Slide 1: Q1 2026 Results
Q1 2026 Results Ended March 31, 2026 Milan – May 14, 2026
Slide 2: Disclaimer
Disclaimer This company presentation includes forward-looking data based on internal management assumptions that are subject to material changes, including changes due to external factors beyond the Group's control; management data, when presented, are identified as such Business Units’ data are div
Slide 3: Agenda
Agenda Highlights & Updates J. Mastragostino | Chief Investor Relations Officer 01 Q1 2026 Financial Results 02 O. Pozzi | Group Chief Financial Officer Business Units Deep Dive 03 O. Pozzi | Group Chief Financial Officer Closing Remarks 04 J. Mastragostino | Chief Investor Relations Officer
Slide 4: Highlights & Updates
01 Highlights & Updates J. Mastragostino | Chief Investor Relations Officer
Slide 5: Key Group Financial Data
Highlights & Updates Key Group Financial Data at 31/03/20261 REVENUES2 EBITDA ADJ. EBITDA €106M €15M €14M in line vs PY3 -14% vs PY3 NET PROFIT ADJ. 4 NFP FCF ADJ. 4 €1M €351M €35M vs €240M in FY’25 +12% vs PY (1) Please note that Q1’26 figures include contribution from Strategy Innovation S.r.l. an
Slide 6: Q1 2026 Results Highlights
Highlights & Updates Q1 2026 Results Highlights 1 • Revenues2 at €106.1M (-0.3% vs PY3), reflecting slowdown of sales in Cybersecurity (-15.9%) and flattish Digital Trust performance (+0.4%, mainly driven by volatility impacting Ascertia), despite acceleration in Business Innovation sales (+7.6% att
Slide 7: Q1 2026 Consolidated Results
Highlights & Updates Q1 2026 Consolidated Results1 €M Q1 2026 results show Revenues of €106M and EBITDA Adjusted of €15M Q1 2026 Revenues broadly in line with PY; slowdown in EBITDA Adjusted margin EBITDA Adjusted at €15.2M EBITDA Adjusted margin at 14.3% Margin Margin 16.7% 14.3% EBITDA reported at
Slide 8: Q1 2026 Financial Results
02 Q1 2026 Financial Results O. Pozzi | Group Chief Financial Officer
Slide 9: Q1 2026 – BU Overview
DIGITAL TRUST Q1 2026 Financial Results Q1 2026 – BU Overview1 +0.4% 54.4 54.6 €M 15.8 16.1 GROUP 2 Q1 20252 Q1 2026 Q1 2025 Q1 2026 Revenues 3 EBITDA Adjusted CYBERSECURITY 23.2 Margin Margin 19.5 16.7% 14.3% 2.7 1.1 Q1 20252 Q1 2026 Q1 2025 2 Q1 2026 106.5 106.1 Revenues EBITDA Adjusted BUSINESS I
Slide 10: Q1 2026 Consolidated Results – Income Statement
Q1 2026 Financial Results Q1 2026 Consolidated Results – Income Statement1 €M Q1’26 % Q1’252 % Δ Δ% Q1’26 figures highlight different mix vs PY, with REVENUES3 106.1 100.0% 106.5 100.0% (0.4) (0.3%) higher non-recurring costs (related to change of Total Operating Costs3 (90.9) (85.7%) (88.8) (83.3%)
Slide 11: Q1 2026 Consolidated Results – P&L Adjustments
Q1 2026 Financial Results Q1 2026 Consolidated Results – P&L Adjustments1 €M NET PROFIT/(LOSS) FROM EBITDA OPERATING PROFIT/(LOSS) CONTINUING OPERATIONS Q1’26 Q1’252 Q1’26 Q1’252 Q1’26 Q1’252 REPORTED INCOME STATEMENT RESULTS 13.7 16.2 (2.5) 0.2 (4.9) 3.6 Non-recurring revenues (0.7) (0.3) (0.7) (0.
Slide 12: Q1 2026 Results – Balance Sheet
Q1 2026 Financial Results Q1 2026 Results – Balance Sheet €M -5.5% +46.4% -41.8% 583.6 343.8 351.1 239.8 200.2 551.3 FY 2025 Q1 2026 FY 2025 Q1 2026 FY 2025 Q1 2026 NET INVESTED CAPITAL NET FINANCIAL POSITION TOTAL SHAREHOLDERS’ EQUITY Net Invested Capital decreasing by €32.3M vs FY 2025 mainly due
Slide 13: Q1 2026 Results – Balance Sheet LTM
Q1 2026 Financial Results Q1 2026 Results – Balance Sheet LTM €M -26.6% -56.5% 751.4 460.6 551.3 200.2 1 1 Q1 2025 Q1 2026 Q1 2025 Q1 2026 NET INVESTED CAPITAL TOTAL SHAREHOLDERS’ EQUITY Net Invested Capital decreasing by €200.1M vs Q1 2025 mainly due to: Shareholders’ Equity down €260.4M vs Q1 2025
Slide 14: Q1 2026 Results – NFP & FCF LTM
Q1 2026 Financial Results Q1 2026 Results – NFP & FCF LTM €M 74.1 13.0 34.7 Non-recurring components 30.9 0.9 3.2 61.1 Free Cash Flow from 351.1 Continuing Operations 290.9 30.0 31.5 1 Q1 2025 Q1 2026 Q1 2025 Q1 2026 LTM at March 31, 2026 NET FINANCIAL POSITION ADJUSTED FCF FROM CONTINUING OPERATION
Slide 15: Q1 2026 Results – NFP Bridge
Q1 2026 Financial Results Q1 2026 Results – NFP Bridge1 €M 139.2 0.4 0.1 0.3 351.1 (1.8) 239.8 3.2 2.7 1.9 (34.7) €M Tinexta Infocert (16.09%) estimate 137.0 Strategy Innovation S.r.l. 2.4 TiSviluppo S.r.l. 1.3 Disposal of Sixtema corporate branch (1.6) Tot. Acquisitions/(Disposals) 139.2 NFP at Adj
Slide 16: Q1 2026 Results – LTM NFP Bridge
Q1 2026 Financial Results Q1 2026 Results – LTM NFP Bridge1 €M of which €12.1M related to ABF 110.7 351.1 (14.8) (2.6) (1.0) (1.7) (0.3) 290.9 7.0 16.5 13.0 11.8 €M (4.3) *The item includes: (74.1) Defence Group deconsolidation (89.1)* (i) €4.1M related to the deconsolidation of Defence Tinexta Inno
Slide 17: Business Units Deep Dive
03 Business Units Deep Dive O. Pozzi | Group Chief Financial Officer
Slide 18: Q1 2026 – Digital Trust
Business Units Deep Dive Q1 2026 – Digital Trust1 €M Margin Margin +0.4% 29.1% 29.4% 54.4 54.6 15.8 16.1 2 Q1 2025 Q1 2026 Q1 2025 2 Q1 2026 Revenues 3 EBITDA Adjusted • Revenues at €54.6M, up 0.4% vs PY. Growth was driven by LegalMail solutions (+2%), particularly in the Public Administration and L
Slide 19: Q1 2026 – Cybersecurity
Business Units Deep Dive Q1 2026 – Cybersecurity €M Margin Margin 11.6% 5.4% 23.2 19.5 1.1 2.7 Q1 2025 1 Q1 2026 Q1 2025 1 Q1 2026 Revenues EBITDA Adjusted • Revenues at €19.5M, down 15.9% vs PY. The significant contraction in revenues is mainly attributable to the Services component both in Technol
Slide 20: Q1 2026 – Business Innovation
Business Units Deep Dive Q1 2026 – Business Innovation1 €M Margin Margin 11.6% 6.1% 31.4 33.8 3.6 2.1 2 Q1 2025 Q1 2026 Q1 2025 2 Q1 2026 Revenues EBITDA Adjusted • Revenues at €33.8M, up 7.6% vs PY. Organic growth reflects the combined effects of: (i) revenue expansion in the Finance & Grants (“F&G
Slide 21: Closing Remarks
04 Closing Remarks J. Mastragostino | Chief Investor Relations Officer
Slide 22: FY 2026 – The Board of Directors confirms Group Targets
Closing Remarks FY 2026 – The Board of Directors confirms Group Targets1 GROUP KEY INITIATIVES REVENUES Implementation of an action plan aimed at containing operating +3-4% costs, driving expected margin expansion vs PY Monitoring of the geopolitical context, with a focus on the conflict in Middle E
Slide 23: tinexta
tinexta
Slide 24: Thanks.
Thanks. www.tinexta.com Investor Relations Contacts Presentation Piazzale Flaminio 1/B E-mail: info@tinexta.com Josef Mastragostino Download the presentation Roma, 00196, Italy tinexta@legalmail.it Chief Investor Relations Officer Tel. +39.06.42012631 LinkedIn: Tinexta investor@tinexta.com