Slide 1: TXT Group: H1-2025 Results Call with Investors
TXT Group: H1-2025 Results Call with Investors August 8 | 11 a.m. (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: H1-2025 results show increase in profitability boosted by M&A
H1-2025 results show an increase in profitability boosted by M&A and sustainable business development Revenues EBITDA €189 Mn Solid Organic Growth in H1-25 €27.5 Mn +57% +9%* 14.6% of revenues +37% +€8 Mn vs. H1-2024 * Organic growth normalized by excluding from 2024 perimeter the one-off revenues r
Slide 3: KPIs: H1-2025 by Offering
KPIs by Division (offering) reported in H1-2025 show growth of the Top Line with strong increase of operating profitability (EBITDA Margin +190bp YoY) in all the divisions, boosted by M&A, synergies between TXT entities, and increasing operational efficiency. _KPIs: H1-2025 by Offering Revenues by O
Slide 4: Value creation: H1-25
R&D INVESTMENTS (fully expenses in the period) € 12Mn H1-25, +75% vs. H1-24 _Value creation: H1-25 SMART SOLUTIONS REVENUES € 44Mn H1-25, +72% vs. H1-24 INTERNATIONAL REVENUES € 31Mn 16% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 112Mn (Net Debt Adjusted)
Slide 5: Core Markets & Incidence
5 Core Markets & Incidence We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 3000 experts, competence centers in AI, cybersecurity, XR, IoT. 21% Aerospace & Defense 16% I
Slide 6: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 7: Investment in AI: Signing for a Capital Increase in Altilia
Investment in AI: Signing for a Capital Increase in Altilia • On July 3, 2025, TXT announced the acquisition of a minority equity interest in Altilia S.r.l., an Italian deep-tech company specializing in Artificial Intelligence solutions for intelligent document and decision process automation. • Alt
Slide 8: Business Evolution by Division
Business Evolution by Division • Smart Solutions: low double-digit organic growth rate reported in the first half and expected to continue over the course of 2025, boosted by positive M&A contribution. In terms of organic developments, Aerospace & Defence continues to be the engine of growth, with F
Slide 9: TXT Capital Markets Day – May 2025
TXT Capital Markets Day – 27 May 2025
Slide 10: Financials
FINANCIALS
Slide 11: Profit & loss H1-2025: EBITDA Details & Evolution
€ thousand H1 2025 % H1 2024 % Var % REVENUES 189,095 100 138,194 100 36.8 EBITDA Details & Evolution Direct costs 116,823 61.8 92,896 67.2 25.8 GROSS MARGIN 72,272 38.2 45,298 32.8 59.5 Research and Development costs 11,780 6.2 6,737 4.9 74.9 Commercial costs 19,104 10.1 11,499 8.3 66.1 Profit & lo
Slide 12: Profit & loss H1-2025: EBITDA to Net Profit Bridge
€ thousand H1 2025 % H1 2024 % Var % EBITDA 27,541 14.6 17,498 12.7 57.4 Amortization, Depreciation & Write-offs (Excl. PPA) 5,041 2.7 3,511 2.5 43.6 OPERATING PROFIT (EBIT) ADJ. 22,500 11.9 13,987 10.1 60.9 Net Financial income/(charges) (3,810) (2.0) (831) (0.6) 358.5 EBITDA to Net Profit Bridge S
Slide 13: Profit & loss Q2-2025
€ thousand Q2 2025 % Q2 2024 % Var % REVENUES 96,941 100 71,067 100 36.4 Direct costs 55,409 57.2 47,570 66.9 16.5 GROSS MARGIN 41,532 42.8 23,497 33.1 76.8 Research and Development costs 6,721 6.9 3,396 4.8 97.9 Commercial costs 13,035 13.4 6,663 9.4 95.6 General and Administrative costs 7,578 7.8
Slide 14: Net Financial Debt: solid financial position
.000 Euro 30.06.2025 31.12.2024 Var Cash (80,169) (58,250) (21,919) Trading securities at fair value (5,737) (17,283) 11,546 Other Short Term Financial Assets (8,224) (254) (7,970) Short term Financial Debts 68,216 65,658 2,559 olid financial position Short term Financial Debts (25,914 ) (10,130 ) (
Slide 15: Balance sheet: details
Intangible assets Tangible assets Other fixed assets Fixed Assets Inventories Trade receivables 120,834 Other short term assets 20,516 Trade payables (40,964 ) Tax payables (14,393 ) Other payables and short term liabilities (51,218 ) Net working capital 66,275 Severance and other non current liabil
Slide 16: Dividends & Shareholding
Shareholding Structure June 30th, 2025* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 30 Jun. 2025 Dividends & Shareholding Treasury 18 15,4 Shares; 2% 16 L.V.O. Global Asset Laserline 14 Management S.A. SpA; 30% 12 3% 10 8,4 8 6,8 13,3 5,3 5,5 5,6 Market; 41% 6
Slide 17: Q&A
TXT Q&A