Cy4gate Spa · MIL:CY4
Cy4gate Spa — 9M 2025 Earnings Presentation
15 slides from Cy4gate Spa's earnings presentation, Nov 14, 2025
Slide 1: Cy4Gate 9M 2025 Financial Results
Cy4Gate 9M 2025 Financial Results November 14, 2025
Slide 2: Agenda
AGENDA ➢ 9M 2025 Financial Results ➢ Strategy & Outlook
Slide 3: Speakers
Speakers ENRICO PERUZZI EMANUELE GALTIERI ARIANNA CICCOLELLA ALESSIA PISONI Chairman CEO & CFO Head of Group FP&A & General Manager Investor Relator 3
Slide 4: 9M 2025 Financial Results
bydcontext. selected obj CY GATE Part of ELT Group
Slide 5: 9M 2025 Highlights
9M 2025 Highlights The result of the first nine months of 2025 confirm the soundness of Cy4Gate’s strategy and ability to grow sustainably in rapidly evolving markets such as cyber intelligence and cyber security. As of November 12, 2025, Orders acquired amounts to € 113 million and Total Backlog st
Slide 6: 9M 2025 Economic Key Data
9M 2025 Economic Key Data € mln 2024 - 2025 Growth 2024 - 2025 • Revenues equal to € 65.1 million, + 37% compared Revenues¹ +36.9% YoY 47.5 65.1 to 30 September 2024 (€ 47.5 million), mainly 9M 2024 9M 2025 driven by the excellent performance of the Forensic Intelligence and Decision intelligence 9.
Slide 7: 9M 2025 Revenues Breakdown
9M 2025 Revenues Breakdown By business line By geographical area Decision Intelligence Forensic Intelligence Cyber Security Italy Export 19% ~72% 27% 15% 38% 41% ~51% ~49% €47.5 mln €65.1 mln ~28% 33% 43% 9M 2024 9M 2025 9M 2024 9M 2025 Increased sales of licences and services in Forensic Foreign sa
Slide 8: 9M 2025 People Investment
9M 2025 People Investment Positive Items Negative Items Total 552 53 (58) 547 Total personnel decreased in the nine months of 2025 by a total of 5 resources: ▪ -3 resources in engineering ▪ -2 resources in commercial & staff Cy4Gate Entrances Exits Cy4Gate Group Group FY 2024 9M 2025 8
Slide 9: 9M 2025 Financial Key Data
9M 2025 Financial Key Data € mln 2024 - 2025 Growth 2024 - 2025 Fixed -6.3% 98.0 91.8 Assets vs Dec. 24 • Fixed Assets decreasing due to lower capitalized FY 2024 9M 2025 investments Net • Net Working Capital reduction due to positive -34.4% 35.2 Working 23.1 vs Dec. 24 collections and payments dyna
Slide 10: 9M 2025 NFP Bridge
9M 2025 NFP Bridge Positive Items Negative Items Total € mln (8.2) 19.3 (1.7) (1.0) (22.5) (30.9) NFP 2024 Operating Cash flow CAPEX Minorities Others NFP 9M 2025 Dividends Payout 10
Slide 11: Strategy & Outlook
bydcontext. selected obj CY GATE Part of ELT Group
Slide 12: Our growth Strategy: Actions
Our growth Strategy: Actions 2025-2026 ▪ Deepen relationships with Italian prime contractors (ELT among others) to secure long-term, high-value programs ▪ Participate in international consortia to capture significant opportunities arising from newly established EU Defence Defence Funds ▪ Capture EU
Slide 13: Our growth Strategy: Market
Our growth Strategy: Market Cy4Gate Group portfolio – cyber intelligence & cyber security products - perfectly fits with the following 3 fast growing markets, both in Italy and abroad: Portfolio fit: ▪ Rising internal/external threats and network-centric military modernization driving strong demand
Slide 14: Outlook 2025
Outlook 2025 Total Revenues, € mln Total Revenues, € mln +>20% +~14% 90+ 84.0-87.0 75.1 75.1 68.3 68.3 2023 2024 Target 2025 2023 2024 Target 2025 14
Slide 15: Follow us
Follow us: Headquarter Via Coponia, 8 00131 Rome - Italy Investor Relations Officer Alessia Pisoni investors@cy4gate.com Investor Relations Advisor CDR Communication silvia.dirosa@cdr-communication.it luca.gentili@cdr-communication.it 15