Azimut S p A : once again leads the industry with € 1.8 billion in net inflows in October and € 17.1 billion year to date

About this update from Azimut Holding Spa

PRESS RELEASE Azimut once again leads the industry with € 1.8 billion in net inflows in October and € 17.1 billion year to date Milan, 10 November 2025 ‌Net inflows The Azimut Group recorded total net inflows of € 1.8 billion in October 2025 , with € 1.2 billion (67%) directed toward managed solutions. Year-to-date net inflows now stand at € 17.1 billion, supporting the full-year target of € 28 to € 31 billion . Total Assets reached a new all-time high of € 126.7 billion at the end of October, up 18% since the beginning of the year, supported by Azimut's strong global momentum and presence across 20 countries. Alessandro Zambotti, CEO and CFO of the Group, comments: " October once again confirmed the strength of our business model, with € 1.8 billion in net inflows and total assets reaching a new all-time high of € 126.7 billion. Our growth remains solid, sustainable , and well diversified across all business lines - Integrated Solutions, Global Wealth, and Institutional & Wholesale - both in Italy and globally. Our Italian network continues to deliver excellent results, especially in private markets, with new closings that strengthen our leadership in this area. At the same time, our strategic affiliates in the United States and Australia are growing at a sustained pace, also supported by targeted M&A activity. With € 17.1 billion raised since the beginning of the year , we are fully on track to achieve our 2025 targets and to continue leading the Italian asset management industry ." Data in € million Assets 31/12/2024 Net Inflows October 2025 Assets 31/10/2025 ∆ 2025 Alternative funds Discretionary & Advis Life & Pension funds Strategic affiliates Total Assets 6,444 ory 27,619 10,003 28,503 107,516 Assets 206 1,380 186 3,375 6 93 578 2,796 1,788 17,128 Net Inflows 6,969 +8.2% 107.5 30.6 32,593 +18.0% 10,216 +2.1% 28.5 10.2 30,609 +7.4% 126,688 +17.8% 10.0 32.6 27.6 Assets 7.0 Data in € million 31/12/2024 October 2025 31/10/2025 ∆ 2025 6.4 Italy 55,435 817 9,549 66,783 +20.5% 46.3 EMEA 9,568 137 1,665 11,398 +19.1% 34.9 Americas 10,903 219 2,606 14,080 +29.1% Asia-Pacific 3,107 37 511 3,817 +22.8% 12/24 10/25 Strategic affiliates 28,503 578 2,796 30,609 +7.4% Mutual funds Alternative funds Total Assets 107,516 1,788 17,128 126,688 Discretionary & Advisory Life & Pension funds +17.8% Strategic affiliates Mutual funds 34,947 813 9,483 46,300 +32.5% Total assets development (€bn) 126.7 ‌Integration to the press release dated 6 November 2025 Following the information already shared in the press release of 6 November 2025 and as outlined in the materials made available to the market and analysts during the presentation of the Azimut Group's first-half 2025 results held on 31 July 2025, and considering the exchanges and documentation provided to the competent Authorities, pursuant to Article 114, paragraph 5, of Legislative Decree No. 58/1998 Azimut confirms and clarifies that the formal submission of the applications related to the TNB transaction - including the partial demerger that is preparatory and functional to the transaction of Azimut Capital Management SGR S.p.A. - will take place following the completion of the activities provided for under the action plan. Within this process, the competent Authorities (Bank of Italy, Consob, and the European Central Bank, for their respective areas of competence) will subsequently carry out the evaluations required for the examination and authorization of the related applications. Azimut remains fully committed to maintaining the highest level of transparency in its communication with the market and the supervisory authorities, with the objective of completing the authorization process within the expected timeframe and moving forward with determination on the TNB project, a strategic initiative designed to create sustainable, long-term value for the Group and its shareholders . Azimut is an independent, global group specializing in asset management across public and private markets, wealth management, investment banking, and fintech, serving private and corporate clients. Listed on the Milan Stock Exchange (AZM.IM), the Group is a leading player in Italy and operates in 20 countries worldwide, with a focus on emerging markets. The shareholder structure includes approximately 2,000 managers, employees, and financial advisors bound by a shareholders' agreement that controls around 22% of the company, while the remaining shares are in free float. The Group comprises a network of companies active in the management, distribution, and promotion of financial and insurance products, with registered offices in Italy, Australia, Brazil, Chile, China and Hong Kong, Egypt, Ireland, Luxembourg, Morocco, Mexico, Monaco, Portugal, Saudi Arabia, Singapore, Switzerland, Taiwan, Turkey, the United Arab Emirates and the United States. Contacts - Azimut Holding S.p.A. https://www.azimut-group.com Investor Relations Alex Soppera, Ph.D. Tel. +39 02 8898 5671 E-mail: [email protected] Media Relations Viviana Merotto Tel. +39 338 74 96 248 E-mail: [email protected] Claudia Zolin Tel. +39 02 8898 5115 E-mail: [email protected] Maria Laura Sisti Tel. +39 347 42 82 170 E-mail: [email protected] 2

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