Results at 31 December 2025 approved

• In 2025, the Group achieved consolidated gross revenue of Euro 1,124.8 million (Euro 1,158.3 million in 2024), EBITDA of Euro 182.5 million (Euro 186.6 million in 2024), EBIT of Euro 96.2 million (Euro 102.6 million in 2024), and net profit attributable to the owners of the parent of Euro 39.7 million (Euro 45.2 million)
• The net financial position came to Euro 12.5 million (Euro 21.5 million at 31 December 2024) after outlays of Euro 41.3 million for the public purchase offer on treasury shares and Euro 14.5 million for dividends
• At end December, the RCS Group's titles reach an active digital customer base of approximately 1.3 million subscriptions: 754 thousand for Corriere della Sera, Italy's leading newspaper also on newsstands, 267 thousand for Gazzetta, 181 thousand for El Mundo and 131 thousand for Expansión
• La7 achieved high ratings with 4.2% in the all-day share and 5.7% in prime time, up by 7% and by 4% versus 2024, and was the third channel in terms of ratings in the 20:00/22:30 time slot, with a 6% share, up by 4%. As of October 1, the new La7 Cinema channel was launched, which in the October-December quarter already posted ratings of 0.6% in the all-day share and 0.8% in the 21:30/23:30 evening slot, up sharply versus the previous La7d channel. The strong ratings performance was also confirmed in the two-month period January-February 2026, when La7 ranked as the third most watched channel both in prime time (20:30/22:30) and in the 20:00/22:30 time slot, and La 7 Cinema continued to grow YoY
• Veo7, the new TV channel launched by RCS in Spain, in the October-December quarter already achieved an average share of 0.83% in all-day and 0.84% in prime time, results confirmed also in the two-month period January-February 2026 with an average share of 0.87% in all-day and 0.9% in prime time
• The Cairo Editore magazine publishing segment achieved EBITDA of Euro 12.1 million, up versus 2024 (Euro 11.1 million)
• A dividend of Euro 0.18 per share will be proposed at the Shareholders' Meeting

The year 2025 was marked by the continuing conflicts in Ukraine and the Middle East, with their consequences also in terms of impacts on the economy and trade, which have continued to result in a situation of general significant uncertainty. The Group has no direct exposure and/or business activities towards the markets affected by the conflict and/or sanctioned entities. The introduction by the United States of tariffs and international trade restrictions since April have further aggravated this uncertainty.

Against this backdrop, in 2025:

• the Group EBITDA was basically in line (-2%) with the figure of 2024 and continued to generate significant cash flows from operations. At 31 December 2025, the net financial position stood at Euro

  12.5 million (Euro 21.5 million at 31 December 2024) after outlays of Euro 41.3 million for the consideration of treasury shares tendered in the public purchase offer and Euro 14.5 million for dividend distribution;

• RCS's EBITDA was also broadly in line with the figure of 2024. RCS confirmed remarkable newsstand circulation levels and continued the growth of digital operations. At end December 2025, the total active digital customer base (digital edition, membership, and m-site) of Corriere della Sera reached 754 thousand subscriptions, while Gazzetta's pay products (G ALL, G+, GPRO and Fantacampionato) reached 267 thousand subscriptions (Internal Source). Digital subscriptions grew in Spain too (digital edition and premium), reaching at end December 2025 181 thousand subscriptions for El Mundo and 131 thousand subscriptions for Expansión (Internal Source). Both Italian newspapers, Corriere della Sera and La Gazzetta dello Sport, and in Spain Marca and Expansión, retained their circulation leadership in their respective market segments (ADS for Italy and OJD for Spain). La Gazzetta dello Sport, in the Audipress 2025/III survey published in February 2026, retained its position as the most-read Italian newspaper with approximately 2 million readers, followed in second place by Corriere della Sera with approximately 1.7 million readers. EGM's latest December 2025 "General Media Research" survey confirms Unidad Editorial as the leader in Spanish print media, with almost 1.5 million overall daily readers of its three daily newspapers. Marca, with 938 thousand readers, is the most widely read newspaper in Spain, El Mundo the second among generalists and third among daily newspapers with over 487 thousand readers. The main digital performance indicators confirm the top market position of RCS, with the Corriere della Sera and La Gazzetta dello Sport brands, which counted, in the period January-December 2025, 27.3 million and 15.5 million average monthly unique users, and 3.7 million and 2.1 million average daily unique users (Audicom). In Spain, as part of the online activities, elmundo.es, marca.com and expansión.com reached 37.3 million, 54.3 million and 7 million average monthly unique browsers respectively in 2025, comprising both domestic and foreign browsers and including apps (Google Analytics). The main social accounts of the Corriere System at 31 December 2025 reached approximately 15.3 million total followers (considering Facebook, Instagram, X, LinkedIn and TikTok - Internal Source) and those of La Gazzetta dello Sport 7 million (considering Facebook, Instagram, X, TikTok and YouTube - Internal Source). The social audience of Unidad Editorial Group titles (Internal Source) stands at 13.2 million followers for El Mundo, 21.8 million for Marca and 2.6 million for Telva (considering Facebook, Instagram, X and TikTok) and 1.6 million for Expansión (considering Facebook, Instagram, X, LinkedIn and TikTok). Net operating revenue amounted to Euro 787.7 million, with total digital revenue (Italy and Spain) amounting to approximately Euro

  220.1 million and accounting for approximately 28% of total revenue (in Spain 43%).

• the TV publishing (La7) and network operator segment achieved growing ratings and advertising revenue. In 2025, La7's average share was 4.2% in all-day and 5.7% in prime time (20:30-22:30 time slot), up by 7% and 4%, respectively, versus 2024, confirming a high-quality audience. Specifically, in 2025, La7 was the third channel in terms of ratings in the 20:00/22:30 time slot, with a 6% share, up by 4% versus 2024 and the fourth channel in prime time. The strong ratings performance was also confirmed in the two-month period January-February 2026, when La7 ranked as the third most watched channel both in prime time and in the 20:00/22:30 time slot. In 2025, TgLa7 8 p.m. edition's share grew by 6%. In the early morning time slot (7:00/12:00), La7, with a 4.3% share and up by 6%, ranks fourth nationally. The new La7 Cinema channel, which replaced La7d as of 1 October, achieved an average 0.6% share in all-day and in prime time and 0.8% in the 21:30/23:30 evening slot (+52% +46% and +28%, respectively, versus La7d in the same period of 2024) in its first quarter on air (October-December). La7 Cinema's YoY ratings growth continued in the two-month period January-February 2026, when it achieved a 0.6% share in all-day (+46%) and

  0.7% in the 21:30/23:30 time slot (+30%). Advertising sales on La7 amounted to approximately Euro

  159.1 million (Euro 157.4 million in 2024). The La7 channel's news and discussion programmes in 2025 all continued to deliver remarkable results: Otto e Mezzo with an 8.2% average share from Monday to Friday, TgLa7 8 p.m. edition 7.5% from Monday to Friday, diMartedì 8.5%, the four episodes of Una giornata particolare dedicated to the story of the Bible 6.7%, Piazzapulita 6.3%, Propaganda Live 6.6%, In Altre Parole 5.8% on Saturday, La Torre di Babele 4.2%, 100minuti 4.6%, In Onda 5.8%, Omnibus La7 4.6%, Coffee Break 4.8% from Monday to Friday, L'Aria che tira 5.5% and Tagadà 4.5%.

  On the digital front, in 2025 average daily unique users were 246 thousand and 4.8 million average monthly unique users in the period January-December 2025. Stream views were 11.6 million per month. At end December 2025, followers of La7 and its active programmes on Facebook, X, Instagram, TikTok, WhatsApp, and Threads were 9.3 million.

• the results of the magazine publishing segment Cairo Editore were up versus 2024.

  In 2025, consolidated gross revenue amounted to approximately Euro 1,124.8 million (comprising gross operating revenue of Euro 1,061.5 million and other revenue and income of Euro 63.3 million) versus Euro 1,158.3 million in 2024 (comprising gross operating revenue of Euro 1,100.3 million and other revenue and income of Euro 58 million).

  EBITDA and EBIT came to Euro 182.5 million and Euro 96.2 million (Euro 186.6 million and Euro 102.6 million in 2024). Net non-recurring expense amounted to negative Euro 1.8 million (negative Euro 4.2 million in 2024).

  Net profit before non-controlling interests was Euro 61.4 million (Euro 69.6 million in 2024). Net profit attributable to the owners of the parent was Euro 39.7 million (Euro 45.2 million in 2024).

  Looking at the business segments, in 2025:

• in the magazine publishing segment (Cairo Editore), EBITDA and EBIT came to Euro 12.1 million and Euro 10.8 million (Euro 11.1 million and Euro 9.9 million in 2024). Regarding weeklies, with approximately 0.7 million average copies sold in 2025 (ADS January-December 2025), Cairo Editore retains its position as the leading publisher in copies of weeklies sold at newsstands, with an approximately 29% market share. Including the average sales of titles out of the ADS survey (comprising copies sold of "Enigmistica Più" and of "Enigmistica Mia"), average copies sold were approximately 0.8 million;

• the TV publishing (La7) and network operator segment generated EBITDA of approximately Euro 21 million (Euro 21.1 million in 2024), of which Euro 17 million (Euro 15.6 million in 2024), attributable to TV activities and Euro 4 million to network operator activities (Euro 5.5 million in 2024). The change in the result of network operator activities is attributable to the lower number of third-party channels hosted in the mux in 2025 versus 2024, resulting mainly from the expiry of the relevant contracts. EBIT was approximately Euro 1.2 million (Euro 2.9 million in 2024);

• in the advertising segment, EBITDA came to Euro 0.1 million (Euro 1.2 million in 2024) and EBIT to negative Euro 2.4 million (negative Euro 1.5 million in 2024);

• in the RCS segment, in the consolidated financial statements of Cairo Communication, EBITDA1 and EBIT amounted to Euro 149.6 million and Euro 86.6 million (Euro 153.5 million and Euro 91.3 million in 2024). The change in EBITDA is attributable mainly to Unidad Editorial's Spanish operations, with results affected by costs amounting to Euro 3.4 million, specifically in the second half of the year, for the launch and start-up phase of the Veo7 television channel, In 2025, initiatives continued on maintaining and developing revenue, boosting the publishing systems' range of products, developing the digital platforms and enhancing the vertical publishing systems. In Italy, regarding the main initiatives only, Corriere della Sera carried out the social restyling of local

‌1 Mention should be made that RCS adopts a different definition of EBITDA from the one used by the Cairo Communication Group, as indicated in the section below "Alternative Performance Measures". As a result of these differences - relating to allocations to the provisions for risks and charges and the allowance for impairment, totaling Euro 7.6 million in 2025 - EBITDA reported in the RCS 2025 Annual Report approved on 24 March 2026 amounts to Euro 142 million.

editions, launched the new Corriere Milano Instagram channel, renewed the platform for digital event management, introduced new channels such as Animali, Le lezioni del Corriere, Cook, and Le serie del Corriere, published various editorial initiatives to support circulation, revamped the Corriere Milano newsletter ("Incoeu"), released the new YouReporter website, redesigned the 7Corriere Instagram profile, produced new video columns, live studio broadcasts and talks on CorriereTV, launched the new Corriere Giochi app, strengthened partnerships within Corriere Club, launched "A Scuola con il Corriere", rolled out the "App Car" service, unveiled a new look for the Motori channel, added the new Borsa of Economia section, and revised the content publishing strategy on the YouTube channel. Important events were also organized, including "Italia Genera Futuro", "Festival della Prevenzione", "Women in Food", "Premio Bilanci di sostenibilità 2025", the international forum "Pact4Future", the public opening of Corriere della Sera's headquarters at Milano Design Week featuring the Solferino 28 "Città paradiso" installation, Milano Civil Week, the Economia d'Italia cycle of events, Festival Pianeta 2030, Festival Il Tempo delle Donne, the DisclAImer meeting cycle, Campbus, Cook Fest, Change, Tempo della Salute and L'Economia del Futuro. La Gazzetta dello Sport, through its supplements G Magazine and Sportweek, covered the main sporting events of the year, launched the Fantacampionato Mondiale per Club, enhanced its Sunday offerings with anastatic reproductions of historic issues of the newspaper, released the new home page of gazzetta.it, organized Milano Football Week and other important events such as Il Festival dello Sport in Trento, Football Business Forum and Gazzetta Sports Awards. In May, Style Magazine was completely redesigned in both content and graphics to mark its 20th anniversary. Sporting events organized by the RCS Group took place during the year: Giro d'Italia, which took off on 9 May from Albania with the finish line in Rome, touching down in Vatican City where Pope Leo XIV extended his blessing to the riders, Giro-E, Giro Next Gen, Giro d'Italia Women 2025, Milano Sanremo, Tirreno Adriatico, Milano Torino, Strade Bianche and Gran Fondo Strade Bianche, Gran Piemonte, Lombardia and Gran Fondo Lombardia Felice Gimondi, UAE Tour Men and UAE Tour Women, Roma Ostia Half Marathon and Milano Marathon with Milano Running Festival and Wizz Air Rome Half Marathon. In Spain, regarding the main initiatives only, YoDona introduced a redesign and updated its content offerings starting in March, and on 18 June, Veo7, a new free-to-air digital terrestrial television channel was launched, at end September an updated version of the Marca app was made available to users, and in October El Mundo launched its new Juegos section. Veo7 in the October-December 2025 quarter already achieved an average share of 0.83% in all-day and 0.84% in prime time. These positive results are also confirmed in the two-month period January-February 2026, with an average share of 0.87% in all-day and 0.9% in prime time. Work also continued on organizing major events, including participation with El Mundo and La Lectura in the International Contemporary Art Fair in Madrid, the first edition of Gran Encuentro Expansión Catalunya, Foro Internazional Expansión, organized in collaboration with The European House Ambrosetti, Premio Poder Feminino organized by YoDona, Expansión's Fondos and Juridicos awards, and Noche del Deporte organized by Marca, Expansión's GreenWorld & Sustainability meeting, Tiempo de Las Mujeres de Yodona, Telva's Moda award, Expansión's Inteligencia Artificial y nuevas tecnologías meeting, and Marca's Gran Galá del Deporte.

The consolidated net financial position at 31 December 2025 stood at approximately Euro 12.5 million (Euro 21.5 million at end 2024). The change versus end 2024 is attributable mainly to outlays of Euro 41.3 million for the consideration of treasury shares tendered in the public purchase offer, Euro 14.5 million in dividends, and Euro 49.3 million in technical expenditure and non-recurring expense, largely offset by the positive contribution from typical operations.

The Board of Directors will propose at the Shareholders' Meeting the distribution of a dividend of Euro

0.18 per share gross of tax, with ex-dividend date (coupon number 18) on 25 May 2026 and payable on 27 May 2026 (record date 26 May 2026).

The year 2025 was dominated by the ongoing conflicts in Ukraine and the Middle East, with their repercussions extending to the economy and trade. These events persisted in creating a state of significant overall uncertainty. The Group has no direct exposure and/or business activities towards the markets affected by the conflict and/or sanctioned entities.

In 2025, particularly since April, the United States introduced tariffs and international trade restrictions, triggering negotiations that have created significant uncertainty in financial markets and adverse effects on the economy. In late February 2026, the U.S. Supreme Court overturned some of the tariffs introduced, creating further uncertainty over tariff policy.

In early 2026, in Venezuela, the United States captured Nicolás Maduro taking control of the country's oil exports.

In March 2026, the situation in the Middle East deteriorated further, with a U.S.-Israeli attack on Iran, followed by Iran's military response also targeting the Gulf countries. This conflict has led to the blockade of the Strait of Hormuz, a key trade route, specifically for global hydrocarbon flows, with an immediate increase in energy prices and potential risks of inflationary pressures and a slowdown in global economic activity.

In 2025, the Group met the public's strong need to stay informed through its information offering, ensuring a timely service to its viewers and readers. The La7 programmes, the daily editions of Corriere della Sera and La Gazzetta dello Sport in Italy, and of El Mundo, Marca and Expansión in Spain, the Group's magazines and web and social platforms have played a pivotal role in informing, focusing on their mission as a non-partisan, trustworthy public service, and establishing themselves as authoritative players in daily television, print and online information, with strong television ratings and digital traffic figures.

Developments in the current environment and their potential effects on the outlook, which are monitored on an ongoing basis, remain unpredictable as they depend, among other factors, on the evolution and duration of ongoing conflicts, their geopolitical effects and repercussions on financial markets and economic trends, and uncertainties related to tariffs and restrictions on international trade.

Considering the actions already taken and those planned, and barring any deteriorating impacts resulting from developments in Ukraine and the Middle East, and/or the introduction of tariffs or international trade restrictions, the Group believes that it can set the goal of achieving strongly positive EBITDA margins in 2026 - basically in line with those of 2025 - and continuing to generate additional cash from operations.

Developments in the ongoing conflicts, the overall economic climate and the core segments could, however, affect the full achievement of these targets.

* * *

The Financial Reporting Manager of Cairo Communication S.p.A., Marco Pompignoli, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Finance Law, that the financial information contained herein is consistent with the underlying accounting documents, books and records.

Cairo Communication is one of the leading groups in the publishing and advertising sales segments, recognized as one of the first to have developed a multimedia sales approach. With the acquisition of the control of RCS MediaGroup, Cairo Communication establishes itself as a major multimedia publishing group, well-positioned to become the main player on the Italian market, with a strong international presence in Spain, by leveraging on the high quality and diversification of products in the dailies, web, television, magazines and sporting events segments.

For further information: Mario Cargnelutti, Investor Relations, +39 02 74813240, m.cargnelutti@cairocommunication.it This press release is also available on the Company's website www.cairocommunication.it

in the section NOTICES AND DOCUMENTS / PRESS RELEASES