Quarterly Report as of March 31, 2026

Passion Displayed

Dear Shareholders,

DATA MODUL achieved a turnaround in the first quarter of 2026, recording higher earnings year-on-year for the quarter even though economic conditions remain challenging overall.

Orders received increased 4.5% year-over-year to 54.9 million euros for the first quarter of 2026 (previous year: 52.5 million euros). Revenue fell to 52.3 million euros in the first quarter of 2026, down 3.9% versus the figure recorded for the first three months of 2025 (previous year: 54.4 million euros).

EBIT for the first quarter of 2026 rose 117.6% to 0,3 million euros despite declining business (previous year: -1.9 million euros) for an EBIT margin of 0.7% (previous year: -3.6%). This development is attributable both to the successfully implemented cost-saving measures and to one-off effects in the same quarter of the previous year, which resulted from one-off personnel-related measures. Net income for the period ending March 31, 2026, was 86.7% higher year-over-year at -0,3 million euros (previous year: -2.4 million euros).

Responding to the generally difficult economic environment, DATA MODUL has implemented targeted measures to heighten efficiency and optimize costs. The Company is in good structural shape thanks to consistent implementation of its strategic program over the long term and is thus well prepared for a lengthy phase of adverse economic conditions.

‌Interim Group Management Report

1. ‌General economic conditions

   ‌The German economy remained sluggish in the first quarter of 2026. With manufacturing demand remaining weak, the general economy was increasingly burdened by the war in Iran among other troubling geopolitical issues that are undermining overall investor confidence. This reluctance is evident in manufacturing, which is of key importance to German business and has been beset by higher energy costs and declining international orders. Production declines have thus been seen in mechanical engineering, automotive and other key industries.

   ‌Monetary policy in the first quarter of 2026 was again characterized by cautious restraint, as the European Central Bank left the key interest rate unchanged at 2.0% at its April meeting, where it has been since June 11, 2025. The ECB also pointed out how price stability risk is increasing, due above all to geopolitical tensions around the Iran war. The US Federal Reserve likewise kept its interest rate corridor unchanged at 3.5-3.75% at its April meeting in view of another inflation shock triggered by the US president. Thus, in its forecast for the year ahead the Federal Reserve indicated a decreased likelihood for interest rate cuts, expressing a more cautious position than was being demanded by the government.

   ‌The Ifo Business Climate Index - a key leading indicator for the German economy - fell to 86.4 in March 2026 from a level of 88.4 in February, showing a further deterioration in sentiment. This significant overall decline reflects corporate expectations becoming steadily more pessimistic over the course of the quarter, exacerbated by rising geopolitical uncertainty created by the war in Iran. DATA MODUL is compelled to address these trends and confront the challenges posed by the troubled economic environment.

2. ‌Key figures

   	01/01 - 03/31/2026	01/01 - 03/31/2025	Change
   Total revenue Displays Systems	52,262 30,487 21,775	54,363 33,098 21,265	-3.9% -7.9% 2.4%
   Orders received	54,895	52,526	4.5%
   EBIT 1)	343	(1,947)	117.6%
   EBIT margin2)	0.7%	-3.6%	118,3%
   Net income for the period	(323)	(2,437)	86.7%
   Capital expenditure 3)	1,007	503	100.2%
   Employees 4)	518	533	-2.8%
   Earnings per share (in euros)	-0.09	-0.69	86.7%
   Outstanding shares - Basic	3,526,182	3,526,182	0.0%

   1. EBIT: Earnings before interest and taxes
   2. EBIT margin: EBIT relative to revenue
   3. Capital expenditure: Investments in intangible assets and property, plant and equipment
   4. Employees: Number of employees as of the reporting date

      All figures in KEUR except for number of employees, earnings per share and number of shares

3. ‌Business results

   ‌DATA MODUL recorded revenue of 52,262 thousand euros for the first three months of this year (previous year: 54,363 thousand euros), down 3.9% versus the same quarter last year. The Displays business segment recorded revenue of 30,487 thousand euros for the first quarter (previous year: 33,098 thousand euros), while the Systems business segment recorded revenue of 21,775 thousand euros (previous year: 21,265 thousand euros). Orders received rose 4.5% for the Group versus the same quarter last year to 54,895 thousand euros (previous year: 52,526 thousand euros). The economically driven decline in revenue in international markets was particularly noticeable, as reflected in the export rate declining to 56.8% (previous year: 58.3%).

4. ‌Earnings

   ‌The business environment remains challenging for DATA MODUL, faced with a subdued global economy and falling revenue from international markets. EBIT for the first three months of the year came to 343 thousand euros (previous year: -1,947 thousand euros), with EBIT margin at 0.7% (previous year: -3.6%). The Displays business segment recorded EBIT of 258 thousand euros (previous year: -617 thousand euros) The Systems business segment recorded EBIT of 85 thousand euros (previous year: -1,330 thousand euros). DATA MODUL thus recorded a net loss for the period ending March 31, 2026, of -323 thousand euros (previous year: loss of -2,437 thousand euros) for earnings per share of -0.09 euros (previous year: -0.69 euros). The financial result includes financial income and expenses from derivative financial instruments measured at fair value through profit or loss on embedded foreign currency derivatives. A net loss of 248 thousand euros was recorded from these embedded derivatives (previous year: net loss of 5 thousand euros).

5. ‌Balance sheet

   ‌The balance sheet total decreased by 3,470 thousand euros since calendar year-end to 189,182 thousand euros (December 31, 2025: 192,652 thousand euros). On the assets side of the balance sheet, this decrease was largely attributable to lower inventories. The decrease in total assets was principally due to lower other current liabilities.

   ‌Cash flow from operating activities was 2,009 thousand euros as of March 31, 2026 (previous year: -446 thousand euros). This was mainly due to lower inventories. Investments in intangible assets and property, plant and equipment in the first three months of 2026 resulted in cash flow from investing activities of -1,007 thousand euros (previous year: -503 thousand euros). Cash flow from financing activities, after cash outflows for leases and interest paid, amounted to -884 thousand euros for the first quarter of 2026 (previous year: -796 thousand euros). At the reporting date the Group held 13,119 thousand euros in cash and cash equivalents (December 31, 2025: 12,996 thousand euros).

   ‌As of March 31, 2026, DATA MODUL had an equity ratio of 76.6% (December 31, 2025: 75.3%). The Group thus remains very solid financially, with sufficient liquidity.

6. ‌Capital expenditure

   ‌Capital expenditure to invest in intangible assets and property, plant and equipment totaled -1,007 thousand euros for the first three months of the year (previous year: -503 thousand euros). A large part of this investment was made to expand production and logistics capacity at the site in Lublin (Poland) and migrate to a new, more technologically sophisticated ERP version. Capital expenditures planned for this financial year primarily concern IT and maintenance and repairs at production sites. We will continue investing in research and development to ensure that we remain competitive.

7. ‌Number of employees

   ‌At the end of the quarter the number of Group employees was 518 (previous year: 533).

8. ‌Opportunities and risks

   ‌Global economic trends, exchange rate movements, rising commodity and energy prices and uncertainties regarding customer ordering behavior constitute risks which may have a lasting impact on our business. We are aware of these risks and carefully monitor their impact on our business operations. Currently, there are no apparent going-concern risks for the DATA MODUL Group. No significant changes have occurred vis-a-vis the information provided in the Risks and Opportunities section of the 2025 Annual Report.

9. ‌Events after the reporting period

   ‌We are not aware of any significant events occurring after the reporting date of March 31, 2026, which would have had a major influence or impact on the Company's earnings or balance sheet.

10. ‌Forecast

    ‌The statements made in the following regarding the future business results of DATA MODUL Group and assumptions regarding market and industry trends deemed material in relation thereto are based on opinions which we believe are realistic at this time given the information available. However, these assumptions and assessments are subject to uncertainty and involve an inevitable risk that projected developments may not actually occur, with respect to either their direction or extent. The ongoing war in Ukraine, war and continuing tensions in the Middle East and the growing trade conflict between the US and China are creating an extraordinary level of uncertainty.

    ‌The outlook for the global economy in 2026 is affected by heightened uncertainty, connected chiefly with the war in Iran. Should the fighting end in the very near term and the Strait of Hormuz were to reopen, economic impact would remain limited, avoiding inflationary pressure sustained despite a spike in energy prices. Further escalation of the conflict on the other hand would make a stagflation scenario more likely, in which rising energy prices require monetary tightening, thus putting significant strain on the global economy. The global economy is expected to grow at a rate of 2.4% year-on-year.

    ‌The economic outlook for the US economy in 2026 has significantly deteriorated, due first and foremost to the largely self-inflicted harm of another price shock due to the Iran war started by the US president. As a net exporter of fossil fuels, economic impact is partially mitigated, but US households and businesses are still confronted with substantially higher prices in the short term. As a result, consumer prices are likely to rise above 3% again during the spring, wiping out any previous progress made on stabilizing inflation. This is why in April the Federal Reserve left interest rates unchanged, indicating a cautious stance regarding any rate cuts possibly to be made later in the year. Rising inflation risk and a softening labor market make economic slowing more likely, especially if the ongoing geopolitical conflict takes longer to resolve. Leading economic analysts forecast GDP growth of 2.0% for the US.

    ‌The euro area is expected to enjoy only modest growth again in 2026, impacted by the heightened economic uncertainty stemming particularly from the war in Iran and related geopolitical tension as well as energy price and inflation risk. At its April meeting the European Central Bank kept interest rates unchanged, emphasizing that any monetary policy moves would be data driven. Further escalation of the conflict could create additional pressure to take action, but at present inflation is only seen rising temporarily in the course of 2026, paired with slowing economic momentum. A vigorous economic rebound thus does not appear to be in the cards. Analysts are forecasting GDP growth of 1.1% for the euro area in 2026.

    ‌The German economy is forecast to grow only modestly in 2026, with rising energy prices caused by war in Iran already having a noticeable impact on both consumer and corporate spending. Higher commodity prices and continuing strain on supply chains (mainly ocean and air freight) are creating further inflation pressures. The growth forecast for 2026 was thus adjusted slightly down to 0.7%, with a simultaneous rise in inflation projections.1

    ‌Like other businesses, DATA MODUL is affected by the ongoing economic problems and facing a difficult market environment. The Group is structurally well-prepared however positioned to continue operating with

    ‌1 BayernLB Research, Perspektiven 4/2026

    stability despite adverse conditions, thanks to systematic implementation of our long-term strategy program. In view of the effective cost reduction measures implemented and improving operating conditions, the Executive Board estimates that the company will record a profit for fiscal year 2026 and see sustained improvements in our key figures.

11. ‌Related party disclosures

‌Per a disclosure dated April 11, 2017, ARROW Central Europe Holding Munich GmbH, Neu-Isenburg, holds approximately 69.2% of voting rights in DATA MODUL AG. The trade relationships with the ARROW Group involve purchases and sales at arm's length.

‌Consolidated Statement of Financial Position

as of March 31, 2026

All figures in KEUR

All figures in KEUR

‌Consolidated statement of income

All figures in KEUR except earnings per share and weighted average shares outstanding.

‌Consolidated Statement of Cash Flows

All figures in KEUR

‌Consolidated Statement of Changes in Equity

All figures in KEUR except number of shares

‌Consolidated Statement of Comprehensive Income

All figures in KEUR

‌Notes to the financial statements

‌The abbreviated consolidated interim financial statements and interim Group management report do not contain all information and disclosures required for preparing consolidated financial statements and are thus to be interpreted in context with the consolidated financial statements and Group management report dated December 31, 2025.

‌The same recognition and measurement methods applied to prepare the consolidated financial statements dated December 31, 2025, were applied in preparing this consolidated quarterly report dated March 31, 2026. These interim consolidated financial statements have been prepared in accordance with IAS 34 - Interim Reporting. The IFRS standards newly adopted in fiscal year 2026 had no material effect on our balance sheet or earnings. These interim consolidated financial statements and the interim Group management report have not been audited in accordance with Sec. 317 German Commercial Code (HGB), nor have they been audited by a financial accounting firm.

‌The consolidated quarterly report is prepared in euros (EUR). For presentation purposes, euro amounts are rounded to thousands of euros (KEUR). For computation purposes, the tables and notes may include deviations from the accurately calculated amounts due to rounding.

The current consolidated quarterly report contains certain forward-looking statements based on currently discernible and available information as well as assumptions and forecasts made by DATA MODUL management. These are mainly for information purposes and may be identified by terminology such as "believe", "expect", "forecast", "intend", "predict", "plan", "estimate" and/or "strive for". Accordingly, such statements only pertain to the circumstances as of the time of their publication. Various known and unknown risks, uncertainties and other factors may cause the actual results, financial position, business trends or performance of the Company to substantially deviate from the forecast given herein. DATA MODUL assumes no obligation to continue supporting forward-looking statements made, nor to revise such statements in light of events or developments. The Company shall not be liable and offers no guarantee, express or implied, for the updatedness, correctness or completeness of disclosed data and information.

DATA MODUL Aktiengesellschaft

Landsberger Str. 322

80687 Munich

Tel. +49 (0)89 560 17-0

Fax +49 (0)89 560 17-119

www.data-modul.com

Shareholders' Meeting on May 11, 2026

Half-year financial report as of June 30, 2026 on August 7, 2026

Quarterly report as of September 30, 2026 on November 6, 2026