Dhh S.p.a MIL:DHH

Dominion Hosting S p A : Sustainability report (DHH sustainability report 2025 final)

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DHH Group

sustainability report

year 2025

Next generation internet infrastructure

Index

Sustainable development strategy 2

About the company 4

Reporting information 6

Stakeholder engagement 7

Environment 8

People 13

Network and region 18

Business model and innovation 20

Leadership and governance 23

GRI Content Index 28

‌Sustainable development strategy GRI 2-22

Dear all,

As we enter a new year, I would like to reaffirm DHH SpA's ongoing commitment to sustainability, innovation, and social responsibility. Our strategy continues to be grounded in the belief that long-term value creation goes hand in hand with economic development, technological progress, and respect for people and communities.

Our focus remains particularly strong in Southern Europe and across the broader Mediterranean area, where we operate in contexts marked by complex historical and structural challenges. In these regions, we aim to contribute to sustainable development by fostering collaboration, supporting innovation, and promoting the circulation of knowledge and skills.

At the same time, our efforts extend to environments where resources are limited and opportunities unevenly distributed. Here, we work to generate value for local communities by investing in competencies, creating qualified employment, and supporting innovation-driven ecosystems. We are convinced that sustainable growth can only be achieved when companies act as enablers of opportunity, combining economic objectives with social responsibility. Respect for the communities in which we operate remains a fundamental principle of DHH SpA, guiding our actions towards employees, partners, and all those affected by our activities.

Environmental sustainability continues to be a key pillar of our approach. Across the Group, an increasing number of companies rely on renewable energy sources and are actively improving operational efficiency to reduce environmental impact. We are aware that responsible environmental practices are essential not only for our own long-term resilience, but also for the health of the broader ecosystem in which we operate.

In this reporting year, the ESG report has been expanded to include a dedicated section on network and information security, in line with the European NIS regulatory framework. The NIS Directive, and its subsequent evolution under NIS2, establishes a harmonised set of requirements aimed at ensuring a high common level of cybersecurity across the European Union, particularly for organisations operating essential or important digital services. Given the role of the DHH Group as a provider of digital infrastructure and cloud-based services, cybersecurity, service continuity, and incident resilience are considered material topics within our sustainability and risk management framework. The new section outlines the governance model, roles and responsibilities, risk assessment processes, and organisational and technical measures adopted to address cybersecurity risks and to ensure progressive alignment with applicable regulatory requirements.

The publication of our ESG report is an integral part of this commitment. It provides an account of our progress, helps us assess areas where further improvement is needed, and reinforces our responsibility to pursue measurable and continuous advancement. We see ESG not as a static objective, but as an evolving process that requires consistency, learning, and long-term vision.

‌We remain committed to advancing on this path with discipline and responsibility in the year ahead.

Giandomenico (Nico) Sica

Executive Chairman of the Board of Directors

About the company GRI 2-1, GRI 2-2

Founded in 2015, DHH SpA (also referred to as "DHH" or "Company") is a listed technology group headquartered in Milano, Italy. DHH is listed on Euronext Growth Milan (DHH.MI), a Multilateral Trading Facility regulated by Borsa Italiana and registered as a SME Growth Market. The Group consists of entities that are either fully or partially owned, operating across the Adriatic region. As of December 31, 2025, DHH Group comprises nine fully owned portfolio companies, two partially owned companies, and minority stakes in two companies, extending to Southern, Central, and Southeastern Europe.

Fully owned portfolio companies are Plus Hosting Grupa doo and System Bee doo (Croatia), Evolink EAD (Bulgaria), Webtasy doo (Slovenia), DHH Switzerland SA (Switzerland), mCloud doo (Serbia), Tophost Srl, Seeweb Srl (Italy), and Connesi SpA (Italy). All partially owned portfolio companies are located in Italy: Teknonet (60%), and Warian Srl (45% stake held by Seeweb). Teknonet Srl was the last company to join the Group on April 16, 2025. Evolink EAD has been 100% owned since 15 July 2025. In addition, the Group owns minority shares in Icona Technology SpA (6.33%) and Sync Srl (3.21%, in liquidation process).

The Group is reshaping internet infrastructure through the integration of next-generation technology and artificial intelligence. It leverages open-source technologies to enhance digital connectivity across various industries and regions. With a commitment to continuous research and open innovation, DHH aligns technological progress with stringent data privacy standards. This approach promotes technological excellence while safeguarding individual privacy, aiming to position the company as a relevant player in the evolution of global internet infrastructure.

DHH SpA operates as a group of distinct legal entities overseen by a central holding company. The holding entity manages capital allocation, financial reporting, governance, and long-term strategic direction, while operational responsibility remains with each subsidiary.

This structure separates ownership from execution. Individual businesses retain autonomy in commercial and operational decisions, enabling them to respond directly to market conditions. The holding company defines overall priorities and allocates resources, ensuring coherence at the Group level without centralising day-to-day management.

This report presents DHH Group's sustainability activities and related disclosures.

Offered services

DHH Group operates as a holding structure comprising independent companies active in cloud hosting, digital infrastructure, connectivity, and related ICT services across seven countries (Bosnia and Herzegovina, Bulgaria, Croatia, Italy, Serbia, Slovenia, and Switzerland). It specialises in cloud infrastructure services for developers and digital businesses. These include cloud hosting, virtual and dedicated servers, Kubernetes solutions, and application deployment platforms. The Group operates with a developer-first approach, offering

transparent, scalable, Europe-based infrastructure through independent brands acquired and developed over time.

The Group consists of business-to-business internet connectivity services (Connesi, Evolink, Warian), cloud hosting (Plus Hosting Grupa, Tophost, Webtasy), cloud computing (DHH Switzerland, mCloud, Seeweb, System Bee), and managed services providers (Teknonet), delivering scalable services suitable for both smaller enterprises and larger organisations.

  • Plus Hosting delivers shared, reseller, and VPS hosting, as well as dedicated servers, cloud services, and domain registration. With more than 10,000 clients, it is among the largest hosting providers in Croatia.

  • System Bee provides cloud hosting and infrastructure services with a focus on DevOps implementation for small and medium-sized enterprises. The company supports clients through system engineering and infrastructure architecture expertise.

  • Evolink supplies internet connectivity, data centre, and cloud services across the Balkan region, focusing on corporate clients and telecom operators. Its network infrastructure supports Ethernet and MPLS services, complemented by 24/7 technical support.

  • Webtasy provides cloud hosting, shared hosting, reseller hosting, VPS and dedicated servers, and domain registration services. Its subsidiaries manage more than 76,000 domains, host over 54,000 web properties, and serve approximately 32,000 clients.

  • DHH Switzerland offers premium hosting and cloud services tailored to businesses, web professionals, and e-commerce platforms. Services are delivered from infrastructure in Switzerland and Italy, supported by distributed data centre facilities designed to ensure security and data protection.

  • mCloud provides an automated cloud hosting platform based on SSD infrastructure, delivering scalable cloud services. The platform enables users to independently configure system parameters and adjust resources as needed, with servers located in Serbia.

  • Tophost offers low-cost hosting, domain registration, and cloud server services in Italy. Service activation is automated and available seven days a week, with customer support provided through a ticketing system.

  • Seeweb offers cloud computing and data centre services through proprietary facilities in Italy. Its services are supported by specialised engineering teams.

  • Connesi provides connectivity, ICT, and telephony services, supported by its own telecommunications infrastructure. The company maintains direct and independent connections to national and international internet networks.

  • Teknonet provides internet connectivity, hosting, and cloud services to business customers, with a focus on network reliability and managed infrastructure solutions. The company supports enterprise and SME clients through integrated telecommunications and data services within its regional market.

  • Warian is a B2B-focused managed infrastructure provider offering wholesale data connectivity and cloud computing services. It operates an independent fibre-optic backbone and delivers IaaS solutions for scalable infrastructure needs.

    Together, these entities deliver a diversified range of B2B and B2C digital services, supporting businesses with scalable infrastructure, data management, and network solutions.

    ‌Reporting information GRI 2-3, GRI 2-4, GRI 2-5

    Since 2021, the company has published annual Sustainability Reports presenting information on its environmental, social, and governance performance, management approaches, and related initiatives.

    This Sustainability Report covers the period from January 1, 2025, to December 31, 2025, and it has been prepared with reference to the Global Reporting Initiative (GRI) Standards (2021). The included disclosures reflect sustainability topics considered relevant to the Group's operations based on internal review and available stakeholder input during the reporting period. The content is based on information collected through a structured questionnaire developed and administered by Synesgy, available at http://www.synesgy.com, together with internal data provided by the reporting entities. The report has not been externally assured.

    The reporting boundary includes DHH SpA and its consolidated entities unless otherwise stated. No material restatements of previously disclosed information were required for the current reporting period. Comparative figures, where presented, correspond to the prior reporting year. The full report is available on the Group's website at https://www.dhh.international. For further information regarding the report's content, methodology, or data scope, please contact [email protected].

    Why Synesgy?

    For the 2025 Sustainability Report, DHH Group again engaged Synesgy to support the ESG data collection and assessment process. Synesgy is a global alliance of leading companies improving the transition to sustainability through data and insights collected via an innovative digital platform. It provides a structured questionnaire methodology aligned with recognised international frameworks, including the Global Reporting Initiative (GRI), the UN Global Compact (UNGC), and relevant elements of the EU Taxonomy.

    The tool incorporates sector-specific criteria intended to reflect the operational context of participating companies. The platform allows for easy, direct and global use, without sacrificing the specifics of local requirements. With a localised questionnaire in more than 20 languages and adapted to the regulatory and business references of the country to which the company refers.

    In addition, the platform includes built-in validation mechanisms, combining automated consistency checks with expert review, to support data quality and completeness. The resulting

    assessment provides both a consolidated evaluation and identified improvement areas. This structured feedback supports internal review of sustainability practices and informs the Group's ongoing development of ESG-related processes and disclosures.

    ‌Stakeholder engagement GRI 2-23, GRI 2-29

    Stakeholder engagement within the Group is understood as a governance mechanism that supports risk identification, informed decision-making, and long-term operational stability. Structured dialogue with relevant stakeholders allows companies to identify emerging concerns, assess regulatory and market developments, and adapt business practices where necessary. In sectors such as ICT, where technological change and compliance requirements evolve rapidly, stakeholder input contributes to more responsive and resilient management processes. Transparent communication practices also support accountability and reinforce trust in corporate conduct.

    Seven out of eleven companies have established formal procedures for periodic stakeholder consultation. These processes are intended to ensure that stakeholder perspectives are considered within strategic and operational decisions. The scope and frequency of engagement differ across stakeholder categories. Most companies conduct regular consultations with employees (Seeweb Srl, DHH Switzerland SA, Webtasy doo, mCloud doo, Plus Hosting Grupa doo, System Bee doo), while fewer maintain structured engagement with clients (Seeweb Srl, Webtasy doo, Plus Hosting Grupa doo, System Bee doo), local communities (DHH SpA, Plus Hosting Grupa doo), or suppliers (DHH Switzerland SA, Plus Hosting Grupa doo). Plus Hosting Grupa doo is the only entity reporting systematic engagement across all four stakeholder groups. This broader consultation framework supports more comprehensive oversight of value chain relationships and external expectations.



    SDGs: UN's sustainable development goals

    On 25 September 2015, the 193 Member States of the United Nations adopted the 2030 Agenda for Sustainable Development. The Agenda defines 17 Sustainable Development Goals (SDGs) and 169 targets intended to guide global action on economic development, social inclusion, and environmental protection. The SDGs provide a common framework that organisations may use to assess how their activities relate to internationally recognised priorities.

    The DHH Group uses the SDGs as a reference point when reviewing its sustainability activities and community initiatives. Rather than treating the Goals as a separate programme, the Group considers their relevance in the context of its existing operations, services, and governance structures. This approach supports clearer positioning of reported activities within a recognised

    global framework and improves consistency in sustainability disclosures. The Sustainable Development Goals considered relevant to the organisation are the following:

  • #4 Quality education (social)

  • #5 Gender equality (social)

  • #8 Decent work and economic growth (social)

  • #9 Industry, innovation, and infrastructure (governance)

  • #10 Reduced inequalities (social)

  • #11 Sustainable cities and communities (environmental)

  • #12 Responsible consumption and production (environmental)

DHH and SDGs

The Synesgy questionnaire provided DHH with a defined methodology for identifying and evaluating material sustainability topics. The process supported a systematic review of environmental, social, and governance aspects relevant to the Group's operations and stakeholder expectations.

By incorporating portfolio companies' input into the assessment, the questionnaire facilitated structured data collection for the reporting period and helped prioritise the most relevant issues. This approach contributed to greater consistency in disclosures and improved the efficiency of sustainability reporting processes.

The assessment confirmed that the Group's activities are aligned with selected United Nations Sustainable Development Goals, in particular SDG 4 (Quality Education) and SDG 11 (Sustainable Cities and Communities). The Group identified areas where its operations and community initiatives contribute to educational access and local development.

The integration of SDG priorities into the Group's sustainability framework provides a reference point for monitoring social impact and aligning future initiatives with recognised international objectives.

‌Environment GRI 302-1

The ICT sector is associated with several material environmental topics, particularly energy consumption, GHG emissions, and electronic waste generation. These impacts arise across the lifecycle of ICT products and services, including data centre operations, network infrastructure, device manufacturing, product use, and end-of-life treatment. As digitalisation expands, the scale and relevance of these topics continue to increase for many organisations operating in the sector.

Managing these impacts requires structured environmental management approaches. Common areas of focus within the industry include improving data centre efficiency, reducing unnecessary or idle energy consumption of devices and equipment, and strengthening e-waste handling and treatment practices. Companies may address these topics through operational

controls, supplier engagement, and product design considerations that support durability, repairability, and responsible end-of-life treatment. Such measures are relevant for reducing environmental impacts while maintaining service reliability and operational continuity.

Energy sourcing is another relevant factor in the sector's environmental performance. Many ICT companies assess opportunities to increase the share of renewable energy in their electricity consumption, including electricity generated from sources such as solar or wind. The feasibility and pace of this transition depend on market availability, regulatory frameworks, and infrastructure in the regions where companies operate.

From a reporting perspective, these topics are increasingly linked to regulatory developments, stakeholder expectations, and voluntary disclosure frameworks. As a result, many ICT companies monitor energy use, emissions, and waste-related indicators to inform decision-making and external reporting. Strengthening data quality and transparency in these areas can support risk management, compliance preparedness, and informed stakeholder dialogue.

Energy consumption

Energy consumption is a material topic for many organisations in the ICT sector due to the electricity required to operate data centres, networks, office facilities, and connected devices. Energy use occurs across both direct operations and the broader value chain, including outsourced data services and product use phases. As digital services expand, managing energy demand becomes increasingly relevant for controlling operational costs and associated greenhouse gas emissions.

Companies typically address this topic through energy monitoring and management practices, efficiency improvements in infrastructure and equipment, and procurement decisions that consider energy performance. Measures such as optimising server utilisation, improving cooling efficiency, upgrading to energy-efficient hardware, and applying power management settings can contribute to more efficient energy use. Tracking and reviewing energy consumption data over time supports operational planning, identification of efficiency opportunities, and transparency in external reporting. Energy performance is also influenced by local energy markets, regulatory frameworks, and grid energy mixes, which organisations may consider when defining energy-related targets or initiatives.

Across DHH Group, total electricity consumption during the reporting year amounted to 11,387,017 kWh, representing an increase of 10.2% compared to 2024. The year-on-year change in electricity consumption is primarily associated with the Group's business growth, including an expanded customer base and increased delivery of services.

Electricity consumption varies across entities within the Group, reflecting differences in operational scale and business models.

Smaller entities such as DHH SpA and Tophost Srl have limited direct energy use, each employing two individuals and largely relying on external office spaces. As a result, no direct office-related electricity consumption is reported for these teams. Where remote work

arrangements are in place, associated household energy use is not included in organisational energy consumption data unless otherwise specified in the reporting boundary.

In contrast, larger subsidiaries, including Evolink EAD, Seeweb Srl, Connesi SpA, Plus Hosting Grupa doo, and Webtasy doo, operate more energy-intensive activities, such as data centre and digital infrastructure services. These operations account for the majority of the reported electricity consumption due to the continuous power requirements of servers, cooling systems, and supporting infrastructure.

Company name

Total electricity consumed (kWh)

Energy coming from fossil fuels (%)

Total surface used in operations (m² of offices, factories, plants, warehouses, land, etc.)

DHH SpA

-

-

-

Tophost Srl

-

-

-

Evolink EAD

2,183,500

5%

1,325

Seeweb Srl

8,248,459

-

5,400

Connesi SpA

378,066

52%

1,200

DHH Switzerland SA

14,500

20%

100

Webtasy doo

185,000

-

270

mCloud doo

51,680

-

120

Plus Hosting Grupa doo

288,000

-

250

System Bee doo

4,100

75%

90

Teknonet Srl

33,712

-

290

Table 1. Energy consumption across DHH Group.

Across DHH Group, five companies report electricity procurement completely reliant on renewable energy sources.

Connesi SpA and System Bee doo show a different sourcing pattern, with their energy supply still dominated by non-renewable inputs. Fossil fuels account for roughly 52% and 75% of total energy use, respectively, indicating continued exposure to conventional energy sources.

Over the reporting period, DHH Switzerland SA recorded a measurable change in its energy profile. The proportion of fossil-based energy declined from 50% to 20% in 2025, suggesting a partial rebalancing of its energy mix compared with the previous year.

Seeweb continues to support the transition toward lower-carbon digital infrastructure as a verified green provider by The Green Web Foundation, which promotes renewable energy use in the IT sector. The company is also a member of the Climate Neutral Datacenter Pact, committing to the climate neutrality of data centres by 2030. Its data centre operations include measures to improve energy efficiency, manage electrical components effectively, conserve water, and reuse waste heat where feasible. Seeweb reports compliance with the Do No Significant Harm (DNSH) principle since 2024 through the use of certified renewable energy and adherence to energy efficiency standards.

Emissions

Greenhouse gas (GHG) emissions in the ICT sector are primarily associated with data centre operations, manufacturing activities, and the end-of-life treatment of electronic devices. These emissions are classified as Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (other indirect emissions occurring across the value chain, including supply chain activities and product use).

Within the sector, significant emission sources typically include energy-intensive data centres and the electricity consumption of products during their use phase. The Group addresses climate-related impacts through measures such as improving energy efficiency, increasing the share of renewable energy in its energy mix where feasible, and supporting responsible end-of-life management of products. These efforts contribute to the management of climate-related risks and align with evolving regulatory and market expectations.

Evolink EAD took steps to replace light bulbs with low-consumption lighting sources. The company also purchased a certificate for the use of green electricity in 2025 in the amount of 1,000 MWh. Evolink EAD's goal is to purchase necessary quantities of green energy every following year.

Seeweb Srl is implementing measures to reduce the carbon footprint associated with HVAC systems used in its data centres.

DHH Switzerland has outlined planned investments in photovoltaic systems, heat pump boilers, and reusable tableware to support its sustainability objectives.

Tophost states that its hosting services are powered by renewable energy and are designed to reduce environmental impact through energy-efficient infrastructure and responsible data centre operations.

Connesi SpA disclosed that the company was committed to reducing its environmental impact through future actions. The company had installed a heat pump system, a 20 kWh photovoltaic system, and has been using a fully electric car fleet for years, and is currently developing a Sustainability Balance Sheet.

Teknonet Srl reported updating systems with products that have a lower energy impact.

At present, the Group's companies do not conduct GHG emissions measurements. The organisation recognises the relevance of GHG emissions management and is evaluating potential approaches for future assessment and disclosure.

Although implementation differs among companies, these measures indicate an increasing integration of sustainability considerations within the Group and continued efforts to strengthen environmental performance and operational resilience.

Waste GRI 306-3

The rapid turnover of electronic equipment in the ICT sector has increased the significance of electronic waste (e-waste) management as a material sustainability topic. E-waste may contain hazardous substances which, if not properly managed, can pose risks to the environment and human health.

The Group addresses these risks through a structured e-waste management approach that includes responsible recycling practices, product procurement measures focused on facilitated disassembly and material recovery, and programs that extend product lifecycles through repair and refurbishment. By implementing targeted resource efficiency and waste management measures, the Group seeks to reduce e-waste generation, improve material recovery, and contribute to responsible environmental management within the sector.

Company name

Total waste produced in 2025 (tonnes)

Promoting waste separation

Paper

Plastic

Glass

Electronic components/ computer material

DHH SpA

0

-

-

-

-

Tophost Srl

0

-

-

-

-

Evolink EAD

2

Yes

Yes

No

Yes

Seeweb Srl

4.9

Yes

Yes

Yes

Yes

Connesi SpA

5.6

Yes

Yes

No

Yes

DHH Switzerland SA

1

Yes

Yes

Yes

Yes

Webtasy doo

0

-

-

-

-

mCloud doo

0.4

Yes

Yes

Yes

Yes

Plus Hosting Grupa doo

3.88

No

No

No

No

System Bee doo

0.4

Yes

Yes

Yes

Yes

Teknonet Srl

4

Yes

Yes

Yes

Yes

Table 2. DHH Group's waste management practices.

During the reporting year, the Group collectively generated 22.18 tonnes of waste, with Connesi SpA and Seeweb Srl accounting for the largest shares at 5.6 and 4.9 tonnes, respectively. This year-over-year increase in waste quantity is attributable to Teknonet Srl joining the group. On the other hand, Evolink EAD and Seeweb Srl reduced waste quantity in 2025 by 0.5 and 0.2 t, respectively.

In addition, Evolink EAD reported having waste separation for rechargeable batteries, and Seeweb Srl also sorts the humid fraction from human consumption, chemical office materials (toner), electronics and computer equipment and parts.

Within the Group, seven of the eleven companies actively implement separate waste collection, ensuring the segregation and recycling of paper, plastic, glass, and electronic components. These initiatives highlight the Group's dedication to effective and responsible waste handling.

‌People

GRI 2-7, GRI 2-8, GRI 2-23, GRI 403-1, GRI 403-9, GRI 405-1, GRI 405-2 Employment

During the reporting year, DHH Group employed 205 individuals across the Adriatic region. This represents a net increase of 18 employees compared to the prior reporting period. The change in headcount is partly attributable to the integration of Teknonet Srl into the Group's structure and partly to recruitment activities undertaken during the year to support operational needs.

Employment-related practices at DHH Group are informed by internal policies and procedures addressing employment stability, employee development, and working conditions. These frameworks guide workforce planning, training opportunities, and workplace standards across relevant operations.

DHH Group monitors workforce composition and employment trends to support human capital planning and to maintain alignment between staffing levels and business activities. Where relevant, the Group reviews employee-related indicators to inform future workforce decisions.

The gender composition of the Group's workforce and leadership remained broadly consistent compared to the previous reporting period. During the reporting year, the organisation recorded an increase of 3 female managers.

Directors: 86% men, 14% women (6 males, one female; 7 directors in total)

Managers: 61% men, 39% women (14 males, 9 females, 23 managers in total)

Total employees: 73% men, 27% women (150 males, 55 females; 205 employees in total, including apprentices / self-employed)

The Group reports that the majority of its workforce is employed on a full-time basis, reflecting an emphasis on employment stability and continuity. The organisation considers stable employment to be relevant to workforce well-being and local economic participation in the communities where it operates.

The Group's recruitment, selection, and talent development processes are structured to

support its organisational values, culture, and long-term business objectives.

Connesi SpA, Evolink EAD, Seeweb Srl, and Teknonet Srl currently employ individuals from protected classes and underrepresented groups (2.44%, 2.86%, 3%, and 6% respectively). This represents an increase compared to the previous reporting year, as Evolink EAD employed individuals from underrepresented groups in the current year, while no such representation was recorded previously.

While representation levels remain limited, the Group recognises workforce diversity as a relevant topic and continues to assess opportunities to strengthen inclusion over time. Related

measures are intended to support fair and equitable workplace practices and to provide employees across entities with benefits aligned to local contexts and workforce needs.

Company name

Number of Directors

Number of Managers

Number of Office Workers

Number of Workers

Number of Apprentices

Self-employed

DHH SpA

-

1

-

-

-

-

Tophost Srl

-

-

1

-

-

-

Evolink EAD

-

3

7

-

-

-

Seeweb Srl

1

1

7

-

-

-

Connesi SpA

-

1

8

-

-

-

DHH Switzerland SA

-

1

1

-

-

-

Webtasy doo

-

1

5

-

-

-

mCloud doo

-

1

3

-

-

-

Plus Hosting Grupa doo

-

-

8

-

-

-

System Bee doo

-

-

-

-

-

-

Teknonet Srl

-

-

4

-

-

1

Table 3. Number of female employees (including apprentices / self-employed).

Company name

Number of Directors

Number of Managers

Number of Office Workers

Number of Workers

Number of Apprentices

Self-employed

DHH SpA

-

-

1

-

1

-

Tophost Srl

-

-

1

-

-

-

Evolink EAD

-

4

21

-

-

-

Seeweb Srl

-

5

22

2

1

-

Connesi SpA

2

2

13

13

2

1

DHH Switzerland SA

1

2

4

-

-

-

Webtasy doo

1

1

17

-

-

-

mCloud doo

-

-

3

-

-

-

Plus Hosting Grupa doo

1

-

15

-

-

-

System Bee doo

-

-

3

-

-

-

Teknonet Srl

1

-

10

-

-

-

Table 4. Number of male employees (including apprentices / self-employed).

Employee retention and wages

As in the previous reporting year, the same six companies conducted regular employee satisfaction assessments in 2025 (Seeweb Srl, DHH Switzerland SA, Webtasy doo, mCloud doo, Plus Hosting Grupa doo, System Bee doo). These assessments form part of the Group's human capital monitoring processes and provide structured feedback on engagement, workplace conditions, and organisational culture. At DHH SpA, employee retention remained a management focus, supported by targeted engagement measures, internal development opportunities, and structured performance dialogue aimed at maintaining workforce continuity and motivation.

During the reporting year, 39 new employees joined the Group, including 16 at Seeweb and 6 at Webtasy and Plus Hosting Grupa each. Workforce numbers changed over the course of the year due to recruitment, turnover, and internal organisational adjustments. As of 31 December 2025, DHH Group reported a total workforce of 199 employees, not including apprentices / self-employed workers. The table below presents year-on-year workforce movements and the headcount at year-end.

Company name

Employees who joined

Employees who left

The final number of employees as of 31 12 2025

DHH SpA

2

2

2

Tophost Srl

-

-

2

Evolink EAD

4

4

35

Seeweb Srl

16

10

38

Connesi SpA

2

-

39

DHH Switzerland SA

1

-

9

Webtasy doo

6

4

25

mCloud doo

-

-

7

Plus Hosting Grupa doo

6

6

24

System Bee doo

1

2

3

Teknonet Srl

1

2

15

Table 5. Employee turnover in 2025. The number of employees does not include the apprentices / self-employed.

Across the Group, the majority of employees are engaged under permanent employment contracts (88%-100%), reflecting a stable employment structure and supporting long-term organisational capability. Only three portfolio companies have employees on part-time (Connesi SpA with 15%, and Teknonet Srl with 6%) and fixed-term (Webtasy doo with 12%) contracts.

Company name

Permanent

Fixed-Term

Part-time

DHH SpA

100%

-

-

Tophost Srl

100%

-

-

Evolink EAD

100%

-

-

Seeweb Srl

100%

-

-

Connesi SpA

100%

-

15%

DHH Switzerland SA

100%

-

-

Webtasy doo

88%

12%

-

mCloud doo

100%

-

-

Plus Hosting Grupa doo

100%

-

-

System Bee doo

100%

-

-

Teknonet Srl

100%

-

6%

Table 6. Number of employees according to the type of contract.

DHH maintains a remuneration framework designed to support fair and competitive compensation practices across the Group. Compensation levels are determined based on defined criteria, including role responsibilities, qualifications, professional experience, and

performance outcomes. Salary structures and variable components are reviewed periodically to ensure alignment with market benchmarks and internal equity considerations.

Within DHH, remuneration policies are designed to attract and retain qualified professionals in technology and cloud computing, where labour market competition remains strong. Compensation packages include fixed and variable components governed by documented policies, with oversight processes in place to support internal consistency and equal treatment.

The companies within the Group provide a range of employee benefits designed to support well-being and work-life balance. All eleven companies offer flexible working arrangements, including adjustable working hours and remote work options, subject to operational requirements.

At eight companies, production-based bonuses form part of the remuneration structure, linking performance outcomes to additional compensation. Three companies, Evolink EAD, Seeweb Srl, and Teknonet Srl, have also established partnerships with local service providers, enabling employees to access fuel vouchers, retail discounts, or similar benefits. Additional health insurance coverage is provided by two companies, Evolink EAD and mCloud doo, supplementing statutory entitlements.

Furthermore, Connesi SpA and Teknonet Srl maintain measures to support shared caregiving responsibilities, including parental leave arrangements designed to encourage greater participation of men in family-related leave. These measures form part of the Group's broader approach to employee support and equal opportunity.

Teknonet Srl offers liability car insurance policies for employees. Webtasy doo covers 50% of the surcharge on nearby car garage parking, and offers free quarterly massages for employees, and weekly free pizza.

In addition to non-wage benefits, the Group monitors remuneration outcomes to assess pay equity across its workforce. For context, the unadjusted gender pay gap across the EU is approximately 12% according to the latest Eurostat data, while seven of the Group's companies reported no identified gender pay gap within their most represented professional category.

Among the four companies that identified a gender pay gap, the reported differences ranged between 4% and 75%. These figures reflect differences in average remuneration between male and female employees within comparable occupational groups.

In addition, remuneration dispersion was assessed through the ratio of the highest individual salary to the median employee salary. Across the Group, this ratio ranged from 1 to 3.43 times at the company level, with a consolidated average of 2 times. This metric provides an indication of internal pay distribution and overall compensation structure within the reporting entities.

Operational health and safety GRI 403-1, GRI 403-9

The Group maintains occupational health and safety management practices aimed at providing safe and appropriate working conditions across all entities. Workplace safety requirements are implemented in accordance with applicable national regulations, and facilities are subject to periodic internal oversight to ensure compliance. In addition to physical safety measures, the Group supports employee well-being through policies addressing workload, working time, and workplace conduct.

Over the past ten years, no portfolio companies have recorded any workplace fatalities. During the last five reporting years, no work-related incidents have been reported across the Group. These figures reflect a low incident frequency relative to overall workforce exposure.

In 2025, no company reported lost workdays resulting from work-related commuting accidents. Across DHH, employees worked a total of 339,108 hours during the reporting period. This increase is attributed to Teknonet Srl joining the group in April 2025. Working time arrangements are structured to comply with labour legislation and are monitored to support occupational health and employee well-being.

Training

GRI 403-5, GRI 404-2

The Group integrates training and professional development into its human capital management practices. Learning initiatives are aligned with role requirements, regulatory obligations, and technological developments to maintain workforce competence and support operational continuity. Training programmes address sector-specific standards, compliance requirements, and emerging digital practices relevant to the Group's activities.

In 2025, all companies provided formal training programmes to their employees. Training topics included data protection and privacy regulations, occupational health and safety, and digital technologies relevant to sustainable business operations. The key training areas and their respective coverage across the Group are outlined below.

  • Conducted at one company: Anti-corruption training;

  • Conducted at 2 companies: Sustainable development: new paradigm and UN 2030 Agenda, the main environmental, social, and economic goals;

  • Conducted at 3 companies: Sustainable transformation: what it consists of, opportunities and risks, what it means for a company; New production and consumption models (e.g. green economy and circular economy);

  • Conducted at 4 companies: Main environmental issues (e.g. fight against waste of materials and natural resources, waste management, water resources management, energy efficiency, etc.);

  • Conducted at 7 companies: Digital innovation for sustainable transformation;

  • Conducted at 8 companies: Privacy (e.g. GDPR, Laws and Acts on Data Protection)

  • Conducted at 9 companies: Healthcare and Workplace safety;

Once again, Connesi SpA organised a training on the fight against corruption relating to the introduction of the 231 organisational model. mCloud doo organised a module on time management skills and assertive communication.

Across DHH, employees completed a total of 2,179 training hours during the reporting period. The table below presents the aggregate training hours recorded by each company.

Company name

Hours devoted to training

DHH SpA

10

Tophost Srl

8

Evolink EAD

286

Seeweb Srl

1,360

Connesi SpA

60

DHH Switzerland SA

396

Webtasy doo

3

mCloud doo

32

Plus Hosting Grupa doo

10

System Bee doo

10

Teknonet Srl

4

Total

2,179

Table 7. Details on training hours in 2025 for the DHH Group.

‌Network and region GRI 203-1, GRI 413-1

Local community

Engagement with local communities forms part of the Group's broader approach to responsible business conduct. DHH recognises that its activities can affect local economic and social environments and therefore maintains dialogue with stakeholders across the regions where it operates.

Active community engagement enables local stakeholders to express perspectives that may inform corporate decisions and operational practices. Structured communication and participation in local initiatives support constructive relationships and help align business activities with regional priorities. This approach contributes to social cohesion and reinforces responsible corporate governance.

During the reporting year, six companies (DHH SpA, Seeweb Srl, Connesi SpA, DHH Switzerland SA, Plus Hosting Grupa doo, and Teknonet Srl) provided financial contributions to support community-based initiatives and local development activities in the areas where the Group operates.