FACC : Financial Report 2026 Q1 (facc interim report q1 2026 1)

About this update from Facc Ag

INTERIM REPORT Q1 2026 ‌Q1 2026 - HIGHLIGHTS FACC is developing and manufacturing new cabin components for the Embraer Praetor 600E and Praetor 500E FACC has been selected by Embraer to develop and manufacture new interior components for the new Praetor 600E and 500E business jets. FACC is setting up a new high-tech plant in Upper Austria By 2030, FACC plans to invest around EUR 350 million in new technologies and the expansion of its global sites in order to ramp up existing projects and secure new client projects. A key focus is on the company's Upper Austrian site: in St. Martin im Innkreis, a new high-tech plant for large-scale structural components (e.g. elevators and ailerons) is being built on a site covering approximately 20,000 m 2 . Around EUR 120 million is being invested in this undertaking. The project also includes a dedicated research division for future manufacturing technologies for the next generation of aircraft. Construction is scheduled to begin at the end of 2026, with commissioning planned for mid-2028, and full capacity is expected to be reached by the end of 2029. By 2030, approximately 300 new employees will be required for this expansion alone. Revenue growth Revenue grew from EUR 231.0 million in the first quarter of 2025 to EUR 258.2 million in the first quarter of 2026, representing an increase of 11.8 percent. Operating profit also improved relative to the first quarter of 2025, increasing from EUR 4.3 million to EUR 9.7 million. ‌Selected Group Key Performance Indicators 01.01.2025- 31.03.2025 in EUR mill. 01.01.2026- 31.03.2026 in EUR mill. Revenues 231.0 258.2 thereof Aerostructures 87.3 88.4 thereof Engines & Nacelles 43.8 44.1 thereof Interiors 99.9 125.6 Earnings before interest, taxes, depreciation and amortization (EBITDA) 1) 13.0 19.5 Earnings before interest and taxes (EBIT) 4.3 9.7 thereof Aerostructures 1.5 4.1 thereof Engines & Nacelles 6.3 4.8 thereof Interiors -3.5 0.8 EBIT margin 1.9% 3.7% Earnings after taxes 0.5 7.0 Earnings per share (in EUR) 0.01 0.15 31.03.2025 in EUR mill. 31.03.2026 in EUR mill. Cash flow from operating activities 10.1 12.1 Cash flow from investing activities -6.6 -3.2 31.03.2025 in EUR mill. 31.03.2026 in EUR mill. Net working capital 165.8 184.5 Net financial debt 244.1 212.7 Equity ratio 31.6% 35.9% Balance sheet total 712.3 680.7 Headcount (as at the balance sheet date) 3,896 4,017 01.01.2025- 31.03.2025 in EUR mill. 01.01.2026- 31.03.2026 in EUR mill. Trading volume 3.951.858 10.129.184 Average daily trading volume 62.728 160.781 Yearly high 7.88 15.72 Yearly low 5.96 10.72 Closing price 7.36 12.96 Performance of period 18.3% 11.7% Market capitalization 337.0 593.4 1) EBITDA is calculated as the sum of earnings before interest and taxes (EBIT), plus depreciation, amortization, write-downs, and the amortization of contract fulfillment costs. ‌Revenue and earnings development Q1 2025 in EUR mill. Q1 2026 in EUR mill. Change Revenues 231.0 258.2 11.8% Earnings before interest and taxes (EBIT) 4.3 9.7 125.2% EBIT margin 1.9% 3.7% 101.5% Assets 712.2 680.7 -4.4% Investments of the period 6.7 3.2 -52.3% FACC was able to increase its revenue by 11.8 percent relative to the previous year. Group revenue in the first three months of 2026 amounted to EUR 258.2 million (comparative period 2025: EUR 231.0 million). The revenue drivers in the area of product sales remain unchanged compared to previous periods. Projects related to the Airbus A320 family continue to make the largest contribution to growth. With a share of 17.4 percent of total revenue in the first quarter, the business jet programs with Bombardier and Embraer rank second. Projects in the wide-body segment, particularly those involving the Airbus A350, are also progressing well. The gross profit margin for the first three months of 2026 stood at 9.9 percent (comparative period 2025: 9.3 percent). The Cost Reduction and Efficiency Improvement Program (CORE) is still being implemented. Reported earnings before interest and taxes (EBIT) amounted to EUR 9.7 million in the first three months of 2026 (comparative period 2025: EUR 4.3 million). The first quarter of the 2026 financial year (1 January - 31 March) progressed positively and in line with management expectations. ‌SEGMENT REPORTING ‌Aerostructures Q1 2025 in EUR mill. Q1 2026 in EUR mill. Change Revenues 87.3 88.4 1.3% Earnings before interest and taxes (EBIT) 1.5 4.1 175.1% EBIT margin 1.7% 4.7% 171.6% Assets 277.2 239.2 -13.7% Investments of the period 3.5 1.8 -47.8% Revenue in the Aerostructures segment amounted to EUR 88.4 million in the first three months of 2026 (comparative period 2025: EUR 87.3 million). The Aerostructures segment is profiting from the increase in production rates for all aircraft, particularly in the short-and medium-haul aircraft segment such as the Airbus A320 and A220, and in the long-haul segment, which includes the Airbus A350. Earnings before interest and taxes (EBIT) amounted to EUR 4.1 million in the first three months of 2026 (comparative period 2025: EUR 1.5 million). ‌Engines & Nacelles Q1 2025 in EUR mill. Q1 2026 in EUR mill. Change Revenues 43.8 44.1 0.8% Earnings before interest and taxes (EBIT) 6.3 4.8 -23.9% EBIT margin 14.3% 10.8% -24.5% Assets 129.2 138.5 7.2% Investments of the period 1.3 1.2 -12.0% Revenue in the Engines & Nacelles segment amounted to EUR 44.1 million in the first three months of 2026 (comparative period 2025: EUR 43.8 million). In this area, the increased demand for components for the Airbus A350 and Boeing B787 deserves special mention. Earnings before interest and taxes (EBIT) in the Engines & Nacelles segment amounted to EUR 4.8 million in the first three months of 2026 (comparative period 2025: EUR 6.3 million). ‌Cabin Interiors Q1 2025 in EUR mill. Q1 2026 in EUR mill. Change Revenues 99.9 125.6 25.8% Earnings before interest and taxes (EBIT) -3.5 0.8 77.4% EBIT margin -3.5% 0.6% 82.1% Assets 305.8 302.9 -0.9% Investments of the period 1.9 0.2 -88.6% Revenue in the Cabin Interiors segment amounted to EUR 125.6 million in the first three months of 2026 (comparative period 2025: EUR 99.9 million). The Cabin Interiors segment is also profiting from the increase in production rates for all aircraft, particularly in the short- and medium-haul aircraft segment such as the Airbus A320 and in the business jet segment. Earnings before interest and taxes (EBIT) in the Cabin Interiors segment amounted to EUR 0.8 million in the first three months of 2026 (comparative period 2025: EUR -3.5 million). ‌Net asset and financial position Inventories at the end of the first quarter 2026 stood at EUR 194.0 million (31 December 2025: EUR 175.7 million). In view of global developments, FACC continues to maintain higher inventory levels to ensure material availability. Trade receivables increased to EUR 79.9 million as of 31 March 2026, compared to EUR 68.8 million as of 31 December 2025. Cash and cash equivalents amounted to EUR 42.2 million as of 31 March 2026 (31 December 2025: EUR 52.7 million). Investments in the first three months of 2026 amounted to EUR 3.2 million (comparative period 2025: EUR 6.6 million). The company's net financial debt totaled EUR 212.7 million as of 31 March 2026 (31 December 2025: EUR 215.8 million). The share capital of the company amounts to EUR 45.8 million and is fully paid up. It is divided into 45,790,000 no-par value shares with a nominal value of EUR 1.00 each. ‌Financing instruments Promissory note loans ‌ On July 31, 2019, promissory note loans totaling kEUR 70,000 were issued. The individual tranches bear both fixed and variable interest rates and are due for repayment after five, seven, and ten years respectively. The financing agreements include an interest rate increase clause of 50 basis points if the net financial debt/EBITDA ratio exceeds 3.75. This interest clause was triggered in the 2020 financial year and ceased to apply from the 2024 financial year onwards. The ratio is tested annually. There is no termination right for the creditor. On July 31, 2024, promissory note loans totaling kEUR 24,000 were issued for the partial refinancing of the matured promissory note loans (in the amount of kEUR 24,500) from July 31, 2019. The individual tranches bear both fixed and variable interest rates and are due for repayment after three, five, and seven years respectively. The financing agreements include an interest rate reduction clause of 25 basis points if the net financial debt/EBITDA ratio falls below 3.5. Additionally, creditors have a termination right if the equity ratio is less than 20 percent. The ratios are tested annually as of December 31. The financial covenants for these promissory note loans were met as of December 31, 2025. The Group expects the covenants to be fulfilled annually to be met within the next 12 months after the reporting date. As of the balance sheet date, December 31, 2025, the promissory note loan of July 31, 2019, was recorded at kEUR 45,500 (previous year: kEUR 45,500), and the promissory note loan of July 31, 2024, at kEUR 24,000 (previous year: kEUR 24,000). ‌Liabilities to banks ‌ Syndicated loan The syndicated loan of kEUR 225,000, which was originally concluded on August 29, 2018, has been adjusted several times since then, most recently with five participating banks with effect from October 23, 2025. As of the balance sheet date, December 31, 2025, there are four facilities with different designated uses. Three of these facilities relate to OeKB programs. An OeKB participation financing facility originally amounting to kEUR 36,000, and an OeKB Exportinvest facility originally amounting to kEUR 33,526, were concluded as part of the amendment dated February 17, 2023. Both facilities mature on December 31, 2027. The OeKB Kontrollbank refinancing framework (KRR) in the amount of kEUR 50,000 was extended by one year until February 17, 2027, with effect from October 23, 2025. An OeKB Exportinvest facility originally amounting to kEUR 25,000, which formed part of the syndicated loan concluded on August 29, 2018, was repaid on June 30, 2025.The revolving credit facility with a volume of kEUR 95,500 was also extended by one year until February 17, 2027, effective as of October 23, 2025. FACC AG and FACC Solutions Croatia d.o.o. continue to act as guarantors. With the exception of the Kontrollbank refinancing framework and the participation financing facility, which are secured by receivables, all facilities are unsecured. The following financial covenants have been defined: 30.06.2026 31.12.2026 Net financial debt/EBITDA ≤ 3.5 ≤ 3.5 Equity ratio ≥ 25 % ≥ 25 % The financial covenants of the syndicated loan applying at the end of a respective year also apply as of June 30 of the same year (e.g. 3.5 applies on June 30, 2026 and on December 31, 2026) and are tested bi-annually. If the ratios are exceeded, creditors have a termination right. The Group expects the covenants to be fulfilled bi-annually to be met within the next 12 months after the reporting date. As of year-end 2025, the revolving credit line had been drawn down by kEUR 20,000 (previous year: kEUR 25,000), the Kontrollbank refinancing framework by kEUR 50,000 (previous year: kEUR 50,000), the investment financing facility by kEUR 19,200 (previous year: kEUR 24,800), and the export investment facility by kEUR 17,881 (previous year: kEUR 25,179). The syndicated loan matures in mid-February 2027 and December 2027, respectively. Based on current business developments, the FACC Group's plans, and regular discussions with banks, there are no indications that refinancing with existing financing partners will not be possible. ‌ Loans outside the syndicated loan includes an interest rate reduction clause of 30 basis points if the net financial debt/EBITDA ratio falls below 3.0, and an interest On September 17, 2024, a loan of kEUR 15,000 was taken out independently of the syndicated loan, but in accordance with the terms and conditions set forth therein, and was subsequently drawn down in full. The tranche bears a variable interest rate and is due for repayment after three years. The financing agreement ‌Outlook The civil aviation market The global aviation industry is set to maintain its growth trajectory in 2026, with demand for new aircraft remaining high. The resulting increase in production rates at OEMs continues to support positive market trends across all relevant aircraft programs. In particular, the short- and medium-haul segments, as well as the steady rise in production rates for long-haul platforms, are fueling overall growth. At the same time, the market environment is shaped by ongoing volatility. Besides structural challenges in global supply chains, geopolitical tensions in particular are adding an additional layer of uncertainty. The current conflict in Iran is weighing heavily on air traffic due to airspace restrictions, rising energy prices, and potential fluctuations in demand. These factors may have a temporary dampening effect on aircraft deliveries in 2026, without, however, fundamentally altering the industry's long-term growth prospects. Overall, a continuing growth trend is expected for the 2026 financial year, although the market conditions are expected to remain challenging. FACC Group FACC got off to a strong operational start in the 2026 financial year, reporting significant increases in both revenue and earnings in the first quarter. This development confirms the company's growing operational scaling and the effectiveness of its efficiency measures implemented. FACC is benefiting, in particular, from high and steadily increasing production rates for all high-volume programs. rate increase clause if the net financial debt/EBITDA ratio exceeds 4.5. As of year-end 2025, this bilateral loan had been drawn down by kEUR 15,000 (previous year: kEUR 15,000). The Cost Reduction and Efficiency Improvement Program CORE is producing tangible results and will continue to be implemented consistently. CORE is increasingly contributing to improving FAC-C's operating profitability. The Group's financial position has continued to stabilize as planned. An improved equity ratio, reduced net debt, and a positive operating cash flow are strengthening the company's financial flexibility and providing a solid foundation for future growth. FACC continues to make targeted investments in expanding its production capacities and technologies in order to meet future customer requirements and secure long-term growth potential. The planned expansion of its sites will strengthen the Group's strategic positioning and international competitiveness. Customer orders on hand confirm management's growth fore- casts, even after some adjustments to demand in response to the Iran crisis and bottlenecks in several OEM supply chains during the first quarter of 2026. Despite the conflict in Iran and the resulting potential impact on the aviation industry in 2026, management confirms the current outlook for the 2026 financial year and anticipates revenue growth in the range of 5 to 15 percent, as well as a further improvement in operating profit (EBIT). This forecast is based on currently available customer planning data. The high degree of uncertainty regarding projected revenue growth is attributable to the turbulent global environment-par-ticularly regarding the conflict in Iran and its further progression. ‌Consolidated Profit and Loss Statement ‌for the period from 1 January 2026 to 31 March 2026 01.01.2025 - 31.03.2025 EUR'000 01.01.2026 - 31.03.2026 EUR'000 Revenues 230.955 258.180 COGS - Cost of goods sold -209.446 -232.716 Gross profit 21.508 25.464 Research and technology expenses -714 -799 Selling expenses -2.113 -2.234 Administration expenses -16.373 -15.222 Other operating income 2.181 3.630 Other operating expenses -202 -1.183 Earnings before interest and taxes (EBIT) 4.288 9.657 Financing expenses -4.212 -4.598 Other financial result 680 649 Financial result -3.533 -3.948 Earnings before taxes (EBT) 755 5.708 Income taxes -215 1.339 Earnings after taxes 540 7.047 Undiluted (=diluted) earnings per share (in EUR) 0,01 0,15 Issued shares 45.790.000 45.790.000 ‌Consolidated Statement of Comprehensive Income ‌for the period from 1 January 2026 to 31 March 2026 01.01.2025 - 31.03.2025 EUR'000 01.01.2026 - 31.03.2026 EUR'000 Earnings after taxes 540 7.047 Currency translation differences from consolidation -286 106 Cash flow hedges 13.369 -14.297 Cost of hedging -1.696 -693 Tax effect -2.685 3.448 Items subsequently reclassified to profit and loss 8.702 -11.436 Revaluation effects of termination benefits 59 13 Fair value measurement of securities (fair value through other comprehensive income) -6 -5 Tax effect -12 -2 Items not subsequently reclassified to profit and loss 42 5 Other comprehensive income after taxes 8.744 -11.431 Total comprehensive income 9.284 -4.383 ‌Consolidated Statement of Financial Position ‌as of 31 March 2026 ASSETS As of 31.12.2025 EUR'000 As of 31.03.2026 EUR'000 Intangible assets 8.281 7.988 Property, plant and equipment 173.424 170.795 Receivables from customer-related engineering 26.418 26.530 Contract assets 5.856 5.993 Contract costs 38.348 35.064 Other financial assets 455 450 Other receivables 11.331 11.432 Deferred taxes 26.572 32.018 Non-current assets 290.686 290.270 Inventories 175.670 194.048 Customer-related engineering 22.120 18.925 Trade receivables 68.849 79.921 Receivables from related companies 33.699 20.163 Current tax income receivables 293 514 Derivative financial instruments 10.036 376 Other receivables and deferred items 27.726 34.251 Cash and cash equivalents 52.749 42.221 Current assets 391.142 390.420 Balance sheet total 681.828 680.690 EQUITY AND LIABILITIES As of 31.12.2025 EUR'000 As of 31.03.2026 EUR'000 Share capital 45.790 45.790 Capital reserve 221.459 221.459 Currency translation reserve -1.359 -1.253 Other reserves -216 -11.752 Retained earnings -16.678 -9.631 Equity 248.996 244.613 Promissory note loans 26.500 26.500 Lease liabilities 59.482 57.885 Other financial liabilities 41.265 41.316 Derivative financial instruments 0 5.296 Investment grants 4.383 4.757 Employee benefit obligations 10.818 11.004 Other liabilities 3.337 1.707 Deferred tax liabilities 105 108 Non-current liabilities 145.891 148.573 Promissory note loans 43.000 43.000 Lease liabilities 10.881 11.098 Other financial liabilities 87.415 75.125 Derivative financial instruments 1 7.325 Contract liabilities from customer-related engineering 12.111 12.466 Trade payables 89.947 94.750 Liabilities from related companies 20.203 11.345 Investment grants 969 969 Income tax liabilities 1.481 2.109 Other provisions 3.725 663 Other liabilities and deferred items 17.207 28.654 Current liabilities 286.940 287.504 Balance sheet total 681.828 680.690 ‌Consolidated Statement of Changes in Equity ‌for the period from 1 January 2026 to 31 March 2026 Attributable to shareholders of the parent company Share capital EUR'000 Capital reserve EUR'000 Currency translation reserve EUR'000 As of 1 January 2025 45.790 221.459 -564 Earnings after taxes 0 0 0 Other comprehensive income after taxes 0 0 -286 Total comprehensive income 0 0 -286 As of 31 March 2025 45.790 221.459 -850 As of 1 January 2026 45.790 221.459 -1.359 Earnings after taxes 0 0 0 Other comprehensive income after taxes 0 0 106 Total comprehensive income 0 0 106 As of 31 March 2026 45.790 221.459 -1.253 Attributable to shareholders of the parent company Other reserves Securities - fair value through other comprehensive income EUR'000 Cost of hedging reserve EUR'000 Reserve for cash flow hedges EUR'000 Reserves IAS 19 EUR'000 Retained earnings EUR'000 Total equity EUR'000 -26 -1.883 -7.306 -3.766 -37.862 215.842 0 0 0 0 540 540 -5 -1.306 10.294 46 0 8.744 -5 -1.306 10.294 46 540 9.284 -30 -3.189 2.988 -3.720 -37.321 225.126 -24 -2.176 5.074 -3.090 -16.678 248.996 0 0 0 0 7.047 7.047 -4 -533 -11.008 10 0 -11.431 -4 -533 -11.008 10 7.047 -4.383 -28 -2.709 -5.934 -3.080 -9.631 244.613 ‌Consolidated Statement of Cash Flows ‌for the period from 1 January 2026 to 31 March 2026 01.01.2025 - 31.03.2025 EUR'000 01.01.2026 - 31.03.2026 EUR'000 Earnings before taxes (EBT) 755 5.708 Plus financial result 3.533 3.948 Earnings before interest and taxes (EBIT) 4.288 9.657 Plus/minus Depreciation, amortization and impairment 6.322 6.573 Amortization contract costs 2.440 3.284 Additions contract costs 0 0 Income from the reversal of investment grants -68 -76 Change in employee benefit obligations 279 199 Other non-cash expenses/income -822 -4 12.438 19.632 Change in working capital Change in inventory and customer-related engineering -8.380 -14.758 Change in trade receivables and other receivables, deferred items, receivables from customer-related engineering and contract assets -4.103 3.427 Change in trade payables and other liabilities 11.907 6.684 Change in current provisions -1.739 -3.063 Cash flow from ongoing activities 10.124 11.923 Interest received 198 209 Income taxes paid -175 -11 Cash flow from operating activities 10.148 12.121 Payments for the acquisition of non-current assets -6.705 -3.200 Proceeds from the disposal of non-current assets 94 0 Cash flow from investing activities -6.611 -3.200 Proceeds from interest-bearing liabilities 0 5.000 Repayments of interest-bearing liabilities 2.851 -17.290 Outflows from leasing agreements -2.688 -2.820 Interest paid -5.623 -4.692 Cash flow from financing activities -5.460 -19.803 Net changes in cash and cash equivalents -1.923 -10.882 Cash and cash equivalents at the beginning of the period 59.014 52.749 Effects from foreign exchange rates 2.707 355 Cash and cash equivalents at the end of the period 59.797 42.221 ‌Selected Notes to the Consolidated Financial Statements for the 1 st quarter of 2026 ‌NOTE WAIVER OF AUDIT REVIEW‌ The Condensed Consolidated Interim Financial Statement as of March 31, 2026, has been prepared in accordance with the rules and regulations of "Prime market - Section Interim Reports" of the Vienna Stock Exchange. The reporting currency is the Euro (EUR). All figures presented in the Condensed Consolidated Interim Financial Statement are quoted in thousands of euros (EUR'000), unless otherwise stated. Rounding errors may occur when adding rounded amounts and percentages due to the use of automated calculation aids. The present Consolidated Interim Financial Statement has neither been audited nor reviewed. Ried im Innkreis, May 6, 2026 Robert Machtlinger m. p. Chairman of the Management Board Florian Heindl m. p. Member of the Management Board Tongyu Xu m. p. Member of the Management Board ‌Investor Relations ‌BASIC INFORMATION ABOUT THE FACC SHARE ‌SHAREHOLDER STRUCTURE AND SHARE CAPITAL FACC AG's share capital amounts to EUR 45,790,000 and is divided into 45,790,000 no-par value shares. The Aviation Industry Corporation of China holds 55.5% of voting rights of FACC AG via AVIC Cabin System Co. Ltd (previously FACC International). The remaining 44.5% of shares are free float and are held by both international and Austrian investors. FACC AG did not hold any treasury shares at the end of the reporting period. International Securities Identification Number (ISIN) AT00000FACC2 Currency EUR Stock market Vienna (XETRA) Market segment Prime market (official trading) Initial listing 25.06.2014 Issue price 9.5 EUR Paying agent ERSTE GROUP Indices ATX, ATX GP, ATX IGS, ATX Prime, WBI Share class Ordinary shares Ticker symbol FACC Reuters symbol FACC.VI Bloomberg symbol FACC AV Shares outstanding 45,790,000 shares 44.5% Free float 55.5% AVIC Cabin Systems Co., Limited ‌CONTACT Tanja Maisenberger Director Investor Relations Phone +43 59 616 1320 Mobile +43 664 80 119 1320 [email protected] FACC AG Fischerstraße 9 A-4910 Ried im Innkreis P: +43 59 616-0 F: +43 59 616-81000 [email protected] https://www.facc.com

View stock analysis, news, and events for Facc Ag