Q3 2025 Results Presentation

‌3rd Quarter 2025 Financial Report

22 nd O c t o b e r 2 0 2 5

‌A D V E R T I S E M E N T

• This document has been prepared by Global DOMINION Access. S.A. ("DOMINION"). and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness. accuracy or fairness. This document and the information contained herein are strictly confidential and are being shown to you solely for your information. The information may not be copied. distributed. reproduced or passed on. directly or indirectly. in whole or in part. or disclosed by any recipient. to any other person (whether within or outside such person's organization or firm) or published in whole or in part. for any purpose or under any circumstances.

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• This communication may contain forward-looking information and statements on DOMINION. including financial projections and estimates and their underlying assumptions. statements regarding plans. objectives and expectations with respect to future operations. capital expenditures. synergies. products and services. and statements regarding future performance. Although DOMINION believes that the expectations included in those forward-looking statements are reasonable. investors and shareholders are cautioned that forward-looking statements are subject to various risks and uncertainties. many of which are difficult to predict and generally beyond the control of DOMINION. that could cause actual results and developments to differ materially from those expressed in. or implied or projected by. the forward-looking statements.

• Forward-looking statements are not guarantees of future performance. You are cautioned not to place undue reliance on the forward-looking statements. which speak only as of the date they were made. Except as required by applicable law. DOMINION foes not undertake any obligation to publicly update or revise any forward-looking statements. whether as a result of new information. future events or otherwise.

• The information and opinions contained in this document are provided as at the date of the document and are subject to verification. completion and change without notice. Neither DOMINION nor any of its parent or subsidiary undertakings. or the subsidiary undertakings of any such parent undertakings. or any of such person's respective directors. officers. employees. agents. affiliates or advisers. undertakes any obligation to amend. correct or update this document or to provide the recipient with access to any additional information that may arise in connection with it.

‌2 0 2 5 Q 3 R E S U L T S

2025 9M Results_

Sales

Organic sales growth of +9% at constant currency compared to 9M 2024, exceeding the strategic commitment.

Divestments accounted for -13% and the FOREX effect for -2%.

Margins

Profitability remains above 13% thanks to the simplification of activities and operational improvements, reaching an

EBITDA of 13.3% on sales.

Net Income

Recurring net profit on a comparable basis grew by €6.3 million, or 40%, in line with what we

saw in the first half of the year.

The nine-month income statement continues to be strongly affected by the depreciation of the dollar so far this year.

‌2 0 2 5 Q 3 R E S U L T S

9M Results and comparative performance_

-7%

-2%

-13%

+9%

3T 2024 Organic Inorganic Forex 3T 2025

Positive operating performance in line with previous quarters, thanks to strategic repositioning and simplification of activities.

Net profit continues to be affected by the depreciation of the dollar, which entails a valuation adjustment following the divestment in the Dominican Republic in July 2025 of €16 million (one-off and with no effect on cash flow).

‌2 0 2 5 Q 3 R E S U L T S

9M Results and comparative performance_

Evolution of balance sheet expenditure

9M 2024

C

omparable (*)

9M 2025

Net Profit includes €16m without cash flow effect, which would have brought Net Profit to €22.1m:

(Millions of €)

Reduction in financial expenses and discontinued operations due to lower interest rates. [It should be noted that the Cerritos wind farm

has been generating electricity since the third quarter.]

Fair value adjustment of the wind farms in the Dominican Republic,

mainly due to the sharp depreciation of the US dollar.

‌2 0 2 5 Q 3 R E S U L T S

Segment Breakdown_

GDT Projects

12% (13%)

Global Dominion Environment 16%

(20%)

31%

(29%)

41%

(42%)

Contribution

Margin

53%

(51%)

GDT Services

47%

(45%)

‌2 0 2 5 Q 3 R E S U L T S

Global Dominion Environment_

Global Dominion Environment (GDE)

• Positive organic growth, above the company's guidance (+8.3%), which is reduced by Forex (-2.8%).

• Strong double-digit growth in contribution margin (+11%), reaching 11.9% of sales.

• Three bolt-on acquisitions were completed during the quarter, two in Spain and one in Germany, while progress was made on various greenfield projects in both Spain and the Persian Gulf.

• We continued to internationalize our Circular economy activities, thanks to our mobile infrastructure, with new contracts and solutions in Latin America (Chile and Peru).

• The positive contracting trend in Decarbonisation continued.

CM (4) _

Turnover_

315.0 M€ +6% 332.2 M€

35.6 M€ +11% 39.5 M€

9M 2025 Turnover Breakdown

EUROPE & AFRICA 30.3%

SPAIN

18.4%

AMERICA

28.9%

ASIA & OCEANÍA 22.4%

9M 2024 (*) 9M 2025

‌2 0 2 5 Q 3 R E S U L T S

-3%

93.7 M€

-14%

20.6 M€

Projects

• Lower turnover rate due to a temporary slowdown in project execution (temporary gap), mainly due to uncertainty

  generated by the geopolitical situation.

• The contribution margin stands at 22.0% of sales, well above the level considered to be the floor.

• The portfolio of energy and digital projects amounts to €426 million. The delay in execution does not affect contracting or

what is already included in the portfolio.

Services

• Very robust growth, in line with recent quarters, both in terms of turnover and margins.

• Contribution margin stands at 17.9% of sales.

• New contracts signed this year for the operation and maintenance of telecommunications and electrical infrastructure

in Latin America increase recurrence and visibility for future quarters.

GDT-Services and Projects_

+13%

+8%

9M 2024 (*) 9M 2025

9M 2024 (*) 9M 2025

374.2 M€

66.9 M€

‌Appendix_

1. Consolidated Turnover: Annual accounts Turnover.
2. EBITDA: Net Operating Income + Depreciation / EBIT: Net Operating Income.
3. Net Income or Comparable Net Income: Refers to the Attributable Net Profit, prior to discontinued operations and to the minority interests of the Renewables business (present in 2022 and not in 2023). / Attributable Net Income: unless otherwise indicated, refers to net income from continuing operations.
4. Contribution Margin: EBITDA before corporate structure and central administration costs.

5. Net Financial Debt: Financial Debt (Long and short Term) +/- Derivative financial instruments - Cash and Short-Term Investments.

6. Free Operating Cash Flow: EBITDA - difference between CAPEX and Amortization - NWC variation - Net Financial Income - Tax payment; (acquisitions

   excluded).

7. RONA: EBITA / (Total non-current assets - Deferred assets - Goodwill not associated to cash + PPAs amortization current year +Net WC; excluded acquisitions of the year).
8. WC: Working capital.
9. The scope of consolidation varies from 9M 2024 due to: The sale of the industrial maintenance activities (end of November 2024), MINISO (September 2024) and Coderland businesses (December 2024), so 9M 2025 does not include 9 months of these activities. Due to the relevance of the data, the amounts relating to 9M 2024 have been pro-forma to show a comparable figure with 9M 2025.

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DOMINION

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48001 BILBAO (SPAIN)

Telephone: (+34) 944 793 787

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