IP - 2025 Financial Results - 20 March 2026

and an EBITDA margin of 22.3% compared with 22% in the prior year

In the period: net investment of € 98.8 million, FCF of € 220.4 million,

Approval of draft financial statements for 2025 Allocation of profit for the year

Report on Remuneration Policy and Compensation Paid: Section II for FY 2025

Appointment of the Board of Directors and the Board of Statutory Auditors Authorization to purchase and dispose of treasury shares

Renewal of the delegation to the Board of Directors of the increase in share capital

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Sant'Ilario d'Enza (RE), 20 March 2026 - The Board of Directors of Interpump Group S.p.A., meeting today under the chairmanship of Fulvio Montipò, approved the draft financial statements for FY 2025 and the related consolidated results, as indicated below.1

Revenues

Net sales for 2025 amounted to € 2,070.6 million, substantially in line (-0.4%) with the € 2,078.4 million of the prior year (at constant perimeter2, there was a decrease of 2.7%, which reduced to 0.7% on an organic basis).

Turnover by business sector and geographical area was as follows:

‌1The economic-financial data presented in this communication has been rounded to the first decimal place.

‌2With respect to the results for the prior financial year, the changes in reporting perimeter refer mainly to 10 acquisitions made, 6 made in 2024 and 4 in 2025. The acquisitions relating to 2024 were PP China Co., Ltd., YRP Shanghai Flow Technology Co., Ltd., Alltube Engineering Ltd., Alfa Valvole S.r.l., H.S. S.r.l. e Hidrover Equip Hidraulicos Ltda: the first two and the fourth have been consolidated by the Water Jetting division since April and June respectively, while the second, second last and last have been consolidated by the Hydraulics division since May, July and December respectively. The acquisitions relating to 2025, all relating to the Hydraulics division, are Padoan S.r.l. (consolidated from July), Tutto Hydraulicos and Borghi Assali Srl (consolidated from November) and finally Farma Srl (consolidated from December only at the equity level).

The percentage changes 2025 on 2024 at a comparable scope of consolidation are as follows:

Focusing on the organic evolution, while the results recorded from an overall performance point of view are in line with those of the prior year with the two divisions characterized by opposite trends - the Hydraulics division down and the Water Jetting division up - the evolution during 2025 is different from that of 2024, particularly with regard to the Hydraulics division. In fact, in 2024, the Hydraulics division had recorded an organic decline of 14% with all quarters characterized by double-digit declines; conversely, in the year just ended the division, after a still difficult Q1 (-14.5%), a marked improvement was recorded in Q2 (-7.0%) which turned into growth in Q3 (+3.4%) and strengthened in Q4 (+4.8%), limiting the decrease in turnover over the entire period to 4.1%. This evolution could indicate the conclusion after two years of the normalization process that characterized the division downstream of the post-pandemic peak. The Water Jetting division confirmed the positive trend recorded since 2021 with growth in FY 2025 of 6.3%. In addition to the post-pandemic recovery that for this division manifested itself later and more gradually than that of the Hydraulics division by virtue of the different characteristics of the two activities, some important contracts in China were added that made the results of the first half particularly strong (+13.9%) while during the second half of the year the evolution of activities was discounted by the comparison with the best quarters of the previous year (growth of +7.6% in the second half of 2024).

Profitability

EBITDA for 2025 was € 462.0 million, an increase of 1.2% from € 456.2 million in the prior year and with an impact on sales of 22.3% compared with 22.0% in 2024. The improvement reflects the Group's continuous effort to adapt the cost structure in two different situations in terms of revenues: in the Hydraulics division, the Group has moved from an activity aimed at mitigating the decrease in turnover to one of constant adaptation in conjunction first with an improvement and then with growth, while in the Water Jetting division the focus has been on reducing the impacts of production inefficiencies related to peaks in demand manifested in the prior year. The newly acquired companies had no dilutive impacts.

The following table sets out EBITDA by business sector:

Net financial expenses totaled € 38.1 million, compared with € 27.1 million in the prior year. The increase reflects, firstly, higher exchange rate losses compared with the prior year and, secondly, a negative balance between financial income and expenses related to the adjustment of the estimated debt for the commitment to purchase the remaining shares of subsidiaries. The improvement compared to the prior year in the results of some subsidiaries to which the Group has purchase commitments has in fact led to a redetermination of the possible purchase debt and therefore of the related financial interests.

Income taxes increased from € 82.6 million to € 89.1 million with a tax rate that increased from 26.5% to 29.8%: it should be noted that in the previous year some of the Group's subsidiaries had enjoyed non-repeatable tax benefits.

in 2024 due to the phenomena mentioned above.

The non-annualized ROCE was 13.5%, in line with the prior year, while the ROE was 9.9% (11.3% in 2024).

Financial situation

The free cash flow during the year reached € 220.4 million, compared with € 205.1 million in 2024,

thanks to the improvement in net liquidity generated from operations, which decreased from €

307.2 million in 2024 to the current € 347.5 million, and thanks to the further significant reduction in investments, from € 135.3 million to € 98.8 million. This result represents the Group's historical record of cash generation.

The net financial position at 31 December 2025 was € 291.1 million, compared with € 409.1 million at 31 December 20243. Investments amounted to € 98.8 million, while outlays for the acquisition of equity investments4 and the payment of dividends were € 52.4 and € 36.2 million respectively; conversely, the combination of the proceeds from the sale of treasury shares to the beneficiaries of the Stock Option Plans (€ 4.8 million) and the resumption of the Buy-back Plan during the first part of the year (€ 16.6 million) resulted in a total outlay of € 11.8 million.

The following table provides summary information about the principal equity investments acquired during the year5:

‌3At 31 December 2025, the Group had commitments for the acquisition of stakes in subsidiaries totaling € 85.0 million, compared with € 67.1 million at 31 December 2024.

‌4Acquisition of equity investments, including the net debt received and excluding the treasury shares assigned.

‌5For the Hydraulics division, the acquisition of the remaining 0.23% of Interpump Hydraulics France still not owned by the Group, which is now 100% owned, while for the Water Jetting division, the acquisition of Nuova S.M., a company active in metal processing and finishing, consolidated using the equity method.

‌6For further information, see the press release dated 16 June 2025.

‌7For further information, see the press release dated 24 October 2025.

‌8For further information, see the press release dated 4 November 2025.