Italian Sea S p A : The Italian Sea Group – Risultati finanziari dei primi nove mesi del 2025

Í2 NOVEh/í BER 2025

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…ˍNI二E I…7… 1920

丁卜IE ITALIAN SEA G}菱OUP

Unrivalled success story founded on the revamping of heritage Italian brands, focus on design and product quality, investments on production capacity, and commitment to financial growth and solidity.

Acquisition

(Revenues - Eur mn)

Acquisition Acquisition

Acquisition

Rebranding

Start-up

Partnership

Partnership

186

Acquisition

295

364

405

OUTLOOK

350 - 370

24 23

50 50 52 62 65 67

100 116

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

EXECUTIVE SUhthtARY BUSINESS REVIEW FINANCIAL R£VI£W

THE ITALIAN SE GROUP 4

Revenues amounting to Eur 262.3 Mn, -10.2% vs 9M 2024 EBITDA amounting to Eur 42.6 Mn, -15.0% vs 9M 2024, with a Margin on Revenues of 16.2% Order Book amounting to Eur 1.15 bn at September 30, 2025

Investments for the period amounting to Eur 3 Mn Net Financial Position equal to Eur -70.6 Mn

2025 Outlook Confirmed: Revenues between Eur 350-370 Mn and EBITDA Margin between 16.5-17.0%

Brokerage

The state of industry today

-$87bn

Yacht builders

-$3lbn

-5-15%

Megayachts+

Secondary yacht sales

Chartering

Marinas

Operafions, maintenance

and repair

Yachts and

superyachts

Miniyachts

Typical EBITDA

CAGR, 2025-30

Yacht builders (new yacht)

Source: McKinsey

GLOBAL MARKET SIZE, 2025

GLOBAL MARKET SIZE, 2025

Miniyachts account for more than 90% of the global yachtfleet and

approximately 45% of the market value.

1,525

1,356

1,254

1

2

3

THE BIGGEST SUPERYACHT BUILDERS WORLDWIDE (over 50 meters)

2025

RANK

TOTAL LENGTH (M)

6

HEESEN YACHTS

651

711

1,002

FEADSHIP

THE ITALIAN SEA GROUP

LURSSEN

DAMEN YACHTING

BILGIN YACHTS

5

4

* Avarage Length 50 meters +

Source: Boat International 2025

Delivered Delivered

78 meters 55 meters 59 meters

58 meters 72 meters 50 meters

Delivered

60 meters 24 meters 56 meters

During the event we welcomed >200 brokers, >80 journalists, >40 investors and the judges of WSA ( World Superyacht Awards) and BDA ( Design and Innovation Award)