IWB - 2025 Preliminary Revenues

Press Release

Milan, January 29, 2026 - The Board of Directors of Italian Wine Brands S.p.A. ("IWB" or the "Group"), a leading Italian wine group listed on the Euronext Growth Milan market of the Italian Stock Exchange, has approved preliminary consolidated revenues for 20251, with business sales totaling €395.9 million.

In a global context characterized by a slowdown in consumption, which has not been an exception for wine, IWB's strategy of (i) maintaining a diversified presence across all distribution channels and (ii) continuing to expand sales and expand its customer base in existing markets has enabled the Group to:

1. increase sales volumes in both the Ho.re.ca channel (+9.63%) and the wholesale channel (+3.77%);

2. continue to increase revenues in the Ho.re.ca channel (+6.2%).

   Quantities in 000					Amounts in €000
   	31.12.2025	31.12.2024	∆ % 24 / 25			31.12.2025	31.12.2024	∆ % 24 / 25
   Total bottles sold	158.682	153.096	3,65%		Total Revenues from sales	395.899	401.937	(1,50%)
   Bottle sold from wholesale division	112.850	108.753	3,77%		Revenues from wholesale division	281.964	284.366	(0,84%)
   Bottle sold from distance selling division	12.807	14.219	(9,93%)		Revenues from distance selling division	50.837	58.124	(12,54%)
   Bottle sold from ho.re.ca division	33.025	30.125	9,63%		Revenues from ho.re.ca division	63.024	59.344	6,20%
   					Other Revenues	75	103	(27,73%)

   The minimal difference compared to 2024 is due to the results of the distance selling channel, penalized in particular

   ‌1Not yet subjected to legal review and which will be definitively approved by the Board of Directors on 27 March 2026

   by the trend in telephone and mailing sales, and to the slight contraction in prices in the wholesale channel, where the repositioning of market prices started at the beginning of 2023 continues.

   It is also important to underline that in the second half of the year the Group achieved revenues equal to those of the second half of 2024, which had been a record year, more than offsetting the decline in B2C revenues with B2B sales.

   Quantities in 000					Amounts in €000
   	2H 2025	2H 2024	∆ % 24 / 25			2H 2025	2H 2024	∆ % 24 / 25
   Total bottles sold	83.974	80.385	4,46%		Total Revenues from sales	210.766	210.735	0,01%
   Bottle sold from wholesale division	60.390	57.114	5,74%		Revenues from wholesale division	151.380	148.989	1,61%
   Bottle sold from distance selling division	6.460	7.050	(8,37%)		Revenues from distance selling division	26.367	29.999	(12,11%)
   Bottle sold from ho.re.ca division	17.123	16.220	5,57%		Revenues from ho.re.ca division	32.989	31.732	3,96%
   					Other Revenues	30	15	100,45%

   In a year further complicated by market volatility, following the recurring news about tariffs, IWB worked to improve customer service levels through the development of "dedicated projects" aimed at increasing customer loyalty. These "dedicated projects" are aimed at specific customers, offering a customized IWB branded product to make the on-shelf offering increasingly innovative and personalized. They represent 10% of the contribution margin of the B2B segment (wholesale + Ho.re.ca). Compared to 2024, they achieved growth of 26.5% in volume and 25% in value.

   The top brands overall confirmed the values achieved in 2024; in particular, the 3% growth in both volume and value of the two top brands (Grande Alberone and Voga), which alone represent 50% of the cluster, is noteworthy.

   The tables below show sales revenues by market, highlighting:

   1. further growth in international sales;

   2. strengthening of the company's position in Europe, particularly in the UK, where revenues increased

      10.7%, reaching a record turnover of €99.4 million;

   3. the decline in revenues in North America is attributable to the US (-3.9%), penalized by uncertainties regarding tariffs and the exchange rate effect; performance in Canada was very positive, with revenues up 11.4%.

Please note that the results as of December 31, 2025, will be approved by the Company's Board of Directors scheduled for March 27, 2026, and presented to the Shareholders' Meeting scheduled for April 27, 2026, on first call, and April 30, 2026, on second call.

Viale Abruzzi 94, Milano

T. +39 02 30516516

investors@italianwinebrands.it https://www.italianwinebrands.it

+39 02 87185120

Via Santa Radegonda 16, Milano Matteo Russo +39 347 9834881 mrusso@sprianocommunication.com Cristina Tronconi +39 346 0477901 ctronconi@sprianocommunication.com