JOST Werke : Q2 2026 Interim Report

About this update from Jost Werke Se

N◻VIMd F◻RHロRD GROUP INTERIM REPORT FIRST HALF OF 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information E◻MTEMTF 3 JOST AT A GLANCE GROUP INTERIM MANAGEMENT REPORT Executive Board's Overall Assessment of Business Development Overall Macroeconomic Conditions 7 Industry-Specific Framework Conditions 8 Key Business Events 8 Business Performance H1 2026/Q2 2026 18 Opportunities and Risks 18 Outlook CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated Income Statement - by Function of Expense Method Consolidated Statement of Total Comprehensive Income Consolidated Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Condensed Group Financial Statements RESPONSIBILITY STATEMENT FURTHER INFORMATION Financial Calendar 42 Imprint 2 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌JOST AT A GLANCE Selected Key Figures Regional Sales by Destination in € million H1 2026 H1 2025 14) Change Ǫ2 2026 Ǫ2 2025 14) Change H1 2026, in % APAC 27% EMEA 46% Group sales 857.3 764.4 12.1% 440.2 390.7 188.1 103.3 99.4 48.9 12.5% 37.0 9.5% 10.6 0.6 0.0 6.8 0.45 20.7 1.38 12.7% 9.5% 17.1% 14.0% 15.8% 0.4%-pp 18.5% 0.5%-pp -11.1% > 1,000% > 1,000% 132.2% 110.6% 19.1% 7.1% thereof sales EMEA 409.1 376.1 8.8% 205.9 thereof sales AMERICAS 224.9 201.7 11.5% 121.0 thereof sales APAC 223.3 186.7 19.6% 113.3 Adjusted EBITDA 1) 113.3 94.4 20.0% 56.6 Adjusted EBITDA margin (%) 13.2% 12.3% 0.9%-pp 12.9% Adjusted EBIT 1) 87.9 72.8 20.8% 43.9 Adjusted EBIT margin (%) 10.3% 9.5% 0.8%-pp 10.0% Equity ratio (%) 26.9% 21.3% 5.6%-pp Net debt 2) 380.2 513.8 -26.0% Leverage 3) 11) 1.81x 2.92x -38.0% Net debt incl. IFRS 16 liabilities 12) 457.3 594.8 -23.1% Leverage incl. IFRS 16 liabilities 11) 13) 2.18x 3.38x -35.5% Cash and cash equivalents 152.0 129.6 17.2% Capex 4) 19.1 17.3 10.4% 9.4 ROCE (%) 5) 11) 16.3% 12.8% 3.5%-pp Net working capital (%) 6) 11) 17.4% 17.5% -0.1 %-pp Free cash flow 7) 15.7 39.4 -60.1% 17.3 Cash conversion rate 8) 0.3 0.9 -66.1% 0.7 Earnings after tax 32.4 19.9 62.7% 15.9 Earnings per share (in €) 2.00 1.32 51.2% 0.95 Adjusted earnings after tax 9) 52.9 44.9 17.9% 24.6 Adjusted earnings per share (in €) 10) 3.29 3.00 9.6% 1.48 AMERICAS 27% Sales by Business Line H1 2026, in % 1) Adjusted for PPA effects and special effects as per Note 12 2) Net debt = Interest-bearing capital (excluding refinancing costs) - cash and cash equivalents 3) Leverage = net debt/ LTM adjusted EBITDA (incl. acquisitions) 4) Gross presentation (Capex; without taking into account divestments or company acquisitions) 5) LTM Adjusted EBIT (incl. acquisitions)/Interest-bearing capital employed; Interest-bearing capital: equity + financial liabilities (excluding refinancing costs) - cash and cash equivalents + pension provisions 6) Net working capital/ LTM sales (incl. acquisitions) 7) Cash flow from operating activities - capex 8) Free cash flow/ adjusted earnings after tax as per Note 12 9) Earnings after tax adjusted for exceptionals as per Note 12 10) Adjusted earnings after tax/ weighted average number of outstanding shares (H1 2026: 15,929,006; H1 2025: 14,900,000 | Ǫ2 2026: 16,390,000; Ǫ2 2025: 14,900,000) 11) For comparison purposes, LTM key figures take into account the values of the acquired companies before the acquisition date. 12) Net debt incl. IFRS 16 liabilities = Interest-bearing capital (excluding refinancing costs) + IFRS 16 lease liabilities - cash and cash equivalents Hydraulics 30% Agriculture 20% Sales Performance 39 857 764 69 -15 H1 2026, in € million Transport 50% 13) Leverage incl. IFRS 16 liabilities = net debt incl. IFRS 16 liabilities/ LTM adjusted EBITDA (including acquisitions) 14) The prior-year figures are key performance indicators for continuing operations. Furthermore, prior-year figures have been amended (explanations in note 9, 16 and 20 to the consolidated financial statements as of December 31, 2025). Sales revenues H1 2025 Organic Acquisition effects FX effects Sales revenues H1 2026 3 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information JOST is a leading global manufacturer and supplier of safety-related systems for the commercial vehicle industry. Under the JOST brand, its extensive product portfolio is divided into systems for on-highway (transportation industry) and off-highway applications (agriculture and construction industry). JOST's leading international market position is underpinned by its strong brands JOST, Hyva, ROCKINGER, TRIDEC, and Ǫuicke, as well as by longterm customer relationships served through its global sales network and its efficient, low-capital-intensive business model. The Company is the world's leading manufacturer of fifth wheels, landing gears, agricultural front loaders, and front tipping cylinders. Since acquiring Hyva in 2025, JOST employs approximately 6,500 people worldwide and has sales and production facilities in over 35 countries on six continents. The Company is listed on the Frankfurt Stock Exchange. 4 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌GROUP INTERIM MANAGEMENT REPORT FOR THE SIX MONTHS UNTIL JUNE 30, 2026 6 Executive Board's Overall Assessment of Business Development 7 Overall Macroeconomic Conditions 7 Industry-Specific Framework Conditions 8 Key Business Events 8 Business Performance H1 2026/Ǫ2 2026 18 Opportunities and Risks 18 O utlook 5 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Executive Board's Overall Assessment of Business Development JOST achieved strong and broad-based growth in the first half of 2026, with all segments and business lines contributing. We also saw significant organic growth, which underscores JOST's strong global market position and the success of our AMBITION 2030 strategy. Sales revenue increased by 12.1% to €857.3 million in the first half of 2026 (H1 2025: €764.4 million). This increase includes acquisition effects of €39.1 million from the extended full consolidation of Hyva, as the Hyva Group was only included in the prior year's results effective February 1, 2025. In addition, negative currency effects reduced growth in the first half of 2026 by 1.9 percentage points. Adjusted for these acquisition and currency effects, JOST achieved organic sales growth of 8.9% in the first half of 2026 compared to the previous year. The quality of this growth is particularly noteworthy, as we achieved organic growth in all three regions and all business lines. Market share gains through the acquisition of new customers and increasingly realized cross-selling synergies from the integration of Hyva were key drivers of this development, particularly in the off-highway sectors of agriculture and hydraulics. Sales in the transport business line increased by 4.1% to €428.9 million in the first half of 2026 (H1 2025: €412.0 million), driven by the recovery of the transport market in EMEA and strong export business in China. In the agriculture business line, we significantly increased sales by 23.4% to €172.4 million (H1 2025: €139.7 million), primarily due to the ramp-up of organic projects in AMERICAS and APAC, as well as continued robust growth in EMEA. The hydraulics business line increased sales in the first half of 2026 by 20.3% to €256.0 million (H1 2025: €212.7 million), driven by rising demand for products for the mining and construction industries, realized cross-selling synergies, and the aforementioned extended full consolidation of Hyva. In EMEA, we increased sales in the first half of 2026 by 8.8% to €409.1 million (H1 2025: €376.1 million). Adjusted for acquisition and currency effects, sales grew organically by 5.6%, driven by increased demand in the agriculture and transport business lines. In AMERICAS, sales increased by 11.5% to €224.9 million (H1 2025: €201.7 million), and we also achieved organic growth of 9.9% in this region, despite the continued challenging market environment in the USA during the first half of the year. JOST was able to acquire new customers in North America with its local-for-local approach and, in particular, successfully expand its new business in South America. In APAC, we increased sales in the first half of 2026 by 19.6% to €223.3 million (H1 2025: €186.7 million). Adjusted for acquisition and currency effects, APAC sales grew organically by 14.6%, driven by growing export business in China and significantly increased demand in India across all business lines. Adjusted earnings before interest and taxes (EBIT) improved disproportionately to sales in the first half of 2026, rising by 20.8% to €87.9 million (H1 2025: €72.8 million). The adjusted EBIT margin increased by 0.8 percentage points to 10.3% (H1 2025: 9.5%). This improvement in profitability is primarily attributable to organic growth, the continued realization of synergies from the Hyva acquisition, ongoing Group-wide operational improvements, and a favorable product mix with a higher proportion of off-highway products. Due to the higher business volume, trade receivables increased noticeably. Combined with the targeted increase in safety stocks as a result of the military conflict in Iran, this led to a strain on working capital. Nevertheless, we were able to generate free cash flow of €15.7 million in the first half of 2026 (H1 2025: €39.4 million). The ratio of working capital to sales for the last twelve months improved slightly to 17.4% (H1 2025: 17.5%) due to the increased sales volume. Net debt (excluding IFRS 16 liabilities) decreased by €61.3 million to €380.2 million as of June 30, 2026, compared to year-end (December 31, 2025: €441.6 million). This is primarily attributable to the capital increase against cash contributions carried out in the first quarter of 2026. The reduction in net debt, combined with the higher adjusted EBITDA, led to a significant improvement in the leverage ratio, although both the dividend distribution and the previously described increase in working capital due to the higher business volume had a negative impact in the second quarter of 2026. As a result, the leverage ratio improved to 1.81x, within the target range of 1.0x to 2.0x (December 31, 2025: 2.27x). This gives us the necessary financial flexibility to further advance our M&A strategy. Earnings after tax improved by 62.7% to €32.4 million in the first half of 2026 (H1 2025: €19.9 million). Of this, €31.8 million is attributable to shareholders of JOST Werke SE (H1 2025: €19.7 million) and €0.5 million to non-controlling interests (H1 2025: €0.2 million). Adjusted earnings after tax increased by 17.9% to €52.9 million in the first half of 2026 (H1 2025: €44.9 million). The adjustments primarily consist of non-operating and non-cash exceptionals from depreciation and amortization of purchase price allocations (PPA amortization and depreciation) and one-off effects from the integration of Hyva. Even taking into account the higher number of outstanding shares compared to the previous year, JOST was able to increase its adjusted earnings per share in the first half of 2026 by 9.6% to €3.29 (H1 2025: €3.00). 6 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Framework Conditions ‌Overall Macroeconomic Conditions The global economy is expected to continue growing in 2026, but risks remain high: The military conflict that erupted in Iran in February 2026 continues to pose a significant headwind to global economic growth in 2026. Rising commodity prices and the associated increase in inflation further increase the risks to the continuation of the economic recovery. The International Monetary Fund (IMF) anticipates that global inflation will rise from 4.1% in 2025 to 4.7% in 2026. This is largely attributable to higher energy and food prices resulting from the military conflict in Iran. Conversely, positive growth impulses from the technology sector are having a positive impact: the accelerated momentum of the global technology cycle, driven by investments in artificial intelligence, is mitigating the negative effects on global economic growth. In their July 2026 update, IMF experts slightly reduced their forecast for global growth in 2026 to 3.0% compared to their April 2026 estimate (2025: 3.5%). Global trade volume growth is expected to slow to 3.5% in 2026 (2025: 5.0%). The IMF now forecasts GDP growth of 0.9% for the Eurozone in 2026 (2025: 1.4%). The US economy is expected to grow by 2.3% year-on-year (2025: 2.1%). According to the IMF, economic growth in emerging and developing Asian economies is projected to increase by 5.0% in 2026 (2025: 5.6%). India, in particular, is expected to contribute to the economic recovery with projected growth of 6.4% (2025: 7.7%). China's economic output should increase by 4.6% in 2026, representing a slight slowdown compared to the prior year (2025: 5.0%). The economy of Latin America and the Caribbean is projected to expand by 2.4% in 2026 compared to the previous year, according to estimates by the IMF (2025: 2.4%). ‌Industry-Specific Framework Conditions Demand for heavy-duty trucks in 2026 expected to grow stronger than previously anticipated: While the market research institute GlobalData still assumed a global production growth of heavy-duty trucks of around 1.2% compared to the previous year in April 2026, the current study from July 2026 now expects global growth of 5.3%. The main driver of this improvement is the APAC region, for which the forecast has reversed from an expected decline of 1.3% in April to growth of 6.1%, led by China. Fueled by growing exports, heavy-duty truck production in China is now expected to increase by 4.2% in 2026; GlobalData had previously predicted a decline of 6.0%. For the EMEA region, the latest figures indicate a production increase of 2.1% year-on-year, although this is somewhat slower than the 4.9% forecast from April 2026. In North America, ACT expects heavy-duty truck production to increase by 9.1% year-on-year in 2026, according to a study from July. For South America, GlobalData anticipates a decline in heavy-duty truck production of 1.7% in 2026 compared to 2025. The global trailer market is expected to grow slightly in 2026: According to a 2026 study by the market experts at Clear Consulting, the worldwide trailer market is projected to grow by up to 5% compared to 2025. For Europe, Clear Consulting anticipates a steady recovery in trailer production throughout the year, increasing by up to 5% year-on-year, according to a study from July 2026. In North America, the trailer market is expected to grow by 0.9% compared to 2025, according to a July 2026 study by ACT, a slightly better result than predicted in April 2026, when the institute forecast a slight year-on-year decline. For Latin America, Clear Consulting expects the trailer market to stagnate or decline slightly in 2026 compared to the previous year. In the APAC region, experts predict an increase in the trailer market of around 5%, primarily due to the recovery of the Indian market. The agricultural tractor market is expected to be mixed in 2026: Currently, agricultural OEMs anticipate slight growth in the tractor market in 2026. The dairy and livestock sectors are expected to continue generating good income in 2026, supported by attractive milk and meat prices. Against this backdrop, OEMs in the EMEA region anticipate an increase in tractor demand of up to 5% compared to 2025. Despite rising energy prices, investment activity in the region remains robust. In North America, demand for medium and lower-powered agricultural tractors has also stabilized and is expected to increase by up to 5% in 2026. This is driven by the recovery of the turf market and healthy margins in the dairy and livestock sectors. In contrast, OEMs expect a slight decline in tractor demand in South America in 2026. This is primarily due to the weakness of the Brazilian market resulting from high interest rates, increased input costs, and a stronger Brazilian real. In the APAC region, OEMs currently expect the tractor market to increase by more than 5% compared to 2025, supported mainly by the recovery of the Indian market. Investments in infrastructure and the construction industry are expected to rise in 2026: A strong increase in infrastructure investment is currently anticipated worldwide. Large infrastructure programs have been announced, particularly in Germany and Europe, to address past investment backlogs. These programs could have a positive impact on demand, although the first effects are not expected until the second half of 2026. Excluding the impact of these infrastructure programs, OEMs expect demand for construction equipment in EMEA to increase by up to 5% in 2026. In North America, the outlook for the construction equipment market remains subdued in 2026 due to existing tariffs. Nevertheless, OEMs anticipate a slight increase in demand in 2026. In South America, a slight decline of up to 5% is expected. In APAC, experts predict growth of more than 10% in 2026, driven by the recovery in India, increasing construction and mining activity in China, and the growing export business in that country. 7 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Key Business Events Share capital increased by 10%: On February 24, 2026, the Executive Board of JOST Werke SE, with the approval of the Supervisory Board, resolved to carry out a capital increase against cash contributions, partially utilizing the Authorized Capital 2023 (Section 5 of the articles of association). This increased the Company's share capital by 10% through the issuance of 1,490,000 new bearer shares. The shareholders' preemptive rights were excluded in accordance with Sections 203 (1) and (2), 186 (3) sentence 4 of the German Stock Corporation Act (AktG) in conjunction with Section 5 of the Company's articles of association. The new shares are entitled to dividends from January 1, 2025. They were placed with institutional investors via an accelerated bookbuilding process at a price of €62.13 per share. The gross proceeds of the placement amounted to approximately €92.6 million. The Company's share capital thus increased to a total of €16,390,000.00 with effect from February 25, 2026, and is divided into 16,390,000 bearer shares. The notional share of the share capital is €1.00 per share. Exercise of the put option for the recycling business in South America: As part of the acquisition of Hyva, JOST acquired a put option against the former owners of Usimeca Indústria Mecânica S.A., the Hyva Group's recycling business in South America. This option granted the former owners the right to sell their remaining 25% minority stake in Usimeca to JOST. The option was exercisable from May 3, 2026, and was exercised on May 4, 2026. JOST is thus obligated to acquire the remaining 25% stake in Usimeca. The obligation was revalued as of June 30, 2026. Compared to the valuation determined as of December 31, 2025, this resulted in a reduction of €0.3 million, which had a corresponding positive impact on the financial result in the second quarter of 2026. Business Performance H1 2026/Ǫ2 2026 Sales Performance Sales Revenue by Origin H1 in € thousands H1 2026 1) H1 2025 % yoy EMEA 409,102 376,057 8.8 % AMERICAS 224,880 201,671 11.5 % APAC 223,295 186,718 19.6 % Total 857,277 764,446 12.1% of which Transport 428,864 411,972 4.1 % of which Agriculture 172,436 139,744 23.4 % of which Hydraulics 1) 255,977 212,730 20.3 % 1) The H1 2026 sales revenue includes €39.1 million from the Hyva acquisition, which is attributable to the additional month of January 2026 (initial consolidation from February 2025): of which €10.1 million in EMEA, €9.2 million in AMERICAS, €19.8 million in APAC. Sales Revenue by Origin Ǫ2 in € thousands Ǫ2 2026 Ǫ2 2025 1) % yoy EMEA 205,944 188,063 9.5 % AMERICAS 121,021 103,319 17.1 % APAC 113,268 99,362 14.0 % Total 440,233 390,744 12.7% ‌of which Transport 218,743 207,119 5.6 % of which Agriculture 89,812 74,749 20.2 % of which Hydraulics 1) 131,678 108,876 20.9 % 1) The comparative figures for Ǫ2 2025 are reduced by sales of the discontinued Cranes business of €14.6 million, which are economically attributable to Ǫ1 2025 (February/March 2025): of which €11.0 million in EMEA, €1.9 million in AMERICAS and €1.7 million in APAC. JOST continued its strong sales growth in the first half of 2026. Sales revenue increased by 12.1% to €857.3 million (H1 2025: €764.4 million), with all three business lines contributing to this increase. This figure includes acquisition effects of €39.1 million generated by Hyva in January 2026, as the Hyva Group was only consolidated with effect from February 1, 2025, in the same period of the previous year. We are particularly proud of the high quality of the growth achieved, as we increased our sales organically by 8.9% when adjusted for acquisition and currency effects. This positive development underscores JOST's strong market position and the success of our AMBITION 2030 strategy. Market share gains through the acquisition of new customers and increasingly realized cross-selling synergies from the integration of Hyva 8 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information contributed significantly to this development, particularly in the off-highway sectors of agriculture and hydraulics. The transport business line accounted for 50.0% of sales revenue (H1 2025: 53.9%), while agriculture increased to 20.1% (H1 2025: 18.3%) and hydraulics to 29.9% (H1 2025: 27.8%). This dynamic growth continued into the second quarter of 2026. Sales revenue rose by 12.7% to €440.2 million (Q2 2025: €390.7 million), again driven by all three business lines. Organically, JOST achieved growth of 8.9% in the second quarter of 2026 compared to the previous year. Further details on sales and business development by region can be found in the chapter Segments. Results of Operations Results of Operations H1 In the transport business line, sales increased by 4.1% to €428.9 million in the first half of 2026 (H1 2025: €412.0 million). This increase was primarily driven by the recovery of the transport market in EMEA and strong growth in APAC, particularly fueled by export business in China. This allowed us to offset the weakness of the transport market in AMERICAS, which suffered from a slow start to the year. Adjusted for currency effects, sales in the transport business line increased by 6.1% in the first half of 2026. In the second quarter of 2026, sales rose by 5.6% to €218.7 million (Q2 2025: €207.1 million). In addition to the continued strong business performance of JOST in EMEA and APAC, we also observed a sequential improvement in demand in the transport sector in AMERICAS, although demand remained slightly below the previous year's level. Adjusted for currency effects, sales in the transport business line increased by 5.8% in the second quarter of 2026 compared to the previous year. In the agriculture business line, we significantly increased sales in the first half of 2026 by 23.4% to €172.4 million (H1 2025: €139.7 million). The AMERICAS region represents the main growth driver, supported by the ramp-up of organic projects in South America and the beginning of the demand recovery in North America. EMEA and APAC also contributed to the strong growth. Adjusted for currency effects, sales increased by 22.4% in the first six months. In the second quarter of 2026, sales, influenced in particular by the increase in demand in AMERICAS, rose further by 20.2% to €89.8 million (Q2 2025: €74.7 million). Adjusted for currency effects, sales in the second quarter of 2026 increased by 18.0% compared to the previous year. Sales in the hydraulics business line increased by 20.3% to €256.0 million in the first half of 2026 (H1 2025: €212.7 million). These revenues include the aforementioned acquisition effect of €39.1 million. Adjusted for the acquisition and currency effects, sales of hydraulic components still increased organically by 5.5% in the first half of 2026 compared to the previous year. In the second quarter of 2026, JOST increased sales in the hydraulics business line by 20.9% to €131.7 million (Q2 2025: €108.9 million). JOST benefited from rising demand for products for the mining industry and for infrastructure investments. In AMERICAS, we also benefited from cross-selling synergies and from catch-up sales from some projects in Latin America that shifted from the first to the second quarter of 2026 due to production delays at our customers. Additionally, the prior-year base in the hydraulics business line was slightly impacted in the second quarter by the classification of the Cranes business as a discontinued operation. Adjusted for this base effect in € thousands H1 2026 H1 2025 Results of Operations Ǫ2 Sales revenues 440,233 390,744 12.7% Cost of sales -315,451 -281,113 12.2 % Gross profit 124,782 109,631 13.8% Gross margin 28.3 % 28.1 % 0.2%-pp Operating expenses/income -92,019 -91,644 0.4 % Operating profit (EBIT) 32,763 17,987 82.1% Net finance result -8,182 -7,868 4.0% Earnings before tax 24,581 10,119 142.9% Income taxes -8,720 -3,289 165.1 % Earnings after tax from continuing operations 15,861 6,830 132.2% Earnings per share (in €) 0.95 0.45 110.6% in € thousands Ǫ2 2026 Ǫ2 2025 % compared to previous year Sales revenues 857,277 764,446 12.1% Cost of sales -612,318 -553,320 10.7 % Gross profit 244,959 211,126 16.0% Gross margin 28.6 % 27.6 % 1.0 %-pp Operating expenses/income -181,997 -171,551 6.1 % Operating profit (EBIT) 62,962 39,575 59.1% Net finance result -13,953 -12,451 12.1% Earnings before tax 49,009 27,124 80.7% Income taxes -16,655 -7,237 130.1 % Earnings after tax from continuing operations 32,354 19,887 62.7% Earnings per share (in €) 2.00 1.32 51.2% % compared to previous year and currency effects, sales of hydraulic components increased organically by 8.5% in the second quarter of 2026 compared to the previous year. In the first half of 2026, the cost of sales increased by 10.7%, slower than the sales growth of 12.1%. Accordingly, JOST's gross margin rose by 1.0 percentage point to 28.6% compared to the same period of the previous year (H1 2025: 27.6%). This improvement is primarily attributable to a more favorable regional mix. Sales in APAC grew by 19.6% significantly faster than Group 9 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Reconciliation of Adjusted Earnings H1 in € thousands H1 2026 H1 2025 EBIT 62,962 39,575 D&A from PPA / Step-up inventories 17,870 26,795 Other effects 7,105 6,426 Adjusted EBIT 87,937 72,796 Adjusted EBIT margin 10.3% 9.5% Depreciation of property, plant and equipment 21,846 20,192 Amortization of intangible assets 3,494 2,693 Write-ups of intangible assets 0 -1,278 Adjusted EBITDA 113,277 94,403 Adjusted EBITDA margin 13.2% 12.3% Reconciliation of Adjusted Earnings Ǫ2 in € thousands Ǫ2 2026 Ǫ2 2025 sales , thereby increasing the region's share of sales revenue. Since JOST achieves higher margins in APAC than in other regions, this regional shift had a positive impact on the gross margin. The balance of operating expenses and income increased by 6.1% year-on-year to €-182.0 million, primarily due to the consolidation of an additional month (January) of Hyva (H1 2025: €-171.6 million). The Group's selling expenses rose by €7.6 million to €104.5 million due to higher sales volume and increased freight costs (H1 2025: €96.9 million). Research and development expenses also increased by €1.8 million to €17.0 million compared to the previous year (H1 2025: €15.3 million). Administrative expenses rose slightly by €3.0 million to €61.2 million in the first half of 2026 (H1 2025: €58.2 million). Earnings before interest and taxes (EBIT) increased by 59.1% to €63.0 million in the first half of 2026 (H1 2025: €39.6 million). In addition to increased sales and the ramp-up of synergy effects, the significant improvement in operating profit resulted from the fact that the previous year was negatively impacted by exceptionals from the Hyva consolidation, in particular higher depreciation and amortization from the purchase price allocation (PPA). Adjusted EBITDA increased by 20.0% to €113.3 million in the first half of 2026 (H1 2025: €94.4 million). The adjusted EBITDA margin improved by 0.9 percentage points to 13.2% (H1 2025: 12.3%). In the second quarter of 2026, adjusted EBITDA grew by 15.8% to €56.6 million (Q2 2025: €48.9 million). The adjusted EBITDA margin improved by 0.4 percentage points to 12.9% (Q2 2025: 12.5%). Adjusted EBIT increased disproportionately to sales in the first half of 2026 by 20.8% to €87.9 million (H1 2025: €72.8 million), and the adjusted EBIT margin improved by 0.8 percentage points to 10.3% (H1 2025: 9.5%). In the second quarter of 2026, adjusted EBIT rose by 18.5% to €43.9 million (Q2 2025: €37.0 million), and the adjusted EBIT margin improved by 0.5 percentage points to 10.0% (Q2 2025: 9.5%). The increase in the adjusted EBIT margin compared to the previous year is attributable, among other things, to organic growth and the further ramp-up of Hyva synergies. The aforementioned change in the regional mix also led to an improvement in the Group's profitability. EBIT 32,763 17,987 D&A from PPA / Step-up inventories 8,929 15,610 Other effects 2,192 3,451 Adjusted EBIT 43,884 37,048 Adjusted EBIT margin 10.0% 9.5% Depreciation of property, plant and equipment 11,114 10,028 Amortization of intangible assets 1,629 1,811 Adjusted EBITDA 56,627 48,887 Adjusted EBITDA margin 12.9% 12.5% In the first half of 2026, expenses totaling €25.0 million were adjusted for exceptionals (H1 2025: €33.2 million). This adjustment primarily involved non-operating and non-cash exceptionals from depreciation and amortization of purchase price allocations (PPA amortization and depreciation) amounting to €17.9 million in the first half of 2026 (H1 2025: €26.8 million). The year-on-year reduction is attributable to the fact that PPA amortization and depreciation on inventory step-ups will no longer occur in fiscal year 2026. Other effects increased by €0.7 million to €7.1 million in the first six months of 2026 (H1 2025: €6.4 million). The main drivers for this increase were provisions for portfolio optimization projects in APAC, which were booked in the first quarter of 2026. In addition, one-off expenses for personnel measures and for the optimization of business processes within the framework of the Hyva integration were adjusted under other effects in the second quarter of 2026. 10 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information The net finance result deteriorated slightly in the first half of 2026 by €1.5 million to €-14.0 million (H1 2025: €-12.5 million). This development is primarily attributable to currency losses. In the second quarter of 2026, the net finance result decreased by €0.3 million to €-8.2 million (Q2 2025: €-7.9 million), also mainly influenced by currency effects. The financial result also included a positive financial gain of €0.3 million in the second quarter of 2026 from the measurement of the put option for the acquisition of the remaining 25% minority stake in the Hyva Group's recycling business in South America, which is adjusted accordingly in the adjusted earnings after tax. Key Business Events Earnings before tax rose by 80.7% to €49.0 million in the first half of 2026 (H1 2025: €27.1 million). This strong increase is attributable to the positive operational performance and the reduction of exceptionals from the Hyva consolidation, particularly higher depreciation and amortization from the purchase price allocation (PPA), compared to the previous year. In the second quarter of 2026, earnings before tax more than doubled to €24.6 million (Q2 2025: €10.1 million). Income tax expenses increased to €16.7 million in the first half of 2026 (H1 2025: €7.2 million). In the second quarter of 2026, income tax expenses rose to €8.7 million (Q2 2025: €3.3 million). The year-on-year increase is partly due to deferred tax effects. Earnings after tax improved by 62.7% to €32.4 million in the first half of 2026 (H1 2025: €19.9 million). Of this, €31.8 million was attributable to shareholders of JOST Werke SE (H1 2025: €19.7 million) and €0.5 million to non-controlling interests (H1 2025: €0.2 million). In the second quarter of 2026, earnings after tax increased significantly by 132.2% to €15.9 million (Q2 2025: €6.8 million). Of this, €15.6 million was attributable to shareholders of JOST Werke SE (Q2 2025: €6.7 million) and €0.2 million to non-controlling interests (Q2 2025: €0.1 million). In February 2026, JOST carried out a capital increase, which raised the number of outstanding shares to 16,390,000 shares Key Business Event s . Since these new shares were outstanding for the whole of the second quarter of 2026 but only from February 25, 2026, in the first half of 2026, the weighted average number of shares in the second quarter of 2026 was correspondingly higher at 16.4 million shares than in the first half of 2026 at 15.9 million shares (Q2 2025 and H1 2025: 14.9 million shares each). Despite the higher number of shares outstanding in the current fiscal year, JOST was able to significantly increase earnings per share due to its strong operational performance. In the first half of 2026, earnings per share rose by 51.2% to €2.00 (H1 2025: €1.32). In the second quarter of 2026, they even doubled to €0.95 (Q2 2025: €0.45). Adjusted for the aforementioned exceptionals, earnings after tax in the first half of 2026 increased by 17.9% to €52.9 million (H1 2025: €44.9 million), and adjusted earnings per share, also taking into account the increased number of shares, rose by 9.6% to €3.29 (H1 2025: €3.00). In the second quarter of 2026, adjusted earnings after tax improved by 19.1% to €24.6 million (Q2 2025: €20.7 million), and adjusted earnings per share increased by 7.1% to €1.48 (Q2 2025: €1.38). 11 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Segments Segment Reporting H1 2026 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements Segment Reporting H1 2025 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements Sales revenues 1 610,081 409,102 200,979 24,411 14,939 6.0 % 39,350 9.6 % 229,098 224,880 4,218 27,182 5,089 12.1 % 32,271 14.4 % 270,700 223,295 47,405 34,446 5,312 15.4 % 39,758 17.8 % -252,602 0 -252,602 1,898 0 1,898 857,277 2 of which: external sales revenues 1 857,277 of which: internal sales revenues 1 0 Adjusted EBIT 3 87,937 of which: depreciation and amortization 25,340 Adjusted EBIT margin 10.3 % Adjusted EBITDA 3 113,277 Adjusted EBITDA margin 13.2 % Sales revenues 1 561,120 376,057 185,063 22,341 12,089 5.9 % 34,430 9.2 % 204,796 201,671 3,125 21,950 4,752 10.9 % 26,702 13.2 % 228,229 186,718 41,511 26,417 4,766 14.1 % 31,183 16.7 % -229,699 0 -229,699 2,088 0 2,088 764,446 2 of which: external sales revenues 1 764,446 of which: internal sales revenues 1 0 Adjusted EBIT 3 72,796 of which: depreciation and amortization 21,607 Adjusted EBIT margin 9.5 % Adjusted EBITDA 3 94,403 Adjusted EBITDA margin 12.3 % 1) Sales by destination during the reporting period: EMEA: €399,272 thousand AMERICAS: €228,045 thousand APAC: €229,960 thousand 2) Sales revenue in the segments are shown by origin. 3) The share of profit or loss of equity method investments is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €1,898 thousand. 1) Sales by destination during the reporting period: EMEA: €366,395 thousand AMERICAS: €205,166 thousand APAC: €192,885 thousand 2) Sales revenue in the segments are shown by origin. 3) The share of profit or loss of equity method investments is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €2,088 thousand. 12 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Segment Reporting Ǫ2 2026 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements Segment Reporting Ǫ2 2025 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements Sales revenues 1 308,044 205,944 102,100 8,827 7,488 4.3 % 16,315 7.9 % 122,938 121,021 1,917 16,151 2,603 13.3 % 18,754 15.5 % 137,195 113,268 23,927 17,818 2,652 15.7 % 20,470 18.1 % -127,944 0 -127,944 1,088 0 1,088 440,233 2 of which: external sales revenues 1 440,233 of which: internal sales revenues 1 0 Adjusted EBIT 3 43,884 of which: depreciation and amortization 12,743 Adjusted EBIT margin 10.0 % Adjusted EBITDA 3 56,627 Adjusted EBITDA margin 12.9 % Sales revenues 1 284,160 188,063 96,097 10,940 6,654 5.8 % 17,594 9.4 % 105,111 103,319 1,792 11,347 2,452 11.0 % 13,799 13.4 % 119,748 99,362 20,386 13,647 2,733 13.7 % 16,380 16.5 % -118,275 0 -118,275 1,114 0 1,114 390,744 2 of which: external sales revenues 1 390,744 of which: internal sales revenues 1 0 Adjusted EBIT 3 37,048 of which: depreciation and amortization 11,839 Adjusted EBIT margin 9.5 % Adjusted EBITDA 3 48,887 Adjusted EBITDA margin 12.5 % 1) Sales by destination during the reporting period: EMEA: €201,320 thousand AMERICAS: €122,705 thousand APAC: €116,208 thousand 2) Sales revenue in the segments are shown by origin. 3) The share of profit or loss of equity method investments is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €1,088 thousand. 1) Sales by destination during the reporting period: EMEA: €177,791 thousand AMERICAS: €108,761 thousand APAC: €104,192 thousand 2) Sales revenue in the segments are shown by origin. 3) The share of profit or loss of equity method investments is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €1,114 thousand. 13 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information EMEA In EMEA, we increased sales by 8.8% to €409.1 million in the first half of 2026 (H1 2025: €376.1 million). This revenue increase is partly attributable to the expansion of the scope of consolidation, as Hyva was only included from February 1, 2025, in the previous year, whereas the entire first half of 2026 was consolidated. This acquisition effect amounted to €10.1 million in EMEA. Adjusted for acquisition and currency effects, sales in EMEA increased by 5.6% in the first half of 2026 compared to the previous year. Organic growth was driven in particular by increased demand for JOST products in the transport and agriculture business lines. Adjusted EBITDA in EMEA increased by 14.3% to €39.4 million in the first half of 2026 (H1 2025: €34.4 million). The adjusted EBITDA margin improved by 0.4 percentage points to 9.6% (H1 2025: 9.2%). Adjusted EBIT rose by 9.3% to €24.4 million (H1 2025: €22.3 million), and the adjusted EBIT margin improved by 0.1 percentage points to 6.0% (H1 2025: 5.9%). This improvement in profitability is primarily attributable to increased business volume, the ramp-up of synergies, and the higher proportion of off-highway products in the product mix. In the second quarter of 2026, sales in EMEA increased by 9.5% to €205.9 million (Q2 2025: €188.1 million). The prior-year comparison was affected by the classification of the Cranes business as a discontinued operation: The reclassification from continuing operations was carried out in a single step in the second quarter of 2025 for the entire five months from February to June 2025, of which two months are economically attributable to the first quarter of 2025. The reported sales growth on a quarter-on-quarter basis is therefore higher. Adjusted for currency effects and these base effects, sales in EMEA grew by 3.1%. Adjusted EBITDA decreased to €16.3 million in the second quarter of 2026 (Q2 2025: €17.6 million). The adjusted EBITDA margin reached 7.9% (Q2 2025: 9.4%). Adjusted EBIT fell to €8.8 million (Q2 2025: €10.9 million), and the adjusted EBIT margin amounted to 4.3% (Q2 2025: 5.8%). The decline in profitability is primarily due to an adjustment in our business model starting in the second quarter of 2026: High-margin international sales, which were previously processed centrally via Hyva companies in EMEA, are now partially processed directly in the AMERICAS and APAC regions via the sales companies there. This effect is structural in nature and will permanently shape the margin structure of the EMEA region. In addition, an increase in input and logistics costs as well as inefficiencies in the supply chain as a result of the military conflict in Iran further burdened operational development in EMEA from the second quarter of 2026. The margin comparison to the same quarter of the previous year is slightly distorted by the aforementioned reclassification of the low-margin Cranes business as a discontinued operation. However, this effect is irrelevant for the first half of the year, as the Cranes business was fully reported as discontinued operations in the first half of 2025, making the comparison basis consistent across both periods. AMERICAS In AMERICAS, sales increased by 11.5% to €224.9 million in the first half of 2026 (H1 2025: €201.7 million). The acquisition effect from the full consolidation of Hyva amounted to €9.2 million in the first half of 2026. Adjusted for acquisition and currency effects, sales in AMERICAS increased by 9.9% in the first half of 2026. JOST was able to acquire further customers in North America with its local-for-local approach, thereby increasing its market penetration. The expansion of the agricultural components business in Latin America, cross-selling synergies from the Hyva integration, and catch-up sales in the hydraulics business line also had a positive impact. The latter was partially realized in the second quarter of 2026 due to customer timing effects. Adjusted EBITDA increased by 20.9% to €32.3 million in the first half of 2026 (H1 2025: €26.7 million). The adjusted EBITDA margin improved to 14.4% (H1 2025: 13.2%). Adjusted EBIT rose by 23.8% to €27.2 million (H1 2025: €22.0 million), and the adjusted EBIT margin improved by 1.2 percentage points to 12.1% (H1 2025: 10.9%). This improvement in profitability is primarily attributable to the continued realization of synergies from the Hyva acquisition, a more favorable product mix, and increased business volume. In AMERICAS, sales increased by 17.1% to €121.0 million in the second quarter of 2026 (Q2 2025: €103.3 million). The prior-year base figure is slightly impacted by the classification of the Cranes business as a discontinued operation. Adjusted for currency effects and this base effect, sales grew organically by 14.2%. Adjusted EBITDA rose sharply by 35.9% to €18.8 million in the second quarter of 2026 (Q2 2025: €13.8 million). The adjusted EBITDA margin improved by 2.1 percentage points to 15.5% (Q2 2025: 13.4%). Adjusted EBIT increased by 42.3% to €16.2 million (Q2 2025: €11.3 million), and the adjusted EBIT margin rose by 2.3 percentage points to 13.3% (Q2 2025: 11.0%). This significant improvement in profitability is primarily attributable to increased business volume and a better product mix with a higher proportion of off-highway products. The adjustment of our business model from the second quarter of 2026 also had a positive impact, as it allows high-margin sales previously processed through Hyva companies in EMEA to now be reported directly in AMERICAS. APAC In the first half of 2026, we increased sales in APAC by 19.6% to €223.3 million (H1 2025: €186.7 million). The acquisition effect from the full consolidation of Hyva amounted to €19.8 million. Adjusted for acquisition and currency effects, sales in APAC rose sharply by 14.6% in the first half of 2026. JOST continued to benefit from the growing export business in China, particularly in the transport business line. Demand also increased significantly in all business lines in India. Demand for hydraulic cylinders and components for the construction and mining industries developed particularly strongly, contributing to significant organic growth in the hydraulics business line in China and India. Even greater growth was only hampered by the temporary market weakness in Indonesia. There is currently a certain reluctance to buy there, which presents corresponding growth potential for JOST as soon as sentiment changes. 14 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information In APAC, adjusted EBITDA increased by 27.5% to €39.8 million in the first half of 2026 compared to the previous year (H1 2025: €31.2 million). The adjusted EBITDA margin improved by 1.1 percentage points to 17.8% (H1 2025: 16.7%), reflecting the continued acceleration of synergies from integration in the region. Adjusted EBIT grew by 30.4% to €34.4 million in the first half of 2026 (H1 2025: €26.4 million). The adjusted EBIT margin improved by 1.3 percentage points to 15.4% (H1 2025: 14.1%). In APAC, we increased sales by 14.0% to €113.3 million in the second quarter of 2026 (Q2 2025: €99.4 million). The prior-year base is also slightly impacted by the aforementioned classification of the Cranes business as a discontinued operation. Adjusted for currency effects and this base effect, sales in APAC grew by 14.8%. Adjusted EBITDA increased by 25.0% to €20.5 million in the second quarter of 2026 (Q2 2025: €16.4 million). The adjusted EBITDA margin improved by 1.6 percentage points to 18.1% (Q2 2025: 16.5%). Adjusted EBIT increased by 30.6% to €17.8 million (Q2 2025: €13.6 million), and the adjusted EBIT margin improved by 2.0 percentage points to 15.7% (Q2 2025: 13.7%). This was primarily due to the continued synergy ramp-up and high capacity utilization. Furthermore, the aforementioned adjustment to our business model, effective from the second quarter of 2026, also had a positive impact, as it allows high-margin sales, previously processed centrally through Hyva companies in EMEA, to now be realized directly in APAC. Net Assets Condensed Balance Sheet Assets Equity and Liabilities Property, plant and equipment increased slightly to €237.7 million (December 31, 2025: €235.0 million). Current assets increased by €76.4 million to €784.1 million (December 31, 2025: €707.7 million). The main driver was the increase in trade receivables by €60.9 million to €262.6 million compared to the previous reporting date (December 31, 2025: €201.7 million). Inventories also rose by €39.3 million to €300.5 million (December 31, 2025: €261.2 million). The increase in trade receivables and inventories is primarily attributable to rising business volume and partly to seasonal effects. At the same time, the military conflict in Iran has led to increased precautionary measures in supply chains, which have forced us to adjust our safety stock levels. This situation partially influenced the increase in inventories. Other current assets increased by €13.7 million to €50.8 million (December 31, 2025: €37.1 million). Conversely, other current financial assets decreased by €8.3 million to €9.7 million (December 31, 2025: €18.0 million). Cash and cash equivalents decreased by €29.2 million to €152.0 million as of June 30, 2026 (December 31, 2025: €181.1 million). In the first six months of the year, the Company's equity increased by €105.7 million to €433.9 million (December 31, 2025: €328.1 million). This increase was primarily due to the capital increase against cash contribution carried out in February 2026 Key business event s : This resulted in a 10% increase in the Company's share capital through the issuance of 1,490,000 new bearer shares with a notional interest in the share capital of €1.00 each. The new shares were placed with institutional investors via an accelerated bookbuilding process at a price of €62.13 per share. This generated gross proceeds of €92.6 million. Of this amount, €1.5 million is Noncurrent assets 826,545 839,291 Current assets 784,123 707,712 1,610,668 1,547,003 in € thousands June 30, 2026 Dec 31, 2025 in € thousands June 30, 2026 Dec 31, 2025 recorded in subscribed capital and €89.9 million (less transaction costs of €1.2 million after tax Equity 433,854 328,149 Noncurrent liabilities 672,079 691,934 Current liabilities 504,735 526,920 1,610,668 1,547,003 effects; gross €1.7 million) in the capital reserves. Furthermore, the earnings after tax of €32.4 million achieved in the first half of 2026 increased equity. Non-cash and non-operating currency effects from the currency translation of foreign subsidiaries, amounting to €13.8 million, also had a positive impact. Conversely, the distribution of dividends totaling €24.6 million in the second quarter of 2026 reduced equity. In the first six months of 2026, JOST's total assets increased by €63.7 million to €1,610.7 million (December 31, 2025: €1,547.0 million). This is mainly due to the increase in short-term assets. Long-term assets decreased slightly by €12.7 million to €826.5 million as of June 30, 2026 (December 31, 2025: €839.3 million). The main reason for this was the decrease in other intangible assets by €13.4 million to €383.4 million due to scheduled depreciation and amortization (December 31, 2025: €396.7 million). Conversely, goodwill increased by €2.7 million to €158.6 million, primarily due to currency effects (December 31, 2025: €155.9 million). The equity ratio improved to 26.9% as of June 30, 2026 (December 31, 2025: 21.2%) due to the increase in equity. Long-term liabilities decreased by €19.9 million to €672.1 million as of June 30, 2026, compared to year-end (December 31, 2025: €691.9 million). It consists primarily of interest-bearing loans from credit institutions, pension obligations, deferred tax liabilities, and other long-term financial liabilities. With the exercise of the put option for the recycling business in South America by the minority shareholders in the second quarter of 2026, the associated purchase price liability was reclassified from other long-term to other short-term financial liabilities. This is the main reason for the reduction in other long-term financial liabilities by €16.3 million to €61.9 million (December 31, 2025: €78.2 million). Long-term interest-bearing loans and borrowings 15 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information remained stable at €502.7 million (December 31, 2025: €502.6 million). Other significant items, such as pension obligations (€44.7 million) and deferred tax liabilities (€54.1 million), also changed only slightly in the first six months of the year. Short-term liabilities decreased by €22.2 million to €504.7 million as of June 30, 2026 (December 31, 2025: €526.9 million). The main driver was the reduction of short-term interest-bearing loans and borrowings by €90.5 million to €27.7 million (December 31, 2025: €118.2 million), as JOST used the net proceeds from the capital increase to repay the drawn short-term revolving credit facility. Conversely, trade payables increased by €49.8 million to €279.6 million (December 31, 2025: €229.8 million). This is partly attributable to seasonal effects and the increase in safety stocks to minimize potential adverse effects from disruptions or delays in supply chains due to the military conflict in Iran. Furthermore, other short-term liabilities increased by €7.5 million to €86.3 million (December 31, 2025: €78.8 million). Other short-term financial liabilities rose by €11.4 million to €40.7 million, partly due to the aforementioned reclassification of the purchase price liability (December 31, 2025: €29.3 million). Contract liabilities decreased by €1.6 million to €19.8 million (December 31, 2025: €21.4 million). As of June 30, 2026, net debt (excluding IFRS 16 liabilities) decreased by €61.3 million to €380.2 million (December 31, 2025: €441.6 million). This is primarily attributable to the capital increase against cash contributions carried out in the first quarter of 2026. The distribution of dividend in the second quarter of 2026, in turn, had a negative impact on net debt. The achieved reduction in net debt, combined with the increase in adjusted EBITDA, led to a significant improvement in the leverage ratio (ratio of net debt to adjusted EBITDA for the last twelve months, excluding IFRS 16 liabilities). It fell to 1.81x as of June 30, 2026 (December 31, 2025: 2.27x). This brings our leverage ratio back within the target range of 1.0x to 2.0x. This gives us the necessary financial flexibility to further advance our M&A strategy. The factoring agreements for the sale of trade receivables have not changed significantly compared to the end of the year. The receivables sold increased to €59.0 million as of June 30, 2026 (December 31, 2025: €54.5 million). Working capital is further impacted by seasonal effects compared to December 31, 2025, as it is typically lower at the end of the year than during the year. Compared to the same period of the previous year, working capital increased by €6.4 million to €283.5 million (June 30, 2025: €277.1 million). The ratio of working capital to last-twelve-months sales improved slightly to 17.4% compared to the same quarter of the previous year (June 30, 2025: 17.5%). Working Capital in € thousands June 30, 2026 Dec 31, 2025 June 30, 2025 Inventories 300,488 261,175 273,857 Trade receivables 262,572 201,696 224,105 Trade payables -279,550 -229,773 -220,876 Total 283,510 233,098 277,086 Working capital as a percentage of sales, LTM 17.4 % 14.8 % 17.5 % Working capital increased by €50.4 million to €283.5 million in the first six months of 2026 (December 31, 2025: €233.1 million). The main reason for this increase is the aforementioned rise in inventories and trade receivables compared to December 31, 2025. Trade payables also increased, but the rise in receivables was higher due to the increased level of activity. The ratio of working capital to last-twelve months sales accordingly rose to 17.4% compared to year-end (December 31, 2025: 14.8%). 16 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Financial Position Cash Flow H1 in € thousands H1 2026 H1 2025 1) Cash flow from operating activities 34,786 56,622 of which change in net working capital -47,469 8,372 Cash flow from investing activities -13,176 -343,275 of which payments to acquire intangible assets and property, plant, and equipment -19,071 -17,272 of which payments to acquire subsidiaries, net of cash acquired -730 -328,928 Cash flow from financing activities -52,832 299,101 Net change in cash and cash equivalents -31,222 12,448 Change in cash and cash equivalents due to exchange rate movements 2,069 -12,472 Cash and cash equivalents at January 1 181,127 129,668 Cash and cash equivalents as of June 30 151,974 129,644 1) Prior-year figures have been changed; see note 16 and 20 in the consolidated financial statements as of December 31, 2025. Cash Flow Ǫ2 in € thousands Ǫ2 2026 Ǫ2 2025 1) Cash flow from operating activities 26,756 11,188 of which change in net working capital -4,255 4,521 Cash flow from investing activities -7,165 -10,508 of which payments to acquire intangible assets and property, plant, and equipment -9,415 -10,594 of which payments to acquire subsidiaries, net of cash acquired -730 -1,637 Cash flow from financing activities -43,522 -10,095 Net change in cash and cash equivalents -23,931 -9,415 Change in cash and cash equivalents due to exchange rate movements 851 -9,995 Cash and cash equivalents as of April 1 175,054 149,054 Cash and cash equivalents as of June 30 151,974 129,644 1) Prior-year figures have been changed; see note 16 and 20 in the consolidated financial statements as of December 31, 2025. In the second quarter of 2026, cash flow from operating activities increased by €15.6 million to €26.8 million (Q2 2025: €11.2 million). This improvement is primarily attributable to changes in working capital, particularly the increase in trade payables. In the first half of 2026, cash flow from operating activities decreased to €34.8 million (H1 2025: €56.6 million). This decline is largely due to the increase in inventories and trade receivables. The main drivers of this development were the higher level of activity compared to the previous year and the build-up of safety stocks compared to the end of 2025. Cash flow from investing activities improved in the second quarter of 2026 to €-7.2 million (Q2 2025: €-10.5 million), partly due to a slight decrease in investments in property, plant and equipment and intangible assets to €-9.4 million (Q2 2025: €-10.6 million). In the first six months of 2026, cash flow from investing activities amounted to €-13.2 million (H1 2025: €-343.3 million). This significant change is related to the acquisition of the Hyva Group in the previous year, which resulted in payments for the acquisition of subsidiaries of €-328.9 million in the same period of 2025. In the first six months of 2026, investments in property, plant and equipment and intangible assets (excluding acquisitions) increased slightly to €-19.1 million (H1 2025: €-17.3 million). Free cash flow (cash flow from operating activities less payout for the acquisition of property, plant and equipment and intangible assets, excluding cash inflows and outflows for acquisitions) increased to €17.3 million in the second quarter of 2026 (Q2 2025: €0.6 million). In the first six months of 2026, free cash flow amounted to €15.7 million (H1 2025: €39.4 million). Cash flow from financing activities amounted to €-43.5 million in the second quarter of 2026 (Q2 2025: €-10.1 million). The decline is primarily attributable to the fact that the second quarter of 2025 was impacted by the placement of a promissory note loan, the proceeds of which were used to repay the Hyva bridge financing. Furthermore, dividends paid increased to €-24.6 million in the second quarter of 2026 (Q2 2025: €-22.4 million). In the first half of 2026, cash flow from financing activities amounted to €-52.8 million (H1 2025: €299.1 million). The significant decrease is mainly due to the fact that the previous year was characterized by substantial debt financing for the Hyva acquisition. In the first half of 2026, this was offset by an inflow of funds from the capital increase amounting to €92.6 million, for which there was no corresponding effect in the previous year. Compared to the same quarter of the previous year, cash and cash equivalents increased to €152.0 million in the second quarter of 2026 (Q2 2025: €129.6 million). 17 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Opportunities and Risks JOST's risk and opportunity situation has not changed significantly since the preparation of the Annual Group Report 2025 on March 23, 2026. Further details can be found on pages 53 ff. of the Annual Group Report 2025. While the global economic situation has become more fragile due to the ongoing military conflict in Iran, we currently see only limited direct impacts on our business that could lead to a potential deviation from planned sales or EBIT. The conflict increases the volatility of the economic forecast for 2026, primarily due to potentially higher energy prices in the long term. These indirect effects on JOST and the global economy are currently difficult to quantify. There is therefore a risk that economic momentum will weaken over the course of the year, negatively impacting our business. Furthermore, the conflict has increased volatility in the commodity and energy markets, as well as uncertainties regarding international supply chains. Nevertheless, the International Monetary Fund, in its latest study from July 2026, has reaffirmed that economic growth in the economies relevant to JOST is likely to continue despite the military conflict in Iran. Accordingly, we consider the resulting risk to be manageable from today's perspective. ‌Outlook Against the backdrop of current market expectations for 2026 and taking into account the operational development to date, JOST confirms its outlook for the 2026 fiscal year. JOST expects sales revenue to increase by a single-digit percentage in the fiscal year 2026 compared to the previous year (2025: €1,534.2 million). Adjusted EBIT for 2026 is expected to grow more strongly than sales, by a mid- to high single-digit percentage compared to the previous year (2025: €145.2 million). For this reason, the adjusted EBIT margin for 2026, supported by the realization of further synergies from the Hyva integration, is expected to be higher than the previous year (2025: 9.5%). The current forecast is based on the assumption that the economic situation in our most important markets will not deteriorate unexpectedly. Capex (excluding acquisitions) in 2026 will be focused on further advancing the integration of Hyva and realizing remaining synergies. We expect our capex to be around 2.8% of sales in 2026 (2025: 2.8%). Net working capital as a percentage of sales is expected to be within our target range of 17.5% to 18.5% in fiscal year 2026 (2025: 14.8%). Excluding any acquisitions, our leverage ratio (net debt to adjusted EBITDA ratio) should improve further year-on-year and be clearly below the 2.0x mark (2025: 2.27x). From today's perspective, and taking into account the operational development of the Group, the Executive Board is convinced that JOST's economic position is very strong. Our broad product portfolio and the diversity of our end markets increase the Group's flexibility and improve our ability to quickly absorb regional, cyclical fluctuations in demand. The Group's solid financial and economic position offers JOST numerous opportunities to successfully implement its long-term corporate strategy and to tap into new growth opportunities. The Executive Board of JOST Werke SE Neu-Isenburg, August 13, 2026 18 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS UNTIL JUNE 30, 2026 Consolidated Income Statement - by Function of Expense Method Consolidated Statement of Total Comprehensive Income Consolidated Balance Sheet Consolidated Statement of Changes in Equity 25 C onsolidated Statement of Cash Flows 26 N otes to the Condensed Group Financial Statements 19 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Consolidated Income Statement - by Function of Expense Method in € thousands Notes H1 2026 H1 2025 Ǫ2 2026 Ǫ2 2025 Sales revenues (6) 857,277 764,446 440,233 390,744 Cost of sales -612,318 -553,320 -315,451 -281,113 Gross profit 244,959 211,126 124,782 109,631 Selling Expenses (7) -104,453 -96,856 -53,035 -52,425 Research and development expenditures -17,038 -15,257 -8,264 -8,396 Administrative expenses -61,222 -58,186 -30,848 -29,232 Other income (8) 6,273 4,885 2,659 1,773 Other expenses (8) -7,455 -8,225 -3,619 -4,478 Share of the profit or loss from investments accounted for using the equity method 1,898 2,088 1,088 1,114 Operating profit (EBIT) 62,962 39,575 32,763 17,987 Result from the net position of monetary items in accordance with IAS 29 -174 -73 -47 -18 Financial income (9) 21,759 21,942 11,032 5,636 Financial expenses (9) -35,538 -34,320 -19,167 -13,486 Net finance result -13,953 -12,451 -8,182 -7,868 Earnings before tax 49,009 27,124 24,581 10,119 Income taxes (10) -16,655 -7,237 -8,720 -3,289 Net profit from continuing operations 32,354 19,887 15,861 6,830 Net profit from discontinued operations IFRS 5 0 -131 0 -131 Earnings after tax 32,354 19,756 15,861 6,699 of which attributable to non-controlling interests 517 187 239 88 of which attributable to shareholders of JOST Werke SE 31,837 19,569 15,622 6,611 Weighted average number of shares 15,929,006 14,900,000 16,390,000 14,900,000 Basic and diluted earnings per share (in €) 1 (11) 2.00 1.31 0.95 0.44 Basic and diluted earnings per share from continuing operations (in €) 1 (11) 2.00 1.32 0.95 0.45 1) Earnings after tax excluding non-controlling interests 20 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Consolidated Statement of Total Comprehensive Income in € thousands H1 2026 H1 2025 Ǫ2 2026 Ǫ2 2025 Earnings after tax 32,354 19,887 15,861 6,830 Items that may be reclassified to profit or loss in subsequent periods Exchange differences on translating foreign operations 13,012 -57,062 2,739 -41,374 Exchange difference from investments accounted for using the equity method 915 -23 179 -300 Hyperinflation adjustments according to IAS 29 299 269 105 74 Gains and losses from hedge accounting -220 150 43 -389 Amounts reclassified to profit or loss from hedge accounting -173 -80 22 83 Deferred taxes relating to hedge accounting 79 -10 -14 70 Items that will not be reclassified to profit or loss Remeasurements of defined benefit pension plans -263 1,890 -760 -282 Deferred taxes relating to defined benefit pension plans 61 -414 162 62 Fair value changes on equity instruments designated at FVOCI -7,415 0 -7,415 0 Other comprehensive income 6,295 -55,280 -4,939 -42,056 of which other comprehensive income attributable to non-controlling interests 156 -520 62 -420 of which share of other comprehensive income attributable to shareholders of JOST Werke SE 6,139 -54,760 -5,000 -41,637 Total comprehensive income 38,649 -35,393 10,922 -35,226 of which total comprehensive income attributable to non-controlling interests 673 -333 301 -332 of which total comprehensive income attributable to shareholders of JOST Werke SE 37,976 -35,191 10,622 -35,026 21 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Consolidated Balance Sheet Assets in € thousands Notes June 30, 2026 Dec 31, 2025 Noncurrent assets Goodwill 158,638 155,942 Other intangible assets 383,357 396,735 Property, plant, and equipment 237,739 234,962 Investments accounted for using the equity method 14,685 13,494 Deferred tax assets 20,347 20,127 Other noncurrent financial assets (14), (15) 5,859 13,161 Other noncurrent assets 5,920 4,870 Current assets 826,545 839,291 Inventories 300,488 261,175 Trade receivables (14) 262,572 201,696 Receivables from income taxes 8,610 8,640 Other current financial assets (14), (15) 9,677 17,999 Other current assets 50,802 37,075 Cash and cash equivalents (14) 151,974 181,127 Total assets 784,123 707,712 1,610,668 1,547,003 22 | JOST Werke SE Group Interim Report First Half of 2026 Equity and Liabilities in € thousands Notes June 30, 2026 Dec 31, 2025 Equity Subscribed capital 16,390 14,900 capital reserves 395,904 306,048 Other reserves -88,749 -94,888 Retained earnings 109,608 100,616 Equity attributable to shareholders of JOST Werke SE 433,153 326,676 non-controlling interests 701 1,473 Noncurrent liabilities 433,854 328,149 Pension obligations (16) 44,667 44,609 Other provisions 7,608 8,350 Interest-bearing loans and borrowings (17) 502,700 502,605 Deferred tax liabilities 54,133 57,022 Other noncurrent financial liabilities (14), (18) 61,871 78,220 Other noncurrent liabilities 1,100 1,128 Current liabilities 672,079 691,934 Pension obligations (16) 2,729 2,683 Other provisions 35,967 34,480 Interest-bearing loans and borrowings (17) 27,706 118,187 Trade payables (14) 279,550 229,773 Liabilities from income taxes 12,058 12,297 Contract liabilities 19,776 21,405 Other current financial liabilities (14), (18) 40,670 29,292 Other current liabilities 86,279 78,803 Total equity and liabilities 504,735 526,920 1,610,668 1,547,003 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Consolidated Statement of Changes in Equity Consolidated Statement of Changes in Equity for the Six Months Ended June 30, 2026 Other reserves Consolidated equity Gain/loss from Result from attributable Exchange hyperinflation equity to differences on Remeasurements of adjustments instruments Gain/loss shareholders Total Subscribed capital translating foreign defined benefit according to designated as from hedge Retained of JOST non-controlling consolidated in € thousands capital reserves operations pension plans IAS 29 FVOCI reserve earnings Werke SE interests equity Balance as of January 1, 2026 14,900 306,048 -76,320 -15,989 2,328 -4,855 -52 100,616 326,676 1,473 328,149 Earnings after tax 0 0 0 0 0 0 0 31,837 31,837 517 32,354 Other comprehensive income 0 0 13,771 -263 299 -7,415 -393 0 5,999 156 6,155 Deferred taxes relating to other comprehensive income 0 0 0 61 0 0 79 0 140 0 140 Total comprehensive income 0 0 13,771 -202 299 -7,415 -314 31,837 37,976 673 38,649 Capital increase from placement of shares 1,490 89,856 0 0 0 0 0 0 91,346 0 91,346 Dividends paid 0 0 0 0 0 0 0 -24,585 -24,585 0 -24,585 Acquired non-controlling interests 0 0 0 0 0 0 0 1,445 1,445 -1,445 0 Hyperinflation adjustments according to IAS 29 0 0 0 0 0 0 0 295 295 0 295 Balance as of June 30, 2026 16,390 395,904 -62,549 -16,191 2,627 -12,270 -366 109,608 433,153 701 433,854 23 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Consolidated Statement of Changes in Equity for the Six Months Ended June 30, 2025 differences on Other reserves Consolidated equity Gain/loss from attributable hyperinflation to Remeasurements of adjustments shareholders Total Subscribed capital translating foreign defined benefit according to Result from Retained of JOST non-controlling consolidated in € thousands capital reserves operations pension plans IAS 29 hedge reserve earnings Werke SE interests equity Balance as of January 1, 2025 14,900 344,161 -37,207 -17,455 1,989 -320 99,382 405,450 0 405,450 Earnings after tax 0 0 0 0 0 0 19,943 19,943 -187 19,756 Other comprehensive income 0 0 -57,085 1,890 269 70 0 -54,856 -520 -55,376 Deferred taxes relating to other comprehensive income 0 0 0 -414 0 -10 0 -424 0 -424 Total comprehensive income 0 0 -57,085 1,476 269 60 19,943 -35,337 -707 -36,004 Dividends paid 0 0 0 0 0 0 -22,350 -22,350 0 -22,350 Acquisition of non-controlling shares 0 0 0 0 0 0 0 0 745 745 Hyperinflation adjustments according to IAS 29 0 0 0 0 0 0 141 141 0 141 Balance as of June 30, 2025 14,900 344,161 -94,292 -15,979 2,258 -260 97,116 347,904 38 347,942 24 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Consolidated Statement of Cash Flows in € thousands H1 2026 H1 2025 Ǫ2 2026 Ǫ2 2025 in € thousands H1 2026 H1 2025 Ǫ2 2026 Ǫ2 2025 Earnings before tax 49,009 27,124 24,581 10,119 Depreciation, amortization, impairment losses and reversal of impairment on noncurrent assets 43,210 41,553 21,672 23,088 Net finance result 13,953 12,451 8,182 7,868 of which hyperinflation adjustments pursuant to IAS 29 174 73 47 18 Other noncash expenses and income -1,429 -841 -969 -157 Change in inventories -36,017 -2,914 -16,928 -2,977 Change in trade receivables -58,075 -39,971 -3,836 3,469 Change in trade payables 46,623 51,257 16,509 4,029 Change in other assets and liabilities 1 -3,268 -18,585 -10,043 -25,870 Income tax payments -19,220 -13,452 -12,412 -8,381 Cash flow from operating activities 34,786 56,622 26,756 11,188 Proceeds from sales of intangible assets 0 372 0 0 Payments to acquire intangible assets -3,152 -2,887 -1,272 -1,904 Proceeds from sales of property, plant and equipment 704 285 181 140 Payments to acquire property, plant and equipment -15,919 -14,385 -8,143 -8,690 Payments to acquire subsidiaries, net of cash acquired -730 -328,928 -730 -1,637 Proceeds (+) / payments (-) Loans to third parties 80 0 80 0 Dividends received from joint ventures 4,186 591 1,614 591 Interest received 1,655 1,677 1,105 992 Cash flow from investing activities -13,176 -343,275 -7,165 -10,508 Interest payments -14,416 -13,277 -11,627 -6,667 Payment of interest portion of lease liabilities -2,034 -2,171 -1,074 -1,190 Proceeds from short-term interest-bearing loans and borrowings 5,235 71,569 0 71,386 Proceeds from long-term interest-bearing loans and borrowings 0 664,000 0 314,000 Refinancing costs 0 -960 0 -960 Repayment of short-term interest-bearing loans and borrowings -96,100 -40,092 -870 -38,422 Repayment of long-term interest-bearing loans and borrowings 0 -350,000 0 -320,000 Proceeds from/repayment of other financing activities -1,950 862 855 -2,319 Proceeds from capital increases 92,574 0 0 0 Cash outflows for capital increase transaction costs -1,738 0 -118 0 Dividends paid to the shareholders of the Company -24,585 -22,350 -24,585 -22,350 Repayment of lease liabilities -9,818 -8,480 -6,103 -3,573 Cash flow from financing activities -52,832 299,101 -43,522 -10,095 Net change in cash and cash equivalents -31,222 12,448 -23,931 -9,415 Change in cash and cash equivalents due to exchange rate movements 2,069 -12,472 851 -9,995 Cash and cash equivalents at January 1 / April 1 1 181,127 129,668 175,054 149,054 Cash and cash equivalents at June 30 1 151,974 129,644 151,974 129,644 1) Prior-year figures have been changed; see note 16 and 20 in the consolidated financial statements as of December 31, 2025. 25 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Notes to the Condensed Consolidated Interim Financial Statements FOR THE PERIOD UNTIL JUNE 30, 2026 General Information JOST is a world-leading manufacturer and supplier of safety-related systems for the transport industry, agriculture and hydraulic products. The registered office of JOST Werke SE is located in Neu-Isenburg, Germany. The address is Siemensstraße 2, 63263 Neu-Isenburg. The Company is registered in the commercial register of Offenbach am Main, section B, under number 50149. Shares of JOST Werke SE (hereinafter also referred to as "JOST", "Group", "Company" or "JOST Werke Group") have been traded on the Frankfurt Stock Exchange since July 20, 2017. As of June 30, 2026, the majority of JOST shares are held by institutional investors. The preparation of the consolidated interim financial statements of JOST Werke SE was based on the going concern principle. Principles for the Preparation of the Interim Financial Statements The condensed consolidated interim financial statements (hereinafter also referred to as the "Interim Financial Statements") for the six months ending June 30, 2026 (hereinafter also referred to as the "Reporting Period 2026") comprise JOST Werke SE, its subsidiaries, and a joint venture. These interim financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) in London, as applicable in the European Union (EU), and in accordance with the interpretations issued by the IFRS Interpretations Committee (IFRS IC), as applicable on the reporting date. The interim financial statements are prepared in accordance with IAS 34 Interim Financial Reporting. They do not contain all the disclosures required for a complete consolidated financial statements prepared in accordance with IFRS. Selected explanatory notes are included to explain events and transactions that are material to understanding the changes in the Group's assets, liabilities, financial position, and results of operations since the last consolidated financial statements for the fiscal year ended December 31, 2025. The interim financial statements should be read together with the consolidated financial statements for the fiscal year ended December 31, 2025, which can be downloaded from https://www.jost-world.com/de/ corporate/investors/ . In preparing the interim report, basically the same accounting and consolidation methods were generally applied as in the last consolidated financial statements as of December 31, 2025. The new and amended International Financial Reporting Standards and Interpretations applicable to financial years beginning on or after January 1 2026 had no impact on the current or previous reporting period and are not likely to have a material impact on future periods. JOST is preparing for the transition to IFRS 18 starting in fiscal year 2027. Based on the current project status, reclassifications of the share of profit from investments accounted for using the equity method, costs related to factoring transactions, and hyperinflation and interest rate effects from the financial result into the categories of operating and investing, respectively, are emerging. Key performance indicators for JOST, such as adjusted EBIT, are expected to remain largely unaffected and will continue to be presented via corresponding reconciliations. Final quantification will be subject to further project work and ongoing technical discussions regarding the interpretation of the changes. The Executive Board approved the condensed consolidated interim financial statements of JOST Werke SE for the period ending June 30, 2026 for publication on August 13, 2026. 26 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Mergers and Acquisitions Acquisition of Hyva On October 14, 2024 (completion of the acquisition on January 31, 2025), the subsidiary Jost-Werke International Beteiligungsverwaltung GmbH acquired all shares (100%) of Hyva III B.V., headquartered in Alphen aan den Rijn, Netherlands. The Hyva Group has been included in JOST's consolidated financial statements since February 1, 2025. The revenue, profit and loss of the acquired company have been included in the consolidated statement of total comprehensive income for the reporting period since the acquisition date. (€184 thousand), the acquired net assets total $ 334,344 thousand (€322,354 thousand). The Trade receivables 128,758 total payment amounted to $ 377,954 thousand (€364,318 thousand). The difference between Deferred tax assets 36,551 the aforementioned purchase price and the cash outflow arises primarily from the acquisition of Cash and cash equivalents 37,567 The purchase price for the acquired net assets, including goodwill, amounted to $ 334,153 thousand (€322,170 thousand). Taking into account the minority interests of $ 191 thousand The gross carrying amounts of trade receivables amounted to €138,075 thousand at the acquisition date. The corresponding loss allowance for expected credit losses was €9,317 thousand. The acquired goodwill, as well as the identified assets and assumed liabilities at the acquisition date, are presented in the following overview. in € thousands Intangible assets 245,566 Property, plant, and equipment 43,214 Inventories 127,160 Trade payables -128,491 Interest bearing loans and borrowings -68,842 Deferred tax liabilities -70,707 Provisions for personnel expenses and other provisions -22,752 minority interests after the acquisition date, the cash received, and the repayment of a credit facility held by Hyva with Deutsche Bank Netherlands in connection with the completion of the transaction. the hydraulic cylinder market, and unlock new growth opportunities. Lease liabilities -21,612 Other assets and liabilities -47,087 The goodwill recognized at the acquisition date, amounting to €63,029 thousand, which was Net identifiable assets acquired 259,325 calculated on the basis of the purchase price, results from Hyva's strong market position and the Plus: Goodwill 63,029 With this acquisition, JOST aims to significantly expand its product portfolio, enable entry into expected synergies from the acquisition of market share and know-how in the area of hydraulic production. The goodwill is not impaired as of the balance sheet date and is not tax-deductible. As of the balance sheet date, the goodwill includes negative effects of exchange rate differences of €-3,195 thousand compared to its value at the acquisition date; of this, a positive effect of €3,133 thousand is attributable to the period from January 1 to June 30, 2026. The carrying amount of the goodwill as of the reporting date is €59,834 thousand (December 31, 2025: €56,701 thousand). The fair values of the trademarks and technologies were determined or valued using the relief from royalty method, the fair values of the customer lists using the multi-period excess earnings method, the fair values of inventories at net realizable value, and property, plant and equipment at market value within the framework of purchase price allocation. As part of the purchase price allocation, essentially intangible assets such as customer lists amounting to €120,671 thousand, technologies amounting to €13,768 thousand, trademarks amounting to €107,314 thousand, other intangible assets amounting to €3,813 thousand, tangible assets such as inventories amounting to €127,160 thousand and property, plant and equipment amounting to €43,214 thousand were identified and valued. Net assets acquired 322,354 The former Hyva Group contributed to the consolidated income statement, in the period from January 1 to June 30, 2026, pro rata sales revenue of €255,977 thousand and pro rata profit of €7,316 thousand. 27 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Segment Reporting Segment Reporting until June 30, 2026 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements in € thousands H1 2026 H1 2025 Transport 428,864 411,972 Share of total revenue 50.0 % 53.9 % Agriculture 172,436 139,744 Share of total revenue 20.1 % 18.3 % Hydraulics 255,977 212,730 Share of total revenue 29.9 % 27.8% Total 857,277 764,446 Sales revenues 1 610,081 229,098 270,700 -252,602 857,277 2 of which: external sales revenues 1 409,102 224,880 223,295 0 857,277 of which: internal sales revenues 1 200,979 4,218 47,405 -252,602 0 Adjusted EBIT 3 24,411 27,182 34,446 1,898 87,937 of which: depreciation 14,939 5,089 5,312 0 25,340 Adjusted EBIT margin 6.0 % 12.1 % 15.4 % 10.3 % Adjusted EBITDA 3 39,350 32,271 39,758 1,898 113,277 Adjusted EBITDA margin 9.6 % 14.4 % 17.8 % 13.2 % Segment Reporting until June 30, 2025 in € thousands EMEA AMERICAS APAC Reconciliation Consolidated financial statements Sales revenues 1 561,120 204,796 228,229 -229,699 764,446 2 of which: external sales revenues 1 376,057 201,671 186,718 0 764,446 of which: internal sales revenues 1 185,063 3,125 41,511 -229,699 0 Adjusted EBIT 3 22,341 21,950 26,417 2,088 72,796 of which: depreciation 12,089 4,752 4,766 0 21,607 Adjusted EBIT margin 5.9 % 10.9 % 14.1 % 9.5 % Adjusted EBITDA 3 34,430 26,702 31,183 2,088 94,403 Adjusted EBITDA margin 9.2 % 13.2 % 16.7 % 12.3 % Sales by destination during the reporting period: EMEA: €399,272 thousand AMERICAS: €228,045 thousand APAC: €229,960 thousand Sales in the segments are shown by origin. The share of the result from the investments accounted for using equity method is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €1,898 thousand. As explained in note 10 to the Annual Group Report 2025, the Group adjusted its internal organizational structure and segment reporting in fiscal year 2025 following the acquisition of the Hyva Group. Since then, the Group has reported in the EMEA (Europe, Middle East and Africa), AMERICAS, and APAC (Asia-Pacific) segments. As part of this restructuring, the business in Brazil was reassigned from the Europe region to the new AMERICAS region. Similarly, the African business, previously part of the Asia-Pacific and Africa region, was transferred to the new EMEA region. Following the acquisition of the Hyva Group, revenues will be reported according to business lines including "Transport", "Agriculture", and "Hydraulics". Revenues for the reporting period are distributed among the business lines as follows: Sales by destination during the reporting period: EMEA: €366,395 thousand AMERICAS: €205,166 thousand APAC: €192,885 thousand Sales in the segments are shown by origin. The share of the result from the investments accounted for using equity method is not allocated to any segment and is therefore included in the "Reconciliation" column in the amount of €2,088 thousand. 28 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Reconciliation of Earnings after tax to adjusted earnings figures: The following table shows noncurrent assets by segment as of June 30, 2026: in € thousands H1 2026 H1 2025 Earnings after tax 32,354 19,887 Income taxes 16,655 7,237 Net finance result 13,953 12,451 EBIT 62,962 39,575 D&A from PPA / Step-up inventories 17,870 26,795 of which inventory step-up 0 6,849 Other effects 7,105 6,426 Adjusted EBIT 87,937 72,796 Adjusted EBIT margin 10.3 % 9.5 % Depreciation of property, plant and equipment 21,846 20,192 Amortization of intangible assets 3,494 2,693 Write-ups of intangible assets 0 -1,278 Adjusted EBITDA 113,277 94,403 Adjusted EBITDA margin 13.2 % 12.3 % in € thousands EMEA 1 AMERICAS APAC Reconciliation 2 Consolidated financial statements 800,339 Noncurrent assets 2 481,339 156,450 147,865 14,685 Of this amount, noncurrent assets of €407,109 thousand are attributable to companies based in Germany. Noncurrent assets include the carrying amount of investments measured using the equity method, which is not allocated to any segment and is therefore added in the reconciliation column. The following table shows the noncurrent assets by segment as of December 31, 2025: in € thousands EMEA 1 AMERICAS APAC Reconciliation 2 Consolidated financial statements Noncurrent assets 1 494,426 149,633 148,450 13,494 806,003 The other effects are explained in more detail in Note 12. Of this amount, noncurrent assets of €431,418 thousand are attributable to companies based in Germany. Noncurrent assets include the carrying amount of investments measured using the equity method, which is not allocated to any segment and is therefore added in the reconciliation column. Noncurrent assets include goodwill, intangible assets, property, plant and equipment, equity investments and other noncurrent assets (excluding financial instruments). 29 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information Seasonal Influences on Business Activities Seasonal factors during the fiscal year can lead to fluctuations in sales and the resulting earnings. Sales and earnings of the JOST Werke Group are generally higher in the first half of the year, as major customers close their production facilities for the summer break at the beginning of the second half of the year, and agricultural customers typically make investments before the start of the harvest season. Sales Revenue Revenue as of June 30, 2026, are higher than the previous year, due in part to realized synergies from the shared use of customer relationships and sales channels following the integration of the Hyva Group. Furthermore, the inclusion of the Hyva Group for the entire first half of 2026 (compared to February in the previous year) and positive demand trends in the relevant end markets contribute to this increase. Revenue of €217 thousand was recognized from contracts for which the performance obligation is satisfied over time. Selling Expenses Selling Expenses for the reporting period 2026 were higher than in the previous year. The increase in Selling Expenses was less than proportional to sales growth, which is attributable to realized synergies from the integration of the Hyva Group, particularly cost savings from the shared use of sales channels and personnel cost reductions. Furthermore, the Hyva Group was included in the Selling Expenses for the entire first half of the current fiscal year, whereas in the previous year it was only included from February onwards. Other Income/Other Expenses For the reporting period 2026, other income amounted to €6.3 million (reporting period 2025: €4.9 million) and other expenses to €7.5 million (reporting period 2025: €8.2 million). In the reporting period 2026, other income consists mainly of currency gains (reporting period 2025: primarily currency gains). Other expenses in the reporting period 2026 relate mainly to currency losses and other tax expenses (reporting period 2025: primarily currency losses and other tax expenses). Net Finance Result The result from the net monetary items in accordance with IAS 29 is €-174 thousand (2025: €-73 thousand). The financial income consists of the following items: in € thousands H1 2026 H1 2025 Interest income 1,088 1,327 Realized currency gains 4,953 11,378 Unrealized currency gains 12,325 8,718 Result from derivatives valuation 2,988 330 Other financial income 405 189 Total 21,759 21,942 The financial expenses consist of the following items: in € thousands H1 2026 H1 2025 Interest expenses -15,918 -15,959 of which: interest expenses from leasing -2,035 -2,145 Realized currency losses -6,065 -4,344 Unrealized currency losses -11,587 -12,105 Result from derivatives valuation -1,635 -1,102 Other financial expenses -333 -810 Total -35,538 -34,320 The unrealized currency effects relate to non-cash effects from the valuation of foreign currency loans and from the measurement of other financial assets and liabilities. As in the previous year, the result from measurement of derivatives in the reporting period 2026 results from changes in the market values of these financial instruments. Reference is made to note 1 5 to the financial statements. 30 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information ‌Income Taxes The following table shows the composition of income taxes: in € thousands H1 2026 H1 2025 Current tax -20,786 -15,450 Deferred taxes 4,131 8,213 Income taxes -16,655 -7,237 Tax expenses are determined based on the best possible estimate by management of the weighted annual income tax rate for the entire financial year, multiplied by the pre-tax profit of the interim reporting period. Earnings per Share As of June 30, 2026, the number of issued no-par-value bearer shares was 16,390,000 (December 31, 2025: 14,900,000). The increase compared to the previous year's balance sheet date is attributable to the capital increase carried out during the fiscal year. The weighted average number of shares outstanding in the first half of 2026 was 15,929,006. The diluted earnings per share (in €) are equal to the basic earnings per share. in € thousand H1 2026 H1 2025 Earnings after tax from continuing operations 32,354 19,887 of which attributable to non-controlling interests 517 187 of which attributable to shareholders of JOST Werke SE 31,837 19,700 Earnings after tax from discontinued operations IFRS 5 0 -131 Earnings after tax 1 32,354 19,756 Weighted average number of shares 15,929,006 14,900,000 Basic and diluted earnings per share (in €) 1 2.00 1.31 Earnings per share from continuing operations (in €) 2.00 1.32 Earnings per share from discontinued operations (in €) 0.00 -0.01 1) Excluding non-controlling interests ‌Exceptionals The adjusted exceptionals shown below serve to provide a better understanding of the profit and loss statement. In the reporting period 2026, expenses totaling €24,975 thousand (2025: €33,221 thousand) were adjusted within the EBIT (earnings before interest and taxes). Adjustments within EBIT amounting to €17,870 thousand (2025: €26,795 thousand) resulted from depreciation and amortization of purchase price allocations (PPA amortization and depreciation), which were recognized in cost of sales, selling expenses, and research and development expenses. Furthermore, expenses for other effects amounting to €7,105 thousand (2025: €6,426 thousand) were adjusted within cost of sales, selling expenses, research and development, administrative expenses, and other expenses. These other effects primarily relate to expenses for optimization projects, personnel measures, expenses for optimizing business processes at JOST (especially consulting expenses), and expenses for optimizing business processes at Hyva. Financial income related to the Hyva acquisition amounting to €286 thousand was also adjusted during the reporting period. The adjusted income taxes correspond to the actual tax expense (excluding deferred tax effects) for 2026, amounting to €-20,786 thousand (2025: €-15,450 thousand) (see Note 1 0 ). In previous years, the calculation was based on the country-specific tax rates applicable to the Group. This method of calculation was first applied as of December 31, 2025. For comparability purposes, it was also carried forward to the comparison period. The following tables show the result adjusted for these effects: 31 | JOST Werke SE Group Interim Report First Half of 2026 JOST at a Glance Group Interim Management Report Condensed Consolidated Interim Financial Statements Notes to the Condensed Consolidated Interim Financial Statements Further Information H1 2026 in € thousands January 1 - June 30, 2026 Unadjusted D&A from PPA Other effects Adjustments, total January 1 - June 30, 2026 Adjusted H1 2025 857,277 -609,956 247,321 Selling Expenses -104,453 16,996 3,165 20,161 -84,292 Research and development expenditures -17,038 124 5 129 -16,909 Administrative expenses -61,222 0 2,081 2,081 -59,141 Other income 6,273 0 -81 -81 6,192 Other expenses -7,455 0 323 323 -7,132 Share of the profit or loss from investments accounted for using the equity method 1,898 0 0 0 1,898 Operating profit (EBIT) 62,962 17,870 7,105 24,975 87,937 Gain / loss on the net monetary position in accordance with IAS 29 -174 0 0 0 -174 Financial income 21,759 0 -286 -286 21,473 Financial expenses -35,538 0 0 0 -35,538 Net finance result -13,953 0 -286 -286 -14,239 Earnings before tax 49,009 17,870 6,819 24,689 73,698 Income taxes -16,655 -20,786 Result from continuing operations 32,354 52,912 Earnings from discontinued operations according to IFRS 5 0 0 Earnings after tax 32,354 52,912 of which attributable to non-controlling interests 517 517 of which share of earnings after tax attributable to shareholders of JOST Werke 31,837 52,395 Weighted average number of shares 15,929,006 15,929,006 Basic and diluted earnings per share (in €) 2.00 3.29 Basic and diluted earnings per share from continuing operation (in €) 2.00 3.29 in € thousands January 1 - June 30, 2025 Unadjusted D&A from PPA / Step-Up Inventories Other effects Adjustments, total January 1 - June 30, 2025 Adjusted Sales revenue 857,277 0 0 0 Cost of sales -612,318 750 1,612 2,362 Gross profit 244,959 750 1,612 2,362 32 | JOST Werke SE Group Interim Report First Half of 2026 Sales revenue 764,446 0 0 0 764,446 -544,864 219,582 Selling Expenses -96,856 17,762 1,073 18,835 -78,021 Research and development expenditures -15,257 1,455 208 1,663 -13,594 Administrative expenses -58,186 0 4,050 4,050 -54,136 Other income 4,885 0 0 0 4,885 Other expenses -8,225 0 217 217 -8,008 Share of the profit or loss from investments accounted for using the equity method 2,088 0 0 0 2,088 Operating profit (EBIT) 39,575 26,795 6,426 33,221 72,796 Gain / loss on the net monetary position in accordance with IAS 29 -73 0 0 0 -73 Financial income 21,942 0 0 0 21,942 Financial expenses -34,320 0 0 0 -34,320 Net finance result -12,451 0 0 0 -12,451 Ea...

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