Notes Financial Performance Indicators – Interim Report 01-09/2026

The key financial indicators for the Lenzing Group are described in detail in the following section. These indicators are derived primarily from the condensed consolidated interim financial statements and the consolidated financial statements of the previous year of the Lenzing Group. The Managing Board believes these financial indicators provide useful information on the financial position of the Lenzing Group because they are used internally and are also considered important by external stakeholders (in particular investors, banks and analysts).

EBT measures the pre-tax earnings power of the Lenzing Group and is shown on the consolidated statement of profit or loss.

enables comparability regardless of the capital structure and also enhances transparency for external addressees.

CAPEX is used in the Lenzing Group as a measure for the volume of investments in intangible assets, property, plant and equipment, and biological assets. This indicator is presented in the consolidated statement of cash flows.

1 This amount is included in the condensed consolidated statement of financial position in "other liabilities" (non-current, resp. current liabilities).

1. This amount is included in the condensed consolidated statement of financial position in "loans and borrowings" (non-current liabilities, resp. current liabilities).

2. This amount is included in the condensed consolidated statement of financial position in "provisions" (non-current liabilities, resp. current liabilities).

Equity including non-current and current government grants

less the proportional share of deferred taxes on these government grants.

Adjusted equity as a percent of total assets.

C CAPEX

Capital expenditures; i.e. acquisition of intangible assets,

property, plant and equipment and biological assets and acquisition of corporate units as per consolidated statement of cash flows

The share of annual net profit/loss for the year attributable

to the shareholders of Lenzing AG divided by the weighted average number of issued shares, calculated according to IFRS (IAS 33 earnings per share).

Earnings before interest and tax, resp. operating result; the precise derivation can be found in the consolidated income statement.

EBIT as a percent of revenue; represents the return on sales

(ROS).

Earnings before interest, tax, amortization of intangible assets, depreciation of property, plant and equipment and right-of-use assets and depletion of biological assets and before income from the reversal of investment grants; resp.

operating result before depreciation and amortization.

EBITDA as a percent of revenue.

EBITDA adjusted is calculated by adjusting EBITDA for the impact of restructuring measures.

EBITDA adjusted as a percent of revenue

Profit/loss for the year before income tax expense. The precise derivation can be found in the consolidated income statement.

The equity item aggregates the equity instruments as defined by IFRS. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. This represents the funds provided to the entity by its owners.

Cash flow from operating activities less acquisition of

intangible assets, property, plant and equipment, and biological assets plus proceeds from the sale of intabible assets, property, plant and equipment, and biological assets plus investment grants plus distributions received from investments accounted for using the equity method plus interest received less interest paid (adjusted for interest expense for leases in accordance with IFRS 16). Free cash

flow corresponds to the readily available cash flow.

Abbreviation for Full-Time Equivalents.

Predominant currency of the primary economic environment of a subsidiary; may differ from the local currency.

I IAS

Abbreviation for International Accounting Standard(s), which

are internationally recognized accounting rules.

Abbreviation for International Financial Reporting Standard(s), which are internationally recognized accounting rules.

Cash and cash equivalents plus liquid securities and liquid

bills of exchange.

Cash and cash equivalents plus current securities.

Weighted average number of shares multiplied by the share

price as at the reporting date.

N Net debt

Interest-bearing financial liabilities (= current and non-

current financial liabilities) less liquid assets plus provisions for pensions and severance payments.

Interest-bearing financial liabilities (= non-current and current financial liabilities) less lease liabilities less liquid assets.

Net financial debt as a percent of adjusted equity.

Profit/loss after tax; net profit/loss. The precise derivation can be found in the consolidated income statement.

Provisions for pensions and severance payments.

Total of non-current and current assets or the total of equity

and non-current and current liabilities. The precise derivation can be found in the consolidated statement of financial position.

Inventories plus trade receivables less trade payables.

Trading working capital to annualized group revenue Trading working capital as a percent of the latest reported quarterly group revenue x 4.

Cash flow from operating activities less acquisition of

intangible assets, property, plant and equipment, and biological assets plus proceeds from the sale of intangible assets, property, plant and equipment, and biological assets plus investment grants. Unlevered free cash flow adjusts free cash flow for interest received and interest paid as well as distributions received from investments accounted for using the equity method.

Net current assets. Inventories plus trade receivables and

other non-current and current assets less current provisions, trade payables and other non-current and current liabilities.