Marzocchi Pompe S.p.a.MIL: MARP

Approved the Half-Year Report as of June 30, 2026

· Issued by Marzocchi Pompe S.p.A.




MARZOCCHI POMPE: APPROVAL OF CONSOLIDATED HALF-YEAR REPORT AT 30 JUNE 2026

SALES REVENUE STABLE, WITH STRONG RECOVERY IN MARGINS

INNOVATION AND INTERNATIONAL EXPANSION AT THE CORE OF THE GROWTH STRATEGY:

  • PATENT FOR BI-DIRECTIONAL REVERSIBLE ELIKA PUMPS

  • JOINT VENTURE IN INDIA TO SEIZE THE OPPORTUNITIES OF A GROWING MARKET

    KEY CONSOLIDATED FIGURES:

  • TOTAL SALES REVENUE: € 18.7 million, +0.6% vs. € 18.6 million at 30 June 2025

  • EBITDA: € 2.26 million, +8.9% vs. € 2.07 million at 30 June 2025 (Adjusted1)

  • EBITDA Margin2: 11.7% vs. 10.5% in 1° half 2025 (Adjusted1)

  • NET RESULT: € 0.5 million, vs. € -0.78 million at 30 June 2025

  • ADJUSTED NET FINANCIAL DEBT3: € 7.8 million, in line with the figure at end 2025

  • EQUITY: € 21.1 million vs. € 20.9 million at 31/12/2025

Bologna, 28 September 2026 - The Board of Directors of Marzocchi Pompe S.p.A. (EGM: MARP), a leading company in the design, manufacturing, and marketing of high-performance gear pumps and motors, met today under the chairmanship of Paolo Marzocchi and approved the consolidated half-year report at 30 June 2026, subject to limited audit by PricewaterhouseCoopers S.p.A. on a voluntary basis.

In the words of Gabriele Bonfiglioli, CEO of Marzocchi Pompe: "The first half of the year confirms the effectiveness of the strategies implemented in recent years: in a market environment that remains particularly challenging for the manufacturing sector, we achieved a strong recovery in margins across the board. These results reflect the benefits of the extensive restructuring carried

1 In first half 2025, an adjustment of € 1.41 million was made to Personnel expense for non-recurring costs

2 EBITDA Margin calculated on Revenue from production and sales, defined as the algebraic sum of revenue from sales and the change (positive or negative) in work in progress and finished products

3 Net of € 5.7 million in three- and six-month restricted savings bank deposits set up by the Parent Company and its subsidiary Marzocchi Pumps U.S.A. at 30 June 2026 (vs. € 2.6 million at end 2025)

out in 2025, which improved productivity and organizational efficiency and laid solid foundations for future growth. Alongside this, investments in innovation, new products and international expansion will continue to be strategic drivers of Marzocchi Pompe's development".

KEY CONSOLIDATED INCOME-FINANCIAL RESULTS AT 30 JUNE 2026

Unlike first half 2025, which was burdened by restructuring costs, first half 2026 was not affected by events or circumstances giving rise to non-recurring costs or revenue.

The half-year results underscore the strong resilience of the Marzocchi Pompe Group, which has maintained its market share in the gear pump sector despite the continued challenging global economic environment.

€ Million

30 June 2026

30 June 2025

% change

Revenue from sales

18.7

18.6

+0.6%

Value of Production

19.9

20.0

-0.4%

EBITDA

2.26

2.07 1

+8.9%

EBITDA Margin

11.73%

10.51% 2

EBIT

1.1

0.9 3

+16.3%

Profit (loss) before tax

0.7

(1.0)

-

Net profit

0.5

(0.8)

-

€ Million

30 June 2026

31 December 2025

Net Capital Employed

34.6

31.3

+10.5%

Equity

21.1

20.9

+0.7%

Net Financial Position

13.5

10.3

+30.3%

Adjusted Net Financial Position 4

7.8

7.7

+0.9%

1 Adjusted EBITDA, adjusted by € 1.41 million to item Personnel expense for non-recurring costs

2 EBITDA Margin calculated on Revenue from production and sales, defined as the algebraic sum of revenue from sales and the change (positive or negative) in work in progress and finished products (Adjusted in first half 2025)

3 Adjusted EBIT in first half 2025

4 Net of € 5.7 million in three- and six-month restricted savings bank deposits set up by the Parent Company and its subsidiary Marzocchi Pumps U.S.A. at 30 June 2026 (vs. € 2.6 million at end 2025)

Consolidated net sales revenue at 30 June 2026 amounted to € 18.7 million, up approximately 0.6% versus € 18.6 million in first half 2025.

The strong resilience of sales revenue is particularly significant against a global recessionary backdrop and reflects the first benefits of the production and logistics reorganization measures implemented during 2025, as well as Marzocchi Pompe's ongoing ability to innovate across both products and markets.

Changes to the breakdown of revenue by sales channel

In line with the Group's strategic and commercial development, Marzocchi Pompe has revised its existing revenue breakdown by sales channel, reclassifying "Automotive" revenue under "Mobile" and renaming "Fixed" as "Industrial", a label that more accurately reflects how the products are used. For further information, please refer to the Consolidated Report on Operations.

In recent years, the contribution of the "Automotive" sales channel to Marzocchi Pompe's revenue has gradually declined. The channel was originally linked almost exclusively to a major commercial agreement with a single customer, which has since been significantly scaled back. This arrangement required a dedicated production line for these products and accounted for more than 30% of the Group's revenue.

Today, the Group's strategic development is increasingly focused on its core business, while automotive applications have become progressively marginal and no longer represent a significant stand-alone business. They will therefore be included in the "Mobile" sales channel, which covers pumps installed on mobile equipment, including automotive applications.

The revised breakdown of revenue by sales channel will therefore comprise the following three categories:

  1. Sales Network: revenue generated from sales to distributors;

  2. Industrial: revenue from direct sales of products for use in fixed industrial equipment, such as machine tools, textile machinery, plastic injection moulding machines and renewable energy systems (wind and solar);

  3. Mobile: revenue from direct sales of products for use in mobile equipment, including earthmoving machinery, agricultural machinery, forklifts, gardening equipment and marine systems, as well as automotive applications such as transmissions, power steering systems, gearboxes and suspensions.

Breakdown of revenue by sales channel

Euro 000

30-jun-26

30-jun-25

% change

Sales Network

6,159

33.0%

7,047

37.9%

-12.6%

Industrial

6,693

35.8%

5,676

30.6%

+17.9%

Mobile

5,834

31.2%

5,845

31.5%

-0.2%

Of which:

Automotive

2,031

10.9%

2,531

13.6%

-19.7%

Total revenue from sales

18,685

100.0%

18,570

100.0%

+0.6%

Breakdown of sales revenue by geographical area

By geographical area, the Italian market increased from 31.5% in 1° half 2025 to 35.1% of total sales, while exports accounted for 64.9%, down from 68.5% in the same period of 2025, mainly due to the contraction in the Asian market, from 14% to 10%.

EBITDA, adjusted in first half 2025 for approximately € 1.41 million in non-recurring workforce reorganization costs, increased by 8.9% to € 2.26 million from € 2.07 million in first half 2025.

The recovery in Marzocchi Pompe's profitability was supported by the extensive organizational restructuring carried out in 2025, including workforce reductions. This enabled the Group to improve productivity as early as the first half of the year and is expected to deliver its full benefits when a new growth phase takes hold.

The EBITDA margin for first half 2026 stood at 11.73%, significantly higher than the adjusted 10.51% recorded in first half 2025.

EBIT increased by 16% to € 1.1 million, from € 0.9 million in first half 2025 (adjusted).

First half 2026 closed with net profit of € 0.5 million, versus a loss of € 0.8 million at 30 June 2025.

Investments amounted to € 1.0 million, equal to approximately 5% of revenue. These investments mainly concerned the purchase and refurbishment of moulds, particularly for Elika products, Marzocchi Pompe's flagship line protected by two patents. Programs to improve production efficiency and rationalize the property footprint are also continuing.

Equity amounted to € 21.1 million in first half 2026, up slightly from € 20.9 million at end 2025, reflecting the Group's return to profitability.

Lastly, even in a highly challenging environment, the Company's ability to generate cash once again deserves emphasis, as it enabled the net financial position to remain unchanged.

The Group's adjusted net financial debt remained basically stable at € 7.8 million, versus € 7.7 million at both 31 December 2025 and 30 June 2025.

Adjusted net financial debt excludes € 5.0 million in three- and six-month restricted savings bank deposits set up by the Parent Company and € 0.7 million by Marzocchi Pumps U.S.A. at 30 June 2026, for a total of € 5.7 million (vs. € 2.6 million at end 2025).

SIGNIFICANT EVENTS IN FIRST HALF 2026

After 31 December 2025, no events occurred that required adjustments to the amounts in the financial report or that would compromise the company's ability to continue as a going concern.

In first half 2026, Marzocchi Pompe obtained a significant industrial invention patent relating to bi-directional reversible pumps, confirming its ability to develop innovative, high-tech solutions.

Additionally, in April, Marzocchi Pumps India Private Limited was incorporated under Indian law as a joint venture with an established local partner, with the aim of expanding commercial penetration in India, particularly for core business products.

As part of the reorganization of its production and logistics structure, the Company is continuing to transfer operations from Casalecchio to Zola Predosa, which is intended to become the Group's sole Italian site.

In 2026, Marzocchi Pompe continued to participate in major industry trade shows worldwide, exploring new commercial opportunities:

  • in March, Marzocchi Pompe attended IFPE CONEXPO-CON/AGG in Las Vegas (USA), one of the leading international events for the construction and operating machines sectors.

  • in April, the Company attended Aero Expo for the first time, organized by Messe Frankfurt at the Friedrichshafen Airport exhibition grounds (Germany), a world-class event dedicated to general aviation, business aviation and air sports

  • in May, the Company attended FEIMEC in São Paulo (Brazil), the largest machinery and equipment trade show in Latin America, with strong participation from professionals in the metalworking, automotive, electronics, automotive components and packaging sectors.

On 29 April 2026, the treasury share purchase and disposal program was launched in implementation of and in accordance with the authorization granted by the Ordinary Shareholders' Meeting on the same date (for a period of 18 months from the date of approval by the Shareholders' Meeting).

To date, Marzocchi Pompe holds a total of 164,500 treasury shares, amounting to 2.52% of the Share Capital.

***

SIGNIFICANT EVENTS AFTER 30 JUNE 2026

After 30 June 2026, no unusual or non-ordinary transactions occurred that would require changes to these consolidated financial statements for the period.

In September, Marzocchi Pompe attended Bauma CONEXPO INDIA in Delhi, a leading international event in the Indian subcontinent for the construction machinery sector. This year, the event was particularly important in strengthening the Company's commercial presence in India just a few months after the establishment of Marzocchi Pumps India Private Limited, a joint venture with its long-standing local partner.

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