Montana Aerospace : Interim Financial Report – 3M 2025

About this update from Montana Aerospace Ag

INTERIM FINANCIAL REPORT 3M 2025 WE SHAPE THE FUTURE. WITH EXPERIENCE, A SPIRIT OF INNOVATION AND THE HIGHEST STANDARDS, WE ARE SETTING OUT FOR NEW HORIZONS. 2 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG MONTANA AEROSPACE AG -SELECTED KEY FIGURES For the three months ended 31 March (financial figures in M€) Q1 2025 Q1 2024 restated * yoy change Net Sales 408.8 355.0 +53.8 EBITDA 48.5 36.7 +11.8 Adjusted EBITDA 48.8 37.2 +11.6 Adjusted EBITDA margin (%) 11.9% 10.5% +1.4% Operating result 23.6 14.1 +9.5 Result from continuing operations 5.3 3.7 +1.6 Result for the period 5.3 2.7 +2.6 Cash Flow from operating activities -5.4 -15.8 ** +10.4 Cash Flow from investing activities -19.6 -18.3 ** -1.3 Cash Flow from financing activities +15.4 -14.0 ** +29.4 Free Cash Flow -25.0 -34.1 ** +9.1 CAPEX spent -21.7 -17.7 ** -4.0 Trade Working Capital 387.8 353.6 *** +34.2 Equity Ratio (%) 51.1% 50.8% *** +0.3% Net Debt (cash) 252.5 210.9 *** +41.6 Total Assets 1,821.7 1,830.7 *** -9.0 Employees 7,773 7,571 *** +202 * The comparative information has been restated due to a discontinued operation (see Note 10). ** including discontinued operation (E-Mobility segment). *** comparison period is December 2024. 3 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG TABLE OF CONTENTS MONTANA AEROSPACE AG - SELECTED KEY FIGURES 3 FINANCIAL OVERVIEW 5 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 10 THE MONTANA AEROSPACE EQUITY STORY 29 ABOUT MONTANA AEROSPACE 31 DISCLAIMER 32 4 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG FINANCIAL OVERVIEW Earnings For the three months ended 31 March (in TEUR) 2025 2025 (adjustments) 2024 ** 2024 restated (adjustments) Net Sales 408,768 355,034 Change in finished and unfinished goods Own work capitalized Other operating income Cost of materials, supplies and services Personnel expenses Other operating expenses EBITDA * 10,938 17,546 2,128 4,993 -235,753 -68,186 -39,080 36,682 2,089 9,831 -256,973 -82,925 -43,189 48,539 Legal costs 81 78 M&A and PMI related expenses - - Stock option plans (share-based payment) MSOP ASTA IPO preparation costs Adjusted EBITDA 170 37,152 391 - - 48,789 Adjusted EBITDA margin Depreciation and amortization Operating Profit (EBIT) 11.9% 10.5% -22,554 14,128 -24,896 23,643 Financial result Share of result of equity-accounted investees, net of tax -17,770 -9,723 -213 - Result before tax 5,873 4,192 Income tax expense / income -601 -466 Result from continuing operations 5,272 3,726 Result from discontinued operation, net of tax *** Result for the period - -991 2,735 5,272 Thereof attributable to: Owners of Montana Aerospace AG Non-controlling interests 5,269 2,809 -74 3 * EBITDA is calculated as result for the period before income tax expense, interest income, other financial income, interest expenses, other financial expenses and depreciation and amortization. ** The comparative information has been restated due to a discontinued operation (see Note 10). *** The Group has elected to present the result after tax of the discontinued operation in a separate amount in the statement of comprehensive income and has disaggregated this separate amount into revenue, expenses and result before tax in Note 10. 5 INTERIM REPORT 3M 2025 | MONTANA AEROSPACE AG

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