Montana Aerospace : Interim Financial Report – 9M 2025

About this update from Montana Aerospace Ag

INTERIM FINANCIAL REPORT 9M 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 9M 2025 | MONTANA AEROSPACE AG MONTANA AEROSPACE AG -SELECTED KEY FIGURES For the nine months ended 30 September (financial figures in M€) 2025 2024 restated ** yoy change Net Sales 712.3 616.9 95.4 EBITDA 113.0 87.8 25.2 Adjusted EBITDA 113.8 92.1 21.7 Adjusted EBITDA margin (%) 16.0% 14.9% 1.1% Operating result 45.3 24.9 20.4 Result from continuing operations 3.0 -1.3 4.3 Result for the period -11.0 -28.4 17.4 Net Cash from operating activities 87.1 31.7 55.4 Net Cash from investing activities -135.5 -54.2 -81.3 Net Cash from financing activities 5.7 -27.6 33.3 Free Cash Flow -48.4 -22.5 -25.9 CAPEX spent -62.3 -57.3 -5.0 Trade Working Capital * 328.7 353.6 -24.9 Equity Ratio (%) * 57.8% 50.8% 7.0% Net Debt (cash) * 258.6 210.9 47.7 Total Assets * 1,593.3 1,830.7 -237.4 Employees 6,222 6,127 95 * Comparison period is 31 December 2024. ** The comparative information has been restated due to a discontinued operation (see note 11). However, cash flow activities, free cash flow and Capex spent include continued and discontinued operations for both 2024 and 2025. 3 INTERIM REPORT 9M 2025 | MONTANA AEROSPACE AG TABLE OF CONTENTS MONTANA AEROSPACE AG - SELECTED KEY FIGURES 3 FINANCIAL OVERVIEW 5 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 10 ABOUT MONTANA AEROSPACE 31 DISCLAIMER 32 4 INTERIM REPORT 9M 2025 | MONTANA AEROSPACE AG FINANCIAL OVERVIEW Earnings For the nine months ended 30 September (in TEUR) 2025 2025 (adjustments) 2024 2024 restated ** (adjustments) Net Sales 712,330 616,900 Change in finished and unfinished goods Own work capitalized Other operating income Cost of materials, supplies and services Personnel expenses Other operating expenses EBITDA * 1,535 18,840 7,260 19,568 -305,018 -172,980 -96,729 87,841 6,463 26,019 -331,931 -203,027 -98,397 112,992 Legal costs Stock option plans (share-based payment) MSOP Adjusted EBITDA 292 3,341 963 563 113,848 92,145 Adjusted EBITDA margin Depreciation and amortization Operating Profit (EBIT) 16.0% -67,693 -62,907 24,934 14.9% 45,299 Financial result Share of result of equity-accounted investees, net of tax -45,429 - -21,099 -2,717 Result before tax -130 1,118 Income tax expense / income Result from continuing operations 3,142 3,012 -2,423 -1,305 Result from discontinued operation, net of tax *** Result for the period -14,050 -11,038 -27,111 -28,416 Thereof attributable to: Owners of Montana Aerospace AG Non-controlling interests -28,188 -228 -11,076 38 * 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 11). *** 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 11. 5 INTERIM REPORT 9M 2025 | MONTANA AEROSPACE AG

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