Business
OHB : 3-Month Report 2026 (English)
OHB : 3-Month Report 2026
About this update from Ohb Se
2026 3-MONTH INTERIM REPORT OHB SE IN FIGURES The Group in EUR 000 Q1/2026 Q1/2025 Q1/2024 Q1/2023 Revenue 270,945 229,270 203,126 197,170 Total operating performance 279,261 242,388 206,725 202,350 EBITDA 25,726 17,342 19,342 21,542 Adjusted EBITDA 27,342 19,993 20,007 21,542 EBIT 15,189 7,667 10,230 12,542 EBT 13,726 5,820 7,077 9,334 Share of OHB SE shareholders in net profit for the year 9,894 3,739 4,767 7,074 Earnings per share (EUR) 0.52 0.20 0.25 0.41 Total assets at March 31 1,486,196 1,405,049 1,265,734 1,043,579 Equity at March 31 441,182 431,431 442,573 299,841 Cash flow from operating activities - 112,502 - 100,575 - 37,957 - 58,549 Order backlog at March 31 3,353,646 2,314,191 1,724,568 1,763,995 Employees at March 31 3,974 3,488 3,330 3,113 in EUR 000 Q1/2026 Q1/2025 Q1/2024 Q1/2023 Free Cashflow - 119,277 - 106,519 - 41,994 - 62,398 Net debt including pension provisions 253,994 229,077 271,401 240,857 Net debt excluding pension provisions 182,976 152,131 194,784 169,428 CapEx 7,466 6,562 4,406 4,349 Own work capitalized (additions) 1,894 4,334 1,464 1,578 LETTER TO THE SHAREHOLDERS OHB SE 3-month interim report 2026 DEAR READERS, At the end of this quarter, we bid farewell to the retiring Kurt Melching. During his 37 years with the company, including his tenure as a Member of the Management Board of OHB SE since 2018, Kurt Melching has shaped OHB like almost no one else. We would therefore like to take this opportunity to express our sincere gratitude to him for his extraordinary dedication to OHB and wish him all the best for the future. In the SPACE SYSTEMS segment, we would like to highlight two order intakes from the past quarter: OHB Sweden AB secured the largest order in its corporate history with the contract for the EPS-Sterna small satellite constellation. Equipped with state-of-the-art microwave technology, the constellation, consisting of 20 microsatellites, will provide a continuous stream of data from the Arctic to enable faster and more accurate weather forecasts. In the increasingly important field of planetary defense, OHB Italia S.p.A. was selected by ESA as the prime contractor for the Ramses mission. This mission aims to study the asteroid 99942 Apophis during its flyby of Earth. An impact would release energy equivalent to approximately 65,000 Hiroshima bombs, which, in our view, strongly underscores the strategic importance of missions like Ramses for the future security of our planet. For us, it represents a decisive step toward securing Europe's leading role in addressing future threats from space. In addition, on March 30, we celebrated the successful launch of eight additional Eaglet-II satellites, developed, integrated, tested, and operated by OHB Italia S.p.A. The Eaglet-II constellation now comprises 16 satellites and forms an essential component of IRIDE - a national Earth observation program of the Italian Republic. Weighing approximately 25 kilograms, the satellites enable fast and reliable Earth observation services for environmental monitoring, infrastructure protection, and national security. As a space company with decades of experience in space exploration, our focus naturally extends beyond our own planet: The founding of the European Moonport Company in February 2026 pools our activities related to future lunar missions. In our view, building infrastructure on the Moon sets the course for an emerging economic zone, and with a wide-reaching network of industrial and academic partners, we see ourselves excellently positioned to take the lead in shaping the vision of a permanent European infrastructure on the lunar surface and humanity's lasting return to the Moon. The successful maiden flight of the Ariane 6 launcher with four solid-fuel boosters marked another milestone for the European Ariane program in the last quarter. In the more powerful configuration, Ariane 6 can carry approximately 20 tons of payload into orbit - nearly twice as much as with just two boosters. The VA267 mission is the first of 18 Ariane 6 launches commissioned for the Amazon Leo constellation and underscores the confidence of international partners in the European launch vehicle. Based on the high order backlog and the positive business performance after three months, we assume that the financial position and net assets will continue to develop well. Bremen, May 7, 2026 The Management Board 03 OHB SE AT A GLANCE OHB SE 3-month interim report 2026 OHB SE is a European space champion and one of the leading independent players in the industry. With decades of experience and technological leadership in the space industry, as well as long-standing customer relationships, the OHB Group is exceptionally well-positioned to compete internationally in the rapidly growing market for space-based solutions. With its locations in key ESA member states, the company is excellently positioned to address the increasing industrialization of the sector and to participate in numerous European programs and missions. This positioning enables long-term, profitable growth and a strong order backlog. SPA CE S YSTEMS OHB SWEDEN AB OHB SPACE UK LTD ANTWERP SPACE N.V. OHB SYSTEM AG LUXSPACE SÀRL OHB CZECHSPACE S.R.O. EUROPEAN MOONPORT COMPANY OHB AUSTRIA GMBH OHB ITALIA S.P.A. OHB HELLAS MON.E.P.E. A C CES S T O SPA CE EUROPEAN SPACEPORT COMPANY GMBH OHB ORBITAL ACCESS GMBH MT AEROSPACE AG MT MANAGEMENT SERVICE GMBH ROCKET FACTORY AUGSBURG AG MT AEROSPACE GUYANE S.A.S. 04 OHB SE 3-month interim report 2026 SPACE SYSTEMS DIGITAL OHB DIGITAL SERVICES GMBH OHB INFORMATION TECHNOLOGY SERVICES GMBH OHB DIGITAL CONNECT GMBH BLUE HORIZON SÀRL OHB TELEDATA GMBH GEOSYSTEMS GMBH OHB CHILE SPA In the SPACE SYSTEMS segment, we design, develop and realize complete space systems. Together with you, we conceive and plan the goal of your mission. This means in particular the development and production of near-Earth and geostationary satellites for both civilian and military use in the application fields of environmental and weather observation, reconnaissance, telecommunications and navigation in pursuit of being "greener, safer and more connected". In addition, emphasis is placed on the area of space safety. Payloads and instruments are also key areas of expertise in our portfolio to support you in your endeavors. Within the scope of science and exploration missions, we work on studies and concepts for the exploration of our solar system with a focus on Mars, the Moon and asteroids, bringing together the human characteristics of curiosity and ambition. ACCESS TO SPACE Through our ACCESS TO SPACE segment, we reach the implementation of your mission. The development and manufacture of small launch vehicles by the startup Rocket Factory Augsburg, as well as the supply of key components, tanks, and structures for large launch vehicles, for the European Ariane program and various U.S. launchers, are complemented by launch services. We provide cost-effective and globally available access to space by developing and providing launch site infrastructure on land and at sea for various launch vehicles. In this way, we are making a significant contribution to securing sovereign European access to space. DIGITAL In the DIGITAL segment, we ensure the success of your mission. Our telescopes, ground systems and antennas provide the necessary link between the ground infrastructure and the space segment, which is additionally secured by our expertise in the fields of cybersecurity and encryption. With satellite operations, AI-enabled data processing, and downstream services for Earth observation, we help you to exploit the full potential of your mission. Equity interest: 100 % respectively Exceptions: MT Management Service GmbH: 70.0 % Rocket Factory Augsburg AG: 56.8 % OHB Digital Services GmbH: 74.9 % = not consolidated 05 THE OHB SHARE OHB SE 3-month interim report 2026 OHB SHARE OUTPERFORMS BENCHMARK INDICES IN A CHALLENGING MACROECONOMIC ENVIRONMENT While most benchmark indices showed a negative trend in the first quarter, the OHB share continued to build on its relative strength in the first quarter of 2026 as well. After three months, the German benchmark index DAX closed at 22,680 points, representing a decline of approximately 7 % since the start of the year. The TecDAX, which comprises the 30 largest German technology stocks, fell by around 6 % over the same period. The sector indices STOXX Europe Aerospace & Defense and Euronext Helios Space recorded a decline of 2 % and an increase of 3 %, respectively, after three months. In contrast, the value of the OHB share rose by approximately 130 % compared to the end of 2025 (EUR 116.50, Xetra) and reached a price of EUR 268.00 (Xetra) at the end of the first quarter. The average daily trading volume of OHB shares rose to 22,412 shares during the reporting period (Xetra, Frankfurt Stock Exchange, and Tradegate), up from 6,944 in the previous year. TREASURY STOCK As of March 31 of this year, OHB SE held 61,985 treasury shares, equivalent to 0.3 % of its share capital. IR CONTACT Marcel Dietz Investor Relations - Phone: +49 (0)421 2020 6426 Email: [email protected] 06 OHB SE 3-month interim report 2026 Performance of the OHB share in comparison with selected indices in the period from April 1, 2025 to April 30, 2026 in % 430 380 330 280 230 180 130 80 April May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. March April OHB DAX TecDAX STOXX Europe Aerospace & Defense Euronext Helios Space Index Analyst ratings Date Institute Target price in EUR Rating March 20, 2026 NuWays 272.00 Buy The share at a glance in EUR 3M/2026 3M/2025 Closing price, Xetra (Ultimo) 268.00 70.05 High, Xetra 279.00 81.56 Low, Xetra 118.50 45.84 Average daily trading volumes (Xetra, Frankfurt Stock Exchange, Tradegate) 22,412 6,944 Market capitalization (Ultimo, Xetra) 5,150 Mio. 1,346 Mio. Number of shares 19,214,905 19,214,905 Securities held by members of the Company's Management Board and Supervisory Board March 31, 2026 Shares Changes in Q1 Daniela Schmidt, Member of the Management Board 0 - 600 07 OHB SE 3-month interim report 2026 January 19, 2026 Federal Minister Dorothee Bär visits Augsburg During a visit by Dorothee Bär, Federal Minister for Research, Technology, and Space, to MT Aerospace AG and Rocket Factory Augsburg AG, OHB's expertise in the launch vehicle sector was on full display. In discussions with the Minister about the challenges and opportunities of independent European access to space, representatives from both companies were able to showcase each company's technological capabilities and strategic plans for the future. 08 OHB SE 3-month interim report 2026 January 20, 2026 Capital Market Day At the Capital Market Day, representatives of the company give a broad overview of current market and company developments. 09 January 27 - 28, 2026 OHB SE 3-month interim report 2026 18th European Space Conference At one of Europe's most important industry conferences, Marco Fuchs and Dr. Markus Moeller, among others, were sought-after speakers in various sessions and keynote addresses, discussing the prospects and competitiveness of the European space industry in light of current geopolitical conditions. 10 OHB SE 3-month interim report 2026 January 27, 2026 European Space Agency ESA publishes first images of MTG-S1 At the European Space Conference, the first data and images from the new European weather satellite MTG-S1 are presented. The satellite was developed and built by OHB System AG on behalf of the European Space Agency ESA. The satellite features a special infrared sounding instrument that provides three-dimensional profiles of temperature and humidity distribution in the atmosphere from a geostationary orbit at an altitude of 36,000 km. 11 February 4, 2026 OHB establishes European Moonport Company OHB SE 3-month interim report 2026 In the presence of Bavarian Minister-President Dr. Markus Söder and ESA Director General Josef Aschbacher, OHB announces the founding of the European Moonport Company. The new company, headquartered at OHB's site in Oberpfaffenhofen, will consolidate the Group's activities related to future lunar missions. The company is intended to support Europe's goal of playing a pioneering role in humanity's return to the Moon by establishing a European lunar infrastructure. 12 OHB SE 3-month interim report 2026 February 12, 2026 Successful maiden flight of the Ariane 6 with four boosters At 13:25 local time, the European Ariane 6 launcher takes off for the first time in its configuration with four solid-fuel boosters instead of two. On its maiden flight in 2026, the launcher transported 32 satellites for the Amazon Leo telecommunications constellation (formerly Project Kuiper) into their target orbit. Mission VA267 is the first of 18 Ariane 6 launches commissioned for the Amazon Leo constellation and underscores the confidence international partners have in the European launcher. 13 OHB SE 3-month interim report 2026 February 13, 2026 Munich Security Conference 2026 At the Munich Security Conference, Sabine von der Recke, Member of the Management Board of OHB System AG, participated in a panel discussion with ESA Director General Josef Aschbacher and Thomas Reiter, Head of the Space Division at the Federal Ministry of Research, Technology, and Space, on the development of cislunar space into a new key strategic region. The focus was on how Europe and the U.S. can collaborate in this dynamic environment to strengthen resilience and protect critical infrastructure. 14 March 13, 2026 OHB celebrates its 25th anniversary on the stock market OHB SE 3-month interim report 2026 As one of the last successful initial public offerings on the Neuer Markt, "OHB Teledata AG" went public under the leadership of Ulrich Schulz, Marco Fuchs, and Supervisory Board Chairman Prof. Manfred Fuchs (from left to right). In its first year on the stock market, OHB, with 125 employees, achieved total operating performance of EUR 15 million and an EBT of EUR 0.8 million in 2001. Since its stock market debut, OHB has continued to grow and has evolved into a European space group with total revenues of around EUR 1.2 billion for the 2025 fiscal year and approximately 4,000 employees. The company has decided to remain publicly traded. 15 BRIEF PROFILE OHB SE 3-month interim report 2026 OHB SE is an internationally operating space and technology group that has its registered office in Bremen, Germany, and operations in key member countries of the European Union (EU) and at the European Space Agency (ESA). As an active holding company, OHB SE manages and controls its operating subsidiaries, supporting them in particular in the areas of sales, human resources, procurement, IT infrastructure and digitalization. The Group parent does not engage in any operating business of its own. OHB SE currently comprises the following three segments: SPACE SYSTEMS, ACCESS TO SPACE and DIGITAL. The SPACE SYSTEMS segment concentrates on developing and executing complex space projects, in particular the development, production and integration of satellite systems and payloads for navigation, science, telecommunications, Earth and weather observation, communications, security and exploration. Other activities are related to human space flight, including for the International Space Station ISS. This ACCESS TO SPACE segment primarily focuses on developing and assembling aviation and space products and structures. OHB is a leading supplier for European launcher programs, particularly Ariane, and has extensive expertise in aerospace structures as well as in the development of small launchers and launch infrastructure. The Group's DIGITAL segment comprises ground-based space systems, the operation of space-borne systems, digital applications based on satellite data as well as information technology and IT security solutions. OHB is also active in process control technology, including for the monitoring and control of electric power supply to trains and for encryption systems for critical infrastructure security. With this broadly diversified positioning, OHB SE combines institutional space programs with high-growth commercial markets and addresses key technological and societal topics shaping the future. On March 30, the Eaglet-II constellation of the Italian Earth observation program IRIDE was expanded by the addition of eight small satellites developed, integrated, tested, and operated by OHB Italia S.p.A. Weighing approximately 25 kilograms each, the satellites enable fast and reliable Earth observation services for environmental monitoring, infrastructure protection, and national security. 16 DEVELOPMENTS IN THE FIRST QUARTER UNDERLYING CONDITIONS Macroeconomic environment German economic output, measured in terms of gross domestic product, is expected to have been flat in the past quarter. In the same quarter of the previous year, it had risen by 0.2 %. Unemployment increased to 3.02 million people in the first quarter of 2026, leading to an unchanged unemployment rate of 6.4 % compared to the same month of the previous year. The inflation rate in Germany rose by 0.5 percentage points to 2.7 % in March 2026 compared to the same month of the previous year. The increase was mainly driven by the higher prices for energy products. Sector-specific environment The economic report in the annual report for 2025 contains a detailed description of the sector-specific environment. In the current reporting period, the Company confirmed media reports that it was engaged in ongoing talks on participation in public procurement procedures. The economic output of Germany as an ESA member is of particular relevance for the OHB Group's business activities as the ESA contributors' budget is based on their individual gross domestic product. In addition, ESA imposes certain requirements that guarantee that the contributions that are made return to the domestic industries via contract awards. Apart from this, there were no significant changes in the sector-specific environment. The institutional market in Europe traditionally follows spending cycles. Despite geopolitical developments, particularly the Russian war of aggression against Ukraine, the growing reluctance to engage with the People's Republic of China both politically and economically and the war of aggression against Iran that commenced in the reporting period, the space sector generally remained very robust. However, these events led to significant program delays and adjustments in some cases. BUSINESS PERFORMANCE Total operating performance increased by 15.2 % to EUR 279.3 million in the reporting period (previous-year period: EUR 242.4 million). This was accompanied by a 18.2 % increase in revenue to EUR 270.9 million, up from EUR 229.3 million in the same period of 2025. Valued at EUR 3,353.6 million as of the reporting date, the order backlog exceeded the previous period's figure of EUR 2,314.2 million. The transformation of the space industry from what was once a solely research-based or politically / ideologically driven segment into a benefit-oriented and economically significant market has formed the basis for the OHB Group's continuous and sustained growth over the last two decades. The Management Board believes that the segments in which the Company engages via its subsidiaries place it in an excellent position. In particular, it sees Earth observation and reconnaissance as a growth segment, and the significant order intake registered in this area in past years bears out this assessment. After the growth of the last few years, the space market will continue to expand as new possibilities for utilizing new or existing technologies are yielding new requirements. The existing applications are based on satellite systems already in operation which have a limited life expectancy and must therefore be replaced with identical or new systems offering potentially improved technology or efficiency. OHB SE 3-month interim report 2026 In the first quarter of 2026, OHB spent EUR 6.2 million (previous-year period: EUR 6.3 million) on research and development. The SPACE SYSTEMS segment accounted for EUR 5.5 million (previous year: EUR 5.7 million), the ACCESS TO SPACE segment for EUR 0.3 million (previous year: EUR 0.5 million) and the DIGITAL segment for EUR 0.4 million (previous year: EUR 0.0 million). Part of the research and development activities are being funded in the form of grants (EUR 1.6 million; previous year: EUR 0.6 million) received from various institutions such as the European Union and national government agencies. These grants cover between 25 % and 75 % of the total costs depending on the percentage of completion of the development project. The focus of research and development did not change compared to 2025. For a detailed presentation of research and development activities, please refer to the annual report for 2025. SPACE SYSTEMS segment Business in the SPACE SYSTEMS segment is chiefly characterized by long-term projects which are generally awarded by public-sector customers. At EUR 209.2 million, non-consolidated total operating performance in the first three months of 2026 was up on the previous-year figure of EUR 185.6 million. EBITDA for this segment amounted to EUR 22.1 million and was therefore higher than in the same period of 2025 (EUR 14.2 million). EBIT of EUR 13.9 million was also up on the previous year (EUR 6.9 million). The EBIT margin in relation to non-consolidated total operating performance reached 6.7 % after 3.7 % in the same period of 2025. The order backlog in this segment amounted to EUR 2,683 million as of March 31, 2026. Two significant orders were received in the reporting period: OHB Sweden AB was chosen as the prime contractor for the delivery of the EPS-Sterna microsatellite constellation, while OHB Italia S.p.A. was appointed as the prime contractor for the management of the Ramses mission. In addition, the deployment of the Eaglet II constellation, part of the Italian Earth observation program IRIDE, was successfully progressed with the launch of eight more satellites. In addition, OHB established The European Moonport Company GmbH, a company that will consolidate the Group's activities for future lunar missions. ACCESS TO SPACE segment Business in the ACCESS TO SPACE segment is chiefly characterized by long-term projects. At EUR 46.3 million, non-consolidated total operating performance in the first three months of 2026 was up on the previous-year figure of EUR 32.9 million. EBITDA for this segment amounted to EUR 3.6 million and was therefore higher than in the same period of 2025 (EUR 2.8 million). EBIT of EUR 1.8 million was also up on the 17 OHB SE 3-month interim report 2026 previous year (EUR 1.1 million). The EBIT margin in relation to non-consolidated total operating performance reached 3.9 % after 3.2 % in the same period of 2025. The order backlog in this segment amounted to EUR 362 million as of March 31, 2026. In the reporting period, the European launcher Ariane 6 successfully completed its maiden flight in its more powerful configuration with four solid fuel boosters instead of two. The VA267 mission is the first of 18 Ariane 6 launches commissioned for the Amazon Leo constellation. DIGITAL segment The DIGITAL segment focuses on services, ground segments and digital products for institutional and commercial markets. At EUR 31.1 million, non-consolidated total operating performance in the first three months of 2026 was down on the previous-year figure of EUR 31.9 million. EBITDA for this segment amounted to EUR 2.2 million and was therefore higher than in the same period of 2025 (EUR 1.2 million). EBIT of EUR 1.7 million was also up on the previous year (EUR 0.7 million). The EBIT margin in relation to non-consolidated total operating performance reached 5.3 % after 2.2 % in the same period of 2025. The order backlog in this segment amounted to EUR 309 million as of March 31, 2026. In the reporting period, OHB Digital Services GmbH published a new data product for the DestinE platform. In addition, business performance was largely shaped by the planned execution of previously awarded and ongoing projects. FINANCIAL PERFORMANCE In the reporting period, the OHB Group's total operating performance rose by EUR 36.9 million or 15.2 % on the same period of 2025 (EUR 242.4 million) to EUR 279.3 million. The OHB Group's revenue increased by EUR 41.7 million from EUR 229.3 million to EUR 270.9 million in the reporting period. Non-consolidated revenue in the SPACE SYSTEMS segment rose to EUR 203.3 million, up from EUR 177.7 million in the previous year. Non-consolidated revenue in the ACCESS TO SPACE segment climbed from EUR 27.3 million in the previous year to EUR 43.8 million. Non-consolidated revenue in the DIGITAL segment decreased slightly from EUR 31.5 million in the previous year to EUR 30.5 million. There was an increase of 195 in the Group headcount to 3,974 employees compared to December 31, 2025, with personnel costs coming to EUR 91.1 million in the first quarter of 2026. Depreciation and amortization climbed by 8.9 % on the previous year from EUR 9.7 million to EUR 10.5 million. Other operating expenses increased by 15.7 % from EUR 19.4 million to EUR 22.5 million. The increase is mainly attributable to higher IT, consulting and travel expenses as well as inflation-related cost increases. In addition, other operating income rose by 88.4 % from EUR 2.4 million to EUR 4.5 million due to the reversal of provisions and gains from the disposal of non-current assets. Interest and similar income increased from EUR 0.6 million to EUR 3.1 million compared to the previous-year period, reflecting the interest on convertible bonds and the absorption of losses for non-controlling interests in the partnerships accounted for using the equity method. The increase in the non-consolidated order backlog to EUR 3,423 million is attributable to the scheduling cycle of the ESA Ministerial Conference, which takes place every three years. The budget decisions made at this conference form the basis for future contract awards, which are usually finalized in the year following the conference. In the reporting period, the OHB Group posted increased EBITDA of EUR 25.7 million compared to the same period of 2025 (EUR 17.3 million). EBIT came to EUR 15.2 million (previous year: EUR 7.7 million). Adjusted for special items, these earnings figures reached EUR 27.3 million (previous year: EUR 20.0 million) and EUR 16.8 million (previous year: EUR 10.3 million), respectively. The Management Board considers the reporting period to be successful. With the signing of the contract for EPS-Sterna, OHB Sweden AB secured the largest order in its history. The constellation is based on the Arctic Weather Satellite, which was also developed by the company, and will consist of 20 small satellites. The data collected by the satellites is intended to enable faster and more accurate weather forecasts and improve global climate models. 18 ASSETS, LIABILITIES AND FINANCIAL POSITION As of the reporting date March 31, 2026, the OHB Group's total assets decreased from EUR 1,566.4 million as of December 31, 2025 to EUR 1,486.2 million. Total trade receivables and contract assets came to EUR 799.1 million as of the reporting date and were up on the previous year (EUR 735.6 million). Trade payables were valued at EUR 126.9 million on the reporting date, thus decreasing by EUR 16.3 million on the previous year due to reporting-date effects. Current contract liabilities dropped from EUR 283.6 million in the previous year to EUR 252.5 million due to the progress made on completing projects. Group capital spending on property, plant and equipment and intangible assets (excluding right-of-use assets under IFRS 16) totaled EUR 8.6 million as of the reporting date (previous year: EUR 10.9 million). Of this, the SPACE SYSTEMS segment accounted for EUR 5.3 million (previous year: EUR 9.9 million), the ACCESS TO SPACE segment for EUR 2.6 million (previous year: EUR 0.7 million) and the DIGITAL segment for EUR 0.7 million (previous year: EUR 0.3 million). Inventories increased from EUR 44.5 million to EUR 53.0 million. The changes are attributable to reporting-date effects. Cash and cash equivalents including securities were valued at EUR 54.3 million as of the reporting date, compared with EUR 220.6 million in the previous year. The significant decrease compared to the previous year is due in particular to increased cash inflows at the end of 2025 as a result of the achievement of key milestones. The retirement benefit provisions of EUR 71.0 million as of the reporting date continue to constitute a material item on the liabilities side of the balance sheet. OHB SE 3-month interim report 2026 The cyclical nature of project business in the space industry calls for flexible funding structures. The Company pursues the goal of securing its irregular liquidity requirements to finance current assets by means of corresponding credit facilities on which it can draw at any time. In light of this goal, the Management Board generally considers OHB SE's assets, liabilities and financial position to be solid compared to the past fiscal year. EMPLOYEES The stable growth of the Group's workforce continued in the reporting period. The focus was on the German companies, especially in the DIGITAL segment. In total, the Group employed 3,974 people as of the reporting date, 3,129 of whom were based in Germany and 845 in other countries. Number of employees by segment as of March 31, 2026 Number of employees by region as of March 31, 2026 58 575 94 751 871 EMPLOYEES BY SEGMENT EMPLOYEES BY REGION 2,470 3,129 Total number of employees: 3,974 Total number of employees: 3,974 SPACE SYSTEMS ACCESS TO SPACE DIGITAL Holding Germany Europe excluding Germany Rest of the world 19 OHB SE 3-month interim report 2026 CONSOLIDATED INCOME STATEMENT in EUR 000 Q1/2026 Q1/2025 Revenue1 Increase / decrease in inventories of finished goods and work in progress Other own work capitalized Other operating income1 270,945 229,270 1,895 6,381 1,894 4,334 4,527 2,403 Total operating performance Cost of materials Personnel costs1 Impairment expense / income Other operating expenses1 279,261 242,388 139,731 124,112 91,143 81,309 204 207 22,457 19,418 Earnings before interest, taxes, depreciation and amortization (EBITDA)2 Special items Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) Depreciation and amortization of intangible assets, right-of-use assets under leases and property, plant and equipment 25,726 17,342 1,616 2,651 27,342 19,993 10,537 9,675 Earnings before interest and taxes (EBIT)3 Interest and similar income Interest and other finance expenses Currency translation losses / gains Share of profit or loss of associates accounted for using the equity method 15,189 7,667 3,119 618 1,976 2,235 63 - 167 - 2,669 - 63 Net finance income / expenses1 - 1,463 - 1,847 Earnings before taxes (EBT)4 Income taxes 13,726 5,820 3,786 1,848 Consolidated net profit for the year1 9,940 3,972 Share of OHB SE shareholders in net profit for the year Non-controlling interests in net profit for the year1 Average number of shares (in units) Basic earnings per share (EUR)1 Diluted earnings per share (EUR)1 9,894 3,739 46 233 19,152,920 19,152,920 0.52 0.20 0.52 0.20 Restated in the first quarter of 2025 EBITDA = Earnings before interest, taxes, depreciation and amortization; adjusted in the first quarter of 2025 EBIT = Earnings before interest and taxes; adjusted in the first quarter of 2025 EBT = Earnings before taxes; adjusted in the first quarter of 2025 20