FY 2025 RESULTS

FY 2025 Results

Conference VideoCall

CEO

• President of Confindustria Moda 2025-2029

• Since 2012 in Pattern

• Strong know-how of Fashion & Luxury industry and experience as a Top Manager

• Education: Executive MBA Bocconi / Graduated

International Political Sciences

CFO

• Since 2009 in Pattern

• 25 years as CFO and Senior Controller

• Education: Graduated in

  Economics

  Investor Relations Manager

  
  
  

  • Since 2019 in Pattern

  • 15 years in communication, last 10 years focused on the International Fashion Industry

  • Education: MSc Bocconi in Economics

    
    
    

    2

    Landmark for top-end

    Luxury Fashion Engineering & Production

    
    
    Index
    
    

    • FY 2025 Overview

    • Outlook 2026 & Strategic Plan 2026-2028

    • Investments Carried Out

      in 2025-2026

    • Financials FY 2025

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FY 2025 Overview

2025 was a particularly challenging year for the Italian Fashion System, which was already severely impacted in 2024. The sector experienced a further contraction due to two significant macroeconomic dynamics: on the one hand, the structural slowdown in Chinese demand for Western products and, on the other, the combined impact of US tariffs and the weak dollar.

Pattern Group ended 2025 with results that were slightly better than expected. This improvement was driven by a

Performance varied across the Group's divisions: good growth in knitwear, resilience of Pattern in ready-to-wear

and a recovery in leather goods, with margins improving in 4Q.

Good operational performance thanks to a solid customer base, ongoing demand for Innovation and for the development of new products, and the gradual industrial integration between the various companies within the Group.

Pattern has continued to invest and strengthen its industrial capabilities despite the challenging market environment.

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Outlook 2026 & Strategic Plan 2026-

2028

It remains certain, however, that in this scenario the gap will continue to widen between top luxury - whose products offer high quality and long-lasting durability - and fashion luxury, which is more closely tied to aesthetics alone, presenting potential opportunities for mid-tier brands with better price positioning.

In summary, in the medium to long term, volumes are expected to hold steady but with a recovery in margins,

although some pressure on prices will remain.

The Group's M&A policy will continue as always, with a strong focus on product development and entrepreneurs wishing to participate in the project, whilst - as in the past - no speculative decisions will be made. This is in line with the new 2026-2028 strategic plan presented in September, which will have a significant and positive impact on the Group's operations in the coming years.

Despite the ongoing geopolitical changes, we confirm the solidity of the Pattern Group which, thanks to a very balanced financial structure with a long-term vision and a rational use of leverage (debt), looks to its future with confidence. For this reason, the substantial investments dedicated to the construction of infrastructural assets were completed in 2025, as well as the recent acquisition of minorities, particularly in the knitwear sector. Furthermore, the decision to propose the distribution of an extraordinary dividend, albeit of a limited amount, fits within this positive outlook, where the aim is to return to remunerating shareholders

Luca Sburlati, CEO Pattern Group

Objectives:

1. Necessary reduction of market risk, customer concentration in a company resilient to any market fluctuations over a 5-10year horizon

2. Countering aggressive competitors who, through financial leverage, have created significantly larger groups (even if currently burdened by significant debt) that can afford to dump and pressure customers.

*Presented in September 2025

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Drivers of uncertainty

The costs affected by these drivers are recalculated based on current logic.

Upside

*Presented in September 2025

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MISSION

Create a unique Italian industrial player focused on Product Development and

Innovation, progressively expanding its focus from Ready -To-Wear sector and pursuing economic growth objectives with low invested capital

INTEGRATE

INNOVATE

IMPACT

*Presented in September 2025 12

Revenue

EBITDA Margin

NFP

Target 2028 AS IS

€ 125 - 140 M

Low double digit

Target 2028

with M&A

+ 12 - 20%

Medium double

digit

*Presented in September 2025

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Investments Carried Out in 2025-2026

Inauguration of MTF - Manifattura Tessuti Double, specialist in the production of splittable fabrics garments, based in Santeramo in Colle (BA), represents a center of excellence in Italian manufacturing know-how.

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Feb.

2026

8

Oct. 2025

Inauguration of the new headquarters in Turin, covering an area of approximately 22,000 square meters. Thanks to the installation of photovoltaic and geothermal systems for the production of clean energy and extensive green areas, the building, in March 2026, Pattern achieves the LEED Certification, one of the most prestigious recognitions of energy efficiency and environmental sustainability.

Start of an internal production line in Pattern Torino dedicated to small-scale, highly complex productions.

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Feb. 2026

15

22

Dec.

2025

Subscription, together with Bo.Ma. Holding S.r.l. and S.M.T. (80%), of a binding term sheet with Camer S.r.l. and Stefano Casini, CEO of SMT, for the implementation of a corporate reorganization within the Pattern Group.

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Mar. 2026

S.M.T. - Società Manifattura Tessile S.p.A. with the acquisition of an additional 10% of the share capital of S.M.T. structured as (i) a repurchase of 7.34% of SMT shares by SMT itself, and (ii) the contribution of the remaining 2.66% into Pattern via a reserved capital increase.

As a result, Pattern's direct stake in SMT stands at 82.7%, which rises to 89.2% when taking into account the proportion of SMT's treasury shares.

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Financials FY 2025

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-8.6%

-54.9%

5.0%

10.2%

decreased by

€ 3 M in 4Q2

1 The adj. Group net result is adjusted to take account of goodwill and financial income 18

2 Net debt at September 30, 2025 stood at € 22.8 M.

• Decline in volumes in all sectors and mainly concentrated in the H1, against the backdrop of a particularly weak market for the luxury sector.
• Recovery recorded in the H2, due both to an improvement in market conditions - which led to an increase in orders - and to deliveries which, for seasonal reasons, had been postponed until the second half of the year.

€M

-8.6%

128.0

-1.1

117.0

+18.8%

63.5

53.5

PRO-FORMA1 REVENUE 2024

€ 137.2 M

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1 The 2025 figure is compared with the pro-forma figure for 2024, as Umbria Verde Mattioli has been consolidated since 1 July 2024.

€M

-54.9%

13.0

5.9

+278.5%

5.9

1.6

5.3

-2.1

FY 2024

Ready to wear

Knitwear Leather Goods

FY 2025

H1 2025

Ready to wear

Knitwear Leather Goods

FY 2025

• Ebitda Margin 5.0%

• Decline in profitability mainly due to a fall in volumes, which increased the proportion of fixed costs despite the ongoing restructuring of Dyloan Bond Factory, the reduction in leather goods production sites, and cost-saving measures implemented

• H2 saw a significant improvement (€4.3 million vs €1.6 million in H1)

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Positive items Negative items