Redelfi S p A : BOARD OF DIRECTORS APPROVES THE 2025 SUSTAINABILITY REPORT AND PROPOSES A NEW INDEPENDENT AUDIT FIRM TO SUPPORT ITS GROWTH STRATEGY

Published July 22, 2026 at 8:25 a.m. UTC

Source: MarketScreener

Below is the press release, available in PDF format (in italian).

• THE 2025 SUSTAINABILITY REPORT HAS BEEN APPROVED, INTRODUCING A DUAL MATERIALITY ANALYSIS AND AN INCREASINGLY INTEGRATED REPORTING MODEL, THANKS TO ALIGNMENT WITH CSRD PRINCIPLES

• APPROVED THE CONSENSUS RESOLUTION PROPOSAL REGARDING THE STATUTORY AUDIT ENGAGEMENT WITH BDO

• EXPRESSED ITS APPROVAL OF KPMG'S APPOINTMENT AS THE GROUP'S STATUTORY AUDITOR, SUBJECT TO A REASONED PROPOSAL BY THE BOARD OF STATUTORY AUDITORS

Milan, July 21, 2026
The Board of Directors of Redelfi S.p.A. ("Redelfi" or the "Company"), the parent company of the industrial group of the same name with its operational headquarters in Genoa-engaged in the development of innovative and sustainable infrastructure to support the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana-announces that it has approved, as of today, the 2025 Sustainability Report, prepared on a voluntary basis in accordance with the GRI Standards, and that it has also approved the proposal for a consensual resolution regarding the termination of the statutory audit engagement currently entrusted to BDO Audit Services S.r.l. and the concurrent proposal to award the new engagement to KPMG S.p.A., both of which are to be submitted for approval by the Shareholders' Meeting.

Approval of the 2025 Sustainability Report
The 2025 Sustainability Report represents a significant evolution in the Group's ESG journey and a further step toward alignment with the principles introduced by the Corporate Sustainability Reporting Directive ("CSRD"). In fact, for the first time, the document has been prepared using the dual materiality approach, which allows for the assessment of both the environmental impacts generated by industrial activities and the effects that ESG factors may have on the Group's economic and financial performance, laying the groundwork for the progressive integration of sustainability into decision-making processes and corporate strategy.
This report highlights a year of significant industrial, organizational, and financial growth. During the fiscal year, the Group recorded revenue of 27 million euros and EBITDA of 15.8 million euros, with an EBITDA margin of 58%. At the same time, Redelfi consolidated its position in the Italian market through a pipeline of approximately 6 GW of BESS projects, of which about 4 GW are in an advanced stage of regulatory approval. In terms of governance and human capital, 2025 was marked by the strengthening of the management structure and the Board of Directors, as well as a 52% increase in the workforce, with 55% of employees under the age of 30. During the year, the Group also introduced the Commute Plan, promoting initiatives aimed at employee well-being and more sustainable mobility.
The materiality analysis highlighted, among the key strategic opportunities, issues such as access to capital, the creation and distribution of economic value, transparency, and circularity, while the main risk factors include climate change, emissions management, biodiversity conservation, data security, and the evolving geopolitical landscape. The results of the assessment form the basis for the Group's ongoing process of aligning itself with future European sustainability reporting requirements.
As part of its community support efforts, Redelfi renewed its support for cultural and social initiatives in 2025, such as the Riviera International Film Festival and "Stelle nello Sport," reaffirming the Group's commitment to the local community and its desire to contribute to the promotion of projects capable of generating value.

Approval of the proposed consensual resolution regarding BDO's audit engagement and the proposal to appoint KPMG as the new statutory auditor
As part of the process of evolving corporate governance and adapting the control structure to the Group's growth, the Board of Directors approved the proposal for a consensual termination and the proposal to award the new statutory audit engagement currently held by BDO Audit Services S.r.l., as well as the proposal to award the new engagement to KPMG S.p.A., to be submitted to the Shareholders' Meeting, pursuant to Legislative Decree 39/2010.

Davide Sommariva, Chairman of the Board of Redelfi S.p.A., commented: "Davide Sommariva, Chairman of the Board of Directors of Redelfi S.p.A., commented: "Redelfi's growth requires continuous evolution not only of our business, but also of the governance and processes that support it. The gradual alignment with CSRD principles in the Sustainability Report represents an important step forward toward creating sustainable long-term value, integrated with our economic and financial results." ."

Notice of the Shareholders' Meeting
The Board of Directors has resolved to convene the Ordinary Shareholders' Meeting on August 6, 2026, at the location and in the manner to be specified in the relevant notice of meeting, which will be published in accordance with the terms set forth in applicable laws and regulations.
Documents relating to the items on the agenda will be made available to the public at the company's registered office and on the website www.redelfi.com,(Investor Relations > Shareholders' Meeting section), as well as on the website www.borsaitaliana.it (Shares> Documents section) within the timeframe set forth by applicable law.

This press release is available on website www.redelfi.com, section , and on www.1info.it.>

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Redelfi is the parent company of an industrial group active in the energy transition sector, through the development of strategic infrastructure-primarily Battery Energy Storage Systems-with a highly innovative approach and a strong focus on adhering to ESG principles in corporate management. In fiscal year 2025, the Group generated a production value of €27 million and a net profit of €5.2 million. EBITDA amounted to €15.7 million. The pro-forma net financial position is cash negative by €15 million, and shareholders' equity stands at €45 million.

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