Technotrans : Annual report (TEC GB 2025 EN 01)

About this update from Technotrans Se

Financial year 2025: Financial highlights of the technotrans Group 244.0 Revenue (PY: 238.1 Technology: 184.6 (PY: 177.7 Services: 59.4 (PY: 60.4 17.3 7.1% EBIT (PY: 12.3 Technology: 8.2 (PY: 3.6 Services: 9.3 (PY: 8.9 ) EBIT margin (PY: 5.2 %) Technology: 4.4 % (PY: 2.0 %) Services: 15.6 % (PY: 14.7 %) 16.6 16.8% 65.1% ROCE (PY: 11.8 %) 0.83 1.66 1,443 Dividend proposal (PY: 0.53 Free cash flow (PY: 8.5 Earnings per share (PY: 1.06 Equity ratio (PY: 60.5 %) Employees as of Dec 31, 2025 (PY: 1,514) Ready for Growth Contents To our Shareholders Letter from the Board of Management Page 6 Report of the Supervisory Board Page 10 Corporate bodies Page 19 Success story Page 22 technotrans on the capital market shares Page 24 Combined Management Report Basic profile of the Group Page 30 Economic Report Page 46 Overall statement by the Board of Management on the 2025 financial year Page 57 Remuneration Report Page 58 Supplementary disclosures pursuant to Sections 289a, 315a HGB Page 59 Combined Non-Financial Statement Page 61 Corporate Governance Declaration Page 85 Opportunities and Risks Report Page 101 Report on Expected Developments Page 112 Consolidated Financial Statements Consolidated Balance Sheet Page 120 Consolidated Income Statement Page 122 Consolidated Statement of Recognised Income and Expense Page 123 Consolidated Cash Flow Statement Page 124 Consolidated Statement of Movements in Equity Page 126 Notes Page 128 Further information Proposal on the appropriation of profit Page 185 Responsibility Statement by the Management Page 186 Page 187 Glossary Page 196 Financial Calendar Page 198 Contact Page 199 Performance indicators for the technotrans Group (IFRS) Page 200 Natascha Sander, CFO Michael Finger, CEO Dear Shareholders, The 2025 financial year brought major progress for technotrans. In a still-challenging economic environment, we consistently pursued our strategic reorientation, markedly improved our operating efficiency and further strengthened our basis for sustainably profitable growth. technotrans can now be considered a focused, efficient and profitable Group with clear prospects for the coming years. Our development in the 2025 financial year demonstrates that the actions we have taken are working. Concentrating on attractive application areas, greater operational discipline and the careful development of our portfolio have helped drive a palpable and itability. All this means we can now propose technotrans as an attractive investment with long-term prospects. Profitable growth and clear improvement in return on investment The 2025 financial year saw the technotrans Group post revenue of 244.0 million and, despite the difficult economic environment, moderate year-on-year growth of 2.5%. Meanwhile earnings quality improved markedly: EBIT was up 39.9% at 17.3 million and the EBIT margin rose significantly from 5.2% to 7.1%. The return on capital employed (ROCE) climbed from 11.8% to 16.8% to reach a level that was both well up on the previous year and above our expectations. This development highlights that the technotrans Group is increasingly converting revenue into profit. Our resilient business model is developing operational leverage, which creates further appreciation potential especially when coupled with continuing growth. Efficiency, scalability and capital discipline are at the heart of all our actions. Focus markets with structural growth potential The deliberate strategic emphasis on high-growth, attractive focus markets remains a key success factor in our equity story. Energy Management, Healthcare & Analytics and Print were the most notable growth drivers in 2025. In the Energy Management focus market, we are systematically expanding our position in applications where the technological barriers to entry are high. Battery thermal management systems for rail vehicles and e-buses, high-performance liquid cooling systems for data centres and specialised applications for satellite communications underscore the technological expertise and scalability of this business area. Demand is underpinned by long-term structural developments and offers attractive growth prospects. Healthcare & Analytics is equally enjoying dynamic growth. Growing demand for precision, reliable cooling in lab, analytics and semiconductor applications is creating long-term growth potential in a field that is less cyclically exposed. Here, technotrans can draw on its extensive applications expertise, high quality standards and long-established customer relationships. We have also cemented our market position in the Print focus market. We have benefited from our strong global positioning especially in packaging, flexographic and digital printing. The exclusive blanket agreement with Windmöller & Hölscher, a world-leading manufacturer of machinery and plant for flexible packaging, confirms technotrans The temporary pressures in the Plastics and Laser focus markets mental appeal. If anything, they demonstrate the strength of our diversification: high-growth focus markets and strong service business balance out cyclical fluctuations and stabilise profits and cash flow. Near-doubling of free cash flow year on year flow increased by 8.1 million to 16.6 million. It therefore almost doubled from the previous year, to a level that is actually an all-time high. Net debt was reduced significantly to 8.3 million and the equity ratio remained high at 65.1%. technotrans therefore enjoys a strong balance sheet structure that provides scope for investment in organic growth, innovations and strategic options. A robust financial profile is a core component of our investment story. It creates certainty, improves strategic flexibility and boosts confidence that our profitability is sustainable. And it forms the basis for a dependable, long-term dividend policy. Ready for Growth: clear ambitions, clear path We defined the next step forward for technotrans with the unveiling of the Ready for Growth corporate strategy in October 2025. Building on the successfully concluded Future Ready 2025 strategy, we are now consistently priming the Group for accelerated, profitable growth. Our ambitions are crystal clear: by 2030 we are targeting consolidated revenue of more than 350 million and an EBIT margin of 9.0% to 12.0%. Sustainably generating free cash flow is also a priority. It will be underpinned by global structural developments such as artificial intelligence, electrification, decarbonisation, digitalisation and medical progress. technotrans occupies a strong position with its technology in these application areas, thanks to its profound applications expertise and long- established relationships with customers. In these markets, technotrans sees itself as a system partner rather than an out-and-out components and solutions provider. This positioning offers potential for differentiation, pricing freedom and longterm customer ties key factors for sustained value growth. Outlook and thanks policy and the depreciation of the US dollar. The start of 2026 also brought an escalation of geopolitical tensions in the Middle East. The uncertainty that this is causing may influence particularly energy prices, supply chains and investment decisions in our sales markets. Against this backdrop and based on the latest assessment of the market context, we expect consolidated revenue of between 240 and 260 million for the 2026 financial year with an EBIT margin of 6.5% to 8.5%. We in addition expect free cash flow of slightly more than 10 million. Investment for the construction of the new plant at Sassenberg has not been included in the free cash flow because the planning phase for the construction of a new production and logistics building at Sassenberg and therefore the scheduling of the start of work have not yet been completed. The clear implementation of our strategy, a clear focus on attractive markets and improved profitability provide a solid basis for further growth. technotrans is now more resilient, more efficient and closer to its customers than ever before. Our particular thanks are due to our employees all over the world. Their commitment, expertise and financial year. We also expressly want to thank our customers and business partners for their long-standing partner- ship, trust and loyalty. Specifically in a challenging market environment, such dependable partnerships are a major success factor. Dear Shareholders, We are especially grateful to you as the owners of technotrans SE. Thank you for the trust you have placed in us and for your support as we continue to evolve into a sustainably successful and profitable enterprise. In a demanding financial year, technotrans increased its consolidated net profit from 7.3 million to 11.5 million. And we would like you to participate suitably in this success. The Board of Management and Supervisory Board will therefore propose to the Annual General Meeting on May 29, 2026 that a dividend of 0.83 per share be distributed. This represents a payout ratio of 50% and is consistent with our long-standing, dependable dividend policy. technotrans is the embodiment of a clear strategic direction, rising profitability and attractive longterm growth prospects. We are convinced that what we have achieved establishes the basis for sustained value growth. Together, we can look forward to accelerating technotrans Ready for Growth strategy. On behalf of the Board of Management Michael Finger CEO Peter Baumgartner, Supervisory Board Chair Dear Shareholders, The 2025 financial year brought a strategic reorientation for technotrans SE. Partly in response to the continuing challenges presented by the geopolitical and economic environment worldwide with global conflicts, high economic uncertainty and key industries in the grip of a profound transformation process the Board of Management and Supervisory Board jointly took landmark decisions. At their core, these focused on taking the corporate strategy to the next level. The Capital Market Day in Sassenberg provided technotrans SE with the right context to unveil the new Ready for Growth strategy, which sets out our course for profitable growth and sustained value growth. The Supervisory Board was closely involved in this reorientation and, following extensive consultations, gave it the go-ahead. The aim of the strategy remains to position technotrans as a world-leading supplier of innovative thermal management solutions in the Technology and Services segments and to achieve a growth rate in its defined focus markets that is well above the rate for each of those markets. It is underpinned by a consistent focus on key future trends: artificial intelligence, electrification, decarbonisation, digitalisation and medical progress. technotrans is already excellently positioned with its technology in each of those application areas. The Supervisory Board carried out its supervisory, audit and advisory functions with due responsibility, including in light of the strategic ambitions for 2030. The Supervisory Board constructively supported all strategic initiatives, oversaw implementation of the comprehensive organisation development measures and assessed the effectiveness of the new market-led structure. The Supervisory Board also ensured that the opportunities and risks from the growth strategy were weighed up carefully and their impact Another area of focus was the integration of sustainability as a major plank of entrepreneurial value creation. The Supervisory Board supported the relevant initiatives and ensured that environmental, social and regulatory requirements were consistently heeded. Let me express my gratitude to you, Dear Shareholders, for your confidence and support. Our vision is clear: to see technotrans extend its role as a globally active, leading supplier of thermal management solutions innovative, fast-growing and sustainable. The Supervisory Board will continue to guide and support it along this path. The Supervisory Board continues to fulfil every requirement with regard to balanced composition, wide range of skills and independence. We will again advise and oversee the Board of Management responsibly, constructively and proactively in the 2026 financial year and beyond, in order to ensure that Ready for Growth is successfully implemented. Continuing dialogue with the Board of Management The Supervisory Board of technotrans SE performed the duties incumbent upon it under the law and in accordance with the Articles of Association and the Rules of Procedure in full and with great care in the past 2025 financial year. We continuously oversaw and advised on the activities of the Board of Management in running the company based on detailed written and oral reports submitted, and were involved directly and promptly in all decisions of fundamental significance. The Chair of the Supervisory Board and the committee chairs also maintained a close, regular exchange of information with the members of the Board of Management in between the committee meetings. The Board of Management at all times fulfilled its duties to report and inform, in the form set out in the Declaration of Compliance, under the statutory requirements and the Articles of Association as well as met the recommendations of the German Corporate Governance Code (GCGC) and informed the Supervisory Board regularly, promptly and comprehensively of the current status of transactions, the intended business policy and the economic position of the company and the Group, the prevailing risks, risk management as well as relevant questions of compliance and sustainability, strategy and corporate planning. Significant business transactions were discussed in the committees and the meetings of the full Supervisory Board on the basis of reports. Any deviations in the business performance from the plans and targets were explained individually and discussed at length by the Supervisory Board, for example at meetings of the Audit Committee. Composition of the Supervisory Board and committees; meetings attended The Supervisory Board held seven meetings in the 2025 financial year, which the Board of Management also attended in part. Those meetings took place on February 12, April 1, May 15, May 16, September 4, September 19 and December 17 . The meeting on May 16 was an in-person meeting of the Supervisory Board members on the premises of the Münsterland Hall Exhibition and Congress Centre, following the Annual General Meeting. The meeting on February 12 had a virtual-only format and was held by video conference. All other meetings had a hybrid format, in other words in-person meetings with the option to participate virtually. One resolution was moreover passed by written procedure. No meetings exclusively took the form of a telephone conference. In addition to the meetings, individual Supervisory Board members held discussions through telephone conversations, video calls and by email. For certain periods of its meetings the Supervisory Board also met without the Board of Management in attendance. This was to address agenda items that either related to the Board of Management itself or were internal Supervisory Board matters. Prior to the meetings of the Supervisory Board, both the employee and shareholder representatives held preliminary discussions independently of each other. At the Supervisory Board meeting on May 16, 2025 the board addressed adjustments to the Rules of Procedure of the Supervisory Board (Sections 7, 10, 11). In my capacity as Supervisory Board Chair, I submitted the proposal to abolish the Committee for Personnel and Organisation Development and to increase the number of members of the Committee for Strategy and Innovation to a maximum of four members, instead of the previous three. The Supervisory Board discussed the adjustments at length and approved the changes accordingly at its meeting on May 16, 2025. Up until the resolution dated May 16, 2025 the Supervisory Board therefore had four committees in total the three committees named in the Rules of Procedure of the Supervisory Board, namely the Audit Committee, the Committee for Personnel and Organisation Development and the Committee for Strategy and Innovation, as well as the ad hoc Nominating Committee ahead of the upcoming Supervisory Board elections. The Committee for Personnel and Organisation Development did not hold any meetings in the period under report from January 1, 2025 to May 16, 2025. The Nominating Committee met three times in 2025. The Audit Committee equally met three times in the 2025 calendar year. That aside, the Committee for Strategy and Innovation held one committee meeting, in April 2025. The term of office of Ms Andrea Bauer as a shareholder representative on the Supervisory Board ended with the 2025 Annual General Meeting. Ms Karin Sonnenmoser was elected to the Supervisory Board of technotrans SE as the new shareholder representative with effect from the close of the 2025 Annual General Meeting on May 16, 2025. All members of the Supervisory Board attended all Supervisory Board meetings and were in most cases present in person. The same applies to the respective committee members at the meetings of the committees formed by the Supervisory Board. Individual members joined individual meetings of the Supervisory Board or its committees by video call. The meetings of the Nominating Committee had a virtual-only format. The Board of Management members all attended the meetings of the full Supervisory Board, with the exception of the meeting on May 16, 2025, which was exclusively for the Supervisory Board; at each of the other meetings individual matters and agenda items were also discussed and considered solely by the Supervisory Board, without the presence of Board of Management members. The composition of the committees and the attendance record of individual members at Supervisory Board meetings are shown in the following table: Meeting Attendance Attendance rate (%) Supervisory Board Peter Baumgartner (Chair) 7/7 100 Andrea Bauer (Member until May 16, 2025) 3/3 100 Dr-Ing Gottfried H. Dutiné (Deputy Chair) 7/7 100 Florian Herger 7/7 100 Andre Peckruhn 7/7 100 Thorbjørn Ringkamp 7/7 100 Karin Sonnenmoser (Member from May 16, 2025) 4/4 100 Audit Committee Peter Baumgartner (Member until May 16, 2025; thereafter as guest) 3/3 100 Florian Herger (Chair until May 16, 2025) 3/3 100 Andre Peckruhn 3/3 100 Karin Sonnenmoser (Member and Chair from May 16, 2025) Committee for Strategy and Innovation 2/2 100 Peter Baumgartner (Guest) 1/1 100 Dr-Ing Gottfried H. Dutiné (Chair) 1/1 100 Florian Herger (Guest) 1/1 100 Andre Peckruhn 1/1 100 Thorbjørn Ringkamp 1/1 100 Nominating Committee Peter Baumgartner (Chair) 3/3 100 Dr-Ing Gottfried H. Dutiné 3/3 100 Florian Herger 3/3 100 Karin Sonnenmoser (Member from May 16, 2025) 3/3 100 Key themes of the Supervisory Board meetings in the 2025 financial year Recurring subject matters at the meetings of the Supervisory Board included the reports by the Board of Management and supervision and guidance of the Board of Management by the Supervisory Board. At every meeting, the Board of Management provided reports with updates on the business situation and financial position of the technotrans Group and on the development of the Technology and Services segments as the corporate management units of the Group. The Board of Manage- s of the new market-led organisational structure. In that connection the Board of Management also updated the Supervisory Board regularly on the transformation drive for continuing organisational development and enhanced efficiency. The Supervisory Board advised the Board of Management on recommendations on how to implement the strategic initiatives in practice. It carefully scrutinised the individual steps, examined the underlying decision-making documents and acted as advisor to the Board of Management on the definition of the Ready for Growth strategy. Other items on the agenda included the development of the capital market, the development of the technotrans SE share price, M&A matters and presentations from the Board of Management portfolios. At its meetings the Supervisory Board also considered the reports by the Board of Management on aspects of risk management, preventive compliance work, ongoing litigation, ESG developments and corporate governance. The Board of Management also informed the Supervisory Board on matters of particular significance outside the context of meetings. In my capacity as Supervisory Board Chair, I held regular discussions on important topical matters with the CEO outside the context of the meetings. The Supervisory Board of technotrans SE appointed Natascha Sander as Chief Financial Officer with effect from February 1, 2025. Natascha Sander was Head of Group Controlling at the company from 2023. The Supervisory Board addressed the following matters as a priority at its meetings: The Supervisory Board held its first meeting of 2025 on February 12, 2025 . Priority topics were current aspects of the strategic direction of the Plastics and Laser focus markets. The Supervisory Board also considered the targets for the 2025 financial year and the schedule of responsibilities presented by the Board of Management for the allocation of portfolios. The Supervisory Board furthermore discussed the suggested changes to Board of Management and Supervisory Board remuneration as the basis for resolutions to be proposed to the 2025 Annual General Meeting. The main topic of the second meeting on April 1, 2025 was the annual financial statements of technotrans SE at December 31, 2024 and the Consolidated Financial Statements at December 31, 2024. The Supervisory Board discussed the submissions and, following intensive dialogue with the representatives of the auditor PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Osnabrück, and on the recommendation of the Audit Committee, approved the annual financial statements of technotrans SE, which were thus adopted, as well as the Consolidated Financial Statements for the 2024 financial year. The Supervisory Board also approved the dividend proposal by the Board of Management and the proposed agenda for the 2025 Annual General Meeting with the resolution proposals set forth therein. In this connection the Supervisory Board set the agenda item of the resolution proposal on the election of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Osnabrück, as auditor of the annual financial statements and Consolidated Financial Statements for the 2025 financial year. Other items on the agenda for that Supervisory Board meeting were the review of the Combined Non-Financial Statement as well as reports on potential acquisitions and on the strategic direction of the Plastics and Laser focus markets. On the day before the Annual General Meeting, on May 15, 2025 , the Supervisory Board held its third meeting. This provided the Board of Management with an opportunity to report at length on the business performance over the months January to April 2025, present its outlook on the expected performance over the remainder of the 2025 financial year and outline the measures to safeguard revenue and earnings for the Group as a whole. The findings of the self-evaluation of the Supervisory Board conducted in December 2024 and the recommendations and action derived from it were also discussed. In addition, the Board of Management provided information on the preparations for the Annual General Meeting held the next day. As Supervisory Board member-designate, Ms Sonnenmoser Supervisory Board also addressed such matters as the strategic direction of the Plastics and Laser focus markets and considered reports on potential acquisitions. At the meeting, the Supervisory Board Annual General Meeting. They included my proposals on adjustments to the Rules of Procedure of the Supervisory Board (Sections 7, 10, 11). In that connection, in my capacity as Supervisory Board Chair I put forward the proposal to abolish the Committee for Personnel and Organisation Development and to increase the number of members of the Committee for Strategy and Innovation to a maximum of four members, instead of the previous three. Immediately after the Annual General Meeting of technotrans SE on May 16, 2025 the members of the Supervisory Board met again. Ms Sonnenmoser attended that meeting for the first time as a Supervisory Board member newly elected by the Annual General Meeting. After an in-depth discussion the newly constituted Supervisory Board approved the changes to the Rules of Procedure of the Supervisory Board, specifically the proposals to abolish the Committee for Personnel and Organisation Development and to expand the Committee for Strategy and Innovation to four members instead of the previous three, and approved the appropriate changes to the Rules of Procedure of the Supervisory Board with effect from May 16, 2025. The elections to constitute the Audit Committee and for the Committee for Strategy and Innovation were also held at that meeting. In addition, the Nominating Committee was formed in light of the end of the terms of office of Dr-Ing Gottfried H Dutiné and myself at the Annual General Meeting in 2026. At the fifth Supervisory Board meeting on September 4, 2025 the Ready for Growth strategy and the technological outlook were presented in depth. The sixth Supervisory Board meeting on September 19, 2025 was mainly given over to the business performance over the period January to August 2025 and the outlook for the full year. The ESG strategy and the accompanying sustainability targets were also presented. The Supervisory Board unanimously approved the Ready for Growth strategy. The Board of Management also briefed the Supervisory Board on the planning and budgeting process for the 2026 financial year. Another major agenda item was the Board of Manag Sassenberg. The seventh meeting of the Supervisory Board on December 17, 2025 looked at the forecast for the nearly completed 2025 financial year and the budgeting for the 2026 financial year including revenue, cost, profit, investment and human resources planning as well as the target agreements for the Board of Management for the 2026 financial year. In addition, the Supervisory Board unanimously approved the appointment of Mr Finger for a further five years. Mr Finger was also appointed Board of Management Chair with immediate effect and for the duration of his appointment until December 31, 2030. At this meeting the Supervisory Board furthermore passed the resolution on the construction of a new plant at the Sassenberg headquarters. The new facility will primarily provide increased manufacturing and logistics space and represents a landmark event in the development of the company. This strategically important project kicks off the biggest bricks-and-mortar investment in the history of the company. Our duties include regularly examining and improving the quality of our work on the Supervisory Board. To that end, we conduct a self-evaluation on a regular basis. Such a review again took place in December 2025. The work of the Supervisory Board committees in the 2025 financial year current Rules of Procedure of the Supervisory Board, the Supervisory Board has formed the following committees: the Audit Committee, the Committee for Personnel and Organisation Development (with a mandate from January 1, 2025 to May 16, 2025), and the Committee for Strategy and Innovation. A Nominating Committee is only formed on an ad hoc basis, in each case in ample time ahead of the ending of the term of office of at least one Supervisory Board member elected by the shareholders. The committees prepare resolutions and matters to be addressed by plenary Supervisory Board meetings. The Supervisory Board may delegate decision-making authority to committees to the extent permitted by law. The committee chairs report on the work of the committee to the Supervisory Board at the next meeting. They also hold consultations with the Supervisory Board Chair in between the committee meetings. The following table indicates the composition of the committees and which individual members attended the committee meetings. The Nominating Committee met three times in 2025, on June 4, July 16 and September 15 , to make in-depth, long-term preparations for the upcoming ending of terms of office of Supervisory Board members in the coming years. Specifically, the committee considered the ending of the terms of office of Dr-Ing Gottfried H Dutiné and myself in May 2026. The Audit Committee met on three occasions in 2025, on March 17, August 4 and December 17 ; representatives of the auditor attended the meetings in March and December for part of the time. The Audit Committee addressed matters concerning the annual financial statements for the 2024 and 2025 financial years, the presentation of the accounts and International Financial Reporting Standards (IFRS) accounting, the Internal Control System, sustainability reporting and the effectiveness of the compliance and Risk Management System. The presentation of the accounts and IFRS accounting covered primarily the Consolidated Financial Statements and the Combined Management Report of the parent company and Group (including CSR reporting), intra-year financial information and the separate financial statements of technotrans SE according to the German Commercial Code. Other aspects included the statement of independence by the auditor, the recommendation of the Audit Committee on the awarding of the audit mandate, the audit priorities for the auditors for 2025, as well as the audit of the 2025 annual financial statements. Other priorities in the Audit Committee meetings included the monthly financial reporting to the Supervisory Board, fiscal matters, the newly established crisis management system and the ongoing development of internal reporting. The Audit Committee was also given reports on the topics of financing strategy and working capital optimisation. The meeting on March 17, 2025 focused on preparations for the Superviso the financial statements and on the auditing of the accounts for the 2024 financial year. The com- mittee gave the Supervisory Board the recommendation that PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Osnabrück, be proposed to the Annual General Meeting as auditor for the 2025 financial year. There were no findings that necessitated the exclusion, questioned the impartiality or threatened the independence of the auditor. The Combined Non-Financial Statement of technotrans SE and the technotrans Group for the 2024 financial year were in addition reviewed by the Supervisory Board as part of the Combined Management Report. At the committee meetings held in March, August and December, the Board of Management reported on the prevailing business and financial situation and in each case provided an updated outlook for 2025 as a whole. The meeting on December 17, 2025 was mainly given over to a discussion of the forecast for the 2025 financial year, progress with the audit of the annual financial statements, budget planning for the coming 2026 financial year and an update on risk management for the Group. The Committee for Strategy and Innovation held one meeting in the financial year on April 8, 2025 . Questions concerning innovation and strategy were discussed at length with representatives of the Supervisory Board, the Board of Management and the Head of Group Engineering Support. This committee considered primarily how to conduct progress checks on segment and market-spe-cific topics, the new EU F-Gas Directive and the status and use of artificial intelligence within the company. There were also several rounds of preparatory coordinating talks on the 2030 strategy with the Board of Management and relevant managers. The consolidated findings of this strategic preparatory work were presented to the full Supervisory Board at the Supervisory Board meeting on September 4, 2025, where they were discussed at length. As a supplementary measure committee chair Dr- implementation through ongoing discussions throughout the 2025 financial year with the Board of Management and relevant managers, and supported that process in an advisory role. The Committee for Personnel and Organisation Development did not meet in 2025 and was abolished with immediate effect by the Supervisory Board resolution dated May 16, 2025 on the changes to the Rules of Procedure of the Supervisory Board. Independence, conflicts of interest, professional development The members of the Supervisory Board were independent in sufficient numbers and had sufficient time to serve as non-executive directors. They had ample opportunity to assess the reports and resolution proposals of the Board of Management constructively in the committees and plenary meetings, and also to contribute their own suggestions. In accordance with the recommendation in the GCGC, the Supervisory Board members of technotrans SE disclose any conflicts of interest to the Supervisory Board without delay. No conflicts of interest that should be disclosed to the Supervisory Board and would need to be reported to the Annual General Meeting arose in the year under review. The members of the Supervisory Board are to stay informed by intensive reading of relevant trade media and publications by the public auditor and by sharing insights with representatives of other listed companies. Furthermore, in individual cases independent firms of consultants are brought in for specific topics, for example to advise on the reorganisation of the remuneration systems for the Supervisory Board and Board of Management as proposed to the 2025 Annual General Meeting. As a fundamental principle Supervisory Board members were individually responsible for obtaining the additional training and professional development required for their duties. By way of additional support, the company arranged specialist presentations by technotrans SE employees on such topics as the new F-Gas Directive and ESG. Adoption of the annual financial statements and approval of the Consolidated Financial Statements as of December 31, 2025 The annual financial statements of technotrans SE as well as the Combined Management Report for technotrans SE and the Group for the 2025 financial year have been prepared in accordance with the requirements of German law. The Consolidated Financial Statements have been prepared according to the International Financial Reporting Standards (IFRS) as adopted in the European Union (EU). In accordance with the audit mandate of the Supervisory Board, the auditors PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Osnabrück, appointed by the Annual General Meeting for the annual financial statements and Consolidated Financial Statements, audited the annual financial statements of technotrans SE for the 2025 financial year, the 2025 Consolidated Financial Statements and the Combined Management Report for 2025 of technotrans SE and the Group and in each case granted an unqualified audit certificate. The auditor established that the risk early-warning system complies with the legal requirements and is suitable for identifying risks to the company as a going concern. As planned, no reviews of interim financial reports were carried out. The audit reports and accounting records for the 2025 financial year as well as the Board of Manage- Board members in good time. These were discussed in detail both by the Audit Committee at its meeting on March 9, 2026 and by the Supervisory Board at its meeting on March 23, 2026. The Audit Committee in particular addressed the key audit matters described in the respective audit certificate. The examination by the Supervisory Board also comprised the non-financial disclosures for technotrans SE and the Group incorporated into the Combined Management Report. At the meetings, the representatives of the auditor of the accounts reported on the key findings of the examinations and were available for questions. The Chair of the Audit Committee, too, reported to the Supervisory Board on March 23, 2026 on the examinations of the Audit Committee. Following examination of the annual financial statements, the Consolidated Financial Statements and the Combined Management Report, the Supervisory Board raised no objections to the findings of the audit and on March 23, 2026, following its own review and consultations, approved the 2025 annual financial statements and Consolidated Financial Statements prepared by the Board of Management. The review of the Combined Non-Financial Statement by the Supervisory Board equally gave rise to no objections. The annual financial statements for the 2025 financial year are thus adopted pursuant to Section 172 first sentence AktG. Based on its own examination the Supervisory Board supports the proposal of the Board of Management on the appropriation of profit. At its meeting on March 23, 2026, taking into account the recommendation and preference of the Audit Committee on the election of the auditor, the Supervisory Board adopted the resolution proposal to the Annual General Meeting. This decision was based on the declaration of the Audit Committee that its recommendation was free from any improper influence by third parties and that no clauses restricting choice within the meaning of Art. 16 (6) of the EU Audit Regulation were imposed on it. Thanks and outlook The Supervisory Board would like to thank the Board of Management and all employees worldwide for their extraordinary commitment and successful work in a financial year that presented particular challenges for the entire organisation due to the switch to the new market-led divisions and shared services structure. ment to build a new facility at Sassenberg represents a bold statement about its ambitions for sustained growth and long-term success. The Supervisory Board also takes this opportunity to thank the shareholders for their continuing confidence. Thank you sincerely for your support. The Supervisory Board approved this report on March 23, 2026 pursuant to Section 171 (2) AktG. On behalf of the Supervisory Board Peter Baumgartner Chair Board of Management Michael Finger Board of Management Chair | CEO − Engineering Graduate − Member of the Board of Management since May 2020 − Spokesman since August 2020 − Chair since December 2025 − Responsibilities: Segments Technology & Services, Divisions, Country Organisations, HR, QM, ESG, IR and Group Communications Natascha Sander Member of the Board of Management | CFO − Executive MBA, graduate in business administration − Interim Member of the Board of Management since November 2024 − Member of the Board of Management since February 2025 − Responsibilities: Finance & Controlling, Treasury, Procurement, Logistics, IT, Legal & Compliance and gds Supervisory Board Peter Baumgartner Supervisory Board Chair − Engineering Graduate − Independent management consultant Dr-Ing Gottfried H. Dutiné Deputy Chair of the Supervisory Board − Independent management consultant Andre Peckruhn Employee Representative − Operational purchaser at technotrans SE, Sassenberg, Germany Florian Herger Audit Committee Chair (until May 16, 2025) − Graduate in business administration − Member of the Supervisory Board of Nexus AG, Donaueschingen, Germany − Member of the Supervisory Board of Medios AG, Berlin − Since March 1, 2026 Advisor for Luxempart S.A., Luxembourg Thorbjørn Ringkamp Employee Representative − Senior Sales Manager Global at gds GmbH, Sassenberg, Germany Karin Sonnenmoser Audit Committee Chair (since May 16, 2025) − Graduate in business administration, MBA − Independent management consultant − Member of the Supervisory Board and Audit Committee Chair of Renk Group AG, Augsburg, Germany − Member of the Supervisory Board of u-blox AG, Thalwil, Switzerland (until November 2025) − Member of the Supervisory Board and Audit Committee Chair of Innio Jenbach GmbH & Co OG, Jenbach, Austria − Member of the Board of Directors of testo SE, Titisee-Neustadt, Germany Heinz Harling, Honorary Chair Success Story technotrons becomes original equipment supplier to leading printing press manufacturers worldwide Foundation of the company and start of the success story Initial public oPering Acquisition termotek AG, Baden-Baden (now technotrons systems GmbH) technology Entry into the markets of laser, e-mobility, medical and machine tool Acquisition ofklh Koltetechnik GmbH, Bad Doberon (now technotrons SQ Expansion of competence to a fullrange supplier in the laser sector Expansion of competence in the field ofe-mobility to include stationary solutions for batteries and converters in trains technotrons becomes system supplier to leading rail vehicle manufacturers Establishing the technotrans umbrella brand Commissioning of the enery- efficient new building in Holzwickede New strategy Future Ready 2025: technotrans sets course of the future 50th anniversary of the company Phase I of the Future Ready 2025 strategy successfully completed gds outsourced off as a spin-off with competence for technical documentation Foundation of a worldwide sales and service network including production sites in the USA rind Chino Market entry in the USA through the acquisition of Ryco Graphics Manufacturing Inc., Chicago, USA Acquisition of gwk Gesellschaft Worme Kaltetechnik mbH, Meinerzhagen (now technotrans solutions GmbH) Entry into the market plastics processing industry technotrons AG becomes technotrans SE GmbH) Aquisition of Reisner Cooling Solutions GmbH, Holzwickede (now technotrons solutions Commissioning of the enery-ePicient new building in Baden-Baden New production site in Steinhogen goes into operation 25th anniversary on the stock exchange Entry into the market for liquid cooling of data centers Efficiency programme ttsprint for corporate optimisation launched Organisational structure with 4 divisions and shored service centres implemented Successful completion of the Future Ready 2025 strategy Acquisition of a neighbouring property in Sassenberg for further growth CMD and presentation of the Ready for Growth 2030 strategy ‌technotrans on the capital market shares German share indices enjoyed an overall very positive development in the 2025 stock market year. The DAX put on around 23 % over the year and reached new record levels on multiple occasions. On May 20, 2025 it passed the 24,000 point mark for the first time ever, closing the stock market year on an all-time high of 24,490 points. The SDAX proved even more dynamic and gained over 25 %. The DAXsector Technology went up by 20 % during the year. The positive market performance reflected especially the marked recovery in the small cap segment. technotrans shares easily outperformed the relevant benchmark indices, with their performance accelerating after publication of the first-half figures in particular. The trading price rose significantly over the year from 18.60 to 34.30 (Xetra closing price), representing a rise of 84 %. Thanks to the positive price performance, market capitalisation increased by 108 million to 237 million. The enhanced appeal of technotrans shares was also reflected in the number of shareholders, which grew by around 32 % in the period under review. Performance of technotrans shares in 2025 financial year (Xetra) Xetra trading accounted for around 54 % of trades on German stock exchanges. The average daily trading volume on Xetra climbed by over 50 % to 8,764 shares (previous year: 5,369 shares). Investor Relations work The Board of Management and Investor Relations team were available to investors and analysts for an intensive dialogue across a wide range of formats in the year under review. These included conferences, roadshows, site visits, bilateral talks and the Annual General Meeting. Communications work was complemented by regular analyst webcasts and interviews with Börsenradio. technotrans participated in the Hamburg Investors Day (HIT) by Montega, the Berenberg & Goldman Sachs German Corporate Conference in Munich, the German Equity Forum in Frankfurt, the virtual mwb Technology Conference and the virtual CIC Forum. It also held a virtual roadshow with LBBW and a roadshow in Paris with Hauck & Aufhäuser. The K industry exhibition provided an opportunity for talks with investors. One particular highlight was the Capital Markets Day on October 8, 2025, when the Board of Management unveiled the Ready for Growth strategy to an enthusiastic response. Performance indicators for technotrans shares 2025 2024 2023 2022 Trading price (Xetra closing price) High 35.70 22.30 29.20 29.50 Low 14.80 14.00 15.90 21.55 End of financial year 34.30 18.60 21.80 25.45 Number of shares 1 6,907,665 6,907,665 6,907,665 6,907,665 Market capitalisation 1 236,933 128,483 150,587 175,800 Net profit per share 1.66 1.06 1.24 1.29 (basic, IFRS) 1 End of the financial year Analyst assessments as of December 31, 2025 Institution Recommendation Price target buy Montega LBBW buy buy Warburg Research Ad hoc announcement dated February 12, 2025 On February 12, 2025 the Board of Management of technotrans SE published preliminary figures for the 2024 financial year in the form of an ad hoc announcement. These showed consolidated revenue of 238.1 million and a consolidated EBIT margin of 5.2 % that were slightly below the ranges forecast, which envisaged consolidated revenue of between 245 and 270 million along with an EBIT margin of between 5.5 % and 7.5 %. The complete ad hoc announcement is also available on the website of technotrans SE. Annual General Meeting The Annual General Meeting of technotrans SE took place on May 16, 2025. Including the postal votes received, 55.5 % of the registered share capital was represented. The shareholder resolutions covered such matters as the distribution of a dividend of 0.53 per dividend-bearing share. This represents a total distribution of 3,661,062.45. The shareholders eligible to vote also elected Karin Sonnenmoser as the new shareholder representative with a term of office of four years, and resolved on the remuneration systems for the Board of Management and Supervisory Board. Investor Relations information Extensive information on technotrans shares and the economic development of the technotrans Group is available on the technotrans website. There is the convenient option of receiving information via the IR Newsletter. Interested parties can subscribe at any time on the website under the IR Service menu item. Composition of shareholders The shareholder structure is dominated by European institutional investors with long-term investment intentions. Shareholders with notifiable voting rights of more than 3 % hold a total of 35.4 % (previous year: 40.2 %) of shares. Deutsche Börse calculated a free float market capitalisation of 79.88 % as of December 31, 2025. Shareholder structure as of December 31, 2025 Board of Management and Supervisory Board propose dividend of 0.83 The Board of Management and Supervisory Board propose to the Annual General Meeting on May 29, 2026 that a dividend of 0.83 per share be distributed for the financial year of 2025. The dividend yield based on the Xetra closing price of 34.30 on December 30, 2025 is 2.4 %. The payout ratio of 50 % is in line with the long-established dividend policy, according to which shareholders receive an appropriate share of profit through the distribution of up to 50 % of consolidated net profit. Financial Year 2025 2024 2023 2022 2021 Dividend per share 0.83 0.53 0.62 0.64 0.51 Payout Ratio in % 50 50 50 50 50 Amount Distributed 1 5,733 3,661 4,283 4,421 3,523 Dividend yield 2 in % 2.4 2.7 3.0 2.4 2.0 2025 financial year: proposal to Annual General Meeting 1 Based on the number of dividend-bearing shares for the past financial year on the day of the Annual General Meeting 2 Dividend payment / Xetra closing price of technotrans shares on day of Annual General Meeting For 2025 financial year: dividend proposal / Xetra closing price of technotrans shares as of December 30, 2025 Combined Management Report Basic profile of the Group Group structure Page 30 Business model Page 32 Goals and strategies Page 38 Control system Page 44 Economic Report Development of the economic environment Page 46 Business performance Page 47 Results of operations, net assets and financial position Page 49 Economic development of technotrans SE Page 53 Overall statement by the Board of Management on the 2025 financial year Page 57 Remuneration Report Page 58 Supplementary disclosures pursuant to Sections 289a, 315a HGB Page 59 Combined Non-Financial Statement Page 61 Corporate Governance Declaration Page 85 Opportunities and Risks Report Risk Management and Internal Control System Page 101 Opportunities and risks profile Page 105 Overall statement of the Board of Management on the opportunity and risk situation Page 111 Report on Expected Developments Future parameters Page 112 Expected development of the markets of relevance for technotrans Page 113 Prospective development of the technotrans Group in the 2026 financial year Page 115 Prospective development of technotrans SE in the Page 117 2026 financial year Overall statement by the Board of Management on the future business performance Page 118 ‌Group structure Organisational and legal corporate structure technotrans SE is a technology and services G cuses on application-specific solutions in the area of thermal management. This comprises energy optimisation along with precision control of the temperatures encountered in liquid and gaseous media in sophisticated technological applications. technotrans is a one-stop shop for its customers with a wide range of services available worldwide. They include individual concept design, engineering, production, technical documentation and an extensive portfolio of services that are on call 24/7. The technotrans portfolio comprises primarily energy-efficient, intelligent thermal management systems of various sizes, covering a very broad range of applications and performances. To complement these, technotrans develops and manufactures systems for pumping and spraying as well as filtering and separating liquids. The Group parent is technotrans SE, with its registered office in Sassenberg, North Rhine-Westphalia. The Consolidated Financial Statements cover 15 companies. An overview of shareholdings is provided ction. technotrans SE has a dual control corporate governance setup. This comprises the Board of Management and Supervisory Board. The Board of Management of at least two members is responsible for the operational management of the company. The Supervisory Board appoints, advises and oversees the Board of Management. It comprises six members. Of these six, four are representatives of the shareholders and two are employee representatives. technotrans SE has been a listed company since 1998 and meets the transparency requirements of the Prime Standard, the segment of the Frankfurt Stock Exchange that is regulated by law. The global network of the technotrans Group The technotrans Group has 8 production plants and 9 sales and service locations in Germany and internationally. The production plants specialise in the development and manufacture of customer-specific one-off and series production units. The sales and service companies are responsible for direct sales, installation and service of the systems in their designated regions. Production sites Sales and Services sites A.1 (DE) | Sassenberg HQ 1 (GB) | Colchester A.2 | Steinhagen 2 (FR) | Saint Maximin A.3 | Meinerzhagen 3 (DE) | Berlin A.4 | Holzwickede 4 (IT) | Legnano A.5 | Bad Doberan 5 (BR) | Indaiatuba A.6 | Baden-Baden 6 (JP) | Kobe B (US) | Chicago 7 (IN) | Chennai C (CN) | Taicang 8 (SG) | Singapore 9 (AU) | Melbourne ‌Business model Core skill of thermal management A wide range of industrial processes generate heat, which requires precision control. The current megatrends of artificial intelligence, electrification, digitalisation, decarbonisation and medical progress are bringing rising technical requirements into the equation. Based on its core skill of thermal management, technotrans can offer its customers the necessary expertise. As a partner for technologically sophisticated, sustainable cooling and temperature control systems, technotrans designs and builds custom solutions that are an integral aspect of customer systems. They meet high standards of control accuracy, failsafe performance and quality. Thanks to their high energy efficiency, technotrans systems also help to reduce the carbon footprint. The technology enterprise also brings its customers additional value through its global sales and service network and its financial stability. Specialised sales teams with comprehensive technical and industry-specific expertise help determine technotrans strives to continuously improve its portfolio of products and services and progressively identify new applications and sales markets. The company also benefits from a well-diversified customer structure: over many years, a large number of renowned industrial enterprises have come to trust technotrans solutions. Segments The management of business activities and the corresponding reporting are broken down into the Technology and Services segments at the technotrans Group. These segments are the principal management and reporting entities, which are assessed on the basis of segment sales and segment EBIT. The Technology segment covers development and production activities. The bulk of the systems manufactured are cooling and temperature control systems covering a performance range of 0.1 kW to 5,000 kW. These systems extend over a temperature range from -80 °C to +430 °C and achieve control accuracy of 0.01 K to 1.0 K. technotrans also builds systems for pumping, spraying or conditioning liquids, often used in combination with its thermal management systems. The Technology segment brought in around 76 % of consolidated revenue in the 2025 financial year. The Services segment comprises a comprehensive portfolio of services through which technotrans provides its customers with all-round support for everything from installation and commissioning to modernisation and repair or maintenance tasks. The round-the-clock worldwide supply of parts is a key aspect of these services. This segment also includes the full-service offering of the Group company gds for Technical Documentation, including the compilation of technical documents in all major foreign languages and the accompanying content management and content delivery software. In the 2025 financial year, the Services segment brought in around 24 % of consolidated revenue. Markets and customers Under the Future Ready 2025 strategy, technotrans consistently aligned its sales and service activities with the five focus markets Plastics, Energy Management, Healthcare & Analytics, Print and Laser. In these markets, the company already holds or is actively working towards leading positions. Under the new Ready for Growth corporate strategy, the market organisation is being fine-tuned by synchronising the focus markets with the market-led organisation set up in the 2025 financial year. As part of this process, the Laser focus market will be dissolved. Going forward, components of Laser business will be reallocated among the four remaining focus markets based on the criteria of technology and application. The Other Markets area will be fully absorbed into the Energy Management The Print focus market is a reminder of technotrans As a leading manufacturer of thermal management, filtration, spraying and metering systems, the company supplies the necessary peripherals for all mainstream printing processes (offset, digital and flexo printing). technotrans maintains close partnerships with leading printing press manufacturers worldwide and in selected product groups achieves market shares well in excess of 50 %. The growth impetus from packaging and film printing is compensating for the decline in newspaper printing and will therefore keep the market trend steady overall. The Energy Management focus market brings together intelligent thermal management solutions for electric mobility and data centres that pave the way for a substantial reduction in carbon emissions from transport and IT. Battery thermal management systems (BTMS) for rail, road and special vehicles maintain consistently high performance and extend the operating life of the traction batteries. As a tier 1 systems supplier, technotrans is accredited with all major train manufacturers in Europe. technotrans also manufactures thermal management solutions for the rapid-charging infrastructure. technotrans additionally offers energy-efficient, liquid-based cooling technology for data centres. It can realise custom-built green IT concepts at rack and server level, both as part of the initial equipment and for retrofitting. Business for standard cooling systems for lasers and cooling for EUV lasers for semiconductor production will be incorporated into the Energy Management focus market with effect from the 2026 financial year. In the Plastics focus market technotrans supplies custom-built and energy-efficient cooling and temperature control solutions to machinery manufacturers, mould makers and plastics processors. These systems guarantee precision temperature control of machinery and tools for injection moulding, plastic and rubber extrusion processes. The portfolio also includes fully integrated, turnkey large-scale cooling systems for producing process refrigeration and equipment for water treatment and tool cleaning. The customer base is well diversified and is being steadily expanded. In the Healthcare & Analytics focus market , high-precision temperature control systems are a core part of the product range. They find use in such fields as dermatology and ophthalmology, laser-based surgical techniques, cancer treatment, computer tomography (CT), magnetic resonance therapy (MRT) and analytical applications. Because they are technologically related, cooling systems for high-speed baggage scanners at airports also come under this focus market. Target customers include manufacturers of medical appliances and diagnostic systems, pharmaceutical products, biological and chemical process systems and baggage scanners. The exacting technological standards and tough regulatory conditions pave the way for stable long-term business relationships. In the Laser focus market technotrans has spent many years building up a position as a solutions provider for technologically sophisticated, customer-specific requirements. As outlined above, it will cease to be treated as a separate focus market from the end of the 2025 financial year. In addition, technotrans offers a cross-industry portfolio of services for technical documentation via the Group company gds GmbH. Technical documentation involves compiling documentation in digital or analogue form, providing translations into all major languages, and developing and supplying content management and content delivery software solutions. Considered by region, Germany brings in 53.5 % of revenue, followed by Europe on 26.2 %, America on 10.5 % and Asia on 9.5 % Revenue shares by market (Technology & Services) in the 2025 financial year Research & development technotrans positions itself as a leading technology business in the field of thermal management and conducts intensive research and development activities. Under the Future Ready 2025 strategy, its priority in the 2025 financial year remained to increase the energy and resource efficiency of the solutions it offers. As a highly innovative technology partner, technotrans conducted some of its development work on behalf of customers. The expenditure incurred for these activities is shown in the in- come statement either -based projects, under - related amounted to 4.1 million (previous year: 2.6 million). For further explanatory notes, please refer to Section 22 of the Notes. Where the requirements are satisfied, development costs are treated as intangible assets pursuant to IAS 38 and recognised as such. Development costs recognised as an intangible asset for assets developed for own account came to 0.9 million in the 2025 financial year (previous year: 0.9 million). The amounts recognised contrasted with depreciation and amortisation of 0.9 million (previous year: 0.7 million). Further particulars can be found in Section 4 of the Notes. Procurement, production and quality management technotrans treats a reliable supply of input materials and commodities for production operations as a top priority. To achieve such a supply, the company consistently pursues a global sourcing approach in order to identify and use the best supply sources worldwide with regard to quality, cost and innovation. To complement it, technotrans applies a second source policy. Such a procurement strategy based on diversified geographical regions and suppliers increases competitiveness and reduces risks. Another key element is strategic supplier management, which focuses on long-term partnerships with high-performing, innovative suppliers. Regular appraisals, joint development projects and close cooperation ensure that suppliers not only meet current requirements, but also become proponents of future technological and sustainability standards. technotrans thus creates a resilient network that promotes both stability and growth as part of its Ready for Growth strategy. The complementary effect of Group-wide coordination also helps to realise purchasing synergies while preserving the necessary degree of flexibility for the individual production locations. A Group-wide quality management system accredited to DIN EN ISO 9001:2015 and using a multi-site management approach ensures that the systems manufactured consistently meet all functional and quality requirements. Uniform standards, stable processes and transparent governance mechanisms guarantee high reliability among suppliers as well as the ability to serve customers reliably even with short development times. Quality management underwent further development in the year under review. The focus was on standardising supplier initial sample inspection across the Group and on measures to improve product and process quality with the goal of using standardised processes and initial sampling to achieve early defect avoidance and reducing quality and supply chain risks still further. ‌Goals and strategies The technotrans ing supplier of thermal management solutions in attractive growth markets. The 2025 financial year marks the completion of the Future Ready 2025 strategy and the transition to the new Ready for Growth corporate strategy which, starting with financial year 2026, will provide the strategic framework for the coming five years. erational excellence and robust financial stability. By carefully aligning its positioning with global megatrends, most notably artificial intelligence, electrification, digitalisation, decarbonisation and medical progress, the Group creates attractive growth potential. The Energy Management focus market is set to benefit in particular measure from these structural drivers and achieve dispropor-tional growth. Review and assessment: Future Ready 2025 With its Future Ready 2025 strategy, technotrans successfully completed a far-reaching transformation process over the years 2021 to 2025. The strategy comprised two phases: _ Phase I (2021 2022): Stabilising business performance and significantly improving profitability _ Phase II (2023 2025): Accelerated, profitable growth by implementing a market-led organisation, efficiency improvements, internationalisation and innovation activities The major milestones were a consistent focus on the core skill of thermal management, reducing complexity within the Group, setting up a market-led divisions structure, and integrating Group companies under technotrans umbrella brand. The ttSprint efficiency programme in the 2024 financial year was an additional component of the strategy. In this case the organisational transformation was in essence expressed as four market-led divisions and shared service functions, with complementary measures to boost efficiency. Ready for Growth: strategy from 2026 financial year As the technotrans strategic advances already achieved. The aim is to raise the company to a new level of growth and profitability by 2030 and lastingly increase shareholder value. Key components of the Ready for Growth strategy Strong growth from megatrends technotrans considers the latest megatrends when positioning itself as a global technology and system partner for intelligent thermal management in dynamically growing markets. Thanks to its highly diverse range of skills, from high cooling performance and precision temperature control to complex system integration and comprehensive services, it can act as a one-stop shop for all customer requirements and open up a steady stream of new application areas. Extensive range in thermal management technotrans addresses all relevant thermal requirements whether high-performance liquid cooling for data centres, battery thermal management systems and precision cooling in medical, analytical and industrial contexts. Technological expertise, a profound understanding of customer requirements and its international network are the features that critically set it apart. technotrans unlocks new business areas based on this key technology. Divisions increase resilience For the new market-led organisation, four divisions were set up with the responsibility of managing sales in their respective focus markets. In addition, corporate shared service functions support the organisation by creating synergies and with targeted leveraging of efficiency potential. In tandem Healthcare & Analytics, this creates the basis for a resilient, diversified business model. Differing market cycles and growth drivers produce stability and mean resources can be allocated very precisely. Focus on profitability and core business A major focus of the Ready for Growth strategy is on using economies of scale, optimising the portfolio and enhancing operational excellence. technotrans is pushing even further ahead with standardisation, modular construction systems as well as process digitalisation and optimisation. Financial strength and stability create a basis for sustained profitable growth and secure the Group strategic room for manoeuvre. Sustainability & ESG Sustainability continues to be integral to the strategy: the strategic ESG goals (ESG KPI) for financial year 2030 cover the aspects of energy generation, carbon reduction, supplier engagement, and rates of training and retention. The path to net zero for Scopes 1, 2 and 3 was also elaborated on further and populated with new targets for up to 2050. technotrans remains a partner in the VDMA initiative Blue Competence as well as a member of the UN Global Compact.

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