The board of directors of Tecma Solutions s.p.a. approves the consolidated financial statements and the draft financial statements for the year ended 31 december 2025

PRESS RELEASE

• Value of production: €14.76 million (2024: €16.41 million), mainly decreasing due to authorization constraints in the construction sector in the municipalities of Milan and Rome, as well as the unfavorable euro-dollar exchange rate trend.
• Software as a Service-based revenues: €3.7 million (2024: €2.4 million), up

  +53% thanks to the wider adoption of the technology platform.
• International revenues: €5.5 million (2024: €5.1 million), up 9%, confirming the

  effectiveness of the geographic diversification strategy.

• EBITDA: €1.07 million (2024: €2.07 million) with an EBITDA margin of 7.2% (2024: 12.6%). The decline is also attributable to the reduction in the capitalization of research and development investments.
• Net result: -€1.06 million (2024: -€1.99 million), significantly improved. The result is mainly influenced by amortization related to research and development investments made in previous years.
• Net financial position: €1.91 million (2024: €2.08 million), decreasing thanks to

  the generation of positive cash flows before the repayment of financial debt.

• Operating cash flow: positive at €1.29 million (2024: positive at €2.40 million).

Milan, 16 March 2026 - The Board of Directors of TECMA Solutions S.p.A. (hereinafter, "TECMA" or the "Company"), a Tech Company specialized in Digital Transformation for the Real Estate sector and listed on Euronext Growth Milan [EGM: TCM], today approved the draft financial statements and the consolidated financial statements as of 31 December 2025, prepared in accordance with national accounting standards.

International performance continued to contribute significantly to revenue diversification and to strengthening the Company's competitive positioning. The evolution of our proprietary platform and the progressive expansion of SaaS solutions further increased and consolidated the number of licenses, enhancing the recurring revenue component and the visibility of future cash flows.

During the year we continued executing our strategic plan with discipline: focusing on markets with the highest potential, continuous technological development, strengthening commercial partnerships, and maintaining control over the cost structure. This path makes the Company increasingly scalable, less dependent on the cyclicality of the real estate sector, and increasingly oriented toward platform-driven dynamics.

In a macroeconomic environment that remains selective, we believe that the progressive increase in recurring revenues, the growth of the customer base, and the Group's solid financial structure represent robust foundations to support the Group's future development and long-term value creation through a sustainable growth strategy."

The Italian residential new-build market continues to record lower investment volumes compared to previous years, with a marked contraction in 2025. This trend is mainly attributable to the complex administrative and judicial environment that initially affected the Milan market and later extended to other cities, generating negative nationwide effects and influencing the slowdown in the Group's domestic growth, with part of the contracted backlog and pipeline postponed to future financial periods.

This decline was partially offset by the expansion of the client base, growth in international markets, and wider adoption of technologies. However, approximately 40% of the Group's revenues are generated in US dollars. Consequently, the appreciation of the euro against the dollar reduced consolidated revenues expressed in euros and negatively impacted margins.

• Value of production equal to €14.76 million (€16.40 million as of 31 December 2024):

  • Value of production from Core Business equal €14.70 million, down 9.5% compared with

    €16.24 million as of 31 December 2024;

  • Consolidated revenues from Operations (Core Business excluding R&D activities) equal to €14 million, down 6.6% compared with 31 December 2024 (€14.98 million). The contraction is mainly attributable to the domestic market decline (-23%), partially offset by growth in international markets (+9%) and a strong increase in other revenues, largely driven by digital campaigns (+61%);

• Gross margin from Operations (Core Business excluding R&D activities) €8.15 million, down 12.9% compared with €9.36 million as of 31 December 2024;

- Gross Margin from Operations represents 58.2% of revenues, broadly in line with the 62.5% recorded in 2024, confirming the ongoing production efficiency achieved through the strategic growth and efficiency plan launched in 2023;

• EBITDA1equal €1.07 million, decreasing compared to €2.07 million recorded in 2024, mainly due to the reduction in the capitalization of research and development investments (-45%). Excluding capitalizations, EBITDA remains positive, standing at €0.4 million. Core Business EBITDA amounted to €1 million, compared to €1.91 million in 2024. Profitability remains substantially in line with 2024 levels and significantly higher compared to previous years, mainly due to the following factors:

  - Implementation of initiatives aimed at increasing scalability and production efficiency: revision of the organizational structure, process optimization, launch of a targeted outsourcing strategy, adoption of new data computing tools and experimentation with

  1. ‌EBITDA: calculated as the difference between the value of production and the costs of production, net of depreciation, amortization, provisions, write-downs and non-recurring accounting items.

     applications based on artificial intelligence, as well as the development and creation of proprietary technologies;

     • Effectiveness of the internationalization activities launched after the IPO, following investments related to the consolidation phase of the commercial structures, also through the hiring of new human resources dedicated to the development of foreign markets;

     • Activation of industrial and commercial agreements: formalization of new strategic partnership agreements with leading operators active in the digital technologies and national and international real estate sectors, aimed at developing distribution channels.

• EBIT -€1.09 million (-€1.97 million as of 31 December 2024), negative mainly due to

  amortization related to past investments in the technological platform;

• Net result of -€1.06 million, improving compared with -€1.99 million in 2024;
• Net Financial Position equal to €1.91 million, decreasing by approximately €0.17 million compared with €2.08 million as of 31 December 2024, thanks to positive cash flow generation before debt repayment;
• Total cash and cash equivalents equal to €3.58 million (€4.32 million as of December 31, 2024), consisting of: i) positive current account balances of €2.04 million (€2.81 million as of December 31, 2024), and ii) €1.54 million in readily liquid financial investments (€1.51 million as of December 31, 2024). Overall, the balance decreased compared to December 31, 2024, reflecting positive operating cash flows of €1.29 million, investments of €0.95 million, repayments of bank credit facilities totaling €0.92 million, and a negative net financial management balance of €0.17 million.

We report below some significant events that affected TECMA during the financial year 2025:

On January 13, 2025, the Company announced that the Porta Vittoria project, a 139,000 sqm mixed-use district in Milan, reached 70% of units sold within the first six months, supported by the strategic intervention of Abitare Co. and TECMA, which contributed to the relaunch and completion of the project after more than ten years of inactivity.

On January 27, 2025, the Company announced that UniCredit RE Services selected TECMA as technology partner for the new construction sector, with the aim of strengthening its digital offering and advisory services for the development and commercialization of new real estate projects through advanced technology platforms.

On February 20, 2025, CMC Group and Fort Partners, leading developers in Florida, selected TECMA as Digital Partner for the Four Seasons Private Residences Coconut Grove project, the first standalone residential offering of the Four Seasons brand in Florida. TECMA will provide innovative digital solutions and a dedicated immersive web platform to support the marketing and commercialization of the development.

On March 13, 2025, the Palazzo Contemporaneo project in Turin reached 75% of units sold, becoming the first project in Italy to integrate a digital mortgage platform, developed by TECMA and CREA.RE GROUP through CREA.RE DIGITAL, designed to simplify access to financing for the purchase of newly built properties.

On April 7, 2025, TECMA launched the first big data analysis conducted jointly with Immobiliare.it on the Italian residential new-build market, with a focus on Rome. The analysis highlighted key market trends, while TECMA reported the management of over 4,500 residential units in Rome in 2024, with additional projects expected in 2025.

On April 17, 2025, the Fo.Ro Living residential project in Rome exceeded 80% of units sold off-plan, supported by TECMA's technological platforms and innovative marketing approach. Designed by Mario Cucinella and developed by Impreme S.p.A., the project represents an example of urban regeneration and sustainable residential development.

On June 19, 2025, Carlo Maresca Real Estate announced the launch of MATERIA, a new residential development brand focused on architectural quality, sustainability, wellbeing and technological innovation. TECMA was selected as digital partner for the development of the technological platform and brand strategy supporting the Group's growth.

On July 1, 2025, TECMA announced a collaboration with Hines as digital partner for the Casa Villoresi and Spazio Trivulzio projects, the first Build-to-Rent developments by Hines Italy, implementing an integrated digital platform supporting the management and leasing of approximately 200 residential units.