The Board of Directors approves the consolidated financial statements and the draft financial statement of the parent company at December 31, 2025

• Record passenger traffic for the Tuscan Airport System with 9.8 million passengers (+8.4% on 2024), higher than the Italian airport system average (+5.0%). All-time highs achieved by both Pisa airport (6.0 million passengers; +7.8%) and Florence airport (3.8 million; +9.4%).
• Operating revenues of €115.9 million (+6.4%). Positive performance for both Aviation Revenues (+7.4%) and Non-Aviation Revenues (+9.7%).
• EBITDA of €45.9 million, substantially stable (-0.6%) compared to €46.2 million in 2024. The result incorporates the growth in construction activities, which is functional to the direct oversight of the Investment Plan and the mitigation of the related execution risks.
• EBIT up +6.4% to €32.7 million compared to €30.7 million in 2024.
• Pre-tax profit of €24.5 million (-2.8% compared to €25.3 million in 2024). Up +0.6% net of non-recurring income in 2024 (favourable ruling on legal dispute).
• Group net profit of €16.1 million compared to €17.1 million in 2024 (-5.8%). Excluding non-recurring income recorded in 2024 and the related tax effect, the decline is reduced to -2.4%.
• Investments amounted to €30.1 million, up sharply (+69.0%) compared to €17.8 million in 2024, due to the expansion of the Pisa airport terminal and the progress of the Florence Masterplan.
• Net financial debt remained substantially stable at €73.3 million (€72.0 million in 2024), despite the sharp increase in investments and the distribution of dividends. The debt/equity ratio improved, falling from 0.63 to 0.59 at December 31, 2025.
• First two months of 2026: the threshold of one million passengers was exceeded for the first time, with growth of +5.7% over the same period in 2025, confirming the growth trend.
• Ordinary Shareholders' Meeting called on April 29, 2026 in a single call.
• Proposed dividend of €0.376 per share, for a maximum total amount of €7,000,000.00. The dividend is expected to be paid on July 22, 2026, with coupon no. 18 detaching on July 20, 2026 and the registration date on July 21, 2026.

Florence, March 10, 2026 - The Board of Directors of Toscana Aeroporti S.p.A. ("Toscana Aeroporti", the "Company"), - an Italian company listed on Euronext Milan of Borsa Italiana S.p.A. which manages Florence and Pisa airports - met today to examine and approve the Consolidated Financial Statements and the Draft Financial Statements of the Parent Company at December 31, 2025.

This is a challenging phase, requiring vision and financial discipline: we are aware that the full effects of these investments will be felt gradually, but it is precisely this choice that will create value in the medium to long term for our shareholders and for the region. All this is being achieved while maintaining a balanced capital structure and ensuring an adequate return on capital. The figures for the first two months of 2026, with passenger numbers exceeding one million for the first time, confirm that demand for air connectivity in Tuscany continues to grow."

2025 Passenger traffic results

The Tuscan Airport System The Tuscan Airport System closed 2025 with a new record high, reaching 9,824,885 passengers and growth of +8.4% on 2024. This performance was significantly higher than the

+5.0% recorded by the national airport system. The result was supported by an increase in commercial passenger flights (+8.4%), while the load factor of scheduled flights remained essentially stable (-0.1 percentage points, equal to 85.2%). Cargo traffic stood at 12,555 tonnes of goods and mail transported, down 3.7% on the previous year.

Consolidated operating results

+12.0%), parking (+€734 thousand; +7.9%), retail (+€549 thousand; +8.4%) and food (+€532 thousand;

+8.6%).

€8.5 million (€7.7 million in 2024; +11.4%).

Income taxes for the year amounted to €8.2 million, with a tax rate of 33.5% compared to 32.6% in 2024. The increase is mainly attributable to the higher incidence of financial expenses not deductible for IRAP purposes.

The Group's net profit for the year stood at €16.1 million, down 5.8% compared to €17.1 million in 2024. Net of non-recurring income in 2024 and the related tax effect, the decline was reduced to -2.4%.

Investments and financial results

The Group's total investments in 2025 amount to €30.1 million, a sharp increase compared to €17.8 million in 2024 (+69.0%). The main projects concern the expansion of the terminal and fire safety upgrades at Pisa airport and the design of the new terminal for Florence airport.

Consolidated net financial debt at December 31, 2025 amounted to €73.3 million, compared to €72.0

million in 2024, remaining substantially stable despite the sharp increase in investments and the

distribution of dividends. The slight increase is attributable to the drawdown of the existing loan used to support the ongoing investment plan. The debt/equity ratio improved to 0.59 from 0.63 at December 31, 2024.

In the first two months of 2026, the Tuscan Airport System exceeded the threshold of one million passengers passing through Florence and Pisa airports for the first time, with growth of +5.7% over the same period in 2025, confirming the growth trend.

For Florence A. Vespucci airport, Summer 2026 will see new flights announced by Vueling to Menorca, by Volotea to Berlin, Oviedo, Seville, Strasbourg and Valencia, by Aeroitalia to Cagliari and by Finnair to Helsinki, as well as increased flights by AirCorsica to Nice and Austrian Airlines to the Vienna hub.

For Pisa G. Galilei airport, the 2026 summer season will see new connections announced by Ryanair to Bratislava and Rabat, by easyJet to Glasgow, by Wizz Air to Iasi and Belgrade, by Transavia France to Paris Orly, by Volotea to Toulouse and by Aeroitalia to Cagliari and Comiso.

Outlook

In the first two months of 2026, the Tuscan airport system recorded total traffic of over 1 million passengers, up +5.7% compared to the same period in 2025. In line with IATA forecasts, the Tuscan airport system is also expected to see an increase in traffic in 2026 compared to 2025, with a consequent improvement in company margins. However, the international economic environment remains characterised by uncertainties related to ongoing geopolitical tensions, the tightening of US tariffs and growing concerns about the sustainability of public finances in some advanced economies. In addition, the repercussions of the recent conflict between the United States, Israel and Iran, which has fuelled new tensions in the Middle East and on major international energy corridors, could affect passenger mobility. In 2026, the Company will continue to focus on the completion of all activities related to the approval process for the Florence Master Plan and preparatory to its implementation, as well as the completion and full operation of the new Arrivals Terminal at Pisa airport.

The Board of Directors resolved to propose to the Ordinary Shareholders' Meeting to allocate the net profit for the year of €14,776,809 as follows:

€7,776,809 as a provision for extraordinary reserves and

€7,000,000 to be distributed as a dividend to shareholders.

The Board will propose to the Shareholders' Meeting the payment of a dividend of €0.376 for each of the 18,611,966 shares for a maximum total amount of €7,000,000.00. The proposal is to pay the dividend on July 22, 2026, with ex-dividend date No. 18 scheduled on July 20, 2026 and record date on July 21, 2026.

Further resolutions

During today's meeting, the Board of Directors also approved the Report on the policy regarding remuneration and fees paid prepared pursuant to Article 123-ter of Legislative Decree No. 58 of February 24, 1998 ("TUF") and the Report on Corporate Governance and Ownership Structure, prepared pursuant to Article 123-bis of TUF. The above-mentioned reports will be made available to the public within the terms provided for by laws and regulations.

The Company's Board of Directors also assessed and acknowledged, based on the information received from the directors as well as the declarations made by the same during the board meeting, that the independence requirements pursuant to Article 148, paragraph 3 of the Consolidated Law on Finance and those pursuant to the Corporate Governance Code are met by the directors Giorgio De Lorenzi, Patrizia Alma Pacini, Mirko Romoli Fenu, Sabina Nuti, Veronica Berti, Luigi Salvadori, Maria Serena Vavolo and Marcella Panucci. Furthermore, the Board assessed the existence of the independence requirements of the directors Saverio Panerai, Antonella Mansi and Andrea Barbuti pursuant to the Consolidated Law on Finance. The Board also received the self-assessment report drawn up by the Board of Statutory Auditors on the continued fulfilment of the professional and independence requirements of each of its members, in addition to the self-assessment on the functioning of the body itself, as provided for by the rules of conduct of the Board of Statutory Auditors of listed companies and in compliance with the Corporate Governance Code.

The Board of Directors has decided to convene the Ordinary Shareholders' Meeting of Toscana Aeroporti, in a single call, on April 29, 2026 at 11:00 a.m. at Florence airport to approve the Financial Statements as at December 31, 2025 and the allocation of the operating profit of €14, 776,809 to the extraordinary reserve for €7,776,809 and the distribution of dividends for €7,000,000, the appointment of the Board of Statutory Auditors for the three-year period 2026-2028 and the determination of the related remuneration, in addition to the resolution on the report on the remuneration policy and the remuneration paid. The notice of call of the Shareholders' Meeting, the explanatory reports prepared by the Board of Directors containing the proposed resolutions on the items on the agenda and the documents to be submitted to the Shareholders' Meeting will be made available to the public at the registered office, on the authorised storage mechanism 1INFO and will also be available for consultation in the 'Governance' section of the Company's website at https://www.toscana-aeroporti.com in accordance with applicable laws and regulations.

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The consolidated financial statements at December 31, 2025 are attached hereto, which are currently being audited by the Independent Auditors entrusted with the auditing of the Toscana Aeroporti Group.

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The Director responsible for financial reporting, Marco Gialletti, declares, pursuant to Article 154-bis, paragraph 2, of the Consolidated Law on Finance (TUF), that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.

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The Consolidated Financial Report at December 31, 2025 will be made available to the public on the registered office of the company, in the 1INFO authorized storage system (https://www.1info.it) and on the company's website (ww.toscana-aeroporti.com, "Investors" section).

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This press release uses certain "alternative performance indicators" not provided for by IFRS-EU accounting standards, the meaning and content of which, in line with Consob communication DEM/6064293 of 28 July 2006 and subsequent amendments and additions (Consob Communication no. 0092543 of 3 December 2015 implementing ESMA/ 2015/1415), are explained below: Gross Operating Margin: defined as the difference between the sum of revenues and other income and the sum of costs (consumables, personnel costs, service costs, airport fees, other operating expenses). This represents the margin achieved before depreciation/amortisation, provisions for risks and reversals, and write-downs of trade receivables and other receivables.

Operating profit: defined as the difference between gross operating margin and the value of depreciation/amortisation and provisions for risks and charges and the provision for bad debts. This represents the margin achieved before financial management and taxes.

Net financial debt: this represents the algebraic sum of cash and cash equivalents, current financial receivables and current and non-current financial payables.

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