The BoD approved the draft financial statements, the consolidated financial statements and the Sustainability Report as of 31 December 2024

PRESS RELEASE

UNIDATA'S BOARD OF DIRECTORS APPROVED

THE DRAFT FINANCIAL STATEMENTS, THE CONSOLIDATED FINANCIAL STATEMENTS AND THE

SUSTAINABILITY REPORT AS OF 31 DECEMBER 2024

ALL THE MAIN ECONOMIC AND FINANCIAL ITEMS CONTINUE TO GROW, CONFIRMING

UNIDATA'S SOLID BUSINESS MODEL

MARGINALITY INCREASED YOY BECAUSE OF THE INVERSION OF THE REVENUES MIX,

MORE FOCUSED ON SERVICES WITH HIGH ADDED VALUE

NET FINANCIAL DEBT IMPROVED YOY THANKS TO GOOD OPERATING

CASH GENERATION

CHANGE TO THE 2025 FINANCIAL CALENDAR

PROPOSED DIVIDEND: € 0.01 PER SHARE FOR A TOTAL OF € 302,584

Unidata Group's consolidated key figures

• Total revenues: € 101.3 million (€ 93.3 million in 2023)1 +9% YoY
• Adjusted EBITDA: € 27.4 million (€ 24.4 million in 2023) +12% YoY
• Adjusted EBITDA Margin: 27.1% (26.1% in 2023) +100 bps
• EBIT: € 15.9 million (€ 12.3 million in 2023) +29% YoY
• EBIT Margin: 15.7% (13.2% in 2023) +250 bps
• Net Profit: € 8.6 million (€ 6.7 million in 2023) +28% YoY
• Investments: € 14.5 million
• Net Financial Debt: € 43.8 million (€ 47.9 million as of 31 December 2023)
• Number of customers: +19% compared to 31 December 2023
• Km of optical fiber: +800 km compared to 31 December 2023, reaching about 7,600 km

1 The values in brackets refer to the reported economic data as of 31 December 2023, i.e. including in the consolidation the TWT Group for the for the 10 months of Unidata's competence.

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Margin of 27.1% (26.1% in 2023). This improvement is essentially linked to the increase in Revenues with high added value, the reduction in the Cost of Goods Sold linked to Infrastructure Revenues and the execution of important highly profitable projects that entered the Group's scope in the first quarter of 2024.

Operating Result (EBIT), equal to € 15.9 million, recorded an increase of 29% compared to 2023 (€ 12.3 million) with an EBIT Margin of 15.7% (13.2% in 2023).

Financial expenses amounted to € 3.1 million, in line with € 3.0 million in 2023.

The Net profit is equal to € 8.6 million, up approximately 28% compared to the result recorded in 2023 (€ 6.7 million).

During 2024, Investments were made for approximately € 14.5 million, largely financed by working capital and divided into € 3.3 million in intangible assets, € 8.7 million in tangible assets, mainly connected to the infrastructure area, and approximately € 2.5 million in financial assets (shareholdings in Cliofiber S.r.l., Unifiber S.p.A. and Unitirreno Holding S.p.A.).

Net Financial Debt for ESMA purposes is equal to € 43.8 million, down from € 47.9 million as of 31 December 2023, thanks to the good operating cash generation.

Net Financial Debt for the purposes of calculating the existing financial covenants, determined also considering the restricted deposit of € 2.4 million, is equal to € 41.4 million compared to € 46.7 million as of 31 December 2023. The deposit was released and returned to the full availability of the Company in the first days of January 2025.

Net Equity as of 31 December 2024 is equal to € 73.0 million compared to € 64.6 million as of 31 December 2023.

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UNIDATA S.p.A.

PRESS RELEASE

REVENUES BY BUSINESS AREAS

Service

The Service revenues line, which recorded an increase of 24%, includes:

• revenues relating to the main business lines (Fiber & Networking, Datacenter & Cloud and IoT & Smart Solutions) divided by type of customer (Consumer, Business, Wholesale and PA);
• revenues relating to direct and indirect sales through resellers of the Group's services and to network and voice trading services.

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Infrastructure

The Infrastructure revenues line, which recorded a decrease of 20%, includes:

• revenues relating to the activity of granting I.R.U. (Indefeasible Right of Use) concession rights to other operators on the fiber optic network infrastructure created by Unidata. This granting of rights was accounted for as a real transfer of the infrastructure, consistently with the provisions of the accounting standard IFRS 16;
• revenues for the construction of telecommunications infrastructures attributable to the works connected to the Unifiber project.

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CUSTOMERS

2024 confirms a growth in direct customers (+19%) compared to the previous financial year. The total direct customers as of 31 December 2024 are in fact equal to no. 27,593, compared to no. 23,125 as of 31 December 2023. The increase concerns all the main categories of customers; in particular, the Business customer market records an increase of 10%, while the Consumer customer sector records an increase of 22%. The number of whitelabel lines activated through the partner network records an increase of approximately 2% compared to 31 December 2023, reaching 34,170 active lines as of 31 December 2024 (of which 315 international).

Below is an explanatory table of the calculation of ARPU (Average Revenue Per User) broken down by main customer categories and compared with the data from the previous financial year.

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FIBER OPTIC INFRASTRUCTURE EXTENSION

During 2024, the fiber optic network was extended for approximately 800 km through the use of proprietary cables, reaching a total extension of approximately 7,600 km by 31 December 2024.

Unidata's optical fiber present in the buildings represent a coverage of approximately 480,000 residential and business Property Units, also in various industrial and office districts.

UNIDATA S.p.A.

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SIGNIFICANT EVENTS OCCURRED DURING 2024

On 15 January 2024, Unidata communicates that it has been awarded in Temporary Grouping of Companies and that it has signed the contract for the assignment by G.R.I.M. (Molisane Water Resources Management) of the contract for the "Interventions aimed at reducing losses in water distribution networks, including digitalisation and monitoring of the networks".

On 9 April 2024, Unidata communicates that it has been awarded in Temporary Grouping of Companies and that it has signed the contract for the assignment by Acquedotto Lucano S.p.A. of the supply contract for the implementation and management of an IoT smart water metering system for the Basilicata region.

On 9 May 2024, Unidata communicates that Unitirreno Submarine Network S.p.A., JV with the Infrastructure for ESG growth fund managed by Azimut Libera Impresa SGR S.p.A., has made significant progress towards the completion of the work, including obtaining environmental authorizations in strategic locations of the project, crucial for establishing the main connection points within the submarine cable network, ensuring seamless integration and operation.

On 24 July 2024, Unidata announces that Unitirreno Submarine Network S.p.A. signed an agreement with Sparkle, the first international services operator in Italy and among the first in the world, for the landing of its new submarine cable system in Sparkle's Genoa Landing Platform, a scalable infrastructure designed to guarantee submarine cables a key landing place in hand, resilient and safe on Europe's west coast.

On 2 August 2024, Unidata announces that it has launched the treasury share purchase program in execution and according to the terms, conditions and purposes set out in the resolution of the Ordinary Shareholders' Meeting held on 10 May 2024.

On 28 October 2024, Unidata announced that UniCredit will support the development plan of UNIFIBER - joint venture established by Unidata S.p.A. and CEBF - for the construction of the end-to-end FTTH (Fiber to the Home) fiber optic network in Lazio, thanks to a €10 million ESG-linked loan, lasting 10 years, divided into two loans of which one of €7.15 million guaranteed by SACE through "Garanzia Futuro".

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On 13 November 2024, Unidata announced that Open Fiber and UNIFIBER have entered into a collaboration agreement that will allow Open Fiber to reuse existing UNIFIBER-owned network infrastructures in Lazio to extend the FTTH network as part of the "Italia a 1 Giga" Plan, a public intervention plan of the Italian Strategy for Ultra-Broadband financed by NRRP funds. The partnership is aimed at accelerating the arrival of the ultra-fast network in the Region's territories, promoting timely interventions to reduce the digital divide and improve access to increasingly essential services guaranteed by the connection.

On 18 November 2024, Unidata announced that it has signed an agreement with Connecting Europe Broadband Fund (CEBF) for the acquisition of a minority stake in ClioFiber, a wholesale operator that deals with the construction of the FTTH network in the grey areas of Puglia Region. Unidata purchased 11.05% of the share capital of ClioFiber from a local operator, for a consideration of € 625 thousand. ClioFiber will therefore be owned by Unidata for 11.05% and by CEBF for the remaining 88.95%. In the execution of the project, Unidata will support ClioFiber as an industrial partner in the construction of the FTTH network and in the development of the business.

On 19 December 2024, Unidata announced that Unitirreno has signed a collaboration agreement with Fastweb for the submarine digital infrastructure of approximately 890 kilometers that will be built in the Tyrrhenian Sea and that will connect Mazara del Vallo with Genoa, with branches towards Roma and Olbia. The partnership includes the purchase by Fastweb of a section of the submarine fiber network, with the option to extend the purchase to additional strategic sections of the route in the near future. The participation of a major partner such as Fastweb underlines the importance of the project developed by Unitirreno and its key role in strengthening the country's connectivity infrastructure with the rest of Europe and the Mediterranean.

As of 31 December 2024, Unidata holds 628,181 treasury shares, corresponding to 2.0338% of the share capital, following the execution of the buyback program.

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SIGNIFICANT EVENTS OCCURRED AFTER THE END OF THE FINANCIAL YEAR

On 3 February 2025, Unidata announces that the laying of the cable of Unitirreno strategic submarine infrastructure took place in Fiumicino. The digital infrastructure will connect Sicily (Mazara del Vallo) to Liguria (Genoa), passing through Roma-Fiumicino and Olbia, making these locations true strategic hubs in the heart of the Mediterranean.

UNIDATA S.p.A.

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On 19 February 2025, Unidata announced that Unitirreno has signed a financing agreement with Intesa Sanpaolo, also as Agent Bank, and Banco BPM for an amount of € 57 million and a duration of 4 years. The investment is intended for the construction of a submarine fiber optic infrastructure, which will connect Mazara del Vallo to Genoa, with a hub near Roma-Fiumicino and one in Olbia.

On 10 March 2025, Unidata announces that it has been awarded three contracts by SorgeAqua S.r.l, ASA S.p.A. and the Municipality of Zeri for the assignment of the design, construction and management of remote reading networks based on LoRaWan® technology. These projects respond to the need to reduce losses in water distribution networks, digitize and monitor the networks themselves.

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FORESEEABLE EVOLUTION OF MANAGEMENT

2024 was characterized by the consolidation of the Unidata Group after the merger with TWT Group and the achievement of good economic results. The forecasts for the current financial year are in line with the 2025-2027 Industrial Plan approved by the Company's Board of Directors on 17 December 2024 and, in particular, various initiatives and activities will be implemented in the coming months such as:

• the increase in customers in the Service area;
• the expansion of the investment in Unifiber for the creation of a fiber optic network in the gray areas of Lazio;
• the increase of the investment in the Unitirreno project for the creation of a submarine fiber system in the Tyrrhenian Sea;
• the extension of the work relating to some projects relating to the public tenders won in 2023 and 2024, with reference to Public Administration and IoT (Internet of Things) area, in addition to the possibility of awarding new tenders;
• the extension of the Rome 5G project.

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MAIN ECONOMIC RESULTS OF THE PARENT COMPANY

The Separate Financial Statements of Unidata S.p.A. shows Total Revenues of € 104.3 million (+12% compared to € 93.0 million in 2023)2, an Adjusted EBITDA of € 29.6 million (+23% compared to € 24.0

2 The values in brackets refer to the reported economic data as of 31 December 2023, i.e. including in the consolidation the TWT Group for the 10 months of Unidata's competence.

UNIDATA S.p.A.

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million in 2023) and a Net Profit of € 10.5 million compared to € 6.8 million in the previous financial year. It should be noted that the results of the Separate Financial Statements are higher than those of the Consolidated Financial Statements due to the consolidation of Unisabina.

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ALLOCATION OF THE 2024 FINANCIAL YEAR RESULT

In light of the above, the Board of Directors proposes to allocate the operating profit of € 10,495,071 as follows:

• € 524,754 to increase the Legal Reserve;
• € 302,584 to be allocated as a dividend (€ 0.01 per share, excluding treasury shares);
• € 9,667,733 to be carried forward to the following financial year.

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SUSTAINABILITY REPORT AND IMPACT REPORT

At today's meeting, the Board of Directors of Unidata, a Benefit Corporation, approved 2024 Non-Financial Statement and Impact Report, confirming the company's commitment to sustainable, responsible and innovative development. "2024 has been a year of evolution and consolidation, in which we have translated our values into concrete actions: from the publication of our first Home-WorkTravel Plan, to the growth of the company's hybrid and electric fleet (now at 67 percent), from the development of smart metering projects for the efficient management of water resources to collaboration with universities and institutions for sustainable innovation. We will continue to generate value for the territory, the environment and people, adapting our reporting documents in the perspective of the important regulatory changes that await us in this area, with specific reference to CSRD, whose principles we already adopt on a voluntary basis", said Paolo Bianchi, Unidata's ESG Manager.

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OTHER RESOLUTIONS OF THE BOARD OF DIRECTORS

Approval of the Report on Corporate Governance and Ownership Structures for the 2024 financial year and the Report on the 2025 Remuneration Policy and Compensation Paid in 2024

The Board of Directors of the Company approved the Report on Corporate Governance and Ownership Structures for the 2024 financial year prepared by the Company pursuant to art. 123-bis of Legislative

UNIDATA S.p.A.

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Decree no. 58 of 24 February 1998 ("TUF") and in compliance with the provisions of the Corporate Governance Code.

The Board of Directors also approved the Report on the 2025 Remuneration Policy and Compensation Paid in 2024 pursuant to art. 123-ter of the TUF and art. 84-quater and Annex 3A, Scheme 7-bis of Consob Regulation no. 11971/1999 ("Issuers Regulation"), as well as in compliance with art. 5 of the Corporate Governance Code.

The above reports will be made available to the public, within the terms of the law, at the Company's registered office, on the "1info" storage mechanism (www.1info.it) and on the company's website www.unidata.itin the Investors/Governance/Shareholders' Meeting section.

Verification of the independence requirements of the Directors

The Board of Directors has verified that the independence requirements pursuant to articles 147-ter paragraph 4 and 148, paragraph 3, of the TUF and Recommendation 6 of the Corporate Governance Code continue to be met by the independent directors Barbara Ricciardi, Alessandra Bucci, Stefania Argentieri Piuma and Luca Annibaletti.

Change to the 2025 financial calendar

The Board of Directors also approved a change to the 2025 financial calendar, announced on 20 January 2025. The change concerns the postponement from Tuesday, 6 May 2025 to Thursday, 8 May 2025 of the Ordinary Shareholders' Meeting for the approval of the financial statements for the year ending 31 December 2024.

The Financial Calendar is therefore modified as follows: