The BoD approved the Half-year Financial Report of the Unidata Group as of 30 June 2025

• Total revenues: € 49.5 million (€ 49.2 million in H1 2024), in line YoY
• Adjusted EBITDA: € 12.7 million (€ 12.4 million in H1 2024) +2% YoY
• Adjusted EBITDA Margin: 25.6% (25.2% in H1 2024) +38 bps
• Investments: € 4.7 million
• Net Financial Debt: € 35.9 million (€ 43.8 million as of 31 December 2024)
• Number of customers: +6% compared to 31 December 2024
• Km of optical fiber: +320 km compared to 31 December 2024, reaching about 7,920 km Roma, 11 September 2025 - Unidata S.p.A. (UD.MI) (the "Company"), a telecommunications, cloud and IoT services operator, listed on the euronext Milan market - sTar segment, organized and managed by Borsa Italiana s.p.a., announces that the Board of Directors, which met on today's date under the chairmanship of renato Brunetti, examined and approved the Consolidated Half-Year Financial report of the Unidata Group as of 30 June 2025, prepared in accordance with Ias/IFrs International accounting standards. Renato Brunetti, Chairman and CEO of Unidata, commented: "The results of the first half of 2025 show a slight increase in EBITDA, with an improvement in net financial debt, demonstrating the Group's operational

  UNIDATA S.p.A.
  Sede legale Roma	Milano	Bari	unidata@pec.unidata.it
  Viale A. G. Eiffel 100	Viale E. Jenner 33	Viale delle Dalie 5	info@unidata.it
  00148 Roma (RM).	20159 Milano (MI)	70026 Modugno (BA)	C.F./P.IVA 06187081002
  Tel. (+39) 06 4040 41	Tel. (+39) 02 8908 91	Tel. (+39) 06 4040 41	Capitale soc. €. 10.000.000 i.v.

  efficiency and financial sustainability. In June, we also signed a € 50 million loan with a pool of leading financial institutions, backed by a SACE GROWTH guarantee. This strategic transaction allows us to significantly reduce the Group's debt costs and to support ongoing development projects and future growth objectives. Finally, the Unitirreno project, our digital infrastructure connecting Sicily to Liguria, is progressing on schedule, strengthening our long-term infrastructure vision and positioning us as a strategic digital hub in the Mediterranean. We look forward to the second half of the year with confidence, ready to seize new opportunities and continue creating value for our stakeholders".

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  MAIN CONSOLIDATED ECONOMIC AND FINANCIAL DATA AS OF 30 JUNE 2025 Total consolidated revenues, equal to € 49.5 million, are in line with the first 6 months of 2024 (€ 49.2 million), confirming the breakdown of revenues by business area which sees growth in service revenues (+2%) and a slight decline in Infrastructure revenues (-4%). Adjusted EBITDA, calculated net of extraordinary costs of approximately € 0.4 million (€ 0.3 million in the first half of 2024), amounted to approximately € 12.7 million (+2% compared to € 12.4 million in the first half of 2024) with an Adjusted EBITDA Margin of 25.6% (25.2% in the first six months of 2024). This improvement is essentially linked to the increase in high value-added revenues and the reduction in Cost of Goods sold due to lower Infrastructure revenues, despite an increase in service Costs due to the increase in costs related to Consumer customers as a result of the growth in corresponding revenues. Operating profit (EBIT) amounted to € 6.7 million, slightly down compared to the first half of 2024 (€ 7.0 million) due to higher depreciation and amortization related to increased investments. The EBIT margin was 13.6% compared to 14.2% in the first half of 2024. Financial expenses (net of respective income), equal to € 0.9 million, recorded a decrease of 49.8%, mainly due to the recognition of a non-monetary financial income, equal to € 1.9 million, in line with the requirements of the international accounting standard IFrs 9 as part of the renegotiation of the € 50 million loan, which took place on 19 June 2025. Net profit amounted to € 4.1 million, up approximately 15% compared to the result recorded in the first six months of 2024 (€ 3.6 million), due to the above-described effects.

  UNIDATA S.p.A.
  Sede legale Roma	Milano	Bari	unidata@pec.unidata.it
  Viale A. G. Eiffel 100	Viale E. Jenner 33	Viale delle Dalie 5	info@unidata.it
  00148 Roma (RM).	20159 Milano (MI)	70026 Modugno (BA)	C.F./P.IVA 06187081002
  Tel. (+39) 06 4040 41	Tel. (+39) 02 8908 91	Tel. (+39) 06 4040 41	Capitale soc. €. 10.000.000 i.v.

  During the first half of 2025, Investments of approximately € 4.7 million were made, largely financed by working capital and divided into € 1.1 million in intangible assets, € 3.0 million in tangible assets, mainly related to the infrastructure area, and approximately € 0.4 million in financial assets.

  Net Financial Debt amounted to € 35.9 million, a significant decrease from € 43.8 million as of 31 December 2024, thanks to good operating cash flow generation and the release of the € 2.4 million deposit in January. The significant improvement is due, in addition to operating cash flows in the half-year, to the recognition of the aforementioned non-cash financial income of € 1.9 million. Net equity as of 30 June 2025, is € 83.4 million compared to € 73.0 million as of 31 December 2024.

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  REVENUES BY BUSINESS AREAS

  Thousands of €	H1 2025		H1 2024	Change	%
  Consumer		3,196	2,512	684	27%
  Business		11,859	10,838	1,021	9%
  	of which recurring	11,288	10,643	646	6%
  	of which project	571	195	376	193%
  Wholesale		670	506	164	32%
  	of which recurring	176	256	-81	-32%
  	of which project	494	250	244	98%
  Public Administration		2,564	4,283	-1,719	-40%
  of which recurring		331	321	10	3%
  of which project		2,233	3,962	-1,729	-44%
  Reseller		15,081	15,364	-284	-2%
  Voice Trading and voice network		3,164	2,164	1,000	46%
  Service Revenues		36,533	35,667	866	2%
  Creation & Delivery		11,344	12,552	-1,209	-10%
  Materials trading		700	-	-	-
  Infrastructure Revenues		12,044	12,552	-508	-4%
  Deferred income		769	636	133	21%
  Other income		129	383	-254	-66%
  Total		49,474	49,238	236	0%

  UNIDATA S.p.A.
  Sede legale Roma	Milano	Bari	unidata@pec.unidata.it
  Viale A. G. Eiffel 100	Viale E. Jenner 33	Viale delle Dalie 5	info@unidata.it
  00148 Roma (RM).	20159 Milano (MI)	70026 Modugno (BA)	C.F./P.IVA 06187081002
  Tel. (+39) 06 4040 41	Tel. (+39) 02 8908 91	Tel. (+39) 06 4040 41	Capitale soc. €. 10.000.000 i.v.

  Service

  The Service revenues line, which recorded an increase of 2%, 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.

The Infrastructure revenues line, which recorded a decrease of 4%, includes mainly revenues for the construction of telecommunications infrastructure attributable to the works connected to the Unifiber project.

The first half of 2025 confirms a growth in direct customers (+6%) compared to the previous financial year. Total direct customers as of 30 June 2025 are indeed equal to no. 29,317, compared to no. 27,593 as of 31 December 2024. The increase concerns all the main categories of customers; in particular, the Business customer market records an increase of 3%, while the Consumer customer sector records an increase of 7%. The number of whitelabel lines activated through the partner network records an increase compared to 31 December 2024, reaching 34,285 active lines (of which 324 international) as of 30 June 2025.

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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During the first 6 months of 2025, the fiber optic network was extended by approximately 320 km, reaching a total extension of approximately 7,920 km between Unidata and Unifiber as of 30 June 2025.

Unidata's fiber optics present in the buildings represent a coverage of over 492,000 residential and business real estate properties, also in various industrial and management districts.

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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.

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.

On 10 April 2025, Unidata announced the completion of the strategic reorganization transaction through the transfer of the shareholdings held by Unidata and Connecting europe Broadband Fund (CeBF) in ClioFiber s.r.l. and in Unifiber s.p.a. to the company Unifiber Italy s.p.a.. The underlying rationale lies in the implementation of a new project aimed at expanding and strengthening the strategic partnership between Unidata and the CeBF fund.

On 29 April 2025, Unidata announces that the cable laying of the Unitirreno strategic submarine infrastructure, a digital infrastructure of strategic importance that will connect sicily to Liguria, took place in Mazara del Vallo. The section of cable laid in Mazara del Vallo represents a crucial piece of a broad process of digital transformation and evolution.