Vidrala SaBME: VID

Other relevant information - VIDRALA reports financial statements for the six months ended June 30, 2026. Find attached the management report. (On business and financial situation)

· Issued by Vidrala SA
‌VIDRALA, S.A. BUSINESS PERFORMANCE Q2 2026 ACCUMULATED FIGURES (SIX MONTHS ENDED)

June 2026

June 2025

Reported change

Organic change

Sales (EUR million)

754.0

750.1

+0.5%

-3.8%

EBITDA (EUR million)

225.5

216.1

+4.4%

+1.5%

Earnings per share (EUR)

3.36

3.06

+9.9%

Debt / EBITDA (multiple)

0.6x

0.5x

+0.1x

Note: Organic change reflects the variation at constant currency and comparable scope, on a proforma basis, including the contribution from Chile in 2025. In order to improve comparability, earnings per share has been adjusted for the effect of the bonus share issue carried out in November 2025. For the purpose of calculating the leverage ratio, debt and EBITDA figures exclude the IFRS 16 Leases impact.
  • Sales during the first six months of 2026 amounted to EUR 754.0 million, showing an organic variation of -3.8% at constant currency and comparable perimeter.

  • Operating profit, EBITDA, amounted to EUR 225.5 million representing an operating margin of 29.9%.

  • Earnings per share reached EUR 3.36 per share in the period, reflecting an increase of +9.9% over the same period last year.

  • Net debt as of June 30, 2026 stood at EUR 252.3 million, equivalent to 0.6x times last twelve months proforma EBITDA.

VIDRALA. Management Report. First half 2026. | 1

‌Earnings performance Sales

Sales reported by Vidrala during the first six months of 2026 amounted to EUR 754.0 million, representing a growth of +0.5% over the previous year. On a constant currency basis and comparable perimeter, sales declined by -3.8%.

SALES YEAR OVER YEAR CHANGE

EUR million

VIDRALA. Management Report. First half 2026. | 2

Operating results

Operating profit -EBITDA- obtained in the first six months of 2026 reached EUR 225.5 million. This represents an increase of +4.4% over the figure reported last year and an increase of +1.5% on a constant currency basis and comparable perimeter.

EBITDA margins reached 29.9% over sales which reflects an expansion of +110 basis points over the previous year.

EBITDA YEAR OVER YEAR CHANGE

EUR million



EBITDA MARGINS YEAR OVER YEAR CHANGE

As percentage of sales



VIDRALA. Management Report. First half 2026. | 3

Results and financial position

Net profit in the first half amounted to EUR 117.4 million. As a result, earnings per share during the period reached EUR 3.36 per share. This represents a +9.9% growth over the previous period.

Net debt at June 30, 2026 stood at EUR 252.3 million, equivalent to a leverage ratio of 0.6x times last twelve months proforma EBITDA.

DEBT YEAR OVER YEAR EVOLUTION SINCE 2022

Debt in EUR million and times EBITDA*



Debt figure and leverage ratio do not include the effect of IFRS 16 Leases, which entails an increase of EUR 47.9 million in debt and EUR 4.0 million in consolidated EBITDA (EUR 50.5 and 4.4 million, respectively, in H1 2025). For the calculation of the leverage ratio in years with M&A activity, proforma EBITDA is used, including the last twelve months' contribution from the acquired business.

VIDRALA. Management Report. First half 2026. | 4

Key figures

June 2026

June 2025

Sales (EUR million)

754.0

750.1

EBITDA (EUR million)

225.5

216.1

EBITDA margin (as percentage of sales)

29.9%

28.8%

EBIT (EUR million)

152.6

149.4

EBIT margin (as percentage of sales)

20.2%

19.9%

Net profit (EUR million)

117.4

107.8

Earnings per share (EUR)

3.36

3.06

Net debt (at the end of the period, in EUR million)

252.3

214.8

Debt / EBITDA (multiple)

0.6x

0.5x

VIDRALA. Management Report. First half 2026. | 5

‌Conclusions and outlook

Our first-half 2026 results reflect the recent strategic decisions and the operational management actions under way, and confirm the strength of our business model.

In an adverse cost environment, we strengthened our margins, proof of the effectiveness of our internal cost-control actions and of our current competitive standing. Against a backdrop of soft demand in Europe, we found pockets of sales recovery in the second quarter and captured the benefits of diversification, underlined by the strong growth in South America. And despite the ambitious investment plan under way, we generated the expected levels of cash and preserved our solid financial position, which will give us an advantage in securing the future we are building. We are evolving, in short, as a partner of choice for our customers, which will translate into higher sales going forward.

On this basis, we today reiterate our guidance for full-year 2026. We expect to achieve EBITDA above 450 million euros, ahead of the prior year, offsetting through our management the significant challenges of the current environment. We expect to report growth of more than 5% in annual profit, driven by the outcome of our operational actions, the contribution of the new perimeter and cost control. And we estimate that we will generate around 200 million euros of free cash flow, consolidating a differential profitability profile, having completed a further stage of ambitious industrial investment.

Beyond these figures, we continue to lay the foundations of our future with conviction, strictly committed to our strategic business pillars: customer, cost and capital. We will invest with our customer in mind and with the firm purpose of manufacturing our products and delivering our services in the most reliable, competitive and sustainable way, while maintaining strict financial discipline. The future belongs to us.

VIDRALA. Management Report. First half 2026. | 6

‌Shareholder remuneration policy

In accordance with the agreement of the last Annual General Meeting, a complementary cash dividend from 2025 results was paid on July 15, 2026 for a gross amount of EUR 46.87 cents per share. This distribution represents an increase of 15% over the same payment of the prior year, considering the effect of the new shares assigned free of charge after the bonus share issue completed in November 2025.

This is consistent with the shareholder remuneration policy defined at Vidrala, focused on the progressive increase in cash dividends, sustainable in the long term, and the combination of additional remuneration measures that are appropriate based on prevailing business conditions.

Overall, cash dividends received by shareholders during 2026, including the AGM attendance bonus, amounted to EUR 1.7505 per share.



Furthermore, as an extraordinary measure complementary to the cash dividend, the Board of Directors has decided to expand the share buyback programme, up to 3% of share capital, with the aim of cancelling the shares acquired. This expansion brings the amount allocated to shareholder remuneration to over 150 million euros. This decision reflects the Board's confidence in the strength of the industrial model and in the company's intrinsic value, and confirms that Vidrala can simultaneously reconcile investment in the service of customers, international expansion, and attractive and growing shareholder remuneration.

VIDRALA. Management Report. First half 2026. | 7

‌Annex I. Reportable Segment Information.

Iberia and rest of Europe

Q2 2025

H1 2025

Sales

194.5

382.7

EBITDA

60.4

117.3

EBITDA margin

31.1%

30.7%

Q2 2026

H1 2026

189.0

363.6

62.0

113.8

32.8%

31.3%

United Kingdom and Ireland

Q2 2025

H1 2025

Sales

143.1

280.6

EBITDA

34.3

63.0

EBITDA margin

24.0%

22.5%

Q2 2026

H1 2026

130.3

249.8

33.7

58.8

25.9%

23.5%

South America (2025 proforma)

Q2 2025

H1 2025

Sales

58.2

123.4

EBITDA

20.0

41.7

EBITDA margin

34.4%

33.8%

Q2 2026

H1 2026

67.1

140.6

25.8

52.9

38.5%

37.6%

Figures in the tables may not match due to rounding.

VIDRALA. Management Report. First half 2026. | 8

Annex II. Alternative Performance Measures (APM).

Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM).

See below, the alternative performance measures used by Vidrala, as well as its basis of calculation. For further detail, please check the reference document published on the corporate website:

https://www.vidrala.com/default/documentos/746_es-medidas_alternativas_de_rendimiento_apm.pdf

EBITDA. Vidrala calculates EBITDA as earnings before interest, taxes, depreciation and amortisation (as reported in the consolidated income statement). Consolidated net debt. Vidrala calculates consolidated net debt as the sum of all long-term liabilities and short-term obligations, and then subtracting cash and cash equivalents (as reported in the consolidated balance sheet). Reported net debt excludes the impact of IFRS 16 Leases (see note 19 of the consolidated financial statements for further details). Free cash flow. Vidrala calculates free cash flow by adding -to the real variation in net debt balances (as reported in the consolidated balance sheet)- payments during the period dedicated to dividends and net treasury stock purchases (as reported in the consolidated statement of cash flows).

Other magnitudes referred to in this report:

  1. EBITDA margin is calculated as accumulated EBITDA during the reported period divided by net sales.

  2. Organic refers to the variation on a like-for-like (comparable perimeter) and constant currency basis.

  3. Debt/EBITDA ratio is calculated as consolidated net debt at the end of the reported period divided by EBITDA obtained in the last 12 months.

VIDRALA. Management Report. First half 2026. | 9

EBITDA

EUR '000

H1 2026

Source of data

Profit before income tax from continuing operations

153,827

Consolidated Income Statement

Amortisation and depreciation

+72,241

Consolidated Income Statement

Finance income

-18,224

Consolidated Income Statement

Finance costs

+16,997

Consolidated Income Statement

Impairment of non-current assets

+700

Consolidated Income Statement

Participation accounted through equity method

+3

Consolidated Income Statement

EBITDA

225,544

N/A

NET DEBT

EUR '000

H1 2026

Source of data

Loans and borrowings (non-current liabilities)

169,551

Consolidated Balance Sheet

Loans and borrowings (current liabilities)

+240,053

Consolidated Balance Sheet

Cash and cash equivalents

-109,403

Consolidated Balance Sheet

IFRS 16 Leases impact

-47,880

Note 19 - Financial Liabilities

Consolidated net debt

252,321

N/A

VIDRALA. Management Report. First half 2026. | 10

Annex III. 2026 events calendar. Past events

February 13, 2026

Payment of a first interim cash dividend from 2025 results

February 28, 2026

FY 2025 Earnings Release (8:00h CET)

April 29, 2026

Q1 2026 Earnings Release (10:00h CET)

April 29, 2026

Annual General Meeting (12:00h CET)

July 15, 2026

Payment of a complementary cash dividend from 2025 results

July 23, 2026

Q2 2026 Earnings Release (8:00h CET)

Upcoming events

October 28, 2026

Q3 2026 Earnings Release (8:00h CET)

VIDRALA. Management Report. First half 2026. | 11

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