El.En.

Investor Presentation • Sep 11, 2025

COMPANY PRESENTATION

Conference Call H1 2025 Financial results

Sept 11th , 2025

DISCLAIMER ²

Certain statements in this slide show, including those addressing the Company's beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. Forward-looking statements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation about the contents nor to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof.

HIGHLIGHTS – H1 2025 ³

emarket sdir storage
CERTIFIED

P&L	30/06/2024	%	30/06/2025	%	% Var
Revenues	271 471		285 336		5 1% ,
EBIT	37 264	13 7% ,	34 649	12 1% ,	0% 7 - ,

Revenues	30/06/2024	%	30/06/2025	%	Var %
Medical	195	9%	206	2%	7%
	069	71	131	72	5
		,		,	,
Industrial	76	28	79	27	3
	402	1%	205	8%	7%
		,		,	,

INCOME STATEMENT – H1 2025 ⁴

'000 Euro	30/06/2024	%	30/06/2025	%	Var %
Medical	195 069	9% 71 ,	206 131	2% 72 ,	7% 5 ,
Industrial	76 402	1% 28 ,	79 205	8% 27 ,	7% 3 ,
Revenues	271 471	100 0% ,	285 336	100 0% ,	5 1% ,
Gross margin	119 831	1% 44 ,	126 211	2% 44 ,	3% 5 ,
Operating Expenses	28 118	4% 10 ,	30 943	8% 10 ,	0% 10 ,
Staff espenses	48 334	17 8% ,	53 045	18 6% ,	9 7% ,
EBITDA	43 379	0% 16 ,	42 223	8% 14 ,	7% 2 - ,
accruals Depr amort ., .,	6 115	2 3% ,	7 574	2 7% ,	23 9% ,
EBIT	37 264	13 7% ,	34 649	12 1% ,	0% 7 - ,
financ income(charges) Net	30	0 0% ,	(2 662)	0 9% - ,
(expense) Other income net	000 5	1 8% ,	(261)	0 1% - ,
EBT	42 294	6% 15 ,	31 726	1% 11 ,	0% 25 - ,
Income taxes	(11 695)	4 3% - ,	(10 408)	3 6% - ,	11 0% - ,
Discontinued operations	(3 152)	2% 1 - ,	(4 046)	4% 1 - ,	28 4% ,
Minorities	(151)	0 1% - ,	660	0 2% ,
INCOME NET	27 297	10 1% ,	932 17	6 3% ,	34 3% - ,

BALANCE SHEET – H1 2025 ⁵

'000 Euro	31/12/24	30/06/25	Var %
Total current assets non	103 237	113 385	8% 9 ,
Working Capital Net	199 826	207 399	8% 3 ,
receivables/payables Other ST	(32 675)	(25 965)	20 5% - ,
financial position Net	110 559	89 982	18 6% - ,
liabilities Long term	16 071	15 831	5% 1 - ,
Net Equity	410 802	406 281	1% 1 - ,
Discontinued operation	45 926	37 310	18 8% - ,
capital employed Net	300 243	316 299	3% 5 ,
Working Capital sales Net on	35 3% ,	36 3% ,
ROCE	1% 26 ,	9% 21 ,
(EBIT/Net capital employed)
Operating Capex	11 623	10 011

Cash Flow ⁶

• * Nopat =Ebit-Income tax **D&A= Depreciation, Accruals and Devaluation
• ***NWC= Net Working Capital

Revenue Breakdown by Business ⁷

Revenue Breakdown by Area ⁸

2025 Guidance ⁹

Revenues 2025 > Revenues 2024

EBIT 2025 > EBIT 2024

CONTACTS

El.En. S.P.A. Enrico Romagnoli Investor Relations Manager tel. +39 055-8826807 E-mail: finance@elen.it

POLYTEMS HIR

Financial Communication, IR and Press Office Bianca Fersini Mastelloni - b.fersini@polytemshir.it Silvia Marongiu - s.marongiu@polytemshir.it Tel. +39 06-69923324