Unidata

Investor Presentation • Sep 11, 2025

H1 2025 RESULTS

SEPTEMBER 11TH, 2025

Roberto Giacometti

CFO & Investor Relations Officer

TODAY'S SPEAKERS

Renato Brunetti

Chairman & CEO

Expert in Administration, Finance, Planning and Control. He held the position of General Manager in several Italian and foreign companies and was Director of the National Secretariat of Agesci.

In 2019, he joined Unidata and followed the listing process on EGM, the extraordinary operations and the translisting on EXM - STAR Segment

Expert in IT systems and software projects. In 1985, he founded Unidata together with two partners, guiding the company towards its new core business, sensing the potential offered by the Internet. President of the NaMeX Consortium and of Unifiber S.p.A. and CEO of Unitirreno S.p.A..

ACHIEVEMENTS H1 2025

MAIN ACHIEVEMENTS H1 2025

Unidata signed, with a pool of banks and financial institutions of primary standing, a medium-long term loan of € 50 million, significantly improving the cost of debt

Unidata announced the laying of the first section of the strategic submarine cable infrastructure of Unitirreno on the coast of Roma-Fiumicino

Unidata announced that Unitirreno signed a financing contract with Intesa Sanpaolo, also as Agent Bank, and Banco BPM for an amount of € 57 million and a duration of 4 years

Unidata announced the strategic reorganization operation through which the shareholdings that Unidata and CEBF held in Unifiber and Unfiber Puglia were transferred to Unifiber Italy

Unidata announced the laying of a section of the strategic submarine cable infrastructure of Unitirreno on the coast of Mazara del Vallo

KEY FINANCIALS

FINANCIAL HIGHLIGHTS UNIDATA GROUP H1 2025

49.5 M€	12.7 M€
Revenues in line YoY (49.2 M€ in H1 2024)	Adjusted EBITDA +2% (12.4 M€ in H1 2024)
29,317	7,920 km
Direct Customers +6% vs FY 2024	Optical Fiber +320 km
34,285 and Active lines	(7,600 in FY 2024)

through resellers

Optical Fiber +320 km (7,600 in FY 2024) 1

492,570 households covered

NFD (43.8 M€ as of 31 December 2024) 35.9 M€

Adjusted EBITDA +2% (12.4 M€ in H1 2024)

12.7 M€

Total Investments in tangible, intangible and fiinancial assets

4.7 M€

1) Including Unifiber network

FINANCIAL HIGHLIGHTS - REVENUES & CUSTOMERS

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

Revenues H1 2025 breakdown

Number of customers H1 2025

Unidata Group's consolidated revenues are in line with H1 2024, confirming the inversion of the revenues mix with an increase in the percentage weight of Service Revenues.

Service Revenues recorded an increase (+2%), thanks to a good growth in revenues from consumers, while Infrastructure Revenues recorded a slight decrease YoY (-4%).

UNIDATA GROUP - CUSTOMERS H1 2025

34,285

Active lines at national level through a network of about 370 partners

29,317

Unidata Group Consumer and Business Customers

63,602

FINANCIAL HIGHLIGHTS - EBITDA

• The improvement in EBITDA is essentially linked to the increase in Revenues with high added value, the reduction in the Cost of Goods Sold linked to lower Infrastructure Revenues, despite an increase in Service costs due to the increase in costs relating to Consumer

• customers as a result of the growth in corresponding revenues.
• Adjusted EBITDA, equal to € 12.7 million, is calculated net of € 0.4 Million of extraordinary costs

Adjusted EBITDA & Margin EBITDA Bridge

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

• EBIT, equal to € 6.7 million, recorded a slight decrease compared to the first half of 2024 (€ 7.0 million) due to an increase in

• depreciation and amortization linked to higher investments.
• 50 million loan which took place on 19 June 2025.

• 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 IAS IFRS 9 as part of the renegotiation of the €

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

NET FINANCIAL DEBT BRIDGE

OUTLOOK FY 2025

103 - 108 M€ 28 - 29.5 M€ 36 - 38 M€

Q&A SESSION

APPENDIX

CORPORATE GOVERNANCE & ORGANIZATION

TARGET & COMPETITORS

Target Competitors

DISCLAIMER

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Unidata S.p.A.

ROBERTO GIACOMETTI CFO & Investor Relations Officer

+39 329 2478696 r.giacometti@unidata.it

CDR Communication S.r.l. Investor Relations Consultant

SILVIA DI ROSA +39 335 7864209 silvia.dirosa@cdr-communication.it

ELEONORA NICOLINI +39 333 9773749 eleonora.nicolini@cdr-communication.it