Basic Net SpA

Investor Presentation • Oct 30, 2025

Basiclet

9m2025 RESULTS CONFERENCE CALL

TURIN,30^TH OCTOBER 2025

EXECUTIVE SUMMARY NETWORK ACTIVITY 9m 2025

02 03

GROUP INTERIM RESULTS 9m 2025

EXECUTIVE SUMMARY

Consolidated sales of 9m at € 303,4 million (+2,5% YoY) as adjusted EBITDA stands at € 39,8 million with a surge in Q3 (€ 24,7 million) reflecting a strong commercial activity. NFP with banks at zero entering Q4.

TOTAL AGGREGATED SALES

9m aggregated sales amounted to € 909,0 mln (+7,3% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +8,0% compared to 9m 2024, confirming the positive trend in Q1Q2 2026 order book vs Y-1.

EBITDA

9m EBITDA stood at € 39,8 mln (€ 40,6 mln in 2024) after the adjustment of extraordinary items (€ 2,3 mln) and € 18,3 mln in costs related to the K-Way transaction. 9m 24 benefitted from a non-recurring termination fee from a licensee (€ 4,9 mln). Q3 standalone recorded an € 24,7 mln performance mostly thanks to the fulfilment of a strong Q3Q4 wholesale order book across the Brands.

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 303,4 mln (+2,5% YoY) despite the change in business model of certain partners (from distributors to licensees) with negative impact on direct sales. Royalties from licensees overall followed the same dynamics as aggregated sales.

NFP WITH BANKS

Net Financial Position with banks at zero (compared to - € 108,6 mln at 9m 2024 and - € 90,8 at YE24) with the cash injection coming from K-Way transaction. The Group reacquired the operations of a French franchisee (€ 2,6 mln), purchased own shares (€ 9,8 mln) and distributed dividends to its shareholders (€ 7,4 mln).

TOTAL AGGREGATED SALES (TAS) € 909,0 mln € 303,4 mln

EBITDA* € 39,8 mln

CONSOLIDATED REVENUES

NFP WITH BANKS € 0,0 mln

NETWORK ACTIVITY

9m 2025

NETWORK ACTIVITY TOTAL AGGREGATED SALES

Aggregated Sales of Sourcing Centers (ASSC)

Aggregated Brand Sales (ASL)

€ 909,0 mln € 846,8 mln

9m2025 9m2024

ASL – GEOGRAPHIC AREA

in € million	30.09.25	in %	30.09.24	in %	Var	Var %
Europe	539,8	80,8%	477,0	76,5%	62,8	13,2%
Asia and Oceania	30,0	4,6%	31,1	5,0%	(1,1)	-3,7%
Americas	30,4	4,7%	44,2	7,1%	(13,8)	-31,2%
Middle East and Africa	67,8	10,5%	71,3	11,4%	(3,4)	-4,8%
Total ASL	668,1	100,0%	623,6	100,0%	44,4	7,1%

GROUP INTERIM RESULTS

9m 2025

CONSOLIDATED REVENUES

Consolidated real estate revenues

Net royalties from licensees

Direct sales of goods

€ 303,5 mln € 296,0 mln

9m2025 9m2024

QUARTERLY PERFORMANCE

ASL CONSOLIDATED REVENUES EBITDA ADJUSTED

EBITDA WALK

NET FINANCIAL POSITION

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BasicNet
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in € .000	30.09.25	in %	30.09.24	in %	Var	Var%
Sub-total net money holdings	16.363	-26,9%	(66.223)	41,2%	82.586	-124,7%
Short-term portion of m/l term loans	(5.708)		(11.340)		5.631	-49,7%
Short-term net financial position	10.655	-17,5%	(77.563)	48,3%	88.217	29,5%
Long-term portion of m/l term loans	(10.464)		(30.668)		20.204	-65,9%
Financial leasing payables	(214)		(320)		106	-33,2%
Sub-total loans and leasing payables	(10.677)	17,5%	(30.988)	19,3%	20.311	-65,5%
Net financial position with banks	(23)	0,0%	(108.550)	67,6%	108.528	-100,0%
Right of use debts	(54.458)		(43.920)		(10.538)	24,0%
Payables for future acquisition of company shares	(6.432)		(8.081)		1.649	-20,4%
Net financial position	(60.912)	100,0%	(160.552)	100,0%	99.639	-62,1%

NET FINANCIAL POSITION WALK

Commercial licensees or licensees	independent business owners, granted licenses to distribute Group brand products in their respective regions third-party entities whose function is to manufacture goods branded with the Group brands for the exclusive sale to Commercial licensees or to Group companies
Productive licensees or sourcing centers
Total Aggregated Sales (TAS)	the sum of Aggregated Brand Sales (ASL) and Aggregated Sales of Sourcing Centers (ASSC)
Aggregated Brand Sales (ASL)	sales by commercial licensees – that generate royalties for BasicNet Group – and sales by the Group companies
Aggregated Sales of Sourcing Centers (ASSC)	sales by productive licensees – that generate sourcing commissions for BasicNet Group
Consolidated revenues	the sum of royalties, sourcing commissions, sales of products made by BasicNet Group companies and real estate revenues
EBITDA	"operating result" before "amortisation and depreciation"
Adjusted EBITDA	EBITDA pro-forma net of extraordinary non-recurring items and costs pertaining to the sale of the 40% interest in K-Way S.p.A.
Net Financial Position	total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets
Net Financial Position with banks	Net Financial Position, excluding IFRS 16 and financial liabilities for the acquisition of businesses