Digital Value

Earnings Release • Nov 30, 2025

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Data/Ora Ricezione : 30 Novembre 2025 22:31:12

Oggetto : DV - 2025 REVENUE FORECAST UPDATE

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PRESS RELEASE

2025 REVENUE FORECAST UPDATE

Milan, November 30, 2025 – Digital Value SpA (Ticker DGV) operator of reference in Italy In the ICT sector for the public and private segments, listed on Euronext Milan, announces the update of the consolidated revenue forecast for the 2025 financial year, which the Board of Directors has reviewed and approved compared to the estimates contained in the press release of August 1 , 2025.

The Group's performance in the financial year continues to be impacted by the unfavorable macroeconomic environment and the ICT market, and in particular by slowdowns in growth dynamics due to the worsening of US-China trade tensions, the current trade tensions in the Taiwan Strait, and growing "chip nationalism."

Secondly, the Group's performance continues to be impacted by the legal events that occurred between 14 and 15 October 2024, which affected Mr. Massimo Rossi ( former Chairman and CEO of the Company and former Sole Director of Italware Srl) and Digital Value itself (as well as its subsidiaries Italware Srl, ITD Solutions SpA, and Dimira Srl). These events, in a context of ongoing uncertainty, caused the Group to perform less well than expected.

In the last period, there has been a reduction in the negative effects of these events following important and timely self -cleaning actions. implemented by the Company which have induced the Public Administration Contracting Authorities, the main Customers and Suppliers to progressively reactivate operations with the Group.

In this regard, with particular reference to the Conventions and Framework Agreements, as well as certain Agreements with private clients awarded towards the end of the second quarter of 2025, once the self cleaning measures had been fully implemented, it should be noted that their contractualization and subsequent full operational launch occurred with a quarter's delay and, in some cases, are still ongoing. This has resulted in a temporary postponement of the execution of these contracts and their full economic effects, partly to the last quarter of 2025 and partly to the following year, 2026.

In light of the above and market and industry forecasts, the Digital Value Group remains focused on controllable factors, including deleveraging, cost discipline and control, the commercial proposition and operational implementation phases, strengthening technological certifications, as well as the quality and durability of the commercial portfolio.

In parallel, on the one hand, the constant monitoring of the macroeconomic context characterised by the potential impact of tariffs, transnational conflicts, the so-called "Chip wars" and the first so-called "technological wars" continues, while on the other hand, self -cleaning actions and the strengthening of corporate governance measures in compliance with current regulations, the best market standards and rigorous ethical principles continue .

In this context, the Company, as a result of the above and based on the information available to date – also taking into account the seasonality of the business , which sees a significant concentration of revenues in the last quarter of the financial year – is updating its consolidated revenue estimates, which could decline by between 3% and 7% compared to the previously disclosed lower figure of €725 million.

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This press release is available on the Digital Value website : https://www.digitalvalue.it , in the Investor Relations/Press Releases section

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Digital Value SpA

Digital Value SpA, with site to Rome and activity on the whole territory national, And to boss Of a Group That constitutes one of the operators Of reference in Italy In the sector from the solutions And services IT with revenues consolidated Of 815.8 million

€ and over 600 employees (source: consolidated financial statements as of December 31, 2024). The Group carries out research, design, development, and marketing of ICT solutions and services for the digitalization of large-account clients operating in strategic sectors of the country's economy - Telecommunications, Transportation, Utilities, Finance, Industry, and Public Administration - which represent the driving segment of the ICT market. Digital Value consolidates skills unique And specialized, in degree Of offer a coverage complete of the need Of technological innovation in key market segments, the result of a path of constant and significant growth. success of the Group And based on uniqueness Of skills, know-how And specialization of own resources human as well as on the recognized capacity Of plan, implement And manage solutions design innovative And functional to the digitalization of customers.

Digital Value And listed on the market Euronext Milan from May 2023.

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Forward-looking information

This press release may contain forward-looking information and estimates, including references that are not based solely on historical data or current events and, therefore, are uncertain. Forward-looking information is based on various assumptions, expectations, projections, and forecasts regarding future events and is subject to numerous uncertainties and other factors beyond the Company's control. Numerous factors could cause actual results and performance to differ materially from those expressed or implied in the forward-looking information, and therefore, such information is not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, unless required by applicable law. This communication, any portion thereof, or its distribution, may not form the basis of, or be relied upon in, any contract or investment decision. The Company and its respective representatives, directors or employees accept no liability whatsoever in relation to this communication or its contents or in relation to any loss arising from its use or reliance on it.

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For information

Digital Value SpA

Via della Maglianella 65/E,

00166 Rome

Tel. +39 3357855315

E-mail investors@digitalvalue.it

Alessandror Pasqualin