Albaad Massuot Yitzhak Ltd. — Investor Presentation 2025

Nov 20, 2025

November 2025

FINANCIAL RESULTS OVERVIEW Q3.2025

FORWARD LOOKING STATEMENT

Legal disclaimer Important notice

This presentation (the "Presentation") is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any shares of Albaad Massuot Yitzhak LTD. (the "Company") or any of its affiliated entities.

This presentation contains partial information from the public reports of the Company under the Israeli Securities Law 5728-1968 (the "Securities Law"), which can be accessed on the Israeli Securities Authority's website, www.magna.isa.gov.il. A review of this presentation is not a substitute for a review of the detailed reports of the Company under the Securities Law and is not meant to replace or qualify them; rather, the presentation is prepared merely for the convenience of the reader, with the understanding that the detailed reports are being reviewed simultaneously.

Everything stated in this Presentation with respect to an analysis of the Company's business is merely a summary and any forward-looking statements involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company. Such forward-looking statements are not guarantees of future results, performance or achievements and are based on current expectations, estimations, and assumptions, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performances or achievements of the Company may differ materially from what is or may be expressed or implied in this presentation due to a variety of factors, many of which are beyond the Company's control, including, without limitation, certain risk factors contained in the Company's reports. The Company disclaims any obligation or commitment to update these forward-looking statements to reflect new information, future events or developments or changes in expectations, estimates, projections and assumptions or otherwise.

מה היה לנו הרבעון

• הכנסות 460 מ' ₪ גידול של 2% המבטא צמיחה אורגנית של
• שיפור מתמשך בשיעור הרווח הגולמי, חוצה את רף ה-21%
  • י פרויקט שיפור תפוקות מפעל הבדים במשואות שהגדיל משמעותית את הרווחיות של חטיבת הבדים
  • פרויקט הגדלת כושר הייצור בתחום המגבונים באמצעות שיפור תהליכים ואופטימיזציה בקווי הייצור במפעלים, הייצור הכמותי בתשעה חודשים גדל ב-10%
• הגדלת מלאים לתמיכה בביקושים ולשיפור יעילות הייצור המכירות במגזר המגבונים באירופה גדלו ב 8.8% ברבעון שלישי
• גידול של 7.4% במכירות חטיבת הטמפונים במטבע מקור 9.4% לעומת שחיקה ברווח עקב ירידה בשער החליפין של הדולר ב-9.4% והשפעת המכסים. החברה פועלת להתאמת מחירי המכירה

COMPANY HIGHLIGHTS

460 M

SALES

+1.9% vs. LY

Organic growth 6% vs. LY

21.2%

GP MARGIN

+0.4% vs. LY

32.8 M

EBIT*

-1.3% vs. LY

57.6 M

EBITDA**

+1.2% vs. LY

19.2 M

NET PROFIT**

+35.8% vs. LY

24.8 M

OPERATING CASH FLOW

Free Cash Flow 2.2M

^* EBIT before others

^** EBITDA & Net profit from continued operation

HIGHLIGHTS

Q3.2025 Results VS. Last year (K NIS)

+1.9% Sales
Sales in original currency +6%

-1.3% EBIT

+2.2% including others

+1.2% EBITDA continued operation

+36%

Net Profit

+42% inc. discontinued operation

	Q3 2025	Q3 2024	Var	Var %
Sales	459,856	451,232	• 8,624	1.9%
EBIT	33,938	33,199	• 739	2.2%
EBIT (Before Others)	32,777	33,199	J -422	-1.3%
EBITDA (Continued operation)	57,579	56,901	• 678	1.2%
Net Profit (Continued operation)	19,229	14,156	• 5,073	35.8%
Net Profit	18,220	12,840	6 5,380	41.9%

SALES & EBIT BY DIVISION

Q3.2025 Results VS. Last year (K NIS)

		EBIT
	Q3 2025	Q3 2024	Var %	Var % (Org.)	Q3 2025	Q3 2024
Albaad Europe % from sales	370,114	353,352	4.7%	8.8%	23,934 6.5%	26,949
Albaad IL % from sales	62,101	65,773	(5.6%)	(4.1%)	3,869 6.2%	2,738 4.2%
Albaad Fabric IL % from sales	84,761	78,482	8.0%	12.1%	10,129 12.0%	6,205 7.9%
Albaad Fem IL % from sales	50,976	51,914	(1.8%)	7.4%	145 0.3%	3,344 6.4%
Intercompany	(108,096)	(98,289)			863	58
HeadQuarter & Others					(6,163)	(6,095)
Total Company % from sales	459,856	451,232	1.9%	6.0%	32,777 7.1%	33,199 7.4%
Other Income (1)					1,161
Total Company % from sales	459,856	451,232	1.9%	6.0%	33,938 7.4%	33,199 7.4%

(1) Other income Q3 2025: 580 K NIS in Fabric IL + 581 K NIS in Wipes IL

* SALES & EBITDA TRENDS 2023-2025

QUARTERLY BASIS (K NIS)

* EBITDA from continued operation

NET DEBT TO EBITDA^* TRENDS 2023-2025

QUARTERLY BASIS (M NIS)

* EBITDA LTM from continued operation

HIGHLIGHTS

SepYTD.2025 Results VS. Last year (K NIS)

+2.9% Sales Sales in original currency +4.8%

-1.2% EBIT +0.6% including others

+1.4% EBITDA continued operation

+29% Net Profit
+28% inc. discontinued operation

	SepYTD 2025 SepYTD 2024			Var	Var %
Sales	1,344,325	1,307,471	P	36,854	2.8%
EBIT	93,901	93,350	P	551	0.6%
EBIT (Before Others)	91,658	92,744	•	-1,086	-1.2%
EBITDA (Continued operation)	165,270	162,970	P	2,300	1.4%
Net Profit (Continued operation)	49,774	38,568	•	11,206	29.1%
Net Profit	54,491	42,588	P	11,903	27.9%

SALES & EBIT BY DIVISION

SepYTD.2025 Results VS. Last year (K NIS)

		Sal	EBIT
	SepYTD 2025	SepYTD 2024	Var %	Var % (Org.)	SepYTD 2025	SepYTD 2024
Albaad Europe % from sales	1,069,825	1,027,959	4.1%	6.5%	65,968 6.2%	80,724 7.9%
Albaad IL % from sales	188,664	176,818	6.7%	7.6%	7,465 4.0%	8,939 5.1%
Albaad Fabric IL % from sales	267,405	238,286	12.2%	14.7%	36,442 13.6%	12,841 5.4%
Albaad Fem IL % from sales	151,823	153,002	(0.8%)	4.0%	5,732 3.8%	7,217 4.7%
Intercompany	(333,392)	(288,594)			(5,838)	104
HeadQuarter & Others					(18,111)	(17,081)
Total Company % from sales	1,344,325	1,307,471	2.8%	4.8%	91,658 6.8%	92,744 7.1%
Other Income (1)					2,243	606
Total Company % from sales	1,344,325	1,307,471	2.8%	4.8%	93,901 7.0%	93,350 7.1%

BALANCE SHEET

AS OF 30.09.2025 VS. 31.12.2024 (K NIS)

8.5M Cash on hand

432M Net Debt

478M Equity, Increased by 41m

31% Equity from total balance sheet

	30.09.2025	% from total	31.12.2024	% from total
Cash and cash equivalents	8,484	1%	25,158	2%
Trade Receivables	219,430	14%	219,046	15%
Inventory	356,241	23%	316,837	21%
Other Current Assets	43,416	3%	36,067	2%
Total Current Assets	627,571	41%	597,108	40%
Non Current Assets	905,835	59%	912,848	60%
Total Assets	1,533,406	100%	1,509,956	100%
	205.070	400/	222.522	400/
Credit from banking & institutions	285,870	19%	286,592	19%
Trade Payables	215,940	14%	216,362	14%
Other Current Liabilities	161,659	11%	154,501	10%
Total Current Liabilities	663,469	43%	657,455	44%
Long-Term Loans from banks	154,177	10%	157,025	10%
Other Long-Term Liabilities	237,655	15%	258,109	17%
Total Long-Term Liabilities	391,832	26%	415,134	27%
Equity	478,105	31%	437,367	29%
Total liabilities	1,533,406	100%	1,509,956	100%

INNOVATION & FUTURE GROWTH

GREEN PRODUCT LINE IN DIMONA THE NEXT GENERATION

• Green hybrid production line that enables production in both paper technology and green non-woven technology
• The Hydrofine® Products from the new hybrid line will serve both flushable MTT wipes as well as traditional baby, cosmetic and cleaning wipes
• All Hydrofine® Products are made from 100% natural, plant based components
• Professional technicians are back on site finalizing the assembly.
  Commercial production is expected in 2026
• Approximately 181M NIS invested up to September 2025 from total budget of about 200M NIS

ESG FOCUS

• Achieved Platinum rating in Maala ESG Index
• 6^th consecutive year of high-tier recognition
• Reflects our commitment to sustainable business practices and demonstrates consistent excellence and improvement in:
• Environmental stewardship
• Social responsibility
• Corporate governance

Q3.2025 SUMMARY

Improvement in our result

original currency +6%

Maintaining positive performance for Q3.2025

Operating Cash Flow

Free⁽²⁾
Cash Flow

To EBITDA

פעולות אל מול אבני דרך בתוכנית הרב שנתית

• הגדלת כושר הייצור ושיפור ניצול ההזדמנויות בשוק השקעה במחסן ומכונות בסך של 5.7 מ' יורו באירופה (בעיקר בפולין)
• השלמת הקמת קו הייצור החדש בדימונה לקראת הפעלה מסחרית בשנת 2026
• תפעול ממוקד רווחיות שיפור היעילות התפעולית ואופטימיזציה של תהליכי הרכש
  • איתנות פיננסית הורדת יחס חוב ל- EBITDA מפעילות נמשכת מ6- ל2-

THANK YOU