Basic Net SpA — Investor Presentation 2026

Feb 12, 2026

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Basiclet

12m2025 RESULTS CONFERENCE CALL

TURIN,12^TH FEBRUARY 2026

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EXECUTIVE SUMMARY NETWORK ACTIVITY 12m 2025

02 03

GROUP PRELIMINARY RESULTS 12m 2025

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EXECUTIVE SUMMARY

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Consolidated revenues of 12m at € 408,3 million (-0,2% YoY) before the post-acquisition contribution of Woolrich (€ 7,5 million). Adjusted EBITDA at € 54,1 million whereas NFP with banks stands at € -74,4 mln incorporating the effect of extraordinary transactions.

TOTAL AGGREGATED SALES

12m aggregated sales amounted to € 1.225,7 mln (+4,0% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +1,4% compared to 12m 2024, confirming the positive trend in Q1Q2 2026 order book vs Y-1.

EBITDA

12m EBITDA stood at € 54,1 mln (€ 61,1 mln in 2024) after the adjustment of extraordinary items (€ 4,4 mln) and € 20,5 mln in costs related to the K-Way transaction. 12m 24 benefitted from a non-recurring termination fee from a licensee (€ 6,7 mln). Q4 standalone recorded an € 14,2 mln performance as retail activity slowed down before January 2026 uprising.

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 408,3 mln (- 0,2% 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 - € 74,4 mln (compared to - € 90,8 at YE24) with the cash injection coming from K-Way transaction. During the last quarter, the Group completed the acquisition of Woolrich Europe, Sundek and Sebago France. FY cash flow incorporates purchases of own shares (€ 14,4 mln) and distribution of dividends to the shareholders (€ 7,4 mln).

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TOTAL AGGREGATED SALES (TAS) € 1.225,7 mln € 408,3 mln

EBITDA* € 54,1 mln

CONSOLIDATED REVENUES*

NFP WITH BANKS € -74,4 mln

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NETWORK ACTIVITY

12m 2025

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NETWORK ACTIVITY TOTAL AGGREGATED SALES

Aggregated Sales of Sourcing Centers (ASSC)

Aggregated Brand Sales (ASL)

€ 1.225,7 mln € 1.178,5 mln

12m2025 12m2024

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ASL – GEOGRAPHIC AREA

in € million	31.12.25	in %	31.12.24	in %	Var	Var %
Europe	731,5	80,6%	662,7	76,6%	68,8	10,4%
Asia and Oceania	42,1	4,6%	43,3	5,0%	(1,2)	-2,8%
Americas	41,1	4,5%	58,2	6,7%	(17,1)	-29,4%
Middle East and Africa	93,1	10,3%	100,5	11,6%	(7,4)	-7,4%
Total ASL	907,7	100,0%	864,7	100,0%	43,0	5,0%

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USA Ski Collection

Ski Performance Collection

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02 NETWORK ACTIVITY 12m 2025

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GROUP PRELIMINARY RESULTS
12m 2025

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CONSOLIDATED REVENUES

Consolidated real estate revenues

Net royalties from licensees

Direct sales of goods*

€ 408,3 mln € 409,2 mln

-29,8%

+9,0%

-1,7%

12m2025 12m2024

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03 GROUP PRELIMINARY RESULTS 12m 2025

QUARTERLY PERFORMANCE

Q1 24 Q2 24 Q3 24 Q4 24

ASL CONSOLIDATED REVENUES EBITDA ADJUSTED

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EBITDA WALK

€ 61,1 mln

€ 54,1 mln

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NET FINANCIAL POSITION

BasicNet

in € .000	31.12.25	in %	31.12.24	in %	Var	Var%
Sub-total net money holdings	26.765	-14,0%	(51.371)	36,2%	78.135	-152,1%
Short-term portion of m/l term loans	(13.621)		(11.214)		(2.407)	21,5%
Short-term net financial position	13.144	-6,9%	(62.585)	44,1%	75.728	29,5%
Long-term portion of m/l term loans	(87.379)		(27.922)		(59.457)	212,9%
Financial leasing payables	(177)		(284)		106	-37,5%
Sub-total loans and leasing payables	(87.556)	45,8%	(28.206)	19,9%	(59.350)	210,4%
Net financial position with banks	(74.413)	39,0%	(90.791)	64,0%	16.378	-18,0%
Right of use debts	(103.931)		(43.080)		(60.851)	141,3%
Payables for future acquisition of company shares	(14.376)		(8.081)		(6.294)	77,9%
Net financial position	(192.720)	100,0%	(141.952)	100,0%	(50.767)	35,8%

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NET FINANCIAL POSITION WALK

NFP with banks YE 2024

OPERATING CASH FLOW

PAYMENTS OF LEASES

K-WAY FRANCE EARN-OUT

ACQUISITION OF K-WAY NORMANDIE FRANCHISEE

OF WOOLRICH (SHARES + BRAND)

SUNDEK

ACQUISITION ACQUISITION OF ACQUISITION OF SEBAGO FRANCE

TREASURY SHARES

DIVIDEND PAYMENTS

RAINBOW CONTRIBUTION

EXTRAORDINARY COSTS [PAID]

NFP with banks 12m 2025

€ -74,4 mln

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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
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

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