Cy4Gate

Mid & Small Milan 2025

December 2, 2025

Speakers

EMANUELE GALTIERI

CEO & General Manager

ALESSIA PISONI

Head of Group FP&A & Investor Relator

Cy4Gate at a Glance

360° CYBER VENDOR

Robust technology engine with proprietary solutions

UNIQUE POSITIONING

Unique positioning in the cyber space with presence in all the 3 market segments

TAILORMADE SOLUTIONS

Tailormade proprietary solutions to suit customer needs

GLOBAL PRESENCE

Extensive coverage of the domestic and foreign markets

HUGE TARGET ADDRESSABLE MARKET

Governments – Big Corporation & SME in the cyberintelligence and cybersecurity markets

TALENT AND PEOPLE "AT THE CORE"

Investments in human capital and talent development

PARTNERSHIP & M&A GROWTH

Expand our business through excellent partnership and M&A activity

LISTED ON THE STAR MARKET

Listed since June 2023 on the STAR Market of the Italian Stock Exchange

+10 Years of Growth

Group & Shareholders

100% 70.66% 77.8%

GROUP SHAREHOLDERS

Team

Enrico Peruzzi CHAIRMAN

Emanuele Galtieri CEO & General Manager

Arianna Ciccolella CFO

Board of Directors Alessandra Bucci Independent Member Alessandro Chimenton Member Roberto Ferraresi Member Domitilla Benigni Member Enrico Peruzzi Chairman Emanuele Galtieri CEO & General Manager Maria Giovanna Calloni Independent Member Cinzia Parolini Independent Member Paolo Izzo Member

Strategic and M&A Committee

Portfolio overview

CYBER INTELLIGENCE CYBER SECURITY

Cyber Intelligence products and services collect and analyze information available online and generated through the use of digital and electronic devices

QUIPO is a Decision Intelligence platform, based on

artificial intelligence technology, able to mix and match several data sources, analytical capabilities, visualization functions in order to offer a better prediction for timely and effective reaction to events and boosting the decision making processes.

Support law enforcement and int. agencies providing customizable and easy-to-use forensic intelligence & data analysis solution covering virtually any type of telecom network and electronic communications services.

Cyber security solutions and services protect clients' information systems, enabling the detection of anomalies and generating response actions

Cyber Threat Hunting, leverages behavioural AI and a proactive approach to threat detection, including security automation skills (SOAR).
Cyber Range and Hybrid Digital Twin for cyber training, prototyping, testing and validation.
XTN Cognitive Security enhanced behavioural analysis based on biometrics analytica enabling app protection, fraud management and smart auth.

Cybersecurity Products

Pool of strong High-value Cyber Security services covering the following topics:

Cyber Assessment Services
Incident Response Services
Security Consulting Services
Security Implementation Services
Training Services
Education & Awareness

Cybersecurity Services

Intelligence

Forensic

Decision Intelligence

Cyber Intelligence

Cyber Intelligence solutions collect and analyze information available online and generate added value insight thanks to AI

Decision Intelligence

Forensic Intelligence QUIPO is complete intelligence platform, based on AI technology, able to mix and match: several data sources, for timely and effective reaction to events

CONTINUOUS INTELLIGENCE

The Right Information, At The Right Time, To The Right People, In The Right Way

Support law enforcement agencies providing customizable and easy-to-use Forensic Intelligence & data analysis solution

Global opensource intelligence (Osint) market

2019 2020 2021 2023 2025 2027

Global forensic intelligence & data analysis

€ bln

Double digit growth

Source: Markets & Markets; industry reports and expert interviews

Cyber Security

Cyber security solutions protect clients' information systems, enabling the detection of anomalies and generating response actions

REAL TIME ANALYTICS

Cybersecurity Products

Real time analytics (RTA) is a security information and event management (SIEM), advanced cyber security application that enables the analyst to detect cyber security anomalies and creates conditions to rapidly strike back.

Global Cybersecurity Products¹ Market

Pool of Cyber Security services covering the following topics:

Red Teaming and Penetration Test
Compliance Assessment
Managed Detection & Response
Incident Response & Malware Analysis
Hands-on Cyber Training and Security Awareness
Cyber Resilience Design for Critical Infrastructure

Includes Penetration testing, Vulnerability management and related services Source: IDC, industry reports and expert interviews

Global Cybersecurity Services² Market

Enduring growth

Our growth Strategy: Actions

2025-2026

Defence

Deepen relationships with Italian prime contractors (ELT among others) to secure long-term, high-value programs
Participate in international consortia to capture significant opportunities arising from newly established EU Defence Funds
Capture EU and NATO-related funds (NATO, EDA, ESA) to fuel R&D and enhance technological edge

Security & Law Enforcement

Consolidate domestic market position through proprietary product evolution in cyber and decision intelligence
Expand presence in stable European regions, with Spain as a strategic "second home market" after Italy
Ensure recurring growth through long-term contracts with law enforcement agencies
Explore synergistic M&A to strengthen positioning in security and intelligence markets

Corporate

Strengthen Italian market leadership by leveraging brand recognition, dedicated salesforce, and established channels to accelerate pipeline conversion
Expand into new European geographies, mainly through partnerships and channels
Actively scout for strategic M&A opportunities to broaden technology and market footprint

Our growth Strategy: Market

Cy4Gate Group portfolio – cyber intelligence & cyber security products - perfectly fits with the following 3 fast growing markets, both in Italy and abroad:

Defence

Rising internal/external threats and network-centric military modernization driving strong demand
Global defence cyber market forecasted to grow from \$750B (2022) to \$1.35T (2030), CAGR 8%
Additional momentum from the EU's "Readiness 2030" plan

Security & Law Enforcement

Digital crime via connected devices is the #1 challenge for LEAs globally
Market growing at ~9% CAGR to 2028, with strong demand for case management, digital forensics, and AI-enabled investigations

Corporate

Digital transformation market expanding at ~20% CAGR through 2027, creating sustained double-digit growth opportunities
Cybersecurity adoption among SMEs remains underpenetrated, despite being primary targets of largescale cyberattacks.

Portfolio fit:

Decision Intelligence & AI (Quipo) for C2 platforms
▪Cyber security products and services bundle (RTA, Diateam, CTI, customization services)
Decision Intelligence & AI (Quipo & Mito) for data gathering and correlation
▪Forensic Intelligence suite
Decision Intelligence & AI (Quipo)
▪Cyber security products and services bundle (RTA, Diateam, CTI, XTN, Services) for a 360° capabilities coverage

Outlook 2025

Total Revenues, € mln

9M 2025 Highlights

The result of the first nine months of 2025 confirm the soundness of Cy4Gate's strategy and ability to grow sustainably in rapidly evolving markets such as cyber intelligence and cyber security. As of November 12, 2025, Orders acquired amounts to € 113 million and Total Backlog stands at € 100 million.

The Value of Production compared to the first nine months of 2024 grows by 37% thanks to the Forensic Intelligence and Decision Intelligence business lines. EBITDA stands at € 9.5 million (+162% vs LY) with a profitability up to 14.6% (+7.0 pp vs LY). Net Financial Position improving by approximately € 8.4 million, thanks to the positive cash generation.

The Group continues to pursue its strategy to deseasonalize the business, also thanks to the creation of an important backlog with the closing of significant contracts in terms of amount and profitability, with multiyear duration. 2025 Guidance revised upwards with Total Revenues expected to exceed € 90 million.

9M 2025 Economic Key Data

Revenues equal to € 65.1 million, + 37% compared to 30 September 2024 (€ 47.5 million), mainly driven by the excellent performance of the Forensic Intelligence and Decision intelligence segments.
EBITDA at € 9.5 million (+162.3% YoY) with an EBITDA margin equal to 14.6% (+7.0 pp vs LY)
Net Loss equal to € 8.3 million, improved by € 4.9 million compared to 9M 2024 Loss (€ 13.3 million)
R&D Costs -3% vs 9M 2024, R&D CapEx equal to € 4.3 million and R&D Expensed at € 1.5 million

^1. Including other operating revenues

^2. EBITDA: calculated by adjusting the result for the year to exclude the effect of taxes, net financial income (expenses), depreciation, amortisation, write-downs and value adjustments of financial assets, as well as charges deemed by the Group to be non-recurring and extraordinary, mainly related to M&A activities; EBITDA Margin equal to 14.6% vs 7.6% in H1 2024 (+7.0 pp)

9M 2025 Revenues Breakdown

Increased sales of licences and services in Forensic Intelligence

By business line By geographical area

Foreign sales increased by approximately 21% vs last year thanks to new contracts acquired

9M 2025 People Investment

Total personnel decreased in the nine months of 2025 by a total of 5 resources:

-3 resources in engineering
-2 resources in commercial & staff

9M 2025 Financial Key Data

Fixed Assets decreasing due to lower capitalized investments
Net Working Capital reduction due to positive collections and payments dynamics over the time
Net Financial Position improvement of € 8.4 million mainly thanks to the positive cash generation
Equity decreasing mainly due to the Net Loss, but positive Net Result in the quarter

9M 2025 NFP Bridge

Our committment for a greater sustainability

UN Global Compact & SDGs

By joining the United Nations Global Compact, CY4GATE shares, supports and applies the fundamental Ten Principles of the Global Compact in its sphere of influence and actively contributes to the achievement of the United Nations Sustainable Development Goals.

CY4GATE has included in 2025- 2029 business plan actions for greater sustainability structured around CSRD and taxonomy.

And, we will contribute to the achievement of the following 7 of the 17 goals of the 2030 Agenda for Sustainable Development.

Goal 4 Goal 8 Goal 9

To ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

To promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

To build resilient infrastructure, and to promote inclusive and sustainable industrialization and foster innovation

Goal 7 & 12 Goal 16 Goal 5

To ensure sustainable production and consumption patterns

Relating to Peace, justice and strong institutions. Defence is a crucial component of security, and security constitutes the prerequisite for peace, prosperity, international cooperation, economic and social development.

To achieve gender equality and empower all women and girls, for operational efficiency and social inclusiveness, actively promoting the implementation of the Women Empowerment Principles.

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ESG – Environmental, Social, Governance

Climate positive actions

100 trees planted to reduce 17 tons of Co2
GHG emissions intensity (Scope 1 and 2) 20.93 tCO₂/€ million*
Energy consumption MWh 1,775.69
Always looking to improve energy efficiency and we joined the project «M'illumino di meno»

Employees and community

98.4% of employees have permanent contracts
Health Plan Regulation to all permanent employees and specific rules to enhance smart working
Support to non-profit association In&Aut (Inclusion and Autism) and participation in charity events
Completed the Gender Certification Process PdR 125:2022 in the largest company of the Group

Robust governance and responsible business conduct

Double materiality assessment Anti corruption policy & Code of Ethics
Confidential and GDPR compliance
ESG-ES Rating Ethifinance 82/100 above the average of the 264 companies assessed in IT sector
AGCM legality rating by the Italian Competition Authority with 3 stars, the maximum achievable

Headquarter

Via Coponia, 8

00131 Rome - Italy

Investor Relations Officer

Alessia Pisoni

[email protected]

Investor Relations Advisor

CDR Communication