Delignit AG

Interim Report • Oct 9, 2025

Half-year report 2025

Inhalt

Brief portrait of the Delignit Group	2
Delignit at a glance	3
Greetings from the Management Board	4
Group management report for the fiscal half-year from 1 January to 30 June 2025	5
1. General description of the company	5
2. Business and economic environment	5
3. Market environment of the Delignit Group	6
4. Organisation	7
5. Net assets, financial position and results of operation	8
6. Hedging transactions	10
7. Risk report	10
8. Strategic orientation and opportunities for the Delignit Group	10
9. Sustainability, non-financial and financial performance indicators	11
10. Supplementary report	11
11. Other information	12
12. Guidance	12
IFRS interim consolidated statement of financial position of Delignit AG (unaudited) as of 30 June 2025	14
IFRS interim consolidated statement of comprehensive income (unaudited) for the fiscal half-year from 1 January to 30 June 2025	16
IFRS consolidated cash flow statement (unaudited) for the financial half-year from 1 January to 30 June 2025	17
Accounting policies	18
Finance calendar	18
Contact	18

Brief portrait of the Delignit Group

The Delignit Group develops, manufactures and sells ecological, usually hardwood-based, materials and system solutions based on the natural, renewable and carbon-neutral raw material wood.

As a development, project and serial supplier for technology industries such as the automotive industry, aviation industry and railway industry, business activity today is focused on creating and implementing technological and customer-specific applications and systems.

These applications and systems are used in the form of specific – predominantly ready-to-install – parts, components, as well as system and module solutions. The foundation for this is provided by Delignit material, which is essentially based on beech wood. The use of Delignit materials as a substitute for applications made of non-renewable raw materials improves the environmental footprint of our customers' products and meets their increasing ecological requirements.

The Delignit Group's operating business is divided into two target markets:

Automotive target market

The Automotive target market is divided into the product groups light commercial vehicles (LCV), motor caravans and passenger cars. The business activity focuses on the manufacture and sale of cargo bay protection systems and security systems (interior) for the light commercial vehicle (LCV) class. For example, these systems are used extensively by leading manufacturers of light commercial vehicles as original equipment (OEM) and retrofit equipment (after‑sales) as cargo bay floors, walls and partition walls. Interior furnishings, such as cabinet systems, are supplied for the motor caravan sector. In the passenger car sector, for example, trunk covers are used by well‑known OEMs.

Technological Applications target market

The products of the Technological Applications target market are divided into the product groups Building Equipment, Compressed Wood, Railfloor and Special Applications. In the Building Equipment business, for example, flooring solutions for automotive manufacturing plants and for goods distribution centres as well as beech multiplex assortments are supplied via the timber trade. The Compressed Wood business consists of highly compressed and medium‑compressed materials that are used for plant construction, machine construction and transformer construction applications. The Railfloor business provides manufacturers of rail vehicles with floor system solutions for fulfilment of international fire protection and sound insulation concepts. The Special business includes various special products for applications, such as model making, musical instruments and sports equipment.t.

Delignit at a glance

Fiscal year (01/01 to 30/06)	2025 IFRS	2024 IFRS	Δ 2025 / 2024
Earnings figures	€ thousand	€ thousand	%
Revenue	33.738	36.731	-8,2 %
Total operating revenue	33.357	36.641	-9,0 %
Cost of materials	-19.402	-20.650	-6,0 %
Personnel costs	-9.211	-10.373	-11,2 %
Other operating expenses	-2.667	-3.291	-19,0 %
EBITDA	2.076	2.327	-10,8 %
EBITDA margin	6,2 %	6,4 %	-0,1 %-p.
EBIT	959	1.236	-22,4 %
EBIT margin	2,9 %	3,4 %	-0,5 %-p.
EBT	943	1.294	-27,1 %
EBT margin	2,8 %	3,5 %	-0,7 %-p.
Consolidated net income	652	894	-27,1 %
Number of shares	10.242.375	10.242.375	0,0 %
EPS in €	0,06	0,09	-27,1 %
Balance sheet figures	T€	T€	%
Non-current assets	18.706	18.441	1,4 %
Current assets Cash and cash equivalents	29.957	31.531	-5,0 %
contained therein	8.418	10.975	-23,3 %
Issued capital (share capital)	10.242	10.242	0,0 %
Other equity	26.806	26.776	0,1 %
Total equity	37.048	37.019	0,1 %
Equity ratio	76,1 %	74,1 %	2,1 %-p.
Non-current liabilities and provisions	4.375	4.469	-2,1 %
Current liabilities and provisions	7.240	8.484	-14,7 %
Total assets	48.663	49.971	-2,6 %
Net financial debt (net debt (-)/net cash (+))	4.177	6.769	-38,3 %
Employees (as at 30/06)
Germany	380	429	-11,4 %

^*Change in percentage points, differences due to commercial rounding

Greetings from the Management Board

Dear shareholders, dear employees,

as already anticipated in the annual forecast, Delignit AG continues to operate in fragile markets. Geopolitical uncertainties and repeated, unexpected impulses do not suggest any imminent easing, which makes us cautious, particularly as an automotive supplier.

In the first six months of this year, the Delignit Group generated revenue of €33.7 million after €36.7 million in the prior-year period, a decrease of 8.2%. The first half of 2025 clearly showed that virtually all European OEMs in the light commercial vehicle industry are under pressure. This dominant sales market for us recorded a 13.2% decline in registrations on a half-year basis. The caravanning industry also remains in a consolidation phase in which comparatively stable demand is met by reduced, yet still excessive, supply. The resulting shorter order horizons of our major OEM customers make reliable planning of capacities, staffing and working capital more difficult. Against this backdrop, the cost-reduction programme successfully initiated last year remains the key lever to protect Delignit AG's substance.

At the half-year, the Delignit Group achieved an EBITDA margin that was largely stable at 6.2% (prior year: 6.4%) and posted EBITDA of €2,076 thousand. This relative earnings stability despite lower revenue was only possible thanks to successful reductions in personnel and other operating expenses.

The foundation of the Delignit Group therefore remains very solid. With an equity ratio of 76.1% and net cash of €4,177 thousand, we have the strength to manage challenging times and to further develop the business model with a view to the future. We are continuing our strategic course: innovatively expanding our portfolio, opening up international markets – for example through our new company in Asia – and, although at a reduced level this year, making targeted investments in our machinery and equipment.

Overall, we are maintaining our ambitious goal of achieving the 2025 full-year guidance with moderate growth to €68 million in sales and an EBITDA margin of 6–7% despite increased uncertainties.

We would like to thank you, dear employees, for your personal commitment in challenging times and you, esteemed shareholders, for your trust in unlocking long-term growth potential based on our strong strategic positioning.

Blomberg, July 2025

Kind regards,

Markus Büscher Thorsten Duray

CEO CSO

Group management report for the fiscal half-year from 1 January to 30 June 2025

Delignit AG, Blomberg

1. General description of the company

The Delignit Group develops, produces and sells ecological materials and system solutions made of renewable raw materials under the brand name Delignit. As a recognised development, project and serial supplier of leading automotive groups, the Delignit Group is, among other things, the European market leader for supplying the automotive industry with cargo bay protection and cargo securing systems for light commercial vehicles. With a variety of applications and a vertical integration that are unique in its industry, the Delignit Group serves numerous other technology sectors, for example as a worldwide system supplier of reputable rail vehicle manufacturers. Delignit solutions have exceptional technical properties and are also used, among other things, as trunk floors in passenger cars, interior equipment for motor caravans, special floors for factory and logistics buildings, for high‑voltage transformers in the expansion of the power grid and to improve the ballistic protection of buildings. Delignit material is predominantly based on European hardwood, is carbon‑neutral over its life cycle and therefore ecologically superior to non‑regenerative materials. The use of Delignit material therefore improves the environmental performance of customer products and meets their increasing ecological requirements. The company was founded over 200 years ago. Delignit AG is listed in the Scale Segment of the Frankfurt Stock Exchange (WKN: A0MZ4B).

2. Business and economic environment

In the first half of the year, global economic development was marked by rising uncertainty. The OECD recently revised its global growth forecast for 2025 downward to 2.9% after global growth of 3.3% in the previous year. While inflation is effectively declining in key economic areas and is forecast by the IMF at 4.3% worldwide for 2025 (prior year: 5.7%), it is primarily tightening in global trade policy that is resulting in dampened growth expectations and volatility on international markets. Growth of 1.6% (prior year: 2.8%) is now forecast for the USA, 4.7% for China (prior year: 5.0%) and a slightly improved 1.0% for the EU (prior year: 0.9%).

Germany's economic development continues to fluctuate between stagnation and recession. Although gross domestic product in the first quarter of 2025 – positively influenced, among other things, by pull‑forward effects in the wake of US tariffs – grew by 0.8% in total and, in adjusted terms, by 0.4%, the European Commission recently cut its economic forecast significantly by 0.7 percentage points and now expects stagnation for the full year. The labour market also remains strained, with the unemployment rate at 6.3% (prior year: 6.0%). Although inflation eased slightly to 2.0% in June 2025, trade policy uncertainties and fiscal impulses increase the inflation risk for the remainder of the year.

The Delignit Group's specific target markets – the automotive sector and the wood‑based materials industry – largely reflect this picture. While the engineered wood industry lacks growth impulses amid stagnating economic development, key sales markets in the automotive sector also show declining trends in registration figures or key sentiment indicators.

Registration figures in the light commercial vehicle industry continued the downward trend from the second half of the previous year. Overall, registrations in the European Union fell by 13.2% in the first six months of the current year. At the same time, almost all major European OEMs reported, in the current reporting season, in some cases clearly double‑digit declines in sales figures. Passenger‑car markets worldwide showed very different regional developments: in the EU, sales fell by around 1.9% in the first half after a very weak June to around 5.7 million vehicles; in the USA, sales recently lost momentum but, at around 8.1 million vehicles, were still roughly 4.0% up; in China, strong growth of 10.7% to 10.8 million vehicles was generated, driven in particular by the expansion of e‑mobility. In this environment, the German caravanning industry is sending mixed signals. While vehicle demand remains relatively stable and second‑quarter registrations even exceeded the prior‑year quarter, half‑year registrations of around 44,000 units were nevertheless 2.2% below the previous year. Risks from persistent overcapacity, high inventories and resulting price pressure remain unchanged.

The German engineered wood industry recorded a further decline in production volumes of 3.9% in the first quarter and is not yet emerging from a multi‑year period of weakness.

3. Market environment of the Delignit Group

The Delignit Group generated revenue of €33,738 thousand in the first six months of the year and thus recorded a decline of 8.2% compared to the prior‑year period (€36,731 thousand). In a long‑term comparison from the first half of 2010, the average growth rate remains clearly positive at 6.2% but is well below the target of 10.0% per year.

Chart I: half-year revenues since 2010 in € thousand

The Automotive target market suffered from the persistent weakness in demand for now more than 12 months and generated revenue of €29,690 thousand, a significant 9.2% below the prior year. Although there was a marked increase of 17.2% versus the second half of the previous year, almost all product groups posted declines compared to the first six months of the prior year. While relative declines were similar between the heavily affected motor caravan business in recent years and the core business of the light commercial vehicle industry, in absolute terms the decline in the commercial-vehicle business weighed more heavily.

By contrast, in the Technological Applications target markets the almost-doubled revenue level of the prior year was maintained. Revenue of €4,048 thousand was achieved at the half-year (prior year: €4,028 thousand). Weaker performance in Building Equipment was offset by a significant expansion in highly compressed materials – with applications for expanding the energy infrastructure acting as a growth driver. The share of Technological Applications in consolidated revenue thus rose to 12.0% (prior year: 11.0%).

.

4. Organisation

a. Supervisory Board

The Supervisory Board of Delignit AG consists of Mr Gert‑Maria Freimuth, Mr Anton Breitkopf and Ms Bettina Hausmann. The Supervisory Board in its current composition was elected by the General Meeting on 2 June 2022. The Supervisory Board elected Mr Gert‑Maria Freimuth as its Chairman and Mr Anton Breitkopf as the Deputy Chairman. Their term in office ends after the Annual General Meeting that resolves on the formal approval of the Supervisory Board's actions for fiscal year 2026. The General Meeting on 2 June 2022 appointed Dr Constantin Mang as a substitute member.

b. Management Board

The responsibilities of the Management Board are allocated as follows: The CEO, Mr Markus Büscher, is responsible for Strategic Development, Controlling, Human Resources, Legal, Purchasing, IT, Production, R&D and Investor Relations. Mr Thorsten Duray, as CSO, is responsible for Sales and Marketing.

An update to the Rules of Procedure for the Management Board dated 13 July 2007 was adopted by way of resolution of the Supervisory Board on 25 August 2020. The Rules of Procedure define which transactions (e.g. planned investments above a set amount and acquisitions and sales of companies and land above a set amount) require the approval of the Supervisory Board. The Management Board has been appointed for a term that will expire on 30 September 2028.

According to the Articles of Association, the company is legally represented by two members of the Management Board together or by one member of the Management Board in conjunction with an authorised signatory. The members of the Management Board are also responsible for the management of all Group companies together with the local management personnel of these companies.

.

c. Shareholdings

As at the reporting date, Delignit AG held direct or indirect interests in the following companies:

Chart II: Organization chart oft he Delignit Group

d. Employees

Including temporary staff and stated as full‑time equivalents, the headcount was significantly reduced from 429 employees to 380 compared with the prior year. Core staff excluding temporary workers totalled 360 employees as at the reporting date, also a noticeable decrease (prior year: 388).

5. Net assets, financial position and results of operation

After business development slowed noticeably in the second half of the previous year, it recovered significantly in the first half of 2025. The cost‑reduction measures that took effect last year were intensified again and are showing the desired effects. Despite this necessary and successful response to the persistently strained economic environment, the Delignit Group continues to invest in a targeted manner at a cautious level in machinery and equipment.

Results of operation

The Delignit Group generated revenue of €33,738 thousand in the first half, corresponding to a decline of 8.2% compared with the prior‑year period. Taking into account other operating income and changes in inventories, total operating performance amounted to €33,357 thousand (prior year: €36,641 thousand), as inventories of semi‑finished and finished goods were slightly reduced.

Cost of materials decreased only under‑proportionately to revenue compared with the prior year, to €19,402 thousand, increasing the cost‑of‑materials ratio slightly to 58.2% (prior year: 56.4%). This was essentially due to product‑mix effects; overall, the cost‑of‑materials ratio remained within the normal range of recent years.

Personnel expenses amounted to €9,211 thousand and were therefore significantly lower than in the prior‑year period (€10,373 thousand) as the measures from staff reductions – part of the cost‑reduction programme initiated in 2024 – took effect. The personnel‑expense ratio thus decreased slightly to 27.6% (prior year: 28.3%).

Other operating expenses (OpEx) amounted to €2,667 thousand at the half‑year and were again substantially reduced by 19.0% (prior year: €3,291 thousand), lowering the OpEx ratio to 8.0%. This shows that cost‑reduction initiatives are taking effect across various expense categories.

EBITDA amounted to €2,076 thousand, slightly below the prior‑year figure of €2,327 thousand. The Delignit Group thus achieved an EBITDA margin of 6.2% (prior year: 6.4%).

Depreciation and amortisation rose slightly due to investments in the current and previous year to €1,117 thousand after €1,091 thousand in the prior year.

Overall, the Delignit Group achieved positive earnings before tax (EBT) of €943 thousand with an EBT margin of 2.8%. A profit was also generated after interest and taxes, with consolidated half‑year earnings of €652 thousand.

Net assets

Inventories totalled €16,463 thousand (prior year: €14,500 thousand) and increased significantly since 31 December, among other things due to seasonal build‑up of pre‑products for materials production. Trade receivables amounted to €3,671 thousand (prior year: €4,925 thousand) and other current assets came to €1,404 thousand (prior year: €1,130 thousand).

The Delignit Group's equity amounted to €37,048 thousand as of 30 June 2025 (prior year: €37,019 thousand); the equity ratio rose to 76.1% (prior year: 74.1%).

Chart III: Development oft he equity position since 2010 in € thousands

Financial position

Cash and cash equivalents totalled €8,418 thousand (prior year: €10,975 thousand) at the reporting date. Overall, current financial and lease liabilities amounted to €1,326 thousand and non‑current financial and lease liabilities to €2,915 thousand. Net cash remained clearly positive at €4,177 thousand, albeit below the prior‑year level mainly due to investments and working‑capital build‑up (prior year: €6,769 thousand).

In the opinion of the Management Board, the company was and is at all times able to meet its financial obligations in full.

6. Hedging transactions

Transactions within the Group are conducted exclusively in euros. This also applies to Delignit North America Inc., which only settles in foreign currency for services purchased within the USA. The newly founded Delignit Technology (Beijing) Co., Ltd., China, did not yet have any significant business activity in the reporting period, so no material transactions were executed in foreign currencies. As the balance of unhedged foreign‑currency positions in the Group has so far only been small, the Delignit Group has not yet actively hedged against other currencies.

7. Risk report

Our risk policy consists of making the best possible use of existing opportunities and only taking on the risks associated with our business activities if a corresponding return can be achieved. Risk management is therefore an integral part of all business processes and corporate decisions.

The risks to the business development of the Delignit Group are described in detail in the Group management report for the 2024 fiscal year, which can be viewed on the Delignit AG website. The assessment in this regard remains unchanged after the end of the first half of 2025.

8. Strategic orientation and opportunities for the Delignit Group

The corporate strategy continues to be based on megatrends in the technological target markets. In particular, the Delignit Group is aware of two ecological trends:

• the endeavour to use renewable raw materials, as far as these materials are technologically competitive, as a substitute for finite products; and
• undiminished pressure to develop system solutions that are as weight‑optimised as possible.

The trend in forestry in Europe and Germany, prioritising mixed forests and fully deciduous forests over coniferous forests, is also viewed as an opportunity in the medium term as it offers a means of securing the supply of round wood.

Furthermore, the Delignit Group is increasingly focused on providing technological answers to urgent user questions, partly resulting from new legislation (e.g. CO₂ fleet consumption in the automotive industry), and developing appropriate system solutions. The Delignit Group is therefore actively continuing this successful strategy of combining materials, application and system expertise. A comprehensive and detailed presentation of the corporate strategy is described in detail in the Group management report for the 2024 fiscal year, which can be viewed on the Delignit AG website.

9. Sustainability, non-financial and financial performance indicators

Sustainability is a central business issue. As its main source of raw material is renewable wood, the Delignit Group fulfils both the ecological interpretation of the term and the prospective protection of the resource base to a great extent. To additionally reinforce the future viability of the company, work is constantly being done to improve its economic, ecological and social performance:

• Innovations and new technologies are essential components of the strategic evolution of the Group. Work on this is undertaken constantly as part of an existing continuous improvement process.
• Employees are qualified through the intensive training of young people, a comprehensive programme of continuing professional development in all Group areas, high standards of occupational health and safety and the targeted promotion of future managers.
• The Management Board has stipulated environmental and climate protection as a key corporate objective. In addition to the PEFC standards already implemented, for example, there is an energy management system certified in accordance with DIN ISO 50001 and an environmental management system certified in accordance with DIN ISO 14001.
• As a forward‑looking employer, the Delignit Group is aware of its social, ethical and ecological responsibility. The Code of Conduct, which can be accessed on the Delignit AG website, covers the company's key values.
• Sales revenue and the EBITDA margin are used as key financial indicators for controlling and measuring the success of the Delignit Group.

Non‑financial performance indicators are not used for direct operational corporate management.

10. Supplementary report

No events of particular significance occurred after the end of the reporting period.

11. Other information

The subscribed equity of €10,242,375.00 is divided into 10,242,375 bearer shares (no‑par value shares), each with a notional interest of €1.00 in the company's share capital.

The Supervisory Board determines the number and appointment of members of the Management Board, concludes employment contracts and revokes appointments. The Supervisory Board is also authorised to make amendments to the Articles of Association that only affect the wording.

In accordance with the resolution of the Annual General Meeting on 6 June 2024, the company's Management Board is authorised, with the approval of the Supervisory Board, to increase the company's share capital on one or more occasions until 5 June 2029 by up to a total of €5,121,187.00 in return for cash and/or non‑cash contributions by issuing up to 5,121,187 new no‑par value bearer shares (Authorised Capital 2024).

Furthermore, the Management Board was authorised at the Annual General Meeting on 6 June 2024, with the approval of the Supervisory Board, to issue once or several times, until 5 June 2029, convertible and/or warrant bonds or profit participation rights with or without conversion or subscription rights in a total nominal amount of up to €102,423,750.00 and to grant the creditors of these instruments conversion rights to new bearer shares of Delignit AG with a proportionate share of the share capital of up to a total of €5,121,187.00, in accordance with the respective terms and conditions of the instruments (Contingent Capital WSV 2024).

By resolution of the Annual General Meeting on 6 June 2024, the company was also authorised, pursuant to § 71 (1) no. 8 AktG, for the period until 5 June 2029, to acquire and sell treasury shares of up to 10.0% of the share capital at the time of the resolution, while complying with the principle of equal treatment (§ 53a AktG). The authorisation may be exercised in whole or in part, once or several times. The acquisition may also be carried out by dependent Group companies of the company or by third parties for the account of the company. The authorisation must not be used for the purpose of trading in treasury shares.

No treasury shares were acquired up to 30 June of the current fiscal year.

12. Guidance

The business assessment made at the beginning of the year is confirmed by the financial figures for the first half of the year. With €33.7 million in revenue (prior year: €36.7 million) and an EBITDA margin of 6.2%, business development is within the range of the guidance. Despite the renewed decline in revenue compared to the prior-year period, the EBITDA margin was kept nearly stable thanks to the measures implemented.

From a macroeconomic perspective, recent tariff decisions represent a negative impulse in trade policy, the effects of which are yet to materialise. Although a trend reversal in key sentiment indicators is not yet visible in the short term despite a certain bottoming-out, falling interest rates combined with fiscal measures could stimulate the investment climate and consumption. The ifo business climate index showed an improving trend for

the fifth consecutive time in July, especially with regard to business expectations, after the climate hit a low in February.

In line with the current market trend, the Delignit Group anticipates a persistently strained call-off situation for OEM series supply contracts, particularly over the remainder of the summer. To achieve the revenue guidance, both the motor caravan segment and the light commercial vehicle market will need to stabilise significantly in late summer. The call-offs of key OEMs currently indicate such stabilisation at least in the commercial-vehicle segment. The positive business development in Technological Applications is expected to continue to support this stabilisation, for which favourable conditions are seen.

On the basis of these premises, the Management Board continues to aim for around €68 million in sales with an EBITDA margin of 6–7%. However, it should be noted that any forecast is subject to a high degree of uncertainty due to the extraordinary volatility of exogenous factors described above.

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Blomberg, 2025 July

Markus Büscher Thorsten Duray

CEO CSO

IFRS interim consolidated statement of financial position of Delignit AG (unaudited) as of 30 June 2025

A S S E T S	30.06.2025	30.06.2024
	€ thousand	€ thousand
A. Current assets
1. Inventories	16.463	14.500
2. Trade receivables	3.671	4.925
3. Other current receivables/assets	1.404	1.130
4. Cash and cash equivalents	8.418	10.975
Current assets	29.957	31.531
B. Non-current assets
1. Goodwill	2.178	2.178
2. Other intangible assets	713	972
3. Property, plant and equipment	15.170	14.658
4. Other non-current financial assets	332	342
5. Deferred tax assets	313	291
Non-current assets	18.706	18.441
Total	48.663	49.971

E Q U I T Y A N D L I A B I L I T I E S	30.06.2025 € thousand	30.06.2024 € thousand
A. Current liabilities
1. Other current provisions	1.740	3.009
2. Current financial liabilities	478	742
3. Trade payables	3.365	2.891
4. Advance payments	0	50
5. Other current liabilities	1.658	1.793
Current liabilities and provisions	7.240	8.484
B. Non-current liabilities
1. Provisions for pensions	766	768
2. Other non-current provisions	130	123
3. Deferred tax liabilities	525	701
4. Non-current financial liabilities	1.135	1.543
5. Other non-current liabilities	1.818	1.334
Langfristige Rückstellungen und Verbindlichkeiten	4.375	4.469
C. Equity
1. Issued capital	10.242	10.242
2. Capital reserves	6.562	6.562
3. Retained earnings	6.318	6.318
4. Amounts recognised directly in equity	-643	-578
5. Currency translation reserve	-159	97
6. Profit carryforward	14.728	14.377
Equity	37.048	37.019
Total	48.663	49.971

IFRS interim consolidated statement of comprehensive income (unaudited) for the fiscal half-year from 1 January to 30 June 2025 of Delignit AG

		2025	2024
		01.01 30.06.	01.01 30.06.
		€ thousand	€ thousand
	1. Revenue	33.738	36.731
	2. Other operating income	45	93
	3. Changes in inventories	-426	-182
	4. Cost of materials	-19.402	-20.650
	5. Staff costs	-9.211	-10.373
6.	Amortisation and depreciation on intangible
	assets and property, plant and equipment	-1.117	-1.091
	7. Other operating expenses	-2.667	-3.291
	8. Earnings before interest and taxes (EBIT)	959	1.236
	9. Interest expenses	-97	-80
	10. Interest income	80	137
	11. Financial result	17	58
	12. Earnings before tax (EBT)	943	1.294
	13. Income taxes	-271	-370
	14. Other taxes	-20	-30
	15. Consolidated net income	652	894
	16. Earnings per share in €	0,06	0,09

IFRS consolidated cash flow statement (unaudited) for the financial half-year from 1 January to 30 June 2025 of Delignit AG

	2025	2024
	01.01 30.06.	01.01 30.06.
	€ thousand	€ thousand
1. Cash flow from operating activities
Earnings before interest and taxes (EBIT)	959	1.236
Depreciation and amortisation on fixed assets	1.117	1.091
Loss/gain on the disposal of fixed assets	0	-26
Decrease (-)/increase (+) in provisions	65	1
Other non-cash income and expenses	-323	77
Subtotal	1.818	2.380
Change in working capital: Decrease (+)/increase (-) in inventories, trade receivables and other assets	-3.832	-58
Decrease (-)/increase (+) in trade payables and other liabilities	593	1.794
Subtotal	-3.239	1.735
Income tax payments	-346	-624
Cash flow from operating activities	-1.767	3.491
2. Cash flow from investing activities
Investments (-) in property, plant and equipment	-616	-1.829
Cash flow from investing activities	-616	-1.829
3. Cash flow from financing activities
Payments for dividends	-512	-819
Receipts from financial loans entered into	47	255
Deposits for the assumption of lease liabilities	1.111	0
Payments for the repayment of financial loans	-262	-220
Payments for the principal portion of lease liabilities	-393	-326
Interest payments	-17	58
Cash flow from financing activities	-25	-1.053
Cash and cash equivalents at the end of the period
Change in cash and cash equivalents (total of individual cash flows)	-2.408	609
Cash and cash equivalents at the beginning of the reporting period	10.835	10.360
Change in cash and cash equivalents due to changes in exchange
rates	-9	4
Cash and cash equivalents at the end of the reporting period	8.418	10.975
Composition of cash and cash equivalents
Cash and bank balances	8.418	10.975
Cash and cash equivalents at the end of the period	8.418	10.975

Accounting policies Accounting policies

The condensed consolidated half-year financial statements as of 30 June 2025 have been prepared voluntarily in accordance with the International Financial Reporting Standards (IFRS) of the International Accounting Standard Board (IASB) as applicable in the EU as at the reporting date.

The accounting and valuation methods applied correspond to those as of 31 December 2024. The half-year financial statements of the companies included in the consolidated financial statements of Delignit AG are based on uniform accounting and valuation principles. They are prepared as at the reporting date of these consolidated financial statements. The income statement is prepared using the nature of expense method.

Finance calendar

Annual report 2024 – 29 April 2025

General meeting – 12 June 2025

Hamburger Investorentage – 27 August 2025

End of fiscal year – 31 December 2025

Contact

Investor Relations

Delignit AG Königswinkel 2-6 D-32825 Blomberg Tel.: +49-5235-966-100 Fax: +49-5235-966-105

eMail: info@delignit.com

www.delignit.com