Polytec Holding AG

Interim Report • Aug 14, 2025

KEY FIGURES

Key figures H1	Unit	H1 2025	H1 2024	Change
Sales revenues	EUR m	357.6	349.6	2.3%
EBITDA	EUR m	21.1	19.1	10.3%
EBITDA margin (EBITDA/sales revenues)	%	5.9%	5.5%	0.4%-pts.
EBIT	EUR m	5.6	3.5	62.0%
EBIT margin (EBIT/sales revenues)	%	1.6%	1.0%	0.6%-pts.
Earnings after tax	EUR m	1.4	–2.7	150.4%
Earnings per share	EUR	0.06	–0.11	154.5%
Investments in fixed assets	EUR m	10.6	12.0	–11.5%
Equity ratio (equity/balance sheet total)	%	41.9%	41.0%	0.9%-pts.
Net working capital (NWC)	EUR m	42.6	69.5	–38.8%
Average capital employed	EUR m	267.1	306.7	–12.9%
Net debt (+)/assets (-)	EUR m	52.1	71.1	–26.7%
Employees (incl. leasing personnel) end of period	FTE	3,606	3,906	–7.7%

Key figures quarterly	Unit	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Sales revenues	EUR m	177.3	157.5	170.7	181.4	176.2
EBITDA	EUR m	10.0	5.7	10.8	10.8	10.3
EBITDA margin (EBITDA/ sales revenues)	%	5.6%	3.6%	6.3%	6.0%	5.8%
EBIT	EUR m	2.0	–2.0	2.4	3.2	2.4
EBIT margin (EBIT/sales revenues)	%	1.1%	–1.3%	1.4%	1.8%	1.4%
Earnings after tax	EUR m	–1.3	–4.6	0.5	1.0	0.4
Earnings per share	EUR	–0.04	–0.21	0.03	0.04	0.01
Investments in fixed assets	EUR m	6.9	5.3	7.9	4.3	6.3
Equity ratio (equity/balance sheet total)	%	41.0%	40.1%	41.7%	41.8%	41.9%
Net working capital (NWC)	EUR m	69.5	64.6	23.0	64.2	42.6
Average capital employed	EUR m	306.7	302.9	288.1	279.2	267.1
Net debt (+)/assets (-)	EUR m	71.1	68.5	42.4	74.0	52.1
Employees (incl. leasing personnel) end of period	FTE	3,906	3,865	3,678	3,709	3,606

HALF YEAR FINANCIAL REPORT H1 2025

This half-year financial report has not been subject to an audit or a review.

KEY FIGURES	2
HALF YEAR FINANCIAL REPORT H1 2025	3
GROUP MANAGEMENT REPORT H1 2025	4
AUTOMOTIVE INDUSTRY DEVELOPMENT	4
GROUP RESULTS	5
ASSETS AND FINANCIAL STATUS	7
EMPLOYEES	8
RISKS AND UNCERTAINTIES	8
MATERIAL TRANSACTIONS WITH RELATED PARTIES AND COMPANIES	9
MATERIAL EVENTS AFTER THE REPORTING PERIOD	9
OUTLOOK 2025 FINANCIAL YEAR	9
CONSOLIDATED FINANCIAL STATEMENT ACCORDING TO IAS 34	10
CONSOLIDATED INCOME STATEMENT	10
CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025	11
CONSOLIDATED CASH FLOW STATEMENT	12
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	13
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME	13
SELECTED NOTES	14
SHARE & INVESTOR RELATIONS	15
POLYTEC SHARE PRICE DEVELOPMENT	15
SHARE KEY FIGURES	15
ANNUAL GENERAL MEETING 2025	16
RESEARCH COVERAGE	16
STATEMENT OF ALL LEGAL REPRESENTATIVES	17

GROUP MANAGEMENT REPORT H1 2025

AUTOMOTIVE INDUSTRY DEVELOPMENT

The following tables show the figures for new vehicle registrations in the period from January to June 2025, as compared to the same period of the previous year:

REGISTRATIONS OF NEW CARS IN THE MAJOR INTERNATIONAL MARKETS

in units	H1 2025	Share	H1 2024	Share	Change
China	10,891,900	42.2%	9,830,200	40.1%	10.8%
USA	8,094,900	31.4%	7,791,000	31.8%	3.9%
Europe (EU, EFTA and UK)	6,815,320	26.4%	6,879,158	28.1%	–0.9%
Total three major markets	25,802,120	100%	24,500,358	100%	5.3%
Other selected countries
India	2,174,400		2,161,500		0.6%
Japan	1,989,400		1,800,100		10.5%
Brasil	1,132,700		1,078,300		5.0%
Mexico	708,200		709,600		–0.2%

REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK)

in units	H1 2025	Share	H1 2024	Share	Change
Germany	1,402,789	20.6%	1,471,641	21.4%	–4.7%
United Kingdom	1,042,219	15.3%	1,006,763	14.6%	3.5%
France	842,204	12.4%	914,889	13.3%	–7.9%
Italy	855,028	12.5%	886,631	12.9%	–3.6%
Spain	609,801	8.9%	535,296	7.8%	13.9%
Other European countries	2,063,279	30.3%	2,063,938	30.0%	0.0%
Europe (EU, EFTA and UK)	6,815,320	100%	6,879,158	100%	–0.9%

REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK) – BY DRIVE TECHNOLOGY

in units	H1 2025	Share	H1 2024	Share	Change
Petrol-driven cars	1,902,166	27.9%	2,428,407	35.3%	–21.7%
Diesel-driven cars	561,500	8.2%	774,040	11.2%	–27.5%
Hybrid electric vehicles (HEV)	2,384,298	35.0%	2,055,286	29.9%	16.0%
Plug-in hybrid electric vehicles (PHEV)	591,572	8.7%	488,125	7.1%	21.2%
Battery electric vehicles (BEV)	1,190,346	17.5%	953,309	13.9%	24.9%
Vehicles with other drive technology	185,438	2.7%	179,991	2.6%	3.0%
Europe (EU, EFTA and UK)	6,815,320	100%	6,879,158	100%	–0.9%

REGISTRATIONS OF NEW COMMERCIAL VEHICLES IN EUROPE (EU, EFTA AND UK)

in units	H1 2025	Share	H1 2024	Share	Change
Light commercial vehicles <3.5 t	912,596	81.4%	1,051,250	81.4%	–13.2%
Medium commercial vehicles >3.5 t to 16 t	32,524	2.9%	39,683	3.1%	–18.0%
Heavy commercial vehicles >16 t	151,406	13.5%	176,490	13.7%	–14.2%
Medium and heavy buses & coaches >3.5 t	24,695	2.2%	23,723	1.8%	4.1%
Europe (EU, EFTA and UK)	1,121,221	100%	1,291,146	100%	–13.2%

Sources: German Automotive Industry Association (VDA), European Automobile Manufacturers Association (ACEA)

GROUP RESULTS

SALES REVENUES

The POLYTEC GROUP's consolidated sales revenue in the first half of 2025 amounted to EUR 357.6 million, up 2.3% on the same period of the previous year (H1 2024: EUR 349.6 million). The increase is mainly due to higher tooling and other engineering sales revenues.

SALES REVENUES BY MARKET AREA

in EUR m	Q2 2025	Share	Q2 2024	H1 2025	Share	H1 2024
Passenger Cars & Light Commercial Vehicles	133.3	75.7%	128.9	270.3	75.6%	255.8
Commercial Vehicles	26.8	15.2%	24.7	50.4	14.1%	50.5
Smart Plastics & Industrial Applications	16.1	9.1%	23.7	36.9	10.3%	43.3
POLYTEC GROUP	176.2	100%	177.3	357.6	100%	349.6

In the Passenger Cars & Light Commercial Vehicles market area, the POLYTEC GROUP's strongest revenue area with 75.6% (H1 2024: 73.2%), sales revenues of EUR 270.3 million were generated in the months from January to June 2025, up 5.7% or EUR 14.5 million on the previous year's figure (H1 2024: EUR 255.8 million).

Sales revenue in the Commercial Vehicles market area (share 14.1%; H1 2024: 14.4%) was at the previous year's level of EUR 50.4 million, EUR 50.5 million.

Sales revenues in the Smart Plastics & Industrial Applications market area declined by 14.8% or EUR 6.4 million to EUR 36.9 million in the first half of 2025 compared to the high level of the previous year (H1 2024: EUR 43.3 million). The share of this market area in the POLYTEC GROUP's consolidated sales decreased by 2.1 percentage points to 10.3% compared to the first half of 2024.

SALES REVENUES BY CATEGORY

in EUR m	Q2 2025	Share	Q2 2024	H1 2025	Share	H1 2024
Parts and other sales revenues	152.8	86.7%	159.1	312.1	87.3%	316.5
Tooling and other engineering sales revenues	23.4	13.3%	18.2	45.5	12.7%	33.1
POLYTEC GROUP	176.2	100%	177.3	357.6	100%	349.6

In terms of sales revenues in the serial production category, the POLYTEC GROUP recorded a slight decline of 1.4% or EUR 4.4 million to EUR 312.1 million (H1 2024: EUR 316.5 million) compared to the same period of the previous year. In contrast, tooling and other engineering sales revenues in the first half of 2025 increased significantly by 37.5% or EUR 12.4 million to EUR 45.5 million compared to the same period of the previous year (H1 2024: EUR 33.1 million). This revenue category is subject to cyclical fluctuations.

SALES REVENUES BY REGION

in EUR m	Q2 2025	Share	Q2 2024	H1 2025	Share	H1 2024
Austria	0.4	0.2%	0.3	2.5	0.7%	1.7
Germany	103.9	59.0%	108.9	206.4	57.7%	206.8
United Kingdom	27.4	15.6%	18.5	53.4	14.9%	36.1
Other EU countries	36.1	20.5%	40.6	77.9	21.8%	86.1
Other countries	8.4	4.7%	9.0	17.4	4.9%	18.9
POLYTEC GROUP	176.2	100%	177.3	357.6	100%	349.6

The breakdown of sales by region is determined on the basis of customer locations.

GROUP EARNINGS FIGURES

	Unit	Q2 2025	Q2 2024	H1 2025	H1 2024
Sales revenues	EUR m	176.2	177.3	357.6	349.6
EBITDA	EUR m	10.3	10.0	21.1	19.1
EBITDA margin (EBITDA/sales revenues)	%	5.8%	5.6%	5.9%	5.5%
EBIT	EUR m	2.4	2.0	5.6	3.5
EBIT margin (EBIT/sales revenues)	%	1.4%	1.1%	1.6%	1.0%
Earnings after tax	EUR m	0.4	–1.3	1.4	–2.7
Average capital employed	EUR m	267.1	306.7	267.1	306.7
Earnings per share	EUR	0.01	–0.04	0.06	–0.11

MATERIAL AND PERSONNEL EXPENSES

In the first six months of 2025, the POLYTEC GROUP's material expenses increased by 5.8% or EUR 10.3 million from EUR 179.1 million to EUR 189.4 million compared to the same period of the previous year. The increase is mainly due to the higher tooling and other engineering business. The cost of material ratio increased by 1.9 percentage points to 53.0% (H1 2024: 51.1%).

EBITDA AND EBIT

The EBITDA of the POLYTEC GROUP increased by 10.3% in the first six months of 2025 compared to the same period of the previous year, from EUR 19.1 million to EUR 21.1 million. The EBITDA margin increased by 0.4 percentage points year-on-year to 5.9%.

FINANCIAL AND GROUP RESULT

The financial result in the first half of 2025 amounted to minus EUR 4.1 million (H1 2024: minus EUR 5.8 million). Consolidated earnings after tax for the first half of The Group's personnel expenses decreased by 2.5% or EUR 3.0 million to EUR 118.7 million in the first half of 2025 compared to the same period of the previous year. In connection with the planned closure of the Weierbach plant in Germany and further staff reductions, negative one-off effects of EUR 3.0 million are included in the first half of 2025. The POLYTEC GROUP's workforce ratio decreased by 1.6 percentage points year-on-year to 33.2% (H1 2024: 34.8%).

Depreciation and amortisation of EUR 15.5 million in the first half of 2025 was at the previous year's level (H1 2024: EUR 15.7 million).

Earnings before interest and taxes (EBIT) rose from EUR 3.5 million in the first half of 2024 to EUR 5.6 million in the first half of 2025. The EBIT margin increased by 0.6 percentage points from 1.0% to 1.6% compared to the same period of the previous year.

2025 amounted to EUR 1.4 million (H1 2024: minus EUR 2.7 million). This corresponds to earnings per share of EUR 0.06 (H1 2024: minus EUR 0.11).

ASSETS AND FINANCIAL STATUS

INVESTMENTS

in EUR m	Q2 2025	Q2 2024	H1 2025	H1 2024
Investments in fixed assets	6.3	6.9	10.6	12.0

Investments in fixed assets amounted to EUR 10.6 million in the first half of 2025 (H1 2024: EUR 12.0 million), which was below the level of the previous year and that of current depreciation.

GROUP KEY BALANCE SHEET AND FINANCIAL FIGURES

	Unit	30.06.2025	31.12.2024	Change
Equity	EUR m	209.8	211.7	–0.9%
Equity ratio (equity/balance sheet total)	%	41.9%	41.7%	0.2%-pts.
Balance sheet total	EUR m	501.0	507.5	–1.3%
Net working capital 1)	EUR m	42.6	23.0	85.1%
Net working capital/sales revenues	%	6.2%	3.4%	2.8%-pts.

1) Net working capital = current non-financial assets minus current non-financial liabilities

As at 30 June 2025, the Group's balance sheet total decreased by EUR 6.4 million to EUR 501.0 million compared to 31 December 2024. The equity ratio was 41.9% and was thus 0.2 percentage points higher than on the last annual balance sheet date and has been at a solid level for years.

Net working capital increased by 85.1% or EUR 19.6 million to EUR 42.6 million compared to the balance sheet date of 31 December 2024. This very significant increase is mainly due to the project volume and the planned inventory buildup for a customer.

	Unit	30.06.2025	31.12.2024	Change
Net debt (+)/assets (-)	EUR m	52.1	42.4	23.1%
Net debt (+)/assets (-)/EBITDA	Years	1.39	1.19	16.8%
Gearing (net debt (+)/assets (-)/equity)	-	0.25	0.20	25.0%

Net debt amounted to EUR 52.1 million as at 30 June 2025, an increase of EUR 9.8 million compared to the balance sheet date of 31 December 2024 (EUR 42.4 million), mainly due to increased working capital. The key figure for the fictitious debt repayment period was 1.39 years.

The gearing ratio was 0.25. As at 30 June 2025, the POLYTEC GROUP disposed over cash and cash equivalents of EUR 42.0 million (H1 2024: EUR 46.6 million).

EMPLOYEES

Employees (incl. leasing personnel)		End of period		Average of period
Full-time equivalents (FTE)	30.06.2025	30.06.2024	Change	H1 2025	H1 2024	Change
Austria	505	530	–25	516	517	–1
Germany	1,770	2,001	–231	1,800	2,013	–213
United Kingdom	348	358	–10	362	374	–12
Other EU countries	865	888	–23	871	903	–32
Other countries	118	129	–11	125	133	–8
POLYTEC GROUP	3,606	3,906	–300	3,674	3,940	–266

The average number of employees in the Group (including leasing personnel) decreased by 266 employees (full-time equivalents) or 6.8% to 3,674 FTE compared to the same period of the previous year. The average share of leasing personnel was 8.5% (H1 2024: 13.3%).

As at 30 June 2025, the POLYTEC GROUP had a total of 3,606 employees. Compared with the previous year's reporting date (3,906 FTE), the number of employees was reduced by a total of 300 FTE, or 7.7%.

RISKS AND UNCERTAINTIES

Within the scope of its business activities, the POLYTEC GROUP is subject to a variety of risks, which relate directly to entrepreneurial transactions. Risk management is therefore an integral part of POLYTEC GROUP's strategy and all of its business processes.

The automotive industry will continue to face profound challenges and changes in 2025. New geopolitical and economic uncertainties, such as the discussion about US tariffs, can be a significant burden. Individual OEMs are already examining whether a partial relocation of production from Europe to the USA could alleviate economic sanctions. At the same time, it is difficult to pass on the additional costs to consumers, as the sales market is already weakened due to high financing costs.

The price war and market displacement are increasingly noticeable and pose significant challenges for European companies in particular in the medium and long term. Suppliers from outside the EU, especially from China, are massively pushing into the European market and even want to produce in Europe to avoid tariffs.

The production capacities built up in Europe in recent decades have long since ceased to be economically proportionate to the current or expected future demand for vehicles.

The suppliers who are closely linked to the OEMs, and often dependent on them, suffer transitively or are exposed to the negative effects even more intensively due to their significantly weaker economic situation. Since 2024, profit warnings as well as announcements of plant closures and staff layoffs piled up. Insolvencies in the automotive supply industry can also be seen.

Despite challenges such as the reduction of government subsidy programs to promote the purchase of e-cars and rising production costs, demand for electric vehicles is expected to continue to grow. This development can offer potential, especially for innovative suppliers who are committed to electromobility and sustainable technologies at an early stage.

At present, it is thus impossible to fully assess how significant the influence of the aforementioned risks and uncertainties will be upon the sales and earnings development of the POLYTEC GROUP in the future and whether any further risks and uncertainties will arise. Whatever the case, the management is monitoring developments closely and has initiated numerous measures to keep the financial impact upon the POLYTEC GROUP to a minimum.

With regard to the detailed risk reporting, please also refer to the explanations under items 3. and 4. in the Group Management Report as well as under G. 2 in the notes to the consolidated financial statements published in the Annual Financial Report 2024.

MATERIAL TRANSACTIONS WITH RELATED PARTIES AND COMPANIES

As compared to 31 December 2024, there were no material changes regarding business transactions with related parties and companies, and therefore in this regard reference should be made to the notes contained in the consolidated financial statements of POLYTEC Holding AG as at 31 December 2024.

MATERIAL EVENTS AFTER THE REPORTING PERIOD

On 7 July 2025 at 2:25 p.m., POLYTEC Holding AG disclosed the following inside information according to Article 17 MAR:

"Peter Bernscher has informed the Nomination Committee of the Supervisory Board today of his intention to leave the company due to an attractive external offer. As a result, Peter Bernscher and the Supervisory Board of POLYTEC Holding AG have mutually agreed that he will step down from his position as Chief Commercial Officer of the company effective today. The Supervisory Board would like to thank Peter Bernscher for his strong personal commitment in a market environment that has been extremely challenging for years. Peter Bernscher's responsibilities will be distributed among the remaining members of the Management Board. A replacement is not currently planned. The appointments of Markus Huemer (CEO) and Markus Mühlböck (CFO), which were originally set to expire at the end of 2026, have been extended early until 2029."

At the Supervisory Board meeting of POLYTEC Holding AG held on 7 July 2025, the Supervisory Board was also informed that the Weierbach plant in Idar-Oberstein, Germany, is to be closed at the end of April 2026. Significant declines in call-offs, the discontinuation of key customer projects and an increasingly difficult to calculate market development in the "Painted Exterior" product area have prompted the management to find an economically responsible solution. For the approximately 250 affected employees, a corresponding social plan with a reconciliation of interests was negotiated in close coordination with the employee representatives. The Supervisory Board has approved the closure of the plant.

Beyond this, no further events of material significance occurred after the 30 June 2025.

OUTLOOK 2025 FINANCIAL YEAR

From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is targeting an EBIT margin of around 2% to 3%.

The measures introduced in previous periods to increase operational efficiency are showing improvements and are expected to take full effect in the course of the year.

In order to optimise the strategic orientation and future economic performance of the POLYTEC GROUP, work is being done to adapt the current production and service portfolio. As a result, the earnings situation is expected to improve further in the medium term.

Due to the significant reduction in net debt and improvement in the financial result in conjunction with an assumed further decline in interest rates, a positive result after tax is targeted for the 2025 financial year.

However, achieving this outlook is subject to uncertainty. The automotive industry continues to be characterised by a volatile market environment, uncertain development of demand and the faltering transformation towards e-mobility.

The POLYTEC GROUP has a strong market position within and outside the automotive sector and is confident for the future.

CONSOLIDATED FINANCIAL STATEMENT ACCORDING TO IAS 34

This half-year financial report has not been subject to an audit or a review.

CONSOLIDATED INCOME STATEMENT

for the period from 1 January to 30 June 2025 and from 1 April to 30 June 2025 with comparative figures from the previous year

in EUR k		01.01. - 30.06.	01.04. - 30.06.
	2025	2024	2025	2024
Sales revenues	357,627	349,617	176,179	177,338
Other operating income	3,047	2,648	1,405	964
Changes in inventory of finished and unfinished goods	–144	280	–344	–71
Other own work capitalised	262	93	131	64
Expenses for materials and services received	–189,390	–179,072	–90,641	–90,777
Personnel expenses	–118,731	–121,758	–60,104	–60,931
Other operating expenses	–31,563	–31,946	–16,338	–15,893
Deconsolidation result	0	–723	0	–723
Earnings before interest, taxes and depreciation (EBITDA)	21,108	19,139	10,287	9,971
Depreciation	–15,493	–15,672	–7,860	–7,937
Earnings before interest and taxes = operating result (EBIT)	5,616	3,467	2,428	2,034
Interest expense	–4,312	–6,125	–2,178	–3,429
Interest and other financial revenue	189	303	144	217
Financial result	–4,124	–5,822	–2,033	–3,213
Earnings before tax	1,492	–2,355	394	–1,178
Income tax expenses	–123	–364	–30	–92
Earnings after tax	1,369	–2,718	364	–1,270
thereof result of non-controlling interests	113	–370	57	–425
thereof result of the parent company	1,256	–2,348	307	–846
undiluted earnings per share in EUR	0.06	–0.11	0.01	–0.04

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025

with comparative figures from the last balance sheet as at 31 December 2024

ASSETS

in EUR k	30.06.2025	31.12.2024
A. Non-current assets
I. Intangible assets	5,900	6,148
II. Goodwill	0	0
III. Tangible assets	221,926	225,877
IV. Non-current financial assets	113	88
V. Contract assets from contracts with customers	27,493	27,250
VI. Deferred tax assets	13,881	12,698
	269,314	272,060
B. Current assets
I. Inventories	40,614	39,114
II. Trade accounts receivable	61,064	54,299
III. Contract assets from contracts with customers	69,601	58,905
IV. Other current non-financial receivables and assets	8,755	5,977
V. Income tax receivables	1,758	2,325
VI. Other current financial assets	7,961	8,795
VII. Cash and cash equivalents	41,978	66,013
	231,730	235,427
	501,044	507,488

EQUITY AND LIABILITIES

in EUR k	30.06.2025	31.12.2024
A. Shareholders' equity
I. Share capital	22,330	22,330
II. Capital reserves	37,563	37,563
III. Treasury stock	–1,855	–1,855
IV. Retained earnings	159,603	158,347
V. Other reserves	–9,786	–6,519
	207,854	209,867
VI. Non-controlling interests	1,988	1,875
	209,842	211,742
B. Non-current liabilities
I. Non-current, interest-bearing liabilities	78,506	91,265
II. Provision for deferred taxes	953	952
III. Provisions for employees	21,457	21,554
	100,916	113,771
C. Current liabilities
I. Current interest-bearing liabilities	54,194	55,351
II. Liabilities on income taxes	770	517
III. Advance payments received on orders	182	179
IV. Trade accounts payable	63,591	63,389
V. Contract liabilities from contracts with customers	40	1,669
VI. Other current liabilities	55,994	48,335
VII. Current provisions	15,516	12,536
	190,286	181,975
	501,044	507,488

CONSOLIDATED CASH FLOW STATEMENT

for the period from 1 January to 30 June 2025 with comparative figures from the previous year

in EUR k		01.01. - 30.06.
		2025	2024
	Earnings before tax	1,492	–2,355
+	Depreciation on non-current assets	15,493	15,672
-	Non-cash income from deconsolidation	0	723
-(+)	Interest result	4,124	5,822
+(-)	Other non-cash expenses and income	–3,307	1,933
+(-)	Increase (decrease) in non-current provisions for employees	–219	78
-(+)	Profit (loss) from fixed asset disposals	–70	–753
-(+)	Increase (decrease) in inventories	–2,303	–495
-(+)	Increase (decrease) in trade and other receivables and contract assets	–20,496	–18,855
+(-)	Increase (decrease) in trade accounts payables, other liabilities and contract liabilities	7,497	7,182
+(-)	Increase (decrease) in current provisions	3,027	6,616
=	Consolidated cash flow from current activities	5,237	15,569
-	Taxes paid	–469	–536
=	Consolidated cash flow from operating activities	4,768	15,033
-	Investments in fixed assets	–10,616	–12,002
+	Disposal of subsidiaries less discontinued cash and cash equivalents	0	19,643
+	Inflows from the disposal of intangible and tangible assets	385	6,669
+	Interest received	44	303
=	Consolidated cash flow from investing activities	–10,187	14,613
+	Inflows from loan financing	2,532	0
-	Repayments of loan financing	–5,406	–44,069
+	Inflows from acquisition financing	0	25,000
-	Repayments of acquisition financing	–7,500	0
-	Repayments of real estate loan borrowings	–539	–958
-	Outflows from lease agreements	–5,346	–3,277
-(+)	Change in current financial liabilities (current accounts)	–4	–2,233
-	Interest paid	–2,144	–6,744
-	Dividends	0	–392
=	Consolidated cash flow from financing activities	–18,407	–32,673
+(-)	Consolidated cash flow from operating activities	4,768	15,033
+(-)	Consolidated cash flow from investing activities	–10,187	14,613
+(-)	Consolidated cash flow from financing activities	–18,407	–32,673
=	Change in cash and cash equivalents	–23,826	–3,027
+(-)	Effect from currency translations	–209	7
+	Opening balance of cash and cash equivalents	66,013	49,610
=	Closing balance of cash and cash equivalents	41,978	46,589

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

in EUR k	Share capital	Capital reserves	Treasury stock	Retained earnings	Other reserves	Shares of POLYTEC Holding AG stockholders	Non controlling interests	Total
As at 01.01.2025	22,330	37,563	–1,855	158,347	–6,520	209,867	1,875	211,742
Earnings after tax	0	0	0	1,256	0	1,256	113	1,369
Other result after tax	0	0	0	0	–3,265	–3,265	0	–3,265
As at 30.06.2025	22,330	37,563	–1,855	159,603	–9,785	207,855	1,988	209,842

in EUR k	Share capital	Capital reserves	Treasury stock	Retained earnings	Other reserves	Shares of POLYTEC Holding AG stockholders	Non controlling interests	Total
As at 01.01.2024	22,330	37,563	–1,855	167,433	–8,557	216,914	3,595	220,509
Earnings after tax	0	0	0	–2,348	0	–2,348	–370	–2,718
Other result after tax	0	0	0	0	1,532	1,532	0	1,532
Dividends	0	0	0	0	0	0	–392	–392
Changes due to deconsolidation	0	0	0	0	0	0	–879	–879
As at 30.06.2024	22,330	37,563	–1,855	165,085	–7,025	216,098	1,954	218,052

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

in EUR k
01.01. - 30.06.2025	Group	Non-controlling interests	Total
Earnings after tax	1,256	113	1,369
Currency translations	–3,265	0	–3,265
Total result	–2,010	113	–1,897

in EUR k
	Non-controlling
01.01. - 30.06.2024	Group	interests	Total
Earnings after tax	–2,348	–370	–2,718
Currency translations	1,532	0	1,532
Total result	–816	–370	–1,186

SELECTED NOTES

GENERAL INFORMATION

POLYTEC Holding AG (listed in the commercial register of the City of Linz under the number FN 197646 g) is an Austrian holding company, which together with its Group subsidiaries operates mainly in the plastics processing automotive industries.

ACCOUNTING AND VALUATION METHODS

This half-year financial report as at 30 June 2025 was prepared in accordance with the provisions of the International Financial Reporting Standards (IFRS) and in particular IAS 34 (Interim Financial Reporting). The remaining accounting and valuation methods from 31 December 2024 were retained. The interim report does not contain all the information and statements issued in the POLYTEC Holding AG consolidated financial statements as at 31 December 2024 and therefore these should be referred to for further details.

SCOPE OF CONSOLIDATION

The consolidated financial statement includes all major Austrian and foreign companies in which POLYTEC Holding AG directly or indirectly holds a majority of voting rights. The POLYTEC GROUP's scope of consolidation now includes 38 fully consolidated companies (31.12.2024: 38) of which 31 (31.12.2024: 31) are foreign entities.

EQUITY

At the 25th Annual General Meeting of POLYTEC Holding AG, which took place on 10 June 2025, the shareholders present decided not to pay a dividend for the 2024 financial year and to carry forward the profit carried forward in its entirety to new account.

BUSINESS SEASONALITY

The quarterly reporting of total POLYTEC GROUP sales revenues for a complete financial year correlates largely with the car manufacturing operations of the Group's main customers. For this reason, quarters in which customers normally close plants for holidays generally produce lower sales revenues than quarters without such effects. In addition, sales from one quarter can also be influenced by the billing of large tooling or engineering projects.

MATERIAL TRANSACTIONS WITH RELATED PARTIES AND COMPANIES

As compared to 31 December 2024, there were no material changes regarding business transactions with related parties and companies, and therefore in this regard reference should be made to the notes contained in the consolidated financial statements of POLYTEC Holding AG as at 31 December 2024.

MATERIAL EVENTS AFTER THE REPORTING PERIOD

On 7 July 2025 at 2:25 p.m., POLYTEC Holding AG disclosed the following inside information according to Article 17 MAR: "Peter Bernscher has informed the Nomination Committee of the Supervisory Board today of his intention to leave the company due to an attractive external offer. As a result, Peter Bernscher and the Supervisory Board of POLYTEC Holding AG have mutually agreed that he will step down from his position as Chief Commercial Officer of the company effective today. The Supervisory Board would like to thank Peter Bernscher for his strong personal commitment in a market environment that has been extremely challenging for years. Peter Bernscher's responsibilities will be distributed among the remaining members of the Management Board. A replacement is not currently planned. The appointments of Markus Huemer (CEO) and Markus Mühlböck (CFO), which were originally set to expire at the end of 2026, have been extended early until 2029."

At the Supervisory Board meeting of POLYTEC Holding AG held on 7 July 2025, the Supervisory Board was also informed that the Weierbach plant in Idar-Oberstein, Germany, is to be closed at the end of April 2026. Significant declines in call-offs, the discontinuation of key customer projects and an increasingly difficult to calculate market development in the "Painted Exterior" product area have prompted the management to find an economically responsible solution. For the approximately 250 affected employees, a corresponding social plan with a reconciliation of interests was negotiated in close coordination with the employee representatives. The Supervisory Board has approved the closure of the plant.

Beyond this, no further events of material significance occurred after the 30 June 2025.

SHARE & INVESTOR RELATIONS

POLYTEC SHARE PRICE DEVELOPMENT

Source: Vienna Stock Exchange, price data indexed as per 30 December 2024

SHARE KEY FIGURES

Various stock performance indicators of the POLYTEC share for the period from January to June 2025 compared to the same period of the previous year and further historical periods are contained in the following table:

POLYTEC Share (AT0000A00XX9)	Unit	H1 2025	H1 2024	Change	H1 2023	H1 2022
Closing price last trading day of period	EUR	3.28	3.34	–1.8%	4.72	6.00
Highest closing price during period (on 30.05.2025)	EUR	3.60	3.82	–5.8%	5.28	8.30
Average closing price during period	EUR	2.78	3.51	–20.8%	4.84	6.83
Lowest closing price during period (on 02.01.2025)	EUR	2.14	3.25	–34.2%	4.45	5.60
Market capitalisation last trading day of period	EUR m	73.2	74.6	–1.8%	105.4	134.0
Vienna Stock Exchange money turnover (double counting)	EUR m	13.7	13.5	1.5%	20.6	63.7
Vienna Stock Exchange share turnover (double counting)	Shares m	4.9	3.9	25.6%	4.2	9.0
Share turnover (daily average, double counting)	Shares	39,371	31,082	26.7%	33,396	71,340

Source: Vienna Stock Exchange

ANNUAL GENERAL MEETING 2025

At the 25th Annual General Meeting of POLYTEC Holding AG, which took place on 10 June 2025 at the company's headquarters in Hörsching, Austria, the shareholders present decided not to pay a dividend for the 2024 financial year and to carry forward the profit carried forward in its entirety to new account.

Furthermore, in addition to the annually prescribed resolutions, resolutions on treasury shares, authorised capital and elections to the Supervisory Board were also proposed at this Annual General Meeting, each of which was adopted by the shareholders present or their representatives with the required majority.

In the elections to the Supervisory Board, Mr. Günther Apfalter (now Deputy Chairman of the Supervisory Board) and Mr. Bernhard Matzner (member of the Supervisory Board, Head of the Audit Committee) were newly elected.

Mr. Friedrich Huemer (Chairman of the Supervisory Board) as well as Ms. Viktoria Kickinger and Mr. Fred Duswald were re-elected as members of the Supervisory Board. The term of office of the members of the Supervisory Board of POLYTEC Holding AG lasts until the end of the Annual General Meeting that resolves on the discharge of the Supervisory Board for the 2027 financial year.

Details of the voting results are available on the Company's website in the Investor Relations, Annual General Meeting section. Link: https://www.polytecgroup.com/en/investor-relations/annual-generalmeeting/25th-agm-fy-2024

RESEARCH COVERAGE

The support of the POLYTEC GROUP by national and international investment banks is an important element in its comprehensive investor relations activities and plays a highly significant role in the visibility of the POLYTEC share within the investor community. The following financial institutions publish reports on POLYTEC GROUP and the recommendations and price targets up to the editorial closing date of this report (beginning of August 2025) are contained in the table below:

Institute	Recommandation	Price target
BAADER-Helvea Equity Research, Munich (Peter Rothenaicher)	Buy	EUR 4.00
M.M.Warburg Research, Hamburg (Marc-René Tonn)	Buy	EUR 4.90
ODDO BHF SCA Research, Vienna (Markus Remis)	Outperform	EUR 3.60
Average price target		EUR 4.17

The current recommendations and price targets can be called up from the investor relations, share, price information and research section of the Group's website: www.polytec-group.com/en/investorrelations/share/research

STATEMENT OF ALL LEGAL REPRESENTATIVES

We confirm to the best of our knowledge that the condensed interim financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the group as required by the applicable accounting standards and that the group management report gives a true and fair view of important events that have occurred during the first six months of the financial year and their impact on the condensed interim financial statements, and of the principal risks and uncertainties for the remaining six months of the financial year and of the major related party transactions to be disclosed. This interim consolidated financial statement has not been subject to an audit or a review.

Hörsching, August 2025

The Board of Directors of POLYTEC Holding AG

MARKUS HUEMER CEO, Chairman of the Board of Directors

Responsibilities: Corporate Strategy, Investment Management, Legal Affairs, IT, Corporate Communications, Sustainability, Sales, Human Resources, Marketing

MARTIN RESCH COO, Member of the Board

Responsibilities: Operations, Program Management, Operations Services, Engineering

MARKUS MÜHLBÖCK CFO, Member of the Board

Responsibilities: Finance, Controlling, Treasury, Accounting, Investor Relations, Purchasing

The Interim Report Q3 2025 to be published on 13 November 2025

Current news see online in the section Investor Relations of corporate website www.polytec-group.com/en/investor-relations

CONTACT

POLYTEC Holding AG, Paul Rettenbacher, Investor Relations Manager, Polytec-Strasse 1, 4063 Hörsching, Austria; T +43 7221 701-292; eMail; paul.rettenbacher@polytec-group.com

NOTE

This half-year financial report has not been subject to an audit or a review. This interim report has been prepared with the greatest possible care and every effort has been made to ensure the accuracy of the data that it contains. Nevertheless, rounding, typographical and printing errors cannot be excluded. The use of automatic calculating devices can result in rounding-related differences during the addition of rounded amounts and percentages. The English translation serves information purposes, and the original German text is the sole legally binding version. This half-year financial report H1 2024 was published on 14 August 2025.

IMPRINT

Editor: POLYTEC Holding AG; VAT number: ATU49796207; LEI: 529900OVSOBJNXZACW81; Commercial Register: FN 197676 g, Commercial Court Linz; Polytec-Strasse 1, 4063 Hörsching, Austria; T +43 7221 701-292; Board of Directors: Markus Huemer, Martin Resch, Markus Mühlböck; Chairman of the Supervisory Board: Friedrich Huemer; Photos: © POLYTEC Holding AG; Typesetting: Produced inhouse with firesys; www.polytec-group.com