ASTA Energy Solutions (1AST) investor relations material

Executive summary

• Achieved record H1 2026 results with net sales up 22.2% to EUR 435.8 million and adjusted EBITDA up 54.2% to EUR 37.0 million, driven by strong demand, margin expansion, and capacity increases.

• Net income more than doubled to EUR 22.5 million (+125%), with EPS up 66% to EUR 1.66 and free cash flow more than doubling to EUR 22.8 million.

• Successful IPO in January 2026 raised EUR 125 million gross, strengthening the equity base, liquidity, and capital structure; company included in SDAX index in June 2026.

• Extended and secured new long-term agreements with major OEMs (Siemens Energy, GE Vernova, Andritz), providing business visibility through 2032 and supporting robust order backlog.

• Capacity expansion projects are on track across all regions, with investments backed by contracted demand and a focus on supply chain integration and recycling.

Financial highlights

• Net sales grew 22.2% year-over-year to EUR 435.8 million; net-value sales (excluding copper price effects) rose 33.2% to EUR 98.4 million.

• Adjusted EBITDA increased 54.2% to EUR 37.0 million, with margin on net-value sales up over five percentage points to 37.6%.

• EBIT rose 62% to EUR 31.7 million; net income up 125% to EUR 22.5 million; EPS increased 66% to EUR 1.66.

• CapEx was EUR 14.2 million (up 6%), with free cash flow more than doubling to EUR 22.8 million and a cash conversion rate of 61.6%.

• Equity ratio improved to 45.9% (Dec 2025: 24.9%); cash and cash equivalents rose to EUR 131.6 million.

Outlook and guidance

• Full-year 2026 guidance for net sales confirmed at over EUR 790 million and net-value sales at over EUR 170 million.

• Adjusted EBITDA guidance for FY 2026 raised to EUR 60–64 million (previously EUR 55–59 million), reflecting strong H1 performance and sustained pricing momentum.

• Long-term revenue target set at over EUR 1.0 billion annually; continued high demand expected, with focus on supply chain security amid geopolitical volatility.

• Second half expected to be seasonally softer due to planned maintenance and employee stock ownership program expenses, both fully reflected in guidance.