ASTA Energy Solutions (1AST) investor relations material

Executive summary

• Achieved record financial and operational results in FY 2025, marking the best year in company history and reinforcing its strategic role in the global energy transition.

• Completed a successful IPO on the Frankfurt Stock Exchange in January 2026, raising approximately EUR 125 million in gross proceeds at EUR 29.50/share, with a market cap of about EUR 420 million.

• Expanded global production footprint with six sites across Europe, Asia, and South America, including ramp-up of Bosnia-Herzegovina and growth in recycling and low-carbon copper initiatives.

• Technological leadership and circular copper integration model, with 40% recycled copper and enhanced supply chain integration.

• Secured new long-term agreements with major OEMs, including Siemens Energy, GE Vernova, and Prolec, enhancing commercial visibility and supply chain resilience.

Financial highlights

• FY 2025 net sales reached EUR 695.8 million, up 8.3% year-over-year; net-value sales rose 16.8% to EUR 146.5 million.

• Adjusted EBITDA increased 36.9% to EUR 48.6 million, representing 33.2% of net-value sales, up from 28.3% last year.

• Net income grew to EUR 30.1 million, including a EUR 3.4 million one-off gain from impairment reversal.

• Free cash flow improved to EUR 14.1 million (+8.5% yoy) despite CapEx rising 53.3% to EUR 34.5 million; cash conversion rate at 29%.

• Return on capital employed (ROCE) was 21.0% for FY 2025.

Outlook and guidance

• FY 2026 guidance: net sales expected to exceed EUR 790 million (assuming copper at $11,500/ton), net-value sales above EUR 170 million, and adjusted EBITDA between EUR 55–59 million, excluding IPO-related costs.

• Confident in achieving guidance at the higher end due to robust order backlog, successful ramp-ups, and operational execution.

• Operational focus in 2026 on efficiency, productivity, and maximizing existing capacity; incremental value from new capacity expected from 2027.

• No material exposure to Middle East conflict or raw material price volatility due to pass-through mechanisms.