ELES Semiconductor Equipment (ELES) investor relations material

Executive summary

• Consolidated revenues reached approximately €21 million for the nine months ended September 30, 2025, a slight 4% decrease year-over-year, mainly due to a contraction in the Automotive market partially offset by strong growth in Industrial & AI and Aerospace & Defense sectors.

• Strategic projects advanced, including a fully automated Burn-In Test solution for HPC devices, and new contracts in key markets such as the US, Europe, and Asia.

• The Milan Reliability Lab secured a major outsourcing contract from a global semiconductor leader, reinforcing its strategic role.

Financial highlights

• Industrial & AI end-market revenues grew 38% year-over-year, supporting overall performance.

• Semiconductors Division revenues were €13.3 million, down 7% year-over-year, with Industrial & AI growth offsetting a 27% decline in Automotive.

• Aerospace & Defense Division revenues remained stable at €7.7 million, representing 37% of total revenues.

• Export sales accounted for 43% of consolidated revenues, driven by strong US performance.

Outlook and guidance

• Order intake in the SEMI segment is increasing, with new orders expected to drive growth in the second half of 2025 and support medium-term development.

• The global semiconductor equipment market is forecasted to grow at double-digit rates in 2025 and 2026, with positive medium-term prospects.