Holland Colours (HOLCO) investor relations material

Executive summary

• Revenue held steady at €56.8 million, unchanged year-over-year, despite a €1.5 million negative currency impact from USD to EUR translation.

• Net result declined to €2.1 million from €3.5 million year-over-year, with EPS dropping to €2.44 from €4.02.

• Key markets remained stagnant due to economic uncertainty, but strategic growth initiatives continued to progress.

Financial highlights

• Operating result decreased to €2.7 million from €4.8 million in the prior year period.

• Contribution margin fell to €26.8 million, down €1.1 million, with margin as a percentage of revenue at 47% versus 49% last year.

• Operating expenses rose by €0.9 million (5%) to €24.0 million, reflecting higher business development, marketing, and IT costs.

• Net cash flow was negative €10.1 million, a €7.4 million decrease from the prior year, mainly due to lower operating result, higher investments, and increased dividend payments.

Outlook and guidance

• Persistent inflation, trade tensions, and geopolitical uncertainty are expected to continue impacting results.

• Business expectations remain cautious for the remainder of 2025/2026.

• Strategic focus remains on core business growth and innovation in recycling and circularity.