Prosegur Cash (CASH) investor relations material

Executive summary

• Net profit rose 1.9% year-over-year to €48 million for H1 2026, with improved growth and profitability and continued net debt reduction despite adverse currency and macroeconomic conditions.

• Total sales reached €1,001 million, down 0.4% year-over-year, with like-for-like sales up 0.7% after adjusting for the AVOS divestment.

• Transformation Products grew 4.7% to €358 million, now 35.8% of total revenues, with penetration up 240 basis points year-over-year.

• MiCA license obtained for digital asset services in Europe and commercial paper program renewed, reinforcing balance sheet strength.

• Operational stability maintained amid geopolitical and macroeconomic challenges.

Financial highlights

• EBITA for H1 2026 was €111 million, with a margin of 11.1%; EBITDA increased by 1.3% to €173 million, margin at 17.3%.

• Net profit margin was 4.8%; earnings per share increased by 1.6% to €0.0314.

• Free cash flow was €29 million, maintaining a high conversion ratio of 79%.

• Net financial debt reduced by €53 million year-over-year to €829 million; leverage ratio improved to 2.3x EBITDA.

• Cash flow from operations was €79.2 million, up from €51.5 million in H1 2025.

Outlook and guidance

• Transformation products, especially cash digitization solutions, are expected to continue driving growth.

• Focus remains on transformation product penetration, digital asset services expansion, and operational efficiency.

• Expect continued positive margin evolution in Asia-Pacific and recovery in Argentina post-elections.

• Macroeconomic and geopolitical uncertainties, especially currency volatility and energy prices, remain key risks.