Rosetti Marino (YRM) investor relations material

Executive summary

• H1 net profit was €12,075k, up 3.47% YoY; EBITDA reached €21,165k, up 12.80%, and EBIT was €16,052k, up 5.9%.

• PIL rose 34.21% YoY to €377,284k; total production value was €379,270k. Both Oil & Gas and Renewables & Carbon Neutrality contributed to growth.

• Short-term net financial position remained positive at €98,768k, down from €153,205k at FY-end 2025.

• Operational structure was strengthened to support increased workload and recent order acquisitions.

Financial highlights

• Revenue from sales and services was €334,102k versus €318,505k in H1 2025; total production value was €379,270k versus €287,774k.

• EBIT was €16,052k versus €15,155k; profit before tax was €15,649k versus €15,123k; consolidated net profit was €12,075k versus €11,670k.

• Cash flow from operating activities was negative €48,592k; cash and cash equivalents closed at €88,607k versus €134,970k at FY-end 2025.

• Client-related delays drove a positive €43,182k work-in-progress variation in H1, versus negative €40,042k for FY 2025.

• Group equity was €176.7m, up €2.1m from December 2025, mainly reflecting net profit after dividends.

Outlook and guidance

• Order backlog was ~€933m at June 30, 2026, versus ~€995m at FY-end 2025; a Libyan contract in final negotiation was expected to lift backlog above the FY-end level.

• Recent order acquisitions and ongoing negotiations support expectations of maintaining current production and margin levels in coming periods.

• Near-term Oil & Gas growth is expected to offset declining Renewables & Carbon Neutrality activity; the imbalance may persist for at least two years before recovering.

• H2 net profit could improve if customer negotiations on contract variations conclude favorably; potential revenue was excluded prudently from H1 accounts while related costs were recognized.

• H2 activity includes the Libyan gas-platform topside, Danish platform, San Potito gas plant, West African floater services, UK CCS platforms and Ravenna green-rubber plant.