Catana Group (CATG) investor relations material

Executive summary

• Revenue for the first half of 2025/2026 was €82.2M, down 20% year-over-year after adjusting for a €17M non-margin item linked to logistics reorganization and ERP change.

• The group faced a challenging market with a 24% activity decline in 2024/2025, but new models like BALI 5.2 and BALI 5.8 are driving future order momentum.

• Operational and net results turned negative, mainly due to lower volumes, price pressure, and the ramp-up of the new Portuguese plant.

Financial highlights

• Operating income was -€1.5M and consolidated net income was -€1.7M for the period, compared to €5.6M and €5.6M respectively in the prior year.

• Net income attributable to the group was nearly breakeven at -€0.2M, as only 50% of the Portuguese subsidiary's loss is consolidated.

• EBITDA and gross margin figures are not explicitly stated, but margin pressure is noted due to lower activity and competitive pricing.

• Earnings per share (diluted) was €0.01, down from €0.24 year-over-year.

Outlook and guidance

• The group expects the majority of BALI 5.2 sales to be recognized in the second half, supporting a return to growth.

• The strategic plan 2030 is set to deliver its first growth levers next year, with launches of new models including YOT 53 and BALI 7.0.

• Management is preparing for a new cycle of profitable growth, maintaining workforce levels to support future ramp-up.