Catana Group (CATG) investor relations material

Executive summary

• Revenue for H1 2025/2026 was €82.2M, but ordinary revenue fell 20% year-over-year to €65.2M 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.

• The group maintains a solid cash position (€36.6M) and continues to invest in its 2030 strategic plan, expecting growth to resume in 2026/2027.

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

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.

• Ordinary revenue declined 20% year-over-year, excluding the €17M non-margin ERP-related stock sale.

• Cash flow from operations was €14M, with a positive working capital change of €10M, mainly from customer advances.

• Net cash at period end was €36.6M, down €2M from the previous period.

• 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 2030 strategic plan will deliver its first growth levers in the next fiscal year, with several new product launches planned, 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.

• Market recovery is contingent on improved geopolitical conditions.