Sabaf (SAB) investor relations material

Strategy and business mix

• Three business units span gas components, hinges and electronics, with R&D centers for each and four cooking technologies: gas, induction, radiant and hydrogen (pilot).

• Gas parts accounted for 60.1% of H1 2026 sales, hinges 32.1% and electronic components 7.8%.

• Growth strategy combines organic expansion, geographic diversification and acquisitions; five acquisitions in nine years and three greenfield plants in four years.

Global footprint and growth initiatives

• Production footprint expanded from 7 plants in 2018 to 15 in 2026, including 6 in Italy and 9 abroad; workforce was 1,814 at 30 June 2026.

• India operation invested €6.4 mln, started sales in Q2 2023 and has scalable production capacity of €10 mln; valve backlog covers available capacity.

• Mexico operation invested €14 mln, started sales in H1 2024 and has scalable capacity of €13 mln; sales and margins accelerated from July as new projects ramped up.

• Acquired 51% of Mansfield-based MEC in July 2023; 2026 turnover continued to grow, with improving profitability, synergies and automation initiatives underway.

• Induction development has reached certification and market launch; a multinational has produced European cooktops using licensed technology since 2024, generating per-unit royalties; 2021–2026 R&D investment was €7.9 mln.

H1 2026 financial performance

• Adjusted revenue was €143.6 mln, down 1.5% YoY; adjusted EBITDA was €20.2 mln, down 5.2%, with a 14.1% margin versus 14.6%.

• Adjusted EBIT was €10.0 mln, down 9.5% YoY, with a 7.0% margin versus 7.6%; adjusted net result was €3.5 mln, down 48.0%.

• Sales grew in Europe excluding Turkey (+5.6%), South America (+6.8%) and Asia & Oceania (+7.7%); Turkey fell 10.4% and North America 4.3%.

• By product, gas parts were nearly flat (+0.1%); hinges declined 1.9% and electronic components 10.4% YoY.

• H1 performance included stable revenue and Q2 sales acceleration; higher raw material and energy costs had limited margin impact, supported by hedging.