The Italian Sea Group (TISG) investor relations material

Financial position and asset overview

• Total assets as of 31 July 2026 stood at €233.5 million, down from €260.5 million at year-end 2025.

• Cash and cash equivalents decreased to €5.3 million from €15.9 million at 31 December 2025.

• Inventories and trade receivables both declined compared to previous periods.

• Non-current assets remained stable, with land, buildings, and plant investments as key components.

Liabilities and equity status

• Shareholders' equity was negative at €(448.4) million as of 31 July 2026, reflecting accumulated losses.

• Current liabilities totaled €512.4 million, with significant trade payables and short-term financial liabilities.

• All long-term bank loans were reclassified as current due to non-payment and ongoing moratoriums.

• Non-current liabilities included €70.9 million in provisions and €34.4 million in long-term financial liabilities.

Operating performance and results

• Operating revenues for the seven months to 31 July 2026 reached €64.1 million, up from €57.9 million at 30 June 2026.

• EBITDA for the period was €(13.3) million, with EBIT at €(21.7) million, both reflecting negative performance.

• Net loss for the period was €(25.6) million, impacted by €12 million in extraordinary expenses related to restructuring.

• Tax income of €14 million was recognized due to amended tax returns for 2024.