Zignago Vetro (ZV) investor relations material

Group structure and business overview

• Majority owned by Zignago Holding (Marzotto Family), with a 64% stake; 36% free float on the Italian Stock Exchange.

• Operates through multiple subsidiaries in Italy, France, Poland, and the USA, focusing on glass containers and recycling.

• Business units target food & beverage, cosmetics & perfumery, luxury, and specialty containers, leveraging flexibility, quality, and innovation.

• International presence with production and sales sites across Europe and the US.

• Core business spans standard and customized hollow glass containers for diverse markets.

Financial performance and profitability

• 2025 revenues reached €596 million, with a CAGR of 7.5% since 1988.

• 2025 EBITDA at €162.2 million, with an EBITDA margin of 27.2%.

• Net result for 2025 was €66.9 million, with a net margin of 11.2%.

• 1Q 2026 revenues declined by 5.5% year-on-year to €146.8 million; EBITDA margin at 14.2%.

• Business units showed mixed performance in 1Q 2026, with Zignago Vetro France growing and others declining.

Balance sheet, cash flow, and dividends

• Net capital employed at €630.1 million and net equity at €284 million as of 1Q 2026.

• Net financial debt at €265.5 million, with a NFD/EBITDA ratio of 1.9.

• Cash flow from operations in 2025 was €87.4 million, representing 14.7% of sales.

• Capex in 2025 was €59.1 million, or 9.9% of sales.

• 2025 dividend per share was €0.60, with a payout ratio of 70%.