Euroapi (EAPI) Trading Update summary

Shareholding structure and lock-up extension

• Main shareholders have extended their lock-up agreement until December 18, 2026, supporting shareholding stability during the FOCUS-27 plan execution.

• The extension is subject to customary exceptions.

Business outlook and financial guidance

• Full year 2025 net sales are now expected to decrease mid-single digit, a downgrade from the previous low-single digit decline forecast.

• Core EBITDA margin for 2025 is maintained within the 7% to 9% range, reflecting effective cost reduction.

• Cost efficiency improvements are ongoing as part of the FOCUS-27 plan.

Upcoming events and further updates

• Further business updates will be provided on March 3, 2026, alongside full year 2025 results.

• Key financial dates include the 2026 AGM on May 27 and H1 2026 results on July 28.