Grupo Ezentis (EZE) AGM 2026 presentation summary

Key financial highlights 2025

• Revenue grew to €34.4M in 2025 from €14.0M in 2024, a 146% increase, with EBITDA improving to €1.0M from -€1.9M.

• Net financial debt rose to €6.6M in 2025, mainly due to acquisitions, but remains controlled and aligned with expansion strategy.

• Proforma 2025 revenue, including new acquisitions, reached €42.3M with EBITDA at €2.2M, reflecting normalized performance.

• Q1 2026 revenue was €10.0M, up 121% year-on-year, with EBITDA at €0.2M and net financial debt at €7.2M.

• Consolidated net result for 2025 was -€3.2M, impacted by amortizations, provisions, and financial costs.

Strategic plan update 2025–2028

• Focus on both organic growth (commercial activity, alliances) and inorganic growth (M&A), targeting value-adding companies.

• Strategic plan aims for proforma sales of over €160M and EBITDA above €12M by 2028, with EBITDA margin expanding to around 8%.

• Leverage expected to decrease from 3.0x DFN/EBITDA short-term to 1.5x long-term as M&A is integrated.

• Active pipeline in industrial installations and maintenance, with disciplined M&A processes.

• Emphasis on maximizing profitability and maintaining mid-to-high single-digit annual growth.

Capital increase

• Completed a €7.94M rights issue in April–May 2026, issuing 122.7M new shares at €0.0647 each.

• Demand reached 176.5% of the offer, with strong retail and institutional participation; main shareholder maintained 25% stake.

• Capital increase registered in May 2026, raising total share capital to €93,692.28, represented by 723,992,786 shares.