Milan, August 6, 2025 - Italmobiliare S.p.A. announces that the Interim Report at June 30, 2025, has been filed, together with the report of the Independent Auditing Firm, with the Company’s registered office in Milan, Via Borgonuovo no. 20, and with the authorized storage platform eMarket Storage at www.emarketstorage.com, and it is available to the public on the Company’s website www.italmobiliare.it, under the Investor/Reports section (https://www.italmobiliare.it/en/investor/reports).

• The Italmobiliare Group continued to grow during the first half of the year. At an aggregate level, total revenue of the Industrial Portfolio Companies grew by 12.3% to 739.3 million euro, with a gross operating profit of 43.4 million euro.¹
• More specifically, of the main Industrial Portfolio Companies:
  • revenue up 10.7% to 184.5 million euro for Caffè Borbone, whose margins were affected by the high cost of green coffee. The brand confirms its leadership in terms of sales volumes in the single-serve market in Italy and continues to grow abroad (+18%);
  • Officina Profumo-Farmaceutica di Santa Maria Novella recorded increases in revenue and gross operating profit to 32.5 million (+13.5%) and 6.6 million (+13.7%) respectively, with a positive contribution from all distribution channels;
  • CDS-Casa della Salute continues to grow and thanks to new openings, it now has 38 active outpatient clinics in Liguria, Piedmont and Sardinia. Revenue is up by 20.4% to 38 million, with EBITDA positive and growing to 4.3 million.
  • SIDI's renewal and relaunch continues, with the company unveiling its new logo in May. The company closed the first half of the year with revenue of 15.6 million euro, an increase of 11%.
  • Capitelli has posted revenue of 12.4 million (+6.8%) with EBITDA growing by 19.8% to 2.5 million, an all-time record for the company.
• The Group's sustainable strategy continues across the entire value chain. SBTi has validated the CO₂ emissions reduction targets of all the Portfolio Companies controlled by the Holding Company. CDP Worldwide has also awarded Italmobiliare its highest rating in the Supplier Engagement Assessment.
• Italmobiliare's Net Asset Value, excluding treasury shares, is equal to 2,200.0 million euro and, considering the 38 million euro of dividends distributed in the first half, shows an increase of 22.2 million euro (+1%) compared with the equivalent figure at December 31, 2024. The NAV per share is equal to 52.0 euro.
• Italmobiliare S.p.A.'s net financial position is positive at 182.3 million euro, with a decrease mainly due to payment of the ordinary dividend and investments in investee companies.

Milan, July 30, 2025 – Italmobiliare's Board of Directors has reviewed and approved the interim report at June 30, 2025.

During the period, the Group recorded positive trends linked to continuation of the development path of the industrial portfolio companies, which have posted aggregate revenue that is up by 12.3% to 739.3 million euro. Of particular note are the good performances of CDS–Casa della Salute (+20.4%), Officina Profumo-Farmaceutica di Santa Maria Novella (+13.5%), SIDI (+11%) and Bene Assicurazioni (+29.7%). Italgen remains stable, turning in excellent results but facing comparison with a first quarter 2024 marked by exceptional rainfall that pushed hydroelectric power production to record levels. At an aggregate level, the gross operating profit decreased to 43.4 million euro². This result has been influenced by the performance of Caffè Borbone, which incurred higher costs of 26.7 million due to the high price of its raw material: after reaching record highs, the price of green coffee has been falling significantly since April, partially thanks to the drop in the US dollar. However, the effect of this will only be visible in the second half of the year. The Group result has been affected too by that of Italgen, which is also facing comparison with a record previous half-year, and that of Tecnica. All of the other companies are growing.

At June 30, 2025, the Net Asset Value of Italmobiliare S.p.A., excluding treasury shares, comes to 2,200.0 million euro (2,215.8 million euro at December 31, 2024); considering the distribution of 38.0 million euro of dividends during the half-year, the net performance is positive for 22.2 million euro. The NAV per share is equal to 52.0 euro.

At June 30, 2025, Italmobiliare S.p.A.'s net financial position is positive at 182.3 million euro, compared with 273.8 million euro at December 31, 2024. The main outflows include payment of the ordinary dividend (-38.0 million euro) and investments in investee companies (-42.4 million euro).

Carlo Pesenti, Chief Executive Officer of Italmobiliare, commented as follows: “Italmobiliare confirms the solidity of its business model and continues on its path of sustainable development, with revenue growing at an aggregate level. This result is the fruit of the positive performance of all the Group's industrial platforms, which continue to demonstrate their capacity for adaptation, innovation and strategic vision. In a highly challenging competitive environment, made even more uncertain by the recent tariff agreement signed with the United States, we will continue to actively support the portfolio companies, focusing on actions and investments aimed at maintaining industrial margins and accompanying them in their respective paths of consolidation and expansion into international markets. We will do this by providing the resources and the organisational and management skills needed to further strengthen their competitiveness and accelerate both organic and external growth, always with a long-term perspective oriented towards value creation."

During the period, the Group continued along the decarbonisation path that it has undertaken, guided by the methodological approach of the Science Based Targets initiative, which validated the CO₂ emissions reduction targets of all of the Portfolio Companies controlled by the Holding Company. The results of its sustainable development path have allowed Italmobiliare to significantly improve its rating by CDP Worldwide, an international non-profit organisation that collects and analyses environmental information from nearly 25,000 companies worldwide. After raising Italmobiliare's overall climate rating to "A-" in January, all of three notches above its previous assessment, in July CDP Worldwide awarded Italmobiliare the highest possible rating ("A") for its Supplier Engagement Assessment (SEA). This evaluates the effectiveness of supplier engagement and recognises best practices with a view to accelerating the reduction of climate-altering emissions in global supply chains.

Laura Zanetti, Chairman of Italmobiliare, emphasised, “SBTi's validation of the CO₂ reduction targets of Italmobiliare and all of the Portfolio Companies under its control confirms the Holding Company's commitment to strategies that have concrete and measurable social, environmental, and economic impacts, in line with its mission to actively contribute to global challenges by creating sustainable, innovative, and therefore more competitive and resilient businesses. A path that over the years has yielded important results in terms of performance and resilience, and whose effectiveness is also demonstrated by the excellent results achieved by Italmobiliare in the CDP Worldwide ratings."

¹The aggregate gross operating profit does not take into account the positive contribution of Bene Assicurazioni.
^[2The aggregate gross operating profit does not take into account the positive contribution of Bene Assicurazioni.

Milan, July 22, 2025 – Italmobiliare S.p.A. announces that the Italmobiliare Capital Markets Day 2025 will be held on Thursday, 9 October 2025, from 9:30 am CET to 13:00 pm CET, at Palazzo Clerici (via Clerici 5, Milan).

The meeting will be attended by Laura Zanetti, Chairman of Italmobiliare, and Carlo Pesenti, CEO of Italmobiliare, who will present the group's main results and the strategic development direction of the holding company. The CEOs of the main portfolio companies will also present the development projects and long-term value creation potential of their businesses.

The event is open to shareholders and investors. To attend, please register by 30 September 2025 writing to: IR@italmobiliare.it

Milan, 30 June 2025 – Italmobiliare S.p.A. (Italmobiliare or the Company) announces, pursuant to art. 144-bis of the CONSOB Issuers' Regulation adopted with the Resolution n. 11971/1999 (the Issuers’ Regulation), the launch, on July 3^rd, 2025, of a treasury share buyback program (the Program). The Program will be implemented in execution of and according to the resolution of the Shareholders' Meeting of April 17, 2025, in compliance with the current regulation, also in consideration of the recent context related to the capital markets and, by extension, to the relative performance of Italmobiliare shares.

Purpose

The purpose of the Program is to create a stock of treasury shares that, inter alia and if the conditions occur, can be used to replace or supplement financial resources for the execution of any extraordinary financial transactions such as, for example, the exchange of equity investments or possible acquisitions.

In the event of completion of the Program up to the maximum limit of shares mentioned below, Italmobiliare would hold a total of 567,070 shares or 1.334% of the share capital.

Should there not be adequate opportunities for their utilization in the medium term, Italmobiliare reserves the right to allocate (in whole or in part) the treasury shares held for possible cancellation, within the terms and according to the procedures provided for by the law, subject to the resolution of the competent corporate bodies.

Maximum number of shares to be bought and maximum consideration of the Program

The purchases will concern a maximum of 350,000 shares corresponding to 0.824 % of the Issuer's share capital for a maximum consideration of Euro 10,000,000.

As of today, the Company directly holds 217,070 shares, equal to 0.511% of its share capital.

Minimum and maximum consideration

The purchases shall take place – in compliance with the conditions set forth in Article 3 of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 and further applicable rules – at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the highest current independent bid on the electronic share market organized and managed by Borsa Italiana (Euronext STAR Milan) and it being understood that the aforesaid consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen per cent) than the reference price that the Italmobiliare share recorded in the stock exchange session on the day preceding each single transaction.

The number of shares to be purchased daily may not exceed 25% of the average daily trading volume, calculated based on the average daily trading volume in the 20 trading days preceding each purchase date.

Methods through which purchases will be made

Purchases will be made on the regulated market Euronext STAR Milan, organized and managed by Borsa Italiana S.p.A. in compliance with art. 144-bis, paragraph 1, letter b) of Issuers’ Regulation and other applicable provisions, so as to ensure compliance with the equal treatment of shareholders pursuant to art. 132 of the Legislative Decree No. 58 of February 24, 1998 (the CLF), as well as in accordance with the operating procedures set forth in the organizational and management regulations of Borsa Italiana S.p.A.

As for the execution of the Program, Italmobiliare has granted today a mandate to Equita SIM S.p.A. to coordinate and execute the Program on behalf of the Company and make the relevant trading decisions, in full discretion and full independence. The Program will be also executed during the so-called closed period.

Duration

The purchases will start from July 3, 2025 with an expected end no later than September 30, 2025.

Italmobiliare shall inform the market, in accordance with the provisions in force, of the details of the purchase transactions carried out.

Considering the current capital markets context, also characterized by significant and sudden increases in volatility and changes in the macroeconomic and geopolitical scenario, any subsequent changes to the Program that may be deemed necessary in the period will be promptly disclosed to the public in the ways and terms provided for by applicable laws and regulations.

Aggregate group revenue up by over 14% thanks to growth in all the industrial portfolio companies. Italmobiliare closes the period with a stable nav of more than 2.2 billion euro and positive cash of 273.8 million to support portfolio growth.

• The Italmobiliare Group continued to grow in the first quarter of the year, with revenue increasing for all the main industrial affiliates. At an aggregate level, revenue of the Industrial Portfolio Companies grew by 14.3% to 375.4 million euro, with a gross operating profit of 24.2 million.
• Specifically, of the main industrial portfolio companies:
  • Revenue up 6.3% to 88.9 million euro for Caffè Borbone, which confirms its position as the leading brand in single-serve coffee sales by volume in the large-scale retail trade, while continuing to expand abroad.
  • Officina Profumo-Farmaceutica di Santa Maria Novella is showing revenue growth of 20.6% to 14.3 million with EBITDA doubled thanks to a good performance on the part of all sales channels and product categories.
  • CDS-Casa della Salute continues its development path, with revenue and EBITDA increasing by 23% and 13.3% respectively.
  • SIDI closes the quarter with a significant growth in turnover of 8.3 million (+32.8%) thanks to a good performance by the motorbike and bicycle segments.
  • Among the other Portfolio Companies, double-digit growth has been seen in the revenue of Tecnica Group (+13.6%), Iseo (+17.8%) and Bene Assicurazioni (+21.3%).
• The Net Asset Value of Italmobiliare S.p.A. is equal to 2,222.4 million euro, with a positive net performance of 6.6 million euro compared with the figure at December 31, 2024.
• The net financial position of Italmobiliare S.p.A. at March 31, 2025 is positive and stands at 273.8 million euro.
• During the period, the Group continued on the decarbonisation path undertaken, guided by the methodological approach of the Science Based Targets initiative, and further consolidated its sustainability strategy, built on solid governance aligned with the highest global standards, including the UN Global Compact, and extended across the entire value chain.

Milan, May 13, 2025 - The Board of Directors of Italmobiliare S.p.A. today approved the additional periodic financial information at March 31, 2025.

At an aggregate level, the Group’s Industrial Portfolio Companies sales revenue and other income come to 375.4 million euro, up 14.3% compared with 328.6 million in 2024. Revenue is up for all industrial portfolio companies: in particular, there is double-digit growth at SIDI (+32.8%), CDS-Casa della Salute (+23%), Officina Profumo-Farmaceutica di Santa Maria Novella (+20.6%), Bene Assicurazioni (+21.3%), Iseo (+17.8%) and Tecnica Group (+13.6%). Positive performances also for Caffè Borbone (+6.3%), Capitelli (+6.4%) and Italgen (+3.8%). The aggregate EBITDA stands at 24.2 million (27.4 million in the same quarter of the previous year) and is increasing for all industrial Portfolio Companies with two exceptions: Caffè Borbone, which despite being penalized by the record cost of coffee at origin, has still been able to maintain a good margin on sales (14.3%), and Italgen, which has turned in excellent results in absolute terms, but is being compared with the first quarter of 2024 when hydroelectric production benefited from exceptional rainfall in terms of volume and frequency.

The Net Asset Value of Italmobiliare S.p.A. is equal to 2,222.4 million euro (2,215.8 million euro at December 31, 2024) with a positive net performance of 6.6 million. At March 31, 2025, the NAV per share is equal to 52.6 euro, up 0.3% compared with the figure at December 31, 2024.

At March 31, 2025, Italmobiliare S.p.A.'s net financial position is positive and equal to 273.8 million euro, in line with December 31, 2024, a significant endowment that allows the Company to take advantage of any opportunities and to continue supporting the Portfolio Companies, providing them, where necessary, with the resources needed to intensify their organic and inorganic growth path.

Performance of the Portfolio Companies

In the first quarter of the year, the Italmobiliare Group continued to grow, with revenue increasing for all of the industrial Portfolio Companies.

In the food sector, Caffè Borbone posted revenue of 88.9 million euro in the quarter, up 6.3%. At channel level, during the period the company consolidated its leadership in the Large-Scale Retail Trade, confirming itself as the leading brand in terms of sales volumes in single-serve products. Growth also continues abroad, particularly the American market which is recording increases of over 50%. The gross operating profit for the quarter was 12.7 million euro, down 6.5 million euro on the previous year due to the record price of coffee at origin, which led to an increase in procurement costs of over 40%, with a rise in expenditure of 14.5 million. In this challenging context, the company is still proving itself capable of maintaining a good margin on sales (14.3%). There was an excellent performance on the part of Capitelli, which in a challenging market context is seeing growth in both revenue (+6.4% to 6.2 million euro), mainly thanks to the rise in sales volumes, and gross operating profit (+21.8% to 1.2 million).

Turnover up to 14.3 million euro (+20.6%) for Officina Profumo-Farmaceutica di Santa Maria Novella, with double-digit growth across all sales channels. Retail has seen a 17.2% increase, due to good like-for-like performance and the contribution made by new stores opened during the last year; the results of e-commerce and the wholesale channel were also positive. All segments of the offer are growing, in particular fragrances and body care products. The gross operating profit doubled compared with the same period last year, reaching 2.2 million euro.

CDS - Casa della Salute continues its development path and closes the quarter with revenue of 18.8 million, up 23% thanks to the contribution of new openings and the good results of the like-for-like perimeter (+7%), referring only to clinics opened or acquired before 2023. Gross operating profit comes to 2 million euro, up 13.3% compared with 1.8 million euro in the first quarter of the previous year.

A very positive quarter for SIDI which posted turnover of 8.3 million euro, an increase of 32.8% compared with the same period of the previous year, with double-digit growth in both the motorbike segment (+36.6%) and the bicycle segment (+28.4%). The gross operating result was negative by 0.1 million euro, an improvement compared with the same period of the previous year (-0.6 million euro).

In the first quarter of 2025 Italgen started work on the construction of two photovoltaic plants with a total installed power of 15 MW, with completion expected by the end of the year. During the period, the total energy production of the Italgen Group was equal to 67.2 GWh, higher than the historical average, but lower than the 87.7 GWh of the same period in 2024, which featured record rainfall. Revenue comes to 14.9 million euro with a gross operating profit of 5.1 million euro.

Turnover is up 13.6% to 103.3 million euro for Tecnica Group thanks to the positive contribution of all segments and, in particular, of the LOWA brand. The gross operating result is positive for 0.2 million euro, improving compared with the same period of the previous year thanks to the increase in volumes.

In the first three months of the year ISEO posted a turnover of 37.4 million euro, up 17.8% compared with the same period of the previous year, which was affected by critical issues related to the adoption of the new ERP system that prevented the company from fulfilling all of its order book. The electronic lock segment, in particular, performed very well, growing at rates of more than 30%. The gross operating profit has risen to 0.9 million euro.

Bene Assicurazioni closes the quarter with premium income of 83.3 million euro, up 21.3% thanks to the positive performance of all sales channels. Good results also for the auto sector, which contributes approximately two thirds of the Company's overall premium income.

Clessidra turned in a positive brokerage margin of 10.2 million euro, up 13% compared with 9 million at March 31, 2024 due to higher net commissions from Clessidra Capital Credit SGR S.p.A. and Clessidra Factoring S.p.A.

Milan, May 6, 2025 – The minutes of the ordinary shareholders’ meeting held on April 17, 2025 is available at the Company’s registered office in Milan, Via Borgonuovo no. 20, on the authorized storage platform eMarket STORAGE (www.emarketstorage.com) and on the Company’s website www.italmobiliare.it, under the Governance/Shareholders’ Meetings section (https://www.italmobiliare.it/en/governance/shareholders-meeting).
This notice will also be published tomorrow on daily newspapers.

Milan, April 17, 2025 - The shareholders’ meeting of Italmobiliare S.p.A., held today in Milan, approved the distribution, for each share entitled, of a dividend of euro 0.90 per share, gross of the withholdings required by law. The dividend will be paid on May 7, 2025. Shares will be traded ex dividend on May 5, coupon no. 8; the record date will be May 6.
As required by current regulations, shareholders whose shares have not yet been dematerialized shall previously present their shares to an “Intermediary” for introduction into the centralized dematerialization management system.
This notice will be published tomorrow in the daily newspapers.

Milan, April 17, 2025 – The Shareholders' Meeting of Italmobiliare S.p.A. met today in the Meeting Room of Intesa Sanpaolo with participants representing 73.87% of the share capital.

The Shareholders' Meeting approved the 2024 financial statements, which closed with a profit of 104.8 million euro (51.6 in 2023) and a positive net financial position for the Parent Company of 273.8 million. The Shareholders' Meeting also approved the distribution of an ordinary dividend of 0.90 euro per share out of the profit for the year for 38,054,637.00 euros. The payment will take place on May 7, 2025, going ex-coupon on May 5, 2025 (with a record date of May 6, 2025).

The Meeting also approved the remuneration policy for 2025 and voted in favour of the compensation paid to directors, statutory auditors and key management personnel in 2024.

The Shareholders also renewed for the next 18 months the authorisation to buy and sell treasury shares for the following purposes: a) to set up a portfolio of securities that could be used to substitute or integrate financial resources, to carry out extraordinary corporate finance transactions, such as share exchanges or potential acquisitions, or to implement compensation plans based on financial instruments that could be approved in the future; and b) to carry out activities to stabilise and support the liquidity of the ITALMOBILIARE stock, favouring regular trading, including securities lending to support third-party liquidity providers, market makers and specialists. The proposed authorisation concerns a maximum of 1,000,000 shares (representing 2.353% of the shares that currently make up the share capital) for a maximum outlay of 35 million euro. The Company currently has 217,070 treasury shares in its portfolio, equal to 0.511% of the share capital.

The Company will be able to buy treasury shares in one or more tranches. Purchases will be made on the market in compliance with art. 144-bis, paragraph 1, letters b), and d-ter) of the Issuers Regulation, so as to allow compliance with the principle of equal treatment of shareholders, as required by article 132 of the CLF, and therefore (i) on regulated markets, according to the operating procedures established in the organisation and management regulations of Borsa Italiana, which do not allow direct matching of purchase proposals with predetermined sale proposals, or (ii) with the methods established by market practices allowed by CONSOB pursuant to article 13 of (EU) regulation no. 596/2014 from time to time in force, and in any case in accordance with the further provisions of the law and regulations applicable to this type of transaction.

Purchases will be made - in compliance with the conditions established in article 3 of the (EU) Delegated Regulation 2016/1052 of the Commission dated March 8, 2016 and other applicable rules - at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the current highest independent purchase offer on the Euronext STAR Milan, it being understood that this consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen percent) with respect to the reference price that the Italmobiliare share recorded in the stock market session of the day preceding each transaction.

The Company will be able to carry out disposals, also fractionally and without time limitations, of the Italmobiliare shares to be purchased or already purchased on the basis of previous shareholders' authorisations, according to the purposes and methods indicated above, providing the unit selling price (or in any case the unit value established in the context of the sale) is not lower than the average carrying price of the shares bought on the basis of the authorisation.

Milan, March 25, 2025 – The 2024 annual financial report according to art. 154 ter of the Consolidated Law on Finance (CLF), including the draft of the statutory financial statements and the consolidated financial statements, the directors’ report with the sustainability report, the due attestations prepared according to art. 154-bis, paragraphs 5 and 5 ter of the CLF, the reports of the Company’s independent registered public accounting firm and the board of statutory auditors, the annual report on corporate governance and ownership structure, and the report on remuneration policy and compensation paid prepared according to art. 123 ter of CLF, inclusive also of the information required by art. 84 bis of the CONSOB Issuers Regulation, have been filed with the Company’s registered office and are available on the authorized eMarket storage platform (www.emarketstorage.com) and through the Governance/Shareholders’ Meeting section of the Company's website at www.italmobiliare.it (https://www.italmobiliare.it/en/governance/shareholders-meeting).

Documents required by article 2429 of the civil code, paragraph 3 and 4, will be made available within the legal deadline at the registered office.

This notice on filing of the abovementioned documents will also be published tomorrow on daily newspapers.

Milan, March 14, 2025 – Italmobiliare S.p.A. announces that the notice of call of the ordinary shareholders’ meeting convened on April 17, 2025 is available to the public on the Company's website www.italmobiliare.it in the “Governance/Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting) and on the “eMarket Storage” platform at www.emarketstorage.com and it will be published tomorrow as an excerpt on daily newspapers.

The Board of Directors Report on all items in the agenda is also available to the public at the Company’s registered office, on the Company's website www.italmobiliare.it in the “Governance/ Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting), and on the “eMarket Storage” platform at www.emarketstorage.com.

The proxy forms to attend the meeting, also through the Appointed Representative according to article 135 – undecies of the Consolidated Law on Finance, are also available in the same section of the Company's website and at the Company’s registered office.