Milan, March 12, 2026 – Italmobiliare S.p.A. announces that the notice of call of the ordinary and extraordinary general meeting convened on April 22, 2026 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/shareholdersmeeting) 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, inclusive of the information document regarding the ‘ 2026-2028 Italmobiliare phantom stock grant plan’, 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.

Milan, March 11, 2026 - 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 March 16^th, 2026, 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 727,975 shares or 1.713% 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.

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 8 March 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 24 February 1998 (the TUF), 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 March 16^th, 2026 with an expected end by April 17^th, 2026.

Maximum number of shares to be purchased and consideration

The purchases will concern a maximum of 300,000 shares corresponding to 0.706% of the Issuer's share capital for a maximum consideration of Euro 10,000,000.

As of today, the Company directly holds 427,975 shares, equal to 1.007% of its share capital.

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 medium term will be promptly disclosed to the public in the ways and terms provided for by applicable laws and regulations.

THE ITALMOBILIARE GROUP CLOSED 2025 WITH HIGHER AGGREGATE REVENUE OF 1,750 MILLION EURO AND LOWER EBITDA OF 200.5 MILLION EURO. NAV GROWING TO 2,304.9 MILLION EURO, NFP POSITIVE AT 231 MILLION EURO. PROPOSED DIVIDEND OF 1.1 EURO PER SHARE.

• At an aggregate level, the Portfolio Companies' revenues have risen to 1,750 million euro (+9.7% on 2024), whereas EBITDA has fallen to 200.5 million euro. More specifically:
  • Caffè Borbone confirms its position as the leading brand in terms of single-serve coffee volumes sold in Italy and it is growing abroad (+47%). The company closed 2025 with revenue rising to 370.8 million euro (+10.8%) and margins decreasing to 56.8 million euro due to the high cost of green coffee, which then fell in the last quarter of the year;
  • CDS-Casa della Salute has achieved a key milestone of 40 clinics in Liguria, Piedmont and Sardinia. The company closed the year with revenue and gross operating profit rising to 80.2 million euro (+26.8%) and 10.2 million euro (+35.6%) respectively;
  • Officina Profumo-Farmaceutica di Santa Maria Novella closed the year with turnover increasing to 74.4 million euro (+6.3% compared with the previous year). Growth continues in the main markets, with both the retail and online channels experiencing double-digit growth thanks to the positive contribution of all product categories;
  • Italgen continues to grow, closing a positive year and exceeding 100 MW of installed production capacity thanks to targeted acquisitions in the hydroelectric sector and the completion of two new photovoltaic plants;
  • Capitelli is continuing its development path and had an excellent 2025, with revenue and gross operating profit increasing to 24.7 million euro (+6.4%) and 4.5 million euro (+12.3%) respectively.
• During the year, the Group continued to develop its strategy of sustainability, giving further impetus to transformative processes across all portfolio companies and the entire value chain.
• At December 31, 2025, Italmobiliare SpA's NAV was up to 2,304.9 million euro (2,215.8 million euro at December 31, 2024). Considering the dividend distribution made during the period of 38 million euro and the buy-back for 6.1 million euro, the net change in NAV is positive by 133.2 million euro (+6%). The NAV per share is equal to 54.8 euro.
• After the distribution of dividends of 38 million euro during the year, Italmobiliare SpA's net financial position is positive at 231 million euro.
• During the course of the year, Italmobiliare sold the stake in Mediobanca that it held through Fin. Priv, generating proceeds of 45.1 million euro and a capital gain of 30.8 million euro.
• At the next Shareholders' Meeting, the Board of Directors will propose an ordinary dividend of 1.1 euro per share.

Milan, March 5, 2026 – Today, the Board of Directors of Italmobiliare SpA examined and approved the company's consolidated financial statements and draft separate financial statements at December 31, 2025. In light of the results achieved during the year, the Board of Directors will propose a dividend of 1.1 euro per share.

In 2025, characterised by a highly volatile and extremely challenging geopolitical and macroeconomic environment, Italmobiliare's portfolio demonstrated its solidity and resilience thanks to a combination of asset quality, proactive risk management and the full integration of sustainability into the development strategies of the Holding and its Portfolio Companies.

Looking at the pro-forma aggregate for the Portfolio Companies, revenue grew by 9.7% to 1,750 million euro. Revenue grew for all group companies except Italgen, despite a very good year, but only because the comparative figures are for 2024, which was a record-breaking year in terms of production volumes. CDS-Casa della Salute (+26.8%), Gruppo Clessidra (+23.2%), Bene Assicurazioni (+21.7%) and Caffè Borbone (+10.8%) are the companies that recorded the highest increases compared with the previous year. The aggregate gross operating profit of the Portfolio Companies came to 200.5 million euro, down from 228.9 million euro in 2024, but improving significantly in the fourth quarter of the year, also thanks to the progressive normalisation of raw coffee prices.

At December 31, 2025, the Net Asset Value of Italmobiliare SpA, excluding treasury shares, amounts to 2,304.9 million euro (2,215.8 million euro at December 31, 2024). Considering the dividend distribution during the period of 38.0 million euro and the buy-back for 6.1 million euro, the net change in NAV is positive by 133.2 million euro (+6%). The NAV per share is equal to 54.8 euro (+6.3% considering the combined effect of the dividend and buy-back).

During the year, Italmobiliare acquired a further 5% interest in Bene Assicurazioni, bringing its shareholding in the insurance company to 25%. Regarding the valuation of its portfolio investments, note that in October 2025, Italmobiliare received 45.1 million euro from the sale of the stake in Mediobanca that it held through Fin. Priv., realising a capital gain of 30.8 million euro.

Italmobiliare SpA closed its 2025 financial statements with a profit of 55.4 million euro (104.8 million in 2024). The decline compared with the previous year is due to lower non-recurring income from disposals, the exchange rate effect, a less positive performance on the part of certain Private Capital funds, and fewer dividends from certain investee companies. At December 31, 2025, Italmobiliare SpA's net financial position is positive and equal to 231.0 million euro (273.8 million euro at December 31, 2024). The main outflows include payment of the dividend (-38 million euro) and investments in Portfolio Companies (-56.6 million euro).

At the end of the meeting, Carlo Pesenti informed the board members that he had expressed to the main shareholders his willingness to assume, on the occasion of the upcoming renewal of the Board of Directors and subject to the resolutions to be adopted by the Board istself, the role of Chairman of the Company in addition to that of Chief Executive Officer. Carlo Pesenti, who stepped down as General Manager of the Company in 2025, also announced that, with a view to developing and strengthening Italmobiliare's managerial structure, he will propose the establishment of a management committee tasked with developing the most important operational decisions for the Company and the Group.

“During 2025, Italmobiliare implemented its sustainability strategy, structured around four macro areas of action: governance extended to the entire value chain, a climate strategy aimed at net-zero emissions, a safety culture aimed at achieving zero accidents and an inclusive development of human capital", explains Laura Zanetti, Chairman of Italmobiliare. In particular, over the course of the year, the Group further refined its supplier qualification process and continued implementing its decarbonisation plan, aimed at achieving the objectives formalised by the Parent and all Portfolio Companies and validated by the Science Based Targets initiative. Furthermore, it achieved the lowest injury frequency rate ever, as well as an intermediate goal of 40% women in management positions; results that are not points of arrival, but rather points of departure towards even more ambitious goals. “A concrete commitment, guided by a strategic vision, which has been recognised by the consolidation of Italmobiliare's position in the main ESG ratings", concludes Chairman Zanetti.

“In a complex and highly volatile context, the coherence of Italmobiliare's strategic development model, based on innovation, competitiveness and sustainability, has allowed us to generate growth in NAV and give further impetus to the development of our industrial platforms – emphasises Carlo Pesenti, CEO of Italmobiliare. The solidity of our diversified portfolio, featuring top-notch brands, combined with a still significant cash position, allows us to look to the future with confidence, aiming to further develop our portfolio holdings and seize potential investment and divestment opportunities."

Milan, January 29, 2026 – Italmobiliare S.p.A. announces that, at today's meeting, the Board of Directors resolved to propose to the General Meeting convened to approve the financial statements for the year 2025, scheduled for April 22, the amendments to the By-laws required for the adoption of the one-tier governance system.

Characterised by a Board of Directors within which a Management Control Committee is established and entrusted with control functions, the one‑tier system is the most widely adopted and internationally recognised administration and control model and will enable international investors to gain a better understanding of the Company’s governance structure. The integration of the Management Control Committee within the Board will also ensure a constant synergy between the control and management functions.

On this occasion, the Board of Directors will submit further amendments to the By-laws to the shareholders to align certain provisions — including those relating to the conduct of meetings of corporate bodies — with the latest practices and guidelines. Proposals will also be made to extend the Company’s duration and to include in the By‑laws an express acknowledgment of Italmobiliare’s commitment to pursuing sustainable success through the creation of long‑term value.

Subject to the approval of the By-laws amendments by the Extraordinary Meeting, the appointment of the Board of Directors, whose term of office expires upon approval of the financial statements for the year 2025, will be carried out in accordance with the new provisions of the By-laws.

The documentation containing a detailed description of the By-laws amendments submitted to the General Meeting will be made available to shareholders within the time frame required by applicable legislation.

Milan, December 9, 2025 – Italmobiliare S.p.A. announces its annual calendar of corporate events for 2026

BOARD OF DIRECTORS’ MEETINGS

March 5, 2026 draft of statutory financial statements and consolidated financial statements 2025
May 13, 2026 quarterly financial disclosure at 31 March 2026
July 29, 2026 half year financial results at 30 June 2026
November 11, 2026 quarterly financial disclosure at 30 September 2026

SHAREHOLDERS’ MEETING

April 22, 2026 approval of the 2025 statutory financial statements (single call)

• In a challenging macroeconomic context, in the first nine months the aggregate revenue of the Group's Industrial Portfolio Companies grew by 12.1% to 1,190.6 million euro, with the gross operating profit dropping to 115.2 million euro (-21.2%).
• More specifically, of the main Industrial Portfolio Companies:
  • Revenue increased to 270.7 million euro (+11.3%) for Caffè Borbone, whose EBITDA fell to 33.5 million euro, largely due to the record cost of the green coffee. The leading brand in single-serve products in Italy by sales volume, the company is performing well across all sales channels and continues to grow internationally.
  • Officina Profumo-Farmaceutica di Santa Maria Novella turned in revenue of 51.3 million euro, an increase of 9.1% thanks to the excellent performance of the retail channel (+14.4%) and online (+18.6%). EBITDA went up to 12.2 million euro (+2%).
  • CDS-Casa della Salute's revenue and EBITDA both grew by double digits, reaching 56.6 million euro (+23.4%) and 6.1 million euro (+11.5%) respectively. Thanks to the new openings, the company has reached a total of 39 clinics in Liguria, Piedmont, and Sardinia, which will become 40 by the end of 2025.
  • Italgen continues to grow, having acquired two hydroelectric plants in July and completing construction of two photovoltaic plants by the end of the year, bringing the company's total production capacity to over 100 MW.
  • Capitelli has posted revenue of 18 million euro (+4.9%) and growth in EBITDA of 7.7% to 3.4 million euro.
• During the period, the Group continued to develop its sustainable strategy and gave further impetus to the transformation processes implemented across all companies in the portfolio.
• At September 30, 2025, Italmobiliare's NAV, excluding treasury shares, was 2,197.1 million euro and, considering the dividend distribution made in the period for 38.0 million euro and the buy-back for 6.1 million euro, it recorded a positive net performance of 25.4 million euro (+1.1%). The NAV per share is equal to 52.2 euro.
• The net financial position of Italmobiliare S.p.A., which invested 55.8 million euro in the development of its investments and other portfolio assets during the period, has a positive value of 206.8 million euro.
• It should also be noted that in October Italmobiliare received 45.1 million euro from the sale of its stake in Mediobanca, which was held through Fin. Priv.

Milan, November 11, 2025 - The Board of Directors of Italmobiliare S.p.A. today approved the additional periodic financial report for the nine months ending September 30, 2025.

In a challenging macroeconomic context, in the first nine months of the year, the industrial investments in the portfolio recorded aggregate revenue of 1,190.6 million euro, up by 12.1% compared with the same period in 2024. Turnover increased for all Portfolio Companies with the exception of Italgen: it turned in an excellent performance, but it is being compared with a 2024 that featured exceptional rainfall that pushed hydroelectric power output to record levels. Among other holdings, the positive performances of CDS – Casa della Salute (+23.4%) and Bene Assicurazioni (+30.2%) stand out.

The aggregate gross operating profit of the industrial investments amounted to 115.2 million euro, down by 21.2%, primarily due to the contraction in EBITDA of Caffè Borbone, whose performance, like that of the entire sector, is being affected by the extremely high cost of its raw material, and of Tecnica.

During the period, the Group implemented its sustainable strategy, structured around four macro areas of action: governance across the entire value chain, a climate strategy aimed at net-zero emissions, a safety culture aimed at achieving zero accidents, and inclusive human capital development. In particular, the activation of "flagship projects" has allowed a further acceleration of the transformation processes applied to all companies in the portfolio.

The Net Asset Value of Italmobiliare, excluding treasury shares, at September 30, 2025, is equal to 2,197.1 million euro (2,215.8 million euro at December 31, 2024); Considering the dividend distribution made during the period of 38.0 million euro and the buy-back for 6.1 million euro, the net performance is positive by 25.4 million euro. The NAV per share is equal to 52.2 euro and, considering the distribution of dividends of 0.9 euro per share, shows an increase of 1.4% compared with the same figure at December 31, 2024. The buyback of treasury shares in the third quarter also contributed to the increase. Neutralising this effect, the increase would have been 1.1%, in line with the performance of NAV.

At September 30, 2025, Italmobiliare S.p.A.'s net financial position is positive at 206.8 million euro (273.8 million euro at December 31, 2024). Among the main outflows we would highlight the payment of the ordinary dividend (-38 million euro), the investments to support the development of portfolio holdings (-43.7 million euro) and the investment of private equity funds (-12.1 million euro), net of reimbursements.

Among the significant events that occurred after the end of the period, it is worth noting that in October Italmobiliare received 45.1 million euro from the sale of its stake in Mediobanca. This was held through Fin. Priv., having been acquired at a historical cost of 14.4 million euro and valued at 29.1 million euro in the financial statements at December 31, 2024.

Looking at the performance of the main holdings in the portfolio, the revenue of Caffè Borbone and Capitelli in the food sector are growing. In a sector conditioned by the very high cost of Robusta quality coffee beans, whose price in the nine months stood at an average of $4,658/t compared with an average of $3,905/t in the same period of the previous year, Caffè Borbone posted revenue up by 11.3% to 270.7 million euro, with an acceleration in the third quarter (+12.8%). The company confirms its position as the leading brand in single-serve coffee by sales volumes in Italy, while continuing to grow abroad. Operating profit amounts to 33.5 million euro, down from 50.6 million euro in the same period of the previous year. Capitelli continues its growth trajectory, both in terms of turnover (+4.9% to 18 million euro) and gross operating profit (+7.7% to 3.4 million) despite the cost of pork which remains at all-time highs.

Officina Profumo-Farmaceutica di Santa Maria Novella continues to grow, with revenue up 9.1% to 51.3 million euro. This is the positive result of the good performance of the Direct-to-Consumer channels, a strategic development asset on which the company is focusing. Retail showed an overall increase of 14.4%, thanks to the positive contribution of new openings and good performances on the part of existing stores. E-commerce also performed well (+18.6%). The gross operating profit comes to 12.2 million euro, a slight increase (+2%) on the same period of the previous year.

CDS-Casa della Salute continues its growth path by opening two new clinics in the third quarter. This brings the Group's total number of outpatient clinics to 39, and will rise to 40 by the end of the year with the new clinic opening in Cagliari. CDS' revenue amounted to 56.6 million euro, up by 23.4% compared with the same period of the previous year, thanks to the new openings as well as the strong performance of the clinics opened/acquired before 2023. The gross operating profit has risen to 6.1 million euro.

Italgen continues to implement its strategic investment plan: In July it completed the acquisition of two hydroelectric plants, bringing its installed capacity to 87 MW, with the aim of exceeding 100 MW by the end of the year with the coming on-line of two new photovoltaic plants. Over the past nine months, the company has recorded total energy output above historical averages but down from the previous year, when hydroelectric production benefited from exceptional rainfall. Revenue was substantially stable at 48.6 million euro, while gross operating profit fell to 22.9 million euro (-14.8%).

In the outdoor sector, SIDI Group' revenue grew by 11.6% to 22.6 million euro, with good results especially in Europe and APAC. Even though the gross operating result was a loss of 0.7 million euro, it was an improvement thanks to the increase in turnover and initiatives to optimise the cost of products, partially offset by higher fixed costs. Tecnica Group reported revenue growth of 6.8% to 351.2 million euro, mainly due to the strong performance of LOWA and the winter segment. Gross operating profit comes to 30.1 million euro, down compared with the previous year.

ISEO recorded turnover of 113.4 million euro, substantially in line with the same period of the previous year. Gross operating profit comes to 7.7 million euro, down compared with the same period of the previous year.

Bene Assicurazioni's premium income increased by 30.2% to 258.1 million euro. The result confirms the significant growth path of previous quarters, thanks to the positive performance of all sales channels and the increase in all the sectors in which the company operates.

Clessidra Group, a non-industrial Portfolio Company, closed the nine months with a positive intermediation margin of 32.0 million euro, an increase of 16% compared with the same period last year.

Milan, October 9, 2025 – Today, Thursday, October 9, 2025, from 9:30 a.m. to 4:00 p.m., the Italmobiliare Capital Market Day 2025 will take place at Palazzo Clerici (via Clerici 5, Milan).

The meeting will be attended by Laura Zanetti, Chair 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 will be live-streamed starting at 10:00 a.m. on Italmobiliare’s website in the Investor / Capital Market Day 2025 section. The presentations shown during the day will also be made available on the same webpage prior to the start of the event.

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