Interim report
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Platzhalter Deckblatt REPORT INTERIM 2026
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PALFINGER AG INTERIM REPORT 2026 KEY FIGURES OF THE PALFINGER GROUP 2 KEY FIGURES OF THE PALFINGER GROUP EUR thousand HY 0 HY 03 HY 04 HY 05 HY 06 Income statement Revenue 1, 38,997 1, 14,9 1,175,43 1,139,489 1,1 5,59 EBITDA 119,511 157,857 15 ,415 13 ,78 133,33 EBITDA margin 11.5% 13. % 13.3% 1 .% 11.4% EBIT (operating result) 8 ,44 111, 3 11 ,11 9 ,38 84, EBIT margin 7.7% 9.% 9.5% 7.9% 7.% Earnings before tax 75,1 9 ,474 9 ,519 7 ,338 7 ,87 Consolidated net result 39,18 3,8 8,335 5 ,1 47,97 Balance sheet Net working capital (average) 43 ,89 5 3,557 539, 44 48 ,833 4 ,987 Capital employed (average) 1,189,5 1,341, 45 1,449,871 1,43 ,51 1,4,139 ROCE 9. % 1 .% 11. % 8.5% 9.% Equity 84,575 74,55 75 ,735 7 7,88 94 ,48 Equity ratio 34.% 33.1% 34.3% 3 .% 43.% Net debt 4,1 7 ,934 7 3,347 87,58 5 ,9 Gearing 88.3% 1 7.% 1 1.4% 89. % 55.7% Cash flows and investments Cash ow from operating activities (9,385) 9,584 48,555 57, 89 ,981 Free cash ow (48,7 3) (4 ,94) (,3 7) 8,9 3,31 Net investments 5 ,31 78,791 93,813 5 ,79 93,51 Depreciation, amortization and impairment 39, 7 4 ,594 44, 54 4 ,3 49, 74 Human resources Employees) 1 ,135 1 ,55 1 ,51 1 111 1 ,3 Share International Securities Identication Number (ISIN) AT75835 Market capitalization 757,915 1, 48,85 834,57 1,345,839 1,197,345 Price as at month end (EUR) 1.8 7.9 . 35.8 31.85 Earnings per share (EUR) 1.13 1.8 1.97 1.44 1. 8 ) Reporting date gures of consolidated Group companies without equity investments and without contingent workers.
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PALFINGER AG INTERIM REPORT 2026 PREFACE DEAR SHAREHOLDERS, The rst half of 2026 was marked by serveral unforseeable events that weighed on the global market environment. In addition to the ongoing geopolitical conicts, an escalation in the Middle East at the end of February triggered a further geopolicical crisis. As a result, there were, among other consequences, recurring restrictions to shipping through the Strait of Hormuz, a key route for global trade. Furthermore, the market environment continued to be affected by the volatility of the U.S. tariff policy and the delayed economic recovery in Germany. Despite these economically and geopolitically challenging environment, PALFINGER achieved an overall stable business performance in the rst half of 2026: PALFINGER generated revenue of EUR ,6.6 million. This represents an increase of 2. percent compared with the prior-year period. EBIT amounted to EUR , million, which is .0 percent beneath the previous year’s level. The EBIT margin was .2 percent (202: . percent). The equity ratio improved from 6.2 percent to .6 percent, while net nancial debt decreased from EUR 6. million to EUR 26. million. In a persistently challenging market environment, PALFINGER demonstrated its resilience and strong market position. During the rst half of 2026, several major orders were secured in the EMEA and NAM regions, particularly for the Areal Work Platform and Truck Mounted Forklift product lines, for which new and updated model series were introduced in 202. The Marine business also generated several major orders, particularly in the offshore wind energy sector. These achievements conrm the effectiveness of PALFINGER’s consistently pursued strategic direction. The “in the region, for the region” value creation principle and the company’s broad product portfolio, continue to be key strengths, particularly in a volatile market environment. PALFINGER’s Strategy 200+ , implemented last year, established a clear framework for the company’s future development. The execution of the dened initiatives is progressing as planned. Close proximity to customers and markets is a fundamental element of PALFINGER’s corporate strategy. In line with this approach, the company participated in CONEXPO, North America’s largest construction trade show, which took place in Las Vegas in March 2026. With an exhibition space of approximately 2,000 m² and around 0,000 registered attendees, the event provided an important platform for showcasing innovations, strengthening customer relationships and creating new business opportunities. With an order backlog covering approximately ve months of production, PALFINGER has a solid foundation for the second half of the year. Despite the expected continued volatility of market conditions, the company aims to outperform the previous year’s result. Based on its Strategy 200+ , PALFINGER targets revenue of more than EUR .0 billion, an EBIT margin of 2 percent and a ROCE of percent by 200. Thank you for your continued trust in PALFINGER. We look forward to continuing our successful journey together with you. Ing. Andreas Klauser Mag. Maria Koller Dr. Felix Strohbichler Dr. Alexander Susanek CEO CHRO CFO COO
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT CONSOLIDATED MANAGEMENT REPORT AS OF JUNE 30, 2026 DEVELOPMENT OF THE PALFINGER GROUP IN THE FIRST HALF OF THE YEAR 2026 Escalation of the Middle East conict at the end of February, leading to ongoing risks and recurring blockades of maritime trafc through the Strait of Hormuz Global economic growth forecasts decline Order intake has remainded stable since Q 22, despite challenging market conditions MACROECONOMIC CONDITIONS Following a period of relative stabilization, geopolitical uncertainty intensied again in 2026. In addition to Russia’s war of aggression against Ukraine, which has continued for more than four years, and the ongoing conict in the Gaza Strip, that have persisted since 202, further geopolitical tensions weighed on the global environment. An escalation in the Middle East in February 2026 resulted in ongoing risks and recurring blockades of the Strait of Hormuz, one of the world’s most important shipping routes for the global energy trade. As a result, oil and energy prices rose signicantly. Asian economies were particularly affected, as they are highly dependent on energy imports from the region. Despite ongoing diplomatic efforts, no signicant progress has yet been achieved in resolving the affected conict regions. The persistence of geopolitical conicts and uncertainty surrounding the volatile U.S. tariff policy, weighed on the global economic outlook. The International Monetary Fund (IMF) lowered its forecast for global economic growth in 2026 from . percent to . percent2. Economic growth in the European Union is projected at . percent. In the United States, a rate of 2. percent is expected, also below the previous year’s level. Emerging markets are also expected to record growth below the previous year’s level, but continue to display greater economic momentum than advanced economies. Growth in India is expected to remain particularly strong at 6. percent, while China’s gross domestic product is forecast to increase by . percent. Forecast ination rates also vary across regions. Global ination is projected at . percent in 2026. In the United States, an ination rate of .2 percent is forecast. At 2.6 percent, expected ination in the Eurozone is lower. Austria’s projected ination rate of 2. percent is marginally below the Eurozone average. China’s ination rate is expected to remain comparatively low at .2 percent, while in India it is expected to remain at a higher level of . percent. The monetary policy stance of the major central banks remains shaped by the challenging environment. After leaving its key interest rates unchanged since June 202, the European Central Bank (ECB) raised its rate to 2.2 percent in June 2026, following seven rate pauses. The Federal Reserve (Fed) in the United States had cut key interest rates several times in the previous year and currently maintains the target range for the federal funds rate at .0 to . percent.6 World Economic Outlook Update, January 2026: Global Economy: Steady amid Divergent Forces 2 World Economic Outlook, April 2026: Global Economy in the Shadow of War World Economic Outlook (April 2026) - Real GDP growth World Economic Outlook (April 2026) - Ination rate, average consumer prices Key ECB interest rates 6 USA Fed Funds Zinssatz
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT PALFINGER’s global operations involve nancial transactions in various currencies. The U.S. dollar (USD) has the greatest impact on the company’s business performance. During 202, the USD depreciated signicantly against the euro. This trend continued in 2026. At the beginning of 2026, the exchange rate reached its high of .20. During the year to date, the average exchange rate stood at approximately .. Commodity markets also experienced increased volatility during the reporting period. Brent crude oil prices climbed sharply after the escalation in the Middle East in late February 2026, reaching roughly USD 6 per barrel in early May. Subsequently, prices declined, primarily due to expectations of a ceasere agreement between the United States and Iran. By the end of June 2026, the price of Brent crude traded at approximately USD 2 per barrel, remaining well above the level of approximately USD 6 per barrel at year-end 202. The steel market also recorded rising prices. Northern European Hot-Rolled Coil prices continued the upward trend that had been in place since mid-202. According to Fastmarkets index, the spot price reached approximately EUR 60 per ton at the end of June 2026, representing an increase of more than EUR 0 per ton compared with the low of approximately EUR per ton recorded in July 202. Key factors contributing to this development include U.S. tariff policy, higher energy prices, costs associated with the EU Carbon Border Adjustment Mechanism (CBAM), tighter EU safeguard measures involving higher import duties, and stronger demand across Europe.0 SALES & SERVICE The global function Sales & Service is responsible for PALFINGER’s sales and service business and is organized into regions. Distribution is carried out by PALFINGER’s own as well as independent general agents and dealers. PALFINGER’s comprehensive global sales and service network comprises around 200 general importers and dealers across 0 countries. SIGNIFICANT EVENTS IN THE FIRST HALF OF 2026 On a global basis, order intake remained stable during the rst half of 2026. However, the anticipated market recovery did not materialize, due to persistent geopolitical tensions and volatile global economic conditions. In several markets, customers adopted a cautious approach, resulting in delays to investment decisions. However, regional declines were largely compensated by stronger demand in other regions and business areas. As of the reporting date, PALFINGER has an order backlog of ve months. PALFINGER’s largest region, Europe, Middle East and Africa (EMEA), recorded a slightly positive development in the rst six months of 2026, although performance differed signicantly among the individual subregions. Southern Europe continued to perform very positively. A slight recovery in order intake was evident in Northern Europe. In Central Europe, by contrast, demand remained at a low but stable level. The North America (NAM) region likewise continued to operate at a low but stable level. A wait-and-see attitude was particularly evident in this market, partly due to volatile U.S. tariff policy and the conict in the Middle East. Latin America (LATAM) continued the stable development seen in recent years. However,a slight slowdown in market momentum became evident at the beginning of the second quarter 2026. The Asia Pacic (APAC) region experienced a slightly positive overall trend, although performance differed across the individual subregions. As in 202, the Indian market represented the primary driver of growth. Market development in China, by contrast, remained muted. Southeast Asia was noticeably affected by higher energy prices resulting from the ongoing risks and recurring blockades of the Strait of Hormuz. A decline in the Marine service business resulting from the conict in the Middle East was largely offset by increased demand in the wind sector. As a result, Marine remained stable at a solid level. Since 2022, the CIS region has operated autonomously and in isolation. Sanction and the prolonged duration of the war negatively affected the performance of the Russian entities during the rst half of 2026. US dollar (USD) https:/ /www.nanzen.net/rohstoffe/oelpreis Stahlpreis aktuell: Preis, Entwicklung & Prognose 2026 | Tacto 0 Carbon Border Adjustment Mechanism (CBAM)
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT In March, PALFINGER was represented at CONEXPO 2026, North America’s largest construction trade show. Nine products were showcased at the PALFINGER exhibition booth, which recorded more than ,000 visitors. Overall, more than 2,000 exhibitors and approximately 0,000 visitors attended the trade show. Key highlights of PALFINGER included the new TEC 0 and 20 cranes, which are now also available in the North American market. In addition, several major orders were secured. OUTLOOK Rising global demand for mining commodities, particularly copper, is expected to lead to increased market momentum again in the LATAM region during the second half of the year. Overall, market development is expected to improve in the second half of 2026. Key factors that may support this development include a more stable U.S. tariff policy and progress toward peace negotiations in individual geopolitical conict regions. PROCUREMENT AND SUPPLY CHAIN MANAGEMENT The global function Procurement comprises the following categories: Raw Material, Cylinder, Control Systems & Mechatronic, Hydraulic & Equipment, Drawing & Standard Parts, Chassis as well as Indirect Spend & Investment. It is responsible for PALFINGER’s entire purchasing volume. The global function Supply Chain Management plans, coordinates, and monitors all activities along the supply chain to ensure a smooth production process. SIGNIFICANT EVENTS IN THE FIRST HALF OF 2026 Despite global economic and geopolitical tensions, PALFINGER did not experience any signicant disruptions to supply chains or material availability during the rst half of 2026. Individual suppliers encountered nancial challenges due to the generally difcult economic environment. Through its double- and multiple-sourcing strategies, which have been implemented and further developed in recent years, PALFINGER was able to proactively mitigate potential impacts, thereby maintaining a stable supply of materials in the rst half of 2026. The inventory optimization measures introduced in 202 continued to be consistently pursued. During the rst six months of 2026, costs were partially reduced, supported by securing steel priced at favourable levels in the previous year and by further centralizing operational procurement activities. . In the second half of the year, steel prices are expected to increase. Key drivers include U.S. tariff policy, higher energy prices, and stricter EU measures under the Carbon Border Adjustment Mechanism (CBAM), which, among other provisions, limits the volume of imports eligible for duty-free treatment. At the same time, high volatility in crude oil prices led to price increases for numerous products dependent on crude oil throughout the supply chain, including fuels, plastics and coatings. Energy and transportation costs also increased during the rst half of 2026. Although the ongoing risks and recurring blockades of the Strait of Hormuz did not directly affect PALFINGER’s supply chains, the resulting increase in prices had an indirect impact on procurement and logistics costs. In addition, the U.S. Supreme Court determined that part of the tariffs imposed and paid in 202 were unlawful, and the associated refund process has been initiated.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 7 OUTLOOK Expectations for the second half of 2026 include a slight increase in the cost of raw materials, mainly driven by higher steel and crude oil prices. The focus will remain on the optimization of inventory levels and working capital throughout the value chain. PRODUCTION Production at PALFINGER is the responsibility of the global function Operations. This comprises all production plants of the PALFINGER Group and is organized into regions. With over ,000 employees, more than half of PALFINGER’s total workforce is engaged in production. SIGNIFICANT EVENTS IN THE FIRST HALF OF 2026 Production capacity utilization developed differently across the individual regions during the rst half of 2026, but remained stable overall at group level. In the EMEA region, capacity utilization at production sites was in line with the previous year’s level. The NAM region showed a mixed picture. While U.S. plants continued to operate at low utilization levels, the Canadian site maintained high capacity utilization. Production capacity utilization in the LATAM region was stable but is expected to decline slightly in the second half of the year, reecting the overall market situation. In the APAC region, capacity utilization at the production facility in Rudong (China), which is operated through a joint venture with SANY , was below the level of the previous year. Production capacity has already been adjusted accordingly. In the Marine sector, capacity utilization for boats and davits as well as cranes remained at a good level. Since 2022, the CIS region has operated autonomously and independently. Sanctions and the prolonged duration of the war had an adverse impact on the development of the Russian units in the rst half of the year, with the plants recording low capacity utilization. In Ormož, Slovenia, the groundbreaking ceremony for the new production facility, including a logistics hub and a modern training center, took place as planned in the rst half of 2026. Completion is scheduled for 202. In May, PALFINGER signed an agreement securing long-term use of a plot of land for its new assembly facility in Pune in the growth market of India. Detailed planning for the facility and the process of obtaining building permits are currently in progress. Delivery reliability remained consistent with the previous year’s level despite the impact of volatile U.S. tariff policy as well as the ongoing risks and recurring blockades of the Strait of Hormuz. OUTLOOK Given the currently stable level of capacity utilization, there is no need for capacity adjustments at present. PALFINGER will continue to closely monitor external factors, including the situation in the Middle East and the stabilization of U.S. tariff policy, as well as their potential impact on market situation, in order to take appropriate action at an early stage where necessary. RESEARCH AND DEVELOPMENT Research and development play a crucial role in PALFINGER’s success and positioning the company as a global leader and innovative technology company. The global function Product Line Management & Engineering bundles all research and development activities and has more than 00 employees at 2 locations. The Centers of Excellence focus on cross-product-line development of modules in the areas of mechatronics and embedded software, providing core infrastructure for product and component testing, and the continuous improvement of methodological capabilities in development, such as model-based systems engineering.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 8 SIGNIFICANT EVENTS IN THE FIRST HALF OF 2026 The PAL Pro service truck for the North American market underwent a comprehensive revision. Key innovations include a pistol-grip radio remote control with an expanded display and the latest PALTRONIC control system. New functionalities include load moment monitoring, real-time visualization of load and stability parameters, as well as integrated stability and boom stow monitoring. Additional structural improvements enhance safety, operator comfort and efciency in daily operation. Furthermore a new aluminum sidepack option reduces the overall vehicle weight , allowing higher payload capacity. As part of its research and development activities, PALFINGER entered into a strategic technology partnership with U.S. -based company ICON, a pioneer in robotic D printing for the construction industry. The collaboration focuses on advancing large-scale robotic solutions at the intersection of construction, automation and digital manufacturing. PALFINGER contributes its engineering expertise, modular system platforms and lifting solutions to ICON’s large-scale “Titan” D printing system. PALFINGER’s solutions provide the precise positioning, stability and scalability required for automated printing processes involving multi-level structures. Initial prototypes have successfully completed testing and demonstrate potential for more efcient, safer and more cost-effective construction processes. PALFINGER Marine continues to advance the electrication of offshore lifting solutions. The new, fully electric jib cranes are specically designed to operate in low-manned and unmanned offshore installations, particularly offshore wind farms. Their compact design protects key components inside the structure when parked from weather-related exposures and lowering maintenance requirements and operating costs. Depending on the model, the cranes provide lifting capacities of up to 0 tons and outreach distances of up to 0 meters. The fully electric drive system supports energy-efcient, low-emission operation and signicantly reduces energy consumption compared with conventional hydraulic cranes. At the same time, integrated control and diagnostic technology enables remote monitoring and operation from onshore locations. With these solutions, PALFINGER makes an important technological contribution towards safer, more efcient and more sustainable lifting solutions for the offshore wind sector. OUTLOOK As the global market leader for crane and lifting solutions, PALFINGER continues to invest extensively in research and the continuous development of its product range. The second half of 2026 will see the introduction and market launch of new models across different product lines. OTHER EVENTS On April , 2026, the th ordinary general meeting of PALFINGER AG took place in Salzburg, with approximately 0 shareholders entitled to vote in attendance. Key resolutions included the approval of a dividend distribution of EUR 0.0 per share, resulting in a total dividend payout of approximately EUR . million. Furthermore, three members of the Supervisory Board were re-elected, and the remuneration report as well as the amended remuneration policy were approved. CORPORATE CHANGES On May 2, 2026, all shares in KESTRELEYE GmbH, Austria, were sold. Until that date, the shares had been recognized in the nancial statements under other equity investments.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 9 BUSINESS RELATIONSHIPS WITH CLOSELY RELATED PERSONS AND COMPANIES For information on business relationships with closely related persons and companies, please see the interim consolidated nancial statements. For further information on the individual business relationships, please refer to the consolidated nancial statements of PALFINGER AG as at December , 202. ASSETS, FINANCIAL POSITION AND RESULTS OF OPERATIONS ASSETS AND FINANCIAL POSITION In the rst half of 2026, equity increased to EUR 6. million after EUR 6. million for the same period in the previous year. The increase was primarily attributable to the sale of treasury shares in the second half of 202 and the consolidated net result. Following 6.22 percent in the rst half of 202, the equity ratio amounted .6 percent in the rst half of 2026. The average working capital remained relatively constant in the rst half of 2026 at EUR 2.0 million compared to the year end 202 and was signicantly below the previous year's level (-6 202 : EUR 0. million). Net debt decreased signicantly in the rst half of 2026 to EUR 26. million compared to EUR 6. million in the rst half of 202, due in part to lower nancing requirement resulting from the sale of treasury shares in the second half of 202. This also led to an improvement in the net debt/EBITDA ratio, which decreased to . . Due to an improved operating cashow, a positive free cashow of EUR . million in the rst half of 2026 was achieved, despite increased investment activity, compared to EUR 2. million in the rst half of 202. EARNINGS SITUATION Group sales in the rst half of 2026 increased to EUR ,6.6 million (-6 202: EUR ,. million). The increase was primarily driven by the EMEA region and Marine sector. The remaining regions were unable to match prior-year level due to the challenging market conditions. Cost of sales developed in line with the increased sales and amounted in the rst half of 2026 to EUR.million (-6 202: EUR 2. million). Variable personnel expenses increased by 2. percent to EUR 0. million in the rst half of 2026 (-6 202: EUR 2.2 million). The gross prot increased to EUR . million (-6 202: EUR 0.6 million), while the gross prot margin slightly declined to 2.0 percent. Lower capacity utilization in the production plants, as well as the decline in revenue in the NAM, LATAM, APAC and CIS regions led to a reduction in EBIT to EUR . million in the rst half of 2026 (-6 202: EUR 0. million). EBITDA also decreased below the prior-year level, amounting to EUR . million in the rst half of 2026 (-6 202: EUR 6. million). The nancial result for the rst half of 2026 improved primarily due to the lower interest expenses, amounting EUR -.2 million compared to EUR -.0 million for the same period in the previous year. Earnings before taxes decreased in the rst half of 2026 to EUR 0. million following EUR 2. million in the same period in 202. The consolidated result decreased from EUR 0. million in the rst half of 202 to EUR .0 million in the rst half of 2026.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 1 DEVELOPMENT OF THE SEGMENTS The segments at PALFINGER are divided in Sales & Service, Operations and other non-reporting segments. SALES & SERVICE SEGMENT Overall, the revenue in the rst two quarters of 2026 increased to EUR ,0. million (-6 202: EUR ,026. million). The key driver was the growth in the EMEA region and a slight increase in the Marine sector. Due to the challenging economic and geopolitical market environment, the remaining regions remained below the prior-year level. EBITDA (-6 2026: EUR 0.0 million/-6 202: EUR . million), EBIT (-6 2026: EUR 6. million/-6 202: EUR 0. million) and EBIT margin (-6 2026: . percent/-6 202: 0.2 percent) declined due to lower earnings in the NAM, LATAM, APAC and CIS regions. OPERATIONS SEGMENT In the region EMEA output was increased due to the strong order situation. The challenging market environment in other regions, especially NAM and APAC, led to a lower production capacity utilization. In particular, in regions where market conditions remain difcult, the focus is on aligning the cost structure with the lower level of capacity utilization. External sales in the rst half of 2026 increased to EUR . million compared to EUR 66. million for the same period last year. EBITDA rose to EUR . million (-6 202: EUR . million), EBIT to EUR 2.6 million (-6 202: EUR .0 million). OTHER NON-REPORTING SEGMENTS External sales decreased in the other non-reporting segments to EUR . million (-6 202: EUR 6. million). EBITDA was above the gures for the same period in the previous year at EUR -. million (-6 202: EUR -2. million). EBIT improved at EUR -. million (-6 202: EUR -2. million) due to higher intercompany charges from the holding unit.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 11 RISK REPORT FOR 2ND HALF-YEAR 2026 RISK MANAGEMENT SYSTEM Volatile economic outlook shapes risk position Geopolitical tensions gaining in importance Russian war of aggression against Ukraine remains signicant risk The risk environment in the second half of 2026 continues to be signicantly shaped by uncertainty regarding the outlook for global economic growth. Additionally, persistent geopolitical tensions, including developments surrounding the conict in the Middle East and the closure of the Strait of Hormuz, continue to affect market conditions, demand trends and planning reliability. In the EMEA region, PALFINGER recorded a slight increase in order intake in the rst six months of 2026. In the other regions, demand remained below expectations due to the continued volatile and challenging market environment. To mitigate risks, structural costs are being strictly controlled and additional sales measures are being implemented. In the long term, the development of growth markets leads to risk mitigation by diversifying across different geographical areas. The impacts of Russia’s war of aggression against Ukraine continue to pose signicant challenges for PALFINGER. It remains difcult to assess the Russian government’s future behavior towards foreign investors. Following interventions in the property rights of foreign investors and forced disposals in strategic areas, an expansion of such measures cannot currently be ruled out. In addition, there is a risk of deconsolidation due to a change in prevailing expert opinion on the full consolidation of Russian subsidiaries. Additionally, due to the tense economic situation in Russia, there is a continued risk of liquidity bottlenecks, potentially resulting in the illiquidity of Russian subsidiaries. The comprehensive tariffs imposed by the U.S. government since March 202 are also affecting PALFINGER and require corresponding operational adjustments. The risk of increased or additional tariffs and the potential termination of free trade agreements remain a material concern. To manage this risk, a number of measures are employed, including price increases, short-term delivery stops, and making use of existing free trade agreements. The “local for local” principle of production also contributes to risk mitigation. In addition, the refund process has been initiated for the part of the tariffs paid in 202 that the U.S. Supreme Court determined to have been imposed unlawfully. However, the timing and amount of any potential refunds remain subject to uncertainty and could take a prolonged period to resolve. The risk of cybercrime increases as a result of advancing digitalization and the expanding use of articial intelligence, making cyberattacks increasingly automated, scalable and complex. To strengthen cyber resilience, PALFINGER has implemented standards across the group, harmonized processes and systematically continued to strengthen capabilities for threat detection, protection and incident response. The risks described in the 202 annual report continue to be of signicant importance. In the second half of 2026, the risk situation is particularly inuenced by the following risks described in detail.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 12 Risk category Risk description Risk minimization measures Politics Illiquidity of the Russian business Expropriation of the Russian business Deconsolidation of the Russian business Despite sufcient liquidity being available at this time, the ongoing tense economic situation in Russia poses a number of challenges in 2026. Sluggish growth, faltering industrial output, and the downturn in the machinery manufacturing sector could lead to a decline in revenue. This in turn increases the risk of liquidity bottlenecks, potentially resulting in the illiquidity of subsidiaries. Additionally, there is a risk that the Russian companies may be taken over by the Russian government as a result of legislative measures. If the prevailing opinion on the full consolidation of Russian subsidiaries changes, there is also a risk of deconsolidation. Economic developments in Russia ant the the liquidity situation, remain under continuous observation. Due to the sanctions imposed, business-related actions, such as securing loans, are the responsibility of local management. The segregation of the Russian business and maintaining its autonomy continue to be employed as safeguards against potential expropriation risks. The situation regarding the deconsolidation risk is under continuous observation, with responses being initiated as necessary. Tariffs The imposition of additional tariffs by the U.S. government since March 202 affects PALFINGER due to the import of materials and goods into the U.S. Tariffs may also affect supply chains and sales opportunities in 2026. There continues to be a risk of higher or further tariffs being imposed and of free trade agreements being terminated. A designated task force monitors this risk and coordinates appropriate responses. Key measures taken to date include price increases, short-term delivery stops taking into account the existing inventory levels in the U.S., and the leveraging of free trade agreements. In addition, the refund process has been initiated for the part of the tariffs paid in 202 that the U.S. Supreme Court determined to have been imposed unlawfully. However, the timing and amount of any potential refunds remain subject to uncertainty and could take a prolonged period to resolve. Economy Economic development of sales markets The risk environment in the second half of 2026 signicantly shaped by uncertainty regarding the outlook for global economic growth. In the EMEA region, order intake increased slightly in the rst six months of 2026. In all other regions, order intake remained largely stable despite persisting volatility and the challenging market environment. Over the medium to long term, the economic cycle generates signicant uncertainty (both positive and negative) regarding the achievement of targets across all key markets where PALFINGER operates. To mitigate risks, structural costs are being strictly controlled, the output adjusted and sales measures implemented. The S&OP (Sales & Operations Planning) cycle enables short-term control. Over the long term, the development of growth markets leads to risk mitigation by diversifying across different geographical areas. Bad debt PALFINGER grants customers market- standard payment terms. Adverse economic developments in certain regions may increase the risk of bad debt losses over the short to medium term. The process for monitoring credit limits and receivables is standardized across the group and codied in the group policies. Dealers’ nancials are subject to both scheduled annual reviews and unscheduled ad-hoc assessments throughout the year. In addition, trade credit insurance is in place in certain markets.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 1 Risk category Risk description Risk minimization measures Technology Cybercrime The risk of cybercrime continues to increase as a result of advancing digitalization and the expanding use of articial intelligence. AI technologies enable attackers to develop increasingly automated and scalable methods, such as phishing campaigns, social engineering and malware generation, thereby increasing the complexity and effectiveness of potential cyberattacks. Implementation of the “Cyber Security Management” policy across the group to establish uniform minimum standards, clear responsibilities and standardized processes for the prevention, detection and response to cyber incidents and to strengthen cyber risk management, compliance and security awareness throughout the group.Measures implemented include increased automation of security alert handling to improve the speed of response to AI-driven attacs, accelerated patch cycles, external security reviews of critical IT systems, and crisis simulation exercises to strengthen incident response capabilities. Product defects / warranty A varying level of maturity in the implementation of quality assurance standards and processes poses a signicant risk in terms of warranty and associated costs. Over the longer term, the strategy of outsourcing also leads to increasing volumes and greater dependency on external suppliers. There is a risk that the implementation of quality assurance standards and processes falls short of expectations. Shortcomings in product quality may also expose the PALFINGER brand to reputational damage. Quality management has been established as a standalone corporate function with explicit escalation and decision-making rights. PALFINGER focuses on the consistent implementation of quality processes, supported by organizational independence. Strategically, quality management is integrated into outsourcing and PDP (Palnger Development Process). Additionally, full matrix certication under ISO 00, 00, 000, and 00 will be implemented by 202. Digital audit tools are used in supplier management, and audit rates are set as quality KPIs. Internal risks Fraud & gaps in the ICS Insights from internal audits, fraud investigations and historical precedents indicate signicant potential for improvement in the internal control system (ICS). Group policies, standardized processes and systems, and acting on recommendations from internal audits strengthen governance, process compliance and transparency. Legal Compliance violations As a global company, PALFINGER is subject to a large number of local laws, international standards and legal practices. Signicant compliance issues for PALFINGER include fraud and corruption, sanctions and export control, antitrust law, data protection, capital market compliance, human rights, and environmental standards. Violations may result in consequences such as nes and claims for damages. Key compliance risks are routinely identied through risk assessments at regional level. A binding Code of Conduct forms the basis for employees and PALFINGER partners. The implementation of specic compliance requirements (e.g., anti-corruption, sanctions compliance and antitrust law) is mandated by relevant group policies. A group-wide compliance training program raises employee awareness. Impairment of assets and goodwill If the market situation deteriorates, impairment charges may need to be recognized on individual assets, particularly goodwill. A framework of planning and management processes is in place, allowing for continuous adjustments of costs and outputs. Ongoing monitoring is undertaken to identify any indicators that necessitate adjustments to asset valuations.
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PALFINGER AG INTERIM REPORT 2026 CONSOLIDATED MANAGEMENT REPORT 1 OUTLOOK The market environment remains challenging. The conict in the Middle East, the ongoing impact of Russia’s war of aggression against Ukraine, and the volatile U.S. tariff policy continue to weigh on economic development in many markets. Nethertheless, PALFINGER is well positioned, supported by its strong market position, balanced business model, and the exibility enabling the company to respond quickly to changing market conditions. Accordingly, PALFINGER targets revenue and operating earnings above the prior-year level for the 2026 nancial year. In response to the changed market environment, PALFINGER has launched a comprehensive efciency program. The program aims to reduce structural costs by EUR 2 million, thereby maintaining a stable cost base in 202 despite ination and continued growth. As the economic recovery in the core markets of the United States and Germany is progressing more slowly than anticipated, the achievement of the nancial targets set for 202 (revenue of EUR 2. billion, an EBIT margin of 0 percent and a ROCE of 2 percent) is expected to be delayed. The long-term nancial targets for 200 dened under Strategy 200+ remain unchanged. PALFINGER continues to target revenue of more than EUR .0 billion, an EBIT margin of 2 percent and a ROCE of percent, underlining its clear commitment to sustainable growth and long-term value creation. Bergheim, July 2, 2026 The Executive Board of PALFINGER AG Ing. Andreas Klauser Mag. Maria Koller Dr. Felix Strohbichler Dr. Alexander Susanek CEO CHRO CFO COO
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENT AS AT JUNE 30, 2026 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) EUR thousand Note Apr–June 05 Apr–June 06 Jan–June 05 Jan–June 06 Revenue 1 58 ,98 4,13 1,139,489 1,1 5,59 Cost of sales (4 5,19) (44 ,57) (8 9,931) (851,5 5) Gross profit 6,5 5,553 30 ,55 3 4,05 Other operating income 7,154 11,3 8 14,8 18,475 Research and development costs (1 ,15) ( ,18) (33, 17) (3 ,793) Distribution costs (47,5 7) (5 ,88) (93,818) (1 1,498) Administrative expenses (49,3 5) (45,7 3) (98,4 ) (97, 5) Other operating expenses (8,831) (9, 41) (17,477) (1 ,1) Share of prot/loss of companies reported at equity 3 3,158 ,3 8,9 3, 55 Earnings before interests and taxes – EBIT 50, 6 4 ,33 0,36 4,06 Net nancial result (9,4 5) (7,7 4) (18, 3) (13,19 ) Earnings before income tax 40, 35,0 0 ,33 0,6 Income tax expense (1 ,14) (8,84 ) (18,31 ) (17,9 5) Result after income tax 30, 56 6,64 54,0 5 ,0 thereof shareholders of PALFINGER AG (consolidated net result) ,46 3,335 50, 0 4 ,0 thereof non-controlling interests ,0 , 3, 6 4, 3 EUR Earnings per share (undiluted and diluted) 5 .81 . 1.44 1. 8
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONDENSED) EUR thousand Apr–June 05 Apr–June 06 Jan–June 05 Jan–June 06 Result after income tax 30, 56 6,64 54,0 5 ,0 Other comprehensive income that will not be reclassified to profit/loss net of tax Remeasurement acc. to IAS (after tax) - - - - Other comprehensive income that may be be reclassified to profit/loss net of tax Unrealized gains ( + )/losses (–) from foreign currency translation (after tax) ( 8,849) 5,9 (1,758) 14,4 Unrealized gains ( + )/losses (–) from cash ow hedge (after tax) (7 8) (541) 1, 5 ,48 Other comprehensive income after income tax ( ,5) 5,365 ( 0) 6,46 Comprehensive income 6 3 ,5 53, 0 6 ,4 thereof shareholders of PALFINGER AG (5 5) , 4 ,6 65, 60 thereof non-controlling interests ,64 ,63 6,634 4,6
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 17 CONSOLIDATED BALANCE SHEET EUR thousand Note 30 June 05 3 Dec 05 30 June 06 Non-current assets Intangible assets 57,5 ,453 9,84 Property, plant and equipment 44,815 1,1 7 ,494 Investment property ,87 ,584 ,55 Investments accounted for using equity method 3 8 ,1 8 ,98 83,159 Other non-current assets 4, 53 ,844 3,53 Deferred tax assets 9,999 3 ,831 34,77 Non-current nancial assets 7 5,43 11,314 1 ,974 ,04,30 ,05,040 ,0,35 Current assets Inventories 4 4,1 553,158 14,14 Trade receivables 4 7,798 73,58 94,5 Contract assets 4 3 ,71 1,135 15,3 8 Other current receivables and assets 79, 48 78, 9 81, 44 Income tax assets 5, 8 5, 55 3,538 Current nancial assets 7 ,337 1,37 1,394 Cash and cash equivalents 54, 1 157,4 8 55, 54 ,05,650 ,00,56 ,065,0 Total assets ,,5 ,4,636 ,,534 Equity Share capital 34,7 7 37,593 37,593 Additional paid-in capital 8 ,844 87,41 87,41 Treasury stock (9 ,7) - - Retained earnings 8 ,337 848,79 8 5,49 Reserve of exchange differences on translation (11 ,5) (11 ,48) (97,77 ) Total equity of the shareholders of PALFINGER AG 4,63 6,33 ,640 Non-controlling interests 53, 55 57,8 5 53,788 6,6 , 46,4 Non-current liabilities Non-current nancial liabilities 7 9,38 514,487 413,9 8 Non-current provisions 43,58 41,4 8 41, 8 Deferred tax liabilities 11, 5 1 ,347 18,543 Non-current contract liabilities 4,53 5, 51 5,8 5 Other non-current liabilities 313 31 66 ,34 5 3,44 4 ,506 Current liabilities Current nancial liabilities 7 14 ,3 115,479 18 ,3 Current purchase price liabilities from acquisitions , 7 - Current provisions 4 ,73 43,45 38, 1 Income tax liabilities 1 ,97 14, 49 13,4 3 Trade payables and other current liabilities 411, 3 4 3,778 447, 5 Current contract liabilities 71,7 7 7 ,9 5,15 6 ,3 64 ,4 46,600 Total equity and liabilities ,,5 ,4,636 ,,534
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 18 DEVELOPMENT OF CONSOLIDATED CAPITAL (CONDENSED) Equity attributable to the shareholders of PALFINGER AG EUR thousand Share Capital Additional paid-in capital Treasury Stock Retained Earnings Reserve of exchange differences on translation Non- controlling interests Equity As at Jan 05 34, 6 6,44 ( 6,66) , ( 0,4) 54,30 53,06 Total comprehensive income Result after income tax - - - 5 ,1 - 3,9 54,0 Other comprehensive income after income tax Unrealized gains (+)/losses (–) from foreign currency translation - - - - (4,4) ,77 (1,758) Unrealized gains (+)/losses (–) from cash flow hedge - - - 1, 5 - - 1, 5 - - - 5 ,5 (4,466) 6,634 53, 0 Transactions with shareholders Dividends - - - (31, 9) - (7, 45) (38,935) Disposal non-controlling interests - - - (1 3) - (4 ) (1 ) Other changes - - - - - 1 1 - - - (3 ,43) - ( ,6) (3 ,00) As at 30 June 05 34, 6 6,44 ( 6,66) 0,33 ( ,650) 53, 55 6,6 As at Jan 06 3 ,53 ,40 - 4, ( ,4) 5 ,65 , Total comprehensive income Result after income tax - - - 47,97 - 4,93 5 ,9 Other comprehensive income after income tax Unrealized gains (+)/losses (–) from foreign currency translation - - - - 14,71 ( 44) 14,4 Unrealized gains (+)/losses (–) from cash flow hedge - - - ,48 - - ,48 - - - 50,450 4,0 4,6 6 ,4 Transactions with shareholders Dividends - - - (33,834) - (8,7 5) (4 ,599) Other changes - - - 1 - - 1 - - - (33, 33) - ( ,65) (4 ,5) As at 30 June 06 3 ,53 ,40 - 65,40 ( ,) 53, 46,4
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 19 CONSOLIDATED STATEMENT OF CASH FLOWS (CONDENSED) EUR thousand Jan–June 05 Jan–June 06 Cash flow from operating activities Result before tax 7 ,338 7 ,87 Write-downs ( + )/write-ups (–) of non-current assets 4 ,3 49, 74 Gains (–)/losses ( + ) on the disposal of non-current assets 39 (4 9) Non-cash change in purchase price liability (4) - Interest income (–)/interest expenses ( + ) 1 ,97 13, 8 Undistributed prots from companies reported at equity (8,9 ) (3, 55) Other non-cash income (–)/expenses ( + ) 9,194 ( 8) Increase (–)/decrease ( + ) of assets (85,8 3) ( 7,57) Increase ( + )/decrease (–) of provisions ( ,943) (7, 3) Increase ( + )/decrease (–) of liabilities 3 ,711 38, Cash flow in operations ,6 ,50 Interest received 1,798 ,8 Interest paid ( ,5) (1 ,) Dividends received from companies reported at equity ,94 5,7 1 Income taxes paid (11,343) (15,51 ) 5 ,0 6 ,5 Cash flows from investing activities Cash receipts from the sale of intangible assets and property, plant and equipment 1,115 1,4 9 Cash payments for the acquisition of intangible assets and property, plant and equipment (44,313) (78,95 ) Cash receipts from the sale of subsidiaries 7 - Cash payments for the acquisiton of subsidiaries in prior years () ( ) Cash payments for the acquisition of companies reported at equity ( ) ( 1) Cash payments for the acquisiton of securities ( 7) (17 ) Cash receipts from the sale of securities 8 74 Cash payments for/cash receipts from other assets 1,134 979 (4 ,3) ( 6,) Cash flow from financing activities Dividends to shareholders of PALFINGER AG (31, 9) (33,834) Dividends to non-controlling shareholders (8, 3) (8,7 ) Cash payments for the acquisition of non-controlling interests from prior years (1,1 ) - Repayment of loans for the acquisition of shares (15, ) - Repayment of maturing/terminated loans (3 ,) (5 ,) Raising of short-term nancing 15, 1 ,515 Repayment of current nancing (14, 75) ( ,777) Cash payments for/cash receipts from other nancial liabilities (8,59 ) (1 ,957) ( 4,34) ( 5,3) Total cash flow ( ,5) ( 03,35) Free cash flow) ,0 3,3 05 06 Cash and cash equivalents as at Jan 131,8 3 157,4 8 Effects of exchange rate changes ,37 1,7 1 Total cash ows (79,518) (1 3,935) Cash and cash equivalents as at 30 June 54,66 55, 54 ) Sum total of operating cash ows and investment cash ows plus interest on borrowings minus tax-deductible interest on borrowings
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 2 SEGMENT REPORTING The Sales & Service segment includes the sales and service units. The Operations segment consists of the production sites and the respective production share of a company. The other segments include the non- reportable segment Tail Lift as well as the Holding unit. Jan-June 05 E UR thousand SALES & SERVICE OPERATIONS Oth er Segments Segment Consolidation PALFINGER Group External revenue 1,,451 ,33 4 ,715 - 1,139,489 In tra-group revenue - 48,477 1 ( 48,493) - EBIT 1 4,47 8,959 ( 3,1) - 9,38 Jan–June 06 E UR thousand SALES & SERVICE OPERATIONS Other Segments Segment Consolidation PALFINGER Group External revenue 1, 53,35 73,534 38,91 - 1,15,59 Intra-group revenue 1,351 83,833 1,57 ( 8,441) - EBIT 8,9 1,575 (15,438) - 84, NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENT GENERAL PALFINGER AG, headquartered in Bergheim near Salzburg, is a listed company focusing on the production and distribution of innovative crane and lifting solutions for use on commercial vehicles and in the maritime sector. REPORTING PRINCIPLES This condensed interim consolidated nancial statement of PALFINGER AG and its subsidiaries as at 0 June 2026 has been prepared in accordance with IAS . The same accounting policies and valuation methods used in the consolidated nancial statements for the nancial year 202 have been used. The consolidated nancial statement for the year ending December , 202, was prepared in accordance with the International Financial Reporting Standards (IFRS) and the related interpretations of the International Financial Reporting Interpretations Committee (IFRIC) as applicable in the European Union (EU) as of the reporting date. For more information on the reporting and valuation methods applied in each case, please refer to the consolidated nancial statement of PALFINGER AG as of December , 202. This interim consolidated nancial statement of PALFINGER AG has been reviewed by an external auditor.
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 21 CHANGES IN REPORTING AND VALUATION METHODS No changes were made to the accounting and valuation methods in the rst half of 2026. STANDARDS TO BE APPLIED IN THE FUTURE IFRS 18 Presentation and Disclosure in Financial Statements IFRS was not early adopted in the interim nancial statements for the rst half of 2026. Early adoption continues not to be intended. Mandatory initial application will apply to nancial years beginning on or after January 202. The analysis of the expected effects of IFRS was continued during the rst half of 2026. In this context, it was decided that foreign exchange differences arising from intra-group monetary assets and liabilities will be allocated to the category of the statement of prot or loss in which the related income and expenses were recognised prior to consolidation. In addition, the key expected effects on the presentation in the statement of prot or loss include, in particular, the future presentation of the result from equity-accounted investments within the investing category as well as the allocation of fees and interest arising from factoring arrangements to operating prot instead of nance result. Furthermore, the additional subtotal “Operating result including result from equity-accounted investees” will be presented in the statement of prot or loss. This subtotal is intended to reect the Group’s operating performance by including the results of equity-accounted investments that are mostly integrated into the Group’s value chain. The Group also assessed which performance measures used for internal and external management purposes meet the criteria of a Management-dened Performance Measure (MPM) in accordance with IFRS . As part of this assessment, NOPLAT was identied as an MPM. The disclosures required by IFRS , including a reconciliation statement, will be provided from the date of initial application of the standard. Further information on the expected effects of IFRS is provided in the consolidated nancial statements as of December 202. CHANGES TO THE SCOPE OF CONSOLIDATION THE FOLLOWING TRANSACTIONS HAD NO EFFECT ON THE SCOPE OF CONSOLIDATION: On 2 May 2026, all shares in KESTRELEYE GmbH, Austria, were disposed of. Until that date, the shares had been accounted for as other investments.
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 22 NOTES ON THE CONSOLIDATED INCOME STATEMENT (1) REVENUE Jan–June 05 EUR thousand SALES & SERVICE OPERATIONS Oth er Segments PALFINGER Group EMEA 593,448 53,3 1 ,448 7,17 NAM 5, 4 5,88 5,58 88,13 LATAM 5 9,5 3,31 7 3, 4 CIS 44, 8 1,488 - 45,771 APAC 7, ,317 4 74,998 Revenue from customer contracts (IFRS 5) ,06,4 66,33 46, 5 ,3, 0 Other revenue 39 - - 39 Total revenue ,06,45 66,3 3 46, 5 ,3,4 Jan–June 06 EUR thousand SALES & SERVICE OPERATIONS Oth er Segments PALFINGER Group EMEA 5,79 59, 98 19, 48 735,538 NAM 41, 3 ,777 18,47 ,5 LATAM 55,99 ,9 5 59, 8 CIS 41, 45 ,91 - 43,13 APAC 57,889 ,7 9 3 ,819 Revenue from customer contracts (IFRS 5) ,05 ,6 3,534 3 ,6 ,64,5 Other revenue 39 - - 39 Total revenue ,053,365 3,534 3 ,6 ,65,5 0 The breakdown by geographical area is based on the location of customers’ registered ofces. Other revenue primarily consists of income from renting and leasing. NOTE ON THE CONSOLIDATED BALANCE SHEET (2) PROPERTY , PLANT AND EQUIPMEN T Compared to December , 202, property, plant and equipment increased due to additions in land and buildings by an amount of EUR ,2 thousand (-6 202: EUR ,0 thousand) in technical equipment, machinery and tools by EUR ,6 thousand (-6 202: EUR ,2 thousand) and in operating and ofce equipment by EUR 6, thousand (-6 202: EUR 6,066 thousand). Advance payments and assets under construction increased by EUR , thousand (-6 202: EUR ,2 thousand) due to additions. Leased assets increased by additions of EUR ,62 thousand (-6 202: EUR ,6 thousand).
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 2 (3) INVESTMENTS IN COMPANIES REPORTED AT E QUITY The development of investments in companies reported at equity is shown below: EUR thousand 05 06 As at Jan 71,3 3 8,98 Share in the net result for the period 15,53 3,55 Addition , 79 Increase in capital 35 18 Decrease in capital (3,3) - Dividends (7,5 4) (5,7 ) Foreign currency translation 4,37 ,13 As at 3 Dec/30 June ,0 3,5 (4) INVENTORIES AND TRADE RECEIVABLES Inventories increased by EUR 60,66 thousand compared to December , 202, mainly due to an inventory build- up in the NAM and EMEA regions. The increase in trade receivables of EUR 2,0 thousand is primarily due to the EMEA region. As of June 2026, an existing factoring agreement with a domestic nancial institution was restructured. As part of this restructuring, an Austrian company was transferred from a parallel existing factoring program to the new program, and a further US company was included. Under the new factoring program, trade receivables are sold on a revolving monthly basis up to a maximum volume of EUR 20,000 thousand. In connection with the two existing factoring contracts, receivables amounting to a total of EUR ,0 thousand (December , 202: EUR , thousand) had been sold as of the June 0. The receivables were not fully derecognized, as all opportunities and risks associated with the sold receivables were neither transferred nor retained. Receivables from construction contracts and service transactions are shown in the balance sheet under the item "Contract assets from customer contracts" . (5) EQUITY At the Annual General Meeting on April , 2026, dividend payments from 202 earnings of , TEUR were approved. This corresponds to a dividend of EUR 0.0 per share (previous year EUR 0.0 per share). Based on the result after income tax of EUR ,0 thousand (–6 202: EUR 0,02 thousand), undiluted earnings per share amount to EUR .2 (–6 202: EUR .). The diluted earnings per share are the same as the undiluted earnings per share.
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 2 (6) PURCHASE PRICE LIABILITIES FROM ACQUISITIONS EUR thousand 05 06 As at Jan 1,184 Interest cost - Use (1,1 ) ( ) Reversal (4) - Disposal - - As at 3 Dec/30 June 60 - The outst anding balance of the deferred purchase price liability for Equipdraulic of EUR 60 thousand, which remained unpaid as of December 202, was settled in full in February 2026. (7) FINANCIAL INSTRUMENTS The book amounts of nancial instruments not measured at fair value do not differ signicantly from their fair value and therefore represent a realistic approximate value. At June 0, 2026, the Group held the following classes of nancial instruments measured at fair value: Fair value Level fair value Level fair value Level 3 fair value EUR thousand 3 Dec 05 30 June 06 3 Dec 05 30 June 06 3 Dec 05 30 June 06 3 Dec 05 30 June 06 Assets Non-current nancial assets ,187 3,88 1,743 1,914 445 1,9 - - Trade receivables 14,73 151,33 - - - - 14 ,73 151,33 Current nancial assets 391 48 1 1 39 48 - - Liabilities Non-current nancial liabilities 98 448 - - 98 448 - - Current nancial liabilities 313 1,8 4 - - 313 1,8 4 - - In July 2 02, 2,26,6 treasury shares were successfully placed with institutional investors through an accelerated private placement (Accelerated Bookbuilding) at a price of EUR .0 per share. The reconciliation of the book amounts evaluated in accordance with Level is shown below: EUR thousand 05 06 As at Jan 1,41 - Interest cost 59 - Redemption (1,1 ) - As at 3 Dec/30 June - - In the inco me statement, the accrued interest was recorded under interest expenses. Level 2 fair values are determined using observable market data. The fair value of nancial instruments is determined internally using discounted cash ow calculations based on observable currency and interest rate data. Level fair values are determined internally using recognized calculation models based on the equivalent market interest rates and implied volatilities. The calculation is made using a discounted cash ow calculation based on strategic planning.
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PALFINGER AG INTERIM REPORT 2026 INTERIM CONSOLIDATED FINANCIAL REPORT 2 CONTINGENT ASSETS AND LIABILITIES There were no contingent assets as of June 0, 2026. There is an obligation to cover the losses of JETFLY Airline GmbH to the extend of the . percent shareholding. The proportionate obligation amounts to EUR thousand as of the reporting date. RELATIONS WITH RELATED COMPANIES AND PERSONS For further information on the individual business relationships, please refer to the consolidated nancial statements of PALFINGER AG as at December, 202. SIGNIFICANT EVENTS AFTER THE END OF THE INTERIM REPORTING PERIOD On 2 July 2026, PALFINGER AG acquired the remaining non-controlling interests in Andrés N. Bertotto S.A.I.C. and thereby holds 00% of the shares in the company. The total purchase price amounts to approximately USD . million and is payable in four instalments. The rst instalment has already been paid. No other material events have occurred since the end of the interim reporting period. Bergheim, July 2, 2026 Executive Board of Palnger AG Ing. Andreas Klauser Mag Maria Koller Dr. Felix Strohbichler Dr. Alexander Susanek CEO CHRO CFO COO
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PALFINGER AG INTERIM REPORT 2026 STATEMENT OF ALL LEGAL REPRESENTATIVES 2 STATEMENT OF ALL LEGAL REPRESENTATIVES IN ACCORDANCE WITH SECTION 125 PARA. 1 OF THE AUSTRIAN STOCK EXCHANGE ACT We conrm to the best of our knowledge that the condensed interim consolidated nancial statement gives a true and fair view of the assets, nancial position and earnings of the group as required by the applicable accounting standards and that the interim group management report gives a true and fair view of the assets, nancial position and earnings of the group in relation to the important events that have occurred during the rst six months of the nancial year. We declare that their impact on the condensed interim consolidated nancial statement and the principal risks and uncertainties for the remaining six months of the nancial year and of signicant transactions concerning related parties have been disclosed. Bergheim, July 2, 2026 Executive Board of Palnger AG Ing. Andreas Klauser Mag Maria Koller Dr. Felix Strohbichler Dr. Alexander Susanek CEO CHRO CFO COO
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PALFINGER AG INTERIM REPORT 2026 REPORT ON THE AUDITOR'S REVIEW 27 REPORT ON THE AUDITOR’S REVIEW We draw attention to the fact that the English translation of this report according to section 2 of the Austrian Commercial Code (UGB) is presented for the convenience of the reader only and that the German wording is the only legally binding version. INTRODUCTION We have reviewed the accompanying condensed consolidated interim nancial statements of PALFINGER AG, Bergheim bei Salzburg, as at June 0, 2026. The condensed consolidated interim nancial statements comprise the consolidated statement of income (condensed), the statement of comprehensive income (condensed), the consolidated balance sheet as at June 0, 2026, the consolidated statement of changes in equity (condensed) for the period from January to June 0, 2026 and the consolidated statement of cash ows (condensed), as well as the notes to the condensed consolidated interim nancial statements that summarize the signicant accounting and valuation methods and include other disclosures. The Company’s management is responsible for the preparation of these condensed consolidated interim nancial statements in accordance with IFRSs as adopted by the EU on “Interim Financial Reporting” . The management is also responsible for preparing nancial statements that give a true and fair view of the nancial position of the Company, of its nancial performance and cash ows for the year then ended in accordance with the IFRS on “Interim Financial Reporting” , as adopted by the EU. Our responsibility is to express a conclusion on these condensed consolidated interim nancial statements based on our review. As provided under section 2 para. 2 UGB, our responsibility and liability for proven damages due to gross negligence is limited to EUR 2 million. Our liability for slight negligence is excluded in accordance with the General Conditions of Contract for the Public Accounting Professions (AAB 20) issued by the Austrian Chamber of Tax Advisers and Auditors, underlying this engagement. The limitation of our liability agreed with the client and published here also applies to any third parties acting upon or refraining from acting upon information contained in our review report. SCOPE OF THE REVIEW We conducted our review in accordance with the legal provisions applicable in Austria and the relevant expert opinions and standards, in particular Expert Opinion KFS/PG “Guidelines for the review of nancial statements” . A review of interim nancial information consists of making inquiries, primarily of persons responsible for nancial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope and involves less evidence than an audit, and consequently does not enable us to obtain assurance that we would become aware of all signicant matters that might be identied in an audit. Accordingly, we do not express an audit opinion.
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PALFINGER AG INTERIM REPORT 2026 REPORT ON THE AUDITOR’S REVIEW 28 CONCLUSION Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim nancial statements as at June 0, 2026 were not prepared, in all material respects, in accordance with IFRSs as adopted by the EU on “Interim Financial Reporting” . Statement on the half-year consolidated management report and on the statement by management pursuant to section 12 Austrian Stock Exchange Act 218 (BörseG 218) We have read the half-year consolidated management report and evaluated as to whether it does not contain any apparent inconsistencies with the condensed consolidated interim nancial statements. Based on our evaluation, the half-year consolidated management report does not contain any apparent inconsistencies with the condensed interim consolidated nancial statements. The interim nancial information contains the statement by management as set forth under section 2 para. subsec. BörseG 20. OTHER INFORMATION Management is responsible for the other information. The other information comprises the information included in the half-year report 2026, but does not include the condensed consolidated interim nancial statements, the half- year consolidated management report and the review report. Our opinion on the condensed consolidated interim nancial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our review, our responsibility is to read the other information identied above and, in doing so, consider whether the other information is materially inconsistent with the condensed consolidated interim nancial statements or our knowledge obtained in the review, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information that we obtained prior to the date of this report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Vienna July 2, 2026 PwC Wirtschaftsprüfung GmbH Peter Pessenlehner Austrian Certied Public Accountant Disclosure, publication and duplication together with the review report according to section 2 para. 2 UGB in a form not in accordance with statutory requirements and differing from the version reviewed by us is not permitted. Reference to our review may not be made without prior written permission from us.
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PALFINGER AG INTERIM REPORT 2026 GENERAL INFORMATION 29 GENERAL INFORMATION PALFINGER AG Lamprechtshausener Bundesstraße 0 Bergheim Austria www.palnger.ag Contact Investor Relations Tel. + 662 22-00 Fax + 662 22-00 www.palnger.ag Andreas Klauser, CEO – Chief Executive Officer Ext. 00, a.klauser@palnger.com Felix Strohbichler, CFO – Chief Financial Ofcer Ext. 006, f.strohbichler@palnger.com Hannes Roither, VP Investor Relations Ext. 00, h.roither@palnger.com Consulting and Concept Grayling Austria GmbH Graphic Design Strichpunkt Design Translation Greller-Schweickhardt Typesetting in-house, using SmartNotes The English translation of the PALFINGER Report is for convenience. Only the German text is binding. The rounding of individual items and percentages in this report can lead to minor differences in calculated amounts. This report contains forward-looking statements made on the basis of all information available at the date of its preparation. These are usually identified by words such as ‘‘expect’’, ‘‘plan’’, ‘‘estimate’’, ‘‘believe’’ , etc. Actual outcomes and results may be different from those predicted. Likewise, in some cases, changes in non-financial performance indicators of previous years may result from the application of stricter internal control loops for the purpose of improving data quality. Published on July 2, 2026 No liability is assumed for any typographical or printing errors.
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Platzhalter Finanzkalender FINANCIAL Publication of results Q1 – Q3 2026 Publication of Annual Report 2026 Balance sheet presentation 2026 39 th Ordinary Annual General Meeting Ex-dividend date Dividend record date Dividend payment date Publication of results Q1 2027 Publication of Interim Report 2027 Publication of results Q1 – Q3 2027 28. OCTOBER 2026 04. MARCH 2027 04. MARCH 2027 07 . APRIL 2027 09 . APRIL 2027 12. APRIL 2027 14. APRIL 2027 28. APRIL 2027 28. JUL Y 2027 28. OCTOBER 2027 Additional dates such as trade fairs or roadshowas will be announced on the website. Investors and other interested parties who wish to receive regular news about the PALFINGER Group may register on he PALFINGER website (www.palfinger.com) for the IR-infoservice. CALENDAR 2026 PALFINGER AG Lamprechtshausener Bundesstraße 8 A-5101 Bergheim www.palfinger.com