Interim report
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EVERYTHING FOR THIS MOMENT P.PALUC TRUST . PERFORMANCE . SAFETY . HALF - YEAR FINANCIAL REPORT 2026 ZOO FOX R Rrosenbauer
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Rosenbauer Half-Year Financial Report 2026 Group Management Report | Consolidated Financial Statements | Information 01 GROUP KEY FIGURES Key financial figures 1-6 / 2024 1-6 / 2025 1-6 / 2026 Revenues € million 534.6 604.7 625.9 EBITDA € million 29.3 28.2 38.8 EBIT € million 14.4 7.4 20.4 EBT € million -3.0 -10.5 11.1 Net profit for the period € million -5.2 -18.7 3.3 Cash flow from operating activities € million -50.0 -23.8 -60.5 Investments € million 21.3 19.2 25.4 Total assets € million 1,302.4 1,293.8 1,399.9 Equity € million 175.7 305.6 368.8 Equity in % of total assets 13.5% 23.6% 26.3% Capital employed (average) € million 738.3 739.2 744.6 Return on capital employed 2.0% 1.0% 2.7% Return on equity -1.7% -4.1% 3.0% Net debt € million 501.5 314.3 328.5 Trade working capital € million 536.1 477.4 586.2 Gearing ratio 285.5% 102.8% 89.1% Key performance figures 1-6 / 2024 1-6 / 2025 1-6 / 2026 Order backlog as of June 30 € million 2,017.2 2,351.5 2,434.4 Order intake € million 744.2 705.2 717.8 Employees as of June 30 4,398 4,668 5,039 Key stock exchange figures 1-6 / 2024 1-6 / 2025 1-6 / 2026 Closing share price € 35.2 45.6 60.0 Closing number of shares million units 6.8 10.2 10.2 Market capitalization € million 239.4 465.1 612.0 Average number of shares million units 6.8 9.1 10.2 Earnings per share € -1.0 -2.2 0.1
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Rosenbauer Half-Year Financial Report 2026 Group Management Report | Consolidated Financial Statements | Information 02 CONTENTS 03 INTERIM GROUP MANAGEMENT REPORT 05 INTERIM CONSOLIDATED FINANCIAL STATEMENTS 05 Consolidated statement of financial position 06 Consolidated income statement 07 Presentation of the consolidated statement of comprehensive income 08 Statement of changes in consolidated equity 09 Consolidated statement of cash flows 10 Explanatory notes 19 STATEMENT OF ALL LEGAL REPRESENTATIVES 20 CONTACT AND CAPITAL MARKET CALENDAR
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Rosenbauer Half-Year Financial Report 2026 03Group Management Report | Consolidated Financial Statements | Information Economic environment1 Following several years of increased economic uncertainty, global growth remains moderate in 2026. In its World Economic Outlook for 2026, the International Monetary Fund (IMF) expects global economic growth to rise by around 3.0%. This means global expansion remains below the historical average. Geopolitical tensions, the increasing frag- mentation of global trade, and structural challenges in particular are all having an impact. Possible disruptions of key energy and trade routes present additional risks. Regionally, the picture varies: while the US economy is developing at a relatively stable pace, growth in the eurozone remains subdued. China’s economy is continuing to grow but with slowing momentum and structural chal- lenges. Global inflation is declining, with central banks moving closer to their targets at different rates across regions. Monetary policy therefore remains cautious and data dependent. Overall, the risks to the global economy remain largely tilted to the downside. Development of revenues and earnings Revenue development The Rosenbauer Group generated revenues of €625.9 million in the first half of 2026 (1–6/2025: €604.7 million). These were 3.5% higher than in the corresponding period of the previous year. This was due to a high- er number of vehicle deliveries and more business in Preventive Fire Pro- tection. Overall, the Group successfully continued its growth trajectory in the reporting period. Consolidated revenues are currently spread across the different sales regions as follows: Europe area 48.3%, Middle East & Africa area 8.8%, Asia-Pacific area 9.0%, Americas area 31.9%, and Preventive Fire Pro- tection 2.0%. 1 International Monetary Fund, World Economic Outlook, Update July 8, 2026. Cost of sales fell by 1.3% to €497.0 million in the reporting period (1– 6/2025: €503.7 million). As a result, gross profit amounted to €128.9 million (1–6/2025: €101.0 million). The gross profit margin increased to 20.6% (1–6/2025: 16.7%). Geopolitical tensions in the Middle East and the associated uncertain- ties in transportation and delivery routes, especially in connection with the Strait of Hormuz, led to delays in deliveries in certain projects and had a negative impact on assets, liabilities, financial position, and profit or loss in the reporting period. In addition, SAP S/4HANA was introduced in the main Austrian com- panies in April 2026. The introduction was an important step toward modernizing the ERP system and the process landscape. However, the transition led to operational delays to individual deliveries and had a negative impact on assets, liabilities, financial position, and profit or loss in the reporting period. Financial performance The increased business volume and improved contribution mar - gins for vehicles delivered enabled a significantly stronger op- erating result. EBITDA increased to €38.8 million (1–6/2025: €28.2 million), while EBIT nearly tripled to €20.4 million (1–6/2025: €7.4 million). Group EBT reached €11.1 million at the end of the reporting period (1– 6/2025: €-10.5 million). Orders From January to June 2026, the Rosenbauer Group recorded another very strong order intake of €717.8 million (1–6/2025: €705.2 million). Two of five segments succeeded in boosting their order intake. In the US, discussions about tariffs and retaliatory tariffs have impacted ordering behavior. The order backlog for Rosenbauer Group continued to grow and amounted to €2,434.4 million at the end of the first half of 2026 (June 30, 2025: €2,351.5 million). With this order book, the Rosenbauer Group has a solid basis for further profitable revenue growth. Segment development Segment reporting is presented based on four defined sales regions: Europe area, Middle East & Africa area, Asia-Pacific area, and the Amer- icas area. Preventive Fire Protection (PFP) is presented as a separate segment. Europe area segment The Europe area consists of the countries of Europe, with the countries of the DACH region (Germany, Austria, Switzerland) as the historic home market, all other EU countries, Norway, the UK, and the western Balkan countries. Business development Revenues in the Europe area segment were €302.3 million at the end of the reporting period, higher than in the corresponding period of the pre- vious year (1–6/2025: €268.6 million). At €6.5 million, EBIT was lower than the previous year’s level (1–6/2025: €12.5 million). Middle East & Africa area segment Geographically, the Middle East & Africa area comprises the countries in the Near and Middle East and Africa. Business development At €55.1 million, the Middle East & Africa area segment recorded low - er revenues compared with the same period of the previous year (1– 6/2025: €65.3 million). EBIT amounted to €2.2 million (1–6/2025: €3.9 million). INTERIM GROUP MANAGEMENT REPORT
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Rosenbauer Half-Year Financial Report 2026 04Group Management Report | Consolidated Financial Statements | Information Asia-Pacific area segment The Asia-Pacific area comprises the entire ASEAN-Pacific region, Japan, India, China, the CIS countries, and Turkey. Business development In the Asia-Pacific area segment, revenues decreased to €56.5 million year-on-year (1–6/2025: €69.0 million). EBIT fell to €3.5 million (1– 6/2025: €4.4 million). Americas area segment The Americas area comprises North and South America and the Carib- bean. Business development Revenues in the Americas area segment increased to €199.3 million in the first six months of this year (1–6/2025: €193.1 million). EBIT rose to €11.6 million (1–6/2025: €-4.8 million). Preventive Fire Protection (PFP) segment Rosenbauer Brandschutz and Rosenbauer Brandschutz Deutschland plan, install, and maintain stationary firefighting and fire alarm systems for industrial, commercial, and public applications. Both companies are recognized as VdS installer companies. VdS certificates are regarded as an established seal of approval in the firefighting and insurance industry. They underscore the technical competence and high quality of the ser - vices provided. Business development The PFP segment’s revenues increased significantly to €12.7 million in the first six months of 2026 (1–6/2025: €8.7 million). EBIT remained negative in the reporting period and reduced year-on-year to €-3.4 mil- lion from €-8.6 million. Financial and net assets position Total assets increased year-on-year to €1,399.9 million (June 30, 2025: €1,293.8 million). Current assets reported the largest change. These increased to €1,080.7 million as at the reporting date (June 30, 2025: €1,013.3 million). Inventories increased to €798.6 million (June 30, 2025: €684.8 million) due to delayed deliveries. Receivables and other assets amounted to €246.5 million, which is lower than the figure of June 30, 2025 (€298.8 million). Net debt increased to €328.5 million from the previous year’s figure of €314.3 million. The main driver of this was the increase in trade working capital to €586.2 million (1–6/2025: €477.4 million), which involved additional financing requirements. At €-60.5 million (1–6/2025: €-23.8 million), cash flow from operating activities remained significantly negative in the reporting period due to higher trade working capital. Positive cash flow from operating activities is expected for 2026 as a whole. Employees As of June 30, 2026, Rosenbauer employed 5,039 people worldwide (June 30, 2025: 4,668 employees). Investments Investments amounted to €25.4 million in the reporting period (1– 6/2025: €19.2 million). The completion of current investment projects and the further rollout of SAP S4/HANA are particularly important. Significant risks in the remaining months of the financial year Rosenbauer continues to be exposed to macroeconomic and geopolitical uncertainties. Changes in global market conditions as well as economic fluc- tuations can affect cost developments, demand, and the course of business. At the time of reporting, there have been no significant changes com- pared to the risks presented in the 2025 annual financial report. Outlook Sector development is stable at the start of 2026. Well-filled order books and stabilized supply chains are supporting both production and deliv - ery and providing a solid basis for further business development. At the same time there are uncertainties, particularly with regard to public in- vestment budgets, trade policy, and geopolitical frameworks. The Group’s Executive Board thus expects sales and earnings to in- crease further in 2026 and anticipates revenues of up to €1.6 billion. Taking existing uncertainties into account, the EBIT margin is expected to continue to improve to over 6%.
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Rosenbauer Half-Annual Financial Report 2026 05Group Management Report | Consolidated Financial Statements | Information INTERIM CONSOLIDATED FINANCIAL STATEMENTS Consolidated statement of financial position ASSETS (in € thousand) Jun. 30, 2025 Dec. 31, 2025 Jun. 30, 2026 A. Non-current assets I. Property, plant and equipment 150,609 165,052 174,321 II. Intangible assets 61,946 63,572 61,715 III. Right-of-use assets 33,165 42,754 38,227 IV. Securities 163 2 2 V. Investments in companies accounted for using the equity method 1,793 0 0 VI. Deferred tax assets 32,752 42,524 44,886 280,428 313,904 319,151 B. Current assets I. Inventories 684,808 649,310 798,614 II. Receivables and other assets 298,762 307,806 246,527 III. Income-tax receivables 279 2,431 2,508 IV. Cash and cash equivalents 29,491 60,218 33,094 1,013,340 1,019,765 1,080,743 Total ASSETS 1,293,768 1,333,669 1,399,894 EQUITY AND LIABILITIES (in € thousand) Jun. 30, 2025 Dec. 31, 2025 Jun. 30, 2026 A. Equity I. Share capital 20,400 20,400 20,400 II. Capital reserves 133,417 133,417 133,417 III. Other reserves 19,589 13,159 12,409 IV. Accumulated results 129,376 198,771 197,309 Equity attributable to shareholders of the parent company 302,782 365,747 363,535 V. Non-controlling interests 2,858 5,205 5,274 Total equity 305,640 370,952 368,809 B. Non-current liabilities I. Non-current interest-bearing liabilities 185,434 132,880 129,948 II. Non-current lease liabilities 26,337 34,640 30,886 III. Other non-current liabilities 1,228 2,137 1,946 IV. Non-current provisions 28,451 27,349 27,203 V. Deferred tax liabilities 7,538 7,004 6,610 248,988 204,010 196,593 C. Current liabilities I. Putable Non-controlling interests 16,174 18,976 21,941 II. Current interest-bearing liabilities 123,264 126,461 190,258 III. Current lease liabilities 8,953 10,746 10,518 IV. Contract liabilities 347,764 349,422 342,871 V. Trade payables 100,002 98,915 83,316 VI. Other current liabilities 104,234 110,086 132,202 VII. Liabilities for taxes 11,194 11,994 15,327 VIII. Other provisions 27,555 32,107 38,059 739,140 758,707 834,492 Total EQUITY AND LIABILITIES 1,293,768 1,333,669 1,399,894
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Rosenbauer Half-Annual Financial Report 2026 06Group Management Report | Consolidated Financial Statements | Information Consolidated income statement in € thousand 1-6 2025 1-6 2026 4-6 2025 4-6 2026 1. Revenues 604,704 625,883 341,089 322,056 2. Cost of Sales -503,701 -497,005 -290,292 -258,723 3. Gross Profit 101,003 128,878 50,797 63,333 4. Other operating income 5,192 4,091 2,459 2,522 5. R&D and Productmanagement -14,059 -14,607 -9,051 -8,728 6. Selling expenses -32,468 -38,544 -18,138 -20,836 7. Administrative expenses -46,068 -58,911 -22,129 -29,737 8. Other expenses -6,175 -555 -5,490 -590 9. Earnings before interest and taxes (EBIT) 7,425 20,352 -1,552 5,964 10. Interest income 585 387 411 231 11. Interest expense -18,489 -9,659 -11,108 -5,500 12. Share in results of companies accounted for using the equity method 19 0 -28 0 13. Financial result -17,885 -9,272 -10,725 -5,269 14. Earnings before income tax (EBT) -10,460 11,080 -12,277 695 15. Income tax -8,226 -7,738 -6,461 -6,717 16. Net income for the period -18,686 3,342 -18,738 -6,022 thereof Non-controlling interests 1,688 1,896 1,037 1,277 thereof Shareholders of parent company -20,374 1,446 -19,775 -7,299 Average number of shares outstanding 9,066,667 10,200,000 10,200,000 10,200,000 Basic earnings per share -2.25 0.14 -1.94 -0.72 Diluted earnings per share -2.25 0.14 -1.94 -0.72
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Rosenbauer Half-Annual Financial Report 2026 07Group Management Report | Consolidated Financial Statements | Information Presentation of the consolidated statement of comprehensive income in € thousand 1-6 2025 1-6 2026 4-6 2025 4-6 2026 Net profit for the period -18,686 3,342 -18,738 -6,022 Restatements as required by IAS 19 13 27 7 11 thereof deferred taxes -3 -10 -2 -13 Change in fair value of financial liabilities that is attributable to a change in credit risk -456 0 0 0 thereof deferred taxes 105 0 0 0 Total changes in value recognized in equity that cannot be subsequently reclassified into profit or loss -341 17 5 -2 Gains / losses from foreign currency translation -3,828 1,370 -2,885 136 Gains / losses from foreign currency translation of companies accounted for using the equity method 0 0 0 0 Gains / losses from cash flow hedge Change in unrealized gains / losses 5,839 -2,630 2,133 -639 thereof deferred tax -1,135 625 -511 138 Realized gains / losses 270 -19 114 70 thereof deferred tax -157 9 -118 -16 Total changes in value recognized in equity subsequently reclassified into profit or loss when certain conditions are met 989 -645 -1,268 -312 Other comprehensive income 648 -628 -1,262 -314 Total comprehensive income after income taxes -18,038 2,714 -20,000 -6,336 thereof: Non-controlling interests 656 2,017 275 1,196 Shareholders of parent company -18,694 697 -20,276 -7,532
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Rosenbauer Half-Annual Financial Report 2026 08Group Management Report | Consolidated Financial Statements | Information Statement of changes in consolidated equity Attributable to shareholders in the parent company Other reserves in € thousand Share capital Capital reserve Currency translation Restatement as required by IAS 19 Revaluation reserve Hedging reserve Accumulated results Subtotal Non-controlling interests Group equity As of Jan 1, 2026 20,400 133,417 15,688 -4,618 0 2,089 198,771 365,747 5,205 370,952 Other comprehensive income 0 0 1,249 17 0 -2,015 0 -749 121 -628 Net profit for the period 0 0 0 0 0 0 1,446 1,446 1,896 3,342 Total comprehensive income 0 0 1,249 17 0 -2,015 1,446 697 2,017 2,714 Changes in non-controlling interests 0 0 0 0 0 0 -2,908 -2,908 -56 -2,964 Dividend 0 0 0 0 0 0 0 0 -1,892 -1,892 As of June 30, 2026 20,400 133,417 16,937 -4,601 0 74 197,308 363,535 5,274 368,809 As of Jan 1, 2025 13,600 23,703 22,873 -5,115 351 -199 149,834 205,047 3,028 208,075 Other comprehensive income 0 0 -2,796 10 -351 4,817 0 1,680 -1,032 648 Net profit for the period 0 0 0 0 0 0 -20,374 -20,374 1,688 -18,686 Total comprehensive income 0 0 -2,796 10 -351 4,817 -20,374 -18,694 656 -18,038 Capital Increase 6,800 112,200 0 0 0 0 0 119,000 0 119,000 Transaction costs from the capital increase 0 -2,486 0 0 0 0 0 -2,486 0 -2,486 Changes in non-controlling interests 0 0 0 0 0 0 -85 -85 198 113 Dividend 0 0 0 0 0 0 0 0 -1,024 -1,024 As of June 30, 2025 20,400 133,417 20,077 -5,105 0 4,617 129,375 302,782 2,858 305,640
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Rosenbauer Half-Annual Financial Report 2026 09Group Management Report | Consolidated Financial Statements | Information Consolidated statement of cash flows in € thousand 1-6 2025 1-6 2026 Profit before income tax -10,460 11,080 + Depreciation 20,742 18,440 ± Gains / losses of companies accounted for using the equity method -19 0 – Gains from the retirement of property, plant and equipment, intangible assets and securities 129 -327 + Interest expenses 18,489 9,659 – Interest and securities income -585 -387 ± Other non-cash expenses and income -6,166 2,583 ± Change in inventories -109,851 -142,181 ± Change in receivables and other assets 57,993 65,269 ± Change in trade payables and contract liabilities 10,424 -32,426 ± Change in other liabilities 17,194 19,613 ± Change in provisions (excluding income tax deferrals) -1,853 5,007 Cash earnings -3,964 -43,671 – Interest paid -18,164 -10,383 + Interest received and income of securities 585 387 – Income tax paid -2,285 -6,817 Net cash flow from operating activities -23,829 -60,484 – Proceeds / Payments from the sale / purchase of property, plant and equipment, intangible assets and securities -12,276 -18,472 – Income from capitalized development costs -2,268 -1,339 Net cash flow from investing activities -14,544 -19,810 + Payments from Capital Increase 119,000 0 – Payments for transaction costs from the Capital increase -1,319 0 – Dividends paid to non-controlling interests -1,024 -1,892 ± Proceeds / Repayment from interest-bearing liabilities -79,707 60,117 – Repayment of leasing liabilitties -3,584 -4,429 Net cash flow from financing liabilities 33,366 53,796 Net change in cash and cash equivalents -5,007 -26,498 + Cash and cash equivalents at the beginning of the period 33,069 60,218 ± Adjustment from currency translation 1,429 -626 Cash and cash equivalents at the end of the period 29,491 33,094
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Rosenbauer Half-Annual Financial Report 2026 10Group Management Report | Consolidated Financial Statements | Information EXPLANATORY NOTES 1. Information on the company and the basis of preparation The Rosenbauer Group is an international group of companies whose parent company, Rosenbauer Interna- tional AG, is headquartered in Austria. Its main focus is on producing firefighting vehicles, developing and manufacturing firefighting systems, equipping vehicles and their crews, and preventive fire protection. The Group’s head office is located at Paschinger Strasse 90, 4060 Leonding, Austria. The company is registered with the Linz Regional Court under commercial register number FN 78543 f and is listed on the Prime Market of the Vienna Stock Exchange. The condensed interim consolidated financial statements for the period from January 1, 2026, to June 30, 2026, were prepared in accordance with IAS 34 (Interim Financial Reporting). They are in accordance with the International Financial Reporting Standards (IFRS) as applicable in the European Union. The interim consoli- dated financial statements have been prepared on the basis of the accounting policies applied as at December 31, 2025. The condensed interim consolidated financial statements therefore do not contain all the informa- tion or explanatory notes stipulated by IFRS for consolidated financial statements as of the end of the financial year, and should instead be read in conjunction with the IFRS consolidated financial statements published by the company for the 2025 financial year. The interim consolidated financial statements have been prepared in thousands of euros (k€) (functional currency of Rosenbauer International AG); the figures in the explanatory notes are in k€ unless otherwise stated. The accounting standards to be applied for the first time as of January 1, 2026, and relevant to the Rosenbauer Group have no material impact on the presentation of the Rosenbauer Group’s net assets, financial position, and results of operations as of June 30, 2026. As of January 1, 2027, IFRS 18 will change how the income statement is presented. New mandatory subtotals, such as the operating result, and profit before financing and income taxes, will be introduced. Rosenbauer as - sumes that there will be reclassifications between operating result and financial result (or the new categories of investment and financing). However, the assessment of the impacts has not yet been fully completed and may change by the date of initial application as a result of further analysis and ongoing developments in interpretation. The additional disclosure requirements for management-defined performance measures (MPMs) are still being analyzed. There will also be changes to the presentation of the consolidated statement of cash flows. In the future, the operating result will be used as the starting point for the consolidated statement of cash flows. Due to the changes to accounting presentation, reclassifications within interim results will be made in the cash flow state- ment in connection with interest and in the income statement due to the equity result and interest income. In the future, interest received and dividends will be shown in the investment cash flow and interest paid in the financing cash flow. Based on current estimates, IFRS 18 does not significantly change the fundamental grouping (aggregation and disaggregation) of information in the financial statements. The presentation of items currently reported as “other” is still being reviewed with regard to the requirements of IFRS 18 and adjusted as necessary. Rosen- bauer does not anticipate any major impacts in this regard. 2. Companies included in consolidation Applying IFRS 10, four domestic (December 31, 2025: four) and 27 foreign subsidiaries (December 31, 2025: 26) were included all of which are legally and actually controlled by Rosenbauer International AG and are therefore included in consolidation. Rosenbauer Chile SpA., Santiago de Chile, Chile, was founded in March 2026 as a sales and service com - pany. The shares (accounted for using the equity method) in the joint venture in Spain (Rosenbauer Ciansa S.L.; Rosenbauer share 50%), which was founded jointly with the co-owner and managing director of Rosenbauer Española, were merged into the fully consolidated Rosenbauer Española. 3. Seasonal fluctuations Owing to the high degree of dependency on public sector clients, the usual pattern in the firefighting industry is for a very high proportion of deliveries to be made in the second half of the year, especially in the final quarter. There can therefore be significant differences – in terms of revenues and earnings – between the respective interim reporting periods. 4. Estimation uncertainties and judgments The preparation of the interim consolidated financial statements requires the Executive Board to make as- sumptions, estimates, and judgments that have a significant impact on the presentation of the Group’s net assets, financial position, and results of operations. Detailed information on assumptions, estimates, and judgments can be found in the consolidated financial statements of Rosenbauer International AG as of De- cember 31, 2025.
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Rosenbauer Half-Annual Financial Report 2026 11Group Management Report | Consolidated Financial Statements | Information 5. Segment reporting In accordance with IFRS 8 (Operating Segments), the definition of segments and the segment information to be disclosed must be aligned with internal management and reporting. This results in segment reporting presented in line with the management approach of internal reporting. The Group is managed by the chief operating decision-makers on the basis of sales markets. The development of the market segments is particularly significant in internal reporting. Segmentation is based on the division of the sales regions (areas) defined by the chief operating decision-makers. In addition to the segments man- aged by sales markets (areas), the PFP (Preventive Fire Protection) segment is shown as a further segment in internal reporting. The chief operating decision-makers monitor the EBIT of the areas separately in order to make decisions on the allocation of resources and to determine the units’ earnings power. Segment performance is assessed on the basis of EBIT using the same definition as in the consolidated financial statements. However, income taxes are managed on a uniform Group basis and are not allocated to the individual segments. Segment reporting refers to the revenues and earnings generated by the individual areas both on their respec- tive local markets and from export sales. Business Segments in T€ 1-6 2025 1-6 2026 External revenues Area Europe 268,583 302,321 Area Middle East & Africa 65,314 55,088 Area Asia-Pacific 68,981 56,456 Area Americas 193,141 199,354 PFP1 8,685 12,664 Group 604,704 625,883 Operating result (EBIT) Area Europe 12,518 6,494 Area Middle East & Africa 3,875 2,171 Area Asia-Pacific 4,409 3,534 Area Americas -4,820 11,607 PFP1 -8,557 -3,454 EBIT before share of results of companies accounted for using the equity method 7,425 20,352 Finance expenses -18,489 -9,659 Financial income 585 387 Share in results of companies accounted for using the equity method 19 0 Profit before income tax (EBT) -10,460 11,080 Total assets Dec. 31, 2025 Jun. 30, 2026 Area Europe 848,138 874,246 Area Middle East & Africa 111,489 101,647 Area Asia-Pacific 37,409 31,064 Area Americas 299,857 361,078 PFP1 36,776 31,859 Group 1,333,669 1,399,894 1 Preventive Fire Protection
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Rosenbauer Half-Annual Financial Report 2026 12Group Management Report | Consolidated Financial Statements | Information Liabilities Dec. 31, 2025 Jun. 30, 2026 Area Europe 647,085 692,802 Area Middle East & Africa 35,222 35,526 Area Asia-Pacific 24,022 16,258 Area Americas 237,375 271,354 PFP1 19,013 15,145 Group 962,717 1,031,085 Business Units in T€ 1-6 2025 1-6 2026 External revenues Vehicles 463,959 488,454 Fire & Safety Equipment 54,525 43,855 Preventive Fire Protection (PFP1) 8,685 12,664 Customer Service 56,263 56,947 Others 21,272 23,963 Group 604,704 625,883 1 Preventive Fire Protection 6. Further notes to the interim consolidated financial statements Intangible assets and property, plant and equipment In the first six months of the 2026 financial year, development costs (mainly product development) amounting to €1,946 thousand (June 30, 2025: €2,791 thousand) were capitalized. Goodwill declined from €1,181 thousand to €1,179 thousand due to foreign exchange differences. Impairment tests for intangible assets, property, plant and equipment, right-of use assets, leases and cash-generating units (CGUs) Goodwill is assigned to the cash-generating units that are expected to profit from the business acquisition in order to perform impairment testing. A key criterion for qualifying as a cash-generating unit is its technical and economic independence for generating income. Impairment in a cash-generating unit is calculated by comparing its current amortized cost (including the goodwill assigned) with the value in use. The value in use is calculated as the present value of the associated future receipts and payments based on data from medi- um-term corporate planning. No indications of impairment were found in the first six months of the 2026 financial year. Due to the negative development of Rosenbauer Brandschutz Deutschland GmbH, the carrying amount in the same period of the previous year was compared with the recoverable amount (value in use) and an impairment loss of €4,146 thousand was recognized. The goodwill of Rosenbauer Brandschutz Deutschland GmbH was impaired in its entirety. The impairment loss was reported in the consolidated income statement under other expenses. Inventories As at June 30, 2026, impairments of inventories to net realizable value increased by €1,380 thousand. Trade receivables In the 2025 financial year, new factoring agreements were agreed between a selected Austrian subsidiary and German subsidiary of Rosenbauer International AG and an Austrian bank (in the previous year with a German bank). As at June 30, 2026, the factoring agreement had a maximum usable nominal volume of €75,000 thou- sand (December 31, 2025: €75,000 thousand). As at the reporting date, the factor had purchased receivables in the amount of €32,008 thousand (December 31, 2025: €37,346 thousand). This is a monthly revolving fac- toring. 10% of the purchased receivables will be withheld as security by the factor. The receivables sold were analyzed according to the derecognition rules of IFRS 9, and the receivables sold are derecognized accordingly due to the transfer of risk. Rosenbauer transfers all control regarding the receivables to the factor bank. Equity At the Annual General Meeting on May 14, 2024, it was decided to establish authorized capital in compliance with the statutory subscription right, also in accordance with the indirect subscription right pursuant to Sec- tion 153 (6) AktG. It has also been authorized by the Executive Board with the consent of the Supervisory Board to exclude subscription rights of the shareholders in whole or in part, including with the option of issuing the new shares in exchange for contribution in kind. The Executive Board decided on a capital increase of 50% of the existing share capital, i.e. 3,400,000 new no-par value bearer shares, excluding the subscription right, in the 2024 financial year. The capital increase was completed on February 27, 2025, with entry in the commer- cial register. The inclusion of the new shares in the official trading of the Vienna Stock Exchange was approved in accordance with the provisions of Section 119 of the Stock Exchange Act (BörseG) 2018 as of June 6, 2025. Due to the capital increase, the share capital as at December 31, 2025, has increased from €13,600 thousand to €20,400 thousand and the number of no-par value shares from 6,800,000 to 10,200,000. In accordance with IAS 32.35, the transaction costs directly associated with issuing equity are deducted directly from the equity received. Costs of €2,486 thousand (of which €1,319 thousand was cash-effective in the 2025 financial year) were incurred in the 2024 and 2025 financial years. These costs essentially comprise legal and tax consulting costs, costs incurred in connection with the search for an investor, and issuance fees. At the Annual General Meeting on May 20, 2026, the decision was taken not to pay a dividend for the 2025 financial year (2024: €0.0 per share).
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Rosenbauer Half-Annual Financial Report 2026 13Group Management Report | Consolidated Financial Statements | Information Other provisions The provision for onerous contracts amounted to €2,162 thousand as at June 30, 2026 (December 31, 2025: €2,133 thousand). In the second half of 2025, civil lawsuits were filed in the United States against the US subsidiaries of Rosen- bauer International AG for alleged violations of US antitrust laws. Plaintiffs (customers) allege that certain producers of firefighting vehicles in the US market colluded to reduce production and exchange confidential competition-related information in order to drive up the prices of firefighting vehicles and restrict supply. In accordance with IAS 37.92, no further information is provided in order not to harm the company’s interests. Deferred taxes and current taxes The income tax expense for the condensed interim consolidated financial statements is estimated in accor - dance with IAS 34 based on the average annual tax rate expected for the full financial year. In addition, special issues are taken into account as of June 30, 2026, in particular the assessment regarding the recoverability of loss carryforwards and temporary differences. The tax expense mainly includes changes from valuation adjustments of tax assets. Financing agreements Rosenbauer International AG carried out a capital increase in the 2025 financial year. This was completed on February 27, 2025, with entry in the commercial register. The inclusion of the new shares in the official trading of the Vienna Stock Exchange was requested in accordance with the provisions of Section 119 of the Stock Exchange Act (BörseG) 2018 and admitted to trading as of June. Parallel to the capital increase, a refinancing agreement (syndicated loan) was concluded with the main financing partners. A financing volume of €330 million with a term until February 2028 and the option to extend for a further two years (1+1) was concluded on March 11, 2025. The financial covenants were newly agreed for the financial years from 2025 onward. For the 2026 financial year, the syndicated loan provides for the achievement of an IFRS consolidated equity ratio of at least 25% (2027: 25%) and a ratio of net debt1 to EBITDA2 below a factor of 3 (2027: 3). In addition, the ratio of EBITDA to interest cost minus interest income must not fall below a factor of 2. As at June 30, 2026, a consolidated equity ratio pursuant to IFRS of at least 22.5% (June 30, 2027: 25%) and a ratio of net debt to EBITDA of less than a factor of 4.5 (June 30, 2027: 4) is to be achieved. In addition, the ratio of EBITDA to interest cost minus interest income must not be lower than a factor of 2. Failure to comply with the aforementioned financial covenants, after submission and on the basis of the audited consolidated financial statements, as well as other contractual obligations arising from the syndicated loan, entitles the lenders to terminate the financing agreement. The financial covenants are continuously monitored and adhered to by Rosenbauer. The Group expects that the covenants, which must be met semi-annually, will be complied with during the 12-month period following the reporting date. 1 Net debt: Interest-bearing liabilities less cash and cash equivalents less securities 2 EBITDA (Earnings before interest and taxes, depreciation and amortization): Earnings before interest and taxes, depreciation on property, plant and equipment, and amortisation of intangible assets
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Rosenbauer Half-Annual Financial Report 2026 14Group Management Report | Consolidated Financial Statements | Information 7. Related party disclosures The composition of related parties has not changed since December 31, 2025. The following transactions were carried out with related companies and parties in the reporting period. Joint ventures in € thousand 1–6/2025 1–6/2026 Sale of goods 27 - Purchase of goods 869 - in € thousand 31.12.2025 30.6.2026 Receivables 0 0 Liabilities 0 0 Loans given 0 0 There are standard market financing agreements, guarantee lines and investments with Raiffeisen Landesbank Oberösterreich AG. There is a financing framework of €41.1 million (June 30, 2026: €23.8 million) and a frame- work for guarantee lines of €39.4 million (June 30, 2026: €23.6 million). There are standard market business relationships with abatec GmbH with regard to the delivery of goods. In the reporting period, goods totaling €2,273 thousand were purchased (June 30, 2025: €2,115 thousand); as of June 30, 2026, liabilities amounted to €206 thousand (June 30, 2025: €235 thousand). 8. Material events after the reporting date At the end of July an existing loan agreement in the USA was renegotiated and signed. The loan agreement provides for a loan volume of USD 80.0 million (December 31, 2025: USD 70.0 million) and was concluded for a period of 2 years. The financial covenants were renegotiated for the financial years starting from 2026. For the 2026 financial year, the loan agreement requires an adjusted cash flow (net income for the period, interest expense, depreciation and distributions) to interest expense ratio greater than 1.3 and a ratio of interest-bear- ing liabilities to EBITDA below 3.2. In addition, the ratio of the sum of trade receivables and inventories minus advances received to interest-bearing liabilities must not fall below 1.6. Non-compliance with the aforemen- tioned financial covenants, based on the interim consolidated financial statements of Rosenbauer America LLC, entitles the lender to terminate the financing agreement. The financial covenants are continuously mon- itored and complied with by Rosenbauer. The Group expects the covenants, which must be fulfilled quarterly, to be met during the 12-month period after the balance sheet date. At the beginning of August a financing agreement was reached with the current banking consortium of Rosen- bauer International AG for the early extension and increase of the existing syndicated loan. A financing volume of €339 million (December 31, 2025: €330 million) was agreed with a term until August 2029 (December 31, 2025: March 2028) and extension options for a further 2 years (1+1). The existing financial covenants remain unchanged. No significant events occurred after the balance sheet date of June 30, 2026, that would have led to a change in the net assets, financial position, or results of operations.
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Rosenbauer Half-Annual Financial Report 2026 15Group Management Report | Consolidated Financial Statements | Information 9. Disclosures on financial instruments Derivative financial instruments are used to hedge against interest rate and currency risks. These are initially recognized at fair value when the agreement is entered into and are subsequently remeasured at fair value. The financial investments available for sale shown in the following table as level 1 include listed equities and units in funds. The fair value of currency forwards and interest rate hedging transactions shown as level 2 is determined from bank valuations based on recognized mathematical measurement models (discounted cash flow method on the basis of current interest and currency future yields based on interbank mid-rates as of the end of the reporting period). In 2026 – as in the previous year – there were no reclassifications between level 1 and level 2 or vice versa. There was no change in the measurement method. For all classes of financial instruments other than non-cur- rent loan liabilities, the carrying amount is equal to the fair value. Level 1 Level 2 Level 3 in € thousand 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 Derivative financial instruments through profit and loss Positive fair value 1,341 369 Negative fair value 66 69 Derivative financial instruments through OCI Positive fair value 3,836 2,859 Negative fair value 1,109 2,780 Interest rate swaps Positive fair value 0 0 Negative fair value 0 0 Interest-bearing liabilities mandatorily designated as effective at fair-value through profit and loss Positive fair value 0 0 Negative fair value 0 0 Investments mandatorily at fair-value through profit and loss Positive fair value 2 2 Negative fair value Putable Non-controlling interests measured at fair value through other comprehensive income Positive fair value Negative fair value 18,976 21,941
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Rosenbauer Half-Annual Financial Report 2026 16Group Management Report | Consolidated Financial Statements | Information Derivative financial instruments Designated as effective at fair value through profit and loss Mandatorily measured at fair value through profit and loss Measured at fair value through other comprehen- sive income Measured at amortized cost Not a financial instrument Carrying amount Fair Value Trading Hedge Account- ing Jun. 30, 2026 Jun. 30, 2026 ASSETS Other non-current assets 0 0 0 2 0 0 0 2 2 Trade receivables 0 0 0 0 20,564 193,193 0 213,757 213,757 Income tax receivables 0 0 0 0 0 0 2,508 2,508 2,508 Other current assets 0 3,228 0 0 0 17,619 11,923 32,770 32,770 Cash and cash equivalents 0 0 0 0 0 33,094 0 33,094 33,094 LIABILITIES Interest-bearing non-current liabilities 0 0 0 0 0 129,948 0 129,948 129,948 Non-current lease liabilities 0 0 0 0 0 30,886 0 30,886 30,886 Other non-current liabilities 0 0 0 0 0 1 1,945 1,946 1,946 Putable Non-controlling interests 0 0 0 0 21,941 0 0 21,941 21,941 Interest-bearing current liabilities 0 0 0 0 0 190,258 0 190,258 190,258 Current lease liabilities 0 0 0 0 0 10,518 0 10,518 10,518 Trade payables 0 0 0 0 0 83,316 0 83,316 83,316 Other current liabilities 0 2,849 0 0 0 69,306 60,047 132,202 132,202
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Rosenbauer Half-Annual Financial Report 2026 17Group Management Report | Consolidated Financial Statements | Information Derivative financial instruments Designated as effective at fair value through profit and loss Mandatorily measured at fair value through profit and loss Measured at fair value through other comprehen- sive income Measured at amortized cost Not a financial instrument Carrying amount Fair Value Trading Hedge Account- ing Dec. 31, 2025 Dec. 31, 2025 ASSETS Other non-current assets 0 0 0 2 0 0 0 2 2 Trade receivables 0 0 0 0 25,549 243,372 0 268,921 268,921 Income tax receivables 0 0 0 0 0 0 2,431 2,431 2,431 Other current assets 0 5,178 0 0 0 25,250 8,457 38,885 38,885 Cash and cash equivalents 0 0 0 0 0 60,218 0 60,218 60,218 LIABILITIES Interest-bearing non-current liabilities 0 0 0 0 0 132,880 0 132,880 132,861 Non-current lease liabilities 0 0 0 0 0 34,640 0 34,640 34,640 Other non-current liabilities 0 0 0 0 0 268 1,869 2,137 2,137 Putable Non-controlling interests 0 0 0 0 18,976 0 0 18,976 18,976 Interest-bearing current liabilities 0 0 0 0 0 126,461 0 126,461 126,461 Current lease liabilities 0 0 0 0 0 10,746 0 10,746 10,746 Trade payables 0 0 0 0 0 98,915 0 98,915 98,915 Other current liabilities 0 1,175 0 0 0 49,956 58,956 110,086 110,086 Financial liabilities from callable non-controlling interests are recognized at fair value (level 3). The puttable non-controlling interests include the put options of the US minority shareholder Rosenbauer Aerials LLC., Ne- braska, in the amount of €21,941 thousand (December 31, 2025: €18,976 thousand), which can be exercised at any time. The value is calculated from the present value of the payment obligation from a purchase price for- mula that takes into account the earnings values of two past and the current financial year and the equity value. Interest risks were hedged using derivative financial instruments such as interest rate swaps. Hedges are ini- tially recognized at fair value when the agreement is entered into and subsequently remeasured at fair value. As at June 30, 2026, there were no hedges of interest rate risks.
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Rosenbauer Half-Annual Financial Report 2026 18Group Management Report | Consolidated Financial Statements | Information 10. Contingent assets and contingent liabilities Rosenbauer International AG has not issued any liability statements for the benefit of non-Group companies. Also, as at the end of the year, there are no contingent assets and contingent liabilities from which material receivables and liabilities will result. 1 1. Executive bodies of the company At the 34th Annual General Meeting of Rosenbauer International AG, Martina Scheibelauer and Cornelia Zein- ler were newly elected to the Supervisory Board. At the following constituent meeting of the Supervisory Board, Gernot Hofer was appointed as the new Chair - man of the supervisory body. He takes over from Christian Reisinger, who resigned from the Supervisory Board at the end of the 34th Annual General Meeting. In future, Florian Hutter will serve as Deputy Chairman of the Supervisory Board. Anton Klucsarits was appointed to the Supervisory Board by the works council in place of Rudolf Aichinger as of May 2026. Jörg Schuschnig took over as Chief Financial Officer on April 1, 2026. The composition of the Executive Board and the Supervisory Board is otherwise unchanged compared to December 31, 2025. Leonding, August 7, 2026 Robert Ottel Andreas Zeller Thomas Biringer Jörg Schuschnig CEO CSO CTO CFO
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Rosenbauer Half-Annual Financial Report 2026 19Group Management Report | Consolidated Financial Statements | Information STATEMENT OF ALL LEGAL REPRESENTATIVES We confirm to the best of our knowledge that the condensed interim consolidated financial statements give a true and fair view of the Group’s net assets, financial position and results of operations as required by the ap- plicable accounting standards and that the interim Group management report gives a true and fair view of the Group’s net assets, financial position and results of operations with respect to the significant events during the first six months of the financial year and their impacts on the condensed interim consolidated financial state- ments, with respect to the material risks and uncertainties in the remaining six months of the financial year, and with respect to the material transactions with related companies and individuals that must be disclosed. In this report, the decision was taken to dispense with an audit or review by an external auditor. Leonding, August 7, 2026 Robert Ottel Andreas Zeller Thomas Biringer Jörg Schuschnig CEO CSO CTO CFO Global central functions: Global central functions: Global central functions: Global central functions: Global Marketing, Global Area Organization Production Units, Group Controlling, Group Product Management & Europe, Middle East & Production Scheduling Accounting & Tax, Group IT, Innovation, Group Africa, Asia-Pacific, Supply Chain Management, Group Legal & Compliance Communication, Investor Americas, Customer Quality Management, Central Group Audit, Group Treasury Relations & CSR, Human Service, Digital Solutions, Technics, Product Development & Insurance Resources, Preventive Fire Order Center and Sales Protection Coordination, Fire & Safety Equipment
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Rosenbauer Half-Annual Financial Report 2026 20Group Management Report | Consolidated Financial Statements | Information CONTACT AND CAPITAL MARKET CALENDAR Investor Relations Phone: +43 732 6794 0 Email: ir@rosenbauer.com www.rosenbauer.com Capital Market Calendar August 7, 2026 Half-Year Financial Report 2026 November 13, 2026 Interim Statement Q3/2026 Rosenbauer share details ISIN AT0000922554 Reuters RBAV.VI Bloomberg ROS AV Share class No-par value bearer shares ATX Prime weighting 0.20% Published by Rosenbauer International AG, Paschinger Strasse 90, 4060 Leonding, Austria Rosenbauer International AG does not guarantee in any way that the forward-looking assumptions and estimates contained in this report will prove correct, nor does it accept any liability for loss or damages that may result from any use of or reliance on this report. Gender-sensitive communication is as important to us as the readability of our texts. This is why we use female, male, and gender-neu- tral terminology. For optimum readability, there may be individual instances of the generic masculine term, which is used to refer to all genders. Minimal arithmetical differences may arise from the application of commercial rounding to individual items and percentages in the Rosenbauer Annual Report. This Interim Statement is available in German and English. Subject to printing and typesetting errors.