Earnings release
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For further information please contact: M. Martullo Phone +41 44 915 70 00 1/5 www.ems-group.com Ad hoc announcement pursuant to Art. 53 LR Herrliberg, February 6, 2026 BRIEF MEDIA INFORMATION Key figures of the Annual Results 2025 of the EMS Group: - Trade uncertainty - Strong Swiss Franc - Successful EMS sales offensive with profitable and innovative new business - Particularly pleasing business development in Asia - Sales volume and operating income (EBIT) above previous year - Global development partnerships drive growth in 2026 1. Summary The EMS Group, active worldwide in the business area s of High Performance Polymers and Specialty Chemicals and with its companies combined in the EMS-CHEMIE HOLDING AG , achieved in 2025 net sales amounting to CHF 1'950 million (2'071) and a net operating income (EBIT) of CHF 567 million (539). The considerably stronger Swiss Franc hampered development of net sales in Swiss Francs. Despite a geopolitically troubled environment, a weaker industrial economy and the significantly higher Swiss Franc, EMS was able to generate pleasing new business and increase profitability due to a consistent growth strategy with high -margin specialties and innovation s. The globally implemented sales offensive with profitable new business generated excellent results and showed sustainable effects. Despite a continuing ly unstable world economic environment, characterized by trade tension and significant unfavorable currency effects, EMS was able to increase sales volumes, net operating income (EBIT) and net income again compared to previous year.
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For further information please contact: M. Martullo Phone +41 44 915 70 00 2/5 www.ems-group.com The global economy, particular ly in key markets, and the consumer mood remained tense in 2025. Consumers and companies, con tinually confronted with new political announcements, showed consistent uncertainty. Consumer and investment decisions were delayed, and p rotective measures inhibit ed the willingness to invest. In the US, consumers continue to suffer from high prices. In Europe, industry is continuing to undergo a prolonged restructuring process. Although announced, government relief measures are not yet visible. In China, the high-tech sector is growing. Missing exports to the US are being compensated by growth in other markets. Due to the ongoing slump in the real estate market, Chinese customers continue to show restraint. The unstable global economic situation is further strengthening the Swiss Franc. Despite the weaker global economy, EMS was still able to successfully grow result and margins through innovation, cost discipline and proactive planning. In a challenging global market environment , EMS is focusing even more consistently on growth with innovative specialties. The globally implemented sales offensive as well as expansion of the technical sal es and development organization are showing a pleasing effect. Intensive local development partnerships, especially in growth markets such as China, India or Brazil, form important pillars for EMS to realize further cost improvements , energy and weight sav ings for its customers. Close, globally -based development partnerships and high innovation competency allow EMS to respond quickly and flexibly to customer requirements regarding new applications. With new developments, EMS was also able to access numerous future growth segments such as robotics. Together with technology leaders, EMS experts are developing high -performance parts, which are particularly lightweight, robust and dimensionally stable . In automotive construction, EMS provide d car manufacturers with groundbreaking technology for painting processes with lower curing temperatures, enabling them to achieve significant energy and weight savings. Already at an early stage, EMS prepared for possible international trade barriers and structured its own supply chains accordingly. There are no direct supply relationships between China and the US. Products sold in the US are either produced locally or, as important specialties, are exempt from customs duties.
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For further information please contact: M. Martullo Phone +41 44 915 70 00 3/5 www.ems-group.com Thanks to the strong position with specialties and attractive innovations and despite weak foreign currencies and in a restrained global market environment, EMS was able to increase net operating income (EBIT) to CHF 567 million (539), which is 5.2% above previous year, and raise net operat ing income before depreciation (EBITDA) by 5.2% to reach CHF 622 million (592). The EBIT margin was 29.1% (26.0%), the EBITDA margin 31.9% (28.6%). Net income in 2025 amounted to CHF 467 million (461). Earnings per share climbed to CHF 19.95 (19.70). For the business year 2025, the Board of Directors intends to propose to the Annual General Meeting, distribution of an ordinary dividend of CHF 14.65 (13.95) per share and an additional extraordinary dividend of CHF 3.75 (3.30) per share. In this way, a to tal of CHF 18.4 0 (17.25) per share would be distributed. With its innovative specialties, EMS consistently generates extraordinarily high result margins and a strong cash flow. The cash flow increased to CHF 534 mil- lion (480). EMS has a high level of liquidity of CHF 603 million (518), a pleasing equity ratio of 83.3% (82.4%) and no financial debt. Accordingly, EMS consid- ers itself to be in a good position to quickly and flexibly take advantage of the numerous opportunities available in the market. For the business year 2026, EMS continues to expect a challenging and geopolitically troubled environment. Trade conflicts, regulatory interventions and currency effects may continue to influence global economic development. EMS is confident about its own global business prospects. The proven strategy of growth with specialties will be pursued consistently. A strong market position as development partner, global supply reliability, high innovative strength and a solid financia l basis enable EMS to seize opportunities as they arise and to maintain sustainable earning power, even in a difficult environment. For 2026, EMS expects net sales below previous year due to currency effects, and net operating income (EBIT) slightly above previous year.
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For further information please contact: M. Martullo Phone +41 44 915 70 00 4/5 www.ems-group.com 2. Key figures on result development 2025 of the EMS Group 1) EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization = Net operating income before depreciation 2) EBIT = Earnings Before Interest and Taxes = Net operating income 3) Net income = Profit after taxes without minorities 4) Cash Flow = Cash flow from operating activities 5) Equity = Equity without minorities 6) Average weighted number of registered shares at 31.12.2025: 23'389'028 shares (31.12.2024: 23'389'028 shares) In million CHF Consolidated Income Statement Net sales 1’950 2’071 % dev. prev. year - 5.8% Currency effect - 3.4% EBITDA 1) 622 592 % dev. prev. year + 5.2% In % of net sales 31.9% 28.6% EBIT 2) 567 539 % dev. prev. year + 5.2% In % of net sales 29.1% 26.0% Net financial income (3) 10 Income taxes (93) (83) Net income 3) 467 461 % dev. prev. year + 1.2% In % of net sales 23.9% 22.3% Cash Flow 4) 534 480 In % of net sales 27.4% 23.2% Investments 28 33 Equity 5) 1’855 1’835 Equity ratio 83.3% 82.4% % dev. 31.12.2024 + 1.1% Equity per share (in CHF) 6) 79.31 78.45 2025 2024
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For further information please contact: M. Martullo Phone +41 44 915 70 00 5/5 www.ems-group.com The following events will take place on Friday, February 6, 2026 at the Marriott Hotel in Zurich. at 09.00 a.m. media conference and at 02.00 p.m. financial analysts conference Detailed information will be provided after the media conference at approx. 12.00 a.m. * * * * *