Earnings release
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Page 1 of 2 Media release GURIT REPORTS NET SALES OF CHF 319.6 MILLION FOR THE CALENDAR YEAR 2025 AND EXPECTS MARGIN TO IMPROVE VERSUS 2024. Zurich, January 23, 2026 – Ad hoc announcement pursuant to Art. 53 LR Gurit (SIX Swiss Exchange: GURN) today reports preliminary and unaudited net sales of CHF 319.6 million for the full year 2025, exceeding guidance thanks to strong activity in Wind in the last months. As foreseen, net sales decreased by -22.0% at constant exchange rates and by -26.0% in reported CHF versus the prior year due to planned strategic business exits. Gurit made significant progress in its transformation, strengthening its competitive position by advancing its multi-market strategy, and benefiting from recent innovation to secure contracts with strategic customers. Wind Materials recorded net sales of CHF 190.1 million for 2025. This represents a decrease of -29.9% at constant exchange rates compared to 2024, primarily due to the planned exit from the carbon fiber pultrusion business. For continued operations, net sales amounted to CHF 164.1 million, reflecting a -3.2% decrease at constant exchange rates. Wind materials delivered a resilient performance in 2025, exceeding expectations and underscoring Gurit’s strategic focus. The business successfully navigated a planned exit from the carbon fiber pultrusion segment while driving competitiveness and profitability through restructuring initiatives and a sharper focus on core materials. As recently announced, Gurit secured a landmark long-term supply agreement with one of the world’s leading Western wind turbine OEMs – the first major contract based on the supply of core kits utilizing OptiCore. This milestone demonstrates the strength of the company’s st rategic customer relationships and reinforces Gurit’s global leadership in sustainable Wind energy. The last quarter of 2025 saw an acceleration in both order intake and deliveries at Wind OEMs, which positions the company well for the coming quarters. Manufacturing Solutions achieved net sales of CHF 41.4 million for 2025, which represents a decrease of -2.2% at constant exchange rates compared to 202 4. In line with expectations, the business unit experienced a soft start in 2025 due to delayed investment decisions from Western customers awaiting clarity on tariffs before installing or relocating blade lines. The Indian market delivered stronger-than- expected momentum, creating promising regional growth opportunities. As previously guided, the second half of the year marked a turning point, with several Wind customers firming up investment decisions and driving a significant improvement in Q4 performance. Gurit expects this positive momentum to continue in 2026. Marine and Industrial reported net sales of CHF 88.3 million for 2025. This represents a decrease of -8.4% at constant exchange rates compared to 2024, primarily due to tariff-related uncertainty in the U.S. earlier in the year and a Marine market that remains cautious. Still , the business unit delivered meaningful progress by securing contracts in new markets such as office furniture and recreational vehicles and has achieved a major milestone in the subsea sector with a multi -year contract announced in September, paving the way for further expansion in a new market segment. The business has a robust pipeline of opportunities which, despite the current softness in the Marine market, should lead to growth in 2026 and beyond.
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Page 2 of 2 Outlook For the calendar year 2025, Gurit expects an adjusted operating profit margin of around 8%, improving on the 2024 level of 6.9%. The better margin performance reflects the tangible benefits of the structural measures implemented over the past periods. Online Publication of Annual Report 2025, Media and Analyst Webcast on March 2, 2026 Gurit will report its 2025 full year results on March 2, 2026, by issuing a media release at 07:00 am CET and publishing its Annual Report 2025 online at https://www.gurit.com/reports-and-publications/. Management will also discuss the results at a joint media and analyst webcast on March 2, 2026, at 09:00 am CET. If you want to join the webcast, please register for the conference by sending your contact details to investor@gurit.com. The presentation will be held in English and will be accessible as a public webcast at https://www.gurit.com/presentations/. The recording will be available under the same URL and on- demand after the live webcast. Roadshow In the afternoon of March 2, 2026, Gurit Management will be available to meet investors at a roadshow on the premises of Zürcher Kantonalbank in Zurich. For more information: https://broker.zkb.ch/en/corporate-access/calendar. About Gurit The subsidiaries of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GURN) are specialized in the development and manufacture of advanced composite materials, composite tooling equipment and core kitting services. The product range compris es structural core materials, structural profiles, prepregs, formulated products such as adhesives and resins as well as structural composite engineering. Gurit supplies global growth markets such as the wind turbine industry, marine, building and many more. Gur it operates production sites and offices in Australia, Canada, China, Denmark, Ecuador, India, Mexico, New Zealand, Poland, Spain, Switzerland, United Kingdom , and the United States. www.gurit.com Gurit Group Communications Phone: +41 44 316 15 50, e-mail: investor (at) gurit.com All trademarks used or mentioned in this release are protected by law. Forward-looking statements: To the extent that this announcement contains forward- looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this annou ncement. Forward-looking statements always involve uncertainties. Business an d economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. There fore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.