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23 October 2025, Geneva Géraldine PicaudCEO Marta Vlatchkova CFO Pharmaceutical Composition Testing, Switzerland Q3 2025 sales update
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2 Q1 2025 Sales update | 24 April 2025 Q3 2025 highlights Géraldine Picaud CEO 2 Q3 2025 sales update | 23 October 2025 Environmental Quality Testing, Canada
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3 Q3 2025 sales update | 23 October 2025 Q3 2025 highlights Strong performance in Q3: organic sales up 6.0% Integrated Circuit Fail Injection Test, Netherlands Q3 2025 highlights Q3 sales of CHF 1 729 million, up 1.8% Strong organic sales growth of 6.0% Launch of new global framework SGS DIGITAL TRUST Sustained bolt-on activity with 17 acquisitions year-to-date Closing process of Applied Technical Services (ATS) on track Outlook confirmed
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4 Q3 2025 sales update | 23 October 2025 SGS DIGITAL TRUST: Across technologies, services and organizations Launch of SGS DIGITAL TRUST 4 Q3 2025 sales update | 23 October 2025 Focused on all key dimensions of Digital Trust: Safety, cybersecurity, privacy, fairness, transparency and sustainability Four pillars to address clients’ key priorities: Connected Products & Technologies Digital Services & Infrastructure Data & Artificial Intelligence Organizations & People
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5 Q3 2025 sales update | 23 October 2025 Appointed as EcoVadis’ key global partner, enhancing clients’ ESG performance through training and operational support Q3 2025 Sustainability highlights Double-digit growth in Sustainability Selected to support the transition to Sustainable Aviation Fuel of leading Asian carrier, advancing the industry-wide decarbonization Enabled major industrial client to advance nature - positive performance , mitigating biodiversity risks for long-term sustainable value Advancing circularity for leading global sportswear brand through recycled material certification, driving verified value-chain traceability
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6 Q3 2025 sales update | 23 October 2025 Sustained bolt-on activity with 17 acquisitions year-to-date M&A activity Representing total annual sales of more than CHF 150 million x x New x New x New x New x x New : new since H1 reporting New
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7 Q3 2025 sales update | 23 October 2025 Organic growth of 6.0% supported by all business lines Q3 2025 sales by business line 574 7.9% Industries & Environment 405 4.4% Natural Resources 339 6.2% Connectivity & Products 218 6.2% Health & Nutrition Q3 2025 sales 1 729 Sales by business line CHF million Testing & Inspection Certification 6.3% 3.7% 6.0% SGS Group Business Assurance 193 Organic growth
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8 Q3 2025 sales update | 23 October 2025 Excellent organic growth led by Safety T esting& Inspection: Industries & Environment CHF million Q3 2025 9M 2025 Sales 574 1 703 Total change 5.3% 3.5% of which organic 7.9% 6.2% of which scope 3.4% 2.2% of which FX -6.0% -4.9% Continued high single-digit organic growth in Safety driven by strong demand in North America and Europe Projects & Advisory delivered strong growth from new project wins in Latin America and Asia Pacific Industrial testing delivered excellent results, reflecting solid execution and consistent performance across all regions Environment achieved moderate growth, with a softer summer period compensated by a marked increase in laboratory testing in September 33% of Group sales Environmental Lab Analysis, Philippines I&E
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9 Q3 2025 sales update | 23 October 2025 Solid organic sales growth T esting& Inspection: Natural Resources CHF million Q3 2025 9M 2025 Sales 405 1 206 Total change -1.9% -2.1% of which organic 4.4% 3.3% of which scope 0.7% 0.1% of which FX -7.0% -5.5% Minerals continued to be led by strong demand in critical minerals and metals in the Americas and Asia Pacific Oil, Gas and Chemicals delivered solid growth supported by increased sales and marketing efforts in Asia Pacific and North America Strong growth in Agriculture mainly driven by double -digit increase in the Americas and recovery in Europe Despite geopolitical uncertainties, our market leading global footprint continues to allow us to capture new trade route opportunities Cargo Yard Inspection, Belgium 23% of Group sales NR
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10 Q3 2025 sales update | 23 October 2025 Strong organic growth led by Sustainability and Digital Trust T esting& Inspection: Connectivity & Products CHF million Q3 2025 9M 2025 Sales 339 1 011 Total change 0.0% 2.6% of which organic 6.2% 6.4% of which scope 0.6% 1.2% of which FX -6.8% -5.0% High single-digit organic growth in Connectivity driven by technology security in Asia Pacific and product safety in North America Solid organic growth in Softlines supported by high demand for eco-friendly products High single-digit organic growth in Hardlines, benefiting from supply chain shifting opportunities in South -East Asia Mid-single-digit organic growth in Government services, led by product conformity assessment and anti-fraud services Toy Safety Testing, Indonesia 20% of Group sales C&P
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11 Q3 2025 sales update | 23 October 2025 Strong organic growth driven by Food in all regions T esting& Inspection: Health & Nutrition CHF million Q3 2025 9M 2025 Sales 218 658 Total change 3.3% 7.2% of which organic 6.2% 8.0% of which scope 1.9% 2.1% of which FX -4.8% -2.9% Continued double-digit organic growth in Food with strong demand for emerging contaminants testing and safety in all regions Strong double-digit growth in Nutraceutical and Dietary supplement product certification Moderate organic growth in Pharma driven by Clinical research in Europe partly offset by soft performance in drug development New project awards in Cosmetics & Personal Care during latter part of Q3 and expected to continue in Q4 Dairy Product Radioactivity Analysis, France 13% of Group sales H&N
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12 Q3 2025 sales update | 23 October 2025 Resilient organic growth driven by Sustainability Certification: Business Assurance CHF million Q3 2025 9M 2025 Sales 193 573 Total change 1.0% 2.9% of which organic 3.7% 4.1% of which scope 2.6% 2.9% of which FX -5.3% -4.1% Strong organic growth in Certification in a post-recertification year, led by double-digit growth in medical devices, food and Digital Trust assurance Double-digit growth in Sustainability services, driven by greenhouse gas emissions verification, sustainability assurance and social audits Consulting remained soft, with several projects delays in North America Strong growth contribution from recent acquisitions XXX 11% of Group sales Medical Device Audit, Hong Kong, China BA
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13 Q1 2025 Sales update | 24 April 2025 Q3 2025 sales review Marta Vlatchkova CFO 13 Filtration Performance Test, ChinaQ3 2025 sales update | 23 October 2025
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14 Q3 2025 sales update | 23 October 2025 Q3 sales of CHF 1 729 million; organic growth of 6.0% Q3 2025 sales bridge +6.0% CHF million Q3 2024 sales Organic Scope Q3 2025 sales 1 699 +33 1 729 Sales bridge +1.8% +102 -6.1% Forex +1.9% -105 + 7.9% at constant currency
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15 Q3 2025 sales update | 23 October 2025 Q3 2025 sales growth comparison in EUR and USD FX impact in millions CHF EUR equivalent USD equivalent Q3 2025 sales 1 729 1 849 2 161 Organic growth +6.0% +6.0% +6.0% Scope +1.9% +1.9% +1.9% Forex -6.1% -4.3% +2.4% Total Growth +1.8% +3.6% +10.3% Average exchange rates: CHF / EUR Q3 2024 1.05, Q3 2025 1.07 CHF / USD Q3 2024 1.15, Q3 2025 1.25
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16 Q3 2025 sales update | 23 October 2025 Strong organic growth supported by all regions Q3 2025 sales by region Testing & Inspection Certification Europe North America Latin America Eastern Europe, Middle East & Africa Business Assurance Q3 2025 sales 511 510 184 178 153 193 1 7297.6% 4.5% 3.9% 3.8% 14.1% 6.3% 3.7% 6.0% SGS Group Sales by region CHF million Organic growth Asia Pacific
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17 Q3 2025 sales update | 23 October 2025 9M sales of CHF 5 151 million; organic growth of 5.5% 9M 2025 sales bridge +5.5% CHF million 9M 2024 sales Organic Scope 9M 2025 sales 5 034 +80 5 151 Sales bridge +2.3% +277 -4.8% Forex +1.6% -240 + 7.1% at constant currency
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18 Q1 2025 Sales update | 24 April 2025 Outlook 2025 Géraldine Picaud CEO Food Analysis, Thailand18 Q3 2025 sales update | 23 October 2025
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19 Q3 2025 sales update | 23 October 2025 Outlook 2025 Outlook confirmed 5% to 7% organic sales growth 1% to 2% bolt-on contribution to annual sales growth At least +30 bps improvement in AOI margin, in reported terms Strong free cash flow generation Bacteria & Environmental Analysis, Germany
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20 Q3 2025 sales update | 23 October 2025 Appendix
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21 Q3 2025 sales update | 23 October 2025 9M 2025 sales growth comparison in EUR and USD FX impact in millions CHF EUR equivalent USD equivalent 9M 2025 sales 5 151 5 485 6 118 Organic growth +5.5% +5.5% +5.5% Scope +1.6% +1.6% +1.6% Forex -4.8% -2.7% 0.1% Total Growth +2.3% +4.4% +7.2% Average exchange rates: CHF / EUR 9M 2024 1.04, 9M 2025 1.06 CHF / USD 9M 2024 1.13, 9M 2025 1.19
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22 Q3 2025 sales update | 23 October 2025 Financial calendar Upcoming events 26 March 2026 H1 2026 results Virtual Q1 2026 sales update Virtual Annual General Meeting Zürich 23 April 2026 24 July 2026 Q3 2026 sales update Virtual 22 October 2026 11 February 2026 FY 2025 results Zürich
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23 Q3 2025 sales update | 23 October 2025 Disclaimer SGS Certain matters discussed in this presentation may constitute forward-looking statements that are neither historical facts nor guarantees of future performance. Because these statements involve risks and uncertainties that are beyond control or estimation of SGS, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These statements speak only as of the date of this document. Except as required by any applicable law or regulation, SGS expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in SGS Group’s expectations with regard thereto or any change in events or conditions on which any such statements are based.
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