Interim report
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BASLER the power of sight 6 - month report 2026 のののの のののの 000000000000 Featur KOY
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Basler AG | 2026 Six-Month Report 2 Key Figures First half in millions of €* Jan. 1 – June 30, 2026 Jan. 1 – June 30, 2025 (adj.)** Change from the previous year Incoming orders 180.0 113.3 59 % Sales revenues 152.4 111.7 36 % Gross profit margin 51.6 % 46.6 % 5.0 Pp. R&D ratio (Full costs) 9.5 % 13.3 % –3.8 Pp. EBITDA 37.9 16.9 >100 % EBIT 31.1 8.6 >100 % EBIT margin 20.4 % 7.7 % 12.7 Pp. Consolidated net income for the period 23.6 6.4 >100 % Weighted average number of shares 30,750,162 30,744,069 0 % Result per share in € 0.77 0.21 >100 % Free cash flow 12.9 2.3 >100 % End of half-year in millions of €* June 30, 2026 Dec. 31, 2025 (adj.)** Change from the previous year Total assets 260.2 238.1 9 % Non-current assets 125.7 126.6 –1 % Equity 153.9 132.9 16 % Equity ratio 59.2 % 55.8 % 3.4 Pp. Debt 106.3 105.2 1 % Net liquidity –10.4 –17.5 41 % Receivables coverage (days) 71 63 9 Inventory coverage (days) 88 102 –14 Accounts payable cycle (days) 51 61 –9 Average number of employees for the period (full-time equivalents) 840 824 2 % Stock price (XETRA) in € 28.25 15.30 85 % Number of shares in circulation 30,757,530 30,747,632 0 % Market capitalization 868.9 470.4 85 % *unless otherwise stated ** The prior-year figures have been restated in accordance with IAS 8 and IAS 1 (material adjustments related to lease accounting). The metrics − receivables coverage, inventory coverage, and payables turn- over − refer to fiscal year 2025 and have been annualized based on Q1.
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Basler AG | 2026 Six-Month Report 3 Dear Shareholders, We look back on a very strong second quarter and, consequently, a successful first half of 2026. With high growth rates and new record highs in incoming orders, reve- nue, and earnings, we have consistently continued our positive business perfor- mance. The recovery in the markets relevant to us continued to gain momentum in the second quarter. This was reflected both in the trend in industrial production and in the purchasing managers’ indices for the economies relevant to us. Demand for capital goods in the semiconductor, electronics, and logistics sectors was particu- larly strong. Basler outperformed the market significantly: incoming orders were 59 % higher than the previous year’s figure, and revenues rose by 36 %. Basler saw very positive developments in all regions. We achieved particularly high growth rates in China. At the same time, the overall economic environment remains marked by geopoliti- cal and trade-related uncertainties. The potential consequences of the military con- flict in Iran, as well as the further development of U.S. tariff policy and its impact on global capital goods markets, remain difficult to assess and are being closely moni- tored. Meanwhile, the persistently high demand for semiconductors and electronic components in the second quarter increased pressure on supply chains. For c ertain components, this led to longer delivery times and isolated shortages. A few days before the publication of this report, the Kumamoto region of Japan was struck by an earthquake. As a result of the event, Sony—one of our key suppli- ers of image sensors—was forced to temporarily suspend production at a plant lo- cated there. We are in close contact with Sony regarding this matter. As of the date of this report, production remains suspended. According to Sony, measures have been initiated to resume operations as soon as possible. The com- pany currently expects the plant to be able to gradually return to its normal pro- duction capacity starting in mid-August. Based on current information, we expect lower production volumes in September and October as a result of this event. To- gether with Sony, we are working with high priority to minimize the impact on our ability to deliver and on our business as much as possible. On the currency front, the positive exchange rate effects from the USD and the CNY outweighed the negative effects from other Asian currencies (JPY, KRW). Combined with high capacity utilization in our production, we once again achieved a gross margin above our target level of around 50 %. The strong revenue growth and the EBIT margin of 20.4 % underscore both the high adaptability of our organi- zation and the scalability of our business model. With a book-to-bill ratio that remains positive and a well-filled order backlog, we are entering the second half of the year with momentum. The results for the first half of the year and the continued positive trend in incoming orders during the first weeks of the third quarter give us reason to be generally confident. At the same time, the increasing supply chain bottlenecks and the temporary production stop- page at the Sony plant in Kumamoto present us with additional challenges in meeting the high demand. Taking these opportunities and risks into account, we continue to expect to signifi- cantly increase revenue and earnings in fiscal year 2026. Based on the strong per- formance in the first half of the year and the continued high demand, we are once again raising our full-year forecast. We now expect consolidated revenue of between €270 million and €290 million, as well as an EBIT margin of between 12.5 % and 14.5 %. As part of the previous fore- cast revision in early May, we had anticipated consolidated revenue of between €247 million and €270 million and an EBIT margin of between 9.5 % and 13.0 %. The performance over the past few months is a strong and encouraging sign for us. It confirms the resilience of our business model, the operational capabilities of the Basler team, and the effectiveness of the structural changes we have implemented in recent years. As the management board, we are confident that, on this basis, we
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Basler AG | 2026 Six-Month Report 4 can consistently continue on our chosen course and systematically capitalize on the market opportunities that arise. In the following, we provide you with information on the material developments of the first six months of 2026 and offer an outlook for the second half of the year. We thank you for your continued trust and hope you find this an informative re- port. Your management board
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Basler AG | 2026 Six-Month Report 5 Business Performance The markets for machine vision components performed well in the first six months of the fiscal year. According to the German Engineering Federation (VDMA), incom- ing orders for German manufacturers of machine vision components as of the end of June 2026 were 25 % higher than the previous year’s level in nominal terms. Industry revenue increased by 9 % over the same period. The Basler Group outperformed the overall market significantly. In the first six months of the fiscal year, incoming orders rose by 59 % to €180.0 million, com- pared with €113.3 million in the same period of the previous year. Revenue in- creased by 36 % to €152.4 million (previous year: €111.7 million). This strong business performance was driven by very dynamic business in all regions, led by China, continued above-average growth in the semiconductor, electronics, and logistics application areas, and an increasingly broad-based market recovery. Product Development & Product Launches In the first half of the year, Basler drove forward innovative new developments and successfully launched products on international markets. Total R&D expenses for the first six months amounted to €14.4 million (previous year: €14.8 million). As a percentage of revenue, total R&D expenses fell relatively from 13.3 % to 9.5 %, pri- marily due to the positive sales trend. In recent months, the company has been working intensively on numerous product enhancements, some of which were already reported in the Q1 report. With the consistent expansion of its portfolio of image processing components and software tools for solution development, Basler is resolutely advancing its strategy to be- come a full-range supplier, enabling professional customers to develop and indus- trialize computer vision solutions as quickly and cost-effectively as possible. As one of the standout innovation projects in this transformation, Basler intro- duced a new tool for the digital development process of vision systems in early June. “Basler Vision Simulation” is a software solution that allows users to develop and immediately test image processing systems and applications themselves in a simulation environment. With the help of these digital twins, vision systems can be configured entirely digitally, their performance evaluated realistically, compared with other configurations, and optimized—long before the first hardware is built. During the current Early Access phase, the software is being developed iteratively based on customer feedback, with the target of releasing a version suitable for productive use in day-to-day operations by early 2027. The focus here is on further improving the user-friendliness of Basler Vision Simulation, adding new features, and simulating products with even greater realism. Outlook The overall economic and geopolitical environment remains marked by uncer- tainty. In particular, the ongoing tensions in the Middle East were a material reason for the cautious nature of the initial forecast at the start of the fiscal year. However, as of the end of July 2026, these tensions had not resulted in any material immedi- ate impact on the Basler Group’s revenue, assets, financial position, or earnings. In contrast, positive market trends gained momentum over the course of the first half of the year. For the remainder of the year, a generally positive trend in demand is expected; however, risks remain. These include, in particular, possible changes in customers’ investment and demand behavior due to geopolitical factors. In the short term, the greatest risks lie in the supply chains, which are finding it increasingly difficult to keep up with strong demand. A few days before the publication of this report, the Kumamoto region of Japan was struck by an earthquake. As a result of the event, Sony temporarily suspended production of image sensors at a plant located there. Based on current infor- mation, significant restrictions on production capacity are expected through mid- August. Since safety stock in the supply chain has been largely depleted due to
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Basler AG | 2026 Six-Month Report 6 high demand in recent months, management expects temporary constraints on the production of Basler cameras in September and October. We are making it our top priority to minimize the impact of these restrictions on the delivery capacity as much as possible. The strong business performance in the first half of the year, the high order back- log, and the increasingly broad-based market recovery give the management board reason to be generally confident about the second half of the year. At the same time, growing supply chain bottlenecks and the production stoppage at Sony’s plant in Kumamoto are making it difficult to fully meet the high demand. After weighing these opportunities and risks, the Basler Group is once again raising its forecast for fiscal year 2026. The management board now expects consolidate d revenue of between €270 million and €290 million, as well as an EBIT margin of be- tween 12.5 % and 14.5 %. As part of the previous forecast revision in early May, the Group had projected consolidated revenue of between €247 million and €270 mil- lion and an EBIT margin of between 9.5 % and 13.0 %. The relatively wide forecast ranges reflect in particular the ongoing uncertainties in the supply chains. The expected EBIT margin also takes into account higher varia- ble compensation components and potential performance-based employee profit- sharing plans resulting from the significantly improved revenue and earnings per- formance. Interim Management Report, including material supplementary notes to the financial statements as of December 31, 2025, in accordance with IFRS Report on the Earnings, Financial, and Asset Situation Revenue and incoming orders, Cost of Sales Revenue rose by 36 % compared to the same period in 2025, reaching €152.4 mil- lion (previous year: €111.7 million). Incoming orders increased to €180.0 million compared to the same period last year (previous year: €113.3 million), representing a 59 % increase over the previous year. Thanks to the high level of incoming orders received in recent months, the group is entering the second half of the year with a very strong order backlog of €75.5 million as of June 30, 2026. Incoming orders developed very positively across all regions in the first six months. The strongest growth was recorded in China. 52.1 61.2 58.5 65.3 85.6 94.4 59.5 52.2 56.3 56.5 77.3 75.0 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Incoming Orders mill. € Revenue mill. €
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Basler AG | 2026 Six-Month Report 7 4 1 1 2 1 1 2 1 1 2 1 1 2 1 1 2 1 1 2 1 1 2 Revenue by Region Global Organization 1 Headquarters, Germany 6 Korea 2 U.S. 7 Japan 3 Taiwan 8 Italy 4 Singapore 9 India 5 China 10 France Sales Offices 24% Asia 19 % Americas 29 % China 28 % EMEA TOTAL €152.4 million 24 % Asia
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Basler AG | 2026 Six-Month Report 8 Gross Profit and Gross Profit Margin The Basler Group’s gross profit margin rose to 51,6 % in the first half of 2026 (pre- vious year: 46.6 %). With an increase of 5.0 percentage points, it thus exceeded the targeted minimum level of approximately 50 %. The significant improvement in the margin resulted in particular from the positive impact of numerous optimization measures in recent quarters, high utilization of production capacity, improved efficiency in production operations, and favorable currency effects. Since a material portion of revenues is generated in U.S. dollars and Chinese yuan, while production costs are incurred primarily in euros and, to a lesser extent, in U.S. dollars, exchange rate movements in the first half of the year had an overall positive impact on the gross profit margin. Compared to the first quarter, positive effects from the U.S. dollar and the Chinese yuan in particular re- inforced this trend. By contrast, the weakness of other Asian currencies, particularly the JPY and KRW, weighed on price competitiveness in the respective sales markets and exerted pressure on achievable margins. These effects were more than offset by the posi- tive performance of the major currencies, high capacity utilization, and further effi- ciency gains. Looking ahead to the rest of the year, the management board expects price and competitive pressure to remain high, particularly in the Asian markets. Persistent weakness in Asian currencies may also continue to weigh on the gross profit margin. At the same time, high capacity utilization, the improved cost structure, and the group’s currency mix provide a solid foundation for counteracting these effects. 28.2 23.8 27.3 27.1 39.8 38.8 47.5 45.6 48.4 48.0 51.5 51.6 .00 10.00 20.00 30.00 40.00 50.00 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Gross Profit mill. € (adj. in 2025) Gross Margin % (adj. in 2025)
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Basler AG | 2026 Six-Month Report 9 Earnings Before Interest and Taxes Earnings before interest and taxes increased by €22.5 million to €31.1 million in the first half of 2026 (previous year: €8.6 million). The material driver of this develop- ment was the significant increase in gross profit, which was largely reflected in the operating result due to the scalable cost structure. At the same time, the Basler Group is making targeted investments in further effi- ciency gains and the ongoing development of its organization. The resulting in- crease in operating expenses was more than offset by strong revenue growth and an improved gross profit margin. Progress in implementing the strategy, combined with structural adjustments made in recent years, a consistent focus on more efficient processes, and the high scala- bility of the business model, thus formed the basis for the disproportionately high increase in earnings. Consolidated net income for the first six months of 2026 amounted to €23.6 million (previous year: €6.5 million). Earnings per share rose accordingly to €0.77, com- pared with €0.21 in the previous year. 6.2 2.5 5.8 3.2 17.6 13.5 10.5 4.8 10.3 5.6 22.7 18.0 -30 -20 -10 00 10 20 00 05 10 15 20 25 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 EBIT mill. € (adj. in 2025) EBIT Margin % (adj. in 2025)
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Basler AG | 2026 Six-Month Report 10 Financial Position The Basler Group’s total assets increased by 9 % as of June 30, 2026, compared to the end of 2025, to €260.2 million. While non-current assets remained virtually un- changed at €125.7 million, current assets rose by €23.1 million to €134.5 million. This development was primarily attributable to the business-related increase in re- ceivables from deliveries and services and the build-up of inventories. Inventories increased by €3.7 million compared to December 31, 2025, to €36.4 million. At the same time, the inventory coverage ratio decreased to 88 days from 102 days in the prior-year period. This illustrates that the increase in inventory was significantly less than proportional to business growth. Against the backdrop of ris- ing demand, longer delivery times, and occasional bottlenecks in the procurement markets, inventory levels will continue to be closely managed. The target for inven- tory coverage is approximately 100 days. Receivables from deliveries and services rose by €21.4 million to €60.5 million. In addition to strong revenue growth, extended collection periods across all regions had an impact on this development. The increase was particularly pronounced in China, due in part to country-specific payment and settlement terms. The days rev- enue outstanding increased from 63 to 71 days. Cash in bank and cash in hand increased slightly from €29.0 million to €30.2 mil- lion. Equity Development As a result of earnings, equity increased to €153.9 million in the first six months (Dec. 31, 2025: €132.9 million). The equity ratio improved to 59.2 % as of June 30, 2026, compared to 55.8 % as of December 31, 2025, primarily due to the increase in consolidated net income.
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Basler AG | 2026 Six-Month Report 11 Cash Flow and Liquidity Position Net cash provided by operating activities increased to €16.6 million in the first six months of 2026 (previous year: €8.5 million). A material positive driver was the sig- nificant increase in consolidated net income for the period. This was offset in par- ticular by the increased tie-up of funds in working capital. The increase in trade re- ceivables from deliveries and services reduced operating cash flow by €21.2 million, while the increase in inventories reduced it by €3.5 million. This was partially offset by, among other factors, the increase in trade payables. Cash outflow from investing activities decreased to –€3.8 million (previous year: –€5.4 million). Material components included investments in internally developed intangible assets and fixed assets, as well as the acquisition of shares in the former distribution partner Alpha TechSys. Cash outflow from financing activities amounted to –€11.8 million (previous year: –€4.7 million). The main factors contributing to this were the repayment of bank loans totaling €6.9 million, the repayment of lease liabilities totaling €1.5 million, and the payment of the dividend for fiscal year 2025 in the amount of €3.4 million. The cash-based increase in cash and cash equivalents amounted to €1.0 million. In addition, exchange rate fluctuations had a positive impact of €0.2 million on for- eign currency holdings (previous year: –€0.8 million). Cash and cash equivalents thus increased from €29.0 million (Dec. 31, 2025) to €30.2 million as of June 30, 2026. Free cash flow, defined as the sum of net cash provided by operating activities, cash flow from investing activities, and the impact of exchange rate changes on cash and cash equivalents, increased to €12.9 million, compared to €2.3 million in the same period of the prior year. Cash Flow 1.5 7.0 11.5 10.1 7.6 9.0 –2.7 –2.7 –2.0 –2.6 –2.8 –1.0 –1.8 4.1 9.7 6.6 4.8 8.2 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 ICF mill. € (adj. in 2025), pro-forma* OCF mill. € (adj. in 2025), pro-forma* FCF mill. € (adj. in 2025), pro-forma*/ ** * Adjusted, pro forma: Breakdown for Q3–Q4 2025 is preliminary **including currency effects
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Basler AG | 2026 Six-Month Report 12 Employees On average during the period, the Basler Group employed 840 (Dec. 31, 2025: 824) employees, calculated on a full-time equivalent basis. As of the reporting date of June 30, 2026, the Basler Group employed 842 (December 31, 2025: 811) employ- ees, calculated on a full-time equivalent basis. Report on Material Transactions with Related Parties There have been no new material transactions with related parties since the report- ing period for the fiscal year from January 1, 2025, to December 31, 2025. Opportunities and Risks Report For information on the material opportunities and risks associated with the ex- pected development of the Basler Group, please refer to the Opportunities and Risks Report in the Group Management Report as of December 31, 2025. Overall, the identified risks—neither individually nor collectively—pose a threat to the Group’s continued existence; the risk situation and potential impacts on the capital goods markets are monitored on an ongoing basis. Material exogenous risk drivers continue to arise from geopolitical developments as well as developments in trade and customs policy, particularly in connection with potential trade restrictions and increased customs tariffs. For the most part, the tariff increases were passed on to customers. Nevertheless—despite positive trends in incoming orders and revenue—there remains a risk of persistent market weakness or a decline in demand due to geopolitical uncertainties and inflation. Risk-mitigating factors include regional diversification, the Group’s own sales or- ganizations in China and the U.S., and the second production site in Singapore. Due to its international business activities, the group is also exposed to exchange rate fluctuations. To limit earnings volatility, appropriate financial instruments are used—to the extent that it makes economic sense. In addition, risks related to cyber, information, and IT security are actively mitigated through insurance and services provided by experts. Market volatility and intense competition continue to represent significant risk areas. As demand increases, so does the risk of potential supply bottlenecks. These are countered through very close cooperation with suppliers and close monitoring of demand trends. A few days before this report was published, the Kumamoto region of Japan was struck by an earthquake. As a result of the event, Sony temporarily suspended pro- duction of image sensors at a plant located there. At the time of this report, pro- duction remained suspended. According to Sony, measures have been taken to re- sume operations as soon as possible; it is currently expected that the plant will be able to gradually return to its normal production capacity starting in mid-August. Based on current information, the Basler Group expects temporary disruptions to its production volumes in September and October. Together with Sony, Basler is working with high priority to minimize the impact on delivery capacity and its own production as much as possible. The updated forecast for fiscal year 2026 reflects the information available at the time of this report. The most recent comprehensive Group-wide risk assessment was conducted in the second half of 2025; material risks are assessed on an ad hoc basis as needed. Events After the End of the Interim Reporting Period
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Basler AG | 2026 Six-Month Report 13 Notes to the Interim Financial Statements in accordance with IFRS The Basler Group’s interim financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the European Un- ion, and the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC). These interim financial statements were prepared in accordance with the requirements of IAS 34. In general, the same accounting and valuation methods are applied in the interim fi- nancial statements as in the consolidated financial statements as of December 31, 2025. For material changes to the group balance sheet, the group statement of compre- hensive income, and the group statement of cash flows, please refer to the report on the earnings, financial, and asset situation. The statements regarding IFRS 9 made in the annual financial statements as of December 31, 2025, have not changed in the first six months of the current fiscal year. To date, the Basler Group has not observed any changes in customers’ payment behavior that would have led to a different valuation of the receivables from deliveries and services. Basler on the Capital Market The very positive business performance in recent months, combined with improv- ing sentiment in the capital markets toward small- and mid-cap companies, has had a significantly positive impact on Basler’s stock price—particularly in recent weeks—and led to the company’s re-inclusion in the SDAX in early June. In recent months, management has once again intensified its active engagement with the capital markets through conferences, roadshows, and video calls. In the coming months of the fiscal year, management will continue to report transparently on the market situation and progress in the transformation to a solutions provider, and will present at several capital markets conferences. €15.32 Opening price on January 2, 2026 €28.25 Closing price on June 30, 2026 50.00 100.00 150.00 200.00 250.00 2025-12-30 2026-02-28 2026-04-30 2026-06-30 Basler AG Performance Germany TECDAX (TR) Performance
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Basler AG | 2026 Six-Month Report 14 Shareholder Structure as of June 30, 2026 Basler AG’s share capital amounted to €31.5 million as of the end of the quarter on June 30, 2026, and is divided into 31.5 million no-par bearer shares with a par value of one euro each. 53 % Norbert Basler Holding GmbH 30 % Free Float 4 % DWS 4 % Norges Bank 4 % Dr. Dietmar Ley 3 % Union Investment 2 % Treasury Shares
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Basler AG | 2026 Six-Month Report 15 Basler Shareholdings June 30, 2026 December 31, 2025 Supervisory board Norbert Basler 0 0 Horst W. Garbrecht (until June 1, 2026) 34,000 30,000 Dr. Dietmar Ley (effective June 1, 2026) 1,195,585 1,184,056 Tanja Schley 0 0 Lennart Schulenburg 0 0 Dr. Holger Singpiel 200 200 Prof. Dr. Mirja Steinkamp 16,000 12,793 Management board Ines Brückel 2,428 0 Hardy Mehl 87,351 75,782 Dr. Kai Jens Ströder 0 0 Treasury stock As of June 30, June 2026, based on the new authorization to acquire and use treas- ury shares pursuant to Section 71(1)(8) of the German Stock Corporation Act (AktG), which was adopted at the Annual General Meeting on May 26, 2023, under agenda item 7, the company still holds 742,470 treasury shares, representing 2.36 % of the share capital of 31.5 million shares. Treasury shares were transferred to members of the management board and former members of the management board in connection with the 2025 management board compensation. The transfer of 3,194 shares to Dr. Dietmar Ley was recorded at the end of the first quarter. The additional transfers totaling 6,704 shares were recorded by the custodian bank after the reporting date of March 31, 2026, and are therefore reflected in the second quar- ter.
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Basler AG | 2026 Six-Month Report 16 2026 annual general meeting On June 1, 2026, the annual general meeting of Basler AG took place at the Hamburg Chamber of Commerce. Among other things, the annual general meeting voted on the proposal for the appropriation of profits for the 2025 fiscal year and thereby approved a dividend of €0.11 per dividend-eligible share (equivalent to €3.4 million). In line with the company’s dividend policy, this corresponds to a payout ratio of 30 %. The complete voting results from this year’s annual general meeting are as follows: Agenda items Shares for which valid votes were cast Percentage of share capital in % Yes in % Ab- stentions No in % Proposed resolution Agenda item 2: Resolution on the appropriation of retained earnings for fiscal year 2025 24,159,599 76.70 % 24,156,932 99.99 % 0 2,667 0.01 % Approved Agenda item 3: Resolution on the discharge of the members of the management board for the fiscal year 2025 22,860,737 72.57 % 22,860,377 99.99 % 15,926 360 0.01 % Approved Agenda item 4: Resolution on the discharge of the members of the supervisory board for the 2025 fiscal year 7,503,217 23.82 % 5,027,202 67.00 % 15,926 2,476,015 33.00 % Approved Agenda item 5: Election of the auditor and the consolidated financial statement auditor for fiscal year 2026, the auditor for the review of other interim financial reports during the year for the fiscal year 2026 and the fiscal year 2027 prior to the 2027 annual general meeting, as well as the auditor for the sustainability reporting for the 2026 fiscal year 24,159,599 76.70 % 23,029,781 95.32 % 0 1,129,818 4.68 % Approved Agenda item 6: Resolution on the election to the supervisory board of Basler Aktiengesellschaft – Election of Prof. Dr. Mirja Steinkamp 24,159,599 76.70 % 22,725,910 94.07 % 0 1,433,689 5.93 % Approved Agenda item 7: Resolution on a by-election to the supervisory board of Basler Aktiengesellschaft – Election of Dr. Dietmar Ley 24,159,599 76.70 % 21,256,116 87.98 % 0 2,903,483 12.02 % Approved Agenda item 8: Resolution on the approval of the audited compensation report for fiscal year 2025 24,159,599 76.70 % 20,773,168 85.98 % 0 3,386,431 14.02 % Approved Agenda item 9: Resolution on the approval of the remuneration system for the members of the management board 24,159,599 76.70 % 19,376,659 80.20 % 0 4,782,940 19.80 % Approved Agenda item 10: Resolution on the approval/determination of an infla- tion adjustment bonus for the members of the supervisory board for the fiscal year 2025/2026 24,159,599 76.70 % 24,149,111 99.96 % 0 10,488 0.04 % Approved
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Basler AG | 2026 Six-Month Report 17 German Corporate Governance Code The current statement by the management board and supervisory board pursuant to Section 161 of the German Stock Corporation Act (AktG) regarding the German Corporate Governance Code has been made permanently available to shareholders on the Basler website at www.baslerweb.com/en/investors/corporate-governance/. Assurance by the Legal Representatives We hereby certify, to the best of our knowledge, that in accordance with the appli- cable accounting principles for interim reporting, the interim consolidated financial statements present a true and fair view of the Group’s financial position, financial position, and results of operations of the group, and that the group’s interim man- agement report presents the course of business, including the business results and the group’s position, in such a way as to provide a true and fair view, and describes the material opportunities and risks associated with the group’s expected develop- ment for the remainder of the fiscal year. The management board Hardy Mehl CEO Ines Brückel CFO Dr. Kai Jens Ströder CTO
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Basler AG | 2026 Six-Month Report 18 Figures and Results in € k 01/01 – 06/30/2026 01/01 – 06/30/2025 (adj.)* Revenue 152,394 111,686 Currency earnings 630 –2,093 Cost of sales –77,377 –57,577 Gross profit on sales 78,646 52,016 Other income 497 542 Revenue and marketing costs –22,107 –20,350 General administration costs –10,509 –9,905 Research and development –14,770 –13,405 Other expenses –670 –305 Operating result 31,087 8,593 Financial income 221 148 Financial expenses –749 –555 Financial result –528 –407 Profit shares in companies accounted for using the equity method 0 45 Impairment losses for companies accounted for using the equity method 0 –381 Earnings before tax 30,559 7,850 Income tax –6,941 –1,402 Group’s net profit / loss for the period 23,618 6,447 of which are allocated to shareholders of the parent company 23,618 6,447 non-controlling shareholders 0 0 Average number of shares 30,750,162 30,744,069 Earnings per share diluted = undiluted (€) 0.77 0.21 * The prior-year figures have been restated in accordance with IAS 8 and IAS 1. Consolidated Profit and Loss Statement Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026
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Basler AG | 2026 Six-Month Report 19 Consolidated Statement of Comprehensive Income Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026 in € k 01/01 – 06/30/2026 01/01 – 06/30/2025 (adj.)* Groups's net profit / loss for the period* 23,618 6,447 Items not reclassified in the income statement Gain from the valuation of equity instruments 0 0 Items that are reclassified to the income statement under certain conditions Result from currency translation differences recognized directly in equity 684 –441 Other result 684 –441 Total result 24,302 6,006 Of which attributable to Shareholders of the parent company* 24,302 6,006 *The prior-year figures have been restated in accordance with IAS 8.
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Basler AG | 2026 Six-Month Report 20 Consolidated Balance Sheet Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026 in € k 06/30/2026 12/31/2025 Assets A. Long-term assets I. Intangible assets 38,359 39,286 II. Goodwill 46,924 46,075 III. Fixed assets 10,174 10,653 IV. Rights of use from leases 22,954 23,888 V. Financial assets 594 594 VI. Financial assets accounted for using the equity method 0 0 VII. Other non-current financial assets 4,621 4,291 VIII. Other non-current assets 98 102 IX. Deferred tax assets 2,010 1,741 125,733 126,630 B. Short-term assets I. Inventories 36,430 32,727 II. Receivables from deliveries and services 60,484 39,066 III. Other current financial assets 271 3,487 IV. Other current non-financial assets 7,026 7,003 V. Claim for tax refunds 104 147 VI. Cash in bank and cash in hand 30,184 28,994 134,498 111,425 260,231 238,055
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Basler AG | 2026 Six-Month Report 21 Consolidated Balance Sheet Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026 in € k 06/30/2026 12/31/2025 Liabilities A. Equity I. Subscribed capital 30,758 30,748 II. Capital reserves 17,279 17,475 III. Retained earnings 110,104 89,798 IV. Other components of equity –4,483 –5,167 Equity of Basler AG 153,657 132,853 V. Noncontrolling interests (NCI) 275 0 153,932 132,853 B. Long-term debt B. Long-term liabilities I. Long-term liabilities to banks 29,907 34,672 II. Other financial liabilities 0 0 III. Leasing liabilities 15,541 16,164 IV. Non-current provisions 1,474 1,450 V. Deferred tax liabilities 4,393 1,487 51,316 53,773 C. Short-term debt I. Other financial liabilities 10,668 11,821 II. Short-term accrual liabilities 10,275 8,523 III. Trade payables 21,087 19,507 IV Other financial liabilities 346 203 V. Other non-financial liabilities 5,417 5,795 VI. Leasing liabilities 2,809 2,814 VII. Current tax liabilities 4,381 2,763 54,984 51,428 260,231 238,055
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Basler AG | 2026 Six-Month Report 22 Other components of equity in € k Subscribed capital Capital reserve* Retained reserves* Revaluation reserve Equity-difference from currency conversion Equity-changes in initial adoption of IFRS 16 / IFRS 15 Total other components of equity Non-controlling interests Total Shareholders' Equity as of 01/01/2025 (adjusted)* 30,743 17,398 81,452 0 –895 –4,812 –5,707 0 123,886 Group result 6,447 6,447 Other income –441 –441 –441 Share-based compensation 5 35 40 Shareholders' Equity as of 06/30/2025 (adjusted)* 30,748 17,398 87,934 0 –1,336 –4,812 –6,148 0 129,932 corrections Equity –485 905 –419 –419 0 Group result 5,185 5,185 Other income –4,812 587 –3,411 4,812 1,401 –2,825 Share-based compensation 562 562 Shareholders' Equity as of 12/31/2025 30,748 17,475 89,212 587 –5,167 0 –5,167 0 132,853 Group result 23,618 23,618 Other income 684 684 684 Non-controlling interests arising from the acquisition of a subsidiary 275 275 Dividend outpayment** 0 –3,383 –3,383 Share-based compensation 10 –196 71 –115 Shareholders' Equity as of 06/30/2026 30,758 17,279 109,518 587 –4,482 0 –4,482 275 153,932 *The prior-year figures have been restated in accordance with IAS 8. ** €0.11 per share (dividend to be paid in 2026 for 2025) Consolidated Statement of Changes in Equity Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026
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Basler AG | 2026 Six-Month Report 23 Consolidated Cash Flow Statement Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026 in € k 01/01 – 06/30/2026 01/01 – 06/30/2025 (adj.) Operating activities Group net profit* 23,618 6,448 Income tax expense recognized in profit or loss* 6,941 1,403 other non-cash expenses and income -91 816 Payout/incoming payments for interest* 528 407 Depreciation of fixed assets* 6,782 7,901 (+) Loss shares and impairments on companies accounted for using the equity method 0 336 Increase (+) / decrease (-) in accruals 1,776 351 Profit (-) / loss (+) from asset disposals 0 0 Increase (-) / decrease (+) in reserves -3,499 5,276 Increase (-) / decrease (+) in accounts receivable -21,151 -5,011 Increase (-) / decrease (+) in other assets* 3,393 -2,023 Increase (+) / decrease (-) in accounts payable 1,313 -917 Increase (+) / decrease (-) in other liabilities -685 -4,151 Net cash from operating activities 18,925 10,835 Income taxes paid -2,322 -2,368 Net cash inflow from operating activities 16,603 8,468
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Basler AG | 2026 Six-Month Report 24 Consolidated Cash Flow Statement Consolidated financial statements in accordance with IFRS for the period from January 1 to June 30, 2026 in € k 01/01 – 06/30/2026 01/01 – 06/30/2025 (adj.) Investing activities Payout for investments in fixed assets – tangible assets –748 –438 Payout for investments in fixed assets – intangible assets –2,462 –4,728 Incoming payments for asset disposals -27 5 Acquisition of subsidiaries 0 Proceeds from the sale of investments 0 0 Payments for financial and non-financial assets* –106 0 Acquisition of subsidiaries –305 Acquisition of companies accounted for using the equity method –591 0 Interest payments 90 29 Dividends received from associated companies 0 0 Net cash outflow from investing activities –3,844 –5,437 Financing activities Payout for amortization of bank loans –6,938 –3,022 Payout for amortization of finance lease –1,544 –1,040 Incoming payment for borrowings from banks 830 –39 Interest payout –319 –390 Interest from rights of use –407 –192 Dividends paid –3,383 0 Net cash used for financing activities –11,761 –4,684 Cash-effective changes in cash and cash equivalents in the period 998 –1,653 Cash and cash equivalents at the beginning of the period 28,994 21,323 Effects of exchange rate changes on cash holdings in foreign currency 191 –776 Cash and cash equivalents at the end of the period 30,184 18,894 Composition of liquid funds at the end of the year Cash in bank and cash in hand 30,184 18,894 * The prior-year figures have been restated in accordance with IAS 8 and IAS 1.
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Basler AG | 2026 Six-Month Report 25 Dates IR Dates Date Publication / Event Location August 26, 2026 Hamburg Investor Days (HIT), including presentation Hamburg, Germany September 21, 2026 Berenberg and Goldman Sachs 15th German Corporate Conference Munich, Germany November 4, 2026 Publication of the 2026 9-Month Report Ahrensburg, Germany November 23–25, 2026 German Equity Forum Frankfurt am Main, Germany Trade Shows Date Trade Show Locations October 6–8, 2026 VISION Stuttgart, Germany October 14, 2026 MachineBuilding.Live Stoneleigh Park, UK
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Basler AG | 2026 Six-Month Report 26