Interim report
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9-Month Report 2026
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Basler AG | 9-Month Report 2026 2 Key Figures Quarter in millions of €* Jan. 1 – Sept. 30, 2026 Jan. 1 – Sept. 30, 2025 (adj.)** Change from the previous year (adj.)** Incoming orders 278.6 171.8 62 % Sales revenues 227.4 168.0 35 % Gross profit margin 52.9% 47.2 % 5.7 Pp. R&D ratio (Full costs) 11.2% 15.9 % –4.7 Pp. EBITDA 61.6 27.2 >100 % EBIT 51.1 14.6 >100 % EBIT margin 22.5 % 8.7 % 13.8 Pp. Consolidated net income 38.2 11.1 >100 % Weighted average number of shares 30,752,446 30,745,138 0 % Result per share in € 1.24 0.36 >100 % Free cash flow 31.0 11.7 >100 % End of quarter in millions of €* Sept. 30, 2026 Dec. 31, 2025 (adj.)** Change from the previous year Total assets 281.2 238.1 18 % Non-current assets 128.1 126.6 1 % Equity 172.0 132.9 29 % Equity ratio 61.2 % 55.8 % 5.4 Pp. Debt 109.2 105.2 4 % Net liquidity 6.6 –17.5 >100 % Receivables coverage (days) 73 63 10 Inventory coverage (days) 92 102 –10 Payables cycle (days) 46 61 –15 Average number of employees for the period (full-time equivalents) 838 824 2 % Stock price (XETRA) in € 24.3 15.3 58 % Number of shares in circula- tion 30,757,530 30,747,632 0 % Market capitalization 745.9 470.4 59 % *unless otherwise stated ** The previous-year figures have been restated in accordance with IAS 8 and IAS 1 (material adjustments related to the accounting treatment of leases)
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Basler AG | 9-Month Report 2026 3 Dear Shareholders, We can look back on another strong third quarter and, consequently, a very successful first nine months of fiscal year 2026. Following an exceptionally dynamic second quarter, we were able to maintain our high revenue level in the third quarter as well. The sustained high demand for our products and our strong operational performance form the foundation for this encouraging devel- opment. The recovery in the markets relevant to us continued in the third quarter. The global Purchasing Managers’ Index for the manufacturing sector (J.P. Morgan Global Manufacturing PMI) reached 53 points in September, its highest level in over four years. This broad-based market recovery sup- ported the positive demand trend in our business. In particular, demand for image processing com- ponents for capital goods in the areas of semiconductor and electronics production for consumer goods and data centers, as well as logistics automation, continued to gain momentum. We were once again able to successfully capitalize on market opportunities in the third quarter. With a quarterly revenue of €75 million, we matched the high level of the previous quarter. In the first nine months, sales revenues thus rose by 35 % to €227.4 million. Incoming orders rose by 69 % on a quar- terly basis compared to the third quarter of 2025 and, at €278.6 million after nine months, were 62 % higher than the prior-year figure. The EMEA and Asia regions showed particularly strong growth. The widespread regional increase in revenue underscores our strong global market access. The persistently high demand and the ongoing recovery of our sales markets also make us confident about the fourth quarter. Despite continuing geopolitical and trade-related uncertainties, we expect a very positive business performance. The main limiting factor at present is the increasingly strained supply chains - particularly for semiconductor and electronic components - which make it difficult to fully realize the existing production and revenue potential.
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Basler AG | 9-Month Report 2026 4 Our image sensor supplier, Sony, was able to resume regular production as scheduled following the earthquake in Kumamoto in August. Although the volumes lost during the production shutdown cannot be made up, current estimates indicate that the resulting revenue constraints will be less se- vere than previously expected. The remaining constraints on our supply capacity primarily affect the months of October and November, without materially altering our overall positive outlook for the fourth quarter. Our profitability once again showed a particularly encouraging trend. Strong operating performance, high production capacity utilization, and consistently implemented efficiency measures contributed materially to the positive earnings trend. In addition, earnings were bolstered by positive one-time effects, some of which are non-recurring. These include, in particular, the promised reimbursement of previously imposed U.S. tariffs, which had a positive impact on the gross profit margin, as well as effects from the capitalization of software development costs. Favorable exchange rate movements against the USD and CNY also supported profitability. Overall, we achieved a gross profit margin of 52.9 % and an EBIT margin of 22.5 % in the first nine months. With an order backlog of €100.5 million as of September 30, 2026, and demand remaining high, we are well positioned for the remaining months of the fiscal year and the beginning of the next fiscal year At the same time, the tight supply situation continues to require a high degree of flexibility in our production and delivery planning. Against this backdrop, we confirm our expectation of a significant increase in revenues and earnings for fiscal year 2026. Taking into account the business performance to date, the positive operating momentum, and the remaining opportunities and risks, we anticipate consolidated revenues of be- tween €295 million and €300 million, as well as an EBIT margin of between 17.5 % and 19.5 %. As part of the previous upward revision of our forecast at the half-year mark, we had anticipated con- solidated revenue of between €270 million and €290 million and an EBIT margin of between 12.5 % and 14.5 %. When assessing the expected profitability, the positive one-time effects that have oc- curred so far this year, as well as a performance-based special payment to our employees, must be taken into account.
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Basler AG | 9-Month Report 2026 5 The performance over the first nine months reaffirms that we are on the right track. Our strategic di- rection, along with the structural changes and efficiency measures are increasingly taking effect and strengthening our competitiveness. Together with the market recovery and our strong technological positioning, these factors form a solid foundation for successfully capitalizing on future growth op- portunities. In the following, we provide an overview of the material developments in the first nine months of 2026 and offer an outlook on future business performance. We thank you for your continued trust and hope you find this report informative. Your management board
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Basler AG | 9-Month Report 2026 6 Business Performance The markets for image processing components performed well in the first nine months of the fiscal year. According to the German Engineering Federation (VDMA), incoming orders for German manu- facturers of image processing components were up 33 % in nominal terms as of the end of August 2026 compared with the previous year. Industry revenue increased by 14 % during the same period. The Basler Group outperformed the German image processing components industry by a significant margin. In the first nine months of the fiscal year, incoming orders rose by 62 % to €278.6 million, compared with €171.8 million in the same period of the previous year. Revenues increased by 35 % to €227.4 million (previous year: €168.0 million). This strong business performance was driven by very dynamic business across all regions , led by China. In terms of application industries, disproportionately high growth was seen in the semicon- ductor, electronics, and logistics automation sectors. Product Development & Product Launches During the fiscal year to date, Basler has driven forward innovative new developments and success- fully carried out international product launches. Total development costs amounted to €25.4 million in the first nine months (previous year: €26.7 million). As a percentage of revenues, total develop- ment costs fell relatively from 15.9 % to 11.2 %, primarily due to the positive sales trend. In recent months, the company has been working intensively on numerous product enhancements, some of which were already discussed in the two previous reports. Through the consistent expansion of its portfolio of image processing components and software tools, Basler is resolutely advancing its strategy to become a full-range supplier, enabling professional customers to develop and manufac- ture computer vision solutions as quickly and cost-effectively as possible. At the end of July, the company expanded its 3D portfolio with the Stereo mini, a compact, light- weight, and cost-effective camera developed specifically for use in robotics and logistics applica- tions. As a full-range provider, Basler offers not only the camera but also matching lighting, cables, acquisition cards, and control via the pylon SDK.
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Basler AG | 9-Month Report 2026 7 From October 6–8, the company showcased its offerings at the VISION 2026 trade show in Stuttgart under the motto “Accelerate Your Vision. Everything You Need for Your Vision Application.” Practical examples addressing the most common customer requirements were presented: ▪ Combinability of Vision Components: Basler demonstrates the flexibility of its vision solutions with a variety of live demonstrations. ▪ Mobility: Compact 2D and 3D vision technology with an optimized balance of size, weight, and power consumption, combined with impressive cost-effectiveness-ideal for autonomous mobile robots. ▪ System Performance: High-speed and high-throughput demos featuring area scan cameras (ace 2 10GigE) and line scan cameras (racer 2 S trilinear color camera) for highly demanding in- spections of moving materials. In addition, the following technology premieres and innovations were presented: ▪ Lens & Lighting Control: Control of lenses and/or lighting via a single camera I/O line and within a single SDK. ▪ Basler ace 2 10GigE: 10GigE camera with a compact form factor of 29 mm × 29 mm, equipped with PoE and RDMA. ▪ Vision Simulation: Virtual testing of camera, lens, and lighting setups and generation of synthetic AI training data prior to deploying real hardware. ▪ Agentic Development: A concept for AI-assisted vision engineering that combines a vision simulation agent with a pylon coder agent.
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Basler AG | 9-Month Report 2026 8 Outlook The overall economic and geopolitical environment remains marked by uncertainty. Despite existing geopolitical tensions and trade policy risks, business for the Basler Group has developed very posi- tively. The broad-based market recovery in many regions and industries -particularly in the semicon- ductor, electronics, and logistics sectors- continued in the third quarter. For the remaining months of the fiscal year, the management board anticipates that demand will re- main strong. However, the greatest short-term challenges lie in the availability of semiconductor components and the increasingly strained global supply chains. The very high demand is leading to extended delivery times and limiting the ability to convert existing customer orders into further reve- nue growth in the short term. The situation regarding the earthquake-related production disruption at our image sensor supplier, Sony, has stabilized. Production has resumed as planned; however, the shortfall in delivery volumes cannot be fully offset. This will result in constraints on delivery capacity, particularly for the months of October and November. Based on current information, however, the expected revenue constraints will be less severe than initially anticipated. The very positive business performance in the first nine months, the high order backlog, and the in- creasingly broad-based market recovery give the management board confidence in the future course of business. Taking into account the existing opportunities and risks, the Basler Group expects consolidated revenue for fiscal year 2026 to range between €295 million and €300 million, as well as an EBIT margin between 17.5 % and 19.5 %. As part of the previous upward revision of the forecast in the half-year report, consolidated revenue of between €270 million and €290 million and an EBIT margin of between 12.5 % and 14.5 % had been projected. The revenue forecast takes into account, in particular, the existing constraints in the supply chains, which limit the company’s ability to fully meet demand despite the high order backlog of €100.5 mil- lion as of September 30, 2026. The expected EBIT margin reflects not only the strong operational performance and the sustainably improved cost structures but also the positive one-time effects that have occurred so far this year. These effects are not considered recurring in terms of their magnitude
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Basler AG | 9-Month Report 2026 9 or impact. Furthermore, the forecast takes into account higher variable compensation components as well as a performance-based special payment for to employees. Interim Management Report, Including Material Supplementary Notes to the Financial State- ments as of December 31, 2025, Prepared in Accordance with IFRS Report on the Earnings, Financial, and Asset Situation Revenues and Incoming Orders, Cost of Sales Revenues rose by 35 % compared to the same period in 2025 to €227.4 million (previous year: €168.0 million). Incoming orders increased compared to the same period last year to € 278.6 million (previous year: €171.8 million), representing a 62 % increase over the previous year. Due to another increase in incoming orders in the third quarter, the group is entering the fourth quarter with a very strong order backlog of €100.5 million as of September 30, 2026. 52.1 61.2 58.5 65.3 85.6 94.4 98.6 59.5 52.2 56.3 56.5 77.3 75.0 75.0 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 Incoming Orders mill. € Revenue mill. €
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Basler AG | 9-Month Report 2026 10 Revenue by Region
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Basler AG | 9-Month Report 2026 11 Gross Profit Margin The Basler Group’s gross profit margin increased to 52.9 % in the first nine months of 2026 (previous year: 47.2 %). Material drivers of this positive development were high production capacity utilization and the sus- tained effects of the efficiency and optimization measures implemented. In addition, the gross profit margin benefited from positive exchange rate effects and a one-time item related to the promised reimbursement of previously levied U.S. tariffs. The latter led to a reduction in both sales revenues and cost of goods sold and had an overall positive impact on the gross profit margin. The special ef- fects bolstered the positive operating margin trend in the third quarter by approximately 2.0 per- centage points of the gross profit margin (cumulative: approximately 0.7 percentage points); how- ever, they should not be considered recurring. For the fourth quarter, the management board expects operating performance to remain strong. At the same time, performance-based special payments to employees can weigh on the gross profit margin. In addition, exchange rate fluctuations, ongoing competitive pressure, and the strained situ- ation in supply chains may influence margin development. 28.2 23.8 27.3 27.1 39.8 38.8 41.5 47.5 45.6 48.4 48.0 51.5 51.7 55.4 0.0 10.0 20.0 30.0 40.0 50.0 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 Gross Profit mill. € (adj. in 2025) Gross Margin % (adj. in 2025)
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Basler AG | 9-Month Report 2026 12 Earnings Before Interest and Taxes The EBIT margin rose to 22.5 % in the first nine months of 2026 (previous year: 8.7 %). Earnings be- fore interest and taxes (EBIT) rose by €36.5 million to €51.1 million in the first nine months of 2026 (previous year: €14.6 million). Material drivers of this development were the significant increase in gross profit, improved operational efficiency, and the increased scaling of the cost structure. In addition, earnings were bolstered by positive one-time effects. In addition to the effects already discussed from the reimbursement of U.S. tariffs, the capitalization of software development costs (of which €1.6 million was for the first half of the year) had a positive impact on EBIT in the third quarter. The reported full development costs and free cash flow were not affected by this. Overall, the special effects accounted for a positive impact on the EBIT margin of approximately 3.2 percentage points in the third quarter and approximately 1.0 percentage points for the first nine months. The structural improvements of recent years and the consistent implementation of our efficiency measures continue to form the foundation for the Basler Group’s sustainably strengthened operating profitability. When assessing the level of earnings achieved, the positive and in some cases non-re- curring special effects must be taken into account. Consolidated net income for the first nine months of 2026 amounted to €38.2 million (previous year: €11.1 million). Earnings per share increased accordingly to €1.24, up from €0.36 in the previous year. 6.2 2.5 5.8 3.1 17.6 13.5 20.010.5 4.8 10.4 5.5 22.7 18.0 26.7 -30.0 -20.0 -10.0 0.0 10.0 20.0 0.0 5.0 10.0 15.0 20.0 25.0 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 EBIT mill. € (adj. in 2025) EBIT Margin % (adj. in 2025)
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Basler AG | 9-Month Report 2026 13 Financial Position The Basler Group’s total assets increased by 18 % as of September 30, 2026, compared to the end of 2025, to €281.2 million. While non-current assets remained virtually unchanged at €128.1 million, current assets rose by €41.7 million to €153.1 million. This development was primarily attributable to the business-related increase in receivables from deliveries and services as well as the significant growth in cash and cash equivalents. Inventories increased by €4.3 million compared to December 31, 2025, to €37.0 million. At the same time, the inventory coverage ratio decreased from 102 to 92 days, remaining below the target of ap- proximately 100 days. This illustrates that, despite strong business growth, inventory levels devel- oped at a comparatively moderate pace. Against the backdrop of increasing bottlenecks in procure- ment markets and extended delivery times, inventory levels will continue to be managed proactively. To ensure future delivery capacity, longer-term orders through the end of 2027 are already required for certain components; depending on demand conditions, this could lead to an increase in inven- tory levels in the coming quarters. Receivables from deliveries and services rose by €22.0 million to €61.1 million as a result of strong business performance. At the same time, the days sales outstanding increased from 63 to 73 days. In addition to the increased business volume, this also reflects longer payment and settlement times in Asian sales markets. Cash in bank and cash in hand increased significantly from €29.0 million on December 31, 2025, to €43.8 million primarily due to the increase in net cash inflows from operating activities. Due to the positive result development, the equity ratio rose from 55.8 % to 61.2 % despite an increase in total assets Overall, this development underscores the Basler Group’s strengthened financial position and creates a solid foundation for further business growth.
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Basler AG | 9-Month Report 2026 14 Equity Development The Basler Group’s equity increased by €39.2 million to €172.0 million in the first nine months of 2026 (previous year: €132.9 million), primarily due to the strong consolidated net income for the pe- riod. As a result, the equity ratio increased by 5.4 percentage points as of September 30, 2026, to 61.2 % (previous year: 55.8 %) despite an increase in total assets. Cash Flow and Liquidity Position Net cash provided by operating activities increased significantly in the first nine months of 2026 to €37.1 million (previous year: €20.5 million). The material driver of this positive development was the strong increase in consolidated net income for the period. This was offset in particular by higher working capital requirements. The increase in receivables from deliveries and services reduced oper- ating cash flow by €21.5 million, while the build-up of inventories reduced it by €4.1 million. This was partially offset by, among other factors, the increase in other liabilities and equity. Cash outflow from investing activities decreased to €7.2 million (previous year: €7.9 million). Material components included investments in intangible assets totaling €5.8 million and in fixed assets total- ing €1.3 million. Cash outflow from financing activities amounted to €16.2 million (previous year: €8.3 million). This was primarily due to the repayment of bank loans totaling €9.4 million, the repayment of lease liabili- ties totaling €2.3 million, and the payment of the dividend for fiscal year 2025 totaling €3.4 million. The cash increase in cash and cash equivalents amounted to €13.7 million. In addition, exchange rate fluctuations had a positive impact of €1.1 million on foreign currency holdings (previous year: –€0.8 million). Cash and cash equivalents thus increased from €29.0 million as of December 31, 2025, to €43.8 million as of September 30, 2026. Free cash flow, defined as the sum of net cash provided by operating activities, cash flow from in- vesting activities, and the impact of exchange rate changes on cash and cash equivalents, increased significantly to €31.0 million, compared with €11.7 million in the same period of the previous year.
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Basler AG | 9-Month Report 2026 15 These developments underscore the Basler Group’s strong operating financial strength and im- proved liquidity position. *Adjusted, pro forma: Q3–Q4 2025 figures are derived for illustrative purposes only (no fully comprehensive derivation based on the adjusted balance sheet figures). **including currency effects Events After the End of the Interim Reporting Period No events of particular significance have occurred since the end of the reporting period that would materially affect the Company’s financial position, financial performance, or earnings. 1.5 7.0 12.0 9.7 7.6 9.0 20.5 -2.7 -2.7 -2.5 -2.1 -2.8 -1.0 -3.4 -1.8 4.1 9.5 6.8 4.8 8.2 18.1 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 OCF mill. € (adj. in 2025), pro-forma* ICF mill. € (adj. in 2025), pro-forma* FCF mill. € (adj. in 2025), pro-forma*/ **
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Basler AG | 9-Month Report 2026 16 Employees On average during the period, the Basler Group employed 838 (Dec. 31, 2025: 824) employees, calculated on a full-time equivalent basis. As of September 30, 2026, the Basler Group employed 837 (December 31, 2025: 811) employees, calculated on a full-time equivalent basis. Report on Material Transactions with Related Entities and Individuals There have been no new material transactions with related companies and in- dividuals since the reporting 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 related to the Basler Group’s projected de- velopment, 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 markets relevant to the Group are monitored on an ongoing basis. Material external risk factors continue to arise from geopolitical developments as well as develop- ments in trade and customs policy, particularly in connection with potential trade restrictions and in- creased customs tariffs. To date, the resulting customs duties have largely been passed on to cus- tomers. In connection with the promised reimbursement of previously levied U.S. customs duties, the Basler Group expects to pass on the corresponding refunds to affected customers. Despite the con- tinued positive trend in demand, there remains a risk of a slowdown in investment activity due to geopolitical and economic uncertainties. The group’s regional diversification, its own sales organiza- tions in China and the U.S., and its second production site in Singapore help mitigate these risks.
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Basler AG | 9-Month Report 2026 17 Due to its international business operations, the group is also exposed to exchange rate fluctuations. To limit the associated earnings risks, appropriate financial instruments are used whenever economi- cally justified. Risks in the areas of cyber, information, and IT security are of great importance given the increasing threat landscape. These risks are mitigated through appropriate security measures, insurance, and the involvement of external specialists. The Basler Group is currently undergoing the ISO/IEC 27001 certification process, which represents a further step toward systematic management and control of these risks. Market volatility and intense competition remain other relevant risk fac- tors. As demand has risen significantly, risks in global supply chains have also increased. Particularly with regard to semiconductor components, extended delivery times and limited production capacities at individual suppliers are leading to potential constraints on delivery capabilities. The Basler Group is addressing these challenges through close collaboration with its suppliers, forward-looking procure- ment planning, the establishment of second sources, where technically feasible and economically vi- able, and early coordination of future demand with its customers. In connection with the earthquake in Japan’s Kumamoto region, the situation at our image sensor supplier Sony has since stabilized. Following a temporary production interruption, regular manufac- turing has resumed. However, the production volumes lost during the shutdown cannot be made up for retroactively. Consequently, the Basler Group expects constraints on its ability to deliver , particu- larly in October and November, and corresponding impacts on revenue. Based on current infor- mation, however, the impact is expected to be less severe than initially assumed. The anticipated negative effects are factored into the forecast for fiscal year 2026. In the second half of 2026, a comprehensive, Group-wide risk assessment was conducted. As part of this process, structured interviews were conducted with risk managers from the business units and Group companies, existing risks and opportunities were reviewed, and new risks were evaluated. The results are currently being consolidated and will subsequently be presented to the management board and the Audit Committee. Based on the results to date, no new risks of a nature that could threaten the Group’s continued existence have been identified. In addition, material risks are as- sessed on an ad hoc basis as needed.
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Basler AG | 9-Month Report 2026 18 Notes to the Interim Financial Statements in Accordance with IFRS The Basler Group’s interim financial statements were prepared in accordance with International Fi- nancial Reporting Standards (IFRS), as adopted by the European Union, and the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpreta- tions Committee (SIC). These interim financial statements were prepared in accordance with the pro- visions of IAS 34. In principle, the same accounting and valuation methods are applied in the interim financial statements as in the consolidated financial statements as of December 31, 2025. For material changes to the group balance sheet, the group statement of comprehensive income, and the group statement of cash flows, please refer to the report on the results of operations, finan- cial position, and assets. The statements regarding IFRS 9 made in the annual financial statements as of December 31, 2025, have not changed in the first nine 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 receivables from deliveries and services.
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Basler AG | 9-Month Report 2026 19 Basler on the Capital Market The very positive business performance in recent months, combined with improving sentiment in the capital markets regarding small- and mid-cap companies, has had a significantly positive impact on Basler’s stock price, particularly in recent weeks, and culminated in the company’s reinstatement in the SDAX in early June 2026. In recent months, management has once again intensified its active en- gagement 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 marke t 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 €24.25 Closing price on September 30, 2026 0.00 50.00 100.00 150.00 200.00 250.00 Basler AG Performance Germany TECDAX (TR) Performance
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Basler AG | 9-Month Report 2026 20 Shareholder Structure as of September 30, 2026 Basler AG’s share capital amounted to €31.5 million as of the end of the quarter on September 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 38 % Free Float 3 % Union Investment 4 % Dr. Dietmar Ley 2 % Treasury Shares
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Basler AG | 9-Month Report 2026 21 Basler Shareholdings September 30, 2026 December 31, 2025 Supervisory board Norbert Basler 0 0 Dr. Dietmar Ley (effective June 1, 2026) 1,195,585 1,184,056 Tanja Schley 0 0 Lennart Schulenburg 0 0 Dr. Holger Singpiel 400 200 Prof. Dr. Mirja Steinkamp 16,000 12,793 Horst w. Garbrecht (until June 1, 2026) n.a. 30,000 Management board Ines Brückel 2,428 0 Hardy Mehl 87,351 75,782 Dr. Kai Ströder 0 0 Treasury Stock As of the reporting date of September 30, 2026, the company still holds 742,470 treasury shares, rep- resenting 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. Die tmar 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 quarter.
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Basler AG | 9-Month Report 2026 22 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 atwww.baslerweb.com/de- de/investoren/corporate-governance/. Assurance by the Legal Representatives We hereby certify, to the best of our knowledge, that in accordance with the applicable accounting principles for interim reporting, the consolidated interim 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 management 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 development for the remain- der of the fiscal year. The management board Hardy Mehl CEO Ines Brückel CFO Dr. Kai Jens Ströder CTO
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Figures / Results
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Basler AG | 9-Month Report 2026 24 Consolidated Profit and Loss Statement Consolidated financial statements in accordance with IFRS for the period from January 1 to September 30, 2026 in € k 01/01 - 09/30/2026 01/01–09/30/2025 (adj.)* Revenue 227,353 167,996 Currency earnings 1,072 -2,387 Cost of sales -108,246 -86,328 Gross profit on sales 120,179 79,281 Other income 1,186 868 Sales and marketing costs -32,808 -30,073 General administration costs -16,280 -14,449 Research and development -20,149 -20,569 Other expenses -1,010 -473 Operating result 51,119 14,585 Financial income 459 234 Financial expenses -1,098 -1,132 Financial result -639 -897 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 50,480 13,352 Income tax -12,296 -2,300 Group’s net profit 38,184 11,052 of which are allocated to shareholders of the parent company 38,184 11,052 non-controlling shareholders 0 0 Average number of shares 30,752,446 30,745,138 Earnings per share diluted = undiluted (€) 1.24 0.36 *The prior-year figures have been restated in accordance with IAS 8 and IAS 1.
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Basler AG | 9-Month Report 2026 25 Group Statement of Comprehensive Income Consolidated Financial Statements in Accordance with IFRS for the Period from January 1 to September 30, 2026 in € k 01/01 - 09/30/2026 01/01–09/30/2025 (adj.)* Groups's net profit 38,184 11,052 Items that are 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 4,217 -769 Other result 4,217 -769 Total result 42,400 10,283 Of which attributable to shareholders of the parent copmany 42,400 10,283 *The prior-year figures have been restated in accordance with IAS 8.
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Basler AG | 9-Month Report 2026 26 Consolidated Balance Sheet Consolidated financial statements in accordance with IFRS for the period from January 1 to September 30, 2026 in € k 09/30/2026 12/31/2025 Assets A. Long-term assets I. Intangible assets 39,581 39,286 II. Goodwill 48,834 46,075 III. Fixed assets 10,032 10,653 IV. Rights of use from leases 22,083 23,888 V. Financial assets 594 594 VI. Financial assets accounted for using the equity method 0 0 VII. Other non-current financial assets 4,632 4,291 VIII. Other non-current assets 111 102 IX. Deferred tax assets 2,253 1,741 128,121 126,630 B. Short-term assets I. Inventories 36,987 32,727 II. Receivables from deliveries and services 61,074 39,066 III. Other short-term financial assets 532 3,487 IV. Other current non-financial assets 10,332 7,003 V. Claim for tax refunds 395 147 VI. Cash in bank and cash in hand 43,791 28,994 153,111 111,425 281,232 238,055
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Basler AG | 9-Month Report 2026 27 Consolidated Balance Sheet Consolidated financial statements in accordance with IFRS for the period from January 1 to September 30, 2026 in € k 09/30/2026 12/31/2025 Liabilities A. Equity I. Subscribed capital 30,758 30,748 II. Capital reserves 17,279 17,475 III. Retained earnings 124,670 89,799 IV. Other components of equity –951 –5,167 Equity of Basler AG 171,755 132,854 V. Noncontrolling Interests (NCI) 272 0 Total Equity 172,027 132,854 B. Long-term debt I. Long-term liabilities to banks 27,686 34,672 II. Other financial liabilities 282 0 III. Leasing liabilities 14,804 16,164 IV. Non-current provisions 1,456 1,450 V. Deferred tax liabilities 6,963 1,487 51,191 53,773 C. Short-term debt I. Other financial liabilities 9,540 11,821 II. Short-term accrual liabilities 11,421 8,523 III. Trade payables 18,454 19,507 IV Other financial liabilities 624 203 V. Other non-financial liabilities 8,299 5,795 VI. Leasing liabilities 2,822 2,814 VII. Current tax liabilities 6,853 2,763 58,013 51,428 281,232 238,055
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Basler AG | 9-Month Report 2026 28 Group Statement of Changes in Equity Consolidated Financial Statements in Accordance with IFRS for the Period from January 1 to September 30, 2026 Other components of equity in € k Subscribed capital Capital reserve* Retained earnings* Revaluation reserve Difference due to currency conversion Equity changes form the initial application 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 11,052 0 0 0 11,052 Other income –769 –769 –769 Share-based compensation 5 35 40 Shareholders' Equity as of 09/30/2025 (adjusted)* 30,748 17,398 92,539 0 –1,664 –4,812 –6,476 0 134,209 corrections Equity –485 905 0 –419 –419 0 0 Group result 579 0 0 0 579 Other income –4,812 587 –3,083 4,812 1,729 0 –2,497 Share-based compensation 562 0 562 Shareholders' Equity as of 12/31/2025 30,748 17,475 89,212 587 –5,167 0 –5,167 0 132,853 Group result 38,184 0 0 0 38,184 Other income 0 0 4,217 4,217 0 4,217 Non-controlling interests arising from the acquisition of a subsidiary 272 272 Dividend outpayment** 0 0 –3,383 0 0 0 –3,383 Share-based compensation 10 –196 71 0 0 0 –115 Shareholders' Equity as of 09/30/2026 30,758 17,279 124,083 587 –950 0 –950 272 172,028 * The previous-year figures have been restated in accordance with IAS 8 and IAS 1. ** €0.11 per share (dividend to be paid in 2026 for 2025)
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Basler AG | 9-Month Report 2026 29 Consolidated Cash Flow Statement Consolidated financial statements in accordance with IFRS for the period from January 1 to September 30, 2026 in € k 01/01 - 09/30/2026 01/01 - 09/30/2025 Operating activities Group net profit* 38,184 11,052 Income tax expense recognized in profit or loss* 12,296 2,300 other non-cash expenses and income –161 858 Payout/incoming payments for interest* 639 897 Depreciation of fixed assets* 10,518 12,567 (+) Loss shares and impairments on companies accounted for using the equity method 0 336 Increase (+) / decrease (-) in accruals 2,902 1,416 Profit (-) / loss (+) from asset disposals 0 –138 Increase (-) / decrease (+) in reserves –4,056 8,305 Increase (-) / decrease (+) in accounts receivable –21,461 –7,732 Increase (-) / decrease (+) in other assets* –318 –1,353 Increase (+) / decrease (-) in accounts payable –1,321 –116 Increase (+) / decrease (-) in other liabilities 2,998 –4,935 Net cash from operating activities 40,220 23,458 Income taxes paid –3,073 –2,986 Net cash inflow from operating activities 37,147 20,471 * The prior-year figures have been restated in accordance with IAS 8 and IAS 1.
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Basler AG | 9-Month Report 2026 30 Group Statement of Cash Flows Consolidated Financial Statements in Accordance with IFRS for the Period from January 1 to September 30, 2026 in € k 01/01 - 09/30/2026 01/01 - 09/30/2025 Investing activities Payout for investments in fixed assets – tangible assets –1,305 –637 Payout for investments in fixed assets – intangible assets –5,782 –7,086 Incoming payments for asset disposals 60 7 Proceeds from the sale of investments 0 139 Payments for financial and non-financial assets* –49 0 Acquisition of subsidiaries –421 –416 Acquisition of companies accounted for using the equity method 0 0 Interest payments 260 56 Dividends received from associated companies 0 0 Net cash outflow from investing activities –7,238 –7,937 Financing activities Payout for amortisation of bank loans –9,384 –6,116 Payout for amortisation of finance lease –2,303 –1,914 Incoming payment for borrowings from banks 0 947 Interest payout –558 –563 Interest from rights of use –606 –616 Dividends paid –3,383 0 Net cash used for financing activities –16,234 –8,262 Cash-effective changes in cash and cash equivalents in the period 13,676 4,272 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 1,121 –819 Cash and cash equivalents at the end of the period 43,791 24,776 Composition of liquid funds at the end of the year Cash in bank and cash in hand 43,791 24,776 * The previous-year figures have been restated in accordance with IAS 8 and IAS 1.
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Basler AG | 9-Month Report 2026 31 Events IR-Events 2026 Date Announcement / Event Location November 24–25, 2026 German Equity Forum Frankfurt am Main, Germany December 1, 2026 Berenberg European Conference Fairmont Windsor Park, United Kingdom