Slides
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GFT TECHNOLOGIES Earnings Call : H1 / Q2 Results 2026 GFT Technologies SE | August 6 , 2026
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Agenda August 6, 2026 |H1/Q2 2026 Earnings Call 2 Highlights & Guidance[01] | Marco Santos (Global CEO) H1/Q2 2026 Financials[02] | Dr. Jochen Ruetz (CFO & deputy CEO) Conclusion[03] | Marco Santos (Global CEO)
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August 6, 2026 |H1/Q2 2026 Earnings Call 3 [01] Highlights & Guidance
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Solid H1/2026 Performance – Improved Profitability, Scaled Up AI and Confirmed Guidance August 6, 2026 |H1/Q2 2026 Earnings Call 4 H1/2026 Results 2026 Guidance 1 Adjusted for M&A-related effects, capacity adjustments, share-based management remuneration effects, and other extraordinary items, details in backup and/or key performance indicators (gft.com) 5% growth 5% in constant FX REVENUE €463m 7.1% margin EBIT ADJUSTED1 EBT 5.2% margin ~ €930m +5% in constant FX REVENUE e EBIT ADJUSTED e1 7.6% margin EBT e 6% margin ▪ Profitability improved significantly in H1/2026 ▪ Adj. EBIT margin improved from 6.8% in H1/2025 to 7.1% in H1/2026 ▪ EBT margin improved significantly from 4.3% in H1/2025 to 5.2% in H1/2026 ▪ Revenue growth of 5% in constant currencies (FX) ▪ Main revenue growth markets and sectors: ▪ Brazil: +38% | Colombia: +27% | Switzerland: +22% | Spain: +13% ▪ Industry: +14% Highlights H1/2026 vs H1/2025 €33m €24m ~ €71m ~ €56m
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Strong Execution on AI-Centric 5-Year Strategy Creating Impact with Key Clients, Offerings and Global Brand Positioning ▪ Positive commercial traction of GFT AI Modernization Offering integrated with Global Marketing Campaign, with more than 20 projects won across 9 countries, including Advisory, Mainframe and Application modernization ▪ Won 6 key Next-generation Core Banking programs across Germany, Canada, Spain, Poland, and Thailand, with partners Thought Machine and Engine by Starling ▪ Won the strategic Agentic AI development of the COAF* financial intelligence system, combining Wynxx and Smaragd specialized AML capabilities to modernize Brazil’s Central Bank anti-money laundering infrastructure ▪ Go-Live of Large-Scale AML Smaragd in Tier 1 Bank in Europe for 25 Million Customers and 1 Billion Transactions per month ▪ Successfully supported the launch of UP by CBD, Commercial Bank of Dubai, revolutionizing SME banking in the UAE with an end-to-end digital experience for businesses *Brazil’s federal anti-money laundering authority linked to the Brazilian Central Bank August 6, 2026 |H1/Q2 2026 Earnings Call 5 H1/2026 Highlights
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Strong Execution on AI-Centric 5-Year Strategy Creating Tangible Results with AI and Leading in an AI-Native Era ▪ Continue scaling up of Wynxx AI Agentic platform for Software Engineering reaching 12 countries (+1 in Q2), 113 clients (+8 in Q2) and total influenced contract value of €144m+ (+38% in Q2) since inception ▪ Announcement of a new KPI for Wynxx Software Engineering to improve the measurement of tangible results, including €24.4 million of actual influenced revenue in H1 2026 ▪ Launch of the Wynxx Business Processes Offering and Assets, generating €14.8 million in actual influenced revenue in H1 2026, supported by 6 client references and a key Agentic AI credit-risk platform case study for a Tier 1 European bank ▪ 3.500+ third-party AI coding-tool training completions including Claude Code, Github Copilot, Codex, Gemini and others ▪ 1.700+ training completions in Wynxx Advanced and Specialist August 6, 2026 |H1/Q2 2026 Earnings Call 6 H1/2026 Highlights
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Wynxx BUSINESS PROCESSESWynxx SOFTWARE ENGINEERING Code Dialoger + Compi Code Documenter Code FixerCode Tester Functional Tester Architect AI Story Creator Story Estimator Code Reviewer Feature BenchmarkGitHub Copilot Integration Code ShifterLegacy UpLiftLegacy Transformer Standard Edition Modernization Edition August 6, 2026 |H1/Q2 2026 Earnings Call 7 Wynxx Agentic AI Platform Wynxx AGENTIC STUDIO Wynxx MARKETPLACE Wynxx DATA INTELLIGENCE • Proprietary & • Open-Source Models Wynxx FOUNDATION CUSTOMER OPERATIONS RISK FINANCE PEOPLE Banking Insurance Manufacturing Assets and Accelerators
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*Recognized revenue reported in the period; **Total contract value of projects with Wynxx since inception August 6, 2026 |H1/Q2 2026 Earnings Call 8 Wynxx Agentic AI Software Engineering Driving Impact and Strong Growth with AI Q3 2025: 58 Clients 42m€ Inf. Contract Value ** 8 Countries Q2 2025: 42 Clients 26m€ Inf. Contract Value** 4 Countries Q4 2025: 92 Clients 70m€ Inf. Contract Value ** 8 Countries Q1 2026: 105 Clients 104m€ Inf. Contract Value ** 11 Countries Q2 2026: 113 Clients €144m Inf. Contract Value** 12 Countries Wynxx SOFTWARE ENGINEERING Code Dialoger + Compi Code Documenter Code FixerCode Tester Functional Tester Architect AI Story Creator Story Estimator Code Reviewer Feature BenchmarkGitHub Copilot Integration Code ShifterLegacy UpLiftLegacy Transformer Standard Edition Modernization Edition New KPI for additional measurement €24,4m Actual Influenced Revenue* in H1 2026
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Wynxx BUSINESS PROCESSES August 6, 2026 |H1/Q2 2026 Earnings Call 9 Wynxx Agentic AI Business Processes *Recognized revenue reported in the period; Wynxx Excel & Access Modernizer Wynxx Process Re-engineering Wynxx GOS - Governance Operating System Wynxx Agentic Architecture for Business Process CUSTOMER OPERATIONS RISK FINANCE PEOPLE Banking Insurance Manufacturing H1 2026 Achievements €14.8m Actual Influenced Revenue* in H1 • 6 client references • Key Agentic AI credit-risk platform for a Tier 1 European bank
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August 6, 2026 |H1/Q2 2026 Earnings Call 10 [02] H1/Q2 2026 Financials
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in €m H1/2026 H1/2025 ∆ Revenue 462.56 441.51 5% Order backlog 483.53 410.31 18% EBITDA 34.82 30.85 13% EBIT adjusted ¹ 32.65 30.14 8% EBIT adjusted margin 7.1% 6.8% EBIT 25.80 20.71 25% EBT 24.02 19.02 26% Net income 17.08 13.47 27% Earnings per share (in €) 0.67 0.51 31% Sustained Growth Momentum: Revenue +5% in Constant FX H1/2026 FINANCIALS August 6, 2026 |H1/Q2 2026 Earnings Call 11 1 Adjusted for M&A-related effects, capacity adjustments, share-based management remuneration effects and other extraordinary items, details in backup and/or key performance indicators (gft.com) ▪ Solid revenue growth of 5%, in constant currencies (FX) of 5% ▪ Strong order backlog development of +18% y-o-y (in constant FX: +18%) ▪ EBIT adjusted up by 8% reflecting ▪ Improved personnel efficiency, ongoing AI and Sales investments ▪ Lower office lease expenses ▪ Reduced FX losses ▪ EBIT adjusted margin increased to 7.1% (H1/2025: 6.8%) ▪ EBT with a growth of 26% significantly above previous year mainly due to ▪ Lower capacity adjustments: €-3.5m (H1/2025: -€7.0m) ▪ Reduced virtual share-based compensation impact: €-0.2m (Q1/2025: €-0.5m) ▪ EBT margin significantly increased to 5.2% (H1/2025: 4.3%) ▪ Stable tax rate of 29% (H1/2025: 29%)
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Driving Scalable Growth Across All Sectors H1/2026 FINANCIALS Significant Growth Industry & Others (+14%) August 6, 2026 |H1/Q2 2026 Earnings Call 12 Well-Balanced Client Portfolio Largest Client with 9% of Total Revenue Banking Insurance Industry & Others % Revenue H1/2025 % Revenue H1/2026 Growth rate >25 €m >10 €m >2.5 €m <2.5 €m H1/2026 vs. Year-End 2025 % GROUP REVENUE
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H1/2026 FINANCIALS PER QUARTER Continued Improvement in Profitability: 6.8% to 7.1% Year over Year August 6, 2026 |H1/Q2 2026 Earnings Call 13 EBIT adjusted 1 in €m ▪ EBIT adjusted significantly up by 10% in Q2/2026 mainly due to improved personnel efficiency and cost management; margin increase to 7.1% (Q2/2025: 6.9%) ▪ Solid revenue growth y-o-y of 6% mainly driven by Brazil, Spain and Colombia Q2/26 vs. Q2/25 Q2/26 vs. Q1/26 ▪ Slight revenue increase of 2% in Q2 vs. Q1 ▪ EBIT adjusted improved by 3% vs. Q1/2026 mainly due to improved personnel efficiency and cost management; margin of 7.1% (Q1/2026: 7.0%) 1 Adjusted for M&A-related effects, capacity adjustments, share-based management remuneration valuation effects and other extraordinary items; details in backup and/or key performance indicators (gft.com) Revenue in €m +6% y-o-y +10% y-o-y
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Segment Analysis: Double-Digit Growth of Americas & APAC H1/2026 FINANCIALS August 6, 2026 |H1/Q2 2026 Earnings Call 14 Others: €0.39m Others: €0.45m ▪ Mixed business performance in Europe (-3%) ▪ Germany still experiencing investment caution ▪ Spain meanwhile with strong growth ▪ UK declined y-o-y with improved trajectory ▪ Dynamic business development in Americas & APAC segment with 14% revenue growth ▪ Mainly driven by Brazil and Colombia Revenue in €m Americas & APACEurope 1 Restated due to the reclassification of UK business from operating segment "Americas & APAC" (formerly: "Americas, UK & APAC") to "Europe" (formerly: Continental Europe") following a change of the management approach in accordance with IFRS 8. 1
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Earnings Increased Strongly, Particularly in Europe H1/2026 FINANCIALS August 6, 2026 |H1/Q2 2026 Earnings Call 15 Others: €-1.66m ▪ EBIT adjusted +29% in Europe y-o-y based on overall improvement. UK and Software Solution standing out ▪ Americas & APAC: +15% EBIT adjusted mainly driven by strong growth in Brazil and Columbia Americas & APAC Europe 1 Adjusted for M&A-related effects, capacity adjustments, share-based management remuneration valuation effects and other extraordinary items; details in backup and/or key performance indicators (gft.com) Others: €-6.15m +8% y-o-y EBT in €mEBIT adjusted 1 in €m Others: €-2.27m Others: €-7.33m +26% y-o-y ▪ EBT in Europe more then doubled (+120%) due to improvements in UK, Software Solutions, Germany and Italy. Less capacity adjustments ▪ Americas & APAC: EBT increased by +5%, margin improvement in Q2/2026 2 2 2 Restated due to the reclassification of UK business from operating segment "Americas & APAC" (formerly: "Americas, UK & APAC") to "Europe" (formerly: “Continental Europe") following a change of the management approach in accordance with IFRS 8. Americas & APAC Europe
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Anteil in % YTD in Mio. € ∆% ↘ Continental Europe 0% UK 7% 34.6 -18% ↘ ↘ 40% 186.5 ↗ APAC & Others¹ 4% 14.1 -3% Latin America 34% 156.3 28% ↗ North America 15% 71.0 -7% Breakdown Global Regions: Dynamic Growth in Latin America, Europe Improving With Strong Growth in Spain REVENUE BY GLOBAL REGIONS BASED ON CUSTOMERS’ LOCATION August 6, 2026 |H1/Q2 2026 Earnings Call 16 1 Others: H1/2025: €2.96m; H1/2026: €5.35m H1/2026 H1/2025 Strong growth in Spain (+13%), offset by decline in Germany (-12%) Brazil (+38%) and Colombia (+27%) strong growth drivers in LATAM UK as planned with improving trajectory (FY 2025: -25%) USA stable (0%, in constant FX +7%); Canada (-12%, in constant FX -8%) Highest growth contribution from Emirates and Thailand
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Income Statement (€m) – Growth Across All Earnings Metrics H1/2026 FINANCIALS ▪ Solid revenue trend of 5% supported by inorganic growth of €8.3m (+2%). No material currency impact ▪ Ratio of cost of purchased services to revenue up to 12.9% (H1/2025: 12.3%) ▪ Personnel costs up by 3% ▪ Mainly due to larger average workforce in Brazil ▪ Disproportionate low increase reflects efficiencies ▪ Personnel & purchased services cost ratio (excl. capacity adjustments) remained stable at 85.0% (H1/2025: 84.9%) ▪ Other operating expenses up +1% – higher IT license costs largely offset by lower sales & marketing expenses and reduced FX losses ▪ Decrease of depreciation and amortization, mainly attributed to declining depreciation of office leases ▪ Slightly lower effective tax rate of 28.9% (H1/2025: 29.2%) August 6, 2026 |H1/Q2 2026 Earnings Call 17 in €m H1/2026 H1/2025 ∆% Revenue 462.56 441.51 5% Other operating income 5.01 7.13 -30% Cost of purchased services -59.71 -54.25 10% Personnel expenses -336.91 -327.68 3% Other operating expenses -36.13 -35.86 1% EBITDA 34.82 30.85 13% Depreciation and amortization -9.02 -10.14 -11% EBIT 25.80 20.71 25% Financial result -1.78 -1.69 5% EBT 24.02 19.02 26% Income taxes -6.94 -5.55 25% Net income 17.08 13.47 27% Earnings per share (in €) 0.67 0.51 31%
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Cash Flow Statement (€m) – Impacted by Shareholder Dividend Payment H1/2026 FINANCIALS August 6, 2026 |H1/Q2 2026 Earnings Call 18 ▪ Net cash decreased to €-75.0m (12/31/2025: €-55.2m) ▪ Cash flow from operating activities: €-1.0m (H1/2025: €-9.2m) reflecting ▪ Higher net income to €17.1m (H1/2025: €13.5m) ▪ Negative working capital effects, mainly due to cash tied up in contract balances ▪ Cash flow from investing activities: €-2.1m (H1/2025: €-1.8m) ▪ Investments in fixed assets of €-2.1m (H1/2025: €-1.7m) ▪ Cash flow from financing activities: €-17.6m (H1/2025: €-9.4m) ▪ Shareholder dividend payment of €-12.8m (H1/2025: €-13.0m) ▪ Lease payments of €-5.1m (H1/2025: €-6.1m) ▪ Free cash flow adjusted2 improved to €-8.3m (H1/2025: €-17.25m) Net cashFinancing liabilities 1 CashCash flow operating activities Cash flow investing activities Cash flow financing activities FX effects Financing liabilities 1 Net cash Cash 1 Financing liabilities include liabilities to banks 2 Cash flow from operating activities less investments in intangible assets and property, plant and equipment (excluding investments in connection with business combinations) and payments for lease liabilities; details: key performance indicators (gft.com) 12/31/2025 06/30/2026H1/2026
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Balance Sheet (€m) – Strengthened Capital Structure H1/2026 FINANCIALS ▪ Total assets decreased by 2% to €627.5m, primarily driven by the shareholder dividend payment ▪ Non-current assets with €335.7m at previous year’s level ▪ Mainly goodwill (€222.7m) ▪ Proportion of total assets: 53.5% (12/31/2025: 52.5%) ▪ Cash and cash equivalents decreased by €19.3m to €41.8m ▪ €12.8m shareholder dividend payment ▪ €5.5m net income tax payments ▪ Other current assets +€7.0m to €250.4m, mainly due to higher customer receivables reflecting business growth ▪ Equity up 5% to €276.8m (12/31/2025: €263.0m) ▪ Net income of €17.1m partly offset by €12.8m dividend payment ▪ Equity ratio increased to 44.1% (12/31/2025: 41.1%) ▪ Positive currency translation effects of +2% ▪ Non-current liabilities down €4.3m to €90.2m (12/31/2025: 94.5m), primarily due to lower lease liabilities (€-4.0m) ▪ Current liabilities decreased by €21.7m to €260.5m (12/31/2025: €282.2m) ▪ Contract liabilities down €12.2m ▪ Other provisions down €11.8m, mainly due to bonus payments for previous year August 6, 2026 |H1/Q2 2026 Earnings Call 19 12/31/2025 06/30/2026 12/31/202506/30/2026 Non-current assets Cash and cash equivalents Other current assets Current liabilities Non-current liabilities Equity
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Employees (FTE) Utilization H1/2026 FINANCIALS Utilization Significantly Improved August 6, 2026 |H1/Q2 2026 Earnings Call 20 ▪ Workforce stable compared to year-end 2025 (vs. 06/30/2025: +3%) ↑ Columbia, Spain ↓ Mexico, Canada, Germany ▪ Number of external contractors further reduced to 1,375 (12/31/2025: 1,445) Attrition 1 ▪ Utilization rate increased to 92.8% ▪ Improved by 0.6 pp q-o-q mainly driven by Brazil and Colombia ▪ 0.5 pp above prior-year level ▪ Attrition continued its downward trend, decreasing by 0.6 pp q-o-q ▪ 2.0 pp below prior-year level 1 Attrition is calculated as trailing average of last 12 months
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MILESTONES 2026 Additional Performance Indicators August 6, 2026 |H1/Q2 2026 Earnings Call 21 1 Cash flow from operating activities less investments in intangible assets and property, plant and equipment (excluding investments in connection with business combinations) and payments for lease liabilities.; for details, see key performance indicators (gft.com) 2 Net debt comprises cash less liabilities to credit institutions ~ €40m Milestones 2026 FREE CASHFLOW ADJ. 1 NET DEBT / EBITDA 2 ~ 0.2 ▪ Expected Free Cashflow adjusted reflecting slight reduction of working capital and increase of profitability ▪ Net Debt reflecting expectation of a further reduction of financing liabilities ▪ Utilization should be at a high but not at maximum level due to challenging market environment UTILIZATION ~ 92% Ø 2023-2025: 0.4 Ø 2023-2025: €36.1m FREE CASHFLOW ADJ. 1 €28.0m 0.8 NET DEBT / EBITDA 2 Ø 2023-2025: 90.9% 92.2% UTILIZATION Results 2025
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August 6, 2026 |H1/Q2 2026 Earnings Call 22 [03] Conclusion
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• We delivered a solid first half of 2026, with 5% growth and a strong increase in EBT, confirming our full-year guidance • Strong momentum continued in our key markets, particularly Brazil, Colombia, Switzerland, and Spain, with growth across all business sectors • Our AI-Native delivery excellence and deep industry expertise are translating into major engagements across Core Banking, Data & Cloud transformation and Anti-Money Laundering • Our AI Modernization offering is achieving strong commercial traction, confirming growing client demand for AI-powered legacy and application modernization • Wynxx is scaling across Software Engineering and Business Processes, becoming a measurable revenue driver of our AI-centric growth strategy • We are executing our AI-centric 5-Year Strategy with consistency and discipline, reinforcing GFT’s position as the Artificial Intelligence Digital Transformation Challenger Conclusion Let’s Go Beyond_ 23August 6, 2026 |H1/Q2 2026 Earnings Call
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Q&A August 6, 2026 |H1/Q2 2026 Earnings Call 24 Connect with GFT Investor Relations on LinkedIn
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Backup August 6, 2026 |H1/Q2 2026 Earnings Call 25
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GFT AI-Centric 5-Year Strategy More Relevant than ever and Reinforced by Major AI Market Shifts August 6, 2026 |H1/Q2 2026 Earnings Call 26 Publicly Announced in March 2025 Strategy Execution and Global Strategic Initiatives To be the best responsible AI-Centric digital transformation company in the world. Our Vision To bring the best responsible AI-Centric digital solutions, software development, and technology services to every company in the world. Our Mission Strategic Goals, Objectives and KPIs Group Wide Dimensions Leadership & Decision Making KPI’s & Performance Management Organization Brand Services Talent Clients Accelerate corporate innovation and asset creation Improve high value-added services, offerings & differentiation Profitability engineering and gravity Global accounts, Tier 1 and Tier 2 clients expansion program Design and implement next-gen technology brand & positioning M&A expansion program focused on HVAS* and ISVs* Transform into an AI-Centric Digital Transformation Company Improve smartshore, efficiency, scalability, and Startup India Transform from federated to hyper-efficient global & local company * HVAS = High Value-Added Services, ISV = Individual Software Vendor
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OUTLOOK 2026 & CONCLUSION Outlook 2026: Strong Improvement in EBT Margin and Growth in Revenue with Continued AI-Centric Expansion August 6, 2026 |H1/Q2 2026 Earnings Call 27 7.6% margin 2% growth 5% in constant FX REVENUE €888m €67m EBIT ADJUSTED 1 FY 2025 Results ~ €930m FY 2026 Guidance +5% in constant FX REVENUE e EBIT ADJUSTED e 1 ~ €71m 7.6% margin ▪ Strong improvement in EBT margin ▪ Growth in revenue driven by AI-Native engineering services combined with assets, IP and Wynxx Agentic AI Platform, while substituting traditional IT labor-based services ▪ Prioritize and expand Global Accounts, Tier 1 and Tier 2 clients ▪ Focused execution of our 5-year strategy and global strategic initiatives ▪ Investments in the modernization of Smaragd to an AI Cloud-based Anti-Money Laundering solution focusing on upcoming regulatory requirements in DACH region, Europe and globally ▪ Investments in assets and IPs based on Wynxx Agentic AI, AI-Native CoEs, workforce AI Reskilling and AI market infrastructure & platforms 1 Adjusted for M&A-related effects, capacity adjustments, share -based management remuneration effects, and other extraordinary it ems, details in backup and/or key performance indicators (gft.com) EBT e ~ €56m 6.0% margin EBT 5.2% margin €46m
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BACKUP Mid-Term Ambitions 2029 August 6, 2026 |H1/Q2 2026 Earnings Call 28 ~ €1.5b Continued revenue growth ▪ Focus on Global Accounts, Tier 1 and Tier 2 clients and cross-selling of high-value added offerings ▪ Organic growth accelerated by AI Legacy Modernization programs and AI-Native engineering Services combined with Assets, IP and Wynxx Agentic AI Platform ▪ Specialized acquisitions of high value-added services companies in existing GFT markets ~ 9.5%EBIT ADJ. margin e Ambitions 2029 1 REVENUE e ~ 50% ~ 40%SMARTSHORE VS ONSHORE HIGH VALUE-ADDED SERVICES Improved profitability ▪ Service portfolio moving towards AI-Native engineering model and high value-added services at higher margins ▪ Expanding AI-Centric smartshore delivery contributing to overall margin improvement ▪ Focus on existing GFT markets and optimize operating model driving economies of scale ▪ Profitability engineering measures and normalization of Smaragd & GFT UK profitability will drive continuous operational margin improvement in years 2027-2029 1 As announced in March 2025.
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BACKUP Results at a Glance per Quarter August 6, 2026 |H1/Q2 2026 Earnings Call 29 ¹ Adjusted for M&A-related effects, capacity adjustments, share-based management remuneration effects, and other extraordinary items; details in backup and/or key performance indicators (gft.com) in €m Q1/2025 Q2/2025 Q3/2025 Q4/2025 FY2025 Q1/2026 Q2/2026 Revenue 221.91 219.60 213.75 233.03 888.29 229.52 233.04 EBITDA 15.99 14.86 19.03 19.66 69.54 17.23 17.59 EBIT adjusted¹ 15.09 15.05 15.40 21.90 67.44 16.11 16.54 EBIT 10.82 9.89 14.17 14.54 49.42 12.76 13.04 EBT 10.01 9.01 13.19 13.80 46.01 12.01 12.01 Net income 7.09 6.38 8.89 10.53 32.89 8.58 8.50 Earnings per share (in €) 0.27 0.24 0.35 0.41 1.27 0.34 0.33 Employees (in FTE) 11,413 11,446 11,601 11,772 11,772 11,645 11,805
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Assets Equity and liabilities in € 30/06/2026 31/12/2025 ∆% in € 30/06/2026 31/12/2025 ∆% Non-current assets Shareholders’ equity Goodwill 227.743.929,29 224.536.239,05 1% Share capital 26.325.946,00 26.325.946,00 0% Other intangible assets 36.244.251,54 35.916.226,18 1% Capital reserve 42.147.782,15 42.147.782,15 0% Property, plant and equipment 48.224.896,63 52.088.471,66 -7% Retained earnings 231.213.843,63 226.916.695,19 2% Other financial assets 1.472.591,69 1.344.409,55 10% Other reserves -7.855.259,77 -17.302.132,92 -55% Deferred tax assets 16.833.310,51 16.683.299,68 1% Treasury shares -15.044.982,87 -15.044.982,87 0% Other assets 5.201.492,28 5.112.225,72 2% 276.787.329,14 263.043.307,55 5% 335.720.471,94 335.680.871,84 0% Non-current liabilities Current assets Financing liabilities 50.000.000,00 50.000.000,00 0% Trade receivables 156.024.610,77 167.829.502,68 -7% Other financial liabilities 18.006.222,09 21.983.622,84 -18% Contract assets 48.856.395,51 30.046.276,22 63% Provisions for pensions 5.835.047,52 5.567.902,53 5% Cash and cash equivalents 41.762.933,88 61.098.344,53 -32% Other provisions 3.037.526,03 3.205.255,93 -5% Other financial assets 4.945.456,83 5.941.194,88 -17% Deferred tax liabilities 13.240.853,00 13.453.735,33 -2% Income tax assets 13.243.069,63 15.314.563,01 -14% Other liabilities 120.561,19 323.790,06 -63% Other assets 26.968.109,48 23.885.762,58 13% 90.240.209,83 94.534.306,69 -5% 291.800.576,10 304.115.643,90 -4% Current liabilities Trade payables 10.794.239,24 13.804.851,68 -22% Financing liabilities 66.744.178,05 66.291.821,27 1% Other financial liabilities 25.595.819,04 22.699.278,58 13% Other provisions 44.890.099,05 56.669.737,05 -21% Income tax liabilities 7.681.514,96 8.334.491,03 -8% Contract liabilities 29.564.182,37 41.812.165,42 -29% Other liabilities 75.223.476,36 72.606.556,47 4% 260.493.509,07 282.218.901,50 -8% 627.521.048,04 639.796.515,74 -2% 627.521.048,04 639.796.515,74 -2% BACKUP Consolidated Balance Sheet August 6, 2026 |H1/Q2 2026 Earnings Call 30
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BACKUP Consolidated Income Statement August 6, 2026 |H1/Q2 2026 Earnings Call 31 in € H1/2026 H1/2025 ∆% Revenue 462,555,011.63 441,507,458.91 5% Other operating income 5,013,958.80 7,127,801.74 -30% Cost of purchased services -59,706,701.14 -54,248,407.47 10% Personnel expenses -336,911,584.40 -327,682,101.33 3% Other operating expenses -36,126,964.14 -35,854,979.33 1% Result from operating activities before depreciation and amortization 34,823,720.75 30,849,772.52 13% Depreciation and amortization of intangible assets and property, plant and equipment -9,023,034.92 -10,140,673.44 -11% Result from operating activities 25,800,685.83 20,709,099.08 25% Interest income 753,315.69 1,225,996.99 -39% Interest expenses -2,532,607.08 -2,910,218.14 -13% Financial result -1,779,291.39 -1,684,221.15 6% Earnings before taxes 24,021,394.44 19,024,877.93 26% Income taxes -6,941,842.00 -5,559,861.81 25% Net income for the period 17,079,552.44 13,465,016.12 27% Earnings per share – basic 0.67 0.51 31%
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BACKUP Consolidated Statement of Comprehensive Income August 6, 2026 |H1/Q2 2026 Earnings Call 32 ¹ Actuarial gains/losses are generally recognized at year-end based on corresponding expert reports. in € H1/2026 H1/2025 ∆% Net income for the period 17,079,552.44 13,465,016.12 27% Items that will not be reclassified to the income statement Actuarial gains/losses from pensions (before taxes) 1 0.00 0.00 n/a Income taxes on actuarial gains/losses from pensions 0.00 0.00 n/a Actuarial gains/losses from pensions (after taxes) 0.00 0.00 n/a Items that may be reclassified to the income statement Currency translation 9,446,873.15 -14,514,506.65 < -100% Other comprehensive income 9,446,873.15 -14,514,506.65 < -100% Total comprehensive income 26,526,425.59 -1,049,490.53 < -100%
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Share capital Capital reserve Retained earnings ¹ Other reserves in € Currency translation Balance at January 1, 2025 26.325.946,00 42.147.782,15 206.180.950,10 -3.477.664,47 0,00 271.177.013,78 Net income for the period ─ ─ 13.465.016,12 ─ ─ 13.465.016,12 Other comprehensive income ─ ─ 0,00 -14.514.506,65 ─ -14.514.506,65 Total comprehensive income ─ ─ 13.465.016,12 -14.514.506,65 ─ -1.049.490,53 Acquisition of treasury shares ─ ─ ─ ─ -5.917.233,50 -5.917.233,50 Dividends to shareholders ─ ─ -13.040.396,00 ─ ─ -13.040.396,00 Balance at June 30, 2025 26.325.946,00 42.147.782,15 206.605.570,22 -17.992.171,12 -5.917.233,50 251.169.893,75 Balance at January 1, 2026 26.325.946,00 42.147.782,15 226.916.695,19 -17.302.132,92 -15.044.982,87 263.043.307,55 Net income for the period ─ ─ 17.079.552,44 ─ ─ 17.079.552,44 Other comprehensive income ─ ─ 0,00 9.446.873,15 ─ 9.446.873,15 Total comprehensive income ─ ─ 17.079.552,44 9.446.873,15 ─ 26.526.425,59 Acquisition of treasury shares ─ ─ ─ ─ ─ 0,00 Dividends to shareholders ─ ─ -12.782.404,00 ─ ─ -12.782.404,00 Balance at June 30, 2026 26.325.946,00 42.147.782,15 231.213.843,63 -7.855.259,77 -15.044.982,87 276.787.329,14 Treasury shares Total equity BACKUP Consolidated Statement of Changes in Equity August 6, 2026 |H1/Q2 2026 Earnings Call 33 ¹ Retained earnings also include items that will not be reclassified to the consolidated income statement.
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BACKUP Consolidated Cash Flow Statement August 6, 2026 |H1/Q2 2026 Earnings Call 34 in € H1/2026 H1/2025 ∆% Net income for the period 17,079,552.44 13,465,016.12 27% Income taxes 6,941,842.00 5,559,861.81 25% Financial result 1,779,291.39 1,684,221.15 6% Income taxes paid -10,641,960.15 -9,772,146.71 -9% Income taxes received 5,127,772.61 3,789,423.43 35% Interest paid -1,691,787.95 -2,116,428.36 20% Interest received 767,952.28 1,191,974.04 -36% Depreciation and amortization of intangible assets and property, plant and equipment 9,023,034.92 10,140,673.44 -11% Net proceeds on disposal of intangible assets and property, plant and equipment 17,961.97 -35,603.92 > 100% Other non-cash expenses and income 1,031,548.84 -3,888,146.21 > 100% Change in trade receivables 11,804,891.91 19,563,090.79 -40% Change in contract assets -18,810,119.29 -23,010,414.37 18% Change in other assets -2,304,057.55 -712,582.76 < -100% Change in provisions -11,680,222.91 -10,110,682.86 -16% Change in trade payables -3,010,612.44 -2,798,396.00 -8% Change in contract liabilities -12,247,983.05 -15,690,458.08 22% Change in other liabilities 5,804,280.71 3,556,616.73 63% Cash flow from operating activities -1,008,614.27 -9,183,981.76 89% Proceeds from disposal of property, plant and equipment 40,820.85 123,143.12 -67% Capital expenditure for intangible assets -30,500.00 -228,032.06 87% Capital expenditure for property, plant and equipment -2,143,106.34 -1,699,055.29 -26% Cash flow from investing activities -2,132,785.49 -1,803,944.23 -18% Proceeds from borrowing 40,348,155.00 28,000,000.00 44% Cash outflows from loan repayments -40,050,171.92 -12,252,659.51 < -100% Cash outflows from repayment of lease liabilities -5,114,951.67 -6,143,546.07 17% Dividends to shareholders -12,782,404.00 -13,040,396.00 2% Cash outflows from acquisition of treasury shares 0.00 -5,917,233.50 100% Cash flow from financing activities -17,599,372.59 -9,353,835.08 -88% Effect of foreign exchange rate changes on cash and cash equivalents 1,405,361.70 -1,515,593.25 > 100% Net increase in cash and cash equivalents -19,335,410.65 -21,857,354.32 12% Cash and cash equivalents at beginning of period 61,098,344.53 80,196,229.64 -24% Cash and cash equivalents at end of period 41,762,933.88 58,338,875.32 -28%
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BACKUP Segment Report August 6, 2026 |H1/Q2 2026 Earnings Call 35 GFT has revised its segment reporting structure in accordance with IFRS 8 to align with its internal management approach across global regions. Please refer to footnote and to the next slide. ¹ Restated due to the reclassification of UK business from operating segment "Americas & APAC" (formerly: "Americas, UK & APAC") to "Europe" (formerly: “Continental Europe") following a change of the management approach in accordance with IFRS 8. in € thousand H1/2026 H1/2025¹ H1/2026 H1/2025¹ H1/2026 H1/2025 H1/2026 H1/2025 H1/2026 H1/2025 External revenue 240,426 211,353 221,738 229,706 462,164 441,059 391 448 462,555 441,507 Intersegment revenue 3,472 3,600 14,176 17,081 17,648 20,681 1 -17,648 -20,681 1 0 0 Total revenue 243,898 214,953 235,914 246,787 479,812 461,740 1 -17,257 -20,233 1 462,555 441,507 Segment result (EBT) 14,187 13,493 17,155 7,797 31,342 21,290 -7,321 -2,265 24,021 19,025 thereof personnel expenses -167,538 -147,592 -161,036 -172,328 -328,574 -319,920 -8,338 -7,762 -336,912 -327,682 thereof depreciation and amortization -2,817 -2,888 -5,830 -6,809 -8,647 -9,697 -376 -444 -9,023 -10,141 thereof interest income 893 1,246 576 500 1,469 1,746 -716 -520 753 1,226 thereof interest expenses -529 -843 -1,729 -2,322 -2,258 -3,165 -275 255 -2,533 -2,910 Americas & APAC Europe Total segments Reconciliation GFT Group
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BACKUP Revised Segment Report - Restatements August 6, 2026 |H1/Q2 2026 Earnings Call 36 ▪ GFT has revised its segment reporting structure in accordance with IFRS 8 to align with its internal management approach across global regions. As a result: ▪ UK business was reclassified from “Americas, UK & APAC” to “Continental Europe” segment. ▪ Operating segments were renamed into: “Americas & APAC” and “Europe”. ▪ Changes become effective with beginning of the financial year 2026. ▪ Prior-year quarterly figures restated for comparability as follows: in € thousand Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted Revenue Americas & APAC 129,631 105,176 128,482 106,177 128,343 111,206 136,331 120,077 522,787 442,636 Europe 92,030 116,485 90,916 113,221 85,161 102,298 96,424 112,678 364,531 444,682 Others 249 249 199 199 245 245 275 275 968 968 GFT Group 221,910 221,910 219,597 219,597 213,749 213,749 233,030 233,030 888,286 888,286 Segment result (EBT) Americas & APAC 7,133 7,120 5,048 6,373 8,549 11,068 9,640 12,485 30,370 37,046 Europe 3,678 3,691 5,431 4,106 5,374 2,855 11,737 8,892 26,220 19,544 Others -799 -799 -1,466 -1,466 -738 -738 -7,574 -7,574 -10,577 -10,577 GFT Group 10,012 10,012 9,013 9,013 13,185 13,185 13,803 13,803 46,013 46,013 Q1/2025 Q2/2025 Q3/2025 Q4/2025 FY2025
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BACKUP Calculation of EBIT adjusted August 6, 2026 |H1/Q2 2026 Earnings Call 37 in €k H1/2026 H1/2025 Revenue 462,555 441,507 EBIT adjusted 32,645 30,141 M&A effects -3,219 -1,924 Capacity adjustments -3,456 -7,020 Share-price related effects from measurement of management remuneration -169 -488 Other extraordinary items - - EBIT 25,801 20,709 Financial result -1,779 -1,684 EBT 24,021 19,025 EBIT adjusted margin 7.1% 6.8% EBT margin 5.2% 4.3%
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© 2025 | GFT Technologies SE and its affiliates. All rights reserved. Save resources: this presentation is optimized for screen use. Please avoid printing. Your IR Team Andreas Herzog Head of Investor Relations & CSR Compliance T +49 711 62042-323 andreas.herzog@gft.com Maren Dallas Investor Relations Manager T +49 711 62042-350 maren.dallas@gft.com Nicole Schüttforth Director Investor Relations T +49 711 62042-387 nicole.schuettforth@gft.com IR Events Take a look