Slides
Page 1
Results Presentation Q3 2026 Javier Hergueta – CFO Miguel Bandrés – IRO November 3rd 2026
Page 2
El entorno del efectivoCash Landscape 0. CASH LANDSCAPE Miguel Bandrés – IRO Cash recovers in Argentina, with more discounts being offered to those who pay in cash due to the high costs faced by businesses when they use digital payment means. Fuente: laopinionline.ar Fuente: Money.com 92% of Europeans demand that cash payment be guaranteed during the negotiation of its legal tender protection in the EU Fuente: europapress.es A new law in Maryland makes it the 10th state to require businesses to accept cash payments. Cash gains traction in India as it sees an increase in the fees for digital payment UPI usage, causing prices to rise. Fuente: FT.com
Page 3
Period highlights: acceleration of growth in sales and solid cash generation. Sales +1.4% • Sales growth in € YoY(+5.3% in Q3). • Positive currency impact. BPO Front Office Otros 1. PERIOD HIGHLIGHTS Javier Hergueta – CFO EBITA Margin 10.6% Transformation 36.2% s/sales • Net Income +2.1% YoY. • Improved EBITDA +1.2%, margin in line YoY. • Transformation Products Grow Ex-AVOS +8,3%. • FCF +10% vs 9M 25 • Total Net Debt Reduction LTM by -53 M€. • Leverage Ratio 2.2x (- 0.1x vs 9M 2025). • Rating S&P improved “outlook” (BBB stable). • Upgraded ESG rating EthiFinance. FCF 83M €
Page 4
4 Total sales (1) (M€, %) Income Statement(1) € millions 9M 2025 9M 2026 VAR % Sales 1,488 1,510 1.4% EBITDA 251 254 1.2% Margin 16.9% 16.8% Depreciation (87) (94) EBITA 164 160 (2.4%) Margin 11.0% 10.6% Amortisation of intangibles (16) (16) EBIT 148 144 (2.3%) Margin 9.9% 9.5% Financial result (28) (27) EBT 120 117 (2.5%) Margin 8.1% 7.8% Taxes (53) (49) Tax rate 44.5% 41.9% Net income 67 68 2.1% Margin 4.5% 4.5% Non-controlling interests (2) (3) Consolidated net income 64 65 0.7% Margin 4.3% 4.3% EPS(2) EBITA evolution (M€, %) 164 160 9M 2025 9M 2026 11.0% 10.6% -2.4% 4.33 4.39 1.5% 9M 2025 2.6% Org. (1.3%) Inorg. 0.2% FX 9M 2026 1,488 1,510 +1.4% 2. INCOME STATEMENT Javier Hergueta – CFO (1) Figures according to IFRS 21 & 29 (hyperinflation accounting) and IFRS 16 (leases). (2) EPS in euro cents of the total number of shares existing at the end of each fiscal year.