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11 3rd Quarter 2026 Financial Report 29 TH O C T O B E R 2 0 2 6
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22 W A R N I N G • This document has been prepared by Global DOMINION Access. S.A. ("DOMINION"). and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness. accuracy or fairness. This document and the information contained herein are strictly confidential and are being shown to you solely for your information. The information may not be copied. distributed. reproduced or passed on. directly or indirectly.in whole or in part. or disclosed by any recipient. to any other person (whether within or outside such person's organization or firm) or published in whole or in part. for any purpose or under anycircumstances. • This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC (such Directive. together with any applicable implementing measures in the relevant home Member State under such Directive. the "Prospectus Directive") and as such does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for. or any solicitation of any offer to purchase or subscribe for. any securities of DOMINION or any of its affiliates or subsidiaries. nor shall it or any part of it nor the fact of its distribution form the basis of. or be relied on in connection with. any contract or investment decision. Investors should not subscribe for or purchase any securities referred to in this advertisement except on the basis of the information contained in any prospectus eventually published in accordance with the Prospectus Directive. The information and opinions contained in this document are provided as at the date of the document and are subject to change. • This document is not an offer of securities for sale in the United States. Australia. Canada or Japan. The information contained herein does not constitute an offer of securities for sale in the United States. Australia. Canada or Japan. Securities may not be offered or sold in the United States unless they are registered or are exempt from registration. No money. securities or other consideration is being solicited and. if sent in response to the information contained herein. will not be accepted. Copies of this document are not being. and should not be. distributed or sent into the United States. This document does not constitute an offer of securities to the public in the United Kingdom or in any other jurisdiction. The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. • This communication may contain forward-looking information and statements on DOMINION. including financial projections and estimates and their underlying assumptions. statements regarding plans. objectives and expectations with respect to future operations. capital expenditures. synergies. products andservices. and statements regarding future performance. Although DOMINION believes that the expectations included in those forward-looking statements are reasonable. investors and shareholders are cautioned that forward-looking statements are subject to various risks and uncertainties. many of which are difficult to predict and generally beyond the control of DOMINION. thatcould cause actual results and developments to differ materially from those expressed in. or implied or projected by. the forward-looking statements. • Forward-looking statements are not guarantees of future performance. You are cautioned not to place undue reliance on the forward-looking statements. which speak only as of the date they were made. Except as required by applicable law. DOMINION does not undertake any obligation to publicly update or revise any forward-looking statements. whether as a result of new information. future events or otherwise. • The information and opinions contained in this document are provided as at the date of the document and are subject to verification. completion and change without notice. Neither DOMINION nor any of its parent or subsidiary undertakings. or the subsidiary undertakings of any such parent undertakings. or any of such person's respective directors. officers. employees. agents. affiliates or advisers. undertakes any obligation to amend. correct or update this document or to provide the recipient with access to any additional information that may arise in connection with it.
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33 2026 Q3 Results_ 2 0 2 6 Q 3 R E S U L T S Sales 90% of the business (GDE + GDT Services) grew organically by +5.2% compared to the first nine months of 2025. Total sales growth: Organic +2%, inorganic -7.0%, due to divestitures and the sale process of renewable energy infrastructure, and a foreign exchange effect of -0.2%. Margins Profitability stands at an EBITDA margin of 12.5% of sales. The margin declined compared with the same period due to the lower weight of GDT Projects in the mix and the exclusion from EBITDA of renewable infrastructure assets currently being divested(9) (both of which have above- average margins). Net Income The net profit without discontinued Activities grows +19%. The 2026 fiscal year is characterized by a decline in project execution, which has not yet resumed, and a reduction in activity in The Gulf and its related industries, as a result of the current macroeconomic and geopolitical context.
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44 Q3 Income Statement and Comparative Analysis_ 2 0 2 6 Q 3 R E S U L T S 9M 2025 9M 2025 Comparable(8) * % 9M 2026 800.1 744.4 +1.9% 758.8 106.5 98.9 -4.4% 94.6 13.3% 13.3% 12.5% 53.1 -16% 44.4 6.6% 5.9% 9.9 +19% 11.8 6.0 +35% 8.2 (Millions of €) Consolidated turnover(1) EBITDA (2) % EBITDA on turnover EBIT (2) % EBIT on turnover Net profit without discontinued activities Net Attributable profit The strategic divestitures and the process of selling biomass in Argentina (classified as an “asset held for sale” (9)) affect the comparability of revenue and margins. The analysis on a like-for-like basis reflects the actual performance of the business. Revenue grew organically, despite lower project execution by GDT Projects, in a year marked by divestitures. (*) Q3 2025 figures restated to reflect the same consolidation perimeter (see Appendix) EBITDA is impacted by the lower weight of GDT Projects in the mix (segment with above-average margins).
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55 Organic growth 800 759 +4.8% Revenue performance _ 2 0 2 6 Q 3 R E S U L T S Organic sales growth, driven by a business model with a high degree of recurrency, which remains strong even in a complex and challenging geopolitical and economic environment. +5.5% -7.0%-21.7% The inorganic impact reflects compliance with the 2023–2026 Plan. Continuing with strategic divestitures: ✓ Industrial business in France ✓ Orange retail chain (B2C) ✓ Mobile virtual network operator (B2C) ✓ Call Center Services for Telecommunications Carriers (Ampliffica) ✓ Non-core constructions of tanks business line discontinued(9) And with the divestment of renewable energy infrastructure: ✓ Biomass in Argentina(9) ✓ Windfarm in México (without impact in revenues and EBITDA) Organic growth is driven by: • Recurring businesess showed solid growth, growing by more than 5%. • The Projects segment continues to be negatively affected by the macroeconomic environment of previous quarters. +2.0% +4.8%
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66 374 362 2025 Organic Inorganic Forex 2026 332 330 2025 Organic Inorganic Forex 2026 Revenue performance_ GDE The two recurring strategic areas (GDE and GDT Services) continue to demonstrate strong organic growth, in line with the trends observed in previous quarters. Simplification and divestitures are taking place across all segments, with the largest volume of divestitures concentrated in GDT Services. The performance of the GDT Projects segment continues to be affected by delays in project execution resulting from international geopolitical and economic uncertainty; despite this, there have been no cancellations in the portfolio. 94 67 2025 Organic Inorganic Forex 2026 -21.7% -9.3% +2.8% GDT Services GDT Projects 2 0 2 6 Q 3 R E S U L T S +4.8% -2% +2.0% +5.5% -3.5% -10.8%
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77 (11%) (41%) (16%) (31%) (53%) Contribution margin(3) 2 0 2 6 Q 3 R E S U L T S Segment breakdown_ GDE Environment 43% 48% GDT Services 9% GDT Projects 35% 54% 11% (47%) (*) In grey data from Q3 2025 Recurring segments (GDE and GDT Services) account for more than 90%, consolidating a solid and predictable business model that is well-positioned to perform strongly in complex environments.
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88 2 0 2 6 Q 3 R E S U L T S Turnover_ CM (3) _ 9M 2025 (8)* 9M 2026 +1% +1% 325.7 M€ 330.0 M€ 39.9 M€ 40.0 M€ GDE- Environment_ EUROPE & AFRICA 35.6% AMERICA 23.8% SPAIN 18.6% ASIA & OCEANIA 22.0% GDE Environment ✓ Revenue grew organically by +4.8%. ✓ This is the segment with the greatest impact from forex -3.5% (geographic footprint: U.S, Canada, India, Middle East, and Australia). ✓ The contribution margin(3) stands at 12.1% of sales. ▪ There continues to be a high recurrence of business in the circular economy sector through waste recovery contracts, both in the Iberian market and in Latin America. The first waste recovery contract was signed in Uruguay. ▪ Among the decarbonization solutions, highlights include new emissions control contracts in Asia and the signing of multiple contracts for thermal efficiency services, including our first contract in Panama. ▪ There continue to be significant impacts on operations in the Gulf countries due to the ongoing war during the last quarter, with problems related to on-site execution and material shortages. Q3 2026 Revenue Breakdown (*) Q3 2025 figures restated to reflect the same consolidation perimeter (see Appendix)
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99 ✓ Strong organic growth of +5.5% and a positive forex contribution of 2% (geographic footprint in Latin American currencies). ✓ The segment shows strong profitability, with a contribution margin(3) of 17.4% of sales. ▪ This segment has accounted for the majority of divestitures, resulting from the sale of non-strategic businesses, in accordance with the simplification outlined in our strategic plan. ▪ We are now in the final phase of the process to optimize our former B2C business. ▪ Managing the transition of our contracts in light of the ownership changes among telecommunications operators and electric utilities in Latin America. ▪ Positioned to capitalize on planned investments in the improvement of the Spanish power grid. A highlight of this quarter was the signing of contracts for medium-voltage lines for industrial customers in Spain. 2 0 2 6 Q 3 R E S U L T S GDT Services_ GDT Services Turnover_ CM (3) _ 9M 2025 (8)* 9M 2026 +8% +1% 333.7 M€ 361.5 M€ 62.3 M€ 62.9 M€ 48% GDT Services 54% (*) Q3 2025 figures restated to reflect the same consolidation perimeter (see Appendix)
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1010 2 0 2 6 Q 3 R E S U L T S GDT Projects_ ✓ The pace of execution slower than in previous fiscal years, affecting cumulative sales (-18 M€) and profit margin (-4.5 M€) through September. ✓ The classification of the Argentina's biomass as held for sale results in approximately -9M€ in revenue and -3.5M€ in margin as of September. ✓ The contribution margin (3) remains at high level, at 19.1% of sales. ▪ The project portfolio totals 364M€, with no cancellations despite the current global environment. ▪ Project implementation timelines continue to be affected by the uncertainty stemming from the current economic and geopolitical context. At the same time, the implementation of renewable energy projects faces a challenging geopolitical and macroeconomic environment that is slowing their development. ▪ Of particular note is the signing of a new contract for the technological integration of the telecommunications infrastructure at the Bilbao Exhibition Center (BEC), with a term of two years. GDT Projects Turnover_ CM (3) _ 9M 2025 (8)* 9M 2026 -21% -25% 85.0 M€ 67.2 M€ 17.1 M€ 12.8 M€ GDT Projects 9% 11% (*) Q3 2025 figures restated to reflect the same consolidation perimeter (see Appendix)
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1111 Appendix_ (1) Consolidated Turnover: Annual accounts Turnover. (2) EBITDA: Net Operating Income + Depreciation / EBIT: Net Operating Income. (3) Contribution Margin: EBITDA before corporate structure and central administration costs. (4) Deuda Financiera Neta: Financial Debt (Long and short Term) +/- Derivative financial instruments – Cash and Short-Term Investments. (5) Flujo de Caja Operativo: EBITDA – difference between CAPEX and Amortization – NWC variation – Net Financial Income – Tax payment; (acquisitions excluded) . (6) RONA: EBITA / (Total non-current assets – Deferred assets – Goodwill not associated to cash + PPAs amortization current year +Net WC; excluded acquisitions of the year). (7) NWC: Net Working Capital. (8) The consolidation perimeter varies with respect to Q3 2025 due to: the sale of Global Dominion France’s operations (December 2025), the customer base of the mobile virtual network operator TTB (early 2025), and the Conexión stores (January 2026); therefore, Q3 2026 does not include three months of these operations. Besides, Q3 2026 includes three months of the companies acquired in 2025: Ecogestion (Q3 2025) and ZCR (Q4 2025) and 5 months of the company acquired in 2026: Reyuplas (May 2026). Likewise, he scope varies due to the sale of biomass in Argentina, which has been classified as a “business held for sale” starting the second quarter, and the discontinuation of operations at the subsidiary engaged in tank manufacturing starting in the third quarter (a “non-core” business). (9) Impact of discontinuing the renewable biomass infrastructure in Argentina: the effect on the 9-month income statement is (in millions of euros): 8.7 in revenue, 3.5 in EBITDA, and 1.1 in EBIT. The impact on the balance sheet is 47.4 million euros in assets versus 23.5 million euros in liabilities, resulting in net assets held for sale of 23.9 million euros. The impact on the nine-month income statement of discontinuing the “non-core” tank manufacturing business is (in millions of euros): 5.5 in revenue, 0.1 in EBITDA.
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