Slides
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1 Q3 25 Results presentation 1 Investor Relations Department October 31st 2025
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3 Sales 3.672 €M +2,5% YoY Operative CF 121 €M -15%% YoY EBITA 258 €M +9,0% YoY Net Result 47% YoY 1 1 1 2 2 2 3 1 2 Sales increase • Sales up by 2.5%, despite currency impact in the quarter. Cash • Profitability impacted by the extraordinary efficiency program. Recurring CF Alarms • 21% YoY improvement in recurring CF, reaching €81M to reinvest in growth. Security CF Improvement • €35M improvement, consolidating the Group’s debt reduction target. 600k Connections in MPA (oct) • Connections have tripled since the creation of the JV. €300M Cash Bond Issuance • Maturity in 2030 under favorable conditions. 3 Net Income • Prosegur improves its net income by 47%. Alarms • Improvement in ARPU and Service Margin with controlled churn in both MPA and Alarms. Security • 18% YoY increase thanks to healthy growth. Controlled Leverage • 2.3x ND/EBITDA despite seasonality. 3 Prosegur Security • Leading Group growth while mitigating currency impact. NewsGrowth Profitability Cash Flow Significant milestones of the period.
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4 3.584 9M 24 +11,2% Org 0,5% Inorg 9M 25 pre-FX -9,2% FX(1) 9M 25 4.003 3.672 1.433 1.755 396 1.503 1.719 450 Europa LatAm RoW 2,5% 4,9% 2,1% 13,8% EBITA EBITA % 237 258 9M 24 9M 25 6,6% 7,0% 9,0% Security Solid growth above 5% and improved profitability, reaching a YTD margin of 3.27%. Alarms Growth close to 10% and improvement in Service Margin. Acquisition margin remains impacted by increased investment in marketing and product. Cash Organic growth of 6.9% led by the APAC region. EBITA remains impacted by the extraordinary efficiency plan and currency effects in LatAm. 2,3% CASH 8,5% Security Prosegur Alarms (2) 5,6% 17,5% 9,7% +9€M Sales by Region Total Sales Profitability – EBITA €M 6M 25 vs 24 Evolution Sales & profitability Figures in €M Figures in €M Figures in €M (1) Includes FX and IAS 21 and 29. (2) Prosegur Alarms ex-MPA. Sales EBITA Sales EBITA Sales Service M.
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5 Net Income Improvement driven by increased profitability (EBITA reaches 7%) and efficient management of financial results and taxes. 9M 2024 9M 2025 Variation SALES 3.584 3.672 2,5% Organic Growth +37,1% +11,2% Inorganic Growth -0,2% 0,5% FX -30,5% -9,2% EBITDA 399 409 2,7% Margin 11,1% 11,1% Depreciation (162) (151) EBITA 237 258 9,0% Margin 6,6% 7,0% Amortization of intangibles and impairments (26) (22) EBIT 211 236 11,9% Margin 5,9% 6,4% Financial results (86) (61) Profit Before Tax 125 175 40,8% Margin 3,5% 4,8% Tax (59) (79) Tax rate 47,39% 45,01% Net Profit 66 96 47,2% Minority interest (14) (14) CONSOLIDATED NET PROFIT 52 82 58,7% Tax rate 238bps Significant improvement during the period. Continuous Rate Improvement driven by a solid tax strategy leveraging improved results across all geographies. Net Result 47% Compared to the same period of the previous year P & L Figures in €M TaxesNet Result
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6 Figures in €M 9M 2024 9M 2025 Figures in €M 399 409 EBITDA (13) (47) Provisions and other non-cash items (76) (81) Tax on profit (136) (127) Changes in working capital (31) (33) Interest payments 143 121* Operating Cash Flow (133) (124) Acquisition of property, plant & equipment 10 (2) Free Cash Flow (36) (12) Payments for acquisitions of subsidiaries (7) (3) Dividend payments (28) (26) Treasury stock & others (61) (44) 150 141 1.327 1.369 -218 -218 sept-24 sept-25 1.258 1.292 Deuda neta/EBITDA (3) 2,3x S&P Rating BBB Coste medio deuda 2,4% Deuda financiera neta Deuda IFRS 16 Inversiones financieras (2) Initial Net Financial Debt (1.243) (1.305) Net increase / (decrease) in cash (61) (44) Exchange rate (23) (20) Final Net Financial Debt (1) (1.327) (1.369) Financial investments (2) 218 218 IFRS 16 Debt (150) (141) Adjusted Final Net Financial Debt (3) (1.258) (1.292) (*) There is a collection timing effect of +€14M already monetized in the first week of October. Additionally, it includes an extraordinary efficiency plan of €12M in Cash. Total operating cash flow, excluding these effects, amounts to €147M. (1) Excludes IFRS 16 debt and financial investments. (2) Telefónica shares valued at market price at period-end. 3) Includes net financial debt, IFRS 16 debt, and financial investments. Consolidated Cash Flow Net Debt Figures in €M
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7 Results by Business 2
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8 1.523 1.488 9M 24 +6,9% Org +1,3% Inorg -10,5% FX (1) 9M 25 8,5% 23,0%2,3% Transformation Products On Sales 35,1% EBITA Margin pro-forma (2) YoY 11,8% • Organic growth of 6.9% led by the APAC region • Growth impacted by currency effect. • Transformation Products exceed 35% of total sales. 179 164 11,8% 9M 24 11,0% 9M 25 • EBITA margin stable at 11.8%, excluding the €12M extraordinary efficiency plan aimed at achieving operational improvements and efficiencies. • Cash generation impacted by extraordinary efficiency plan. • Strong discipline in CAPEX and working capital control. Operational Cashflow Generation: 109€M 179 176 11,8% 9M 24 11,8% 9M 25 1,8% (2) 142 109 9M 24 9M 25 Caja negocio Growth €M Profitability EBITA €M Operational Cash Flow €M (1) Includes FX and IAS 21 and 29. (2) Excluding the impact of the extraordinary efficiency plan
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9 Organic Growth YoY 13% Profitability increase YoY 17,5% Operational Cash Flow YoY +35€M 1.833 1.935 9M 24 +13,1% Org 0,0% Inorg -7,6% FX (1) 9M 25 2 37 9M 24 9M 25 • Growth trend in sales continues, driven by the U.S. and Spanish markets. • Positive outlook for commercial productivity. • Margin improvement driven by growth with strong gross margin. • Margin at 3.27% (+33 bps YoY) and 4.0% in the standalone quarter, with slight acceleration in price pass-through. • Operating cash flow improved by €35M, consolidating the path toward strong cash generation. • Improvement driven by margin increase and DSO reduction. 54 63 2,94% 9M 24 3,27% 9M 25 EBITA Mrg. EBITA(2) 17,5% x175,6% Growth €M Profitability EBITA €M Operating Cash Flow €M (1) Includes FX and IAS 21 and 29.
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10 404k 436k 533k 599k 9M 24 9M 25 937k 1.035k 10,4% 12% 9M 24 12% 9M 25 11% 9M 24 9% 9M 25 45 bps 119bps 55K 62K 86K 90K 9M 24 9M 25 Prosegur Alarms Movistar Prosegur Alarmas 1.038 € 1.169 € 9M 24 9M 25 1.447 € 1.497 € 9M 24 9M 2522 € 22 € 9M 24 9M 25 18 € 19 € 9M 24 9M 25 9,7% 2,2% 38,5 39,4 9M 24 9M 25 42,2 43,0 Descuento asociado a captación 8,1% 2,0% Organic growth Only of Prosegur Alarms 30% New channels Only of Prosegur Alarms Growth up 78% 9M 24 29,8% Org 0% Inorg -20,1% FX(1) 9M 25 158 174 9,7% 40,7 44,0 9M 24 9M 25 42,1 45,5 +8,2% +2,4% 12,6% 3,4% 44%43% 57%57% (1) Includes FX and IAS 21 & 29 effects (2) Reported Alarms sales belonging exclusively to Prosegur, Movistar Prosegur Alarms sales are not included. (3) Customer acquisition margin, excluding financing effects Figures in €MBTC Churn RateNew Clients Acquisition CostService MarginARPU Client Base Profitability Revenues (2)
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11 59 77 81 84 9M 24 9M 25 140 161 Replacement Cash Flow Recurring Cash Flow 15,0% 38 43 49 58 9M 24 9M 25 86 101 Replacement Cash Flow Recurring Cash Flow 17,2% 67 81 89 100 9M 24 9M 25 156 182 Replacement Cash Flow Recurring Cash Flow 16,2% +21,3%+31,3%+13,5% Service Cash Flow Service Cash Flow MPAService Cash Flow ROW Service Cash ROW + 50% MPA Figures in €MFigures in €M Figures in €M
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12 Conclusions 3
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13 Group Cash Security Alarms Sales increase: +2.5%, reaching €3,672M. Proforma relative margin stable at 11.8%, in line with last year. Impacted by the extraordinary efficiency plan. Margin increase: +18% due to quality of new clients and scalability. €35M improvement compared to the same period last year. €81M in rolling recurring cash flow (to reinvest in growth). EBITA margin up 9.0% and Net Income: +47%. Operating cash flow: €147M, normalizing extraordinary effects. Transformation products account for 35% of total sales. Sales increase: +6%, driven by ES and US with positive outlook. Sales increase: +10% in Prosegur Alarms. Service Margin improvement: +10% in Prosegur Alarms and +2% in MPA. Growth Profitability Cash Flow Conclusions
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14 Financial Calendar 2026 Feb 4th 2026 Santander Iberian Conference. Madrid. 2026 Jan 14th BNP Paribas Spain Investors day. Madrid. 2025 Dec 16th Investor Day Prosegur Alarms. Madrid. 2026 Mar 17th Bank of America Conference 2026. Londres. Investor Relations Contact Juan Ignacio Galleano Investor Relations Director juan.galleano@prosegur.com accionistas@prosegur.com Calle Pajaritos 24, 28007, Madrid, España +34 915 588 021 Prosegur promotes open and active communication with the capital markets and their participants, in order to achieve a fair and appropriate valuation of the company, in harmony with the principles of responsibility and sustainability that it upholds. Communication Policy with Shareholders, Institutional Investors and Proxy Advisors.
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15 Q&A 4