Slides
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25 FEBRUARY 2026 Full year 2025 FINANCIAL RESULTS
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DISCLAIMER 2 This Presentation has been prepared by Laboratorios Farmacéuticos ROVI, S.A. (the “Company”) and comprises the slides for a presentation concerning the Company and its subsidiaries (the “Group”). For the purposes of this disclaimer, “Presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed during the Presentation meeting or otherwise in connection with it. This Presentation does not constitute or form part of, and should not be construed as, 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 the Company, 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. The information contained in this Presentation does not purport to be comprehensive. None of the Company, its respective subsidiaries or affiliates, or its or their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, fullness, accuracy or completeness of the information in this Presentation (or whether any information has been omitted from the Presentation) or any other information relating to the Group, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this Presentation or its contents or otherwise arising in connection therewith. Each of such persons accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise in respect of this Presentation or any such information. The information in this Presentation may include forward-looking statements, which are based on current expectations, projections and assumptions about future events. These forward-looking statements as well as those included in any other information discussed in the Presentation are subject to known or unknown risks, uncertainties and assumptions about the Group and its investments, including, among other things, the development of its business, its growth plan, trends in its operating industry, its future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur and actual results, performance or achievements may materially differ from any future results, performance or achievements that may be expressed or implied in this Presentation. No representation or warranty is made that any forward-looking statement will come to pass. Forward-looking statements speak as of the date of this Presentation and no one undertakes to publicly update or revise any such forward-looking statement, whether as a result of new information, future events or otherwise. Accordingly, undue reliance should not be placed on any forward-looking statement contained in this Presentation. To the extent available, the industry, market and competitive position data contained in this Presentation come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company reasonably believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this Presentation come from the Company’s own internal research and estimates based on the knowledge and experience of the Company’s management in the markets in which the Group operates. While the Company reasonably believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this Presentation. This Presentation also includes certain alternative performance measures ("APMs") that have not been prepared under IFRS-EU and have not been reviewed or audited by the Company’s auditors nor by any independent expert. Moreover, the way the Group defines and calculates these measures may differ to the way similar measures are calculated by other companies. Accordingly, they may not be comparable. Certain financial and statistical information contained in this Presentation is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding. Certain financial information and operating data relating to the Company contained in this Presentation has not been audited and in some cases is based on management information and estimates, and is subject to change. No reliance may or should be placed by any person for any purposes whatsoever on this Presentation, or on its completeness, accuracy or fairness. The information in this Presentation is in summary draft form for discussion purposes only. The information and opinions contained in this Presentation are provided as at the date of the Presentation and are subject to verification, correction, completion and change without notice. In giving this Presentation, none of the Company, its subsidiaries or affiliates, or its or their respective directors, officers, employees, advisers or agents, undertakes any obligation to amend, correct or update this Presentation or to provide the recipient with access to any additional information that may arise in connection with it.
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EBITDA increased by 4% to 216.2 million euros in 2025, reflecting a 1.9 pp increase in the EBITDA margin. In 2026, ROVI expects its operating revenue to increase by between a high single-digit and low double-digit percentage compared to 2025. Gross profit increased by 3% in 2025 compared to 2024, reaching € 494.7 Mn. Gross margin showed an increase of 3.9 pp year-on-year to 66.5% in 2025. This increase was impacted by the recognition of revenue associated with the R&D aid awarded by the CDTI for the LAISOLID project, which is recorded under the "Other income" line. However, excluding the impact of "Other income", gross margin would have increased by 2.3 pp to 64.8% mainly due to: (i) the increased contribution of Okedi® sales, which added high margins, and (ii) the decrease in LMWH raw material prices, which had a positive impact on gross margin. Good performance of Neparvis®, sales of which increased by 10% in 2025 rising to €56.7 Mn. 2025 financial results - highlights 3 To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. Sales of the heparin franchise (which includes low-molecular-weight heparins (LMWH) and other heparins) rose by 7% to €266.8 Mn in 2025 mainly due to an increase in orders from international partners. Enoxaparin was the main contributor to the growth of the division, with sales rising 9% to €157.7 Mn as a result of higher order volumes from partners. Total revenue decreased 1% to €756.1 Mn in 2025. Operating revenue in 2025 was €743.5 Mn, a 3% decrease on 2024, mainly due to the performance of CDMO. However, sales of the specialty pharmaceutical business increased 11% to €473.9 Mn in 2025. Okedi® (Risperidone ISM®) continued its strong growth, reaching total sales of € 56.7 Mn in 2025, up 97% versus 2024. In Q4 2025, sales increased by 84% year-on-year and 11% versus Q3 2025.
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• Toll Manufacturing Agreement signed between ROIS Phoenix Inc. and BMS. • The agreement has an initial term of 5 years from the closing of the transaction and provides for a minimum payment of $50 Mn for each year of the contract. • Expected closing of the transaction: H1 2026. 2025 was a pivotal year in laying the foundations for our future growth 4 July Final decision to award aid of €36.3 Mn for ROVI’s LAISOLID project subsidised by the CDTI January ROVI acquires a majority position in Cells IA Technologies, S.L. November ROVI announces a collaboration with Roche for the manufacture of a new medicine in development September Acquisition of an injectable drug product manufacturing site in Phoenix, Arizona (USA) Strategy execution highlights 2025 • For 2030, ROVI estimates that the agreement will contribute with a minimum increase of between 20% and 25% in CDMO business sales vs 2024 figure. • ROVI continues to advance in the AI field by acquiring majority stake in Cells IA: a pioneering company in the development of artificial intelligence-assisted diagnosis in the pathological anatomy area.
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Juan López-Belmonte Chairman and Chief Executive Officer OPERATING RESULTS
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Full year sales drivers: Okedi®, LMWH, Neparvis®, and the contrast agents and other hospital products division Specialty pharmaceutical business: +11% ROVI sets out the information that it considers significant on the APMs for the first nine months of 2023 included in this presentation in Appendix 2 of the press release on the financial results for the same period. 763.7 12.5 3.9 27.9 5.4 (0.4) (8.2) (2.0) 1.4 5.8 (66.7) 0.1 743.5 2024 Op. revenue Enoxaparin biosimilar BemiparinOkedi® Neparvis®Volutsa® Orvatez® Other products Discounts to the NHS Contrast agents and other hospital products CDMO Other operating revenue(*) 2025 Op. revenue 1 2025 sales variation: -3% 6 €Mn (*) Note:: "Other operating revenue” includes service activities that are not material to the Group. To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information.
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373.4 414.1 2024 2025 248.7 266.8 2024 2025 • Sales of prescription-based pharmaceutical products increased 11% to €414.1 Mn in 2025. • Sales of the heparin franchise(1) increased 7% to €266.8 Mn in 2025. • Heparin sales represented 36% of operating revenue in 2025 compared to 33% in 2024. 145.2 96.4 157.7 100.3 2024 2025 Enoxaparin biosimilar Bemiparin Prescription-based sales LMWH salesHeparin franchise sales +7% +9% +4% 7 €Mn €Mn €Mn ROVI aspires to become a benchmark player in the LMWH field worldwide (1) Heparin franchise includes low molecular weigth heparins and other heparins. Other heparins are reported in the "Contrast agents and other hospital products" line. +11%
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Enoxaparin biosimilar sales ramp-up Growth evolution of enoxaparin biosimilar Well-established network to minimize time-to-market 8 €Mn €145.2 Mn Directly marketed in Germany, UK, Italy, France, Austria, Portugal and Spain Approved in 26 countries in Europe and 33 in the rest of the world Expansion in other markets through out licensing agreements with international partners: 82 territories signed €157.7 Mn +9% 44.2 37.9 37.1 33.6 34.9 39.6 33.6 39.8 34.6 35.1 31.8 43.6 40.6 39.2 33.0 44.9 Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
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Okedi®, Neparvis® and contrast agents and other hospital products, key drivers of the strong performance of the specialty pharmaceutical business -4% +10% -38% +11% 9 €Mn (2) +97% (1) (1) Decrease in sales was mainly due to the competitive environment following the entry of generics. ROVI dropped its price by 40% in October 2024. (2) Volutsa® price decreased by 47% in Q2 2023. 28.8 51.4 21.5 9.4 53.056.7 56.7 13.4 9.0 58.8 2024 Sales 2025 Sales Okedi® Neparvis® Orvatez® Volutsa® Contrast agents and other hospital products 0 20 40 60 80
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(1) Agreements entered with ROVI Pharma Industrial Services, S.A.U. (2) Respiratory syncytial virus (3) Pre-filled cartridge CDMO sales fell 20% to €269.5 Mn in 2025 as a result of: ▪ the booking of negligible revenue related to the activities carried out to prepare the plant for production of the vaccine under the agreement with Moderna in 2025 vs 2024, and ▪ lower revenues from the production for Moderna in 2025 vs 2024. New capacities for industrial plants Value added CDMO services CDMO evolution (Sales)Latest CDMO contract wins with key clients(1) San Sebastián de los Reyes 269.5 336.2 2025 2024 -20% 10 €Mn Madrid Alcalá de Henares • The first high-speed PFS filling line (36,000 syr/h) has already been installed and qualified. The FDA has inspected and approved the line (No Action Indicated) to produce the mRNA COVID vaccine in July 2024. • The second of the lines (isolator technology-36,000 syringes/h) was installed in August 2024, is undergoing qualification, and will be used to meet the demand stipulated in the aforementioned agreement with a global pharmaceutical company. • The third high-speed filling line (isolator technology-36,000 syringes/h) will be installed in Q2 2026 with capacity to manufacture PFS or cartridges. • Four direct PFS cartooning packaging lines (24,000 syr/h) have been installed. All of them are qualified and are in operation to cover US seasonal COVID vaccine and other CDMO projects. • The first assembly line has already been installed to assemble cartridges into pens and is under qualification. The second one will be installed in Q3 2026. • A new aseptic filling line was installed in Q1 2025 with a capacity to manufacture PFS or cartridges, adding a capacity of 35m-40m FFS-PFC(3). Phoenix • Vial line currently being used for the manufacture of BMS cytotoxic product. • New optima PFS filling line with isolator technology to be installed in a segregated area in 2027, adding a capacity of 65m-70m PFS. • Moderna: 10-year global agreement covering end-to-end manufacturing of COVID-19 and RSV(2) vaccines, including API COVID-19 production in Granada and fill-and-finish in Madrid and SSRR. Also includes the potential manufacturing of next-generation mRNA vaccines (Flu, combo (Flu+COVID-19), Noravirus). • Global Pharma Partner : Agreement to manufacture up to 100 million pre-filled syringes annually using a high-speed line at the San Sebastián de los Reyes facility. ROVI expects CDMO revenue to grow between 20% and 45% vs 2023. • Bristol Myers Squibb (BMS) : 5-year Toll Manufacturing Agreement, which provides for a minimum payment of $50Mn for each year of the contract. • Roche: Agreement to manufacture a new medicine under clinical development from metabolic and cardiovascular portfolio. By 2030, ROVI estimates that this agreement will contribute to a minimum increase of between 20% and 25% in CDMO sales vs 2024.
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11 ISM® Platform opens up new avenues of growth for ROVI Overview Key Company Highlights of ISM® Platform • Internally-developed and patented innovative drug-release technology, ISM®(1), which allows for the sustained release of compounds administered by injection • Based on two separate syringes containing, respectively, (i) the drug and polymer (solid state) and (ii) the solvent (liquid state) • Potential wide applicability of ISM® technology to new chronic therapeutic areas, including psychiatry and oncology • 505(b)(2) path of approval for candidates leveraging ISM® technology Key Milestones Predictability Pop PK(3) model & simulations already validated for Risperidone- ISM® in Phase I & II Clinical Program Expected high success rate in Phase III in new developments Usability Improved stability No cold chain needed Flexibility Selecting the most convenient posology depending on clinical needs From 1 to 12 months administration Improved Clinical Management Long-acting injection (1-12 months) plasma therapeutic levels from day 1 Rapid onset & sustained clinical effect Vertical Integration Technological barriers (e.g. power filling) Strong IP Manufacturing capabilities Protected technology Fully integrated manufacturing plants 1 2 3 4 5 11 (1) ISM® stands for In Situ Microimplants. (2 )Superior Inhibition of Estrogen (3) PK stands for pharmacokinetic Product Potential Indication Current Situation Key Milestones Risperidone ISM®, monthly Schizophrenia Aproved Marketed in Europe, and in Australia & Taiwan Letrozole ISM®, annual Breast Cancer Clinical development on hold Phase I: Superior oestrogen suppression vs Femara® Letrozole SIE(2), quarterly Breast Cancer Completion of Phase I Phase I: positive readout confirms superior estrogen suppression vs Femara® and allows progression to phase III clinical trial Risperidone ISM®, quarterly Schizophrenia Completion of Phase I Phase I: positive readout allows progression to Phase III clinical trial Concentrated on improving posology for already approved compounds, which benefits risk / reward profile Multiple FDA / GMP approved facilities to support the platform
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Launch and commercialization of Risperidone ISM® LMWH franchise Existing portfolio of specialty pharmaceuticals New product distribution licenses New diagnosis solutions powered by artificial intelligence 12 Outlook 2026 2026 operating revenue growth rate 2026 key performance drivers and strategic levers: Specialty Pharma CDMO 12 Manufacturing agreement with Moderna Other agreements Manufacturing Agreement with BMS Capacity increase New formats (cartridges) Increase by between a high single-digit and low double-digit percentage vs 2025
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Javier López-Belmonte Deputy Chairman and Chief Financial Officer FINANCIAL RESULTS
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Total revenue decreased 1% to €756.1 Mn in 2025. Operating revenue decreased 3% to €743.5 Mn in 2025 driven by the performance of the CDMO business, which declined 20% to €269.5 Mn, compared with € 336.2 Mn in 2024. However, sales of the specialty pharmaceutical business increased 11% to €473.9 Mn in 2025 from €427.5 Mn in 2024, mainly due to the strong performance of both Okedi® and the heparin franchise. Sales of LMWH rose 7% to €258.1 Mn in 2025: • Enoxaparin biosimilar sales increased by 9% to €157.7 Mn, driven by a higher volume of orders from international partners in 2025. ◦ Particularly strong Q4 2025, the strongest of the year, with sales increasing by 36% compared with Q3 2025. • Bemiparin sales increased by 4% to €100.3 Mn, driven by a particularly strong Q4 2025, in which sales grew by 53% versus Q3 2025. ◦ Solid performance of international sales, which rose by 15% to 43.6 million euros, mainly driven by the strong performance of the product in countries such as China, Greece and Turkey, which were the most significant markets in terms of order volume. 96.4 100.3 145.2 157.7 Bemiparin Enoxaparin biosimilar 2024 2025 0 50 100 150 200 250 300 763.7 40.7 5.7 (66.7) 0.1 743.5 2024 operating revenue Prescription products Contrast agents & hospital products & others CDMO Other operating income(*) 2025 operating revenue 14 +7%-3% Operating revenue LMWH sales 241.6 258.1 €Mn €Mn 14 Revenue level affected by the performance of the CDMO business (*) "Other operating income” includes service activities that are not material to the Group. To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information.
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478.5 494.7 62.7% 66.5% Gross profit Gross margin 2024 2025 0 250 500 750 40% Gross profit and Gross margin Gross margin impacts 15 +3.9 pp €Mn To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. Gross margin uplift from R&D aid, Okedi® growth and lower LMWH material prices Gross profit increased 3% to €494.7 Mn in 2025. Gross margin increased from 62.7% in 2024 to 66.5% in 2025, an increase of 3.9 pp. This increase was impacted by the recognition of revenue associated with the R&D aid awarded by the CDTI for the LAISOLID project, which is recorded under the "Other income" line. However, excluding the impact of "Other income", gross margin would have increased by 2.3 pp to 64.8% mainly due to: (i) the increased contribution of Okedi® sales, which added high margins; and (ii) the decrease in LMWH raw material prices, which had a positive impact on gross margin.
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SG&A expenses decreased by 2% to € 240.7 Mn in 2025 compared to 2024, mainly due to a 8% reduction in “Other operating expenses (excl. R&D)”. This item, however, includes non-recurrent expenses associated with the strategic projects undertaken in 2024 and 2025. When excluding these non-recurrent “Strategic projects”, "Other operating expenses (excl. R&D)" would have decreased by 4% in 2025, underscoring the continued effectiveness of the Company's cost-containment initiatives. These efficiencies offset the 4% increase in “Employee benefit expenses (excl. R&D)” in 2025 versus 2024, driven primarily by (i) a 3% wage increase due to the entry into force of the XXI Collective Agreement of the Chemical Industry 2024-2026 in Q4 quarter of 2024, and (ii) the hiring of additional CDMO personnel. Operational efficiency with continued R&D commitment 37.8 25.8 0 10 20 30 40 2025 2024 +47% SG&A expenses 245.2 240.7 32.1% 32.4% SG&A SG&A/Operating revenue 2024 2025 0 250 0% 10% 20% 30% 40% R&D expenses 16 €Mn €Mn (1) Source: https://www.feique.org/wp-content/uploads/2024/11/XXI-CONVENIO-GENERAL-DE-LA-INDUSTRIA-QUIMICA.pdf To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. -2% R&D expenses increased by 47% to € 37.8 Mn in 2025. These expenses are related to (i) the completion of the phase I clinical trials for Letrozole SIE and Quarterly Risperidone ISM®, and (ii) the preparation for the development of the phase III clinical trial of Letrozole SIE.
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For further details of the alternative performance measures (APMs), including their definition or a reconciliation between any applicable management indicators and the financial data presented in the consolidated financial statements prepared under IFRS, please refer to the above mentioned information on page 1 of the press release of the results for the first nine months of 2023 and on page 35 of annex 2 of the mentioned document, which is available on the corporate website (www.rovi.es) and in particular in https://www.rovi.es/en/shareholders-investors/financial-business-information. 207.4 216.2 27.2% 29.1% EBITDA EBITDA Margin 2024 2025 0 250 0% EBITDA EBIT Net Profit EBITDA, EBIT & Net Profit analysis +4%+4% +3% 136.9 140.4 2024 2025 0 100 207.4 16.1 4.5 (12.0) 0.2 216.2 EBITDA 2024 Gross profit SG&A expenses R&D expenses Share of profit of a joint venture EBITDA 2025 0 200 €Mn€Mn €Mn€Mn 17 To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 1 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. 179.4 185.8 23.5% 25.0% EBIT Margen EBIT 2024 2025 0 200 0% 10% 20% 30%
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Pre-R&D analysis(1) +9% +9% +8% 233.2 205.2 156.7 254.0 223.6 169.3 2024 2025 EBITDA pre-R&D EBIT pre-R&D Net profit pre-R&D 0 50 100 150 200 250 300 18 €Mn (1) EBITDA, EBIT and Net profit "pre-R&D" calculated excluding R&D expenses in 2025 and 2024. To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on pages 16-17 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. 18
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CF from operating activities increased by 35% to €187.1 Mn in 2025 mainly due to: • the increase of €40.1 Mn in "Proceeds from grants" item; • the increase of € 43.0 Mn in "Inventories" item in 2025, compared to an increase of €11.9 Mn in 2024; and • the decrease of € 17.9 Mn in the “Cash flow from contract manufacturing services" item in 2025, compared to the decrease of €33.9 Mn in 2024. ROVI invested €67.8 Mn in 2025 and the main investment projects are: • New filling lines and operations expansion • Glicopepton • ISM® industralization 62.2 67.8 2024 2025 0 15 30 45 60 75 (85.1) 187.1 (67.8) (3.5) (47.8) (4.8) (21.9) Net debt (-)/ cash (+) FY 2024(1) Net cash from operating activities Capex Invts. in joint ventures and associated companies Dividends paid Other Net debt (-)/ cash (+) FY 2025(1) Capital expenditure and Cash Flow CAPEX evolution Cash Flow evolution +9% 32% 3%49% 16% Maintenance Capex ISM industrialisation New filling lines and operations expansion Glicopepton 19 €Mn €Mn To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on page 20-22 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information.
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13% 9% 78% 0% Financial liabilities for leases Debt with public administration Bank borrowings Financial derivatives Debt analysis Debt breakdown by source (%) Debt maturities Total debt €121.8 Mn 28.6 28.8 27.1 21.1 16.2 2026 2027 2028 2029 2030 + 0.0 10.0 20.0 30.0 40.0 20 To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on pages 19-20 and Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: https://www.rovi.es/en/shareholders-investors/financial-business-information. €Mn • Net debt of €21.9 Mn as of 31 December 2025 vs €85.1 Mn as of 31 December 2024. • As of 31 December 2025, bank borrowings increased by €8.1 Mn. • ROVI's General Shareholders Meeting, held on 18 June 2025, approved the payment of a dividend equivalent to 0.9351 euros per share entitled to receive it, charged to the 2024 profit. This would entail distribution to an amount equivalent to approximately 35% of the consolidated net profit for 2024 attributed to the parent company. This dividend was paid on 16 July 2025. • Additionally, ROVI's Board of Directors will put a proposal to the General Shareholders' Meeting for distribution of a dividend of 49,155,590.06 euros, equivalent to 0.9594 euros per share entitled to receive it, charged to the 2025 profit. This would entail distribution to an amount equivalent to approximately 35% of the consolidated net profit for 2025 attributed to the parent company.
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Production progress of key manufacturing agreements ROIS Phoenix 21 Specialty pharma News flow 2026 CDMO ISM® technology platform 21 Marketing of Okedi® in Europe and rest of the world Additional new products to be launched Granting by the competent local authorities of the marketing authorisation of an enoxaparin biosimilar outside Europe Phase III clinical trial of a three-monthly formulation of letrozole (Letrozole SIE) Phase III clinical trial of risperidone for a 3-monthly injection
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In addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRSs”) taken from our financial statements, this document includes certain alternative performance measures (“APMs”) as defined in the ESMA (European Securities and Markets Authority) Guidelines on Alternative Performance Measures of 5 October, 2015 (ESMA/2015/1415), as well as some non-IFRS financial indicators. The financial measures contained in this document that are considered APMs or non-IFRS financial indicators have been prepared on the basis of the ROVI Group’s financial information but are not defined or set out in detail within the framework of the applicable financial information and have not been audited or reviewed by ROVI's auditors. These APMs are considered figures that have been adjusted in respect of those that are presented in accordance with the International Financial Reporting Standards endorsed by the European Union (IFRS-EU), which form the applicable accounting framework for the consolidated financial statements of the ROVI Group. Therefore, the reader should consider them to complement the latter but not to replace them. ROVI uses these APMs and non-IFRS financial indicators to plan, oversee and assess its performance. ROVI considers the APMs and non- IFRS financial indicators to be useful to allow the management team and investors to compare the past or future financial performance, the financial situation and the cash flows. Notwithstanding, these APMs and non-IFRS financial indicators are considered complementary and are not intended to replace IFRS measures. Furthermore, other companies, including some in ROVI's sector, may calculate such measures differently, which reduces their usefulness for comparative purposes. To obtain further information on the alternative performance measures (APMs) and non-IFRS financial indicators used by ROVI, including the definition thereof and a reconciliation between the applicable management indicators and the financial information set out in the consolidated financial statements prepared under IFRSs, please consult the information included on this subject on Appendix 2 (pages 35-39) of the press release on the financial results for the full year 2025. Said document is available on ROVI’s website and may be accessed on the following link: (https://www.rovi.es/en/shareholders-investors/financial-business-information). Alternative performance measures 22
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Juan López-Belmonte Chairman and Chief Executive Officer www.rovi.es Javier López-Belmonte Deputy Chairman and Chief Financial Officer www.rovi.es Marta Campos Head of Finance mcampos@rovi.es www.rovi.es Beatriz de Zavala Investor Relations Analyst bdezavala@rovi.es www.rovi.es Victoria López-Belmonte Investor Relations Analyst vlopez-belmonte@rovi.es www.rovi.es For further information, please contact: