Earnings release
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VIDRALA, S.A. BUSINESS PERFORMANCE Q3 2025 ACCUMULATED FIGURES (NINE MONTHS ENDED) September 2025 September 2024 Reported change Organic change Sales (EUR million) 1,124.4 1,216.4 -7.6% -5.1% EBITDA (EUR million) 328.9 337.7 -2.6% +0.5% Earnings per share* (EUR) 4.93 5.05 -2.4% Debt / EBITDA* (multiple) 0.3x 0.7x -0.4x *Note: In order to improve comparability, earnings per share has been adjusted for the sale of Italy in 2024, as well as for the effect of the bonus share issue carried out in November 2024. For the purpose of calculating the leverage ratio, debt and EBITDA figures exclude the IFRS 16 Leases impact. • Sales during the first nine months of 2025 amounted to EUR 1,124.4 million, showing an organic variation of -5.1%. • Operating profit, EBITDA, amounted to EUR 328.9 million representing an operating margin of 29.3%. • Earnings per share reached EUR 4.93 per share in the period. • Strong cash generation of EUR 155.2 million as of September 30, 2025 drove a reduction in net debt, which stood at 150.3 million, equivalent to 0.3x times last twelve months EBITDA. VIDRALA. Management Report. Third quarter 2025. | 1
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Earnings performance Sales Sales reported by Vidrala during the first nine months of 2025 amounted to EUR 1,124.4 million, representing a variation of -7.6% over the previous year. On a constant currency basis and comparable perimeter, sales declined by -5.1%. SALES YEAR OVER YEAR CHANGE EUR million VIDRALA. Management Report. Third quarter 2025. | 2
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Operating results Operating profit –EBITDA– obtained in the first nine months of 2025 reached EUR 328.9 million. This represents a variation of -2.6% over the figure reported last year, reflecting an organic change of +0.5%, on a constant currency and comparable basis. EBITDA margins reached 29.3% over sales. This represents an expansion of 150 basis points over the previous year. EBITDA YEAR OVER YEAR CHANGE EUR million EBITDA MARGINS YEAR OVER YEAR CHANGE As percentage of sales VIDRALA. Management Report. Third quarter 2025. | 3
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Results and financial position Net profit in the first nine months amounted to EUR 165.2 million. As a result, earnings per share during the period reached EUR 4.93 per share. This represents a variation of -2.4% over the previous period, on a like- for-like basis, i.e., adjusted for Italy’s contribution to 2024 results and the capital gain from its sale. Net debt at September 30, 2025 stood at EUR 150.3 million. This is equivalent to a leverage ratio of 0.3x times last twelve months EBITDA. DEBT QUARTERLY EVOLUTION SINCE SEPTEMBER 2024 Debt in EUR million and times EBITDA* Debt figure and leverage ratio do not include the effect of IFRS 16 Leases, which entails an increase of EUR 49.0 million in debt and EUR 6.1 million in consolidated EBITDA (EUR 44.3 and 4.5 million, respectively, in 9M 2024). VIDRALA. Management Report. Third quarter 2025. | 4
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Conclusions and outlook Our 2025 nine months results capture the essence of where Vidrala stands today. We have diversified our business, strengthened our market position, and are investing more than ever in optimising our industrial footprint, while acting decisively to improve our cost base. All of this underlines our firm commitment to progress, differentiation, and to manufacturing our products and serving our customers in the most competitive and sustainable way. As a result, despite a weaker-than-expected demand environment, our margins have remained stable and business profitability continues to consolidate as anticipated. This allows us to reaffirm our 2025 guidance for EBITDA and free cash flow generation, expected to be around €450 million and €200 million, respectively, subject to limited variations primarily due to FX fluctuations. In any case, we continue to move forward, preparing the business for the future, firmly committed to our strategic pillars: customer, cost, and capital discipline. VIDRALA. Management Report. Third quarter 2025. | 5
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Annex I. Reportable Segment Information. Iberia and rest of Europe Q3 2024 9M 2024 Q3 2025 9M 2025 Sales 176.6 576.3 180.0 562.7 EBITDA 51.4 165.5 57.8 175.1 EBITDA margin 29.1% 28.7% 32.1% 31.1% United Kingdom and Ireland Q3 2024 9M 2024 Q3 2025 9M 2025 Sales 162.4 473.9 155.4 436.0 EBITDA 42.5 107.1 38.7 101.7 EBITDA margin 26.2% 22.6% 24.9% 23.3% Brazil (2023 pro-forma) Q3 2024 9M 2024 Q3 2025 9M 2025 Sales 47.1 149.2 39.0 125.8 EBITDA 18.8 60.4 16.3 52.1 EBITDA margin 39.9% 40.5% 41.8% 41.4% Italy (2024 YTD as of February) Q3 2024 9M 2024 Q3 2025 9M 2025 Sales 0.0 17.0 0.0 0.0 EBITDA 0.0 4.6 0.0 0.0 EBITDA margin —% 26.9% —% —% Figures in the tables may not match due to rounding. VIDRALA. Management Report. Third quarter 2025. | 6
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Annex II. Alternative Performance Measures (APM). Vidrala publishes this information in order to promote comparability and interpretation of its financial information and in compliance with the Directive of the European Securities and Markets Authority (ESMA) on Alternative Performance Measures (APM). See below, the alternative performance measures used by Vidrala, as well as its basis of calculation. For further detail, please check the reference document published on the corporate website: https://www.vidrala.com/default/documentos/746_es-medidas_alternativas_de_rendimiento_apm.pdf EBITDA. Vidrala calculates EBITDA as earnings before interest, taxes, depreciation and amortisation (as reported in the consolidated income statement). Consolidated net debt. Vidrala calculates consolidated net debt as the sum of all long-term liabilities and short-term obligations, and then subtracting cash and cash equivalents (as reported in the consolidated balance sheet). Reported net debt excludes the impact of IFRS 16 Leases (see note 19 of the consolidated financial statements for further details). Free cash flow. Vidrala calculates free cash flow by adding –to the real variation in net debt balances (as reported in the consolidated balance sheet)– payments during the period dedicated to dividends and net treasury stock purchases (as reported in the consolidated statement of cash flows). Other magnitudes referred to in this report: 1. EBITDA margin is calculated as accumulated EBITDA during the reported period divided by net sales. 2. Organic refers to the variation on a like-for-like (comparable perimeter) and constant currency basis. 3. Debt/EBITDA ratio is calculated as consolidated net debt at the end of the reported period divided by EBITDA obtained in the last 12 months. VIDRALA. Management Report. Third quarter 2025. | 7
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EBITDA EUR ‘000 9M 2025 Source of data Profit before income tax from continuing operations 221,321 Consolidated Income Statement Amortisation and depreciation +97,206 Consolidated Income Statement Finance income -6,498 Consolidated Income Statement Finance costs +15,308 Consolidated Income Statement Impairment of non-current assets +2,035 Consolidated Income Statement Change in fair value of financial instruments 0 Consolidated Income Statement Participation accounted through equity method -443 Consolidated Income Statement EBITDA 328,929 N/A NET DEBT EUR ‘000 9M 2025 Source of data Loans and borrowings (non-current liabilities) 207,166 Consolidated Balance Sheet Loans and borrowings (current liabilities) +77,185 Consolidated Balance Sheet Cash and cash equivalents -85,113 Consolidated Balance Sheet IFRS 16 Leases impact -48,980 Note 19 - Financial Liabilities Consolidated net debt 150,258 N/A FREE CASH FLOW EUR ‘000 9M 2025 Source of data Year-over-year change in net debt balances 98,056 Consolidated Balance Sheet Dividends paid -51,834 Consolidated Statement of Cash Flows Annual General Meeting attendance bonus -1,491 Note 16(c) - Equity Currency effect on debt -3,811 Note 5 - Financial Risk Factors Proceeds from issue of treasury shares and own equity instruments 0 Consolidated Statement of Cash Flows Payments to redeem own shares and other own equity instruments 0 Consolidated Statement of Cash Flows Acquisition of a subsidiary and/or participation accounted through equity method 0 Consolidated Statement of Cash Flows Free Cash Flow 155,192 N/A VIDRALA. Management Report. Third quarter 2025. | 8
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Annex III. 2025 events calendar. Past events February 14, 2025 Payment of a first interim cash dividend from 2024 results February 28, 2025 FY 2024 Earnings Release (8:00h CET) April 29, 2025 Q1 2025 Earnings Release (10:00h CET) April 29, 2025 Annual General Meeting (12:00h CET) July 15, 2025 Payment of a complementary cash dividend from 2024 results July 24, 2025 Q2 2025 Earnings Release (13:00h CET) October 29, 2025 Q3 2025 Earnings Release (8:00h CET) Upcoming events The 2026 event calendar will be available soon on our corporate website: https://www.vidrala.com/en/investors/shareholder-centre/investor-agenda/ VIDRALA. Management Report. Third quarter 2025. | 9