Earnings release
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PRESS RELEASE 2026 Half Year results Positive sales momentum and improved operating profitability ● H1 2026 revenue of €1,428m, +12.0% vs. H1 2025, +13.4% like for like (1) ● Q2 2026 revenue of €780m, +15.6% vs. Q2 2025 ● Q2 2026 machine order intake of €550m vs. €450m in Q2 2025 ● Q2 2026 order book (2) on equipment at €1,092m vs. €1,045m in Q2 2025 ● Recurring operating income at €87m (6.1%) vs.€65m (5.1%) in H1 25 ● Net income at €51m vs. €33m in H1 25 ● EBITDA restated from IFRS 16 (3) at €123m (8.6%) vs. €99m (7.7%) in H1 25 ● Net debt (4) at €186m, down €26m vs December 31, 2025, gearing (4) at 19%, leverage (4) at 0.8 ● Upgraded guidance with expected 2026 revenue growth of +6.5% to +8.0% compared to 2025, and a 2026 recurring operating margin between 5.3% and 5.6% of revenue. Ancenis, July 30, 2026, The Board of Directors of Manitou BF met today under the chairmanship of Marcel-Claude Braud and approved the consolidated financial statements for the first half of 2026. Sylvain Blaise, President & CEO, stated: “Our business activity in the first half of 2026 demonstrates remarkable momentum, with revenue up +12.0%. This acceleration was confirmed in the second quarter with robust growth of +15.6%. In a complex global environment, Europe established itself as our primary growth driver (+16.6%), driven by the rental and agricultural sectors. Despite headwinds in North America due to tariffs and a LAPAM region impacted by Asian competition and geopolitical tensions in the Middle East, our fundamentals remain strong.” Our order book of €1,092 million provides approximately six months of visibility for machine sales. The financial performance for this half-year demonstrates our ability to rebuild our margins. Recurring operating income reached €87 million (6.1% of revenue), up by €22 million compared to the first half of 2025. This improvement, driven by robust purchasing performance and optimized industrial efficiency, was achieved despite price pressures and the impact of tariffs. As part of the energy transition (“LIFT 2030” strategy), the group is continuing to electrify its ranges with initial deliveries of electric telehandlers (MT 1440 e and MT 1840 e). Furthermore, the creation of the HM Battery Solutions joint venture with Hangcha in Le Mans strengthens our lithium-ion battery supply chain. Driven by first-half momentum and a robust order book, the group is upgrading its full-year 2026 guidance. It now expects revenue growth between +6.5% and +8.0% (up from +5% previously) and a recurring operating margin between 5.3% and 5.6% (compared to initial guidance of 5.0%). These outlooks, which factor in proactive management of raw material price pressures, remain subject to an uncertain macroeconomic and geopolitical environment.
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Key figures Profitability by geographical areas Effective January 1, 2026, segment reporting has been aligned with the group’s new organizational structure. The group’s reportable segments now correspond to the following three operational geographic areas: - Europe - North America - LAPAM Segment data for the first half of 2025 has been restated to reflect this new organization.
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Europe As the primary driver of the group’s performance, the Europe region delivered robust growth, fueled by strong momentum in the rental and agricultural sectors, as well as market share gains in telehandlers. This notable improvement in operational profitability stems from higher volumes, combined with optimized industrial efficiency and solid purchasing performance. At the same time, rigorous fixed cost control made it possible to sustain strategic Research & Development investments, confirming the group’s ambition to accelerate innovation, particularly through its new electric ranges key to the success of its decarbonization strategy. North America Revenue was down, impacted by the combined effect of tariffs, a market slowdown, and a highly competitive environment. Profitability, meanwhile, was penalized by shrinking volumes, price pressures, and the direct burden of trade barriers. LAPAM The LAPAM region reported a decline in activity, impacted by an intense competitive environment and delivery delays linked to geopolitical instability in the Middle East. This overall picture remains mixed, however, supported by solid growth in LATAM. The drop in recurring operating income resulted mechanically from lower volumes, while the margin rate was affected by a sharp increase in freight costs and persistent price pressure.
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Recent Major Events Governance On June 22, 2026, Mr. Marcel-Claude Braud was appointed Chairman of the Board of Directors until the end of his current term as Director, through the 2027 Annual General Meeting called to approve the financial statements for the 2026 fiscal year. Financing & Sustainability In June 2026, the group signed an amendment to its Sustainability-Linked Loan (SLL) facility. This modification aims to align the non-financial performance indicators of this financing with the ambitions of its new LIFT 2030 strategy and its updated CSR roadmap. This ESG-linked Revolving Credit Facility (RCF), amounting to €535 million, matures in July 2029. Appendix Revenue by business segment and geographical areas **** Glossary : (1) Like for like, so at constant scope and exchange rates: - Scope: - no company acquired in 2025 and 2026 that could impact the current period published, - no company exited the scope in 2025 and 2026. - Application of the exchange rate of the previous year on the aggregates of the current year. (2) The order book corresponds to machine orders received and not yet delivered, for which the group: -has not yet provided the promised machines to the customer, -has not yet received consideration and has not yet been entitled to consideration. These orders are delivered within less than one year and may be cancelled. The order book may vary due to changes in consolidation scope, adjustments, and foreign currency translation effects. (3) EBITDA restated from IFRS 16: Earnings before interest, taxes, depreciation, and amortization, restated from IFRS 16 impact. (4) Net debt, gearing and leverage: excluding lease commitments IFRS 16.
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Code ISIN : FR0000038606 Indices : CAC ALL SHARES, CAC ALL-TRADABLE, CAC INDUSTRIALS, CAC MID & SMALL, CAC SMALL, EN FAMILY BUSINESS FORTHCOMING EVENT: October 29, 2026 Q3 2026 Sales revenues Company information is available at www.manitou-group.com Shareholder information: communication.financiere@manitou-group.com A world leader in material handling, people lifting, and earthmoving, Manitou Group’s mission is to improve working conditions, safety, and performance worldwide, while protecting people and their environment. Through its iconic brands—Manitou and Gehl—the Group designs, manufactures, and distributes equipment and services for the construction, agriculture, and industrial sectors. By placing innovation at the core of its development, Manitou Group constantly strives to deliver value to all its stakeholders. Driven by the expertise of its network of 800 dealers, the group stays closer to its customers every day. True to its roots with headquarters located in France, Manitou Group generated revenues of €2.6 billion in 2025 and unites 6,100 talents worldwide, all driven by a shared passion.
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2026 FINANCIAL EXTRACT JUNE 30, 2026 2026
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FI NA N CI A L EX TRA CT JUN E 30, 2026 2 1. STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED INCOME STATEMENT in thousands of euros 2025* S1 2025* S1 2026 Net sales 2,564,365 1,274,591 1,427,933 Cost of goods and services sold -2,108,401 -1,053,354 -1,177,026 Research & development costs -52,832 -25,905 -27,455 Selling, marketing and services expenses -170,343 -85,118 -89,074 Administrative expenses -92,112 -46,229 -48,243 Other operating income and expenses 1,962 925 467 Recurring operating profit 142,639 64,910 86,602 Non-recurring operating income and expenses -16,796 -1,677 -1,012 Operating income 125,843 63,232 85,589 Share of profits of associates 3,202 1,441 1,543 Operating income including net income from associates 129,045 64,673 87,132 Financial income 108,817 78,975 56,246 Financial expenses -131,012 -91,169 -64,838 Financial result -22,195 -12,194 -8,592 Income before tax 106,850 52,479 78,540 Taxes -38,392 -19,779 -27,271 Net income 68,458 32,700 51,269 Attributable to equity holders of the parent 68,415 32,668 51,251 Attributable to non-controlling equity interests 43 32 18 *The financial statements for the first half of 2025 and full -year 2025 have been reclassified for presentation purposes, as set out in Note 5 of the notes to the financial statements. EARNINGS PER SHARE (IN EUROS) 2025 S1 2025 S1 2026 Earnings per share attributable to the equity holders of the parent 1.79 0.85 1.34 Diluted earnings per share 1.79 0.85 1.34 OTHER COMPONENTS OF COMPREHENSIVE INCOME AND EXPENSES & COMPREHENSIVE INCOME In thousand of euros 2025 H1 2025 H1 2026 Income (loss) of the year 68,458 32,700 51,269 Items that will be reclassified to profit of loss in subsequent periods Adjustments to fair value of the financial assets 37 18 33 Translation differences arising on foreign activities -33,592 -33,360 8,553 Interest rate hedging and exchange instruments 8,697 9,374 -1,666 Tax impacts -2,256 -2,431 423 Items that will not be reclassifield to profit or loss in subsequent periods Actuarial gains (losses) on defined benefits plans 4,142 1,344 3 Tax impacts -1,083 -351 -9 Total gains and losses recognized directly in other components of comprehensive income -24,054 -25,405 7,337 Comprehensive income of the year 44,404 7,295 58,606 Attributable to equity holders of the parent 44,366 7,266 58,588 Attributable to non-controlling interests 38 29 18
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FI NA N CI A L EX TRA CT JUN E 30, 2026 3 2. CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS in thousands of euros December 31, 2025 Net amount as of June 30, 2026 Goodwill 10,072 10,118 Intangible assets 109,378 113,902 Tangible assets 407,374 412,891 Right-of-use of leased assets 37,861 42,725 Investments in associates 24,956 34,458 Sales financing receivables 1,834 1,769 Other non-current assets 10,086 12,807 Deferred tax assets 29,061 34,039 Non-current assets 630,623 662,710 Inventories & work in progress 741,533 763,138 Net trade receivables 471,386 530,263 Current income tax 16,550 10,661 Other current assets 97,272 93,874 Cash and cash equivalents 99,661 91,620 Current assets 1,426,403 1,489,557 Assets held for sale 0 0 Total assets 2,057,026 2,152,266 EQUITY & LIABILITIES in thousands of euros December 31, 2025 Net amount as of June 30, 2026 Share capital 39,668 39,668 Share premiums 46,098 46,098 Treasury shares -23,826 -23,903 Reserves and profit for the year - equity holder of the parent 908,720 938,343 Equity attributatble to owners of parent 970,660 1,000,206 Non-controlling interests 124 56 Total equity 970,784 1,000,262 Non-current provisions 52,519 53,294 Non-current fianancial liabilities 111,438 36,992 Non-current lease debts 23,312 28,881 Other non-current liabilities 16,857 21,568 Deferred tax liabilities 5,387 4,821 Non-current liabilities 209,513 145,556 Current provisions 28,947 28,232 Current financial liabilities 206,977 246,135 Current lease debts 8,347 8,533 Trade payables 369,810 414,088 Current income tax 63 16,467 Other current liabilities 262,585 292,991 Current liabilities 876,729 1,006,447 Total equity & liabilities 2,057,026 2,152,266
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FI NA N CI A L EX TRA CT JUN E 30, 2026 4 3. CONSOLIDATED SHAREHOLDERS’ EQUITY Total shareholder's equity In thousands of euros Share capital Share premium Cumulative translation adjustment Treasury shares Consolidated reserves Attribuable to equity holders of the parent company Non-controlling interest Total equity As of December 31, 2024 39,668 46,098 16,312 -23,804 897,365 975,639 132 975,771 Effect of the application of new standards As of January 1, 2025 39,668 46,098 16,312 -23,804 897,365 975,639 132 975,771 Gains and losses recognized in equity -33,357 7,955 -25,402 -3 -25,405 Net income 32,668 32,668 32 32,700 Comprehensive income -33,357 40,623 7,266 29 7,295 Stock option plan-related Dividends paid -47,834 -47,834 -47 47,881 Treasury shares -34 66 32 32 Capital increase Changes in control of consolidated entities Acquisition and disposal of minority interests -630 -630 -630 Purchase commitments for minority interests shares 847 847 847 Other As of June 30, 2025 39,668 46,098 -17,045 -23,838 890,438 935,321 114 935,435 Effect of the application of new standards As of July 1,2025 39,668 46,098 -17,045 -23,838 890,438 935,321 114 935,435 Gains and losses recognized in equity -230 1,583 1,353 -2 1,351 Net income 35,747 35,747 11 35,758 Comprehensive income -230 37,330 37,100 9 37,109 Stock option plan-related Dividends paid 1 1 Treasury shares 12 -42 -30 -30 Capital increase Changes in control of consolidated entities Acquisition and disposal of minority interests -653 -653 -653 Purchase commitments for minority interests shares -1,077 -1,077 -1,077 Other As of December 31, 2025 39,668 46,098 -17,275 -23,826 925,995 970,660 124 970,784 Effect of the application of new standards As of January 1, 2026 39,668 46,098 -17,275 -23,826 925,995 970,660 124 970,784 Gains and losses recognized in equity 8,552 -1,216 7,336 1 7,337 Net income 51,251 51,251 18 51,269 Comprehensive income 8,552 50,036 58,588 18 58,606 Stock option plan-related Dividends paid -28,698 -28,698 -86 -28,785 Treasury shares -77 70 -7 -7 Capital increase Changes in control of consolidated entities Acquisition and disposal of minority interests Purchase commitments for minority interests shares -337 -337 -337 Other As of June 30, 2026 39,668 46,098 -8,723 -23,903 947,066 1,000,205 56 1,000,261
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FI NA N CI A L EX TRA CT JUN E 30, 2026 5 4. CASH FLOW STATEMENT In thousand of euros 2025 H1 2025 H1 2026 Income for the period 68,458 32,700 51,269 Income from equity affiliates net of dividends -1,486 306 -1,543 Amortizations and depreciations 86,476 41,655 43,808 Provisions and impairments 11,547 1,390 -282 Income tax expense (current and deferred) 38,392 19,779 27,271 Other non-cash income and expenses 1,821 159 58 Cash flow operations 205,208 95,989 120,581 Tax paid -55,227 -25,290 -9,443 Change in working capital requirement 168,596 81,196 -14,788 Change in capitalized lease machines -16,820 -7,979 -10,861 Net cash flow from operating activities 301,757 143,915 85,489 Acquisitions of intangible assets -31,025 -15,389 -14,610 Acquisitions of tangible assets -83,705 -38,163 -21,018 Change in fixed assets payables -1,559 -2,172 -1,654 Disposals of tangible and intangible assets 773 301 562 Acquisitions of investments in obtaining control, net of cash acquired 0 0 0 Disposals of investments with loss of control, net of cash transferred 0 0 0 Others 379 322 -7,891 Net cash flow investing activities -115,136 -55,100 -44,610 Capital increase 0 0 0 Dividends paid -47,880 -47,882 -85 Purchase of treasury shares -22 -34 -77 Repurchase of non-controlling interests -1,283 -630 0 Change in other financial liabilities and assets -88,986 -49,500 -29,455 Payment of finance lease liabilities -11,057 -5,437 -5,102 Others -1,998 -5,719 -5,912 Net cash flow from financing activities -151,225 -109,201 -40,631 Change in net cash position 35,395 -20,386 248 Cash, cash equivalents and bank overdrafts at beginning of the year 38,418 38,418 95,558 Exchange gains (losses) on cash and bank overdrafts 21,746 24,665 -6,437 Cash, cash equivalents and bank overdrafts at closing 95,558 42,697 89,370
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FI NA N CI A L EX TRA CT JUN E 30, 2026 6 5. EXTRACT FROM THE NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2026 RESTATED FINANCIAL INFORMATION – LIFT 2030 NATURE AND DESCRIPTION OF THE CHANGE IN PRESENTATION Following the deployment of its new 'LIFT' strategic plan (see note 5.1 of the 2026 half -year report), expense reclassifications were carried out within the group's consolidated income statement. These are directly attributable to the internal reorganization. These reclassificati ons are immaterial and in no way affect the group's main overall financial aggregates: revenue, operating income, net income, the consolidated balance sheet, and the consolidated cash flow statement remain unchanged. At the same time, the group updated its segment reporting (see note 5 of the 2026 half-year report). The reconciliation between the restated financial information and the published financial information as of June 30, 2025, and December 31, 2025, is available below. RESTATED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2025 IN ACCORDANCE WITH IFRS FRAME OF REFERENCE in thousands of euros 2025 published Restatement 2025 restated Net sales 2,564,365 0 2,564,365 Cost of goods and services sold -2,112,244 3,843 -2,108,401 Research & development costs -48,529 -4,303 -52,832 Selling, marketing and services expenses -174,047 3,704 -170,343 Administrative expenses -88,869 -3,243 -92,112 Other operating income and expenses 1,962 0 1,962 Recurring operating profit 142,639 0 142,639 Operating income 125,843 0 125,843 Operating income including net income from associates 129,045 0 129,045 Financial result -22,195 0 -22,195 Income before tax 106,850 0 106,850 Net income 68,458 0 68,458 RESTATED FINANCIAL INFORMATION FOR THE PERIOD ENDED JUNE 30, 2025 IN ACCORDANCE WITH IFRS FRAME OF REFERENCE in thousands of euros S1 2025 published Restatement S1 2025 restated Net sales 1,274,591 0 1,274,591 Cost of goods and services sold -1,055,296 1,942 -1,053,354 Research & development costs -23,580 -2,325 -25,905 Selling, marketing and services expenses -86,646 1,528 -85,118 Administrative expenses -45,084 -1,145 -46,229 Other operating income and expenses 925 0 925 Recurring operating proft 64,910 0 64,910 Operating income 63,232 0 63,232 Operating income including net income from associates 64,673 0 64,673 Financial result -12,194 0 -12,194 Income before tax 52,479 0 52,479 Net income 32,700 0 32,700
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FI NA N CI A L EX TRA CT JUN E 30, 2026 7 ACQUISITIONS AND ADDITIONAL EQUITY INVESTMENT HM BATTERY SOLUTIONS Manitou Group and the Hangcha group have decided to join forces by creating an independently operated joint venture, HM Batte ry Solution, to address the lithium-ion battery market and provide new solutions to customers. The goal of this creation is to help customers replace the lead-acid batteries in their vehicles (forklifts, machinery, etc.) with more sustainable lithium -ion batteries in order to extend their lifespan. New product ranges are also involved, including the Manitou ME LIFT forklifts launched at the end of 2024. This initiative will directly support Manitou Group's "LIFT" strategic roadmap aimed at expanding its electric offering and achieving 28% of units sold by 2030. CESSION No cession took place during the period ended June 30, 2026. OTHER OPERATION No other operation took place during the period ended June 30, 2026.
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FI NA N CI A L EX TRA CT JUN E 30, 2026 8 INFORMATION ON OPERATING SEGMENTS CONSOLIDATED INCOME STATEMENT BY GEOGRAPHICAL AREAS In accordance with IFRS 8 "Operating Segments", the segment information presented below is prepared on the basis of internal reporting used by Executive Management to evaluate performance and allocate resources to the various segments. Executive Management, comprising Sylvain Blaise (CEO), Céline Brard (CFO), and all members of the Executive Committee (Excom), constitutes the group's "Chief Operating Decision Maker" within the meaning of IFRS 8. The key indicators reviewed and used internally by the chief operating decision makers to assess the performance of these operating segments are: ▪ net sales ; ▪ recurring operating profit ; ▪ recurring operating margin, which corresponds to the ratio of recurring operating profit to net sales. ORGANIZATIONAL EVOLUTION – EFFECTIVE JANUARY 1, 2026 On April 28, 2025, Manitou Group launched its "LIFT" strategic plan, designed to reinforce its global leadership and deliver innovative, impactful solutions to its customers. The strategy is based on four pillars: ▪ leading on material handling and people elevation markets ; ▪ Innovating with sustainability and a ustomer-driven mindset ; ▪ Focusing on customer experience ; ▪ Transforming ourselves for tomorow. To achieve its ambitions and better meet customer expectations and regional market s pecificities, the group adopted a new structure, moving from an organization based on two divisions (the Product Division and the Services & Solutions Division) to an organization based on three geographical areas : Europe, LAPAM (Latin America, Asia-Pacific, Africa and the Middle East) and North America. On January 1, 2026, financial performance monitoring and resource allocation by the Chief Operating Decision -Maker are fully aligned with this regional framework. The group's reportable segments now correspond to the following three operational geographical zones: ▪ Europe : include all production, marketing, and service activities associated with historical markets on the European continent and adjacent zones. It notably integrates major industrial sites as well as the integrated management of spare parts flows and associated services; ▪ North America : include all industrial, logistical, and commercial operations located in the United States and Canada, respon ding to the specificities and local regulatory requirements of the North American market; ▪ LAPAM zone: covers all industrial, logistical, and commercial operations in developing markets in South America, Africa, Asia, and Oceania. This zone is characterized by its own growth dynamics and dedicated distribution networks. These three regions design and assemble products and services, which are then distributed to the group's dealers and key acco unts spread across 140 countries. To ensure the comparability of the periods presented, segment information relating to the financial year ended December 31, 2 025, and the half-year closing of June 30, 2025, has been restated according to this new organization. The impacts of this transition are detailed i n Note 3 of the 2026 half-year report. To faithfully reflect the economic reality of the new organization, segment financial indicators are monitored as follows: Revenue and Earnings: each geographical area directly incorporates its external revenue, inter-zone sales, and current operating margin. Support function costs: global support function costs and central management costs not directly attributable to a specific zo ne are allocated to segments using analytical allocation keys. Inter-zone transactions: Cross-flows between the different geographical areas (notably the supply of machines or components produced in one zone and marketed in another) are carried out at market conditions, in compliance with the group's strict internal transfer pricing policy.
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FI NA N CI A L EX TRA CT JUN E 30, 2026 9 JUNE 2026 : in thousands of euros EUROPE NORTH AMERICA LAPAM ELIM TOTAL Net Sales 1,196,701 240,069 154,296 163,133 1,427,933 Cost of goods & services sold -980,579 -227,790 -128,563 -159,898 -1,177,026 Gross margin 216,122 12,279 25,733 3,235 250,907 R&D expenses -21,985 -4,673 -748 -6 -27,455 Selling, Marketing & Service expenses -54,501 -18,809 -16,111 -326 -89,074 Administrative expenses -31,239 -11,158 -5,541 325 -48,243 Other operating income and expenses -261 97 47 -554 467 Recurring operating profit 108,137 -22,265 3,380 2,674 86,602 JUNE 2025 : in thousands of euros EUROPE NORTH AMERICA LAPAM ELIM TOTAL Net Sales 1,026,007 261,778 169,210 182,404 1,274,591 Cost of goods & services sold -858,771 -238,081 -137,869 -181,367 -1,053,354 Gross margin 167,236 23,697 31,341 1,037 221,237 R&D expenses -20,335 -4,820 -882 -131 -25,905 Selling, Marketing & Service expenses -48,809 -20,743 -15,387 304 -85,118 Administrative expenses -29,014 -12,417 -4,892 -486 -46,229 Other operating income and expenses -162 97 406 -316 925 Recurring operating profit 68,916 -14,185 10,586 408 64,910 To accurately reflect the economic reality of the new organization, the segment financial indicators are established as follows: Revenue and Income: Each geographic region directly includes its external revenue, inter -segment sales, and recurring operating margin. Transactions between the different geographic regions (in particular, the supply of machines or components manufactured in one region and sold in another) are conducted in accordance with the Group’s internal transfer pricing policy. Support Function Costs: Costs associated with global support functions and corporate management that are not directly attributable to a specific region are allocated to segments using consistent cost-allocation keys based on each region’s actual resource consumption. NET SALES BY ACTIVITY AND GEOGRAPHICAL AREAS EUROPE NORTH AMERICA LAPAM NS INTER-REGION ELIMINATION TOTAL (in €m) H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation Machines 1,023 861 +18.9% 206 228 -9.9% 122 135 -9.7% 141 161 -12.5% 1,210 1,063 +13.8% Spare Parts & Attachments 142 138 +2.4% 32 32 -0.3% 19 21 -8.2% 20 21 -3.2% 173 171 +1.3% Services 32 27 +18.6% 2 1 +64.4% 13 13 -0.3% 2 1 +242.5% 45 40 +10.7% Total 1,197 1,026 +16.6% 240 262 -8.3% 154 169 -8.8% 163 182 -10.6% 1,428 1,275 +12.0%
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FI NA N CI A L EX TRA CT JUN E 30, 2026 10 NET SALES CONTRIBUTION BY GEOGRAPHICAL AREAS EUROPE NORTH AMERICA LAPAM TOTAL (in €m) H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation Total Net Sales 1,197 1,026 +16.6% 240 262 -8.3% 154 169 -8.8% 1,591 1,457 +9.2% Inter-Region Net Sales -130 -155 -16.2% -28 -23 +22.0% -5 -5 +15.4% -163 -182 -10.6% External Net Sales 1,067 871 +22.5% 212 239 -11.2% 149 165 -9.5% 1,428 1,275 +12.0% RECCURING OPERATING PROFIT CONTRIBUTION BY GEOGRAPHICAL AREAS EUROPE NORTH AMERICA LAPAM TOTAL (in €m) H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation H1 2026 H1 2025 Variation Total ROP 108 69 +56.9% -22 -14 +57.0% 3 11 -68.1% 89 65 +36.7% Inter-Region ROP -28 -30 -6.8% -1 -5 -86.9% -2 -4 -49.5% -3 0 +556.0% External ROP 80 38 +107.4% -23 -19 +19.6% 2 7 -78.1% 87 65 +33.4% POST-CLOSING EVENTS To the company's knowledge, there are no significant post-closing events as of the closing date of the condensed consolidated interim financial statements closed on June 30, 2026 by the Board of Directors meeting on July 30, 2026.
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FI NA N CI A L EX TRA CT JUN E 30, 2026 11 LIST OF SUBSIDIARIES AND AFFILIATES Parent company Manitou BF Ancenis, France Consolidated companies Consolidation method % interest Production companies COME S.R.L Alfonsine, Italy FC 100% easyLi Poitiers, France FC 100% LMH Solutions Beaupréau-en-Mauges, France FC 100% Manitou Equipment America LLC West Bend, Wisconsin, United States FC 100% Manitou Equipment India Greater Noida, India FC 100% Manitou Italia SRL Castelfranco Emilia, Italy FC 100% Metal Work S.R.L Forli, Italy FC 100% Distribution companies Compagnie Française de Manutention Île-de-France Jouy-le-Moutier, France FC 100% GI.ERRE SRL Castelfranco Emilia, Italy FC 100% LiftRite Hire & Sales Pty Ltd (ex. Marpoll Pty Ltd) Perth, Australia FC 100% Manitou Asia Pte Ltd Singapore FC 100% Manitou Australia Pty Ltd Lidcombe, Australia FC 100% Manitou Brasil Ltda São Paulo, Brazil FC 100% Manitou Benelux SA Perwez, Belgium FC 100% Manitou Center Madrid S.L. Madrid, Spain FC 100% Manitou Center Singapore Singapore FC 100% Manitou Centres SA Pty Ltd Johannesbourg, South Africa FC 100% Manitou Chile Las Condes, Chile FC 100% Manitou China Co Ltd Shanghai, China FC 100% Manitou Deutschland GmbH Friedrichsdorf, Germany FC 100% Manitou Global Services Ancenis, France FC 100% Manitou Interface and Logistics Europe Perwez, Belgium FC 100% Manitou Japan Co Ltd Tokyo, Japan FC 100% Manitou Malaysia MH Kuala Lumpur, Malaysia FC 100% Manitou Manutención España SL Madrid, Spain FC 100% Manitou Mexico Mexico DF, Mexico FC 100% Manitou Middle East Fze Jebel Ali, United Arab Emirates FC 100% Manitou Nordics Sia Riga, Latvia FC 100% Manitou North America LLC West Bend, Wisconsin, United States FC 100% Manitou Polska Sp Z.o.o. Raszyn, Poland FC 100% Manitou Portugal SA Villa Franca, Portugal FC 100% Manitou South Asia Pte Ltd Gurgaon, India FC 100% Manitou Southern Africa Pty Ltd Johannesbourg, South Africa FC 100% Manitou UK Ltd Verwood, United Kingdom FC 99.42% Mawsley Machinery Ltd Northampton, United Kingdom FC 100% MN-Lifttek Oy Vantaa, Finland FC 100% PT Manitou Indonesia Perkasa Jakarta, Indonesia FC 100% Associates companies Manitou Group Finance Nanterre, France EM 49% Manitou Finance Ltd Basingstoke, United Kingdom EM 49% HM Battery Solutions Le Mans, France EM 49% Other companies* Cobra MS Ancenis, France FC 100% Manitou America Holding Inc. West Bend, Wisconsin, United States FC 100% Manitou Asia Pacific Holding Singapore FC 100% Manitou Développement Ancenis, France FC 100% Manitou Holding Southern Africa Pty Ltd Johannesbourg, South Africa FC 100% Manitou PS Verwood, United Kingdom FC 100% Manitou Vostok Llc Moscou, Russia FC 100% FC : Full Consolidation EM : Equity Method *Holdings and companies without activity