Interim report
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INTERIM FINANCIAL REPORT for the period from 1 January to 30 June 2026
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Interim Financial Report 2025 2 CONTENTS A) INTERIM MANAGEMENT REPORT ...................................................................................................................................... 3 1. GROUP BUSINESS PERFORMANCE .................................................................................................................................................. 3 1.1. Business performance of AUSTRIACARD HOLDINGS Group ................................................................................................. 3 1.2. Financial position .............................................................................................................................................................. 8 1.3. Non-financial performance indicators ............................................................................................................................... 10 1.4. Dai Nippon Printing Co., Ltd. voluntary public takeover offer ............................................................................................. 10 1.5. Report on segments ....................................................................................................................................................... 11 2. SIGNIFICANT RISKS AND FUTURE DEVELOPMENT ........................................................................................................................ 17 2.1. Significant risks .............................................................................................................................................................. 17 2.2. Outlook for H2 2026 ....................................................................................................................................................... 17 B) CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS ................................................................................. 19 Consolidated statement of financial position ....................................................................................................................................... 19 Consolidated income statement ......................................................................................................................................................... 20 Consolidated statement of comprehensive income .............................................................................................................................. 21 Consolidated statement of changes in equity ...................................................................................................................................... 22 Condensed consolidated statement of cash flows ................................................................................................................................ 24 Selected explanatory notes to the condensed consolidated interim financial statements ........................................................................ 25 Basis of preparation ..................................................................................................................................................................... 25 1. Reporting entity ............................................................................................................................................................ 25 2. Basis of accounting ....................................................................................................................................................... 25 3. Consolidation range ...................................................................................................................................................... 26 4. Voluntary Takeover Offer .............................................................................................................................................. 27 Performance of the period ............................................................................................................................................................ 28 5. Segment reporting ........................................................................................................................................................ 28 Selected notes to the consolidated income statement ..................................................................................................................... 31 6. Revenues ..................................................................................................................................................................... 31 7. Income and expenses ................................................................................................................................................... 32 8. Net Finance costs .......................................................................................................................................................... 33 9. Earnings per share and number of shares ....................................................................................................................... 33 Employee Benefits ....................................................................................................................................................................... 34 10. Employee Benefits ........................................................................................................................................................ 34 Selected notes to consolidated financial statement of position ........................................................................................................ 35 11. Capital and additional paid in capital .............................................................................................................................. 35 12. Loans and Borrowings ................................................................................................................................................... 35 Financial instruments ................................................................................................................................................................... 36 13. Financial instruments – Fair values and risk management ................................................................................................ 36 Other disclosures ......................................................................................................................................................................... 37 14. Related parties.............................................................................................................................................................. 37 15. Subsequent events ........................................................................................................................................................ 37 16. Statement by the Management Board of AUSTRIACARD HOLDINGS AG pursuant to section 125 (1) of the Stock Exchange Act ....... 38
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Interim Financial Report 2026 3 A) INTERIM MANAGEMENT REPORT Amounts and percentage rates presented in this interim management report are rounded, therefore totals may not sum precisely due to rounding. 1. GROUP BUSINESS PERFORMANCE 1.1. Business performance of AUSTRIACARD HOLDINGS Group Business performance of AUSTRIACARD HOLDINGS Group as monitored by Management The following analysis is based on the business performance measures regularly monitored by Group management. Group P&L1 in € million H1 2026 H1 2025 €m chg % chg Q2 2026 Q2 2025 €m chg % chg Revenues 186.6 163.6 22.9 +14.0% 97.1 81.1 16.1 +19.8% Costs of material & mailing (100.8) (86.8) 14.1 +16.2% (54.5) (43.5) 11.1 +25.5% Gross profit I 85.7 76.9 8.9 +11.5% 42.6 37.6 5.0 +13.4% Gross profit I margin 45.9% 47.0% -1.0% 43.9% 46.4% -2.5% Production costs (43.8) (40.1) 3.7 +9.3% (22.3) (20.4) 1.9 +9.3% Gross profit II 41.9 36.8 5.1 +13.9% 20.4 17.2 3.1 +18.1% Gross profit II margin 22.4% 22.5% 0.0% 21.0% 21.3% -0.3% Other income 2.9 2.5 0.4 +16.9% 1.8 1.3 0.6 +43.3% Selling and distribution expenses (12.5) (11.1) 1.4 +12.6% (6.6) (5.6) 0.9 +16.9% Administrative expenses (16.7) (14.7) 2.1 +14.1% (9.5) (7.6) 2.0 +26.1% Research and development expenses (5.1) (4.6) 0.5 +10.8% (2.6) (2.2) 0.3 +15.6% Other expenses (0.6) (0.8) (0.2) -29.9% (0.3) (0.7) (0.4) -57.7% + Depreciation, amortization and impairment 9.5 9.6 (0.1) -0.7% 4.7 4.8 (0.1) -2.9% EBITDA 19.4 17.7 1.8 +9.9% 7.9 7.3 0.6 +8.9% EBITDA margin 10.4% 10.8% -0.4% 8.2% 9.0% -0.8% - Depreciation, amortization and impairment (9.5) (9.6) (0.1) -0.7% (4.7) (4.8) (0.1) -2.9% EBIT 9.9 8.1 1.8 +22.5% 3.2 2.5 0.8 +32.0% EBIT margin 5.3% 4.9% +0.4% 3.3% 3.0% +0.3% Financial income 0.3 0.2 0.0 +17.2% 0.1 0.1 0.0 +57.5% Financial expenses (4.5) (4.5) (0.1) -1.2% (2.8) (2.2) 0.6 +27.1% Result from associated companies 2.2 0.1 2.1 n/m 2.0 0.1 1.9 n/m Net finance costs (2.1) (4.3) (2.2) -51.2% (0.7) (2.0) (1.3) -65.1% Profit (Loss) before tax 7.8 3.8 4.0 +104.1% 2.5 0.4 2.1 +512.8% Income tax expense (2.0) (1.4) 0.6 +47.4% (0.8) (0.5) 0.3 +68.4% Profit (Loss) 5.8 2.5 3.3 +135.2% 1.7 (0.1) 1.8 n/m 1 Since 2026, the analysis no longer presents Special Items separately. Special Items previously included, among others, effects from Management participation programs, foreign exchange and other valuation related effects below adjusted Profit (Loss) before tax. Previous year figures were adapted accordingly.
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Interim Financial Report 2026 4 Group Revenues increased 14.0% vs. H1 2025 to €186.6m, on the back of the following key drivers: Accelerated implementation of large-scale, public sector digitization projects in Greece generating approx. € 13.6m additional revenue in Digital Technologies in the CEE segment. Strong growth in Payment solutions in the WEST segment (approx. €14m additional revenue) on the back of UK and US-based Fintech clients as well as in Identity solutions in the MEA segment (approx. €5m additional revenue). From a geographic segment perspective, solid revenue growth was reported across all 3 segments, with MEA (approx. +26%) and WEST (approx. +23%) the clear outperformers. Worth highlighting that the annual revenue growth in Q2 2026 across all 3 regional segments has accelerated pace compared to Q1 2026. Revenues by Segment in € million H1 2026 H1 2025 €m chg % chg Central Eastern Europe & DACH (CEE) 111.5 104.0 7.5 +7.2% Western Europe, Nordics, Americas (WEST) 67.3 54.7 12.6 +23.0% Türkiye / Middle East and Africa (MEA) 20.5 16.3 4.2 +25.9% Eliminations & Corporate (12.7) (11.3) 1.4 +11.0% Total 186.6 163.6 22.9 +14.0% in € million Q2 2026 Q2 2025 €m chg % chg Central Eastern Europe & DACH (CEE) 58.0 52.3 5.7 +10.8% Western Europe, Nordics, Americas (WEST) 32.7 26.0 6.7 +25.6% Türkiye / Middle East and Africa (MEA) 12.7 8.7 4.0 +45.4% Eliminations & Corporate (6.2) (6.0) 0.2 +3.3% Total 97.1 81.1 16.1 +19.8% Central Eastern Europe & DACH (CEE) Revenues in the segment increased by €7.5m or 7.2% vs. H1 2025 to €111.5m, with Digital Technologies (+91.5% to €28.3m) the single largest revenue growth driver in the CEE segment, anchored by the accelerated implementation of large-scale, public sector digitization projects in Greece (€13.6m additional revenue). On the other hand, the unfavourable base effect in H1 2025 related to card renewals in the Romanian banking market as well as to the e-health-cards in Austria more than offset a relatively solid performance in Payment solutions. That said, revenues of Identity & Payment solutions declined by 2.5% vs. H1 2025. Moreover, Document Lifecycle Management revenues (-11.1% vs. H1 2025) were adversely impacted by the continued secular volume contraction with postal and printing business in Romania and Greece, in the context of the broader trends of digitization of client communication. Western Europe, Nordics, Americas (WEST) Revenues in the segment posted another strong performance, growing by €12.6m or 23.0% vs. H1 2025 to €67.3m, anchored by sustained strong growth in Payment solutions (+23.1% vs. H1 2025), on the back of the growing business with UK and US-based Fintech clients. Worth highlighting the continued strong performance of the segment’s US operations (€3.9m additional revenue or +35.2% vs. H1 2025) with distribution services of personalized cards (fulfilment), metal cards and card personalization being the key drivers. Similarly, the segment’s UK-based customers delivered another strong performance growing by €9.4m or 36.2% vs. H1 2025, supported by strong growth in Payment solutions, reflecting the Group’s successful strategy to focus on the fast-growing segments of Fintech and Neobanks.
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Interim Financial Report 2026 5 Türkiye, Middle East and Africa (MEA) Revenues in this segment increased by €4.2m or 25.9% vs. H1 2025 to €20.5m, driven by (i) Identity solutions (approx. €5m revenue contribution vs. H1 2025), reflecting the Group’s successful business development in offering citizen authentication solutions in various jurisdictions, (ii) Document Lifecycle Management (€0.6m revenue increase vs. H1 2025), particularly on account of a secure document printing order related to a national elections project in an East African country and (iii) Digital Technologies (€0.5m revenue increase vs. H1 2025), thanks to a first large-scale order for the implementation of the GaiaB™ Appliance in the UAE. The growth in the aforesaid solutions more than offset headwinds related to the continued normalization of the Turkish payment card market (€1.5m revenue decline vs. H1 2025). These headwinds are associated with the persistent macroeconomic volatility and uncertainty, together with cyclicality and continued normalization in customer stock levels, following high levels of paid stock after several years of substantial growth. Revenues by Solution2 in € million H1 2026 H1 2025 €m chg % chg Identity & Payment 117.6 104.1 13.4 +12.9% Document Lifecycle Management 39.8 44.4 (4.5) -10.2% Digital Technologies 29.1 15.1 14.0 +92.9% Total 186.6 163.6 22.9 +14.0% in € million Q2 2026 Q2 2025 €m chg % chg Identity & Payment 61.0 51.4 9.6 +18.8% Document Lifecycle Management 20.2 21.8 (1.6) -7.4% Digital Technologies 15.9 7.9 8.0 +101.8% Total 97.1 81.1 16.1 +19.8% Identity & Payment Revenues reported a robust €13.4m or 12.9% increase vs. H1 2025 to €117.6m, supported by solid growth on both pillars. Payment solutions revenues increased by €11.2m or 11.5% vs. H1 2025, on the back of: Solid revenue growth across card issuance and personalization as well as in distribution services of personalized cards (fulfilment). The Group’s total volume of sold cards increased 14.4% vs. H1 2025 to a total of 63.7m cards. The WEST segment was the key growth driver (+23.0% vs. H1 2025) on the back of UK and US-based Fintech clients, more than offsetting headwinds in MEA, related to the ongoing normalization of the Turkish payment card market, and in CEE (-3.2% vs. H1 2025), due to the unfavourable base effect in H1 2025 from card renewals in the Romanian banking market and e-health cards in Austria. Identity solutions revenues increased by €2.3m or 32.6% vs. H1 2025, reflecting the Group’s successful business development in offering citizen authentication solutions in various jurisdictions of the MEA segment. 2 From Q1 2026 onwards revenues associated with Identity & Payment solutions include revenues related to the distribution services of personalized cards (fulfilment), which were previously classified within Document Lifecycle Management. Comparatives have been adjusted accordingly.
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Interim Financial Report 2026 6 Document Lifecycle Management Revenues registered a €4.5m or 10.2% decline vs. H1 2025 to €39.8m, as the Group’s revenues were adversely impacted by the continued secular volume contraction with postal and printing business in Romania and Greece since corporate and institutional clients continue the migration of transactional communications (e.g. statements, bills etc) to electronic delivery channels. Nevertheless, revenues related to document output (printing and security printing) in the MEA segment increased by €0.6m, reflecting the Group’s successful business development strategy of pursuing targeted initiatives and opportunities in complex digital secure printing initiatives for public administrations in select African markets. Digital Technologies Revenues almost doubled vs. H1 2025 to €29.1m, largely on account of the implementation of large-scale public sector digitization projects in Greece generating €13.6m incremental revenues vs. H1 2025, reaching €20.5m in total. Furthermore, the roll-out of the Group’s proprietary AI solution for the automation of business processes and operations, GaiaB™ Appliance, is gaining initial traction. The Group announced in April 2026 the formation of a strategic alliance with MDS SI Technology & Security Solutions (MDS SI TSS), a subsidiary of the MDS SI Group, the preeminent technological leader across the Middle East, Eastern Europe and Africa. MDS SI TSS will assume the pivotal role of Value-Added Reseller and Systems Integrator for the GaiaB™ Appliance in the United Arab Emirates (UAE). As part of this strategic alliance, a first large-scale order for the implementation of the GaiaB™ Appliance in the UAE was received generating €0.6m in H1 2026. Group Gross Profit in € million H1 2026 H1 2025 €m chg % chg Gross profit I 85.7 76.9 8.9 +11.5% Gross profit I margin 45.9% 47.0% -1.0% Gross profit II 41.9 36.8 5.1 +13.9% Gross profit II margin 22.4% 22.5% 0.0% Gross profit I increased by €8.9m or 11.5% vs. H1 2025, supported by revenue growth (+14.0% vs. H1 2025). The Gross Profit I margin contracted by 1 percentage point to 45.9%, burdened by outsourcing costs for the accelerated implementation of large-scale, public sector digitization projects in Greece and margin pressure in Document Lifecycle solutions, especially in the Romanian market. Gross profit II increased 13.9% vs. H1 2025, in-line with revenue growth, as economies of scale in production compensated for the Gross profit margin I contraction. Thus, Gross profit II margin remained virtually unchanged at 22.4%. Group Operating Expenses (OPEX) in € million H1 2026 H1 2025 €m chg % chg Production costs (43.8) (40.1) 3.7 +9.3% Selling and distribution expenses (12.5) (11.1) 1.4 +12.6% Administrative expenses (16.7) (14.7) 2.1 +14.1% R&D expenses (5.1) (4.6) 0.5 +10.8% + Depreciation, amortization & impairment 9.5 9.6 (0.1) -0.7% Total (68.6) (60.8) 7.8 +12.8% as % of Revenues 36.8% 37.2%
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Interim Financial Report 2026 7 Group OPEX (excluding depreciation, amortization & impairment) increased by €7.8m or 12.8% vs. H1 2025 to €68.6m. The OPEX increase is attributed to higher production costs (+€3.7m vs. H1 2025) related to the increase in business activity in the West and in Digital Technologies in CEE segment as well as to higher Selling, Admin and R&D expenses (€4.0m increase) related to (a) the continued strengthening of the Group management, sales and R&D teams to promote growth, business excellence and development of new products and solutions and (b) an increase in costs of approx. €1m associated with the settlement of the legacy management participation program, LTI plan valuation effects and the ongoing voluntary takeover offer from DNP (see paragraph 1.4 of this document). Group Operating Profitability in € million H1 2026 H1 2025 €m chg % chg EBITDA 19.4 17.7 1.8 +9.9% EBITDA margin 10.4% 10.8% -0.4% EBIT 9.9 8.1 1.8 +22.5% EBIT margin 5.3% 4.9% +0.4% Group EBITDA increased €1.8m or 9.9% vs. H1 2025 to €19.4m with the Group EBITDA margin contracting by 0.4 percentage points to 10.4%. Excluding any costs related to the accounting effects of the legacy management participation program and LTI plan as well as those associated with the DNP voluntary takeover offer, Group EBITDA amounted to €21.9m vs. a like-for-like H1 2025 EBITDA of €19.3m, an increase of 13.8% vs. H1 2025, which is in line with reported revenue growth. Group EBIT increased by €1.8m or 22.5% vs. H1 2025 to €9.9m, driven by EBITDA growth and marginally lower depreciation & amortization expenses (-0.7% vs. H1 2025). Group EBIT margin widened by 0.4 percentage points to 5.3%. Group Net Results in € million H1 2026 H1 2025 €m chg % chg Profit/(Loss) before tax 7.8 3.8 4.0 +104.1% Profit/(Loss) 5.8 2.5 3.3 +135.2% Profit/(Loss) attributable to Company Owners 5.0 1.4 3.7 +270.7% EPS (basic) (€) 0.14 0.04 +269.5% Group Net Profit more than doubled vs. H1 2025 to €5.8m, an icrease of €3.3m vs. H1 2025, supported by EBIT growth and a one-off €2.2m gain related to the sale of a 25% minority stake in SEGLAN S.L. Net financial expenses excluding the Result from associated companies decreased by €0.1m as lower interest expenses (€0.3m) were partially offset by higher foreign exchange losses due to the RON devaluation.
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Interim Financial Report 2026 8 1.2. Financial position Statement of financial position in € million 30/06/2026 31/12/2025 €m chg % chg Non-current assets 161.4 159.0 2.4 +1.5% Current assets 186.8 168.7 18.1 +10.7% Total Assets 348.2 327.8 20.4 +6.2% Total Equity 130.7 135.9 (5.3) -3.9% Non-current liabilities 114.6 106.8 7.8 +7.3% Current Liabilities 102.9 85.0 17.9 +21.0% Total Equity and Liabilities 348.2 327.8 20.4 +6.2% Total Assets as of 30/06/2026 reached €348.2m, a €20.4m or 6.2% increase vs. 31/12/2025. Non-current assets marginally increased by €2.4m vs. 31/12/2025 to €161.4m. Current assets increased by €18.1m vs. 31/12/2025 to €186.8m, largely on account of higher Contract assets and Trade & Other Receivables. Contract assets increased due to the public sector digitization projects in Greece and the Identity & Payment contract assets in CEE and MEA. Trade receivables increased on the back of invoicing Greek public sector digitization projects and Identity solutions projects in MEA. The increase in other receivables is largely attributed to VAT claims and deferred expenses. Total Liabilities as of 30/06/2026 reached €217.5m, a 13.4% increase vs. 31/12/2025. Non-current liabilities increased by approximately €7.8m vs. 31/12/2025 to €114.6m, primarily on account of an increased utilization of available credit facilities. Current liabilities increased by approximately €17.9m vs. 31/12/2025 to €102.9m, due to a reclassification of reserves amounting to €8.6m from equity to other payables associated with the settlement of the legacy management participation program as well as due to increased trade payables. Net Working Capital in € million 30/06/2026 31/12/2025 €m chg % chg Inventories 64.2 67.1 (2.9) -4.3% Contract assets 38.1 28.8 9.2 +32.0% Current income tax assets 1.3 0.8 0.5 +63.5% Trade receivables 50.2 37.9 12.3 +32.3% Other receivables 23.1 9.0 14.1 +157.5% Assets 176.8 143.6 33.2 +23.1% Current income tax liabilities (3.9) (3.0) 0.9 +28.8% Trade payables (48.5) (41.1) 7.3 +17.8% Other payables (25.5) (17.8) 7.8 +43.7% Contract liabilities (8.9) (6.3) 2.7 +42.6% Deferred income (0.8) (1.2) (0.4) -35.2% Liabilities (87.6) (69.4) 18.2 +26.2% Net Working Capital 89.2 74.2 15.0 +20.2% % of Revenues (12 months rolling) 23.3% 20.6%
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Interim Financial Report 2026 9 Net Working Capital: As a result of the abovementioned growth factors for current assets and liabilities, Net working capital increased by €15.0m vs. 31/12/2025 (+20.2%) to €89.2m, equivalent to 23.3% of revenues on a 12-month rolling basis compared to 20.6% as of 31/12/2025. Net Debt in € million 30/06/2026 31/12/2025 €m chg % chg Cash and cash equivalents (A) 10.0 25.1 (15.1) -60.1% Loans and borrowings (B) 113.9 106.8 7.2 +6.7% Net Debt (B) – (A) 103.9 81.6 22.3 +27.3% Group Net Debt increased by €22.3m vs. 31/12/2025 to €103.9m, as the aforesaid seasonal working capital increase is being funded by a combination of cash and debt. Group Leverage (Net Debt / EBITDA) reached 2.1x vs. 1.7x in FY2025 as a result of the increase in Net Debt. Total Equity as of 30/06/2026 amounted to €130.7m, a €5.3m decline vs. 31/12/2025 (-3.9%), on account of the aforesaid €8.6m reclassification of reserves related to the legacy management participation program from equity (other reserves) to other payables in current liabilities, which more than offset the net profit generation in the period. This reclassification of equity reserves to other payables relates to the decision taken during H1 2026 to settle the management participation program 2022-2025 – previously classified and accounted as an equity-settled program – partially in equity by transfer of treasury shares to four beneficiaries, who are still actively working for the Group, and partially in cash. For all other beneficiaries the management participation program will be settled in cash. The remaining outstanding amount due in connection with the settlement of this management participation program amounts to €8.6m and is classified in other payables. Financial Position | Key Metrics 30/06/2026 31/12/2025 30/06/2025 Total Equity / Total Assets (Equity Ratio) 37.5% 41.5% 38.5% Net Debt / EBITDA (12 months rolling) (x) 2.1 1.7 2.3 The Group’s Equity Ratio (Total Equity divided by Total Assets) as of 30/06/2026 reached 37.5%, from 41.5% on 31/12/2025, due to the decrease in Equity. Statement of cash flows in € million H1 2026 H1 2025 €m chg % chg Cash flows from operating activities (9.3) 10.4 (19.7) n/m Cash flows from investing activities (7.7) (5.5) 2.2 +39.6% Cash flows from financing activities 2.1 (9.2) 11.2 n/m Net increase/(decrease) in cash and cash equivalents (15.0) (4.3) (10.7) n/m Capital expenditure (CAPEX) incl. Right-of-use assets, excl. M&A (12.3) (7.9) (4.4) 55.8% Cash flows from operating activities resulted in €9.3m net outflow, burdened by a sizeable increase in cash flow changes in working capital (€26m cash consumption in H1 2026 vs. €7m in H1 2025). Additionally, the pay- out for the first cash settlement of the management participation program 2022-2025 amounted to €2.6m, which further burdened the Operating Cash Flow in H1 2026.
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Interim Financial Report 2026 10 Cash flows from investing activities resulted in €7.7m net outflow, a 39.6% increase vs. H1 2025, incorporating: €2.6m total proceeds (stake sale and dividend received) related to the minority stake sale in SEGLAN S.L. €6.7m investments in PP&E, associated with investments in additional machinery for the delivery of large- scale secure printing projects in MEA as well as to the 2nd personalization center in the US (Salt Lake City, Utah), both related to CAPEX needs to support growth. €3.8m investments for in-house software development, aimed at enhancing the Payment (ACOS and personalization systems) and Digital Technologies solutions (GaiaB, CaaS, data capture platform). The Group’s total CAPEX (including Right-of-Use assets) in H1 2026 reached €12.3m (+55.8% vs. H1 2025). Cash flows from financing activities resulted in €2.1m net inflow, incorporating mainly €13.3m in loan drawdowns, which more than offset repayments for both loans and finance leases totaling €8.0m and interest expenses (€3.1m). 1.3. Non-financial performance indicators Non-Financial Performance Indicators H1 2026 H1 2025 chg % chg Number of sold cards (million) 63.7 55.7 8.0 +14.4% Average number of employees (FTE) 2,165 2,115 49 +2.3% Group Headcount (end-of-period) 2,536 2,379 157 +6.6% 1.4. Dai Nippon Printing Co., Ltd. voluntary public takeover offer On 13 May 2026, Dai Nippon Printing Co., Ltd. ("DNP") announced its intention to launch a voluntary public takeover offer for all outstanding shares of AUSTRIACARD HOLDINGS AG (the “Offer”) at a cash consideration of € 10.00 per share. The Offer Document was published on 12 June 2026, while on 19 June 2026, the Management Board and Supervisory Board published their reasoned statements and recommended that the Company’s shareholders accept the Offer. On 21 August 2026 the Company received a notification pursuant to Sec. 130 to 134 BörseG 2018 from DNP according to which DNP’s participation in voting rights through financial/other instruments of the Company reached 35,006,835 voting rights representing 96.29% of total voting rights on 20 August 2026. At the date of this report, the results of the takeover offer have not yet been announced. The takeover offer is subject to conditions precedent as provided in the Offer document. Therefore, at the date of this report, the Offer has not become unconditionally binding.
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Interim Financial Report 2026 11 1.5. Report on segments 1.5.1. Central Eastern Europe & DACH (CEE) Segment performance in € million H1 2026 H1 2025 €m chg % chg Revenues 111.5 104.0 7.5 +7.3% Costs of material & mailing (64.1) (56.2) 7.8 +13.9% Gross profit I 47.4 47.7 (0.3) -0.6% Gross profit I margin 42.6% 45.9% -3.4% Production costs (26.3) (25.1) 1.2 +4.7% Gross profit II 21.1 22.6 (1.5) -6.4% Gross profit II margin 19.0% 21.7% -2.8% Other income 2.4 2.4 0.0 0.2% Selling and distribution expenses (6.6) (6.3) 0.2 +3.8% Administrative expenses (8.7) (8.3) 0.4 +4.9% R&D expenses (4.1) (3.9) 0.2 +5.0% Other expenses (0.3) (0.7) (0.4) -61.7% + Depreciation, amortization & impairment 5.8 5.8 0.0 0% EBITDA 9.8 11.6 (1.8) -15.6% EBITDA margin 8.8% 11.2% -2.4% - Depreciation, amortization & impairment (5.8) (5.8) 0.0 0% EBIT 4.0 5.8 (1.8) -31.6% EBIT margin 3.6% 5.6% -2.0% Revenues in the segment increased by €7.5m or 7.3% vs. H1 2025 to €111.5m, with Digital Technologies (+91.5% vs. H1 2025 to €28.3m) the single largest revenue growth driver in the CEE segment, anchored by the accelerated implementation of large-scale, public sector digitization projects in Greece (€13.6m additional revenue). On the other hand, the unfavourable base effect in H1 2025 related to card renewals in the Romanian banking market as well as the e-health-cards in Austria, more than offset a relatively solid performance in Payment solutions. That said, revenues of Identity & Payment solutions declined by €1.1m or 2.5% vs. H1 2025. Moreover, Document Lifecycle Management revenues (€4.9m revenue decline or -11.1% vs. H1 2025) were adversely impacted by the continued secular volume contraction with postal and printing business in Romania and Greece, in the context of the broader trends of digitization of client communication. Identity & Payment solutions accounted for 39.3% of CEE segment total revenues (€43.8m revenues) followed closely by Document Lifecycle Management (€39.3m revenues or 35.3% of CEE segment total). The aforesaid strong growth in Digital Technologies has increased its share to 25.4% of CEE segment total (vs. 14.2% in H1 2025). Gross Profit I marginally declined – despite the overall strong revenue increase – by €0.3m or 0.6% vs. H1 2025, to € 47.4m. The marginal decline is mainly attributed to outsourcing costs for the accelerated implementation of large-scale, public sector digitization projects in Greece as well as margin pressure in Document Lifecycle solutions, especially in the Romanian market, which offset revenue growth. Gross Profit I margin thus contracted by 3.4 percentage points to 42.6% in H1 2026. Gross Profit II declined by €1.5m or 6.4% vs. H1 2025 to €21.1m, mainly as a result of higher production costs related to the implementation of public digitization projects in Greece. That said the Gross Profit II margin contracted by 2.8 percentage points to 19.0% in H1 2026.
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Interim Financial Report 2026 12 Operating expenses (OPEX) excl. depreciation, amortization & impairment in € million H1 2026 H1 2025 €m chg % chg Production costs (26.3) (25.1) 1.2 +4.7% Selling and distribution expenses (6.6) (6.3) 0.2 +3.8% Administrative expenses (8.7) (8.3) 0.4 +4.9% R&D expenses (4.1) (3.9) 0.2 +5.0% + Depreciation, amortization & impairment 5.8 5.8 0.0 0.4% Total (39.8) (37.8) 2.0 +5.2% as % of Revenues 35.7% 36.3% Operating Expenses (OPEX) (excluding depreciation, amortization & impairment) increased by 5.2% vs. H1 2025 to €39.8m, largely driven by the aforesaid higher production costs and higher Selling, Admin and R&D expenses related to the continued strengthening of the Group management, sales and R&D teams. Higher R&D expenses reflect the Group’s continued investment in R&D capabilities to support future business growth, especially in Digital Technologies solutions. EBITDA of €9.8m, declined by €1.8m or 15.6% vs. H1 2025, mainly due to a reduction in Gross Profit II. That said the EBITDA margin contracted by 2.4 percentage points to 8.8%. EBIT declined by €1.8m or 31.6% vs. H1 2025 to €4.0m, reflecting the EBITDA reduction, with the EBIT margin contracting by 2 percentage points to 3.6%.
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Interim Financial Report 2026 13 1.5.2. Western Europe, Nordics, Americas (WEST) Segment performance in € million H1 2026 H1 2025 €m chg % chg Revenues 67.3 54.7 12.6 +23.0% Costs of material & mailing (34.8) (29.5) 5.3 +17.8% Gross profit I 32.5 25.2 7.3 +29.0% Gross profit I margin 48.3% 46.0% +2.3% Production costs (13.7) (12.0) 1.8 +14.8% Gross profit II 18.7 13.2 5.5 +41.9% Gross profit II margin 27.9% 24.1% +3.7% Other income 0.4 0.0 0.4 n/m Selling and distribution expenses (4.9) (4.1) 0.8 +20.0% Administrative expenses (4.8) (4.0) 0.8 +21.2% R&D expenses (0.3) (0.3) (0.0) -6.6% Other expenses (0.3) (0.1) 0.2 n/m + Depreciation, amortization & impairment 3.3 3.4 (0.1) -3.3% EBITDA 12.1 8.2 3.9 +48.1% EBITDA margin 18.0% 15.0% +3.0% - Depreciation, amortization & impairment (3.3) (3.4) (0.1) -3.3% EBIT 8.9 4.8 4.1 +83.9% EBIT margin 13.2% 8.8% +4.4% Revenues in the segment posted another strong performance, growing by €12.6m or 23.0% vs. H1 2025 to €67.3m, anchored by sustained strong growth in Payment solutions (+23.1% vs. H1 2025), on the back of the growing business with UK and US-based Fintech clients. Worth highlighting the continued strong performance of the segment’s US operations (€3.9m additional revenues, or +35.2% vs. H1 2025) with distribution services of personalized cards (fulfilment), metal cards and card personalization the key growth drivers. Similarly, the segment’s UK-based customers delivered another strong performance, with revenues growing by €9.5m or 36.8% vs. H1 2025, supported by strong growth in Payment solutions, reflecting the Group’s successful strategy to focus on the fast-growing segments of Fintech and Neobanks. Gross Profit I increased by €7.3m or 29.0% to € 32.5m as a result of revenue growth. Gross Profit I margin increased by 2.3 percentage points to 48.3% in H1 2026 supported by a more favourable revenue mix towards higher-margin services and solutions (contribution of personalization and fulfilment services). Gross Profit II increased by €5.5m or 41.9% vs. H1 2025 to €18.7m, driven by the aforesaid Gross Profit I growth, economies of scale and cost control with respect to production expenses. Gross Profit II margin thus expanded by 3.7 percentage points to 27.9%.
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Interim Financial Report 2026 14 Operating expenses (OPEX) excl. depreciation, amortization & impairment in € million H1 2026 H1 2025 €m chg % chg Production costs (13.7) (12.0) 1.8 +14.8% Selling and distribution expenses (4.9) (4.1) 0.8 +20.0% Administrative expenses (4.8) (4.0) 0.8 +21.2% R&D expenses (0.3) (0.3) 0.0 -6.6% + Depreciation, amortization & impairment 3.3 3.4 (0.1) -3.3% Total (20.5) (16.9) 3.5 +20.8% as % of Revenues 30.4% 31.0% Operating Expenses (OPEX) (excluding depreciation, amortization & impairment) increased by 20.8% vs. H1 2025 to €20.5m, driven by higher production costs and SG&A expenses (includes both Selling and distribution, and Administrative expenses) both reflecting the continued business expansion, particularly in the US. EBITDA increased by €3.9m or 48.1% vs. H1 2025 to €12.1m, with the EBITDA margin expanding by 3.0 percentage points to 18.0%, supported by a profitable revenue growth and economies of scale. EBIT improved by €4.1m or 83.9% vs. H1 2025 to €8.9m, driven by the EBITDA growth as well as by a marginal reduction in depreciation and amortization expenses. The EBIT margin expanded by 4.4 percentage points to 13.2%.
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Interim Financial Report 2026 15 1.5.3. Türkiye, Middle East and Africa (MEA) Segment performance in € million H1 2026 H1 2025 €m chg % chg Revenues 20.5 16.3 4.2 +25.9% Costs of material & mailing (13.5) (11.7) 1.9 +16.1% Gross profit I 7.0 4.7 2.4 +50.6% Gross profit I margin 34.1% 28.5% +5.6% Production costs (3.8) (3.0) 0.8 +27.1% Gross profit II 3.2 1.7 1.5 +93.2% Gross profit II margin 15.6% 10.1% +5.4% Other income 0.0 0.0 0.0 n/m Selling and distribution expenses (1.0) (0.7) 0.3 +44.4% Administrative expenses (1.1) (0.5) 0.6 +109.7% R&D expenses (0.4) (0.3) 0.1 +22.0% Other expenses (0.0) (0.0) (0.0) -4.1% + Depreciation, amortization & impairment 0.4 0.4 0.0 +2.2% EBITDA 1.1 0.5 0.6 +124.1% EBITDA margin 5.5% 3.1% +2.4% - Depreciation, amortization & impairment (0.4) (0.4) 0.0 +2.2% EBIT 0.7 0.1 0.6 +533.6% EBIT margin 3.5% 0.7% +2.8% Revenues in this segment increased by €4.2m or 25.9% vs. H1 2025 to €20.5m, driven by (i) Identity solutions (approx. €5m revenue contribution vs. H1 2025), reflecting the Group’s successful business development in offering citizen authentication solutions in various jurisdictions, (ii) Document Lifecycle Management (€0.6m additional revenue vs. H1 2025), particularly on account of a secure document printing order related to a national elections project in an East African country and (iii) Digital Technologies (€0.5m additional revenue vs. H1 2025), thanks to a first large-scale order for the implementation of the GaiaB™ Appliance in the UAE. The growth in the aforesaid solutions more than offset headwinds related to the continued normalization of the Turkish payment card market (€1.5m revenue decline vs. H1 2025). These headwinds are associated with the persistent macroeconomic volatility and uncertainty, together with cyclicality and continued normalization in customer stock levels, following high levels of paid stock after several years of substantial growth. Gross Profit I increased by €2.4m or 50.6% to €7.0m as a result of revenue growth. Gross Profit I margin increased by 5.6 percentage points to 34.1% in H1 2026 supported by a more favourable revenue mix towards higher-margin secure document printing projects and holistic citizen identity solutions, which carry relatively lower material costs. Gross Profit II increased by €1.5m or 93.2% vs. H1 2025 to €3.2m, anchored by the strong Gross Profit I growth which was partially compensated by an increase in production-related personnel and transportation expenses. Thus Gross Profit II margin widened by 5.4 percentage points to 15.6%.
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Interim Financial Report 2026 16 Operating expenses (OPEX) excl. depreciation, amortization & impairment in € million H1 2026 H1 2025 €m chg % chg Production costs (3.8) (3.0) 0.8 +27.1% Selling and distribution expenses (1.0) (0.7) 0.3 +44.4% Administrative expenses (1.1) (0.5) 0.6 +119.7% R&D expenses (0.4) (0.3) 0.1 +22.0% + Depreciation, amortization & impairment 0.4 0.4 0.0 +2.2% Total (5.9) (4.1) 1.7 +41.9% as % of Revenues 28.6% 25.4% Operating Expenses (OPEX) (excluding depreciation, amortization & impairment) increased by €1.7m or 41.9% vs. H1 2025 to €5.9m, largely on account of the aforementioned increase in production costs as well as to higher SG&A expenses on the back of the Group’s expanding presence in the MEA region. EBITDA more than doubled vs. H1 2025 to €1.1m, an increase of €0.6m, supported by strong revenue growth and a more favourable revenue mix towards higher-margin secure document printing projects and holistic citizen identity solutions, with the EBITDA margin expanding by 2.4 percentage points to 5.5%. EBIT amounted to €0.7m, mirroring the sizeable EBITDA growth, with the EBIT margin expanding by 2.8 percentage points to 3.5%.
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Interim Financial Report 2026 17 2. SIGNIFICANT RISKS AND FUTURE DEVELOPMENT 2.1. Significant risks There were no material differences in the categories of risk exposure in the course of the first half of the financial year 2026 and we do not foresee any material differences with regards to risk exposure for the second half of 2026 compared to those described in detail in section 4, “STRATEGY, OUTLOOK AND RISKS”, of the Group management report of the 2025 consolidated financial statements. Anticipating that the voluntary takeover offer by DNP will be successful, the Company has submitted a waiver request to the banking consortium led by UniCredit, regarding the change-of-control provisions included in the Group’s €186.6m senior facilities agreement (SFA), which represents the Group’s principal financing arrangement. The requested waiver was accepted and countersigned by the banking consortium on 6 August 2026 but is subject to the completion of the lenders’ KYC/AML procedures with respect to DNP. As of the date of this report, these KYC/AML procedures have not yet been completed. Accordingly, while no valid waiver has been obtained to date, there is currently no assurance that all conditions required for the waiver will be satisfied prior to completion of the voluntary takeover offer. As a consequence, there is a risk that the completion of the takeover offer could result in a change-of-control event under the SFA. Still, management does not expect that all or individual members of the banking consortium will call due their participations in the SFA. 2.2. Outlook for H2 2026 Management remains focused on execution in the second half of 2026, supported by a strong order backlog and sustained demand across the Group's core businesses. For the full year 2026, Management revises upward its Group Revenue growth target vs. 2025 to low-double- digit, from the high-single-digit growth target communicated at the beginning of the year. Revenue growth in the second half of 2026 is expected to be primarily driven by sustained solid growth from Fintech customers in both Western Europe and the United States, as well as by secure document printing orders and Identity solutions in Africa. For the full year 2026, management now expects Group EBITDA margin to contract vs. 2025, compared to the margin expansion it had previously anticipated at the beginning of the year. This projection is associated with, on the one hand, margin pressure in Document Lifecycle Management solutions in CEE and to lower average selling prices for banking cards in CEE and Türkiye, amid heightened market competition and persistent macroeconomic volatility and uncertainty. On the other hand, the Group’s full year 2026 EBITDA is expected to be burdened by additional non-budgeted costs, currently estimated at approx. €6m in total, associated with the DNP takeover offer, the resulting change-of-control event as well as the settlement of the legacy management participation program 2022–2025. Based on the aforesaid factors, Management currently expects Group reported EBITDA for the full year 2026 to marginally decline vx. 2025, despite the anticipated low double-digit revenue growth.
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Interim Financial Report 2026 18 Management currently expects full year 2026 Group Operating Cash Flow to remain in total broadly unchanged compared to full year 2025. This reflects a projected significant underlying working capital improvement in the second half of the year — supported by the gradual conversion of contract assets into billings and cash collection linked to the public sector digitization projects in Greece, continued inventory decline, the anticipated positive results from the Group's renegotiation of its contractual purchasing obligations with key suppliers in summer 2025, and the collection of VAT claims — which are expected to be largely offset by the cash settlement of the legacy management participation plan and the aforementioned DNP takeover offer related expenses. Vienna, 25 August 2026 Emmanouil Kontos mp Chairman of the Management Board Mohamed Chemloul mp Jon Neeraas mp Vice Chairman of the Management Board Member of the Management Board Burak Bilge mp Markus Kirchmayr mp Member of the Management Board Member of the Management Board
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Interim Financial Report 2026 19 B) CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of financial position in € thousand Note 30 June 2026 31 December 2025 Assets Property, plant and equipment and right of use assets 98,144 96,022 Intangible assets and goodwill 57,859 57,609 Equity-accounted investees 0 423 Other receivables 1,081 1,098 Deferred tax assets 4,294 3,865 Non-current assets 161,378 159,016 Inventories 64,212 67,124 Contract assets 38,060 28,824 Current income tax assets 1,260 771 Trade receivables 50,191 37,930 Other receivables 23,069 8,959 Cash and cash equivalents 10,027 25,139 Current assets 186,818 168,748 Total assets 348,196 327,764 Equity Share capital 36,354 36,354 Share premium 32,749 32,749 Own shares 11 0 (2,584) Other reserves 11 2,011 18,232 Retained earnings 11 55,330 47,512 Equity attributable to owners of the Company 126,444 132,263 Non-controlling interests 11 4,226 3,671 Total Equity 130,670 135,934 Liabilities Loans and borrowings 13 98,616 91,117 Employee benefits 4,296 3,612 Other payables 1,471 1,573 Deferred tax liabilities 10,258 10,505 Non-current liabilities 114,640 106,807 Current tax liabilities 3,879 3,012 Loans and borrowings 13 15,308 15,644 Trade payables 48,461 41,124 Other payables 25,528 17,765 Contract liabilities 8,916 6,254 Deferred income 793 1,224 Current Liabilities 102,886 85,023 Total Liabilities 217,526 191,830 Total Equity and Liabilities 348,196 327,764 The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 20 Consolidated income statement in € thousand Note H1 2026 H1 2025 Q2 2026 Q2 2025 Revenues 6 186,550 163,621 97,141 81,055 Cost of sales (144,679) (126,854) (76,788) (63,821) Gross profit 41,871 36,766 20,353 17,234 Other income 7 2,901 2,482 1,848 1,290 Selling and distribution expenses 7 (12,487) (11,087) (6,566) (5,618) Administrative expenses 7 (16,746) (14,682) (9,522) (7,551) Research and development expenses 7 (5,057) (4,563) (2,592) (2,243) Other expenses 7 (584) (834) (276) (654) + Depreciation, amortization and impairment 9,524 9,587 4,676 4,814 EBITDA 19,422 17,671 7,921 7,272 - Depreciation, amortization and impairment (9,524) (9,587) (4,676) (4,814) EBIT 9,898 8,083 3,245 2,458 Financial income 8 263 224 129 82 Financial expenses 8 (4,489) (4,545) (2,792) (2,197) Result from associated companies 2,150 70 1,950 70 Net finance costs (2,076) (4,251) (713) (2,045) Profit (Loss) before tax 7,822 3,833 2,533 413 Income tax expense (2,000) (1,357) (838) (497) Profit (Loss) 5,822 2,476 1,695 (84) Profit (Loss) attributable to: Owners of the Company 5,046 1,361 1,539 (628) Non-controlling interests 776 1,114 156 544 Profit (Loss) 5,822 2,476 1,695 (84) Earnings (loss) per share basic 9 0.14 0.04 0.04 (0.02) diluted 9 0.14 0.04 0.04 (0.02) The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 21 Consolidated statement of comprehensive income in € thousand H1 2026 H1 2025 Q2 2026 Q2 2025 Profit (Loss) 5,822 2,476 1,695 (84) Other comprehensive income Items that will never be reclassified to profit or loss 0 0 0 0 0 0 0 0 Items that are or may be reclassified to profit or loss Cash flow hedges 87 (271) (201) (240) Related tax (20) 62 46 55 Foreign currency translation differences (945) (2,719) (969) (2,419) (878) (2,927) (1,124) (2,604) Other comprehensive income, net of tax (878) (2,927) (1,124) (2,604) Total comprehensive income 4,944 (451) 571 (2,688) Total comprehensive income attributable to: Owners of the Company 4,199 (1,560) 446 (3,227) Non-controlling interests 745 1,109 125 538 4,944 (451) 571 (2,688) The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 22 Consolidated statement of changes in equity For the period 01/01 – 30/06/2026 Attributable to owners of the Company in € thousand Share capital Share premium Own shares Translation reserve Revaluation reserve IAS 19 reserve Cash flow hedge reserve Reserve for share- based payments Retained earnings Total Non- controlling interests Total equity Balance at 1 January 2026 36,354 32,749 (2,584) (10,650) 14,167 (720) 179 15,256 47,512 132,263 3,671 135,934 Profit (Loss) - - - - - - - - 5,046 5,046 776 5,822 Other comprehensive income - - - (914) - - 67 - - (847) (31) (878) Total comprehensive income 0 0 0 (914) 0 0 67 0 5,046 4,199 745 4,944 Dividend distribution - - - - - - - - - 0 (190) (190) Effect hyperinflation IAS 29 - - - - - - - - 422 422 - 422 Management participation program 2,584 (15,256) 2,232 (10,441) (10,441) Transfer of revaluation reserve - - - - (118) - - - 118 0 - 0 Balance at 30 June 2026 36,354 32,749 0 (11,563) 14,049 (720) 246 0 55,330 126,444 4,226 130,670 The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 23 For the period 01/01 – 30/06/2025 Attributable to owners of the Company in € thousand Share capital Share premium Own shares Translation reserve Revaluation reserve IAS 19 reserve Cash flow hedge reserve Reserve for share- based payments Retained earnings Total Non- controlling interests Total equity Balance at 1 January 2025 36,354 32,749 (2,064) (6,983) 14,848 (592) 267 12,317 37,385 124,281 524 124,805 Profit (Loss) - - - - - - - - 1,361 1,361 1,114 2,476 Other comprehensive income - - - (2,713) - - (208) - - (2,921) (6) (2,927) Total comprehensive income 0 0 0 (2,713) 0 0 (208) 0 1,361 (1,560) 1,109 (451) Own Shares - - (520) - - - - - - (520) - (520) Dividend distribution - - - - - - - - (3,950) (3,950) 10 (3,940) Effect hyperinflation IAS 29 - - - - - - - - 346 346 - 346 Management participation program - - - - - - - 1,470 - 1,470 - 1,470 Transfer of revaluation reserve - - - - (559) - - - 559 0 - 0 Acquisition of non-controlling interests without loss of control - - - 52 - - - - (1,901) (1,849) 1,693 (156) Balance at 30 June 2025 36,354 32,749 (2,584) (9,644) 14,289 (592) 59 13,787 33,801 118,218 3,336 121,553 The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 24 Condensed consolidated statement of cash flows in € thousand Note H1 2026 H1 2025 Cash flows from operating activities Profit (Loss) before tax 7,822 3,833 Adjustments for: -Depreciation, amortization and impairment 9,524 9,587 -Net finance costs 8 2,076 4,251 -Other non-cash transactions 39 187 Cash settlement of Management participation program 10 (2,585) 0 16,877 17,858 Changes in: -Inventories 2,913 4,375 -Contract assets (9,236) (5,873) -Trade receivables and other receivables (26,370) 7,818 -Contract liabilities 2,662 3,285 -Trade payables and other payables 6,138 (14,079) -Taxes paid (2,318) (2,994) Net cash from (used in) operating activities (9,335) 10,391 Cash flows from investment activities Interest received 200 219 Proceeds from sale of property, plant and equipment 0 995 Proceeds from sale of investments 2,250 0 Dividends received from associated companies 323 42 Payments for acquisition of property, plant and equipment & intangible assets (10,453) (6,756) Net cash from (used in) investing activities (7,679) (5,500) Cash flows from financing activities Interest paid (3,115) (3,565) Proceeds from loans and borrowings 13,342 5,420 Repayment of borrowings (5,800) (8,222) Payment of lease liabilities (2,178) (2,143) Acquisition of own shares 11 0 (520) Dividends paid to non-controlling interest (190) 10 Acquisition of non-controlling interests 0 (156) Net cash from (used in) financing activities 2,058 (9,176) Net increase (decrease) in cash and cash equivalents (14,956) (4,285) Cash and cash equivalents at 1 January 25,139 21,737 Effect of movements in exchange rates on cash held (157) (727) Cash and cash equivalents at 30 June 10,027 16,726 The following explanatory notes constitute an integral part of these condensed consolidated financial statements.
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Interim Financial Report 2026 25 Selected explanatory notes to the condensed consolidated interim financial statements Basis of preparation 1. Reporting entity AUSTRIACARD HOLDINGS AG (the ‘Company’) is domiciled in Austria. AUSTRIACARD HOLDINGS AG was established at September 29th, 2010 and since March 12th, 2014 is the ultimate legal parent of AUSTRIACARD HOLDINGS Group. The Company’s registered office is in Lamezanstraße 4-8, 1230, Vienna, Austria. These consolidated financial statements comprise the Company and its subsidiaries (collectively the ‘Group’ and individually ‘Group companies’). The Group is an international group active in the business areas of “Identity & Payment Solutions“, “Document Lifecycle Management“ and „Digital Technologies“. 2. Basis of accounting The condensed consolidated interim financial statements (hereinafter “financial statements”) have been prepared by Management in accordance with IAS 34 (Interim Financial Reporting). The interim report was prepared on the basis of the historical cost principle, which was modified by adjusting certain assets and liabilities to fair values. These financial statements are presented in euro, which is the functional currency of the Company. Amounts and percentage rates in these consolidated interim financial statements were rounded, and the addition of these individual figures can therefore produce results that differ from the totals shown. Material assumptions and estimates made for the 2025 consolidated financial statements as well as accounting policies as of 31.12.2025 are applied consistently. Exceptions are new or amended IFRSs, which are mandatory from 1 January 2026. The interim report should therefore be read together with the consolidated financial statements as of 31.12.2025. These condensed consolidated interim financial statements were neither subject to a complete audit nor to an audit review by an auditor. The following amendments and interpretations of the IFRS have been issued by the International Accounting Standards Board (IASB), adopted by the European Union, and their application is mandatory from or after 01.01.2026. Standard Effective date*) Material impact expected on consolidated financial statements IFRS 7 / IFRS 9 Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) 01/01/2026 No IFRS 7 / IFRS 9 Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7) 01/01/2026 No diverse Annual Improvements Volume 11 (Cycle 2021-2023) 01/01/2026 No *) Applicable to financial years beginning on or after the indicated date The following amendments and interpretations of the IFRS have been issued by the International Accounting Standards Board (IASB) but have not been applied yet or have not been adopted by the European Union: Standard Effective date*) Material impact expected on consolidated financial statements IFRS 18 Presentation and Disclosure in Financial Statements 01/01/2027 Yes IFRS 19 Subsidiaries without Public Accountability: Disclosures 01/01/2027 No IFRS 19 Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures 01/01/2027 No IAS 21 Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency 01/01/2027 No IAS 28 Amendments to the Fair Value Option in IAS 28 Investments in Associates and Joint Ventures 01/01/2027 No IFRS 20 Regulatory Assets and Regulatory Liabilities 01/01/2029 No *) Applicable to financial years beginning on or after the indicated date The AUSTRIACARD Group continues to make progress with the implementation of IFRS 18, which becomes mandatorily effective for annual reporting periods beginning on or after 1 January 2027. During the first half of 2026, the Group further advanced the assessment activities initiated in the previous year regarding the impact of IFRS 18 on the presentation of the consolidated financial statements. The analysis has primarily focused on changes to the statement of profit or loss, while the expected effects on the statement of financial position and the statement of cash flows are currently considered to be of limited complexity. Based on the analyses performed to date, the initial application of IFRS 18 is not expected to have an impact on the Group’s profit or equity. However, changes are expected in the presentation of financial information, particularly as a result of the introduction of new mandatory subtotals in the statement of profit or loss and the revised classification of certain income and expenses within the operating, investing and financing categories.
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Interim Financial Report 2026 26 In addition, the Group is currently assessing the impact of the new requirements relating to Management-defined Performance Measures (MPMs) as well as the principles of aggregation and disaggregation of information. IFRS 18 also introduces consequential amendments to IAS 7, primarily affecting the presentation of the statement of cash flows. The Group expects certain adjustments to reconciliation items used in the indirect determination of cash flows from operating activities. Based on the current assessment, these changes are not expected to affect the total amount of cash flows reported. The implementation project is progressing according to plan. The final assessment of the identified accounting, presentation and disclosure matters, as well as the alignment of the Group’s proposed approach with management and the external auditor, is scheduled for the third quarter of 2026. As of the reporting date, the assessment of the specific impacts has not yet been finalized and will continue to be refined as part of the ongoing implementation project. Following the completion of this process, the Group will continue preparing the comparative information for 2026 required upon the adoption of IFRS 18. IAS 29 Financial Reporting in hyperinflationary economies IAS 29 is applied for a subsidiary in Türkiye, as the cumulative three-year inflation rate has led to Türkiye's classification as a hyperinflationary country within the meaning of IAS 29. The financial statements of the Turkish subsidiary – until the end of the 2021 financial year prepared on the basis of the concept of historical acquisition and production costs – were adjusted in accordance with the criteria of IAS 29 also as of 30.06.2026. The CPI 2003 consumer price index published by the Turkish Statistical Institute, the national institute for statistics, was used as an appropriate price index. The price index as of 30.06.2026 was 4,137.93. The change in the index in first half of fiscal year 2026 and 2025 can be found in the following table: Date Index CPI 2003 H1 2026 Monthly change 2026 Index CPI 2003 H1 2025 Monthly change 2025 31/12 3,513.87 2,684.55 31/01 3,683.83 4.8% 2,819.65 5.0% 28/02 3,793.05 3.0% 2,883.75 2.3% 31/03 3,866.74 1.9% 2,954.69 2.5% 30/04 4,028.47 4.2% 3,043.23 3.0% 31/05 4,097.55 1.7% 3,089.74 1.5% 30/06 4,137.93 1.0% 3,132.17 1.4% 3. Consolidation range The consolidated financial statements include all significant domestic and foreign companies in which AUSTRIACARD directly or indirectly holds a majority of the voting rights. In the first six months of 2026 the group of consolidated companies changed compared to 31 December 2025 as follows: 30/06/2026 31/12/2025 As of beginning of the period – fully consolidated 22 24 Disposal because of liquidation 0 (2) Addition because of start-up 1 0 As of end of the period – fully consolidated 23 22 As of beginning of the period – at equity consolidated 1 1 Disposal because of final consolidation (1) 0 As of end of the period – at equity consolidated 0 1 As of end of the period - total 23 23 For a new group company initial consolidation was done in June 2026. The newly formed company AUSTRIACARD KENYA LIMITED is controlled by a group company holding 51% of the share capital. In April 2026 the Group disposed its entire interest in Seglan S.L. Upon disposal, the equity-accounted investment was derecognized and the equity method was discontinued. The related effects are reflected in the Group’s Cashflow per 30 June 2026.
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Interim Financial Report 2026 27 4. Voluntary Takeover Offer On 13 May 2026, Dai Nippon Printing Co., Ltd. ("DNP") announced its intention to launch a voluntary public takeover offer for all outstanding shares of AUSTRIACARD HOLDINGS AG (the “Offer”) at a cash consideration of € 10.00 per share. The Offer Document was published on 12 June 2026, while on 19 June 2026, the Management Board and Supervisory Board published their reasoned statements and recommended that the Company’s shareholders accept the Offer. On 21 August 2026 the Company received a notification pursuant to Sec. 130 to 134 BörseG 2018 from DNP according to which DNP’s participation in voting rights through financial/other instruments of the Company reached 35,006,835 voting rights representing 96.29% of total voting rights on 20 August 2026. At the date of this report, the results of the takeover offer have not yet been announced. The takeover offer is subject to conditions precedent as provided in the Offer document. Therefore, at the date of this report, the Offer has not become unconditionally binding.
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Interim Financial Report 2026 28 Performance of the period 5. Segment reporting i. Basis for segmentation The identification of reportable segments is based on information that is regularly used by the Group’s chief decision maker to allocate resources and assess performance. The CEO is the Group’s chief decision maker. The Group’s CEO reviews the internal report on a monthly and year to date basis. The financial information that forms the basis for internal reporting is based on the accounting policies of IFRS. As of 2026, the Group’s internal segment reporting is fully aligned with IFRS and no longer reflects management adjustments aimed at separately presenting non-operating income and expenses. Previously, these adjustments primarily related to Management participation programs, foreign exchange and other valuation related effects. Previous year’s figures were adapted accordingly. The internal reporting to the CEO is based on business areas which comprise 3 regional segments. For these segments, there are separate responsibilities for the sale of products and services at the management board level. ii. Intersegment transactions Transactions between the segments involve mainly the sale of goods and provision of services and are eliminated in the column “Eliminations“. Intragroup transactions between the segments generally reflect ordinary market conditions. iii. Information about reportable segments Information related to each reportable segment is set out below. Segment EBITDA is used to measure performance because management believes that this information is the most relevant in evaluating the results of the respective segments. Reportable segments Regional responsibility EVP (Executive Vice President) Central Eastern Europe and DACH = CEE DACH (Germany, Austria, Switzerland), CEE (Italy, Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovenia, Slovakia), SEE Region (Greece, Albania, Bosnia and Herzegovina, Kosovo, Northern Macedonia, Montenegro, Serbia) Western Europe, Nordics, Americas = WEST UK, Ireland, Norway, Sweden, Finland, Demark, Netherlands, Belgium, France, Luxembourg, Monaco, Liechtenstein, Spain, Portugal, Andorra, Baltics, North & Latin America Türkiye, Middle East and Africa = MEA Türkiye, MEA Region (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, North and Sub-Saharan Africa), Asia Income and expenses that are not attributable to one of the operating segments presented above are summarized in column “Corporate”. Gross profit II as presented in the segment reporting corresponds to the gross profit reported in the consolidated income statement. Accordingly, the Costs of material & shipping presented in the table below, together with the Production costs shown, correspond to the Cost of sales reported in the consolidated income statement. Assets and liabilities being used by more than one operating segment are designated to the main segment of the legal entity.
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Interim Financial Report 2026 29 Reportable Segments 1-6 2026 in € thousand CEE WEST MEA Corporate Eliminations Total Revenues 100,715 65,591 20,244 0 0 186,550 Intersegment revenues 10,781 1,662 298 2,921 (15,662) 0 Segment revenues 111,497 67,252 20,542 2,921 (15,662) 186,550 Costs of material & mailing (64,051) (34,793) (13,536) 0 11,534 (100,846) Gross profit I 47,446 32,459 7,006 2,921 (4,127) 85,704 Production costs (26,300) (13,729) (3,810) 0 6 (43,833) Gross profit II 21,146 18,730 3,196 2,921 (4,121) 41,871 Other income 2,401 417 0 1 82 2,901 Selling and distribution expenses (6,568) (4,902) (974) (53) 10 (12,487) Administrative expenses (8,657) (4,793) (1,058) (6,064) 3,827 (16,746) Research and development expenses (4,077) (280) (427) (467) 194 (5,057) Other expenses (279) (291) (10) (12) 8 (584) + Depreciation, amortization and impairment 5,848 3,253 394 29 0 9,524 EBITDA 9,813 12,133 1,120 (3,645) 0 19,422 - Depreciation, amortization and impairment (5,848) (3,253) (394) (29) 0 (9,524) EBIT 3,965 8,881 727 (3,674) 0 9,898 Financial income 263 Financial expenses (4,489) Result from associated companies 2,150 Net finance costs (2,076) Profit (Loss) before tax 7,822 Income tax expense (2,000) Profit (Loss) 5,822
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Interim Financial Report 2026 30 Reportable Segments 1-6 2025 in € thousand CEE WEST MEA Corporate Eliminations Total Revenues 95,878 51,452 16,290 0 0 163,621 Intersegment revenues 8,080 3,232 24 1,876 (13,213) 0 Segment revenues 103,959 54,684 16,314 1,876 (13,213) 163,621 Costs of material & mailing (56,230) (29,526) (11,663) 0 10,652 (86,767) Gross profit I 47,729 25,158 4,652 1,876 (2,561) 76,854 Production costs (25,131) (11,959) (2,998) 0 0 (40,088) Gross profit II 22,598 13,199 1,654 1,876 (2,561) 36,766 Other income 2,395 38 0 49 0 2,482 Selling and distribution expenses (6,326) (4,085) (675) 0 0 (11,087) Administrative expenses (8,253) (3,956) (505) (4,520) 2,552 (14,682) Research and development expenses (3,884) (300) (350) (29) 0 (4,563) Other expenses (729) (67) (10) (37) 9 (834) + Depreciation, amortization and impairment 5,823 3,364 385 15 0 9,587 EBITDA 11,623 8,192 500 (2,645) 0 17,671 - Depreciation, amortization and impairment (5,823) (3,364) (385) (15) 0 (9,587) EBIT 5,800 4,829 115 (2,660) 0 8,083 Financial income 224 Financial expenses (4,545) Result from associated companies 70 Net finance costs (4,251) Profit (Loss) before tax 3,833 Income tax expense (1,357) Profit (Loss) 2,476
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Interim Financial Report 2026 31 Selected notes to the consolidated income statement 6. Revenues A. Revenues from contracts with customers The Group generates revenue primarily through the provision of services and the sale of solutions and products in the areas of Identity & Payment Solutions, Document Lifecycle Management and Digital Technologies. The allocation of revenues and underlying business transactions to the respective countries in accordance with IFRS 8.33 is based exclusively on the location of the respective economic end customer. H1 2026 Revenues by region in € thousand CEE WEST MEA Corporate Elimini- nations Total Western Europe, UK, Nordics 2,594 45,713 0 0 (1,912) 46,395 Central & Eastern Europe & DACH 100,522 5,283 2,747 2,921 (5,695) 105,778 Türkiye, MEA, Asia & others 7,969 88 17,795 0 (7,816) 18,036 Americas 412 16,169 0 0 (239) 16,341 111,497 67,252 20,542 2,921 (15,662) 186,550 Type of revenue Revenues from sale of goods 49,947 32,469 13,843 0 (9,484) 86,776 Revenues from services 33,748 12,641 4,575 2,921 (4,218) 49,668 Revenues from licenses & royalties 30 0 134 0 0 164 Revenues from sale of merchandise 3,897 3,382 1,790 0 (1,948) 7,121 Revenues from transportation services 23,874 18,759 199 0 (12) 42,821 111,497 67,252 20,542 2,921 (15,662) 186,550 Timing of revenue recognition Products and services transferred over time 107,600 63,870 18,752 2,921 (13,714) 179,429 Products transferred at a point of time 3,897 3,382 1,790 0 (1,948) 7,121 111,497 67,252 20,542 2,921 (15,662) 186,550 H1 2025 Revenues by region in € thousand CEE WEST MEA Corporate Elimini- nations Total Western Europe, UK, Nordics 2,053 34,098 361 172 (1,039) 35,646 Central & Eastern Europe & DACH 93,803 5,734 157 1,705 (2,663) 98,736 Türkiye, MEA, Asia & others 7,892 2,554 15,795 0 (9,414) 16,828 Americas 210 12,298 0 0 (97) 12,411 103,959 54,684 16,314 1,876 (13,213) 163,621 Type of revenue Revenues from sale of goods 52,424 28,725 12,935 0 (9,828) 84,256 Revenues from services 19,407 9,976 2,880 1,876 (2,558) 31,581 Revenues from licenses & royalties 417 0 5 0 0 422 Revenues from sale of merchandise 3,549 4,038 316 0 (721) 7,181 Revenues from transportation services 28,161 11,945 179 0 (105) 40,181 103,959 54,684 16,314 1,876 (13,213) 163,621 Timing of revenue recognition Products and services transferred over time 99,992 50,646 15,994 1,876 (12,491) 156,018 Products transferred at a point of time 3,966 4,038 320 0 (721) 7,603 103,959 54,684 16,314 1,876 (13,213) 163,621 For Austria, as the Group’s country of domicile, as well as for countries whose share of Group revenue exceeds 10% of total Group revenue in H1 2026 and 2025, revenues amount to: in € thousand H1 2026 H1 2025 Austria 14,084 12,799 Romania 38,122 45,847 United Kingdom 35,294 25,906 Greece 27,948 19,327
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Interim Financial Report 2026 32 7. Income and expenses A. Other Income in € thousand H1 2026 H1 2025 Capitalised development expenses 2,260 1,714 Reversal of accruals 111 47 Government grants 88 546 Rental income from property leases 59 31 Gain on sale of equipment 18 2 Other income 365 142 Total 2,901 2,482 B. Other Expenses in € thousand H1 2026 H1 2025 Impairment loss on trade receivables and contract assets 239 126 Property and other taxes 134 281 Bank charges 83 111 Contractual penalties 51 39 Loss on disposal of non-current assets 46 0 Re-invoiced expenses 2 33 Impairment of non-current assets not used in production 0 170 Other expenses 29 74 Total 584 834 C. Expenses by nature The following table presents Costs of sales, Administrative expenses, Selling and distribution expenses and Research and development expenses by nature of expense. in € thousand H1 2026 H1 2025 Costs of inventories recognized as expense 65,920 54,579 Employee compensation and expenses 45,284 40,791 Mailing costs 34,926 32,188 Depreciation, amortization and impairment 9,524 9,417 Third party fees 8,441 6,962 Utilities and maintenance expenses 5,528 5,596 Transportation expenses 2,585 1,572 Inks and similar consumable materials 1,876 1,828 Commissions paid 897 831 Tax and duties 520 423 Rentals from property and machinery 423 361 Other expenses 3,044 2,638 Total 178,968 157,186
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Interim Financial Report 2026 33 8. Net Finance costs in € thousand H1 2026 H1 2025 Interest income under the effective interest method 200 219 Financial assets and liabilities at fair value through profit or loss – income from change in fair value 62 5 Financial income 263 224 Interest expense on Financial liabilities measured at amortized cost (2,762) (3,119) Foreign exchange losses (885) (711) Effect hyperinflation IAS 29 (221) (264) Commissions of letters of guarantee (255) (228) Financial assets and liabilities at fair value through profit or loss – expense from change in fair value (73) (3) Other financial expenses (293) (220) Financial expenses (4,489) (4,545) Result from associated companies 2,150 70 Net finance costs (2,076) (4,251) 9. Earnings per share and number of shares A. Basic and diluted earnings per share Earnings per share (basic) H1 2026 H1 2025 Profit (loss) attributable to owners of the Company in € thousand 5,046 1,361 Weighted average number of shares per 30 June 36,038,965 35,920,223 Earnings per share (basic) in € 0.14 0.04 Earnings per share (diluted) H1 2026 H1 2025 Profit (loss) attributable to owners of the Company in € thousand 5,046 1,361 Weighted average number of shares per 30 June 37,275,464 38,246,380 Earnings per share (diluted) in € 0.14 0.04 Diluted earnings per share are calculated by adjusting the weighted average number of ordinary outstanding shares to assume conversion of all potential dilutive ordinary shares. Per 30 June 2026 the company has share options as potential dilutive ordinary shares amounting to 0. Weighted average number of potential dilutive ordinary shares amounts to 1,236,499. B. Weighted-average number of ordinary shares H1 2026 H1 2025 Issued ordinary shares at 1 January 36,353,868 36,353,868 Impact of share buybacks in prior periods (448,799) (362,302) Impact of share buybacks during reporting period 0 (86,497) Disposal of treasury shares during reporting period 448,799 Total number of ordinary shares at 30 June 36,353,868 35,905,069
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Interim Financial Report 2026 34 Employee Benefits 10. Employee Benefits A. Management participation programs The management participation program 2022-2025 expired on 31 December 2025. Under the program a total of 2,211,054 options were granted to beneficiaries, representing 6.082% of the total number of issued shares of the group as of 31 December 2025. The supervisory board decided to settle the management participation program 2022-2025 – classified and accounted as an equity-settled program – partial in equity with transfer of treasury shares for four beneficiaries who are still actively working for the group and partial in cash for the remaining number of shares owed to those beneficiaries. For all other beneficiaries the management participation program will be settled in cash. For a number of shares amounting to 1,762,255 the Supervisory Boad will exercise the Call Option under the share option plan agreement with a value per share amounting to € 6.383, which is the fair market value of each exercisable option, according to the Option Statements issued on 12 March 2026. This represents the average share price of the Company’s shares during the last six months preceding the date, which is ten days prior to the date of issuance of the Option Statement. The total value of the Call Option i.e. of the cash payment amounting to t€ 11,249 was deducted from equity from the position “Reserve for share-based payments”. For the equity settlement 427,427 treasury shares were transferred on 7 May 2026 to three management board members and 21,372 treasury shares to a senior executive of a subsidiary of the Company. At settlement date, the fair value of the finally performed equity-settlement was higher than the cash-settlement alternative, therefore an additional expense of t€ 808 was recognized within administrative expenses, being the difference between fair value of the equity-settlement option and that of the cash-settlement option. During the reporting period cash payments of t€ 2,585 relating to 404,912 options were made. In addition, employer payroll-related charges of t€ 461 arising from the transfer of the shares and the partial exercise of the call option were recognized in H1 2026. B. Long-term incentive (LTI) The long-term incentive plans LTI 2025 and LTI 2026 became effective on 1 January 2026. During the first half of 2026, expenses of t€ 242 for LTI 2025 and t€ 452 for LTI 2026 (both including employer payroll-related charges) were recognized. The amounts recognized reflect the fair values of the respective plans as measured at 30 June 2026.
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Interim Financial Report 2026 35 Selected notes to consolidated financial statement of position 11. Capital and additional paid in capital A. Share capital and additional paid in capital Share buy-back program for own shares After the transactions of the Share buy-back programs I-III, on the basis of the authorization granted by the annual general meeting on 30 June 2023, the Company in total had owned 448,799 own shares, which represent 1.2345% of the total shares based on the authorization. The annual general meeting of AUSTRIACARD HOLDINGS AG held on 24 June 2025 resolved (i) to revoke the authorization granted on 30 June 2023 and (ii) on the authorization to implement a Share buy-back program for own shares pursuant to Sec 65 para 1 no 4 and 8 Austrian Stock Corporation Act, which was published on 24 June 2025. The management board shall be authorized for a period of 30 months from the date of the resolution of the annual general meeting in accordance with Sec 65 para 1 no 4 and 8 and para 1a and 1b AktG to acquire own shares of the Company with a statutory limit of up to 10% of the share capital. The consideration to be paid per share when acquiring shares must (i) not be lower than € 1 (i.e., the calculated proportion of the share capital per share), and (ii) not be more than 20% above the volume-weighted average price of the last 20 trading days preceding the respective purchase. Based on this authorization no Share buy-back program has been implemented so far. Disposal of own shares in connection with the share option program dated 30 June 2023 The management board and the supervisory board resolved to exercise the authorization granted to it by a resolution of the annual general meeting of AUSTRIACARD HOLDINGS AG held on 24 June 2025 to dispose of own shares for the purpose of transferring them to senior executives and members of the management board of the Company or its subsidiaries for compensation purposes, in order to be able to transfer own shares to participants in the share option program approved by the Company’s supervisory board on 30 June 2023. A total of 448,799 own shares of the Company were transferred to the following members of the management board and a senior executive of the Company and its subsidiaries in (partial) fulfillment of the Company’s contractual obligations under the share option program approved by the Company’s supervisory board on 30 June 2023: Emmanouil Kontos (Chairman of the management board and Group CEO, 170,971 shares), Jon Neeraas (Executive Vice President Western Europe, UK, Nordics and America, 170,971 shares), Markus Kirchmayr (Group CFO, 85,485 shares). In addition, 21,372 shares were transferred to a senior executive of a subsidiary of the Company. In accordance with the applicable legal requirements the shareholders’ right of repurchase (subscription right) with respect to the own shares required to service the claims under the share option program was excluded. In accordance with the terms and conditions of the share option program dated 30 June 2023, the transfer of the shares was made without consideration. The value of the transferred shares amounts to € 3,657,711.85 (calculated based on the Company’s shares’ closing price at the Vienna stock exchange on 7 May 2026) / € 3,698,103.76 (calculated based on the Company’s shares’ closing price at Euronext Athens on 7 May 2026). The transfer of the own shares has taken place on 7 May 2026 by way of Over-the-Counter Transactions (OTC). After the above transactions, the Company does no longer hold any own shares. B. Other reserves and retained earnings Following the expiry of the management participation program 2022-2025, the supervisory board resolved to settle the program partly through the transfer of treasury shares and partly in cash. During the reporting period an additional expense of t€ 808 was recognized, reflecting the higher fair value of the equity settlement alternative at the settlement date. For the remaining 1,762,255 options, the Supervisory Board will exercise the Call Option in acoordance with the Share Option Plan Agreement. The resulting cash settlement obligation of t€ 11,249 was deducted from equity and reclassified from the reserve for share-based payments to other current payables. The outstanding liability as of 30 June 2026 amounted to t€ 8,664. 12. Loans and Borrowings in € thousand 30/06/2026 31/12/2025 Non-current financial liabilities Secured bank loans 89,297 81,572 Lease liabilities 9,318 9,545 98,616 91,117 Current financial liabilities Secured bank loans 11,100 11,100 Unsecured bank loans 438 500 Lease liabilities 3,770 4,044 15,308 15,644 Total 113,924 106,761
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Interim Financial Report 2026 36 Financial instruments 13. Financial instruments – Fair values and risk management Accounting classifications and fair values The financial instruments carried at fair value concern an investment in a quoted mixed fund consisting of a mix of securities and equity investments, interest rate swaps and interest collar/floor, contingent purchase price liabilities for acquisitions in financial year 2024 as well as liabilities from put option for the beneficiary's shares from the management participation program in a subsidiary. The fair value of all financial instruments approximates the carrying amount, the quoted mixed fund corresponds to Level 1 fair value, interest rate swaps and interest collar/floor correspond to Level 2 fair value, contingent purchase price liabilities and the put-option correspond to Level 3 fair value according to IFRS 13. 30 June 2026 in € thousand At amortized cost FVTPL FVTOCI Non-financial instruments Total Assets Trade receivables 50,191 0 0 0 50,191 Other receivables 5,345 236 385 18,184 24,150 Cash and cash equivalents 10,027 0 0 0 10,027 Total 65,563 236 385 18,184 84,367 Liabilities Loans and borrowings 113,924 0 0 0 113,924 Trade payables 48,461 0 0 0 48,461 Other payables 2,276 3,090 34 21,600 26,999 Total 164,661 3,090 34 21,600 189,385 31 December 2025 in € thousand At amortized cost FVTPL FVTOCI Non-financial instruments Total Assets Trade receivables 37,930 0 0 0 37,930 Other receivables 1,436 233 470 7,918 10,057 Cash and cash equivalents 25,139 0 0 0 25,139 Total 64,505 233 470 7,918 73,126 Liabilities Loans and borrowings 106,761 0 0 0 106,761 Trade payables 41,124 0 0 0 41,124 Other payables 5,955 3,018 206 10,158 19,338 Total 153,840 3,018 206 10,158 167,223
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Interim Financial Report 2026 37 Other disclosures 14. Related parties For the purpose of this report, related parties are defined as the members of the Supervisory Board and of the Management Board as well as their closely related persons, companies, subsidiaries, associates and joint ventures. Business transactions with related parties are carried out at ordinary arm’s length conditions. Directors of the Company control 76.12% of the voting shares of the ultimate Parent Company, whereas Nikolaos Lykos (member of the Supervisory Board) holds a majority stake of 74.58% and can exercise control over the Group. Three members of the Management Board hold, directly and indirectly, a total of 557,033 shares in the company, corresponding to approximately 1.53% of the share capital and voting rights. No other members of key management personnel hold positions in other companies that result in them having direct control or significant influence over these companies. No post-employment benefits exist. Mr. Nikolaos Lykos and the members of the Management Board tendered all of their shares to DNP under the voluntary public takeover offer during June and July 2026. The respective transactions remain subject to the fulfilment of the conditions precedent and will be settled in accordance with the terms and conditions of the takeover offer. i. Transactions with members of the Management Board Key management personnel compensation is as following: in € thousand H1 2026 H1 2025 Short-term employee benefits 1,212 915 Management participation programs (long-term) 771 1,285 Long-term incentive plan 2025 (LTI 2025) 227 0 Long-term incentive plan 2026 (LTI 2026) 357 0 2,566 2,200 Due to the higher fair value of the equity-settled portion compared to the cash-settlement alternative at the settlement date, an additional expense of t€ 771 was recognized for the Management participation program 2022-2025 in the first half of 2026 for members of the Management Board. With regard to management participation programs, see Note 10. A close family member of Jon Neeraas, member of the Management Board of AUSTRIACARD HOLDINGS AG, does have an employment contract for a non-leadership position within the Group. Compensation for this amounted to t€ 35 (H1 2025: t€ 30) and is given at market conditions. ii. Transactions with members of the Supervisory Board There have been no transactions with members of the Supervisory Board in the first 6 months of 2026 (H1 2025: t€ 0). Three children of Mr. Nikolaos Lykos, member of the Supervisory Board of AUSTRIACARD HOLDINGS AG, do have employment contracts for non- leadership positions or serve non-executive management functions within the Group. Compensation for employment contracts amounted to t€ 20 (H1 2025: t€ 50) and is given at market conditions, the non-executive management function is served without compensation. iii. Transactions with associated companies As of the reporting date 30 June 2026 the group no longer held any investments in associates following the disposal of its equity-accounted investee during the reporting period. Consequently, no trade receivables or trade payables with associates existed as of 30 June 2026. In the consolidated income statement for the first half of financial year 2026, income from transactions with associates amounted to t€ 2,150 (H1 2025: t€ 70). 15. Subsequent events On 21 August 2026 the Company received a notification pursuant to Sec. 130 to 134 BörseG 2018 from DNP according to which DNP’s participation in voting rights through financial/other instruments of the Company reached 35,006,835 voting rights representing 96.29% of total voting rights n 20 August 2026. At the date of this report, the results of the takeover offer have not yet been announced. The takeover offer is subject to conditions precedent as provided in the Offer document. Therefore, at the date of this report, the Offer has not become unconditionally binding. Other than that there were no significant subsequent events after the balance sheet date 30 June 2026.
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Interim Financial Report 2026 38 16. Statement by the Management Board of AUSTRIACARD HOLDINGS AG pursuant to section 125 (1) of the Stock Exchange Act We confirm to the best of our knowledge that the condensed consolidated interim financial statements, which have been prepared in accordance with the applicable accounting standards, present a true and fair view of the Group's assets, liabilities, financial position and results of operations and that the Group's interim management report presents a true and fair view of the important events that occurred during the first six months of the financial year and their impact on the condensed consolidated interim financial statements and with regard to the material risks and uncertainties in the remaining six months of the financial year and with regard to the material related party transactions to be disclosed. Vienna, 25 August 2026 Emmanouil Kontos mp Chairman of the Management Board Mohamed Chemloul mp Jon Neeraas mp Vice Chairman of the Management Board Member of the Management Board Burak Bilge mp Markus Kirchmayr mp Member of the Management Board Member of the Management Board