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THE ITALIAN SEA GROUP PRESS RELEASE THE ITALIAN SEA GROUP S.P.A. THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED FINANCIAL REPORT AND THE DRAFT FINANCIAL STATEMENTS AS OF 31 DECEMBER 2025 PROPOSAL TO GRANT THE BOARD OF DIRECTORS THE AUTHORITY TO INCREASE THE SHARE CAPITAL AND TO ISSUE PARTICIPATING FINANCIAL INSTRUMENTS CONVENING OF THE SHAREHOLDERS ' MEETING SUSTAINABILITY PLAN 2026 - 2028 APPROVAL UPDATE TO THE FINANCIAL CALENDAR Key consolidated results for Financial Year ending 31 December 2025 : • Total Revenues : EUR 295.1 million , down 27 % versus EUR 404.4 million in the previous year ; • • ● • EBITDA : EUR -99.2 million , declining compared to EUR 70.3 million as of 31 December 2024 with a negative EBITDA Margin compared to 17.4 % in 2024 ; EBIT : EUR -141.2 million , declining compared to EUR 57.7 million in 2024 ; Net Income : EUR -170.9 million , declining compared to EUR 33.9 million in 2024 ; Net Financial Position at EUR -129.6 million versus EUR -12.5 million as of 31 December 2024 ; The total value of the Order Book as of 31 December 2025 is equal to EUR 1.03 billion with a Net Backlog of EUR 349.5 million . 1