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PROPRIETARY & CONFIDENTIAL This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability. Q4 2025 EARNINGS UPDATE February 24, 2026
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 2 This presentation contains certain items, such as earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted EBITDA Margins, Free Cash Flow and net debt, as well certain income and expense items on a per share basis, that could be considered ‘non-GAAP’ financial measures under SEC rules. We think such items provide useful information to investors regarding the Company’s operational performance. This presentation also may contain statements, estimates, or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections as expressed or implied by the forward-looking statements in this presentation. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Viewers are cautioned not to place undue reliance on these forward- looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them publicly in light of new information or future events. Certain additional disclosures regarding our use of “non-GAAP” items (including reconciliations to GAAP measures) and forward-looking statements are set forth in our SEC filings, including our most recent annual and quarterly reports. Please refer item 7 in the Annual Report on Form 10-K for the concise reconciliation of our non-GAAP measures. Our use of such items in this presentation is subject to those additional disclosures, which we urge you to read. SAFE HARBOR STATEMENT
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 3 STRATEGIC OVERVIEW Two unique end markets from one shared expertise in weaving technology Global leader in paper machine fabrics and process belts Leading position in engineered fabrics supporting a range of industrial applications Proprietary technology for complex applications with 700+ patents Long-term stability trending with GDP Strong free cash flow generator Long-term growth engine Grew organically from weaving and composites manufacturing capabilities Industrialized and Proprietary 3D weaving technology - LEAP and GE9X Differentiated capabilities in 3D weaving include; braiding, winding, and resin transfer molding for end markets that include engines, space, missiles, ceramic matrix composites, and titanium replacement M A C H I N E C L O T H I N G E N G I N E E R E D C O M P O S I T E S
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 4 Q4 CONSOLIDATED FINANCIALS (Millions USD, except per share data) Q4 2025 Q4 2024 Total Revenue* $321.2 $286.9 Adjusted** EBITDA $57.3 $50.0 Adjusted** EBITDA Margin 17.8% 17.4% Adjusted** Diluted Earnings Per Share $0.65 $0.58 ** For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the earnings release dated February 24, 2026.
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 5 MACHINE CLOTHING END MARKETS Global stability with softness in Asia G E O G R A P H Y P A P E R G R A D E AMERICAS STABLE Growth in Tissue partly impacted by industry consolidation largely impacting packaging and corrugator segments. EUROPE STABLE Market stabilized, demand consistent with through H2. ASIA WEAK Overall demand at low level due to overcapacity in the supply chain. TISSUE Bright spot globally with planned new investments supporting growing demand. PACKAGING Long-term secular trends remain in-tact; near-term industry consolidation negatively impacting demand PUBLICATION Declining trend continues across all regions. PULP Remains stable amidst weakening US Dollar and tariffs. ENGINEERED FABRICS Remains stable with some softening in Corrugator and Fiber Cement. albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential Long-term stability driven by growing middle class, continued growth in e-commerce, sustainability and renewable paper products
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 6 ENGINEERED COMPOSITES END MARKETS Broad portfolio performing; portfolio reshaping to enhance profitability C O M M E R C I A L D E F E N S E AEROSPACE STABLE F-35 program at rate. Focusing new business development on components and technology. CONVENTIONAL MISSILES GROWING JASSM and LRASM programs. Technology breadth and new CMC capabilities generating Solid Rocket Motor & motor case opportunities. HYPERSONIC MISSILES EMERGING US government funding continues to accelerate development. Engagement with multiple OEMs increasing. AEROSPACE GROWING LEAP deliveries increasing with customer demand. BETA certification underway and production ramping. Bell 525 successfully completing development efforts. Early development of next-generation aircraft technologies underway. ENGINES GROWING New OEM opportunities driven by relationships and capabilities. ADVANCED AIR MOBILITY EMERGING Benefits of 3D Woven solutions garnering interest across industry albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential Core Business Strong / Growth Driven by Differentiated Technologies Titanium Replacement Opportunities In Work Across Industries
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 7 Q4 MACHINE CLOTHING FINANCIALS (Millions USD) Q4 2025 Q4 2024 Revenue $177.5 $188.0 Adjusted* EBITDA $48.6 $53.7 Adjusted* EBITDA Margin 27.4% 28.5% * For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the earnings release dated February 24, 2026.
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 8 Q4 ENGINEERED COMPOSITES FINANCIALS (Millions USD) Q4 2025 Q4 2024 Revenue* $143.7 $98.8 Adjusted** EBITDA $18.5 $5.6 Adjusted** EBITDA Margin 12.9% 6.1% * For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the earnings release dated February 24, 2026.
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 9 Q4 CASH FLOW AND BALANCE SHEET (Millions USD) Q4 2025 YTD Free Cash Flow $51.0 $81.0 R&D Spend $12.1 $48.0 Capex $22.7 $72.0 Share Repurchase $17 $186.0 * For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the earnings release dated February 24, 2026.
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 10 FINANCIAL SNAPSHOT Strong balance sheet and cash flow supports disciplined capital allocation Balanced capital allocation strategy directed toward organic growth through CAPEX and consistent R&D investment, along with return of cash to shareholders. Complementary business segments optimize capital generation and investment: • Steady, predictable high-cash generation in Machine Clothing • High growth opportunities with 3D woven and advanced composites technologies in AEC 10% Outstanding Shares Repurchased 1.7X Net Leverage Ratio as of 4Q25 $81M *Free Cash Flow $72M CAPEX Spend $48M R&D Spend $218M Cash Returned to Shareholders For the full-year ended December 31, 2025 *For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the earnings release dated February 24, 2026.
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 11 GUIDANCE Underlying trends persist into Q1 Machine Clothing • Americas impacted by an equipment failure at a North American facility which will have a $0.10 to $0.15 impact in the quarter, but will be recovered over the course of the year • Moderate pace of recovery in Europe • Continued weakness in China, but no further deceleration since Q3 Engineered Composites • LEAP continues to be a solid program with expected double digit growth over the next couple years • In Defense markets- F-35 remained a stable contributor Q1 2026 broadly consistent with recent trends Outlook for the First Quarter of 2026: • Consolidated revenue between $275 million and $285 million • Machine Clothing revenue between $160 million and $165 million • Engineered Composite revenue between $115 million and $120 million • Adjusted EPS between $0.50 and $0.60 • First quarter effective tax rate of 27.0% Focused on positioning for stronger long-term growth
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PROPRIETARY & CONFIDENTIAL This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability. QUESTION AND ANSWER 12
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PROPRIETARY & CONFIDENTIAL This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability. APPENDIX 13
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 14 APPENDIX GAAP to non-GAAP reconciliation
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 15 APPENDIX GAAP to non-GAAP reconciliation
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 16 APPENDIX GAAP to non-GAAP reconciliation
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 17 APPENDIX GAAP to non-GAAP reconciliation Financial tables and reconciliations of non-GAAP measures to comparable GAAP measures- Year-to-date information revised to include the third-quarter CH-53 contracts reserve program adjustment, now determined to represent an operational item that should be included in our full- year adjusted results
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albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 18 APPENDIX GAAP to non-GAAP reconciliation