Earnings release
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Press Release Media contact: Investor Contact: Michael Jacobsen, APR Maynard Um +1 330 490-4498 investorrelations@dieboldnixdorf.com michael.jacobsen@dieboldnixdorf.com FOR IMMEDIATE RELEASE: July 29, 2026 Diebold Nixdorf Reports Second Quarter Financial Results; Company Grew Revenue, Adjusted EBITDA and Adjusted EPS • Revenue grew more than 1% and order entry increased 3% YoY • Net income grew 28% YoY, with net income margin expanding 30 bps YoY • Adjusted EBITDA grew 8% YoY, and adjusted EBITDA margin expanded by 80 bps YoY • Earnings per share grew 33% on a GAAP basis YoY, and grew 17% on a non-GAAP basis YoY • Company reaffirms 2026 outlook NORTH CANTON, Ohio - Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its 2026 second quarter financial results. Second Quarter Financial Highlights • Q2 '26 financial performance positions the company to achieve full-year objectives ◦ Revenue (GAAP) of $930.8 million; revenue (non-GAAP) of $927.6 million ◦ Net cash provided by (used in) operating activities (GAAP) of $(13.6) million; free cash flow (use), excluding discrete tax payments (non-GAAP) of $(11.0) million, driven by inventory to support increased demand ◦ Net income (GAAP) of $16.2 million; adjusted EBITDA (non-GAAP) of $120.6 million ◦ EPS of $0.44 (GAAP), increasing from $0.33 in the prior year; or $1.10 per share on an adjusted basis (non- GAAP), increasing from $0.94 in the prior year • Repurchased common shares for approximately $60 million in the second quarter, with approximately $57 million remaining under the company's $200 million share repurchase program • Management Commentary Octavio Marquez, Diebold Nixdorf president and chief executive officer, said: “We demonstrated the multiple avenues we have to drive performance across the business during the quarter. Our broad solutions portfolio helped us capture additional opportunities in Retail, grow our total backlog sequentially and position us to deliver in the second half of the year. Also, we saw meaningful traction in our strategic growth initiatives across both Banking and Retail, while maintaining consistent execution and cost discipline across our core operations. This combination reinforces confidence in our full-year financial outlook and our ability to deliver long-term shareholder value.” Key Second Quarter Business Highlights • Retail revenue grew more than 20% year-over-year for the second consecutive quarter, with double-digit increases across all geographies and point-of-sale unit sales growing nearly 170% YoY in Europe • In Banking, backlog grew sequentially in the quarter, providing strong order visibility to the second half of 2026 supporting our full-year outlook for the business • Shipped a record number of teller cash recyclers in the quarter, won major Branch Automation Solutions, cash management and service contracts • Live with Vynamic® Transaction Middleware in some of the largest financial institutions in North America, processing millions of transactions daily • VyStar Credit Union selected Diebold Nixdorf's Branch Automation Solutions to optimize its self-service network of over 200 advanced ATMs • Won new business with a large fashion retailer in U.S. and Canada for RFID self-checkout deployment of hardware and software • Signed Vynamic® Smart Vision AI deployment contracts for 1,400 new lanes across two large European grocers, representing largest new deployments to date Page 1
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Reaffirming Full-Year 2026 Financial Outlook Current Guidance Total Revenue $3.86B - $3.94B Adjusted EBITDA1,2 $510M - $535M Free Cash Flow1,2,3 $255M - $270M Adjusted Earnings Per Share1,2 $5.25 - $5.75 1 - See Note 1 below for Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sale of assets, net, and impairment of assets, and Note 2 for adjusted EBITDA and adjusted net income (loss). 2 - With respect to the company’s adjusted EBITDA, free cash flow and adjusted earnings per share outlook for 2026, it is not providing reconciliations to the most directly comparable GAAP financial measures because it is unable to predict with reasonable certainty those items that may affect such measures calculated and presented in accordance with GAAP without unreasonable effort. These measures primarily exclude future restructuring and refinancing actions and net non-routine items. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, operating profit and net income calculated and presented in accordance with GAAP. 3 - During Q2 2026, the Company timely filed its German corporate income tax return for the 2024 tax year. Due to increased profitability in our German legal entities, the Company’s remaining net operating loss carryforward was utilized on the 2024 return, and the Company paid its resulting 2024 discrete German tax liability during Q2 2026. As a result, the Company is now expected to be a cash taxpayer in Germany going forward, and it will be required to remit additional discrete German estimated tax payments during Q3 2026 and Q4 2026 for the 2024 and 2025 tax years. Consequently, the Company will be paying German cash tax attributable to three separate tax years (2024, 2025, and 2026) during 2026. Cash taxes paid during 2026 attributable to 2024 and 2025, estimated to total approximately $50 million, are and will be excluded from Free Cash Flow to better reflect underlying operating cash generation. Overview Presentation and Conference Call More information on Diebold Nixdorf's quarterly earnings is available on its Investor Relations website. Octavio Marquez, president and chief executive officer, and Tom Timko, executive vice president and chief financial officer, will discuss the company's financial performance during a conference call today, July 29, at 8:30 a.m. ET. The call and webcast are available at http://www.dieboldnixdorf.com/earnings. The replay of the webcast can be accessed on the website after the call. About Diebold Nixdorf Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a leading global technology and services partner to many of the world’s top financial institutions and retailers, our integrated solutions connect digital and physical channels for consumers conveniently, securely and efficiently. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide. Visit www.DieboldNixdorf.com for more information. LinkedIn: www.linkedin.com/company/diebold X: https://x.com/DieboldNixdorf Facebook: www.facebook.com/DieboldNixdorf YouTube: www.youtube.com/dieboldnixdorf Page 2
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Non-GAAP Financial Measures and Other Information To supplement our condensed consolidated financial information presented in accordance with GAAP, the Company considers certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, Non-GAAP operating profit margin, adjusted diluted earnings per share, free cash flow (use), net debt, EBITDA, and adjusted EBITDA. The Company uses these Non-GAAP financial measures, in addition to GAAP financial measures, to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Also, the Company uses these Non-GAAP financial measures in making operational and financial decisions and in establishing operational goals. The Company also believes providing these Non-GAAP financial measures to investors, as a supplement to GAAP financial measures, helps investors evaluate our operating and financial performance and trends in our business, consistent with how management evaluates such performance and trends. The Company also believes these Non-GAAP financial measures may be useful to investors in comparing its performance to the performance of other companies, although its Non-GAAP financial measures are specific to the Company and the Non-GAAP financial measures of other companies may not be calculated in the same manner. We provide EBITDA and adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditure and working capital requirements. We consider free cash flow (use) to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business operations that, after the purchase of property and equipment, capitalized software development and other discrete items as determined by management, can be used for debt servicing, strategic opportunities, including investing in the business, making strategic acquisitions, strengthening the balance sheet, paying dividends, and repurchasing our common shares. For more information, please refer to the section, "Notes for Non-GAAP Measures." Forward-Looking Statements This press release may contain statements that are not historical information and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements include, but are not limited to, projections, statements regarding the Company's expected future performance (including expected results of operations), future financial condition, anticipated operating results, strategy plans, future liquidity and financial position. Statements can generally be identified as forward looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “will,” “estimates,” “potential,” “target,” “predict,” “project,” “seek,” and variations thereof or “could,” “should” or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements, which reflect the current views of the Company with respect to future events and are subject to assumptions, risks and uncertainties that could cause actual results to differ materially. Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the Company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The factors that may affect our results include, among others: • the success of new products and services, including Branch Automation Solutions for banking, cash recycling technology and Vynamic Smart Vision technology; • ability to successfully execute on our digitally enabled hardware, services and software strategy; • ability to generate sufficient cash flows to service our indebtedness, fund our operations, make adequate capital investments and return capital to stockholders, including through discretionary share repurchases; • the ultimate benefits of continuous improvement programs and other cost savings plans; • the impact of competitive pressures, including pricing and the introduction of new products and services by our competitors, as well as from less traditional competitors; • risks related to our international operations, including geopolitical instability and wars; • developments from recent and potential changes to trade policies by the U.S. or other countries, including tariffs; Page 3
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• the impact of the proliferation of payment options other than cash, which could result in a reduced need for cash in the marketplace and a resulting decline in the usage of ATMs; • the impact of general economic conditions, cyclicality and uncertainty; • the impact of increased energy, raw material and labor costs; • the impact of a cybersecurity incident or operational failure on our business; • risks related to increasingly stringent laws, regulations and contractual obligations relating to privacy, data protection and information security; • challenges associated with the use of artificial intelligence in our business and in solutions offered to our customers; • reliance on suppliers, subcontractors and availability of raw materials and other components; • reliance on third parties, including to provide security systems and systems integration as well as outsourced business processes and other financial services; • ability to attract, retain and motivate key employees; • the impact of additional tax expense or exposures; • the potential for additional pension liability or expense associated with low investment performance by our pension plan assets; • success in executing potential acquisitions, investments or partnerships and divestitures; • the impact of market and economic conditions, including the bankruptcies, restructuring or consolidations of financial institutions, which could reduce our customer base and/or adversely affect our customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit; • changes in political, economic or other factors such as currency exchange rates, inflation rates (including the impact of possible currency devaluations in countries experiencing high inflation rates), recessionary or expansive trends, disruption in energy supply, taxes and regulations and laws affecting the worldwide business in each of our operations; • ability to maintain effective internal controls; • the impact of regulatory and financial risks related to climate change; • the impact of work stoppages or similar difficulties; • the impact of an adverse determination that our services, products or manufacturing processes infringe the intellectual property rights of others, or our failure to enforce its intellectual property rights; • exposure to liabilities under the Foreign Corrupt Practices Act (FCPA) or other worldwide anti-bribery laws; • the effect of changes in law and regulations or the manner of enforcement in the United States and internationally and our ability to comply with applicable laws and regulations; • the amount and timing of any repurchases of our common shares; and • other factors included in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2025. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Page 4
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Summary Financial Results (Unaudited) Three months ended Six months ended ($ in millions) June 30, 2026 June 30, 2025 % Change June 30, 2026 June 30, 2025 % Change Net cash provided (used) by operating activities $ (13.6) $ 30.0 (145.3) $ 18.1 $ 45.8 (60.5) Capital expenditures (7.8) (8.0) 2.5 (13.4) (15.9) 15.7 Capitalized software development (7.5) (9.4) 20.2 (12.9) (11.1) (16.2) Free cash flow (use) (Non- GAAP measure) (28.9) 12.6 (329.4) (8.2) 18.8 (143.6) Discrete tax payments1 17.9 — N/M 17.9 — N/M Free cash flow (use), excluding discrete tax payments (Non-GAAP measure) $ (11.0) $ 12.6 (187.3) $ 9.7 $ 18.8 (48.4) 1 - During Q2 2026, the Company timely filed its German corporate income tax return for the 2024 tax year. Due to increased profitability in our German legal entities, the Company’s remaining net operating loss carryforward was utilized on the 2024 return, and the Company paid its resulting 2024 discrete German tax liability during Q2 2026. As a result, the Company is now expected to be a cash taxpayer in Germany going forward, and it will be required to remit additional discrete German estimated tax payments during Q3 2026 and Q4 2026 for the 2024 and 2025 tax years. Consequently, the Company will be paying German cash tax attributable to three separate tax years (2024, 2025, and 2026) during 2026. Cash taxes paid during 2026 attributable to 2024 and 2025, estimated to total approximately $50 million, are and will be excluded from Free Cash Flow to better reflect underlying operating cash generation. Three months ended June 30, 2026 June 30, 2025 % Change ($ in millions) GAAP Non-GAAP1 GAAP Non-GAAP1 GAAP Non-GAAP Services $ 552.4 $ 549.2 $ 542.6 $ 542.6 1.8 1.2 Products 378.4 378.4 372.6 372.6 1.6 1.6 Total net sales $ 930.8 $ 927.6 $ 915.2 $ 915.2 1.7 1.4 Services $ 130.2 $ 136.6 $ 130.6 $ 138.4 (0.3) (1.3) Products 109.4 108.7 103.4 104.3 5.8 4.2 Total gross profit $ 239.6 $ 245.3 $ 234.0 $ 242.7 2.4 1.1 Services 23.6 % 24.9 % 24.1 % 25.5 % (50) bps (60) bps Products 28.9 % 28.7 % 27.8 % 28.0 % 110 bps 70 bps Total gross margin 25.7 % 26.4 % 25.6 % 26.5 % 10 bps (10) bps Selling and administrative expense $ 162.3 $ 142.4 $ 154.2 $ 147.1 5.3 (3.2) Research, development and engineering expense 20.5 20.5 22.4 22.2 (8.5) (7.7) Other operating expenses (income) (0.6) 0.1 1.2 0.3 N/M (66.7) Operating expenses, net $ 182.2 $ 163.0 $ 177.8 $ 169.6 2.5 (3.9) Operating profit $ 57.4 $ 82.3 $ 56.2 $ 73.1 2.1 12.6 Operating margin 6.2 % 8.9 % 6.1 % 8.0 % 10 bps 90 bps Net income attributable to Diebold Nixdorf $ 15.5 $ 36.5 $ 12.2 $ 22.5 27.0 62.2 Net income margin 1.7 % 3.9 % 1.3 % 2.5 % 40 bps 140 bps Adjusted EBITDA $ 120.6 $ 111.2 8.5 Adjusted EBITDA margin 13.0 % 12.2 % Net income Summary - Unaudited Page 5
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Six months ended June 30, 2026 June 30, 2025 % Change ($ in millions) GAAP Non-GAAP2 GAAP Non-GAAP2 GAAP Non-GAAP Services $ 1,089.2 $ 1,082.5 $ 1,051.1 $ 1,051.1 3.6 3.0 Products 733.3 733.3 705.2 705.2 4.0 4.0 Total net sales $ 1,822.5 $ 1,815.8 $ 1,756.3 $ 1,756.3 3.8 3.4 Services $ 250.9 $ 268.9 $ 247.8 $ 266.1 1.3 1.1 Products 201.7 201.9 188.6 189.8 6.9 6.4 Total gross profit $ 452.6 $ 470.8 $ 436.4 $ 455.9 3.7 3.3 Services 23.0 % 24.8 % 23.6 % 25.3 % (60) bps (50) bps Products 27.5 % 27.5 % 26.7 % 26.9 % 80 bps 60 bps Total gross margin 24.8 % 25.9 % 24.8 % 26.0 % — bps (10) bps Selling and administrative expense $ 319.5 $ 284.7 $ 306.0 $ 292.4 4.4 (2.6) Research, development and engineering expense 42.6 42.6 45.1 42.5 (5.5) 0.2 Other operating expenses (income) 0.5 0.4 (0.5) — N/M N/M Operating expenses, net $ 362.6 $ 327.7 $ 350.6 $ 334.9 3.4 (2.1) Operating profit $ 90.0 $ 143.1 $ 85.8 $ 121.0 4.9 18.3 Operating margin 4.9 % 7.9 % 4.9 % 6.9 % — bps 100 bps Net income attributable to Diebold Nixdorf $ 20.5 $ 57.6 $ 3.9 $ 25.0 N/M N/M Net income margin 1.1 % 3.2 % 0.2 % 1.4 % 90 bps 180 bps Adjusted EBITDA $ 219.7 $ 198.5 10.7 Adjusted EBITDA margin 12.1 % 11.3 % 2 - See Note 1 below for GAAP to Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sales of assets, net, and impairment of assets. Net income Summary - Unaudited Page 6
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Gross Margin by Segment - Unaudited Three months ended June 30, 2026 June 30, 2025 ($ in millions) Banking Retail Banking Retail GAAP Non-GAAP3 GAAP Non-GAAP3 GAAP Non-GAAP3 GAAP Non-GAAP3 Services $ 401.5 $ 398.3 $ 150.9 $ 150.9 $ 407.4 $ 407.4 $ 135.2 $ 135.2 Products 236.6 236.6 141.8 141.8 271.8 271.8 100.8 100.8 Total net sales $ 638.1 $ 634.9 $ 292.7 $ 292.7 $ 679.2 $ 679.2 $ 236.0 $ 236.0 Services $ 86.7 $ 94.1 $ 43.5 $ 42.5 $ 98.8 $ 103.4 $ 31.8 $ 35.0 Products 87.5 87.0 21.9 21.7 82.6 83.3 20.8 21.0 Total gross profit $ 174.2 $ 181.1 $ 65.4 $ 64.2 $ 181.4 $ 186.7 $ 52.6 $ 56.0 Services 21.6 % 23.6 % 28.8 % 28.2 % 24.3 % 25.4 % 23.5 % 25.9 % Products 37.0 % 36.8 % 15.4 % 15.3 % 30.4 % 30.6 % 20.6 % 20.8 % Total gross margin 27.3 % 28.5 % 22.3 % 21.9 % 26.7 % 27.5 % 22.3 % 23.7 % Six months ended June 30, 2026 June 30, 2025 ($ in millions) Banking Retail Banking Retail GAAP Non-GAAP3 GAAP Non-GAAP3 GAAP Non-GAAP3 GAAP Non-GAAP3 Services $ 792.7 $ 786.0 $ 296.5 $ 296.5 $ 789.5 $ 789.5 $ 261.6 $ 261.6 Products 469.6 469.6 263.7 263.7 519.1 519.1 186.1 186.1 Total net sales $ 1,262.3 $ 1,255.6 $ 560.2 $ 560.2 $ 1,308.6 $ 1,308.6 $ 447.7 $ 447.7 Services $ 173.3 $ 186.2 $ 77.6 $ 82.7 $ 188.6 $ 196.8 $ 59.2 $ 69.3 Products 159.6 160.0 42.1 41.9 150.5 151.5 38.1 38.3 Total gross profit $ 332.9 $ 346.2 $ 119.7 $ 124.6 $ 339.1 $ 348.3 $ 97.3 $ 107.6 Services 21.9 % 23.7 % 26.2 % 27.9 % 23.9 % 24.9 % 22.6 % 26.5 % Products 34.0 % 34.1 % 16.0 % 15.9 % 29.0 % 29.2 % 20.5 % 20.6 % Total gross margin 26.4 % 27.6 % 21.4 % 22.2 % 25.9 % 26.6 % 21.7 % 24.0 % 3 - See Note 1 under Notes for Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sale of assets, net, and impairment of assets and Note 2 for adjusted EBITDA and net income (loss). Page 7
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DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES STATEMENT OF FINANCIAL POSITION - UNAUDITED (in millions) June 30, 2026 December 31, 2025 ASSETS Current assets Cash, cash equivalents, and restricted cash $ 282.4 $ 387.3 Short-term investments — 29.1 Trade receivables, net of allowances 573.4 609.4 Inventories 595.9 521.0 Other current assets 260.1 240.0 Total current assets 1,711.8 1,786.8 Property, plant and equipment, net 306.4 286.0 Deferred income taxes 102.9 105.0 Goodwill 627.8 642.4 Customer relationships and other intangible assets, net 743.2 792.4 Other assets 244.5 241.8 Total assets $ 3,736.6 $ 3,854.4 LIABILITIES AND EQUITY Current liabilities Accounts payable $ 506.2 $ 431.1 Deferred revenue 300.3 325.8 Other current liabilities 544.3 614.6 Total current liabilities 1,350.8 1,371.5 Long-term debt 942.9 938.5 Other liabilities 466.4 439.6 Total Diebold Nixdorf shareholders' equity 969.2 1,099.9 Noncontrolling interests 7.3 4.9 Total equity 976.5 1,104.8 Total liabilities and equity $ 3,736.6 $ 3,854.4 Page 8
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DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES STATEMENT OF EARNINGS (LOSS) - UNAUDITED (in millions, except per share amounts) Three months ended Six months ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net sales Services $ 552.4 $ 542.6 $ 1,089.2 $ 1,051.1 Products 378.4 372.6 733.3 705.2 Total 930.8 915.2 1,822.5 1,756.3 Cost of sales Services 422.2 412.0 838.3 803.3 Products 269.0 269.2 531.6 516.6 Total 691.2 681.2 1,369.9 1,319.9 Gross profit 239.6 234.0 452.6 436.4 Gross margin 25.7 % 25.6 % 24.8 % 24.8 % Operating expenses Selling and administrative expense 162.3 154.2 319.5 306.0 Research, development and engineering expense 20.5 22.4 42.6 45.1 Other operating expense (income) (0.6) 1.2 0.5 (0.5) Total 182.2 177.8 362.6 350.6 Percent of net sales 19.6 % 19.4 % 19.9 % 20.0 % Operating profit 57.4 56.2 90.0 85.8 Operating margin 6.2 % 6.1 % 4.9 % 4.9 % Other income (expense) Interest income 2.1 2.5 5.0 4.0 Interest expense (24.1) (21.8) (47.4) (43.3) Foreign exchange, net (2.4) (22.2) (4.8) (40.7) Miscellaneous, net 3.3 2.5 5.9 4.0 Total other income (expense) (21.1) (39.0) (41.3) (76.0) Income before taxes 36.3 17.2 48.7 9.8 Income tax expense 19.2 4.8 25.0 2.6 Equity in earnings (loss) of unconsolidated subsidiaries, net (0.9) 0.3 (2.0) (1.9) Net income 16.2 12.7 21.7 5.3 Net income attributable to noncontrolling interests 0.7 0.5 1.2 1.4 Net income attributable to Diebold Nixdorf $ 15.5 $ 12.2 $ 20.5 $ 3.9 Basic weighted-average shares outstanding 34.4 37.2 34.7 37.4 Diluted weighted-average shares outstanding 35.3 37.5 35.6 37.7 Net income attributable to Diebold Nixdorf Basic earnings per share $ 0.45 $ 0.33 $ 0.59 $ 0.10 Diluted earnings per share $ 0.44 $ 0.33 $ 0.58 $ 0.10 Page 9
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DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (in millions) Six months ended June 30, 2026 June 30, 2025 Cash flow from operating activities Net income $ 21.7 $ 5.3 Adjustments to reconcile net income to cash flow provided (used) by operating activities: Depreciation and amortization 62.2 65.1 Amortization of deferred financing costs into interest expense 3.3 3.1 Share-based compensation 7.4 6.3 Deferred income taxes 2.2 (8.8) (Gain) loss on foreign currency translation (1.7) 41.3 Other 1.5 0.1 Changes in certain assets and liabilities: Trade receivables 26.8 33.4 Inventories (82.8) 5.0 Accounts payable 85.0 (66.7) Deferred revenue (2.7) 1.6 Sales tax and net value added tax (30.1) (3.3) Accrued salaries, wages and commissions (32.0) (20.5) Income taxes (30.6) (17.1) Certain other assets and liabilities (12.1) 1.0 Net cash provided by operating activities 18.1 45.8 Cash flow from investing activities Capital expenditures (13.4) (15.9) Capitalized software development (12.9) (11.1) Net short-term investment activity 28.8 (7.6) Other investments 2.2 1.8 Net cash provided (used) by investing activities 4.7 (32.8) Cash flow from financing activities Dividends paid to noncontrolling interest shareholder — (2.0) Treasury share activity (121.0) (39.7) Other (3.7) (2.4) Net cash used by financing activities (124.7) (44.1) Effect of exchange rate changes on cash, cash equivalents and restricted cash (3.0) 15.0 Change in cash, cash equivalents and restricted cash (104.9) (16.1) Cash, cash equivalents and restricted cash at the beginning of the period 387.3 311.3 Cash, cash equivalents and restricted cash at the end of the period $ 282.4 $ 295.2 Page 10
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Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt. Note 1. Profit and loss summary ($ in millions): Three months ended June 30, 2026 compared to three months ended June 30, 2025. Three months ended June 30, 2026 GAAP Restructuring and other savings initiative expenses Non-core Turkey operation activity Non-core Turkey operation impairment Other Non-GAAP Adjusted results Services net sales $ 552.4 $ — $ (3.2) $ — $ — $ 549.2 Product net sales 378.4 — — — — 378.4 Net Sales 930.8 — (3.2) — — 927.6 Services cost of sales 422.2 (5.7) (3.9) — — 412.6 Product cost of sales 269.0 0.6 0.1 — — 269.7 Cost of Sales 691.2 (5.1) (3.8) — — 682.3 Gross Profit 239.6 5.1 0.6 — — 245.3 % of Sales 25.7 % 26.4 % Selling and administrative expense 162.3 (14.5) (2.4) — (3.0) 142.4 Research, development and engineering expense 20.5 — — — — 20.5 Other operating expense (income) (0.6) — — 0.7 — 0.1 Operating profit $ 57.4 $ 19.6 $ 3.0 $ (0.7) $ 3.0 $ 82.3 % of Sales 6.2 % 8.9 % Three months ended June 30, 2025 GAAP Restructuring and other savings initiative expenses Non-core Turkey operation activity Non-core Turkey operation impairment Other Non-GAAP Adjusted results Services net sales $ 542.6 $ — $ — $ — $ — $ 542.6 Product net sales 372.6 — — — — 372.6 Net Sales 915.2 — — — — 915.2 Services cost of sales 412.0 (7.8) — — — 404.2 Product cost of sales 269.2 (0.9) — — — 268.3 Cost of Sales 681.2 (8.7) — — — 672.5 Gross Profit 234.0 8.7 — — — 242.7 % of Sales 25.6 % 26.5 % Selling and administrative expense 154.2 (6.3) — — (0.8) 147.1 Research, development and engineering expense 22.4 (0.2) — — — 22.2 Other operating expense (income) $ 1.2 (1.1) — — 0.2 0.3 Operating profit $ 56.2 $ 16.3 $ — $ — $ 0.6 $ 73.1 % of Sales 6.1 % 8.0 % Page 11
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Three months ended June 30, 2026 June 30, 2025 Services Products Total Services Products Total Gross Profit $ 130.2 $ 109.4 $ 239.6 $ 130.6 $ 103.4 $ 234.0 Restructuring and other savings initiative expenses 5.7 (0.6) 5.1 7.8 0.9 8.7 Non-core Turkey operation 0.7 (0.1) 0.6 — — — Non-GAAP Adjusted Gross Profit $ 136.6 $ 108.7 $ 245.3 $ 138.4 $ 104.3 $ 242.7 Non-GAAP Adjusted Gross Margin 24.9 % 28.7 % 26.4 % 25.5 % 28.0 % 26.5 % Three months ended June 30, 2026 Three months ended June 30, 2025 GAAP Restructuring and other savings initiative expenses Non-Core Turkey and other Non-GAAP GAAP Restructuring and other savings initiative expenses Non-Core Turkey and other Non-GAAP Banking Services net sales $ 401.5 — (3.2) $ 398.3 $ 407.4 — — $ 407.4 Product net sales 236.6 — — 236.6 271.8 — — 271.8 Total Banking net sales $ 638.1 — (3.2) $ 634.9 $ 679.2 — — $ 679.2 Services cost of sales $ 314.8 (7.0) (3.6) $ 304.2 $ 308.6 (4.6) — $ 304.0 Product cost of sales 149.1 0.4 0.1 149.6 189.2 (0.7) — 188.5 Total Banking cost of sales $ 463.9 (6.6) (3.5) $ 453.8 $ 497.8 (5.3) — $ 492.5 Services gross profit $ 86.7 7.0 0.4 $ 94.1 $ 98.8 4.6 — $ 103.4 Product gross profit 87.5 (0.4) (0.1) 87.0 82.6 0.7 — 83.3 Total Banking gross profit $ 174.2 6.6 0.3 $ 181.1 $ 181.4 5.3 — $ 186.7 Services gross margin 21.6 % 23.6 % 24.3 % 25.4 % Product gross margin 37.0 % 36.8 % 30.4 % 30.6 % Total Banking gross margin 27.3 % 28.5 % 26.7 % 27.5 % Retail Services net sales $ 150.9 — — $ 150.9 $ 135.2 — — $ 135.2 Product net sales 141.8 — — 141.8 100.8 — — 100.8 Total Retail net sales $ 292.7 — — $ 292.7 $ 236.0 — — $ 236.0 Services cost of sales $ 107.4 1.3 (0.3) $ 108.4 $ 103.4 (3.2) — $ 100.2 Product cost of sales 119.9 0.2 — 120.1 80.0 (0.2) — 79.8 Total Retail cost of sales $ 227.3 1.5 (0.3) $ 228.5 $ 183.4 (3.4) — $ 180.0 Services gross profit $ 43.5 (1.3) 0.3 $ 42.5 $ 31.8 3.2 — $ 35.0 Product gross profit 21.9 (0.2) — 21.7 20.8 0.2 — 21.0 Total Retail gross profit $ 65.4 (1.5) 0.3 $ 64.2 $ 52.6 3.4 — $ 56.0 Services gross margin 28.8 % 28.2 % 23.5 % 25.9 % Product gross margin 15.4 % 15.3 % 20.6 % 20.8 % Total Retail gross margin 22.3 % 21.9 % 22.3 % 23.7 % Page 12
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Six months ended June 30, 2026 compared to six months ended June 30, 2025. Six months ended June 30, 2026 GAAP Restructuring and other savings initiative expenses Non-core Turkey operation activity Non-core Turkey operation impairment Other Non-GAAP Adjusted results Services net sales $ 1,089.2 $ — $ (6.7) $ — $ — $ 1,082.5 Product net sales 733.3 — — — — 733.3 Net Sales 1,822.5 — (6.7) — — 1,815.8 Services cost of sales 838.3 (17.3) (7.4) — — 813.6 Product cost of sales 531.6 0.1 (0.3) — — 531.4 Cost of Sales 1,369.9 (17.2) (7.7) — — 1,345.0 Gross Profit 452.6 17.2 1.0 — — 470.8 % of Sales 24.8 % 25.9 % Selling and administrative expense 319.5 (26.5) (3.3) — (5.0) 284.7 Research, development and engineering expense 42.6 — — — — 42.6 Other operating expense (income) 0.5 — — (4.8) 4.7 0.4 Operating profit $ 90.0 $ 43.7 $ 4.3 $ 4.8 $ 0.3 $ 143.1 % of Sales 4.9 % 7.9 % Six months ended June 30, 2025 GAAP Restructuring and other savings initiative expenses Non-core Turkey operation activity Non-core Turkey operation impairment Other Non-GAAP Adjusted results Services net sales $ 1,051.1 $ — $ — $ — $ — $ 1,051.1 Product net sales 705.2 — — — — 705.2 Net Sales 1,756.3 — — — — 1,756.3 Services cost of sales 803.3 (18.3) — — — 785.0 Product cost of sales 516.6 (1.2) — — — 515.4 Cost of Sales 1,319.9 (19.5) — — — 1,300.4 Gross Profit 436.4 19.5 — — — 455.9 % of Sales 24.8 % 26.0 % Selling and administrative expense 306.0 (13.1) — — (0.5) 292.4 Research, development and engineering expense 45.1 (2.6) — — — 42.5 Other operating expense (income) (0.5) (1.1) — — 1.6 — Operating profit $ 85.8 $ 36.3 $ — $ — $ (1.1) $ 121.0 % of Sales 4.9 % 6.9 % Page 13
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Six months ended June 30, 2026 June 30, 2025 Services Products Total Services Products Total Gross Profit $ 250.9 $ 201.7 $ 452.6 $ 247.8 $ 188.6 $ 436.4 Restructuring and other savings initiative expenses 17.3 (0.1) 17.2 18.3 1.2 19.5 Other 0.7 0.3 1.0 — — — Non-GAAP Adjusted Gross Profit $ 268.9 $ 201.9 $ 470.8 $ 266.1 $ 189.8 $ 455.9 Non-GAAP Adjusted Gross Margin 24.8 % 27.5 % 25.9 % 25.3 % 26.9 % 26.0 % Six months ended June 30, 2026 Six months ended June 30, 2025 GAAP Restructuring and other savings initiative expenses Non-Core Turkey and other Non-GAAP GAAP Restructuring and other savings initiative expenses Non-Core Turkey and other Non-GAAP Banking Services net sales $ 792.7 $ — $ (6.7) $ 786.0 $ 789.5 $ — $ — $ 789.5 Product net sales 469.6 — — 469.6 519.1 — — 519.1 Total Banking net sales $ 1,262.3 $ — $ (6.7) $ 1,255.6 $ 1,308.6 $ — $ — $ 1,308.6 Services cost of sales $ 619.4 $ (12.5) $ (7.1) $ 599.8 $ 600.9 $ (8.2) $ — $ 592.7 Product cost of sales 310.0 (0.1) (0.3) 309.6 368.6 (1.0) — 367.6 Total Banking cost of sales $ 929.4 $ (12.6) $ (7.4) $ 909.4 $ 969.5 $ (9.2) $ — $ 960.3 Services gross profit $ 173.3 $ 12.5 $ 0.4 186.2 $ 188.6 $ 8.2 $ — $ 196.8 Product gross profit 159.6 0.1 0.3 160.0 150.5 1.0 — 151.5 Total Banking gross profit $ 332.9 $ 12.6 $ 0.7 $ 346.2 $ 339.1 $ 9.2 $ — $ 348.3 Services gross margin 21.9 % 23.7 % 23.9 % 24.9 % Product gross margin 34.0 % 34.1 % 29.0 % 29.2 % Total Banking gross margin 26.4 % 27.6 % 25.9 % 26.6 % Retail Services net sales $ 296.5 $ — $ — $ 296.5 $ 261.6 $ — $ — $ 261.6 Product net sales 263.7 — — 263.7 186.1 — — 186.1 Total Retail net sales $ 560.2 $ — $ — $ 560.2 $ 447.7 $ — $ — $ 447.7 Services cost of sales $ 218.9 $ (4.8) $ (0.3) $ 213.8 $ 202.4 $ (10.1) $ — $ 192.3 Product cost of sales 221.6 0.2 — 221.8 148.0 (0.2) — 147.8 Total Retail cost of sales $ 440.5 $ (4.6) $ (0.3) $ 435.6 $ 350.4 $ (10.3) $ — $ 340.1 Services gross profit $ 77.6 $ 4.8 $ 0.3 $ 82.7 $ 59.2 $ 10.1 $ — $ 69.3 Product gross profit 42.1 (0.2) — 41.9 38.1 0.2 — 38.3 Total Retail gross profit $ 119.7 $ 4.6 $ 0.3 $ 124.6 $ 97.3 $ 10.3 $ — $ 107.6 Services gross margin 26.2 % 27.9 % 22.6 % 26.5 % Product gross margin 16.0 % 15.9 % 20.5 % 20.6 % Total Retail gross margin 21.4 % 22.2 % 21.7 % 24.0 % Restructuring and other savings initiative expenses incurred during 2026 and 2025 relate to the cost savings initiative focused on operational simplification and automation of processes, and include severance and payroll of employees transitioning out of the organization and the costs of third-parties assisting with the execution of the program. Page 14
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Note 2. Reconciliation of net income (loss) to EBITDA and Adjusted EBITDA (Non-GAAP measures) ($ in millions): Three months ended Six months ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income $ 16.2 $ 12.7 $ 21.7 $ 5.3 Income tax expense 19.2 4.8 25.0 2.6 Interest income (2.1) (2.5) (5.0) (4.0) Interest expense 24.1 21.8 47.4 43.3 Depreciation and amortization 32.0 32.3 64.5 67.2 EBITDA 89.4 69.1 153.6 114.4 Share-based compensation 4.2 3.3 7.4 6.3 Restructuring and other savings initiative expenses 19.6 16.3 43.7 36.3 Non-core Turkey operation4 2.3 — 9.1 — Foreign exchange loss (gain), net 2.4 22.2 4.8 40.7 Equity in earnings (loss) of unconsolidated subsidiaries, net 0.9 (0.3) 2.0 1.9 Non-routine (income) expense, net 1.8 0.6 (0.9) (1.1) Adjusted EBITDA $ 120.6 $ 111.2 $ 219.7 $ 198.5 Adjusted EBITDA as a % of revenue 13.0 % 12.2 % 12.1 % 11.3 % 4 - In the first quarter 2026, the Company began to wind down operations of a non-core Turkey operation, which is expected to be completed by the end of 2026. Total net sales for this non-core Turkey operation accounted for 0.3% and 1.1% of total consolidated revenue and contributed a loss to adjusted EBITDA of ~(2.5%) and ~(0.6%) of total consolidated adjusted EBITDA for the three ended June 30, 2026 and 2025, respectively. Excluding net sales and adjusted EBITDA of the non-core Turkey business, revenue increased (decreased) by 2.4% and (3.6)%, and adjusted EBITDA increased (decreased) by 7.6% and (5.6)% for the three months ended June 30, 2026 and 2025, respectively. Total net sales for this non-core Turkey operation accounted for 0.4% and 0.8% of total consolidated revenue and contributed a loss to adjusted EBITDA of ~(2.0%) and ~(0.7)% of total consolidated adjusted EBITDA for the six months ended June 30, 2026 and 2025, respectively. Excluding net sales and adjusted EBITDA of the non-core Turkey business, revenue increased (decreased) by 4.2% and (5.1)% and adjusted EBITDA increased (decreased) by 9.8% and (9.9%) for the six months ended June 30, 2026 and 2025, respectively. The Company defines EBITDA as net income (loss) excluding income tax benefit (expense), net interest expense, and depreciation and amortization expense. Adjusted EBITDA is EBITDA excluding the effects of the following items: share-based compensation, foreign exchange loss (gain), net, equity in earnings (loss) of unconsolidated subsidiaries, net, restructuring and other savings initiative expenses, wind down of a non-core Turkey business operation, and other non-routine (income) expenses, net as outlined in Note 1 of the Non-GAAP measures. Deferred financing fee amortization is included in interest expense; as a result, the company has excluded such fees from the depreciation and amortization caption. Depreciation and amortization includes $1.2 and $0.9 for the three months ended June 30, 2026 and 2025, respectively and $2.3 and $2.2 for the six months ended June 30, 2026 and 2025, respectively, of amortization of cloud-based software implementation which represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included in selling and administrative expenses. These are Non-GAAP financial measures used by management to enhance the understanding of our operating results. EBITDA and Adjusted EBITDA are key measures we use to evaluate our operational performance. We provide EBITDA and Adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and Adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditures, and working capital requirements. However, EBITDA and Adjusted EBITDA should not be considered as alternatives to net income as a measure of operating results or as alternatives to cash flows from operating activities as a measure of liquidity in accordance with GAAP. Note 3. Net debt is calculated as follows ($ in millions): June 30, 2026 December 31, 2025 June 30, 2025 Cash, cash equivalents, restricted cash and short-term investments (GAAP measure) $ 282.4 $ 416.4 $ 310.4 Debt instruments (971.7) (970.7) (966.5) Net debt (Non-GAAP measure) $ (689.3) $ (554.3) $ (656.1) We believe that cash, cash equivalents, restricted cash, and short-term investments on the balance sheet that net cash against outstanding debt, presented as net debt above, is a meaningful measure. Page 15
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Note 4. Reconciliation of GAAP net income (loss) attributable to Diebold Nixdorf, Incorporated to adjusted net income (loss) attributable to Diebold Nixdorf, Incorporated: Three months ended June 30, 2026 June 30, 2025 ($ in millions, except per share data) $ EPS5 $ EPS5 Net income $ 16.2 $ 0.46 $ 12.7 $ 0.34 Net income attributable to noncontrolling interests 0.7 0.02 0.5 0.01 Net income attributable to Diebold Nixdorf $ 15.5 $ 0.44 $ 12.2 $ 0.33 Restructuring and other savings initiative expenses 19.6 0.56 16.3 0.43 Non-core Turkey operation 2.3 0.07 — — Other 1.8 0.05 0.6 0.02 Tax impact of Non-GAAP adjustments (2.7) (0.08) (6.6) (0.18) Total adjusted net income (Non-GAAP measure) $ 37.2 $ 1.05 $ 23.0 $ 0.61 Net income attributable to noncontrolling interests 0.7 0.02 0.5 0.01 Total adjusted net income attributable to Diebold Nixdorf, Incorporated (Non-GAAP measure) $ 36.5 $ 1.03 $ 22.5 $ 0.60 Foreign exchange loss (gain), net6 2.4 0.07 22.2 0.59 Tax impact of foreign exchange gain (loss) (0.2) (0.01) (9.5) (0.25) Total adjusted net income attributable to Diebold Nixdorf, Incorporated excluding foreign exchange loss (gain), net (Non-GAAP measure) $ 38.7 $ 1.10 $ 35.2 $ 0.94 Six months ended June 30, 2026 June 30, 2025 ($ in millions, except per share data) $ EPS5 $ EPS5 Net income (loss) $ 21.7 $ 0.61 $ 5.3 $ 0.14 Net income attributable to noncontrolling interests 1.2 0.03 1.4 0.04 Net income (loss) attributable to Diebold Nixdorf $ 20.5 $ 0.58 $ 3.9 $ 0.10 Restructuring and other savings initiative expenses 43.7 1.23 36.3 0.96 Non-core Turkey operation 9.1 0.26 — — Other (0.9) (0.03) (1.1) (0.03) Tax impact of Non-GAAP adjustments (14.8) (0.42) (14.1) (0.37) Total adjusted net income (Non-GAAP measure) $ 58.8 $ 1.65 $ 26.4 $ 0.70 Net income attributable to noncontrolling interests 1.2 0.03 1.4 0.04 Total adjusted net income attributable to Diebold Nixdorf, Incorporated (Non-GAAP measure) $ 57.6 $ 1.62 $ 25.0 $ 0.66 Foreign exchange loss (gain), net6 4.8 0.13 40.7 1.08 Tax impact of foreign exchange gain (loss) (0.2) (0.01) (17.5) (0.46) Total adjusted net income attributable to Diebold Nixdorf, Incorporated excluding foreign exchange loss (gain), net (Non-GAAP measure) $ 62.2 $ 1.75 $ 48.2 $ 1.28 5 - Calculated using company diluted weighted average shares over the period. Subtotal differences may occur due to rounding. 6 - The foreign exchange (loss) gain, net is primarily driven by non-dollar intercompany loans (BRL and EUR) on USD functional entities which have generated non-cash unrealized losses due to a weakening dollar and did not impact core operations. PR_26-4215 Page 16