MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
PRESS RELEASE
MARZOCCHI POMPE: APPROVAL OF CONSOLIDATED HALF-YEAR REPORT
AT 30 JUNE 2026
SALES REVENUE STABLE, WITH STRONG RECOVERY IN MARGINS
INNOVATION AND INTERNATIONAL EXPANSION AT THE CORE OF THE
GROWTH STRATEGY:
PATENT FOR BI-DIRECTIONAL REVERSIBLE ELIKA PUMPS
JOINT VENTURE IN INDIA TO SEIZE THE OPPORTUNITIES OF A GROWING MARKET
KEY CONSOLIDATED FIGURES:
TOTAL SALES REVENUE: € 18.7 million, +0.6% vs. € 18.6 million at 30 June 2025 EBITDA: € 2.26 million, +8.9% vs. € 2.07 million at 30 June 2025 (Adjusted1) EBITDA Margin2: 11.7% vs. 10.5% in 1° half 2025 ( Adjusted1) NET RESULT: € 0.5 million, vs. € -0.78 million at 30 June 2025 ADJUSTED NET FINANCIAL DEBT3: € 7.8 million, in line with the figure at end 2025 EQUITY: € 21.1 million vs. € 20.9 million at 31/12/2025
Bologna, 28 September 2026 - The Board of Directors of Marzocchi Pompe S.p.A. (EGM: MARP), a leading company in the design, manufacturing, and marketing of high-performance gear pumps and motors, met today under the chairmanship of Paolo Marzocchi and approved the consolidated half-year report at 30 June 2026, subject to limited audit by PricewaterhouseCoopers S.p.A. on a voluntary basis.
In the words of Gabriele Bonfiglioli, CEO of Marzocchi Pompe : “The first half of the year confirms the effectiveness of the strategies implemented in recent years: in a market environment that remains particularly challenging for the manufacturing sector, we achieved a strong recovery in margins across the board. These results reflect the benefits of the extensive restructuring carried
1 In first half 2025, an adjustment of € 1.41 million was made to Personnel expense for non-recurring costs 2 EBITDA Margin calculated on Revenue from production and sales, defined as the algebraic sum of revenue from sales and the change (positive or negative) in work in progress and finished products 3 Net of € 5.7 million in three- and six-month restricted savings bank deposits set up by the Parent Company and its subsidiary Marzocchi Pumps U.S.A. at 30 June 2026 (vs. € 2.6 million at end 2025)
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
out in 2025, which improved productivity and organizational efficiency and laid solid foundations for future growth. Alongside this, investments in innovation, new products and international expansion will continue to be strategic drivers of Marzocchi Pompe's development”.
KEY CONSOLIDATED INCOME-FINANCIAL RESULTS AT 30 JUNE 2026
Unlike first half 2025, which was burdened by restructuring costs, first half 2026 was not affected by events or circumstances giving rise to non-recurring costs or revenue.
The half-year results underscore the strong resilience of the Marzocchi Pompe Group, which has maintained its market share in the gear pump sector despite the continued challenging global economic environment.
€ Million 30 June 2026 30 June 2025 % change Revenue from sales 18.7 18.6 +0.6% Value of Production 19.9 20.0 -0.4%
EBITDA 2.26 2.07 1 +8.9%
EBITDA Margin 11.73% 10.51% 2
EBIT 1.1 0.9 3 +16.3%
Profit (loss) before tax 0.7 (1.0) -
Net profit 0.5 (0.8) -
€ Million 30 June 2026 31 December 2025 Net Capital Employed 34.6 31.3 +10.5% Equity 21.1 20.9 +0.7% Net Financial Position 13.5 10.3 +30.3% Adjusted Net Financial Position 4 7.8 7.7 +0.9% 1 Adjusted EBITDA, adjusted by € 1.41 million to item Personnel expense for non-recurring costs 2 EBITDA Margin calculated on Revenue from production and sales, defined as the algebraic sum of revenue from sales and the change (positive or negative) in work in progress and finished products (Adjusted in first half 2025) 3 Adjusted EBIT in first half 2025 4 Net of € 5.7 million in three- and six-month restricted savings bank deposits set up by the Parent Company and its subsidiary Marzocchi Pumps U.S.A. at 30 June 2026 (vs. € 2.6 million at end 2025)
Consolidated net sales revenue at 30 June 2026 amounted to € 18.7 million , up approximately 0.6% versus € 18.6 million in first half 2025.
The strong resilience of sales revenue is particularly significant against a global recessionary backdrop and reflects the first benefits of the production and logistics reorganization measures implemented during 2025, as well as Marzocchi Pompe’s ongoing ability to innovate across both products and markets.
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
Changes to the breakdown of revenue by sales channel
In line with the Group's strategic and commercial development, Marzocchi Pompe has revised its existing revenue breakdown by sales channel, reclassifying "Automotive" revenue under "Mobile" and renaming "Fixed" as "Industrial" , a label that more accurately reflects how the products are used. For further information, please refer to the Consolidated Report on Operations.
In recent years, the contribution of the "Automotive" sales channel to Marzocchi Pompe's revenue has gradually declined. The channel was originally linked almost exclusively to a major commercial agreement with a single customer, which has since been significantly scaled back. This arrangement required a dedicated production line for these products and accounted for more than 30% of the Group's revenue.
Today, the Group's strategic development is increasingly focused on its core business, while automotive applications have become progressively marginal and no longer represent a significant stand-alone business. They will therefore be included in the "Mobile" sales channel, which covers pumps installed on mobile equipment, including automotive applications.
The revised breakdown of revenue by sales channel will therefore comprise the following three
categories:
a) Sales Network : revenue generated from sales to distributors;
b) Industrial : revenue from direct sales of products for use in fixed industrial equipment, such as machine tools, textile machinery, plastic injection moulding machines and renewable energy systems (wind and solar);
c) Mobile: revenue from direct sales of products for use in mobile equipment, including earthmoving machinery, agricultural machinery, forklifts, gardening equipment and marine systems, as well as automotive applications such as transmissions, power steering systems, gearboxes and suspensions.
Breakdown of revenue by sales channel Euro 000 30-jun-26 30-jun-25 % change Sales Network 6,159 33.0% 7,047 37.9% -12.6% Industrial 6,693 35.8% 5,676 30.6% +17.9% Mobile 5,834 31.2% 5,845 31.5% -0.2%
Of which:
Automotive 2,031 10.9% 2,531 13.6% -19.7% Total revenue from sales 18,685 100.0% 18,570 100.0% +0.6%
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
Breakdown of sales revenue by geographical area
By geographical area, the Italian market increased from 31.5% in 1° half 2025 to 35.1% of total sales, while exports accounted for 64.9% , down from 68.5% in the same period of 2025, mainly due to the contraction in the Asian market, from 14% to 10%.
EBITDA, adjusted in first half 2025 for approximately € 1.41 million in non-recurring workforce reorganization costs, increased by 8.9% to € 2.26 million from € 2.07 million in first half 2025.
The recovery in Marzocchi Pompe's profitability was supported by the extensive organizational restructuring carried out in 2025 , including workforce reductions. This enabled the Group to improve productivity as early as the first half of the year and is expected to deliver its full benefits when a new growth phase takes hold.
The EBITDA margin for first half 2026 stood at 11.73%, significantly higher than the adjusted 10.51% recorded in first half 2025.
EBIT increased by 16% to € 1.1 million , from € 0.9 million in first half 2025 (adjusted).
First half 2026 closed with net profit of € 0.5 million , versus a loss of € 0.8 million at 30 June 2025.
Investments amounted to € 1.0 million , equal to approximately 5% of revenue. These investments mainly concerned the purchase and refurbishment of moulds, particularly for Elika products , Marzocchi Pompe's flagship line protected by two patents. Programs to improve production efficiency and rationalize the property footprint are also continuing.
Equity amounted to € 21.1 million in first half 2026, up slightly from € 20.9 million at end 2025, reflecting the Group's return to profitability.
Lastly, even in a highly challenging environment, the Company's ability to generate cash once again deserves emphasis, as it enabled the net financial position to remain unchanged.
The Group's adjusted net financial debt remained basically stable at € 7.8 million, versus € 7.7 million at both 31 December 2025 and 30 June 2025.
Adjusted net financial debt excludes € 5.0 million in three- and six-month restricted savings bank deposits set up by the Parent Company and € 0.7 million by Marzocchi Pumps U.S.A. at 30 June 2026, for a total of € 5.7 million (vs. € 2.6 million at end 2025).
SIGNIFICANT EVENTS IN FIRST HALF 2026
After 31 December 2025, no events occurred that required adjustments to the amounts in the financial report or that would compromise the company’s ability to continue as a going concern.
In first half 2026, Marzocchi Pompe obtained a significant industrial invention patent relating to bi-directional reversible pumps , confirming its ability to develop innovative, high-tech solutions.
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
Additionally, in April, Marzocchi Pumps India Private Limited was incorporated under Indian law as a joint venture with an established local partner , with the aim of expanding commercial penetration in India, particularly for core business products.
As part of the reorganization of its production and logistics structure, the Company is continuing to transfer operations from Casalecchio to Zola Predosa, which is intended to become the Group’s sole Italian site.
In 2026, Marzocchi Pompe continued to participate in major industry trade shows worldwide , exploring new commercial opportunities:
- in March, Marzocchi Pompe attended IFPE CONEXPO-CON/AGG in Las Vegas (USA) , one of the leading international events for the construction and operating machines sectors.
- in April, the Company attended Aero Expo for the first time, organized by Messe Frankfurt at the Friedrichshafen Airport exhibition grounds (Germany) , a world-class event dedicated to general aviation, business aviation and air sports
- in May, the Company attended FEIMEC in São Paulo (Brazil) , the largest machinery and equipment trade show in Latin America, with strong participation from professionals in the metalworking, automotive, electronics, automotive components and packaging sectors.
On 29 April 2026, the treasury share purchase and disposal program was launched in implementation of and in accordance with the authorization granted by the Ordinary Shareholders' Meeting on the same date (for a period of 18 months from the date of approval by the Shareholders' Meeting).
To date, Marzocchi Pompe holds a total of 164,500 treasury shares, amounting to 2.52% of the Share Capital .
***
SIGNIFICANT EVENTS AFTER 30 JUNE 2026
After 30 June 2026, no unusual or non-ordinary transactions occurred that would require changes to these consolidated financial statements for the period.
In September , Marzocchi Pompe attended Bauma CONEXPO INDIA in Delhi, a leading international event in the Indian subcontinent for the construction machinery sector. This year, the event was particularly important in strengthening the Company's commercial presence in India just a few months after the establishment of Marzocchi Pumps India Private Limited, a joint venture with its long-standing local partner.
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
BUSINESS OUTLOOK
Given the short period elapsed since 30 June 2026 and the level of order book coverage, the Group is expected to maintain the current sales revenue trend .
The 2026 investment program is continuing, with most investments already completed in the first half of the year, consistently focused on improving efficiency and upgrading technology across various operating areas.
The transfer of operations currently based in Casalecchio to Zola Predosa remains a priority , although completion has inevitably been deferred beyond the timeframe originally envisaged. The move is expected to deliver significant production and logistics efficiencies.
The Company also continues to invest considerable effort in launching new products , an approach that has delivered results even in challenging periods such as the current one. Marzocchi Pompe has always prioritized excellence in innovation and the technological level of its product range.
These recognized strengths remain key pillars on which the Company is building its future.
The Group is implementing a major project to enhance cybersecurity in line with NIS2 requirements , an increasingly important area. A pilot project for the application of Artificial Intelligence has also been launched, with the aim of starting a number of activities at the operational level.
Lastly, Marzocchi Pompe’s commitment to ESG remains a priority. Since obtaining ISO 14001 environmental certification in 2016 for the Zola Predosa plant, the company has continued along its sustainability path by preparing its sustainability statement as early as 2024 , with the goal of further strengthening its environmental and social performance in the years ahead.
Ultimately, even in today’s highly challenging market scenario, Marzocchi Pompe stands as a company at the forefront , not only in terms of its products but also with regard to its organization and interaction with the environment in which it operates.
***
FILING OF DOCUMENTS
A copy of the half-year report at 30 June 2026, including the Independent Auditors' Report, will be made publicly available within the time limits of law at the company's registered office in Bologna, as well as by publication on the company website https://www.marzocchipompe.com/it/bilanci-e-
relazioni-periodiche-marzocchi-pompe and on the website www.borsaitaliana.it, Azioni/Documenti section.
***
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
This press release is available at www.marzocchipompe.com and on the authorized storage mechanism www.1info.it.
Marzocchi Pompe S.p.A.
Marzocchi Pompe is a leading company in the design, manufacturing and marketing of high-performance gear pumps and motors, used across a range of sectors including industrial, mobile, and automotive applications. Founded in 1949, the company is majority-owned by the Marzocchi family, represented within the organization by Paolo Marzocchi as Chairman and his son Carlo as Vice Chairman. The shareholder base also includes CEO Gabriele Bonfiglioli. Production is made entirely in Italy at the two sites in Casalecchio di Reno (BO) and Zola Predosa (BO). Marzocchi Pompe operates in over 50 countries through a global distribution network.
Contacts
Marzocchi Pompe S.p.A. Integrae SIM S.p.A. – Euronext Growth Advisor Gabriele Bonfiglioli, CEO & IR ir@marzocchipompe.com Francesco D’Antonio francesco.dantonio@integraesim.it Dario Gancitano dario.gancitano@integraesim.it Beatrice Bussoli beatrice.bussoli@integraesim.it
CDR Communication – Investor Relations and Media Relations Paola Buratti (IR) paola.buratti@cdr-communication.it Martina Zuccherini (Media) martina.zuccherini@cdr-communication.it
Attached:
The main consolidated statements of Marzocchi Pompe S.p.A. for the six months ended 30 June 2026 compared with the corresponding comparative figures (amounts in €/000) are shown below, specifically:
- Income statement;
- Statement of financial position;
- Statement of cash flows.
The income and financial figures shown are subject to limited audit by PricewaterhouseCoopers S.p.A.
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
ANNEXES
CONSOLIDATED INCOME STATEMENT
(National accounting standards + IFRS 16 Leases)
Euro 000 30-Jun-26 30-Jun-25 Revenue from sales 18,685 100% 18,570 100% Changes in WIP 553 1,127 Other revenue 667 284
VALUE OF PRODUCTION 19,905 19,981
Consumption of raw materials (4,409) (22.9%) (4,352) (22.1%) Service costs (5,826) (30.3%) (5,735) (29.1%) Rentals and leases (280) (1.5%) (260) (1.3%) Sundry operating expense (209) (1.1%) (232) (1.2%)
ADDED VALUE 9,182 47.73% 9,402 47.73%
Personnel expense (6,925) (36.0%) (7,331) (37.2%)
EBITDA (1) 2,256 11.73% 2,071 (1) 10.51%
Amortization, depreciation and write-
downs (1,184) (6.2%) (1,148) (5.8%) Provisions for risks 0 0.00% 0 0.00%
EBIT 1,072 5.57% 922 4.68%
non-recurring income and expense 0 0.00% (1,412) (7.6%) financial income and expense (264) (1.4%) (406) (2.1%) adjustments to financial assets (64) (0.3%) (84) (0.4%)
PROFIT (LOSS) BEFORE TAX 744 3.87% (979) (5.0%)
Income tax for the year (257) (1.3%) 200 1.02%
NET PROFIT 487 2.53% (779) (4.0%)
1 In first half 2025, an adjustment of € 1.41 million was made to Personnel expense for non-recurring costs
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(National accounting standards + IFRS 16 Leases)
Euro 000 30-Jun-26 31-Dec-25
A) NET FIXED ASSETS 17,641 17,819
Intangible fixed assets 607 574 Tangible fixed assets 16,242 16,491 Financial fixed assets 792 755
B) NET WORKING CAPITAL 17,806 14,420
Inventory 10,550 9,796 Assets held for sale 0 0 Customer advances (16) (47) Trade receivables 8,945 8,752 Other receivables (1) 7,787 5,239 Trade payables (4,851) (5,011) Other payables (3,393) (2,772) Provisions for risks and charges (982) (1,092) Other assets/liabilities (233) (445)
C) GROSS CAPITAL EMPLOYED 35,447 32,239
D) POST-EMPLOYMENT BENEFITS (886) (968)
E) NET CAPITAL EMPLOYED 34,561 31,272
covered by
F) EQUITY CAPITAL (21,079) (20,927)
G) NET FINANCIAL POSITION (13,482) (10,345)
Medium-long term financial payables (12,648) (12,725) Short-term financial payables (6,513) (6,207) Cash 5,679 8,586
H) TOTAL SOURCES OF FUNDING (34,561) (31,272)
MARZOCCHI POMPE S.P.A. – Direzione e Coordinamento di ABBEY ROAD S.R.L.
Via A. Grazia, 2 – 40069 Zola Predosa - BO Tel (+39) 051/6137511 Fax (+39) 051/592083 Nr. M. Bo 047739 – N.REA 422251 – Registro Imprese /Cod. Fisc. 03285900969 – P.IVA IT 03285900969 – C.S. Euro 6.538.750,00 i.v.
e-mail: info@marzocchipompe.com - Web: www.marzocchipompe.com
CONSOLIDATED STATEMENT OF CASH FLOWS
(National accounting standards + IFRS 16 Leases)
€/000 30-Jun-26 31-Dec-25
EBIT 1,072 51
Tax effect (257) 173 Change in provisions (191) (298) Amortization, depreciation and write-downs 1,184 2,455 Cash flow from earnings 1,808 2,381 Changes in working capital Inventory (754) 168 Trade receivables (224) (1,104) Other receivables 483 (521) Payables to suppliers (160) 806 Other payables 409 235 Changes in working capital (246) (416) Free cash flow 1,562 1,965 Net investment in tangible and intangible fixed assets (969) (2,946) Change in other fixed assets (37) 78 Adjustments to financial assets (64) (46) Cash flow from investing activities (1,070) (2,914) Financial expense/income (264) (724) Increase/(decrease) in share capital 0 0 Other changes in equity (335) (407) Cash flow from financing activities (599) (1,131)
Adjusted net cash flow (106) (2,080) Net Financial Position beginning of period (7,706) (5,626) Net Financial Position end of period (*) (7,813) (7,706) Net increase (decrease) in cash (106) (2,080)
(*) Adjusted to exclude € 5.7 million in three- and six-month restricted savings bank deposits set up by the Parent Company and its subsidiary Marzocchi Pumps U.S.A. at 30 June 2026 (vs. € 2.6 million at end 2025)