Brembo Six Monthly Financial Report 2026

Brembo

Six Monthly

Financial

Report

2026

INTRODUCTION

This Six Monthly Financial Report (the “Report”) includes the Directors’ Report, the Condensed Consolidated Six Monthly Financial Statements and the Board of Directors’ Statement required by Section 5:25d, paragraph 2, of the Dutch Financial Supervision Act.

The Condensed Consolidated Six Monthly Financial Statements have been drawn up according to the applicable Accounting Standard (‘IAS’) 34-‘Interim Financial Reporting’ as endorsed by the European Union.

The Condensed Consolidated Six Monthly Financial Statements do not include all the information and disclosures required for the annual financial statements and should be read in conjunction with Consolidated Annual Report for the year ended 31 December 2025.The accounting standards and measurement and valuation criteria used in drawing up this Report are consistent with those applied in drawing up the Consolidated Annual Report as at 31 December 2025.

The structure and content of the reclassified consolidated financial statements illustrated in the Directors’ Report are the same as those contained in the Annual Financial Report. The Alternative Performance Measures (APMs) contained in these financial statements are summarised in section Definition of the Alternative Performance Measures in the Directors’ Report.

Unless otherwise indicated, all figures in this Report are expressed in thousands of euros, whereas the original figures have been recorded and consolidated in euros. Similarly, all percentages relating to changes between two periods or to percentages of net revenue or other indicators are always calculated using the original data in euro. The use of amounts expressed in millions of euro may therefore result in apparent discrepancies in both absolute amounts and data expressed as a percentage.

The language of this Report is English. Certain legislative references and technical terms have been cited in their original language in order to give them their correct technical meaning under the applicable law.

The Condensed Consolidated Six Monthly Financial Statements contained in this Report has undergone a limited review by EY Accountants B.V.

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Highlights

INDEX

Introduction 1

1. Corporate Highlights 3 1.1 Corporate Bodies 4 1.2 Key Financial Highlights 5 2. Directors’ Report 7 2.1 Significant Events During the Six-Month Period 8 2.2 Risk Management 9 2.2.1 Risk Management Process 9 2.2.2 Risk Factors and Mitigation Strategies 10 2.3 Group financial review 16 2.3.1 Group Activities and Reference Market 16 2.3.2 Brembo’s Consolidated Results 18 2.3.3 Definition and Reconciliation of Alternative Performance Measures (APMs or Non-GAAP Measures) 20 2.3.4 Outlook 22 2.4 Significant Events after 30 June 2026 223. Condensed Consolidated Financial Statements 23 3.1 Condensed Consolidated Financial Statements at 30 June 2026 24 3.1.1 Condensed Consolidated Statement of Financial Position 24 3.1.2 Condensed Consolidated Statement of Income 25 3.1.3 Condensed Consolidated Statement of Comprehensive Income 25 3.1.4 Condensed Consolidated Statement of Cash Flows 26 3.1.5 Condensed Consolidated Statement of Changes in Equity 27 3.2 Explanatory Notes to the Condensed Consolidated Financial Statements at 30 June 2026 28 3.3 Statement of Compliance by the Board of Directors 49 3.4 Independent Auditors’ Reports 50

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Highlights

CORPORATE

HIGHLIGHTS1.

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1.1 Corporate Bodies 4 1.2 Key Financial Highlights 5

1.1 CORPORATE BODIES (1)

Chairman Emeritus (2) Alberto Bombassei Board of Directors (3) Executive Chairman Matteo Tiraboschi (7) Chief Executive Officer Daniele Schillaci (7) Directors Cristina Bombassei (5) (7) Alessandra Cozzani (4) Elisabetta Magistretti (4) Umberto Nicodano (6) Andrea Pirondini (4) Elizabeth M. Robinson (4) Gianfelice Rocca (4) Manuela Soffientini (4) (8) Roberto Vavassori (7) Independent Auditors EY Accountants B.V. (9)Committees Audit, Risk & Sustainability Committee (10) Elisabetta Magistretti (Chairwoman)

Alessandra Cozzani

Manuela Soffientini

Remuneration & Appointments Committee Manuela Soffientini (Chairman)

Andrea Pirondini

Elizabeth M. Robinson Supervisory Committee Giovanni Canavotto (Chairman) (11)

Elisabetta Magistretti

Matteo Tradii (12) (1) Following the implementation of the cross-border conversion (24 April 2024), Brembo adopted a one-tier board management and control system in accordance with the Dutch Civil Code. This system does not include a Board of Statutory Auditors or any separate control body alongside the Board of Directors. Instead, the control function is performed by the Non-Executive Directors, who, in accordance with the Dutch Corporate Governance Code, constitute the majority of the Board of Directors.

Dutch law does not specify the role of the Manager in Charge of the Company’s Financial Reports. Consequently, on that same date, Brembo’s Manager in Charge of the Company’s Financial Reports ceased his position. However, the Company retains the capacity to guarantee an adequate internal control and risk management system, appropriate administrative and accounting procedures for preparing the consolidated and separate financial statements, and any additional financial disclosures.

(2) Appointed for an indefinite period.

(3) The Annual General Meeting held on 29 April 2026 appointed the Executive and Non-Executive Directors listed herein for a term ending immediately after the Annual General Meeting to be held in 2029, except for R. Vavassori, whose term will end immediately after the Annual General Meeting to be held in 2028.(4) Non-executive and Independent Directors.

(5) The Director also serves as Executive Director in charge of the Internal Control and Risk Management System, in addition to the role of Chief Legacy Officer.

(6) Non-executive Director.

(7) Executive Director.

(8) This Director also holds the position of Lead Non-Executive Director.

(9) The Annual General Meeting held on 29 April 2025 appointed EY Accountants B.V. as external auditor to audit the Annual Accounts and to provide assurance on the Sustainability Statements for the financial years 2026 up to and including 2030.

(10) This Committee also fulfils the role of Related Party Transactions Committee.

(11) Independent Expert.

(12) Chief Internal Audit Officer.

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1.2 KEY FINANCIAL HIGHLIGHTS

GROSS OPERATING INCOME

(euro million)PEOPLE AT THE END OF PERIOD

(number, including agency workers)REVENUE FROM CONTRACTS

WITH CUSTOMERS

(euro million)ROI

(percentage)

1H2024 1H2023 1H2022 1H2025 1H2021 1H20261,360.81,746.51,949.9 2,004.8

1,881.01,920.4

1H2024 1H2023 1H2022 1H2025 1H2021 1H2026270.2305.3344.0 351.4

300.9316.7

1H2024 1H2023 1H2022 1H2025 1H2021 1H202614.5

12.615.9

14.5

10.710.9

1H2024 1H2023 1H2022 1H2025 1H2026 1H202113,03714,89715,55016,191 16,05916,606

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Economic results

(euro thousand) 30.06.2022 30.06.2023 30.06.2024 30.06.2025 30.06.2026 % 2026/2025 Revenue from contracts with customers 1,746,471 1,949,875 2,004,835 1,880,969 1,920,400 2.1% Gross operating income 305,338 344,037 351,420 300,893 316,677 5.2% % of revenue from contracts with customers 17.5% 17.6% 17.5% 16.0% 16.5% Net operating income 187,512 217,913 218,826 162,436 175,691 8.2% % of revenue from contracts with customers 10.7% 11.2% 10.9% 8.6% 9.1% Result before taxes 198,249 223,423 211,914 141,050 162,130 14.9% % of revenue from contracts with customers 11.4% 11.5% 10.6% 7.5% 8.4% Net result for the period 148,928 167,773 156,293 97,851 117,562 20.1% % of revenue from contracts with customers 8.5% 8.6% 7.8% 5.2% 6.1%

Financial results

(euro thousand) 30.06.2022 30.06.2023 30.06.2024 30.06.2025 30.06.2026 % 2026/2025 Net invested capital 2,454,268 2,606,373 2,864,072 3,158,184 3,212,883 1.7% Equity 1,837,958 2,015,517 2,210,463 2,203,137 2,381,607 8.1% Net financial debt 595,101 562,288 613,593 935,542 798,553 -14.6%Employees and investments (euro thousand) 30.06.2022 30.06.2023 30.06.2024 30.06.2025 30.06.2026 % 2026/2025 Employees at end of period (number) 12,797 13,533 14,268 14,833 14,932 0.7% Turnover per employee 136,5 144,1 140,5 126,8 128,6 1.4% Net investments (*)112,758 154,292 167,749 185,916 127,461 -31.4% Increases in leased assets 8,794 10,931 18,760 13,926 5,011 -64.0%

Main ratios

30.06.2022 30.06.2023 30.06.2024 30.06.2025 30.06.2026 Net operating income/Revenue from contracts with customers 10.7% 11.2% 10.9% 8.6% 9.1% Result before taxes/Revenue from contracts with customers 11.4% 11.5% 10.6% 7.5% 8.4% Net investments (*)/Revenue from contracts with customers 6.5% 7.9% 8.4% 9.9% 6.6% Net financial debt/Equity 32.4% 27.9% 27.8% 42.5% 33.5% Adjusted net interest expense (**)/Revenue from contracts with customers 0.3% 0.5% 0.7% 0.9% 0.9% Adjusted net interest expense (**)/Net operating income 3.2% 4.6% 6.0% 10.4% 10.3%

ROI 12.6% 15.9% 14.5% 10.7% 10.9%

ROE 13.0% 15.5% 13.4% 9.5% 9.8%

Notes:

ROI: Net operating income (rolling 12 months)/Net invested capital.

ROE: Net income (loss) before minority interests (rolling 12 months) (net of Result from discontinued operations)/Equity.

(*) Net investments in property, plant, equipment and intangible assets, calculated as the sum total of increases (net of decreases) of property, plant and equipment and intangible assets.

(**) This item does not include exchange gains and losses.

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DIRECTORS’

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2.1 Significant Events During the Six-Month Period 8 2.2 Risk Management 9 2.3 Group financial review 16 2.4 Significant Events after 30 June 2026 22

The Annual General Meeting (the “AGM”) of the Parent Brembo N.V. held on 29 April 2026 approved the Financial Statements for the financial year ended 31 December 2025, allocating net income for the year amounting to €102,634,286.87 as follows:

• to the Shareholders, a gross ordinary dividend of €0.30 per ordinary share outstanding, excluding own shares;

• the remaining amount carried forward.Furthermore, the AGM authorized the Board of Directors, for a period of 18 months as of the date of the AGM, to repurchase up to 10,000,000 ordinary shares for a total consideration not exceeding €180,000,000, to be drawn from unrestricted reserves. Strictly complying with all applicable rules and regulations, purchases will take place for a minimum price per share not lower than the closing price of the ordinary shares on the day preceding each repurchase transaction, reduced by 10%, and for a maximum price not higher than the closing price of the ordinary shares on the day preceding each repurchase transaction, increased by 10%.2.1 SIGNIFICANT EVENTS DURING THE SIX-MONTH PERIOD

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2.2.1 RISK MANAGEMENT PROCESS

At Brembo, risk management is an integral part of decision-making and business operations and a key factor in protecting the Company’s value and in pursuing its long-term goals. This is particularly relevant in this historical period, which continues to be marked by great volatility and uncertainty due to geopolitical tensions at a global level. At the same time, the automotive sector is facing major transformations from different perspectives (technological, geographical, regulatory, etc.) that create both risks and opportunities.

In accordance with the Internal Control and Risk Management System (see section 4.3.3 Internal Control and Risk Management System for further details regarding Brembo ICRMS), the Management Team serves as the primary line of defense in risk management, bearing responsibility, ownership, and accountability for evaluating, mitigating, and monitoring internal and external risks associated with Brembo’s strategy and activities.

Furthermore, Brembo has implemented an Enterprise Risk Management (ERM) framework within its Internal Control and Risk Management System that outlines the processes and the responsibilities to be followed by corporate functions and business units to identify, assess, manage, and monitor strategic, operational, compliance and reporting risks.

In particular, Brembo has designed and defined the main components of its risk management framework (e.g., definitions and taxonomy, guiding principles and the overall process framework, as outlined in the Company’s risk management guidelines and procedures), which covers two main interconnected areas:

• ERM framework, which takes into account the principles of ISO 31000 and international best practices, and sets out continuous, cross-functional processes across the Group. It is organized into three main macro-processes:

–Assessment and management of the risks of organizational areas (“bottom-up” process);

–Assessment and management of the main corporate risks (“top-down” process);

–Assessment of risks and opportunities linked to the

Strategic Plan;

• Project Risk Management process, to identify and manage risks before and during project execution (product development, real-estate projects, etc.).

These processes are designed to identify, assess, and mitigate risks, while also serving as a support tool for achieving short-, medium-, and long-term objectives, taking into account the evolution of the corporate mission and strategic goals, as well as the social, economic, and geopolitical context in which the Group operates.

The ERM framework provides for the maintenance of a Risk Register, which is updated at least once a year and encompasses the main risks, including the emerging ones, that the Group may face in the short and medium term, as well as the relevant mitigating actions (“as is” and “to be”). Risks are also monitored during regular management meetings where the results, opportunities and risks for the business areas and the geographies in which Brembo operates are analyzed and where necessary actions are also defined to mitigate new internal or external risks.

RISK APPETITE

The Risk Appetite Framework (RAF), approved by the Board of Directors in 2025, further enhances the Company’s Internal Control and Risk Management System by formalizing a structured methodology for assessing, articulating, and monitoring risk thresholds in line with Brembo’s strategic objectives.

Brembo’s RAF defines the organization’s risk appetite across multiple categories, ensuring alignment with its established risk model and encompassing the majority of risks identified in the Risk Register. Each year, as part of the ERM risk assessment process, the mapped risk events are formally evaluated against their respective risk appetites.

The RAF also sets specific tolerance thresholds for specific financial risks. These thresholds are regularly monitored, under coordination by the relevant Global Central Functions. Additionally, an escalation process has been defined to ensure that potential deviations are proactively managed. By facilitating an agile framework that enables responsiveness to both internal developments and external market dynamics, the RAF also supports the further enhancement of a Company’s culture already pursuing informed risk-taking.

The risk categories identified within Brembo’s RAF have been assigned one of the following four levels of risk appetite:

• Zero Tolerance Vision: Brembo does everything possible to avoid risks by adopting rigorous measures to prevent violations.

• Low Appetite: the Group tolerates low risks in areas where negative impacts outweigh benefits.

• Medium Appetite: Brembo accepts medium risks to seize significant opportunities, carefully balancing risks and rewards.

• High Appetite: the Group tolerates high risks to pursue ambitious goals and achieve potentially high benefits.

A risk statement is also drawn up for each risk category to provide a detailed explanation of Brembo’s appetite towards that risk.The Board of Directors — particularly through the role of the Executive Director in charge of the Internal Control and Risk Management System, assisted by the Audit, Risk and Sustainability Committee — is responsible for setting, maintaining and regularly reviewing the Risk Appetite Framework.

Based on the most recent evaluation conducted by the Board of Directors, no risk categories have been designated as having a High Appetite, while a Zero Tolerance Vision Appetite has been set for the following categories: Health, Safety and Environment; Legal and Compliance; Tax Management. Operational risks may be either assigned a Zero Tolerance Vision or Low Appetite, depending on the specific risk.

RISK FINANCING

In order to manage the volatility and financial impact of possible detrimental events, Brembo transfers the residual risks, where insurable and when advisable in terms of efficiency, to the insurance market.

Brembo’s changing needs over the years have been largely and specifically reflected in its customized insurance coverages, which have been optimized and upgraded to mitigate the Company’s exposures. Thanks to international insurance programs, all Brembo Group companies are currently covered against the following key risks: property all risks and business interruption, general liability, product liability, product recall, marine and transportation, environmental liability, cyber and directors & officers liability. Additional coverage has been arranged locally based on the specific requirements of local legislation, collective labor contracts and/or corporate agreements. Insurance analysis and transfer 2.2 RISK MANAGEMENT

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of the risks to which the Group is exposed are conducted in collaboration with a leading insurance broker, which supports this process with its international organization and is also responsible for the compliance and management of the Group insurance programs at global level.

In line with the approach pursued also by other multinationals, in 2023, Brembo set up its own captive reinsurance company — Brembo Reinsurance AG based in Zürich, Switzerland —, which reinsures a portion of the risks transferred to the insurance market, such as liability, product recall, property damage, and business interruption. Driven by the expansion of the Brembo Group’s business in recent years, this transaction has proved strategically beneficial, giving Brembo direct access to the international reinsurance market and allowing it to better adapt its risk transfer practices to the evolving insurance market’s conditions and ensure greater flexibility and autonomy.

2.2.2 RISK FACTORS AND MITIGATION

STRATEGIES

The Group is exposed to the consequences of both volatility and changes in external factors (e.g., currencies fluctuations) and internal risks associated to business operations and processes. According to the nature of the risk, the Group may conduct ad-hoc sensitivity and/or scenario analyses to assess emerging material risks and their potential impact on profitability, sales and/or the financial position (e.g., the impact of the shutdown of the Strait of Hormuz in 2026).

For more information on financial risks, please refer to “Financial Risk Management” in the Financial Statements section of the Annual Report. To mitigate its business risk exposures, the Group implements relevant mitigation strategies aimed at reducing the likelihood of occurrence and the potential impact of those risks. This section will describe the main risks that the Group may face according to the following classification:

a) strategic risks;

b) operational risks;

c) legal and compliance risks;

d) financial and reporting risks.

The risks outlined below are not exhaustive. There may be additional risks, currently unknown to Brembo or deemed immaterial or minor, that could evolve into significant factors affecting the Group.

For an in-depth focus on the sustainability risks, please refer to Sustainability Statement section of the Annual Report.

The order in which risks are discussed does not imply classification in terms of likelihood of occurrence or possible impact.

STRATEGIC RISKS

Geopolitical Instability and Macroeconomic

Risks

Key topics: geopolitical instability, trade tariffs, supply chain resilience, economic conditions, deterioration of macro indicators, war and war-like events Brembo’s global presence and international partnerships expose the Company to risks associated with geopolitical developments. These risks are particularly pronounced in the current scenario of ongoing geopolitical tensions, as various political and economic disputes persist and both regional and global conflicts remain unsolved. For nearly all companies, such tensions have, or could have, a ripple effect on the supply chain resilience, translating into trade barriers, impacting sales and/or manufacturing processes and jeopardizing the value of corporate assets worldwide.

Brembo’s exposure to geopolitical risks is “naturally” hedged through geographical diversification both in terms of production/supply chain footprint and sales. In addition, thanks to a largely “local for local” approach, handling of raw materials and products is generally limited, thus mitigating also the exposure to the risk of supply chain disruption and tariffs effects. Nevertheless, the Company closely monitors developments that may pose challenges to trade. In anticipation of such risks, the Company proactively runs simulations and formulates contingency strategies to mitigate potential impacts.

Brembo monitors the development of political, financial and security risks associated with the countries in which the political and economic context could prove unstable in the future. In case of escalation, the Crisis Committee is activated to define and implement the most adequate risk management solutions as soon as possible.

Brembo’s results are also exposed to the effects of macroeconomic factors (e.g., GDP fluctuations, interest rates level, inflation, energy and commodity prices, global trade trends) that might impact the demand level and Brembo’s operational and financial performance.

Brembo’s focus on the top-end and premium market and its geographical diversification translate into a lower Group overall exposure to the volatility of those factors.

In order to constantly align its production and sales forecasts and monitor the risks associated with macroeconomic and demand changes, Brembo takes into account these factors in its budgeting and strategic plan definition processes, in addition to continuously control its order portfolio, the performance of the automotive market in the various countries in which it operates and the related macroeconomic indicators.

Innovation

Key topics: competitors’ innovation, intellectual property protection, success of Brembo’s R&D and product development

strategy

Brembo is exposed to risks associated with the evolution of technology, namely the risk that more competitive and/or disruptive products and technologies and/or more efficient processes are developed.

To maintain its competitive edge, also in the Motorsport sector, Brembo invests sizeable resources in R&D, conducting applied and basic research on both existing and newly applied technologies, such as those associated with digital innovation, in addition to mechatronics. For further information, reference should be made to the Research and Development section in the Directors’ Report .

Product and process innovations — those currently being used, as well as those that may be used for production in the future — are patented to protect the Group’s technological leadership. The Intellectual Property Rights area within the Research & Development GCF is responsible for managing patents and, more generally, all aspects associated with protecting the Group’s IPRs, in addition to monitoring Brembo’s potential infringement of third parties’ IPRs.

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Market Trends

Key topics: structural changes of the automotive industry, growth of new OEMs, challenges for traditional OEMs, protectionism, changes in regulations,

electrification

The automotive industry is undergoing a profound and structural transformation mostly driven by electrification.

Such transition is posing several challenges to traditional OEMs as they must concurrently deal with new and more stringent regulations, the success of new competitors, the slowing demand in the EU and the rise of more protectionist stances at political level. This situation is putting pressure on traditional OEMs in multiple areas, including in term of loss of market shares, industrial overcapacity, and difficulties/inefficiencies in the electrification strategy path. For many OEMs, this has resulted in weak performance, profit warnings, and management changes.

Electrification brings both challenges and significant opportunities for Brembo. While the enhanced performance offered by regenerative braking may enable to downsize traditional brakes and increasingly adopt floating calipers, the greater weight of battery electric vehicles (BEVs) requires extra braking power: this represents a chance for Brembo to expand its market presence in segments it has not previously targeted.

Furthermore, Brembo is establishing itself as a solutions provider with a strong focus on digital innovation, including the development of “intelligent products” (e.g., Sensify), which complements the ongoing trend of electrification in the automotive industry.

Brembo focuses on the top-end and premium segments of the automotive sector and generates most of its revenue in Europe, North America and China. Nevertheless, the Company continues to face risks associated with the ongoing transformation within the automotive industry.

To reduce the risk of segment/market saturation in the countries where it operates, the Group has forged ahead with its sales geographical diversification strategy, increasingly and successfully looking for business opportunities with new OEMs and geographies and is gradually broadening its product range by developing new solutions and services for its customers, in line with its corporate mission statement.

Climate Change

Key topics: climate change transition,

physical risks

Brembo is committed to responding to the challenges posed by climate change, to improving the Group’s resilience and to seizing the opportunities arising from the transition to a low-carbon economy. A key element to achieving this objective is the active management of climate-related risks and opportunities and their impacts. In this context, Brembo has been conducting a Climate Change Risk Assessment (CCRA) country by country in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) for some years. The evaluation, carried out both on Brembo locations and selected suppliers, is updated annually and involves a scenario analysis and a qualitative and quantitative assessment of the main risks and opportunities with regard to physical risks and transition risks over various time horizons.

The main exposures to physical risks regard: flood risk, limited to certain sites that are already protected with hydraulic barriers; water stress, for which specific mitigation solutions have been implemented (water supply alternatives, storages, etc.); and atmospheric events (for which limited impacts are expected). The main opportunities generated by the climate change transition include the possibility of expanding the Group’s segments and value chain thanks to new products (e.g., Sensify) and the appreciation and spread in the market of products with a high environmental performance (e.g., Greentell Set). Additional possible risks include the spread of alternative mobility solutions and risks in connection to the achievement of the net zero target and the possible implementation of systems of taxation associated with externalities (e.g., “cap-and-trade” systems).

For further details, reference should be made to the Sustainability Statement section in the Annual Report.

Investment Projects

Key topics: country risks, natural hazards, damage to assets, interdependencies Investments in certain countries may be influenced by geopolitical risks, as well as by major modifications of the local regulatory framework, which could result in changes in the economic conditions existing at the time of the investment. Moreover, climate change is reshaping the appeal of industrial production sites — and in the future it will perhaps redefine also their suitability — because of high or increasing exposures to risks such as water scarcity and natural hazards. For this reason, before investing in a country, Brembo assesses the country risks and the site’s exposure to natural hazards.

Additionally, risks connected to real-estate developments (delays, damages, liabilities, etc.) are assessed and managed through the support of different internal areas and external consultants.

As regards M&A activities, transactions are coordinated by the Business Development GCF to mitigate the risks through a structured due diligence process. The evaluation of the target risks plays a central role in this process and also covers Environmental, Social and Governance aspects.

OPERATIONAL RISKS

The main operational risks, which are intrinsic in the nature of Brembo’s business, are associated with the supply chain, the unavailability of production facilities, product quality, Information Technology, the environment, health and safety, and people and organization.

Supply Chain

Key topics: single sourcing, high dependency on suppliers, supply chain resilience, logistics and transportation, suppliers’ quality, suppliers’ compliance to sustainability

requirements

The main risks associated with the supply chain include dependence on single suppliers, i.e., the event in which supplier disruption may jeopardize Brembo’s ability to fulfil clients’ orders in a timely manner. In response to this risk, the Purchasing GCF identifies, where possible, alternative suppliers as potential replacements for goods and services deemed strategic, whereas the Quality GCF monitors and ensures the robustness and stability of the supply chain in providing products that meet the requirements of Brembo and its customers.

The supplier monitoring process provides for assessing suppliers’ financial stability, especially in light of the increasing pressure on the profitability of automotive value chains following current market trends (OEMs’ market share redistribution, EU market stagnation). In addition, monitoring focuses on the ability of production

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capacity to manage sudden demand fluctuations and/or difficulties linked to logistics and transportation — aspects that have grown in importance following the pandemic emergency and the recent conflicts in Ukraine and in the Gulf area. These events have recently led to a redefinition of maritime routes, coupled with transit restrictions (e.g., at the Strait of Hormuz). Those preliminary measures are part of the actions put in place to mitigate the risk of disruption/limitation of Brembo’s operations due to events related to its supply chain. In particular, besides its broadly “local for local” approach, which reduces the handling of raw materials and products, strategies adopted include production replanning/reallocation, changes in the transport channels and constant monitoring of the order backlog, also with a view to properly managing stocks. Brembo considers the sustainability of its supply chain as highly relevant and has defined, in a specific policy, the requirements for its suppliers on topics such as labor and human rights, health and safety, ethics and the environment. Specific assessment and monitoring measures have been implemented to mitigate the risk of supplier’s non-compliance with the principles and requirements set out in the above-mentioned policy.

Property Damage and Business Interruption Key topics: natural hazards, utilities supply discontinuity, damages to assets, production and deliveries disruption, interdependencies Natural or accidental events (e.g., floods, earthquakes or fires), malicious behavior (e.g., acts of vandalism) or systems malfunctioning may result in damage to assets, unavailability of production facilities and discontinuity of operation at such facilities.

To monitor its exposure to natural hazards, Brembo carries out specific assessments by means of specific tools and database (see also the Sustainability Statement section in the Annual Report). In addition, Brembo has reinforced its risk mitigation process through the planning of loss prevention engineering activities. The aim of this process is to reduce risk factors in terms of probability of occurrence and to implement protective measures aimed at limiting the impact of this risk and maintaining the operating continuity levels of the Group’s production facilities.

Furthermore, Brembo is finalizing the expansion of its industrial capacity, increasing its industrial footprint’s resilience and further mitigating its business interruption risk.

Product Quality

Key topics: safety and quality, non-

conformity, recalls, product liability,

suppliers’ quality

As braking systems, together with other vehicle components and features, play a fundamental role in ensuring the vehicle’s safety, Brembo attaches utmost importance to the risk related to product features, both in terms of safety and quality.

As widely recognized, safety represents a very critical topic within the entire automotive industry, as demonstrated for instance by the number of past recall campaigns in this sector. Similarly, quality non-conformity can lead to financial and reputational consequences and thus require proper mitigation measures to be put in place.

The Group has consolidated experience and has always been committed to mitigating this risk through robust and efficient product design, product and components traceability, and quality management, both at its own and at suppliers’ plants. As part of this process, Brembo has established a global Supplier Quality Development area, specifically dedicated to quality control of components, in addition to constantly optimizing prevention activities, such as for instance through Failure Mode & Effect Analyses (FMEAs).

In addition, the Quality GCF bears global responsibility for properly managing binding requirements and product safety standards. Specific company procedures have been established to effectively and promptly manage the risk of market recall and an Executive Committee is convened on an ad-hoc basis to assess the need to launch a recall campaign. Preliminary feasibility analyses involving suppliers are also carried out to enable adequate management of technical risks as soon as from the initial development phases, thereby ensuring product durability.

Information Technology

Key topics: IT systems continuity, data protection, cybersecurity, artificial

intelligence

Brembo considers the operational continuity and security of its IT systems to be a significant priority. Hence, the Company has implemented a framework for managing cyber risks aimed at ensuring business continuity and the availability, integrity and confidentiality of data, while also ensuring compliance with the European GDPR and the national legislation applicable in the countries in which it operates. These issues are growing in importance also in light of the start of the Group’s smart factory (Industry 4.0) process and the implementation of the strategic pillars associated with the corporate mission.

In 2020, the Group’s three Italian companies were certified according to the ISO 27001 international standard, which sets the requirements and defines the methods for proper, secure management of information within the Company.

Over the years, certification was extended to Poland, the Czech Republic and North America.

A Security Operations Center (SOC), reporting to the VP Information Security & Infrastructure, was also established to ensure real-time monitoring of cyber events in order to prevent and promptly react to possible cyber-attacks.

As part of its Ishango program, Brembo is implementing or migrating towards new digital systems/solutions. This program involves the migration of Group companies’ ERP (Enterprise Resource Planning), starting with pilot projects.

After implementation of the first two pilot projects in 2024, the rollout continued in 2025 and in 2026 with migration activities in additional countries. As part of the project governance framework, the related risks have been evaluated and their mitigation strategies defined.

Artificial Intelligence

Key topics: artificial intelligence, Brembo

Solutions, cybersecurity

Brembo continues to develop its own AI solutions, both to improve its processes in terms of efficiency and quality, and to effectively respond to the needs of Brembo Solutions customers. Furthermore, the Group is using licensed AI solutions provided by third parties for internal processes and tasks, including tools to protect itself from cyber-attacks. The risks concerning AI use are related with its responsible, safe and efficient use, while failing in the implementation of AI technologies could lead to suboptimal business decisions and jeopardize the Group’s competitive ability. The mitigation actions put in place by the Group are based on two main pillars: creating an AI team formed by qualified and skilled developers and data scientists, and properly educating the internal users to the

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correct, efficient and responsible use of AI tools.

In addition, AI aggravates the risk of fraud as more sophisticated attempts exploiting AI features (deepfakes, social engineering, phishing campaigns, etc.) could target Brembo, causing financial damage and/or loss of information. Mitigating actions include double signature for payment execution, bank power of attorney approved by the Board, release of guidelines on AI use, implementation of ISO 27001 controls, and antispam, antivirus and IP filtering systems.

According to the EU AI Act (Regulation (EU) 2024/1689) and taking into account Brembo’s innovation and technological development activities, Brembo has set up a governance model dedicated to monitoring the use and development of AI tools, as follows:

i) training of employees on AI use;

ii) mapping of Brembo activities, services and products that involve the use of AI and classification of the risk levels of Brembo activities, services and products that

use AI;

iii) identification of roles and tasks within the Brembo organization for the constant monitoring of risk mapping, classification and updating, as well as extension of the tasks of the OSP and modification of

its name;

iv) approval of a new Code of Conduct for the development and use of AI aimed at identifying the principles and guidelines that all Brembo activities must follow in the direct or indirect use of AI systems, whether third-party or proprietary, in line with Brembo’s Code of Ethics and other policies.Environment, Health and Safety Key topics: working conditions, workers’ health and safety, environmental protection,

pollution

These types of risks are intrinsic to the nature of corporate industrial operations. The Group manages them by carrying out ongoing and systematic evaluations of its exposure to specific risks and reducing or eliminating those considered unacceptable. This process is carried out through Management Systems that cover health and safety, as well as environmental aspects, compliant with the ISO 45001, ISO 14001 and ISO 50001 international standards, respectively, and certified by an independent body.

In summary, the Group has implemented systematic rules and management procedures that allow it to minimize the number of accidents, as well as the impact they may have. A clear-cut assignment of responsibility at all levels, the presence of independent internal control bodies up to the Company’s highest officers, and the application of best practices in terms of international management standards testify to the Group’s commitment to health, safety, environmental and energy matters. For more information about environmental, health and safety aspects, reference should be made to the Sustainability Statement section of the Annual Report.

People & Organization Key topics: diversity, equity and inclusion (DEI), talent attraction and retention Brembo is committed to promoting a fair and inclusive environment, and to fostering a culture of respect for diversity and inclusion. Similarly, the Company adopts, maintains and improves policies (e.g., human rights policy), systems and processes (e.g., due diligence) designed to prevent slavery and human trafficking in its organizations. While strongly focused on achieving these goals, the Company is exposed to the risk of delays in the implementation of its strategic plan in these fields and to the risk of partial non-achievement of its objectives. Mitigation actions include clear and committed governance, specific training initiatives aimed at improving awareness, disseminating a solid DEI culture and preventing any form of discrimination, employees’ access to specific programs of assistance and support, active monitoring through communication channels (e.g., whistleblowing) open to employees, as well as to all stakeholders.

Attracting and retaining qualified personnel with the required background, values, set of skills and motivation are key to the present and future success of Brembo. However, the new trends and challenges in the labor market worldwide may affect Brembo’s capability to recruit and retain talents. Additionally, the success of the Company’s strategy is increasingly relying on skills (e.g., data and software) that are particularly sought-after in the market.

The Company implements several measures to address and mitigate the above-mentioned risks, including:

enhanced recruiting and employer branding strategy, continuous benchmark of the compensation and benefits offered, implementation of talent attraction and retention strategies, monitoring of employees’ engagement, training and skill upgrade strategies, strengthened partnerships with universities, schools and R&D centers, as further detailed in the Sustainability Statement S1-4 section of the Annual Report.Misinformation and Disinformation Key topics: information manipulation, fake news, reputational attacks, social media, errors in communication Brembo, as all companies, is exposed to risks arising from the spread of false or misleading information - whether unintentional ( misinformation ) or deliberately fabricated (disinformation ). These phenomena can target products, strategic initiatives, ESG topics, operational events, or financial matters. Their impact is amplified by social media dynamics and by the increasing use of AI- generated content, including deepfakes, as well as reflected in risks related to communication accuracy and the potential hacking of corporate digital channels.

Such events may lead to reputational damage, disruptions in stakeholder relationships, operational repercussions, and financial impacts connected to market reactions or contractual consequences.

The targeted mitigation strategies adopted by Brembo include: structured internal and external communication processes, pursuing accuracy and consistency; monitoring of digital and social-media channels by the Marketing GCF and close collaboration with the Cybersecurity area to detect compromised accounts or coordinated disinformation attempts; training for personnel handling sensitive or externally visible information; alignment of spokespeople through a Group Message House and a Message Book; activation of the Crisis Management procedures, including convening a Crisis Committee, in case of reputational escalation.

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LEGAL AND COMPLIANCE RISKS

Brembo is exposed to risks arising from the failure to rapidly comply with changing laws and new regulations in the sectors and markets in which it operates. To mitigate these risks, each compliance area stays abreast of the relevant legal and regulatory developments, with the assistance of outside consultants, where necessary, through a constant process of legal and regulatory updates and research.

Legal Risk

Key topics: litigation, personal data

processing, counterfeiting

With reference to contractual matters and litigation, the Legal and Corporate Affairs GCF has defined a structured contractual management process and periodically monitors the progress of existing and potential litigations, determining the strategy to be applied and the most appropriate steps to be taken in managing them, involving specific areas and major external law firms.

The risk of presence of counterfeited products in the Aftermarket (especially in the Far East) is also managed by the Legal and Corporate Affair GCF with the support of other GCFs by applying multiple approaches and actions (e.g., online and local investigations, QR codes, etc.).

Tax Risk

Key topics: local tax laws and regulations, tax control framework With reference to the risk of non-compliance with tax laws and regulations, or of operating in conflict with the principles or spirit of the systems in the jurisdictions in which the Group operates, in accordance with the guidelines laid down in the Global Tax Strategy and Brembo N.V. ’s Tax Strategy adopted in 2019, Brembo pursues the goal of proactively managing tax risk by ensuring that such risk is timely recognized, properly measured, monitored and contained through the Tax Control Framework.

Compliance Risk

Key topics: product regulations, value-chain regulations, market abuse regulations, antitrust regulations, corporate governance regulations, code of ethics and code of conduct, IT and AI regulations The regulatory environment in which international companies like Brembo operate is continuously evolving and becoming more multifaceted. Like all other companies, Brembo faces the theoretical risk of breaching national, international and industry regulations (e.g., product regulations, including regulations on chemicals, market abuse, antitrust, anti-bribery, etc.). Consequently, the Company may be exposed to fines, legal penalties, and reputational damage.

More specifically, increasing effort is demanded by regulatory requirements on trade compliance (CBAM, EU Deforestation Regulation, dual-use export controls, “Made In” labels, plastic tax, US Custom legislation, sanctions and embargo rules, etc.), alongside other more traditional compliance matters (privacy, market abuse, antitrust regulations, administrative liability, etc.).

The mitigating measures implemented by the Group are aimed at ensuring the global spread of a culture of compliance through the establishment of specific principles of ethics and conduct, in addition to identifying compliance functions and processes and constantly monitoring legal changes. The application of provisions and preventive measures takes also the form of training activities and progressive monitoring conducted by competent bodies within the framework of ordinary regulatory activities.

For example, with regard to personal data processing, the Group is supported by a Data Protection Officer and other dedicated functions, such as the Privacy Supervisory Board and the Privacy Reference Persons identified in sensitive company areas, in order to guarantee compliance to applicable data protection laws and regulations (e.g., GDPR in Europe). The Company is also proactively addressing the emerging IT and Information Security regulations, with a particular focus on AI usage and the NIS2 regulation as described above.

FINANCIAL AND REPORTING RISKS

In conducting its business, the Brembo Group is exposed to various financial risks, including interest rate, exchange rate, liquidity and credit risks. Financial risk management is the responsibility of the Treasury and Credit Management area, which, together with the Administration & Finance Global Central Function and the Purchasing Global Central Function, evaluates the main financial transactions and the related hedging policies.

The Group is also subject to planning and reporting risks, which stem from the challenges of preparing financial statements, forecasts, and regulatory disclosures in a fast-paced global context. The Financial Control Global Central Function oversees these risks. The risk management strategies adopted by the Group in these areas are illustrated in greater detail here below and in the Explanatory Notes in the section “Financial Risk management” .Interest Rate and Exchange Rate Risks Key topics: interest rates, exchange rates Since its financial debt is partly subject to variable interest rates, Brembo is exposed to the risk of interest-rate fluctuations. To reduce this risk, the Group has entered into some medium/long-term fixed-rate loan agreements, as well as specific hedging contracts (IRS), which account — including lease liabilities — for approximately 38% of its gross financial position.

The objective is to mitigate the effects of the variability of the borrowing costs associated with a portion of debt and to benefit from sustainable fixed rates. The Group’s Treasury & Credit Management area constantly monitors rate trends to evaluate in advance the need for any changes to the financial indebtedness structure.

Brembo operates in international markets, and it is therefore exposed to exchange rate risks. This risk is naturally hedged (offsetting receivables and payables) by the Company’s “local for local” approach, and Brembo only hedges net positions in foreign currency, using mostly, and where advisable, forward contracts in order to reduce exchange rate risk exposure.

Brembo still remain exposed to translation risks arising from the consolidation of subsidiaries outside Euro Area.

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Commodity Risk

Key topics: raw materials and commodities prices, energy price The Brembo Group closely analyses and monitors the course of the risk associated with fluctuations in the prices of raw materials and commodities. In particular, the Group undertakes specific financial transactions to hedge against the risk of energy price.

Moreover, fixed prices are set in supply contracts with certain commodities suppliers for a given period of time, and the contracts in place with the main customers also provide for automatic periodic indexing based on commodities prices. Both these approaches mitigate the risk of fluctuations in commodities prices.

Liquidity Risk

Key topics: financial resource availability, cash management, debt management Liquidity risk can arise from Brembo’s inability to obtain the financial resources necessary to guarantee its operation. The Treasury & Credit Management area implements the main measures indicated below to minimize such risk:

• it constantly assesses estimated financial requirements to ensure that appropriate measures are taken in a timely manner (obtaining additional credit lines, capital

increases, etc.);

• it obtains adequate credit lines;

• it optimizes liquidity, where feasible, through cash-

pooling arrangements;

• it ensures that the composition of net financial debt is adequate for the investments carried out;

• it ensures a proper balance between short- and medium-/long-term debt.Credit Risk Key topics: credit management, customer financial rating, changes in the customer

base

Credit risk is the risk that a customer or one of the parties to a financial instrument will cause a financial loss by failing to perform an obligation. Exposure to credit risk arises particularly in relation to trade receivables. Brembo has traditionally entered into commercial dealings primarily with leading car and motorcycle makers. More recently, however, with a view to expanding its customer-

base and implementing its geographical diversification strategy, the Group has also started to establish important business relations with new OEMs. This strategic move, coupled with the tensions in the automotive industry discussed in the Strategic Risks – Market Trends section, has contributed to further increasing the Company’s attention to this risk. In 2025, the Company reviewed and further enhanced its credit management process, with the aim of constantly assessing this risk and minimizing the potential impact of insolvency or late payment, and, where possible, actively managing the relationship with customers in distress.

Planning and Reporting Key topics: financial and sustainability reporting consistency and reliability, double-

materiality analysis

As a listed company, in addition to applying a precautionary approach in managing compliance matters, Brembo complies with applicable financial reporting standards and regulations.

An ERP software has been implemented at nearly all Group companies to prepare accurate and reliable financial reporting for the Group, while also improving the Internal Control and Risk Management System and the quality, timeliness and comparability of the data provided by the various consolidated companies. As mentioned in the Information Technology section, as part of the Digital Transformation Program, the Group expects to gradually migrate to the new ERP IT program, according to the project timelines centrally defined at global level.

The quality and reliability of the reporting, as well as the security of Brembo’s assets, are exposed to the risk of fraud. This is defined as an intentional act perpetrated by internal stakeholders or third parties with the aim of obtaining unlawful advantages and potentially resulting in errors in financial statements and/or misappropriation of the Company’s assets. To mitigate such risk, Brembo implements specific measures that include: Financial Compliance guidelines, Code of Ethics, 231 model and local compliance programs, Anti-Bribery Code of Conduct, whistleblowing channel, property loss control inspections, CCTV cameras and security guards.

In compliance with applicable sustainability reporting regulations, Brembo manages and monitors the achievement of its internal sustainability targets and its compliance with regulatory requirements. To mitigate the risk of non-conformity and/or incorrectness of the reporting, Brembo adopts best practices and avails of specialized external advisors to support the preparation of sustainability reporting.

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2.3 GROUP FINANCIAL REVIEW

2.3.1 GROUP ACTIVITIES AND REFERENCE

MARKET

Brembo is the world leader and acknowledged innovator in the development of braking solutions for automotive vehicles. It currently operates in 18 countries on 4 continents, through its production and business sites, and employs over 16,000 people worldwide. Brembo’s reference market is represented by the most important manufacturers of cars, motorcycles, commercial vehicles and racing cars and motorcycles. Constant focus on innovation, as well as technological and process development — factors that have always been fundamental to Brembo’s philosophy — have earned the Group a strong international leadership position in the research, design and production of high-performance braking systems for a wide range of road and racing vehicles. Brembo operates in both the original equipment market and the aftermarket.

Brembo’s range of products for car and commercial vehicle applications includes brake discs, brake calipers, the side-

wheel module and, increasingly often, the complete braking system, including integrated engineering services. All of these back the development of new models produced by vehicle manufacturers. In addition to brake discs and brake calipers, motorcycle manufacturers are also offered brake master cylinders, light-alloy wheels, brake hoses and complete braking systems. In the car aftermarket, Brembo offers in particular brake discs, in addition to pads, drums, brake shoes, drum-brake kits and hydraulic components.

Following the acquisition of a 100% stake in Öhlins Racing, Brembo increased its product range with high-performance suspension technology for motorcycles and cars.

Global production of passenger cars and light commercial vehicles up to 6 tons fell by 2% during the first five months of 2026 compared to 2025, reaching 36.6 million units.

The decline was mainly driven by China (-6%) and by a sharp contraction in the Middle East and Africa (-24%), as a result of the conflict that had begun in the Gulf region in March. Europe also recorded a 3% contraction, while North America was more resilient, recording only a 1% decrease.

As the conflict in the Middle East persists, the global automotive industry continues to navigate an uncertain environment. The escalation of the conflict has emerged as the principal downside risk, disrupting energy markets and driving oil prices higher. This has added pressure on household budgets, weakening vehicle demand and leading to downward revisions in production forecasts.

More recently, the Memorandum of Understanding signed by the United States and Iran has raised hopes for a gradual normalization of shipping traffic through the Strait of Hormuz. However, a “higher-for-longer” oil price scenario remains likely, particularly given the potential for setbacks in the negotiations.

Furthermore, other headwinds continue to weigh on the industry. These include trade policy uncertainty and the US tariffs introduced in 2025, which remain in place despite a more stable policy framework. In addition, the industry is facing DRAM shortages driven by strong demand from AI applications and data centers, further contributing to rising costs.

Electrification remains a core structural trend, with diverging regional dynamics. Hybrid vehicles are gaining traction in North America. In China, demand has weakened following a reduction in New Energy Vehicle (NEV) incentives. By contrast, Europe is experiencing expansion in powertrain electrification, particularly battery electric vehicles, supported by government incentives, a growing range of models from automakers, and rising consumer awareness and acceptance of the technology.

At a regional level, the European automotive market recorded a 3% decline through May 2026. Europe’s automotive production was primarily marked by downward forecast revisions driven by geopolitical conflicts, rising material and metal costs, and intensifying competition from mainland China. From a regulatory perspective, the Industrial Accelerator Act (IAA) and the Automotive Package are expected to enhance competitiveness, particularly against Chinese entrants. Light vehicle production in Europe is expected to underperform in 2026, declining by 3% compared to the previous year.

In North America, light vehicle production declined by 1% through May 2026. The US remained broadly flat compared to the previous year as automakers proved still able to manage inventory levels. The overall decline was primarily driven by Canada, reflecting Toyota’s slower ramp-up of its redesigned RAV4 and GM’s decision to cut a shift at its Oshawa facility. Looking ahead, upcoming headlines around the USMCA renegotiation may add additional uncertainty in the coming months. Full-year forecasts point to a 2% decline in the region.

China’s light vehicle production experienced a significant 6% contraction, driven by softer domestic demand, and the reduction in government NEV incentives. In contrast, exports remained the most resilient pillar, with leading manufacturers increasingly relying on overseas markets to sustain production levels as domestic momentum weakened. Light vehicle production in China is expected to decrease by 4% in 2026 over the 2025 levels.

Medium and Heavy commercial vehicles (trucks and buses over 6 tons) grew slightly by 1% through May 2026, driven both by China’s strong performance (+9%) and a 2% increase in Europe, led by the German market. In contrast, North America experienced a significant slowdown (-9%), although a recovery is expected later in the year. Despite a positive performance so far, full-year 2026 is expected to show a 2% contraction mainly due to the forecast decline in the Chinese market in the second half of the year.

From a registration standpoint, global passenger car sales declined by 4% through May 2026 compared to 2025. At regional level, Europe recorded a 4% increase, while North America and China declined significantly by 8% and 16%, respectively.

In the commercial vehicle segment, worldwide registrations fell by 1% so far in 2026, mainly due to the decline in China (-3%) and North America (-3%), while Europe posted a limited 1% increase.

In the motorcycle industry (two and three-wheelers above 50cc), European registrations increased by 14% through May 2026, with motorcycles above 500cc improving even further by 10% over the same period. In the United States, overall registrations — including also ATVs (All-Terrain Vehicles) — rose by 4% in Q1 2026, with motorcycle registrations also improving by 4%. The Indian market grew by 23% through May 2026. By contrast, registrations in the Japanese market decreased by 4% in the first five months of the year.

With regard to the aftermarket, global UIO (units in operation) are forecast to reach 1.73 billion in 2026, increasing by 2% compared to 2025. All regions are expected to show positive UIO growth compared to 2025: Europe (+1%), China (+4%), North America (+1%), South America (+1%), South Asia (+4%), Japan/Korea (+0.5%), and Middle East/Africa (+2%).

In the first half of 2026, Brembo’s consolidated revenue from contracts with customers amounted to €1,920,400 thousand, up 2.1% compared to €1,880,969 thousand for the same period of 2025.

Note: Sources of LV and M&H production and sales data: third-party S&P Global Mobility and Brembo in-house marketing analyses. Sources of motorcycles data: third-party entities and Brembo in-house marketing analyses.

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The following tables show revenue from contracts with customers as at 30 June 2026, broken down by geographical area and application.

Geographical area

(euro thousand) 30.06.2026 % 30.06.2025 % Change % Italy 201,825 10.5% 198,792 10.5% 3,033 1.5% Germany 371,269 19.3% 380,910 20.3% (9,641) -2.5% France 67,081 3.5% 55,761 3.0% 11,320 20.3% United Kingdom 122,321 6.4% 119,977 6.4% 2,344 2.0% Other European countries 215,019 11.2% 182,653 9.6% 32,366 17.7% India 78,398 4.1% 72,883 3.9% 5,515 7.6% China 232,180 12.1% 261,330 13.9% (29,150) -11.2% Japan 26,893 1.4% 31,793 1.7% (4,900) -15.4% Other Asian Countries 47,034 2.4% 41,110 2.2% 5,924 14.4% South America (Argentina and Brazil) 46,234 2.4% 41,246 2.2% 4,988 12.1% North America (USA, Mexico & Canada) 493,376 25.7% 476,230 25.3% 17,146 3.6% Other Countries 18,770 1.0% 18,284 1.0% 486 2.7% Total 1,920,400 100.0% 1,880,969 100.0% 39,431 2.1% Following an in-depht analysis, data at 30 June 2025 have been restated.

Application

(euro thousand) 30.06.2026 % 30.06.2025 % Change % Passenger car 1,377,600 71.7% 1,370,243 72.9% 7,357 0.5% Motorbike 227,387 11.8% 206,674 11.0% 20,713 10.0% Commercial Vehicle 168,690 8.8% 156,033 8.3% 12,657 8.1% Racing 145,730 7.6% 147,630 7.8% (1,900) -1.3% Miscellaneous 993 0.1% 389 0.0% 604 155.3% Total 1,920,400 100.0% 1,880,969 100.0% 39,431 2.1%North AmericaNorth AmericaItalyItaly South AmericaSouth AmericaOther CountriesOther CountriesGermanyGermany

FranceFrance

ChinaChina IndiaIndiaOther Asian

CountriesOther Asian

Countries

JapanJapanUnited KingdomUnited Kingdom

Other European

CountriesOther European

Countries25.7%25.7%10.5%10.5%

2.4%2.4%1.0%1.0%19.3%19.3%

3.5%3.5%

12.1%12.1%2.4%2.4%

1.4%1.4%6.4%6.4%

4.1%4.1%11.2%11.2%

RacingRacing

MotorbikeMotorbikeCommercial

VehicleCommercial

Vehicle

Passenger CarPassenger Car7.6 %7.6 % 11.8 %11.8 %8.8 %8.8 %

71.7 %71.7 %NET SALES BREAKDOWN BY GEOGRAPHICAL AREA

(%)

NET SALES BREAKDOWN BY APPLICATION

(%)

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2.3.2 BREMBO’S CONSOLIDATED RESULTS

Reclassified Consolidated Statement of Income (euro thousand) 30.06.2026 30.06.2025 Change % Revenue from contracts with customers 1,920,400 1,880,969 39,431 2.1% Cost of sales, operating costs and other net charges/income (*)(1,194,006) (1,192,272) (1,734) 0.1% Income (expense) from non-financial investments 7,463 5,256 2,207 42.0% Personnel expenses (417,180) (393,060) (24,120) 6.1%

GROSS OPERATING INCOME 316,677 300,893 15,784 5.2%

% of revenue from contracts with customers 16,5% 16,0% Depreciation, amortization and impairment losses (140,986) (138,457) (2,529) 1.8%

NET OPERATING INCOME 175,691 162,436 13,255 8.2%

% of revenue from contracts with customers 9.1% 8.6% Net financial income (expense) and from investments (13,561) (21,386) 7,825 -36.6%

RESULT BEFORE TAXES 162,130 141,050 21,080 14.9%

% of revenue from contracts with customers 8.4% 7.5% Taxes (43,405) (40,514) (2,891) 7.1%

RESULT BEFORE MINORITY INTERESTS 118,725 100,536 18,189 18.1%

% of revenue from contracts with customers 6.2% 5.3% Minority interests (1,163) (2,685) 1,522 -56.7%

GROUP NET RESULT 117,562 97,851 19,711 20.1%

% of revenue from contracts with customers 6.1% 5.2%

BASIC/DILUTED EARNINGS PER SHARE (euro) 0.37 0.31

(*) The item is obtained by adding the following items of the Consolidated Statement of Income: “Other revenues and income” , “Costs for capitalised internal works” , “Raw materials, consumables and goods” and “Other operating costs” .The Group’s revenue from contracts with customers for the first half of 2026 amounted to €1,920,400 thousand, up 2.1% compared to the same period of the previous year.

The car applications sector, which accounted for 71.7% of Group’s sales, closed the first six months of 2026 with a 0.5% increase compared to the same period of the previous year; in the same period, motorcycle applications rose by 10.0%, applications for commercial vehicles by 8.1% while racing applications declined by 1.3%.

At geographical level, and with specific reference to Europe, Germany decline by 2.5% compared to the first half of 2025. Among the other European countries, France grew by 20.3%, Italy by 1.5% and the United Kingdom by 2.0%. In South America, sales rose by 12.1%, while North America showed a 3.6% increase. In the Far East, China decreased compared to the first half of 2025 (-11.2%) as did Japan (-15.4%), while India reported growth (7.6%).

In the first half of 2026, the cost of sales and other net operating costs amounted to €1,194,006 thousand, with a ratio to sales of 62.2%, down on 63.4% for the first half of 2025. Within this item, development costs capitalized under intangible assets amounted to €17,345 thousand compared to €15,613 thousand for the first half of the previous year.

Income from non-financial investments amounted to €7,463 thousand and was attributable to the effects of the valuation of the BSCCB Group and the company Shandong BRGP Friction Technology Co. Ltd. using the equity method (€5,256 thousand in the first half of 2025).

Personnel expenses amounted to €417,180 thousand, with a ratio to sales of 21.7%, increasing compared to the same period of the previous year (20.9%). At 30 June 2026, people numbered 16,606 (15,875 at 31 December 2025 and 16,059 at 30 June 2025), including agency workers, amounting to 1,674 (1,136 at 31 December 2025 and 1,226 at 30 June 2025).Gross operating income was €316,677 thousand compared to €300,893 thousand for the first half of 2025, with a 16.5% ratio to sales (16.0% for the same period of 2025).

Net operating income amounted to €175,691 thousand (9.1% of sales), compared to €162,436 thousand (8.6% of sales) for the first half of 2025, after depreciation, amortization and impairment losses of €140,986 thousand, compared to depreciation, amortization and impairment losses amounting to €138,457 thousand for the same period of 2025.

Net financial expenses amounted to €14,013 thousand (€21,489 thousand in the first half of 2025) and consisted of net exchange incomes of €4,000 thousand (net exchange expenses of €4,574 thousand in the first half of 2025) and interest expense of €18,013 thousand (€16,915 thousand for the same period of 2025).

Net income from financial investments , which amounted to €452 thousand (€103 thousand in the first half of 2025), was attributable to the effects of valuing investments in associates using the equity method.

Result before taxes was a profit of €162,130 thousand, compared to €141,050 thousand for the first half of 2025.

Based on the tax rates applicable under current tax regulations in force in each country, estimated taxation amounted to €43,405 thousand, with a tax rate of 26.8% compared to 28.7% for the same period of the previous year.

The Group net result for the first half of 2026 amounted to €117,562 thousand (6.1% of sales), up compared to €97,851 thousand for the first half of 2025 (5.2% of sales).

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Reclassified Statement of Financial Position (euro thousand) 30.06.2026 31.12.2025 Change Property, plant and equipment 1,885,018 1,877,945 7,073 Intangible assets 696,359 700,914 (4,555) Financial assets/liabilities 73,903 67,524 6,379 Other receivables and non-current liabilities 172,581 153,586 18,995 Fixed capital 2,827,861 2,799,969 27,892

1.0%

Inventories 697,343 612,997 84,346 Trade receivables 718,742 553,542 165,200 Other receivables and current assets 110,280 149,352 (39,072) Current liabilities (1,053,133) (949,090) (104,043) Provisions/deferred taxes (88,210) (89,058) 848 Hedging assets/liabilities 0 598 (598) Net working capital 385,022 278,341 106,681

38.3%

NET INVESTED CAPITAL 3,212,883 3,078,310 134,573

4.4%

Equity 2,381,607 2,329,965 51,642 Employees’ leaving entitlement and other provisions for personnel 32,723 29,100 3,623 Medium/long-term net financial debt 880,639 803,951 76,688 Short-term net financial debt (82,086) (84,706) 2,620 Net Financial Debt 798,553 719,245 79,308

11.0%

COVERAGE 3,212,883 3,078,310 134,573

4.4%The Group’s Statement of Financial Position reflects reclassifications of consolidated accounting statements, as described in the following pages. In detail:

• “Net financial assets” include the following items:

“Investments” and “Other financial assets”;

• the item “Other receivables and non-current liabilities” is made up of the following items: “Receivables and other non-current assets” , “Deferred tax assets” and “Other non-current liabilities”;

• “Net financial debt” includes current and non-current payables to banks and other financial liabilities (including lease liabilities), net of cash and cash equivalents and current financial assets.

Net Invested Capital at the end of the first half of 2026 amounted to €3,212,883 thousand, up by €134,573 thousand compared to €3,078,310 thousand at 31 December 2025.

Net financial debt at 30 June 2026 was €798,553 thousand, compared to €719,245 thousand at 31 December 2025. The €79,308 thousand increase for the period was mainly attributable to the combined effect of the following factors:

• the positive effect of gross operating income of €316,677

thousand;

• net investments totalling €127,461 thousand, of which €17,343 thousand for development costs; they were mainly concentrated in North America (31.1%), Italy (26.2%), Poland (24.5%) and China (7.7%);

• increases in leased assets for €5,011 thousand;

• the overall €120,166 thousand increase in working

capital;

• payment of taxes totalling €40,471 thousand;

• the Parent’s payment of the approved dividends in the amount of €95,135 thousand.

The Explanatory Notes to the Condensed Consolidated Six Monthly Financial Statements provide detailed information on the financial position and its assets and liabilities items.

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Financial Statements

Reclassified Statement of Cash Flows (euro thousand) 30.06.2026 30.06.2025

NET FINANCIAL POSITION AT BEGINNING OF PERIOD (*)(719,245) (360,353)

Net operating income 175,691 162,436 Depreciation, amortization and impairment losses 140,986 138,457 Gross operating income 316,677 300,893 Investments in property, plant and equipment (102,494) (159,912) Investments in intangible assets (27,037) (26,665) Increases in leased assets (5,011) (13,926) Investments in financial assets (143) (32) Disposal of shareholdings 3 0 Disposal of tangible and intangible assets 2,070 661 Amounts (paid)/received for the acquisition/disposal of subsidiaries, net of the net financial positions 0 (365,909) Net investments (132,612) (565,783) Change in inventories (81,325) (19,615) Change in trade receivables (153,130) (24,464) Change in trade payables 81,075 (37,068) Change in other liabilities 1,570 (10,793) Change in receivables from others and other assets 32,330 (6,039) Translation adjustment reserve not allocated to specific items (686) (35,386) Change in working capital (120,166) (133,365) Change in provisions for employee benefits and other provisions 8,698 (34,467) Operating cash flow 72,597 (432,722) Financial income and expense (13,585) (21,082) Current taxes paid (40,471) (35,993) Dividend paid in the period to minority shareholders (1,120) (960) (Income)/expense from investments, net of dividends received (7,383) (256) Dividends paid in the period (95,135) (95,461) Net cash flow (85,097) (586,474) Effect of translation differences on net financial positions 5,789 11,285

NET FINANCIAL POSITION AT THE END OF PERIOD (*)(798,553) (935,542)

(*) See Note 13 of the Explanatory Notes to the Condensed Financial Statements for a reconciliation with financial statement data.2.3.3 DEFINITION AND RECONCILIATION

OF ALTERNATIVE PERFORMANCE

MEASURES (APMS OR NON-GAAP

MEASURES)

In this Directors’ Report, the Statement of Income, Statement of Financial Position and Statement of Cash Flows have been restated to highlight the subtotals (APMs/Non-GAAP measures) considered most relevant to an understanding of the operating and financial performance of the Brembo Group. These indicators are also tools that help Directors identify operating trends and take decisions about investments, resource allocation and other operating decisions. In addition, Alternative Performance Measures may facilitate comparability with peers operating in the same industry. In some cases, however, the calculation method applied may differ from that applied by other companies. Therefore, this data should be considered complementary to, and not a substitute for, the IFRS measures to which they relate.

The following points enable a correct interpretation of the

above-mentioned APMs:

1. these indicators are constructed starting from the Group’s historical data only and are not indicative of the Group’s future performance;

2. the APMs are not laid down by the IFRS and are not subject to audit, although they are taken from the Group’s Consolidated Financial Statements;

3. the APMs must not be considered to replace the indicators provided by the IFRS;

4. the APMs are to be read together with the Group’s financial information, taken from the Brembo Group’s Consolidated Financial Statements;

5. the definitions used by the Group may not match those adopted by other companies/groups, therefore they are not comparable, since they are not derived from reference accounting standards;

6. the APMs used by the Group are applied on an ongoing basis and are consistently defined and represented for all the periods for which financial information is included in these Financial Statements.

Management believes the APMs indicated below to be a useful measure that provides insight into the matters to which they refer, allowing for a better understanding of the financial performance of the Group.

The following APMs have been selected and represented in the Directors’ Report since the Group deems that:

Net Financial Debt , combined with other indicators such as Investments/Revenue from contracts with customers, Net Financial Debt/Equity, Adjusted net interest expense/ Revenue from contracts with customers and Adjusted net interest expense/Net operating income, allows a better assessment of the overall level of debt, capital solidity and debt payment capacity.

Net Financial Debt is calculated by aggregating the IFRS items Other current/non-current financial payables, Financial derivatives, Long/Short-term lease liabilities and Current/Non-current payables to banks, Cash and cash equivalents and Other current financial assets, with adjustments made to those items to exclude the fair value of derivatives that cover items not included in the net financial position (e.g., hedging transactions covering the risk of fluctuation of energy prices). The net financial position shows the extent to which financial debt exceeds cash and cash equivalents and financial assets and is the summary indicator used by management to measure the Group’s ability to meet its financial obligations.

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Financial Statements

Fixed Capital , Net Working Capital , and Net Invested Capital allow a better assessment of both the ability to meet short-term trade commitments through current trade assets, and the consistency between the structure of the use and that of the sources of financing over time.

Fixed Capital refers to net investments in property, plant, equipment and intangible assets, calculated as the sum of increases (net of decreases) of property, plant and equipment and intangible asset plus Financial assets/ liabilities and Other receivables and non-current liabilities.

It should be noted that the items Financial assets/ liabilities include assets recognized in the Consolidated Statement of Financial Position as Shareholdings valued using the equity method, Investments in other companies, Financial derivatives (only the fair value of derivatives that cover items not included in the net financial position, such as hedging transactions covering the risk of fluctuation of energy prices) and Other non-current financial assets and that the item Other receivables and non-current liabilities includes assets recognized in the Consolidated Statement of Financial Position as Receivables and other non-

current assets, Deferred tax assets and Other non-current liabilities.

Net working capital includes current assets (except for Cash and cash equivalents and Other current financial assets, included in the Net financial position), Non-current/ Current provisions, Deferred tax liabilities, Trade payables, Tax payables, Contract liabilities and Other current liabilities.

Net Invested Capital is calculated by adding Net financial debt and the Employees’ leaving entitlement and other provisions for personnel to the IFRS item Shareholders’ equity. Net Invested Capital is a summary measure of net assets invested and provides an immediate overview of the Group’s capital deployments, showing the activities in which the Group has used financing to invest in capital resources.

Gross Operating Income (EBITDA) and Net Operating Income (EBIT) , combined with other relative profitability indicators, allow changes in operating performance to be illustrated and provide useful information on the Group’s capacity to sustain debt; these indicators are also commonly used by analysts and investors in the sector to which the Group belongs to evaluate company performance.

EBITDA is calculated by adding Taxes to the Net result for the period (as provided for by the International Accounting Standards) and subtracting or adding Net financial income (expense) and Income (expense) from financial investments and adding Depreciation, amortization, and impairment losses. EBITDA is also shown in the Consolidated Statement of Income as Gross Operating Income.

EBIT is calculated by adding Taxes, Net financial income (expense) and Income (expense) from financial investments to the Net result for the period (as provided for by the International Accounting Standards. EBIT is also shown in the Consolidated Statement of Income as Net Operating Income.

The following statements show the reconciliations of the Alternative Performance Measures as at 30 June 2026 and 31 December 2025 or 30 June 2026 and 30 June 2025, compared to key IFRS items.(euro thousand) 30.06.2026 30.06.2025

NET RESULT FOR THE PERIOD 118,725 100,536

+ Taxes 43,405 40,514 +/- Income (expense) from investments (452) (103) +/- Net financial income (expense) 14,013 21,489 + Depreciation, amortization and impairment losses 140,986 138,457

GROSS OPERATING INCOME 316,677 300,893

(euro thousand) 30.06.2026 30.06.2025

NET RESULT FOR THE PERIOD 118,725 100,536

+ Taxes 43,405 40,514 +/- Income (expense) from investments (452) (103) +/- Net financial income (expense) 14,013 21,489 NET OPERATING INCOME 175,691 162,436(euro thousand) 30.06.2026 31.12.2025

Other current/non-current

financial payables 141 306 Financial derivatives 5,721 2,053

Long-/Short-term lease

liabilities 172,870 178,085

Current/non-current payables

to bank 1,216,386 1,206,363 Cash and cash equivalents (582,903) (656,402) Other current financial assets (2,405) (2,663) Difference on derivatives not included in net financial position (11,257) (8,497)

NET FINANCIAL DEBT 798,553 719,245

(euro thousand) 30.06.2026 31.12.2025 Equity 2,381,607 2,329,965 Employees’ leaving entitlement and other provisions for personnel 32,723 29,100 +/- Net financial debt 798,553 719,245

NET INVESTED CAPITAL 3,212,883 3,078,310

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Financial Statements

2.3.4 OUTLOOK

Brembo has revised its guidance for 2026 upwards compared to the previous one issued on 7 May 2026:

• Revenues up by about 5% at constant exchange rates (improved compared to the 3% announced on 7 May

2026);

• EBITDA margin at around 16.5%;

• Investments at about €350 million;

• Net financial debt below €700 million.

In light of the volatile geopolitical and macro-

economic environment, which limits visibility on market performance, Brembo will constantly monitor developments in the relevant context, updating its guidance accordingly.2.4 SIGNIFICANT EVENTS

AFTER 30 JUNE 2026

No significant events occurred after the end of the first half of the year and up to 29 July 2026.

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Financial Statements

CONDENSED

CONSOLIDATED

FINANCIAL

STATEMENTS3.

3.1 Condensed Consolidated Financial Statements at 30 June 2026 24 3.2 Explanatory Notes to the Condensed Consolidated Financial Statements at 30 June 2026 28 3.3 Statement of Compliance by the Board of Directors 49 3.4 Independent Auditors’ Reports 50

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Financial Statements

3.1 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AT 30 JUNE 2026

3.1.1 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Assets

(euro thousand) Notes 30.06.2026 31.12.2025 Change

NON-CURRENT ASSETS

Property, plant and equipment 1 1,717,817 1,703,530 14,287 Right-of-use assets 1 167,201 174,415 (7,214) Development costs 2 125,968 121,020 4,948 Goodwill and other indefinite useful life assets 2 374,052 377,284 (3,232) Other intangible assets 2 196,339 202,610 (6,271) Shareholdings valued using the equity method 3 75,730 67,323 8,407 Investments in other companies 4 3,856 3,716 140 Financial derivatives 4 2,918 3,104 (186) Other non-current financial assets 4 2,656 2,476 180 Receivables and other non-current assets 5 44,286 48,253 (3,967) Deferred tax assets 6 129,218 105,951 23,267

TOTAL NON-CURRENT ASSETS 2,840,041 2,809,682 30,359

CURRENT ASSETS

Inventories 7 697,343 612,997 84,346 Trade receivables 8 718,742 553,542 165,200 Other receivables and current assets 9 110,280 149,352 (39,072) Financial derivatives 10 3,789 4,378 (589) Other current financial assets 10 2,405 2,663 (258) Cash and cash equivalents 11 582,903 656,402 (73,499)

TOTAL CURRENT ASSETS 2,115,462 1,979,334 136,128

TOTAL ASSETS 4,955,503 4,789,016 166,487Equity and Liabilities (euro thousand) Notes 30.06.2026 31.12.2025 Change

GROUP EQUITY

Share capital 12 8,826 8,822 4 Statutory reserve 12 25,902 25,906 (4) Revaluation reserve 12 13,369 13,369 0 Hedging reserve 12 (4,412) (2,215) (2,197) Treasury Shares 12 (96,957) (96,957) 0 Share premium 12 26,650 26,650 0 Other reserves and retained earnings/(losses) 12 2,277,649 2,163,625 114,024 Reserve for cumulative translation adjustments 12 (25,804) (55,414) 29,610 Net result for the period 12 117,562 209,336 (91,774)

TOTAL GROUP EQUITY 2,342,785 2,293,122 49,663

TOTAL MINORITY INTERESTS 38,822 36,843 1,979

TOTAL EQUITY 2,381,607 2,329,965 51,642

NON-CURRENT LIABILITIES

Non-current payables to banks 13 732,125 649,499 82,626 Long-term lease liabilities 13 151,314 157,426 (6,112) Financial derivatives 13 8,338 5,991 2,347 Other non-current financial payables 13 119 130 (11) Other non-current liabilities 14 923 618 305 Non-current provisions 15 17,800 16,417 1,383 Employee benefits 16 32,723 29,100 3,623 Deferred tax liabilities 6 69,578 70,072 (494)

TOTAL NON-CURRENT LIABILITIES 1,012,920 929,253 83,667

CURRENT LIABILITIES

Current payables to banks 13 484,261 556,864 (72,603) Short-term lease liabilities 13 21,556 20,659 897 Financial derivatives 13 1,172 440 732 Other current financial payables 13 22 176 (154) Trade payables 17 748,515 658,849 89,666 Tax payables 18 26,140 15,467 10,673 Current provisions 15 832 2,569 (1,737) Contract liabilities 19 97,864 91,615 6,249 Other current liabilities 19 180,614 183,159 (2,545)

TOTAL CURRENT LIABILITIES 1,560,976 1,529,798 31,178

TOTAL LIABILITIES 2,573,896 2,459,051 114,845

TOTAL EQUITY AND LIABILITIES 4,955,503 4,789,016 166,487

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Financial Statements

3.1.2 CONDENSED CONSOLIDATED STATEMENT OF INCOME

(euro thousand) Notes 30.06.2026 30.06.2025 Change Revenue from contracts with customers 20 1,920,400 1,880,969 39,431 Other revenues and income 21 22,588 12,090 10,498 Costs for capitalized internal works 22 17,345 15,613 1,732 Raw materials, consumables and goods 23 (822,401) (832,318) 9,917 Income (expense) from non-financial investments 24 7,463 5,256 2,207 Other operating costs 25 (411,538) (387,657) (23,881) Personnel expenses 26 (417,180) (393,060) (24,120)

GROSS OPERATING INCOME 316,677 300,893 15,784

Depreciation, amortization and impairment losses 27 (140,986) (138,457) (2,529)

NET OPERATING INCOME 175,691 162,436 13,255

Financial income 28 38,813 138,159 (99,346) Financial expense 28 (52,826) (159,648) 106,822 Net financial income (expense) 28 (14,013) (21,489) 7,476 Income (expense) from financial investments 29 452 103 349

RESULT BEFORE TAXES 162,130 141,050 21,080

Taxes 30 (43,405) (40,514) (2,891)

NET RESULT FOR THE PERIOD 118,725 100,536 18,189

Of which attributable to:

– Minority interests 1,163 2,685 (1,522) – the Group 117,562 97,851 19,711

BASIC/DILUTED EARNINGS PER SHARE (euro) 31 0.37 0.31 3.1.3 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(euro thousand) 30.06.2026 30.06.2025 Change

NET RESULT FOR THE PERIOD 118,725 100,536 18,189

Other comprehensive income/(losses) that will not be subsequently reclassified to income/(loss) for the period:

Effect of actuarial gain (loss) on defined-benefit plans 162 205 (43) Tax effect (40) (49) 9 Effect of actuarial gain (loss) on defined-benefit plans regarding companies valued using the equity method 0 (98) 98 Total other comprehensive income/(losses) that will not be subsequently reclassified to income/(loss) for the period 122 58 64 Other comprehensive income/(losses) that will be subsequently reclassified to income/(loss) for the period:

Effect of hedge accounting (cash flow hedge) of derivatives (2,692) (28,230) 25,538 Tax effect 495 2,034 (1,539) Change in translation adjustment reserve 31,546 (104,457) 136,003 Total other comprehensive income/(losses) that will be subsequently reclassified to income/(loss) for the period 29,349 (130,653) 160,002

COMPREHENSIVE RESULT FOR THE PERIOD 148,196 (30,059) 178,255

Of which attributable to:

– Minority interests 3,099 (222) 3,321 – the Group 145,097 (29,837) 174,934

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3.1.4 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(euro thousand) Notes 30.06.2026 30.06.2025

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11 656,402 867,216

Result before taxes 162,130 141,050 Depreciation, amortization and impairment losses 27 140,986 138,457 Capital gains/losses (1,219) (99) Income/expense from investments 3 (7,898) (5,359) Financial income/expense 28 17,487 16,531 Financial portion of provisions for defined benefits and payables for personnel 16-18 411 407 Accrual of long-term provisions for employee benefits 16 8,305 7,303 Change in other provisions net of utilisations 5,363 (7,190) Cash flows generated by operating activities 325,565 291,100 Current taxes paid (40,471) (35,993) Uses of long-term provisions for employee benefits 16 (4,970) (34,580) (Increase)/reduction in current assets:

inventories (81,325) (42,964) financial assets (180) (707) trade receivables (153,130) (59,585) receivables from others and other assets 32,422 (1,117) Increase/(reduction) in current liabilities:

trade payables 81,075 (10,674) payables to others and other liabilities 4,559 (10,101) Translation differences on net working capital (4,736) (1,377) Net cash flows from/(for) operating activities 158,809 94,003(euro thousand) Notes 30.06.2026 30.06.2025

Investments in:

property, plant and equipment 1 (102,494) (159,912) intangible assets 2 (27,037) (26,665) financial assets (shareholdings) (143) (32) Price for disposal or reimbursement value of shareholdings 3 0 Price for disposal or reimbursement value of fixed assets 4 3,289 760 Amounts (paid)/received for the acquisition/disposal of subsidiaries, net of the associated cash and cash equivalents 0 (358,792) Interests received 6,787 9,415 Dividends received 80 5,000 Net cash flows from/(for) investing activities (119,515) (530,226) Dividends paid in the period (95,135) (95,461) Interests paid 11 (22,677) (22,708) Dividends paid to minority shareholders in the period (1,120) (960) Change in fair value of derivatives 1,256 (2,604) Payment of lease liabilities 13 (13,964) (87,346) Loans and financing granted by banks and other financial institutions in the period 13 150,000 260,000 Repayment of long-term loans and other financing 13 (92,528) (82,318) Change in payables to banks: overdrafts/credit lines 13 (54,081) 60,561 Net cash flows from/(for) financing activities (128,249) 29,164 Total cash flows (88,955) (407,059) Translation differences on cash and cash equivalents 15,456 (20,149)

CASH AND CASH EQUIVALENTS AT END OF PERIOD 11 582,903 440,008

During 2026, the Group reassessed the presentation of the Consolidated statement of cash flows. For more detail, see the paragraph “Basis of preparation and presentation” in the Explanatory Notes to the Condensed Consolidated Financial Statements.

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Financial Statements

3.1.5 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Legal reserves

(euro thousand) NotesIssued share

capitalStatutory

reserveRevaluation

reserveHedging

reserveTreasury

sharesShare

premiumOther reserves

and retained

earnings/

(losses)Reserve for

cumulative

translation

adjustmentsNet result

for the periodGroup

equityEquity of

minority

interests Equity

Balance at 1 January 2025 12 7,007 27,721 13,369 25,007 (90,425) 26,650 1,998,177 24,365 262,603 2,294,474 35,343 2,329,817 Allocation of profit for the previous year 166,942 (166,942) 0 0 Payment of dividends (95,661) (95,661) (960) (96,621) Buy-back of own shares 1,790 (1,790) 0 0 0 0 Components of comprehensive income:

Effect of actuarial income/(loss) on defined benefit plans 16 156 156 0 156 Effect of actuarial income/(loss) on defined benefit plans, for companies valued using the equity method 3 (98) (98) 0 (98) Effect of hedge accounting (cash flow hedge) of derivatives 13 (26,196) (26,196) 0 (26,196) Change in translation adjustment reserve 32 (101,550) (101,550) (2,907) (104,457) Net result for the period 97,851 97,851 2,685 100,536 Balance at 30 June 2025 12 8,797 25,931 13,369 (1,189) (90,425) 26,650 2,165,177 (77,185) 97,851 2,168,976 34,161 2,203,137 Balance at 1 January 2026 12 8,822 25,906 13,369 (2,215) (96,957) 26,650 2,163,625 (55,414) 209,336 2,293,122 36,843 2,329,965 Allocation of profit for the previous year 113,902 (113,902) 0 0 0 Payment of dividends (95,434) (95,434) (1,120) (96,554) Reclassification 4 (4) 0 0 0 Components of comprehensive income:

Effect of actuarial income/(loss) on defined benefit plans 16 122 122 0 122 Effect of hedge accounting (cash flow hedge) of derivatives 13 (2,197) (2,197) 0 (2,197) Change in translation adjustment reserve 32 29,610 29,610 1,936 31,546 Net result for the period 117,562 117,562 1,163 118,725 Balance at 30 June 2026 12 8,826 25,902 13,369 (4,412) (96,957) 26,650 2,277,649 (25,804) 117,562 2,342,785 38,822 2,381,607

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Financial Statements

3.2 EXPLANATORY NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT 30 JUNE 2026

FORM AND CONTENT OF THE CONDENSED

CONSOLIDATED FINANCIAL STATEMENTS

INTRODUCTION

The Condensed Consolidated Six Monthly Financial Statements have been prepared in accordance with IAS 34 Interim Financial Reporting . The Group has prepared the financial statements on the basis that it will continue to operate as a going concern.

The Condensed Consolidated Six Monthly Financial Statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group’s annual consolidated financial statements as at 31 December 2025.

The Condensed Consolidated Six Monthly Financial Statements comprises the Consolidated Statement of Financial Position, the Consolidated Statement of Income, the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, and these Explanatory Notes; the Statements includes figures at 30 June 2026 of Brembo N.V., the Parent, and of the companies controlled by Brembo N.V. pursuant to IFRS 10.

On 29 July 2026, the Board of Directors approved the Six Monthly Financial Report and requested that it be made available to the public, within the terms and according to the procedures provided for by applicable laws and regulations.BASIS OF PREPARATION

AND PRESENTATION

The accounting policies adopted in the preparation of the Condensed Consolidated Six Monthly Financial Statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended 31 December 2025, except for the adoption of new standards effective as of 1 January 2026 and for a restatement of comparative information in relation to the cash flow statement.

During 2026, the Group reassessed the presentation of “Cash and Cash equivalents” in the Consolidated statement of cash flows. In prior years, the Group included “Payables to bank: overdraft” as part of “Cash and Cash equivalents” when determining movements in “Total cash flows” . Following a further technical assessment, management concluded that they do not meet the criteria in IAS 7.8 for inclusion within “Cash and Cash equivalents” . Although bank overdrafts are used as part of daily cash management, the specific current borrowings in question were not fully repayable on demand and/ or did not fluctuate between positive and overdrawn balances throughout the year. Consistent with IFRIC guidance, these characteristics indicate that the borrowing represents financing activities and therefore should not be presented as a component of “Cash and cash equivalents” in the Consolidated statement of cash flows.

As a result, the comparative cash flow statement for 2025 has been restated to classify movements in these current borrowings within financing activities The restatement includes an additional cash flow from financing activities related to proceeds from current borrowings for €60 million and an additional Translation difference on cash and cash equivalents of €24 million and a reclassification of openings balance of cash and cash equivalents of €261 million. The restatement affects presentation only and has no impact on equity, profit for the year, total assets, or total liabilities.

The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective.

Annual Improvements Volume 11 (issued on 18 July 2024) the IASB issued nine narrow scope amendments as part of its periodic maintenance of IFRS accounting standards.

The amendments include clarifications, simplifications, corrections or changes to improve consistency in some IFRS.

The amendments had no impact on the Condensed Consolidated Six Monthly Financial Statements.

Amendments to IFRS 9 and IFRS 7 – Contracts Referencing Nature-dependent Electricity (issued on 18 December 2024) The amendments apply only to contracts that reference nature-dependent electricity, and they:

• clarify the application of the “own-use” requirements for

in-scope contracts;

• amend the designation requirements for a hedged item in a cash flow hedging relationship for in-scope contracts• add new disclosure requirements to enable investors to understand the effect of these contracts on a company’s financial performance and cash flows The amendments had no impact on the Condensed Consolidated Six Monthly Financial Statements.

Amendments to IFRS 9 and IFRS 7 – Amendments to the Classification and Measurement of Financial Instruments (issued on 30 May 2024) The Amendments include:

• clarifications of the requirements for recognition and derecognition of financial assets and financial liabilities.

In particular, a financial liability is derecognized on the “settlement date” and an accounting policy choice is introduced (if specific conditions are met) to derecognize financial liabilities settled using an electronic payment system before the settlement date;

• additional guidance on how the contractual cash flows for financial assets with environmental, social and corporate governance (ESG) and similar features should

be assessed;

• clarifications on what constitute “non-recourse features” and what are the characteristics of contractually linked

instruments;

• the introduction of disclosures for financial instruments with contingent features and additional disclosure requirements for equity instruments classified at fair value through other comprehensive income (OCI).

The amendments had no impact on the Condensed Consolidated Six Monthly Financial Statements.

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Financial Statements

IFRS 18 – Presentation and Disclosure in Financial Statement (issued on 9 April 2024) The new accounting standard, that replaces IAS 1, becomes mandatory for annual reporting periods beginning on or after 1 January 2027. The standard does not change how assets or liabilities are measured, but it heavily standardizes how companies present their financial performance.

Core Changes and Requirements are the followings:

• Standardized Subtotals in the P&L: IFRS 18 introduces three new defined categories within the statement of profit or loss (operating, investing, and financing). It mandates specific subtotals—most notably Operating Profit or Loss—improving comparability across companies.

• Management-Defined Performance Measures (MPMs):

Companies must now disclose MPMs in a single note to the financial statements. This note must include an explanation of why the MPMs provide useful information and a reconciliation to the most directly comparable subtotal specified by IFRS.Because IFRS 18 must be applied retrospectively, companies will need to restate their comparative figures for 2026 to ensure 2027 figures are presented on a like-for-

like basis.

The Group has already started the assessment of the impacts related to the adoption of IFRS 18. As of today the most significant change identified is connected to the classification of “Income (expenses) from non-financial investments” , now included in Gross Operating Income, into the Investing category of the Statement of Profit and Loss.

CONSOLIDATION AREA

The list of consolidated subsidiaries, associates and joint ventures that are accounted for using the equity method, along with information regarding their registered offices and the percentage of share capital held, is included in the paragraph “Information About the Group” of these Explanatory Notes.The following table shows the exchange rates used in the translation of six monthly accounting statements denominated in currencies other than the functional one (euro).

Exchange

rate 2026Average exchange rate 2026Trading price high for the periodTrading price low for the period U.S. Dollar 1.139400 1.166968 1.1974 1.1340 Japanese Yen 185.080000 184.469792 187.7200 181.0600 Swedish Krona 11.093500 10.788144 11.0935 10.5205 Danish Krone 7.474400 7.472032 7.4755 7.4662 Polish Zloty 4.295500 4.241770 4.2955 4.2023 Czech Koruna 24.256000 24.312975 24.5550 24.1460 Mexican Peso 19.903000 20.376026 21.0274 19.8545 Pound Sterling 0.861780 0.867268 0.8763 0.8616 Brazilian Real 5.900300 6.011839 6.3743 5.7449 Indian Rupee 107.856500 108.618693 112.3170 104.9647 Chinese Renminbi 7.731400 8.009860 8.3176 7.7105 Russian Rouble 87.923700 89.128991 99.7314 81.6300 Swiss Franc 0.922400 0.917915 0.9333 0.9008 Thai Baht 37.862000 37.433503 38.2260 36.3530 Australian Dollar 1.654400 1.661240 1.7508 1.6158

2026 Brembo

Six Monthly Report29

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

SEGMENT REPORT

Based on the IFRS 8 definition, an operating segment is a component of an entity:

• that engages in business activities from which it may earn revenues and incur expenses;

• whose operating results are reviewed regularly by the entity’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and • for which discrete financial information is available.

In light of such definition, the Brembo Group’s operating segments are: Discs, Systems, Motorcycles, Performance Group, Aftermarket and Suspensions.

Each Director reports to the top management and periodically discusses with them operating activities, financial statements results, forecasts or plans.

The Group thus aggregated the operating segments as follows for the purposes of financial reporting:

a) Discs – Systems – Motorcycles;

b) Aftermarket – Performance Group – Suspensions.

The segments that are included in each aggregate are similar in terms of:

1. the nature of products (systems);

2. the nature of production processes (melting process, subsequent processing for finishing and assembly);

3. the type of customers (manufacturers for Group a) and distributors for Group b));

4. the methods used to distribute the products (targeted to manufacturers for Group a) and through distribution chains for Group b));

5. the economic characteristics (gross manufacturing margin percentage for Group a) and gross operating income for Group b)).

Transfer prices applied to transactions between segments for the exchange of goods and services are settled according to usual market conditions.In light of the requirements of IFRS 8 in terms of revenues earned from major customers, where a single customer is defined as all companies that belong to a given Group, Brembo had one customer in the first half of 2026 that accounted for over 10% of consolidated net revenues (10.99% vs 10.60% at 30 June 2025); also considering the individual car manufacturers that compose such group, none of the single car manufacturers comprising such groups exceeded this threshold.

The following table shows segment information on operating data at 30 June 2026 and 30 June 2025:

(euro thousand)Total Discs/Systems/MotorbikesAftermarket/Performance Group/Suspensions Intersegment Non-segment data 30.06.2026 30.06.2025 30.06.2026 30.06.2025 30.06.2026 30.06.2025 30.06.2026 30.06.2025 30.06.2026 30.06.2025 Sales 1,989,480 1,933,547 1,525,591 1,493,280 527,929 497,501 (10,574) (7,206) (53,466) (50,028) Allowances and discounts (72,426) (58,442) (8,908) (7,795) (65,608) (52,565) 0 0 2,090 1,918 Net sales 1,917,054 1,875,105 1,516,683 1,485,485 462,321 444,936 (10,574) (7,206) (51,376) (48,110) Transport costs 18,945 14,686 10,914 8,020 8,022 6,660 0 0 9 6 Variable production costs 1,164,407 1,150,073 953,758 942,520 270,985 259,469 (10,514) (7,124) (49,822) (44,792) Contribution margin 733,702 710,346 552,011 534,945 183,314 178,807 (60) (82) (1,563) (3,324) Fixed production costs 293,111 282,173 261,589 253,759 29,303 27,290 0 0 2,219 1,124 Production gross operating income 440,591 428,173 290,422 281,186 154,011 151,517 (60) (82) (3,782) (4,448) SG&A costs 274,591 273,374 157,585 156,269 82,827 84,313 (60) (82) 34,239 32,874 Operating income (loss) 166,000 154,799 132,837 124,917 71,184 67,204 0 0 (38,021) (37,322) Extraordinary costs and revenues 8,450 5,044 0 0 0 0 0 0 8,450 5,044 Financial costs and revenues (14,875) (22,173) 0 0 0 0 0 0 (14,875) (22,173) Income (expense) from investments 7,895 5,359 0 0 0 0 0 0 7,895 5,359 Non-operating costs and revenues (5,340) (1,979) 0 0 0 0 0 0 (5,340) (1,979) Result before taxes 162,130 141,050 132,837 124,917 71,184 67,204 0 0 (41,891) (51,071) Taxes (43,405) (40,514) 0 0 0 0 0 0 (43,405) (40,514) Result before minority interests 118,725 100,536 132,837 124,917 71,184 67,204 0 0 (85,297) (91,585) Minority interests (1,163) (2,685) 0 0 0 0 0 0 (1,163) (2,685) Net result 117,562 97,851 132,837 124,917 71,184 67,204 0 0 (86,459) (94,270) Group EBITDA 293,275 280,856 240,024 231,953 87,372 82,135 0 0 (34,121) (33,232)

2026 Brembo

Six Monthly Report30

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

A reconciliation between the Condensed Consolidated Six Monthly Financial Statements data and the above operating data is provided below:

(euro thousand) 30.06.2026 30.06.2025 Revenue from contracts with customers 1,920,400 1,880,969 Scrap sales (in the segment report they are subtracted from “Variable production costs”) (12,226) (11,557) Differences between internal and statutory reports relating to developments activities 6,124 72 Capital gains on sale of equipment (in the

Consolidated Financial

Statements they are included in “Other revenues and income”) 1,155 242 Effect of adjustment of transactions among consolidated companies (185) 329

Miscellaneous recharges

(in the Consolidated Financial Statements they are included in “Other revenues and income”) 2,773 524 Other (987) 4,526 Net sales 1,917,054 1,875,105(euro thousand) 30.06.2026 30.06.2025

NET OPERATING INCOME 175,691 162,436

Differences between internal and statutory reports relating to development activities 1,494 (4,178) Other differences between internal and statutory reports (2,808) 2,749 Income (expense) from non-financial investments (7,463) (5,256)

Claim compensation

and subsidies (2,198) (1,737) Capital gain/losses on disposal assets (in the segment report they are included in “Non-

operating costs and revenues”) (330) 143 Different classification of banking expenses (in the segment report they are included in “Financial costs and revenues”) 881 681 Other 733 (39)

OPERATING INCOME (LOSS) 166,000 154,799

The breakdown of Group sales by geographical area of destination and by application is provided in the Directors’ Report.Segment information on Statement of Financial Position data at 30 June 2026 and 31 December 2025 is provided in the following table:

(euro thousand)TotalDiscs/Systems/

MotorbikesAftermarket/

Performance Group/

SuspensionsIntersegment/

Reclassifications Non-segment data 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 Tangible assets 1,885,018 1,877,945 1,707,869 1,693,074 136,429 139,491 0 0 40,720 45,380 Intangible assets 696,359 700,914 168,851 165,231 397,719 407,897 125,967 121,021 3,822 6,765 Financial assets and other non-current assets/liabilities 246,484 221,110 150 160 0 0 200,465 171,000 45,869 49,950 Total fixed assets (A) 2,827,861 2,799,969 1,876,870 1,858,465 534,148 547,388 326,432 292,021 90,411 102,095 Inventories 697,343 612,997 450,393 390,956 243,738 220,486 1,982 749 1,230 806 Current assets 829,022 702,894 545,776 433,640 178,332 129,989 10,634 (563) 94,280 139,828 Current liabilities (1,053,133) (948,492) (565,703) (512,006) (215,103) (192,639) (9,005) 25,321 (263,322) (269,168) Provisions for contingencies and charges and other provisions (88,210) (89,058) (91) (152) 0 0 (71,855) (71,952) (16,264) (16,954) Net working capital (B) 385,022 278,341 430,375 312,438 206,967 157,836 (68,244) (46,445) (184,076) (145,488)

NET INVESTED CAPITAL

(A+B) 3,212,883 3,078,310 2,307,245 2,170,903 741,115 705,224 258,188 245,576 (93,665) (43,393)

Total Group equity 2,342,785 2,293,122 0 0 0 0 0 02,342,785 2,293,122 Total Minority interests 38,822 36,843 0 0 0 0 0 0 38,822 36,843 Equity (D) 2,381,607 2,329,965 0 0 0 0 0 02,381,607 2,329,965 Provisions for employees benefits (E) 32,723 29,100 0 0 0 0 0 0 32,723 29,100

Medium-/long-term net

financial debt 880,639 803,951 0 0 0 0 0 0 880,639 803,951 Short-term net financial debt (82,086) (84,706) 0 0 0 0 0 0 (82,086) (84,706) Net financial debt (F) 798,553 719,245 0 0 0 0 0 0 798,553 719,245

COVERAGE (D + E + F) 3,212,883 3,078,310 0 0 0 0 0 03,212,883 3,078,310

The column “Reclassifications” mainly refers to:

• Intangible assets: Development cost;

• Financial assets and other non-current assets/liabilities: Shareholdings valued using the equity method, Investments in other companies, Financial derivatives not included in Net Financial Position and Long-Term Deferred Tax Assets;

• Provisions for contingencies and charges and other provisions: Deferred tax liabilities and other tax provision.

2026 Brembo

Six Monthly Report31

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

The following should be noted in regard to the non-

segment data:

• intangible assets mainly consist of development costs;

• financial assets are not allocated; thet mainly refer to the value of shareholdings in associates or other

companies;

• current assets and liabilities mainly consist of trade receivables and payables;

• provisions for contingencies and charges and other provisions are not allocated.FINANCIAL RISK MANAGEMENT The Brembo Group is exposed to market, commodity, liquidity and credit risks, all of which are tied to the use of financial instruments. For a description of each type of risk, please refer to the Consolidated Financial Statements for the year ended 31 December 2025, as no significant changes have occurred in the reporting period.

Financial risk management is the responsibility of the central Treasury & Credit area of Brembo N.V., which, with the Administration & Finance Global Central Function and Purchasing Global Central Function, evaluates the main financial transactions and the related hedging policies.

Fair Value Measurement With regard to the disclosure on financial risks, the following information is provided:

a) the fair value hierarchy for the Group’s assets and

liabilities:

(euro thousand)30.06.2026 31.12.2025 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Financial assets measured at fair value through profit or loss:

Current derivatives 0 165 0 165 0 667 0 667

Hedging derivatives:

Current derivatives 0 3,624 0 3,624 0 3,114 597 3,711 Non-current derivatives 0 2,918 0 2,918 0 3,104 0 3,104 Total financial assets measured at fair value 0 6,707 0 6,707 0 6,885 597 7,482 Financial liabilities measured at fair value:

Current derivatives 0 (1,172) 0 (1,172) 0 (440) 0 (440)

Hedging derivatives:

Current derivatives 0 0 0 0 0 0 0 0 Non-current derivatives 0 0 (8,338) (8,338) 0 0 (5,991) (5,991) Total financial liabilities measured at fair value 0 (1,172) (8,338) (9,510) 0 (440) (5,991) (6,431) Assets (liabilities) for which fair value

is indicated:

Current and non-current payables to banks 0(1,238,580) 0(1,238,580) 0(1,221,878) 0(1,221,878) Current and non-current lease liabilities 0 (172,870) 0(172,870) 0 (178,085) 0(178,085) Other current and non-current financial liabilities 0 (141) 0 (141) 0 (306) 0 (306) Total assets (liabilities) for which fair value is indicated 0(1,411,591) 0(1,411,591) 0(1,400,269) 0(1,400,269) For all the items included in the table above the fair value measurement corresponds to the related carrying amount except for “Current and non-current payables to banks” for which the carrying amount is €1,216,386 thousand (€1,206,363 at 31 December 2025).

2026 Brembo

Six Monthly Report32

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

b) a reconciliation between the classes of financial assets and liabilities identified in the Group’s Statement of Financial Position and the types of financial assets and liabilities identified based on the requirements of

IFRS 7:

(euro thousand) 30.06.2026 31.12.2025

Financial assets

Financial assets at fair value through profit or loss Other financial assets at fair value through profit or loss 0 0 Current derivatives 165 667 Financial assets at amortised cost Other non-current receivables 48,498 50,593 Current trade receivables 718,742 553,542 Other current receivables 81,961 110,431 Cash and cash equivalents 582,903 656,402 Financial assets measured at fair value through other comprehensive income (FVOCI) Other financial assets at fair value through other comprehensive income 93 93

Hedging derivatives

Current derivatives 3,624 3,711 Non-current derivatives 2,918 3,104 Total financial assets 1,438,904 1,378,543

Financial liabilities

Financial liabilities at fair value through profit or loss Current derivatives (1,172) (440) Non-current derivatives 0 0 Financial liabilities measured at amortised cost Non-current payables to banks and other financial institutions (excluding lease payables) (732,244) (649,629) Other non-current payables (923) (618) Current payables to banks and other financial institutions (excluding lease payables) (484,283) (557,040) Trade payables (748,515) (658,849) Other current payables (180,614) (183,159)

Lease payables

Long-term lease liabilities (151,314) (157,426) Current lease payables (21,556) (20,659)

Hedging derivatives

Non-current derivatives (8,338) (5,991) Current derivatives 0 0 Total financial liabilities (2,328,959) (2,233,811)The approach used to calculate fair value is the present value of the future cash flows expected to derive from the instrument being measured, determined by discounting the scheduled instalments at a rate equal to the forward rate curve applicable to each account payable. In detail:

• loans and payables to other lenders with a duration of more than 12 months were measured at fair value determined by applying the forward rates curve to the residual duration of the loan;

• receivables, trade payables, held-to-maturity financial assets, payables and receivables to and from banks due within 12 months were measured at their carrying amounts, inasmuch as this is believed to approximate

fair values;

• the fair value of derivatives was determined on the basis of valuation techniques that take into account market parameters other than the prices of the financial instrument.RELATED PARTIES The Group carries out transactions with parents, subsidiaries, associates, joint ventures, directors, key management personnel and other related parties. The Parent Brembo N.V. is a subsidiary of Nuova FourB S.r.l.

Brembo did not engage in dealings with its parent in the first half of 2026, except for the dividend distribution.

Sales of products, supply of services and the transfer of fixed assets between Group companies were carried out at prices reflecting fair market conditions. The trading volumes reflect the internationalization process aimed at constantly improving both operating and organizational standards and optimising synergies within the Company.

From a financial standpoint, the subsidiaries operate independently, although some benefit from various forms of centralized financing. Since 2008, a zero-balance cash-

pooling system has been effective, with Brembo N.V.

as the pool leader. In 2013, an additional cash pooling arrangement was put in place, denominated in CNY , with Brembo Nanjing Brake Systems Co. Ltd. as pooler and Brembo Nanjing Automobile Components Co.

Ltd., Qingdao Brembo Trading Co. Ltd., Brembo Huilian (Langfang) Brake Systems Co. Ltd., Jiaxing Ciju Control Systems Co. Ltd. and Brembo (Shanghai) AI Technology Co. Ltd. The cash pooling is entirely based in China, and Citibank China is the service provider.

2026 Brembo

Six Monthly Report33

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

The following table provides a summary of related party transactions with reference to balances of the Statement of Financial Position and Statement of Income:

(euro thousand)30.06.2026 31.12.2025

Carrying

value TotalKey management

personnelOther

companiesJoint

ventures Associates %Carrying value TotalKey management

personnelOther

companiesJoint

ventures Associates % a) Weight of transactions or positions with related parties on items of the Statement of Financial Position Other receivables and current assets 110,280 7 0 7 0 0 0.0% 149,352 0 0 0 0 0 0.0% Trade receivables 718,742 2,352 14 51 2,040 247 0.3% 553,542 3,911 15 12 3,619 265 0.7% Employee benefits (32,723) (539) (2,025) 1,486 0 0 1.6% (29,100) (2,091) (3,334) 1,243 0 0 7.2% Trade payables (748,515) (11,456) (12) (108) (11,204) (132) 1.5% (658,849) (17,050) (16) (481) (16,510) (43) 2.6% Other current liabilities (180,614) (3,393) (3,266) 0 (127) 0 1.9% (183,159) (3,708) (3,579) 0 (129) 0 2.0%

30.06.2026 30.06.2025

b) Weight of transactions or positions with related parties on items of the Statement of Income Revenue from contracts with customers 1,920,400 880 0 0 880 0 0.0% 1,880,969 865 0 0 842 23 0.0% Other revenues and income 22,588 4,494 14 2,008 2,244 228 19.9% 12,090 2,681 14 206 2,314 147 22.2% Raw materials, consumables and goods (822,401) (50,065) 0 0 (50,055) (10) 6.1% (832,318) (53,646) 0 (3) (53,634) (9) 6.4% Income (expense) from non-financial investments 7,463 7,463 0 0 7,463 0 100.0% 5,256 5,256 0 0 5,256 0 100.0% Other operating costs (411,538) (5,835) (3,809) (240) (1,615) (171) 1.4% (387,657) (5,049) (3,072) (582) (1,233) (162) 1.3% Personnel expenses (417,180) (3,096) (3,064) (32) 0 0 0.7% (393,060) (2,850) (3,103) 253 0 0 0.7% Net financial income (expense) (14,013) 510 59 0 (1) 452 -3.6% (21,489) 67 (35) 0 (1) 103 -0.3%

2026 Brembo

Six Monthly Report34

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

INFORMATION ABOUT THE GROUP

The list of equity investments included in the Condensed Consolidated Six Monthly Financial Statements as at 30 June 2026 is reported here below:

Company Headquarters Share capital Stake held by group companies Brembo N.V. Bergamo Italy Eur 8,825,663 AP Racing Ltd. Coventry United KingdomGbp 135,935 100% Brembo N.V.

AP Racing North America Corp. Huntersville, North Carolina USA Usd 300,000 100% AP Racing Ltd.

Brembo Australia Pty Ltd. Melbourne Australia Aud 300,000 100% Brembo N.V.

Brembo Czech S.r .o. Ostrava-Hrabová Czech RepublicCzk 605,850,000 100% Brembo N.V.

Brembo Deutschland GmbH Leinfelden-Echterdingen Germany Eur 25,000 100% Brembo N.V.

Brembo France SAS Paris France Eur 50,000 100% Brembo N.V.

Brembo Inspiration Lab Corp. Sunnyvale, California USA Usd 300,000 100% Brembo N.V.

Brembo Japan Co. Ltd. Tokyo Japan Jpy 11,000,000 100% Brembo N.V.

Brembo Nanjing Brake Systems Co. Ltd. Nanjing China Cny 492,030,169 100% Brembo N.V.

Brembo North America Inc. Plymouth, Michigan USA Usd 33,798,805 100% Brembo N.V.

Brembo Poland Spolka Zo.o. Dąbrowa Górnizca Poland Pln 144,879,500 100% Brembo N.V.

Brembo Poland Manufacturing Sp. Zo.o. Dąbrowa Górnizca Poland Pln 50,000,000 100% Brembo Poland Spolka Zo.o.

Brembo Poland Heratech Sp. Zo.o. Dąbrowa Górnizca Poland Pln 5,000 100% Brembo Poland Spolka Zo.o.

Brembo Reinsurance AG Zürich Switzerland Eur 6,148,533 100% Brembo N.V.

Brembo Russia LLC Moscow Russia Rub 1,250,000 100% Brembo N.V.

Brembo (Shanghai) AI Technology Co. Ltd. Shanghai China Cny 1,200,000 100% Brembo N.V.

Brembo Scandinavia A.B. Göteborg Sweden Sek 4,500,000 100% Brembo N.V.

J.Juan S.A.U. Barcelona Spain Eur 150,260 100% Brembo N.V.

Jiaxing Ciju Control Systems Co. Ltd. Jiaxing China Cny 16,309,640 100% J.Juan S.A.U.

La.Cam (Lavorazioni Camune) S.r .l. Stezzano Italy Eur 100,000 100% Brembo N.V.

Öhlins Intressenter AB Upplands Väsby Sweden Sek 16,842,403 100% Brembo N.V.

Öhlins Group AB Upplands Väsby Sweden Sek 4,250,000 100% Öhlins Intressenter AB Öhlins Asia Co. Ltd. Chonburi Thailand Thb 22,500,000 100% Öhlins Group AB Öhlins USA Inc. Hendersonville, North CarolinaUSA Usd 1,035,000 100% Öhlins Group ABCompany Headquarters Share capital Stake held by group companies Qingdao Brembo Trading Co. Ltd. Qingdao China Cny 1,365,700 100% Brembo N.V.

Brembo (Nanjing) Automobile Components Co. Ltd.Nanjing China Cny 226,565,500 60% Brembo N.V.

40% Brembo India Pvt. Ltd.

SBS Friction A/S Svendborg Denmark Dkk 12,001,000 60% Brembo N.V.

40% Brembo India Pvt. Ltd.

Brembo Mexico S.A. de C.V. Apodaca Mexico Usd 70,428,836 49% Brembo N.V.

51% Brembo North America Inc.

Brembo India Pvt. Ltd. Pune India Inr 140,000,000 99.99% Brembo N.V.

Brembo do Brasil Ltda. Betim Brazil Brl 159,136,227 99.99% Brembo N.V.

Brembo Thailand Ltd. Rayong Thailand Thb 673,280,000 99.99% Brembo N.V.

Corporación Upwards '98 S.A. Zaragoza Spain Eur 498,043 68% Brembo N.V.

Brembo Huilian (Langfang) Brake Systems Co. Ltd. Langfang China Cny 170,549,133 66% Brembo N.V.

Shandong BRGP Friction Technology Co. Ltd. Jinan China Cny 124,900,000 50% Brembo N.V.

Brembo SGL Carbon Ceramic Brakes S.p.A. Stezzano Italy Eur 4,000,000 50% Brembo N.V.

Brembo SGL Carbon Ceramic Brakes GmbH Meitingen Germany Eur 25,000 100% Brembo SGL Carbon Ceramic Brakes S.p.A.

Infibra Technologies S.r .l. Pisa Italy Eur 53,133 20% Brembo N.V.

Petroceramics S.p.A. Stezzano Italy Eur 123,750 20% Brembo N.V.

COMMITMENTS

Contractual commitments for investments in property, plant and equipment and intangible assets already entered into with third parties at 30 June 2026 and not yet recognized in the Condensed Consolidated Six Monthly Financial Statements amounted to approximately €367 million (€293 million at 31 December 2025).SIGNIFICANT EVENTS AFTER 30 JUNE 2026 No significant events occurred after the end of the first half of the year and up to 29 July 2026.

2026 Brembo

Six Monthly Report35

Index1. Corporate

Highlights2. Directors’

Report3. Condensed Consolidated

Financial Statements

ANALYSIS OF EACH ITEM

STATEMENT OF FINANCIAL POSITION

1. PROPERTY, PLANT, EQUIPMENT AND RIGHT OF USE ASSETS

Property, plant and equipment The changes in property, plant and equipment are shown in the table below and described in this section.

(euro thousand) Land BuildingsPlant and

machineryIndustrial and

commercial

equipment Other assetsAssets in course

of construction

and payments

on account Total Historical cost 59,950 634,963 2,064,611 356,109 98,273 375,775 3,589,681 Accumulated depreciation 0 (231,962) (1,442,030) (292,173) (74,788) 0 (2,040,953) Write-down provision 0 (176) (2,282) (3,636) (11) (288) (6,393) Balance at 1 January 2025 59,950 402,825 620,299 60,300 23,474 375,487 1,542,335

Changes:

Translation differences (2,824) (23,777) (23,994) (1,022) (1,447) (20,464) (73,528) Change in consolidation area 0 1,486 3,340 548 722 785 6,881 Reclassifications 0 6,763 40,553 2,219 2,667 (52,241) (39) Additions 1,291 6,648 17,443 7,795 1,138 125,597 159,912 Disposals 0 0 (346) (109) (32) (174) (661) Reclassification from leased assets to property, plant and equipment 21,602 48,760 0 (1,499) 0 0 68,863 Depreciation 0 (12,250) (73,105) (11,905) (3,828) 0 (101,088) Impairment losses 0 0 (22) (17) 0 (15) (54) Total changes 20,069 27,630 (36,131) (3,990) (780) 53,488 60,286 Historical cost 80,019 665,115 2,044,330 358,582 102,016 429,265 3,679,327 Accumulated depreciation 0 (234,484) (1,458,491) (297,124) (79,286) 0 (2,069,385) Write-down provision 0 (176) (1,671) (5,148) (36) (290) (7,321) Balance at 30 June 2025 80,019 430,455 584,168 56,310 22,694 428,975 1,602,621(euro thousand) Land BuildingsPlant and

machineryIndustrial and

commercial

equipment Other assetsAssets in course

of construction

and payments

on account Total Historical cost 79,960 687,957 2,098,941 377,127 109,301 518,399 3,871,685 Accumulated depreciation 0 (247,598) (1,518,900) (310,694) (83,361) 0 (2,160,553) Write-down provision 0 (176) (1,772) (5,148) (39) (467) (7,602) Balance at 1 January 2026 79,960 440,183 578,269 61,285 25,901 517,932 1,703,530

Changes:

Translation differences 595 5,962 6,094 690 784 3,949 18,074 Reclassifications 0 103,364 64,575 2,864 943 (174,294) (2,548) Additions 0 15,379 32,212 8,093 1,580 45,230 102,494 Disposals 0 0 (1,297) (81) (66) (626) (2,070) Depreciation 0 (13,820) (70,314) (13,624) (3,902) 0 (101,660) Impairment losses 0 0 (8) 0 0 5 (3) Total changes 595 110,885 31,262 (2,058) (661) (125,736) 14,287 Historical cost 80,555 815,401 2,206,161 391,174 112,998 392,848 3,999,137 Accumulated depreciation 0 (264,333) (1,595,063) (324,799) (87,754) 0 (2,271,949) Write-down provision 0 0 (1,567) (7,148) (4) (652) (9,371) Balance at 30 June 2026 80,555 551,068 609,531 59,227 25,240 392,196 1,717,817 In the first half of 2026, investments in tangible fixed assets amounted to €102,494 thousand, including €45,230 thousand in fixed assets in course of construction, mainly made in Poland and North America.Net disposals amounted to €2,070 thousand and refer to the normal cycle of machinery replacement, as it becomes unusable in production processes.

Total depreciation charges for the first half of 2026 amounted to €101,660 thousand (€101,088 thousand at 30 June 2025).

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Right of use assets The following table shows the movements in item “Right of use assets”:

(euro thousand) Land BuildingsOther

assets Total

Historical cost 15,388 285,630 36,320 337,338 Accumulated depreciation (823) (81,235) (22,619) (104,677) Balance at 1 January 2025 14,565 204,395 13,701 232,661

Changes:

Translation differences (967) (2,881) (398) (4,246) Change in consolidation area 0 6,583 582 7,165 Reclassification from leased assets to property, plant and equipment 0 (70,362) 0 (70,362) New contracts/leases for the period 0 11,083 2,843 13,926 Unwinding of lease contract 0 (24) (230) (254) Depreciation (378) (9,268) (3,732) (13,378) Total changes (1,345) (64,869) (935) (67,149) Historical cost 14,336 201,651 31,469 247,456 Accumulated depreciation (1,116) (62,125) (18,703) (81,944) Balance at 30 June 2025 13,220 139,526 12,766 165,512 Historical cost 14,454 220,057 30,869 265,380 Accumulated depreciation (1,497) (71,155) (18,313) (90,965) Balance at 1 January 2026 12,957 148,902 12,556 174,415

Changes:

Translation differences 34 85 138 257 New contracts/leases for the period 0 1,028 3,983 5,011 Unwinding of lease contract 0 154 (42) 112 Depreciation (365) (9,025) (3,204) (12,594) Total changes (331) (7,758) 875 (7,214) Historical cost 14,513 221,826 34,376 270,715 Accumulated depreciation (1,887) (80,682) (20,945) (103,514) Balance at 30 June 2026 12,626 141,144 13,431 167,201

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2. INTANGIBLE ASSETS (DEVELOPMENT COSTS,

GOODWILL AND OTHER INTANGIBLE ASSETS)

The changes in this item are shown in the table below and described in this section.

(euro thousand)Development

costsGoodwill

(A)Intangible

assets with

indefinite

useful lives

(B)Sub-total

(A + B)Industrial

patents,

trademarks

and similar

rights

(C)Other

intangible

assets

(D)Total other

intangible

assets

(C + D) Total Historical cost 347,969 124,164 11,317 135,481 53,389 219,205 272,594 756,044 Accumulated amortization (227,427) 0 0 0 (40,696) (149,874) (190,570) (417,997) Write-down provision (11,530) (12,501) (2) (12,503) (2,589) 0 (2,589) (26,622) Balance at 1 January 2025 109,012 111,663 11,315 122,978 10,104 69,331 79,435 311,425

Changes:

Translation differences (1,009) (2,130) 1,395 (735) 5 1,634 1,639 (105) Change in consolidation area 2,817 195,835 51,117 246,952 0 125,040 125,040 374,809 Reclassifications 0 0 0 0 591 (773) (182) (182) Additions 15,464 220 0 220 613 10,368 10,981 26,665 Other 0 0 0 0 6 0 6 6 Amortization (11,189) 0 0 0 (1,234) (11,340) (12,574) (23,763) Impairment losses (174) 0 0 0 0 0 0 (174) Total changes 5,909 193,925 52,512 246,437 (19) 124,929 124,910 377,256 Historical cost 362,469 317,704 63,829 381,533 54,102 352,687 406,789 1,150,791 Accumulated amortization (235,843) 0 0 0 (41,428) (158,427) (199,855) (435,698) Write-down provision (11,705) (12,116) (2) (12,118) (2,589) 0 (2,589) (26,412) Balance at 30 June 2025 114,921 305,588 63,827 369,415 10,085 194,260 204,345 688,681(euro thousand)Development

costsGoodwill

(A)Intangible

assets with

indefinite

useful lives

(B)Sub-total

(A + B)Industrial

patents,

trademarks

and similar

rights

(C)Other

intangible

assets

(D)Total other

intangible

assets

(C + D) Total Historical cost 268,417 323,751 65,413 389,164 48,674 293,777 342,451 1,000,032 Accumulated amortization (146,665) 0 0 0 (33,811) (103,441) (137,252) (283,917) Write-down provision (732) (11,878) (2) (11,880) (2,589) 0 (2,589) (15,201) Balance at 1 January 2026 121,020 311,873 65,411 377,284 12,274 190,336 202,610 700,914

Changes:

Translation differences 319 (1,927) (1,305) (3,232) (53) (1,907) (1,960) (4,873) Reclassifications 0 0 0 0 753 (743) 10 10 Additions 17,343 0 0 0 1,253 8,441 9,694 27,037 Amortization (11,127) 0 0 0 (1,729) (12,286) (14,015) (25,142) Impairment losses (1,587) 0 0 0 0 0 0 (1,587) Total changes 4,948 (1,927) (1,305) (3,232) 224 (6,495) (6,271) (4,555) Historical cost 286,676 321,974 64,108 386,082 50,560 300,877 351,437 1,024,195 Accumulated amortization (158,777) 0 0 0 (35,474) (117,036) (152,510) (311,287) Write-down provision (1,931) (12,028) (2) (12,030) (2,588) 0 (2,588) (16,549) Balance at 30 June 2026 125,968 309,946 64,106 374,052 12,498 183,841 196,339 696,359

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Financial Statements

Development costs

The item “Development costs” includes costs for development, internal and external, for a gross historical cost of €286,676 thousand. They refer to development projects — of which the Group regularly monitors the progress and profitability perspectives — agreed upon with end customers and confirmed, that at the reporting date have neither been suspended or cancelled. During the reporting period, this item changed due to higher costs incurred in the first half of 2026 for development orders received both during the half-year period and in previous periods, for which additional development costs were incurred; amortization amounting to €11,127 thousand was recognized for development costs associated with orders regarding products that have already entered production.

The gross amount includes development activities for projects underway totalling €68,306 thousand. The total amount of costs for capitalized internal works charged to the Statement of Income in the item “Costs for capitalized internal works” in the reporting period amounted to €17,345 thousand (first half of 2025: €15,613 thousand).

Impairment losses totaled €1,587 thousand (€174 thousand in the first half of 2025) and are recognized in the Statement of Income under “Amortization, depreciation and impairment losses. ” Impairment losses refer to development costs incurred mainly by the Parent, Brembo N.V., in relation to projects that, consistent with the desire of the customer or Brembo, were not completed or underwent changes in terms of their end destination.Goodwill The item “Goodwill” arose from the following business

combinations:

(euro thousand) 30.06.2026 31.12.2025

Discs/Systems/Motorcycles:

Brembo North America Inc.

(Hayes Lemmerz) 14,981 14,527 Brembo Mexico S.A. de C.V.

(Hayes Lemmerz) 912 884 Brembo Nanjing Brake Systems Co. Ltd. 905 851 Brembo India Pvt. Ltd. 6,105 6,236 Brembo Huilian (Langfang) Brake Systems Co. Ltd. 43,545 40,926 SBS Friction A/S 20,644 20,659 J.Juan Group 6,296 6,296 Brembo N.V. (I.TRA) 220 220

Aftermarket/Performance

Group/Suspensions:

Corporación Upwards ’98 (Frenco S.A.) 2,006 2,006 AP Racing Ltd. 12,044 11,896 Öhlins Group 202,288 207,372 Total 309,946 311,873 The change compared to 31 December 2025 was mainly attributable to the change in consolidation exchange rates differences.CGUs are typically identified as the business being acquired and therefore tested for impairment. If the asset being tested for impairment refers to businesses operating in multiple business lines, it is attributed to all business lines in existence at the date of acquisition; this approach is consistent with valuations carried out at the acquisition date, which are typically based on the estimated recoverable amount of the entire investment.

Intangible assets with indefinite useful lives This item includes €52,801 thousand for Öhlins trademark, €1,030 thousand related to the Villar trademark, owned by the subsidiary Corporación Upwards ‘98 S.A., €1,314 thousand for the SBS Friction trademark, €8,585 thousand for the J.Juan trademark and €376 thousand for the trademark LF of Brembo Huilian (Langfang) Brake Systems Co. Ltd.

Impairment test

The Group conducts an impairment test at year-end and whenever there are indicators of impairment losses. The Group’s impairment test on goodwill and intangible assets with indefinite useful lives is based on the value in use;

the key assumptions used to determine the recoverable amount of invested capital for the various CGUs have been set out in the Consolidated Financial Statements for the year ended 31 December 2025.

Among the various indicators of impairment losses, the Group considers the relationship between its market capitalization and equity, which at 30 June 2026 did not show any indicators of impairment losses.

With regard to the identification of internal indicators, an internal impairment indicator was considered to be the occurrence of a simultaneous deterioration in both the final results for the first six months of 2026 compared to the 2026 budget and the 2026 annual 5+7 forecast compared to the 2026 budget.Some of the biggest CGUs, both in the Discs-Systems-Moto and in the Performance-Suspensions segments, showed this internal impairment indicator, due to the negative automotive market trend that affected the first half of 2026.

The Group assessed the performance of these CGUs using the 2027-2030 Plan approved by the Board of Directors on 29 July 2026, updating the estimate of the Group discount rate (Group WACC) to 8.96% (8.48% in 2025) and maintaining the growth rate (g-rate), used to determine the terminal value, at 1.5% without the need to make any write-down, since the carrying amount is lower than its recoverable amount.

After having performed the base tests, according to the calculation for each CGU, the sensitivity analyses were conducted. In the event of a change in:

• growth rate from 1.5% to 1%: no impairment loss

required;

• sales volumes -5%: no impairment loss required;

• WACC from 8.96% to 9.96%: Öhlins Group GCU would

become impaired;

• sales volumes -10%: Öhlins Group GCU would become impaired (breakpoint -7%).

In addition, the Group introduced an additional sensitivity scenario on cash flows at consolidated level to reflect its carbon neutrality goals. Accordingly, cash outflows were simulated, both during the explicit period and in the estimate of terminal value, which simulate the cost of neutralizing CO2 emissions (Scope 1) on the basis of the market values that would be incurred to neutralize them.

The result of the analysis showed no impairment of the assets recognized in the financial statements.

Other intangible assets Acquisitions recognized under “Other intangible assets” totaled €9,694 thousand and refer for €1,253 thousand to the filing of specific patents and trademarks, and for the remaining amount mainly to the share of the investment for the reporting year associated with the development of

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the Group’s Digital Transformation plan.

3. SHAREHOLDINGS VALUED USING

THE EQUITY METHOD (ASSOCIATES

AND JOINT VENTURES)

This item includes the amounts attributable to the Group related to the shareholdings valued using the equity method. The following table shows all relevant movements:

(euro thousand) 31.12.2025Exchange rate

fluctuationsWrite-ups/

write-downs Dividends 30.06.2026 Brembo SGL Carbon Ceramic Brakes Group 57,565 0 6,915 0 64,480 Shandong BRGP Friction Technology Co. Ltd. 8,142 589 548 0 9,279 Petroceramics S.p.A. 1,616 0 435 (80) 1,971 Infibra Technologies S.r .l. 0 0 0 0 0 Total 67,323 589 7,898 (80) 75,730 It should be noted that the impact on the Statement of Income of valuation of shareholdings using the equity method is classified in two items: “Income (expense) from non-financial investments” , attributable to the effects of the valuation using the equity method of the BSCCB Group and the company Shandong BRGP Friction Technology Co.

Ltd., and “Income (expense) from financial investments” , attributable to the valuation of associates using the equity method.The investment in Brembo SGL Carbon Ceramic Brakes Group was written up by €6,915 thousand and that in Shandong BRGP Friction Technology Co. Ltd. by €548 thousand, mainly to account for net income for the period.4. INVESTMENTS IN OTHER COMPANIES,

DERIVATIVES AND OTHER FINANCIAL

ASSETS

This item is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Investments in other companies measured at fair value 93 93 Investments in other companies measured at cost 3,763 3,623 Derivatives measured at fair value 2,918 3,104 Other securities 14 13 Other 2,642 2,463 Total 9,430 9,296 The item “Investments in other companies measured at fair value” consisted of the fair value of the 10.33% interest held in E-Novia S.p.A. for €93 thousand.

The change in “Investments in other companies measured at cost” at 30 June 2026 was mainly attributable to the Parent’s interest in consortium funds intended for research.

The item “Derivatives” refers for €2,918 thousand to the non-current portion of the fair value of three IRSs entered into directly by the Parent Brembo N.V hedging the change in interest rate risk associated with a specific outstanding loan. These IRSs fall within the requirements set forth in the accounting standards relating to hedge accounting (cash flow hedge). The change in fair value compared to 31 December 2025 was recognized as a component of comprehensive income, net of the tax effect, given that the hedge is fully effective.The item “Other” mainly includes interest-free security deposits for utilities and car rental agreements.

5. RECEIVABLES AND OTHER NON-CURRENT

ASSETS

This item is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Other non-current assets 42,045 44,461 Income tax receivables 2,207 3,758 Non-income tax receivables 34 34 Total 44,286 48,253 The item “Other non-current assets” mainly includes the amounts related to contributions towards clients for the acquisition of long-term exclusive supply arrangements, which were subsequently released to the Statement of Income in accordance with the supply schedule for the clients.

Income tax receivables mainly refer to tax credits that can be used beyond one year, granted on the purchase of new property, plant and equipment, and other tax credits for which refunds have been requested.

6. DEFERRED TAX ASSETS AND LIABILITIES

The net balance of deferred tax assets and liabilities at 30 June 2026 is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Deferred tax assets 129,218 105,951 Deferred tax liabilities (69,578) (70,072) Total 59,640 35,879

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Deferred tax assets and liabilities were generated mainly due to temporary differences for capital gains with deferred taxation, other income items subject to future deductions or taxation, prior years’ tax losses and other consolidation adjustments.

Movements for the period are reported in the following

table:

(euro thousand) 30.06.2026 30.06.2025 Balance at beginning of period 35,879 84,082 Change in consolidation area 0 (35,670) Deferred tax liabilities generated (1,713) (253) Deferred tax assets generated 25,118 13,464 Use of deferred tax assets and liabilities (3,439) (8,278) Exchange rate fluctuations 3,340 (7,010) Reclassifications 0 (7,549) Other movements 455 1,958 Balance at end of period 59,640 40,744 It should also be noted that Brembo Czech S.r.o. has three tax incentive plans, one of CZK 133.1 million (expiring in 2026), one of CZK 63.8 million (expiring in 2029) and another of CZK 367.0 million (expiring in 2031), on which the company did not recognize any deferred tax assets.7. INVENTORIES A breakdown of net inventories, which are stated net of the inventory write-down provision, is shown below:

(euro thousand) 30.06.2026 31.12.2025 Raw materials 267,725 244,935 Work in progress 128,351 114,994 Finished products 256,826 209,338 Goods in transit 44,441 43,730 Total 697,343 612,997 The change compared to 31 December 2025 was attributable to a policy aimed at increasing the supply of inventories in order to tackle any supply chain-related risks.

Movements in the inventory write-down provision are reported in the following table:

(euro thousand) 30.06.2026 30.06.2025 Balance at the beginning of period 81,798 88,494 Provisions 12,486 9,488 Use/Release (9,329) (12,239) Exchange rate fluctuations 639 (1,808) Reclassification 1,124 0 Change in consolidation area 0 2,014 Balance at end of period 86,718 85,949 The inventory write-down provision is determined to align the cost of inventories to their estimated realizable value.8. TRADE RECEIVABLES At 30 June 2026, the balance of trade receivables compared to the end of the previous year was as follows:

(euro thousand) 30.06.2026 31.12.2025 Receivables from customers 716,455 549,658 Receivables from associates and joint ventures 2,287 3,884 Total 718,742 553,542 The increase in trade receivables is mainly due to a higher level of sales and to the sales volumes mix sold to customer with higher payment terms and partially for some delays in payments just recovered or addressed in July.

The bad debt risk is not concentrated in any one area, as the Group has a client portfolio spread across the various geographical areas in which it operates. In this regard, the customers’ risk profile is substantially unchanged compared to that assessed in the previous year.

Account receivables from customers are recognized net of the provision for bad debts, which amounted to €10,955 thousand. Movements in the provision for bad debts are

shown below:

(euro thousand) 30.06.2026 30.06.2025 Balance at beginning of period 10,891 17,946 Provisions 474 512 Use/Release (720) (2,857) Exchange rate fluctuations 310 (571) Reclassifications 0 77 Change in consolidation area 0 255 Balance at end of period 10,955 15,362The Brembo Group’s maximum credit risk exposure is the book value of the gross financial assets recognized in the financial statements, net of any amounts offset in accordance with IAS 32 and any impairment losses recognized in accordance with IFRS 9. It bears noting that Brembo has no credit insurance contracts as its credit risk is modest since its main business partners are leading car and motorbike manufacturers with high credit standing.

9. OTHER RECEIVABLES AND CURRENT

ASSETS

This item is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Income tax receivables 30,429 41,304 Non-income tax receivables 44,848 74,768 Other receivables 35,003 33,280 Total 110,280 149,352 The item “Income tax receivables” includes the receivable recognized by the Parent in prior years in relation to the application of an IRES refund, concerning the non- deductibility for IRAP purposes of personnel expenses, and other applications for IRES and IRAP refunds, besides the R&D tax credit.

The decrease in the item “Non-income tax receivables” primarily includes the reimbursement of VAT receivables of Brembo N.V. and of subsidiaries, in particular those located in Poland and Mexico.

The item “Other receivables” mainly includes advances paid to suppliers for goods and services, as well as other accrued income.

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10. DERIVATIVES AND CURRENT FINANCIAL

ASSETS

This item is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Other securities 295 295 Derivatives measured at fair value 3,789 4,378 Security deposits 2,030 2,284 Other receivables 80 84 Total 6,194 7,041 The item “Derivatives” refers for €3,624 thousand to the current portion of the fair value of four IRSs entered into directly by the Parent Brembo N.V. hedging the change in interest rate risk associated with a specific outstanding loan. These IRSs fall within the requirements set forth in the accounting standards relating to hedge accounting (cash flow hedge). The change in fair value compared to 31 December 2025 was recognized as a component of comprehensive income, net of the tax effect, given that the hedge is fully effective.

The item also includes the fair value of derivative assets relating to hedging through currency forwards for €165

thousand.11. CASH AND CASH EQUIVALENTS

Cash and cash equivalents include:

(euro thousand) 30.06.2026 31.12.2025 Bank and postal account 582,802 656,301 Cash-in-hand and cash equivalents 101 101 Total cash and cash equivalents 582,903 656,402 The items listed above can be converted readily into cash and are not exposed to a significant risk that their value may change. It is deemed that the book value of cash and cash equivalents approximates their fair value at the reporting date. Cash is on deposit with credit institutions whose ratings are constantly monitored in order to select only financially sound counterparties.

It should be noted that, with regard to the amount recognized in the Statement of Cash Flows, interest paid in the half year totaled €22,677 thousand (€24,838 thousand at 30 June 2025). This interest does not include the €1,780 thousand positive differentials on the IRSs entered into the hedge against the change in interest-rate on the variable-

rate loans (€3,673 at 30 June 2025).12. EQUITY Group consolidated equity at 30 June 2026 increased by €49,663 thousand compared to 31 December 2025 (€29,610 due to the change in translation adjustment reserve). For further details, reference should be made to the paragraph “Significant events during the six-month period” . Movements are given in the relevant statement within the Condensed Consolidated Six Monthly Financial Statements.

Share capital

The issued share capital amounted to €8,826 thousand at 30 June 2026. The table below shows the composition of the share capital and the number of shares outstanding at 30 June 2026:

Issued share

capital (€)No. of shares making up the share capitalNo. of voting

rights

Ordinary shares 3,339,222.50 333,922,250 333,922,250

Special Voting

Shares A (*) 63,639.72 6,363,972 6,363,972

Special Voting

Shares B (*) 52,712.00 2,635,600 5,271,200

Special Voting

Shares C (*) 5,365,788.15 178,859,605 536,578,815

Special Voting

Shares D (*) 4,300.24 107,506 430,024

Total shares

outstanding 8,825,662.61 521,888,933 882,566,261 (*) For further information on the share capital, please see the Brembo website: Share Capital | Brembo Corporate .As part of Brembo’s buy-back plan, during the first half of 2026 the Company neither purchased nor sold own shares.

Statutory reserve

The statutory reserve, created in 2024 from share capital decrease, is aimed to generate a reserve for future issues of special voting share, without any need to amend the Articles of Association.

Other reserves and retained earnings/(losses) The Annual General Meeting (the “AGM”) of the Parent Brembo N.V. held on 29 April 2026 approved the Financial Statements for the financial year ended 31 December 2025, allocating net income for the year amounting to €102,634,286.87 as follows:

• to the Shareholders, a gross ordinary dividend of €0.30 per ordinary share outstanding, excluding own shares;

• the remaining amount carried forward.

Minority interests

This item changed due to dividends paid to minority shareholders, as well as to the change in consolidation exchange rates differences.

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13. FINANCIAL DEBT AND DERIVATIVES

This item is broken down as follows:

(euro thousand)30.06.2026 31.12.2025

Due within

one yearDue after one year TotalDue within one yearDue after one year Total Payables to banks:

– overdrafts 323,383 0 323,383 372,069 0 372,069 – loans 160,878 732,125 893,003 184,795 649,499 834,294 Total 484,261 732,125 1,216,386 556,864 649,499 1,206,363 Lease liabilities 21,556 151,314 172,870 20,659 157,426 178,085 Payables to other financial institutions 22 119 141 176 130 306 Derivatives measured at fair value 1,172 8,338 9,510 440 5,991 6,431 Total 22,750 159,771 182,521 21,275 163,547 184,822 The following table provides a breakdown of Loans included into “Payables to banks”:

(euro thousand)Amount at

31.12.2025Amount at

30.06.2026Portion due

within one yearPortion due

between

1 and 5 yearsPortion due after 5 years

Loans:

BNL loan (€100 million) 25,068 12,538 12,538 0 0 BNL loan(€200 million) 124,919 99,946 49,961 49,985 0 BPER loan (€125 million) - formerly Banca Popolare di Sondrio 37,704 25,142 25,142 0 0 ISP loan (€100 million) 24,965 12,489 12,489 0 0 BPER loan (€150 million) - formerly Banca Popolare di Sondrio 112,411 93,686 37,462 56,224 0 Mediobanca loan (€100 million) 99,809 88,735 22,160 66,575 0 Mediobanca loan (€150 million) 149,700 149,736 0 149,736 0 BPER loan (€100 million) - formerly Banca Popolare di Sondrio 99,934 99,942 0 99,942 0 BPER loan 2026 (€150 million) - formerly Banca Popolare di Sondrio 0 150,986 1,126 112,368 37,492 BNL loan (€160 million) 159,784 159,803 0 119,812 39,991 Total loans 834,294 893,003 160,878 654,642 77,483The most significant transactions finalized in first half of 2026 include the full draw-down of one medium-term loan of €150,000 thousand contracted by Brembo N.V. with BPER Banca (formerly Banca Popolare di Sondrio).

It should be noted that several loans require compliance with certain financial covenants. At the end of the reporting period, all of these covenants had been met. The current level of covenants allows the Group to benefit from a safety margin that does not entail the need to reclassify financial payables subject to such covenants as short-term financial payables. At 30 June 2026, there were no financial payables secured by collateral.

The following table shows the breakdown of “Other financial liabilities” .

(euro thousand)Amount at

31.12.2025Amount at

30.06.2026Portion due

within 1 yearPortion due

between

1 and 5 yearsPortion due after 5 years Other financial liabilities:

Payables to other financial institutions:

Libra loan 131 0 0 0 0 Prestito MIUR Smart Manufacturing 151 141 22 93 26 Ministerio de Ciencia e Innovaci Ón 24 0 0 0 0 Total payables to other financial institutions 306 141 22 93 26 Lease liabilities 178,085 172,870 21,556 65,928 85,386 Total other financial liabilities 178,391 173,011 21,578 66,021 85,412 The following table shows the structure of loans towards banks and other financial institutions at 30 June 2026, broken down by annual interest rate and currency:

(euro thousand)30.06.2026 31.12.2025 Fixed rate Variable rate Total Fixed rate Variable rate Total Total 351,096 542,048 893,144 399,803 434,797 834,600

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The average variable rate applicable to the Group’s debt is 2,93% and the average fixed rate is 2,34%.

The item “Derivatives” includes the fair value relating to hedging through currency forwards for €1,172 thousand and for €8,338 thousand to the fair value of a derivative liability relating to a specific financial transaction hedging against the risk of fluctuation in the electricity price undertaken in 2024 by Brembo Poland Sp.Zo.o.

IRSs fall within the requirements set forth in the accounting standards relating to hedge accounting (cash flow hedge). The change in fair value compared to 31 December 2025 was recognized as a component of comprehensive income, net of the tax effect, given that the hedge is fully effective.

At 30 June 2026, IRS derivatives had an overall positive fair value of €6,542 thousand, entirely recognized in a cash flow hedge reserve, gross of tax effects.

Changes in the Cash Flow Hedge Reserve, gross of tax effects and net of interests, are as follows:

(euro thousand) 30.06.2026 31.12.2025 Opening value (775) (30,187) Change in fair value reserve (65) (1,737) Change in reserve for payment/ collection of differentials 2,663 31,149 Closing value 1,823 (775)Net financial debt The following table shows the reconciliation of the net financial debt at 30 June 2026 (€798,553 thousand) and at 31 December 2025 (€719,245 thousand) based on the layout prescribed by ESMA 32-382-1138 Guidelines of 4

March 2021:

(euro thousand) 30.06.2026 31.12.2025 ACash 582,903 656,402 BCash equivalents 0 0 COther current financial assets 6,194 6,443 DLiquidity (A + B + C) 589,097 662,845 ECurrent financial debt (including debt instruments, but excluding current portion of non-current financial debt) 346,133 393,344 FCurrent portion of non-current financial debt 160,878 184,795 GCurrent financial debt (E + F) 507,011 578,139 HNet current financial debt (G - D) (82,086) (84,706) INon-current financial debt (excluding current portion and debt instruments) 880,639 803,951 JDebt instruments 0 0 KTrade payables and other non-current payables 0 0 LNon-current financial debt (I + J + K) 880,639 803,951 MTotal financial debt (H + L) 798,553 719,245 The various components that gave rise to the change in net financial debt during the reporting period are presented in the Statement of Cash Flows in the Directors’ Report.Item “Non-current financial debt (excluding the current portion and debt instruments)” includes the non-current component of IRS derivatives amounting to €2,918 thousand.

Pursuant to IAS 7 — Statement of Cash Flows, changes in liabilities arising from financing activities are reported below. The table allows a reconciliation of the cash flows recognized in the Statement of Cash Flows in the Directors’ Report and the total changes in the period of the Statement of Financial Position items that contribute to financial debt.

(euro thousand) 31.12.2025 Cash flowsNon-cash flow

30.06.2026Change in

consolidation

area AdditionsExchange

rate

fluctuations Fair valueOther

movements

Loans and payables to other financial institutions 834,600 57,472 0 0 0 0 1,072 893,144 Lease liabilities 178,085 (13,964) 0 4,630 225 0 3,894 172,870

Derivatives measured

at fair value 6,431 0 0 0 (104) 3,183 0 9,510 Payables to banks: overdrafts/ credit lines 372,069 (54,081) 0 0 5,395 0 0 323,383 Total liabilities from financing activities 1,391,185 (10,573) 0 4,630 5,516 3,183 4,966 1,398,907 (euro thousand) 31.12.2024 Cash flowsNon-cash flow

30.06.2025Change in

consolidation

area AdditionsExchange

rate

fluctuations Fair valueOther

movements

Loans and payables to other financial institutions 738,609 177,682 0 0 0 0 701 916,992 Lease liabilities 238,492 (87,346) 7,165 7,794 (5,197) 0 9,361 170,269

Derivatives measured

at fair value 4,181 0 0 0 18 3,249 0 7,448 Payables to banks: overdrafts/ credit lines 261,621 60,561 0 0 (24,304) 0 0 297,878 Total liabilities from financing activities 1,242,903 150,897 7,165 7,794 (29,483) 3,249 10,062 1,392,587

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Financial Statements

14. OTHER NON-CURRENT LIABILITIES

This item is broken down as follows:

(euro thousand) 30.06.2026 31.12.2025 Social security payables 868 567 Other payables 55 51 Total 923 618

15. PROVISIONS

This item is broken down as follows:

(euro thousand)30.06.2026 30.06.2025

Provisions for

contingencies

and chargesProvision

for product

guarantees TotalProvisions for

contingencies

and chargesProvision

for product

guarantees Total

Balance at beginning of period 8,564 10,422 18,986 14,685 11,118 25,803 Change in consolidation area 0 0 0 0 469 469 Provisions 1,743 1,478 3,221 1,791 1,825 3,616 Use/Release (2,874) (1,104) (3,978) (4,928) (2,507) (7,435) Exchange rate fluctuations 85 318 403 (15) (406) (421) Balance at end of period 7,518 11,114 18,632 11,533 10,499 22,032 of which short-term 832 2,447 Provisions totaled €18,632 thousand, including a provision for product warranties for probable future costs linked to contractual warranties (€11,114 thousand), supplemental customer indemnities — in connection with the Italian agency contract — and the valuation of risks related to litigation underway, as well as an estimate of liabilities that could arise as a result of tax litigation in place.16. NET EMPLOYEE BENEFITS Group companies provide post-employment benefits through defined contribution plans or defined benefit plans.

In the case of defined contribution plans, the Group companies pay contributions to public or private insurance institutes based on legal or contractual obligations or on a voluntary basis. Once such contributions have been paid, the companies have no further payment obligations.

Defined contribution plans include a plan relating to Brembo Huilian (Langfang) Brake Systems Co. Ltd.

and reserved for 10 early retired employees, who have guaranteed monthly payments until they reach pension age.

The employees of the UK subsidiary AP Racing Ltd.

have the benefit of a corporate pension plan (AP Racing Pension Scheme), which is made up of two sections: the first is a defined contribution plan for employees hired after 1 April 2001, and the second is a defined benefit plan for those already in service at 1 April 2001 (and previously covered by the AP Group Pension Fund). The defined benefit plan is funded by employer and employee contributions made to a trustee that is legally separated from the enterprise providing benefits to its employees.

Unfunded defined benefit plans include also the “Employees’ leaving entitlement” provided by the Group’s Italian companies, in accordance with current applicable regulations.

The value of funds is calculated on an actuarial basis using the “Projected Unit Credit Method” .

The item “Other employee benefits” includes the liability associated with the 2025-2027 three-year incentive plan reserved for top managers, to be settled in May 2028.

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Financial Statements

Liabilities at 30 June 2026 are given in the table below:

(euro thousand)30.06.2026 30.06.2025

Employees’

leaving

entitlementDefined benefit

plansDefined

contribution

plansOther long-term

benefits TotalEmployees’

leaving

entitlementDefined benefit

plansDefined

contribution

plansOther long-term

benefits Total

Balance at beginning of period 11,610 9,588 159 7,743 29,100 12,156 3,969 870 30,361 47,356 Provisions 0 778 3,121 4,406 8,305 0 644 2,687 3,972 7,303 Use/Release (803) (1,026) (3,141) 0 (4,970) (629) (662) (2,778) (30,511) (34,580) Interest expense 213 313 0 (115) 411 191 194 0 22 407 Exchange rate fluctuations 0 (2) 8 33 39 0 (573) (29) (174) (776) Reclassification 0 0 0 0 0 Other 29 (191) 0 0 (162) (256) 51 0 0 (205) Balance at the end of period 11,049 9,460 147 12,067 32,723 11,462 3,623 750 3,670 19,505

17. TRADE PAYABLES

At 30 June 2026, trade payables were as follows:

(euro thousand) 30.06.2026 31.12.2025 Trade payables 737,179 642,296 Payables to associates and joint ventures 11,336 16,553 Total 748,515 658,849In order to extend payment terms for an additional 90 days, the company Brembo Huilian (Langfang) Brake Systems Co. Ltd. and Qingdao Brembo Trading Co. Ltd.

have issued and provided Acceptance Drafts (BAD) to some suppliers, for an outstanding value (i.e. issued and not yet due) for €19,911 thousand (€19,850 thousand at 31 December 2025). Considering the commercial nature of these debts (supply of goods or services), even after the issuance of BADs, they continued to be classified into trade payables.18. TAX PAYABLES This item reflects the net amount due for the current taxes of the Group’s companies.

(euro thousand) 30.06.2026 31.12.2025

Tax payables 26,140 15,46719. CONTRACTS LIABILITIES AND OTHER

CURRENT PAYABLES

Other current payables at 30 June 2026 are given in the

table below:

(euro thousand) 30.06.2026 31.12.2025 Tax payables other than current tax 9,921 17,268 Social security payables 25,435 29,217 Payables to employees 88,469 84,943 Contract liabilities 97,864 91,615 Other payables 56,789 51,731 Total 278,478 274,774 The item “Contract liabilities” refers to grants received by customers towards development activities suspended until the conclusion of the development activity and then recognized over the useful lives of the products to which the grants refer.

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Financial Statements

STATEMENT OF INCOME

20. REVENUE FROM CONTRACTS WITH

CUSTOMERS

The item is broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Revenue from sales of brake systems 1,896,076 1,861,293 Revenue from equipment 11,884 6,702 Revenue from study and design activities 12,015 12,625 Revenue from royalties 425 349 Total 1,920,400 1,880,969 The breakdown of Group sales by geographical area of destination and by application is provided in the Directors’ Report.

21. OTHER REVENUES AND INCOME

This item is made up of:

(euro thousand) 30.06.2026 30.06.2025 Miscellaneous recharges 4,854 3,429 Gains on disposal of assets 1,559 471 Miscellaneous grants 13,394 2,934 Other revenues 2,781 5,256 Total 22,588 12,090 The item “Miscellaneous grants” mainly refers to grants for personnel training, lay offs, research and development projects and the purchase of new capital goods. Moreover, during the first half of 2026, the Group recognized €7,797 thousand for grants relating to electricity and

environment.22. COSTS FOR CAPITALIZED INTERNAL

WORKS

This item refers to the capitalization of development costs incurred during the period, amounting to €17,345 thousand (first half of 2026: €15,613 thousand).

23. COST OF RAW MATERIALS,

CONSUMABLES AND GOODS

The item is broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Purchase of raw materials, semi-

finished and finished products 744,811 754,618 Purchase of consumables 77,590 77,700 Total 822,401 832,318

24. INCOME (EXPENSE) FROM

NON -FINANCIAL INVESTMENTS

Income (expense) from non-financial investments amounted to €7,463 thousand and was attributable to the effects of valuing the investment in the BSCCB Group and the company Shandong BRGP Friction Technology Co. Ltd. using the equity method (first half of 2025: €5,256

thousand).25. OTHER OPERATING COSTS

These costs are broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Transports 52,157 48,859 Maintenance, repairs and utilities 131,819 125,185 Contracted work 84,210 77,527 Leases 24,555 23,985 Other operating costs 118,797 112,101 Total 411,538 387,657 The item “leases” includes payments related to leases with a term of 12 months or less, with an underlying asset valued at roughly $5 thousand or less, or the non-

lease component of rent agreement subject to IFRS 16 capitalization.

The item “Other operating costs” mainly includes the costs of travels, quality-related costs and insurance costs, as well as fees for legal, technical and commercial consulting.

26. PERSONNEL EXPENSES

Breakdown of personnel expenses is as follows:

(euro thousand) 30.06.2026 30.06.2025 Wages and salaries 292,782 281,430 Social security contributions 66,513 62,532 Employees' leaving entitlement and other personnel provisions 10,958 12,065 Other costs 46,927 37,033 Total 417,180 393,060The item “Other costs” refers for €27,726 thousand (€19,737 thousand in the first half of 2025) to the cost of the agency workers incurred by the Group.

The average number and the period-end number of Group employees by category were as follows:

Managers White-collars Blue-collars Total

H1 2026:

average 187 4,650 9,986 14,823

H1 2025:

average 196 4,689 9,992 14,877 Changes (9) (39) (6) (54)

Total at

30.06.2026 186 4,667 10,079 14,932

Total at

30.06.2025 196 4,678 9,959 14,833 Changes (10) (11) 120 99 The number of agency workers at 30 June 2026 was 1,674 (1,136 at 31 December 2025 and 1,226 at 30 June 2025).

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Financial Statements

27. DEPRECIATION, AMORTIZATION AND

IMPAIRMENT LOSSES

The item is broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Amortization of intangible

assets:

Development costs 11,127 11,189 Industrial patents and similar rights for original work 1,305 851 Licenses, trademarks and similar rights 424 383 Other intangible assets 12,286 11,340 Total 25,142 23,763 Depreciation of property, plant

and equipment:

Buildings 13,820 12,250 Plant and machinery 70,314 73,105 Industrial and commercial equipment 13,624 11,905 Other assets 3,902 3,828 Right of use assets 12,594 13,378 Total 114,254 114,466

Impairment losses:

Property, plant and equipment 3 54 Intangible assets 1,587 174 Total 1,590 228

TOTAL AMORTIZATION,

DEPRECIATION AND IMPAIRMENT

LOSSES 140,986 138,45728. NET FINANCIAL INCOME (EXPENSE)

This item is broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Exchange rate gains 31,329 128,030 Income from employee's entitlement indemnity and other personnel provisions 697 714 Financial income 6,787 9,415 Total financial income 38,813 138,159 Exchange rate losses (27,329) (132,604) Expense from employee's leaving entitlement and other personnel provisions (1,223) (1,099) Lease interest expense (3,442) (3,229) Financial expense (20,832) (22,716) Total financial expense (52,826) (159,648)

TOTAL FINANCIAL INCOME

(EXPENSE) (14,013) (21,489)

items “Exchange rate gains” and “Exchange rate losses” include the effects of the management of foreign exchange hedges undertaken through forward contracts.

For contracts of this type, the Company does not opt to apply hedge accounting pursuant to IFRS 9 since there is no formal designation of the hedged item and hedging instrument, in the belief that the representation of the impact of the strategy for hedging this risk on the Statement of Income and Statement of Financial Position is nonetheless assured.

Net exchange differences as at 30 June 2026, amounting to a positive €4,000 thousand (negative €4,574 thousand at 30 June 2025), relate mainly to the effect of translation into local currency of accounts receivable and payable in foreign currencies included in the financial statements of foreign subsidiaries.29. INCOME (EXPENSE) FROM FINANCIAL

INVESTMENTS

Net income from financial investments (excluding non-

financial investments described in Note 24) amounted to €452 thousand (€103 thousand in the first half of 2025) and was mainly attributable to the effects of valuing investments in associates using the equity method.

30. TAXES

This item is broken down as follows:

(euro thousand) 30.06.2026 30.06.2025 Current taxes 59,621 44,577 Deferred taxes (assets) and liabilities (19,966) (4,933) Prior years' taxes and other tax payables 3,750 870 Total 43,405 40,514 The Group’s effective tax rate was 26.8% (31 December 2025: 27.6% – 30 June 2025: 28.7%).

31. EARNINGS PER SHARE

Basic earnings per share were €0.37 at 30 June 2026 (€0.31 at 30 June 2025) and were calculated by dividing the net income or loss for the period attributable to holders of ordinary equity instruments of the Parent by the weighted average number of ordinary shares outstanding in the first half of 2026, amounting to 318,112,900 (318,870,390 in the first half of 2025). Diluted earnings per share are identical to basic earnings per share. STATEMENT OF COMPREHENSIVE INCOME The Statement of Comprehensive Income includes:

• the fair value measurement of derivatives, net of the tax effect, negative for €2,197 thousand (negative for €26,196 thousand in the first half of 2025);

• the actuarial value on defined benefit plans, net of the tax effect, positive for €122 thousand (positive for €58 thousand in the same period of the previous year);

• the change in the translation adjustment reserve positive for €31,546 thousand (negative for €104,457 thousand in the first half of 2025).

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Highlights2. Directors’

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Financial Statements

3.3 STATEMENT OF COMPLIANCE BY THE BOARD OF DIRECTORS

The Board of Directors is responsible for preparing the six-monthly financial report, including the Condensed Consolidated Financial Statements and the Directors’ report, pursuant to the Dutch Financial Supervision Act and in accordance with the applicable International Financial Reporting Standards (IFRS) for IAS34-Interim Financial Statements. Pursuant to Section 5:25d, paragraph 2 of the Dutch Financial Supervision Act, the Board of Directors declares that, to the best of its knowledge, the Condensed Consolidated Financial Statements prepared in accordance with the accounting standards applied, give a true and fair view of the assets, liabilities, financial position and profit and loss account for the period of Brembo N.V. and its subsidiaries, and of the companies included in the consolidation as a whole, and that the Directors’ Report gives a true and fair view of the information required under Section 5:25d, paragraphs 8 and 9 of the Dutch Financial Supervision Act.

Bergamo, 29 July 2026

BOARD OF DIRECTORS

Matteo Tiraboschi Daniele Schillaci Executive Chairman Chief Executive Officer Cristina Bombassei Umberto Nicodano Executive Director Non-executive Director Alessandra Cozzani Andrea Pirondini Non-Executive and Independent Director Non-Executive and Independent Director Elisabetta Magistretti Gianfelice Rocca Non-Executive and Independent Director Non-Executive and Independent Director Elizabeth M. Robinson Manuela Soffientini Non-Executive and Independent Director Non-Executive and Independent Director

Roberto Vavassori

Executive Director

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Financial Statements

3.4 INDEPENDENT AUDITORS’ REPORTS

Independent auditor’s review report To: the shareholders of Brembo N.V.

Our conclusion

We have reviewed the Condensed Consolidated Six-Monthly Financial Report included in the accompanying half year report of Brembo N.V. based in Amsterdam for the period from 1 January 2026 to 30 June 2026.

Based on our review, nothing has come to our attention that causes us to believe that the Condensed Consolidated Six-Monthly Financial Report of Brembo N.V. for the period from 1 January 2026 to 30 June 2026, is not prepared, in all material respects, in accordance with IAS 34, “Interim Financial Reporting” as adopted by the European Union .

The Condensed Consolidated Six-Monthly Financial Report comprise:

▪▪ The consolidated statement of financial position as at 30 June 2026 ▪▪ The following consolidated statements for the period from 1 January 2026 to 30 June 2026:

Profit or loss, other comprehensive income, cash flows, and changes in shareholders’ equity ▪▪ The notes comprising of a summary of the significant accounting policies and selected explanatory

information

Basis for our conclusion We conducted our review in accordance with Dutch law, including the Dutch Standard 2410, “Het beoordelen van tussentijdse financiële informatie door de accountant van de entiteit” (Review of interim financial information performed by the independent auditor of the entity). A review of interim financial information in accordance with the Dutch Standard 2410 is a limited assurance engagement. Our responsibilities under this standard a re further described in the Our responsibilities for the review of the condensed interim financial information section of our report.

We are independent of Brembo N.V. in accordance with the Verordening inzake de onafhankelijkheid van accountants bij assurance -opdrachten (ViO, Code of Ethics for Professional Accountants, a regulation with respect to independence) and other relevant independence regulations in the Netherlands.

Furthermore, we h ave complied with the Verordening gedrags - en beroepsregels accountants (VGBA, Dutch Code of Ethics).

We believe the assurance evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.

Responsibilities of management and the audit, risk and sustainability committee for the Condensed Consolidated Six-Monthly Financial Report Management is responsible for the preparation and presentation of the Condensed Consolidated Six-Monthly Financial Report in accordance with IAS 34, “Interim Financial Reporting” as adopted by the European Union.

Furthermore, management is responsible for such internal control as it determines is necessary to enable the preparation of the Condensed Consolidated Six-Monthly Financial Report that is free from material misstatement, whether due to fraud or error.

Page 2

The audit, risk and sustainability committee is responsible for overseeing the entity’s financial reporting process.

Our responsibilities for the review of the Condensed Consolidated Six-Monthly Financial Report Our responsibility is to plan and perform the review in a manner that allows us to obtain sufficient and appropriate assurance evidence for our conclusion.

The level of assurance obtained in a review engagement is substantially less than the level of assurance obtained in an audit conducted in accordance with the Dutch Standards on Auditing. Accordingly, we do not express an audit opinion.

We have exercised professional judgment and have maintained professional skepticism throughout the review, in accordance with Dutch Standard 2410. Our review included among others:

▪▪ Updating our understanding of the company and its environment, including its internal control, and the applicable financial reporting framework, in order to identify areas in the Condensed Consolidated Six Monthly Financial Report where material misstatements are likely to arise due to fraud or e rro r, designing and performing analytical and other review procedures to address those areas, and obtaining assurance evidence that is sufficient and appropriate to provide a basis for our conclusion ▪▪ Obtaining an understanding of internal control as it relates to the preparation the Condensed Consolidated Six-Monthly Financial Report ▪▪ Making inquiries of management and others within the company ▪▪ Applying analytical procedures with respect to information included in the half year condensed consolidated financial statements ▪▪ Obtaining assurance evidence that the Condensed Consolidated Six-Monthly Financial Report agrees with, or reconciles to, the entity’s underlying accounting records ▪▪ Evaluating the assurance evidence obtained ▪▪ Considering whether there have been any changes in accounting principles or in the methods of applying them and whether any new transactions have necessitated the application of a new

accounting principle

▪▪ Considering whether management has identified all events that may require adjustment to or disclosure in the Condensed Consolidated Six-Monthly Financial Report ▪▪ Considering whether the Condensed Consolidated Six-Monthly Financial Report has been prepared in accordance with the applicable financial reporting framework and represents the underlying transactions free from material misstatement

Rotterdam, 29 July 2026

EY Accountants B.V.

signed by P.W.J. (Pieter) Laan

2026 Brembo

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Highlights2. Directors’

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Financial Statements

Brembo N.V.

Registered offices: Amsterdam (NL) Business and Corporate Address: Via Stezzano 87 – 24126 Bergamo – Italy Share capital: €8,825,662.61 Bergamo Register of Companies Tax Code and VAT Code no. 00222620163