Elica S.p.A._PR_H1 2026 Results

Elica S.p.A._PR_H1 2026 Results | Phynwire

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Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com Fabriano, July 30, 2026 – The Board of Directors of Elica S.p.A. has approved the H1 2026 results, prepared in accordance with IFRS *** "The first half of 2026 confirms the strength of the strategic transformation process launched by the Group. Amid a still uncertain macroeconomic and geopolitical environment, Elica has demonstrated its ability to protect its margins and to continue, with vision and determination, upon our established growth, innovation and sustainability path. This confirms that we are on the right trajectory, and that the Group has laid the foundations to confidently face the challenges of the coming years” stated Francesco Casoli, Executive Chairman of Elica. "The H1 results reflect the Group’s ability to generate value within a still complex marketplace. Own brand double-digit growth in North America and the resilience in EMEA have partially offset the OEM segment weakness in North America, while cost discipline and manufacturing flexibility have enabled us to drive margins higher - which rose in the period despite the decline in volumes. Finally, the new Euro 120 million loan, signed at the end of June with the support of the leading banks, confirms the confidence of our financial partners and provides us with the resources to continue investing in the transformation of our cooking business and the Group’s growth” stated Luca Barboni, Chief Executive Officer of Elica. *** H1 2026 key consolidated results Revenue: Euro 223.5 million; Adjusted EBITDA1: Euro 14.5 million (6.5% margin on revenues); Adjusted EBIT2: Euro 3.2 million (1.4% margin on revenues); Adjusted Net Result3: Euro -2.2 million; Adjusted Group Net Result: Euro -3.0 million; The Minorities profit was Euro 0.7 million; Adjusted Net Financial Position4: net debt of Euro 62.7 million (excluding IFRS 16 effect for Euro -16.4 million). Elica Group H1 2026 Operating Performance Revenue H1 2026 consolidated revenue amounted to Euro 223.5 million, contracting 6.9% (-5.8% organic) on Euro 240.0 million in H1 2025, within a marketplace featuring continued weak demand and significant uncertainty. Cooking division revenue, which accounts for approximately 78% of consolidated revenue, totalled Euro 175.4 million (decreasing 5.4% on Euro 185.4 million in H1 2025). Own brand sales benefited from double-digit 1 The indicated value has been adjusted for a total of Euro 3.6 million, of which Euro 3.5 million for SG&A reorganisation and rightsizing transactions. 2 The value was adjusted considering the extraordinary effects in line with EBITDA. 3 The indicated value was adjusted for the extraordinary effects in line with EBITDA and EBIT, in addition to the tax effect. 4 The value indicated is net of the IFRS 16 effect, of the impact of the measurement at amortised cost under IFRS 9 on Bank loans and borrowings as presented in the balance sheet and of the payables for the purchase of investments, as outlined in the NFP table.

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com growth in North America, driven by direct distribution and the expansion of the product offering, in addition to a resilient performance in EMEA, also thanks to the contribution of new products. The OEM channel was meanwhile impacted by weak demand, particularly on the North American market, and the resulting destocking by major customers. The Motors division, which accounts for approximately 22% of consolidated revenue, reported revenue of Euro 48.0 million, reducing 12.1% from 54.6 million in H1 2025. This decrease primarily reflects the phase-out of certain projects in the Ovens and Ventilation segments, partially offset by the gradual phase-in of new orders and the resilient Heating segment performance. Adjusted EBITDA Euro 14.5 million (Euro 14.9 million in H1 2025), with a margin on revenues of 6.5% (6.2% in H1 2025). Despite the decline in volumes on the previous year, margins remained largely stable thanks to the cost-containment measures, operational flexibility and the initiatives introduced to align production capacity with current demand levels. Adjusted EBIT Euro 3.2 million (Euro 3.2 million in H1 2025), with a margin on revenues of 1.4% (1.3% in H1 2025). Net financial expense Euro -3.8 million (net expense of Euro -3.6 million in H1 2025). The increase is primarily attributable to the higher financial expenses incurred in the period, amid higher financial leverage than the previous year. Adjusted Net Result Euro -2.2 million, compared to Euro -1.4 million in H1 2025. Adjusted Group Net Result Euro -3.0 million, compared to Euro -2.2 million in H1 2025. The Minorities profit was approx. Euro 0.7 million. In Euro thousands H1 2026 % revenue H1 2025 % revenue Changes % Revenue 223,461 239,997 -6.9% Adjusted EBITDA 14,496 6.5% 14,865 6.2% -2.5% EBITDA 10,866 4.9% 13,536 5.6% -19.7% Adjusted EBIT 3,181 1.4% 3,178 1.3% 0.1% EBIT (449) -0.2% 1,661 0.7% -127.0% Net financial expense (3,838) -1.7% (3,557) -1.5% -9.8% Share of results from investments carried at equity (66) 0.0% 0 0.0% n/a Income taxes (703) -0.3% (649) -0.3% -8.3% Profit from continuing operations (5,056) -2.3% (2,545) -1.1% -98.7% Adjusted Net Result (2,220) -1.0% (1,392) -0.6% -59.5% Result for the period (5,056) -2.3% (2,545) -1.1% -98.7% Adjusted Group Net Result (2,951) -1.3% (2,200) -0.9% -34.1% Group Net Profit (5,787) -2.6% (3,351) -1.4% -72.7% Earnings/(loss) per share (Euro/cents) (9.88) (5.68) -74.0% Diluted earnings/(loss) per share (Euro/cents) (9.88) (5.68) -74.0%

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com Elica Group Equity and Financial Performance Analysis at June 30, 2026 Adjusted Net Financial Position The Adjusted Net Financial Position at June 30, 2026 was a debt of Euro 62.7 million, compared to Euro 52.2 million at December 31, 2025 and Euro 53.9 million at June 30, 2025. This amount excludes liabilities arising from the application of IFRS 16 of Euro 16.4 million. The change mainly reflects the investments made during the period focused on product innovation and the transformation of the Cooking business. Working capital management made a positive contribution to cash generation. The M&A transactions also contributed net positive cash flow of Euro 1.2 million. This result stems from the proceeds of Euro 2.2 million from the sale of the remaining stake in Elica PB India, partially offset by a payment of Euro 1.0 million for the final instalment of the acquisition in China. Financial leverage, calculated based on Adjusted EBITDA for the last twelve months, was 2.7x (2.1x at June 30, 2025). On June 30, 2026, Elica in addition entered into a new syndicated loan agreement consisting of two separate credit lines, for a maximum total available amount of Euro 120 million, to support the Group’s investment plan, with a particular focus on innovation, product development and the transformation of the Cooking business. The Company has not yet drawn on the two credit lines at period-end. Operating FCF Euro -2.5 million, compared to Euro 1.7 million in H1 2025. The percentage on revenue was -0.6%, compared with 0.4% in the first half of 2025, reflecting the acceleration of strategic investments to support the Group’s transformation. In Euro thousands 30/06/2026 31/12/2025 30/06/2025 Cash 33,024 59,084 43,260 Bank loans and borrowings (current) (95,660) (44,565) (18,184) Bank loans and borrowings (non-current) (68) (66,711) (79,010) Adjusted Net Financial Position (62,704) (52,192) (53,934) Lease liabilities and loans and borrowings from other lenders (current) (3,955) (4,027) (3,956) Lease liabilities and loans and borrowings from other lenders (non-current) (12,408) (12,061) (12,279) Adjusted Net Financial Position- Including the effects of IFRS 16 (79,067) (68,280) (70,169) Other payables for purchase of investments - (998) (525) Impact of amortised cost on loans (770) (534) 374 Net Financial Position (79,837) (69,812) (70,320)

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com Managerial Working Capital The percentage on annualised revenue was 0.1% in H1 2026, compared to -0.7% in H1 2025. In Euro thousands 30/06/2026 31/12/2025 30/06/2025 Trade receivables 44,554 39,353 53,435 Inventories 97,150 86,671 95,407 Trade payables (141,139) (129,198) (135,795) Managerial Working Capital 565 (3,174) 13,047 % annualised revenue 0.1% -0.7% 2.7% Other net assets/liabilities (2,142) (5,251) (6,416) Net Working Capital (1,577) (8,425) 6,631 *** On June 30, 2026, Elica S.p.A. entered into a new syndicated loan agreement consisting of two separate credit lines, for a maximum total available amount of Euro 120 million, to support the Group’s investment plan and development trajectory. The transaction was carried out with a syndicate of leading financial institutions consisting of UniCredit S.p.A., acting as Global Coordinator, Bookrunner, Agent Bank and SACE Agent, and BNL BNP Paribas S.p.A., acting as Global Coordinator and Bookrunner. Banco BPM S.p.A., Crédit Agricole Italia S.p.A. and BPER Banca, through their Corporate & Investment Banking divisions, participated in the transaction as lending banks. The agreement consists of a Euro 65 million term loan with a six-year term and maturity in 2032 and a Euro 55 million Capex facility with an eight-year term and maturity in 2034, 50% of which is backed by the SACE guarantee. These resources are earmarked to support the Group’s investments in innovation and product development, accelerating the industrial and commercial transformation of the Cooking business and supporting initiatives focused on growth, sustainability and international expansion. This transaction also supports the alignment of the maturity of the financing sources with the time horizon of the investment plan. As of June 30, 2026 , the Company has not yet drawn on the two credit lines. Following period-end, on July 7, 2026 the Term Loan was fully drawn down, and on July 8, 2026 the first disbursement from the Capex line was made. *** Significant events in the period March 10, 2026 – Transfer to Whirlpool of India Limited of the remaining 1.59% stake in the share capital of the Indian investee ELICA PB Whirlpool Kitchen Appliances Private Limited (“Elica PB India”), together with the other minority Indian shareholders who are transferring an additional 1.59% stake. Therefore, Whirlpool of India Limited holds 100% of Elica PB India. The consideration for the sale of 1.59% of the share capital of the Indian subsidiary Elica PB India amounted to INR 269,182,344 (approximately Euro 2.5 million gross at the exchange rate on the day) and

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com was settled net of withholding taxes in one lump sum (amounting to a net equivalent of approximately Euro 2.2 million). The Trademark & Technical License Agreement remains unchanged, which provides for the exclusive use of the Elica trademark in India and non-exclusively in Nepal and Bangladesh for the marketing of products in the kitchen & cooking sector, with an initial duration of fourteen years (2038) and which includes guaranteed minimum royalties that increase over time. The minimum benefit amounts to approximately Euro 23 million. March 25, 2026 - Luca Barboni, former Managing Director - Cooking BU, appointed as the new Chief Executive Officer of Elica S.p.A.. Giulio Cocci, having served as Chief Executive Officer since March 2021, and by mutual agreement with the company as part of a leadership transition, resigned from his position. April 21, 2026 – At EuroCucina 2026, Elica unveiled ID Technology - its new proprietary technology platform for induction hobs, developed in-house thanks to a research and development investment of approximately Euro 2 million - and Matrix UI, the new pixel-matrix user interface. The Group also unveiled numerous new products, including Lhov’s new White and Matt Black finishes, the new Luna smart lamp, the new modular vacuum system TheKub, the NikolaTesla Suit S extractor hobs platform, in addition to the new lines featuring the Matt Black and Raw finishes, confirming its ongoing commitment to technological innovation, expanding its product range and strengthening its position in the Cooking segment. April 29, 2026 – The Shareholders’ Meeting approved the financial statements at December 31, 2025, resolving to offset the net loss for the year by drawing on retained earnings. The Shareholders’ Meeting also approved the Remuneration Policy and Report, confirmed Luca Barboni as the Company’s Chief Executive Officer, and authorised the purchase and sale of treasury shares. May 13, 2026 – Elica announced changes to its organisational structure with the goal of making the company more streamlined and flexible, while strengthening the direct coordination of key business functions under the supervision of CEO Luca Barboni. At the same time, the Company appointed Emilio Silvi as its new Chief Financial Officer and Corporate Reporting Officer. At June 30, 2026, Elica holds a total of 4,736,431 treasury shares, representing 7.5% of its share capital. *** Business outlook In the first six months of 2026, the downward trend in the reference market continued in the Cooking segment, particularly pronounced in the Americas region, compounded by a negative price-mix and intense promotional activity, which weighed on revenue and profitability dynamics. This already complex scenario was further compounded by the decline in the Motors segment, mainly driven by the slowdown in residential demand. In Europe, this trend also reflects the elimination of incentives, tax breaks and support mechanisms for the purchase and installation of standalone boilers fuelled by natural gas or LPG. Supports for more energy-efficient solutions, such as hybrid systems and heat pumps, however remain in place. These dynamics, which affected 2025, continued into 2026 in view of the environment still shaped by significant inflation, declining consumption on the main European markets and an increasing focus on

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com sustainable and energy-efficient solutions. The market outlook remains marked by deep uncertainty, partly due to the geopolitical tensions. Against this backdrop, the Group remains committed to executing its business transformation, preserving and improving its market share and seeking to consolidate its results in terms of revenue and margins. This commitment was highlighted in H1 by the performance of the OEM segment, driven by new projects, in addition to the performance of the "own brand" segment, thanks to the extension of the product range and the strengthening of the distribution and direct expansion strategy in the United States and Canada, in which double-digit revenue growth (at constant exchange rates) was again evident on the first half of 2025. In geopolitical terms, the Elica Group continues to monitor the impacts and developments of the conflict between Russia and Ukraine, which broke out in 2022, and its development, given the repercussions on the international markets, and particularly on the financial markets, so as to assess potential risks upon Group operations. Although Elica Group business in the area involved is limited, given that the Russian market accounts for approximately 2.6% of revenue, procedures have been put in place to monitor the above risks. Likewise, market and business prospects are being monitored in light of the Middle East conflict and international trade policy measures (e.g. tariffs). Outlook: • New Cooking products and direct distribution in Europe and North America to support growth, despite a market expected to contract in both Europe and North America; • Persistent uncertainty and aggressive Asian competition in the components sector; • Solid Motors division pipeline through the development of new products for new applications; • Priority on the execution of major strategic projects and ability to adapt to the environment; • Ongoing control of raw material and energy costs and duties, with full capacity to react to any cost pressures; • Sustainability of financial profile through careful management of Net Working Capital and strict Capex control. *** Declaration pursuant to Article 154-bis, paragraph two, CFA The Executive Officer for Financial Reporting, Mr. Emilio Silvi, declares, pursuant to Article 154-bis, second paragraph, of Legislative Decree No. 58/98, that the accounting information contained in this press release corresponds to the documented results, books and accounting records. *** Elica is an Italian company that sits at the forefront of the design and production of home appliances for cooking. It boasts over 50 years of history and global leadership in kitchen extractor systems. It is the European benchmark in electric motors for home appliances and boilers. It employs around 2,500 staff between its headquarters in Fabriano and seven facilities in Italy, Poland, Mexico and China. These are the figures that tell the story of Elica, which is constantly guided by Chairperson Francesco Casoli. The company’s results are inspired by values that have always guided every one of its projects, products, and activities: design that combines aesthetics and performance for an

Elica S.p.A. Via Ermanno Casoli, 2 60044 Fabriano (AN) - Italy Tel. +39 0732 6101 Fax +39 0732 610249 Certified e-mail elicaspa@sicurezzapostale.it SDI Code - Y1NM1XC COMPANIES REGISTER NO. AND TAX CODE AN 00096570429 SHARE CAPITAL EURO 12,644,560 FULLY PAID-IN AN ISO 9001 ISO 14001 ISO 45001 CERTIFIED COMPANY elica.com extraordinary cooking experience, art as a model for creative processes and working methods, and innovation for technology that brings out the very best in product functionality. *** Definitions and reconciliations Definitions EBITDA is the operating result (EBIT) plus amortisation and depreciation and any impairment losses on Goodwill, brands and other tangible and intangible assets. EBIT is the operating result as reported in the consolidated Income Statement. Adjusted EBITDA is EBITDA net of the relative adjustment items. Adjusted EBIT is EBIT net of the relative adjustment items. Net financial income/(expense) is the sum of the Share of profit/(loss) from Group companies, Financial income, Financial Charges and Exchange rate gains and losses. The adjusted profit is the result for the period, as published in the Consolidated Income Statement, net of the relative adjustment items. The adjusted profit attributable to the owners of the Parent is the result for the period attributable to the owners of the Parent, as published in the Consolidated Income Statement, net of the relative adjustment items. Adjustment items: earnings items are considered for adjustment where they: (i) derive from non-recurring events and operations or from operations or events which do not occur frequently; (ii) derive from events and operations not considered as in the normal course of business operations, as is the case for impairments, disputes considered atypical in terms of frequency and amount and restructuring charges, of the costs for M&A’s, whether executed or not, and any rightsizing costs. The earnings per share for H1 2026 and H1 2025 was calculated by dividing the Group profit attributable to the owners of the Parent, as defined in the Consolidated Income Statement, by the number of outstanding shares at the respective reporting dates. The number of shares outstanding at period-end differs from that at December 31, 2025 and June 30, 2025 due to the launch of the treasury share buy-back plan. The earnings (loss) per share so calculated does not match the earnings (loss) per share as per the consolidated Income Statement, which is calculated as per IAS 33, based on the average weighted number of shares outstanding. Managerial Working Capital is the sum of Trade receivables with Inventories, net of Trade payables, as presented in the Consolidated Statement of Financial Position. Net Working Capital is the amount of Managerial Working Capital and Other net receivables/payables. Other net assets/liabilities comprise the current portion of Other assets and Tax Assets, net of the current portion of Provisions for risks and charges, Other payables and Tax payables, as presented in the Consolidated Statement of Financial Position. The Adjusted Net Financial Position is the sum of Cash and Cash equivalents, less Current and Non-current bank loans and borrowings at their nominal value, excluding the impact of the amortised cost as per IFRS 9 on Bank loans and borrowings, as reported in the Statement of Financial Position. The Adjusted Net Financial Position - Including IFRS 16 Impact is the sum of the Adjusted Net Financial