Half Year
Financial
Report
As of 30th June 2026
Half Year Financial Report As of 30th June 2026
Courtesy translation
This document has been translated into English from the Italian original solely for the convenience of international readers.
In case of discrepancy between the Italian language original text and the English language translation, the Italian version shall prevail.
Technoprobe S.p.A.
Registered O Ưice in Cavalieri di Vittorio Veneto n. 2 – Cernusco Lombardone Tax Code No. 02272540135 Share Capital € 6,532,608.70 Lecco R.E.A. (Economic and Administrative Index) No. 283619
Index
Half Year Financial Report as of 30th June 2026 __________________________________________ 1
DIRECTORS’ REPORT ON OPERATIONS __________________________________________________________________ 2
1. Governance and independent auditors ______________________________________________________________ 2 2. Premise ________________________________________________________________________________________ 3 3. Group organization _______________________________________________________________________________ 3 4. Macroeconomic scenario _________________________________________________________________________ 5 5. Significant management events ____________________________________________________________________ 5 6. Main alternative performance indicators (APIs) _______________________________________________________ 6 7. Group’s financial information ______________________________________________________________________ 8 8. Management of the risks to which the group is exposed _______________________________________________ 14 9. Business Outlook and Significant Events After June 30, 2026 __________________________________________ 16 10. Research and development _______________________________________________________________________ 17 11. Stock information _______________________________________________________________________________ 18 12. Other information _______________________________________________________________________________ 18 Interim condensed consolidated financial statements as of and for the six months ended June 30, 2026
____________________________________________________________________________________ 20
Interim Condensed Consolidated Statement of Financial Position ___________________________________________ 22 Interim Condensed Consolidated Income Statement_______________________________________________________ 23 Interim Condensed Consolidated Statement of Comprehensive Income ______________________________________ 23 Interim Condensed Consolidated Statement of Changes in Equity ___________________________________________ 24 Interim Condensed Consolidated Statement of Cash Flows _________________________________________________ 25 Explanatory notes to the interim condensed consolidated financial statements as of and for the six months ended June 30, 2026 _____________________________________________________________________________________________ 26 1. General Information _____________________________________________________________________________ 26 2. Summary of accounting policies and criteria used in preparing the Interim Condensed Consolidated Financial Statements __________________________________________________________________________________________ 26 3. Recently issued accounting standards _____________________________________________________________ 28 4. Seasonality or cyclicality of interim period operations ________________________________________________ 29 5. Management of financial risks _____________________________________________________________________ 29 6. Notes to the consolidated statement of financial position _____________________________________________ 32 7. Notes to the consolidated income statement________________________________________________________ 39 8. Segment information ____________________________________________________________________________ 45 9. Related party transactions ________________________________________________________________________ 46 10. Commitments, guarantees and contingent liabilities _________________________________________________ 47 11. Other information _______________________________________________________________________________ 47 12. Significant events occurring after the end of the period ________________________________________________ 47 Management’s attestation to the Interim Condensed Consolidated Financial Statements _______________________ 48 Independent Auditors’ Report___________________________________________________________________________ 49
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
1 Half Year Financial Report as of 30th June 2026
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
2
DIRECTORS’ REPORT ON OPERATIONS
1. Governance and independent auditors
BOARD OF DIRECTORS(*)
Cristiano Alessandro Crippa Chairman of the Board of Directors(1) Roberto Alessandro Crippa Vice chairman of the Board of Directors(1) Stefano Felici Chief Executive O Ưicer(1) Giulio Sirtori Independent Director(2) Susanna Pedretti Independent Director(2) Elisabetta Cugnasca Independent Director(2) Antonio Sanna Independent Director(2) Gregory Stephen Smith Non-Independent Director Carlos Ortega Arias Paz Independent Director(2) Chih-Kuang Yang Non-Independent Director(3) (*) The Board of Directors will remain in office until the Shareholders’ Meeting which will be called to approve the financial statements for the financial year ended on December 31, 2026.
(1) Executive and non-independent Director.
(2) Independent Director pursuant to art. 147, paragraph 4 of the Consolidated Law on Finance and to article 2 of the Corporate Governance Code of Borsa Italiana S.p.A.
(3) Following the resignation submitted on 15 July 2026, he will no longer serve as a non-independent Director with effect from that date.
BOARD OF STATUTORY AUDITORS(*)
Nadia Fontana Chairman of the Board of Statutory Auditors Diana Rizzo Statutory Auditor Edoardo Colombo Statutory Auditor Roberta Provasi Alternate Auditor Marco Pedretti Alternate Auditor (*) The Board of Statutory Auditors will remain in o Ưice until the Shareholders’ Meeting which will be called to approve the financial statements for the financial year ended on December 31, 2026.
CONTROL, RISK AND SUSTAINABILITY COMMITTEE
Susanna Pedretti Chairman of the Control and Risk Committee and Sustainability Giulio Sirtori Independent Director Elisabetta Cugnasca Independent Director
RELATED – PARTY COMMITTEE
Antonio Sanna Chairman of the Related Party Committee Elisabetta Cugnasca Independent Director Susanna Pedretti Independent Director
NOMINATION AND REMUNERATION COMMITTEE
Giulio Sirtori Chairman of the Nomination and Remuneration Committee Susanna Pedretti Independent Director Elisabetta Cugnasca Independent Director
OFFICER IN CHARGE FOR THE PREPARATION
OF CORPORATE FINANCIAL DOCUMENTS Stefano Beretta
INDEPENDENT AUDITORS PricewaterhouseCoopers S.p.A.1) (1) On April 6, 2023, the shareholders' meeting of Technoprobe S.p.A. appointed PricewaterhouseCoopers S.p.A. to perform the statutory audit for the financial years 2023-2031 as well as the assignment for the limited review of the condensed interim consolidated financial statements for the six months ended June 30 of the financial years 2023-2031.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
3
2. Premise
This interim Director’s Report on Operations of Technoprobe S.p.A. (hereafter the “ Company ”, the “Parent” or “Technoprobe ” and, together with its subsidiaries, the “ Group” or the “ Technoprobe Group”), is presented together with the interim condensed consolidated financial statements as of and for the six months ended June 30, 2026 (hereafter the “ Interim Condensed consolidated Financial Statements ”).
Revenue for the six months ended June 30, 2026 amounts to € 464,051 thousand, with an increase of 42.4% compared with the same period of the prior year; net profit for the six months ended June 30, 2026 amounts to €143,108 thousand, of which €141,808 thousand attributable to the owners of the Parent. Gross profit and EBITDA, as reported below, amount respectively to €249,611 thousand and €206,151 thousand. The net financial position amounts to a surplus of €685,882 thousand as of June 30, 2026.
The following table sets forth the Group’s main economic indicators for the six months ended June 30, 2026 and 2025:
(In thousands of Euro) Six months ended June 30,
2026 2025
Revenue 464,051 325,860 Gross profit 249,611 150,619
EBITDA (1) 206,151 106,362
Investments (1) 90,269 29,909 Net profit 143,108 34,408 The following table sets forth the Group’s main financial indicators for the six months ended June 30, 2026 and as of December 31, 2025:
(In thousands of Euro) As of June 30, 2026 As of December 31, 2025 Total equity 1,393,878 1,242,020 Net financial position (1) 685,882 684,217 3. Group organization The Group operates in the design and production of probe cards. Probe cards are high-tech devices tailor-made to the specific semiconductor that allow the operation of chips to be tested during their production ( i.e., while they are still on the silicon wafer, as well as in the subsequent testing stages prior to packaging- final test). These are technological projects and solutions that guarantee the operation and reliability of devices that play a central role in the computer, smartphone, 5G, Internet of Things, home automation and automotive industries, among others. Probe cards are considered “consumables”, meaning that each probe card’s life cycle is linked to a specific chip and no part of the probe card can be reused. The registered o Ưice of the Company is in Cernusco Lombardone (Lecco), Italy, where we have a production plant measuring approximately 18,000 m2. We have three other production plants in Italy: the first plant, measuring about 3,000 m2 in Agrate Brianza (Monza and
1 In the Directors’ Report on Operations, in addition to the financial measures provided for by IFRS, certain measures derived from IFRS are also presented, although not provided for by IFRS (Non-GAAP Measures). These measures are presented in order to allow a better assessment of the Group's operating performance and must not be considered as substitutes to those provided for by IFRS. For the relevant definitions, reference should be made to Section 6 of this report
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
4 Brianza), the second, measuring about 5,000 m2 in Osnago (Lecco) and the third, measuring about 1,750 m2 in Caponago (Monza and Brianza). Outside of Italy, we are present in 10 other geographies throughout Europe (Germany and France), Asia ( i.e., Taiwan, South Korea, Japan, Malaysia, the Philippines, China and Singapore) and the United States.
The following chart shows our corporate structure as of June 30, 2026:
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
5 4. Macroeconomic scenario2
International Scenario
In the first half of 2026, the international scenario continues to be a Ưected by persistent geopolitical tensions as the conflict between the United States, Israel and Iran. Nevertheless, the major Western economies continue to experience moderate growth, driven primarily by investments in artificial intelligence-related technologies, while China continues to show signs of recovery, supported by strong global trade and export activity. Inflation, although gradually falling, remains at levels still above the targets of the main central banks. In the United States, the Federal Reserve kept interest rates unchanged from the last cut, postponing any new variation until the second half of the year. In the euro area, at its June 2026 meeting, the European Central Bank raised oƯicial rates by 0.25% and emphasized will closely monitor the situation of the conflict in the Middle East to mitigate any inflationary e Ưects.
Persistent international trade tensions and tari Ư measures introduced by the United States have contributed to increasing the uncertainty of the global economic environment, influencing companies' investment decisions and the dynamics of international t rade. While the e Ưects on inflation have been mixed across sectors and geographies, continued tightening trade policies remain a risk to global economic growth. At the same time, the strengthening of the Euro against the US dollar has a Ưected the competitiveness of European exports and the prices of raw materials denominated in dollars, contributing to changing the trade balance between the main economies. In this context, elements of uncertainty remain that could continue to influence the propensity to invest and growth prospects in the short to medium term.
Italy
The Italian economy continues to grow in the last months of 2025. Housing investment continued to grow, supported by tax incentives for renovations, while household consumption slowed, reflecting concerns about the general economic situation. The same fate for employment, which is recovering, with a simultaneous reduction in the related unemployment rate. Inflation remains moderate, standing at around 2.6%, thanks to the conflict in the Middle East which has led to a marked increase in fuel prices and, albeit slightly, in energy prices. The cost of credit remained stable compared to the previous year, with a slight recovery in the demand for loans.
5. Significant management events Signing of agreements to form a strategic partnership in China On March 18, 2026, Technoprobe S.p.A., entered into an agreement with a local partner concerning an investment of USD 35 million, corresponding to a 30% stake in the new share capital of Device Interface Solutions Technology (Shanghai) Co. Ltd., a wholly owned subsidiary of Technoprobe.
This agreement forms part of the Group’s plan to strengthen its presence in China, with the additional objectives of enhancing the protection of the Technoprobe Group’s know-how and intellectual property in the Chinese market and expanding its customer base.
On 2 July 2026, Technoprobe S.p.A. obtained approval from the Italian Presidency of the Council of Ministers to proceed with the execution of the transaction described above.
The economic and financial e Ưects of the transaction will be recognized in the consolidated financial statements in the second half of the fiscal year.
Establishment of a new company in China, Device Interface Solutions Technology (Suzhou) Co. Ltd
2 Source: Banca d’Italia, Economic Bulletin Number 2/2026.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
6 On March 19, 2026, Device Interface Solutions Technology (Suzhou) Co. Ltd was incorporated in the Suzhou district, directly controlled by Device Interface Solutions Technology (Shanghai) Co. Ltd. In practice, this company will be entrusted with the production and commercialization of products within the Chinese market.
Completion of the listing process of Innostar Service Inc.
On 22 April 2026, Innostar Service Inc. completed the listing process initiated in May 2025 and was admitted to the Taiwan Stock Exchange's main board (TWSE) through a capital increase reserved for new investors resulting in a dilutive e Ưect on the carrying value of Technoprobe's investment. For further details, please refer to Note 6.3 to the Explanatory Notes to the Condensed Interim Consolidated Financial Statements.
6. Main alternative performance indicators (APIs) The European Securities and Market Authority (ESMA) has published guidelines on alternative performance indicators (hereafter also referred to as " APIs") for listed issuers. APIs refer to measures used by management and investors to analyze the Group's trends and performance, which are not directly derived from the financial statements. These measures are relevant to support management and investors in analyzing the Group's performance. Investors should not consider these APIs as substitutes, but rather as additional information to the data included in the financial statements. It should be noted that APIs as defined by the Group, may not be comparable to similarly named measures used by other companies.
APIs presented in this report are defined as follows:
- EBITDA is a non-IFRS alternative performance indicator monitored by management to evaluate underlying business performance. EBITDA used by the Group is defined as net profit adjusted for: (i) income tax expenses, (ii) foreign exchange gains (losses), (iii) finance income (iv) finance expenses (v) other income (expenses), net, (vi) net impairment losses/reversals on financial assets and (vii) depreciation, amortization and impairment included in: selling, general and administrative, research and development and cost of revenue.
- Gross Profit margin and EBITDA margin are defined as the ratio between Gross margin and EBITDA to revenue, respectively.
- Research and development expense ratio is defined as the ratio between research and development expenses to revenue.
- Net working capital is defined as the di Ưerence between current assets and current liabilities, including derivative financial instruments fair value and excluding current financial assets, cash and cash equivalents, current financial liabilities and current lease liabilities.
- Net fixed capital is defined as the di Ưerence between non -current assets and non-current liabilities, excluding non-current financial liabilities and non-current lease liabilities.
- Net invested capital is defined as the sum of Net working capital and Net fixed capital.
- Net financial position is defined as the sum of cash and cash equivalents and current financial assets, net of current and non-current financial and lease liabilities (in any case, with the exclusion of derivative financial instruments entered into to hedge exchange rate risk in relation to commercial transactions).
- Capital expenditures are defined as the sum of cash flow used for investments in property, plant and equipment (excluding right-of-use assets) and intangible assets.
- ROE is calculated as the ratio between net profit for the period to the Group's equity (including net profit for the period).
- ROI is calculated as the ratio between operating profit to total assets.
- ROS is calculated as the ratio between operating profit to revenue.
- Fixed assets coverage ratio is calculated as the ratio between Group's equity (including net profit for the period) to total non-current assets.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
7
- The ratio “Shareholders’ equity / Invested capital” is calculated as the ratio between Group's equity (including net profit for the period) to total assets.
- Indebtedness ratio is defined as the ratio between total liabilities to total assets.
- Acid test is calculated as the ratio between total current assets net of inventories to current liabilities.
- Current ratio is calculated as the ratio between current assets to current liabilities.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
8 7. Group’s financial information 7.1. Group’s results of operations The following table provides the Group's income statement figures for the six months ended June 30, 2026, and 2025:
(In thousands of Euro and percentage) Six months ended June 30, 2026 % on revenue 2025 % on revenue Revenue 464,051 100.0% 325,860 100.0% Cost of revenue (214,440) (46.2%) (175,241) (53.8%) Gross profit 249,611 53.8% 150,619 46.2%
Operating expenses
Research and development (27,251) (5.9%) (26,913) (8.3%) Selling, general and administrative (51,848) (11.2%) (49,585) (15.2%) Net impairment of financial assets (25) 0.0% (38) 0.0% Total operating expenses (79,124) (17.1%) (76,536) (23.5%) Operating profit 170,487 36.7% 74,083 22.7% Other income (expenses), net 1,097 0.2% (584) (0.2%) Share of profit (loss) of equity-
accounted investments 8,795 1.9% - -
Finance income 9,059 2.0% 9,037 2.8% Finance expenses (390) (0.1%) (609) (0.2%) Foreign exchange gains (losses) 8,962 1.9% (35,885) (11.0%) Profit before tax 198,010 42.7% 46,042 14.1% Income tax expense (54,902) (11.4%) (11,634) (3.6%) Net profit 143,108 31.3% 34,408 10.6% R&D expense ratio on revenue (5.9%)
(8.3%)
Revenue
Revenue amounts to €464,051 thousand for the six months ended June 30, 2026, with an increase of 42.4% compared to €325,860 thousand for six months ended June 30, 2025. Such increase in revenue is mainly attributable to higher volumes, primarily driven by developments in Artificial Intelligence and a slight recovery in the consumer segment.
The following table provides details of revenue by geographical area, in absolute terms and as a percentage of revenue:
(In thousands of Euro and as a percentage of revenue) Six months ended June 30,(*) 2026 % of revenue 2025 % of revenue Asia 252,812 54.5% 173,776 53.3% America 194,789 42.0% 132,984 40.8% Europe (excluding Italy) 13,646 2.9% 13,374 4.1% Italy 2,804 0.6% 5,726 1.8% Revenue 464,051 100.0% 325,860 100.0% (*) Data processed according to billing country.
In both periods under review, revenue originating outside Italy accounted for over 98% of total revenue.
In the six months ended June 30, 2026, the Group originated 54.5% of its revenue in Asia (higher compared to 53.3% of revenue originated in Asia in the six months ended June 30, 2025) and 42.0% of
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
9 revenue in America (up compared to 40.8% of revenue originated in America in the six months ended June 30, 2025).
Cost of revenue Cost of revenue amounts to €214,440 thousand for the six months ended June 30, 2026, with an increase of 22.4% compared to €175,241 thousand for the six months ended June 30, 2025. As a percentage of revenue, cost of revenue decreased from 53.8% to 46.2% due to a better operating leverage and a more favorable product mix, and also as a result of more eƯicient inventory management and production processes.
Research and development Research and development expenses amount to €27,251 thousand and €26,913 thousand for the six months ended June 30, 2026 and 2025, respectively. As a percentage of revenue, research and development expenses decreased from 8.3% for the six months ended June 30, 2025 to 5.9% for the six months ended June 30, 2026, due to the e Ưect associated with the increase in sales revenues.
Selling, general and administrative Selling, general and administrative expenses amounted to €51,848 thousand and €49,585 thousand for the six months ended June 30, 2026 and 2025, respectively. As a percentage of revenue, selling, general and administrative expenses are equal to 11.2% and 15.2% for the six months ended June 30, 2026 and 2025, recording a slight increase on an absolute basis compared to the corresponding period of the previous year, mainly attributable to the addition of new personnel and higher commissions related to increased revenues.
EBITDA end EBITDA Margin The following table presents the calculation of EBITDA and the related reconciliation with net profit:
(In thousands of Euro and as a percentage) Six months ended June 30,
2026 2025
Net profit 143,108 34,408 Income tax expense 54,902 11,634 Foreign exchange gains / losses (8,962) 35,885 Finance income (9,059) (9,037) Finance expense 390 609 Share of profit (loss) of equity-accounted investments (8,795) -
Other income (expenses), net (1,097) 584 Depreciation, amortization and impairment (*) 35,639 32,241 Net impairment losses/reversals on financial assets 25 38
EBITDA 206,151 106,362
EBITDA Margin 44.4% 32.6% (*) The Group prepares the income statement by destination; therefore depreciation, amortization and impairment do not represent a separate income statement line-item on our consolidated income statement. Depreciation and amortization, as presented in the table above, were determined as the sum of depreciation and amortization included in: (i) Cost of revenue, (ii) Research and development and (iii) Selling, general and administrative .
EBITDA amounted to €206,151 thousand, for the six months ended June 30, 2026, up 93.8% compared to €106,362 thousand for the six months ended June 30, 2025. As a percentage of revenue (EBITDA Margin), EBITDA increased from 32.6% for the six months ended June 30, 2025 to 44.4% for the six months ended June 30, 2026. The increase in profitability benefited from the previously mentioned eƯects and stable overhead and R&D costs.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
10
Finance income
Finance income amounted to €9,059 thousand and €9,037 thousand for the six months ended June 30, 2026 and 2025, respectively. The value was substantially in line with the corresponding period of the previous year.
Foreign exchange gains / losses Foreign exchange gains amounted to a gain of €8,962 thousand (including unrealized losses of €9,330 thousand) and losses amounting to €35,885 (including unrealized of €30,737 thousand,) for the six months ended June 30, 2026 and 2025 respectively, primarily due to the weakening of the U.S. dollar against the Euro compared with the exchange rate at the previous 31 December closing date for the respective reporting periods.
Income tax expense Income tax expense amounted to €54,902 thousand and €11,634 thousand for the six months ended June 30, 2026 and 2025, respectively.
Net profit
As a result of the above, net profit amounted to €143,108 thousand and €34,408 thousand for the six months ended June 30, 2026 and 2025, respectively.
7.2. Group’s financial position The following table provides a reclassification of the statement of financial position for a better understanding of the Group's financial position:
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
Applications
Net fixed capital (*) 502,546 412,671 Net working capital (*) 205,450 145,132 Net invested capital (*) 707,996 557,803
Total applications 707,996 557,803
Sources
Shareholders’ equity 1,393,878 1,242,020 Net financial position (surplus) (*) (685,882) (684,217) Total funding sources (*) 707,996 557,803 (*) The item is not considered to be accounting measures under IFRS and, therefore, should not be considered as an alternative measure to those provided by the Group’s Financial Statements for the assessment of the Group’s economic performance.
Net fixed capital The following table provides a breakdown of net fixed assets:
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
Property, plant and equipment 385,507 307,955 Intangible assets 59,702 61,435 Goodwill 42,790 42,500 Equity-accounted investments 15,323 6,794
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
11 Deferred tax assets 32,199 24,464 Non-current financial assets 1,307 1,357 Other non-current assets 855 762 Deferred tax liabilities (13,578) (11,878) Employee benefits obligations (394) (407) Provisions for risks and charges (21,157) (20,144) Other non-current liabilities (8) (167) Net fixed capital 502,546 412,671 Net fixed capital increased by €89,875 thousand, or 21.8%, from €412,671 thousand as of December 31, 2025 to €502,546 thousand as of June 30, 2026. The increase was mainly attributable to the increase in property, plant and equipment from €307,955 thousand as of December 31, 2025 to €385,507 thousand as of June 30, 2026, due to more investment, as well as by the valuation of the investment in Innostar Service Inc., which increased as a result of the gain related to the dilutive e Ưect arising from the capital increase subscribed by Innostar Service Inc. upon its listing on the Taiwan Stock Exchange (TWSE) main board. Deferred tax assets and deferred tax liabilities also increased during the period, mainly as a result of temporary di Ưerences recognized in the first half of the year.
Net working capital The following table provides a breakdown of net working capital:
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
Inventories 145,973 125,295 Trade receivables 236,960 119,923 Current tax receivables - 7,744 Other current assets 33,624 22,371 Trade payables (92,680) (66,824) Current tax payables (49,111) (7,876) Other current liabilities (61,949) (55,712) Derivative financial instruments (7,367) 211 Net working capital 205,450 145,132 (*) This amount includes the net balance between the positive and negative fair value of derivative financial instruments, recognized under current financial assets and current financial liabilities, respectively.
Net working capital increased by €60,318 thousand, or 41.6%, from €145,132 thousand as of December 31, 2025 to €205,450 thousand as of June 30, 2026. Such increase was mainly attributable to the increase in trade receivables a nd inventories, partially o Ưset by the increase in trade payables and current income tax liabilities. This increase is principally attributable to higher sales volumes achieved during the period.
For further information on changes in net working capital, refer to section “7.3 – Group’s Cash Flows”.
Shareholders’ equity
Shareholders’ equity increased from €1,242.020 thousand as of December 31, 2025 to €1,393,878 thousand as of June 30, 2026, mainly due to the recognition of the result achieved by the Group in the six months ended June 30, 2026 amounting to €143,108 thousand.
Main indicators of financial position Based on the consolidated statement of financial position and consolidated income statement, the following financial statement indicators are calculated:
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
12 Financial indicators Twelve months ended June 30, 2026 Year ended December 31, 2025 R.O.E. (Return On Equity)(*) 14.9% 8.0% R.O.I. (Return On Investment)(*) 14.0% 9.6% R.O.S. (Return On Sales)(*) 30.4% 21.7% (*) The item is not considered to be accounting measures under EU IFRS and, therefore, should not be considered as an alternative measure to those provided by the Group’s Financial Statements for the assessment of the Group’s economic performance.
The indicators shown in the above table were determined using the income statement figures relating to the twelve-month periods ended June 30, 2026 and December 31, 2025, respectively.
ROE, calculated as ratio between net profit to total equity (including net profit for the period), represents the profitability and remuneration of the Group’s equity.
ROI, calculated as ratio between operating profit and total assets, represents the core business profitability of invested capital, excluding the e Ưects of financial management and the tax charge.
ROS, calculated as ratio between operating profit and revenue, is used to analyze the Group's operations and shows the impact of the various production factors on revenue.
Financial position indicators As of June 30, 2026 As of December 31,
2025
Fixed assets coverage ratio(*) 2.59 2.79 Shareholders' equity / Invested capital(*) 0.84 0.87 Indebtedness ratio(*) 0.16 0.13 (*) The item is not considered to be accounting measures under EU IFRS and, therefore, should not be considered as an alternative measure to those provided by the Group’s Financial Statements for the assessment of the Group’s economic performance.
Fixed asset coverage ratio, which represents the ratio between shareholders' equity (including net profit for the year) and total fixed assets, shows that non-current assets are fully funded by shareholders' equity, thus demonstrating the existence of a solid structural balance.
Shareholders' equity to invested capital ratio is the ratio of shareholders' equity to total assets and highlights the weight of capital contributed by shareholders in relation to the sources used to fund the statement of financial position assets.
Indebtedness ratio between capital raised from third parties and total assets expresses the percentage of debt which, for various reasons, the Group has contracted in order to raise the funds necessary to satisfy the items presented in total assets in the statement of financial position.
Liquidity test As of June 30, 2026 As of December 31,
2025
Acid test (*) 4.56 6.30 Current ratio (*) 5.24 7.23 (*) The item is not considered to be accounting measures under EU IFRS and, therefore, should not be considered as an alternative measure to those provided by the Group’s Financial Statements for the assessment of the Group’s economic performance.
Acid test is the ratio of current assets net of inventories to current liabilities and expresses the company's ability to carry out its operations under conditions of adequate liquidity.
Current ratio is the ratio between current assets and current liabilities and represents the company's ability to meet future outflows deriving from the settlement of current liabilities with cash and cash equivalents and with future inflows deriving from the collection of current assets.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
13 Net financial position Group’s net financial position prepared in accordance with the ESMA 32-382-1138 Guideline of March 4, 2021, is presented below:
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
A. Cash 705,318 688,202 B. Cash and cash equivalents - -
C. Other current financial asset 3,422 10,619 D. Liquidity (A+B+C) 708,740 698,821 E. Current financial debt - -
F. Current portion of non-current financial debt (*) (3,628) (4,283) G. Current financial indebtedness (E+F) (3,628) (4,283)
- of which guaranteed - -
- of which not guaranteed (3,628) (4,283) H. Net current financial indebtedness 705,112 694,538 I. Non-current financial debt (*) (19,230) (10,321) J. Debt instruments - -
K. Non-current trade and other payables - -
L. Non-current financial indebtedness (I+J+K) (19,230) (10,321)
- of which guaranteed - -
- of which not guaranteed (19,230) (10,321) M. Net financial position (surplus) (*) (H+L) 685,882 684,217 (*) As of June 30, 2026 €22.858 thousand refer to the financial liability relating to IFRS 16 (€14.604thousand as of December 31, 2025), of which €3.628 thousand current (€4.283thousand as of December 31, 2025) and €19,230 thousand non-current current (€10,321 thousand as of December 31, 2025).
Net financial position increased by €1,665 thousand, from €684,217 thousand as of December 31, 2025, to €685,882 thousand as of June 30, 2026. For further information, refer to paragraph 7.3 -
"Group’s Cash Flows".
7.3. Group’s cash flows The following tables provides cash flow details for the six months ended June 30, 2026 and 2025:
(In thousands of Euro) Six months ended June 30,
2026 2025
Net cash flow generated by (used in) operating activities 83,726 65,687 Net cash flow used in investing activities (75,676) (21,106) Net cash flow generated by (used in) financing activities (3,875) (24,858) Exchange di Ưerences from translation of cash and cash equivalents 12,941 (29,271) Total cash flow generated (used) during the period 17,116 (9,548) Cash and cash equivalents at the beginning of the period 688,202 666,377 Cash and cash equivalents at the end of the period 705,318 656,829 Cash flow from operating activities Net cash flow generated by operating activities amounted to €83,726 thousand for the six months ended June 30, 2026 . Such cash flow was generated by the combined e Ưect of the following:
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
14 cash generated from operating activities before changes in net working capital, amounting to €235,694 thousand, in line with the EBITDA, taking into account exchange rate management and non-cash accruals for the period;
cash absorbed by net working capital mainly due to the increase in trade receivables and to the decrease in trade payables compared to December 31, 2025 and taxes paid in the six months ended June 30, 2026.
Net cash flow generated by operating activities amounted to €65,687 thousand for the six months ended June 30, 2025 . Such cash flow was generated by the combined e Ưect the following:
cash generated from operating activities before changes in net working capital, amounting to €110,019 thousand, in line with the EBITDA, taking into account exchange rate management and non-cash accruals for the period;
cash absorbed by net working capital mainly due to the increase in trade receivables and to the decrease in trade payables compared to December 31, 2024 and taxes paid in the six months ended June 30, 2025.
Cash flow from investing activities Net cash flow used in investing activities amounting to €75,676 thousand for the six months ended June 30, 2026 was mainly attributable to:
investments in tangible assets (excluding rights of use) amounting to €87,294 thousand, mainly related to plant and machinery and tangible assets in progress and advances and intangible assets amounting to Euro 2,975 thousand, mainly consisting of software and rights;
financial income received, amounting to €6,196 thousand, from the return on cash management and the disposal of financial assets for €7,994 thousand.
Net cash flow used in investing activities amounting to €21,106 thousand for the six months ended June 30, 2025 was mainly attributable to:
investments in tangible assets (excluding rights of use) amounting to €28,591 thousand, mainly related to plant and machinery and tangible assets in progress and advances;
cash flow for acquisition of Innostar Service Inc. minority stake amounting to €6,612 thousand;
financial income received, amounting to €11,969 thousand, from the return on cash
management
Cash flow from financing activities Net cash flow absorbed by financing activities in the six months ended June 30, 2026 amounting to €3.875 thousand was mainly attributable to the cash outflow related to the repayment of lease liabilities.
Net cash flow generated by financing activities in the six months ended June 30, 2025 amounting to €24,858 thousand was mainly attributable to the cash outflow related to the acquisition of minority interests in Yee Wei Inc. and the repayment of lease liabilities.
8. Management of the risks to which the group is exposed Operational and technological risks Risk factors are primarily linked to fierce competition. The trend of recent years towards market consolidation is confirmed, with smaller companies struggling due to their inability to raise the necessary financial resources to keep up with technological development and renewal. The e Ưects on the semiconductor market could be negative if, as a result of duties or import blocks, there is a slowdown in global demand for electronic devices.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
15 However, the partnership established with the leading manufacturers in the market allows the Technoprobe Group to have a privileged perspective of the technological trends, thus allowing it to correctly address the investments in R&D.
The rapid technological development within the sector requires an adjustment of production capacity and of the solutions o Ưered to meet customer needs. Any delays in aligning with such developments, as well as potential claims by third parties relating to intellectual and/or industrial property rights, could adversely aƯect competitiveness and growth prospects.
Financial risks
The main financial risks identified, monitored and, to the extent specified below, actively managed by the Group, are as follows:
- market risk, deriving from fluctuations in exchange rates between the Euro and the other currencies in which the Group operates, especially the US Dollar;
- credit risk, deriving from the possibility of counterparty default;
- liquidity risk, deriving from a lack of financial resources to meet financial commitments.
The Group's aim is to maintain balanced management of its financial exposure over time, ensuring that its liabilities are in balance with the composition of its assets and providing the necessary operational flexibility through the use of the liquidity generated by current operations and bank loans.
The ability to generate liquidity from the core business, together with the indebtedness capacity, allows the Group to adequately satisfy its operating needs, financing operating working capital and investments, as well as compliance with its financial obligations.
The Group's financial policy and the management of related financial risks are centrally directed and monitored. Moreover, credit risk is at present considered negligible for the Group, given the size and creditworthiness of its main customers. Further details are provided in Note 5 of the notes to the Consolidated Financial Statements.
Risks arising from the evolving geopolitical environment The macroeconomic and geopolitical environment continues to be characterized by a high degree of uncertainty, driven by the persistence of international conflicts, tensions among major economic blocs, and the adoption of protectionist measures, sanctions, and export control restrictions that may a Ưect trade flows and access to strategic technologies.
In recent months, the situation in the Middle East has deteriorated, with reciprocal attacks between the United States and Iran, restrictions on tra Ưic through the Strait of Hormuz, and a suspension of military operations at the end of July, which does not rule out the possibility of further escalation. Added to this are the latest threats and disruptions a Ưecting transit through the Red Sea, with the potential for route diversions, increased logistics costs, delivery delays, and volatility in energy prices. The relative stability observed in foreign exchange markets may not, however, fully reflect these risks.
Uncertainty related to the ongoing conflict between Russia and Ukraine also remains high, as evidenced by the intensification of attacks and the strengthening of European sanctions.
At the same time, technological competition is fostering economic security policies and the reshoring of supply chains. In this context, the European Commission has recently presented the first draft of the Chips Act 2.0, aimed at reducing external dependencies and strengthening the resilience of the semiconductor value chain.
These developments could a Ưect the availability and pricing of energy, raw materials, components, and logistics services, as well as introduce additional regulatory constraints. Given the Group’s position within the semiconductor value chain, this environment could influence customers’ investment decisions and development programs, with potential e Ưects on project timelines and growth prospects.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
16 As of the reporting date, however, no evidence has emerged to suggest that these risks have materialized to a significant extent. Revenues continue to reflect sustained demand and adequate geographic diversification. The supply chain has not experienced any significant issues regarding the availability of materials and services or the sourcing of suppliers, which remain diversified by geography and specialization.
Management therefore continues to closely monitor developments in the external environment, assessing their potential impact on demand, supply chain continuity, logistics and energy costs, compliance with trade regulations, and, more generally, on the Group’s future business performance and outlook.
Climate risk
In consideration of its business model, the Group does not believe to be significantly exposed to environmental risks and, in particular, to risks related to the Climate Change.
9. Business Outlook and Significant Events After June 30, 2026 The outlook currently points to an exceptionally strong, albeit highly polarized, global semiconductor cycle, driven primarily by the acceleration of memory and advanced logic markets, while analog, discrete, sensor, and optoelectronic devices continue to grow at a more moderate pace. As a result, aggregate market growth does not translate into a uniform recovery across all segments: demand remains concentrated in the most advanced nodes and high-value-added applications, while risks related to geopolitical tensions, export controls, tari Ư policies, and the regionalization of supply chains persist.
The testing industry continues to benefit from a particularly favorable environment, with increasing volumes accompanied by higher testing intensity per wafer. Denser interconnects, tighter pitches, multi-die HBM architectures, and heterogeneous packaging make the discovery of defects after assembly increasingly costly. Consequently, the economic value of wafer-level testing and advanced probe cards is growing faster than wafer volumes, supporting investments in production capacity, research and development, customer qualifications with memory manufacturers, and new solutions for photonics and co-packaged optics.
Artificial Intelligence and data centers remain the primary growth drivers of the industry. All major industry players have further strengthened their 2026 outlook, indicating volume growth and investment levels exceeding expectations at the beginning of the year. Demand is no longer limited to accelerators alone: agentic AI is also driving demand for server CPUs, networking equipment, power management solutions, sensors, and optical technologies, while the widespread adoption of HBM, chiplet architectures, and 2-nanometer process nodes is increasing device complexity. The key challenge for the 2026-2027 period will therefore be the ability of the ecosystem to expand manufacturing capacity, advanced packaging, memory production, and energy infrastructure without creating bottlenecks.
The Consumer market , on the other hand, is exhibiting a weaker profile than anticipated at the beginning of the year, mainly due to memory shortages and inflationary pricing, which are constraining volumes and favoring premium products. The integration of on-device AI remains a structural driver of semiconductor content and technology refresh cycles; however, in the short term, it does not fully o Ưset higher prices and softer demand in entry-level segments.
In the Automotive sector , inventory correction appears to be at an advanced stage, and second-
quarter data indicate a sequential recovery, albeit uneven and still below the most optimistic expectations. Weakness in certain electric vehicle applications coexists with positive long-term trends in ADAS, radar, infotainment systems, zonal architectures, microcontrollers, and power semiconductors. Visibility remains influenced by global vehicle production trends, pricing pressure from OEMs, competition from Chinese manufacturers, and t ariƯ-related uncertainty.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
17 The Industrial segment is showing more convincing signs of normalization, particularly in electrical infrastructure, industrial automation, HVAC systems, communications, and energy management. The recovery in orders and bookings reported by leading analog and power semiconductor manufacturers suggests that the cyclical trough has been passed; nevertheless, the recovery remains selective across geographic markets and applications, with capacity utilization and inventory levels still requiring rebalancing in certain mature-node product lines.
Over the next two years , leading companies will therefore need to balance growth with discipline :
accelerating investments in R&D and capacity expansion in genuinely constrained technologies, maintaining operational flexibility, strengthening supply chain integration and resilience, and securing access to talent, energy, water resources, and ESG-related requirements. While reshoring initiatives and public incentives are expected to reduce certain dependencies, they may also lead to duplication of investments and excess capacity in less advanced technology nodes. For testing service providers, the overall outlook remains positive: the growing complexity of logic, memory, and packaging technologies continues to structurally increase test content per unit produced, while requiring careful management of investment decisions and concentration risks related to AI-driven demand.
10. Research and development During the first half of 2026, research and development continued to represent a cornerstone of the Technoprobe Group’s strategy, supporting the evolution of its product o Ưering, process e Ưiciency, and the strengthening of its position along the semiconductor testing value chain. Investments continued in components dedicated to thermal management, whose importance is increasing for high-power devices, heterogeneous architectures, high-performance memories, and advanced packaging systems.
Research and development activities remain strongly market-driven and focused on customers’ specific requirements. Continuous engagement with leading industry players enables the Group to understand the technological requirements of individual projects, translate them into innovative and reliable solutions, and anticipate the trends that will shape future generations of semiconductors. In this industry, the ability to rapidly transform innovation into commercial products represents a significant competitive advantage. Major industry participants allocate substantial portions of their revenues and human resources to research and development, with the objective of making devices smaller, faster, more e Ưicient, reliable, secure, and competitive in terms of bot h cost and time-to-
market.
Within this context, Technoprobe operates through multidisciplinary teams dedicated to the development of probe cards and their key components, innovation in manufacturing and assembly processes, the design of proprietary robotic systems and equipment, and the application of artificial intelligence to production processes. The objective is to enhance precision, repeatability, quality, and productivity while reducing design, industrialization, and time-to-market cycles. The use of automation, data analytics, predictive models, and digital platforms also supports process control and accelerates the transfer of solutions from research laboratories to production lines.
The Group’s strategy is embedded within a technological ecosystem characterized by increasing integration across design, front-end manufacturing, back-end processes, packaging, and testing.
Leading industry players leverage diversified technology portfolios, comprehensive design platforms, intellectual property assets, silicon-proven models, and collaborations with foundries, OSAT providers, universities, and research institutions. This approach promotes knowledge sharing across di Ưerent product areas and supports the development of advanced, highly integrated technology applications.
During 2026, the reorganization and expansion of the Italian and Taiwanese facilities contributed to the strengthening of a more integrated, resilient industrial platform located closer to customers’ key manufacturing ecosystems. Within this framework, development activities continued on the FusionLink, Athena, High Power and Thermal Management, HBM Vertical, and Silicon Photonics
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
18 programs, aimed at increasing the technological content of the Group’s solutions and addressing the growing complexity of semiconductor devices under test. These programs reflect the key innovation trends reshaping the industry, including greater testing parallelism and speed, high-frequency signal management, more accurate thermal control, tighter integration between logic and memory components, and the adoption of new optical interfaces. Through targeted investments, collaboration with customers, suppliers, and scientific institutions, and the in-house development of critical competencies, Technoprobe aims to strengthen its innovation capabilities, protect its technological assets, and support sustainable long-term growth. Close proximity to customers and international cooperation further accelerate technology validation while reducing development time, costs, and risks.
11. Stock information On December 19, 2025, the new share buyback program, which began on July 10, 2025, started with Technoprobe S.p.A. purchasing 7,199,071 treasury shares. The total purchase amounted to €60 million.
Currently, Technoprobe S.p.A. holds a total of 12,941,522 treasury shares, representing 1.981% of the share capital. As of June 30, 2026, there have been no changes compared to what was reported as of December 31, 2025. It should be noted that during the six-month period, the Company did not hold, either directly or through fiduciary companies or nominees, any shares or interests in its parent companies, nor has it held such interests at any time.
12. Other information
Personnel
The Company has identified the significant impacts, risks, and opportunities related to personnel.
During the six-month period there were no deaths at work or serious accidents involving serious or very serious injuries to sta Ư. Also, during the six -month period there were no charges relating to occupational illnesses a Ưecting employees or former employees, or cases of mobbing for which the company has been declared liable.
Environment
The Company constantly monitors, based on an internal plan, the quality of air emissions and discharges produced at each of its production sites in Italy. All values have always been found to comply with the requirements of current permits.
The management of environmental aspects is ensured by an audit plan, using both internal resources and specialized external consultants, aimed at identifying intervention actions and possible opportunities for improvement.
Derogation from the publication of information documents It should be noted that Technoprobe has adhered, pursuant to articles 70, paragraph 8 and 71, paragraph 1-bis, of Consob Regulation no. 11971/1999 (" Issuers' Regulation "), to the opt-out regime provided for by the aforementioned articles, making use of the right to derogate from the obligations of publication of the information documents provided for in Annex 3B of the Issuers' Regulation in case of:
(i) significant mergers, demergers or capital increases through the contribution of assets in kind, and (ii) significant acquisition or disposal transactions.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
19 Secondary o Ưices and local units The Company's branch o Ưices are listed below:
Type of location Address Plant Via Milano 10 - 23875 Osnago (LC) OƯice Zona industriale VIII strada 29 - 95121 Catania (CT) Plant Via Guglielmo Marconi 8 - 20864 Agrate Brianza (MB) OƯice Via Lecco 61 – 20871 Vimercate (MB) Plant Via delle Meccaniche 4 – 20867 Caponago (MB) Management and coordination activities At the date of this report, the Company is not subject to management and coordination activities by T-
Plus S.p.A., pursuant to art. 2497 et seq. of the Italian Civil Code. The Company believes, in fact, that none of the activities typically entailing management and coordination pursuant to Article 2497 et seq.
of the Italian Civil Code exist.
Privacy
The Privacy Document, "Privacy Document - Data Protection Impact Assessment 2019" updated on June 22, 2025 has been prepared pursuant to GDPR 2016/679, Legislative Decree 196/2003 and Legislative Decree 101/2018 taking into account the provisions of the "Italian Data Protection Authority".
Quality management system The quality certification has been conferred by IMQ S.p.A. based in Milan, via Quintiliano 43, in relation to all our products.
***
Thanking you for the trust you have placed in us, we remain at your complete disposal to integrate this information with any further information you may require.
Cernusco Lombardone, August 5, 2026
On behalf of the Board of Directors
The Chairman
Crippa Cristiano Alessandro
20 Interim condensed consolidated financial
statements
as of and for the six months ended June 30, 2026
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
21
Interim condensed consolidated
financial statements
as of and for the six months ended June 30, 2026
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
22 Interim Condensed Consolidated Statement of Financial
Position
(In thousands of Euro) Note Al 30 giugno Al 31 dicembre
2026 2025
ASSETS
Non-current assets
Property, plant and equipment 6.1 385,507 307,955 Intangible assets 6.2 59,702 61,435 Goodwill 6.2 42,790 42,500 Equity-accounted investments 6.3 15,323 6,794 -
Deferred tax assets 32,199 24,464 Non-current financial assets 1,307 1,357 Other non -current assets 855 762 Total non -current assets 537,683 445,267
Current assets
Inventories 6.4 145,973 125,295 Trade receivables 6.5 236,960 119,923 Current financial assets 3,422 10,830 Current tax receivables - 7,744 Other current assets 6.6 33,624 22,371 Cash and cash equivalents 6.7 705,318 688,202 Total current assets 1,125,297 974,365 Total Assets 1,662,980 1,419,632
EQUITY AND LIABILITIES
Equity 6.8
Share capital
6,533 6,533
Reserves
1,240,719 1,133,145
Net profit attributable to the owners of the
Parent
141,808 97,662
Equity attributable to the owners of the Parent 1,389,060 1,237,340 Equity attributable to non -controlling
interests
4,818 4,680
Total Equity 1,393,878 1,242,020
Non-current liabilities
Non-current lease liabilities
19,230 10,321
Deferred tax liabilities
13,578 11,878
Employee benefits obbligations 394 407 Provision for risks and charges 6.9 21,157 20,144 Other non -current liabilities
8 167
Total non -current liabilities 54,367 42,917
Current liabilities
Trade payables 92,680
66,824
Current financial liabilities 7,367 -
Current lease liabilities 3,628 4,283 Current tax payables 6.10 49,111 7,876 Other current liabilities 6.11 61,949 55,712 Total current liabilities 214,735 134,695 Total liabilities 269,102 177,612 Total equity and liabilities 1,662,980 1,419,632
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
23 Interim Condensed Consolidated Income Statement (In thousands of Euro) Notes Six months ended June 30,
2026 2025
Revenue 7.1 464,051 325,860 Cost of revenue 7.2 (214,440) (175,241) Gross profit 249,611 150,619
Operating expenses
Research and development 7.3 (27,251) (26,913) Selling, general and administrative 7.4 (51,848) (49,585) Net impairment losses/reversals on financial assets (25) (38) Total operating expenses (79,124) (76,536) Operating profit 170,487 74,083 Other income (expenses), net 1,097 (584) Share of profit (loss) of equity-accounted investments 6.3 8,795 -
Finance income 7.5 9,059 9,037 Finance expenses (390) (609) Foreign exchange gains (losses) 7.6 8,962 (35,885) Profit before tax 198,010 46,042 Income tax expense 7.7 (54,902) (11,634) Net profit 143,108 34,408
Of which:
attributable to the owners of the Parent 141,808 33,195 attributable to non-controlling interests 1,300 1,213 Basic and diluted net profit per share (in Euro) 7.8 0.22 0.05 Interim Condensed Consolidated Statement of
Comprehensive Income
(In thousands of Euro) Notes Six months ended June 30,
2026 2025
Net profit
143,108 34,408
Other comprehensive income that may be reclassified to profit or loss in subsequent periods:
Exchange di Ưerences from translation of foreign financial statements 6.9 6,127 (14,316) Total other comprehensive income that may be reclassified to profit or loss in subsequent periods, net of tax
6,127 (14,316)
Total comprehensive income
149,235 20,092
Of which:
attributable to the owners of the Parent
147,798 19,423
attributable to non-controlling interests
1,437 669
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
24 Interim Condensed Consolidated Statement of Changes in Equity (In thousands of Euro) Notes Share capital Reserves Net profit
attributable to
the owners of the Parent Equity
attributable to
the owners of the Parent Equity
attributable to
non-
controlling
interests Total equity
Legal
reserve Share
premium
reserve Treasury
shares
reserve Other
reserves Translation
reserve Retained
earnings
As of January 1, 202 6 6.8 6,533 1,307 523,338 (100,801 ) 9,552 (6,865) 706,615 97,662 1,237,340 4,680 1,242,020
Net profit
- - - - - - - 141,808 141,808 1,300 143,108
Total other
comprehensive income
- - - - - 5,990 - - 5,990 137 6,127
Total comprehensive
income
- - - - - 5,990 - 141,808 147,798 1,437 149,235 Allocation of prior year
profit
- - - - - 97,662 (97,662) - - -
Other movements
- - - - 3,922 - - - 3,922 - 3,922 Dividend distribution - - - - - - - - - (1,300) (1,300) As of June 30, 202 6 6.8 6,533 1,307 523,338 (100,801) 13,474 (875) 804,277 141,808 1,389,060 4,818 1,393,878
(In thousands of Euro) Notes Share capital Reserves Net profit
attributable to
the owners of the Parent Equity
attributable to
the owners of the Parent Equity
attributable to
non-
controlling
interests Total equity
Legal
reserve Share
premium
reserve Treasury
shares
reserve Other
reserves Translation
reserve Retained
earnings
As of January 1, 2025 6.8 6,533 1,202 523,338 (46,416) 32,183 9,566 647,315 63,832 1,237,553 (376) 1,237,177
Net profit
- - - - - - - 33,195 33,195 1,213 34,408
Total other
comprehensive income - - - - - (13,772) - - (13,772) (544) (14,316)
Total comprehensive
income - - - - - (13,772) - 33,195 19,423 669 20,092 Allocation of prior year profit - 105 - - - - 63,727 (63,832) - - -
Other movements - - - - 825 - - - 825 - 825
Non-controlling interests
on acquisition of subsidiary - - - 5,615 (26,035) - (4,443) - (24,863) 4,443 (20,420) As of June 30, 2025 6.8 6,533 1,307 523,338 (40,801) 6,973 (4,206) 706,599 33,195 1,232,938 4,736 1,237,674
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
25 Interim Condensed Consolidated Statement of Cash Flows (In thousands of Euro) Notes Six months ended June 30,
2026 2025
Profit before tax 198,010 46,042
Adjustments for:
Amortization, depreciation and impairment 7.2 7.3 35,639 32,240 Gains (losses) on disposals 7.4 (52) 1,685 Net Finance (income) expenses 7.5 (8,669) (8,428) Provisions to funds 24,958 7,301 Share of profit (loss) of equity-accounted investments 6.3 (8,795) -
Other non-cash adjustments 7.6 (5,397) 31,179 Cash flow generated by operating activities before changes in net working capital 235,694 110,019 Change in inventories 6.4 (48,157) 3,086 Change in trade receivables 6.5 (111,987) (36,084) Change in trade payables 26,219 (3,427) Changes in other assets/liabilities 6.6 6.11 (7,222) (2,569) Uses of provisions for risks and charges and employee benefits obligations (2,359) (2,176) Income taxes paid 7.7 (8,462) (3,162) Net cash flow generated by (used in) operating activities 83,726 65,687 Purchase of property, plant and equipment (excluding right of use assets) 6.1 (87,294) (28,591) Purchase of intangible assets 6.2 (2,975) (1,318) Disposal of property, plant and equipment 6.1 (23) 2,011 Net divestitures/(investments) in financial assets 7,994 (5,177) Finance income received 7.5 6,196 11,969 Dividends received from equity-accounted investments 6.3 426 -
Net cash flow used in investing activities (75,676) (21,106) Proceeds from borrowings - 12 Financial liabilities reimbursement - (582) Repayment of lease liabilities (3,485) (3,258) Finance expenses paid (390) (610) Capital increase - -
Acquisition of minorities 6.8 - (20,420) Dividends paid - -
Net cash flow generated by (used in) financing activities (3,875) (24,858) Total cash flow generated (used) during the period 4,175 19,723
Cash and cash equivalents at the beginning of the period 6.7 688,202 666,377 Total changes in cash and cash equivalents 4,175 19,723 Exchange di Ưerences from translation of cash and cash equivalents 12,941 (29,271) Cash and cash equivalents at the end of the period 6.7 705,318 656,829
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
26 Explanatory notes to the interim condensed consolidated financial statements as of and for the six months ended June 30,
2026
1. General Information Technoprobe S.p.A. (hereafter “ Technoprobe ”, the “Company ” or the “ Parent” and, together with its subsidiaries, the “ Technoprobe Group ” or the “ Group”) is a company incorporated and domiciled in Italy, with its registered o Ưice in Cernusco Lombardone (LC), Via Cavalieri di Vittorio Veneto, 2, organized under Italian law. The Company’s shares are listed on Euronext Milan.
Technoprobe is controlled by T-PLUS S.p.A. (hereinafter, “ T-PLUS”), which as of June 30, 2026 holds a stake in the Company’s share capital equal to 52.45% and voting rights equal to 64.55%.
The Technoprobe Group operates in the production of electronic circuits, mechanical interfaces for electrical contacting of hybrid circuits and semiconductor devices and it is specialized in the design, development and production of probe cards used to test the operation of chips.
* * * These interim condensed consolidated financial statements as of and for the six months ended June 30, 2026 (hereafter, the “ Interim Condensed Consolidated Financial Statements ”) were approved by the Company’s Board of Directors on August 5, 2026 and were subject to limited review by PricewaterhouseCoopers S.p.A.
2. Summary of accounting policies and criteria used in preparing the Interim Condensed Consolidated Financial
Statements
2.1. Statement of compliance with International Financial Reporting Standards The Interim Condensed Consolidated Financial Statements have been prepared in compliance with the International Financial Reporting Standards as adopted by the European Union and e Ưective on June 30, 2026. International Financial Reporting Standards mean all “International Financial Reporting Standards”, all “International Accounting Standards” (IAS) and all interpretation documents of the “International Financial Reporting Interpretations Committee” (IFRIC), formerly the “Standing Interpretations Committee” (SIC), (hereinafter, the “ IFRS”).
In particular, the Interim Condensed Consolidated Financial Statements have been prepared in accordance with IAS 34, concerning interim reporting (hereinafter, the “ IAS 34”), which permits the preparation of financial statements in ‘condensed’ form, i.e. on the basis of a significantly lower level of disclosure compared to the information required for annual financial statements under IFRS, where a complete set of financial statements prepared in accordance with IFRS has been previously made available to the public. The Interim Condensed Consolidated Financial Statements therefore do not include all the information required for annual financial statements and therefore it must be read in conjunction with the consolidated financial statements as of December 31, 2025, approved by the Shareholders’ meeting on April 23, 2026 (the “ Consolidated Financial statements as of December 31, 2025”) and available in the forms and manners required by law.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
27 2.2. Criteria and basis of consolidation The Interim Condensed Consolidated Financial Statements include the economic and financial situation of the Company and its subsidiaries, prepared on the basis of the related accounting situations, where applicable, appropriately adjusted to make them compliant with IFRS.
The following table provides the list of companies included in the scope of consolidation of the Interim Condensed Consolidated Financial Statements together with details of the country, the functional currency, the share capital, and the percentage of ownership held directly or indirectly by the Company.
Country Function
al Currency Share Capital as of June 30,
2026 Share
Capital
Currency Control
Percentag
e as of
June 30,
2026 Investment held by:
PARENT:
Technoprobe S.p.A. Italy EUR 6,532,609 EUR
SUBSIDIARIES:
Technoprobe France
S.a.s. France EUR 500,000 EUR 100% Technoprobe S.p.A.
Technoprobe Suzhou Co.
Ltd.(*) China RMB 24,515,750 RMB 100% Technoprobe S.p.A.
Technoprobe Asia Pte Ltd. Singapore USD 60 USD 85% Technoprobe S.p.A.
Technoprobe Korea Co Ltd. South Korea KRW 2,000,010,000 KRW 100% Technoprobe S.p.A.
Technoprobe Japan KK Japan JPY 22,500,000 JPY 100% Technoprobe S.p.A.
Technoprobe America
Inc. USA USD 1,250,000 USD 100% Technoprobe S.p.A.
Technoprobe Taiwan Co.
Ltd. Taiwan TWD 46,500,000 TWD 100% Technoprobe S.p.A.
Technoprobe Germany
Gmbh Germany EUR 300,000 EUR 100% Technoprobe S.p.A.
Yee Wei Inc. Taiwan TWD 231,648,574 TWD 100% Technoprobe S.p.A.
Technoprobe US Holding LLC USA USD 25,000,000 USD 100% Technoprobe S.p.A.
DIS Tech Japan G.K. Japan USD 1 JPY 100% Technoprobe S.p.A.
DIS Tech Philippines, LLC USA USD 10,000 USD 100% Technoprobe S.p.A.
DIS Tech Taiwan, LLC USA USD 5,000,000 TWD 100% Technoprobe S.p.A.
Device Interface
Solutions Technology
(Shanghai) Co., Ltd China USD 7,000,000 RMB 100% Technoprobe S.p.A.
DIS Tech America, Inc. USA USD 25,000 RMB 100% Technoprobe U.S.
Holding LLC
Device Interface
Solutions Technology
(Suzhou) Co. Ltd Cina USD 10,000,000 RMB 100% Device Interface
Solutions Technology
(Shanghai) Co. Ltd
Harbor Electronics
Solutions Philippines Inc Philippines PHP 2,769,720 PHP 100% DIS Tech America, Inc.
Harbor Solutions SDN.
BHD Malaysia MYR 100 MYR 100% DIS Tech America, Inc.
MW Plasma Inc. USA USD 100 USD 80% Yee Wei Inc.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
28 All of the companies included within the scope of consolidation are consolidated on a line-by-line basis.
It should be noted that at the date of the Consolidated Financial Statements, all the companies included in the scope were consolidated on a line-by-line basis, with the exception of Innostar Service Inc, a minority shareholding acquired in January 2025, for which the valuation was carried out using the equity method. For further details, please refer to the Consolidated Financial Statements as of December 31, 2025.
The following table provides, for the periods indicated, the exchange rates used for the translation of the financial statements of the subsidiaries whose functional currency is other than Euro.
Currency As of June 30, As of December 31, Six months ended June 30, 2026 2025 2026 2025 Philippine peso 69.91 69.27 69.96 62.38 U.S. Dollar 1.14 1.18 1.17 1.09 Japanese Yen 185.08 184.09 184.46 162.12 Korean Won 1,767.08 1,696.94 1,730.66 1,556.50 Chinese Renminbi 7.73 8.23 8.01 7.92 New Taiwan Dollar 36.31 36.86 36.88 34.76 2.3. Accounting policies and measurement criteria The accounting standards adopted in the Interim Condensed Consolidated Financial Statements are the same as those used for the preparation of the consolidated financial statements as of December 31, 2025, to which reference should be made for further details, except for the following:
accounting standards, or amendments to existing accounting standards, e Ưective from January 1, 2026 (see note 3 for further details), and income taxes, recognized based on the best estimate of the expected weighted average tax rate for the full year, in line with IAS 34.
3. Recently issued accounting standards Accounting standards and amendments not yet applicable as not yet endorsed by the European
Union (EU)
At the date of approval of these Interim Condensed Consolidated Financial Statements, the following standards and amendments had not yet been endorsed by the EU:
Accounting standard/amendment Endorsed by the EU EƯective date IFRS 19 -– Subsidiary without Public Accountability: Disclosure NO January 1, 2027 Amendments to translation to a Hyperinflationary Presentation Currency (IAS21) NO January 1, 2027 Amendments to the Fair Value Option in IAS 28 Investments in Associates and Joint Ventures (IAS28) NO January 1, 2027 IFRS 20 – Regulatory Assets and Regulatory Liabilities NO January 1, 2029 The future application of these accounting standards and amendments is not expected to have a significant impact on the Group’s Consolidated Financial Statements.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
29 Accounting standards endorsed by the European Union (EU) but not yet applicable At the date of approval of these Interim Condensed Consolidated Financial Statements, the following standards and amendments have been endorsed by the EU:
Accounting standard/amendment Endorsed by the EU EƯective date IFRS 18 – Presentation and Disclosure in Financial Statements YES January 1, 2027 The Group has commenced a preliminary analysis of IFRS 18 in order to assess the potential implications of its adoption. As of the reporting date, the impact of applying this new standard has not yet been fully evaluated and therefore cannot currently be quantified.
New accounting standards, interpretations and amendments adopted by the Group Amendments to the classification and measurement of financial instruments (IFRS 9, IFRS 7) The amendments to IFRS 9 and IFRS 7 – Changes to the classification and measurement of financial instruments introduce clarifications regarding the classification and measurement of certain financial assets with special contractual characteristics, the derecognition criteria for financial assets and liabilities settled through electronic payment systems and provide for specific additional disclosure requirements for certain categories of financial instruments.
These amendments had no impact on the Group’s Consolidated Financial Statements.
Annual cycle of improvements to IFRS – Volume 11 (Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10, and
IAS 7)
The improvements reported in Annual Improvements Volume 11 mainly concern technical improvements to existing international accounting standards, without material changes to them.
These improvements had no impact on the Group’s Consolidated Financial Statements.
4. Seasonality or cyclicality of interim period operations The Group’s activities do not show any significant seasonal or cyclical pattern in overall annual sales.
5. Management of financial risks In terms of business-related risks faced, the main risks identified, monitored and actively managed by the Group as described below, are the following:
- market risk, deriving from fluctuations in exchange rates between the Euro and other currencies in which the Group operates, and in particular USD;
- credit risk, relating to the risk of default on the part of a counterpart;
- liquidity risk, relating to a lack of financial resources to meet financial obligations.
The Group’s ability to generate liquidity from operations enables it to satisfy its operational requirements to fund working capital, invest and meet its financial obligations.
The Group’s financial policy and the management of related financial risks are centrally managed and monitored.
The Interim Condensed Financial Statements do not include all the financial risk management disclosures required by IFRS. For a detailed description of such a disclosure, please refer to the consolidated financial statements as of December 31, 2025.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
30 5.1. Capital management The Group’s capital management is aimed at maintaining a strong credit rating and adequate capital ratios to support its investment plans.
5.2. Financial assets and liabilities by category and information on fair value Financial assets and liabilities by category The following table provides the breakdown, in accordance with IFRS 9, of financial assets by category as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
FINANCIAL ASSETS:
Financial assets measured at amortized cost:
Non-current financial assets 1,044 1,083 Other non-current assets 855 762 Trade receivables 236,960 119,923 Other receivables(*) 281 81 Current financial assets 3,422 10,619 Cash and cash equivalents 705,318 688,202 Financial assets measured at fair value through income statement:
Non-current financial assets 263 274 Derivative financial assets (**) - 211
TOTAL FINANCIAL ASSETS 948,143 821,155
(*) Other receivables are included in the line-item Other current assets.
(**) Derivative financial assets are included in the line item "Current financial assets".
(In thousands of Euro) As of June 30, 2026 As of December 31, 2025
FINANCIAL LIABILITIES:
Financial liabilities measured at amortized cost:
Non-current lease liabilities 19,230 10,321 Current lease liabilities 3,628 4,283 Trade payables 92,680 66,824 Other current liabilities (*) 53,592 45,982 Financial liabilities measured at fair value through income statement:
Derivative financial liabilities (**) 7,367 0
TOTAL FINANCIAL LIABILITIES 176,497 127,410
(*) Other current liabilities include payables to employees, social security institutions, directors and other payables recorded under other current liabilities.
(**) Derivative financial assets are included in the line item "Current financial liabilities".
In view of the nature of current financial assets and liabilities, for most of them the carrying amounts are deemed to be reasonable approximations of their fair value.
Non-current financial assets and liabilities are settled or measured at market rates, consequently, their fair values are deemed to be substantially in line with their carrying amounts.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
31 Fair value disclosure For assets and liabilities recognized at fair value in the statement of financial position, IFRS 13 requires that such values be classified according to a hierarchy of levels that reflects the significance of the inputs used in the calculation of fair value. The fair value hierarchy classifies the inputs to valuation techniques used to measure fair value as follows:
Level 1: fair value is calculated with reference to (unadjusted) prices quoted in active markets for identical financial instruments. Accordingly, the emphasis within Level 1 is on determining both of the following: (a) the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability; and (b) whether the entity can enter into a transaction for the asset or liability at the price in that market at the measurement date.
Level 2: fair value is calculated using valuation techniques based on observable inputs in active markets. Level 2 inputs include the following: (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active; (c) inputs other than quoted prices that are observable for the asset or liability, for example: interest rates and yield curves observable commonly quoted intervals, implied volatilities and credit spreads and market-corroborated inputs.
Level 3: fair value is calculated using valuation techniques based on unobservable market inputs.
The following tables provide the breakdown of financial assets and liabilities at fair value, split by fair value hierarchy level, as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, 2026 Level 1 Level 2 Level 3 Non-current financial assets 263 - -
Derivative financial assets (*) - - -
Total assets at fair value 263 - -
Derivative financial liabilities (**) - (7,367) -
Total liabilities at fair value - (7,367) -
(*) Derivative financial assets are included in the line item Current financial assets (**) Derivative financial liabilities are included in the line item, Current financial liabilities.
(In thousands of Euro) As of 31 December, 2025 Level 1 Level 2 Level 3 Non-current financial assets 274 - -
Derivative financial assets (*) 211 Total assets at fair value 274 211 -
(*) Derivative financial assets are included in the line item Current financial assets.
(**) Derivative financial assets are included in the line item "Current financial liabilities".
There were no transfers between fair value hierarchy levels during the periods under review.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
32 6. Notes to the consolidated statement of financial position 6.1. Property, plant, and equipment The following table provides the breakdown and movements of property, plant and equipment for the six months ended June 30, 2026.
(In thousands of Euro) Land and buildings Plant and
machinery Industrial
and
commercial
equipment Right of use
assets Leaseh
old
improv
ement Other
assets Property,
plant and
equipment
in progress
and
advances Total
Historical cost as of December 31, 2025 51,890 342,921 33,978 28,207 20,047 15,695 61,343 554,080 Additions 9,239 18,931 3,098 11,850 403 687 54,936 99,144 Disposals - (619) 102 (819) (915) (125) (72) (2,448) Reclassifications 10,941 14,240 2,534 - 227 52 (22,174) 5,820
Exchange
diƯerences 19 1,847 9 786 307 76 1,046 4,090 Historical cost as of June 30, 2026 72,089 377,320 39,721 40,024 20,069 16,385 95,079 660,687
Accumulated
depreciation as of
December 31,
2025 (10,755) (190,004) (16,368) (13,710) (4,871) (10,401) (17) (246,125) Depreciation (674) (21,276) (3,420) (2,768) (1,546) (849) - (30,533) Disposals - 619 54 708 913 118 - 2,412 Impairments - - - - - - - -
Reclassifications - - - - - - - -
Exchange
diƯerences (6) (694) 197 (316) (59) (54) (1) (933)
Accumulated
depreciation as of June 30, 2026 (11,435) (211,355) (19,537) (16,086) (5,563) (11,186) (18) (275,180)
Net book value as of December 31, 2025 41,135 152,917 17,610 14,497 15,176 5,294 61,326 307,955 Net book value as of June 30, 2026 60,654 165,965 20,184 23,938 14,506 5,199 95,061 385,507 Investments in property, plant and equipment for the six months ended June 30, 2026 amounted to €99,144 thousand of which € 11,850 thousand relate to right of use assets. Investments were mainly aimed at increasing production capacity. The increase in right-of-use assets was primarily attributable to the execution of lease agreements in Taiwan and China for o Ưice premises and manufacturing facilities.
Reclassifications mainly refers to: (i) the reclassification from “Property, plant and equipment in progress and advances” to “Plant and machinery” for an amount of €14,240 thousand relating to the company Technoprobe SpA (ii) the reclassification of the land, owned by the company Technoprobe SpA
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
33 (iii) and the reclassification of certain machinery under production to the “Inventories” line item in the financial statements, following the decision to allocate such machinery to the Group's production process.
As of 30 June 2026, the Group did not identify any indicators of impairment with respect to property, plant and equipment that would require the performance of an impairment test.
6.2. Intangible assets and goodwill The following table provides the breakdown and movements of intangible assets including goodwill for the six months ended June 30, 2026.
(In thousands of Euro) Goodwill Know-how Software and
patents Other
intangible
assets Intangible
assets in
progress
and
advances Total
Historical cost as of December 31, 2025 44,451 59,222 24,234 3,419 1,905 133,231 Additions - - 2,688 - 287 2,975 Reclassifications - 84 - - 84 Exchange di Ưerences 290 200 375 109 - 974 Historical cost as of June 30, 2026 44,741 59,422 27,381 3,528 2,192 137,264
Accumulated amortization
as of December 31, 2025 (1,951) (10,437) (13,488) (3,419) - (29,296) Amortization - (2,358) (2,748) - - (5,106) Exchange di Ưerences - (95) (166) (109) - (370)
Accumulated amortization
as of June 30, 2026 (1,951) (12,890) (16,402) (3,528) - (34,772)
Net book value as of December 31, 2025 42,500 48,785 10,746 - 1,905 103,935 Net book value as of June 30, 2026 42,790 46,532 10,979 - 2,192 102,492 As of June 30, 2026 goodwill amounted to Euro 42,790 thousand.
As of June 30, 2026, the Group had not identified any indicators of impairment in relation to intangible assets that would require the performance of an impairment test.
As in previous years, goodwill is allocated to a single Cash Generating Unit (“CGU”), which represents the lowest level within the Group at which goodwill is monitored for internal management purposes.
This level is not higher than the level identified for segment reporting purposes and coincides with the Group’s single operating segment as defined under IFRS 8.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
34 6.3. Equity-accounted investments The following table shows the composition and movement of the minority shareholding in Innostar Service Inc.
(In thousands of Euro) Equity-accounted investments Balance as of 31 December 2025 6,794 Share of profit (loss) attributable 384
Dividends (426)
Elimination of intercompany profits/losses -
Other movements 8,411 Exchange rate di Ưerences 160 Balance as of 30 June 2026 15,323 The following table shows the equity-accounted investments details:
(In thousands of Euro) As of June 30, 2026 As of December 31,
2025
Innostar Service Inc 15,323 6,794 Equity-accounted investments 15,323 6,794 The increase recorded during the period, reported under “Other movements”, is mainly attributable to the gain arising from the dilutive e Ưect of the capital increase subscribed by Innostar Service Inc. upon its transition to the Taiwan Stock Exchange's main board (TWSE).
The main information relating to equity-accounted investments is provided below:
Company name Registered o Ưice Functional currency Share capital as of June 30,
2026 Ownership
percentage as
of 30 June Investment held by:
2026 2025
Innostar Service Inc Taiwan TWD 5,163,941.183 8.40% 9.37% Technoprobe S.p.A.
6.4. Inventories
The following table provides the breakdown of inventories as of June 30, 2026 and December 31, 2025.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
Raw materials, supplies and consumables 105,047 84,189 Work in progress 100,380 79,203 Finished products and goods 5,265 5,048 Inventories (gross) 210,692 168,440 Provisions for inventory write-downs (64,719) (43,145) Inventories 145,973 125,295 The net increase in inventories in the six months ended June 30, 2026 is mainly due to higher sales volumes and due to obsolescence recognized in the first half of 2026.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
35 6.5. Trade receivables The following table provides the breakdown of trade receivables as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
Trade receivables 237,787 120,765 Allowance for doubtful receivables (827) (842) Trade receivables 236,960 119,923 The increase recorded during the period is principally driven by the higher sales volumes generated in the first half of 2026, in line with the ongoing expansion of the Group’s business activities.
The following table provides the breakdown and movement of allowance for doubtful receivables as of June 30, 2026.
(In thousands of Euro) Allowance for doubtful receivables As of December 31, 2025 842 Net provision 25
Utilization -
Exchange rate (52) As of June 30, 2026 827 Net provision for doubtful receivables is recognized in the income statement line-item “Net impairment losses/reversals on financial assets”.
6.6. Other current assets The following table provides the breakdown of other current assets as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
Tax receivables 25,526 17,830 Prepaid expenses 6,030 3,988 Prepayments and advance 1,787 472 Other receivables 281 81 Other current assets 33,624 22,371 Tax receivables are mostly VAT receivables.
Prepaid expenses include mainly prepaid expenses relating to multi-year insurance policies and non-
capitalizable multi-year licenses.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
36 6.7. Cash and cash equivalents The following table provides the breakdown of cash and cash equivalents as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
Bank and postal deposits 705,303 688,188 Cash and cash on hand 15 14 Cash and cash equivalents 705,318 688,202 Bank and postal deposits are not subject to restrictions or limitations and are held at primarily financial institutions. The Group makes recourse to term deposit accounts releasable on demand to optimize the return on available cash.
Refer to the condensed consolidated statement of cash flows for details on changes in cash and cash equivalents for the six months ended June 30, 2026.
The table below shows the composition of the Group's net financial position as of June 30, 2026, and December 31, 2025, determined in accordance with the provisions of CONSOB communication DEM/6064293 of 28 July 2006 as amended by CONSOB Attention Notice no. 5/21 of 29 April, 2021 and in accordance with the ESMA Guidelines 32-382-1138 of March 4, 2021.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
A. Cash 705,318 688,202 B. Cash equivalents - -
C. Other current financial assets 3,422 10,619 D. Liquidity (A+B+C) 708,740 698,821 E. Current financial debt - -
F. Current portion of non-current financial debt (3,628) (4,283) G. Current financial indebtedness (E+F) (3,628) (4,283)
- of which guaranteed - -
- of which not guaranteed (3,628) (4,283) H. Net current financial indebtedness (G-D) 705,112 694,538 I. Non-current financial debt (19,230) (10,321) J. Debt instruments - -
K. Non-current trade and other payables - -
L. Non-current financial indebtedness (I+J+K) (19,230 ) (10,321
- of which guaranteed - -
- of which not guaranteed (19,230) (10,321) M. Net financial position (surplus) (*) (H-L) 685,882 684,217 (*) As of June 30, 2026, Euro 22.858thousand refer to the financial liability relating to IFRS 16 (Euro 14,604 thousand as of December 31, 2025), of which Euro 3.628 thousand current (Euro 4,283 thousand as of December 31, 2025) and Euro 19.230 thousand non-current current (Euro 10,321 thousand as of December 31, 2025).
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
37 6.8. Total equity The following table provides the breakdown of total equity as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30 As of December 31,
2026 2025
Share capital 6,533 6,533 Legal reserve 1,307 1,307 Share premium reserve 523,338 523,338 Treasury shares reserve (100,801) (100,801) Other reserves 13,474 9,552 Translation reserve (875) (6,865) Retained earnings 804,277 706,615 Net profit attributable to the owners of the Parent 141,808 97,662 Equity attributable to non-controlling interests 4,818 4,680 Total equity 1,393,878 1,242,020 The share capital of the Parent, fully subscribed and paid-up amounted to Euro 6,533 thousand as of June 30, 2026 (Euro 6,533 thousand as of December 31, 2025), divided into 245,015,427 ordinary shares and 408,245,443 common shares with enhanced voting rights, the latter held by T-PLUS and the Crippa family. The shares are registered, with no par value and are issued in dematerialized form.
6.9. Provision for risks and charges Provisions for risks and charges, amounting to €21,157 thousand as of June 30, 2026 (€20,144 thousand as of December 31, 2025), increased due to the obligation to restore the sites where the production buildings leased in Taiwan.
6.10. Current Tax Liabilities Current tax liabilities, amounting to Euro 49,111 thousand as of June 30, 2026 (Euro 7,876 thousand as of December 31, 2025), increased primarily due to the higher taxable income and profitability achieved during the period.
6.11. Other current liabilities The following table provides the breakdown of other current liabilities as of June 30, 2026, and December 31, 2025.
(In thousands of Euro) As of June 30, As of December 31,
2026 2025
Payables due to employees 36,256 31,218 Payables due to social security institutions 11,181 10,948 Tax payables 3,342 4,089 Payables to directors 1,216 1,116 Deferred income 5,015 5,641 Other minor liabilities 4,939 2,700 Other current liabilities 61,949 55,712 Payables due to employees primarily refer to payroll, production bonuses, MBOs and deferred expenses, such as vacation, leave and additional monthly payments.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
38 Payables due to social security institutions primarily refer to liabilities to pension and social security institutions for the payment of contributions.
Tax payables primarily include amounts due to non-income taxes, primarily consisting of tax payables related to sales, other indirect taxes and withholding taxes on employees.
Deferred income mainly relates to grants received during 2025 for the project “SUSTAINABLE GROWTH FUND - Agreements for Innovation Ministerial Decree of 24 May 2017 - No. F/130085/00/X38”, entitled “TERABIT ERA: Research and development of new test interfaces for microchips dedicated to the 5G, AI and IoT markets”. The grants received amounted to:
1. Euro 2,175,837.27 (value date: 23 October 2025), representing a non-repayable grant provided by the Italian Ministry of Enterprises and Made in Italy;
2. Euro 283,258.35 (value date: 23 October 2025), representing a non-repayable grant provided by the Lombardy Region.
The above amounts were received in connection with the implementation of the project, which gave rise to the first and only statement of eligible costs amounting to Euro 10,863,446.79, submitted on 30 March 2023. It should be noted that the above-mentioned grants are considered final settlements, as all project activities have been completed, including all audit procedures required under the applicable regulations.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
39 7. Notes to the consolidated income statement
7.1. Revenue
The following table provides the breakdown of revenue for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30
2026 2025
Revenue from sales 464,051 325,860 Revenue 464,051 325,860
The following table provides the breakdown of revenue by geographical area for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30
2026 2025
Asia 252,812 173,776 America 194,789 132,984 Europe (excluding Italy) 13,646 13,374 Italy 2,804 5,726 Revenue 464,051 325,860 (*) Data determined based on the location to which revenue is billed.
7.2. Cost of revenue The following table provides the breakdown of cost of revenue for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30,
2026 2025
Raw materials, supplies, consumables and goods 95,476 78,595 Personnel expenses 65,580 54,062 Depreciation, amortization and impairment 30,417 25,682 Outsourced services and industrial services 9,559 6,120 Maintenance and repairs 4,614 3,187 Utilities 3,783 3,254 Lease and rental costs 1,014 1,629 Other minor costs 3,997 2,712 Cost of revenue 214,440 175,241 7.3. Research and development The following table provides the breakdown of research and development for the six months ended June 30, 2026, and 2025.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
40 (In thousands of Euro) Six months ended June 30,
2026 2025
Personnel expenses 17,527 15,643 Consultancy and professional services 2,813 3,222 Depreciation, amortization and impairment 2,261 3,866 Raw materials, supplies, consumables and goods 2,842 1,904 Software licenses 1,061 1,370 Maintenance and repairs 134 97 Utilities 125 297 Other minor costs 488 514 Research and development cost 27,251 26,913 7.4. Selling, general and administrative The following table provides the breakdown of selling, general and administrative for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30,
2026 2025
Personnel expenses 26,283 24,402 Sales commissions and fees 7,573 4,602 Consultancy and professional services 4,531 5,892 OƯice costs 391 3,549 Depreciation, amortization and impairment 2,961 2,692 Transportation costs 750 509 Lease and rental costs 1,021 568 Maintenance and repairs 943 862 Travel costs 1,284 1,378 Utilities 618 713 Directors compensation 1,767 1,409 Other minor costs 3,726 3,009 Selling, general and administrative 51,848 49,585 7.5. Finance income The following table provides the breakdown of finance income for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30,
2026 2025
Interest income 8,909 8,880 Other finance income 150 157 Finance income 9,059 9,037 7.6. Foreign exchange gains / losses Foreign exchange gains / losses amounted to losses of €8,962 thousand (including unrealized losses of €35,885 thousand) and gains amounting to 35,885(including unrealized gains of 30.737thousand) for
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
41 the six months ended June 30, 2026 and 2025 respectively. The result for the first half of 2026 is mainly attributable to the strengthening of the U.S. dollar against the euro compared with the exchange rate at 31 December 2025. The balance includes a negative fair value of foreign exchange derivatives amounting to €7,367 thousand.
7.7. Income tax expenses The following table provides the breakdown of income tax expense for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30,
2026 2025
Current taxes (60,782) (11,020) Prior periods taxes (3) -
Deferred taxes 5,883 (614) Income tax expense (54,902) (11,634) The increase is primarily attributable to the higher profit generated during the period.
7.8. Earnings per share The following table sets forth the calculation of net profit per share for the six months ended June 30, 2026, and 2025.
(In thousands of Euro) Six months ended June 30,
2026 2025
Net profit attributable to the owners of the Parent 141,465 33,195 Weighted average number of ordinary shares 640,319,348 646,864,345 Basic and diluted net profit per share (in Euro) 0.22 0.05 The shares composing the share capital are ordinary shares and there are no obligations relating to the distribution of privileged dividends or other privileged forms of allocation of results among the shares.
Furthermore, there are no existing instruments with a potential diluting e Ưect on the result attributable to the shareholders of the owners of the Parent.
7.9. Share based payments In order to implement an incentive and retention system for executives and employees who hold key roles within the Technoprobe group, the Technoprobe SpA Shareholders' Meeting approved: (i) on 24 April 2024 a 2024-2026 incentive plan, called the " 2024-2026 Restricted Shares Plan "; (ii) on 29 April 2025 another 2025-2027 incentive plan called the " 2025-2027 Performance Shares Plan "; and (iii) on 23 April 2026 another 2026-2028 incentive plan called the " 2026-2028 c " and (iv) On the same date, an additional plan named the “Special Award” Plan was established. All the plans provide for the free assignment of Technoprobe SpA shares to the Chief Executive O Ưicer and to certain key Executives and Employees within the Company.
representing approximately 1.0% of the total outstanding ordinary shares.
The 2024-2026 Restricted Shares Plan provides for three annual grant cycles commencing in fiscal year 2024, each subject to a three-year vesting period and conditional upon the beneficiary remaining employed by, or otherwise maintaining a relationship with, the Company until the respective vesting dates of 31 December 2026, 2027 and 2028.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
42 The 2025-2027 Performance Shares Plan provides for three annual grant cycles commencing in fiscal year 2025, each subject to a three-year vesting period and conditional both upon the beneficiary remaining employed by, or otherwise maintaining a relationship with, the Company until the respective vesting dates of 31 December 2027, 2028 and 2029, and upon the achievement of specified performance conditions.
The 2026-2028 New Restricted Shares Plan provides for three annual grant cycles commencing in fiscal year 2026, each subject to a two-year vesting period and conditional upon the beneficiary remaining employed by, or otherwise maintaining a relationship with, the Company until the respective vesting dates of 31 December 2027, 2028 and 2029.
The Special Award Plan provides for a single grant, awarded during 2026, and is conditional both upon the beneficiary remaining employed by, or otherwise maintaining a relationship with, the Company until the vesting date of 31 December 2032, and upon the achievement of specified performance conditions and the occurrence of certain trigger events. Both plans are in line with the resolution of the Board of Directors on 14 March 2024, 24 March 2025 respectively and 18 March 2026.
The implementation of the plan will take place with Technoprobe SpA treasury shares already in the portfolio or to be purchased in accordance with Article 2357 of the Italian Civil Code.
The fair value of the services received by the plan participants as compensation for the assigned capital instruments was determined directly by referring to the fair value of the instruments themselves, The portion allocated to the financial year was determined on a pro-rata temporis basis over the vesting period, which is the period to which the incentive refers, The fair value assessment was conducted in accordance with applicable accounting principles, particularly IFRS 2.
Technoprobe Group’s Chief Executive O Ưicer The incentive plan allocation related to both the Restricted Shares and Performance Shares and that of New Restricted Shares for the Chief Executive O Ưicer of Technoprobe S.p.A. was carried out respectively for n. 113,265, 295,455 and 106,348 stock rights. With respect to the Special Award, the number of awarded rights totaled 1,597,904 The parameters used for the fair value calculation for the Restricted Shares plan were as follows:
First allocation Second allocation Third allocation Share price (euro) 8.456 6.002 10.790 Exercise price (euro) N/A N/A N/A Vesting period (years) 3 3 3 The parameters used for the fair value calculation for the Performance Shares plan were as follows:
First allocation Second
allocation
Share price (euro) 6.068 10.790 Exercise price (euro) N/A N/A Vesting period (years) 3 3 The parameters used for the fair value calculation for the New Restricted Shares plan were as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 2
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
43 The parameters used in the calculation of the fair value of the Special Award Plan were as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 7 Since the shares are granted free of charge, the exercise price is zero. The fair value of the stock grants as of June 30, 2026, amounting to €1,1163 thousand was recognized under Selling, general and administrative Expenses, with a corresponding entry in Other Reserves within Shareholders' Equity.
Technoprobe Group’s Strategic Executives The allocation of shares to certain key management personnel of the Group provided for a total of 145,912 share rights under the Restricted Shares Plan, a total of 217,020 share rights under the Performance Shares Plan, and a total of 75,292 rights under the New Restricted Shares Plan. With regard to the Special Award, the number of rights granted amounted to 1,198,428. The parameters used for the fair value calculation for the Restricted Shares plan were as follows:
First allocation Second allocation Third allocation Share price (euro) 8.456 6.002 10.790 Exercise price (euro) N/A N/A N/A Vesting period (years) 3 3 3 The parameters used for the fair value calculation for the Performance Shares plan were as follows:
First allocation Second
allocation
Share price (euro) 6.068 10.790 Exercise price (euro) N/A N/A Vesting period (years) 3 3 The assumptions used to determine the fair value of the New Restricted Shares Plan were as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 2 The assumptions used to determine the fair value of the Special Award Plan were as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 7 Technoprobe Group’s Managers The share-based incentive plans granted to certain managers of the Group included a total of 482,123 share rights under the Performance Shares Plan and a total of 291,340 rights under the 2026-2028 New Restricted Shares Plan. With regard to the Special Award, the number of rights granted amounted to 1,997,379. The parameters used for the fair value calculation for the Performance Shares plan were as
follows:
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
44 First allocation Second
allocation
Share price (euro) 6.068 10.790 Exercise price (euro) N/A N/A Vesting period (years) 3 3 The parameters used for the fair value calculation for the New Restricted Shares 2026-2027 plan were
as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 2 The parameters used for calculating the fair value of the Special Award Plan were as follows:
First allocation
Share price (euro) 10.790 Exercise price (euro) N/A Vesting period (years) 7 Since the shares are granted free of charge, the exercise price is zero. The fair value of the stock grants as of June 30, 2026, for both Strategic Executives and Manager, amounting to €2,775 thousand was recognized under personnel costs, partly in Cost of Sales Expenses, partly in Research and Development Expenses and partly in, Selling, General and Administrative Expenses, with a corresponding entry in Other Reserves within Shareholders' Equity.
The rights existing as of June 30, 2026, are represented as follows:
Shares number Average exercise price Rights existing as of January 1, 2026 825,315 New rights granted during the period 5,701,454 N/A (Rights canceled during the period) (6,303) (Rights converted into cash during the period) (Rights expired during the period) Rights existing as of June 30, 2026 6,520,466 N/A Of which exercisable at the end of the period - -
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
45 8. Segment information Segment information has been prepared in accordance with IFRS 8 – “Operating segments” (hereafter “IFRS 8”), which requires the presentation of disclosures consistent with how directors take operating decisions.
At the management level, the Group adopts a single strategic view of its operating activities. The Board of Directors monitors business performance and makes strategic, commercial, industrial and financial decisions based on economic and financial information relating to the business as a whole. In particular, decisions concerning resource allocation and investment planning, the definition of operational priorities, and performance evaluation are made considering the Group as a single economic entity, without distinguishing between di Ưerent busin ess lines or operating areas, consistently with the integrated nature of its operating model and overall business strategy. Accordingly, no operating segments have been identified.
Therefore, in line with previous years, the Group’s activities have been presented as a single reportable segment in accordance with IFRS 8, as in previous years.
Revenue by geographical area is presented in Note 7.1 – “Revenue” In accordance with the provisions of IFRS 8, paragraph 34, it should be noted that for the six months ended June 30, 2026, there were two individual customers (two individual customers for the six months ended June 30, 2025) which have individually generated more than 10% of the Group’s total revenue.
The following table provides the detail of revenue relating to customers that individually generated more than 10% of the Group’s total revenue for the six months ended June 30, 2026, and 2025.
(In thousands of Euro and percentage) Six months ended June 30,
2026 2025
Revenue % on revenue Revenue % on revenue First customer 138,159 29.8% 104,574 32.1% Second customer 135,380 29.2% 54,553 16.7% The table below provides non-current assets, other than financial assets and deferred tax assets, by geographical area as of June 30, 2026, presented according to where the assets are located.
(In thousands of Euro) Italy Asia Europe
(excludin
g Italy) America Non-
allocated Total non-
current asset
Property, plant and equipment 236,063 134,946 858 13,640 - 385,507 Goodwill 1,773 1,823 686 9,550 28,958 42,790 Intangible assets 4,934 8,077 2 3,651 43,038 59,702 Other non-current assets 309 546 - - - 855 As of June 30, 2026 243,079 145,392 1,546 26,841 71,996 488,854 Non-allocated assets are entirely attributable to goodwill and know-how.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
46 9. Related party transactions Related party transactions, identified on the basis of the IAS 24 criteria, are carried out at arm length.
The following table sets forth the statement of financial position transactions with related party as of June 30, 2026 and December 31, 2025.
(In thousands of Euro ) Teradyne
Group Innostar
Service
Inc Top
management Total Total
line
item Impact on
the line
item
Trade receivables
As of June 30, 2026 2,614 2 - 2,616 236,960 1.1% As of December 31, 2025 2,824 539 - 3,363 119,923 2.8%
Trade payables
As of June 30, 2026 145 1,857 - 2,002 92,680 2.2% As of December 31, 2025 630 3,152 - 3,782 66,824 5.7% Other current liabilities As of June 30, 2026 20 - 1,222 1,242 61,949 2,0% As of December 31, 2025 - - 1,785 1,785 55,712 3.2% Other current assets As of June 30, 2026 43 132 - 176 33,624 0.5% As of December 31, 2025 - - - - 22,371 -
The following table sets forth the income statement transactions with related party for the six-months ended June 30, 2026 and 2025.
(In thousands of Euro ) Teradyne
Group Innostar
Service
Inc Top
management Total Total line
item Impact
on the
line
item
Revenue
Six months ended June 30, 2026 4,899 117 - 5,016 464,051 1.1% Six months ended June 30, 2025 6,174 - - 6,174 325,860 1.9% Cost of revenue Six months ended June 30, 2026 482 - - 482 214,440 0.2% Six months ended June 30, 2025 3,850 - - 3,850 175,241 2.2% Research and development Six months ended June 30, 2026 - - 837 837 27,251 3.1% Six months ended June 30, 2025 - - - - 26,913 0.0% Selling, general and administrative Six months ended June 30, 2026 - - 3,677 3,677 51,848 7.1% Six months ended June 30, 2025 1,094 - 2,364 3,457 49,585 7.0%
Teradyne Group
Transactions with the Teradyne Group, are of a commercial nature and refer to the purchase and sale of goods and services carried out by DIS Tech.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
47 Innostar Service Inc.
Transactions carried out with Innostar Service Inc., a minority investment acquired in January 2025, are commercial in nature and relate to the reciprocal purchase and sale of machinery used in assembly operations. As of 30 June 2026, the balance of Property, Plant and Equipment purchased by the Group from Innostar Service Inc. amounted to Euro 14,864 thousand, of which Euro 8,138 thousand related to investments made during the period.
Top Management
Top Management includes: the members of the Company's Board of Directors and the managers with strategic responsibilities identified in the following figures: (i) Chief Executive O Ưicer (CEO); (ii) Chief Financial O Ưicer (CFO); (iii) Chief Commercial O Ưicer (CCO); and (iv) Chief Technology O Ưicer (CTO).
10. Commitments, guarantees and contingent liabilities Securities and guarantees granted in favor of third parties and contingent liabilities As of June 30, 2026, there aren’t commitments, guarantees provided and contingent liabilities not resulting from the statement of financial position, excluding commitments made with suppliers totaling Euro 180.3 million as of June 30, 2026. In addition, there aren’t agreements not resulting from the statement of financial position, which could significantly a Ưect the Group’s financial situation and the economic result.
11. Other information Non-recurring material events and transactions In the six months ended June 30, 2026 no non-recurring events and transactions occurred.
Atypical and/or unusual operations Pursuant to Consob Communication No. 6064293 of 28 July 2006, it should be noted that during the first half of 2026 the Company did not engage in any atypical and/or unusual transactions, as defined in the aforementioned Communication.
12. Significant events occurring after the end of the period There are no significant events occurred after the end of the period.
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
48 Management’s attestation to the Interim Condensed Consolidated
Financial Statements
The undersigned Stefano Felici and Stefano Beretta as Chief Executive O Ưicer and as Manager in Charge of Company’s Financial Reports of Technoprobe S.p.A., certify, also taking into account the provisions of art. 154-bis, paragraphs 3 and 4, of the Decree Legislative February 24, 1998, n. 58:
the adequacy in relation to the characteristics of the company; and the eƯective application of the administrative and accounting procedures for the preparation of the Interim Condensed Consolidated Financial Statements as of June 30, 2026.
No significant aspects emerged in this regard.
It is also certified that the Interim Condensed Consolidated Financial Statements as of June 30, 2026:
are drawn up in compliance with the applicable international accounting standards recognized in the European Community pursuant to Regulation (EC) no. 1606/2002 of the European Parliament and of the Council of July 19, 2002;
correspond to the results of the accounting books and records;
is suitable to provide a true and fair view of the financial and economic situation of the company and of the companies included in the scope of consolidation.
The Directors’ Report on Operation includes a reliable analysis of the performance and results of operations, as well as the situation of the company and of all the companies included in the consolidation, together with the description of the main risks and uncertainties to which it is exposed.
Cernusco Lombardone, August 5, 2026
Technoprobe SpA
Stefano Felici Stefano Beretta (Chief Executive O Ưicer) (Manager in Charge of Company’s Financial Reports)
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
49 Independent Auditors’ Report
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
50
TECHNOPROBE SPA HALF-YEAR FINANCIAL REPORT AS OF JUNE 30, 2026
51