Informazione
Regolamentata n.
3030-94-2026Data/Ora Inizio Diffusione 10 Settembre 2026 12:18:49Euronext Star Milan
Societa' :SYS-DAT
Utenza - referente :SYS-DATN01 - Baldini Andrea Matteo
Tipologia :1.2
Data/Ora Ricezione :10 Settembre 2026 12:18:49 Data/Ora Inizio Diffusione :10 Settembre 2026 12:18:49 Oggetto :SYS-DAT approved the half-year financial report as of June 30, 2026 Testo del comunicato
Vedi allegato
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 1
PRESS RELEASE
SYS-DAT BOARD OF DIRECTORS HAS APPROVED THE
CONSOLIDATED HAL F-YEAR FINANCIAL REPORT
AS OF JUNE 30, 2026
STRONG ACCELERATION IN GROWTH WITH KEY
CONSOLIDATED FINANCIAL INDICATORS SHOWING
SIGNIFICANT IMPROVEMENT
STRONG CASH FROM OPERATIONS FUNDS
R&D, M&A, AND BUY-BACK
ET.ICS AND TECHNIS BLU SUCCESSFULLY INTEGRATED
Main consolidated data1:
• Total revenues: €52.3 million (€45.2 million as of June 30, 2025 )
+15. 7% YoY;
• EBITDA : €10.2 million (€8.3 million as of June 30, 2025 ) +23. 7% YoY ;
• EBITDA margin : 19.6% ( 18.3% as of June 30, 2025 );
• Net Income: € 3.9 million ( €3.2 million as of June 3 0, 2025) +22.6%
YoY;
• Liquidity at €47.0 million ( €48.5 million a s of December 31, 2025 );
• Positive Net Financial Position at € 16.4 million ( €17.4 mil lion a s of December 31, 2025) .
Milan, 10 September 2026 - The Board of Directors of SYS -DAT S.p.A., a company listed on Euronext Milan, STAR segment (" SYS-DAT " or the "Company ") (SYS.MI ), a leading Italian ICT company that develops and provides innovative IT solutions for major industrial sectors and the service market, met today and approved the Consolidated Half -Year Financial Report as of June 30, 2026. The report of the statutory auditing firm BDO Audit Services S.r.l. is currently being issued.
1 In 2026, the consolidation perimeter changed following the acquisition of et.ics and Technis Blu during the first half of the year, with an effect on revenues, EBITDA, and Net Income for the period of 7.1%, 3.4%, and 2.5% respectively
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 2
Emanuele Angelidis, Vice Chairman of SYS -DAT, commented : “The first half of the year highlights a solid and structured performance, reflecting the effectiveness of our organic and inorganic growth strategy. We recorded strong revenue progression, solid operating profitability, and robust cash generation, which continues to support both M&A activities and our buy-back program ”.
Matteo Neuroni, CEO of SYS- DAT, added: "Over the past few months, we have secured major commercial contracts, driven by our specialized and increasingly comprehensive, integrated offering. Parallel to this, we have successfully finalized the integration of et.ics and Technis Blu, which are alrea dy capturing the benefits and synergies of being part of the Group ".
***
CONSOLIDATED ECONOMIC AND FINANCIAL DATA AS OF 30 JUNE, 2026
Total revenues for the first six months of 2026 were €52 .3 million, up 15. 7% compared to €45 .2 million recorded in the first six months of 2025, thanks to organic growth of 7. 4% and the contribution of the newly acquired et.ics and Technis Blu.
EBITDA for the first six months of 2026 was € 10.2 million, up 2 3.7% compared to €8.3 million recorded in the first six months of 2025, with an EBITDA margin of 19. 6%.
Net Income for the first six months of 2026 was € 3.9 million, up 2 2.6% compared to € 3.2 million recorded in the first six months of 2025, representing 7.5% of Total revenues .
The Group's Liquidity as of June 3 0, 2026, is €47. 0 million , down by €1. 5 million compared to the €48.5 million recorded as of December 31, 2025 following the cash flow generated by operations, which funded R&D investment s, M&A, and share buy -
back.
The Group's Net Financial Position as of June 30, 2026 is cash positive for €1 6.4 million, down by € 1.0 million compared to the cash positive €17.4 million recorded as of December 31, 2025. This evolution is the result of the positive operating cash flow and the cash absorption from the acquisition of et.ics and Technis Blu and from the share buy -back program .
***
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 3
MAIN SIGNIFICANT EVENTS IN THE FIRST HALF OF 2026
On January 1, 2026, Versya S.p.A. completed the merger by incorporation of Osra Servizi S.r.l.
On February 18, 2026, SYS -DAT acquired the entire share capital of et.ics S.r.l., a company specializing in high value -added software solutions and services for companies with on -field personnel.
On February 27, 2026, SYS -DAT announced the acquisition of a 25% of the share capital of Technis Blu S.r.l. , a company specialized in SAP S/4HANA and in the development of vertical solutions, with a put&call option to be exer cised subsequent to the filing of Technis Blu's financial statements for the year ending December 31, 2028 for the remaining 75% of the share capital.
On March 11, 2026, SYS -DAT filed the plan of merger by incorporation of its wholly -owned subsidiary, BTW Informatica S.r.l., into SYS -DAT with the Companies' Register of Milan Monza Brianza Lodi.
On March 26, 2026, the Board of Directors of SYS -DAT, during a meeting held before a notary, approved the merger by incorporation of its wholly- owned subsidiary, BTW Informatica S.r.l., into the Company.
On March 31, 2026, SYS -DAT acquired the remaining shares of Humatics S.r.l.
and VCube S.r.l., corresponding to an additional 30% of the share capital, thus reaching 100% ownership of both companies.
On April 20, 2026, the subsidiaries SYS -DAT Verona, VCube, and Humatics approved the plan of merger by incorporation of the wholly -owned companies VCube S.r.l. and Humatics S.r.l. into SYS -DAT Verona S.r.l., executed as notarial deed on June 5, 2026 .
On April 22, 2026, the SYS -DAT Shareholders' Meeting has: (i) approved the separate financial statements for the year ended December 31, 2025, and acknowledged the consolidated financial statements as at December 31, 2025; (ii) approved the allocation of the net profit and the distribution of a gross dividend of €0.04 per ordinary share; (iii) approved the remuneration policy and the report on compensation paid; (iv) renewed the authorization for the purchase and disposal of own shares (treasury shares), subject to the revo cation of the previous authorization resolved by the Shareholders' Meeting on April 16, 2025, for the part not yet executed.
On the same date, the SYS -DAT Board of Directors resolved, in execution of the resolution passed by the Shareholders' Meeting, to launch a share buy- back
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 4
program (the "Program") starting from April 30, 2026. The Program will be executed under the safe harbour conditions provided for by Art. 5 of EU Regulation no. 596/2014.
On May 18, 2026, the Investor Day took place, a meeting with the financial community for the presentation of the Strategic Plan 2026 -2028 of the SYS -DAT Group, approved by the Board of Directors of SYS -DAT on the same date.
On June 22, 2026, the deed of merger by incorporation of BTW Informatica S.r.l.
into the Company was signed, with legal effectiveness starting from July 1, 2026.
***
MAIN SIGNIFICANT EVENTS AFTER JUNE 30, 2026
On July 1, 2026, SYS -DAT was selected among the one hundred companies listed on Borsa Italiana that compose the Intermonte Valore Italia Index.
***
OUTLOOK
During the first half of the year, the Group delivered a positive performance, confirming the strong resilience of its operating model and the validity of its strategic choices. The results demonstrate that the combination of diversification of sales to anti-cyclical vertical markets and the depth of its proprietary software solutions represents the right strategic direction to guide the Group's evolution.
In the remainder of the fiscal year, the Group's strateg y will be focused on consolidating its technological leadership through R&D investments, optimizing operational processes, and transitioning toward "intelligent software" driven by the proprietary AI platform MosAIc, which aims to generate tangible and immediate value for the customer portfolio. This organic growth path is complemented by the acceleration of synergies from the recent acquisitions of et.ics and Technis Blu, which strengthen the offering in Cybersecurity and the Enterprise market segment for major clients.
The half -year results and the initiatives launched during the period confirm the soundness of the strategic directions defined in the Strategic Plan 2026 -2028, reinforcing the Group's confidence in its ability to continue on a path of sustainable growth, c ontinuous innovation and value creation for all stakeholders.
***
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 5
DOCUMENTA TION DEPOSIT
The documentation of the Interim Management Report as of June 30, 2026 , including the Report of the auditing firm BDO Audit Services S.r.l. , will be made available to the public, within the terms of the law, at the registered office of SYS -
DAT in via Muzio Attendolo detto Sforza n. 7/9 – Milan (MI), on the website www.sys -datgroup.com section “Investors/Financial Statements and Periodic Reports”, and on the authorized storage mechanism www.emarketstorage.it.
***
The Group CFO Andrea Baldini, manager responsible for preparing corporate accounting documents, declares pursuant to paragraph 2 of article 154 bis of the Consolidated Finance Act (TUF), that the accounting information contained in this press release corresponds to the documentary evidence, books and accounting records.
***
SYS-DAT’s results for the first three months of 2026 will be presented to the financial community today during a conference call at 03:00 PM (CE ST) 02:00 PM (UK). The presentation is available in the “Investors” section of the website www.sysdatgroup.com .
For information, please contact the contacts at the bottom of this press release.
***
This press release is available in the "Investors" section of the website www.sys -
datgroup.com.
For dissemination and storage of Regulated Information, the Company uses the “EMARKET STORAGE” system available at www.emarketstorage.it.
***
SYS- DAT Group SYS-DAT Group is one of the main Italian groups specialized in ICT. It has always been a highly innovative company and oriented to offer its customers, throughout the national and foreign territory, complete and integrated IT solutions for different market sectors. The services offered cover all mission critical business processes, starting from the ERP management area and then extending to different application areas including CRM, SCM, PDM, BI, GDPR and Retail & Distribution developed on -premise or cloud. All this thanks to various advanced technologies, including Cyber Security and Artificial Intelligence solutions. www.sys -datgroup.com
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 6
Investor Relation – SYS-DAT S.p.A.
investor@sys -datgroup.com
Investor Relation – CDR Communication Marta Alocci | marta.alocci@cdr -communication.it Silvia Di Rosa | silvia.dirosa@cdr -communication.it
Corporate press office - CDR Communication Martina Zuccherini | martina.zuccherini@cdr -communication.it Maddalena Prestipino | maddalena.prestipino@cdr -communication.it Angelo Brunello | angelo.brunello@cdr- communication.it
Attached are the consolidated income statement, balance sheet, cash flow statement and net financial position as of June 30, 2026
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 7
Annexes
CONSOLIDATED INCOME STATEMENT
(Euro) 30/06
2026 2025
Operating Revenues 51,764,213 44,990,592 Other Revenues 525,293 216,680 Total Revenue 52,289,506 45,207,272 Purchasing cost 4,565,701 3,466,599 Changes in inventories 121,764 311,048 Service cost 16,702,655 14,985,41 3 Personnel 20,203,161 17,591,27 1 Other operating cost 468,773 584,467 Total operating cost 42,062,053 36,938, 798
EBITDA 10,227,453 8,268,47 3
Amortisations and depreciations 3,765,546 3,351,664 Provisions and write -downs 515,422 389,073
EBIT 5,946,485 4,527,73 6
Income (expenses) from equity investments 0 5,507 Other financial income (expenses) 439,590 513,998 Value adjustments to financial assets and liabilities -237,201 -145,435 Income before taxes 6,148,873 4,901,80 6 Income taxes 2,206,665 1,687,23 2 Net Income 3,942,208 3,214,574 Profit or loss attributable to non -controlling interests 0 -1,929 Net Income parent Company 3,942,208 3,216,503
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 8
CONSOLIDATED BALANCE SHEET
(Euro) 30/06/2026 31/12/2025
ASSETS
Non-current assets
Goodwill 24,857,437 21,100,479 Intangible assets 26,923,288 23,724,450 RoU assets 7,460,504 7,003,398 Tangible assets 1,604,859 1,646,693 Equity investments and other non -current assets 428,995 381,809 Deferred tax assets 1,016,259 1,120,392 Total non -current assets 62,291,342 54,977,222
Current assets
Inventories 800,380 894,309 Trade receivables 31,268,954 23,726,975 Activities for work in progress on order 1,170,276 1,055,347 Other receivables and current assets 7,135,141 3,618,150 Current financial assets 26,539,281 27,636,676 Cash and cash equivalent 20,489,919 20,928,317 Total current assets 87,403,951 77,859,774
TOTAL ASSETS 149,695,293 132,836,996
EQUITY AND LIABILITIES
Share Capital 1,564,244 1,564,244 Other reserves 61,003,408 54,991,891 Net result 3,942,208 6,924,873 Reserve for Buyback -4,244,777 -1,079,534 Third parties shareholders' equity 0 175,445 Total group equity 62,265,084 62,576,920
Non-current liabilities
Non-current financial liabilities 19,417,814 21,980,525 Deferred taxes liabilities 6,004,177 5,392,140 Employee benefits 9,293,822 9,209,698 Provisions 395,034 276,808 Total non -current liabilities 35,110,848 36,859,171
Current liabilities
Current financial liabilities 11,051,929 9,077,943 Trade payables 12,705,928 7,910,878 Advance payments on work in progress 1,173,299 986,834 Current tax debts 4,593,429 2,727,276 Other current debts and liabilities 22,794,777 12,697,974 Total current liabilities 52,319,361 33,400,905
TOTAL LIABILITIES AND EQUITY 149,695,293 132,836,996
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 9
CONSOLIDATED CASH FLOW STATEMENT
(Euro) 30/06
2026 2025
Net income 3,942,208 3,214,574 Taxes 2,272,052 1,687,231 Net interest expense 95,077 66,944 Depreciation 3,761,527 3,351,664 Other variations -206,931 199,631 Funding from operations 9,768,855 8,453,099 Change in inventories 965,044 883,822 Changes in WIP net of prepayments -720,934 -501,091 Change in trade receivables -3,132,865 -1,834,079 Change in trade payables -536,977 -2,279,872 Change in other assets and liabilities (except to tax assets and liabilities) 6,249,483 6,598,835 Change in tax assets and liabilities 810,366 905,686 Taxes paid -1,038,986 -716,982 Operating cash flow 12,363,986 11,509,4 20 Investments in intangible assets -2,084,763 -2,026,472 Investments in tangible assets -211,743 -527,205 Interest received 48,178 101,771 Change in financial assets 1,734,321 -2,388,914 Investment activities Cash Flow -514,007 -4,840,820 Change in financial debts -861,576 275,985 Repayment of loans -953,828 -1,335,217 Buyback -3,170,182 0 Dividends paid -1,237,376 -1,251,395 Interest paid 31,597 -36,513 Financial activities cash flow -6,191,365 -2,347,140 Liquidity acquired (transferred) from changes in the consolidation area -6,097,012 -2,266,189 Total cash flow (net of changes in consolidation area) -438,397 2,055,270
Cash and cash equivalent at the beginning of the period 20,928,317 24,680,166 Total cash flow -438,397 2,055,270 Cash and cash equivalent at the end of the period 20,489,920 26,735,436
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 10
CONSOLIDATED NET FINANCIAL POSITION
Net Financial Position 30/06/2026 31/12/2025 Variation
(€ thousand)
A. Liquid assets 20,490 20,928 -438 B. Cash equivalents 0 0 0 C. Tradeable securities 26,539 27,637 -1,097 D. Liquidity (A) + (B) + (C) 47,029 48,565 -1,536 E. Current financial debt 761 129 632 F. Current portion of non -current debt 10,407 9,078 1,329 G. Current financial indebtedness (E) + (F) 11,168 9,207 1,961 H. Net current financial debt (D) - (G) 35,862 39,358 -3,497 I. Non -current financial debt 129 279 -149 J. Bonds issued 0 0 0 K. Other non -current financial debt 19,288 21,702 -2,413 L. Non -current financial debt (I) + (J) + (K) 19,418 21,981 -2,563
M. Net Financial Position (H) - (L) 16,444 17,378 -934
SYS- DAT S.p.A.
Via Muzio Attendolo detto Sforza, 7/9 - 20141 Milano (Italia) Tel. +39 02 507 241 info@sys -datgroup.com • www.sys -datgroup.com Capitale Sociale: € 1. 564.244 ,00 i.v.
P. IVA - Codice Fiscale: 03699600155 • REA: MI -963005 11
ALTERNATIVE PERFORMANCE INDICATORS
The alternative performance indicators used by the Company, in accordance with ESMA 2015/1415 Guidelines, are as follows:
EBIT : corresponds to Operating profit.
EBITDA : represents Gross operating margin and is determined by adding Depreciation of tangible and intangible assets and Impairment and Provisions to the Operating Profit.
Net Financial Debt or Net Financial Position : represents an indicator of the financial structure and is determined by the algebraic sum of Cash and cash equivalents, Other current financial assets, Current financial debt, Current portion of Non -current financial debt, Non -
current financial debt, Tra de payables and Other non -current Liabilities.
Fine Comunicato n.3030-94-2026 Numero di Pagine: 13