ASTA Energy Solutions (1AST) investor relations material

Executive summary

• Achieved record financial results for 2025, marking the best year in company history and reinforcing its role in the global energy transition.

• Completed a highly successful IPO on the Frankfurt Stock Exchange in January 2026, raising approximately EUR 125 million in gross proceeds at EUR 29.50/share, with a market cap of approximately EUR 420 million.

• Expanded global production footprint, including ramp-up of a new site in Bosnia-Herzegovina and capacity expansions in Europe, Asia, and South America.

• Enhanced supply chain integration and technological leadership, with a circular copper model using 40% recycled copper.

• Secured additional long-term agreements with major OEMs, enhancing commercial visibility and supply chain resilience.

Financial highlights

• Net sales reached EUR 695.8 million, up 8.3% year-over-year; net-value sales rose 16.8% to EUR 146.5 million.

• Adjusted EBITDA increased 36.9% to EUR 48.6 million, representing 33.2% of net-value sales, up 4.9 percentage points from last year.

• Net income surged to EUR 30.1 million from EUR 4.8 million, including a EUR 3.4 million one-off gain from impairment reversal.

• Free cash flow improved to EUR 14.1 million (+8.5% yoy) despite CapEx rising 53.3% to EUR 34.5 million.

• Net debt to EBITDA improved to 1.18x, with net debt at EUR 56.6 million and leverage ratio below 2.0%.

Outlook and guidance

• 2026 guidance: net sales above EUR 790 million (assuming copper at $11,500/ton), net-value sales above EUR 170 million, and adjusted EBITDA EUR 55–59 million, excluding IPO-related costs.

• Confident in achieving guidance at the higher end due to successful ramp-ups, robust order backlog, and strong demand.

• Operational focus in 2026 on efficiency, productivity, and maximizing existing capacity; incremental value from new capacity expected from 2027.

• No material exposure to Middle East conflict or raw material price volatility due to pass-through mechanisms.

• Expects net cash positive position in 2026 following IPO proceeds.