PIERER MOBILITY (PKTM) investor relations material

Executive summary

• Completed a major restructuring, including insolvency proceedings for key subsidiaries, resulting in a significant restructuring gain of €1,193 million and a return to profitability with net income of €590 million for 2025.

• Revenue declined sharply by 46.3% year-over-year to €1,009 million due to reduced operating activities and inventory reductions.

• Bajaj Auto became the majority shareholder, acquiring 74.9% of shares and providing critical financial support.

• Strategic focus shifted to core motorcycle business, with exit from bicycle, MV Agusta, and X-BOW segments.

Financial highlights

• Revenue: €1,009 million (down 46.3% year-over-year).

• EBITDA: €874 million (up from -€481 million in 2024, driven by restructuring gain).

• EBIT: €748 million (up from -€1,184 million in 2024).

• Net income: €590 million (up from -€1,080 million in 2024).

• Earnings per share: €17.60 (up from -€29.30 in 2024).

• Equity ratio: 24.3% (up from -8.1% in 2024).

• Net debt: €798 million (down from €1,643 million in 2024).

• Free cash flow: -€34 million (improved from -€777 million in 2024).

Outlook and guidance

• 2026 will focus on continued restructuring, operational efficiency, and regaining market share.

• Further streamlining of structures and cost optimization planned.

• Market environment expected to remain challenging, but liquidity and financial stability are secured.