DYWIDAG Financial Interim Results H1 2026 Announcement

Continued strong financial performance and record order book

DYWIDAG, a specialist engineering business providing products and services to stabilize ground;
create, strengthen and support concrete structures; and monitor the structural health of critical
infrastructure, announces its ½ year results for the year ended 31 December 2026 ("the period").

Financial Highlights

Key points

• A strong financial performance with revenue, cash balances and adjusted operating profit all ahead of prior year.
• Group revenue increased year on year by 7.8% in Q2 and 0.9% to €198.9m in H1.
• Group adjusted operating profit in H1 increased by 21.0% to €12.8m.
• Group order book increased to €358.1m (FY25: €235.8m) underpinned by long-term framework positions, particularly in the renewables sector providing post-tensioning services for the construction of wind towers.
• In July, the group carried out a successful tap of its existing bond facility for €50m and on the 8th July 2026 completed the acquisition of Interspan which will add revenues of c. 80m and 12m+ EBITDA profit contribution on a pro-forma basis in 2026.
• Operating cash generation and Net cash balances of €52m were above expectations.

Operational Highlights

• HSE performance was maintained in terms of lost time incident rates and improved in terms of incident frequency rates. We continue to implement our Zero Harm program.
• Revenues and profitability increased driven by strong performance in Europe and high activity in installing post tensioning in Wind Towers.
• Approximately €200m of project opportunities are currently under negotiation.
• Our relocation of the Bolingbrook and Toughkenamon plants to Pottstown in Pennsylvania has been completed and is delivering lower manufacturing costs and increased revenues.
• Our business in Saudi Arabia has been negatively aƯected by the US / Iran conflict, leading to
  significantly reduced revenues. The impact of increased oil prices has been largely absorbed in Q2 and is reflected in our current trading results.
• The 2nd phase of our transformation of US manufacturing facilities will start in September 2026 with the relocation of our manufacturing plant in California to Las Vegas and investment in more efficient automated equipment.

Outlook

• Record order backlog should underpin revenues in 2026.
• Clear visibility of material new growth opportunities in renewables, repair and strengthening and energy transmission markets.
• Our global geographic footprint, exposure to different sectors and service line mix should
  continue to ensure financial resilience despite the impact of the Iran conflict.
• Interspan should make a material contribution to group profitability and cash generation in
  2026

Hugh Pelham, CEO of DYWIDAG, commented

"Our implementation of key strategic growth initiatives in the renewable energy sector is on track. We have agreed a 40m contract extension with Nordex Acciona and have significant bid opportunities in Saudi Arabia and Asia in the renewables sector.

We have established a new manufacturing facility / distribution centre in the USA, Pennsylvania, which is now fully operational and will enable growth in North America. We will commence the second phase of our manufacturing transformation in the US in September.

We continue to execute on our strategy of focusing on our core business. The completion of the acquisition of Interspan creates a +500m revenue and +50m EBITDA business with a strengthened geographic coverage and service portfolio.

I am confident the positive momentum will continue in 2026/27."

About DYWIDAG Group

• DYWIDAG is a specialist engineering business providing products and services to stabilize ground and to construct or strengthen concrete or steel structures. The company also provides infrastructure monitoring services.
• The business was founded in 1865 and is headquartered in Munich.
• The main service lines are post-tensioning systems, geotechnical products for ground support, stay cables systems, repair and strengthening of concrete structures and infrastructure monitoring solutions.
• Key customers are companies in the infrastructure, energy, and residential/commercial building industries.

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