Star7 S.p.a · MIL:STAR7
Star7 — FY2025 Earnings Presentation
38 slides from Star7's earnings presentation, Mar 18, 2026
Slide 1: FY 2025 Financial Results
FY 2025 FINANCIAL RESULTS CONFERENCE CALL | 18 MARCH 2026
Slide 2: Disclaimer
Disclaimer This document (the "Document") has This Document is intended solely to The Document does not have the been prepared for the sole purpose of provide selected information to its nature of an opinion presenting the company STAR7 S.p.A. recipients and in no way constitutes a on financial, leg
Slide 3: Agenda
Company overview At a glance AGENDA Financial results Innovation&Sustainability Final remarks 3
Slide 4: Today's presenting team
Today’s presenting team Lorenzo Mondo Pierluigi Valletta Founder & Group CEO Chief Financial Officer 4
Slide 5: Company overview
STAR7 FY 2025 COMPANY OVERVIEW
Slide 6: STAR7: People of Content
STAR7: People of Content We create and manage product content and information, in all languages of the world. VISION We want to be the first point of reference for product content and information, blending talent, technology, data, virtual and physical, with the goal of helping companies to build th
Slide 7: Our global presence
Our global presence 31 1,400+ 16 Branches Employees Countries Albania, Argentina, Austria, Brazil, Denmark, Finland, France, Germany, India, Ireland, Italy, Netherlands, Serbia, Spain, Sweden, USA STAR7 STAR Group 7
Slide 8: STAR7 evolving into an end-to-end product information partner
STAR7 is evolving into an end-to-end product information partner, moving toward an AI-enabled Knowledge-as-a-Service model PAST PRESENT FUTURE 2000 Global Content: STAR Italia is founded INTEGRALE7 = “MORE THAN THE DOUBLE DOWN ON initially focused on localisation. As of today, SUM OF THE PARTS”: SEC
Slide 9: A global, diversified and fast-growing one-stop shop for product information lifecycle
A global, diversified and fast-growing one-stop shop for the product information lifecycle • PRODUCT INFORMATION LIFECYCLE MANAGEMENT GROUP NET REVENUES (EUR MN) GLOBAL CONTENT Approx. 85% from multi- Advanced language services annual contracts & 6.63x PRINTING framework agreements Printing, packagi
Slide 10: Integrale7 covering the entire value chain
7: Integrale covering the entire value chain A successful business model facilitating natural cross-selling of services Typical client product lifecycle Design Development Sales After Sales FY 2025 REVENUES BREAKDOWN BY TYPE OF SERVICE (EUR MN) STAR7 full coverage of the product information lifecycl
Slide 11: Our customers
Our customers Customer satisfaction drives repeat business 42% 16% 13% MOBILITY TECHNOLOGY LUXURY GOODS FY 2025 REVENUES BREAKDOWN BY TYPE OF CONTRACT MULTIANNUAL CONTRACTS AND & FRAMEWORK AGREEMENTS 30% PROJECT-BASED CONTRACTS 10% 7% 2% AEROSPACE & DEFENCE AGRICULTURE & MACHINERY & CONSTRUCTION EQU
Slide 12: At a glance
STAR7 FY 2025 AT A GLANCE
Slide 13: FY 2025 highlights
FY 2025 highlights REVENUES EBITDA / EBITDA ADJ* EBITDA MARGIN/ PROFIT NET DEBT EBITDA MARGIN ADJ* % FOR THE YEAR €116.1m €18.6m / €19.4m 16.0% / 16.7% €3.2m €21.1m -3.1% +3.0%, +3.5%* +90 bps, +100 bps* -13.7% - €11.6m vs FY 2024 vs FY 2024 vs FY 2024 vs FY 2024 Vs Adjusted NFP ADJUSTED PROFIT YE 2
Slide 14: FY 2025 Highlights
Solid growth in margins and profitability, strong cash generation and financial discipline confirm the Group’s successful approach in a fast-changing environment Resilient topline Revenues at €116.1 million, down 3.1% vs FY 2024, but stable on a FY 2025 like-for-like basis and at constant exchange r
Slide 15: Key achievements of 2025
Key achievements of 2025 Getting the most out of a high-quality client portfolio Greater focus on the most strategic clients provided: • Consistency to revenues • Strengthening of the offer in high-value added services while meeting the demand for specialised and training solutions • Improved margin
Slide 16: Financial results
STAR7 FY 2025 FINANCIAL RESULTS
Slide 17: FY 2025 revenues
FY 2025 revenues STABLE REVENUES ON A LIKE-FOR-LIKE BASIS REVENUES ADJ REVENUES* AND AT CONSTANT EXCHANGE RATES (data in €m) (data in €m) Following the fast pace of growth achieved in 140.0 140.0 FY 2024 (+14.8% vs FY 2023), revenues held almost steady in FY 2025 (on like-for-like basis and at 120.0
Slide 18: Revenues breakdown by region
Revenues breakdown by region STAR7 – an increasingly global company FY 2025 Brazil increased its weight in FY 2025 vs FY 2024, mainly driven by successful up-selling of services to a long-standing Tier-1 client. 6.7% Well over half of revenues are generated abroad. H1 2025 22.5% 7.0% 46.7% FY 2024 €
Slide 19: Revenues breakdown by services
Revenues breakdown by services Despite the discontinued projects, the Engineering service line reached 22.3% of Total Revenues in FY 2025 (up from 20.4% in FY 2024), driven by strong international performance, mainly in Brazil, where a leading automotive client provided a significant contribution to
Slide 20: FY 2025 EBITDA
FY 2025 EBITDA EBITDA EBITDA adjusted 19.0 (data in €m) 19.0 (data in €m) +3.5% Change % FY 2025 VS. FY 2024 17.0 17.0 15.0 15.0 INCREASED PROFITABILITY DRIVEN BY EFFICIENCY GAINS AND STRATEGIC FOCUS 13.0 13.0 11.0 11.0 In FY 2025, EBITDA posted dynamic growth against stable revenues. 9.0 9.0 EBITDA
Slide 21: FY 2025 EBITDA margin
FY 2025 EBITDA margin (data in €m) Accelerating margin recovery 20.0 18.6% 18.8 19.4 20.0% OPTIMISATION OF THE ENGINEERING 18.0 18.0% SERVICE LINE 16.0 16.7% Discontinuation of low-margin projects while enriching 16.0 15.5 16.0% 14.0% 15.7% STAR7’s portfolio with technically advanced 15.3% 14.0 14.0
Slide 22: Net Debt-to-EBITDA ratio
Net Debt-to-EBITDA ratio (data in €m) 40.0 4.50 Strong deleveraging fuelled 3.90 35.0 3.80 4.00 by cash generation 32,7* 37.8 CASH OUT 3.50 30.0 CAAR/STI 35.1 31.9 3.00 Net Financial Debt decreased to €21.1m 25.0 as at 31 Dec. 2025, reflecting higher cash 2.58 2.30 27.8 2.50 20.0 generation from ope
Slide 23: Financial sustainability
Financial sustainability Stronger financial profile at 2025 year-end. TOTAL €m Net debt down, no short-term refinancing needs 60.0 31.9 35.1 37.8 27.8 21.1 50.0 25.0 40.0 25.0 20.4 In FY25, cash flow generation drove the significant 25.0 29.0 25.2 reduction in the Net Financial Position. 30.0 20.0 1
Slide 24: Innovation & Sustainability
STAR7 FY 2025 INNOVATION & SUSTAINABILITY 24
Slide 25: What makes us unique?
What makes us 7AI is not just a technological initiative, but a cross-functional enabler of the entire unique? One service, many Integrale⁷ model. competitors. We manage, create, organise and localise all the All services, no rivals. product information our clients rely on. This gives us a unique an
Slide 26: The client's product information is our core expertise
The client’s product information is our core expertise 26
Slide 27: STAR7 is uniquely positioned to capture AI value
STAR7 is uniquely 1 Scarcity is moving to knowledge 2 STAR7 owns deep industrial knowledge at scale positioned to capture ▪ In the industrial future, technology won’t be scarce ▪ More then 1,000 experts AI value — reliable knowledge will embedded in customers’ products ▪ AI creates value only when a
Slide 28: ESG performance in FY25
ESG performance in FY25 Main achievements in the 2025 Sustainability Report include: 17.6 Total training hours for employees 70.0 60.0 63.1% 1,418 employees at YE 2025 37% Women in workforce | 30% women in management 50.0 40.0 35% Under 30 employees 30.0 20.0 1460 tCO2e Scope 1+2 emissions (+20% vs
Slide 29: Sustainability
Sustainability STAR7 continues to enhance its ESG framework in response to increasing stakeholder expectations, including transparent reporting, supplier ESG assessments and international sustainability standards. Launch of supplier ESG assessment programme involving The 2025 Sustainability Report w
Slide 30: Final remarks
STAR7 FY 2025 FINAL REMARKS
Slide 31: 2026 – Next steps
2026 – Next steps In 2026, we will continue to We now have a well-structured deliver on long-term strategy platform upon which to build the next stage of growth with a clear focus on: We can leverage a proven business model, which ensures Strengthening our presence in key markets consistent through-
Slide 32: STAR7 Vision
STAR7 Vision Enabling our clients to unlock the benefits of Gen-AI AI strategy acceleration and 7AI scaling: broader tech coverage and deeper AI integration across service lines, stronger AI-driven go-to-market with PoCs and scaling projects, and expansion of the 7AI service line in language technol
Slide 33: Thank you
THANK YO STAR
Slide 34: Appendix
STAR7 FY 2025 APPENDIX
Slide 35: Adjusted, consolidated and reclassified Income statement
Adjusted, consolidated and reclassified Income statement (data in €/000) 31/12/2025 31/12/2024 Reported data Adjusted data STAR7 Var. Var. Var. Var. STAR7 Group Reorganization costs Goodwill amortization Adjusted Reorganization costs Goodwill amortization Adjusted Group in € in % in € in % Net reven
Slide 36: Income statement
Income statement (data in €) INCOME STATEMENT 31/12/2025 31/12/2024 Change Change % Net revenues 116.147.425 119.824.608 -3.677.182 -3,1% Other revenues 956.608 1.445.194 -488.586 -33,8% Change in inventories and increases in fixed assets 117.516 -127.396 244.912 -192,2% External costs 50.544.597 53
Slide 37: Balance sheet
Balance sheet (data in €) BALANCE SHEET 31/12/2025 31/12/2024 Change Change % Net intangible assets 34.416.783 33.804.372 612.412 1,8% Net tangible assets 10.373.963 10.902.322 -528.359 -4,8% Equity holdings and other financial investments 463.297 434.141 29.156 6,7% Fixed assets 45.254.043 45.140.8
Slide 38: Cash Flow Statement
Cash Flow Statement 31/12/2025 31/12/2024 31/12/2025 31/12/2024 A. CASH FLOW FROM OPERATIONS (INDIRECT METHOD) B. CASH FLOW FROM INVESTING ACTIVITIES Net profit (loss) 3.217.430 3.726.764 Tangible assets Income taxes 2.770.437 2.301.846 (Additions) -1.014.398 -3.685.484 Financial charges/(income) 3.