SUCCESSFUL FIRST HALF OF 2026 WITH A SIGNIFICANT RISE IN EARNINGS

• Operational strength at the Ranshofen site and favourable market conditions for the aluminium smelter interest in Canada enabled successful business performance
• Revenue grew by +8.2% to EUR 850.7 million (H1/2025: EUR 786.2 million), driven by higher shipment volumes and aluminium prices
• EBITDA rose by +25.4% to EUR 101.1 million, underlining the AMAG Group’s strong profitability (H1/2025: EUR 80.6 million); EBITDA margin improved to 11.9% (H1/2025: 10.3%; +1.6 pp)
• Net income after taxes grew by +73.7% to EUR 40.7 million (H1/2025: EUR 23.4 million)
• Outlook for 2026: Full-year EBITDA range of EUR 170 to 190 million

NEW GROUP SPOKESPERSON FOR AMAG AUSTRIA METALL AG

Christoph M. Gabriel assumed the role of Group Spokesperson for the AMAG Group in mid-June, in addition to his existing responsibilities as Commercial Managing Director of the Metal Division and Head of Investor Relations and Issuer Compliance.

STRONG FIRST QUARTER OF 2026 WITH SIGNIFICANT INCREASE IN EARNINGS

• Encouraging performance across all operating divisions of the AMAG Group, with a positive contribution to earnings from the Canadian aluminium smelter interest Alouette
• Significant improvement in earnings achieved alongside a slight increase in revenue of +0.6% to EUR 403.8 million (Q1/2025: EUR 401.4 million)
• EBITDA increased to EUR 57.1 million (+23.9% compared to a strong Q1/2025: EUR 46.1 million)
• Net income after taxes rose to EUR 26.5 million (+63.8% compared to Q1/2025: EUR 16.2 million)
• Operating cash flow of EUR -8.4 million especially reflects a volume- and price-related increase in working capital (Q1/2025: EUR 51.1 million)
• Outlook for 2026: Positive development compared with the previous year anticipated across all AMAG divisions. EBITDA range of EUR 150 million to EUR 180 million for the full year 2026

AMAG AND PILATUS STRENGTHEN PARTNERSHIP WITH NEW MULTI-YEAR AGREEMENT

AMAG Austria Metall AG and Pilatus Flugzeugwerke AG are taking their partnership, which has grown over more than a decade, to a new level with the conclusion of a new multi-year agreement. The agreement strengthens the long-term cooperation between the two companies and lays the foundation for an expanded use of AMAG products across various Pilatus programs.

AMAG AUSTRIA METALL AG DECIDES ON CEO SUCCESSION

• CEO Hon.-Prof. Priv.-Doz. Dr. Helmut Kaufmann (63) to step down from the Management Board after nearly 19 years, effective 30 April 2026. 
• New CEO: Current Chief Sales Officer Victor Breguncci (51), MBA, will assume the position of Chief Executive Officer, effective 1 May 2026. 
• CFO Mag. Claudia Trampitsch (48) has been reappointed as Chief Financial Officer ahead of schedule for another three years, effective 1 January 2027 
• AMAG manager Dr. Alexander Moser‑Parapatits (40), currently Head of “Strategy & Corporate Development”, will be newly appointed to the Management Board as Chief Strategy & Innovation Officer (CSIO), effective 1 May 2026. 

STRONG OPERATING PERFORMANCE ENABLED SOLID BUSINESS PERFORMANCE IN 2025

• Operational strength, consistent cost management and tailwinds from the Canadian aluminium smelter interest supported revenue and earnings trends
• Revenues grew by +2.1% to EUR 1,478.5 million (2024: EUR 1,448.8 million)
• EBITDA at EUR 137.0 million – despite challenging conditions, especially for the Ranshofen site (-23.5% compared to 2024: EUR 179.2 million)
• Net income after taxes of EUR 34.0 million (-21.3% compared to 2024: EUR 43.2 million), earnings per share at EUR 0.96 (2024: EUR 1.23)
• Operating cash flow recorded growth of +41.3% to EUR 168.1 million and free cash flow grew +262.5% to EUR 115.3 million (2024: EUR 119.0 million and EUR 31.8 million respectively)
• Dividend proposal of EUR 0.75 per share (2024: EUR 1.20 per share)
• Outlook for 2026: Specific EBITDA forecast for 2026 currently not possible; positive signals visible in the market

AMAG RECEIVES €75 MILLION EIB LOAN FOR CUTTING-EDGE RESEARCH AND DEVELOPMENT

• EIB provides €75 million loan to Austrian aluminium producer AMAG for research, digital and green advances
• Credit represents first EIB operation in Austria under TechEU programme
• Financing to strengthen Europe’s industrial base and supply of critical raw materials

ALUREPORT ISSUE 03/2025

AMAG AUSTRIA METALL AG: EARNINGS PERFORMANCE IN Q3/2025 DEMONSTRATES HIGH RESILIENCE IN A PERSISTENTLY DIFFICULT ENVIRONMENT

• Rapidly implemented measures enabled largely stable earnings development in Q3/2025 and supported performance in the first nine months
• Revenues recorded growth of +5.4% to EUR 1,137.0 million (Q1-Q3/2024: EUR 1,078.7 million) due to higher aluminium prices
• At EUR 114.2 million, EBITDA already exceeds the lower end of the range communicated for the full year 2025 (-22.6% compared to Q1-Q3/2024: EUR 147.6 million)
• Net income after taxes at EUR 33.8 million (-37.7% compared to Q1-Q3/2024: EUR 54.3 million)
• Cash flow from operating activities recorded a growth of +23.3% to EUR 134.8 million (Q1-Q3/2024: EUR 109.3 million)
• Outlook for the 2025 financial year: EBITDA expected to be at the upper end of the communicated range (EUR 110 million to EUR 130 million), although experience shows that valuation effects can have a noticeable impact
   

FOUR-TIME PLATINUM RECOGNITION FOR SUSTAINABILITY: AMAG’S HOLISTIC APPROACH ONCE AGAIN PLACES IT AMONG THE GLOBAL INDUSTRY LEADERS

AMAG Austria Metall AG, headquartered in Ranshofen, Upper Austria, has once again been awarded the highest ESG rating, - Platinum status -, by EcoVadis, a leading, independent global platform for ESG (Environment, Social, Governance) ratings. This is the fourth consecutive year that AMAG has achieved this distinction, placing the company once again among the top 1% of rated enterprises worldwide in the “Precious Metals and Non-Ferrous Metals” category.

AMAG AUSTRIA METALL AG: MANAGEMENT BOARD MANDATE OF CSO VICTOR BREGUNCCI EXTENDED

At its meeting on September 17, 2025, the Supervisory Board of AMAG Austria Metall AG resolved to extend the contract of Chief Sales Officer Victor Breguncci, MBA, until May 31, 2029. 

AMAG RECEIVES HIGHEST RECOGNITION FOR QUALITY AND DELIVERY RELIABILITY FOR THE FOURTH CONSECUTIVE TIME

• AMAG has once again received the highest quality award from Airbus as part of an international supplier program – for the fourth time in a row
• This award is part of the Airbus SQIP (Supply Chain & Quality Improvement Program) and confirms AMAG’s fulfillment of the highest standards in quality, on-time delivery, and project management

AMAG AUSTRIA METALL AG: BROAD SET-UP ENABLED SOLID HALF-YEAR RESULTS 2025

• H1/2025 reflects, as expected, the negative impact of the trade policy-influenced economic environment on earnings since Q2/2025
• Revenues grew by +11.1% to EUR 786.2 million as a result of higher aluminium prices and increased shipment volumes (H1/2024: EUR 707.7 million) 
• EBITDA of EUR 80.6 million increasingly affected by US tariffs and higher energy, raw material and personnel costs (-15.4% compared to H1/2024: 
• EUR 95.3 million)
• Net income after taxes at EUR 23.4 million (-29.9% compared to H1/2024: 
• EUR 33.4 million)
• Cash flow from operating activities of EUR 76.2 million roughly on par with the previous year (H1/2024: EUR 75.7 million)
• Outlook for 2025: Adjustment of the EBITDA range for the full year 2025 to EUR 110 million to EUR 130 million as a result of the changed conditions
• Ausblick 2025: Anpassung der EBITDA-Bandbreite für das Gesamtjahr 2025 auf 110 Mio. EUR bis 130 Mio. EUR infolge der veränderten Rahmenbedingungen

AMAG AUSTRIA METALL AG: TREND-SETTING ELECTRICITY CONTRACT FOR ALOUETTE SMELTER IN PREPARATION

• Agreement on framework conditions for new long-term electricity contract between Alouette smelter, Québec government and state-owned electricity provider Hydro-Québec
• New electricity contract to enable the purchase of a total of 1,085 MW from 01 January 2030 to the end of 2045 at competitive prices
• Essential basis for profitable further development of the largest aluminium smelter in North and South America
• Existing electricity contract expires as planned at the end of 2029

AMAG AUSTRIA METALL AG: GOOD EARNINGS IN THE FIRST QUARTER OF 2025

• Q1/2025 benefited from volume increases in the Rolling Division as well as higher aluminium prices and premiums in the Metal Division
• Revenues grew by around +20% to EUR 401.4 million due to price and volume factors (Q1/2024: EUR 335.8 million)
• EBITDA increased by around +9% to EUR 46.1 million (Q1/2024: EUR 42.4 million)
• Net income after taxes of EUR 16.2 million, up around +22% on the previous year (Q1/2024: EUR 13.3 million)
• Cash flow from operating activities up by over +40% to EUR 51.1 million (Q1/2024: EUR 35.6 million)
• Outlook 2025: Q1 still insignificantly affected by US tariffs (25% in force since 12 March 2025). Increasing negative effects will become apparent from 2/2025. From today's perspective, full-year EBITDA of EUR 110 million to EUR 140 million can be achieved 

AMAG AUSTRIA METALL AG: DIVIDEND OF EUR 1.20 PER SHARE AND CHANGES TO THE SUPERVISORY BOARD APPROVED

•  Annual General Meeting approves all items on the agenda
• Dividend of EUR 1.20 per share resolved
• Alessandro Dazza elected as new Chairman of the Supervisory Board

AMAG AUSTRIA METALL AG HONORED WITH COMAC'S "SUPPLIER OF THE YEAR AWARD”

AMAG Austria Metall AG has been awarded the "Win-Win Cooperation Award" as 2024 Supplier of the Year by the Commercial Aircraft Corporation of China Ltd. (COMAC) at this year’s COMAC Supplier Conference in Xi’an, China.

AMAG AUSTRIA METALL AG: GOOD EARNINGS IN THE 2024 FINANCIAL YEAR IN A CHALLENGING ENVIRONMENT

• Consistent execution of the AMAG strategy and tailwind from the Canadian aluminium smelter enabled a good revenue and earnings performance in a persistently difficult environment in Europe
• Revenues of EUR 1,448.8 million approximately at the previous year's level (2023: EUR 1,459.2 million)
• EBITDA of EUR 179.2 million at the upper end of the communicated EBITDA range (2023: EUR 188.4 million)
• Net income after taxes at EUR 43.2 million despite impairment losses (2023: EUR 66.4 million)
• Strong cash flow from operating activities of EUR 119.0 million (2023: EUR 180.9 million)
• Proposed dividend of EUR 1.20 per share
• Outlook 2025: Earnings forecast in the form of an EBITDA range premature due to uncertain market and economic developments