Milan, April 17, 2025 - The shareholders’ meeting of Italmobiliare S.p.A., held today in Milan, approved the distribution, for each share entitled, of a dividend of euro 0.90 per share, gross of the withholdings required by law. The dividend will be paid on May 7, 2025. Shares will be traded ex dividend on May 5, coupon no. 8; the record date will be May 6.
As required by current regulations, shareholders whose shares have not yet been dematerialized shall previously present their shares to an “Intermediary” for introduction into the centralized dematerialization management system.
This notice will be published tomorrow in the daily newspapers.

Milan, April 17, 2025 – The Shareholders' Meeting of Italmobiliare S.p.A. met today in the Meeting Room of Intesa Sanpaolo with participants representing 73.87% of the share capital.

The Shareholders' Meeting approved the 2024 financial statements, which closed with a profit of 104.8 million euro (51.6 in 2023) and a positive net financial position for the Parent Company of 273.8 million. The Shareholders' Meeting also approved the distribution of an ordinary dividend of 0.90 euro per share out of the profit for the year for 38,054,637.00 euros. The payment will take place on May 7, 2025, going ex-coupon on May 5, 2025 (with a record date of May 6, 2025).

The Meeting also approved the remuneration policy for 2025 and voted in favour of the compensation paid to directors, statutory auditors and key management personnel in 2024.

The Shareholders also renewed for the next 18 months the authorisation to buy and sell treasury shares for the following purposes: a) to set up a portfolio of securities that could be used to substitute or integrate financial resources, to carry out extraordinary corporate finance transactions, such as share exchanges or potential acquisitions, or to implement compensation plans based on financial instruments that could be approved in the future; and b) to carry out activities to stabilise and support the liquidity of the ITALMOBILIARE stock, favouring regular trading, including securities lending to support third-party liquidity providers, market makers and specialists. The proposed authorisation concerns a maximum of 1,000,000 shares (representing 2.353% of the shares that currently make up the share capital) for a maximum outlay of 35 million euro. The Company currently has 217,070 treasury shares in its portfolio, equal to 0.511% of the share capital.

The Company will be able to buy treasury shares in one or more tranches. Purchases will be made on the market in compliance with art. 144-bis, paragraph 1, letters b), and d-ter) of the Issuers Regulation, so as to allow compliance with the principle of equal treatment of shareholders, as required by article 132 of the CLF, and therefore (i) on regulated markets, according to the operating procedures established in the organisation and management regulations of Borsa Italiana, which do not allow direct matching of purchase proposals with predetermined sale proposals, or (ii) with the methods established by market practices allowed by CONSOB pursuant to article 13 of (EU) regulation no. 596/2014 from time to time in force, and in any case in accordance with the further provisions of the law and regulations applicable to this type of transaction.

Purchases will be made - in compliance with the conditions established in article 3 of the (EU) Delegated Regulation 2016/1052 of the Commission dated March 8, 2016 and other applicable rules - at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the current highest independent purchase offer on the Euronext STAR Milan, it being understood that this consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen percent) with respect to the reference price that the Italmobiliare share recorded in the stock market session of the day preceding each transaction.

The Company will be able to carry out disposals, also fractionally and without time limitations, of the Italmobiliare shares to be purchased or already purchased on the basis of previous shareholders' authorisations, according to the purposes and methods indicated above, providing the unit selling price (or in any case the unit value established in the context of the sale) is not lower than the average carrying price of the shares bought on the basis of the authorisation.

Milan, March 25, 2025 – The 2024 annual financial report according to art. 154 ter of the Consolidated Law on Finance (CLF), including the draft of the statutory financial statements and the consolidated financial statements, the directors’ report with the sustainability report, the due attestations prepared according to art. 154-bis, paragraphs 5 and 5 ter of the CLF, the reports of the Company’s independent registered public accounting firm and the board of statutory auditors, the annual report on corporate governance and ownership structure, and the report on remuneration policy and compensation paid prepared according to art. 123 ter of CLF, inclusive also of the information required by art. 84 bis of the CONSOB Issuers Regulation, have been filed with the Company’s registered office and are available on the authorized eMarket storage platform (www.emarketstorage.com) and through the Governance/Shareholders’ Meeting section of the Company's website at www.italmobiliare.it (https://www.italmobiliare.it/en/governance/shareholders-meeting).

Documents required by article 2429 of the civil code, paragraph 3 and 4, will be made available within the legal deadline at the registered office.

This notice on filing of the abovementioned documents will also be published tomorrow on daily newspapers.

Milan, March 14, 2025 – Italmobiliare S.p.A. announces that the notice of call of the ordinary shareholders’ meeting convened on April 17, 2025 is available to the public on the Company's website www.italmobiliare.it in the “Governance/Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting) and on the “eMarket Storage” platform at www.emarketstorage.com and it will be published tomorrow as an excerpt on daily newspapers.

The Board of Directors Report on all items in the agenda is also available to the public at the Company’s registered office, on the Company's website www.italmobiliare.it in the “Governance/ Shareholders’ Meeting” section (https://www.italmobiliare.it/en/governance/shareholders-meeting), and on the “eMarket Storage” platform at www.emarketstorage.com.

The proxy forms to attend the meeting, also through the Appointed Representative according to article 135 – undecies of the Consolidated Law on Finance, are also available in the same section of the Company's website and at the Company’s registered office.

Those entitled to vote at the ITALMOBILIARE S.p.A. (the “Company”) Shareholders' Meeting are hereby called to attend the Ordinary Shareholders' Meeting at a single calling on April 17, 2025, at 10.30 a.m., at the Intesa Sanpaolo Meeting Room, Piazza Belgioioso 1, Milan, to resolve on the following

Agenda

1. Financial statements for the year ended December 31, 2024.
2. Allocation of the profit for the year and distribution of the dividend.
3. Report on the Remuneration Policy and on the Compensation Paid, pursuant to art. 123-ter of the Consolidated Law on Finance: remuneration policy for 2025.
4. Report on the Remuneration Policy and on the Compensation Paid, pursuant to art. 123-ter of the Consolidated Law on Finance: consultation on the compensation paid in 2024.
5. Authorisation to buy and sell treasury shares, subject to revocation of the authorisation given by the Ordinary Shareholders' Meeting held on April 23, 2024.

The complete Notice of Call published on March 14, 2025 in the “Governance/ Shareholders’ Meeting” section of the Company’s website at www.italmobiliare.it/en (https://www.italmobiliare.it/en/governance/shareholders-meeting) and made available on the “eMarket Storage” platform at www.emarketstorage.com provides information related to a shareholder’s eligibility to participate in the Shareholders’ Meeting and exercise the right to vote, also through the representative appointed by the Company pursuant to art. 135-undecies of Consolidated Law on Finance, along with all other information required by law.

Italmobiliare closes another positive year: growth in turnover (+19.7%) and ebitda (+58.5%) at consolidated level. Cash reserves up to 273.8 million. Proposed dividend of 0.90 euro per share.

• At a consolidated level, the Group's turnover grew to 701.4 million euro (+19.7% compared with 2023) and gross operating profit (EBITDA) increased to 157.2 million (+58.5%).
• At an aggregate level, the revenue of the Industrial Portfolio Companies exceeds 1.5 billion euro, reaching 1,562 million (+8.6% compared with 1,438 million in 2023), with EBITDA rising to 219.3 million (+5%). In detail:
  • In the food sector, Caffè Borbone closed 2024 with revenue increasing to 334.5 million euro (+11.4%) and EBITDA equal to 67.5 million. Capitelli performed well, with revenue of 23.2 million (+3.7%) and EBITDA growing by 15.1% to 4 million.
  • Officina Profumo-Farmaceutica di Santa Maria Novella performed very positively, with revenue growing to 70 million euro (+24.6%) and EBITDA increasing to 19.2 million (+22.1%).
  • CDS-Casa della Salute continues its development trajectory through new openings and targeted acquisitions, closing the financial year with revenue and EBITDA both up 48%, to 63.2 and 7.5 million euro respectively.
  • Italgen, the Group's green energy company, closes a record year in terms of both production and profitability, with revenue and EBITDA increasing to 66.8 million and 31.9 million respectively.
  • SIDI reaps the first fruits of the brand relaunch process started with the entry into the Italmobiliare Group and closes the financial year with revenue up 33.1% to 31.7 million euro and a positive EBITDA of 0.4 million euro, up by 3.1 million euro.
• At December 31, 2024, the NAV of Italmobiliare S.p.A. has risen to 2,215.8 million euro. NAV per share is equal to 52.4 euro and, considering the distribution of dividends of 3 euro per share, records a positive performance of 6.4% compared with the figure at December 31, 2023.
• After the distribution of dividends for 126.9 million during the financial year, the net financial position of Italmobiliare S.p.A. is positive and equal to 273.8 million euro, an improvement of 69.5 million euro compared with 204.3 million at December 31, 2023, mainly due to the sale of shareholdings for approximately 150 million and the dividends collected from the investee companies.
• CDP Worldwide has raised Italmobiliare’s climate rating to A-, a result that rewards the decarbonisation strategy adopted in line with the Science Based Targets initiative.

The Board of Directors will propose to the next Shareholders' Meeting the distribution of a dividend of 0.90 euro per share.

Milan, March 6, 2025 – Today the Board of Directors of Italmobiliare S.p.A. reviewed and approved the consolidated financial statements and the draft separate financial statements of the Company at December 31, 2024. In light of the year's good results but considering the rapid evolution of an increasingly challenging geopolitical context, the Board of Directors will propose the distribution of a dividend of 0.90 euro per share (+12.5% compared to the ordinary dividend distributed in 2023, which was 0.80 euro per share).

In 2024, the Italmobiliare Group records positive trends linked to the development of its portfolio companies. At a consolidated level, the Group's turnover stands at 701.4 million euro, up 19.7% compared with 2023. The increase is mainly attributable to the excellent performances of Caffè Borbone, CDS - Casa della Salute, Officina Profumo-Farmaceutica di Santa Maria Novella, Italgen and SIDI Sport. Gross operating profit amounted to 157.2 million euro, 58.5% up on the same period last year.

Excluding treasury shares, Italmobiliare's Net Asset Value is equal to 2,215.8 million euro (2,201.4 million euro at December 31, 2023). NAV per share is equal to 52.4 euro and, considering the distribution of dividends of 3 euro per share, records a positive performance of 6.4% compared with the figure at December 31, 2023.

With regard to the valuation of the portfolio investments, it should be recalled that in February 2024 the stake in AGN Energia was sold, with a capital gain in the separate balance sheet of Italmobiliare S.p.A. of approximately 40 million euro and a money-on-money return of 1.8x. It should also be noted that during the year the financial investments in CRM Casa della Piada and FiberCop were realized.

Italmobiliare S.p.A. closed its 2024 financial statements with a profit of 104.8 million euro, more than double the 51.6 million euro of 2023, with an EBITDA of 105.1 million (+55.3% compared with 67.7 million in 2023), growing thanks also to the realization of the portfolio investments mentioned above. At December 31, 2024, Italmobiliare S.p.A.'s net financial position is positive and equal to 273.8 million euro, an improvement of 69.5 million euro compared with 204.3 million at December 31, 2023.

“In a challenging and constantly changing competitive context, Italmobiliare continues its development path with revenue and gross operating profit growing at consolidated level thanks to the good performance of the Group's main industrial platforms – commented Carlo Pesenti, CEO of Italmobiliare –. In 2025, we will focus on further developing our diversified portfolio of Italian industrial excellence, on the one hand supporting our companies in carefully monitoring production chains and international distribution channels, on the other hand providing them with the tools and resources necessary to intensify the path of organic and inorganic growth.”

CDP Worldwide, an international non-profit organization that collects and analyses environmental information from nearly 25,000 companies worldwide, has raised Italmobiliare’s climate rating to A-, an increase of three notches compared with the Holding Company’s previous rating. The result rewards the decarbonisation strategy adopted by Italmobiliare in line with the Science Based Targets initiative, which the Holding has adhered to by taking a commitment to halve its greenhouse gas emissions by 2030 and reaching net zero by 2050.

“In 2024 – underlines the Chairman, Laura Zanetti – we continued the path towards the net-zero emissions target by 2050, with a climate strategy aligned with the Paris Agreement, thanks to the guidance of the Science Based Targets initiative, which has already validated the targets of Italmobiliare, Italgen and Officina Profumo-Farmaceutica di Santa Maria Novella and is evaluating the proposals of the other Portfolio Companies. Furthermore, we have multiplied our efforts on all other strategic lines, from the promotion of a solid safety culture starting from management leadership to the development of human capital through professional growth, inclusion and gender equality. All this is based on solid governance, built on the highest global references, including the UN Global Compact, extended to the entire value chain.” 

Milan, December 17, 2024 – Carlo Pesenti resigned today as General Manager, but will continue to serve as the Company's Chief Executive Officer, maintaining full operational management and retaining his current powers, in addition to the new dual mandate granted to him by today's meeting of the Board of Directors to ensure full ESG integration in all phases of Italmobiliare's investments and to explore the initiatives to be undertaken to promote the international expansion of Italmobiliare and its subsidiaries.

At today's meeting, the Board of Directors of Italmobiliare S.p.A. acknowledged the decision communicated by Carlo Pesenti, which will take effect from January 1, 2025.

The Board of Directors resolved to assign the administrative powers previously held by the General Manager to the Head of Administration and Control and Financial Reporting, Mauro Torri.

Following a preliminary review by the Remuneration and Nominations Committee and after consulting the Committee for Transactions with Related Parties, the Board of Directors:

1. having taken note of Mr. Pesenti's decision to go into retirement, it being understood that December 31, 2024 will be his last day of employment;
2. having verified that Mr. Pesenti has accrued rights to participate in the short-term incentive system for the current financial year (MBO 2024), the disbursement of which will take place on approval of the draft 2024 budget, if the conditions are met;
3. having ascertained that Mr. Pesenti will retain the rights to participate in the 2023-2025 Phantom Stock Grant Plan assigned to him on May 10, 2023, the entitlements of which – if the conditions are met – will be paid in application of the specific provisions of the Plan, at the end of the reference period with the approval of the draft 2025 financial statements.

Mr. Pesenti will be paid the severance pay accrued in accordance with the provisions of law and his employment contract and he will maintain the non-monetary benefits associated with the position of CEO. No severance pay has been awarded to Mr. Pesenti in addition to the compensation provided by law and by contract.

These decisions were taken by the Board of Directors in accordance with the provisions of the Remuneration Policy adopted by Italmobiliare, as explained in the Report on the Remuneration Policy prepared pursuant to art. 123-ter of the Consolidated Law on Finance and approved by the Shareholders' Meeting held on April 23, 2024.

Milan, December 9, 2024 – Italmobiliare S.p.A. announces its annual calendar of corporate events for 2025.

BOARD OF DIRECTORS’ MEETINGS

• March 6, 2025 draft of statutory financial statements and consolidated financial statements 2024
• May 13, 2025 quarterly financial disclosure at 31 March 2025
• July 30, 2025 half year financial results at 30 June 2025
• November 11, 2025 quarterly financial disclosure at 30 September 2025

SHAREHOLDERS’ MEETING

April 17, 2025 approval of the 2024 statutory financial statements (single call)

The Group reported improved results in the first nine months of the year: growth at a consolidated level in both Revenue (+19.3%) and EBITDA (+65.9%). Net financial position positive and increasing to 276.8 million.

• The growth and development path of the Group's main companies has continued during the first nine months of the year. Consolidated revenue stands at 499.4 million euro (+19.3%) and EBITDA is up by 65.9% to 110.6 million.
• Looking at the pro-forma aggregate of the industrial Portfolio Companies, revenue (1,069.8 million euro, +7.8%) and EBITDA (146.3 million, +8%) are both up. Specifically:
  • Revenue is up 9.9% to 243.1 million euro for Caffè Borbone, which continues on its development trajectory in strategic channels, with a particularly positive performance in large-scale retail, online and foreign markets.
  • Officina Profumo-Farmaceutica di Santa Maria Novella has recorded revenue and EBITDA that have risen to 47.1 million (+25.5%) and 12 million (+28.2%) respectively, supported by an excellent performance on the part of retail (+42.6%), which grew in all geographies and benefited from the consolidation of the results of the subsidiary in Japan, and on the part of the e-commerce (+30.1%).
  • Italgen recorded an increase in energy production during the period to 305.3 GWh, up by more than 60%. EBITDA comes to 26.9 million euro, an all-time record for the company.
  • CDS-Casa della Salute's revenue has grown to 45.9 million euro, with an increase of 53% compared with the same period last year. EBITDA comes to 5.4 million euro, up by 71.1%.
• Over the period, the Group made significant strides in its decarbonisation efforts, guided by the Science Based Targets initiative methodology. Italmobiliare's short-term emissions reduction targets have already been approved, while Callmewine, Capitelli, and Officina Profumo-Farmaceutica di Santa Maria Novella have successfully defined and submitted their own short- and long-term greenhouse gas emissions reduction targets.
• At September 30, 2024, the Net Asset Value of Italmobiliare S.p.A., excluding treasury shares, stands at 2,141.2 million euro. NAV per share (excluding treasury shares) is equal to 50.6 euro and, in consideration of the distribution of dividends of 3 euro per share, shows an increase of 3% compared with what it was at December 31, 2023.
• The net financial position of Italmobiliare S.p.A. (available cash) is positive and has increased by 72.5 million euro, from 204.3 million euro (at December 31, 2023) to 276.8 million euro.

Milan, November 12, 2024 – The Board of Directors of Italmobiliare S.p.A. today approved the additional periodic financial information for the nine months ending September 30, 2024.

During the first nine months of the year, the Italmobiliare Group has turned in positive results linked to the development and continuous improvement in the efficiency of the Portfolio Companies. The Group's consolidated revenue stands at 499.4 million euro, up by 19.3% compared with the same period of 2023. EBITDA, equal to 110.6 million euro, is up by 65.9% mainly thanks to the good performances by Italgen, Officina Profumo-Farmaceutica di Santa Maria Novella, CDS-Casa della Salute and Italmobiliare.

Over the period, the Group made significant strides in its decarbonisation efforts, guided by the Science Based Targets initiative methodology. Italmobiliare's short-term emissions reduction targets have already been approved, while Callmewine, Capitelli, and Officina Profumo-Farmaceutica di Santa Maria Novella have successfully defined and submitted their own short- and long-term greenhouse gas emissions reduction targets.

Looking at the pro-forma aggregate of the Industrial Portfolio Companies, revenue has risen by 7.8% to 1,069.8 million euro. Aggregate EBITDA is up by 8%, coming in at 146.3 million euro.

Among the Portfolio Companies, in the food sector Caffè Borbone and Capitelli are growing in terms of revenue. Caffè Borbone's revenue is up by 9.9% and continues its development trajectory in strategic channels, with particularly positive performances in large-scale retail, online and foreign markets. EBITDA is down due to the record cost of the raw coffee beans, but the margin on sales remains above 20% for the nine months. In a difficult market context for the entire sector, Capitelli is still managing to grow in terms of both revenue (+5.1% to 17.2 million euro) and EBITDA (+32% to 3.2 million). Callmewine, on the other hand, is feeling the effects of the extreme uncertainty of the wine & spirits market, leading to a decline in revenue compared with the same period last year, whereas EBITDA is stable thanks to greater efficiency in the management of costs.

The development of Officina Profumo-Farmaceutica di Santa Maria Novella continues, with revenue up 25.5% to 47.1 million euro thanks to good performances on the part of all sales channels, retail in particular (+42.6%), following consolidation of the results of the subsidiary in Japan and the growth of all geographies in which the company already operates and e-commerce (+30.1%). EBITDA comes to 12 million euro, up by 28.2%.

CDS-Casa della Salute's revenue has grown to 45.9 million euro, with an increase of 53% compared with the same period last year. An excellent result thanks to the new openings and the good performance of the facilities opened or acquired before 2023, which achieved like-for-like growth of 17%. EBITDA comes to 5.4 million euro, up 71.1%.

Italgen recorded an increase in energy production during the period to 305.3 GWh, up by more than 60% compared with what it was in the same period last year; it is also higher than the historical averages. Revenue comes to 49.9 million euro and EBITDA is positive for 26.9 million euro, an all-time record for the company.

In the outdoor sector, SIDI confirms the positive effects generated by the brand relaunch plan initiated by Italmobiliare. Sales of both motorbikes and bicycles are growing, with good results in all markets and revenue up by 23.4% to 20.3 million euro. Tecnica Group has posted revenue of 328.9 million euro, down 7.8% compared with the same period last year, with positive EBITDA of 41.3 million euro.

ISEO has revenue of 111.6 million euro and EBITDA of 9.3 million euro, up in the third quarter compared with the same quarter of last year and recovering significantly compared with the first half of 2024, which was affected by the difficulties arising from implementation of the new information system.

Bene Assicurazioni's premium income has increased by 32.6%, reaching 198.2 million euro. An excellent result thanks to growth in the main sales channels and the increase recorded in all sectors in which the company operates.

Lastly, the Clessidra Group, a non-industrial Portfolio Company, closed the nine months with a positive intermediation margin of 27.7 million euro and an increase of 18.2% compared with the same period last year.

At September 30, 2024 Italmobiliare S.p.A.'s net financial position is positive and increasing by 72.5 million euro, going from 204.3 million euro (at December 31, 2023) to 276.8 million euro, thanks to the dividends collected from the subsidiaries and the proceeds deriving from the sale of the investment in AGN Energia and some other minor stakes.

The NAV per share (excluding treasury shares) at September 30, 2024 is equal to 50.6 euro and given the distribution of dividends of 3.0 euro per share, shows an increase of 3% compared with the same figure at December 31, 2023. Excluding treasury shares, the Net Asset Value of Italmobiliare comes to 2,141.2 million euro (2,201.4 million euro at December 31, 2023). Considering the distribution of 126.9 million euro of dividends during the year, the net performance is positive for 66.7 million euro.

Milan, August 6, 2024 - Italmobiliare S.p.A. announces that the Interim Report at June 30, 2024, has been filed, together with the report of the Independent Auditing Firm, with the Company’s registered office in Milan, Via Borgonuovo no. 20, and with the authorized storage platform eMarket Storage at www.emarketstorage.com, and it is available to the public on the Company’s website www.italmobiliare.it, under the Investor/Reports section (https://www.italmobiliare.it/en/investor/reports).

This notice on filing of the abovementioned documents will also be published tomorrow on daily newspapers.