Reply (REY) investor relations material

Executive summary

• Revenue increased by 6.2% year-over-year to €645.0 million in Q1 2026.

• EBITDA rose to €112.0 million (17.4% margin), up from €105.3 million (17.3%) in Q1 2025.

• EBIT increased to €95.1 million (14.7% margin) from €88.7 million (14.6%) year-over-year.

• Net financial position improved to €643.0 million as of March 31, 2026, up from €467.6 million at year-end 2025.

• Employee count grew 6.4% year-over-year to 17,090.

Financial highlights

• Income before taxes (EBT) rose 14.8% to €99.8 million (15.5% margin).

• Cash and cash equivalents reached €742.7 million at quarter-end.

• Operating costs totaled €532.9 million, representing 82.6% of revenues.

• Purchases decreased by 25.2% year-over-year, while personnel costs rose 10.0%.

• Investments for Q1 2026 totaled €16.23 million.

Segment performance

• Region 01 revenue grew 6.9% year-over-year, with EBITDA up 7.5% and margin at 19.3%.

• Region 02 revenue increased 0.8%, but EBITDA declined 11.3% and margin fell to 13.7%.

• Region 03 revenue rose 8.3%, EBITDA surged 24.6%, and margin improved to 12.4%.

• Revenue by business line: Technologies 59.4%, Applications 31.9%, Processes 8.7%.

• Revenue by region: Region 1 (62.4%), Region 2 (18.3%), Region 3 (19.3%).