Earnings release
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H1 2026 Results 30 July 2026 Audited accounts MAIN HIGHLIGHTS • Backlog: €13.9 billion • H1 2026 order intake: €5.9 billion, of which 130 million in services contracts • H1 2026 sales: €3,061 million (+12% vs. H1 2025) • H1 2026 EBIT: €104 million (-13% vs. H1 2025), with a 3.4% margin over sales (vs. 4.4% in H1 2025) o A €45 million provision as best cost estimate related to Middle East events impact was included at Q1 2026 results and remains unchanged as of H1 2026 results o Q2 2026 EBIT: €73 million (+14% vs. Q2 2025), with a 5.0% margin over sales • H1 2026 underlying EBIT: €149 million (+24% vs H1 2025), a 4.9% margin over sales • H1 2026 net profit: €59 million, in line with H1 2025 figure • H1 2026 net cash position: €344 million at the end of June 2026 Juan Lladó, Técnicas Reunidas’ Executive Chairman, commented: “The first half of 2026 has confirmed the strength and resilience of Técnicas Reunidas’ business model. Despite the challenges experienced in the Middle East, we delivered record revenues, strong profitability and robust cash generation. At the same time, w e continued to secure major strategic projects that reinforce our medium- and long-term growth strategy. In the Middle East, project execution is progressively returning to normal operating conditions, while client payments continue to be received on schedule. Accordingly, the €45 million provision recognized in the first quarter remains appropriate, and we remain comfortable with this position. Our commercial performance during the first half of the year has been exceptional. We have already secured €6 billion in new orders, including the largest contract ever awarded to Técnicas Reunidas as a sole contractor. We now expect total order intake for 2026 to exceed €8 billion, further strengthening our record backlog and providing outstanding visibility for future growth. Beyond our leadership in the Middle East, we are making significant progress in the strategic areas that will shape the future of Técnicas Reunidas. Power generation and North America are emerging as two key growth engines and are expected to become increasingly important contributors to our revenues in the years ahead. At
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H1 2026 Results Audited accounts 2 the same time, our growth strategy remains firmly focused on profitability. The continued expansion of our services business, together with our Digitalization, Artificial Intelligence and Robotics capabilities, offers attractive opportunities to enhance margins and create additional value for our clients. We are excited about the future of Técnicas Reunidas. The fundamentals of our industry remain highly supportive, with global demand for energy and power infrastructure continuing to grow at a rapid pace. Today, Técnicas Reunidas is stronger, more diversifi ed and better positioned than ever to seize the many opportunities ahead and deliver sustainable, profitable growth for our shareholders.” H1 2026 RESULTS SUMMARY Técnicas Reunidas (hereinafter referred to as “TR”) has achieved the following figures: • Backlog stood at €13.9 billion, while order intake reached €5.9 billion, where engineering services contracts represented €130 million. Notable awards include the 2 packages of an oilfield project in Middle East for ADNOC and Exxon, the Greenlight Electricity Centre in Canada and several engineering services contracts including the EPmCm for ArcelorMittal for its steel facility in Dunkirk or several FEEDs, pre-FEEDs and feasibility studies in North America, Europe and Middle East. • Sales reached €3,060.8 million in H1 2026, a 12% increase versus H1 2025. • EBIT in H1 2026 stood at €104.2 million, down 13% versus H1 2025. This figure includes a €45 million provision , as best cost estimate related to the impact of events in the Middle East, that was included at Q1 2026. With project execution progressively normalizing in the Middle East, management has concluded that the provision recorded in Q1 2026 remains appropriate and has therefore been maintained unchanged in the H1 2026 results . Excluding this provision, Highlights € million Backlog (1) 13,938 12,989 7% 10,553 Net Revenues 3,061 2,744 12% 6,466 Underlying EBIT 149 120 24% 291 Margin 4.9% 4.4% 4.5% EBIT (1) 104 120 -13% 291 Margin 3.4% 4.4% 4.5% Net Profit (2) 59 59 0% 156 Margin 1.9% 2.2% 2.4% Net Cash Position (1) 344 422 -18% 332 (2) Profit for the year from continuining operations (1) Figures classified as Alternative Performance Metrics ("APMs"). See appendix. H1 2025H1 2026 2025Variation
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H1 2026 Results Audited accounts 3 underlying EBIT would have reached € 149.2 million, corresponding to a 4. 9% margin. Q2 2026 EBIT stood at €73.2 million, lifting margin over sales to 5.0%. • Net profit for H1 2026 reached €59.1 million, which implies a figure in line with the same period of last year. • Net cash position at the end of June 2026 amounted to €343.8 million, growing from €246.7 million (ex-SEPI) at the end of June 2025, reflecting the robust cash generation achieved by TR in this period. When including the SEPI loan at the end of June 2025, the net cash position stood at €422 million. OUTLOOK AND GUIDANCE FOR 2026 As a result of the €45 million provision recorded in relation to the extraordinary impact of the Middle East conflict, the profitability on 2026 guidance is presented on an underlying basis, excluding this impact. In this context, the company currently guides for 2026: • Sales above €6.5 billion • Underlying EBIT margin above 5% • Underlying EBIT above €325 million Webcast results details TR will hold a conference call on 30th July at 16:00 CEST. It can be accessed through the link in its homepage: http://www.tecnicasreunidas.es/en/
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H1 2026 Results Audited accounts 4 BACKLOG & ORDER INTAKE Backlog Backlog 13,938 12,989 7% 10,553 Order intake 5,873 3,815 54% 5,060 € million H1 2025H1 2026 2025Variation Project Country Client Hassi Messaoud refinery Algeria Sonatrach Hydrotreatment and hydrogen units Argentina YPF Vaca Muerta Argentina VMOS Sitra refinery Bahrain BAPCO Environmental enhancement Chile ENAP Al Zour refinery Kuwait KNPC Minatitlán refinery Mexico Pemex Duqm refinery Oman DRPIC Exxon Mobil refinery Singapore Exxon Mobil Lower Zakum UAE ADNOC Offshore Undisclosed name UAE ADNOC & Exxon FEED for clean fuels plant Undisclosed Undisclosed Project Country Client Cogeneration plant Canada Suncor Greenlight Electricity Centre Canada Pembina, MSIP & Kineticor Regasification terminal Germany Hanseatic Energy Hub Combined cycles Mexico CFE Power projects Middle East Acwa Power & Undisclosed client North Field package 3 Qatar Qatargas North Field package 4 Qatar Qatargas Balance of Plant Qatar QatarEnergy Marjan Saudi Arabia Aramco Haradh Saudi Arabia Aramco Riyas Saudi Arabia Aramco Jafurah III Saudi Arabia Aramco Dalma UAE ADNOC Adgas UAE ADNOC LNG Meram UAE ADNOC Project Country Client Ethylene plant Belgium INEOS Silleno Kazakhstan KazMunayGas Petrochemical complex Poland Orlen Ceyhan Turkey Rönesans / Sonatrach Project Country Client FEED for a green ammonia plant Middle East ACWA Power 2G biofuels plant Spain Cepsa Electrification of complexes Spain and Portugal Repsol Project Country Client Bu Hasa UAE ADNOC Onshore Most representative projects in the backlog Upstream & Refining Natural Gas Petrochemicals Low Carbon Technologies Other
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H1 2026 Results Audited accounts 5 The backlog breakdown by business segments is the following: Upstream & Refining accounts for 64%, Natural gas comprises 29%, Petrochemicals covers 7%, Low carbon technologies amounts to less than 1% and the rest, corresponds to Other projects, with very low weight in the backlog. Order intake Order intake during H1 2026 reached €5.9 billion: o In June 2026, TR was awarded two major packages by ADNOC and Exxon for the development of the world’s second-largest offshore oil field. Acting as the sole EPC contractor, TR will be responsible for the engineering, procurement and construction of the upstream facilities. The total contract value exceeds €5 billion. o In July 2026, TR was awarded the Greenlight Electricity Center project, a contract for a power plant to supply energy to a large META Data Center and Artificial Intelligence facility in Alberta, Canada. The development of this combined-cycle gas power plant will be carried out by the consortium formed by TR and Aecon and was awarded by Greenlight Electricity Center Limited Partnership , a partnership formed by Pembina Pipeline Corporation, Morgan Stanley Infrastructure Partners, and Kineticor Asset Management. The plant, with a capacity of 932 MW, is designed to incorporate carbon capture systems and could double its capacity to 1,864 MW in the future. Greenlight is the first project undertaken by T R as part of its strategy to enter the data center market for hyperscalers - service providers that operate in the cloud through large data centers - with META among the most important. The project, valued at 570 million euros, will be carried out by TR Power and its scope includes engineering, procurement, commissioning, and start -up of the power plant. Construction activities for the project will be carried out by Aecon, a local partner of T R and one of North America’s leading construction and infrastructure companies. In fact, this contract was awarded following a preliminary phase in which T R and Aecon provided engineering services, among others, for the early stages of the project. The plant is expected to begin operations in the second half of 2030. Furthermore, in line with SALTA’s strategy, TR continues to secure attractive engineering service contracts , including feasibility studies, pre -FEEDs and FEED. During H1 2026 , TR was awarded €130 million in engineering service contracts. Notable awards include: o The Phase 2 of Coastal GasLink project for LNG Canada. TR will carry out the FEED engineering design services for this project located in British Columbia, Canada.
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H1 2026 Results Audited accounts 6 The award of this contract follows the work already performed by T R in an earlier phase of the project, during which it provided consulting and engineering services. The project includes the development of five additional compressor stations and modifications along the existing Coastal GasLink pipeline route. This award is part of the reinforcement of TR’s presence in North America, one of the main pillars of SALTA. o The decarbonization services for ArcelorMittal of its steel facility in Dunkirk. A consortium comprising TR and IDOM will develop the engineering, procurement and construction management (EP mCm) for the transformation and decarbonization of the ArcelorMittal’s steel facility in Dunkirk (France). The contract will comprise project management, detailed engineering, procurement, construction, commissioning, and testing at the steelmaking plant, including the development of a 2-million-ton electric arc furnace (EAF) and a ladle furnace (LF) for secondary refining . They will produce steel with three times less CO2 than through the blast furnace route. This contract builds on work previously carried out by T R, in consortium with IDOM, during earlier phases of the project, under which consultancy and engineering services were provided through a FEED contract.
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H1 2026 Results Audited accounts 7 H1 2026 RESULTS Revenues Net revenues reached €3,060.8 million in H1 2026, a 12% increase versus H1 2025. The net revenues breakdown is as follows: • Sales from the Upstream & Refining segment reached €792.4 million in H1 2026 and represented 25.9% of total sales. The most relevant projects in this business line are the Lower Zakum project for ADNOC Offshore, the Hassi Messaoud development for Sonatrach and Vaca Muerta project for YPF. • Sales from the Natural gas segment reached €1,757.8 million in H1 2026 and represented 57.4% of total sales. The most relevant projects in this business line are Riyas and Jafurah projects for Aramco, MERAM for ADNOC, the North Field packages 3 and 4 for Qatargas and the Power projects in Middle East. Net Revenues 3,060.8 2,744.1 12% 6,465.9 Other Revenues 5.4 7.2 18.4 Total Income 3,066.2 2,751.3 6,484.3 Raw materials and consumables -2,263.4 -2,053.2 -4,985.9 Personnel Costs -413.5 -364.0 -731.0 Other operating costs -220.0 -194.5 -437.7 Extraordinary provision -45.0 0.0 0.0 EBITDA 124.3 139.6 -11% 329.7 Amortization -20.0 -19.2 -38.7 EBIT 104.2 120.4 -13% 291.1 Financial Income / expense -19.1 -29.4 -52.7 Share in results obtained by associates -0.8 -0.1 -0.1 Profit before tax 84.4 90.9 -7% 238.3 Income taxes -25.3 -31.8 -81.9 Profit for the year from continuining operations 59.1 59.1 0% 156.4 Profit (loss) from discontinued operations 0.0 0.0 0.0 Profit for the year 59.1 59.1 0% 156.4 Non-controlling interests -0.2 0.9 -0.3 Profit Attibutable to owners of the parent 59.3 58.2 2% 156.7 € million 2025VariationH1 2026 H1 2025 Upsream & Refining 792.4 25.9% 235.3% 236.3 8.6% 802.9 12.4% Natural gas 1,757.8 57.4% -12.7% 2,012.5 73.3% 4,244.1 65.6% Petrochemicals 458.4 15.0% 15.0% 398.5 14.5% 1,238.2 19.1% Low carbon technologies 40.4 1.3% -46.0% 74.8 2.7% 122.9 1.9% Other 11.8 0.4% -46.3% 22.0 0.8% 57.8 0.9% Net Revenues 3,060.8 100% 11.5% 2,744.1 100% 6,465.9 100% € million H1 2026 Weight Variation 2025H1 2025 Weight Weight
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H1 2026 Results Audited accounts 8 • Sales from the Petrochemicals segment reached € 458.4 million in H1 2026 . Petrochemicals revenues represented 15.0% of total sales. The most relevant projects in this business line are the Ceyhan project in Turkey, the petrochemical units for Silleno and the ethylene plant for INEOS. • Sales from the Low carbon technologies segment reached €40.4 million in H1 2026, representing 1.3% of total sales. • Sales from the Other segments reached €11.8 million in H1 2026. Its revenues represented 0.4% of total sales. Operating and net profit EBIT in H1 2026 stood at €104.2 million, down 13% versus H1 2025. This figure includes a €45 million provision, as best cost estimate related to the impact of events in the Middle East, that was included in Q1 2026 . With project execution progressively normalizing in the Middle East, management has concluded that the provision recorded in Q1 2026 remains appropriate and has therefore been maintained unchanged in the H1 2026 results. Excluding this provision, underlying EBIT would have reached €149.2 million, corresponding to a 4.9% margin. Q2 2026 EBIT stood at €73.2 million, lifting margin over sales to 5.0%. Costs not assigned to any business segment amounted to €71.3 million in H1 2026, slightly higher than in H1 2025. This evolution primarily reflects the impact of global inflation, as well as the company’s ongoing organic growth driven by the execution of its strategic plan. Net profit for H1 2026 reached €59.1 million, which implies a figure in line with t he same period of last year. Operating profit from divisions 220.5 185.8 19% 422.1 Costs not assigned to divisions -71.3 -65.4 -131.0 Underlying EBIT 149.2 120.4 24% 291.1 Margin 4.9% 4.4% 4.5% EBIT 104.2 120.4 -13% 291.1 Margin 3.4% 4.4% 4.5% Net Profit* 59.1 59.1 0% 156.4 Margin 1.9% 2.2% 2.4% *Net Profit from from continuining operations H1 2025H1 2026€ million Variation 2025
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H1 2026 Results Audited accounts 9 The EBIT margin breakdowns as follows: In addition to the operating income evolution, explained above, net profit also reflects the effect of financial results and taxes: • Financial expenses amounted €-19.1 million, including € -14.2 million of net financial income, €-3.8 million of hyperinflation adjustment in Argentina and Turkey (considered as hyperinflation economy since the start of 2022) ; and €1.1 million due to losses from transactions in foreign currency. • Company income tax was €-25.3 million. The tax expense is due to estimated taxes in the countries where the Group expects to earn profits in 2026. Net revenues 3,060.8 792.4 1,757.8 458.4 40.4 11.8 EBIT 104.2 31.9 110.0 50.7 0.0 -17.0 -71.3 Margin 3.4% 4.0% 6.3% 11.1% 0.0% -144.3% € million Upsream & RefiningTotal H1 2026 Petchem Other Not assignedNatural gas Low carb tech Net revenues 2,744.1 236.3 2,012.5 398.5 74.8 22.0 EBIT 120.4 -52.7 181.0 55.3 10.0 -7.8 -65.4 Margin 4.4% -22.3% 9.0% 13.9% 13.3% -35.4% Low carb tech Other Not assigned H1 2025 € million Total Upsream & Refining Natural gas Petchem Net financial Income* -14.2 -17.3 -18% -34.2 Hyperinflation -3.8 -5.5 -31% -10.9 Gains/losses in transactions in foreign currency -1.1 -6.6 -83% -7.5 Financial Income/Expense -19.1 -29.4 -35% -52.7 * Financial income less financial expenditure H1 2026€ million H1 2025 Variation 2025
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H1 2026 Results Audited accounts 10 Balance sheet Net cash position at the end of June 2026 amounted to €343.8 million, growing from €246.7 million (ex -SEPI) at the end of June 2025, reflecting the robust cash generation achieved by TR during this period. On a comparable basis, including the SEPI loan, net cash stood at €422 million at the end of June 2025. Tangible and intangible assets 161.8 158.1 159.9 Investment in associates 0.1 1.0 0.9 Deferred tax assets 334.1 343.3 334.4 Other non-current assets 98.4 89.1 88.4 Non-current Assets 594.4 591.5 583.5 Inventories 6.5 6.5 6.5 Trade and other receivables 4,393.2 3,439.1 4,063.7 Other current assets 58.5 109.2 83.6 Cash and Financial assets 1,384.8 1,117.6 1,143.2 Current assets 5,843.1 4,672.5 5,297.1 TOTAL ASSETS 6,437.5 5,263.9 5,880.7 Equity 622.0 479.2 563.6 Profit Participating Loan (PPL) 0.0 175.0 0.0 Total Equity (Equity + PPL) 622.0 654.2 563.6 Non-current liabilities 950.6 525.4 784.4 Financial Debt 830.5 405.2 660.9 Other non-current liabilities 120.1 120.2 123.5 Long term provisions 127.3 82.3 82.3 Current liabilities 4,737.6 4,001.9 4,450.4 Financial Debt 210.5 290.7 150.7 Trade payable 4,404.2 3,633.0 4,218.7 Other current liabilities 122.9 78.3 80.9 Total liabilities 5,815.5 4,784.7 5,317.1 TOTAL EQUITY AND LIABILITIES 6,437.5 5,263.9 5,880.7 € million 30 Jun 2026 30 Jun 2025 31 Dec 2025
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H1 2026 Results Audited accounts 11 At the end of June 2026, TR’s equity stood at €622.0 million. Following the early repayment of SEPI loans on December 1, 2025, this figure no longer includes the €175 million PPL. As shown in the table below, equity is therefore broadly in line with the level reported as of 30 June 2025, which still included this instrument. Current assets less cash and financial assets 4,458.3 3,554.9 4,153.9 Current liabilities less financial debt -4,527.1 -3,711.2 -4,299.6 COMMERCIAL WORKING CAPITAL* -68.8 -156.4 -145.7 Financial assets 0.0 0.0 0.0 Cash and cash equivalents 1,384.8 1,117.6 1,143.2 Financial Debt (1) -1,041.0 -695.9 -811.6 NET CASH POSITION 343.8 421.7 331.6 NET CASH + COMMERCIAL WORKING CAPITAL 275.0 265.3 185.9 *Calculated as "Current assets less cash and financial assets" - "Current liabilities less financial debt" (1) Does not include PPL € million 30 Jun 2026 30 Jun 2025 31 Dec 2025 Shareholders' funds + retained earnings 694.5 505.7 601.7 Treasury stock -75.6 -73.8 -74.9 Hedging reserve -6.5 35.9 27.2 Interim dividends 0.0 0.0 0.0 Minority Interest 9.7 11.5 9.7 Profit Participating Loan (PPL) 0.0 175.0 0.0 TOTAL EQUITY + PPL 622.0 654.2 563.6 € million 31 Dec 202530 Jun 2026 30 Jun 2025
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H1 2026 Results Audited accounts 12 APPENDIX IFRS 16: H1 2026 Reconciliation Alternative Performance Measures (“APMs”) 1. EBITAPM Earnings before interest and taxes (EBIT) is an indicator of the Group’s operating result without considering financial and tax results. It is used as a complement to EBITDA in comparison with other companies in the sector which have a low amount of assets. EBITAPM is equivalent to “operating profit”. The table below provides a reconciliation of our revenue to EBITAPM: 2. EBIT MarginAPM EBIT MarginAPM corresponds to EBITAPM over revenue. EBIT MarginAPM is an indicator of the Group’s operating result without considering financial and tax results. The Group uses the EBIT MarginAPM as a complement to EBITDA in comparison with other companies in the sector which have a reduced amount of assets. The table below provides a reconciliation of our revenue to EBIT MarginAPM: € Million H1 2026 Impact H1 2026 Adjusted IFRS 16 EBITDA 124.3 -12.4 111.9 Depreciation -20.0 14.5 -5.5 Financial charges -19.1 1.2 -17.9 Profit before taxes 84.4 3.3 87.7 "Right of use" assets 85.7 -85.7 0.0 Short-term lease liabilities 24.1 -24.1 0.0 Long-term lease liabilities 66.9 -66.9 0.0 € million H1 2026 H1 2025 Total Income 3,066.2 2,751.3 Operating expenses -2,962.0 -2,630.9 EBIT APM 104.2 120.4 Amortization 20.0 19.2 EBITDA 124.3 139.6
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H1 2026 Results Audited accounts 13 3. Leverage RatioAPM Leverage Ratio APM is the alternative performance measure used by the management to monitor the Company’s financial leverage. It is calculated as borrowings (excluding borrowings associated with rights of use of leased assets and participating loans) divided by equity (without minority interest). Equity is the amount shown in the Financial Statements. 4. Net CashAPM Net cashAPM is the alternative performance measure used by the management to measure the Group ’s level of net liquidity for the purpose of complying with covenants related to financial debt. It is calculated as the difference between ‘cash and cash equivalents’ plus ‘financial assets at fair value through profit or loss’ minus ‘borrowings’ (excluding ‘borrowings associated with rights of use of leased assets’ and ‘participating loans’). Cash and cash equivalents include cash on hand, demand deposits in banks and other highly liquid short-term investments originally maturing within three months or less. € million H1 2026 H1 2025 EBITAPM 104.2 120.4 Net Revenues 3,060.8 2,744.1 EBIT Margin APM 3.4% 4.4% € million H1 2026 2025 Borrowings 1,041.0 811.6 Equity 612.3 553.9 Leverage Ratio APM 1.70 1.47
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H1 2026 Results Audited accounts 14 5. Average Variable Interest RateAPM Average Variable Interest Rate APM is the result of multiplying on a weighted basis interest rate, the margin over EURIBOR associated with each financing instrument (whether bonds or bank financing) by the total contracted amount of such instruments, dividing the resulting amount by the to tal sum of the contracted amount of all financing instruments. The Group uses the Average Variable Interest RateAPM as an indicator of the Group’s average cost of its variable debt. As of June 30, 2026, the Group’s Average Variable Interest Rate APM was 2.18% (2.34% as of December 31, 2025). 6. BacklogAPM BacklogAPM is calculated by the Group as the estimated amount of contracted revenue that the Group expects will result in future revenue from existing contracts adjusted to reflect (i) changes in the scope of the contract as a result of change orders agreed with the client in projects developed under a Lump Sum Turnkey Contract (as defined herein) or estimation adjustments in projects developed under a Front End Engineering Design and Open Book Estimate scheme in which the Group carries out a detailed analysis of the project, from the definition of the main processes and identification and selection of technologies to the definition and dimension of the auxiliary services and logistical needs of the plant, and (ii) fluctuations in the exchange rate of currencies other than the euro applicable to the projects. The Backlog APM calculation also includes the estimated amount of revenue from contracts that have been signed but for which the scope of services and therefore the price has not yet been determined. In this case the Group makes a downward revenue estimation and includes it as an item in the Backlog APM. See “Business—BacklogAPM and Pipeline”. The Group considers its BacklogAPM a relevant indicator of the pace of development of its activities and monitors it to plan for its needs and to adjust its expectations, financial budgets and forecasts. The volume and timing of work execution in the Group’s Backlog APM are relevant for the purpose of anticipating the Group’s operational and financing needs and its ability to execute its Backlog APM is dependent on its ability to meet such operational and financing needs. See “Business - BacklogAPM and Pipeline”. € million H1 2026 2025 Cash and equivalents 1,384.8 1,143.2 Financial assets at fair value 0.0 0.0 Borrowings 1041.0 811.6 Net cash APM 343.8 331.6 Net cashAPM as cash and cash equivalents, plus financial assets at fair value, less borrowings
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H1 2026 Results Audited accounts 15 On the foregoing basis, the BacklogAPM as of June 30, 2026 amounts to €13,937.8 million (€10,553.3 million as of December 31, 2025).
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H1 2026 Results Audited accounts 16 Disclaimer This document has been prepared by Técnicas Reunidas S.A. (the “Company”) solely for use at presentations held in connection with the announcement of the Company’s results. This document contains forward -looking statements of the Company and/or its management. These forward-looking statements such as statements relating to the Company’s or management’s intent, belief or current expectations of the future growth in the Company’s business and capital expenditure in the oil and gas industry in general are subject to risks and variables that are beyond the Company’s control and that could materially and adversely affect the outcome and financial effects of the facts expressed implied or projected herein. The Company is under no obligation to update or keep current the information contained in this presentation including any looking forward-statements or to correct any inaccuracies that may later become apparent. No representation or warranty express or implied is made as to and no reliance should be placed on the fairness accuracy completeness or correctness of the information or opinions contained herein. None of the Company or any of its affiliates advisors or r epresentatives shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this document. This document is only provided for information purposes and does not constitute, nor may it be interpreted as an offer to sell or exchange or acquire or solicitation for offers to purchase any share in the Company in any jurisdiction in which (or to any person to whom) it would be unlawful to make such solicitation. Any decision to buy or invest in shares in relation to a specific issue must be made based on the information contained in the relevant prospectus filed by the Company in relation to such specific issue. This document also contains, in addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, alternative performance measures (“APMs”) as defined in the Gu idelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415en) and other non -IFRS measures (“Non -IFRS Measures”). These financial measures that qualify as APMs and non -IFRS measures have been calculated with information from the Company; however, those financial measures are not defined or detailed in the applicable financial reporting framework nor have been audited or reviewed by our auditors. The Company uses these APMs and non-IFRS measures when planning, monitoring and evaluating its performance. The Company considers these APMs and non-IFRS measures to be useful metrics for its management and investors to compare financial measure of histori cal or future financial performance, financial position, or cash flows. Nonetheless, these APMs and non-IFRS measures should be considered supplemental information to and are not meant to substitute IFRS measures. Furthermore, companies in the Company’s industry and others may calculate or use APMs and non -IFRS measures differently, thus making them less useful for comparison purposes. For further details on APMs and Non -IFRS Measures, including its definition and explanation, please see the section on “Alternative performance measures” of the
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H1 2026 Results Audited accounts 17 integrated annual report for the fiscal year ended on 31 December 202 5 of the Company, published on 2 7th February 2026. Additionally, for further details on the calculation and reconciliation between APMs and Non -IFRS Measures and any applicable management indicators and the financial data of the period ended 3 0 June 2026 please see the section on “Alternative performance measures” of H1 2026 results report document, published on 30th July 2026. All the documents are available on the Company’s website (www.tecnicasreunidas.es).