TXT E-SOLUTIONS GROUP

HALF-YEARLYFINANCIAL

REPORT

As at 30 June 2023

TXT e-solutions S.p.A.

Registered office, management, and administration:

Via Milano, No. 150 - 20093 Cologno Monzese (MI)

Share capital:

€ 6,503,125 fully paid-in

Tax code and Milan Business Register No.:

09768170152

In office until approval of the financial statements as at 31 December 2025:

ENRICO MAGNI

MATTEO MAGNI

Chief Executive Officer

  1. Member of the Remuneration and Appointments Committee.
  2. Member of the Risks and Internal Controls Committee.
  3. Member of Related Parties Committee.
  4. Appointed by the Shareholders' Meeting on 20 April 2023.

In office until approval of the financial statements as at 31 December 2025:

FRANCESCO MARIA SCORNAJENCHI

FRANCO VERGANI

NADIA RASCHETTI

FABIO MARIA PALMIERI

EDDA DELON

Independent Auditors:

Crowe Bompani S.p.A.

Investors relations:

E-mail: infofinance@txtgroup.com

Tel: +39 02 25771.1

Half-yearly financial report as at 30 June 2023

2

Leadership Team

in different sectors, Enrico joined TXT as a key

+20 years in TXT, with a strong experience in the international development of the business, from mid-2020 holds the position of Group CEO, with strategic responsibilities in defining and executing the TXT Group's international growth strategies.

the sustainable growth of the TXT Group.

Half-yearly financial report as at 30 June 2023

3

Contents

TXTe-solutionsS.p.A

2

Leadership Team

3

Organisational structure and scope of consolidation

6

TXT e-solutionsGroup - Key data

8

Directors' Report on operations for H1 2023

10

Consolidated Balance Sheet

27

Consolidated Income Statement

28

Consolidated Statement of Comprehensive Income

28

Company segment information

29

Consolidated Statement of Cash Flows

30

Statement of Changes in Consolidated Shareholders' Equity as at 30 June 2023

31

1. Group's structure and scope of consolidation

32

2. Basis of preparation of the consolidated financial statements

33

3. Accounting standards and interpretations applied from 1 January 2023

34

4.

Financial risk management

34

5.

Use of estimates

34

6.

Balance sheet

37

6.1.

Goodwill

37

6.2.

Intangible assets with a finite useful life

40

6.3.

Tangible assets

42

6.4.

Investments in associates

42

6.5.

Sundry receivables and other non-currentassets

42

6.6.

Deferred tax assets/liabilities

43

6.7.

Contractual assets

43

6.8.

Trade receivables

43

6.9.

Sundry receivables and other current assets

44

6.10.

Financial instruments at fair value

45

6.11.

Cash and cash equivalents

45

6.12.

Shareholders' equity

45

Half-yearly financial report as at 30 June 2023

4

6.13.

Non-currentfinancial liabilities

46

6.14.

Provision for post-employment benefits and other employee provisions

52

6.15.

Provisions for future risks and charges

54

6.16.

Current financial liabilities

54

6.17.

Trade payables

56

6.18.

Tax payables

56

6.19.

Sundry payables and other current liabilities

56

7.

Income Statement

56

7.1.

Total revenues and other income

56

7.2.

Purchases of materials and external services

57

7.3.

Personnel costs

57

7.4.

Other operating costs

58

7.5.

Depreciation, amortisation and impairment

58

7.6.

Financial income and charges

58

7.7.

Share of profit (loss) of associates

59

7.8.

Income taxes

59

8. Seasonality of operating segments

59

9. Transactions with related parties

59

10.

Net financial debt

61

11. Other significant events in the year and subsequent events

62

12.

Certification of the condensed consolidated half-yearly financial statements

62

Half-yearly financial report as at 30 June 2023

5

Attachments

Disclaimer

TXT e-solutions S.p.A. published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 13:32:06 UTC.