Financial Results and Shareholders Meeting (IR)

Notice of publication of the Consolidated Half-Year Financial Report as of 30 June 2026

11/09/2026

CS PR Equita Messa a disposizione relazione semestrale 2026

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Financial Results and Shareholders Meeting (IR)

• Net Revenues and Adjusted Net Profits up 11% year-on-year, Return on Tangible Equity at 42% and IFR Ratio above 3x

• Group confirms strong profitability, further boosted by a significant acceleration in Global Markets' contribution in 2Q'26

Milan, September 10th, 2026 -Luigi de Bellis, Chief Executive Officer at EQUITA, commented: “We delivered a particularly positive performance in the second quarter of 2026, with double-digit growth in both Net Revenues and Net Profits, despite challenging factors on several fronts. The main contribution came from Global Markets, which recorded remarkable levels of activity, driven mainly by client business. This set of results reflects the strength of our brand, the value of our integrated platform, and the quality of the long-lasting relationships we have built over time with investors, corporates and institutions”.

Simone Riviera, Chief Executive Officer at EQUITA, added: “The acceleration seen in the second quarter supported our strong 1Q’26 results, leading the Group to report its best first-half since IPO. This confirms our strategy, as well as our ability to create value in different market conditions. We approach the second half of the year with confidence and cautious optimism, supported by a solid pipeline of mandates and strong capital solidity. The second part of 2026 will also see the completion of two significant strategic initiatives announced in March 2026, which will further diversify and strengthen our business model: the commercial partnership with Gruppo BCC Iccrea, and the acquisition of Xenon Private Equity.”

The Board of Directors of EQUITA Group S.p.A. (the “Company” and, together with its subsidiaries, “EQUITA” or the “Group”) approved the first half consolidated results as of 30 June 2026.

Consolidated Net Revenues

In the first half of 2026, the Group recorded €60.2 million in Net Revenues, representing 11% year-on-year growth (€54.1 million in 1H’25). Net Revenues linked to clients recorded double-digit growth and reached a new record-high of €58.6 million in 1H’26 (€43.2 million in 1H’25, +35%).[1] This performance represents the best first half since IPO.

The Global Markets division – which includes Sales & Trading, Client-Driven Trading & Market Making and Directional Trading – recorded significant growth in Net Revenues (+29%; €41.6 million in 1H’26, €32.3 million in 1H’25), boosted by double-digit increase in Net Revenues linked to clients (+73%; €38.0 million in 1H’26, €22.0 million in 1H’25).

EQUITA’s trading floor continues to support investors and financial institutions as the leading independent broker in Italy, confirming significant market share in equities trading (Euronext Milan: 7.5%; Euronext Growth Milan: 9.8%), bonds (4.6%), and cash equity options (4.5%).[2]

Sales & Trading revenues – net of commissions and interest expenses – were up 37% year-on-year (€17.5 million in 1H’26, €12.8 million in 1H’25) and benefitted from increased activity in the brokerage business, with both institutional and retail clients being very active in the trading of domestic and international equities, derivatives, ETFs and certificates, especially in the last months of the semester**.** Client Driven Trading & Market Making Net Revenues grew 124% (€20.5 million in 1H’26, €9.2 million in 1H’25) and – in line with the Sales & Trading segment – benefitted from a significant increase in trading activity on equities and derivatives, partly linked to ongoing special events in financial markets, which led to a significant increase in client trading business compared to normal brokerage levels**.** Directional Trading returned to a positive, tangible performance**,** with a contribution of €3.6 million in 1H’26 (€10.4 million in 1H’25); it is worth noting that in 1Q’26, the desk contributed only marginally to the results of the Global Markets division, due to the risk-off approach adopted by the team during periods of extreme market volatility and uncertainty, including persistent global geopolitical tensions. In 2Q’26, the return of several special events to the market led the desk to invest more regularly and record positive results, despite the tough comparison year-on-year.

In 2Q’26, the Global Markets division recorded €26.5 million in Net Revenues (€16.6 million in 2Q’25), up 59% year-on-year, driven by solid progress in client-related business (Sales & Trading +57%, Client-Driven & Market Making +150%).

In June 2026, EQUITA ranked #1 in the “Italy Trading & Execution” category of the Extel survey**,** reflecting the strength of its brokerage platform and the continued recognition of the Group’s execution capabilities by investors. The team also achieved top positions in other Italy-focused categories of the survey, confirming its role as leading independent broker in “Italy Sales” and “Italy Corporate Access”.

The Investment Banking division recorded €15.9 million in Net Revenues in 1H’26 (€17.2 million in 1H’25,
-7%). This result includes the resilient performance of the M&A advisory team (despite a challenging environment in Italy, which experienced a significant decline in volume of transactions and aggregate deal values in 1H’26, down -14% and -27% respectively, year-on-year)[3] the consolidation of EQUITA Debt Advisory for the entire reporting period (six-month contribution in 1H’26 vs two months in 1H’25) and the tough comparison in Global Financing (with the team recording strong performance in 1H’25, thanks to robust Debt Capital Markets activities which led EQUITA to raise more than €1 billion on behalf of clients in the period).

In the first half of 2026 EQUITA ranked as the #1 Italian investment bank by deal value in the M&A league tables for Italy, confirming its leadership, with 14 mandates disclosed and €55 billion cumulated transactions[4] .

In 2Q’26, the Investment Banking division recorded €8.7 million in Net revenues (€11.8 million in 2Q’25, -27%), with M&A advisory performing in line with the previous year and Capital Markets suffering the tough comparison with the very positive results reported by the Debt Capital Markets team in 2Q’25, with the issue of four bonds.

The Alternative Asset Management division recorded Net Revenues of €2.8 million in 1H’26 (€4.6 million in 1H’25, -40%). Asset Management fees[5] were up 13% year-on-year (€4.6 million in 1H’26 vs €4.1 million in 1H’25) thanks to the fundraising of new illiquid funds in 2025, in addition to the year-on-year growth in liquid assets following the positive performance in discretionary mandates and new inflows. The Investment Portfolio[6] recorded a €1.9 million net loss (€0.5m gain in 1H’25), following the adjustment to fair value of one investment in portfolio.

As of 30 June 2026, assets under management grew to €1.2 billion (€1.1 billion as of 31 December 2025, €1.0 billion as of 30 June 2025). Proprietary, illiquid funds represented 53% of total assets (€626 million as of 30 June 2026, €659 million as of 31 December 2025, €635 million as of 30 June 2025). In terms of revenues, illiquid funds contributed to 72% of total asset management fees in 1H’26.

In 2Q’26, the Alternative Asset Management division recorded €0.1 million in Net revenues (€2.3 million in 2Q’25), with asset management fees up 19% year-on-year (from €2.0 million in 2Q’25 to €2.4 million in 2Q’26), offset by the impact of the fair value adjustment of one investment in portfolio.

The Research Team – which confirmed its top rank among the best brokers in the Extel survey for Italy in terms of investors’ preferences for the quality of research reports on Italian and foreign issuers – continues to support all business areas, assisting investors with research reports and insights on more than 155 listed companies, both Italian (ca. 95% of the Italian total market capitalisation) and foreign, as well as on debt instruments.

Consolidated Profit & Loss (reclassified)

Personnel Costs[7] increased by 14% year-on-year (€30.0 million in 1H’26, €26.3 million in 1H’25), following the upward trend in Consolidated Net Revenues. The number of professionals stood at 206 as of 30 June 2026, in line with the previous year. In 1H’26, the ratio between Personnel Costs and Net Revenues was 49.8% (48.6% in 1H’25) and the normalised compensation/revenue ratio was 48.6% (49.2% in 1H’25)[8] .

Other Operating Costs increased by 9% year-on-year (€11.9 million in 1H’26, €11.0 million in 1H’25). Information Technology expenses were down 4% compared to the previous year (€3.3 million in 1H’26, €3.5 million in 1H’25), while Trading fees[9] increased by 6% (€1.9 million in 1H’26, €1.8 million in 1H’25), a slower relative pace compared to the growth rate recorded by trading volumes in Global Markets, thanks to initiatives aimed at improving efficiency on brokerage activities. Other costs were up by 5% (€6.0 million in 1H’26, €5.7 million in 1H’25) mainly driven by the increase in expenses directly linked to business with clients (roadshows, marketing events, etc). Other Operating Costs included approximately €0.7 million of non-recurring expenses related to advisory fees for the completion of strategic initiatives.[10] Excluding the impact of such non-recurring items, Adjusted Cost/Income ratio was 68.5%, in line with the previous year (68.9% in 1H’25; 69.7% in 1H’26, including non-recurring items).[11]

Consolidated Profit Before Taxes stood at €18.3 million (€16.8 million in 1H’25, +9%) and Consolidated Net Profit increased to €13.0 million, up +7% year-on-year (€12.2 million in 1H’25). Excluding non-recurring items, Adjusted Net Profit increased to €13.6 million (+11% vs 1H’25), with a net margin of 22%, in line with the previous year.

These results confirm the strong profitability of the Group and – as highlighted for Net Revenues – represent the best first half since IPO in terms of Net Profits.

Consolidated Shareholders’ Equity

Consolidated Shareholder Equity was €107.1 million as of 30 June 2026 and the Average Return on Tangible Equity (ROTE) was 42% (40% as of 31 December 2025, 30% as of 30 June 2025). The Group’s capital solidity was confirmed by an IFR ratio of 3.3x, well above minimum requirements (3.1x as of 31 December 2025, 3.3x as of 30 June 2025).[12]

2026 Outlook

As of today, Global Markets is delivering substantial year-on-year progress, driven by the contribution of the client-related brokerage business, while the Investment Banking team remains involved in several advisory mandates and presents a solid pipeline, expected to materialize in the coming months. Alternative Asset Management continues to focus on fundraising, with asset management fees expected to deliver a year-on-year growth in 2026. The division will also benefit from the consolidation of Xenon Private Equity, with the closing expected to be completed in the final months of 2026. In the coming weeks EQUITA is also expected to announce the closing of the strategic partnership with the Gruppo BCC Iccrea, announced in March 2026. With this commercial agreement, the team will offer its financial expertise and know-how to the network of cooperative credit banks (Banche di Credito Cooperativo) and their clients, whilst preserving its role of leading independent investment bank in Italy.

* * *

According to paragraph 2 of Art. 154-bis of the Consolidated Finance Law, the Executive appointed to draft corporate accounts, Stefania Milanesi, states that the accounting information herein included tallies with the Company’s documentary evidence, ledgers and accounts.

* * *

[1] Excluding the contribution of Directional Trading, Investment Portfolio linked to Alternative Asset Management initiatives and performance fees from asset management business.

[2] Source: AMF Italia. Figures refer to brokered volumes on behalf of third parties (1H’26)

[3] Looking at the Italian context, in the first six months of 2026 the number of announced deals decreased by 14% (from 744 in 1H'25 to 637 in 1H'26); total values went down by 27% (from €30.4 billion in 1H'25 to €22.2 billion in 1H'26). This performance was almost attributable to the dynamic observed in the first quarter of 2026, where the number of deals and aggregate values declined by 45% and 25% respectively; in the second quarter of 2026, in fact, performance was broadly in line year-on-year, both in terms of number of deals (-5%) and aggregate values (-1%). Source: KPMG.

[4] Source: internal elaboration based on Mergermarket data (1H’26).

[5] Liquid strategies, private debt, private equity, and renewable infrastructures.

[6] The Investment Portfolio includes the investments made by the Group in the Alternative Asset Management products that have been launched, with the purpose of further aligning EQUITA’s and investors’ interests.

[7] Excludes compensation of Board of Directors and Statutory Auditors. Those items are included in Other operating costs.

[8] Excludes items related to Net Revenues but attributable to shareholders, which do not contribute to the remuneration of the Group’s professionals (e.g. HTC portfolio, etc).

[9] Item directly linked to the Net Revenues of the Global Markets.

[10] Reference is made to the commercial agreement with Iccrea Banca and the acquisition of Xenon Private Equity, both initiatives announced in March 2026

[11] Ratio between Total Costs (excluding non-recurring items) and Net Revenues.

[12] IFR ratio is calculated pursuant to EU 2033/19 Regulation. Starting from 2024, the IFR ratio calculation methodology has changed. The previous year ratio has been amended accordingly.

### 1H'26 Results

Governance (IR)

Publication of the 2026 Shareholders' Meeting minutes and of the new Company Bylaws filed

30/07/2026

CS PR EQUITA Pubblicazione verbale assemblea straordinaria 2026 (30072026) vF

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Corporate Transactions (IR)

Milan, July 28th, 2026

The Extraordinary Shareholders’ Meeting (the “Meeting”) of EQUITA Group S.p.A. (the “Company”) met today under the chairmanship of Mr. Andrea Vismara. 51.7% of the share capital (61.3% of the total voting rights) participated in the Meeting.

The Meeting approved – unanimously – the paid capital increase, on a non-divisible basis, excluding pre-emptive rights pursuant to Article 2441, paragraph four, first sentence, of the Italian Civil Code, for a total amount of €34,999,876.20[1] , to be released by means of an in-kind contribution. The resolution is aimed at serving the acquisition of Xenon AIFM S.A. The increase in share capital shall be executed by November 30th, 2026, through the issue of no. 6,008,253 ordinary shares, with no par value.

Governance (IR)

Notice about the total voting rights pursuant to Article 85-bis, paragraph 4-bis, of the Issuers’ Regulation

17/07/2026

CS PR EQUITA Capitale sociale Share capital (17072026) vF

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Governance (IR)

Publication of Shareholders’ Meeting documentation

03/07/2026

CS PR EQUITA Pubblicazione documentazione assemblea 2026 (03072026)

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Governance (IR)

Notice about the total voting rights pursuant to Article 85-bis, paragraph 4-bis, of the Issuers Regulation

30/06/2026

PR Equita Change in share capital (30062026) vF

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Governance (IR)

Publication of the notice of call for the Extraordinary Shareholders’ Meeting

26/06/2026

CS PR EQUITA Pubblicazione avviso convocazione assemblea straordinaria 2026 (26062026)

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Governance (IR)

Notice of Call of Extraordinary Shareholders’ Meeting 28 July 2026

26/06/2026

Notice of Call Ordinary Shareholders' Meeting 28 July 2026 vF

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Corporate Transactions (IR)

Milano, June 22nd, 2026

The Board of Directors of EQUITA Group S.p.A. (the “Company” or “EQUITA”) today approved to severally convene, in single call, the Extraordinary Shareholders’ Meeting on July 28th, 2026 (the “Meeting”). Shareholders will be summoned to resolve the in-kind increase in share capital, aimed at serving the acquisition of Xenon AIFM S.A., as announced to the market last March 18th, 2026, following the signing of binding agreements.

The Board of Directors also acknowledged the expert valuation report issued by PricewaterhouseCoopers Business Services S.r.l., pursuant to Article 2343-ter, paragraph 2, letter b), of the Italian Civil Code, based on available financial information as of May 31st, 2026, of the 51.5% stake in Xenon AIFM S.A, the latter being contributed to EQUITA.

The notice of call and the Shareholders’ Meeting documentation will be made available to the public within the terms pursuant to applicable law.

### Powers EGM increase in share capital Xenon

Read all the press releases

Governance (IR)

Notice about the total voting rights pursuant to article 85-bis, paragraph 4-bis, of the Issuers' Regulation

12/06/2026

PR Equita Change in share capital (12062026) vF

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Financial Results and Shareholders Meeting (IR)

Notice of publication of the Additional Periodic Financial Information as of 31 March 2026

15/05/2026

CS PR Equita Messa a disposizione resoconto intermedio al 31 marzo 2026

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Financial Results and Shareholders Meeting (IR)

• Year-on-year growth in Net Revenues (€25 million, +7%), Adjusted Net Profits (€5 million, +6%), and Return on Tangible Equity at 34%

• Strong growth in client business, driven by positive contribution of all business areas (+37% year-on-year)

• The Board of Directors confirms independence of Directors and Statutory Auditors of the Company

Milan, May 14th, 2026 - Luigi de Bellis, Chief Executive Officer at EQUITA, commented: “The performance recorded in the first three months of 2026 confirmed the soundness and resilience of our business model. This set of results – the best 1Q since IPO – highlights our disciplined approach and demonstrates the Group’s ability to deliver consistent performance, even during periods of increasing uncertainty and complexity in financial markets. EQUITA confirms its role as a go-to partner for entrepreneurs, listed companies, investors, and institutions”.

Simone Riviera, Chief Executive Officer at EQUITA, added: “In the coming months we will focus on the execution of the two initiatives announced last March: the development of a commercial partnership with Iccrea Banca and the acquisition of Xenon Private Equity. Our target is to achieve growing commercial synergies that will strengthen our model of leading independent investment bank in Italy, our long-term growth trajectory, and our ability to reward shareholders”.

The Board of Directors of EQUITA Group S.p.A. (the “Company” and, together with its subsidiaries, “EQUITA” or the “Group”) approved the additional financial information of the Group as of 31 March 2026.

Consolidated Net Revenues

In the first quarter of 2026, the Group recorded €25.0 million in Net Revenues, reporting a 7% year-on-year growth (€23.4 million in 1Q’25). Net Revenues linked to clients recorded double-digit growth and reached a new record high with €24.2 million in 1Q’26 (€17.7 million in 1Q’25, +37%).[1] This performance in Net Revenues represents the best first quarter since IPO.

The Global Markets division – which includes Sales & Trading, Client-Driven Trading & Market Making and Directional Trading – recorded a minor decline in Net Revenues (-4%, from €15.7 million in 1Q’25 to €15.1 million in 1Q’26) due to the year-on-year comparison with the strong Directional Trading performance achieved in 2025.

Net Revenues linked to clients grew by 43% year-on-year and reached €14.7 million (€10.3 million in 1Q’25). EQUITA’s trading floor continued to support investors and financial institutions as the leading independent broker in Italy, confirming significant market share in equities trading (Euronext Milan: 7.5%; Euronext Growth Milan: 7.2%), bonds (5.2%), and cash equity options (4.6%).[2]

Sales & Trading revenues, net of commissions and interest expenses, were up 16% year-on-year to €7.4 million in 1Q’26 (€6.4 million in 1Q’25) and the increase was driven by the strong performance of the brokerage business – both institutional and retail – on domestic and international equities, derivatives, ETFs and certificates. Client Driven Trading & Market Making[3] Net Revenues increased to €7.4 million in 1Q’26 (+88%, €3.9 million in 1Q’25) and – as recorded by the Sales & Trading business – benefitted from significant trading volumes on equities, bonds, and derivatives. Directional Trading contributed only marginally to the Global Markets division’s results, with €0.3 million in Net Revenues (€5.4 million in 1Q’25), reflecting the risk-off approach adopted by the team during periods of extreme market volatility and uncertainty, driven by persistent global geopolitical tensions. It is worth noting that the tough comparison year-on-year is the result of the significant number of special events announced in Italy in the first part of 2025, which led the proprietary desk to record its best ever performance in 1Q’25 while retaining a limited risk profile.

The Investment Banking division recorded €7.2 million in Net Revenues in 1Q’26, up 35% year-on-year (€5.4 million in 1Q’25), thanks to the positive performance of Capital Markets advisory, coupled with the change of perimeter following the acquisition of CAP Advisory in May 2025.[4] The year-on-year performance was driven by the Debt Capital Markets team, followed by the Equity Capital Markets business – despite the persistent lack of IPOs on both regulated and growth markets – and the first-time consolidation of EQUITA Debt Advisory. M&A Advisory performed in line with the previous year, despite the significant drop in deal numbers (-25%, from 414 in 1Q’25 to 311 in 1Q’26) and values (-45%, from €16.7 billion in 1Q’25 to €9.1 billion in 1Q’26) announced in Italy.[5]

Among the most relevant transactions that have been disclosed in 1Q’26, EQUITA acted as: joint bookrunner in the accelerated bookbuilding on d’Amico International Shipping shares; appointed intermediary of the public tender offer on Antares Vision shares promoted by Crane NXT Inspection and Tracking Technologies; joint lead manager in the issue of €500 million social senior preferred bonds offered by Iccrea Banca; placement agent and joint bookrunner in the issue of €300 million green senior unsecured bonds offered by Alerion Clean Power; sole lead manager and sole bookrunner in the issue of €100 million senior preferred bonds offered by Sparkasse - Cassa di Risparmio di Bolzano; and arranger and lead manager in the top-up issue for €20 million senior unsecured bonds offered by Generalfinance. EQUITA also assisted as financial advisor: TIM’s savings shareholders in the process of conversion of savings shares into ordinary shares; the independent directors of Banca Sistema in the public tender and exchange offer launched by Banca CF+ on the company’s shares; Intertraco in the acquisition of a majority stake in FLEXiN Group; and One Equity Partners in the acquisition of a majority stake in Digital Value from DV Holding shareholder.

The Alternative Asset Management division recorded Net Revenues of €2.7 million in 1Q’26 (€2.3 million in 1Q’25, +14%). Asset management fees (liquid strategies, private debt, private equity, and renewable infrastructures) were up 8% year-on-year (€2.3 million in 1Q’26 vs €2.1 million in 1Q’25) thanks to the fundraising of new illiquid funds in 2025, in addition to the year-on-year growth in liquid assets following the positive performance recorded in 2025 and new inflows in discretionary mandates.

As of 31 March 2026, assets under management stood at €1.1 billion and proprietary, illiquid funds represented 61% of total assets (€666 million as of 31 March 2026, €659 million as of 31 December 2025, €621 million as of 31 March 2025). In terms of revenues, illiquid funds contributed to 74% of total asset management fees in 1Q’26.

The Investment Portfolio[6] , equal to approximately €15 million as of 31 March 2026 (€14 million as of 31 December 2025 and €14 million as of 31 March 2025), contributed to the results of the Alternative Asset Management division with €0.4 million in Net Revenues (€0.2 million in 1Q’25).

The Research Team – which continues to position at the top of investors’ preferences for the quality of its reports on Italian and foreign issuers – continued to support all business areas, assisting institutional investors with research reports and insights on more than 155 listed companies, both Italian (ca. 95% of the Italian total market capitalisation) and foreign, as well as on debt instruments.

Consolidated Profit & Loss (reclassified)

Personnel Costs[7] increased from €11.4 million in 1Q’25 to €12.2 million in 1Q’26 (+7%), following the upward trend in Consolidated Net Revenues. The number of professionals increased to 206 as of 31 March 2026 (203 as of 31 December 2025 and 199 as of 31 March 2025) and the year-on-year increase is largely explained by the consolidation of EQUITA Debt Advisory. The normalised compensation/revenue ratio reached 48.9% (49.1% in 1Q’25)[8] .

Other Operating Costs increased by 14% year-on-year, from €5.3 million in 1Q’25 to €6.1 million in 1Q’26. Information Technology expenses were in line with the previous year (€1.7 million in 1Q’26 and 1Q’25), while Trading fees[9] increased by 8%, from €0.9 million in 1Q’25 to €1.0 million in 1Q’26, but at a slower pace compared to the growth rate recorded by trading volumes in Global Markets, thanks to initiatives aimed at improving efficiency on brokerage activities. Other costs were up by 9% (€2.7 million in 1Q’25 vs €3.0 million in 1Q’26) mainly driven by the increase in expenses directly linked to business, which contributed to the increase in Net Revenues. Other Operating Costs included approximately €0.5 million of non-recurring expenses related to advisory fees for strategic initiatives.[10] Excluding the impact of such non-recurring items, Adjusted Cost/Income ratio was 71.4%, in line with the previous year (71.6% in 1Q’25; 72.3% in 1Q’26 including non-recurring items).

Consolidated Profit Before Taxes stood at €6.7 million and Consolidated Net Profit reached €4.6 million (€4.7 million in 1Q’25), both reporting a performance almost in line with 1Q’25. Excluding non-recurring items, Adjusted Net Profit increased to €5.0 million (+6% vs 1Q’25), with a net margin of 20%, in line with the previous year.

Consolidated Shareholders’ Equity

Consolidated Shareholder Equity was €120.6 million as of 31 March 2026 and the Average Return on Tangible Equity (ROTE) was 34% (40% as of 31 December 2025, 22% as of 31 March 2025). The Group’s capital solidity was confirmed by an IFR ratio of 3.1x, well above minimum requirements (3.1x as of 31 December 2025, 3.7x as of 31 March 2025).[11]

Outlook on the first half of 2026

The first three months of 2026 saw a progressive increase in macroeconomic and financial uncertainty, mainly linked to the deterioration of the geopolitical framework globally and the consequent inflationary risks related to energy and raw material prices. Considering the scenario expected for the coming months, which could still see high volatility and geopolitical uncertainty, the levels of investor activity in the market should continue to positively impact the performance of Global Markets – as already experienced in 1Q'26 – thus helping to offset any potential slowdown in the Investment Banking business, related to the timing of mandates.

Confirmation of independence of Directors and Statutory Auditors of the Company

The Board of Directors of the Company ascertained, based on the declarations submitted by Directors and Statutory Auditors of the Company, that the requirements set forth by Article 13 of the Legislative Decree No. 58/98 (“TUF”) are met. More in detail, the Board of Directors verified, pursuant to Article 148, paragraph 2, of the TUF (as recalled by Article 147-ter, paragraph 4, of the TUF itself), the independence of Silvia Demartini, Angela Gamba and Matteo Bruno Lunelli, members of the Board of Directors of the Company. The Board of Directors also ascertained that any of the abovementioned Directors are included in any of the provision set forth in Recommendation no. 7 of the Corporate Governance Code approved by the Corporate Governance Committee last January 2020, including the cases where the quantitative and qualitative criteria approved by the Board of Directors of the Company during the meeting of 22 April 2026 apply. During the meeting, the Board of Directors was also notified that the Board of Statutory Auditors ascertained the independence of Andrea Conso, Andrea Serra and Paolo Redaelli, Standing Auditors of the Board of Statutory Auditors of the Company. The correct application of criteria and procedures adopted by the Board of Directors of the Company to assess and ascertain the independence of its members and the members of the Statutory Auditors was verified by the Board of Statutory Auditors during the meeting.

* * *

According to paragraph 2 of Art. 154-bis of the Consolidated Finance Law, the Executive appointed to draft corporate accounts, Stefania Milanesi, states that the accounting information herein included tallies with the Company’s documentary evidence, ledgers and accounts. 

Additional financial information is not audited.

* * *

[1] Excluding the contribution of Directional Trading, Investment Portfolio linked to Alternative Asset Management initiatives and performance fees from asset management business.

[2] Source: AMF Italia. Figures refer to brokered volumes on behalf of third parties.

[3] “Client-Driven Trading & Market Making” and “Directional Trading” are an internal reporting representation of Proprietary Trading.

[4] Today EQUITA Debt Advisory.

[5] Source: KPMG.

[6] The Investment Portfolio includes the investments made by the Group in the Alternative Asset Management products that have been launched, with the purpose of further aligning EQUITA’s and investors’ interests.

[7] Excludes compensation of Board of Directors and Statutory Auditors. Those items are included in Other operating costs.

[8] Excludes incomes attributable to shareholders which do not contribute to the remuneration of the Group’s professionals.

[9] Item directly linked to the Net Revenues of the Global Markets.

[10] Reference is made to the commercial partnership with Iccrea Banca and the acquisition of Xenon Private Equity, both initiatives announced in March 2026

[11] IFR ratio is calculated pursuant to EU 2033/19 Regulation. Starting from 2024, the IFR ratio calculation methodology has changed. The previous year ratio has been amended accordingly.

### 1Q'26 Results

Governance (IR)

Publication of the 2026 Shareholders' Meeting minutes

12/05/2026

CS PR EQUITA Pubblicazione verbale assemblea 2026 (12052026)

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Governance (IR)

Notice about the total voting rights pursuant to article 85-bis, paragraph 4-bis, of the Issuers' Regulation

04/05/2026

PR Equita Change in share capital (04052026) vF

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BEWARE OF FRAUDS

The EQUITA group does not carry out commercial banking activity and does not directly contact private citizens. The group uses exclusively official channels to carry out its business. To protect yourself from fraud attempts, please click here.

Governance (IR)

EQUITA Shareholders Meeting approved:

• Financial statements for the year ended 31 December 2025 and a dividend of €0.40 per share, to be distributed in two tranches

• The first and the second section of the Report on remuneration policies and compensation paid in 2025

• The authorisation to purchaseand dispose treasury shares

Meeting appointed the new Board of Directors and the Chairman, and determined the number of board members, the duration of the mandate and the board compensation

The Meeting also appointed the Board of Statutory Auditors and its Chairman, and determined board compensation
The newly appointed Board of Directors met after the Meeting and under the chairmanship of Andrea Vismara appointed Carlo Andrea Volpe Executive Vice-Chairman and Luigi de Bellis and Simone Riviera Chief Executive Officers

Milan, April 22nd, 2026 - The Shareholders’ Meeting (the “Meeting”) of EQUITA Group S.p.A. (the “Company” and, together with its subsidiaries, the “Group”) met today under the chairmanship of Ms. Sara Biglieri. 62% of the share capital and 70% of the total voting rights participated in the Meeting.

Financial statements for the year ended 31 December 2025 and dividend distribution

The Meeting approved – with 99.9% of the attending votes – the financial statements for the year ended 31 December 2025, accompanied by the Management Report of the Board of Directors, the Report of the Board of Statutory Auditors, and the Report of the Auditing Firm.

The Meeting also approved – with 99.9% of the attending votes – the distribution of a dividend of €0.40 per share, gross of taxes, representing a dividend yield of approximately 6.5%.

The dividend will be paid out as follows, through the distribution of earnings and share capital reserves:

• First tranche, equal to €0.20 per share (coupon no. 14), paid out by distributing earnings, for a maximum estimated amount of €10,341,846.20;
• Second tranche, equal to **€**0.20 per share (coupon no. 15), paid out by distributing retained earnings and share capital reserves, for a maximum estimated amount of €10,341,846.20.

The first tranche will be distributed on 20 May 2026 (payment date), with coupon tender date on 18 May 2026 (ex-dividend date) and entitlement date on 19 May 2026 (record date); second tranche will be cashed out on 18 November 2026 (payment date), with coupon tender date on 16 November 2026 (ex-dividend date) and entitlement date on 17 November 2026 (record date).

Remuneration policy and Report on remuneration policies and compensation paid in 2025

The Meeting approved – with 89.1% of the attending votes – the first section of the Report on remuneration policies and compensation paid in 2025 (the “Report”), pursuant to Article 123-ter of the Legislative Decree No 58/98 (“TUF”) and Article 84-quarter of the Issuers’ Regulation as subsequently amended. By approving the first section of the Report, the Meeting also approved the remuneration and incentive policies of the Group applicable from 2026 onwards.

The Meeting also expressed its favourable opinion on the second section of the Report, with 89.1% of the attending votes.

Appointment of the Board of Directors

The Meeting resolved to determine the size of the Board of Directors at 9 (nine) and the mandate duration to 3 (three) fiscal years. The Board of Directors will therefore remain in charge until the approval of the 2028 financial statements.

The Meeting appointed Andrea Vismara, Carlo Andrea Volpe, Luigi de Bellis, Simone Riviera, Stefania Milanesi, Michela Zeme, Angela Gamba and Matteo Bruno Lunelli as Directors from the slate submitted by some manager-shareholders on 25 March 2026 (Slate No. 1), which received the most votes in the Meeting, equivalent to 70.8% of the attending votes. Silvia Demartini was appointed Director from the second most voted slate with 18.1% of votes, the latter submitted by institutional investors on 25 March 2026 (Slate No. 2). A third slate (Slate No. 3) obtained 10.8% of the attending votes.

The composition of the new Board of Directors sees three independent members, four executive members and two non-executive members, in addition to a fair gender equilibrium, with four directors out of nine belonging to the female gender.

The Meeting also appointed Andrea Vismara as Chairman and resolved to set the gross annual compensation of each Director, pro tempore and for the period of the office, to €30,000.

Appointment of the Board of Statutory Auditors

The Meeting appointed Andrea Serra and Paolo Redaelli as Standing Auditors and Daniela Delfrate and Guido Fiori as Alternate Auditors from the most voted slate of candidates in the Meeting (Slate No. 1) with 71.1% of votes. Andrea Conso was appointed as Standing Auditor from the second most voted slate (Slate No. 2) with 18.1% of votes. The third slate (Slate No. 3) obtained 10.8% of the votes.

Andrea Conso was appointed Chairman of the Board of Statutory Auditors according to Art. 148, paragraph 2-bis, of the TUF, with the latter stating that the Chairman shall be appointed by the Meeting among candidates belonging to the second most voted slate.

The Meeting also resolved to set the gross annual compensation of the Chairman, pro tempore and for the period of the office, to €42,000, and the gross annual compensation of any other Standing Auditor, pro tempore and for the period of the office, to €30,000.

Authorisation to purchase and dispose treasury shares

The Meeting authorised – with 99.9% of the attending votes – the Company to purchase and dispose treasury shares, pursuant to articles 2357 and 2357-ter of the Italian Civil Code and article 5 of the EU Regulation no. 596/2014, the EU Delegated Regulation no. 1052/2016, as well as best market practises, having previously revoked the authorisation approved by the Meeting on 29 April 2025.

The Company has been authorised to purchase a maximum of no. 1,500,000 EQUITA Group shares (ca. 2.8% of the share capital as of today). The shares have no par value and are listed on the STAR segment of the Euronext Milan market. The buyback program has an 18-month validity (the longest period allowed by applicable regulation). Authorisation to dispose treasury shares has no due date.

The Meeting’s resolution and the start of the buyback program is subject to the Bank of Italy’s approval. For any other information about the authorisation to purchase and dispose treasury shares, including the strategic objectives and the total consideration assumed to pursue the program, please refer to the Directors’ report on the fifth item on the agenda made available to the public.

As of today, the Company’s share capital is equal to €12,123,581.80 (no. 53,281,570 ordinary shares, of which no. 1,769,123 treasury shares, the latter representing ca. 3.3% of the share capital). Group subsidiaries do not hold any treasury share of the Company.

Resolutions of the newly appointed Board of Directors

The new Board of Directors of the Company – which met for the first time after the Shareholders’ Meeting – appointed Carlo Andrea Volpe as Vice-Chairman and Luigi de Bellis and Simone Riviera as Chief Executive Officers. The Board of Directors also resolved to appoint Silvia Demartini as Lead Independent Director.

The Lead Independent Director, voluntarily appointed by the Board of Directors, will act as primary liason between non-executive directors, especially independent ones, and the chair to enhance governance. The Lead Independent Director will also act – inter alia – as a third-party in the dialogue with investors who have a stake of at least 0.5% of the share capital, without prejudice to all other practices already in place to ensure a fair dialogue between the Company and investors.

The Board of Directors also appointed the following board committees:

• Remuneration Committee: Matteo Bruno Lunelli (Chair), Andrea Vismara, Silvia Demartini;
• Risk and Control Committee: Silvia Demartini (Chair), Michela Zeme, Angela Gamba;
• Related Parties’ Committee: Angela Gamba (Chair), Matteo Bruno Lunelli, Michela Zeme.

The Board of Directors decided to postpone the official assessment of independence of Directors to the next Board meeting, which will also verify other formal requirements of Board members. Considering the documentation provided by Directors for the submission of slates of candidates, such independence requirements shall be deemed satisfied to date.

The Board also appointed Stefania Milanesi as Manager in charge of financial reporting of the Company.

Other Information

Governance (IR)

Notice about the total voting rights pursuant to article 85-bis, paragraph 4-bis, of the Issuers' Regulation - Errata corrige

17/04/2026

CS PR Equita Capitale sociale Share capital (17042026) vF Errata corrige

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BEWARE OF FRAUDS

The EQUITA group does not carry out commercial banking activity and does not directly contact private citizens. The group uses exclusively official channels to carry out its business. To protect yourself from fraud attempts, please click here.