• Revenues at 888 million euros in 1Q 2026

• Organic EBITDAaL at 391 million euros in 1Q 2026

• 2026 Guidance confirmed: organic EBITDAaL expected to grow by close to 10% year-on-year

• Total Capex at 462 million euros in 1Q 2026, with significant savings vs budget in PNRR roll-out

• Continued execution of the FTTH roll-out: 300  thousand additional UIs passed, reaching  a total of 14.6 million

• Active FTTH lines increased by more than 200 thousand, affirming leadership position on new fiber lines in the Italian market

• Material debt reprofiling transactions resulting in smoother maturity profile, lower cost and longer weighted average life of debt and landmark financing agreement for €1Bn with European Investment Bank

Rome – Today FiberCop published its 1Q 2026 Trading Update marking overall financial and operational performance in line with budget, supported by continued FTTH execution, strong liquidity, successful debt management actions and confirmed 2026 guidance.

1Q 2026 results showed Revenues at 888 million euros and organic EBITDAaL at 391 million euros. B2C revenues reflect technology migration as expected, although the shift benefitted from material growth in new FTTH lines. Opex reduction has continued on the back of ongoing ramping up of cost efficiency initiatives.

As expected, EBITDAaL for 1Q 2026 vs 1Q 2025 was down slightly by 15 million euro, with a 34 million euro reduction in revenues offset by a 19 million euro decline in Opex including lease costs, to keep margins flat at 44%. As previously communicated, organic EBITDAaL benefits will be concentrated in H2 2026 due to phasing of revenues and Opex initiatives.

Guidance is confirmed, based on the company’s current estimates, with organic EBITDAaL expected to grow by close to 10% in 2026 on a fully comparable basis.

Total Capex in 1Q 2026 amounted to 462 million euros, growing year-on-year in execution of the company’s accelerated FTTH roll-out. UIs passed across Italy topped 14.6 million (+300 thousand up as compared with YE2025 and a 2.2 million increase since 1Q 2025), in line with expectations and amounting to 72% of the total UIs the company plans to cover by 2027. Total Capex include 120 million euros in Maintenance Capex, a year-on-year reduction, and reflects significant savings in NRPP roll-out. FiberCop Investment activity underscores the Company’s commitment to deliver FTTH to 100% of its targeted UIs by 2027, including the NRRP objectives by the mid 2026 deadline.

Cash balance stood at 1.8 billion euros,bringing FiberCop’s liquidity margin to 3.9 billion euros when coupled with committed and fully available revolving credit facilities covering debt maturities until 2029. On a Pro Forma basis, including the latest financing transactions, liquidity margin stands at 4.8 billion euros.

Net Debt at the end of 1Q 2026 reached 11.4 billion euros (an increase versus 10.9 billion euros at 2025 year-end to support the planned acceleration of the Capex plan).

Since the beginning of 2026, FiberCop executed a successful debt management exercise with an Amend & Extend and Repricing transaction on the majority of its 7.6 billion euro debt facilities, the issuance of 1 billion euro new 2031 Senior Secured Notes, a 500 million euro Tap of such notes issued in conjunction with a Tender Offer on 2027 and 2028 bond maturities and a 1 billion euro landmark financing agreement with the European Investment Bank.

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This announcement contains certain forward-looking statements that reflect FiberCop's management’s current views with respect to future events and financial and operational performance of FiberCop S.p.A. (the “Company” or “FiberCop”) and of the Company’s Group. These forward-looking statements are made as of the date of this document and are based on current expectations, reasonable assumptions and projections about future events and are therefore subject to risks and uncertainties that could cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward looking statements contained in or referred to as part of this announcement and/or the information contained herein. Actual future results and performance may indeed differ materially from what is expressed or implied in this announcement, due to any number of different factors, many of which are beyond the ability of FiberCop to foresee, control or estimate precisely, including, but not limited to, changes in the legislative and regulatory framework, market developments, price fluctuations and other risks and uncertainties.

Any forward-looking statements included in this announcement speak only as of the date of this presentation and are based on numerous assumptions (including, but not limited to, elaborations and estimates based on market information publicly available as of the date of this announcement) which may or may not prove to be correct. The forward-looking statements in this document can be identified, in some instances, by the use of words including but not limited to "expects", "anticipates", "intends", "believes", "plan", "seek", "will", "project", “budget” and similar language or the negative thereof or by forward-looking nature of discussions of strategy, plans or intentions.Furthermore, the development of financial markets, interest rate levels, currency exchange rates, as well as national and international changes in laws and regulations, in particular regarding tax matters, can have a corresponding impact. Analysts and investors are cautioned not to place undue reliance on forward-looking statements. FiberCop does not undertake, and expressly disclaims, any duty or obligation to update or revise this announcement or any information contained herein, whether as a result of new information, future events or otherwise.

The information contained herein does not constitute, and should not be construed as, a profit forecast or estimate for any period, nor should it be relied upon as a guide to the Company’s future performance. No representation or warranty is made as to the achievement or reasonableness of any projections, targets, estimates, or forecasts.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. Neither the content of FiberCop’s website nor any website accessible by hyperlinks on FiberCop’s website is incorporated in, or forms part of, this announcement. The distribution of this announcement may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.