voestalpine Group reports Q1 2026/27 results in Europe; Profit before tax up 101% YoY

voestalpine Group reports Q1 2026/27 results in Europe; Profit before tax up 101% YoY

voestalpine AG www.voestalpine.com REPORT FOR Q1 2026/27

voestalpine GROUP KEY FIGURES

Q 1 2025/26 VS. Q 1 2026/27 In millions of euros Q 1 2025/26 Q 1 2026/27 Change in % 04/01– 06/30/2025 04/01– 06/30/2026 Income statement Revenue 3,901.5 3,994.4 2.4 EBITDA 361.2 495.0 37.0 Depreciation 189.7 188.4 –0.7 EBIT 171.5 306.6 78.8 Profit before tax 138.7 278.6 100.9 Profit after tax1 106.3 196.2 84.6 Statement of financial position Investments in tangible and intangible assets and interests 169.6 225.5 33.0 Equity 7,517.8 8,030.5 6.8 Net financial debt 1,456.8 1,038.0 –28.7 Net financial debt in % of equity (gearing) 19.4% 12.9% Financial key performance indicators (KPIs) EBITDA margin 9.3% 12.4% EBIT margin 4.4% 7.7% Cash flows from operating activities 444.1 344.3 –22.5 Share information Share price, end of period (euros) 23.90 40.84 70.9 Market capitalization, end of period 4,097.7 7,002.0 70.9 Number of outstanding shares, end of period 171,450,616 171,450,616 0.0 EPS – basic earnings per share (euros) 0.59 1.14 93.2 EPS – diluted earnings per share (euros) 0.58 1.10 89.7 Personnel Employees (full-time equivalent), end of period 49,551 48,641 –1.8 1 Before deduction of non-controlling interests.

Interim Report Condensed Interim Consolidated Financial Statements

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INTERIM REPORT FIRST QUARTER OF 2026/27 This report is a translation of the original report in German, which is solely valid.

ECONOMIC ENVIRONMENT EUROPE Economic development in Europe remained subdued at the start of the 2026/27 business year. The eurozone showed only slight economic momentum. Moderate growth is still expected for the remainder of the calendar year. Infrastructure investments approved in Germany, as well as higher spending on the European security and defense architecture, had a stabilizing effect. The European Central Bank recently took initial steps toward a more restrictive monetary policy. Although inflationary pressures had eased somewhat, the conflict in the Middle East is accompanied by uncertainties on the energy supply side. As a result, inflation risks remain elevated. The labor market stayed robust despite the challenging economic environment. Trade policy uncertainty continued to be a key factor shaping economic developments in Europe. U.S. tariff policy continued to weigh on the investment climate. At the same time, the trade policy framework for the European steel industry improved. The new EU safeguard follow-up measures and the carbon border adjustment mechanism (CBAM) strengthened protection more effectively for the European steel market against import pressure. In the short term, however, high inventory levels weighed on market prices. Demand for voestalpine products in the construction, mechanical engineering, and steel construction sectors remained subdued. There were no signs of a sustained recovery in construction activity. The automotive industry presented a mixed picture. In the flat steel segment, voestalpine was able to secure market share and maintain stable demand thanks to high product quality and delivery reliability. The market environment in the automotive components segment, however, remained challenging. Strategically important growth segments such as railway infrastructure, aerospace, and warehouse technology continued to perform well. USA / NORTH AMERICA Economic developments in North America continued to show solid underlying momentum at the start of the 2026/27 business year. The U.S. economy remained on a growth trajectory, although the pace of growth stabilized. Key drivers were private consumption and investment in artificial intelligence. Industrial indicators had recently become somewhat more subdued but remained in expansionary territory.

Interim Report Condensed Interim Consolidated Financial Statements

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The U.S. Federal Reserve left its monetary policy unchanged for the time being. Due to persistently elevated inflation risks, the scope for monetary policy remains limited. The renewed escalation in the Middle East also led to rising energy prices and increased uncertainty in North America. Initial positive signs were evident in the oil and gas exploration sector. Geopolitical risks and the possibility of further escalation continue to weigh heavily on the outlook. Trade policy conditions continued to shape the business environment for voestalpine’s North American sites. U.S. tariff measures had a dampening effect on order activity. Despite initial positive momentum in the oil and gas industry, demand for voestalpine products for these applications continued to be adversely affected by the tariff measures. The market for tubes and profiles also remained challenging due to intense competition. The environment for Automotive Components continued to be challenging. In contrast, the aerospace, railway systems, and warehouse technology segments performed well and served as stable sources of revenue. BRAZIL / SOUTH AMERICA The Brazilian economy, the voestalpine Group’s most important South American market, continued its moderate growth trend, albeit with slowing momentum. The service and agricultural sectors continued to make positive contributions. High financing costs, however, weighed on industrial production and investment activity. In addition, increased Chinese imports and the threat of U.S. punitive tariffs had a negative impact on the Brazilian industrial sector. The Brazilian central bank began a cautious shift in interest rate policy. However, financing costs remained high. The provisional implementation of the EU-Mercosur Interim Trade Agreement provided a boost. For voestalpine’s Brazilian sites, the market environment remained challenging overall. In the specialty steel segment, slight improvements in demand were recorded at the beginning of the 2026/27 business year. Tubes & Sections showed mixed performance. Railway Systems once again recorded stable and robust demand. CHINA / ASIA The economic environment in China continued to be shaped by trade tensions, discussions regarding Chinese overcapacity, and a strong focus on exports. Overall economic growth remained positive and was largely supported by robust exports, particularly in the technology sector. At the same time, the domestic economy showed subdued growth. Subdued consumer confidence, a weaker labor market, and ongoing adjustments in the real estate sector weighed on demand. There were still no signs of a broad-based recovery in the construction industry. Discussions between the EU and China regarding trade imbalances and overcapacity continued during the reporting period. Tensions surrounding the Strait of Hormuz weighed particularly heavily on Asian countries, as they are heavily reliant on energy imports from the Persian Gulf. In China, the ongoing energy price shock placed an additional burden on production costs and further dampened domestic demand, which was already subdued. High-tech industries such as specialty machinery manufacturing continued to perform well, albeit at a slower pace. Production of German car manufacturers in China showed subdued development. Demand for high-quality tool steel was positive. The market for railway infrastructure also remained stable.

Interim Report Condensed Interim Consolidated Financial Statements

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DEVELOPMENT OF THE KEY FIGURES OF THE voestalpine GROUP In the first quarter of 2026/27, the voestalpine Group increased its revenue by 2.4% from EUR 3,901.5 million in the prior year to EUR 3,994.4 million. The High Performance Metals Division recorded the strongest growth, driven by an improved product mix and generally higher price levels. While the Steel Division and the Metal Forming Division also increased their revenue year-over-year, revenue in the Metal Engineering Division was slightly below the prior-year level in the current reporting quarter, primarily due to the challenging market environment in the Tubulars product segment. EBITDA for the voestalpine Group increased by 37.0% from EUR 361.2 million (margin: 9.3%) in the first quarter of 2025/26 to EUR 495.0 million (margin: 12.4%) in the first quarter of 2026/27. The increase was particularly pronounced in the High Performance Metals Division. In addition to the sustained positive effects from the initiated cost-cutting and efficiency programs, earnings performance in the first quarter of 2026/27 was significantly influenced by one-off positive and negative extraordinary effects in the High Performance Metals Division, particularly from the sale of voestalpine BÖHLER Profil and from the continued reorganization measures. Overall, EBITDA for the first quarter of 2026/27 includes approximately EUR 100 million in one-off effects. The Steel Division and the Metal Forming Division also posted an increase in EBITDA in the current reporting quarter. By contrast, EBITDA in the Metal Engineering Division was slightly weaker in the first quarter of 2026/27 as a result of challenging conditions in the Tubulars product segment. EBIT increased by 78.8% year-over-year, from EUR 171.5 million (margin: 4.4%) in the first quarter of 2025/26 to EUR 306.6 million (margin: 7.7%) in the first quarter of 2026/27. The net financial result (financial income minus financial expenses) improved to EUR −28.0 million in the first quarter of 2026/27, compared with EUR −32.8 million in the first quarter of 2025/26. Earnings before taxes more than doubled from EUR 138.7 million in the prior year to EUR 278.6 million in the current reporting period. Based on an effective tax rate of 29.6% (previous year: 23.4%), profit after tax for the first quarter of 2026/27 amounted to EUR 196.2 million, representing an increase of 84.6% compared with EUR 106.3 million for the first quarter of 2025/26. The voestalpine Group’s equity increased both year-over-year and compared with the balance sheet date of March 31, 2026. At EUR 8,030.5 million, equity as of June 30, 2026, rose by 6.8% compared with the figure as of June 30, 2025 (EUR 7,517.8 million) and by 2.9% compared with the balance sheet date of March 31, 2026 (EUR 7,800.6 million). The reduction in net financial debt continued unabated during the current reporting period. Year-over-year, the voestalpine Group achieved a 28.7% reduction, from EUR 1,456.8 million as of June 30, 2025, to EUR 1,038.0 million as of June 30, 2026. Compared with the figure of EUR 1,263.7 million as of the balance sheet date of March 31, 2026, net financial debt decreased by 17.9%. In addition to the consistent reduction in net working capital, the sale of BÖHLER Profil in the first quarter of 2026/27 made a significant contribution to the further reduction of the voestalpine Group’s debt. Given the significantly higher investment requirements in recent years to support the gradual transition to green steel production, this development is particularly noteworthy. It underscores voestalpine’s strong internal financing capacity, even during a phase of temporarily increased investment activity. The voestalpine Group’s headcount (FTE, full-time equivalent) decreased by 1.8% year-over-year, from 49,551 as of June 30, 2025, to 48,641 as of June 30, 2026. The decline is primarily due to reorganization measures in the High Performance Metals Division and the Automotive Components business unit of the Metal Forming Division.

Interim Report Condensed Interim Consolidated Financial Statements

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COMPARISON OF THE QUARTERLY FIGURES OF THE voestalpine GROUP In millions of euros Q 1 2025/26 Q 2 2025/26 Q 3 2025/26 Q 4 2025/26 Q 1 2026/27 04/01– 06/30/2025 07/01– 09/30/2025 10/01– 12/31/2025 01/01– 03/31/2026 04/01– 06/