The Group’s business segment information included in this Note is aligned with the segment information included in the 2025 Consolidated Financial Statements and which are detailed therein.

Information related to each reportable segment is set out below. Segment operating profit (loss) is used to measure performance, as management believes that this information is the most relevant when evaluating the results of the respective segments relative to other entities operating in the same industries.

Reconciliations of information on reportable segments with the amounts reported in the financial statements for the six months ended June 30, 2026


	June 30, 2026
													Consolidated
													adjustments and
(In thousand Euros)	EMEA			NORAM			APAC			Total segments			eliminations			Consolidated
Sales of Goods		37,957			6,633			—			44,590			(1,728	)		42,862
Sales of Services		4,618			6,155			50			10,823			(67	)		10,756
Changes in inventories and raw		(26,746	)		(8,388	)		(56	)		(35,190	)		1,728			(33,462	)
Employee benefits		(16,694	)		(2,620	)		(113	)		(19,427	)		—			(19,427	)
Other operating expenses		(12,848	)		(2,206	)		(41	)		(15,095	)		67			(15,028	)
Amortization and depreciation		(8,947	)		(1,162	)		(1	)		(10,110	)		—			(10,110	)
Impairment of assets		—			—			—			—			—			—
Other income		1,443			242			—			1,685			—			1,685
Operating Loss		(21,217	)		(1,346	)		(161	)		(22,724	)		—			(22,724	)
Total Assets		365,684			62,542			2,030			430,256			(187,936	)		242,320
Total Liabilities		367,877			62,479			2,146			432,502			(130,541	)		301,961

Reconciliations of information on reportable segments with the amounts reported in the financial statements for the six months ended June 30, 2025


	June 30, 2025
													Consolidated
													adjustments and
(In thousand Euros)	EMEA			NORAM			APAC			Total segments			eliminations			Consolidated
Sales of Goods		53,425			14,917			216			68,558			(4,333	)		64,225
Sales of Services		3,324			8,382			162			11,868			(162	)		11,706
Changes in inventories and raw		(35,636	)		(15,634	)		(153	)		(51,423	)		4,333			(47,090	)
Employee benefits		(23,611	)		(4,394	)		(131	)		(28,136	)		—			(28,136	)
Other operating expenses		(17,111	)		(4,114	)		(90	)		(21,315	)		162			(21,153	)
Amortization and depreciation		(19,049	)		(1,237	)		—			(20,286	)		—			(20,286	)
Impairment of goodwill		2,449			—			—			2,449			—			2,449
Other income		(122	)		(47	)		49			(120	)		—			(120	)
Operating Loss		(36,331	)		(2,127	)		53			(38,405	)		—			(38,405	)
Total Assets		452,274			42,821			1,520			496,615			(180,127	)		316,488
Total Liabilities		359,798			38,685			1,011			399,494			(119,144	)		280,350

There have been no significant transactions between segments during the six months ended June 30, 2026 and June 30, 2025, respectively except for inter-segment revenues which are eliminated in the column “Consolidated adjustments and eliminations”. The elimination of revenue and changes in inventories and raw materials and consumables used mainly relates to eliminating the intercompany sales of EMEA to NORAM and APAC. The impact of this elimination on consolidated operating loss relates to the elimination of profit on stock of inventories held by the NORAM segment.

Certain financial assets and liabilities are not allocated to reportable segments, as they are managed on a Group basis. These are reflected in the "Consolidated adjustments and eliminations" column. All finance income and expenses are considered to be part of the Corporate segment and hence are not further allocated to the operating segments EMEA, NORAM and APAC.