Memorandum

Dear Shareholders,

The 2025 financial year has been marked by global geopolitical and commercial uncertainty. Despite this, the Correa Group has consolidatedthe growth achieved in recent years, ranking among the top three European companies by turnover within the large-scale milling sub-sector, where customers recognise us as a leading provider of innovative machining solutions, thanks to the quality and reliability of our machines.

We started the year with a smaller order backlog than last year’s, but thanks to the orders secured during the year, which totalled €129 million — a 40% increase — we ended the financial year with an order backlog of €87 million, an 11% increase. All this despite the uncertainties the world presents us with every day.

In 2025, the Group achieved a turnover of €119.1 million and an EBITDA of €16.5 million, representing 14% of sales. These results consolidate the Group’s position amongst the highest levels of profitability globally within the machine tool sector. Furthermore, profit before tax (PBT) amounted to €15.1 million and the financial year closed with a net profit of €12.2 million.

We are currently undertaking significant investments. The expansion of the existing Nicolás Correa plant, which will double our assembly floor space, and the new plant for the machining subsidiary, based on innovation, which will enable us to be more efficient in our production process and provide a showcase for our own machines, where we can demonstrate that we are at the forefront of technology.

I would like to thank the companies within the Group and all our employees for their professionalism, dedication and commitment. Achieving these levels of order intake and turnover has not been an easy task, and without them, without their hard work and teamwork, it would not have been possible. I am very proud of everyone who forms part of the Group.

To our customers, thank you for the trust you place in us every day. For us, your satisfaction is the main motivation of the Correa Group, and we want to continue supporting you throughout the entire service life of the machines.

And to you, our shareholders, both those who have been with us for over 35 years and our new
shareholders, we thank you for your constant support. Our commitment to you is unwavering.
We will continue to work to improve our performance every day.

Yours sincerely,

Mrs. Bibiana Nicolás-Correa Vilches
President