H1 2026 Financial results

Nexans delivering on its strategy of profitable growth and raises full-year guidance
Electrification organic growth +4.5%, in the high range of our CMD guidance
Electrification Adjusted EBITDA margin at 13.2% of standard sales
U.S. market footprint expanded through Republic Wire acquisition
PWR-Transmission MI line loaded up until mid-2028

• H1 2026 performance demonstrated the successful execution of Nexans’ profitable growth strategy, supported by the agility of its well-diversified business model
  • H1 2026 standard sales of €3,248.6 million (current sales of €4,736.0 million), up +5.0% including +1.5% organic growth and +3.8% from contribution of acquisitions
  • Strong Electrification businesses performance, up +4.5% organically in H1 2026
  • Group Adjusted EBITDA of €387.7 million, up +4.3% year-on-year, adjusted EBITDA margin at 11.9% of standard sales compared to 12.0% in H1 2025
  • Electrification adjusted EBITDA up +5.2% year-on-year, adjusted EBITDA margin at 13.2% of standard sales still affected by an adverse mix effect, compared to 13.7% of standard sales in H1 2025 (and 13.3% in FY 2025)
  • Net income at €105.9 million in H1 2026 compared to €374.0 million in H1 2025, this variation reflected discontinued operations linked to IFRS 5 (Lynxeo, AmerCable and Autoelectric divestments) ; Net income from continuing operations at €122.8 million in H1 2026 compared to €143.3 million in H1 2025
• A sound balance sheet with solid cash flow generation and well-controlled financial leverage ratio
  • Free cash flow of €165.5 million in H1 2026 resulting in a cash conversion ratio at 42.7%
  • Well-diversified debt profile and no upcoming maturities before 2027, financial leverage ratio at 1.4x
  • Maintaining the financial flexibility to execute a disciplined and value-creating M&A strategy
• M&A in PWR-Grid and PWR-Connect remains at the core of the Group’s strategy
  • Closing of the acquisition of Republic Wire early June 2026
    • Entering the very dynamic U.S. market
    • Further leveraging and mutualizing our industrial footprint in the Americas
    • Capturing data centers future growth
  • Nurturing a rich pipeline of opportunities
• Sustainability
  • Responsible supply chain: Nexans awarded CDP Supplier Engagement Leader
  • ESG performance and circularity as commercial differentiators
• Full-year 2026 guidance upgraded
  • Adjusted EBITDA: €770 – 840 million, (previously: €730 -810 million)
  • Free Cash Flow: €235 – 325 million, (previously: €210 – 310 million)

This guidance does not assume execution of the Great Sea Interconnector project in 2026 but includes the load of MI line at the end of 2026.
This guidance takes into account the contribution of Republic Wire starting 1st June 2026 and excludes the contribution of any future acquisitions.

Nexans, a global leader in the design and manufacturing of cable systems to power the world, published its interim consolidated financial statements for the first-half of 2026, as approved by the Board of Directors at its meeting on July 28, 2026 chaired by Jean Mouton.

Commenting on the Group’s performance, Julien Hueber, Nexans’ Chief Executive Officer, said:
“Our first-half performance reflects the continued disciplined execution of our strategy in an environment where the structural drivers of electrification remain stronger than ever. In H1 2026, Nexans’ Electrification businesses delivered +4.5% organic growth and 13.2% Adjusted EBITDA margin supported by PWR-Transmission trajectory and sustained demand, disciplined selectivity and a clear focus on high value-added solutions in PWR-Grid and PWR-Connect.

We further optimized and mutualized our industrial footprint, further enhancing operational efficiency in order to support our customers’ growing needs across our end markets, including data centers. Our well-balanced business profile, underpinned by long-standing customer relationships and a disciplined value-over-volume approach, provides the agility and resilience needed to capture opportunities while delivering sustainable profitable growth.

With the acquisition of Republic Wire in the U.S. we further advanced our value-accretive M&A strategy, strengthening our portfolio in line with our long-term ambitions.

Looking ahead, the market environment remains dynamic and the long-term fundamentals underpinning electrification remain compelling. Supported by our differentiated positioning, operational discipline and focused investment strategy, we remain confident in our ability to deliver sustainable value for all our stakeholders.“