Disclosure Devil - Summary

November 14, 2025 Elevating Champions Earnings Call Q3 2025 2 Disclaimer This document is being presented solely for informational purposes and should not be treated as giving investment advice and does not constitute or form part of, and should not be construed as, an offer to buy or subscribe, nor an invitation to submit an offer to buy or subscribe any of Brockhaus Technologies AG’s (“BKHT”) securities. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent our personal opinions. We advise you that some of the information is based on statements by third persons, and that no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. 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Summary 9M 2025 Summary Note: For definitions and detailed explanations of the alternative performance measures, please refer to page 93 onwards of our annual report 2024 and page 13 onwards of our quarterly statement 9M 2025 3 Revenue Adjusted EBITDA Adjusted EBIT Revenue growth mainly driven by the significant increase in revenue from the resale of bikes at the end of the lease term at Bikeleasing Bikeleasing is investing in its long-term growth strategy, transforming from a single- product bike leasing provider into a multi- benefit platform, which temporarily affects EBITDA and EBIT Forecast 2025 unchanged with revenue between €225 million and €235 million and adjusted EBITDA between €50 million and €55 million € Selected group financials (€ million) 175.3 181.6 68.0 48.7 +3.6% -28.4% 64.2 43.4 9M 2024 9M 2025 -32.5% 4 Revenue by quarter IHSE Prior-year period (€ million) Bikeleasing 32.4 62.4 56.4 21.4 35.9 61.6 62.8 Q1 Q2 Q3 Q4 7.3 7.0 10.0 7.5 6.5 7.9 6.9 Q1 Q2 Q3 Q4 -10.6% +12.6% -30.4% +10.9% -1.3% +11.5% 5 Revenue by region (€ million) IHSE Prior-year period Bikeleasing 151.1 - - 160.3 - - EMEA Americas APAC 15.0 5.5 3.7 13.0 6.4 1.9 EMEA Americas APAC +6.1% -13.6% +17.1% -49.1% KPIs by segment 6 Free cash flow of €17.5 million in 9M 2025 (9M 2024: €26.2 million) Note: For detailed explanations please refer to page 4 onwards and page 14 of our quarterly statement 9M 2025 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 Revenue 160,297 151,104 21,320 24,235 - - 181,616 175,339 Revenue growth 6.1% (12.0%) - 3.6% Gross Profit 98,471 101,252 17,638 18,012 310 321 116,419 119,585 Gross Profit margin 61.4% 67.0% 82.7% 74.3% 64.1% 68.2% Adjusted EBITDA 50,847 70,620 2,627 3,210 (4,803) (5,815) 48,670 68,015 Adjusted EBITDA margin 31.7% 46.7% 12.3% 13.2% 26.8% 38.8% Adjusted EBIT 47,072 68,266 1,247 1,981 (4,954) (6,028) 43,365 64,219 Adjusted EBIT margin 29.4% 45.2% 5.8% 8.2% 23.9% 36.6% BKHT Group (€ thousand) HR Benefit & Mobility Platform Security Technologies Central Functions and Consolidation Leverage well below the target level € Leverage ratio of 0.99x well below target value of ~2.5x 7 High balance sheet quality underlining resilience of our business (€ million) Highlights Net debt calculation as per 9M 2025 Note: For detailed explanations page 5 onwards of our quarterly statement 9M 2025 Net debt from loans slightly decreased compared to Dec 31, 2024, while adj. LMT EBITDA was lower 69.2 (37.8) 31.4 18.8 (5.2) 45.0 Debt from loans Cash and cash equivalents Net debt from loans Other financial liabilities Net debt from leasing Net debt (Sep 30, 2025) ~0.99x Net debt / adj. EBITDA (LTM) 8 Bikeleasing – Operational deep dive ~111,000 bikes facilitated in 9M 2025, reflecting a YoY decline, primarily driven by continued extreme discounts within retail and an increasing number of blocked customers due to deteriorating credit scores # Corporate customers @ Bikeleasing increased to ~81,000 (+15% YoY) with 3.9 million connected employees (+7% YoY) 800 3.100 April 2024 September 2025 Corporate customers 2022 2023 2024 2025 Q4 9M Corporate customer growth of nearly 4x since acquisition Seasonally skew towards Q2/Q3 has increased the last years 84% 86% 89% 16% 14% 11% Corporate customers @ Probonio increased to ~3,100, a nearly 4x increase since acquiring the company in April 2024 9 Bikeleasing – Operational deep dive Continued internationalization: USA Company overview ▪Ridepanda is the leading provider of micro-mobility employee benefits in the US ▪Through its digital platform, Ridepanda enables corporates to offer their employees the flexible rental of bike, e-bikes and e-scooters across a wide selection of brands ▪In contrast to corporate bicycle leasing in Germany, the US does not allow to finance the monthly rates by way of a salary sacrifice, which is why Ridepanda customers sponsor the monthly rates for their employees ▪Bikeleasing acquired a c. 7% minority stake by way of a capital increase Selected Ridepanda customers 10 IHSE – Operational deep dive (€ million) 20,2 24,1 29,5 24,2 21,3 - 5,00 10,00 15,00 20,00 25,00 30,00 35,00 9M 2021 9M 2022 9M 2023 9M 2024 9M 2025 Revenue Gross Profit Continued growth in the Defense segment (45% of revenue in 9M 2025), significantly increasing gross margins € While EMEA and APAC were down YoY, Americas saw a rebound on the back of a growing Defense business Revenue down -12% YoY due to project- related shifts and a general reluctancy to invest in many industries, however at a broadly stable gross profit 71% 74% 75% 74% 83% 11 Group Forecast FY 2025 Revenue Adj. EBITDA €225m €235m - €50m €55m - (2024: €204m | +10% to +15%) (2024: €65m | -15% to -23%) Happy to answer your questions Q&A 12 BROCKHAUS TECHNOLOGIES AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main, Germany Phone: +49 69 20 43 40 90 Fax: +49 69 20 43 40 971 E-Mail: ir@brockhaus-technologies.com Web: www.brockhaus-technologies.com IR Distribution List | Newsletter | Follow us on Executive Board: Marco Brockhaus (Chair), Dr. Marcel Wilhelm Chair of the Supervisory Board: Dr. Othmar Belker Registry Court: Frankfurt am Main Local Court Register Number: HRB 109637