Voluntary periodic information

€3 BILLION OF NEW ORDERS YEAR-TO-DATE, ENTIRELY FROM LOW-RISK MARKETS

COMMERCIAL PIPELINE AT €99 BILLION WITH €16 BILLION OF TENDERS AWAITING OUTCOME 

LIABILITY MANAGEMENT TRANSACTION COMPLETED: NEW €500 MILLION BOND WITH DEMAND EXCEEDING THE OFFER BY MORE THAN FIVE TIMES, AND A TENDER OFFER FOR 2027 BOND

2026 TRAJECTORY CONFIRMED: REVENUES AT 2025 RECORD LEVELS; FOCUS ON MARGIN IMPROVEMENT AND CASH GENERATION WHILE MAINTAINING A POSITIVE NET FINANCIAL POSITION (NET CASH)

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MILAN, May 14, 2026 – The Board of Directors of Webuild (Euronext Milan: WBD) today examined the following data and information relating to the business performance since the start of 2026.

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Since the start of 2026, Webuild has continued to strengthen its position across all key parameters – commercial, operational and financial. 

On the commercial side, new orders amounted to €3 billion, all of which in low-risk markets such as Italy, Australia and North America - fully in line with the Group’s de-risking strategy. They include approximately €1 billion worth of tenders in which Webuild is the best or sole bidder. The most significant new projects acquired are in the sustainable mobility sector: in Italy, Lot 1 of the SS106 Jonica in Calabria, two new stations on Line C of the Rome Metro and the Mondovì Bypass; in the United States, the modernisation and expansion of the Interstate 4 highway in Florida. These are joined by initiatives in the energy and water sectors, including the Kwinana gas power station near Perth, Australia, and a wastewater treatment plant in Naples, Italy.

Alongside these awards is a short-term commercial pipeline worth approximately €99 billion, concentrated in developed countries where Webuild has an established presence. This pipeline is made up of €16 billion in tenders submitted and awaiting an outcome and €17 billion in tenders currently in preparation.

On the operational side, the first months of 2026 were marked by significant progress on projects under construction, both in Italy and abroad. In the United States, an 11-kilometre section of new lanes on the Florida’s Turnpike highway project was opened to traffic — almost three years ahead of the contractual deadline. In Lesotho, the Senqu Bridge was inaugurated, a key component of the largest water transfer scheme in Africa. In Italy, on the new high-speed/high-capacity Genoa–Milan rail line, excavation of the railway interconnection tunnels at Novi Ligure was completed; on the new Naples–Bari high-speed rail line, excavation of the longest tunnel on the Apice–Hirpinia section was completed.

Webuild’s technical and innovative capabilities, which underpin these operational achievements, were recently recognised by the U.S. magazine TIME in its annual ranking of the world’s most influential companies. In announcing the Group’s inclusion among the TIME100 Most Influential Companies 2026, the magazine stated that “Webuild has become the lead contractor for the infrastructure projects the world needs most, but which are often the most difficult to deliver”.

On the financial side, the Group successfully completed a liability management transaction involving the issue of a new €500 million senior bond maturing in 2032 with a coupon of 4.5%. Simultaneously, the Group repurchased, via a tender offer, approximately half of the bonds maturing in 2027. The new issue attracted demand more than five times the amount on offer from leading international and domestic institutional investors, confirming the strength of the Group’s results and prospects. The transaction enabled the Group to manage its corporate debt maturities well in advance, further strengthening its capital structure.

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2026 NEW ORDERS

Total new orders since the start of the year amount to €3 billion, all of which in low-risk markets. They include approximately €1 billion worth of tenders in which Webuild is the best or sole bidder.

Below is the geographical distribution of the new orders and a list of some of the main contracts acquired:

• construction of Lot 1 of the SS 106 Jonica Road in Calabria, comprising approximately 17 kilometres of new road, 15 viaducts, 3 overpasses and a 1.4-kilometre tunnel. The project, worth €531 million, has been commissioned by ANAS (FS Italiane Group).
• Moving I-4 Forward – Project 2 (USA): modernisation and extension of approximately 5 kilometres of Interstate 4 in Florida, involving the redesign of the entire junction with State Road 429. The project, worth USD 582 million (approximately €509 million) and commissioned by the Florida Department of Transportation, has been awarded to Lane (Webuild Group).
• Line C of the Rome Metro (Italy): construction of Section T1 of Line C of the Rome Metro, which will link the Clodio/Mazzini and Farnesina stations and add two new stations in the northern part of the city. The project, commissioned by Roma Metropolitane on behalf of Roma Capitale to the Metro C consortium, has a total value of €776 million (€268 million of which is Webuild’s share).
• Mondovì (SS28) Bypass (Italy): construction of the Mondovì bypass in Piedmont Region, a 3-kilometre section of road along State Road SS28 “del Colle di Nava”. It will include a state-of-the-art viaduct fitted with IoT sensors and a 1.4-kilometre tunnel. The €117 million project was commissioned by ANAS (FS Italiane Group) and awarded to a consortium comprising Cossi Costruzioni (Webuild Group with an 80% stake) and Webuild (with the remaining 20%).
• Kwinana Gas Power Generation 2 (Australia): construction of a 220 MW gas-fired power station in Kwinana, about 40 kilometres from Perth. The project, worth €116 million and commissioned by AGL Energy, was awarded to Clough (Webuild Group) and contributes to Australia’s energy transition.
• Naples East Wastewater Treatment Plant (Italy): upgrading and expanding the wastewater treatment plant located in the San Giovanni a Teduccio district, serving approximately 860,000 residents across 14 municipalities in the metropolitan area. The project, worth €111 million and commissioned by Invitalia on behalf of the Extraordinary Commissioner for Water Treatment, is awarded to a consortium comprising Fisia Italimpianti (Webuild Group, with a 40% stake) and Acciona. It involves the introduction of advanced biological treatment processes to improve the water quality of the Gulf of Naples, regenerate the coastal strip and enhance the reliability of the regional water system.

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COMMERCIAL PIPELINE

The Group’s short-term commercial pipeline amounts to €98.8 billion including €16 billion in tenders submitted and awaiting an outcome, and €17 billion in tenders in preparation.

The Group continues to monitor closely opportunities in strategic markets, where it enjoys a strong competitive position.

The international context is opening up significant opportunities for infrastructure investment. In Europe, national plans, together with new NATO policies, support structural demand for strategic infrastructure. In Italy, multi-year programmes focused on transport, water networks, and energy development - mainly in hydropower - are continuing. North America, Oceania, and Saudi Arabia also offer growth prospects thanks to significant government investment plans, the growing role of public-private partnerships (PPPs), the development of water and energy sectors, and major sporting and other international events that require modern and high-performance infrastructure.

In addition to its main markets, Webuild closely monitors other geographical areas where it can leverage its local experience and technical expertise acquired in recent years to achieve an appropriate balance between risk and return. 

Below is a breakdown of the short-term commercial pipeline by category and geographic area:

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2026 OUTLOOK

Thanks to its industrial platform, a record order book and commercial pipeline focused on low-risk markets, and a financial structure that has been further strengthened by the recent liability management transaction, the Group views 2026 with full confidence, whilst continuing to monitor closely the geopolitical landscape and its potential macroeconomic implications. With regards to the situation in the Middle East, it should be noted that the Group’s exposure to the region — where Webuild operates exclusively in Saudi Arabia — is limited to approximately 5% of the backlog, with construction sites continuing as normal and under conditions of full safety for the Group’s staff and subcontractors.

For 2026, the Group confirms the trajectory for the year:

• revenues in line with the record levels of 2025, supported by a significant backlog;
• continuation of initiatives aimed at improving margins and strengthening operating cash flow generation;
• maintaining a positive net financial position (net cash).

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Disclaimer 

This press release contains forward-looking statements. These statements are based on the Group's current expectations and projections regarding future events and, by their nature, are subject to an inherent component of risk and uncertainty. They are statements that relate to events and depend on circumstances which may or may not happen or occur in the future and, as such, undue reliance should not be placed on them. Actual results may differ even significantly from those announced due to a variety of factors, including: volatility and deterioration of capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth and other changes in business conditions, of an atmospheric nature, due to floods, earthquakes or other natural disasters, changes in legislation and the institutional context (both in Italy and abroad), difficulties in production, including constraints in the use of plants and supplies and many other risks and uncertainties, the majority of which are beyond the control of the Group.