As of 30 July 2026

The half year results allow Rai Way to raise its expectations for fiscal year 2026, compared to what was announced during the presentation of the 2025 annual results and reiterated upon approval of the first quarter 2026 results.

Excluding the potential effects of the international geopolitical context on energy prices, compared to 2025 Rai Way now forecasts:

• an increase in Adjusted EBITDAi, with the upward revision driven by stronger growth in the underlying business - further supported by cost control - and a lower negative impact from the level of non-core items;
• lower maintenance investments, updated in light of the rephasing of certain extraordinary activities;
• confirmed higher development investments, primarily reflecting activities related to the photovoltaic project, the extension of the DAB network and a further upgrade of the CDN network.