• Shareholders acknowledged a net loss of EUR 163.78 million at Dec. 31, 2025.
• Equity was negative EUR 382.52 million, triggering a loss-of-capital situation under Italian Civil Code rules.
• An Apr. 30, 2026 balance sheet confirmed share capital was fully eroded, with negative equity of EUR 399.22 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Italian Sea Group S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 2378-56-2026_TELEBORSA.pdf), on July 22, 2026, and is solely responsible for the information contained therein.