Ebusco provides a business update ahead of its AGM

Deurne, 16 June 2026 – Ebusco Holding N.V. (Euronext: EBUS) provides a brief business update ahead of its Annual General Meeting that is scheduled for later today.

Working Capital Measures and Going Concern

Ebusco has further strengthened its cost base, which is now around 55% lower than in 2024. Over the first four months of 2026 the average operational expenditures (excluding cost of materials) per month amounted to c. €4.30 million, down from c. €6.05 million per month in the financial year 2025. The number of FTEs per 31 May 2026 was 261, down 7.4% versus YE 2025, or 50% versus YE 2024.

On 2 April 2026 Ebusco announced a working capital package of approximately €27.4 million, including €10.65 million in working capital support through an Asian supply chain partner, to facilitate the procurement of parts and components required for the production of buses.

In addition, Ebusco is in the process of realizing some further working capital relief through the sale of certain parts to one of its contract manufacturers in China in relation to a specific order, for an amount of c. €2.0 million.

Ebusco also continues its efforts to establish a Letter of Credit facility with a Tier 1 international bank, supplier and/or strategic partner, which is now targeted to be in place before the end of July 2026, however, this remains uncertain.

Lastly, Ebusco aims to further build out the Energy Solutions business (which represented c. 16% of Ebusco’s consolidated revenue in 2025), with the support of its key strategic partner and shareholder Gotion.

While these developments and efforts represent meaningful progress, Ebusco’s current liquidity and financial position remain constrained, indicating the existence of a material uncertainty as to whether Ebusco is able to continue as a going concern. This is largely due to a delay in fulfilment of the working capital support as referred to above.

Update on the Potential Strategic Options

Within the context of the going concern status of Ebusco, the company continues to consider its strategic options for both its bus and energy solutions operations. The company continues to be in discussions with multiple strategic parties that have expressed a serious, but at this stage non-binding, interest to entertain a strategic transaction, in the form of purchasing a controlling stake in Ebusco’s bus operations or otherwise. A Special Transaction Committee was formed by Ebusco in April 2026, comprising three independent members of the Supervisory Board and the CFO. This Committee is tasked with evaluating the strategic interest and any other reverse inquiries. The structure, valuation and timing of any transaction remain subject to negotiation, due diligence, definitive documentation, approvals, and customary closing conditions.

For any transaction that will be regarded a significant change in the identity or character of the company, Ebusco will seek prior approval from the General Meeting of Shareholders.

Operational Update

As of 31 May 2026, the company’s order book totaled 225 buses, consisting of 107 firm orders and 118 call-off orders.

Ebusco delivered 12 buses in the first 5 months of 2026 and is on track to deliver the remaining firm orders, the vast majority of which is weighted towards the second half of the year. These delivery expectations exclude 14 previously cancelled buses and any new orders.

In relation to any new orders, Ebusco is experiencing clearly stronger momentum than last year, confirmed by the positive response at recent trade shows (Mobility Move in Berlin in March 2026, Bus26 in Switzerland in June 2026 and Mobco in Paris in June 2026). The company continues to engage with existing and new customers and is selectively pursuing new tenders, balancing growth opportunities with execution discipline.

Governance Update

Subject to the approval in today’s AGM, Ebusco welcomes the appointment of Mr. Jacques Smolenaars as a new member of the Supervisory Board. For further details see item 5(a) in the AGM agenda and explanatory notes: Ebusco-Holding-AGM-June-2026-agenda-and-explanatory-notes.pdf

Furthermore, the ongoing strengthening of Ebusco’s internal control framework remains a key management priority throughout 2026.

Corporate Calendar for 2026

Miscellaneous

The current number of Ebusco shares outstanding is 216,924,346.