Tecma S p A : The company’s business continues to grow strongly

PRESS RELEASE

THE BOARD OF DIRECTORS OF TECMA SOLUTIONS S.p.A. APPROVES THE GROUP RESULTS AS AT 30 JUNE 2021 AND THE FINANCIAL CALENDAR FOR THE YEAR 2022

The company's business continues to grow strongly and also the

development of its technology and organisational structure

The results confirm the validity of TECMA's business model and its digital

platform.

The main consolidated results for the first half of 2021 compared to 30 June 2020:

• Value of production: EUR 5.7 million, was up by 44% compared to EUR 3.9 million.
• EBITDA: EUR 1.4 million in line with the first half of 2020, with an impact on the Value of production of 25.6%;
• EBIT: EUR 0.6 million compared to EUR 1.3 million, with an impact on the Value of production of 10.6%, due to amortisation of investments in the technological platform, as per the strategic plan, together with the revaluation of the Intellectual Properties of TECMA;
• Net Profit (Loss): EUR 0.47 million, down compared to the amount of EUR 1 million, also due to the investments in technology and the revaluation;
• Net financial position: EUR -4.8 million with respect to EUR -8.0 million at 31 December 2020. The financial resources were allocated to research and development, to the internationalization strategy and human capital.

Milan, 29 September 2021 - At the Meeting held in Milan, the Board of Directors of TECMA Solutions S.p.A. (the "Company" or "TECMA"), a tech Company specializing in the Real Estate sector listed on AIM Italia, the multilateral trading system organised and managed by Borsa Italiana S.p.A., approved the Company's half-yearly report as at 30 June 2021, drawn up in accordance with the accounting standards issued by the Italian Accounting Body.

"The economic and financial results confirm the expected development plan. The use of the proceeds enables an important acceleration in the investments for innovation, business development and human capital, focusing mainly on the implementation and distribution of our

technology. Strong business growth continued in the half-year as confirmation of the validity of the strategy undertaken. The consolidated revenues from foreign markets in the first half- year are essentially the same as those recorded in the whole of 2020, despite the continued difficulties in movements and travel; a clear sign of appreciation for our technologies and methods also outside our country. There is a fast and unparalleled transformation in progress with all "consumers", which is contributing to the consolidation of the digital and technological revolution, solely in part prompted by the health emergency that was triggered in 2020 and is still ongoing. It is actually an unprecedented society change, which is also overwhelming the world of Real Estate. These general conditions favour the reinforcement of the TECMA leadership. All the leading, Italian real estate players are addressing digital transformation processes together with us." - said Pietro Adduci, TECMA's CEO.

MAIN CONSOLIDATED RESULTS

In the first half of 2021, the group headed by TECMA (the "Group") had a Value of Production of EUR 5.7 million, up 44% with respect to the EUR 3.9 million in the same period of 2020, due mainly to the national and international market, in particular in the USA, where the Company has set up, among other things, Tecma US Corporation, a wholly-owned subsidiary of the Company.

As already occurred during 2020, growth is continuing with the market in Rome and other areas of Italy showing appreciation for TECMA's technologies.

The Company is also now operating in the Rent and Commercial Office & Retail sector.

EBITDA is EUR 1.4 million in line with 30 June 2020, with an impact on the Value of Production of 25.6%.

EBIT was EUR 0.6 million with respect to EUR 1.3 million at 30 June 2020, with an impact on Value of Production of 10.6%; This result is principally due to the amortisation of the

investments in the technological platform, in line with the strategic plan, together with the revaluation of the Intellectual Properties of TECMA;

The Net Profit (Loss) at 30 June 2021 was EUR 0.47 million, down compared to the amount of EUR 1 million, in consideration of the aforesaid investments in technology together with the revaluation of the Company's IPs;

The Net Financial Position stands at EUR -4.8 million compared to EUR -8.0 million at 31 December 2020. The financial resources were allocated to research and development, to the internationalization strategy and human capital.

Events subsequent to the end of the period

TECMA Solutions announces that it received a communication on 11 August 2021 from AXA Investment Managers S.A., informing the Company that it had exceeded the 5% materiality threshold of the Company's share capital with voting rights. In particular, the aforesaid shareholder stated that it holds 398,800 shares amounting to 5.07% of the TECMA share capital.

Business Outlook

Pursuant to and with the effects of the provisions in point 6) of the third paragraph of Art. 2428 of the Italian Civil Code, it should be noted that, in light of the results of the first six months of the current year, there are prospects of growth compared to the performance recorded during the 2020 financial year, as has been confirmed, moreover, by the increase in turnover volumes and the growth in sales.

The Group plans business development and growth of the company, above all by focusing on foreign markets. Specific products are to be launched, new human resources will be recruited and new commercial strategies implemented. It will be decisive investing in technological innovation, hardware, software and in marketing initiatives aimed at consolidating the Italian market and developing the international market.

The international health situation, and the specific characteristics of Italy, show a market scenario characterised by uncertainty; as a result of these external factors, it is difficult to make economic forecasts.

Other resolutions of the Board of Directors

During today's meeting, the Board of Directors of TECMA also approved the Company's financial calendar for the year 2022.

28 March 2022	Board of Directors' meeting for the approval of the financial
	statements as at 31 December 2021
29 April 2022	Shareholders' Meeting - in first call - for the approval of the
	financial statements as at 31 December 2021
5 May 2022	Shareholders' Meeting - in second call, if required - for
	the approval of the financial statements as at 31 December
	2021
26 September	Board of Directors' meeting to approve the
2022	half-yearly report as at 30 June 2022

Any changes to the above dates will be promptly notified in accordance with the provisions of the applicable legislation.

***

The notice is available on the website www.tecmasolutions.com, section Investors/Press Releases.

***

The half-yearly report as at 30 June 2021 will be made available to the public at the Company's head office and the Italian Stock Exchange, and will also be published on the website www.tecmasolutions.comin the section Investors/Financial Documents in accordance with the law.

The Company's financial calendar for the year 2022 will be made available to the public on the website www.tecmasolutions.com, in the section Investors/Financial Calendar, in accordance with the law.

The income statement, balance sheet and cash flow statement are attached to this announcement.

***

TECMA Solutions

TECMA Solutions (TCM.MI), which has been listed on the Aim Italia market since 9 November 2020, is a tech company that operates in the Real Estate sector, supervising the entire value chain and developing Go-to- Market strategies, in order to enhance the value of new residential real estate projects, speeding up and simplifying sales transactions, through an innovative fully digitalized technological platform. The Company has a team of over 130 professionals and about 300 active projects, in Italy and abroad. Thanks to its specific knowhow acquired over the years, TECMA Solutions confirms its ability to keep ahead of market trends by understanding the needs of consumers in the best possible manner, thanks to the support of neuromarketing, while developing and creating a product, with methods and proprietary technologies to enhance the value and drive the success of property investments.

For more information
How to contact TECMA
Investor Relations	Media Relations	Nomad
TECMA Solutions S.p.A.	Image Building	Alantra
Vincenzo Sirna - Investor Relator	Via Privata Maria Teresa, 11	Via Borgonuovo 16,
Via Medardo Rosso, 5	20123 - Milan	20121 - Milan
20159 - Milan	Tel. [phone]	Tel. [phone]
Tel. [phone]	[e-mail]	[e-mail]
[e-mail]

Consolidated Financial Statements of

TECMA Solutions S.p.A. Balance Sheet

	30/06/2021	31/12/2020	30/06/2020
Assets
B) Fixed assets
I - Intangible fixed assets		-	-
1) start-up and expansion costs	642,085	854,298	22,044
2) development costs	557,623	743,460	-
3) industrial patent rights and intellectual	3,409,232	3,789,506	17,826
property rights
4) concessions, licences, trademarks and similar rights	22,600	23,321	20,442
6) fixed assets under construction and advances	1,284,503	55,594	188,093
7) other	4,475	5,967	12,940
Total intangible fixed assets	5,920,518	5,472,146	261,345
II - Tangible fixed assets		-	-
2) plant and machinery	20,561	22,504	25,194
3) industrial and commercial equipment	5,001	5,627	5,621
4) other assets	741,275	444,014	222,024
5) fixed assets under construction and advances	-	-	-
Total tangible fixed assets	766,837	472,145	252,839
Total fixed assets (B)	6,687,355	5,944,291	514,184
C) Current assets
I - Inventories
4) finished products and goods	-	-	-
I - Total inventories	-	-	-
II - Receivables
1) trade receivables	6,292,780	3,552,679	2,994,292
collectable within one year	6,292,780	3,552,679	2,994,292
5-bis) tax receivables	243,035	83,309	8
collectable within one year	243,035	65,229	8
collectable after one year	-	18,080	-
5-ter) deferred tax assets	-	96,559	-
5-quater) from others	21,167	36,831	41,905
collectable within one year	20,515	36,179	41,253
collectable after one year	652	652	652
Total receivables	6,556,982	3,769,378	3,036,205