Montana Aerospace: Montana Aerospace Completes Debt-to-Equity Conversion

Reinach (pta010/23.12.2025/08:00 UTC+1)

Successful transaction strengthens the company's capital structure and supports its ongoing strategic transformation

Montana Aerospace AG announces the successful completion of its previously announced debt-to-equity conversion, marking a significant milestone in the company's strategic portfolio transformation into a pure-play aerospace business. As part of this transaction, approximately EUR 65 million of liabilities have been converted into equity at ASCO operations without any dilution for existing Montana Aerospace shareholders. This conversion relates to the so-called "Profit Certificates" assumed by Montana Aerospace AG during the ASCO acquisition in April 2022. The execution of this measure underscores the company's clear commitment to focusing entirely on its Aerostructures segment and further expanding ASCO's activities and local footprint.

The timely divestment of the ASTA Group / the former Energy segment directly supported this step. With the conversion completed, the company's net debt to EBITDA ratio improves significantly, falling at approximately 1.0x, and lays the foundation for achieving a net cash position by year-end 2026.

"The successful debt-to-equity conversion is a major milestone for Montana Aerospace. It significantly strengthens our balance sheet, ensures better financial conditions and provides a solid foundation for sustainable, profitable growth. With a clear focus on Aerostructures, we are well positioned for a promising future", says Michael Pistauer, Co-CEO and CFO of the Group.

Press contact
Jürgen Beilein
Mobile: +43 664 831 28 41
Email: communication@montana-aerospace.com

About Montana Aerospace AG

Montana Aerospace AG is a leading supplier of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The company employs around 6,200 highly skilled people at 16 locations on four continents, where they design, develop and produce groundbreaking technologies for tomorrow's aerospace industry using aluminium, titanium, composites and steel.

Disclaimer
Statements contained herein may constitute "forward-looking statements". Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal", "aim" or "target" or the negative of these words or other variations of these words or comparable terminology.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

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Emitter:	Montana Aerospace Alzbachstrasse 27 5734 Reinach Switzerland
Contact Person:	Jürgen Beilein
Phone:	+43 664 831 28 41
E-Mail:	communication@montana-aerospace.com
ISIN(s):	CH1110425654 (Share)
Stock Exchange(s):	SIX Swiss Exchange