Half-Year Financial Report_2024 Group Figures FINANCIAL KE Y PERFORMANCE INDICATORS 1) Earnings data Revenue EBITDA EBITDA margin EBIT EBIT margin Result for the period Earnings per share Balance sheet data Balance sheet total Equity Equity ratio Working capital employed Net debt Gearing Cash flow and CAPEX Cash flow from operating activities Cash flow from investing activities Free cash flow Cash flow from financing activities Capital expenditure Value creation ROCE (Return on capital employed) ROE (Return on equity) ROIC (Return on invested capital) in €m in €m in €m in €m in € in €m in €m in €m in €m in €m in €m in €m in €m in €m NON - FINANCIAL KE Y PERFORMANCE INDICATORS Employees 2) Share of female employees Employees in R&D Unit sales motorcycles 3) Unit sales e-bicycles Unit sales bicycles (without electric drive) Production motorcycles 4) Production motorcycles in Mattighofen, Austria R&D expenses from revenue 1) See the Glossary for explanations of alternative performance measures 2) Number of employees on the reporting day (including temporary staff) 3) 4) Including motorcycles sold by partner Bajaj Includes all produced motorcycles in Austria, India, China, Spain and Italy headcount number of units number of units number of units number of units number of units H1 2023 1,388 179 12.9% 97 7.0% 53 2 12/31/23 2,953 909 30.8% 531 776 85.3% H1 2023 52 -148 -96 68 133 12/31/23 10.2% 8.4% 9.2% H1 2023 6,314 26.1% 21.4% 187,158 38,917 31,000 205,796 111,940 8.5% H1 2024 1,007 -102 -10.1% -195 -19.4% -172 -5 06/30/24 3,269 722 22.1% 809 1,469 203.4% H1 2024 -414 -201 -615 464 140 06/30/24 -6.9% -18.4% -3.6% H1 2024 6,024 25.4% 22.2% 147,496 28,771 25,049 168,165 76,386 12.9% ∆ -27.4% >-100% -23.0pp >-100% -26.4pp >-100% >-100% ∆ 10.7% -20.6% -8.7pp 52.2% 89.3% 118.1pp ∆ >-100% -35.4% >-100% >100% 5.2% -17.1pp -26.8pp -12.8pp ∆ -4.6% -0.7pp 0.8pp -21.2% -26.1% -19.2% -18.3% -31.8% 4.4pp

Half-Year Financial Report_2024 ABOUT PIERER MOBILIT Y AG PIERER Mobility AG is the holding company of KTM AG, a leading European motorcycle manufacturer. With a focus on the premium segment, the company unites the brands KTM, GASGAS, Husqvarna and MV Agusta under one roof. The premium brand range also includes the high-performance components of the WP brand and the special KTM X-BOW high-performance sports cars. E-bicycles from Husqvarna and GASGAS as well as bicycles from the Felt brand round off PIERER Mobility's range of two-wheelers. GROUP STRUCTURE – SIMPLIFIED PRESENTATION BY ARE A AND BR AND OVERVIE W AS OF JUNE 2024 1) Motorcycles Bicycles Design, R&D Digital Transformation, IT Motorsport 100% shareholdings: KTM AG, Husqvarna Mobility GmbH, GASGAS GmbH, CFMOTO Motorcycles Distribution GmbH (with the brand Zeeho, distributed by CFMOTO Motorcycles Distribution GmbH), PIERER New Mobility GmbH (with the brands Husqvarna, GASGAS and Felt), PIERER Innovation GmbH, Avocodo GmbH, KTM Forschungs & Entwicklungs GmbH, KTM Informatics GmbH, KTM Racing GmbH; 74% shareholding: LX media GmbH; 50.1% shareholding: MV Agusta Motor S.p.A.; 50% shareholdings: KISKA GmbH, CERO Design Studio S.L; 19.9% shareholding (equity method consolidation): FELT Bicycles GmbH. An additional 50.1% of the shares was acquired on July 1, 2024 (full consolidation). 1) In this presentation, stands for KTM AG, which, as the owner of the KTM brand, manufactures and/or distributes motorbikes and motorbike accessories under this brand. To be distinguished from this is KTM Fahrrad GmbH, which, as the exclusive licensee, manufactures and/or sells bicycles and bicycle accessories under the KTM brand. KTM AG and KTM Fahrrad GmbH are neither affiliated with each other under corporate law nor intertwined with each other in terms of capital or otherwise. Consequently, PIERER Mobility Group, does not produce or distribute bicycles and bicycle accessories under the KTM brand but under brands such as Husqvarna, GASGAS or Felt. 44

Consolidated Management Report_H1 2024 6 KTM 990 DUKE MY24 © Rudi Schedl

Consolidated Management Report_H1 2024 ECONOMIC ENVIRONMENT AND MARKE T DE VELOPMENT ECONOMY The impact of the Russian-Ukrainian war, which has been ongoing since 2022, the recent developments in the war in the Middle East, and the significantly higher rates of inflation caused by these conflicts have led, among other factors, to a slowdown in the global economy. Although the outlook remains subdued, increasingly positive signs are being seen. For example, there are indications of a largely positive normalization of business and consumer sentiment. Commodity prices are falling, though recent geopolitical tensions, particularly in the Middle East, may cause prices to spike again. Significant financial and macroeconomic risks exist, on the one hand as a result of the simmering real estate crisis in China, and on the other from the continued trend in rates of inflation. While both overall inflation and core inflation, which excludes the volatile components of energy and food, are declining, both are likely to remain high, at least in the short and medium term. Overall, economic risks remain broadly unchanged through to the end of 2024, but there is still the risk of a downward trend. This illustrates the continuing uncertainty, particularly with regard to the course of the war in Ukraine, its further consequences and the uncertainty about the outcome of the war in the Middle East. Ultimately, the situation described above means greater uncertainty in the global growth forecasts from the International Monetary Fund (IMF), the OECD, and the World Bank. However, the fact that recent IMF estimates have remained largely unchanged suggests a degree of stabilization. IMF growth forecasts Global economy Advanced economies Eurozone Germany Emerging and developing countries China India 2024 3.2% 1.7% 0.9% 0.2% 4.3% 5.0% 7.3% 2025 3.3% 1.8% 1.5% 1.3% 4.3% 4.5% 6.5% The IMF expects global inflation to continue to fall slowly but steadily in 2024 and 2025. The future development of the global economy remains heavily dependent on the successful calibration of monetary policy, which takes account of the cumulative effects of previous interest rate hikes that could otherwise have serious adverse effects on the financial sector. Moreover, the course of the war in Ukraine and recently in the Middle East, and not least the level of economic recovery and demand from China, are key factors that will influence the future development of the global economy. This assessment is largely shared by the OECD and the World Bank. The IMF, in particular, also declares that there is increasing divergence in economic growth, as the slowdown in growth appears to be more pronounced in advanced economies than it does in emerging markets and developing countries. With the IMF’s forecast for global economic growth remaining largely unchanged, a major global economic downturn is not expected, although all forecasts in relation to the trend in the global economy remain subject to significant uncertainties. MOTORCYCLE MARKET H1 2024 showed a heterogeneous market development in the most important motorcycle markets for the PIERER Mobility Group and for premium motorcycles. A slightly positive trend in overall demand in Europe (+4.7%) driven primarily by the low-price segment, was offset by declining demand in North America (-3.9%) as well as in Australia and New Zealand (-6.6%). With the exception of Japan (+6.2%), the main Asian countries (Hong Kong, Thailand, China) recorded significant double-digit declines in the region of -25%. In Europe, the motorcycle market1) grew to just over 500,000 registered motorcycles (previous year: 470,000), with Italy (+8.4%) and Spain (+9.6%) recording the strongest growth. Germany, the largest single market, recorded a slight increase of 0.7%. The registration figures for the core brands of the PIERER Mobility Group (KTM, Husqvarna, GASGAS and MV Agusta) decreased by -5% in H1 2024 compared to H1 2023. In North America, motorcycle sales (in contrast to Europe, including motocross models) decreased to a half-year volume of approximately 275,000 units (previous year: 290,000). The core brands of the PIERER Mobility Group recorded a decline in new registrations of -18.4%. Despite this development, PIERER Mobility still has a double-digit market share of 11.0% (previous year: 12.9%). The relevant Indian motorcycle market (S2/S3 segment) is still on the upswing and recorded a strong increase (+16.0%) with 660,000 motorcycles sold in H1 2024. Against this backdrop, strategic partner Bajaj sold more than 31,000 KTM and Husqvarna motorcycles in India, resulting in a slight decline in market share to 4.7% (previous year: 5.6%). The market in Australia and New Zealand continued to decline. A total of 30,000 motorcycles were registered in H1 2024 (previous year: -6.6%). The number of registered PIERER Mobility motorcycles fell by -10.1%, but the market share remained stable at 19.0% (H1 2023: 19.7%). 1) Motorcycles ≥ 120 cc excluding motocross, scooters and ATVs, including electric motorcycles in the markets DE, FR, IT, GB, ES, SE, BE, NL, AT, CH, FI, DK, NO, HU, PO, SV, CZ, LT, LV, EE, GR, PT. 8

Consolidated Management Report_H1 2024 Bicycles In H1 2024, PIERER Mobility sold 53,820 bicycles (-23.0%), of which 28,771 were e-bicycles and 25,049 were bicycles. (E-)Bicycles sales in H1 2024: 53,820 units (E-)Bicycles sales in H1 2023: 69,917 units H1 2024 H1 2023 28,771 38,917 25,049 31,000 The PIERER Mobility Group is focusing increasingly on the premium segment. This involves the KTM, GASGAS, Husqvarna and MV Agusta brands for motorcycles. In the bicycle segment, the focus is on e-bicycles from the Husqvarna and GASGAS brands as well as bicycles under the Felt brand. After the reporting date, PIERER Mobility therefore acquired the majority stake in Felt. More information can be found in the notes in the section on events after the reporting date. To make sales more efficient, work began in the first half of the year to combine the sales companies of PIERER New Mobility GmbH with those of the KTM sales subsidiaries in the relevant countries. ACTIVITIES AND SUCCESSES IN RACING (E-)Bicycles Bicycles MOTORSPORT At the end of 2023, PIERER Mobility divested its R Raymon brand. In the first half of the previous financial year, this brand accounted for 51.3% of sales of e-bicycles and 61.4% of bicycle sales. Following increases in sales for the Husqvarna, GASGAS and Felt brands H1 2024, sales of e-bicycles fell by just 26.1% to 28,771 units and sales of bicycles fell by 19.2% to 25,049 units. Of the e-bicycles sold H1 2024, around two thirds were sold under the Husqvarna E-Bicycles brand and one third under the GASGAS brand. The sales of bicycles can be attributed mainly to the Felt brand. From a regional perspective, Europe, and in particular the DACH region, remains the largest sales market. Unit sales by region H1 2024 39.7% DACH region 22.7% rest of Europe 37.6% rest of world STRATEGIC PROJECTS In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired a 25.1% stake in MV Agusta Motor S.p.A., with registered office in Varese (Italy), as part of a capital increase. The call option granted to KTM AG on the basis of the annual financial statements dated December 31, 2025 to acquire the majority stake in MV Agusta Motor S.p.A. was exercised early in March 2024. The purchase price for the extra 25% of the shares was calculated using the previously agreed valuation method (EBITDA multiple). In the medium term, an annual production volume of more than 10,000 MV Agusta premium motorcycles is planned at the site in Varese. 10 PIERER Mobility has two teams racing in MotoGPTM: Red Bull KTM Factory Racing and Red Bull GASGAS Tech 3. The 2024 season started with very impressive performances from the Red Bull KTM Factory Racing team. Brad Binder secured a Sprint and Grand Prix podium place in Qatar, with Jack Miller delivering two top-five finishes in Portimao. With its intense testing program and enhanced performance, the team is looking forward to a promising second half of the season. At Red Bull GASGAS Tech3, Pedro Acosta made a remarkable entrance to the MotoGP scene. He rode his RC16 to a number of podium finishes in the Sprints and Grand Prix races. From 2025, he will be joining the Red Bull KTM Factory Racing team, riding alongside Brad Binder. The Tech3 team will revert back to its iconic orange colors next season. Enea Bastianini and Maverick Vinales will ride for the Red Bull KTM Tech3 team. In the world of offroad motorcycle racing, Husqvarna factory rider Billy Bolt secured the title in the 2024 FIM SuperEnduro World Championship in Newcastle (GB) for the fourth consecutive time, cementing his status as a top-tier competitor in this sport by winning all seven of the races he entered. In the American AMA Supercross Championship, Red Bull KTM newcomer Chase Sexton finished third overall in the 450SX class. His current lead in the AMA ProMotocross series underlines the competitiveness of the KTM 450 SX-F. Tom Vialle claimed his first AMA Supercross title and won the 250SX East division riding his KTM 250 SX-F. RJ Hampshire from the Rockstar Energy Husqvarna Factory Racing team enjoyed success in the 250SX West division. Manuel Lettenbichler from Red Bull KTM Factory Racing showcased his skills in the Red Bull Erzbergrodeo 2024. He conquered the Iron

Consolidated Management Report_H1 2024 Husqvarna PERFORMANCE ANALYSIS Vitpilen and Svartpilen series 2024: Since they were launched in 2018, all machines have been completely overhauled with new engines, a new chassis, class-leading technology and new styling. Svartpilen 801: This exceptional, scrambler-inspired bike sets a new standard for medium-weight street models by focusing on providing accessible performance and outstanding quality. TC 150 and TC 300: These two new 2-stroke machines complete Husqvarna's Motocross range for 2025. TE 125: Following the relaunch of this completely redesigned motorcycle, the 2025 Enduro model range now includes four 2-stroke and 4-stroke motorcycles. GASGAS GASGAS TXE: This prototype of an electric-powered trial bike entered the TrialGP World Championship for the first time in 2024. TXT GP and TXT Racing series 2025: All six trial-bike models are equipped with more powerful components. In H1 2024, the PIERER Mobility Group generated revenue of € 1,006.9 million (-27.4%). Around 93% of this was generated by the Motorcycles segment and 7% came from the Bicycles segment. Approximately 95% of revenue was earned outside Austria. From a regional point of view, some 61% of the revenue was attributable to Europe (+2 percentage points compared to the previous year), 27% to North America including Mexico (-1 percentage point compared to the previous year) and 12% to the rest of the world (-1 percentage point compared to the previous year). With a figure of € -195.0 million, the operating result (EBIT) for H1 2024 was significantly lower than the previous year's figure of € 96.9 million, equating to an EBIT margin of -19.4%. The earnings before interest, taxes, depreciation, and amortization (EBITDA) of € -101.9 million (previous year: € 178.9 million) equate to an EBITDA margin of -10.1%. One of the main reasons for this development is the restructuring of the Bicycle segment. Special effects in this regard impacted the operating result in the amount of € 75.5 million. The result for the period was € -172.0 million (previous year: € 53.0 million). The two segments “Motorcycles” and “Bicycles” represent the main operating areas of the PIERER Mobility Group, the development of which is discussed below. MC 150 and MC 300: GASGAS rounded off its 2025 Motocross line with these new 2-stroke machines. MOTORCYCLES EC 125: By introducing this 2-stroke engine, GASGAS has expanded its Enduro model range to seven motorcycles for 2025. MV Agusta Enduro Veloce: This new, exclusive and powerful travel enduro impresses with its distinctive, dynamic character and harmonious lines. BICYCLES PIERER New Mobility presented the new models and product developments from the Husqvarna and GASGAS brands at EUROBIKE in Frankfurt. Husqvarna showcased its new e-bike models: In addition to the Grand Towner 6, which is equipped with the Enviolo system, the Crosser, the Tourer and the Young Cross, an electric mountain bike for kids, were unveiled. GASGAS presented the ECC and MXC series from the new electric mountain bike generation as well as the stylish all-round cruisers, the MOTO 1 and MOTO 2. 12 In H1 2024, external revenue in the Motorcycle segment decreased by 26.7% to € 936.3 million (previous year: € 1,276.8 million). Both the EBITDA and EBIT were well below the previous year's level. Specifically, the EBITDA amounted to € 11.3 million (previous year: € 196.2 million), which equates to an EBITDA margin of 1.2% (previous year: 15.4%). The EBIT of € -78.4 million (previous year: € 117.3 million) equates to an EBIT margin of -8.4% (previous year: 9.2%). Revenue by region H1 2024 61.5% Europe 25.4% North America (incl. Mexico) 13.1% rest of world This development is primarily due to the difficult economic environment. It is characterized by high inflation rates, increased personnel costs and high interest rates, which had a particularly negative impact on the US market, which is important for the PIERER

Consolidated Management Report_H1 2024 BAL ANCED SHEE T ANALYSIS The balance sheet structure of the PIERER Mobility Group is as follows: Non-current assets Current assets Assets Equity Non-current liabilities Current liabilities Equity and liabilities Total assets of the PIERER Mobility Group increased by 10.7% to € 3,268.6 million compared to the consolidated financial statements as of December 31, 2023. Similar to previous years, the increase in non-current assets to € 1,611.7 million resulted from capitalized development projects, the value of which exceeded amortization and led to H1 2024. Property, plant and equipment increased by € 61.3 million, mainly due to the first full consolidation of MV Agusta S.p.A. In this context, goodwill of around € 131 million was also taken into account. Within current assets, inventories in particular increased by € 80.3 million and tax refund claims increased by € 87.1 million. Trade receivables remained at almost the same level. Receivables and other assets increased by € 26.2 million, while cash and cash equivalents decreased by a total of € 153.1 million. The overall result was a slight increase in current assets of 2.3% to € 1,656.9 million. Current liabilities increased by 43.9% to € 1,314.6 million. The increase is largely attributable to taking up current financial liabilities (€ +573 million). Trade payables decreased by around 30% or around € 200 million. Non-current liabilities increased by € 101.8 million or 9.0% compared to December 31, 2023. This change resulted mainly from an earn-out liability following the contractual agreements 12/31/2023 06/30/2024 m€ share m€ share 1,333.8 1,619.1 2,952.9 909,3 1.130,0 913.6 2.952,9 45.2% 54.8% 100.0% 30,8% 38,3% 30,9% 100,0% 1,611.7 1,656.9 3,268.6 722.2 1,231.8 1,314.6 3,268.6 49.3% 50.7% 100.0% 22.1% 37.7% 40.2% 100.0% made as part of the full consolidation of MV Agusta Motor S.p.A. and accounting for the written put option arising from the same contract. Non-current financial liabilities, which mainly comprise long-term investment loans, research and promotional loans, promissory note loans, registered bonds and lease liabilities, decreased by € 32.6 million to € 930.3 million compared to December 31, 2023. This was primarily due to the reclassification of the short-term share of promissory note loans into non-current financial liabilities (€ -63.0 million) and another investment loan that was taken out with a volume of € +33.1 million. Net debt increased from € 775.9 million to € 1,469.2 million mainly due to the negative free cash flow in the first half of the year. Equity decreased by € 187.1 million to € 722.2 million in the first six months of the year. This change was mainly due to the negative net income for the period of € -172.0 million. In addition, dividend payments of € 17.1 million led to a reduction in equity. The other effects of € 2.1 million essentially concerned the recognition of foreign currency differences with no effect on profit or loss, the measurement of financial instruments and the revaluation of net debt from defined benefit plans. At 22.1%, the equity ratio as of June 30, 2024 was below the 30.8% ratio as of December 31, 2023. 14

Consolidated Management Report_H1 2024 OPP ORTUNITIES AND RISK REP ORT Enterprise Risk Management process For information about opportunities and risks, please refer to the consolidated financial statements as of December 31, 2023. The following statements update the opportunities and risk report for the 2023 financial year. Risk management system The main purpose of the PIERER Mobility Group's risk management system is to safeguard and strengthen the company by assessing financial, operational and strategic risks promptly, correctly and transparently. The fact that the risk management system is working properly was audited and confirmed by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft (in accordance with Rule 83 of the Austrian Corporate Governance Code, ÖCGK) as of the reporting date of December 31, 2023. The PIERER Mobility Group has an Enterprise Risk Management system in which the Group-wide risks are identified based on specialist departments and, where applicable, geographical areas. KTM AG's risk management and the local management have operational responsibility for and assess the Group-wide risks. They report directly to the Executive Board and are monitored by the Executive Board and the Group Executive Board. Preventive analysis of potential events is another task for risk management. In addition, it is essential to actively manage opportunities and risks and to define and evaluate appropriate measures with the business units concerned. Enterprise Risk Management in the PIERER Mobility Group comprises a continuous, multi-stage process that is used to identify and evaluate, analyze and report, define and track measures in relation to the operational and strategic risks and opportunities across the Group. This forms the basis for a standard, Group-wide reporting system and ensures ongoing monitoring of operational and strategic risks. The Risk Management department reports directly to the Executive Board of KTM AG. A report detailing the overall risk situation is regularly prepared for the Executive Board and the Group Executive Board of PIERER Mobility AG for monitoring purposes. Climate-related risks and opportunities are considered and taken into account equally in this process. Ad-hoc reporting Ad-hoc reporting to Risk Management if there are any changes to the risk situation is used to provide a transparent assessment of the overall risk situation. There was an increase in this ad-hoc reporting in H1 2024. Presentation of opportunities, risks and measures taken The following table provides an overview of the main identified opportunities, risks and measures. Overall, the PIERER Mobility Group has not identified any risks that could jeopardize its continued existence as a going concern, neither on the reporting date nor at the time that the financial statements were prepared. 16

Consolidated Management Report_H1 2024 Risks and opportunities Description Measures Regulations • Dependencies on national and international legal • Market segmentation ensures that the relevant regulations INDUSTRY frameworks in the countries in which vehicles are sold have an impact on offroad motorsports, motorcycle registrations and the driver’s license (e.g., planned regulation in the European Union for internal combustion engines) • Efforts to protect the climate could lead to a tightening and extension of legislation or to new regulations and driving bans • Research and development required to comply with existing and future regulations • Regulatory measures such as environmental zones or other driving bans related to the climate and air quality could make motorcycles more attractive as a more fuel-efficient alternative to the passenger car are taken into account optimally as early as the product development process (PDP) • Additional monitoring and control by the Regulatory Affairs department ensures compliance with existing and future country-specific regulations relating to motorcycles • As a member of the ACEM (European Association of Motorcycle Manufacturers) at the level of KTM AG, PIERER Mobility supports the strategy of decarbonization, which is based on the objectives of the European Green Deal and the Climate Protection Act, as well as the European Commission's Sustainable and Smart Mobility Strategy • Development of low-emission/zero-emission/alternative drive systems and products Changes in customer behavior Market and sales trends MARKET • Persistent inflation may erode customer purchasing power. • E-mobility: Consideration of greater demand for low- emission and low-noise individual mobility solutions • Digital solutions in products could provide valuable information for climate change-related transport measures and thus constitute a service that offers a new source of revenue • The change to new (lower-emission/zero-emission) technologies could change the existing market structure and increase the chance of gaining market shares • The current economic situation creates an ongoing sales risk for the current financial year • The persistently high key interest rates in core markets increase the likelihood of a recession and are reducing the disposable household incomes of individuals, especially in the USA • The volatile market environment is characterized by geopolitical and country-specific political impacts • The latest interest rate decisions in the USA and volatile sales figures in Europe are curtailing expectations after three years of above-average success • High quality standards and clear positioning in the premium segment • Further development of cooperation with strategic development partners, in particular in the area of alternative drive technologies • Further development and focusing of strategic partnerships in the area of production for the mid-range segment • Consideration of customer requirements in the product development process to cover the needs of customers • Strict cost management throughout the Group • Stepping up of cooperation with the strategic partners Bajaj Auto Ltd. (Pune, India) and CFMOTO (Hangzhou, China) • Long-term successful market strategy – KTM AG as Europe's leading motorcycle manufacturer with a focus on its core business • Strategic development of network of dealers Customs regulations • The current trade dispute between the EU and China, • Optimizing the supply chain and developing strategic particularly in the e-mobility segment, is leading to changes to customs regulations, which may result in higher costs and limited product availability (including for other product groups, e.g., aluminum) • Changes at short notice and retrospective changes to customs regulations may result in additional fees/costs partnerships • Additional monitoring and control by the specialist department Cyber crime • The number of cyber attacks on large companies has risen rapidly in recent years IT • Further development of the crisis organization • Cyber security training • Running awareness programs • IT security and risk management system for identifying and managing information security risks 18

Consolidated Management Report_H1 2024 Risks and opportunities Description Measures • High quality standard from selecting suitable suppliers • Application of internationally recognized standards in quality management (ISO 9001) as well as supplementary Group-wide standards • Regular reviews by conducting internal and external audits • Insurance • Measures for safeguarding compliance: Compliance with the Code of Conduct • Representing employee interests • Reviewing progress • Implementing measures to safeguard human rights • Implementing the ESG platform “SupplierAssurance” (NQC) • Stipulating minimum requirements as a basis for supplier relationships • Ensuring the minimum age of employment • Conducting annual training and awareness programs • Setting up whistleblowing channels • Automated e-learning course on compliance • Installation of air-conditioning systems, emergency power generator for controlled shutdown of IT systems, relocation of IT servers to higher floors • Research and promotion of alternative fuels Product quality and liability Compliance risks • Climate and environmental risks, opportunities OTHERS • As a manufacturer of premium products, quality is an essential attribute to which PIERER Mobility devotes the appropriate level of attention • Product liability cases and the associated penalties pose a risk, especially in the US market due to the legal system • In addition to existing potential causes of product-related lawsuits, climate change-related regulations could add further legal risks General compliance challenges: • Violation of the minimum standards defined in the Code of Conduct • Violation of national and/or international laws • Challenges for own business activities and in the supply chain Specific challenges: • Human rights, respect, integrity, diversity, ethical recruitment, fair working conditions, health protection, occupational safety • Sustainability, protection of the environment and climate, animal welfare • Fair competition, prohibition of cartels • Corruption, bribery, invitations, gifts • Money laundering, financing of terrorism, export controls • Taxes, tax strategy, tax compliance, international tax guidelines • Conflicts of interest, prohibition of insider trading, political activities, donations, sponsorship • Handling company property and assets, business and trade secrets, data protection, intellectual property • Supply chain compliance • Handling conflict minerals, chemicals, harmful substances • Physical climate risks (e.g., heat waves, river flooding, heavy precipitation) • Product and technology development entails both risks and opportunities. Developments that focus on the future may expand the company's market shares, but misdirected developments may also cause the company to lose market share. This has an influence on the Group's production activities and the use phase among users. • New regulations: In light of climate change, the regulatory environment the company has to contend with is very dynamic. New or revised regulations that may be legally binding for the upstream and downstream value chain as well as for PIERER Mobility are being published all the time. These may lead to increased costs and expenses both in product development and in processes and beyond. • Acceptance of motorcycles with internal combustion engines. Increasing restrictions and a change of attitude in society may make people less accepting of internal combustion engines (ICEs). This may reduce the market for motorcycles with internal combustion engines and lead to increased demand for alternatives. Risks in preparing the financial statements • Changes in accounting and valuation methods may require the restatement of prior financial statements. • Impairment tests can lead to extraordinary write-downs 20

Condensed Consolidated Interim Financial Statements_H1 2024 22 22 CFMOTO 800 NK SPORT

Condensed Consolidated Interim Financial Statements_H1 2024 CONDENSED CONSOLIDATED INCOME STATEMENT €m H1 2023 H1 2024 Revenue Production costs of the services provided to generate the revenue Gross profit from sales Selling and racing expenses Research and development expenses Administration expenses Other operating expenses and income Earnings from at-equity holdings Result from operating activities, EBIT Interest income Interest expenses Other financial and investment income (expenses) Result before taxes Income taxes Result for the period thereof owners of the parent company thereof non-controlling shareholders Undiluted (=diluted) earnings per share (EUR) 1,387.6 -1,026.1 361.5 -144.8 -30.6 -92.5 -0.5 3.8 96.9 4.9 -29.4 -5.3 67.0 -14.0 53.0 55.0 -2.0 1.63 1,006.9 -940.2 66.7 -167.8 -27.4 -96.1 26.5 3.1 -195.0 7.4 -51.5 2.2 -236.8 64.8 -172.0 -169.7 -2.4 -5.02 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME €m H1 2023 H1 2024 Result for the period Foreign currency translation Valuation of cash flow hedges Deferred tax on valuation of cash flow hedges Items reclassified to profit or loss or which can be subsequently reclassified Revaluation of net debt from defined benefit plans Tax effect Items not reclassified to profit or loss Other net result after tax Total comprehensive income thereof owners of the parent company thereof non-controlling shareholders 53.0 -4.2 -6.1 1.5 -8.8 -0.5 0.1 -0.4 -9.2 43.8 45.8 -2.0 -172.0 3.1 1.8 -0.4 4.5 0.5 -0.1 0.4 4.9 -167.1 -164.8 -2.4 24

Condensed Consolidated Interim Financial Statements_H1 2024 C O ND EN S ED C O N S O L IDAT ED S TAT EMEN T O F CA S H FLOW S €m Result for the period + (-) Interest expenses / interest income + Tax expenses + Depreciation/amortization of property, plant and equipment and intangible assets + (-) Other non-cash expenses (income) + Interest received - Interest payments - Tax payments Gross cash flow - (+) Increase (decrease) in the net current assets Cash flow from operations - Payments for the acquisition of intangible assets and property, plant and equipment - Payments for the acquisition of investments accounted for using the equity method and other financial assets + Receipts from the sale of intangible assets and property, plant and equipment + Receipts from the disposal of investments accounted for using the equity method and other financial assets + (-) Sale and acquisition of subsidiaries + (-) Payments from other assets Cash flow from investing activity Free cash flow - Dividend payments to third parties + (-) Disposal/acquisition of non-controlling interests + Taking out non-current interest-bearing liabilities - Repayment of lease liability - Repayment of non-current interest-bearing liabilities + (-) Change in other current financial liabilities + (-) Change from other financing activities Cash flow from financing activity Total cash flow + Opening balance of liquid funds within the Group + Total cash flow + Effect of foreign currency fluctuations Closing balance of liquid funds within the Group 26 H1 2023 H1 2024 53.0 24.5 14.0 82.0 -5.3 4.8 -28.2 -3.1 141.8 -89.4 52.4 -151.1 0.0 0.0 0.9 0.0 1.7 -148.4 -96.0 -67.8 -0.2 162.5 -12.8 -25.2 9.1 2.6 68.1 -27.9 278.7 -27.9 -5.5 245.3 -172.0 44.1 -64.8 93.1 44.1 7.4 -47.9 -13.6 -109.6 -304.1 -413.8 -152.1 -1.8 2.5 0.0 -43.9 -5.7 -201.0 -614.8 -17.1 0.0 43.3 -12.1 -17.3 464.9 2.7 464.5 -150.3 259.0 -150.3 -2.8 105.8

Notes to the Consolidated Financial Statements_H1 2024 28 GASGAS ECC5/6 MY 24 © Rudi Schedl

Notes to the Consolidated Financial Statements_H1 2024 COMPANY INFORMATION As a leading European motorcycle manufacturer, PIERER Mobility AG offers a wide range of premium brands. In the Motorcycles segment, these include the high-performance motorcycle brands of KTM, Husqvarna, GASGAS and MV Agusta, as well as premium components from the WP brand and KTM X-BOW high-performance sports cars. In the Bicycles segment, the range includes Husqvarna and GASGAS E-Bicycles as well as Felt bicycles. The great commitment of the Group's more than 6,000 employees worldwide has enabled it to grow strongly in recent years. Long-standing strategic partnerships with Bajaj in India and CFMOTO in China have enabled the Group to diversify its production capacities and increase its competitiveness in the global market. From its headquarters in Austria, the company has expanded its presence to more than 7,000 dealerships worldwide. The Group is constantly evolving to meet the challenges of the modern world. To this end, the PIERER Mobility Group is investing in technology and innovation. PIERER Mobility AG has its registered office at Edisonstraße 1, 4600 Wels, and is registered in the commercial register at the Provincial Court of Wels in its capacity as Commercial Court under the registration number FN 78112 x. The company is part of the same group as Pierer Konzerngesellschaft mbH, Wels (ultimate parent company of the group) and its affiliated companies, and is included within the consolidated financial statements of that group. These consolidated financial statements are filed with the Provincial Court of Wels in its capacity as Commercial Court under file number FN 134766 k and represent the consolidated financial statements for the largest scope of consolidation. The shares of PIERER Mobility AG have their primary listing in the Swiss Performance Index (SPI) of the SIX Swiss Exchange in Zurich and are also listed in the Official Market, prime market segment, of the Vienna Stock Exchange. PRINCIPLES OF FINANCIAL REP ORTING The condensed consolidated financial statements for the reporting period from January 1 to June 30, 2024 (H1 2024) of PIERER Mobility AG were prepared in accordance with the International Financial Reporting Standards (IFRS), as must be applied in the EU, applying IAS 34 (Interim Financial Reporting). These condensed consolidated financial statements covering H1 2024 have not been audited or reviewed by an auditor. They do not include all of the notes and disclosures required for year-end consolidated financial statements and should therefore be read in conjunction with the consolidated financial statements as of December 31, 2023. The interim consolidated financial statements are prepared in euros, which is the functional currency of the parent company. Unless otherwise specifically indicated, all amounts are rounded to the nearest 1,000,000 euros (m€), which may give rise to rounding differences. The use of automated calculating tools may result in rounding differences with accumulation of rounded figures and with percentages. The accounting policies used for the consolidated financial statements as of December 31, 2023 form the basis for the present consolidated financial statements for H1 2024. The amendments to be applied as of January 1, 2024 are described below under “Changes in accounting and valuation methods” and in the “Newly applied standards and interpretations” section. The financial reporting of the companies included in the condensed consolidated financial statements is subject to uniform accounting principles. These provisions were applied by all consolidated entities. Pursuant to IAS 34, income tax expenses for the interim consolidated financial statements have been calculated using the average annual tax rate expected for the financial year as a whole. 30

Notes to the Consolidated Financial Statements_H1 2024 SE ASONALIT Y The PIERER Mobility Group's business is influenced by macroeconomic conditions and the associated demand behavior of customers in the main sales markets. These factors reinforce or override an underlying seasonality, according to which sales in the onroad segment tend to be higher in the first half of the year than in the second half. In the offroad segment, the seasonality is reversed. SCOPE OF CONSOLIDATION All subsidiaries that are either legally or de facto under the control of PIERER Mobility AG are included in the present interim consolidated financial statements as of June 30, 2024. The number of companies included in the scope of consolidation changed in H1 2024 as shown below, PIERER Mobility AG – as the parent company of the PIERER Mobility Group – was not included in this list. Fully consolidated companies At-equity companies Balance as of 12/31/2023 Additions to the scope of consolidation Eliminations from the scope of consolidation thereof disposals due to mergers Balance as of 06/30/2024 thereof foreign companies 80 4 -6 -6 78 53 4 1 -1 0 4 2 CHANGES IN THE SCOPE OF CONSOLIDATION MV Agusta Motor S.p.A. In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired a 25.1% stake in MV Agusta Motor S.p.A. (MV Agusta), with registered office in Varese (Italy), as part of a capital increase. On the basis of the annual financial statements as of December 31, 2025. the Group was granted a call option to acquire the majority stake in MV Agusta. As part of its growth strategy with a focus on premium brands, the PIERER Mobility Group agreed with the previous owner of MV Agusta that this call option can be exercised earlier. The agreement on the early exercise of the call option was completed in March 2024. This increased the Group's stake in MV Agusta Motor S.p.A. to 50.1%. The agreed purchase price was € 45 million (of which € 35 million was in cash and € 10 million was in shares of PIERER Mobility AG) plus a subsequent purchase price payment of at least € 5 million, which is dependent on the development of the value of MV Agusta as a company on the basis of an EBITDA multiple in the fiscal year 2026. The transaction was accounted for using the acquisition method in accordance with IFRS 3. MV Agusta Motor S.p.A. holds 100% of the shares in its subsidiaries Centro Stile MV Agusta S.r.l., Borgo Maggiore, Italy, and MV Agusta USA LLC, Pennsylvania, United States. These subsidiaries were also included as part of the initial consolidation. In addition, MV Agusta Motor S.p.A. holds 100% of the shares in MV AGUSTA Operations GmbH, Cologne, Germany, which has been in liquidation since February 2024. Due to the resulting restrictions on control and the immateriality of the company, this company was not included in the scope of consolidation. 32

Notes to the Consolidated Financial Statements_H1 2024 SEGMENT REP ORTING The business activities of PIERER Mobility AG are managed under the two “Motorcycles” and “Bicycles” divisions. The individual company divisions are managed separately and report to the Executive Board of PIERER Mobility AG in accordance with IFRS accounting regulations. The main decision-maker for the segment report is the overall Executive Board of PIERER Mobility AG. The segment reporting is done in line with the internal reports with the Motorcycles. Bicycles and Others segments. MOTORCYCLES: The Motorcycles segment comprises the development, production and distribution of motorcycles under the KTM, Husqvarna Motorcycles, GASGAS and MV Agusta brands as well as components of the WP brand. As of June 30, 2024, the Motorcycles segment included 60 subsidiaries, located in Austria, the United States, Japan, South Africa, Mexico, India, Australia and New Zealand and in various other European and Asian countries, which are included within the consolidated financial statements. In addition, the Motorcycles segment has equity holdings in assembly companies in the Philippines and China. BICYCLES: PIERER New Mobility GmbH together with its subsidiaries forms the “Bicycles” segment. In the case of the “Husqvarna E-Bicycles”, “GASGAS E-Bicycles” and Felt brands, the focus is on developing, manufacturing and trading e-bicycles and bicycles. In total, the segment comprises 8 fully consolidated companies. OTHERS: The “Others” segment encompasses PIERER Mobility AG, PIERER E-Commerce GmbH, PIERER E-Commerce North America Inc., PIERER Innovation GmbH, Avocodo GmbH, DealerCenter Digital GmbH, LX media GmbH, and Platin 1483. GmbH. Segment information for H1 2024 and H1 2023 is as follows: €m Motorcycles Bicycles Other Consolidation Total H1 2024 Revenues (including revenues within the segments) External revenues Result from operating activities Investments 1) Depreciation and amortization Share in the result of companies accounted for using the equity method Balance sheet total Equity 965.7 936.3 -78.4 136.1 89.7 2.8 3,280.6 848.5 69.0 69.0 -117.1 1.3 2.0 0.0 312.1 -96.6 32.4 1.6 -1.4 2.7 2.2 -0.2 39.3 301.4 -60.2 0.0 1.8 0.0 -0.8 0.5 -363.4 -331.1 1.006.9 1.006.9 -195.0 140.0 93.1 3.1 3.268,6 722.2 34

Notes to the Consolidated Financial Statements_H1 2024 The financial result changed by € -12.0 million compared to the previous year and amounted to € -41.8 million. The financial result is mainly made up of interest income, interest expenses and foreign currency valuation effects on bank balances. Increased interest expenses are the main reason for this decrease. The effective tax rate as of June 30, 2024 was 27.4% (previous year: 20.9%). The net result for the period thus amounted to € -172.0 million (previous year: € 53.0 million). Earnings per share in H1 2024 amounted to € -5.0 (previous year: € 1.6). NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL P O SITION AND CONSOLIDATED STATEMENT OF CHANGES IN EQUIT Y Non-current assets increased in the first half of the year by 20.8%. The increase mainly relates to goodwill (+€ 131.2 million) following the full consolidation of MV Agusta Motor S.p.A. described above (see the “Scope of consolidation” item). In H1 2024, intangible assets also increased by € 67.7 million to € 736.7 million. mainly due to the net capitalization of development costs (€ 37.0 million) and the acquisition of the MV Agusta brand, which was previously accounted for only as a right similar to a trademark (€ 28.9 million). Property, plant and equipment increased by € 61.3 million to € 545.2 million compared to the carrying amount as of December 31, 2023. This increase is mainly due to the acquisition and full consolidation of MV Agusta Motor S.p.A. Current assets were 2.3% higher than their value as at December 31, 2023. On the one hand, inventories (€ 80.3 million), receivables and other assets (€ 26.2 million) and tax refund claims (€ 87.1 million) increased. On the other hand, cash fell by € 153.1 million. On the liabilities side, current liabilities increased by 43.9% in the first half of the year, mainly due to the taking up of short-term credit and working capital lines (€ 572.7 million). Trade payables decreased by € 199.9 million. The 9.0% increase in non-current liabilities is due in particular to an earn-out liability as part of the full consolidation of MV Agusta Motor S.p.A. and the recognition of the put-option. In the first six months, consolidated equity decreased by € 187.1 million to € 722.2 million. The main reasons for this were the negative net result for the period of € -172.0 million and dividend payments amounting to € 17.1 million. The other effects essentially concerned the recognition of foreign currency differences with no effect on profit or loss, the measurement of financial instruments and the revaluation of net debt from defined benefit plans. As of June 30, 2024, the equity ratio was 22.1% (December 31, 2023: 30.8%). An indication of impairment was identified for the cash-generating units (CGUs) “KTM” and “PIERER New Mobility” due to deviations between planned and actual figures in the first half of 2024. The recoverable amount was determined based on the value in use. The methodology corresponds to that used as at 31.12.2023. The cash flow forecast is based on the most recent forecasts approved by management, taking into account the medium-term strategic objectives. A weighted average cost of capital (WACC) before taxes of 10.9% (December 31, 20232: 11.1%) for “KTM” and 9.6% (December 31, 2023: 10.4%) was used as the discount rate. For the cash-generating unit “KTM”, an increase in the pre-tax WACC to 11.7% (Dec. 31, 2023: 14.1%) or a reduction in future planned EBITs by 4.5% (Dec. 31, 2023: 20.6%) would result in the carrying amount of the CGU corresponding to the recoverable amount, all other things being equal. For the cash-generating unit “PIERER New Mobility”, an increase in the pre-tax WACC to 12.4% (December 31, 20232: 11.6%) or a reduction in future planned EBITs by 56.4% (December 31, 20232: 13.9%) would result in the carrying amount of the CGU corresponding to the recoverable amount, all other things being equal. On the reporting date of June 30, 2024, property, plant and equipment amounting to € 103.5 million (December 31, 2023: € 103.5 million) was secured by registered and deposited pledge agreements, primarily for liabilities owed to credit institutions. 36

Notes to the Consolidated Financial Statements_H1 2024 €m Fair value level Classification 12/31/2023 06/30/2024 Book value Fair value Book value Fair value Financial assets measured at fair value Other current assets - derivatives with positive market value that are already assigned to receivables (Fair value hedge) Other current assets - derivatives with positive market value (cash flow hedge) Trade receivables Other financial assets Total Financial assets not measured at fair value Cash and cash equivalents Trade receivables Other financial assets Total Total Level 2 Hedging Instruments Level 2 Hedging Instruments Level 3 Level 3 - - - FVPL FVOCI (excluding recycling) AC AC AC 4.7 11.0 17.9 0.2 33.8 259.0 332.9 40.4 632.2 666.1 4.7 11.0 17.9 0.2 259.0 332.9 40.4 0 14.8 19.3 0.2 34.4 105.8 328.8 48.3 483.0 517.3 0 14.8 19.3 0.2 105.8 328.8 48.3 The table below shows the carrying amounts and fair values of financial liabilities (financial instruments shown on the liabilities side), broken down by class and IFRS 9 measurement category. However, it does not provide any information in relation to financial liabilities not measured at fair value where the carrying amount is a reasonable approximation of fair value. €m Fair value level Classification 12/31/2023 06/30/2024 Book value Fair value Book value Fair value Financial liabilities measured at fair value Other financial liabilities - derivatives with a negative market value that are already been assigned to receivables Other financial liabilities - derivatives with negative market value (cash flow hedge) Total Financial liabilities not measured at fair value Interest-bearing liabilities Liabilities from deliveries and services Options on non-controlling interests Other financial liabilities (current and non-current) Total Total *) Valuation is based on other reserves in equity. Level 2 Hedging Instruments Level 2 Hedging Instruments Level 3 - - - AC AC *) AC 0.4 1.7 2.1 961.6 677.0 5.8 81.6 1,726.1 1,728.2 0.4 1.7 979.4 677.0 5.8 81.6 0.1 0.9 1.0 1,487.9 477.1 102.6 89.9 2,157.6 2,158.5 0.1 0.9 1,491.7 477.1 102.6 89.9 Fair value determination: In relation to the valuation technique, please refer to Note 44 (Classification and Fair Value) of the consolidated financial statements of PIERER Mobility as of December 31, 2023. 38

Notes to the Consolidated Financial Statements_H1 2024 Statement of All Legal Representatives Declaration of the Executive Board pursuant to section 125 (1) of the Austrian Stock Exchange Act (§ 125 Abs. 1 Börsegesetz) We confirm that, to the best of our knowledge, the condensed interim consolidated financial statements, which have been prepared in accordance with the applicable accounting standards, give a true and fair view of the assets, liabilities, financial position, and profit or loss of the PIERER Mobility Group. Furthermore, that the interim group management report gives a true and fair view of the assets, liabilities, financial position and earnings position of the group in relation to the important events that occurred during the first six months of the financial year and their impact on the condensed interim consolidated financial statements in relation to the principal risks and uncertainties for the remaining six months of the financial year and in relation to material transactions with related parties requiring disclosure. Wels, August 23, 2024 The Executive Board of PIERER Mobility AG Stefan Pierer Hubert Trunkenpolz Florian Kecht Alex Pierer Rudolf Wiesbeck 40

Notes to the Consolidated Financial Statements_H1 2024 42 Svartpilen 801 MY24 © Rudi Schedl

PIERER Mobility AG Edisonstrasse 1 4600 Wels, Austria www.pierermobility.com