Azenta Reports Fourth Quarter and Full Year Fiscal 2025 Results, Ended September 30, 2025

— Q4'25 reported revenue growth of 6% year over year and 4% on an organic basis

— FY'25 reported revenue growth of 4% and 3% on an organic basis

— FY'25 Adjusted EBITDA margin expansion of 310 basis points versus last year

— FY'26 organic revenue growth expected to be 3% to 5% year over year, with Adjusted EBITDA margin expansion of approximately 300 basis points

Azenta, Inc. (Nasdaq: AZTA) today reported financial results for the fourth quarter and fiscal year ended September 30, 2025.

Quarter Ended Year EndedDollars in millions, except per share data September 30, September 30, September 30, September 30, 2025 2024(1) Change 2025 2024(1) ChangeRevenue from Continuing Operations $ 159 $ 151 6% $ 594 $ 573 4%Organic growth 4% 3%Sample Management Solutions $ 86 $ 85 2% $ 325 $ 319 2%Multiomics $ 73 $ 66 11% $ 269 $ 255 6%Diluted EPS Continuing Operations $ 1.11 $ (0.04) NM $ 0.52 $ (0.46) NMDiluted EPS Total $ 1.02 $ (0.14) NM $ (1.30) $ (3.10) 58%Non-GAAP Diluted EPS Continuing Operations $ 0.21 $ 0.19 8% $ 0.51 $ 0.48 8%Adjusted EBITDA Continuing Operations $ 21 $ 16 29% $ 66 $ 46 44%Adjusted EBITDA Margin – Continuing Operations 13.0 % 10.7 % 11.2 % 8.0 %

(1) Reflects revisions for an immaterial classification error among cost of revenue, research and development expenses, and selling, general and administrative expenses, and other immaterial adjustments, as further described in this release.

Management Comments “Fiscal 2025 was a transformative year for Azenta. We achieved 3% core revenue growth and meaningful margin expansion,” said John Marotta, President and Chief Executive Officer. “We simplified our organization, made significant progressenabled by the Azenta Business System, and strengthened our execution, which is driving measurable improvements in quality, delivery, and productivity.”

Mr. Marotta continued, “We enter fiscal 2026 in a healthier position, with a more streamlined and accountable structure, with sharper focus on the customer, and growing momentum across the business. We expect core growth between 3% and 5%, approximately 300 basis points of adjusted EBITDA margin expansion, and higher free cash flow generation.”

Fourth Quarter Fiscal2025 Results – Continuing Operations

— Revenue was $159 million, up 6% year over year. Organic revenue, which excludes the impact from foreign exchange, grew 4% year over year, mainly attributable to higher revenue in Multiomics.

— Sample Management Solutions revenue was $86 million, up 2% year over year.

— Organic revenue was flat, mainly driven by lower revenue in Cryogenic Systems, offset by higher revenue in Clinical Biostores, Automated Stores, Consumables and Instruments, and Sample Storage.

— Multiomics revenue was $73 million, up 11% year over year.

— Organic revenue grew 10% year over year, primarily driven by growth in Next Generation Sequencing and Gene Synthesis, partially offset by a year-over-year decline in Sanger sequencing revenue.

Summary of GAAP Earnings Results – Continuing Operations

— Operating income was $2 million. Operating margin was 1.2%, an improvement of 430 basis points year over year.

— Gross margin was 45.4%, flat year over year, reflecting continued cost discipline, operational improvements, and favorable sales mix in Sample Management Solutions, offset by higher costs and lower volumes in parts of the Multiomics segment.

— Operating expenses were $70 million, down 4% year over year, primarily driven by lower selling, general and administrative expenses, lower transformation and lower restructuring charges, partially offset by higher research and development costs.

— Other income included $5 million of net interest income versus $6 million in the prior year period.

— Tax adjustments include a one-time $45.6 million benefit related to a worthless stock deduction on one of the Company's foreign subsidiaries.

— Diluted EPS from continuing operations was $1.11 compared to ($0.04) one year ago. Diluted EPS from discontinued operations was ($0.08). Total diluted EPS was $1.02, compared to ($0.14) a year ago.

Summary of Non-GAAP Earnings Results- Continuing Operations

— Adjusted operating income was $9 million. Adjusted operating margin was 5.7%, an improvement of 60 basis points year over year.

— Adjusted gross margin was 46.7%, down 20 basis points year over year, reflecting higher costs and lower volumes in parts of the Multiomics segment, partially offset by continued cost discipline, operational improvements, and favorable sales mix in Sample Management Solutions.

— Adjusted operating expenses in the quarter were $65 million, up 4% year over year, primarily driven by higher selling, general and administrative expenses and higher research and development costs.

— Adjusted EBITDA was $21 million, and Adjusted EBITDA margin was 13.0%, an improvement of 230 basis points year over year.

— Non-GAAP Diluted EPS was $0.21, compared to $0.19 one year ago.

Full Year Fiscal2025 Results- Continuing Operations

— Revenue for fiscal 2025 was $594 million, up 4% year over year. Organic revenue increased 3%, which excludes the impact from foreign exchange. The year-over-year revenue increase was largely attributable to higher Multiomics revenue.

— Sample Management Solutions revenue was $325 million, up 2% year over year.

— Organic revenue was up 1%, primarily driven by growth in Clinical Biostores, Consumables and Instruments and Sample Storage, partially offset by lower revenue in Cryogenic Systems and Automated Stores.

— Multiomics revenue was $269 million, up 6% year over year.

— Organic revenue grew 5% year over year, driven by growth in Next Generation Sequencing, partially offset by a year-over-year revenue decline in Sanger sequencing and Gene Synthesis.

Summary of GAAP Results – Continuing Operations

— Operating loss was $27 million. Operating margin was (4.5%), an improvement of 440 basis points year over year.

— Gross margin was 45.5%, up 110 basis points year over year, primarily driven by higher revenue, favorable sales mix, operating efficiencies and improved cost execution.

— Operating expenses were $297 million, down 3% year over year due to lower research and development costs, lower selling, general and administrative expenses, lower restructuring charges, lower merger and acquisition costs and costs related to share repurchases, and lower amortization costs, as well as the impact of intangible asset impairment charges recorded in the prior year.

— Other income included $19 million of net interest income versus $33 million in the prior year period.

— Tax adjustments include a one-time $45.6 million benefit related to a worthless stock deduction on one of the Company's foreign subsidiaries.

— Diluted EPS from continuing operations was $0.52 compared to ($0.46) in fiscal 2024. Diluted EPS from discontinued operations was ($1.81). Total diluted EPS was ($1.30), compared to ($3.10) a year ago.

Summary of Non-GAAP Results -Continuing Operations

— Adjusted operating income was $16 million. Adjusted operating margin was 2.6%, an improvement of 200 basis points year over year.

— Adjusted gross margin was 46.9%, up 100 basis points year over year, primarily driven by favorable product mix, operating efficiencies and cost reduction initiatives.

— Adjusted operating expenses were $263 million, up 1% year over year, primarily driven by higher selling, general and administrative expenses, partially offset by lower research and development costs.

— Adjusted EBITDA was $66 million, and Adjusted EBITDA margin was 11.2%, an improvement of 310 basis points year over year.

— Non-GAAP Diluted EPS for fiscal 2025 was $0.51, compared to $0.48 in fiscal 2024.

Cash and Liquidity as of September 30, 2025

— The Company ended fiscal year 2025 with a total balance of cash, cash equivalents, restricted cash, and marketable securities of $546 million.

— Capital expenditures were $8 million in the quarter and $34 million for the full year.

Guidance for Full Year Fiscal 2026

— Total organic revenue is expected to grow in the range of 3% to 5% relative to fiscal 2025.

— Adjusted EBITDA margin expansion is expected to be approximately 300 basis points relative to fiscal 2025.

Revision of Previously Issued Financial Statements During the fourth quarter of fiscal 2025, the Company identified a classification error in previously issued consolidated statements of operations. Certain costs had been incorrectly allocated among cost of revenue, research and development expenses, and selling, general and administrative expenses. As a result, cost of revenue and research and development expenses were understated and selling, general and administrative expenses were overstated by equal and offsetting amounts. The Company concluded that the error was not material, individually or in the aggregate, to any previously issued financial statements.Accordingly, the Company has corrected the error by revising the consolidated financial statements for all affected prior periods as presented herein. These revisions also reflect the correction of certain other immaterial prior-period errors that had previously been corrected on an out-of-period basis in the periods in which they were identified. Management is evaluating the impact of the classification error on the effectiveness of the Company's internal control over financial reporting. Further information regarding these revisions will be provided in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025.

Azenta does not provide forward-looking guidance on a GAAP basis for the measures on which it provides forward-looking non-GAAP guidance as the Company is unable to provide a quantitative reconciliation of forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP measure, without unreasonable effort, because of the inherent difficulty in accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliations that have not yet occurred, are dependent on various factors, are out of the company's control, or cannot be reasonably predicted. Such adjustments include, but are not limited to, transformation costs, restructuring charges, costs related to acquisitions and divestitures costs, governance-related matters, goodwill and intangible impairments, stock-based compensation, and other gains and charges that are not representative of the normal operations of the business.

Conference Call and Webcast Azenta management will webcast its fourth quarter and full year fiscal 2025earnings conference call today at 8:30 a.m. Eastern Time. During the call, Company management will respond to questions concerning, but not limited to, the Company's financial performance, business conditions and industry outlook. Management's responses could contain information that has not been previously disclosed.

The call will be broadcast live over the Internet and, together with presentation materials referenced on the call, will be hosted at the Investor Relations section of Azenta's website at https://investors.azenta.com/events and will be archived online on this website for convenient on-demand replay.

Regulation G – Use of Non-GAAP financial Measures The Company supplements its GAAP financial measures with certain non-GAAP financial measures to provide investors a better perspective on the results of business operations, which the Company believes is more comparable to the similar analyses provided by its peers. These measures are not presented in accordance with, nor are they a substitute for, U.S. generally accepted accounting principles, or GAAP. These measures should always be considered in conjunction with appropriate GAAP measures. A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures is included at the end of this release following the consolidated balance sheets and statements of operations. Certain amounts in the tables that supplement the consolidated financial statements may not sum due to rounding. All percentages are calculated using unrounded amounts.

“Safe Harbor Statement” under Section 21E of the Securities Exchange Act of 1934 Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Azenta's financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. Forward-looking statements include but are not limited to statements about our revenue and earnings expectations, our ability to realize margin improvement from cost reductions, and our ability to deliver financial success in the future and otherwise related to future operating or financial performance and opportunities. Factors that could cause results to differ from our expectations include the following: uncertainties in global political and economic conditions, including the imposition of additional tariffs on goods imported into the US, our ability to reduce costs effectively; the volatility of the life sciences markets the Company serves; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; price competition; disputes concerning intellectual property; and other factors and other risks, including those that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, Current Reports on Form 8-K and our Quarterly Reports on Form 10-Q. As a result, we can provide no assurance that our future results will not be materially different from those projected. Azenta expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions, or circumstance on which any such statement is based. Azenta undertakes no obligation to update the information contained in this press release.

About Azenta Life Sciences Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life sciences solutions worldwide, enabling life science organizations around the world to bring impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and multiomics services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. Our global team delivers and supports these products and services through our industry-leading brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, and Barkey.

Azenta is headquartered in Burlington, Massachusetts, with operations in North America, Europe and Asia. For more information, please visit www.azenta.com.

AZENTA INVESTOR CONTACTS:

Yvonne Perron Vice President, Financial Planning & Analysis and Investor Relations ir@azenta.com

Maria Isabel Cuartas Manager Investor Relations ir@azenta.com

AZENTA, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)(In thousands, except per share data) Three Months Ended Year Ended September 30, September 30, 2025 2024 2025 2024RevenueProducts $ 48,020 $ 47,210 $ 173,189 $ 173,717Services 111,172 103,394 420,632 399,731Total revenue 159,192 150,604 593,821 573,448Cost of revenueProducts 26,287 28,281 94,894 105,446Services 60,631 53,836 228,647 213,380Total cost of revenue 86,918 82,117 323,541 318,826Gross profit 72,274 68,487 270,280 254,622Operating expensesResearch and development 8,258 7,539 30,390 31,524Selling, general and administrative 61,709 64,734 261,563 262,958Impairment of goodwill and intangible assets – – – 4,658Restructuring charges 406 851 5,171 6,766Total operating expenses 70,373 73,124 297,124 305,906Operating income (loss) 1,901 (4,637) (26,844) (51,284)Other income (expense)Interest income, net 5,019 5,532 18,779 32,891Other income (expense), net (620) (604) 922 (732)Income (loss) from continuing operations before income taxes 6,300 291 (7,143) (19,125)Income tax (benefit) expense (44,553) 2,036 (30,801) 5,241Income (loss) from continuing operations 50,853 (1,745) 23,658 (24,366)Loss from discontinued operations, net of tax (3,716) (4,894) (83,161) (140,531)Net income (loss) $ 47,137 $ (6,639) $ (59,503) $ (164,897)Basic net income (loss) per share:Income (loss) from continuing operations $ 1.11 $ (0.04) $ 0.52 $ (0.46)Loss from discontinued operations, net of tax (0.08) (0.10) (1.82) (2.64)Net income (loss) per share $ 1.03 $ (0.14) $ (1.30) $ (3.10)Diluted net income (loss) per share:Income (loss) from continuing operations $ 1.11 $ (0.04) $ 0.52 $ (0.46)Loss from discontinued operations, net of tax (0.08) (0.10) (1.81) (2.64)Diluted net income (loss) per share $ 1.02 $ (0.14) $ (1.30) $ (3.10)Weighted average shares used in computing net income (loss) per share:Basic 45,833 48,079 45,743 53,175Diluted 45,994 48,079 45,896 53,175

AZENTA, INC.CONSOLIDATED BALANCE SHEETS(unaudited)(In thousands, except share and per share data) September 30, September 30, 2025 2024AssetsCurrent assetsCash and cash equivalents $ 279,783 $ 280,030Short-term marketable securities 61,137 151,162Accounts receivable, net of allowance for expected credit losses ($4,649 and $5,349, respectively) 142,181 154,172Inventories 74,956 71,320Short-term restricted cash 2,359 2,069Refundable income taxes 9,728 23,866Prepaid expenses and other current assets 64,660 51,360Current assets held for sale 74,830 99,052Total current assets 709,634 833,031Property, plant and equipment, net 153,954 155,622Long-term marketable securities 201,585 49,454Long-term deferred tax assets 726 837Operating lease right-of-use assets 54,048 60,406Goodwill 702,395 691,409Intangible assets, net 101,814 125,042Long term income taxes receivable 45,600 -Other assets 6,115 10,670Noncurrent assets held for sale 80,983 173,794Total assets $ 2,056,854 $ 2,100,265Liabilities and stockholders' equityCurrent liabilitiesAccounts payable $ 37,722 $ 33,344Deferred revenue 32,569 30,493Derivative liability 33,420 1,915Accrued warranty and retrofit costs 4,713 5,213Accrued compensation and benefits 35,799 29,216Accrued customer deposits 26,499 22,324Accrued income taxes payable 9,416 9,085Accrued expenses and other current liabilities 30,268 44,443Current liabilities held for sale 29,563 30,050Total current liabilities 239,969 206,083Long-term deferred tax liabilities 19,046 18,184Long-term operating lease liabilities 51,244 56,683Other long-term liabilities 10,140 9,272Noncurrent liabilities held for sale 13,209 42,196Total liabilities 333,608 332,418Stockholders' equityPreferred stock, $0.01 par value – 1,000,000 shares authorized, no shares issued or outstanding – -Common stock, $0.01 par value – 125,000,000 shares authorized, 59,320,848 shares issued 594 590and 45,858,979 shares outstanding at September 30, 2025, 59,031,953 shares issuedand 45,570,084 shares outstanding at September 30, 2024Additional paid-in capital 529,605 505,958Accumulated other comprehensive loss (22,213) (13,464)Treasury stock, at cost – 13,461,869 shares at September 30, 2025 and September 30, 2024 (200,956) (200,956)Retained earnings 1,416,216 1,475,719Total stockholders' equity 1,723,246 1,767,847Total liabilities and stockholders' equity $ 2,056,854 $ 2,100,265

AZENTA, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(In thousands) Year Ended September 30, 2025 2024Cash flows from operating activitiesNet loss $ (59,503) $ (164,897)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation and amortization 61,209 90,744Impairment of goodwill and intangible assets – 115,975Loss on assets held for sale 97,139 -Property, plant and equipment and other asset write-offs 3,478 4,430Inventory write-downs – 3,290Other non-cash charges related to restructuring and transformation – 4,317Stock-based compensation 20,881 14,467Amortization and accretion on marketable securities (1,578) (6,032)Deferred income taxes (27,152) (16,072)Loss on disposals of property, plant and equipment 711 296Changes in operating assets and liabilities:Accounts receivable 21,039 (11,589)Inventories (3,966) 15,896Accounts payable 1,037 9,196Deferred revenue 1,641 (3,558)Accrued warranty and retrofit costs (435) (684)Accrued compensation and tax withholdings 6,607 (2,754)Long term income taxes receivable (45,600) -Other assets and liabilities (3,327) (3,282)Net cash provided by operating activities 72,181 49,743Cash flows from investing activitiesPurchases of property, plant and equipment (33,857) (37,392)Purchases of marketable securities and other investments (451,409) (405,575)Sales and maturities of marketable securities 389,452 666,230Proceeds from other investment 2,130 -Net investment hedge settlement 3,223 1,476Net cash (used in) provided by investing activities (90,461) 224,739Cash flows from financing activitiesProceeds from issuance of common stock 2,770 3,279Payments of finance leases (985) (783)Share repurchases – (661,703)Excise tax payment for settled share repurchases (11,376) -Net cash used in financing activities (9,591) (659,207)Effects of exchange rate changes on cash and cash equivalents 3,566 21,670Net decrease in cash, cash equivalents and restricted cash (24,305) (363,055)Cash, cash equivalents and restricted cash, beginning of period 320,990 684,045Cash, cash equivalents and restricted cash, end of period $ 296,685 $ 320,990Supplemental disclosures:Cash paid for income taxes, net $ 6,568 2,704Purchases of property, plant and equipment included in accounts payable and accrued expenses 4,693 2,767Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheetsCash and cash equivalents of continuing operations $ 279,783 $ 280,030Cash included in current assets held for sale 13,206 30,899Short-term restricted cash included in prepaid expenses and other current assets 2,359 2,069Long-term restricted cash included in other assets 1,337 7,992Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 296,685 $ 320,990

Notes on Non-GAAP Financial Measures Non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management adjusts the GAAP results for the impact of amortization of intangible assets, restructuring charges, purchase price accounting adjustments and charges related to M&A, non-recurring costs related to the Company's business transformation initiatives and share repurchases to provide investors better perspective on the results of operations which the Company believes is more comparable to the similar analysis provided by its peers. Management also excludes special charges and gains, such as impairment losses, gains and losses from the sale of assets, certain tax benefits and charges, as well as other gains and charges that are not representative of the normal operations of the business. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and not rely on any single measure.

Quarter Ended September 30, 2025 June 30, 2025(*) September 30, 2024(*) per diluted per diluted per dilutedDollars in thousands, except per share data $ share $ share $ shareNet income (loss) from continuing operations $ 50,853 $ 1.11 $ (331) $ (0.01) $ (1,745) $ (0.04)Adjustments:Amortization of completed technology 2,088 0.05 2,068 0.05 2,096 0.04Amortization of other intangible assets 3,977 0.09 4,123 0.09 4,842 0.10Transformation costs(1) 634 0.01 1,542 0.03 4,568 0.10Restructuring charges 406 0.01 754 0.02 851 0.02Merger and acquisition costs and costs related to share repurchase(2) 87 0.00 58 0.00 52 0.00Tax adjustments(3) (46,160) (1.00) – – 259 0.01Tax effect of adjustments (2,246) (0.05) (534) (0.01) (1,576) (0.03)Other Adjustments – – 38 0.00 – -Non-GAAP adjusted net income from continuing operations $ 9,639 $ 0.21 $ 7,718 $ 0.17 $ 9,347 $ 0.19Stock-based compensation, pre-tax 3,901 0.08 3,045 0.07 1,649 0.03Tax rate 17 % – 17 % – 14 % -Stock-based compensation, net of tax 3,238 0.07 2,536 0.06 1,418 0.03Non-GAAP adjusted net income excluding stock-based compensation – continuing operations $ 12,877 $ 0.28 $ 10,254 $ 0.22 $ 10,765 $ 0.22Shares used in computing non-GAAP diluted net income per share 45,994 45,780 48,079

Year Ended September 30, 2025 September 30, 2024(*) per diluted per dilutedDollars in thousands, except per share data $ share $ shareNet income (loss) from continuing operations $ 23,658 $ 0.52 $ (24,366) $ (0.46)Adjustments:Amortization of completed technology 7,965 0.17 8,066 0.15Amortization of other intangible assets 16,475 0.36 20,496 0.39Transformation costs(1) 10,405 0.23 9,879 0.19Restructuring charges 5,171 0.11 6,766 0.13Impairment of goodwill and intangible assets – – 4,658 0.09Merger and acquisition costs and costs related to share repurchase(2) 2,403 0.05 4,874 0.09Investment income(3) (2,130) (0.05) – -Tax adjustments(4) (38,860) (0.85) 3,638 0.07Tax effect of adjustments (1,675) (0.04) (8,668) (0.16)Other special charges 38 0.00 – -Non-GAAP adjusted net income from continuing operations $ 23,450 $ 0.51 $ 25,343 $ 0.48Stock-based compensation, pre-tax 19,849 0.43 13,750 0.26Tax rate 17 % – 14 % -Stock-based compensation, net of tax 16,475 0.36 11,825 0.22Non-GAAP adjusted net income excluding stock-based compensation – continuing operations $ 39,925 $ 0.87 $ 37,168 $ 0.70Shares used in computing non-GAAP diluted net income per share – 45,896 – 53,175

(*) See footnote (1) on Page 1.(1) Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company's operations, processes and systems to permanently alter the Company's operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company's 2024 cost reductionplan, and primarily relate to one time asset write-downs associated with changes in technology, one time inventory write-downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process andsystems re-design.(2) Includes expenses related to governance-related matters.(3) The Company received $2.1 million of cash proceeds from a cost method investment which had no cost basis during the three months ended March 31, 2025. The gain is non-recurring and non-operational in nature.(4) Tax adjustments during all periods include adjustments to tax benefits related to stock-based compensation. These adjustments are recognized in the period of vesting for US GAAP but included in the annual effective tax rate for Non-GAAP reporting. In the fourth quarter of fiscal year 2025, tax adjustments include a one-time $45.6 millionbenefit related to a worthless stock deduction on one of the Company'sforeign subsidiaries, that is excluded from non-GAAP results.

Quarter Ended Year Ended September 30, June 30, September 30, September 30, September 30,Dollars in thousands 2025 2025(*) 2024(*) 2025 2024(*)GAAP net income (loss) $ 47,137 $ (47,984) $ (6,639) $ (59,503) $ (164,897)Less: Loss from discontinued operations (3,716) (47,653) (4,894) (83,161) (140,531)GAAP net income (loss) from continuing operations 50,853 (331) (1,745) 23,658 (24,366)Adjustments:Interest income, net (5,019) (4,973) (5,532) (18,779) (32,891)Income tax expense (44,553) 2,635 2,036 (30,801) 5,241Depreciation 8,338 8,399 7,275 32,033 29,691Amortization of completed technology 2,088 2,068 2,096 7,965 8,066Amortization of other intangible assets 3,977 4,123 4,842 16,475 20,496Earnings before interest, taxes, depreciation and amortization – Continuing operations $ 15,684 $ 11,921 $ 8,972 $ 30,551 $ 6,237

Quarter Ended Year Ended September 30, June 30, September 30, September 30, September 30,Dollars in thousands 2025 2025(*) 2024(*) 2025 2024(*)Earnings before interest, taxes, depreciation and amortization – Continuing operations $ 15,684 $ 11,921 $ 8,972 $ 30,551 $ 6,237Adjustments:Stock-based compensation 3,901 3,045 1,649 19,849 13,750Restructuring charges 406 754 851 5,171 6,766Impairment of goodwill and intangible assets – – – – 4,658Merger and acquisition costs and costs related to share repurchase(1) 87 58 52 2,403 4,874Transformation costs(2) 634 1,542 4,568 10,405 9,879Investment Income(3) – – – (2,130) -Other adjustments – 38 – 34 -Adjusted earnings before interest, taxes, depreciation and amortization – Continuing operations $ 20,712 $ 17,358 $ 16,092 $ 66,283 $ 46,164

(*) See footnote (1) on Page 1.(1) Includes expenses related to governance-related matters.(2) Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company's operations, processes and systems to permanently alter the Company's operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company's 2024 cost reductionplan, and primarily relate to one time asset write-downs associated with changes in technology, one time inventory write-downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process andsystems re-design.(3) The Company received $2.1 million of cash proceeds from a cost method investment which had no cost basis during the three months ended March 31, 2025. The gain is non-recurring and non-operational in nature.

Quarter EndedDollars in thousands September 30, 2025 June 30, 2025(*) September 30, 2024(*)GAAP gross profit $ 72,274 45.4 % $ 66,404 46.2 % $ 68,487 45.5 %Adjustments:Amortization of completed technology 2,088 1.3 % 2,068 1.4 % 2,096 1.4 %Transformation costs(1) – – % – – % 145 0.1 %Other adjustments – – % 25 0.0 % – – %Non-GAAP adjusted gross profit $ 74,362 46.7 % $ 68,497 47.6 % $ 70,728 47.0 %

Year EndedDollars in thousands September 30, 2025 September 30, 2024(*)GAAP gross profit $ 270,280 45.5 % $ 254,622 44.4 %Adjustments:Amortization of completed technology 7,965 1.3 % 8,066 1.4 %Transformation costs(1) 52 0.0 % 377 0.1 %Other adjustment 18 0.0 % (20) (0.0) %Non-GAAP adjusted gross profit $ 278,315 46.9 % $ 263,045 45.9 %

Sample Management Solutions Multiomics Quarter Ended Quarter Ended September 30, June 30, September 30, September 30, June 30, September 30,Dollars in thousands 2025 2025(*) 2024(*) 2025 2025(*) 2024(*)GAAP gross profit $ 41,175 47.9 % $ 40,178 51.8 % $ 38,992 46.1 % $ 31,094 42.5 % $ 26,222 39.6 % $ 29,476 44.7 %Adjustments:Amortization of completed technology 1,226 1.4 % 1,208 1.6 % 1,056 1.2 % 862 1.2 % 860 1.3 % 1,040 1.6 %Transformation costs(1) – – % 25 0.0 % 145 0.2 % – – – – – -Non-GAAP adjusted gross profit $ 42,401 49.3 % $ 41,411 53.4 % $ 40,193 47.5 % $ 31,956 43.7 % $ 27,082 40.9 % $ 30,516 46.2 %

Total Segments Quarter Ended September 30, June 30, September 30,Dollars in thousands 2025 2025(*) 2024(*)GAAP gross profit $ 72,274 45.4 % $ 66,400 46.2 % $ 68,487 45.5 %Adjustments:Amortization of completed technology 2,088 1.3 % 2,068 1.4 % 2,096 1.4 %Transformation costs(1) – – % 25 0.0 % 145 0.1 %Non-GAAP adjusted gross profit $ 74,362 46.7 % $ 68,493 47.6 % $ 70,728 47.0 %

Sample Management Solutions Multiomics Year Ended Year EndedDollars in thousands September 30, 2025 September 30, 2024(*) September 30, 2025 September 30, 2024(*)GAAP gross profit $ 156,645 48.3 % $ 141,447 44.4 % $ 113,635 42.2 % $ 113,175 44.5 %Adjustments:Amortization of completed technology 4,522 1.4 % 3,909 1.2 % 3,443 1.3 % 4,157 1.6 %Transformation costs(1) 52 0.0 % 377 0.1 % – – – -Other adjustment 26 0.0 % (10) (0.0) % (8) (0.0) % (10) (0.0) %Non-GAAP adjusted gross profit $ 161,245 49.7 % $ 145,723 45.7 % $ 117,070 43.5 % $ 117,322 46.1 %

Total Segments Year EndedDollars in thousands September 30, 2025 September 30, 2024(*)GAAP gross profit $ 270,280 45.5 % $ 254,622 44.4 %Adjustments:Amortization of completed technology 7,965 1.3 % 8,066 1.4 %Transformation costs(1) 52 0.0 % 377 0.1 %Other adjustment 18 0.0 % (20) (0.0) %Non-GAAP adjusted gross profit $ 278,315 46.9 % $ 263,045 45.9 %

Sample Management Solutions Multiomics Quarter Ended Quarter Ended September 30, June30, September 30, September 30, June30, September 30,Dollars in thousands 2025 2025(*) 2024(*) 2025 2025(*) 2024(*)GAAP operating income (loss) $ 8,015 $ 9,323 $ 7,503 $ (1,029) $ (4,818) $ (2,009)Adjustments: . .Amortization of completed technology 1,226 1,208 1,056 862 860 1,040Transformation costs(1) (57) 168 163 – – -Other adjustment 42 38 – 31 – -Non-GAAP adjusted operating income (loss) $ 9,226 $ 10,737 $ 8,722 $ (136) $ (3,958) $ (969)

Total Segments Corporate Total Quarter Ended Quarter Ended Quarter Ended September 30, June September 30, September 30, June September 30, September 30, June September 30, 30, 30, 30,Dollars in thousands 2025 2025(*) 2024(*) 2025 2025(*) 2024(*) 2025 2025(*) 2024(*)GAAP operating income (loss) $ 6,986 $ 4,505 $ 5,494 $ (5,085) $ (6,355) $ (10,131) $ 1,901 $ (1,850) $ (4,637)Adjustments:Amortization of completed technology 2,088 2,068 2,096 – – – 2,088 2,068 2,096Amortization of other intangible assets – – – 3,977 4,123 4,842 3,977 4,123 4,842Transformation costs(1) (57) 168 163 691 1,374 4,405 634 1,542 4,568Restructuring charges – – – 406 754 851 406 754 851Merger and acquisition costs and costs related to share repurchase(2) – – – 87 58 52 87 58 52Other adjustment 73 38 – (73) – – – 38 -Non-GAAP adjusted operating income (loss) $ 9,090 $ 6,779 $ 7,753 $ 3 $ (46) $ 19 $ 9,093 $ 6,733 $ 7,772

Sample Management Solutions Multiomics Year Ended Year Ended September 30, September 30, September 30, September 30,Dollars in thousands 2025 2024(*) 2025 2024(*)GAAP operating income (loss) $ 20,124 $ 6,647 $ (15,414) $ (11,893)Adjustments:Amortization of completed technology 4,522 3,909 3,443 4,157Amortization of other intangible assets – 155 – -Transformation costs(1) 2,820 395 – -Other adjustments 84 – 34 3Non-GAAP adjusted operating income (loss) $ 27,550 $ 11,106 $ (11,937) $ (7,733)

Total Segments Corporate Total Year Ended Year Ended Year Ended September 30, September 30, September 30, September 30, September 30, September 30,Dollars in thousands 2025 2024(*) 2025 2024(*) 2025 2024(*)GAAP operating income (loss) $ 4,710 $ (5,246) $ (31,554) $ (46,038) $ (26,844) $ (51,284)Adjustments:Amortization of completed technology 7,965 8,066 – – 7,965 8,066Amortization of other intangible assets – 155 16,475 20,341 16,475 20,496Transformation costs(1) 2,820 395 7,585 9,484 10,405 9,879Restructuring charges – – 5,171 6,766 5,171 6,766Impairment of goodwill and intangible assets – – – 4,658 – 4,658Merger and acquisition costs and costs related to share repurchase(2) – – 2,403 4,874 2,403 4,874Other adjustments 118 3 (84) (24) 34 (21)Non-GAAP adjusted operating income (loss) $ 15,613 $ 3,373 $ (4) $ 61 $ 15,609 $ 3,434

Sample Management Solutions Multiomics Azenta Total Quarter Ended Quarter Ended Quarter Ended September 30, September 30, September 30, September 30, September 30, September 30,Dollars in millions 2025 2024 Change 2025 2024 Change 2025 2024 ChangeRevenue $ 86 $ 85 2 % $ 73 $ 66 11 % $ 159 $ 151 6 %Currency exchange rates (1) – (2) % (1) – (1) % (2) – (2) %Organic revenue $ 85 $ 85 0 % $ 72 $ 66 10 % $ 157 $ 151 4 %

Sample Management Solutions Multiomics Azenta Total Year Ended Year Ended Year Ended September 30, September 30, September 30, September 30, September 30, September 30,Dollars in millions 2025 2024 Change 2025 2024 Change 2025 2024 ChangeRevenue $ 325 $ 319 2 % $ 269 $ 255 6 % $ 594 $ 573 4 %Currency exchange rates (3) – (1) % (1) – (0) % (4) – (1) %Organic revenue $ 322 $ 319 1 % $ 268 $ 255 5 % $ 590 $ 573 3 %

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