Slide 1: Q2 2026 and H1 2026 Results Presentation
Q2 2026 and H1 2026 Results Presentation 31 July 2026
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by Zabka Group S.A. with its registered office in Luxembourg, Grand Duchy of Luxembourg (the “Company”, together with its subsidiary undertakings, the “Group”) to provide a general overview of the Company and the Group through a set
Slide 3: Alternative Performance Measures - Disclaimer
Alternative Performance Measures - Disclaimer This presentation contains certain financial metrics which are not defined or specified under IFRS and therefore qualify as Alternative Performance Measures (“APMs”) in accordance with the ESMA Guidelines on Alternative Performance Measures (ESMA/2015/14
Slide 4: Today’s Presenters
Today’s Presenters Tomasz Suchański Tomasz Blicharski Marta Wrochna- Group CEO, Group Chief Strategy Łastowska Chairman of the & Development Group CFO Board Officer 4
Slide 5: Strategic Highlights
Strategic Highlights
Slide 6: Q2 2026: Consistent execution translating into further growth, margin improvement and cash generation
Q2 2026: Consistent execution translating into further growth, margin improvement and outstanding cash generation Q2 26 Sales to End Customers* Q2 26 Like-for-Like* Store network1 as of 30 June 2026 PLN 9.2bn +4.0% 13,063 +13.2% YoY +1,368 YoY Gross store openings2 Q2 26 Adjusted EBITDA* Q2 26 Adjus
Slide 7: Strong execution keeps us on track to achieve our strategic ambitions
Strong execution keeps us on track to achieve our strategic ambitions External factors in Q2 2026 LfL Growt Q2 26 +1,3681 LTM gross openings Consumers remained cautious amid hi Progressing in line with guidance of ongoing macroeconomic and n 1,300+ store openings p.a. in PL and RO geopolitical unce
Slide 8: Market Environment And Strategy Execution
Market Environment And Strategy Execution
Slide 9: External environment stabilizing, with consumer indicators on an improving trajectory
External environment stabilizing, with consumer indicators on an improving trajectory Consumer fundamentals remain resilient despite a mixed market backdrop… ...highlighting Żabka's ability to gain market share in a mixed environment ▪ CPI remained subdued across key Rolling LTM Market share evoluti
Slide 10: Strategic Pillars update
Strategic Pillars update LfL Growth LfL Growth LfL Growth ini ini ini t t t iti iti iti ati ati n n ati n rk expansio rk expansio rk expansio ves ves ves two two two Ne Ne Store openings on track with the …with LfL initiatives gaining traction… …and New Growth Engines rolling out s s Ne es e e gin g
Slide 11: Financials
Financials
Slide 12: Key Financial Highlights: Profitable growth underpinned by operational resilience
Key Financial Highlights: Profitable growth underpinned by operational resilience, robust cash generation and further balance sheet strengthening Q2 26 StEC Q2 26 LfL New Q2’25 store Gross openings Profit StEC reached PLN 9.2bn (+13.2% YoY), LfL accelerated to 4.0% in Q2 from 3.2% in 343 new stores
Slide 13: Resilient growth and continued efficiency improvements keep us on track
Resilient growth and continued efficiency improvements keep us firmly on track to deliver on our profitability ambitions Key financial metrics Q2 YTD Healthy mix of organic growth with LFL growing versus Q1 and expansion with 343 new stores, 303 in Poland and 40 in Romania (778, 706 and 72 respectiv
Slide 14: Solid adjusted EBITDA delivery reflecting topline growth and stronger profitability in Poland
Solid adjusted EBITDA delivery reflecting topline growth and stronger profitability in Poland x Adjusted EBITDA % of Sales to End Customers (PLNm, Q2 2026) ▪Further Adj. EBITDA margin expansion, reflecting continued improvements in Żabka Group excl. NGE, Conso. eliminations & Adj. and Reclass. opera
Slide 15: Robust cash generation underscores the quality and resilience of our business model
Robust cash generation once again underscores the quality and resilience of our business model… Q2 2025 Q2 2026 (PLNm) (PLNm) ▪Strong cash flow generation, driven by: Adjusted EBITDA 1,057 1,228 ▪ Adjusted EBITDA increased, supporting overall growth momentum. Rent (273) (305) ▪ Rigorous capital disc
Slide 16: ...driving further balance sheet strengthening
...driving further balance sheet strengthening Net leverage1: Net debt excl. leases2 / adjusted EBITDA post-rent* • Leverage improved from 1.2x to 0.7x year-on- year, supported by higher Adjusted EBITDA and favourable working capital dynamics, which 1.5x (0.5x) translated into substantial net cash g
Slide 17: We remain confident in the medium-term outlook and reiterate our expectations
We remain confident in the medium-term outlook and reiterate our expectations New stores 2026 We aim to open over 1,300 new stores in 2026 and continue targeting opening 1,300+ c. 1,300+ stores p.a. in the medium-term in Poland and Romania. LfL 2026 We anticipate delivering mid-to-high single-digit
Slide 18: Q&A
zabka group Q&A
Slide 19: Appendix
group Appendix s) 3 2)
Slide 20: Strong Q2 & H1 2026 Performance Across All Key Metrics
Strong Q2 & H1 2026 Performance Across All Key Metrics Gross Profit & Margin Adjusted EBITDA1 & Margin Adjusted Net Profit & Margin Free Cash Flow (PLNm / %) (PLNm / %) (PLNm / %) (PLNm) 16.3% 16.8% 13.0% 13.3% 2.7% 4.0% +16.4% +16.2% +65.8% +13.0% 1,545 1,228 366 1,214 1,327 1,057 1,074 221 Q2 25 Q
Slide 21: LTIP Buyback Programme - H2 2026 Update
LTIP Buyback Programme - H2 2026 Update The share buyback programme supports the settlement of Żabka Group’s obligations under its Long-Term Incentive Plan (LTIP) for the 2025- 2027 period, introduced at the IPO and structured around annual awards linked to long-term value creation, including EBITDA
Slide 22: APMs – Abbreviations and Definitions
APMs – Abbreviations and Definitions This slide provides the definitions, relevance explanations and calculation methodologies for all Alternative Performance Measures (“APMs”) referenced in this Presentation. These measures are not defined under IFRS and are therefore presented in accordance with t
Slide 23: APMs – Abbreviations and Definitions
APMs – Abbreviations and Definitions APMs – Abbreviations and Definitions Table (2/2) No. APM Abbreviation Definition Relevance EPS is a key indicator of value creation for shareholders, illustrating Earnings per share (EPS) represents a company’s net profit attributable to common shareholders, divi
Slide 24: Upcoming results release and investor contact
Upcoming results release: Online | 27 October Release of selected consolidated financial information for the 9-month period ended 30 September 2026 Thank you Contact for investors: ir@zabkagroup.com For more events see: https://zabkagroup.com/investors/#calendar
Slide 25: Thank you
Thank you