Slide 1: 3Q25 results presentation
3Q25 results presentation GDAŃSK, 11 DECEMBER 2025 3Q25 PRESENTATION 1
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) was prepared by LPP SA (the “Company”) with due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its standing or prospect
Slide 3: Summary 3Q25
Summary 3Q25 3Q25 PRESENTATION 3
Slide 4: Consistent business growth
Consistent business growth +4.3% 232 PLN 1.7 bn PLN 660 LFLs in stores opened stores e-commerce sales dividends per share positive including 200 in +22% YoY in CC In October, payment the second tranche of the in Reserved, House Sinsay brand dividends – PLN 330 per and Cropp brands share over PLN
Slide 5: Acceleration of profit growth in 3Q
Acceleration of profit growth in 3Q PLN 6.1 bn PLN 1.7 bn PLN 1.2 bn PLN 800 m revenue EBITDA EBIT net profit +22% YoY1 +48% YoY +61% YoY +39% YoY 1Growth reported on core business in constant currency: +23%. Growth reported including sales to trade agents in 3Q 2024: +18%. Data for 2025 have been a
Slide 6: Steady development of the Sinsay chain
Steady development of the Sinsay chain NO. OF NEW STORES NO. OF STORES BY BRANDS # (gross) # (net YoY, as at 31.10.2025) +97 245 294 296 (+11) 378 (+7) 232 382 3,426 253 (+8) (+852) 135 279 136 200 2,061 360 (+831) 105 112 (-5) 30 24 43 32 15 3Q24 4Q24 1Q25 2Q25 3Q25 FLOORSPACE Sinsay Reserved, Crop
Slide 7: Dynamic growth in key regions
Dynamic growth in key regions POLAND CEE SEE No. of Floorspace No. of Floorspace No. of Floorspace stores (ths. m2) stores (ths. m2) stores (ths. m2) 1,284 1,014 500 420 835 736 +125 +11% +135 +29% +240 +30% BALTICS WE EE & ME No. of Floorspace No. of Floorspace No. of Floorspace stores (ths. m2) st
Slide 8: We are expanding our presence abroad
We are expanding our presence abroad 13 November 2025 18th Reserved store in Germany (Westfield Centro Oberhausen) 3 October 2025 12 November 2025 5 December 2025 Sinsay brand debut Opening of the 2,000th Sinsay Sinsay brand debut in Azerbaijan store in Kazakhstan in Moldova 3Q25 PRESENTATION 8
Slide 9: Strengthening logistics in Romania
Strengthening logistics LAUNCH OF A NEW WAREHOUSE E-COMMERCE launch - October 2025 in Romania floorspace - 65,000 m2 location - Bolintin-Deal (near Bucharest) almost 1,100 robots 80,000 orders per day Goal: the strategic location will enable faster fulfillment of online orders in the South
Slide 10: Secured financing
Secured financing Based on an agreement signed in November 2025, a comprehensive financing programme worth PLN 13.5 billion includes: REVERSE INVESTMENT LOAN REVOLVING LOAN FACTORING up to a maximum base of up to a maximum base of up to a maximum base of EUR 505m PLN 2.8bn US$ 2.4bn (5-year agreemen
Slide 11: 3Q25 Financial results
3Q25 Financial results 3Q25 PRESENTATION 11
Slide 12: Positive sales dynamics in LFL stores
Positive sales dynamics in LFL stores COMPARABLE SALES (LFL) 7.5% 7.5% 5.7% 4.3% 4.3% 3.2% 1.4% 1.6% -2.2% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Sinsay 5.2% 16.1% 20.3% 8.7% 11.2% 1.5% 0.9% -0.6% -1.7% heritage -5.1% 1.9% -0.7% -0.5% 4.6% 1.4% 7.9% 3.7% 10.8% brands 3Q25 PRESENTATION 12
Slide 13: Double-digit sales growth in both channels
Double-digit sales growth in both channels GROUP REVENUES1 PLN m +20% Impact of currency exchange rates 16,649 in 3Q25: -1.5pp. 13,856 Double-digit YoY sales growth in 3Q25 +22% both in Poland (+23.1% YoY) and abroad 6,141 +20.3% 12,068 (+20.5% YoY). 5,050 10,031 Online sales in 3Q25 accounted
Slide 14: Improvement in gross profit margin on sales
Improvement in gross profit margin on sales QUARTERLY GROUP GROSS PROFIT MARGIN +1.0 pp. Higher YoY gross profit margin despite 57.5% 57.6% the growing share of Sinsay brand 56.6% in sales. 55.6% 55.1% Collections ordered at a favourable FX rate of US$/PLN, visible positive effect of 54.0% 54.4%
Slide 15: Efficient management of SG&A costs
Efficient management of SG&A costs SG&A COSTS/M2 Growth in SG&A costs slower than sales -2.7 pp. 500 46 growth. 44% 450 44 42% 42% SG&A costs increased by 13.5% YoY, mainly 400 40% 42 due to intensive development (costs of new 350 39% 40 stores), higher logistics costs resulting from 300 38 the
Slide 16: Dynamic profit growth in 3Q25
Dynamic profit growth in 3Q25 EBITDA EBIT NET PROFIT PLN m PLN m PLN m +48% +61% +39% 1,707 1,177 1,157 800 731 577 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 22.9% 27.8% 14.5% 19.2% 11.4% 13.0% EBITDA margin1 EBIT margin1 Net profit margin1 1 For comparability, 3Q24 figures have been cleared for the impact of t
Slide 17: High profit growth after 9 months of 2025
High profit growth after 9 months of 2025 EBITDA EBIT NET PROFIT PLN m PLN m PLN m +30% +35% +28% 3,872 2,970 2,363 1,655 1,753 1,297 9M24 9M25 9M24 9M25 9M24 9M25 21.4% 23.3% 12.7% 14.2% 9.4% 9.9% EBITDA margin1 EBIT margin1 Net profit margin1 1 For comparability, 9M24 figures have been cleared for
Slide 18: Systematic improvement of inventory level
Systematic improvement of inventory level INVENTORY AND INVENTORY/M2 2,500 In 3Q25, inventory levels decreased/m2 , 7,000 mainly due to the spreading of goods 1,918 1,903 1,964 receipts over time (all-season models). 6,000 1,816 1,827 2,000 1,666 1,693 5,000 1,534 1,542 Inventory turnover in 3Q2
Slide 19: Favourable working capital
Favourable working capital WORKING CAPITAL PLN m -924 -1,298 Cash cycle at a favourable negative level of -33 days: 4,801 4,094 slower inventory turnover (increase from 153 to 173 days), 186 215 stable accounts receivable payments -5,578 cycle (ca 3 days), -5,940 extension of payment terms f
Slide 20: Investment in logistics development
Investment in logistics development CAPEX PLN m +81% Expenditure on stores amounted to 1 000 938 PLN 430m (+45% YoY) due to dynamic 56 900 opening of new traditional stores, mainly 800 of Sinsay brand. 700 635 612 613 452 600 519 67 44 63 PLN 452m (+195% YoY) in logistics 500 69 136 192 investme
Slide 21: Safe debt level
Safe debt level NET DEBT (PLN m, IFRS16) 1.3 1.3 6,500 1.3 At the end of 3Q25, net debt according 6,000 1.1 1.2 to IFRS16 amounted to PLN 5.6bn, 5,500 1.0 1.0 1.1 including: PLN 5.1bn due to leases. 5,000 1.0 4,500 0.9 Net debt includes PLN 0.8bn in money 4,000 0.8 3,500 0.7 market funds at the
Slide 22: Plans for 2025+
Plans for 2025+ 3Q25 PRESENTATION 22
Slide 23: Black Week
Black Week OFFLINE ONLINE +25% YoY +40% YoY OMNICHANNEL +32% YoY Black Week comprises 6 days from 26 November 2025 to 1 December 2025 in constant currency 3Q25 PRESENTATION 23
Slide 24: Outlook for 4Q
Outlook for 4Q 14% YoY growth in Group sales in constant currencies in the period from 1 November to 9 December (impact of exchange rates ca -1.5pp): YoY, constant 1.11.2025- 17.11.2025- currencies 16.11.2025 9.12.2025 Sales +3% +22% online -1% +19% LFL -11% +5% Planned opening of 350-400 new st
Slide 25: 2025 targets
2025 targets 2024 2025 2025 actuals to date new Sales from core business1 , PLN bn 19.4 ca 23 - 24 ca 23 – 23.5 including: Offline 13.9 ca +20 - 25% YoY ca +20% YoY Online 5.4 ca +20 - 25% YoY ca +20% YoY Gross profit margin on sales1 55.2% 53% - 54% 54.5% - 55% SG&A % of sales1 42.6% 41% - 42% 40.5
Slide 26: 2026 targets
2026 targets 2025 2026 Sales from core business, PLN bn ca 23 – 23.5 ca 28 – 29 including: Offline ca +20% YoY ca +20 - 25% YoY Online ca +20% YoY ca +20% YoY Gross profit margin on sales 54.5% - 55% 54% - 54.5% SG&A % of sales 40.5% - 41% 40% - 41% EBITDA margin 22% - 23% 22% - 23% Net profit margi
Slide 27: Key takeaways
Key takeaways Dynamic profit growth 01 Another quarter with profit growth at every level: EBITDA, EBIT, net profit. Very good sales 02 Total sales growth of +23% YoY in CC, including: e-commerce +22% in CC. Cost efficiency 03 Improvement in SG&A/sales ratio by almost 3 pp. YoY. Development focused o
Slide 28: Q&A
Q&A 3Q25 PRESENTATION 28
Slide 29: Back-up
Back-up 3Q25 PRESENTATION 29
Slide 30: Lower costs of own stores
Lower costs of own stores COST OF OWN STORES/M2 240 220 200 -7.6% Lower YoY rental costs/m2 → higher 180 177 175 165 168 number of Sinsay stores opened with 164 160 lower rent. 56 55 50 140 52 51 120 Lower YoY personnel (HR) costs/m2 → 100 59 61 61 effective management of working hours 80 59 57
Slide 31: Impact of the write-off on 2025 results
Impact of the write-off on 2025 results 9M25 9M25 PLN m change reported business Revenue 16,649 16,649 - In connection with information received from investors who purchased shares in a Gross profit margin on sales 55.3% 55.3% - Russian company in 2022 regarding the SG&A costs 6,789 6,789 - risk o
Slide 32: Financial results
Financial results PLN m, IFRS16 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 YoY Revenues 4,306 5,005 5,212 5,671 4,954 5,554 6,141 17.8% Revenues1 4,074 4,731 5,050 5,551 4,954 5,554 6,141 21.6% Gross profit margin 52.1% 52.5% 54.8% 52.7% 54.0% 54.0% 57.6% 2.8 pp. 1 Gross profit margin 55.1% 55.6% 56.6% 53.9
Slide 33: Glossary
Glossary Poland Retail sales in Poland and other sales of LPP SA. Region including: CEE (Czech Republic, Slovakia, Hungary), Baltic (Lithuania, Latvia, Estonia), SEE (Bulgaria, Romania, Croatia, Serbia, Slovenia, Bosnia and Other countries Herzegovina, Northern Macedonia, Greece, Albania, Kosovo), W
Slide 34: Contact
Contact LPP SA HQ ul. Łąkowa 39/44, 80-769 Gdańsk Tel. +48 58 76 96 900 Email: lpp@lpp.com CONTACT FOR INVESTORS Email: LPP.investor.relations@lpp.com CONTACT FOR MEDIA Email: media@lpp.com discoverlpp company/lpp-sa discoverlpp discoverlpp 3Q25 PRESENTATION 34