Slide 1: Corporate Presentation — H1 '25 Financial Results
Fourlis Sep 2025 Corporate Presentation — H1 ‘25 Financial Results
Slide 2: Disclaimer
Fourlis > Disclaimer This presentation has been prepared by Fourlis Group (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity. The information
Slide 3: Delivering on our strategic priorities
Fourlis Delivering on our strategic priorities. / Accelerating growth momentum across core pusinesled. — Successful deconsolidation of Trade Estates.“ “A Higher dividend paid and cancellation of tréasury-sh Clear path to deliver 2025 guidance.
Slide 4: Disciplined execution and growth momentum in all BUs
Fourlis Disciplined execution and growth momentum in all BUs IKEA > New stores: Patras (Oct '24), Heraklion (April 2025), Hellinikon (2028) > Anew Plan & Order studio opened in Bulgaria. >» New-generation urban IKEA stores. Sporting Goods > Foot Locker: Partnership initiated, 3 new stores in Bulgari
Slide 5: Private placement of 16% of Trade Estates' share capital
Private placement of 16% of Trade Estates’ share capital in February 04 2025. Fourlis group participation in Trade Estates at 47.3%. Gain of €6.3 mil. for the group. €29 mil. proceeds from the placement. Deleveraged the group's Balance Sheet and strengthened our focus on our retail business strategy
Slide 6: Participations in Associated Companies
Participations in Associated Home Furnishings Companies Sporting Goods Health & Wellness Logistics The home Sports retail furnishings leader The wellness The retail supply Specialized REIC powerhouse destination chain specialist in retail y SPORT 1 GieA) Holland&Barrett LOGISTICS Foot Locker
Slide 7: Fourlis group today
Fourlis Home Furnishings Presence in GR, BG and CY through 22 stores & shops Leading position in the HF market One of the best performing partners of Interlkea Growing organically and through network expansion. The home furnishings leader Fourlis group today Sporting Goods Intersport Presence in GR,
Slide 8: H1 '25 Financial Results
H1 ‘25 Financial Results
Slide 9: Consolidated P&L H1 '25
(amounts in € mil.) H1'24 % H1'25 F li Revenues 245.1 77% 264.0 ourlis Gross Profit 113.8 11.1% 126.4 ; 1 Gross Profit margin 46.4% 479% Consolidated P&L H] 25 EBITDA" . 31.3 71.6% 30.8 = Revenue growth with accelerating momentum. EBITDA margin 12.8% 1.7% (Q2'25 +13% yoy / Q1'25 +1.7% yoy) EBIT 84 -
Slide 10: EBITDA-adjusted used to better reflect underlying operational performance
Fourlis EBITDA-adjusted used to better reflect underlying operational performance. EBITDA-adjusted reinstates lease expenses in the calculation, providing a clearer representation of the Group's underlying profitability and cost structure, independent of lease accounting treatment. Group Group eat m
Slide 11: Net Debt
Net Debt 95.2 87.6 • Η1 '24 H1 '25 • 11
Slide 12: On track to achieve our guidance
Fourlis On track to achieve ou
Slide 13: The group's participations
The group’s participations ➢ Trade Estates: estimated NAV of TE € 330 mil. at 31/12/2025 (FG : 47,3% participation) ➢ South Sofia Ring Mall: estimated NAV € 70 mil. at 31/12/2025 (FG : 50% participation) 13
Slide 14: Business Activities
Business Activities
Slide 15: Home Furnishings
Fourlis Home Furnishings
Slide 16: New IKEA store at Heraklion, Crete
New IKEA store at Heraklion, Crete
Slide 17: Network expansion
Network expansion Reinforcing our presence near city-centers in the province Focus on omnichannel approach Focus on supply chain efficiencies Leverage digitalization IKEA
Slide 18: Home Furnishings (IKEA stores) H1'25
(amounts in € mil.) H1'24 % H1'25 Revenues 160.5 9% 166.7 Gross Profit 74.3 7.2% 79.6 Gross Profit margin 46.3% 477% EBITDA* 23.4 11.9% 206 EBITDA margin 14.6% 12.4% EBIT 16 -29.0% 83 EBIT margin 72% 5.0% EBITDA (adjusted)* 12.2 29.3% 8.6 7.6% 5.2% EBITDA (adjusted) margin *See Appendix for further
Slide 19: Home Furnishings: partnership with IKEA
Fourlis Home Furnishings Gen) 25 yrs of partnership Create a better everyday life for the 3 counties: Greece, Cyprus and Bulgaria. many people 2 2 IKEA stores of different formats. Ecommerce in all 3 countries. @e IKEA is the world leader in 4 home furnishings and oe ° accessories. It was founded in
Slide 20: Sporting Goods
Fourlis Sporting Goods
Slide 21: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse > Entered into the fast-growing lifestyle & fashion segment of the sportswear market. Expanding -- geographically through the — eee Partnership with Foot Locker. ‘ “; : 4 dip Foot Locke . : : mf S > Foot Locker sets foot in Bulgaria | = > Fc through 3 new
Slide 22: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse > 6 news stores within 2025 up to date. > Launch of the world’s first Intersport Football Club store in Athens (March 2025). > A 2°45 Football store set to open in Thessaloniki in Sep ‘25.
Slide 23: Enhance our leadership position in sports performance
Enhance our leadership position in sports performance Enter dynamically in the sports lifestyle market Expand in new geographies Focus on synergies between the brands Focus on E-commerce growth and omnichannel approach Focus on supply chain efficiencies Leverage digitalization ¥INTERSPORT [Ree
Slide 24: Sportswear H1 '25 (Intersport & Foot Locker stores)
(amounts in € mil.) H1'24 % H1'25 Revenue 83.4 14.9% 95.9 Gross Profit 38.7 18.9% 46.1 Gross Profit margin 46.4% 48.1% EBITDA* 10.8 25.3% 13.5 EBITDA margin 13.0% 14.1% EBIT 0.4 402.1% 18 EBIT margin 0.4% 19% EBITDA (adjusted) * 27 49.9% 4.0 EBITDA (adjusted) margin 3.2% 4.2% *See Appendix for furth
Slide 25: Sportswear
Fourlis Sportswear #INTERSPORT ai mae Meanron spon |Foot Locker | #1 Performance Omni Multi-Brand #] Sneaker Omni Multi-Brand neaker Omni Multi-Bran 2 5 YI of partnership Presence since 1974 in 26 countries through 2,454 stores worldwide 4 ties: G R ia, C id Bulgaria. . . . counties: ereece, Romania
Slide 26: Health & Wellness
Fourlis Health & Wellness
Slide 27: High loyalty and conversion, increasing brand awareness
Fourlis High loyalty and conversion, increasing brand awareness Holland“Barrett ~ snow store in Thesssloni in | ~ H1 ‘25. > 11 stores in total & ecommerce shop in Greece. > Examining new opportunities for expansion. > Targeted actions to increase further the awareness.
Slide 28: Retail Health & Wellness (Holland & Barrett stores) H1 '25
(amounts in € mil.) Q1'24 Q1'25 Revenue 1.0 59.6% 1.5 Gross Profit 0.5 59.9% 0.8 Gross Profit margin 51.2% 51.3% EBITDA* -0.8 10.2% -1.2 EBIT Al 71% 21.2 EBITDA (adjusted) * 1.0 6.1% 11 *See Appendix for further details “EBITDA = EBIT + depreciation of ROUA + depreciation of assets. EBITDA (adjusted
Slide 29: Appendix
Appendix
Slide 30: Net financial Income/(Expenses) and Depreciation Analysis
Net financial Income/(Expenses) of the Retail Business Group H1'24 H1'25 Interest & Bank expenses & other -41 3.9 IFRS16 interest -64 75 Total 10.5 11.3 Fourlis Depreciation Analysis Group H1'24 H1'25 Depreciation (assets) 7.6 8.4 Depreciation of Right of Use Assets (ROUA)- IFRS 16 153 16.4
Slide 31: Analysis of EBITDA per Business Unit
Analysis of EBITDA per Business Unit Fourlis EBITDA-adjusted used to better reflect underlying operational performance, EBITDA-adjusted reinstates lease expenses in the calculation, providing a clearer representation of the Group's underlying profitability and cost structure, independent of lease ac
Slide 32: Balance Sheet H1 2025
Balance Sheet H1 2025 Balance sheet (€ mil.) FY '24 H1'25 Property, plant & equipment 83.3 88.6 Right of Use Assets 174.4 379.1 Other Non Current Assets 62.3 2207 Non-current assets 319.9 688.4 Inventories 98.2 127.2 Receivables 25.6 28.9 Cash & Cash Equivalent 49.4 511 Assets Held for Sale 556.9 -
Slide 33: Thank you
Thank you