Slide 1: Q1 2026 presentation
Kid ASA – Q1 presentation Kid ASA: Quarterly Report 11 Q1 2026 presentation
Slide 2: First quarter in brief: Financial summary
First quarter in brief Financial summary • Group revenues increased by 9.1% (+5.3%) to MNOK 800.5, positively impacted by seasonal assortments and strong Online development: • Group revenues increased by 8.0% (+4.4%) • LFL revenues increased by 6.1% (+2.9%) • Online revenues increased by 24.8% (+6.6
Slide 3: First quarter in brief: Operational summary
First quarter in brief Operational summary • Warehouse operations stabilised. Normalised capacity and allocation to stores. Efficiency improving. Further gains expected as system replacements progress • Norwegian warehouse exit progressing. Sublease coverage improved and supports 2026 cost base • Sy
Slide 4: First quarter in brief: Operational summary
First quarter in brief Operational summary • Category development continues to be a key growth driver • Solid growth across major and focus categories - alongside continued positive development in new categories • New categories launched since 2022 generated MNOK 50.6 (MNOK 48.1) in revenues. Defini
Slide 5: Revenues
REVENUES Revenues MNOK 1,452 579 856 902 Group revenues increased by 9.1% to MNOK 800.5 in Q1 734 800 320 328 308 281 • In constant currency: 874 493 536 574 452 • Group revenue increase of 8.0% (+4.4%) - - - • Group like-for-like revenues increase of 6.1% (+2.9%) including Online sales 2025 2026 20
Slide 6: Gross margin
Gross margin Solid gross margin for first quarter • Group gross margin increased by 0.6pp to 61.2% in the first quarter GROUP GROSS MARGIN % • Kid Interior gross margin increased by 0.1pp to 60.7% (60.6%) • Hemtex gross margin increased by 1.5pp to 61.9% (60.4%) 62.3 % 61.8 % 61.2 % 61.2 % 61.2 % 60
Slide 7: OPEX
OPEX MNOK OPEX 451 358 346 353 330 233 157 147 170 138 OPEX-TO-SALES (excl. IFRS 16) of 60.0% (59.7%) • Employee benefit expenses increased by MNOK 8.0 in constant currency 192 201 199 183 218 • Salary increases and higher working hours in larger and new stores 2025 2026 2025 2026 2025 2026 2025 202
Slide 8: EBITDA
EBITDA MNOK 440 174 205 189 59 133 56 115 266 34 42 133 146 82 91 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Kid Interior Hemtex 8 Kid ASA – Q1 presentation
Slide 9: Cash flow
Cash flow MNOK Cash flow development in first quarter • Cash flow from operations • Impacted by inventory build-up of seasonal assortments • Affected by payment of public duties and trade payables 0 5 - 109 • Cash flow from investments • Investments related to new stores, store projects and IT - 42
Slide 10: Cash and credit facilities
Cash and credit facilities MNOK Financial position remains satisfactory 1,310.0 296.2 146.2 • Cash and available credit facilities of MNOK 296.2 300.0 1,013.8 100.0 50.0 - (MNOK 590.0) at quarter-end 100.0 153.8 • Net interest-bearing debt excl. IFRS 16 of MNOK 1,013.8 300.0 250.0 (MNOK 649.9) • Gea
Slide 11: Store portfolio activity
NUMBER OF STORES PER QUARTER - END Store portfolio activity 286* Completed 2026 per quarter-end Signed, but not yet completed NO: Krøgenes, Arendal New stores NO: Laksevåg, Bergen NO: Nationaltheateret, Oslo (Q3-26) SE: Mölndal Centrum 106* Closures NO: 1 store SE: Tuna Park Eskilstuna SE: 2 stores
Slide 12: Store portfolio optimisation
Store portfolio optimisation Store size expansion remain profitable • Our categories and products need at least 600 sqm. to be displayed in a 2025 REVENUE AND CONTRIBUTION PER STORE SIZE* MNOK physical store, which is the foundation for our standard store size 24.5 • Kid Group is actively working to
Slide 13: Store portfolio optimisation
Store portfolio optimisation STORE PORTFOLIO PER SEGMENT* SQM / MNOK / NOK 2021 #Stores Avg. SQM Revenue/Store Revenue/SQM Potential in expansion and continued portfolio optimisation (MNOK) (NOK) Hemtex 117 367 8.2 23,300 • Compared to 2021, Kid Interior and Hemtex have increased the Kid Interior 14
Slide 14: Digital pilot European Markets
Digital pilot European Market s • Hemtex.de launched in Germany May 5th • Digital pilot of launching the Hemtex brand to other EU markets during H1-26 • New Nordic warehouse – enabling to serve customers across Europe • Germany represents a large and attractive market, where Scandinavian design is h
Slide 15: Outlook
Outlook • Continued focus on efficiency in warehouse operations, with further improvements expected as volumes increase and system replacements progress • Focus on securing a long-term solution for the Norwegian warehouse facility, building on progress achieved through subleasing arrangements • Syst
Slide 16: Outlook
Outlook • Best-in-class execution across categories and channels, supported by strong seasonal execution and improved in-store presentation • Ongoing category development initiatives to drive customer traffic and support revenue growth across both brands • Garden & outdoor furniture and Beach Shop a
Slide 17: Q&A
Kid ASA – Q1 presentation Kid ASA: Quarterly Report 171 Q&A
Slide 18: Segment: Kid Interior
Segment: Kid Interior KID Interior (Amounts in NOK millions) Q1 2026 Q1 2025 FY 2025 Revenue 492.7 452.4 2,435.5 Revenue growth 8.9 % 3.3 % 4.2 % LFL growth including online sales 7.4 % 1.8 % 3.1 % COGS -193.7 -178.0 -945.2 Gross profit 299.0 274.3 1,490.3 Gross margin (%) 60.7 % 60.6 % 61.2 % Other
Slide 19: Segment: Hemtex
Segment: Hemtex Hemtex (Amounts in NOK millions) Q1 2026 Q1 2025 FY 2025 Revenue 307.8 281.3 1,509.1 Revenue growth ¹ 6.6 % 6.1 % 0.0 % LFL growth including online sales ¹ 4.0 % 4.7 % -1.3% COGS -117.2 -111.3 -575.0 Gross profit 190.6 170.0 934.0 Gross margin (%) 61.9 % 60.4 % 61.9 % Other operating
Slide 20: Income statement
Income statement (Amounts in NOK thousand) Q1 2026 Q1 2025 FY 2025 Revenue 800.5 733.7 3,944.6 COGS -310.9 -289.4 -1,520.3 Gross profit 489.6 444.3 2,424.3 Gross margin (%) 61.2 % 60.6 % 61.5 % Other operating revenue 1.4 0.9 5.2 OPEX -358.2 -329.8 -1,480.4 EBITDA 132.7 115.3 949.1 EBITDA margin (%)
Slide 21: Statement of financial position
Statement of financial position (Amounts in NOK thousand) Note 31.03.2026 31.03.2025 31.12.2025 (Amounts in NOK thousand) Note 31.03.2026 31.03.2025 31.12.2025 Assets Unaudited Unaudited Audited Equity and liabilities Unaudited Unaudited Audited Goodwill 9 70,972 72,870 75,807 Share capital 48,770 4
Slide 22: Allocated segment costs
Allocated segment costs Total year Total year (MNOK) Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 2026 2025 Kid ASA and Kid Interior Segment allocated employee 3.5 5.9 7.0 5.8 6.4 3.5 25.1 benefits expense Segment allocated other operating 4.3 2.8 2.8 2.8 4.1 4.3 12.6 expense Hemt
Slide 23: Quarterly revenue growth
Quarterly revenue growth Group Kid Interior Hemtex Total growth Total growth Total growth Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 2021 10.4 % 3.9 % 3.6 % 2.5 % 2021 13.6 % 1.7 % -3.9 % -1.0 % 2021 6.4 % 7.7 % 17.4 % 9.0 % 2022 9.3 % 8.8 % 0.5 % 2.1 % 2022 12.5 % 8.9 % 1.4 % 2.3 % 2022 4.8
Slide 24: Sales days and stores
Sales days and stores Kid Interior Hemtex Number of sales days Number of sales days Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q4 Total 2025 76 71 79 80 306 2025 89 90 92 91 362 2026 76 72 79 80 307 2026 89 90 92 91 362 Number of store projects Number of store projects 2025 Q1 Q2 Q3 Q4 Total 2025 Q1 Q2 Q3