Slide 1: Kid ASA – Q1 presentation
Kid ASA – Q4 presentation 1
Slide 2: First quarter in brief
First quarter in brief • Group revenues increased by 5.3% (+15.0%) to MNOK 733.7. In constant currency: • Group revenues increased by 4.4% (+13.7%) • LFL revenues increased by 2.9% (+13.5%) • Online revenues increased by 6.6% (+16.2%) • Gross margin decreased by 0.9 percentage points to 60.6% (61.5%
Slide 3: First quarter in brief
First quarter in brief • Categories launched since 2022 accounted for MNOK 39.1 (MNOK 27.0) in revenues • Revenues were somewhat impacted by the timing of Easter compared to previous year • Temporary logistical challenges causing slight delays in the spring and summer assortment • Completed six stor
Slide 4: Group revenues Q1 increased by 5.3% to MNOK 733.7
1,404 567 887 Group revenues Q1 increased by 5.3% to MNOK 733.7 696 734 798 324 297 259 281 • In constant currency: 836 500 563 438 452 • Group revenues increase of 4.4% (+13.7%) 2024 2025 2024 2025 2024 2025 2024 2025 • Group like-for-like revenues increase of 2.9% (+13.5%) including online sales Q
Slide 5: Gross margin impacted negatively by freight compared to last year
Gross margin impacted negatively by freight compared to last year • Group gross margin was 60.6% for the quarter • Kid Interior gross margin decreased by -0.9pp to 60.6% (61.5%) • Hemtex gross margin decreased by -1.0pp to 60.4% (61.4%) 63.2 % 62.1 % 61.5 % 61.5 % 61.2 % 60.6 % 60.6 % • The reductio
Slide 6: OPEX-to-sales (excl. IFRS 16) of 59.7% (57.5%)
395 330 316 305 304 159 138 127 OPEX-TO-SALES (excl. IFRS 16) of 59.7% (57.5%) 126 125 • Employee benefit expenses increased by MNOK 12.5 179 192 180 188 236 • General salary increase and increased number of working hours in stores, in addition to net new stores 2024 2025 2024 2025 - 2024 2025 - 202
Slide 7: Kid Interior and Hemtex quarterly figures
465 177 236 202 76 55 125 115 288 33 34 146 160 92 82 2024 2025 2024 2025 2024 2025 2024 2025 Q1 Q2 Q3 Q4 Kid Interior Hemtex 7 Kid ASA – Q1 presentation
Slide 8: Cash flow development in Q1
Cash flow development in Q1 • Cash flow from operations was negative by MNOK 256.0 due to effects from working capital changes - 219 • Negative effect from planned inventory build-up in Q1-25 - 256 • Negative effect from payment of public duties payable and bonuses in Q1 0 • Negative effect from cha
Slide 9: Robust financial position
Robust financial position • Cash and available credit facilities of MNOK 1,240.0 590.0 141.7 590.0 (MNOK 554.7), including an unused term-loan 300.0 300.0 facility of MNOK 148 300.0 650.0 148.3 • Net interest-bearing debt excl. IFRS 16 leasing liabilities 158.3 - of MNOK 649.9 (MNOK 568.9) 640.0 491
Slide 10: Store projects: new stores, closures, relocations, refurbishments
278* Completed 2025 per quarter-end Signed, but not yet completed NO: Grünerløkka, Oslo (Q2-25) NO: Bryn, Oslo (Q2-25) SE: Hansa, Malmö (Q2-25) New stores FI: Matkus, Kuopio SE: Mölndal Centrum, Göteborg (Q1-26) 104* FI: Sello, Helsinki (Q2-25) FI: Mall of Tripla, Helsinki (Q2-25) Closures 9 NO: 3 s
Slide 11: Store size expansion remain profitable
Store size expansion remain profitable • Our categories and products need at least 600 sqm. to be displayed in a physical store, which is the foundation for our standard store size 24.7 • Kid Group is actively working to develop the store portfolio towards the standard store size (~600 sqm.) by expa
Slide 12: Store projects fuel reported like-for-like revenue growth
Store projects fuel reported like-for-like revenue growth • 12 Kid Interior stores and 13 Hemtex stores were refurbished or relocated with our latest store concept in 2023, and outperformed the remaining store portfolio 16.5 % • Expansion combined with refurbishment or relocation is considered an im
Slide 13: Number of stores
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 average Kid Interior 147 458 11.6 25,700 2024 #Stores Avg. SQM Revenue/Store Revenue/SQM s
Slide 14: Expansion of the warehouse facilities in Sweden
• In August 2023 Kid Group decided to expand the warehouse facilities in Sweden, for the purpose of establishing one central warehouse to handle higher volumes and streamline operations • The new facility increase storage area by ~40% with new automation solutions • The construction was completed ac
Slide 15: Outlook and recent events
• In H1-25, we have signed ten store projects in Kid Interior and six in Hemtex. These projects include a combination of refurbishment, enlargement and relocations • Ambition to increase the number of Extended stores in the Swedish market • Digital pilot of launching the Hemtex brand to Germany and
Slide 16: Appendix
Kid ASA – Q4 presentation 16
Slide 17: Kid Interior financials
KID Interior (Amounts in NOK millions) Q1 2025 Q1 2024 FY 2024 Revenue 452.4 437.7 2,337.5 Revenue growth 3.3 % 13.4 % 10.1 % LFL growth including online sales 1.8 % 12.7 % 8.5 % COGS -178.0 -168.3 -892.3 Gross profit 274.3 269.4 1,445.1 Gross margin (%) 60.6 % 61.5 % 61.8 % Other operating revenue
Slide 18: Hemtex financials
Hemtex (Amounts in NOK millions) Q1 2025 Q1 2024 FY 2024 Revenue 281.3 258.8 1,447.5 Revenue growth ¹ 6.1 % 14.3 % 9.9 % LFL growth including online sales ¹ 4.7 % 14.9 % 9.3 % COGS -111.3 -99.9 -550.9 Gross profit 170.0 158.9 896.6 Gross margin (%) 60.4 % 61.4 % 61.9 % Other operating revenue 0.8 0.
Slide 19: Group income statement
(Amounts in NOK thousand) Q1 2025 Q1 2024 FY 2024 Revenue 733.7 696.5 3,784.9 COGS -289.4 -268.2 -1,443.2 Gross profit 444.3 428.2 2,341.7 Gross margin (%) 60.6 % 61.5 % 61.9 % Other operating revenue 0.9 0.8 4.8 OPEX -329.8 -304.6 -1,319.6 EBITDA 115.3 124.5 1,027.0 EBITDA margin (%) 15.7 % 17.9 %
Slide 20: Balance sheet
(Amounts in NOK thousand) Note 31.03.2025 31.03.2024 31.12.2024 (Amounts in NOK thousand) Note 31.03.2025 31.03.2024 31.12.2024 Assets Unaudited Unaudited Audited Equity and liabilities Unaudited Unaudited Audited Goodwill 9 72,870 70,328 71,298 Trademark 9 1,515,940 1,513,974 1,514,724 Share capita
Slide 21: Segment allocated expenses
Total year Total year (MNOK) Q1 2025 Q1 2024 Q2 2025 Q2 2024 Q3 2025 Q3 2024 Q4 2025 Q4 2024 2025 2024 Kid ASA and Kid Interior Segment allocated employee 5.9 4.0 4.3 4.3 11.1 5.9 23.7 benefits expense Segment allocated other operating 2.8 1.2 1.3 1.3 1.1 2.8 4.9 expense Hemtex Segment allocated emp
Slide 22: Growth and like-for-like growth by segment
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 % 8.8 % -1.0 % 1.7 % 202
Slide 23: Sales days and store projects by segment
Kid Interior Hemtex Number of sales days Number of sales days Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q4 Total 2024 75 73 79 80 307 2024 90 90 92 91 363 2025 76 76 2025 89 89 Number of store projects Number of store projects 2024 Q1 Q2 Q3 Q4 Total 2024 Q1 Q2 Q3 Q4 Total New stores 1 2 0 1 4 New stores