Slide 1: Kid ASA – Q3 presentation
Kid ASA – Q3 presentation 1
Slide 2: Third quarter in brief
Third quarter in brief • Group revenues increased by 1.7% (+6.7%) to MNOK 902.0 impacted by limited product availability. In constant currency: • Group revenues increased by 0.5% (+4.4%) • LFL revenues decreased by -1.7% (+3.0%) • Online revenues increased by 26.3% (+1.4%) • Gross margin decreased b
Slide 3: Third quarter in brief
Third quarter in brief • Temporary logistical constraints from new warehouse impacted non-seasonal and autumn product availability in store, causing an estimated MNOK 30–40 revenue shortfall in Q3 • Strong spring and summer seasonal sales and online performance mitigated impact • Progress on Norwegi
Slide 4: New central warehouse in Sweden
• Following the acquisition of Hemtex in 2019, The Kid Group has been operating with two distinct warehouse and logistical setups; One serving Norway, and one serving Sweden, Finland and Estonia • To capitalise on operational synergies and address efficiency and capacity constraints, the decision wa
Slide 5: System modernisation and continued investment
• Years of sustained growth, coupled with evolving customer expectations and Step 1 market demands, have underscored the need for comprehensive system modernisation • This transformation is essential to ensure agility, efficiency, and scalability as we continue to strengthen our position in a rapidl
Slide 6: Group revenues increased by 1.7% to MNOK 902.0 in Q3
1,404 567 887 902 Group revenues increased by 1.7% to MNOK 902.0 in Q3 734 798 856 696 320 324 328 297 259 281 • In constant currency: 836 500 536 563 574 • Group revenues increase of 0.5% (+4.4%) 438 452 • Group like-for-like revenues decrease of -1.7% (+3.0%) including online sales 2024 2025 2024
Slide 7: Robust gross margin slightly impacted by campaign activity
Robust gross margin slightly impacted by campaign activity • Group gross margin was 61.8% for the quarter • Kid Interior gross margin was unchanged of 61.6% (61.6%) • Hemtex gross margin decreased by -1.0pp to 62.0% (63.0%) 63.2 % 62.3 % 62.3 % 62.1 % 61.8 % 61.6 % 61.5 % 61.2 % 60.6 % • The reducti
Slide 8: OPEX-to-sales (excl. IFRS 16) of 51.9% (46.7%)
395 353 346 330 305 304 316 159 138 147 170 127 OPEX-TO-SALES (excl. IFRS 16) of 51.9% (46.7%) 126 125 • Employee benefit expenses decreased by MNOK 5.1 192 199 188 236 179 180 183 • Lower accrued bonus • Decrease driven by the transition and ramp-up of the new warehouse in Sweden, 2024 2025 2024 20
Slide 9: Non-recurring items booked in 2025 related to the warehouse project
Non-recurring items booked in 2025 related to the warehouse project • The establishment of a new common warehouse in Sweden represents a strategically important, but operationally complex transition for Kid Group • In true Kid Group spirit, we pursued an ambitious timeline, which has historically To
Slide 10: EBITDA by quarter
465 177 236 202 189 205 76 115 55 56 59 125 288 33 34 146 133 160 146 92 82 2024 2025 2024 2025 2024 2025 2024 2025 Q1 Q2 Q3 Q4 Kid Interior Hemtex 10 Kid ASA – Q3 presentation
Slide 11: Cash flow development in third quarter
Cash flow development in third quarter • Cash flow from operations was positive by MNOK 94.2 • Negative effect from inventory build up in Q3-25 • Cash flow from investments reflects mainly CAPEX relating - 44 to store openings, store projects, IT initiatives and the 94 warehouse project in Sweden -
Slide 12: Robust financial position
Robust financial position • Cash and available credit facilities of MNOK 182.3 (MNOK 1,230.0 182.3 -- 34.0 1,047.7 148.3 329.4), including an unused term-loan facility of MNOK 148 300.0 266.0 • Net interest-bearing debt excl. IFRS 16 leasing liabilities of 300.0 MNOK 1,047.9 (MNOK 784.3) 300.0 • Gea
Slide 13: Store projects completed and signed
282* Completed 2025 per quarter-end Signed, but not yet completed NO: Grünerløkka, Oslo NO: Bryn, Oslo NO: Otta (Q4-25) SE: Hansa, Malmö NO: Krøgenes, Arendal (Q1-26) New stores FI: Matkus, Kuopio NO: Laksevåg, Bergen (Q1-26) 105* FI: Sello, Helsinki SE: Mölndal Centrum, Göteborg (Q1-26) FI: Mall of
Slide 14: Outlook and priorities
• Kid Interior has signed contracts for three new stores and two Extended stores in Norway. Hemtex has signed one new store and two Extended stores in Sweden. One of these new stores is scheduled to open during 2025, with the remaining openings planned for the first half of 2026 • Digital pilot of l
Slide 15: Dividend of NOK 2.50 per share
Dividend of NOK 2.50 per share • The Board of Directors has decided to pay a half-year dividend of NOK 2.50 per share as a prepayment on the fiscal year 2025 • Following the Q4 2025 results, the Board of Directors will propose the next half- year dividend to the annual general meeting in May 2026 •
Slide 16: Kid ASA – Q3 presentation
Kid ASA – Q3 presentation 16
Slide 17: KID Interior
KID Interior (Amounts in NOK millions) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 FY 2024 Revenue 573.6 562.9 1,561.9 1,501.0 2,337.5 Revenue growth 1.9 % 8.7 % 4.1 % 10.8 % 10.1 % LFL growth including online sales 0.5 % 7.0 % 2.6 % 9.5 % 8.5 % COGS -220.0 -216.4 -599.8 -568.5 -892.3 Gross profit 353.6 3
Slide 18: Hemtex
Hemtex (Amounts in NOK millions) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 FY 2024 Revenue 328.4 324.0 930.1 880.2 1,447.5 Revenue growth ¹ -1.8% -2.3% 1.7 % 6.3 % 9.9 % LFL growth including online sales ¹ -5.3% -3.5% 0.4 % 5.5 % 9.3 % COGS -124.7 -119.9 -356.8 -329.4 -550.9 Gross profit 203.7 204.1 573
Slide 19: Group income statement
(Amounts in NOK thousand) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 Revenue 902.0 886.9 2,492.1 2,381.3 COGS -344.8 -336.3 -956.7 -897.9 Gross profit 557.2 550.6 1,535.4 1,483.3 Gross margin (%) 61.8 % 62.1 % 61.6 % 62.3 % Other operating revenue 1.0 1.3 3.1 3.5 OPEX -353.5 -315.5 -1,029.4 -924.4 EBITDA
Slide 20: Balance sheet
(Amounts in NOK thousand) Note 30.09.2025 30.09.2024 31.12.2024 Assets Unaudited Unaudited Audited (Amounts in NOK thousand) Note 30.09.2025 30.09.2024 31.12.2024 Goodwill 9 73,466 72,115 71,298 Equity and liabilities Unaudited Unaudited Audited Trademark 9 1,516,401 1,515,356 1,514,724 Other intang
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 7.0 4.3 5.8 4.3 11.1 18.7 23.7 benefits expense Segment allocated other operating 2.8 1.2 2.8 1.3 2.8 1.3 1.1 8.4 4.9 expense Hemtex Segm
Slide 22: Total 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
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 71 79 80 306 2025 89 90 92 91 362 Number of store projects Number of store projects 2024 Q1 Q2 Q3 Q4 Total 2024 Q1 Q2 Q3 Q4 Total New stores 1