Slide 1: Corporate Presentation November 2025
Fourlis Corporate Presentation November 2025
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 in
Slide 3: Agenda
Fourlis . Investment Highlights . Who we are . Market context, Strategy & Financials . Business Activities . Sustainability Strategy
Slide 4: Presenters
Vassilis Fourlis John Vasilakos Elena Pappa Chairman of the BoD CEO of Fourlis Group IR & Corporate Affairs Director 4
Slide 5: Investment Highlights
Fourlis 1 Investment Highlights
Slide 6: A resilient, multi-brand platform with strong Global Brand Partnerships
/ i Fourlig t A resilient, multi-brand platform with strong Global Brand Partnerships Diversified & Expanding Retail Portfolio Omnichannel Excellence & Scalable Logistics Sustainability & People as Key Enablers Clear Commitment to Shareholder Value Strategic Participations Enhancing the Portfolio
Slide 7: Who we are
Fourlis ? Who we are
Slide 8: From wholesale and distribution to a leading multi-brand retail platform
Fourlis From-wholesale and-distribution to a leading multi-brand retail platform. e) 1950s le) 1970s e) 1990s S| 2010s 2) Today Establishment of Exclusive partnership Acquisition of 51% of | IKEA & INTERSPORT Trade Estates private A. FOURLIS & Co. with General Electric KOTSOVOLOS (1993) | expansion
Slide 9: Execution on track and in line with our strategic plan
Execution on track and in line with Fourlis our strategic plan IKEA > New stores opened: Patras (Oct '24), Heraklion (April 2025). > Anew Plan & Order studio opened in Bulgaria. > Pipeline: New-generation IKEA stores and Hellinikon store (2028) Sporting Goods > Foot Locker: Partnership initiated, 3
Slide 10: Deconsolidation of Trade Estates
Fourlis Deconsolidation of Trade Estates Private placement of 16% of Trade Estates share capital in February 04 2025. Driving 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 streng
Slide 11: Participations
Participations in Associated Home Furnishings Health & Wellness Companies Sporting Goods Logistics The home furnishings leader Sports retail The wellness The retail supply \. Specialized REIC powerhouse destination chain specialist < in retail INTERSPORT 4 —< | GieA) Holland&Barrett LOGISTICS’ ' pul
Slide 12: Home Furnishings, Sporting Goods, Health & Wellness, Logistics
Fourlis Home Furnishings Presence in GR, BG & 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 A leading multi-brand Sporting Goods Intersport Presence in GR,
Slide 13: Strong heritage and significant presence in SEE
Fourlis ..With strong heritage and significant presence in SEE 75 yrs 25 yrs of successful of trusted History Partnerships Presence in 4 countries Market Leadership Expanding in 4 new countries 4,400+ 40% sales employees from international activity ... positioning us as one of the most resilient and
Slide 14: Market context, Strategy & Financials
Fourlis 3 Market context, Strategy & Financials
Slide 15: Structural consumer trends drive our retail growth in SE Europe
Fourlis Structural consumer trends drive our retail growth in SE Europe Consumers le prioritize affordable design, Mh unctionalit | ; sim n 4 sulstai
Slide 16: Strong & Exclusive Brand Partnerships
Strong & Exclusive Brand Partnerships. Diversified & Complementary Portfolio. Omnichannel & Supply Chain Strength. Financial Discipline & Focus on value creation. Strong Heritage & Sustainability culture.
Slide 17: Our Strategic Priorities
Fourlis Our Strategic Priorities Customer Leadership Accelerating Omnichannel Growth Digital Transformation Efficiency & Cashflow Discipline Expansion & Strategic Partnerships Sustainability at the Core
Slide 18: Digital transformation
Driving efficiency, Accelerating data-driven Leveraging AI to optimize productivity, and scalability decision-making, enhancing inventory, personalize the through automated customer journeys, and shopping experience, and operations, real-time incident improving operational boost both efficiency and
Slide 19: Our strategy is delivering results
Fourlis Our strategy is delivering results Sales* +8% CAGR growth €474 mil. —> €521 mil. —> €530 mil—> €600+ mil. pees 0.8 —23— 220+ 174 181 164 2022 2023 2024 2025 (E) Home Furnishings Sporting Goods mHealth & Wellness * Excluding Trade Estates. EBIT* +26% CAGR growth €14.9 mil.—> _€21.1 mil—> €26.
Slide 20: Supporting investments to fuel profitable growth
Fourlis Supporting investments to fuel profitable growth Capex investments Coo oo. . ; Discipline and prioritization in €18.7m. €176m. €25.1m. . €25 m. . €25 m. . m m me Segme ewe capex investments capex split FY 26 E 25% 2022 2023 2024 2025 (E) 2026 (E) miHome Furnishings Sporting Goods mother —cap
Slide 21: Healthy balance sheet and enhanced shareholder returns
Fourlis While also maintaining a healthy balance sheet and delivering enhanced shareholder returns Net debt 102.5 2022 2023 2024 2025 (E) mINet Debt —=Net Debt / EBITDA-adjusted Shareholders Remuneration 3.1 2017 2018 2019 2020 2021 FY'22 FY '23 m Dividends Share buyback FY '24
Slide 22: Contribution from associates
Fourlis Contribution from associates Strong returns depicted in our P&L (PBT) from our participations in Associated companies Income from Associates (€ mil.) 10+ 8.6 5.7 27 3.0 1.4 1.6 mo Q1'25 H1'25 9M '25 FY 25 (E) mlncome from TE Income from SSRM Estimated income for FY ‘25 from Trade Estates mor
Slide 23: FY 2026 outlook
Sales growth in FY ‘26 between 7-10% € 645+ mil. Estimated EBIT in FY ‘26 at 2025 level € 30+ mil.
Slide 24: Business Activities
Fourlis A Business Activities
Slide 25: Home Furnishings
Fourlis \ 7 \ ) \ Home Furnishings _ Z| 7 A resilient platform with profitable growth opportunities
Slide 26: IKEA delivers resilient growth, solid margins, accelerating momentum
. vevenues neve Fourlis +5.1% 6.5% cagr 270.4 375+ 0.6% +8.1% +71% +18% 257.3 346 346 9 «p° 3101 IKEA delivers resilient 103.7 105+ . . ream 22899 %68.” aa growth, solid margins, | | I I accelerating momentum Ql Q2 Q3 Q4e— 9M '24 9M '25 2022 2023 2024 2025 (E) 2024 @ 2025 = Market share gains, highe
Slide 27: ➢ • • ➢ • • ➢ • • ➢ • ➢ ➢
➢ • • ➢ • • ➢ • • ➢ • ➢ ➢ 28
Slide 28: A proven, profitable and digitally enabled platform entering a new expansion phase
Fourlis A proven, profitable and digitally enabled platform entering a new expansion phase Network expansion with medium & new-generation stores 2 5 aligned with Interlkea’s expansion strategy. yrs of partnership 3 counties: Greece, Cyprus and Bulgaria Reinforcing our presence near city-centers in t
Slide 29: Sporting Goods
Fourlis Sporting Goods A scalable sports retail powerhouse
Slide 30: Strong growth momentum across Intersport and Foot Locker
Revenues +6.1% — +22.1% +30.8% +24% 561 Ob? 62% 398 45.99 473) 50-9 +20.7% 1577 | | | | | Qi Q2 Q3 Q4E 2024 2025 EBIT +24% = +26% = +217% = +2% 4.2 4.24.34 -3.0-2.4 2024 2025 —margin 2024 —emargin 2025 9M '24 9M '25 +277% 42 9M '24 9M '25 mmEBIT —EBIT margin Revenues —— 104% cagr 220+ 181 163.7 174.
Slide 31: Diversified and scalable Sports Retail platform in SE Europe
Fourlis Our growth is supported by a diversified and scalable Sports Retail platform in SE Europe #INTERSPORT THE HEART OF SPORT #1 Performance Omni Multi-Brand 2 5 YI of partnership 4 counties: Greece, Romania, Cyprus and Bulgaria. 1 24 Intersport stores (66 in Greece, 40 in Romania, 12 in Bulgaria
Slide 32: Innovating retail experience through new formats & concepts
Fourlis Innovating retail experience through new formats & concepts > 8 news stores within 2025 up to date. > Launch of the world’s first Intersport Football Club store in Athens (March 2025). > A 24 Football store opened in Thessaloniki in Oct'25. > The new concept leads to high traffic and strong
Slide 33: Strengthen leadership position in sports performance market
Strengthen our leadership position in sports performance market through profitable market share gains Profitable expansion in new geographies unlocking omnichannel capabilities Re-evaluation of current store profitability and action where needed Focus on E-commerce growth within our omnichannel reta
Slide 34: Foot Locker is the No 1 retailer in the sneakers market
Foot Locker is the No 1 retailer in the sneakers market. A game-changing partnership. Geographical expansion across 8 Southeast European countries. Powerful Forces combined creating a sports retail powerhouse. Expected to drive substantial growth in Fourlis group overall sports retail market share,
Slide 35: Delivering integration and expansion
Fourlis Delivering integration and expansion. > The acquisition of the Greek & Romanian operations completed in April 2025 (3 stores in Greece & 1 ecom platform & 3 a —— stores in Romania) SS ¥ = 53 ia ee ‘ “1 > Foot Locker sets foot in Bulgaria through =~ > a aid Foot Locke = 3 new stores in top-ti
Slide 36: Scale Foot Locker presence across SE Europe
Scale Foot Locker presence across SE Europe through profitable network expansion. Focus on E-commerce growth within our omnichannel retail platform Focus on supply chain optimization Proceed faster with digital transformation to support omnichannel journeys and improve customer experience OF SNEAKER
Slide 37: Health & Wellness
Fourlis Health & Wellness
Slide 38: High loyalty and conversion, increasing brand awareness
Fourlis High loyalty and conversion, increasing brand awareness HollandSBarrett =| “ita-°™n / . : > 11 stores in total & ecommerce shop in Greece. > Targeted actions to increase further the awareness. > Re-visiting supply chain and distribution network to maximize returns.
Slide 39: Health & Wellness revenues and EBIT
Revenues Revenues Fourlis —— 105% cagr +51.3% +67% 454% © +39% © +52% 24 36 ue is 23 Retail Health & Wellness 7 jo oa (HOLLAND & BARRETT stores) a 9M ‘25 Qi Q2 Q3- Q4E 9M '24. 9M '25 FY'23. FY'24 FY'25E 2024 m 2025 = 60% customer loyalty and high conversion rates. " Strong Like-for-like stores growt
Slide 40: Supply Chain Services
Fourlis Supply Chain Services
Slide 41: New international distribution center for Interikea
Establishment of a new international distribution center of 50k sq.m for Interikea in Aspropyrgos, supplied through the Port of Piraeus, Greece, serving Eastern Mediterranean countries. Strengthening Fourlis Group role as a critical logistics and distribution player in the region. Supply Chain Effic
Slide 42: Trade Logistics
Fourlis Trade Logistics Schimatari Land: 103,000m? Building: 41,220m2 Serving: IKEA stores & e-com in Greece Holland & Barrett stores & e-com in Greece Oinofyta Land: 69,300m2 Building: 25,000m2 Serving: Intersport stores & e-com in Greece, Cyprus, Romania & Bulgaria Foot Locker stores in Greece, Ro
Slide 43: Focus on high productivity and excellent customer service
Focus on high productivity and excellent customer service Successfully operate the Interlkea International Distribution Centre in Greece Transform to a_ state-of-the-art 3PL company offering supply chain services outside Fourlis group in SE Europe LOGISTICS
Slide 44: Sustainability Strategy
Fourlis 5 Sustainability Strategy
Slide 45: New Sustainability Committee of the BoD
New Sustainability Committee of the BoD. ‘al ESG under direct strategic oversight Integrated with risk, ethics and operations. = Energy & Emissions = Waste management " Working Conditions " Social Contribution " Corporate Culture & Governance
Slide 46: Key ESG Performance Highlights - FY 2024
Fourlis Key ESG Performance Highlights - FY 2024 WES 13)-C ity audits (IKEA ili TER: SPORT: stores in Attica) EV ZIN"(well being). pro< ote,
Slide 47: Appendix
Appendix
Slide 48: Group results 9M 2025
(amounts in € mil.) 9M '24 % 9M 25 9M ‘25 group results li Revenues 390.0 10.4% 4307 Four IS Gross Profit 180.2 12.5% 202.7 Gross Profit margin 46.2% ATI% Accelerated 9g rowth a nd EBITDA* 507 5.9% 53.7 i ili Soe Eo a strengthened profitability EBIT . 16.4 3.6% 5.8 = Revenue growth with accelerating
Slide 49: 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 EBIT
Slide 50: Home Furnishings (IKEA stores) 9M '25
Fourlis Home Furnishings (IKEA stores) 9M ‘25 (amounts in € mil.) 9M '24 % 9M '25 Revenues 257.3 5.1% 270.4 Gross Profit 119.3 75% 128.3 Gross Profit margin 46.4% 474% EBITDA" 38.6 2.7% 375 EBITDA margin 15.0% 13.9% EBIT 21.2 10.9% 18.9 EBIT margin 8.2% 70% EBITDA (adjusted)* 21.6 -10.3% 19.4 EBITDA
Slide 51: Sporting Goods (Intersport & Foot Locker stores) 9M '25
Fourlis Sporting Goods (Intersport & Foot Locker stores) 9M ‘25 (amounts in € mil.) 9M '24 % 9M '25 Revenue 130.7 20.7% 157.7 Gross Profit 597 22.0% 72.9 Gross Profit margin 45.7% 46.2% EBITDA* 17.2 30.9% 22.6 EBITDA margin 13.2% 14.3% EBIT u 277.6% 4.2 EBIT margin 0.9% 2.7% EBITDA (adjusted) * 44 6
Slide 52: Health & Wellness (Holland & Barrett stores) 9M '25
Fourlis Health & Wellness (HOLLAND & BARRETT stores) 9M ‘25 (amounts in € mil.) 9M '24 9M '25 Revenue 1.6 51.3% 2.4 Gross Profit 0.8 57.0% 1.2 Gross Profit margin 49.8% 51.7% EBITDA* | 9.3% -1.0 EBIT A7 -0.6% A7 EBITDA (adjusted) * -1.6 1.2% 5 “See Appendix for further details *EBITDA = EBIT + depre
Slide 53: Net financial Income/(Expenses) and depreciation analysis
Fourlis Net financial Income/(Expenses) of the Retail Business Group 9M '24 9M '25 Interest & Bank expenses & other -6.0 54 IFRS16 interest -9.8 11.4 Total -15.8 16.7 Depreciation Analysis Group 9M '24 9M '25 Depreciation (assets) 11.4 12.6 Depreciation of Right of Use Assets (ROUA)- IFRS 16 22.9 25
Slide 54: Analysis of EBITDA per Business Unit
Fourlis Analysis of EBITDA per Business Unit 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 55: Balance Sheet 9M 2025
Fourlis Balance Sheet 9M 2025 Balance sheet (€ mil.) FY '24 9M '25 Property, plant & equipment 83.3 87.2 Right of Use Assets 174.4 378.1 Other Non Current Assets 62.3 2247 Non-current assets 319.9 690.1 Inventories 98.2 150.3 Receivables 25.6 31.7 Cash & Cash Equivalent 49.4 40.3 Assets Held for Sal
Slide 56: Thank you
Fourlis Thank you