Slide 1: Corporate Presentation March 2026 - FY 2025 Financial Results
Corporate Presentation March 2026 FY 2025 Financial Results Presentation
Slide 2: Disclaimer
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 this pr
Slide 3: FY '25 Key Highlights
£ FY ‘25 Key Highlights Fourlis
Slide 4: FY '25 Highlights
FY ‘25 Highlights Sales +12% PBT at €29.6 mil. €21 mil. at €594 mil. 5.0% margin Contribution from Associates EBIT +15% 2.6x at €30.7 mil. 9.2 mil. Total Net Debt/EBITDA-adj. Shareholder Returns 5.2% margin Double-digit revenue growth and strengthened profitability in FY ’25, supported by market sha
Slide 5: Key Strategic developments
Key Strategic developments ▪ Trade Estates deconsolidation The Group strengthened its balance sheet and maintains strategic exposure to Trade Estates future growth and value creation. ▪ Foot Locker acquisition & expansion Expanding the Group’s presence in the athleisure sports segment. ▪ INTERIKEA D
Slide 6: Building Fourlis Group Retail Platform
A platform enabling Fourlis Group Building Fourlis Group Retail Platform to scale retail concepts faster & more efficiently across Southeast Europe RETAIL CONCEPTS FOURLIS GROUP RETAIL SOUTHHEAST PLATFORM EUROPE MARKETS IKEA Greece ▪ Concept Agnostic Supply Chain INTERSPORT Romania infrastructure Fo
Slide 7: How the platform Creates Value
How the platform Creates Value Value Creation Platform Capabilities • A shared platform of services and systems ✓ Faster network expansion and improved supply chain efficiency. supporting multiple global retail partnerships ✓ Operating efficiencies, higher productivity and cost discipline. • Central
Slide 8: Supply chain infrastructure enabling the Group's retail platform
Supply chain infrastructure enabling the Group’s retail platform Capabilities Infrastructure • Multiple distribution centers across Greece • Warehousing and distribution services • Supporting IKEA, INTERSPORT, Foot Locker and Holland & Barrett • E-commerce fulfillment support • Inventory and logisti
Slide 9: Group Financial Performance & Outlook
Group Financial Performance & Outlook 2 9
Slide 10: Operational performance
Operational performance Sales* EBIT* +8% CAGR +27% CAGR +10% +2% +12% +41% +27% +15% 35 10.0% 30.7 9.0% 30 26.7 8.0% 25 7.0% 21.1 6.0% 20 5.0% 14.9 5.0% 5.2% 594 15 522 530 4.0% 474 4.0% 3.0% 10 3.1% 2.0% 5 1.0% 0 0.0% 2022 2023 2024 2025 2022 2023 2024 2025 10 Group EBIT EBIT margin Estates
Slide 11: Operational performance by quarter
Operational performance by quarter Sales* EBIT* +1.7% +13.0% +15.1% +16.6% -16.8% -25.5% +22.6% +44.5% 166.7 162.9 16.0 14.9 15.0% 145.8 144.8 139.7 14.0 13.0% 129.0 116.2118.2 12.0 11.4 11.0% 9.8 10.3 10.0 8.5 9.0% 8.0 9.2% 8.0 8.8% 7.0% 7.4% 6.0 5.9% 5.0% 5.8% 5.5% 4.0 3.0% 2.0 1.0% -2.6% 0.0 -2.1
Slide 12: Operational performance per business unit
Operational performance per business unit Sales EBIT* +7% +22% +3% +65% +3% +42% 369 27.0 27.8 346 221 181 6.3 3.8 -1.7 -1.0 Home Furnishings Sporting Goods -2.4 -2.3 2024 2025 Home Furnishings Sporting Goods Health & Wellness FH & other 2024 2025 1% EBIT* margin 7.8% 7.5% 37% 2.1% 2.8% 62% Home Fur
Slide 13: Supporting investments to fuel Profitable Growth
Supporting investments to fuel Profitable Growth Capex investments Discipline and prioritization in capex investments €18.7 m. €17.6 m. €25.1 m. €26.3 m. 30 11.0% capex split FY ‘25 25 2.2 2.7 9.0% 3.5 20 6.1 7.0% 14% 19% 5.2 2.2 8.5 15 5.0% 4.7 4.7% 4.0% 4.4% 10 3.0% 8.8 3.4% 17 12 22% 5 11 1.0% 44
Slide 14: Healthy balance sheet & returning value to shareholders
..while also maintaining a healthy balance sheet & returning value to shareholders Shareholders Remuneration Net debt 110 102.5 7.0 93.2 90 84.8 85.6 6.0 1.9 1.4 5.0 3.1 70 5.1 1.1 4.0 50 3.0 7.8 7.7 3.1 5.9 6.3 30 2.7 5.4 5.7 2.6 2.0 5.0 4.2 10 1.0 2.1 -10 2022 2023 2024 2025 0.0 2017 2018 2019 202
Slide 15: Contribution from Associates
Contribution from Associates Strong returns depicted in our P&L (PBT) from our participations in Associated companies Income from Associates (€ mil.) Trade Estates 700 60 17.5 601.5 600 541.5 50 500 486.0 40 400 340 8.6 298.4 311.9 30 300 5.7 20 200 22.0 2.7 3.5 1.4 0.8 1.6 100 15.2 10 8.9 0 0 Q1 '2
Slide 16: Governance & shareholder alignment
Governance & shareholder alignment 3 16
Slide 17: Strong Governance & Shareholder Alignment
Strong Governance & Shareholder Alignment Institutional Shareholder Base Fourlis Family; 30% Quest Robust Corporate Alignment with Shareholder Management; 1% Hold IM Governance Framework Value Creation Institutional Investors; 51% other Retail & Other ▪ 56% independent Board members ▪ Executive comp
Slide 18: Business Activities of Fourlis
Business Activities 4 of Fourlis
Slide 19: Home Furnishings
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Slide 20: IKEA delivers resilient growth, solid margins and market share growth
Revenues IKEA delivers resilient growth, 6.0% cagr solid margins and market 369.5 share growth 346.8 346.1 Revenues Gross Profit margin 310.1 6.7% 369.5 47.7% ▪ Market share gains, higher 346.1 46.8% visitorship and network expansion 2022 2023 2024 2025 ▪ Amongst the top performing regions for the I
Slide 21: Execution on track
Execution on track Key milestones achieved & upcoming openings Network expansion reinforce IKEA’s reach & growth potential supports broader accessibility & growth Upcoming across the region ▪ New IKEA Patra store (7.200 sq.m) • replaced a Pickup & Order point. openings • increased visitorship as par
Slide 22: Sporting Goods: INTERSPORT / Foot Locker
Sporting Goods INTERSPORT / Foot Locker 22
Slide 23: Strong growth momentum across Intersport & Foot Locker
Revenues Strong growth Revenues Gross Profit margin momentum across 22% 201.8 221.0 Intersport & Foot Locker 47.0% 174.0 181.2 163.7 46.5% 181.1 ▪ Sales supported by higher conversion, an enriched product range, strengthened brand partnerships & network expansion. FY '24 FY '25 FY '24 FY '25 FY '22
Slide 24: Innovating retail experience through new formats & concepts
Innovating retail experience through new formats & concepts ✓ 8 new stores within 2025 ✓ Launch of the world’s first Intersport Football Club store in Athens (March 2025). A 2nd Football store opened in Thessaloniki in Oct’25. ✓ The new concept leads to high traffic & strong customer engagement ✓ Ex
Slide 25: Foot Locker network expands across the region
Foot Locker network expands across the region ▪ The acquisition of the Greek & Romanian operations completed in April 2025 ▪ Foot Locker sets foot in Bulgaria through 3 new stores in top-tier retail locations ▪ 4 new FL stores (3 in Greece & 1 Romania) ▪ New ecom platforms in Romania & Bulgaria ▪ Th
Slide 26: Health & Wellness
Health & Wellness 26
Slide 27: Strategic partnership to scale Holland & Barrett through pharmacy investment
Strategic partnership to scale Holland & Barrett through a strategic investment in the pharmacy sector Strategic repositioning to scale through a broader distribution platform Strategic Rationale Transaction overview ✓ Scaling through the pharmacy channel: Access to a • Strategic partnership with Go
Slide 28: Holland & Barrett FY '25
Revenues Holland & Barrett FY ‘25 102% cagr Revenues 46% 3.4 3.4 2.3 2.3 ▪ 60% customer loyalty and high conversion rates. 0.8 ▪ Strong Like-for-like stores growth at 28%. FY '24 FY '25 FY '23 FY '24 FY '25 ▪ Ecommerce shows a dynamic presence, with its participation in total category sales at 15%.
Slide 29: ESG
KO ESG Fourlis
Slide 30: ESG Strategy & Oversight
ESG Strategy & Oversight New Sustainability Committee of the BoD ▪ Long-standing ESG Integration Sustainability embedded since 2008 with a dedicated ESG department and robust reporting ✓ ESG under direct strategic oversight function. ✓ Integrated with risk, ethics & operations ▪ Full Alignment with
Slide 31: Key ESG Performance Highlights 2025
Key ESG Performance Highlights 2025 ✓ -15% in Scope 1 emissions in 2025 in ✓ 57% women in total workforce comparison to base year (2023)-Gr ✓ -39% in Scope 2 emissions (market based) in ✓ 46% women in management ✓ 56% independent BoD members 2025 in comparison to base year (2023)-Gr ✓ >€548k communi
Slide 32: Outlook
KO Outlook Fourlis
Slide 33: Transformation Timeline
Transformation Timeline Our Journey 2026 2027 - 2028 2028+ Platform Platform Scalable Foundations integration growth ✓ Operating model design & governance ✓ Supply chain & omnichannel integration ✓ Faster expansion of retail concepts ✓ Shared services set-up ✓ Cross-brand digital capabilities ✓ Marg
Slide 34: Q1 2026 Trading update
Q1 2026 Trading update (up to 28/03/2026) ▪ Positive start to FY ‘26 across all ✓ Disciplined execution remains the priority business units ▪ Group sales +13% ytd ✓ Maintaining flexibility amid macro and L-F-L +6% geopolitical uncertainty ▪ Home Furnishings +6% ytd L-F-L +3% ▪ Sporting Goods 24% ytd
Slide 35: Financial Calendar 2026
19/05/2026 Announcement of Key Financial Figures for the First Quarter of 2026. 20/05/2026 Analysts’ Briefing on the Key Financial Figures for the First Quarter of 2026. 12/06/2026 Annual General Shareholders Meeting. Ex-Dividend Date* (A date after June 19, 2026, which is the expiration day of 29/0
Slide 36: Appendix
Appendix 36
Slide 37: Group P&L FY '25
(amounts in € mil.) FY '24 % FY '25 Group Revenues 529.7 12.1% 593.7 P&L FY ‘25 Gross Profit 248.4 13.0% 280.6 Gross Profit margin 46.9% 47.3% EBITDA* 73.0 12.6% 82.2 EBITDA margin 13.8% 13.8% EBIT 26.7 15.0% 30.7 EBIT margin 5.0% 5.2% Net Financial Income/(expenses) -21.2 4.9% -22.2 Contribution fr
Slide 38: Net financial Income/(Expenses) and Depreciation Analysis
Net financial Income/(Expenses) of the Retail Business Depreciation Analysis Group FY ’24 FY ’25 Group FY '24 FY '25 Interest & Bank expenses & other -7.7 -6.8 Depreciation (assets) 15.6 17.3 IFRS16 interest -13.5 -15.4 Depreciation of Right of Use Assets 30.7 34.1 Total -21.2 -22.2 (RoUA)- IFRS 16
Slide 39: EBITDA-adjusted bridge
EBITDA-adjusted bridge 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. Gr
Slide 40: Allocation of parent company's shared service operations costs
Allocation of parent company’s shared service operations costs EBIT pro- opex EBIT FY ‘24 forma allocation reported Home Furnishings 27.0 -2.5 29.6 Sporting Goods 3.8 -1.5 5.3 40
Slide 41: Home Furnishings (IKEA stores) FY '25
Home Furnishings (IKEA stores) FY ‘25 (amounts in € mil.) FY ‘24* % FY '25 Revenues 346.1 6.7% 369.5 Gross Profit 162.1 8.7% 176.2 Gross Profit margin 46.8% 47.7% EBITDA* 50.8 3.8% 52.8 EBITDA margin 14.7% 14.3% EBIT 27.0 2.8% 27.8 EBIT margin 7.8% 7.5% EBITDA (adjusted)* 28.3 0.7% 28.5 EBITDA (adju
Slide 42: Sporting Goods (Intersport & Foot Locker stores) FY '25
Sporting Goods (Intersport & Foot Locker stores) FY ‘25 (amounts in € mil.) FY ‘24 * % FY '25 Revenue 181.2 22.0% 221.0 Gross Profit 85.1 20.8% 102.9 Gross Profit margin 47.0% 46.5% EBITDA* 25.2 24.2% 31.2 EBITDA margin 13.9% 14.1% EBIT 3.8 65.0% 6.3 EBIT margin 2.1% 2.8% EBITDA (adjusted) * 7.7 37.
Slide 43: Health & Wellness (Holland & Barrett stores) FY '25
Health & Wellness (HOLLAND & BARRETT stores) FY ‘25 (amounts in € mil.) FY '24 FY '25 Revenue 2.3 45.5% 3.4 Gross Profit 1.1 53.4% 1.7 Gross Profit margin 48.0% 50.6% EBITDA* -1.7 13.1% -1.5 EBIT -2.4 2.9% -2.3 EBITDA (adjusted) * -2.2 3.8% -2.1 43
Slide 44: Balance Sheet FY 2025
Balance Sheet FY 2025 Balance sheet (€ mil.) FY '24 FY '25 Property, plant & equipment 83.3 91.7 Right of Use Assets 174.4 380.4 Other Non Current Assets 62.3 233.4 Non-current assets 319.9 705.4 Inventories 98.2 143.2 Receivables 25.6 20.8 Cash & Cash Equivalent 49.4 43.2 Assets Held for Sale 556.9
Slide 45: Thank you
Thank you fourlis.com