Slide 1: Q4 2025 presentation
Kid ASA – Q4 presentation Kid ASA: Quarterly Report 11 Q4 2025 presentation
Slide 2: Financial summary
Financial summary Fourth quarter in brief • Group revenues increased by 3.5% (+12.0%) to MNOK 1,452.5, despite temporary logistical and product availability constraints. In constant currency: • Group revenues increased by 1.5% (+11.7%) • LFL revenues increased by 0.8% (+10.1%) • Online revenues incr
Slide 3: Operational focus
Operational focus Fourth quarter in brief • Strong performance in Autumn and Christmas assortments, with robust growth in key focus categories, including bathroom, curtains and kitchenware • Temporary logistical constraints from new warehouse impacted non-seasonal product availability in store, caus
Slide 4: Full-year operational summary
Full - year operational summary • 2025 was a transition year, establishing a strategic foundation for future growth, with short-term impact on revenues and OPEX from transition and ramp-up • New common Nordic warehouse for all markets becoming operational from May 2025 • Focus categories deliver sol
Slide 5: Full-year financial summary
Full - year financial summary GROUP REVENUES GROSS MARGIN MNOK % 3,785 3,945 2025 financials temporarily affected by warehouse transition 3,178 3,414 58.1 % 61.5 % 61.9 % 61.5 % • Group revenues increased by 4.2% (+10.9%) to MNOK 3,944.6. In constant currency: CAGR +7.5% +3.4pp • Group revenues incr
Slide 6: Revenues
REVENUES Revenues MNOK 1,404 1,453 567 579 887 902 Group revenues increased by 3.5% to MNOK 1,452.5 in Q4 696 734 798 856 320 324 328 297 259 281 • In constant currency: 836 874 500 536 563 574 438 452 • Group revenues increase of 1.5% (+11.7%) • Group like-for-like revenues increase of 0.8% (+10.1%
Slide 7: Gross margin
Gross margin Robust gross margin for the full-year in a historical perspective • Group gross margin was 61.2% for the quarter GROUP GROSS MARGIN % • Kid Interior gross margin decreased by -0.8pp to 60.5% (61.3%) • Hemtex gross margin increased by 1.3pp to 62.3% (61.0%) 63.2 % 62.3 % 62.1 % 61.9 % 61
Slide 8: OPEX
OPEX MNOK OPEX 395 451 330 346 353 305 304 316 233 159 OPEX-TO-SALES (excl. IFRS 16) of 39.1% (35.4%) 138 147 127 170 126 125 • Employee benefit expenses decreased by MNOK 17.9 236 218 192 180 199 188 183 • Lower accrued bonus 179 • Decrease driven by the ramp-up of the new warehouse in Sweden, wher
Slide 9: OPEX
OPEX Non-recurring items booked in 2025 related to the warehouse transition • The new common warehouse remains a strategically important but operationally demanding transition, involving complex integration across systems, automation and workforce Total estimated non-recurring items related to wareh
Slide 10: EBITDA
EBITDA MNOK 465 440 177 174 236 202 205 189 76 55 59 125 56 115 288 266 33 34 146 160 146 133 92 82 2024 2025 2024 2025 2024 2025 2024 2025 Q1 Q2 Q3 Q4 Kid Interior Hemtex 10 Kid ASA – Q4 presentation
Slide 11: Cash flow
Cash flow MNOK Cash flow development in fourth quarter • Cash flow from operations was positive by MNOK 614.8 • Affected by planned inventory build up in Q4-25 and trade payable - 74 • Cash flow from investments reflects mainly CAPEX relating - 100 - 24 to store openings, store projects and IT initi
Slide 12: Cash and credit facilities
Cash and credit facilities MNOK Financial position remains strong 1,310.0 587.6 • Cash and available credit facilities of MNOK 587.6 (MNOK 187.6 300.0 100.0 830.5) by the end of the quarter 100.0 300.0 722.4 • Net interest-bearing debt excl. IFRS 16 leasing liabilities of 300.0 112.4 MNOK 722.4 (MNO
Slide 13: Dividend
Dividend Dividend of NOK 2.50 per share and pay-out ratio of 89% in 2025 • The Board of Directors will propose to the Annual General Meeting a dividend of NOK 2.50 per share to be paid 27 May 2026. • Including dividend pre-payment of NOK 2.50 in November 2025, the ordinary dividends for 2025 is NOK
Slide 14: Store portfolio activity
NUMBER OF STORES PER QUARTER - END Store portfolio activity 283* Completed 2025 per quarter-end Signed, but not yet completed NO: Grünerløkka, Oslo NO: Bryn, Oslo NO: Otta NO: Krøgenes, Arendal (Q1-26) New stores SE: Hansa, Malmö NO: Laksevåg, Bergen (Q1-26) FI: Matkus, Kuopio SE: Mölndal Centrum, G
Slide 15: Outlook
Outlook • The focus in the coming periods will be on further optimising the new warehouse to realise the planned efficiency gains • Supply of goods from warehouse to stores normalised by year-end 2025, and no longer expected to impact revenues in 2026 • Completing the ongoing modernisation of the sy
Slide 16: Q&A
Kid ASA – Q4 presentation Kid ASA: Quarterly Report 161 Q&A
Slide 17: Segment: Kid Interior
Segment: Kid Interior KID Interior (Amounts in NOK millions) Q4 2025 Q4 2024 FY 2025 FY 2024 Revenue 873.6 836.4 2,435.5 2,337.5 Revenue growth 4.4 % 8.8 % 4.2 % 10.1 % LFL growth including online sales 4.0 % 6.7 % 3.1 % 8.5 % COGS -345.4 -323.8 -945.2 -892.3 Gross profit 528.2 512.6 1,490.3 1,445.1
Slide 18: Segment: Hemtex
Segment: Hemtex Hemtex (Amounts in NOK millions) Q4 2025 Q4 2024 FY 2025 FY 2024 Revenue 578.9 567.3 1,509.1 1,447.5 Revenue growth ¹ -2.6% 16.2 % 0.0 % 9.9 % LFL growth including online sales ¹ -3.8% 15.7 % -1.3% 9.3 % COGS -218.2 -221.5 -575.0 -550.9 Gross profit 360.7 345.8 934.0 896.6 Gross marg
Slide 19: Income statement
Income statement (Amounts in NOK thousand) Q4 2025 Q4 2024 FY 2025 FY 2024 Revenue 1,452.5 1,403.7 3,944.6 3,784.9 COGS -563.6 -545.3 -1,520.3 -1,443.2 Gross profit 888.9 858.4 2,424.3 2,341.7 Gross margin (%) 61.2 % 61.2 % 61.5 % 61.9 % Other operating revenue 2.1 1.4 5.2 4.8 OPEX -451.1 -395.2 -1,
Slide 20: Statement of financial position
Statement of financial position (Amounts in NOK thousand) Note 31.12.2025 31.12.2024 (Amounts in NOK thousand) Note 31.12.2025 31.12.2024 Assets Unaudited Audited Equity and liabilities Unaudited Audited Goodwill 9 75,807 71,298 Trademark Share capital 48,770 48,770 9 1,518,211 1,514,724 Other intan
Slide 21: Allocated segment costs
Allocated segment costs 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 benefits 5.9 4.0 7.0 4.3 5.8 4.3 6.4 11.1 25.1 23.7 expense Segment allocated other operating 2.8 1.2 2.8 1.3 2.8 1.3 4.1
Slide 22: 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 23: 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 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