Slide 1: Q3 2025 Revenues
Q3 2025 REVENUES 16 October 2025
Slide 2: Group Performance
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Slide 3: Q3 growth driven by the organic development of the 2 main businesses
Q3 2025 Revenues I 16 October 2025 Q3 GROWTH DRIVEN BY THE ORGANIC DEVELOPMENT OF THE 2 MAIN BUSINESSES Reported Like-for-like (€M) Q3 2024 Q3 2025 change change(1) (%) (%) Lagardère Publishing 765 811 +5.9 % +6.6 % Lagardère Travel Retail 1,596 1,695 +6.2 % +5.0 % Lagardère Live 56 42 -25.0 % -2.0
Slide 4: Q3 growth driven by the organic development of the 2 main businesses
Q3 2025 revenues I 16 October 2025 Q3 GROWTH DRIVEN BY THE ORGANIC DEVELOPMENT OF THE 2 MAIN BUSINESSES (€m) +€131m +5.4% 53 128 2,548 -50 2,417 ▪ Sterling Publishing & 999 Games ▪ USD: -€36m ▪ Lagardère Publishing: +7% ▪ Amsterdam Duty Free ▪ GBP: -€4m ▪ Lagardère Travel Retail: +5% ▪ Sale of Paris
Slide 5: 9M 2025 Revenues
Q3 2025 Revenues I 16 October 2025 9M 2025 REVENUES Reported Like-for-like (€M) 9M 2024 9M 2025 change change(1) (%) (%) Lagardère Publishing 2,074 2 160 +4,1 % +3,0 % Lagardère Travel Retail 4,344 4 582 +5,5 % +4,4 % Lagardère Live 192 157 -18,5 % +1,3 % Total revenue - Lagardère Group 6,610 6 899
Slide 6: 9M 2025 Revenue Evolution
Q3 2025 Revenues I 16 October 2025 9M 2025 REVENUE EVOLUTION (€m) +€289m +4.4% 85 256 6,899 -52 6,610 ▪ Lagardère Publishing: +3% ▪ Sterling Publishing & 999 Games ▪ USD: -€38m ▪ Lagardère Travel Retail: +4% ▪ Amsterdam Duty Free ▪ GBP: +€3m ▪ Lagardère Live: +1% ▪ Sale of Paris Match ▪ CAD: -€7m ▪
Slide 7: Q3 2025 Performance by Division
Q3 2025 PERFORMANCE BY DIVISION
Slide 8: Publishing: strong growth, driven by successful diversifications
Q3 2025 Revenues I 16 October 2025 PUBLISHING: STRONG GROWTH, DRIVEN BY SUCCESSFUL DIVERSIFICATIONS ▪ Revenue by geographic area(1) Q3 2025 revenue UK(2) €811m France 24% 31% Spain Other Europe ▪ Reported revenue up +5.9% 8% 4% Rest of the World US & 6% ▪ Like-for-like revenue up +6.6% Canada 27% •
Slide 9: Travel Retail: record revenue driven by North America and EMEA
Q3 2025 Revenues I 16 October 2025 TRAVEL RETAIL: RECORD REVENUE DRIVEN BY NORTH AMERICA AND EMEA ▪ Revenue by geographic area(1) Q3 2025 revenue Asia-Pacific €1,695m 4% France 17% Americas 23% ▪ Reported revenue up +6% • All regions contributed to growth, except for North Asia (-50%) • Ongoing rest
Slide 10: Live: continued to grow in 9M 2025 in a difficult advertising market
Q3 2025 Revenues I 16 October 2025 LIVE: CONTINUED TO GROW IN 9M 2025 IN A DIFFICULT ADVERTISING MARKET Q3 2025 revenue ▪ Revenue by business €42m ▪ Like-for-like revenue down 2%* News 29% ▪ Radio News down 2%* • Radio: weaknesses in musical radios and advertising Radio 40% market, offsetting contin
Slide 11: Conclusion
CONCLUSION
Slide 12: Conclusion
Q3 2025 Revenues I 16 October 2025 CONCLUSION ➢ Lagardère Group: Solid Q3 2025 organic growth of 5.4%. ➢ Lagardère Publishing: Record quarterly revenue of over €800 M confirming its leading position in all its territories and strong +6.6% organic growth, driven by the successful diversifications and
Slide 13: Appendix
APPENDIX
Slide 14: Q3 2025 Revenue by Geographic Area
CA T3 2025 I 16 Octobre 2025 Q3 2025 REVENUE BY GEOGRAPHIC AREA(1) Eastern Europe 14% vs 14% in Q3 2024 Western Europe(2) 32% vs 29% in Q3 2024 US & Canada France 24% vs 27% in Q3 2024 21% vs 21% in Q3 2024 Asia-Pacific 4% vs 5% in Q3 2024 €2,548m +131 M€ Latin America, Middle East, Africa 5% vs 4%
Slide 15: 9M 2025 Revenue by Geographic Area
Q3 2025 Revenues I 16 October 2025 9M 2025 REVENUE BY GEOGRAPHIC AREA(1) Eastern Europe 14% vs 13% in 9M 2024 Western Europe(2) 29% vs 27% in 9M 2024 US & Canada France 26% vs 27% in 9M 2024 21% vs 22% in 9M 2024 Asia-Pacific 5% vs 6% in 9M 2024 €6,899m +€289m Latin America, Middle East, Africa 5% v
Slide 16: Disclaimer
Q3 2025 presentation I 16 October 2025 DISCLAIMER By reading this presentation, you agree to be bound by the following limitations and qualifications: This presentation is for information purposes only and does not constitute an offer or solicitation for the sale or purchase of any securities, any p
Slide 17: Glossary (1/3)
Q3 2025 presentation I 16 October 2025 GLOSSARY (1/3) Lagardère uses alternative performance measures which serve as key indicators of the Group's operating and financial performance. These indicators are tracked by the Executive Committee in order to assess performance and manage the business, as w
Slide 18: Glossary (2/3)
Q3 2025 presentation I 16 October 2025 GLOSSARY (2/3) ▪ The like-for-like change in revenue is calculated by comparing: • revenue for the period adjusted for companies consolidated for the first time during the period and revenue for the prior period adjusted for consolidated companies divested duri
Slide 19: Glossary (3/3)
Q3 2025 presentation I 16 October 2025 GLOSSARY (3/3) ▪ Adjusted profit – Group share is calculated on the basis of profit for the period, excluding non-recurring/non-operating items, net of the related tax and of minority interests, as follows: Profit for the period excluding: • Gains (losses) on d