Slide 1: 2Q26 results presentation
2Q26 results presentation GDANSK, 17 SEPTEMBER 2026
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) was prepared by LPP SA presented in this document. Many of those factors are beyond (the “Company”) with due care. Still, it may contain certain the awareness and control of the Company or the Company’s inconsistencies or omissions. The Presentation
Slide 3: Summary 2Q26
01 Summary 2Q26 2Q26 PRESENTATION 3
Slide 4: Stable business growth
Stable business growth 230 4,000+ Marketplace Sinsay PLN 506m opened stores stores in the Group of investments including 212 4,033 stores at the end launched in Poland in 2Q26 in Sinsay brand of 2Q26, including 2,669 new growth driver Sinsay for Sinsay brand ca. PLN 150 million 351 openi
Slide 5: Very good profitability in the quarter
Very good profitability in the quarter 6.6 1.7 1.1 768 PLN bn PLN bn PLN bn PLN m revenue EBITDA operating profit net profit +18% YoY1 +42% YoY +57% YoY +48% YoY 1Revenue growth in constant currencies: +18% The figures for 2025 have been adjusted for the impact of the write-offs – receivables from t
Slide 6: Steady development of Sinsay chain
Steady development of Sinsay chain NO. OF NEW STORES NO. OF STORES BY BRAND # (gross) # (net YoY, as at 31.07.2026) 365 FLOORSPACE 296 245 Poland 379 (+6) 1,062 ths. m2 232 230 (-20) +9% YoY 348 381 253 (-14) Abroad 200 121 212 4,033 2,180 ths. m2 (+838) +29% YoY 102 359 (+9) 2,669 43 32 17 19 18 (+
Slide 7: Dynamic in key regions
Dynamic in key regions POLAND CEE SEE No. of Floorspace No. of Floorspace No. of Floorspace stores (ths m2) stores (ths m2) stores (ths m2) 1,374 1,062 564 454 1,084 901 +111 +9% +101 +15% +315 +30% BALTICS WE EE & CA No. of Floorspace No. of Floorspace No. of Floorspace stores (ths m2) stores (ths
Slide 8: Launch of Sinsay marketplace
Launch of Sinsay marketplace START August 2026, under the 3P model. Poland as the first market, with overseas expansion in subsequent phases. THE ROLE OF THE MARKETPLACE Expanding the range to include complementary product categories. Increasing the frequency of purchases and developing Sins
Slide 9: Launch of a new Distribution Center in Romania
Launch of a new Distribution Center in Romania launch – July 2026 floorspace – 56,000 m2 location – Bolintin-Deal (near Bucharest) warehouse capacity – 35 million items Target: to support the growing stores network in South-Estern Europe and to provide a logistics base for e-commerce warehou
Slide 10: 2Q26 financial results
02 2Q26 financial results 2Q26 PRESENTATION 10
Slide 11: Strong rebound in sales across both channels
Strong rebound in sales across both channels GROUP REVENUES Impact of FX rates in 2Q26: ca. +0.1 pp. PLN m +15% Sales abroad (+22.2% YoY) grew faster than in 12,049 Poland (+13.6% YoY), with the highest growth +18% 10,508 rates in Eastern Europe and Central Asia. 6,577 5,554 Online sales in 2Q
Slide 12: Like-for-like (LFL) sales growth YoY
Like-for-like (LFL) sales growth YoY +7.5% +4.3% +4.3% +3.2% +1.6% +1.8% +1.4% -0.5% -2.8% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Sinsay +8.7% +11.2% +1.5% +0.9% -0.6% -1.7% -1.6% -6.8% -1.2% heritage -0.5% +4.6% +1.4% +7.9% +3.7% +10.8% +0.5% +2.2% +5.4% brands 2Q26 PRESENTATION 12
Slide 13: YoY increase in gross profit margin
YoY increase in gross profit margin QUARTERLY GROUP GROSS PROFIT MARGIN Collections ordered at a favourable US$/PLN FX rate, with a visible positive effect from the +3.7 pp. strengthening of the zloty (~3.6 vs ~4.0) and 58.5% 57.6% 57.7% more favourable freight rates. 56.6% Improvements to the p
Slide 14: Effective management of SG&A costs
Effective management of SG&A costs SG&A COSTS/M2 SG&A costs/m2 decreased by 3.6% YoY thanks to the implementation of automation in e-commerce -0.3 pp. 550 45.1% 50 logistics and continued cost control at HQ. 500 40.6% 45 40.2% 38.8% 39.8% 450 40 Increase in SG&A costs of 17.4% YoY, mainly due to
Slide 15: Strong growth in profit and profitability
Strong growth in profit and profitability EBITDA EBIT NET PROFIT PLN m +42% PLN m PLN m +57% +48% 2Q 1,744 1,127 1,224 768 719 520 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 EBITDA EBIT Net profit margin 22.0% 26.5% 12.9% 17.1% margin 9.4% 11.7% margin +40% +53% +45% 1H 3,026 1,815 1,243 2,166 1,187 855 1H25 1H2
Slide 16: Investment projects in line with the plan
Investment projects in line with the plan CAPEX Expenditure on stores in 2Q26 amounted to PLN m PLN 279m (-26% YoY) due to the continued -14% 1,248 opening of new traditional stores, mainly of 1,068 Sinsay brand. -20% 635 656 PLN 146m (-24% YoY) in logistics investments, 531 506 mainly related t
Slide 17: Inventory prepared for Autumn/Winter 2026
Inventory prepared for Autumn/Winter 2026 INVENTORY AND INVENTORY/M2 At the end of 2Q26, inventory amounted to PLN 5.3bn, a higher level due to preparations for the Autumn/Winter -17% 2026 season. 1,918 1,903 1,964 1,816 1,827 1,693 1,633 In 2Q26, the inventory/m2 fell by 16.9% YoY, mainly due t
Slide 18: Stable financial foundations
Stable financial foundations WORKING CAPITAL CASH FLOW NET DEBT PLN m PLN m 14,000 PLN m, IFRS 16 1.5 2,500 1.2 12,000 -720 -861 2,000 1.1 1.1 1.2 10,000 1.3 1.0 1,500 1,000 2,114 8,000 0.9 5,217 5,269 1,828 1,454 6,000 500 771 907 5,686 4,952 5,078 5,532 6,065 0.6 202 169 0 4,000 -635 -562 -506 -50
Slide 19: 2Q26 summary
2Q26 summary 01 Strong sales growth A return to double-digit growth in both sales channels. Steady growth in profits 02 Profit growth at every level: EBITDA, EBIT, net profit. High operational efficiency 03 Consistent implementation of business initiatives, effective management of inventory and cost
Slide 20: Outlook 2026+
03 Outlook 2026+ 2Q26 PRESENTATION 20
Slide 21: Back to school
Back to school RESERVED AND SINSAY – KIDS OMNICHANNEL Comfort and functionality – T-shirts, sweatshirts, tracksuits and weather- +23% YoY appropriate items. Denim and loose-fitting styles – jeans, wide-leg trousers and relaxed OFFLINE silhouettes. +19% YoY Basics & trends – prints, embroidery
Slide 22: Sinsay: strengthening sales growth
Sinsay: strengthening sales growth AREA ACTIVITIES STATUS AFTER 2Q26 ‘Back to fashion’ More balanced product mix: strong performance from mid-range products, Smart Value: price + quality + design whilst maintaining an attractive offering at lower price points. COLLECTION Accelerating decisio
Slide 23: A very good start to 3Q
A very good start to 3Q 20% YoY growth in the Group’s sales in constant currency for the period 1 August – 15 September (impact of FX rates ca. +0.2 pp): 1 August 2026– YoY, constant currency 15 September 2026 Sales +20% online +20% LFL +4% A favourable gross profit margin on sales, in the perio
Slide 24: Medium-term targets
Medium-term targets 2026 2025 2026 2027 update Sales from core operations, PLN bn 23.1 ca. 26–27 ca. 26–27 ca. 30–31 including: Offline 16.6 ca. +16–20% YoY ca. +16–20% YoY ca. +15–20% YoY Online 6.4 ca. +10–12% YoY ca. +10–12% YoY ca. 15% YoY Gross profit margin on sales 55.6% ca 56.0% 56.5% – 57.0
Slide 25: Q&A
04 Q&A 2Q26 PRESENTATION 25
Slide 26: Back-up
05 Back-up 2Q26 PRESENTATION 26
Slide 27: Sinsay: focus on quality
Sinsay: focus on quality STORE PROFITABILITY1 PROFITABILITY BY STORE SIZE1,2 EBITDA % 32,6% 30,9% 31,4% 31,0% Sinsay 25,8% 30,1% 30,7% 31,3% 29,2% 40% avg. EBITDA: 31% 22,7% 20% heritage brands avg. EBITDA: 33% 0% 43% 39% 32% 33% 20% 16% -20% 4% 5% 6% 4% format "mini" XS S M L -40% 98% of stores wit
Slide 28: Lower costs of own stores
Lower costs of own stores COSTS OF OWN STORES/M² Lower YoY rental costs/m2 → higher number 240 of Sinsay stores opened with lower rents. 220 200 -3% Lower YoY personnel (HR) costs/m2 → effective 180 168 164 162 163 management of working hours in stores. 160 155 140 50 51 120 51 50 51 Stable Yo
Slide 29: Selected financial results
Selected financial results PLN m, IFRS16 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 YoY Revenue 4,954 5,554 6,141 6,460 5,472 6,577 18.4% Revenue YoY +21.6% +17.4% +21.6% +16.4% +10.5% +18.4% - Revenue YoY (CC) +23.5% +19.6% +23.3% +18.3% +10.8% +18.3% - Gross profit margin on sales 54.0% 54.0% 57.6% 56.2% 58.5%
Slide 30: Glossary
Glossary Poland Retail sales in Poland and other sales of LPP SA. Region comprising: CEE (Czech Republic, Slovakia, Hungary), Baltic (Lithuania, Latvia, Estonia), SEE (Bulgaria, Romania, Croatia, Serbia, Slovenia, Bosnia Other countries and Herzegovina, North Macedonia, Greece, Albania, Kosovo, Mold
Slide 31: Contact
Contact LPP SA HQ ul. Łąkowa 39/44, 80-769 Gdańsk Tel. +48 58 76 96 900 Email: lpp@lpp.com CONTACT FOR INVESTORS Email: LPP.investor.relations@lpp.com CONTACT FOR MEDIA Email: media@lpp.com discoverlpp company/LPP SA discoverlpp discoverlpp 2Q26 PRESENTATION