AS Silvano Fashion Group Consolidated Interim Financial Report for QI of 2026 (unaudited)

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AS Silvano Fashion Group Consolidated Interim Financial Report for QI of 2026 (unaudited) Selected Financial Indicators Summarized selected financial indicators of the Group for Q1 of 2026 compared to Q1 of 2025 and 31.03.2026 compared to 31.12.2025 were as follows: in thousands of EUR 03m 2026 03m 2025 Change Revenue 11 816 12 016 -1.7% Gross Profit 6 656 5 844 13.9% Operating profit 1 691 1 402 20.6% EBITDA 2 530 2 165 16.9% Net profit for the period 1 046 2 969 -64.8% Net profit attributable equity holders of the Parent company 913 2 752 -66.8% Earnings per share (EUR) 0,03 0,08 -62.5% Operating cash flow for the period 1 822 -2 618 N/A         in thousands of EUR 31.03.2026 31.12.2025 Change Total assets 94 878 93 847 1.1% Total current assets 80 952 79 659 1.6% Total equity attributable to equity holders of the Parent company 77 932 76 768 1.5% Cash and cash equivalents 7 735 6 639 16.5% Short-term deposits over 3 months 38 387 38 311 0.2%         Margin analysis, % 03m 2026 03m 2025 Change Gross profit 56.3 48.6 15.8% Operating profit 14.3 11.7 22.2% EBITDA 21.4 18.0 18.9% Net profit 8.9 24.7 -64.0% Net profit attributable to equity holders of the Parent company 7.7 22.9 -66.4%         Financial ratios, % 31.03.2026 31.12.2025 Change ROA 7.9 10.0 -21.0% ROE 9.8 12.5 -21.6% Price to earnings ratio (P/E) 5.8 4.9 18.4% Current ratio 9.4 8.6 9.3% Quick ratio 5.8 5.2 11.5% Financial performance The Group`s sales amounted 11 816 thousand EUR during Q1 of 2026, representing a 1.7% decrease as compared to the same period of previous year. Overall, wholesale decreased by 13.6%, measured in EUR. The Group’s gross profit during Q1 of 2026 amounted to 6 656 thousand EUR and increase by 13.9% compared to previous year. The gross margin during Q1 of 2026 increased by 15.8% compared to Q1 of 2025. The cost of sold goods decreased by 16.4%. Consolidated operating profit for Q1 of 2026 amounted to 1 691 thousand EUR, compared to 1 402 thousand EUR for Q1 of 2025, increase by 20.6%. The consolidated operating profit margin was 14.3% for Q1 of 2026 (11.7% for Q1 of 2025). Consolidated EBITDA for Q1 of 2026 increased by 16.9% and amounted to 2 530 thousand EUR, which is 21.4% in margin terms (2 165 thousand EUR and 18.0% for Q1 of 2025). Reported consolidated net profit attributable to equity holders of the Parent company for Q1 of 2026 amounted 913 thousand EUR, compared to net profit of 2 752 thousand EUR for Q1 of 2025, net profit margin attributable to equity holders of the Parent company for Q1 of 2026 was 7.7% against net profit margin 22.9% for Q1 of 2025. Financial position As of 31 March 2026, consolidated assets amounted to 94 878 thousand EUR representing increase by 1.1% as compared to the position as of 31 December 2025. Trade and other receivables increased by 450 thousand EUR as compared to 31 December 2025 and amounted to        1 779 thousand EUR as of 31 March 2026. Inventory balance decreased by 291 thousand EUR and amounted to     30 946 thousand EUR as of 31 March 2026. Equity attributable to equity holders of the Parent company increased by 1 164 thousand EUR and amounted to             77 932 thousand EUR as of 31 March 2026. Current liabilities decreased by 704 thousand EUR during Q1 of 2026. Investments During Q1 of 2026 the Group’s investments into property, plant and equipment totalled 45 thousand EUR, in previous year same 90 thousand EUR. Investments were made mainly into opening and renovating own stores, as well into equipment and facilities to maintain effective production for future periods. Personnel As of 31 March 2026, the Group employed 1 612 employees, including 553 people in retail operations. The rest were employed in production, wholesale, administration and support operations. In 31.12.2025 there were 1 639 employees, including 552 people in retail operations. Total salaries and related taxes during Q1  of 2026 amounted 4 305 thousand EUR (3 929 thousand EUR in Q1  2025). The remuneration of key management of the Group, including the key executives of all subsidiaries, totalled 347 thousand EUR. Consolidated Statement of Financial Position in thousands of EUR Note 31.03.2026 31.12.2025     Unaudited Audited ASSETS       Current assets       Cash and cash equivalents 2 7 735 6 639 Short-term deposits over 3 months 2 38 387 38 311 Trade and other receivables 3 1 779 1 329 Prepayments and other tax receivables 3 2 046 2 106 Other assets   59 37 Inventories 4 30 946 31 237 Total current assets   80 952 79 659         Non-current assets       Non-current receivables   315 313 Investments in associates   93 97 Investments in other shares   222 221 Deferred tax asset   3 642 3 656 Intangible assets   649 658 Investment property   858 859 Property, plant and equipment 5 8 147 8 384 Total non-current assets   13 926 14 188 TOTAL ASSETS   94 878 93 847         LIABILITIES AND EQUITY       Current liabilities       Current lease liabilities   1 939 2 519 Trade and other payables 6 4 822 5 506 Tax liabilities   1 827 1 267 Total current liabilities   8 588 9 292         Non-current liabilities       Non-current lease liabilities   3 793 3 389 Non-current provisions   46 45 Total non-current liabilities   3 839 3 434 Total liabilities   12 427 12 726         Equity       Share capital 7 3 600 3 600 Share premium   4 967 4 967 Statutory reserve capital   1 306 1 306 Unrealised exchange rate differences   -18 698 -18 949 Retained earnings   86 757 85 844 Total equity attributable to equity holders of the Parent company   77 932 76 768 Non-controlling interest   4 519 4 353 Total equity   82 451 81 121 TOTAL EQUITY AND LIABILITIES   94 878 93 847 Consolidated Income Statement in thousands of EUR Note 1Q 2026 1Q 2025     Unaudited Unaudited Revenue from contracts with customers 9 11 816 12 016 Cost of goods sold   -5 160 -6 172 Gross Profit   6 656 5 844         Distribution expenses   -3 346 -3 020 Administrative expenses   -1 542 -1 283 Other operating income   102 63 Other operating expenses   -179 -202 Operating profit   1 691 1 402         Currency exchange income/(expense)   -259 1 833 Other finance income/(expenses)   121 112 Net finance income   -138 1 945         Profit (loss) from associates using equity method   -4 -7 Profit before tax   1 549 3 340         Income tax expense   -503 -371         Profit for the period   1 046 2 969 Attributable to :          Equity holders of the Parent company   913 2 752    Non-controlling interest   133 217         Earnings per share from profit attributable to equity holders of the Parent company, both basic and diluted (EUR) 8 0,03 0,08 Consolidated Statement of Comprehensive Income in thousands of EUR Note 1Q 2026 1Q 2025     Unaudited Unaudited         Profit for the period   1 046 2 969         Other comprehensive income (loss) that will be reclassified to profit or loss in subsequent periods:       Exchange differences on translation of foreign operations 284 1 914 Total other comprehensive income for the period   284 1 914         Total comprehensive income (loss) for the period   1 330 4 883 Attributable to:          Equity holders of the Parent company   1 164 4 396    Non-controlling interest   166 487 Consolidated Statement of Cash Flows in thousands of EUR Note 03m 2026 03m 2025         Cash flow from operating activities   Unaudited Unaudited Profit for the period   1 046 2 969 Adjustments for:         Depreciation and amortization of non-current assets   839 763   Share of profit of equity accounted investees   4 7   Gains/Losses on the sale of property, plant and equipment   6 0   Net finance income / costs   138 -1 945   Provision for impairment losses on trade receivables   0 4   Provision for inventories   1 1   Income tax expense   503 371 Change in inventories   291 -3 835 Change in trade and other receivables   -465 -501 Change in trade and other payables   -347 -188 Interest paid   0 -4 Income tax paid   -194 -260 Net cash flow from operating activities   1 822 -2 618         Cash flow from investing activities       Interest received   368 249 Dividends received   0 12 Purchase of other financial investments   -18 240 -16 400 Proceeds from other financial investments   18 140 11 500 Proceeds from disposal of property, plant and equipment   2 1 Loans granted   0 -11 Acquisition of property, plant and equipment   -45 -90 Acquisition of intangible assets   -5 -20 Net cash flow from investing activities   220 -4 759         Cash flow from financing activities       Proceeds from borrowings   0 500 Repayment of borrowings   0 -500 Payment of principal portion of lease liabilities   -741 -566 Interest paid on lease liabilities   -217 -208 Dividends paid   0 0 Net cash flow from financing activities   -958 -774         Net increase/decrease in cash and cash equivalents   1 084 -8 151 Cash and cash equivalents at the beginning of period 2 6 639 7 683 Effect of translation to presentation currency   84 2 919 Effect of exchange rate fluctuations on cash held   -72 -103 Cash and cash equivalents at the end of period 2 7 735 2 348 AS Silvano Fashion Group Phone: +372 6845 000 Email: [email protected] Attachment SFG consolidated interim financial report for Q1 2026 unaudited

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