Financial Report (Bnode 2Q26 Press release ENG)

Interim financial report

Second quarter 2026 highlights

• Group operating income at 1,046.4 mEUR, a decrease of 4.2% or 45.9 mEUR compared to last year.
• Group adjusted EBIT at 29.4 mEUR, a decrease of 28.9 mEUR with a margin of 2.8%, Group reported EBIT at 20.2 mEUR, down 28.0 mEUR compared to last year with a margin of 1.9% compared to a margin of 4.4% last year. Both reported and adjusted EBIT include around -25.5

  mEUR of April strike impact.

• Bpost

  • Total operating income at 515.0 mEUR down 7.9% or 43.9 mEUR compared to last year.

  • 29.2 mEUR lower Mail and Press revenues, reflecting 16.8% volume decline and favourable 6.4% price/mix.

  • 10.2 mEUR lower Parcel revenues, reflecting 9.2% volume decline driven by April strike and favourable price/mix impact of 1.3%.

  • Lower operating expenses (3.9% down) reflecting 6.5% lower FTEs from reorganizations, partially offset by 2% salary indexation.

  • Reported EBIT at negative 1.3 mEUR and adjusted EBIT at negative 0.7 mEUR, including approximately -24.0 mEUR strike impact.

• Paxon

  • Total operating income at 405.9 mEUR (up 0.2% or 0.8 mEUR) reflecting 6.5% growth across Paxon Europe businesses, partly offset by Staci Americas and forex impact. Radial North America reported lower revenues year-on-year (down 9.2 mEUR or 2.6% excluding exchange rate impact) due to 2025 client churn and negative Same Store Sales.

  • Slightly lower operating expenses in line with EU/US topline developments and fixed costs efforts at Radial North America.

  • Reported EBIT at 14.4 mEUR and adjusted EBIT at 22.9 mEUR, an increase by 2.9 mEUR with a margin of 3.6% and by 2.1 mEUR with a margin of 5.7% respectively.

• Landmark Global

  • Total operating income at 148.8 mEUR (down 1.6% or 2.4 mEUR), lower April-May volumes to Belgium due to the strikes, partially offset by strong June performance with Asian volumes growth across all key destinations (including Belgium and US). North America volumes showed modest growth which was partially offset by mix and forex impacts.

  • Higher operating expenses from higher volume driven transport costs and Corporate / ICT charges.

  • Reported EBIT at 16.7 mEUR (11.2% margin) and adjusted EBIT at 16.8 mEUR (11.3% margin), including around -1.5 mEUR strike impact.

CEO quote

Chris Peeters, CEO of Bnode: "The April strike had a substantial impact on our financial results. We are working relentlessly on regaining trust of the last mile customers. Globally the results also show that the fundamentals of our business and strategic direction towards a parcel-centric group are solid. Across the Group, we continue to execute our transformation, improve operational efficiency and invest in future growth. Our priority remains clear: delivering better logistics solutions to our customers while creating sustainable value for all our stakeholders."

Outlook for 2026 and strike impact

Bnode today revises its FY26 adjusted EBIT outlook to approximately 140 mEUR.

The revision primarily reflects an updated estimate of the April strike impact at Bpost, now assessed at approximately 25 mEUR, compared with the preliminary estimate of 15 mEUR communicated in early May.

In addition, Bnode is experiencing slower-than-expected commercial development within Paxon, resulting in an estimated EBIT impact of approximately 20 mEUR versus initial FY26 expectations. This mainly reflects customer churn at Radial North America that has not yet been fully offset by new

customer wins, although partly mitigated by additional optimization initiatives, top customer churn at

Staci Americas, where a strong commercial pipeline is expected to support future growth from 2027 onwards, and slower-than-expected development of new business activities in Paxon France. These headwinds are partly mitigated by approximately 5 mEUR of additional optimization and cost-saving

As a result, including this net 15 mEUR impact, Bnode now expects FY26 adjusted EBIT to be around 140 mEUR, positioning performance towards the lower end of the initial guidance range of 165-195 mEUR adjusted for the updated strike impact of 25 mEUR. The outlook for Landmark Global remains

As a reminder, in April 2026, a five-week nationwide strike significantly disrupted Bpost's sorting and delivery operations, with the most severe impact in Wallonia and the Brussels region. The industrial action resulted in a substantial backlog of letters and parcels, as well as a parcels volume loss to competitors.

The strike was triggered by employee opposition to certain elements of the ongoing transformation plan, notably proposed changes to starting hours (shift by up to two hours). These measures are intended to enable later parcel cut-off times and ensure better alignment of operations with customer requirements in an increasingly competitive parcel market.

While the preliminary estimate of the direct EBIT impact communicated in early May was around 15 mEUR, the impact is now estimated at approximately 25.5 mEUR (24.0 mEUR at Bpost and 1.5 mEUR at

Landmark Global). This estimate reflects lost revenues in Mail and Parcels, quality-related penalties, additional contingency costs, and expenses associated with clearing the accumulated backlog.

For more information:

Antoine Lebecq T. +32 2 276 29 85 (IR) corporate.bnode.com/investors

investor.relations@bnode.com Veerle Van Mierlo T. +32 472 92 0229 (Media) veerle.vanmierlo@bnode.com

1 Adjusted figures are not audited and definition of adjusted is included in section Alternative Performance Measures.

Group overview

Compared to last year, total operating income decreased by 45.9 mEUR or 4.2% to 1,046.4 mEUR:

• External operating income Bpost decreased by 43.9 mEUR and amounted to 493.6 mEUR, driven by April strike and structural mail volume decline.

• External operating income Paxon remained stable and amounted to 403.7 mEUR reflecting solid European growth offset by anticipated US churn.

• External operating income Landmark Global slightly decreased by 1.9 mEUR to 147.9 mEUR driven by strike-related volume losses in Belgium, partially offset by a strong European performance.

• Corporate external operating income remained stable (-0.1 mEUR) at 1.1 mEUR.

Including approximately -25.5 mEUR direct EBIT impact from April strike, reported EBIT decreased by

28.0 mEUR and amounted to 20.2 mEUR and adjusted EBIT decreased by 28.9 mEUR and amounted to 29.4 mEUR.

Compared to last year, total operating income decreased by 101.4 mEUR or 4.6% to 2,109.8 mEUR:

• Bpost external operating income decreased by 65.2 mEUR driven by the April strike, the structural mail volume decline and the termination of the 679 contract.
• Paxon's external operating income decreased by 40.1 mEUR, mainly due to the anticipated churn in North America, partially offset by the European growth.
• Landmark Global's external operating income increased by 3.6 mEUR driven by a strong growth in Asian volumes and European flows.
• Corporate external operating income remained stable (+0.3 mEUR).

Given the net adverse strike impact of approximately 19.5 mEUR (last year's impact of approximately 6 mEUR in the first quarter of 2025 and current year's adverse impact of approximately 25.5 mEUR in the second quarter of 2026), reported EBIT decreased by 38.1 mEUR at 44.3 mEUR, adjusted EBIT

decreased by 37.2 mEUR reaching 62.6 mEUR.

12.3 mEUR, which reprensents an increase of 4.2 mEUR compared to last year.

Business Unit performance: Bpost

Revenues from Domestic mail (i.e. Transactional, Advertising and Press combined) decreased by 29.2 mEUR to 250.9 mEUR or 10.4% driven by lower volumes. Total Domestic mail volume decrease impacted revenues by 44.9 mEUR with 16.8% volume decline (against negative 11.3% in the second quarter of 2025), partially compensated by 15.7 mEUR net improvement in price and mix (+6.4%). The Transactional volume decrease of 12.3% includes the mandatory e-invoicing from January 1, 2026, whereas the Advertising volume decrease of 24.6% reflects the loss of the advertising contracts.

Revenues Parcels Belgium decreased by 10.2 mEUR (or 7.9%) to 119.1 mEUR driven by a 9.2% volume decline. This reflected a 27.2% drop in April volumes due to a five-week strike, while average daily volumes in May and June were in line with last year. The volume decline was partially offset by a positive a price/mix effect of 1.3% driven by favourable mix partly offset by strike-related customer claims and contractual penalties.

Bpost

volumes

Revenues from Domestic mail (i.e. Transactional, Advertising and Press combined) decreased by 50.3 mEUR or 8.8% to 521.5 mEUR driven by lower volumes. Total Domestic mail volume decrease impacted revenues by 84.6 mEUR with 15.5% volume decline (against negative 9.4% in the first half of 2025), partially compensated by 34.4 mEUR net improvement in price and mix (+6.1%). The Transactional volume decrease of 11.5% includes the mandatory e-invoicing from January 1, 2026, whereas the Advertising volume decrease of 23.1% reflects the loss of the advertising contracts.

Business Unit performance: Paxon

Business Unit performance: Landmark Global

Despite underlying growth across most commercial activities, reported EBIT and adjusted EBIT respectively decreased by 12.9 mEUR and 10.9 mEUR, amounting respectively to 31.1 mEUR and 31.4 mEUR, reflecting higher transport costs (including intersegment charges), unfavourable business mix effects in Europe and North America, as well as approximately 1.5 mEUR April strike impact.

Business Unit performance: Corporate

Both reported and adjusted EBIT decreased by 1.9 mEUR reaching negative 9.6 mEUR.

Cash flow statement

2nd quarter (in million EUR)

Cash flow from operating activities

out of which CF from operating activities before ∆ in WC & provisions

Cash flow from investing activities

In the second quarter of 2026 the net cash flow amounted to negative 90.3 mEUR while last year net cash movement was positively impacted by the proceeds from the bond issuance in the second quarter.

26.6 mEUR compared to the second quarter 2025, mainly explained by the lower EBITDA.

Cash flow related to collected proceeds due to Radial's clients was 2.2 mEUR higher (0.1 mEUR inflow in the second quarter 2026 compared to 2.1 mEUR outflow in the same period last year).

The variance in change in working capital and provisions (+29.2 mEUR) was explained amongst others by the terminal dues and suppliers' balances.

Capex stood at 30.7 mEUR in the second quarter 2026 and was mainly spent on Paxon, parcels & lockers capacity and domestic fleet.

In the second quarter 2026 the cash flow relating to financing activities amounted to -72.7 mEUR (mainly driven by payments related to lease liabilities and the annual coupon on the bond issued in 2025) compared to 500.5 mEUR last year, mainly explained by the net proceeds from bond issuance (750 mEUR new bond issue, partially offset by 28.8% partial repayment of the 650 mEUR bond which matured in July 2026).

Year-to-date (in million EUR)

Cash flow from operating activities

out of which CF from operating activities before ∆ in WC & provisions

Cash flow from investing activities

Financing activities

In 2026, the net cash inflow reached 19.6 mEUR or a decrease by 554.3 mEUR compared to the same period last year. This decrease was mainly explained by the net proceeds from the bond issuance in 2025 (750.0 mEUR bond issuance in 2025 and the partial reimbursement of 185.6 mEUR of the 650 mEUR bond in 2025 ahead of the July 2026 maturity) and related interests paid in 2026.

43.8 mEUR compared to 2025 in line with the EBITDA.

Cash outflow related to collected proceeds due to Radial's clients was 48.9 mEUR lower (4.1 mEUR outflow in 2026 compared to an outflow of 53.0 mEUR last year).

The variance in change in working capital and provisions (58.2 mEUR) was mainly explained by the suppliers' balances, an advance received in the context of the transfer of the 679 banking contract to BNPPF (expected to reimbursed in the coming months) and terminal dues.

Capex stood at 51.4 mEUR in 2026 and was mainly spent on Paxon, parcels & lockers capacity and domestic fleet.

In 2026 the cash outflow relating to financing activities amounted to 129.7 mEUR compared to a 441.8 mEUR inflow last year, mainly explained by the bond issuance (-585.2 mEUR) partially counterbalanced by higher proceeds from short term deposits (+12.6 mEUR).

Interim Condensed Consolidated Financial Statements

EARNINGS PER SHARE

As far as Bnode is concerned, no effects of dilution affect the net result attributable to ordinary equity holders and the weighted average number of ordinary shares as there are no dilutive potential shares in issuance.

0.5 860.0

364.0 (2.9) 10.0 (7.4) 111.4 589.6 (205.1) 859.5

AS AT 1 JANUARY 2025

In million EUR

ATTRIBUTABLE TO E UITY HOLDERS OF THE PARENT

AUTHORIZED & ISSUED CAPITAL

CASH FLOW HEDGE RESERVE

REMEASUREMENT ON

DEFINED BENEFIT

NET INVESTMENT HEDGE

FOREIGN CURRENCY TRANSLATION

OTHER RESERVES

RETAINED EARNINGS

TOTAL

NON-CONTROLLING INTERESTS

TOTAL E UITY

Result of the year 2025 0.0 0.0 0.0 0.0 0.0 0.0 (5.2) (5.2) 0.6 (4.6)

Other comprehensive income

0.0 (4.1) 0.2 0.0 (103.1) 0.0 0.0 (107.0) 0.0 (107.0)

Dividends (Pay-out) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0 (205.5) 205.1 (0.5) 0.0 (0.5)

AS AT 1 JANUARY 2026

364.0 (5.9)

9.6

(7.4)

3.6 384.3 (40.3) 707.8

1.3 709.1

Result of the year 2026 0.0 0.0 0.0 0.0 0.0 0.0 (2.0) (2.0) 0.6 (1.4)

Other comprehensive income

0.0 1.1 0.1 0.0 23.6 0.0 0.0 24.8 0.0 24.8

Dividends (Pay-out) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0 (40.1) 40.3 0.2 0.0 0.2

Total equity increased by 23.6 mEUR to 732.7 mEUR as at June 30, 2026 from 709.1 mEUR as at December 31, 2025. This increase was mainly explained by the exchange differences on translation of foreign operations (+23.6 mEUR, mainly driven by the evolution of the exchange rate of the USD), the unwinding of the cash flow hedge reserves which will be reclassified to profit or loss during the term of the bonds (see note 14), partially offset by the loss of the year (-1.4 mEUR).

Notes to the interim Condensed Consolidated Financial Statements

1. Corporate information

   The interim condensed consolidated financial statements of Bnode for the first six months ended June 30, 2026 were authorized for issue in accordance with a resolution of the Board of Directors on August 6, 2026.

   Business activities

   bpost NV/SA and its subsidiaries (hereinafter referred to as "Bnode") provide national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels.

   Bnode also sells a range of other products and services, including postal, parcels, banking and financial products, e-commerce logistics, fulfilment services, express delivery services, proximity and convenience services, document management and related activities. Bnode also carries out Services of General Economic Interest ("SGEI") on behalf of the Belgian State.

   Legal status

   bpost NV/SA is a limited liability company under public law. bpost has its registered office at Anspachlaan/Boulevard Anspach 1, box 1, 1000 Brussels. The shares of bpost NV/SA are listed on the regulated market of Euronext Brussels since June 21, 2013 (share ticker BPOST).

2. Basis for preparation and accounting policies Basis of preparation

   These interim financial statements are subject to review by the independent auditor (see statement of limited review).

   The interim condensed consolidated financial statements for the six months ended June 30, 2026 have been prepared in accordance with IAS 34 Interim Financial Reporting. Bnode has prepared the financial statements on the basis that it will continue to operate as a going concern as there are no material uncertainties and there are sufficient resources to continue operations.

   Collective labour agreement for 2026-2027

   End of May 2026, management of Bpost and the social partners concluded a new collective labour agreement (CLA) in the joint committee, which will remain in effect until the end of 2027. This agreement is an important step toward further securing the company's future. The CLA provides guarantees to both employees and the company itself, despite the difficult economic and financial context. In particular, it reaffirms job security and protection against compulsory redundancies, as well as measures to increase purchasing power (such as the increase in meal vouchers and the one-time bonus linked to the results of 2026 and 2027) and the maintenance of compensation for efforts during the year-end period. Other elements include agreements concerning internal re-employment, leave days or end-of-career arrangements. A number of elements in the collective labour agreements are linked to the new work organization proposed as part of the transformation within the letter and parcel distribution department.

   The conclusion of this agreement came after a five-week nationwide strike, which significantly disrupted Bpost's sorting and delivery operations, with the most severe impact in Wallonia and the Brussels region. The strike was triggered by employee opposition to certain elements of the ongoing transformation plan, notably proposed changes to starting hours (shift by up to two hours).

   Impairment of assets

   Bnode assessed whether its market capitalization (316.4 mEUR on June 30, 2026), which is lower than the carrying amount of its net assets (709.1 mEUR on June 30, 2026), should be considered an indicator of impairment under IAS 36.

   Bnode notes that its share has a limited free float (49.0%) as a significant majority of the shares are held by the Belgian State. In addition, analyst coverage has decreased in recent years and the restricted free float reduces the willingness of institutional investors to take on positions. Such limited liquidity can lead the share price to fluctuate independently of fundamentals and may create a disconnect between market price and the carrying amount of Bnode's net assets. Furthermore, there's also the uncertainty linked to compliance reviews as well as the challenging social climate experienced in the second quarter of 2026. This results in low trading volumes, causing the company to effectively operate as a small cap on the stock exchange. Based on these factors, Bnode believes that the observed market capitalisation is not a reliable indicator for assessing impairment.

   Tariffs and trade measures

   Bnode continuously monitors and assesses developments related to geopolitical uncertainties, including tariffs (US and EU tariff measures), trade measures, fuel price volatility and foreign exchange movements. These developments may create uncertainty in economic activity and supply chains and contribute to increased transportation costs and exchange rate volatility. Bnode may be indirectly affected by these developments (Bnode's growth path, pressure on margin), its diversified global footprint and broad customer base help mitigate localized effects. For a comprehensive description of the principal risks affecting Bnode and the related risk management framework, see section 5.2 Risk Management of Bnode's annual financial statement of December 31, 2025.

   For related foreign exchange rate risks, see Bnode's annual financial statements of December 31, 2025, more specifically note 6.29 Financial instruments and financial risk management.

   The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with Bnode's annual consolidated financial statements as at December 31, 2025.

   Significant accounting policies

   The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of Bnode's annual consolidated financial statements for the year ended December 31, 2025, except for the adoption of new standards and interpretations effective as from January 1, 2026.

   The following amendments to existing standards apply for the first time as from 2026:

   • Annual Improvements to IFRS Accounting Standards - Volume 11

   • IFRS 9 and IFRS 7 - Amendments - Classification and Measurement of Financial Instruments

   • IFRS 9 and IFRS 7 - Amendments - Contracts Referencing Nature-dependent Electricity These amendments have no material impact on the interim consolidated financial statements.

   Bnode has not early adopted any other standard, interpretation, or amendment that was issued but is not yet effective.

   Bnode continues its implementation of IFRS 18, effective for annual periods beginning on 1 January 2027. The assessment disclosed in Bnode's annual financial statements as at December 31, 2025

   remains unchanged and no material new impacts have been identified during the six months ended 30 June 2026

   Bnode has performed the Q2 2026 Transitional CbCR Safe Harbour calculations for all of its current legal entities within Bnode. The calculations have been based on June 30, 2026 figures and considering the budgeted figures for the remainder of the year. Based on this assessment Bnode qualifies for the Transitional CbCR Safe Harbours in all jurisdictions, hence no Pillar II provision has been recognized per June 30, 2026 and therefore the consolidated financial statements do not include information required by paragraphs 88A-88D of IAS 12.

3. Seasonality of operations

   Although Bnode's revenue and earnings are not affected by highly cyclical fluctuations, there are some seasonal fluctuations. The peak season beginning as of the month of December in Europe and around Thanksgiving in the US has a positive effect on the sales of Parcels and Paxon. For Radial North-America part of Paxon operating segment, a leading US player in integrated e-commerce logistics and omnichannel technology, the fourth quarter is traditionally the quarter with the highest revenue and earnings.

4. Operating segment

   Bnode operates through three business units, which were rebranded in the forth quarter of 2025, while their underlying activities remained unchanged. These business units benefit from the services of various support units:

   Bpost activities (previous operating under the name BeNe Last Mile)

   In Belgium and the Netherlands, Bnode offers modern, high-quality and flexible postal and parcel services, certain contract logistics, press distribution, certain banking activities and other value-added services. Its main expertise lies in B2C services, with the possibility of expanding into B2B and omnichannel logistics.

   Some of the key services include:

   • Handling and distribution of mail:

     • transactional mail (residential mail or administrative mail from businesses and government);

     • addressed and unaddressed advertising mail (door-to-door);

   • Home delivery of newspapers and periodicals through commercial agreements with publishers;

   • Deliveries of parcels of all sizes and weights, wherever and whenever the customer desires. Bnode has the largest pickup and delivery network for parcels in Belgium:

     • More than 650 post offices offer a complete range of postal services and products, along with certain banking services in partnership with BNP Paribas Fortis;

     • More than 650 post points provide the most common postal services;

     • Customers can also pick up and send parcels at parcel points and via more than 2,800 parcel lockers;

   • Value-added services, such as simplifying administrative procedures and optimising activities that are not part of the customer's core business, for example the handling traffic fines and distributing or deregistering license plates.

   • Personalised Logistics through its entities Dynalogic and Euro Sprinters.

     Paxon activities (previously operating under the name 3PL)

     Thanks to its extensive range of services dedicated to the entire e-commerce chain, Bnode aims to facilitate e-commerce. It provides integrated third-party logistics (3PL) services, emphasising flexibility and added value for B2C, B2B and omnichannel segments. With an extensive range of efficient fulfilment solutions, Bnode manages the entire logistics process of orders, adapting it to the client's needs - from product storage to return processing, all the way to order preparation for delivery to the intended destinations.

   • From a mouse click to the doorbell: once the online order is confirmed by the consumer, Bnode through its subsidiaries such as Radial and Active Ants, handles everything else. Bnode warehouses products, manages stocks, picks items, prepares packages for shipping and entrusts them to transportation partners. Staci is a renowned fulfilment and logistics services specialist that offers multichannel logistics and distribution solutions, including B2B, D2C and e-commerce to a wide range of industries including beauty & healthcare, telecom, retail, food & beverage and the public sector.

   • Beyond fulfilment: innovative solutions connect brands to their consumers using advanced omnichannel technologies, including intelligent payment solutions, fraud protection, tailored supply chain services and customer support.

     Landmark Global activities (previously operating under the name of Global Cross-border)

     Landmark Global activities relate to shipping parcels across national borders, thereby dealing with transportation, customs, taxes and other formalities.

   • Bnode through its entities Landmark Global offer integrated cross-border management and transportation capabilities. With the expertise, infrastructure, and operational capabilities required, it manages parcel shipping, mail distribution, order processing, and returns. Collaborating with a broad range of partners, its experts worldwide ensure swift handling of customs formalities.

   • Bnode operates an extensive network of road and air connections in North America, Europe and Asia. It combines its own last-mile networks, access to carriers and customs services through robust IT platforms.

   Corporate and Support units ("Corporate") consist out of the 3 support units and the corporate unit. The support units offer as a sole provider business solutions to the 3 business units and to Corporate and includes Finance & Accounting, Human Resources & Service Operations, IT & Digital. The Corporate unit includes Strategy, Transformation, M&A, Legal, Regulatory and Corporate Secretary. The EBIT generated by the support units is recharged to the 3 business units as opex while the depreciation remains in Corporate. Revenues generated by the Support Units, including sales building are disclosed in Corporate.

   As Bnode identifies its CEO as the chief operating decision maker ("CODM"), the operating segments are based on the information provided to the CEO. Bnode computes its profit from operating activities (EBIT) at the segment level and is measured consistently with the financial statements' accounting guidelines (IFRS). Assets and liabilities are not reported per segment to the CODM.

   No operating segments have been aggregated to form the above reportable operating segments.

   Services and products offered between legal entities are at arm's length whereas the service and products offered between business units of the same legal entity are generally based on incremental costs. Services provided by support units to business units of the same legal entity are based on full cost.

   As corporate treasury, associates, joint ventures and tax are centrally managed for Bnode the net financial result, income tax and share of profit of associates and joint ventures are only disclosed at the level of Bnode.

   The following tables present an overview of the segment results:

   Year-to-date Bpost Paxon Landmark Corporate Eliminations Group Global

   In million EUR

   1H25

   1H26

   1H25

   1H26

   1H25

   1H26

   1H25

   1H26

   1H25

   1H26

   1H25

   1H26

   1,083.6	1,018.4	832.3	792.2	293.2	296.8	2.3	2.5	0.0	0.0	2,211.3	2,109.8
   40.2	44.3	2.8	3.9	3.2	2.2	220.0	234.0	(266.3)	(284.4)	(0.0)	0.0
   1,123.8	1,062.6	835.1	796.1	296.4	299.0	222.3	236.6	(266.3)	(284.4)	2,211.3	2,109.8
   20.4	19.1	22.5	21.8	1.5	1.8	0.1	0.0	0.0	0.0	44.5	42.8
   420.3	425.7	466.5	458.1	196.6	209.8	100.1	107.7	(266.3)	(284.3)	917.4	917.0
   580.8	548.1	222.7	190.6	42.8	42.6	99.1	106.6	0.0	0.0	945.5	887.9
   0.6	0.4	8.1	12.8	(0.8)	1.1	6.1	5.3	0.0	0.0	14.0	19.6
   53.2	54.4	105.4	95.6	12.2	12.5	36.7	35.7	0.0	0.0	207.5	198.3
   48.4	14.8	9.8	17.1	44.0	31.1	(19.8)	(18.8)	0.0	(0.0)	82.4	44.3
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.0)	0.0
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(70.4)	(39.4)
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(16.6)	(6.3)
   48.4	14.8	9.8	17.1	44.0	31.1	(19.8)	(18.8)	0.0	(0.0)	(4.6)	(1.4)

   External operating income

   Intersegment operating

   income

   TOTAL OPERATING INCOME

   Material costs

   Services and other goods (incl. intersegment opex)

   Payroll costs

   Other operating expenses Depreciation, amortization

   PROFIT/(LOSS) FROM OPERATING ACTIVITIES (EBIT)

   Shares of results of

   associates and joint ventures

   Financial results Income tax expenses

   PROFIT/(LOSS) OF THE PERIOD (EAT)

   TD

   Bpost

   Paxon

   Landmark Global

   Corporate

   Eliminations

   Group

   In million EUR 2 25 2 26 2 25 2 26 2 25 2 26 2 25 2 26 2 25 2 26 2 25 2 26

   
   
   

   537.6	493.6	403.8	403.7	149.7	147.9	1.2	1.1	0.0	0.0	1,092.3	1,046.4
   21.3	21.4	1.4	2.2	1.5	0.9	114.5	115.1	(138.7)	(139.6)	0.0	(0.0)
   558.9	515.0	405.1	405.9	151.2	148.8	115.8	116.2	(138.7)	(139.6)	1,092.3	1,046.4
   9.6	9.9	11.5	10.5	0.7	0.8	0.2	0.0	0.0	0.0	22.0	21.2
   216.3	210.9	225.2	232.7	99.6	103.0	48.2	52.8	(138.6)	(139.6)	450.6	459.9
   287.0	270.6	105.5	96.4	21.0	21.4	53.7	52.1	0.0	0.0	467.2	440.5
   (2.6)	(2.6)	(0.2)	4.9	0.9	0.6	3.1	2.6	0.0	0.0	1.1	5.5
   27.2	27.5	51.6	47.0	6.1	6.3	18.4	18.2	0.0	0.0	103.2	99.1
   21.6	(1.3)	11.6	14.4	22.8	16.7	(7.7)	(9.6)	(0.0)	(0.0)	48.2	20.2
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(42.1)	(22.9)
   0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(4.8)	1.4
   21.6	(1.3)	11.6	14.4	22.8	16.7	(7.7)	(9.6)	(0.0)	(0.0)	1.3	(1.3)

   External operating income Intersegment

   operating income

   TOTAL OPERATING INCOME

   Material costs

   Services and other goods (incl. intersegment opex)

   Payroll costs

   Other operating expenses Depreciation,

   amortization

   PROFIT/(LOSS) FROM OPERATING ACTIVITIES (EBIT)

   Shares of results of

   associates and joint ventures

   Financial results Income tax expenses

   PROFIT/(LOSS) OF THE

   PERIOD (EAT)

   Bpost EBIT amounted to 14.8 mEUR with a margin of 1.4% and decreased by 33.6 mEUR compared to last year. Excluding the net adverse strike impact of approximately 18 mEUR (last year's impact of approximately 6 mEUR in the first quarter of 2025 and current year's adverse impact of approximately 24 mEUR in the second quarter of 2026), EBIT decreased with margin contraction driven by mail volume impacts and the termination of the 679 contract. Paxon EBIT amounted to 17.1 mEUR (with a margin of 2.1%, first half 2025: 1.2%) and increased by 7.3 mEUR. Despite the lower topline (39.1 mEUR), EBIT increased by topline growth and productivity gains in Europe and cost measures in North America offsetting continued topline pressure.

   Despite underlying growth across most commercial activities, Landmark Global EBIT decreased by

   12.9 mEUR, amounting to 31.1 mEUR, reflecting higher transport costs (including intersegment charges), unfavourable business mix effects in Europe and North America, as well as approximately 1.5 mEUR April strike impact.

   Corporate EBIT stood at -18.8 mEUR, reflecting a slight increase of 1.1 mEUR. Net financial result (i.e. net of financial income and financial costs) end of June 2026 amounted to -39.4 mEUR and increased by 30.9 mEUR compared to 2025. This increase was mainly due to last year's unfavourable non cash foreign exchange results and higher income on cash and cash equivalents, partially offset by higher interests costs in line with increased level of bond debt compared to last year. Income tax expense decreased by 10.3 mEUR compared to last year, in line with the lower profit before taxes.

   The table presented below provides the disaggregation of Bnode's revenue from contracts with customers.

   Year-to-date	External operating income				Revenue
   In million EUR	2025	2026	Change %	2025	2026	Change %
   Bpost	1,083.6	1,018.4	-6.0%	1,080.7	1,016.7	-5.9%
   Transactional mail	358.2	337.0	-5.9%	358.2	337.0	-5.9%
   Advertising mail	87.9	73.9	-15.9%	87.9	73.9	-15.9%
   Press	125.7	110.6	-12.0%	125.7	110.6	-12.0%
   Parcels Belgium	255.2	252.2	-1.1%	255.2	252.2	-1.1%
   Proximity and convenience retail network	135.6	124.4	-8.3%	135.6	124.4	-8.3%
   Value added services	54.9	47.5	-13.3%	54.9	47.5	-13.3%
   Personalized logistics	63.3	71.1	12.3%	63.3	71.1	12.3%
   Other	2.9	1.6	-43.3%	0.1	0.0	-100.0%
   Paxon	832.3	792.2	-4.8%	830.9	788.7	-5.1%
   Paxon Europe	488.4	493.2	1.0%	488.4	493.2	1.0%
   Paxon North America	342.5	295.4	-13.7%	342.5	295.4	-13.7%
   Other	1.4	3.5	-	0.1	0.0	-100.0%
   Landmark Global	293.2	296.8	1.2%	291.7	296.4	1.6%
   Landmark Global Europe	177.0	184.7	4.3%	177.0	184.7	4.3%
   Landmark Global North America	114.6	111.7	-2.6%	114.6	111.7	-2.6%
   Other	1.5	0.4	-74.3%	0.1	0.0	-100.0%
   Corporate	2.3	2.5	12.2%	0.0	0.0	-
   TOTAL	2,211.2	2,109.8	-4.6%	2,203.5	2,101.8	-4.6%
   TD	External operating income				Revenue
   In million EUR	2025	2026	Change %	2025	2026	Change %
   Bpost	537.6	493.6	-8.2%	536.2	493.0	-8.1%
   Transactional mail	173.5	161.6	-6.8%	173.5	161.6	-6.8%
   Advertising mail	44.7	35.7	-20.1%	44.7	35.7	-20.1%
   Press	61.8	53.6	-13.4%	61.8	53.6	-13.4%
   Parcels Belgium	129.3	119.1	-7.9%	129.3	119.1	-7.9%
   Proximity and convenience retail network	67.7	62.5	-7.7%	67.7	62.5	-7.7%
   Value added services	27.6	24.5	-11.4%	27.6	24.5	-11.4%
   Personalized logistics	31.6	36.1	14.2%	31.6	36.1	14.2%
   Other	1.4	0.7	-51.5%	0.0	0.0	-
   Paxon	403.7	403.7	0.0%	404.9	403.1	-0.5%
   Paxon Europe	244.4	251.7	3.0%	244.4	251.7	3.0%
   Paxon North America	160.5	151.3	-5.7%	160.5	151.3	-5.7%
   Other	(1.2)	0.7	-	0.0	0.0	-
   Landmark Global	149.7	147.9	-1.2%	148.1	147.8	-0.2%
   Landmark Global Europe	92.1	91.6	-0.6%	92.1	91.6	-0.6%
   Landmark Global North America	56.0	56.2	0.3%	56.0	56.2	0.3%
   Other	1.6	0.1	-94.6%	0.0	0.0	-
   Corporate	1.2	1.1	-9.3%	0.0	0.0	-
   TOTAL	1,092.3	1,046.4	-4.2%	1,089.3	1,043.8	-4.2%

   Compared to last year, total operating income decreased by 101.4 mEUR or 4.6% to 2,109.8 mEUR:

   • Bpost external operating income decreased by 65.2 mEUR driven by April strike, the structural mail volume decline and the termination of the 679 contract.
   • Paxon's external operating income decreased by 40.1 mEUR, mainly due to the anticipated churn in North America, partially offset by European growth.
   • Landmark Global's external operating income increased by 3.6 mEUR driven by strong growth in Asian volumes and European flows.
   • Corporate external operating income remained stable (+0.3 mEUR).

   The geographically split of total operating income (excluded intersegment operating income) and the non-current assets are attributed to Belgium, France, Netherlands, rest of Europe, United States of America and the rest of the world. The allocation per geographical location is based on the location of the entity generating the income or holding the net asset. Other operating income is allocated to several line items.

   Year-to-date 2nd quarter
   In million EUR	2025	2026	Change %	2025	2026	Change %
   Belgium	1,159.3	1,084.9	-6.4%	577.2	523.6	-9.3%
   France	146.3	150.7	3.0%	72.5	77.6	7.0%
   Netherlands	174.1	189.9	9.1%	86.3	96.8	12.1%
   Rest of Europe	143.2	158.8	10.9%	74.0	81.6	10.3%
   USA	535.3	463.5	-13.4%	251.8	234.7	-6.8%
   Rest of world	53.0	62.0	17.1%	30.4	32.1	5.6%
   TOTAL OPERATING INCOME	2,211.3	2,109.8	-4.6%	1,092.3	1,046.4	-4.2%

   	As of 31 December	As of 30 June
   In million EUR	2025	2026	Change %
   Belgium	954.0	910.1	-4.6%
   France	613.6	615.0	0.2%
   Netherlands	405.1	404.5	-0.1%
   Rest of Europe	340.4	327.5	-3.8%
   USA	871.1	885.1	1.6%
   Rest of world	75.8	71.6	-5.5%
   TOTAL NON-CURRENT ASSETS	3,260.0	3,213.7	-1.4%

   Total non-current assets presented above consist of property, plant and equipment, intangible assets, and investment properties.

   Excluding the compensation received from the Belgian federal government to provide the services as described in the management contract, included in the Belgium segment, no single external customer exceeded 10% of Bnode's operating income.

5. Revenue

   	Year-to-date		2nd quarter
   In million EUR	2025	2026	2025	2026
   Revenue excluding the SGEI remuneration	2,126.1	2,024.0	1,050.6	1,004.9
   SGEI remuneration	77.4	77.7	38.7	38.9
   Total revenue	2,203.5	2,101.8	1,089.3	1,043.8

   Compared to last year revenue decreased by 101.7 mEUR or 4.6% to 2,101.8 mEUR.

   The revenue decrease excluding the SGEI remuneration (102.1 mEUR or 4.8%) was mainly driven by the revenue decrease in Bpost (64.3 mEUR), driven by the structural mail decline, the termination of the 679 banking contract and impact of the April strike and the Paxon revenue decrease (42.5m EUR), mainly due to continuous pressure in North America.

   SGEI remuneration is disclosed under Proximity and convenience retail network in the Bpost segment and remained stable versus prior year.

6. Services and other goods

   The costs of services and other goods remained stable and amounted to 917.0 mEUR as of June 30, 2026.

   Year-to-date 2nd quarter
   In million EUR	2025	2026	% Δ	2025	2026	% Δ
   Rent and rental costs (including SaaS)	58.3	58.1	-0.4%	28.4	29.2	3.0%
   Maintenance and repairs	58.4	56.0	-4.2%	27.9	27.2	-2.7%
   Energy delivery	37.8	33.9	-10.2%	16.4	13.9	-15.2%
   Other goods	12.4	10.8	-12.6%	6.5	5.4	-16.8%
   Postal and telecom costs	7.0	5.0	-28.9%	3.7	2.5	-31.5%
   Insurance costs	22.1	21.3	-3.7%	11.5	10.9	-4.9%
   Transport costs	454.3	439.6	-3.2%	223.2	220.3	-1.3%
   Publicity and advertising	11.0	9.8	-10.3%	4.9	5.1	3.6%
   Consultancy	0.1	2.3	-	(1.1)	1.2	-
   Interim employees	110.8	114.5	3.4%	55.0	59.5	8.1%
   Third party remuneration, fees	105.4	130.8	24.2%	53.0	68.1	28.6%
   Other services	39.7	34.8	-12.4%	21.1	16.5	-22.1%
   Total services and other goods	917.4	917.0	0.0%	450.6	459.9	2.1%

   • Transport costs amounted to 439.6 mEUR and decreased by 14.7 mEUR, mainly explained by lower volume driven transport costs in line with the revenue evolution in North America.

   • Third-party remuneration fees increased by 25.5 mEUR, amongst other driven by increased interim management, ICT services and other third party costs.

7. Property, plant and equipment

   Property, plant and equipment decreased by 46.1 mEUR or -3.2%, to 1,397.4 mEUR as of June 30, 2026 mainly explained as the depreciation (168.8 mEUR, including 101.6 mEUR related to IFRS 16 right of use assets) outpaced the evolution of the exchange rates (9.7 mEUR), the capital expenditure (44.4 mEUR) and the new right-of-use assets. The capital expenditure in 2026 was mainly spent on sorting center and network buildings, warehousing, racking and related equipment, parcels (amongst other sorting) & lockers capacity and domestic fleet (purchase of fleet and e-fleet infrastructure).

8. Intangible assets

   Intangible assets remained stable at 1,813.7 mEUR as of June 30, 2026. This evolution was mainly driven by depreciation charges recorded during the period amounting to 29.7 mEUR, offset by the evolution

   of the exchange rates (+21.3 mEUR) and capital expenditures of 7.1 mEUR. At reporting date there were no indications that goodwill needed to be impaired. Impairment testing will be performed at year-end.

9. Current trade and other receivables

   Current trade and other receivables decreased by 79.1 mEUR to 773.7 mEUR as per June 30, 2026. The decrease was mainly driven by the unwinding of the peak sales at year-end and terminal dues settlements.

10. Interest-bearing loans and borrowings

    Non-current interest-bearing loans and borrowings decreased by 35.0 mEUR to 2,292.9 mEUR as of June 30, 2026. This was mainly driven by the decrease of non-current lease liabilities during the period, partially offset by foreign currency translation effects related to the remeasurements of USD denominated lease liabilities into EUR.

    Current interest-bearing loans and borrowings increased by 21.0 mEUR to 721.9 mEUR during the period, partially due to foreign currency translation effects related to the remeasurement of USD-denominated lease liabilities into the EUR.

    Note furthermore that Bnode also has three undrawn revolving credit facilities for a total amount of

    575.0 mEUR, see note 13 "Financial assets and liabilities".

    There are no covenants on the loans.

11. Employee benefits

    As of 31 December	As of 30 June
    In million EUR 2025	2026
    Post-employment benefits 14.1	13.3
    Other long-term benefits 193.8	196.2
    Termination benefits 11.2	8.9
    Total employee benefits 219.1	218.5

    Employee benefits slightly decreased by 0.6 mEUR (or 0.3%) to 218.5 mEUR as of June 30, 2026. This decrease was mainly driven by:

    • benefits payments of 17.1 mEUR;

    • an operational actuarial gain of 4.0 mEUR;

    • a remeasurement gain of 0.2 mEUR (before tax) on post-employment benefit plans, recognized through other comprehensive income.

      These favorable impacts were partially offset by :

    • service costs of 15.9 mEUR and interest costs of 3.5 mEUR;

    • a financial actuarial loss of 1.3 mEUR resulting from changes in discount rates.

      The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, which does not materially differ from what is disclosed in the consolidated financial statements as at December 31, 2025 and should be read in conjunction with Bnode's annual consolidated financial statements as at December 31, 2025.

12. Current trade and other payables

    Current trade and other payables decreased by 125.6 mEUR and amounted to 1.102,2 mEUR as of June 2026. The decrease was mainly driven by lower social payables, reflecting the payment during the first half of 2026 of accruals recognized at year-end 2025 (including holiday pay, annual bonuses and other

    employee-related obligations). In addition, the decrease reflects the settlement of terminal dues and the decrease of the trade payables explained by the peak season at year end. This decrease was partially offset by the advance payment received for the SGEI compensation. Current trade and other payables include 3.6 mEUR balance of bpaid cards as of June 2026 (December 2025: 16.0 mEUR).

13. Financial assets and financial liabilities

    The following tables provides the fair value measurement hierarchy of Bnode's financial assets and financial liabilities per December 31, 2025 and June 30, 2026:

    As of 31 December 2025 In million EUR	Carrying amount	Fair value categorized: uoted Significant prices in other active observable markets inputs (Level 2) (Level 1)	Significant unobservable input (Level 3)
    Financial assets measured at amortized cost

    Non-Current
    Financial assets	28.9	-	28.9	-
    Current
    Financial assets	2,104.3	-	2,104.3	-
    Total financial assets	2,133.2	-	2,133.2	-

    Financial liabilities measured at amortized cost

    Non-Current

    Long-term bond	1,744.2	1,739.7
    Financial liabilities	586.0		586.0
    Current
    Short-term bond	462.4	460.5
    Financial liabilities	1,466.2		1,466.2
    Financial liabilities measured at fair value Non-Current
    Financial liabilities	9.8	-	-	9.8
    Current
    Derivatives instruments - forex swap	0.2	-	0.2	-
    Total financial liabilities	4,268.8	2,200.3	2,052.4	9.8

    As of 30 June 2026

    Fair value categorized: uoted

    Carrying amount

    Significant other

    In million EUR

    prices in active markets (Level 1)

    Significant unobservable

    observable input (Level inputs (Level 2) 3)

    
    
    

    Financial assets measured at amortized cost

    Non-Current

    Financial assets	27.2	-	27.2	-
    Current Financial assets	2,036.7	-	2,036.7	-
    Total financial assets	2,063.9	-	2,063.9	-
    Financial liabilities measured at amortized cost Non-Current
    Long-term bond	1,744.1	1,742.8	-	-
    Financial liabilities	552.0	-	552.0	-
    Current
    Short-term bond	462.8	462.8	-	-
    Financial liabilities	1,361.3	-	1,361.3	-
    Financial liabilities measured at fair value Non-Current
    Financial liabilities	9.8	-	-	9.8
    Current Derivatives instruments - forex swap	0.1	-	0.1	-
    Total financial liabilities	4,130.1	2,205.4	1,913.4	9.8

    The fair value of the non-current and current financial assets measured at amortized cost and the non-current and current financial liabilities measured at amortized cost, approximate their carrying amounts. For instruments where this is not considered a reasonable approximation, fair value information is disclosed in the table above.

    During the period there was no transfer between fair value hierarchy levels and there were no changes in the valuation techniques and inputs applied.

    Non-current financial assets consist of the non-current trade and other receivables, excluding the non-current contract costs - assets recognized to obtain or fulfil a contract.

    Financial assets measured at amortized cost - current

    Current financial assets consist of cash and cash equivalents and current trade and other receivables, excluding the current contract costs - assets recognized to obtain or fulfil a contract.

    Financial liabilities measured at amortized cost - non-current

    At the second quarter 2026, the non-current financial liabilities consisted of:

    • 500 mEUR bond. The 5-year bond has been issued in October 2024 with a coupon of 3.29%.

    • 750 mEUR bond. The 7-year bond has been issued in June 2025 with a coupon of 3.479%. The proceeds will be used for the refinancing of the outstanding 650 mEUR bond maturing in July 2026 and for general corporate purposes.

    • 500 mEUR bond. The 10-year bond has been issued in October 2024 with a coupon of 3.632%.

    • Liabilities related to leases: 548.6 mEUR.

      Derivative instruments

      Bnode is exposed to certain risks relating to its daily business operations. The primary risk is the foreign currency risk and is managed using derivative instruments. Bnode uses foreign exchange forward and foreign exchange swap contracts to manage some of its exposures in foreign currencies. Those contracts have been underwritten in order to hedge the exchange rate risks linked to the intercompany loans granted by bpost NV/SA to its subsidiaries. At the second quarter 2026, the impact of the fair value of the forward contracts and foreign exchange swap contracts amounted to an increase of the liabilities by 0.1 mEUR.

      Financial liabilities measured at amortized cost - current

      At the second quarter 2026, the current financial liabilities consisted of:

    • 462.8 mEUR bond, relating to the remaining portion of the 650 mEUR bond not repurchased by Bnode during the tender offer launched in June 2025. The 8-year bond has been issued in July 2018 with a coupon of 1.25% and was fully reimbursed at maturity date on July 11, 2026.

    • The outstanding balance of liabilities related to leases amounted to 226.3 mEUR at the second quarter of 2026.

    Financial liabilities measured at fair value - non-current

    This liability relates to the put option held by Staci management on non-controlling interests of Staci (Ordinary shares). The initial fair value recognised in 2024 was determined based on the price that Bnode paid for the acquisition of Staci. In 2025, this liability was remeasured at its fair value (present value of the expected redemption price) based on equity value estimates at possible exercise date, computed with a valuation model based on (i) EBITDA projections, (ii) contractual multiple and (iii) projected net debt. No remeasurement was performed as of June 30, 2026 as there were no significant changes in the underlying assumptions, financial performance, or market conditions that would

    materially impact the valuation. Bnode will continue to monitor relevant inputs and reassess the fair value in future reporting periods as necessary.

    Revolving credit facilities

    bpost NV/SA has three undrawn revolving credit facilities totalling 575.0 mEUR.

    The syndicated facility amounts to 400.0 mEUR and matures in June 2031. It is structured as a "Sustainability-Linked Financing", with pricing subject to an ESG-related margin adjustment (premium or discount) based on the borrower's performance against three predefined targets. These targets relate to (i) Bnode's annual Scope 1 and Scope 2 greenhouse gas emissions, (ii) the representation of women in management positions within Bnode, and (iii) the proportion of Tier 1 suppliers with Science Based Targets initiative (SBTi) validated Scope 1 and Scope 2 greenhouse gas emissions reduction targets within bpost NV/SA's Tier 1 procurement spend. Depending on performance against the sustainability targets, the margin may be reduced or increased, the same adjustment mechanism applies to the commitment fee on undrawn amounts. As at June 30, 2026, the facility remained undrawn.

    In addition, bpost SA/NV has two bilateral facilities: one for 75.0 mEUR, maturing in December 2030, which allows drawdowns in both EUR and USD; and another for 100.0 mEUR, maturing in June 2030, which allows drawdowns in EUR only. Except for the 400 mEUR syndicated facility, each of the other two facilities includes an option to extend the maturity by one additional year.

14. Derivative financial instruments and hedging Derivative instruments

    Bnode uses foreign exchange forward contracts and foreign exchange swap contracts to manage some of its exposures in foreign currencies. Those contracts have been underwritten in order to hedge the exchange rate risks linked to the intercompany loans granted by Bnode to its subsidiaries in their local currencies. Hedging instruments can be used to mitigate these impacts.

    Interest Rate Swap

    An 8-year bond has been issued in July 2018 with a coupon of 1.25%. In anticipation of this issuance, in February 2018 Bnode entered into a forward interest rate swap for 10 years with a nominal amount of

    600.0 mEUR. The transaction was contracted in order to hedge the interest rate risk on the contemplated issuance of a long-term bond to refinance the acquisition bridge loan entered into in November 2017 for the acquisition of Radial. In July 2018, Bnode issued a 650.0 mEUR 8-year bond. At that time, the interest rate swap was unwound and settled via a payment of 21.5 mEUR split between an effective part of 20.0 mEUR and an ineffective part of 1.5 mEUR. The ineffective part was booked in the income statement. The effective part of the cash-flow hedge (20.0 mEUR) has been recognized in other comprehensive income (amount net of tax is 14.8 mEUR) as cash-flow hedge reserve. This cashflow hedge is reclassified to profit or loss during the same periods as the long- term bonds' cash-flows will affect profit or loss over 8 years as from its issuance date. In June 2025, Bnode repurchased 28.8% of the nominal value of the 650 mEUR bond, resulting in an outstanding balance of 462.8 mEUR, which remains due at its original maturity date in July 2026. In 2026, a net amount of 0.7 mEUR has been reclassified to the income statement.

    A 7-year bond has been issued in June 2025 with a coupon of 3.479% for 750.0 mEUR. In anticipation of this issuance, Bnode entered into a forward interest rate swap for 7 years with a nominal amount of

    750.0 mEUR to hedge the interest risk. The interest rate swap was unwound and settled via a payment of 7.5 mEUR considered as fully effective which has been recognized in other comprehensive income (amount net of tax is 5.7 mEUR) as cash-flow hedge reserve. This cash-flow hedge is reclassified to profit or loss during the same periods as the long-term bonds' cash-flows will affect profit or loss over 7 years as from its issuance date. In 2026, a net amount of 0.4 mEUR has been reclassified to the income statement.

15. Compliance reviews

    This interim financial report should be read in conjunction with Bnode's annual financial statements of December 31, 2025. More specifically note 6.27 related to provisions (amongst other the compliance reviews related to the processing of traffic fines, the management of 679 accounts and the delivery/cancellation of license plates) as well as the note 6.30 contingent liabilities and contingent assets (amongst other the compliance review regarding the public tender of the Belgian State for the distribution of recognized newspapers and periodicals in Belgium i.e. the press concession) in Bnode's annual financial statements as of December 31, 2025. The referred notes above are materially unchanged compared to those disclosed in Bnode's annual financial statements as of December 31, 2025. As some of the concerned contracts are still ongoing pending final agreement, the provision for compliance increased from 108.5 mEUR end of December 2025 to 113.7 mEUR end of June 2026.

16. Events after the reporting period

No significant events impacting Bnode's financial position have been observed after the statement of financial position date.

Limited review report

We have reviewed the accompanying interim condensed consolidated statement of financial position of bpost SA de droit public / bpost NV van publiek recht as at 30 June 2026, the interim condensed consolidated income statement, other comprehensive income, changes in equity and cash flows for the six-month period then ended, and notes ("the condensed consolidated interim financial information"). The board of directors is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with IAS 34, "Interim Financial Reporting" as adopted by the European Union. Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.

We conducted our review in accordance with the International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information as at 30 June 2026 and for the six-month period then ended is not prepared, in all material respects, in accordance with IAS 34, "Interim Financial Reporting" as adopted by the European Union.

Without modifying our conclusion expressed above, we draw attention to Note 15 'Compliance reviews' of the accompanying condensed consolidated interim financial information which describes the ongoing audit by the Belgian authorities related to the compensation of the press concession received by the Company as well as management's risk assessment on the potential impacts.

Diegem, August 6th, 2026

EY Bedrijfsrevisoren BV/SRL PVMD Réviseurs d'Entreprises BV/SRL

Represented by Represented by

Han Wevers* Alain Chaerels

Partner Partner

* Acting on behalf of a BV/ SRL

Alternative Performance Measures (unaudited)

Bnode also analyses the performance of its activities in addition to the reported IFRS figures with alternative performance measures ("APMs"). The definitions of these alternative performance measures can be found below.

Alternative performance measures (or non-GAAP measures) are presented to enhance an investor's understanding of the operating and financial performance, to aid in forecasting and to facilitate meaningful comparison of the result between periods.

The presentation of alternative performance measures is not in conformity with IFRS and the APMs are not audited. The APMs may not be comparable to the APMs reported by other companies as those companies may compute their APMs differently from Bnode.

The calculation of the adjusted performance measure and adjusted operating free cash flow can be found below the definitions. The APMs derived from items reported in the financial statements can be calculated with and reconciled directly to the items as disclosed in the definitions below.

Bnode's management believes this measure provides the investor a better insight and comparability over time of the economic performance of Bnode.

Bnode's management believes that the performance at constant exchange rate provides the investor an understanding of the operating performance.