Ceconomy : Q2 2025/26 Financial Releases (CECONOMY Financial Release Q2 2025 26)

About this update from Ceconomy Ag

Q2 2025/26 financial highlights 1 Sales up by +4.9% 2 YoY with +4.8% LFL Gross margin 3,4 up 30bp driven by growth businesses +€10 m increase in adjusted EBIT 3 to €27 m. Adjusted EBIT margin 4 up 20bp Guidance 2025/26 confirmed and specified: Moderate sales increase; adjusted EBIT of around €500 m Dr. Kai-Ulrich Deissner, CEO of CECONOMY AG: "We are consistently building a platform that is really relevant for customers throughout Europe. Our stores can do more than just selling products. We develop digital services that build trust. Our customer experience online and offline grows together. The fact that our customer satisfaction has risen to 62 at the same time shows that our Experience Electronics strategy is well received. For me, this is the decisive proof: Those who are relevant to customers grow. And those who grow create room for the future." Key financial data 1 €m Q2 2024/25 Q2 2025/26 Change Reported sales 5,253 5,466 +4.1% Of which indexing effect IAS 29 (hyperinflation in Türkiye) -43 +93 +136 Growth 2 (%) 1.3% 4.9% +360bp Like-for-like sales development 0.8% 4.8% +400bp Adjusted gross margin 3,4 18.5% 18.7% +30bp Adjusted EBITDA 3 182 193 +11 Adjusted EBITDA margin 4 3.6% 3.4% +20bp Reported EBIT 21 -17 -38 Adjusted EBIT 3 17 27 +10 Adjusted EBIT margin 4 0.3% 0.5% +20bp Net result group share -33 -92 -59 Adjusted net profit group share 5 -29 -68 -39 Reported EPS (€) -0.07 -0.19 -0.12 Adjusted EPS 5 (€) -0.06 -0.14 -0.08 Net debt (-)/Net liquidity (+) -1.770 -1.597 +173 1 2024/25 values restated. 2 Adjusted for currency and portfolio change effects, pre-IAS 29. 3 Excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects. 4 Margin calculation based on reported sales pre-IAS 29 and adjusted EBIT/EBITDA. 5 Net profit group share and EPS adjusted for portfolio effects, pre-IAS 29, impairment on Poland and at-equity for Fnac Darty S.A. Outlook for FY 2025/26 confirmed and specified Moderate increase in fx- and portfolio-adjusted total sales Western/Southern and Eastern Europe are expected to contribute to sales growth Adjusted EBIT of around €500 m Improvement in adjusted EBIT driven by Western/Southern Europe The outlook is adjusted for portfolio changes and excludes earnings effects from companies accounted for using the equity method. Accounting effects of applying IAS 29 in Türkiye as a hyperinflationary economy are likewise excluded, as are non-recurring items, for example in connection with optimisation of the location portfolio and central structures as well as changes in the legal environment. Group highlights Q2 2025/26 Another subsequent quarter of adj. EBIT growth by +€10 m (+62%) to €27 m Online share (incl. Marketplace) pre-IAS 29 grew strongly, now at 26.3% (+140bp YoY) Refurbished product sales increased nearly fourfold YoY to 189,000 units sold Growth businesses: significant increase in Services & Solutions income and Retail Media nearly doubling €m pre-IAS 29 Q2 2024/25 Q2 2025/26 Change 1 Online sales 1,257 1,326 +8.0% Services & Solutions sales 305 330 +11.1% Free Cashflow €m H1 2024/25 2 H1 2025/26 Change EBITDA 620 626 +6 Change in net working capital -355 -362 -7 Tax 41 -50 -91 Other operating cash flow -112 -34 +78 Cash investment -133 -111 +22 Free cash flow 62 69 +7 Lease repayments -233 -234 -1 Lease-adjusted free cash flow -171 -165 +7 Slight Free Cashflow improvement in H1, clear improvement in Q2 1 Adjusted for currency and portfolio change effects, pre-IAS 29. 2 2024/25 values restated. Performance by segment Q2 2025/26 €m DACH Western/ Southern Europe Eastern Europe Others CECONOMY Sales (pre-IAS 29) 2,689 1,750 927 6 5,373 Growth 1 (%) -2.4 +4.2 +34.8 +42.4 +4.9 Like-for-like (%) -2.1 +3.7 +35.0 - +4.8 IAS 29 93 93 Sales post-IAS 29 1,020 5,466 Reported YoY change (%) -2.0 +4.2 +23.8 +4.1 Adjusted EBIT 2 13 -3 16 2 27 Adjusted EBIT YoY change +8 +4 +6 -8 +10 Adjusted EBIT margin 3 (%) 0.5 -0.2 1.7 - 0.5 Adj. EBIT margin YoY change (bp) +30 +20 +60 - +20 4 DACH: Subdued sales growth mainly in Germany and Austria. Cost measures to respond to weaker demand Western/Southern Europe: Most countries posted positive LFL, high single digit LFL in Spain. EBIT increase mainly driven by Spain and Italy Eastern Europe: Strong sales performance in Türkiye, EBIT grew in both Türkiye and Poland Further progress on key pledges, keeping us on track for our targets Business fields KPI FY 21/22 FY 22/23 FY 23/24 FY 24/25 Progress Q2 25/26 Target 25/26 Retail Core Loyalty members 34m 39m 43m 53m ↑ 50 m Retail Core Online share 5 25% 23% 24% 26% ↑ c. 30% Retail Core Modernisation rate 30% 50% 64% 75% ↑ > 90% Retail Core Stock reach progress 10.3 weeks 9.1 weeks (-11%) 9.3 weeks (-10%) 8.8 weeks (-15%) ↑ -10% Space-as-a-Service # Lighthouses 6 8 11 11 ↗ Up to 20 Services & Solutions Income in % of total sales 6 4.5% 4.5% 5.1% 5.6% ↑ c. 5.5% Marketplace GMV €65m €137m €277m €527m ↑ €750m Private Label Private Label share 2.3% 2.4% 2.7% 3.0% ↗ c. 5% Retail Media Income c. €5 m €18m €48m €91m ↑ c. €45m 1 Adjusted for currency and portfolio change effects, pre-IAS 29. 2 Excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects. 3 Margin calculation based on reported sales pre-IAS 29 and adjusted EBIT/EBITDA. 4 Segment Others includes holding functions, hence respective EBIT margin would not offer a reasonable comparison. Including consolidation. 5 Online share based on 1P and 3P online sales. 6 Up to 2023/24 defined as Operational Services & Solutions. Application of IAS 29, hyperinflation accounting Given the technical impact of IAS 29 (hyperinflation) on sales in Türkiye we comment on business dynamics pre-IAS 29. €m Reported sales 2024/25 1 IAS 29 effect Sales pre-IAS 29 1 Reported sales 2025/26 IAS 29 effect Sales pre-IAS 29 Q2 5,253 -43 5,296 5,466 +93 5,373 H1 12,830 -28 12,859 13,081 +79 13,003 Non-cash restatement related to voucher accounting Adjustment to overly conservative voucher and sales treatment Voucher-related accruals were not released in full upon redemption, resulting in an understatement of sales and earnings Prior year restated leading to an increase in sales and adj EBIT of €28 m for FY 2024/25 to respectively €23,101 m and €406 m No impact on cashflow 2024/25 2025/26 Q1 Q2 Q3 Q4 FY Q1 €m Reported Restated Reported Restated Reported Restated Reported Restated Reported Restated Reported Restated Sales 7,570 7,578 5,246 5,253 4,803 4,810 5,453 5,460 23,072 23,101 7,606 7,615 Adjusted EBIT 279 287 10 17 -31 -24 119 126 378 406 311 320 Non-recurring items 50 50 -4 -4 47 47 43 43 137 137 18 18 EBIT reported 229 236 14 21 -78 -71 76 83 241 269 293 302 Net financial result -57 -57 -47 -48 -56 -57 -53 -54 -213 -216 -53 -53 Earnings before taxes 172 179 -33 -27 -134 -128 23 30 28 54 240 249 Income taxes -24 -25 -4 -6 20 17 -54 -51 -62 -64 -59 -61 Profit or loss for the period 148 154 -38 -33 -114 -111 -30 -21 -34 -10 181 188 Non-controlling interests 0 0 0 0 0 0 0 0 1 1 0 0 Net profit group share 148 154 -38 -33 -114 -111 -30 -21 -35 -11 181 188 Reported EPS undiluted (€) 0.30 0.32 -0.08 -0.07 -0.24 -0.23 -0.06 -0.04 -0.07 -0.02 0.37 0.39 1 2024/25 values restated. Results call There will be a live presentation followed by a Q&A session. The call for press, investors and analysts will start at 10am CEST today: Webcast Link The quarterly statement will be posted on https://www.ceconomy.de/en/investor-relations at 7am CEST. A recording of the conference call will be posted shortly after its conclusion. Store network 30/09/2025 Openings H1 2025/26 Closures H1 2025/26 31/03/2026 Germany 403 Austria 56 0 0 Switzerland 45 0 Hungary 40 0 0 DACH 544 +1 -5 540 Belgium 28 0 Italy 145 0 Luxembourg 2 0 0 Netherlands 54 0 0 Spain 111 0 0 Western/Southern Europe 340 +7 0 347 Poland 81 0 Türkiye 102 0 Eastern Europe 183 +1 -1 183 CECONOMY 1.067 +9 -6 1,070 Financial calendar Strategy Day Thursday 9 July 2026 Q3/9M 2025/26 results Thursday 30 July 2026 Q4/FY 2025/26 trading statement Tuesday 27 October 2026 Q4/FY 2025/26 results Monday 14 December 2026 Contact CECONOMY AG, Kaistr. 3, 40221 Düsseldorf, Germany Telephone Email Website +49 (0) 211 5408 7222 [email protected] https://www.ceconomy.de/de/investor-relations Investor Relations Fabienne Caron Vice President Investor Relations, Corporate Communications and Public Policy Telephone Mobile Email +49 (0) 211 5408 7226 +49 (0) 151 4225 6418 [email protected] Dr Kerstin Achterfeldt Senior Investor Relations Manager Arian Ebrahimi Investor Relations Expert Telephone Mobile Email +49 (0) 211 5408 7234 +49 (0) 151 5822 4911 [email protected] Telephone Mobile Email +49 (0) 211 5408 7224 +49 (0) 151 4063 2240 [email protected] Disclaimer To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this document and there can be no assurance that these estimates, expectations and assumptions are or will prove to be accurate. Furthermore, the forward-looking statements are subject to risks and uncertainties including (without limitation) future market and economic conditions, the behaviour of other market participants, investments in innovative sales formats, expansion in online and omnichannel sales activities, integration of acquired businesses and achievement of anticipated cost savings and productivity gains, and the actions of public authorities and other third parties, many of which are beyond our control, that could cause actual results, performance or financial position to differ materially from any future results, performance or financial position expressed or implied in this document. Accordingly, no representation or warranty (express or implied) is given that such forward-looking statements, including the underlying estimates, expectations and assumptions, are correct or complete. Readers are cautioned not to place reliance on these forward-looking statements. This document is intended for information only, does not constitute a prospectus or similar document and should not be treated as investment advice. It is not intended as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, any securities in any jurisdiction. Neither this document nor anything contained therein shall form the basis of, or be relied upon in connection with, any commitment or contract whatsoever. Historical financial information contained in this document is mostly based on or derived from the consolidated (interim) financial statements for the respective period. Financial information with respect to the business of MediaMarktSaturn Retail Group is particularly based on or derived from the segment reporting contained in these financial statements. Such financial information is not necessarily indicative for the operational results, the financial position and/or the cash flow of the CECONOMY business on a standalone basis neither in the past nor in the future and may, in particular, deviate from any historical financial information based on corresponding combined financial statements with respect to the CECONOMY business. Given the aforementioned uncertainties, (prospective) investors are cautioned not to place undue reliance on any of this information. No representation or warranty is given, and no liability is assumed by CECONOMY AG, express or implied, as to the accuracy, correctness or completeness of the information contained in this document. This document contains certain supplemental financial or operative measures that are not calculated in accordance with IFRS and are therefore considered as non-IFRS measures. We believe that such non-IFRS measures used, when considered in conjunction with (but not in lieu of) other measures that are computed in accordance with IFRS, enhance the understanding of our business, results of operations, financial position or cash flows. There are, however, material limitations associated with the use of non-IFRS measures including (without limitation) the limitations inherent in the determination of relevant adjustments. The non-IFRS measures used by us may differ from, and not be comparable to, similarly titled measures used by other companies. Detail information on this topic can be found in CECONOMY's Annual Report 2024/25, chapter "Management system". All numbers shown are as reported, unless otherwise stated. All amounts are stated in million euros (€ million) unless otherwise indicated. Amounts below €0.5 million are rounded and reported as 0. Rounding differences may occur.

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