Parent company financial statements as of December, 31 2025

Parent company financial statements as of December 31, 2025

Parent company financial statements: Christian Dior

1. Balance sheet

   2
   
   

2. Income statement

   4
   
   

3. Cash flow statement

   6
   
   

4. Notes to the parent company financial statements

   7
   
   

5. Subsidiaries and equity investments

   13
   
   

6. Company results over the last five fiscal years

   14
   
   

7. Statutory Auditors' report on the parent company financial statements

   15
   
   

8. Statutory Auditors' special report on related-party agreements

   19
   
   

As table totals are based on unrounded figures, there may be discrepancies between these totals and the sum of their rounded component figures.

‌Balance sheet

1. Balance sheet

   Assets

   (EUR millions)	Notes	2025			2024
   Intangible assets Property, plant and equipment Non-current financial assets: 4-8		Gross	Depreciation, amortization and	Net	Net
   			impairment
   		0.0	0.0	0.0	0.0
   		0.3	0.3	-	-
   		4,848.2	66.8	4,781.3	4,562.7
   		4,818.3	66.8	4,751.4	4,535.2
   		29.9	-	29.9	27.4
   		0.0	-	0.0	0.0
   		0.0	-	0.0	0.0
   Total non-current assets		4,848.5	67.1	4,781.4	4,562.7
   Receivables:		1.6	-	1.6	20.3
   - Other receivables	5
   		1.5	-	1.5	20.2
   - Prepaid expenses	5	0.1	-	0.1	0.1
   		16.7	-	16.7	16.7
   Short-term investments	6
   Cash and cash equivalents		147.3	-	147.3	129.0
   Total current assets		165.6	-	165.6	165.9
   TOTAL ASSETS		5,014.1	67.1	4,947.0	4,728.7

   • Equity investments

   • Receivables from equity investments 5

   • Loans 5

   • Other non-current financial assets 5

   Balance sheet

   Liabilities and equity

   (EUR millions)	Notes	2025	2024
   		Before appropriation	Before appropriation
   Share capital		361.0	361.0
   Share premium account		194.2	194.2
   Revaluation reserves		0.0	0.0
   Reserves		36.3	36.3
   Retained earnings		2,760.9	2,434.3
   Net profit for the fiscal year		2,683.4	2,672.0
   Interim dividends		(1,092.1)	(992.8)
   Total equity	7	4,943.8	4,705.1
   Trade accounts payable		0.9	2.6
   Tax and social security liabilities		0.2	0.2
   Other liabilities		2.0	20.7
   Deferred income		0.0	0.0
   Total liabilities	9	3.2	23.6
   TOTAL LIABILITIES AND EQUITY		4,947.0	4,728.7

   (a) Dividends attributable to treasury shares were reclassified under "Retained earnings" as of December 31, 2024 and December 31, 2025.

   ‌Income statement

2. Income statement

   (EUR millions)	Notes	2025	2024 pro forma (a)
   Other income		0.0	0.0
   Total operating income		0.0	0.0
   Other purchases and external expenses		6.2	6.5
   Taxes, duties and similar payments		1.3	1.6
   Salaries		0.2	0.2
   Social security contributions		0.1	0.1
   Additions to depreciation, amortization and impairment		0.0	0.0
   Other expenses		0.1	0.1
   Total operating expenses		7.9	8.5
   1. OPERATING PROFIT/(LOSS)		(7.9)	(8.5)
   Income from equity investments		2,726.7	2,720.6
   Other interest and similar income		3.3	5.1
   Reversal of impairment and provisions	8	2.5	0.4
   Total financial income		2,732.4	2,726.1
   Additions to depreciation, amortization, impairment and provisions	8	0.0	10.7
   Interest and similar expenses		0.5	0.6
   Total financial expenses		0.5	11.4
   2. NET FINANCIAL INCOME/(EXPENSE)		2,731.9	2,714.8
   3. RECURRING PROFIT BEFORE TAX		2,724.0	2,706.3
   4. NET EXCEPTIONAL INCOME/(EXPENSE)		-	-
   Income taxes	10	40.7	34.3
   PROFIT/(LOSS)		2,683.4	2,672.0

   (a) Since the presentation of the income statement changed in 2025, the income statement for 2024 has been restated to make it easier to compare with the one for 2025; the reconciliation between the two presentation formats is set out on the next page.

   Income statement

   Income statement for 2024:

   Correlation table between previous and new presentation formats

   (EUR millions)		Previous format			New format
   	Net financial income/ (expense)	o/w: Income from managing subsidiaries and investments	Operating profit/(loss)	Income tax income/ (expense)
   	2,713.7	2,709.0	(7.5)	(34.3)	2,672.0
   Other income	-	-	0.0		0.0
   Total operating income	-	-	0.0	-	0.0
   Other purchases and external expenses	-	-	6.5		6.5
   Taxes, duties and similar payments	1.1	1.1	0.5		1.5
   Salaries	-	-	0.2		0.2
   Social security contributions	-	-	0.1		0.1
   Additions to depreciation, amortization and impairment	-	-	0.0		0.0
   Other expenses	-	-	0.1		0.1
   Total operating expenses	1.1	1.1	7.4	-	8.5
   1. OPERATING PROFIT/(LOSS)	(1.1)	(1.1)	(7.4)	-	(8.5)
   Income from equity investments	2,720.6	2,720.6	-		2,720.6
   Other interest and similar income	5.1	-	-		5.1
   Reversal of impairment and provisions	0.4	0.4	-		0.4
   Total financial income	2,726.1	2,721.0	-	-	2,726.1
   Additions to depreciation, amortization, impairment and provisions	10.7	10.7	-		10.7
   Interest and similar expenses	0.6	0.2	-		0.6
   Total financial expenses	11.4	10.9	-	-	11.4
   2. NET FINANCIAL INCOME/(EXPENSE)	2,714.8	2,710.0	-	-	2,714.8
   3. RECURRING PROFIT BEFORE TAX	2,713.7	2,709.0	(7.4)	-	2,706.3
   4. NET EXCEPTIONAL INCOME/(EXPENSE)	-	-	-	-	-
   Income taxes	-	-	-	34.3	34.3
   PROFIT/(LOSS)	2,713.7	2,709.0	(7.4)	(34.3)	2,672.0

   ‌Cash flow statement

3. Cash flow statement

   (EUR millions)				2025	2024
   I. OPERATING ACTIVITIES
   	Net profit			2,683	2,672
   	Net depreciation, amortization, impairment and provisions			(2)	10
   	Dividends in kind received			-	-
   	Net gain/(loss) on disposals			-	0
   II.	Cash from operations before changes in working capital			2,681	2,682
   	Change in current assets			19	(20)
   	Change in current liabilities			(20)	19
   	Change in working capital			(2)	(1)
   	Net cash from operating activities	I		2,679	2,681
   	INVESTING ACTIVITIES
   	Acquisitions of property, plant and equipment and intangible assets			-	-
   	Acquisitions of equity investments			(214)	(372)
   	Acquisitions of other long-term investments			-	-
   	Net change in other non-current financial assets			(2)	19
   	Net cash from/(used in) investing activities	II		(216)	(353)
   III. FINANCING ACTIVITIES
   	Capital increase			-	-
   	Proceeds from new loans and borrowings			-	-
   	Repayments of loans and borrowings			-	-
   	Change in current accounts			-	-
   	Net cash from/(used in) financing activities	III		-	-
   IV. DIVIDENDS PAID DURING THE FISCAL YEAR		IV		(2,445)	(2,345)
   NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS		I + II + III + IV		18	(17)
   Cash and cash equivalents at beginning of fiscal year				146	163
   Cash and cash equivalents at end of fiscal year				164	146

   The cash flow statement breaks down the changes in cash from one fiscal year to the next (after deducting any bank overdrafts) as well as cash equivalents comprised of short-term investments, net of any impairment.

4. ‌Notes to the parent company financial statements

   Note 1. Business activity and key events during the fiscal year 8

   Note 2. Accounting policies and methods 8

   Note 3. Subsequent events 9

   Note 4. Non-current financial assets 9

   Note 5. Maturity schedule of receivables 10

   Note 6. Short-term investments 10

   Note 7. Equity 11

   Note 8. Change in impairment and provisions 11

   Note 9. Maturity schedule of payables 12

   Note 10. Income taxes 12

   Note 11. Other information 12

   Note 12. Financial commitments 12

   Amounts are expressed in millions of euros unless otherwise indicated.

   ‌Note 1. Business activity and key events during the fiscal year

   Christian Dior SE is a listed holding company which, as of December 31, 2025, directly owned a 42.17% equity stake in LVMH Moët Hennessy Louis Vuitton SE, a listed company.

   Note 2. Accounting policies and methods

   1. General framework and changes in accounting policies

      Christian Dior's parent company financial statements are prepared in accordance with French law and regulations, including in particular the general chart of accounts (PCG) established by ANC Regulation 2014-03, as amended by subsequent regulations, including ANC Regulation 2022-06 applicable as of January 1, 2025, entailing changes to the presentation of the income statement.

      General accounting conventions have been applied observing the principle of prudence in accordance with the basic assumptions of going concern, consistency of accounting methods, and accrual basis, and in accordance with the general rules for the preparation and presentation of parent company financial statements.

      Items recognized in the accounts are measured at historical cost.

   2. Intangible assets

      Software is amortized using the straight-line method over one year.

   3. Property, plant and equipment

      Property, plant and equipment are depreciated on a straight-line basis over the following estimated useful lives:

      • furniture: 10 years.

   4. Non-current financial assets

      Equity investments and other long-term investments are recognized at acquisition cost (excluding incidental costs) or at contribution value. If their value in use as of the fiscal year-end is lower than the carrying amount, an impairment loss is recorded in the amount of the difference.

      For investments in listed companies, the value in use is generally estimated on the basis of market capitalization, the share of the company's adjusted net asset value and/or discounted forecast cash flows.

      The value in use of unlisted investments is generally estimated on the basis of the share of the adjusted net asset value of the companies concerned, market comparables and/or discounted forecast cash flows.

      Christian Dior shares purchased for retirement are recorded under "Non-current financial assets" and are not impaired.

      In accordance with Regulation 2015-06 of the Autorité des Normes Comptables (France's accounting standards authority) dated November 23, 2015, merger losses allocated to non-current financial assets are recognized under a specific line item within the asset category concerned: "Merger losses on financial assets". Technical losses, in the amount of the equity investment previously held by the absorbing entity, correspond to unrealized gains on assets, whether recognized or not in the accounts of the absorbed entity, after deducting, unless otherwise required under accounting rules, liabilities not recognized in the accounts of the absorbed entity.

      At the end of each fiscal year, the net carrying amount of each asset transferred, plus the associated technical loss, is assessed. Where applicable, if this value is lower than the real value of these assets, impairment is recorded.

      Technical losses are reduced proportionately upon the sale or disposal of the assets concerned.

   5. Receivables and payables

      Receivables and payables are recognized at their nominal amount. Impairment is recorded if their net realizable value, based on the probability of their collection, is lower than their carrying amount.

   6. Short-term investments

      Short-term investments are valued at their acquisition cost. Impairment is recorded if their acquisition cost is higher than their market value determined as follows:

      • listed securities: average listed share price over the last month of the fiscal year;

      • other securities: estimated realizable value or liquidation value.

   7. ‌Equity

      In accordance with the recommendations of the French National Institute of Statutory Auditors (Compagnie Nationale des Commissaires aux Comptes), interim dividends are recorded as a deduction from equity.

   8. Provisions for contingencies and losses

      The Company establishes a provision for definite and likely contingencies and losses at the end of each fiscal year, observing the principle of prudence.

      Note 3. Subsequent events

   9. Net financial income/(expense)

      Due to its type of activity, the Company records sales of securities according to the following principles:

      • gains or losses on sales of equity investments (titres de participation) are calculated using the weighted average cost method;

      • gains or losses on sales of short-term investments (valeurs mobilières de placement) are calculated using the "first in, first out" (FIFO) method.

   As of January 27, 2026, the date on which the financial statements were approved for publication, no subsequent events had occurred that would call into question the assumptions used in preparing the financial statements for the fiscal year ended December 31, 2025.

   Note 4. Non-current financial assets

   1. Non-current financial assets (gross value)

      (EUR millions)	Gross value at beginning of fiscal year	Increases	Decreases	Gross value at end of fiscal year
      Equity investments	4,604.5	213.7	-	4,818.3
      Receivables from equity investments	27.4	2.5	-	29.9
      Loans	0.0	-	-	0.0
      Other non-current financial assets	0.0	0.0	-	0.0
      Total	4,632.0	216.2	-	4,848.2

      The change in the "Equity investments" item was due to the acquisition of LVMH Moët Hennessy Louis Vuitton SE shares. A breakdown of the investment portfolio is presented in the "Subsidiaries and equity investments" table.

      Receivables from equity investments comprise advances granted to a subsidiary under a bilateral medium-term agreement.

   2. Impairment expense

   (EUR millions)	Impairment at beginning of fiscal year	Increases	Decreases	Impairment at end of fiscal year
   Equity investments	69.3	0.0	2.5	66.8
   Total	69.3	0.0	2.5	66.8

   The methods used to calculate the valuation and impairment of equity investments are described in Note 2.4. The change in impairment of the investment portfolio is broken down in Note 8.

   ‌Note 5. Maturity schedule of receivables

   (EUR millions)	Gross amount	Maturing in up to 1 year	Maturing in more than 1 year	Of which: Accrued income	Of which: Related companies
   Receivables on non-current assets
   Receivables from equity investments	29.9	0.1	29.8	-	29.9
   Loans	0.0	0.0	-	-	-
   Other	0.0	0.0	-	-	-
   Receivables on current assets
   Other receivables	1.5	1.5	-	-	1.5
   Prepaid expenses	0.1	0.1	-	-	-
   Total	31.5	1.7	29.8	-	31.4

   "Other receivables" recognized during the fiscal year, totaling 1.3 million euros, offset "Other liabilities" recognized for an equivalent amount through a related undertaking (see Note 9).

   Note 6. Short-term investments

   1. Treasury shares

      As of December 31, 2025, the value of the shares held was allocated as follows:

      (EUR millions)			As of December 31, 2025
      	Number of shares	Gross carrying amount	Impairment	Net carrying amount
      Shares intended to be granted to employees and allocated to specific plans	-	-	-	-
      Shares available to be granted to employees	96,936	16.7	-	16.7
      Short-term investments	96,936	16.7	-	16.7

      There were no portfolio movements during the fiscal year.

   2. Stock option and similar plans

      1. Share purchase option plans

         At the Company's Shareholders' Meeting of April 18, 2024, the shareholders renewed the authorization given to the Board of Directors, for a period of twenty-six months expiring on June 17, 2026, to grant share subscription or purchase options to Group company employees or senior executives, on one or more occasions, in an amount not to exceed 1% of the Company's share capital as of the date of that authorization.

         Each share purchase option plan has a term of ten years. Provided the conditions set by the plan are met, options may be exercised after a four-year period from the plan's commencement date.

         No Christian Dior share purchase or subscription option plans were in effect during the fiscal year.

      2. ‌Bonus share and performance share plans

   At the Shareholders' Meeting of April 18, 2024, the shareholders renewed the authorization given to the Board of Directors, for a period of twenty-six months expiring on June 17, 2026, to grant existing or newly issued shares as bonus shares to Group company employees and/or senior executives, on one or more occasions, in an amount not to exceed 1% of the Company's share capital on the date of that authorization.

   For plans put in place after November 30, 2015, bonus shares awarded to all recipients vest - provided certain conditions are met and irrespective of their residence for tax purposes - after

   Note 7. Equity

   1. Share capital

      a three-year vesting period, without any subsequent holding period.

      The plans combine awards of bonus shares and of performance shares in proportions determined in accordance with the recipient's level in the hierarchy and status.

      Vesting of such shares does not lead to any dilution for shareholders, since they are allocations of existing shares.

      No Christian Dior bonus share or performance share plans were in effect during the fiscal year.

      As of December 31, 2025, the share capital consisted of 180,507,516 fully paid-up shares, with a par value of 2 euros per share, including 176,438,535 shares with double voting rights.

   2. Change in equity

   (EUR millions)
   Equity as of December 31, 2024 (prior to appropriation of net profit)	4,705.1
   Net profit for the fiscal year ended December 31, 2025	2,683.4
   Dividends paid in respect of the fiscal year ended December 31, 2024	(1,353.8)
   Impact of treasury shares	1.3
   Interim dividend paid in respect of the fiscal year ended December 31, 2025	(1,092.1)
   Equity as of December 31, 2025 (prior to appropriation of net profit)	4,943.8

   The appropriation of net profit for fiscal year 2024 was approved at the Combined Shareholders' Meeting of April 17, 2025.

   Note 8. Change in impairment and provisions

   The change in impairment and provisions during the fiscal year broke down as follows:

   (EUR millions)	Amount as of January 1, 2025	Provisions during the fiscal year	Reversals during the fiscal year	Amount as of December 31, 2025
   Equity investments	69.3	0.0	2.5	66.8
   Asset impairment	69.3	0.0	2.5	66.8
   Total	69.3	0.0	2.5	66.8

   ‌Note 9. Maturity schedule of payables

   (EUR millions)	Gross amount			Maturity	Of which: Accrued expenses	Of which: Related companies
   		Less than 1 year	1 to 5 years	More than 5 years
   Trade accounts payable	0.9	0.9	-	-	0.9	0.6
   Tax and social security liabilities	0.2	0.2	-	-	0.0	-
   Other liabilities	2.0	2.0	-	-	-	1.3
   Deferred income	0.0	0.0	-	-	-	0.0
   Total	3.2	3.2	-	-	1.0	1.9

   Note 10. Income taxes

   1. Breakdown of corporate income tax

      Corporate income tax breaks down as follows, according to the presentation adopted for profit before tax:

      (EUR millions)	Pre-tax	Tax (expense)/ income	Post-tax
      Recurring profit	2,724.0	(40.7)	2,683.4
      Net exceptional income/(expense)	-	-	-
      	2,724.0	(40.7)	2,683.4

      The tax expense in respect of fiscal year 2025 included 6.8 million euros arising from France's exceptional corporate income surtax on large companies.

   2. Tax position

   Since January 1, 2018, Christian Dior SE has been a member of the tax consolidation group of which Agache SCA is the consolidating parent company.

   Note 11. Other information

   1. Related-party transactions

      No new related-party agreements, within the meaning of Article

      Christian Dior calculates and recognizes its tax expense as if it were individually subject to tax, and remits this amount to the consolidating parent company.

   2. Identity of the consolidating parent companies

   Company name	Registered office	SIREN
   Financière Agache	11 rue François 1er 75008 Paris (France)	775 625 767
   Agache	41 avenue Montaigne 75008 Paris (France)	314 685 454

   R. 123-199-1 of the French Commercial Code, were entered into during the fiscal year in material amounts or under conditions

   other than normal market conditions.

   Note 12. Financial commitments

   Commitments received

   Christian Dior SE has access to a confirmed credit line entered into with a bank, of which the undrawn amount available totaled 200 million euros as of December 31, 2025.

5. ‌Subsidiaries and equity investments

   Subsidiaries and equity investments

   (EUR millions)	Carrying amount of shares held		Dividends received in 2025	Loans and advances provided	Deposits and sureties granted
   	Gross	Net
   Information on subsidiaries and equity investments
   1. Subsidiaries (more than 50% held)
   - French subsidiaries	52.8	32.2	-	29.9	-
   - Foreign subsidiaries	56.0	9.7	-	-	-
   2. Equity investments (between 10% and 50% held)
   - LVMH Moët Hennessy Louis Vuitton SE	4,605.8	4,605.8	2,726.7	-	-
   Total	4,714.6	4,647.7	2,726.7	29.9	-

   ‌Company results over the last five fiscal years

6. Company results over the last five fiscal years

   (EUR millions, except earnings per share, expressed in euros)	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2025
   1. Share capital
   Share capital	361.0	361.0	361.0	361.0	361.0
   Number of ordinary shares outstanding	180,507,516	180,507,516	180,507,516	180,507,516	180,507,516
   Maximum number of future shares to be created:
   - through exercise of equity warrants	-	-	-	-	-
   - through exercise of share subscription options	-	-	-	-	-
   2. Operations and profit for the fiscal year
   Revenue before taxes	-	-	-	-	-
   Profit before taxes, depreciation, amortization, impairment and movements in provisions	1,440.3	2,495.9	2,607.1	2,715.2	2,721.6
   Income tax (income)/expense	18.0	30.9	33.0	34.3	40.7
   Profit after taxes, depreciation, amortization, impairment and movements in provisions	1,432.8	2,451.1	2,576.6	2,672.0	2,683.4
   Profit distributed as dividends (a)	1,805.1	2,166.1	2,256.3	2,346.6	2,581.3
   3. Earnings per share (EUR)
   Earnings per share after taxes but before depreciation, amortization, impairment and movements in provisions	7.88	13.66	14.26	14.85	14.85
   Earnings per share after taxes, depreciation, amortization, impairment and movements in provisions	7.94	13.58	14.27	14.80	14.87
   Gross dividend distributed per share (b)	10.00	12.00	13.00	13.00	14.30
   4. Employees
   Average number of employees	-	-	-	-	-
   Total payroll (c)	7.2	0.2	0.2	0.2	0.2
   Amounts paid in respect of employee benefits	3.7	0.1	0.1	0.1	0.1

   1. Amount of the distribution resulting from the resolution of the Shareholders' Meeting, before the impact of Christian Dior treasury shares held as of the distribution date. For the fiscal year ended December 31, 2025, amount proposed by the Board of Directors at its meeting of January 27, 2026 for approval at the Shareholders' Meeting of April 23, 2026.

   2. Excluding the impact of tax regulations applicable to recipients.

   3. Including provisions, on plans deemed exercisable relating to share purchase options and awards of bonus shares and performance shares, recognized under "Personnel costs".

7. ‌Statutory Auditors' report on the parent company financial statements

   To the Shareholders' Meeting of Christian Dior SE

   1. Opinion

      In compliance with the engagement entrusted to us by the Shareholders' Meeting, we have audited the accompanying parent company financial statements of Christian Dior SE for the fiscal year ended December 31, 2025.

      In our opinion, the parent company financial statements give a true and fair view of the Company's assets, liabilities and financial position as of December 31, 2025 and of the results of its operations for the fiscal year then ended in accordance with French accounting principles.

      The audit opinion expressed above is consistent with our report to the Performance Audit Committee.

   2. Basis for our opinion

      Audit framework

      We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

      Our responsibilities under those standards are further described in the section of our report entitled "Statutory Auditors' responsibilities for the audit of the parent company financial statements".

      Independence

      We conducted our audit engagement in compliance with the independence rules provided by the French Commercial Code (Code de commerce) and the French Code of Ethics (Code de déontologie) for Statutory Auditors, for the period from January 1, 2025 to the date of our report. We did not provide any prohibited non-audit services referred to in Article 5 (1) of Regulation (EU) No. 537/2014.

      Observation

      Without calling into question the opinion expressed above, we draw attention to the impact of the initial application of ANC Regulation 2022-06 set out in Note 2.1 to the parent company financial statements.

   3. Justification of assessments - Key audit matters

      In accordance with the requirements of Articles L. 821-53 and R. 821-180 of the French Commercial Code (Code de commerce) relating to the justification of our assessments, we are required to inform you of the key audit matters relating to risks of material misstatement which, in our professional judgment, were of most significance in our audit of the parent company financial statements for the fiscal year, as well as how we addressed those risks.

      We determined that there were no key audit matters to disclose in our report.

   4. Specific verifications

      We also performed, in accordance with professional standards applicable in France, the specific verifications required by laws and regulations.

      Information provided in the Management Report and in the other documents given to shareholders related to the financial position and the parent company financial statements

      We have no matters to report as to the fair presentation and the consistency with the parent company financial statements of the information provided in the Management Report of the Board of Directors and in the other documents given to shareholders related to the financial position and the parent company financial statements.

      We attest to the fair presentation and the consistency with the parent company financial statements of the information on payment terms set out in Article D. 441-6 of the French Commercial Code.

      Information on corporate governance

      We attest that the Board of Directors' report on corporate governance sets out the information required by Articles L. 225-37-4,

      L. 22-10-10 and L. 22-10-9 of the French Commercial Code.

      Concerning the information provided in accordance with the requirements of Article L. 22-10-9 of the French Commercial Code relating to compensation and benefits paid or awarded to company officers and any other commitments made in their favor, we have verified its consistency with the financial statements or the underlying information used to prepare these financial statements and, where applicable, with the information obtained by your Company from controlled companies included in the scope of consolidation. Based on this work, we attest to the accuracy and fair presentation of this information.

      With respect to the information relating to items that your Company considered likely to have an impact in the event of a public purchase or exchange offer, provided pursuant to Article L. 22-10-11 of the French Commercial Code, we verified their compliance with the source documents communicated to us. Based on our work, we have no observations to make on this information.

      Other information

      In accordance with French law, we have verified that the required information concerning the acquisition of equity stakes and controlling interests, as well as the identity of the shareholders and holders of the voting rights, has been properly disclosed in the Management Report.

   5. Other verifications or information required by laws and regulations

      Presentation format for the parent company financial statements to be included in the Annual Financial Report

      In accordance with the professional standards governing the procedures to be carried out by the Statutory Auditor on parent company and consolidated financial statements presented in the European Single Electronic Format, we also checked compliance with this format as defined by Commission Delegated Regulation (EU) 2019/815 of December 17, 2018 in the presentation of the parent company financial statements to be included in the Annual Financial Report mentioned in Article L. 451-1-2 I of the French Monetary and Financial Code (Code monétaire et financier), prepared under the responsibility of the Chief Financial Officer, a member of the Executive Committee, under delegation from the Chairman and Chief Executive Officer.

      On the basis of our work, we concluded that the presentation of the parent company financial statements to be included in the Annual Financial Report complies, in all material respects, with the European Single Electronic Format. It is not our responsibility to check that the parent company financial statements actually included by your Company in the Annual Financial Report filed with the AMF correspond to those on which we performed our work.

      Appointment of the Statutory Auditors

      We were appointed as Statutory Auditors of Christian Dior SE by the shareholders at the Shareholders' Meetings held on April 21, 2022 (for Deloitte & Associés) and April 17, 2025 (for BDO).

      As of December 31, 2025, Deloitte & Associés was in the fourth consecutive year of its engagement and BDO was in its first year.

   6. Responsibilities of management and those charged with governance for the parent company financial statements

      Management is responsible for the preparation and fair presentation of the parent company financial statements in accordance with French accounting principles and for such internal control as management determines is necessary to enable the preparation of parent company financial statements that are free from material misstatement, whether due to fraud or error.

      In preparing the parent company financial statements, management is responsible for assessing the Company's ability to continue as a going concern, for disclosing any matters related to going concern, and for using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations.

      The Performance Audit Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risk management systems and where applicable, internal audit, regarding accounting and financial reporting procedures.

      The parent company financial statements have been approved by the Board of Directors.

   7. Statutory Auditors' responsibilities for the audit of the parent company financial statements

   Objectives and audit approach

   Our role is to issue a report on the parent company financial statements. Our objective is to obtain reasonable assurance as to whether the parent company financial statements taken as a whole are free from material misstatement. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

   As specified in Article L. 821-55 of the French Commercial Code (Code de commerce), our statutory audit does not include assurance on the viability or the quality of management of your Company.

   As part of an audit conducted in accordance with professional standards applicable in France, the Statutory Auditor exercises professional judgment throughout the audit. The Statutory Auditor also:

   • identifies and assesses the risks of material misstatement of the parent company financial statements, whether due to fraud or error; designs and performs audit procedures responsive to those risks; and obtains audit evidence considered to be sufficient and appropriate to provide a basis for its opinion. The risk of not detecting a material misstatement resulting from fraud is higher

     than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or overriding internal control;

   • obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control;

   • assesses the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management in the parent company financial statements;

   • assesses the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. This assessment is based on the audit evidence obtained up to the date of its audit report. However,

     future events or conditions may cause the Company to cease to continue as a going concern. If the Statutory Auditor concludes that a material uncertainty exists, there is a requirement to draw attention in the audit report to the related disclosures in the parent company financial statements or, if such disclosures are not provided or inadequate, to issue a qualified or adverse audit opinion;

   • assesses the overall presentation of the parent company financial statements and whether these statements represent the underlying transactions and events in a manner that achieves fair presentation.

   Report to the Performance Audit Committee

   We submit a report to the Performance Audit Committee which includes in particular a description of the scope of the audit and the audit program implemented, as well as the results of our audit. We also report any significant deficiencies in internal control regarding the accounting and financial reporting procedures that we have identified.

   Our report to the Performance Audit Committee includes the risks of material misstatement that, in our professional judgment, were of most significance in the audit of the parent company financial statements for the fiscal year and which are therefore the key audit matters that we are required to describe in this report.

   We also provide the Performance Audit Committee with the declaration provided for in Article 6 of Regulation (EU) No. 537/2014, confirming our independence within the meaning of the rules applicable in France such as they are set out in particular by Articles

   L. 821-27 to L. 821-34 of the French Commercial Code (Code de commerce) and in the French Code of Ethics (Code de déontologie) for Statutory Auditors. We discuss any risks that may reasonably be thought to bear on our independence, and the related safeguards, with the Performance Audit Committee.

   Paris and Paris-La Défense, February 13, 2026 The Statutory Auditors

   French original signed by

   Deloitte & Associés	BDO Paris
   Guillaume TROUSSICOT	Sébastien HAAS

   This is a free translation into English of the Statutory Auditors' report on the parent company financial statements of the Company, issued in French. It is provided solely for the convenience of English-speaking users. This Statutory Auditors' report includes information required under European regulations and French law, such as information about the appointment of the Statutory Auditors and the verification of information concerning the Group presented in the Management Report. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.

‌Statutory Auditors' special report on related-party agreements

1. Statutory Auditors' special report on related-party agreements

To the Shareholders' Meeting of Christian Dior SE,

In our capacity as Statutory Auditors of your Company, we hereby present to you our report on related-party agreements.

We are required to inform you, on the basis of the information provided to us, of the terms and conditions of those agreements indicated to us, or that we may have identified in the performance of our engagement, as well as the reasons justifying why they benefit the Company. We are not required to give our opinion as to whether they are beneficial or appropriate or to ascertain the existence of other agreements. It is your responsibility, in accordance with Article R. 225-31 of the French Commercial Code (Code de commerce), to assess the relevance of these agreements prior to their approval.

In accordance with Article R. 225-31 of the French Commercial Code, we are also required to inform you of the continuation of the implementation, during the fiscal year under review, of any agreements previously approved at a Shareholders' Meeting.

We performed those procedures which we deemed necessary in compliance with professional guidance issued by the French National Institute of Statutory Auditors (Compagnie Nationale des Commissaires aux Comptes) relating to this type of engagement.

These procedures consisted in verifying the consistency of the information provided to us with the relevant source documents.

1. Agreements submitted for approval at the Shareholders' Meeting

   We hereby inform you that we were not informed of any agreements authorized and entered into during the fiscal year under review to be submitted for approval at the Shareholders' Meeting, pursuant to the provisions of Article L. 225-38 of the French Commercial Code.

2. Agreements already approved at a Shareholders' Meeting

In accordance with Article R. 225-30 of the French Commercial Code, we have been notified that the implementation of the following agreements, which were approved at a Shareholders' Meeting in a prior fiscal year, remained in effect during the fiscal year under review.

Persons concerned

• Bernard Arnault, Chairman of the Board of Directors of your Company, and Chairman and Chief Executive Officer of LVMH Moët Hennessy Louis Vuitton SE;

• Antoine Arnault, Chief Executive Officer and Vice-Chairman of the Board of Directors of your Company, and a Director of LVMH Moët Hennessy Louis Vuitton SE;

• Delphine Arnault, a Director of your Company and of LVMH Moët Hennessy Louis Vuitton SE;

• Nicolas Bazire, a Director of your Company.

Nature, purpose and conditions

The service agreement of June 7, 2002, amended on May 16, 2014 and relating to legal services, particularly for corporate law issues and managing the securities department, between the Company and LVMH SE, remained in effect until the date of its termination, approved in accordance with the contractual provisions set out in the aforementioned agreement, with effect from June 1, 2025.

Since Christian Dior SE has no direct employees, this agreement provided for the sharing of skills as well as certain expenses.

Pursuant to this agreement, your Company paid 29,786 euros in fees (inclusive of all charges) corresponding to the period from January 1, 2025 to May 31, 2025, out of a total annual fee amount of 60,000 euros (exclusive of VAT) for the fiscal year ended December 31, 2025.

Statutory Auditors' special report on related-party agreements

Persons concerned

• Bernard Arnault, Chairman of the Board of Directors of your Company and Managing Director and General Partner (associé commandité)

of Agache SCA.

Nature, purpose and conditions

The assistance agreement of November 27, 1995, amended on June 30, 2020, related to financial, legal, tax and administrative services provided by Agache SCA to Christian Dior SE remained in effect in 2025.

The compensation for these services amounted to 2,676,809 euros (exclusive of VAT) in 2025, in accordance with the agreement. Under this agreement, Christian Dior SE incurred an expense of 3,212,170 euros (inclusive of all charges) for fiscal year 2025.

Christian Dior SE has no employees directly under its employment. The assistance agreement entered into with Agache SCA provides for the sharing of skills as well as certain costs, thus reducing expenses in the interests of both parties.

Paris and Paris-La Défense, February 13, 2026 The Statutory Auditors

French original signed by

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