Compagnie Chargeurs Invest : 2025 Annual results and new strategic signature

About this update from Compagnie Chargeurs Invest

2025 Annual results and outlook PRESS RELEASE FY 2025 Results Paris, 19 March 2026 Driven by the ongoing sale of Novacel, Compagnie Chargeurs Invest targets €1 billion in net asset value by 2030 The sale of Novacel, expected to be finalized in the second quarter of 2026, accelerates the transformation of Compagnie Chargeurs Invest and significantly strengthens its strategic and financial profile The disposal of Novacel refocuses the portfolio on emotional intelligence businesses Expected payment of an exceptional dividend of €1.50 per share 1 by spring 2027, aimed at reducing the holding discount by returning to shareholders part of the capital gain expected from the sale of Novacel Disposal proceeds of €230 million before reinvestment, generating an expected capital gain of approximately €50 million 2 , demonstrating Compagnie Chargeurs Invest's ability to develop and enhance the value of global leaders A significantly strengthened post-disposal financial structure: net debt below €80 million 2 , liquidity of approximately €200 million 2 , a leverage ratio (net debt/EBITDA) below 2.0x 2 and a gearing ratio (net debt/equity) below 0.3x 2 , offering optimal flexibility to support future development Net asset value confirmed by the Novacel disposal price at €585 million (€24.2 per share) as of December 31, 2025 NAV as of December 31, 2025 stable compared with June 30, 2025, despite a volatile economic environment. The Novacel disposal price confirms the contribution of this business to the Group's NAV and illustrates the Group's ability to create and realize asset value. The Group intends to continue unlocking value from its assets. 2025 3 marks the completion of the Group's transformation cycle in preparation for future growth In 2025, against a volatile economic backdrop marked by trade tariff disputes, the Group completed its intensive investment cycle for strategic transformation, supported by the visibility provided by the Novacel disposal. The 2025 results reflect both this strategic choice and cyclical pressure on textile activities linked to tariff disputes. The benefits of these structuring investments are expected from 2026 onward Revenue: €713.4m, stable at constant exchange rates, driven by Personal Goods, Museum Studio and Novacel EBITDA: €52.3m, reflecting the strong momentum of Museum Studio and Novacel, the cyclical decrease in Chargeurs PCC sales for -€6m and operational investments to prepare for future growth for -€5m Operating cash flows: €43.7 million generated by the businesses Group attributable net profit , not representative as it reflects the decision to complete the Group's transformation cycle in the context of the visibility provided by the Novacel disposal Building on its refocusing, Chargeurs unveils its new strategic signature « Architect of Rarity » This signature illustrates Compagnie Chargeurs Invest's ambition to concentrate its resources on rare and irreplaceable assets positioned at the heart of the emotional intelligence economy After more than ten years of transformation, the Group holds a unique portfolio of prestigious assets rooted in a heritage of excellence, benefiting from strong barriers to entry and ensuring resilience and sustainable value creation With transformed assets and strengthened financial flexibility, Compagnie Chargeurs Invest is ideally positioned to unlock the full potential of its assets portfolio and accelerate value creation, targeting net asset value above €1 billion by 2030 Michaël Fribourg, Chairman and CEO of Compagnie Chargeurs Invest , declared: « For more than ten years, Compagnie Chargeurs Invest has been transforming its portfolio to focus resources on rare and unique assets, strategically positioned at the heart of the emotional intelligence economy. The disposal of Novacel further sharpens our focus and perfectly illustrates our execution capabilities, confirming our hybrid model as both operator and investor, capable of creating and enhancing value at every stage. Supported by the visibility provided by this disposal and despite a complex and volatile economic environment, we completed our intensive investment cycle in 2025 and finalized the strategic transformation of our assets to fully unlock their potential. The 2025 results reflect this strategic choice. Today, we hold a unique portfolio of assets and brands deeply rooted in their history, non-replicable, and positioned in the exclusive emotional intelligence and self-reappropriation market. Our businesses rely on human talents that cannot be replaced by artificial intelligence and embody cultural, creative, technological and craftsmanship rarities. To mark the completion of this cycle and illustrate our ambition, we are unveiling our new strategic signature, « Architect of Rarity », reflecting our commitment to maximize shareholder value by developing and operating rare and irreplaceable assets - cultural, technological and experiential - at the heart of the emotional intelligence economy. 2026 will be a pivotal year: it will materialize the Group's metamorphosis and mark the beginning of the monetization of our investments. With this transformed portfolio and renewed redeployment capacity, Compagnie Chargeurs Invest is perfectly positioned to fully exploit the potential of its assets and focus resources on the most value-creating opportunities. Our ambition is clear: to reach net asset value of more than €1 billion by 2030. ». Disposal of Novacel The disposal of Novacel, expected to be finalized in the second quarter of 2026, represents a major milestone in the evolution of Compagnie Chargeurs Invest. The combination of Novacel with KPS Capital Partners, a recognized player with strong industrial expertise and financial capabilities, will enable Novacel to accelerate its development and strengthen its role as a global consolidator in its markets. For Compagnie Chargeurs Invest, this transaction reinforces the strategic coherence of its portfolio, now more strongly oriented toward emotional intelligence-driven businesses, offering greater revenue recurrence and earnings visibility. The transaction, with cash proceeds of €230 million, is expected to generate a capital gain of approximately €50 million 2 and illustrates the Group's ability to create, develop and enhance the value of global leaders. Compagnie Chargeurs Invest will reinvest 25% in the new Novacel entity to continue participating in its future value creation. An exceptional dividend of €1.50 per share is planned by June 30, 2027, subject to approval by the Group's governance bodies. This transaction will significantly strengthen the Group's financial structure, with net debt expected to fall below €80 million 2 , cash close to €200 million 2 a leverage ratio (net debt / EBITDA) below 2.0x 2 and a gearing ratio (net debt / Equity) below 0.3x 2 , providing enhanced flexibility to support future development and active portfolio management. A new strategic signature « Architect of Rarity » Building on the strategic refocusing of its portfolio, Compagnie Chargeurs Invest unveils its new strategic signature: « Architect of Rarity ». This signature reflects the Group's vision of concentrating its resources on rare, non-replicable assets strategically positioned at the heart of the Emotional Intelligence economy, at the intersection of culture, creativity, exceptional craftsmanship and high value-added technologies. After more than ten years of strategic transformation, the Group now holds a unique portfolio of assets and brands with strong historical heritage, differentiated market positions and high barriers to entry. In an international environment marked by profound geopolitical, economic and technological shifts, this focus on assets characterized by cultural, creative or technological rarity represents a key driver of resilience and sustainable value creation. In 2025, Compagnie Chargeurs Invest completed its intensive investment cycle, consolidating its platforms and portfolio. Thanks to the visibility provided by the Novacel disposal, 2026 is set to be a pivotal year, marking the beginning of the monetization and value creation of the investments made. With transformed assets, a strengthened balance sheet and significant financial flexibility, Compagnie Chargeurs Invest is fully positioned to unlock the potential of its asset portfolio and accelerate value creation, with the ambition of reaching net asset value above €1 billion by 2030. Net asset value as of December 31, 2025 Net Asset Value (NAV) amounts to €585 million as of December 31, 2025, or €24.2 per share, compared with €583 million and €24.2 per share as of June 30, 2025. In a volatile economic environment, this stability demonstrates the ability of the Group's assets to preserve their value. The expected net proceeds from the disposal of Novacel confirm the contribution of this business to the Group's NAV and illustrate Compagnie Chargeurs Invest's ability to create and realize asset value. The change in NAV between June 30 and December 31, 2025 includes: A positive impact from value creation in the businesses of +€4.4 per share A negative impact from changes in market multiples of -€3.6 per share A negative foreign exchange rate impact of -€0.4 per share A negative impact on net financial position and changes in the number of shares outstanding of - €0.4 per share. Group Consolidated Income Statement for 2025 The Board of Directors, meeting on March 18, 2026, approved the consolidated financial statements as of December 31, 2025. Audit procedures are in the process of finalization. Following the entry into exclusive negotiations with KPS Capital Partners for the disposal of Novacel in November 2025 and the signing of an irrevocable purchase agreement on January 26, 2026, Compagnie Chargeurs Invest applies IFRS 5 to fiscal years 2025 and 2024. The effective completion of the disposal is expected in the second quarter of 2026. Consequently, the result of Novacel for 2025 is presented under « Net profit from discontinued operations » in the consolidated income statement. 2024 figures have been restated accordingly. To facilitate readability and comparability, the data presented below are shown before reclassification of Novacel as discontinued operations. The 2025 consolidated income statement including this reclassification is presented in the appendix. The 2025 financial statements do not include the proceeds from the disposal of Novacel, which will be recognized in 2026. The 2025 fiscal year includes the completion of the investment cycle in new business lines, which the Group chose to intensify given the visibility provided by the sale of Novacel. These investments have helped prepare for future growth in these sectors, refocus the portfolio, and equip the platforms to accelerate their development. The results for the 2025 fiscal year reflect this strategic decision, with the first benefits expected as early as 2026. Furthermore, the year 2025 was marked by a volatile environment, notably due to the tariff dispute, which put cyclical pressure on Chargeurs' Fashion activities. Revenue Revenue for 2025 amounted to €713.4 million, stable at constant exchange rates compared with 2024 (-2.2% on a reported basis), despite temporary customer caution at Chargeurs PCC related to tariff uncertainties. Organic revenue declined slightly by -1.4%. This solid performance was supported by strong momentum in Personal Goods, Museum Studio and Novacel, the latter posting organic growth of +5% in the second half of 2025 compared with the same period in 2024. By geographic area, momentum remained favorable in the Americas, with organic growth of +5.5%. Europe declined by -3.2%, while Asia was affected by customer caution related to U.S. tariff uncertainties, with an organic decline of -9.0%. Financial communication // +33 1 47 04 13 40 // [email protected] www.chargeurs.com

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