Updated Corporate Presentation (Includes 12M '25 Financial Results)

Corporate Presentation

April 2026

1. Who we are

2. Group Financial Performance

3. Governance & Shareholder Alignment

4. Business Activities

5. ESG Strategy

6. Outlook

Contents

3

Who we are

1

Strategic Participations

supporting value creation

A Leading Retail Group in Southeast Europe

Transforming into a scalable platform to accelerate growth and enhance efficiency

75 yrs retail experience

25 yrs trusted partnerships with Global category leaders (IKEA | INTERSPORT | Foot Locker)

Diversified Portfolio

across key consumer sectors

Established Regional Footprint

across 4 countries

40% of sales from

International markets

Building Fourlis Group Retail Platform

A platform enabling Fourlis Group

to scale retail concepts faster & more efficiently across Southeast Europe

RETAIL CONCEPTS

IKEA INTERSPORT

Foot Locker

FOURLIS GROUP RETAIL PLATFORM

• Concept Agnostic Supply Chain infrastructure

• Future-proof Omnichannel Architecture

• Solid Shared Service capabilities

• Extensive Retail Expertise

SOUTHHEAST EUROPE MARKETS

Greece Romania Bulgaria Cyprus

Expansion Markets (Croatia, Slovenia, Montenegro, Bosnia&Herzegovina)

How the platform drives value creation

Platform Capabilities

• A shared platform of services and systems supporting multiple retail concepts

• Centralized capabilities enabling operational efficiency

• Regional supply chain infrastructure

• Regional infrastructure supporting cross-market expansion

• Omnichannel & digital capabilities across brands

The platform model creates operating leverage and supports profitable expansion

7

Value Creation

• Faster network expansion and improved supply chain efficiency.

• Operating efficiencies, higher productivity and cost discipline.

• Stronger customer engagement & satisfaction and higher conversion.

• Data driven decision making, personalizing shopping

  experience.

• Scalable growth, supporting multiple brands. Faster store rollout and optimized site selection.

• Diversification.

  
  
  
  
  

  Supply chain infrastructure enabling

  Capabilities

  • Warehousing and distribution services

  • Omnichannel fulfillment capabilties

  • Inventory and logistics management

  the Group's retail platform

  A centralized supply chain network supporting multiple brands across Southeast Europe

  Infrastructure

  • Multiple distribution centers across Greece

  • Serving IKEA, INTERSPORT, Foot Locker and Holland & Barrett

Aspropyrgos DC

Land: 111,000m2

Building: 51,100m2

Oinofyta

Land: 69,300m2 Building: 25,000m2

Schimatari

Land: 103,000m2

Building: 41,220m2

8

Group Financial Performance FY '25

2 FY '25 Highlights

Sales +12%

at €594 mil.

EBIT +15%

at €30.7 mil.

5.2% margin

PBT at €29.6 mil.

5.0% margin

2.6x

Net Debt/EBITDA-adj.

€21 mil.

Contribution from Associates

9.2 mil. Total Shareholder Returns

Double-digit revenue growth and strengthened profitability in FY '25, supported by market share gains, network expansion, and disciplined cost management.

Key Strategic developments

• Trade Estates deconsolidation

  The Group strengthened its balance sheet and maintains strategic exposure to Trade Estates future growth and value creation.

• Foot Locker acquisition & expansion

  Expanding the Group's presence in the athleisure sports segment.

• INTERIKEA Distribution Center in progress

• Accelerating Holland & Barrett growth through strategic investment in the pharmacy sector Scaling faster through the pharmacy channel and maintaining strategic exposure in the Health & Wellness market.

• Network expansion across the Group' s brands Supporting growth through increased geographic coverage and enhanced omnichannel capabilities.

• Operational transformation

Building a unified retail platform through operational and digital

11 transformation.

Operational performance

EBIT*

+27% CAGR

+41%

+27%

+15%

35 10.0%

30.7

9.0%

30

26.7

8.0%

25

21.1

7.0%

20

6.0%

15

14.9

5.0%

5.2%

5.0%

4.0%

4.0%

10

3.1%

3.0%

2.0%

5

1.0%

0

0.0%

2022

2023

Group EBIT

2024

EBIT margin

2025

Sales*

+8% CAGR

+10%

+2%

+12%

2022

2023

2024

2025

12

Operational performance by quarter

EBIT*

-16.8%

-25.5%

+22.6%

+44.5%

16.0

14.0

12.0

10.0

8.0

6.0

4.0

14.9

15.0%

13.0%

11.4

8.5

9.8

8.8%

8.0

5.5% 5.9%

10.3

9.2%

7.4%

11.0%

9.0%

7.0%

5.8%

5.0%

3.0%

2.0

0.0

-2.0

-4.0

-2.6%

1.0%

-2.1%

-1.0%

Q1

-3.0-2.5

2024

Q2

Q3

Q4

-3.0%

-5.0%

2025

margin 2024

margin 2025

Sales*

+1.7%

+13.0%

+15.1%

+16.6%

116.2118.2

145.8

129.0

166.7

144.8

162.9

139.7

Q1

Q2

Q3

2025

Q4

2024

13

Operational performance per business unit

+7%

Sales

+22%

346

369

181

221

Home Furnishings

2024

Sporting Goods

2025

EBIT*

+3%

27.0 27.8

+65%

+3%

+42%

3.8

6.3

Home Furnishings

Sporting Goods

2024

-2.4 -2.3

Health & Wellness

2025

-1.7 -1.0

FH & other

37%

62%

1%

7.8%

EBIT* margin

7.5%

2.1%

2.8%

Home Furnishings Sporting Goods

2024 2025



Home Furnishings Sporting Goods Health & Wellness

1 4

Supporting investments to fuel Profitable Growth

Capex investments

€18.7 m.

€17.6 m.

€25.1 m.

€26.3 m.

2.2

4.0%

8.8

8.5

4.4%

3.4%

11

12

2022 2023

Home Furnishings Sporting Goods

2024

IDC other

2025

capex/sales

Capex includes maintenance, expansion and technological investments

4.7

5.2

4.7%

17

Discipline and prioritization in capex investments

capex split FY '25

14%

19%

22%

44%

maintenance digital transformation expansion IDC

..while also maintaining a healthy balance sheet & returning value to shareholders

Net debt

110

102.5

7.0

90

84.8

85.6

93.2

6.0

70

5.1

5.0

4.0

50

30

3.1

3.0

2.7

2.6

2.0

10

1.0

-10

2022

2023

2024

2025

0.0

Net Debt Net Debt / EBITDA-adjusted

2017

2018

2019

2020

Dividends

2021

FY '22

FY '23

FY '24

FY '25

Share buyback

Shareholders Remuneration

1.1

7.8

7.7

Contribution from Associates

Strong returns depicted in our P&L (PBT) from our participations in Associated companies

8.6

5.7

1.4 0.8

Q1 '25

1.6

2.7

3.5

H1 '25

Income from TE

9M '25

Income from SSRM

FY 25

Strong income from Trade Estates

Income from Associates (€ mil.)

17.5

22.0

700

600

500

400

300

200

100

0

601.5

486.0

541.5

60

50

40

298.4

311.9

340

30

20

Trade Estates

15.2

10

8.9

2023

0

GAV

2024

NAV

2025

FFO

Dividends for FY '25 for Fourlis Group €7.4 mil.

Governance & shareholder alignment 3

Strong Governance & Shareholder Alignment

Robust Corporate Governance Framework

• 56% independent Board members

• Fully independent Audit and Nomination & Remuneration Committees

• Separate Chairman and CEO

• Dedicated Sustainability Committee & Digital Transformation Committee

Alignment with Shareholder Value Creation

• Executive compensation linked to long-term performance

• Long-Term Incentive Plan (LTI)

  aligned with shareholder interests

• Performance conditions include

relative TSR and financial metrics

Institutional Shareholder Base

Fourlis Family; 30%

Quest

Management; 1%

Hold IM

Institutional Investors; 51%

other institutional investors

Retail & Other Private investors; 18%

• HOLD Alapkezelő Zrt. holds 10.03% as per notification received on Jan 27th 2026.

• QUEST HOLDINGS S.A. holds 10.5% as per notification received on Mar 24th 2026

• Strong participation of institutional investors

• Balanced ownership structure supporting liquidity & governance

• Alignment between long-term shareholders and management

Business Activities 4