Interparfums : Document d’enregistrement universel 2025 (Interparfums AR2025)

About this update from Interparfums

annual report 2025 CONTENTS MESSAGE FROM THE CHIEF EXECUTIVES - 3 2025 KEY FIGURES - 4 2025 HIGHLIGHTS - 6 2025 ACTIVITY, MARKET AND 2026 OUTLOOK - 8 STRATEGY, EXPERTISE AND SOFT SKILLS - 10 CORPORATE SOCIAL RESPONSIBILITY - 14 CORPORATE GOVERNANCE - 18 BRAND PORTFOLIO - 22 SHAREHOLDER INFORMATION - 54 CONSOLIDATED FINANCIAL STATEMENTS - 56 GROUP STRUCTURE AND HISTORY - 58 ANNUAL REPORT 2025 INTERPARFUMS 2025 UNIVERSAL REGISTRATION DOCUMENT - 61 2 ANNUAL REPORT 2025 INTERPARFUMS MESSAGE FROM THE CHIEF EXECUTIVES Dear friends, Though a difficult year, 2025 ended on a high note in terms of performance. First of all, the year was severely impacted by a very unfavorable euro/dollar exchange rate. The sudden, rapid depreciation of the US currency, which affects over 50% of our billing, had an approximately €20 million impact on our sales, and on our profitability. And when we speak of the US market, how can we fail to mention the complex issue of tariffs imposed by the Trump administration? The 15% taxes announced in early summer of 2025 weighed on our operating margin and forced us to implement a flexible pricing strategy in our largest market. Generally speaking, our business was hard-hit this year by more sluggish consumption in many local markets as a result, of course, of geopolitical situations around the world. Despite all these unfavorable factors, we ended the year with sales of €899 million, very close to the initial target, which is why we mention our very good performance. But you have known us a long time now and you know that, aside from figures, we are laser focused on our operations and on building our Group's future. Along these lines, 2025 was probably one of the best years in our Company's history, as it enabled us to finalize several major external growth operations, such as the acquisitions of the Off-White™ and Annick Goutal brands, and a very promising licensing agreement with Maison Longchamp. In early summer, we also launched the Solférino Paris Collection, which recorded extremely satisfactory sales in the first few months. While these new brands and new lines will not contribute to our 2026 sales, which will again be impacted by a turbulent geopolitical, economic and monetary environment, they will enable us to boost our sales activity from 2027 onwards. For all these reasons, it is clear that a more complicated international situation than usual cannot diminish our confidence or raise doubts about our Group's growth. And that is why we thank you for your unwavering trust and hope to count you among our loyal shareholders for a long time to come. Warm regards, ANNUAL REPORT 2025 INTERPARFUMS Philippe Benacin Jean Madar 2025 (in € thousands) 2021 2022 2023 2024 2025 Sales 560,827 706,624 798,481 880,493 899,383 % international sales 93.6% 94.4% 94.6% 93.7% 93.6% Operating income 98,891 131,821 165,560 178,049 175,234 % of sales 17.6% 18.7% 20.7% 20.2% 19.5% Net income attributable to owners of the parent 71,095 99,523 118,742 129,868 126,569 % of sales 12.7% 14.1% 14.9% 14.7% 14.1% Equity attributable to owners of the parent 541,409 592,459 641,002 697,022 729,984 Cash net of borrowings 147,663 88,734 54,726 57,208 63,270 Balance sheet total 822,219 987,977 968,193 1,032,919 1,049,382 Headcount 298 317 334 353 378 KEY FIGURES SALES (in € millions) HISTORICAL DIVIDEND PER SHARE (1) (in €) 706.6 798.5 880.5 899.4 0.79 0,95 1.05 1.05 2022 2023 2024 2025 2022 2023 2024 2025 (2) OPERATING PROFIT (in € millions) 178.0 175.2 NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT (in € millions) 131.8 165.6 99.5 118.7 129.9 126.6 ANNUAL REPORT 2025 INTERPARFUMS 2022 2023 2024 2025 2022 2023 2024 2025 CONDENSED BALANCE SHEET (in € millions) CASH NET OF BORROWINGS (in € millions) 453.2 NON-CURRENT ASSETS 391.7 CURRENTS ASSETS 204.5 CASH AND CASH EQUIVALENTS 731.7 EQUITY 104.0 NON-CURRENT BORROWINGS AND LEASE LIABILITIES 213.7 OTHER LIABILITIES 88.7 54.7 57.2 63.3 Assets Liabilities 2022 2023 2024 2025 2025 BREAKDOWN BY GEOGRAPHIC ZONE europe 24.5% incl. france 6.4% europe 8.8% asia 12.8% africa 0.8% middle east 5.8% ANNUAL REPORT 2025 INTERPARFUMS north america 38.5% western eastern south america 8.7% 2025 HIGHLIGHTS JANUARY Launch of Jimmy Choo Man Extreme Synonymous with adventure and freedom, this new Eau de Parfum was designed for daring men who create their destiny through new and thrilling experiences. Launch of Coach for Men Eau de Parfum Coach unveils the bold new fragrance for men, inspired by all the unique facets that define their personalities. Launch of Rochas Audace The Rochas Audace woman: Uses her inner fire to fuel her ambitions. Dares to defy convention and live life on her terms. Fully embraces her identity and never gives up her place. Transforms her determination into strength, and her femininity into an expression of freedom. FEBRUARY Launch of Moonlight Cherry, part of the Collection Extraordinaire by Van Cleef & Arpels The cherry lies at the heart of a new creation full of contrasts. Van Cleef & Arpels unveils Moonlight Cherry , an Eau de Parfum as mysterious as it is captivating. MARCH Launch of Star Oud, part of the Montblanc collection Star Oud embodies the Montblanc heritage. This fragrance captures the very essence of Montblanc, its elegance and dedication to luxury, perfectly rounding out the collection launched in 2024. Conducting the "Employee engagement" survey The second Group-wide survey finished with a participation rate of 82.5% and a recommendation rate of 91.4%. The results showed progress on the previous year across all topics. Further improvement in the MSCI rating Once again, MSCI's recognition of Interparfums' performance improved. The company achieved an A rating, illustrating its steady progress in the area of ESG. Extension of the Coach license Coach and Interparfums decided to renew their partnership for an additional five years, extending the license until June 30, 2031. Acquisition of the Annick Goutal brand On March 18, Interparfums announced the acquisition of the Annick Goutal brand. The company will begin to develop the brand in 2026. This acquisition is in line with our strategy of broadening the product offering to include Haute Parfumerie. APRIL Launch of Lacoste L.12.12 Silver Grey A classic scent, the fern accord is to men's fragrance what the Lacoste polo shirt is to the sporty, urban wardrobe. Launch of Lacoste L.12.12 Silver Rose All the power of attraction of a fruity-woody floral - a must in women's fragrance - revisited in this new Lacoste-branded fragrance. MAY Launch of Montblanc Explorer Extreme A tribute to the spectacular landscapes of the most isolated regions, Montblanc Explorer Extreme captures the exhilarating thrill of exploring new horizons with unprecedented intensity. Dividend ANNUAL REPORT 2025 INTERPARFUMS Interparfums paid a dividend of €1.15 per share (+10%), which represents 67% of 2024 consolidated net income. JUNE Launch of Coach Gold A new fragrance with a bold gold design joins the Coach Woman signature line, an invitation to let each woman's unique personality shine through. Launch of Lacoste Original Parfum The Lacoste Original franchise ushers in a new chapter with Lacoste Original Parfum, a more intense, more sensual olfactory composition, supported by an even more assertive design. New bonus share issue Interparfums completed its 26 th bonus share issue on the basis of one new share for every 10 shares held. JULY Signing of a licensing agreement with Maison Longchamp Longchamp and Interparfums signed a fragrance licensing agreement that runs until December 31, 2036. A first launch is scheduled for 2027. Longchamp store, Rome (Italy) Improvement in the Sustainalytics ESG rating Sustainalytics assigned the Group a rating of 18.6, an improvement of 6.3 points, with risk down from Medium to Low. Interparfums now ranks 7 th out of 101 companies in the household products sector. Launch of I Want Choo With Love The I Want Choo fragrance line welcomes a new, bright and ultra-feminine fragrance: I Want Choo With Love , whose irresistible sillage spreads joy on every note. Improvement in the Ecovadis rating ANNUAL REPORT 2025 INTERPARFUMS For its second assessment, Interparfums was awarded the Ecovadis Gold Medal, putting it in the top 5% of companies rated out of 150,000 companies assessed by this leading organization worldwide. AUGUST Launch of Lacoste Original Femme The new Lacoste Original Eau de Parfum for women expresses a chic, carefree and spontaneous femininity. An expert blend of elegance and energy, echoing the brand's finest heritage. Climate Roadmap Interparfums' greenhouse gas emission reduction targets were validated by the Science Based Targets initiative (SBTi). Creation of the Interparfums Korea subsidiary Interparfums created a wholly-owned subsidiary in South Korea, Interparfums Korea. SEPTEMBER Solférino Paris : Olfactory Excellence in the Heart of Paris The new signature of luxury perfumery finds its inspiration at the heart of an iconic location: the private mansion at 10, rue de Solférino. This neighborhood steeped in history is the birthplace of a Maison that embodies contemporary elegance and French know-how. Opening of the first Solférino Paris store Solférino Paris Maison de Haute Parfumerie opened its store at 310, rue Saint-Honoré in Paris. DECEMBER Improvement in the CDP Climate score For its third response to the CDP questionnaire, Interparfums scored B on the Climate Change questionnaire. Improvement in the EthiFinance ESG rating In the 2025 campaign, Interparfums achieved a rating of 87/100 (platinum level), up by 8 points on the previous year, putting it in 8 th place nationally (out of 203 companies), in 1 st place at sector level (out of 45 companies) and in 4 th place for companies with sales of over €500 million (out of 141 companies). Interparfums recognized again in Time Magazine's ranking of the World's Best Companies -Sustainable Growth In the second edition of this ranking, which recognizes the 500 most exemplary companies in terms of economic growth and environmental commitment from 2022 to 2024, Interparfums rose from 44 th place worldwide in 2024 to 12 th place worldwide in 2025 and climbed to first place nationally among the 18 French companies selected. Simplification of the Group Statutory merger of Interparfums Suisse into Interparfums SA through a cross-border merger under a preferential scheme, including the transfer of the Lanvin brand to Interparfums SA . Merger of Interparfums Holding into Interparfums SA under a preferential scheme approved by the Extraordinary shareholders' Meeting of December 17, 2025. 2025 ACTIVITY The outstanding success of the I Want Choo women's franchise, which has continued from quarter to quarter since its launch in 2021, especially in the United States, combined with the solid performance of the Jimmy Choo Man men's franchise, kept Jimmy Choo fragrances on a strong trajectory with growth of almost 2%. With sales that have now reached €200 million, up by almost 10%, Coach fragrances continued to grow thanks to the strength of virtually all the Coach women's and men's historical lines, boosted by two new launches in the first half of 2025. The success of the new line Montblanc Explorer Extreme in the second half of 2025 and the strength of the historical line Montblanc Legend contributed to a good final quarter, making it possible to offset the fall in sales of certain extensions released in 2022 and 2024. In their second year of operation, Lacoste fragrances confirmed the positive trend with sales of €95 million, up by 21%, showing performance fully in line with the brand's redeployment plan introduced in 2024. Sales of Rochas fragrances remained robust, driven by the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines. Although the Éclat d'Arpège line continued to perform well, Lanvin fragrances were down due to the lack of a launch and an unfavorable geopolitical context in certain countries where the brand is present. New initiatives are expected in 2026 and 2027. Sales of Boucheron fragrances amounted to €17 million, stable compared with the previous year. Boucheron and Interparfums have agreed to extend their partnership to the main existing lines until December 31, 2027. In the United States, where the fragrance market remains buoyant, Interparfums achieved very strong performance in 2025 with over 9% growth in local sales. It captured new market shares thanks to the Coach (+13%) and Jimmy Choo (+11%) fragrances, in particular with an outstanding increase in the I Want Choo line, up by 27% in 2025. South America had a good year driven by the expansion of distribution of Lacoste fragrances and the increase in Coach fragrances. While some markets remained robust, in particular China, which showed very strong growth (+27%) and Japan (+10%), distribution disruptions in two major markets - Korea and India - had sporadic impacts on Asia, where sales dipped 8%. Although some markets still have momentum, the geopolitical situation continues to limit activity in Eastern Europe, which nevertheless showed a rise of 4%. After a sharp increase in sales (+25%) in 2024, Western Europe continued to rise (+5%) in 2025, particularly in the United Kingdom and Spain. In France, in a declining market in terms of both volume and value, Interparfums had a very good year with strong performance in stores resulting in high restocking levels in the second half of the year. ANNUAL REPORT 2025 INTERPARFUMS Lastly, the Middle East continued to suffer from the effects of the conflicts in the region and a reduction in the number of outlets in many markets. MARKET UNITED STATES (RETAIL FIGURES) Thanks to outstanding growth between 2021 and 2024, the fragrance and cosmetics market in the United States more than doubled in four years compared to 2019 (pre-Covid) data, recording an annual growth rate of over 10%. In 2025, the market returned to normal but remained strong. With nearly 4% growth, its value increased by $350 million, raising the market size to nearly $10 billion. Interparfums is the 7 th largest player in this market with a 4.5% share, and its three flagship brands (Jimmy Choo, Coach and Montblanc) are among the top 30 brands in the market. Worth noting is the exceptional performance of the Jimmy Choo I Want Choo franchise. With sales up 23% vs. 2024, it posted the strongest growth among the top 20 women's franchises in the market, moving up four places to now rank among the top 10. FRANCE (RETAIL FIGURES) After several years of growth, the French market declined in 2025 in terms of both value (-3%) and, more significantly, volume (-5%). In recent years, the lower volumes were offset by an increase in prices charged by the various market players. In this context, Interparfums performed well in 2025, with a 3% increase in value and consistent volumes. These good results mainly stem form the robust performance of Lacoste and Jimmy Choo fragrances and the confirmed strength of Rochas fragrances, backed by the successful launch of the new Rochas Audace franchise. The policy of moderate price increases over the past few years undoubtedly explains why consumers today have a preference for the brands in Interparfums' portfolio. In a French market where online sales have risen by 12% vs. 2024 while in-store sales have fallen by more than 5%, Interparfums has recorded robust growth in its online sales (+19%). ANNUAL REPORT 2025 INTERPARFUMS Thus, at the end of 2025, Interparfums generated 21% of its sales online compared to the market average of 17%. 2026 OUTLOOK A program of launches will be introduced in 2026 with about 15 extensions of current fragrance lines. The year will also include the development of initial projects for the brands acquired or signed last year, such as Annick Goutal, Off-White™ and Longchamp, with launches planned for 2027, and the preparation of new franchises for the historical brands, with launches in 2027 and 2028. STRATEGY, EXPERTISE AND SOFT SKILLS OUR STRATEGY Long-term creation and development of fragrance lines for prestigious brands. This strategy is built on a portfolio of high-quality brands of international renown in the world of leather goods, fashion, haute couture , high jewelry and accessories, all of which have a rich history. Our missions The development of fragrance and cosmetics lines through licensing and own brand agreements with leading names in the luxury industry, working closely with their creative and marketing teams. Our core values Respect for prestigious brands that place their trust in us, the creativity we bring to their image, and the professionalism and care with which we design their products and packaging and coordinate their distribution and promotion. What guides our vision A strategy built on long-term partnerships with all our stakeholders, control of the design and manufacturing process, and flexibility through outsourcing of packaging and logistics in France. What drives our ambition Strengthening our practices in term of governance, social and environmental responsibility with the introduction of "optimized eco-design" in our product development. OUR EXPERTISE Marketing expertise Concepts tailored to each brand's image and positioning that "tell a story" A full array of marketing tools adapted to each line Targeted advertising materials for each line and country ranging from traditional media plans to social networks Manufacturing expertise A carefully managed 18-month manufacturing process, from design and component development to production Insistence on high-quality products based on an eco-responsible approach Distribution expertise Highly efficient logistics A presence in nearly 120 countries thanks to a team of long-time, high-quality partners (subsidiaries, agents, distributors) Regular in-store event plans An efficient organization Specialized, experienced teams Streamlined processes and fast decision-making OUR SOFT SKILLS A unique relationship with each brand A shared development strategy Continuous two-way communication Fast approval processes on both sides Dedicated marketing teams Business ethics A long-standing corporate culture nurtured year after year A focus on corporate social responsibility ANNUAL REPORT 2025 INTERPARFUMS A firmer environmental commitment FRAGRANCE DEVELOPMENT STORY Imagining & creating A fragrance emerges from a brand territory. It comes from its practices, its identity, and even its imagination. It is both part of a continuity and a specific moment in the dialogue between the brand and its audience. For each fragrance, Interparfums' Marketing teams use these essential values as a starting point to tell a unique story, together with the brand. The alchemy comes to life: based on the specifications defined by the Marketing team, a perfumer gathers the components to create a unique fragrance. Delicate alliances, subtle combinations, one-of-a-kind marriages: creating a fragrance involves blending boldness and reason, experience and imagination. Manufacturing & packaging Glass bottles, caps, pumps, cardboard boxes and Kraft packing paper, metal components - all these elements are produced by some 100 subcontracting partners. The fragrances themselves are delivered in concentrated form. All these aspects are overseen by the Production teams, whose main role is coordination and ensuring adherence to industrial planning. The entire process is governed by principles of ethical and environmental responsibility. Tracing, transporting & distributing Working closely with the sales teams, Logistics then takes over to ensure product traceability and transport and inventory management in line with order books and forecasts - a real balancing act. A specific regional or global distribution policy applies to each brand, and different cultural approaches are taken depending on the country. Interparfums has a network of loyal, reliable distributor, partners who ensure that each fragrance is positioned in the right market segment while complying with selective distribution conditions. Launch ANNUAL REPORT 2025 INTERPARFUMS After 18 months of development, the fragrance reaches the final stage of its journey: its encounter with the people who will adopt and wear it. Promotion, media campaigns and in-store presentations - the launch strategy has been designed for each country well in advance to build anticipation and create the event. ORGANIZATION AND TEAMS (PARIS) Production & Logistics Managing the production of thousands of products each year requires the ability to coordinate and harmonize a number of components, including technical development, procurement, industrial planning with subcontractors, logistics and regulatory monitoring, tasks that are carried out by 64 people. Within this department, a Quality team ensures compliance with the procedures set out in the product specifications. Marketing The Marketing department, a team of 50 people, is responsible for the delicate process of product creation, from the initial concept to its presentation at the point of sale. This work, which blends imagination, sensitivity and precision in close collaboration with the brands, ensures that each new product remains aligned with the brand's identity and universe. Operational & Digital Marketing A team of 20 people is responsible for Operational Marketing, which encompasses in-store staging and promotion of the brands, consumer engagement, merchandising and training. The department keeps pace with our digital transformation by harmonizing influencer campaigns, improving our digital media tools and optimizing SEO and e-commerce strategies. Export ANNUAL REPORT 2025 INTERPARFUMS A team of 32 people manages product distribution and development worldwide, primarily through distributors who in turn oversee retail networks. Their role is to ensure full compliance with all brand criteria, including network selection, pricing policies, communication strategies, merchandising and so on, while taking into account each country's cultural norms. Distribution in France The distribution strategy, sales management, margin monitoring and advertising budgets for the French market are overseen by a team of 40 people. Each launch is based on a specific strategy for each brand and retailer. The main goal is to reach consumers through impactful campaigns and by promoting the product's distinctiveness, starting with its added value. Finance A team of 51 professionals is in charge of this area, which covers Finance (accounting and analytical management, consolidation, internal control, treasury and collections), Human Resources, Legal Affairs, IT and Communications (financial, corporate and investor relations). SUBSIDIARIES Interparfums has a distribution subsidiary in Europe (Parfums Rochas Spain), which works with a local partner. It also has an independent distribution subsidiary in the United States (Interparfums Luxury Brands), which is managed by a team of 82 professionals. Finally, the development of operations in the Asian market is overseen by a team of 26 professionals at the Singapore-based subsidiary (Interparfums Asia Pacific) and a team of 8 people in South Korea (Interparfums Korea). 13 ANNUAL REPORT 2025 INTERPARFUMS CORPORATE SOCIAL RESPONSIBILITY CSR POLICY Issues related to Corporate Social Responsibility (CSR) are increasingly playing a role in the lives of businesses and their employees, both professionally and personally. Interparfums' issues were defined following the completion of the double materiality matrix. In terms of strategy, given Interparfums' maturity in social, societal and governance matters, a more active approach to environmental issues and issues related to human rights in the value chain has been taken. In the past three years, a low-carbon pathway has been developed, starting with the carbon footprint measurement. This past summer, Interparfums reached a new milestone in its contribution to the fight against climate change. The Science Based Targets initiative (SBTi (1) ) validated Interparfums' targets, which include a 42% absolute reduction in scopes 1 and 2 GHG emissions between 2021 and 2030 and a 51.6% reduction in physical intensity of indirect emissions in its supply chain (scope 3) over the same period. This milestone demonstrates that these targets are consistent with achieving the objectives of the Paris Agreement approved at COP21 10 years ago to limit global warming to +1.5 degrees by 2100 compared to the pre-industrial period. Convinced that the challenges of tomorrow will be met by working together, Interparfums would like all stakeholders in its value chain to move in the same direction if they have not already done so. By receiving this validation, Interparfums reaffirms its CSR commitment and its desire to contribute to the decarbonization of the fragrance industry. By the same token, reporting on the topic follows the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Product development, meanwhile, focuses on implementing the "optimized eco-design" charter, which involves increasing the use of recycled glass, reducing the weight of certain components and obtaining certifications. Initial efforts to integrate the circular economy principles are also being made. For example, Interparfums participated in the La Boucle Beauté initiative with Eau de Rochas to test the feasibility of re-using fragrance bottles after their first use. Finally, in the spirit of responsibility that drives the teams, Interparfums has implemented a traceability platform that allows it to map its value chain and access the various levels of its most strategic suppliers. This approach helps it improve its risk management and will eventually allow it to more accurately foresee the physical and transition risks that may affect its products in a future impacted by rising temperatures, biodiversity loss and human rights issues. With support from the CSR Department, this process is led by the Supply Chain & Operations Department and its teams, covering primary and secondary packaging, fragrances, and POS advertising (2) in addition to the logistics chain. To address and respond to all these issues, a CSR Executive Committee made up of all stakeholders has been set up. It includes the Human Resources Department for social aspects, the Legal Department for governance, ethics and data protection and, of course, the Production and Supply Chain Department for the environment. It also includes the Communications Department, the Head of Shareholder Relations and the Finance Department in order to prepare for implementation. The Board of Directors also now includes a new CSR expert who leads the CSR Committee, thereby meeting the requirements of the Middlenext Code of Conduct to which Interparfums adheres. This committee informs the Board of concrete issues identified in developing the double materiality matrix. ANNUAL REPORT 2025 INTERPARFUMS The SBTi is a global organization that helps businesses and financial institutions set GHG emission reduction targets in line with the latest scientific data. Its partners include the CDP, the UN Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Point of Sale advertising. INITIATIVES SUPPORTED BY INTERPARFUMS AND EXTERNAL RECOGNITION OF OUR ESG IMPACT UN Global Compact Since May 2024, the Interparfums Group has been committed to the UN's corporate responsibility initiative, the Global Compact ( https://www.unglobalcompact.org ), and its principles on human rights, labor rights, environment rights and combating corruption. Interparfums published its first Communication on Progress in April 2025. EthiFinance ESG Ratings The ratings agency EthiFinance ESG Ratings assesses the ESG performance of the best listed French and European small & mid-cap businesses. During the agency's 2025 season, Interparfums once again improved its ESG ranking. This rating is calculated using 140 criteria across four pillars: Environment, Social, Governance, and External Stakeholders. It reflects the significant efforts the Group has made over the past five years against the backdrop of an increasingly strict framework. This change resulted primarily from significant improvement in performance across all areas: Environment : through a broader assessment of climate change risks, which takes into account both physical and transition risks. The reduction in energy consumption and in scopes 1 and 2 greenhouse gas emissions and scope 3 emissions over the period assessed were also recognized in the rating, along with the implementation of a detailed environmental policy and its translation into significant advances in product eco-design; The Group placed 5 th in the category of companies with more than €500 million in sales, 7 th among all French companies assessed, and first in the sector ranking (Domestic and personal care products) for the fourth straight year. of the governance bodies and the formalization of a business conduct policy, coupled with anti-corruption training for employees. The presentation of IT risks to the governance bodies at least once a year was also cited as a best practice; ANNUAL REPORT 2025 INTERPARFUMS Season 2023 2024 2025 - Social : thanks to the formalization and development (Covering fiscal years) (2022) (2023) (2024) of the social policy and illustrated by the decrease in ESG score 73/100 79/100 87/100 the employee departure rate during the period; - Governance : through improvement in the operation External stakeholders : through efforts to assess the CSR performance of industrial suppliers. Sustainalytics In 2025, Interparfums once again improved its ESG score from the extra-financial ratings agency Sustainalytics, a subsidiary of Morningstar, by more than CDP For its third response to the CDP questionnaire, at the end of 2025 Interparfums scored B on the Climate Change questionnaire and C on both the Forests and Water Security questionnaires. 6 points in just a year. This very significant improvement means the Group is now on the same level as the leading beauty sector companies and better reflects its progress on ESG-related topics. In the Consumer Products category, Interparfums now ranks 7 th out of 101 companies. The July 2025 rankings also reveal its progress on environmental aspects, including the rollout of an optimized eco-design charter, and social aspects, with a major push to increase training as part of the responsible employer charter. More generally, the new score highlights the significant progress made in how ESG issues are managed. Updates 12/2023 12/2024 07/2025 The CDP is a non-profit organization that operates the world's leading environmental disclosure platform. With a record 22,000+ companies reporting information through the CDP in 2025 and a more detailed questionnaire, sharing environmental impact data has now become the norm for businesses. Interparfums' data will be added to the world's most comprehensive inventory of self-reported environmental data, which will help drive action through greater transparency. Publishing its data through the CDP shows that Interparfums is willing to meet growing demand from financial institutions, customers and partners for environmental transparency. Some American retailers are particularly attentive to Interparfums' involvement ESG Risk Rating Score (1) 24.85 24.98 18.6 Risk category Medium Medium Low MSCI The MSCI ESG (2) rating index assesses more than 8,500 companies, assigning their resilience to ESG risks a score between AAA and CCC. In March 2025, Interparfums recorded improvements in all categories: Environment, Social, Governance. The Group is now rated A, compared with BBB in 2024. S&P The CSA index from S&P Global Ratings covers 13,000 businesses, assessing their sustainable development practices each year. Interparfums' score on the index increased by 7 points between 2024 and 2025. with the platform. Ecovadis JUL 2025 For its second assessment by Ecovadis, Interparfums was awarded a gold medal, given to the top 5% of companies assessed by the agency over the 12 months preceding the medal award date. This medal reflects the quality of the Company's management system and attests to its commitment to promoting transparency throughout the value chain. World's Best Companies in sustainable Growth 2026 After ranking 44 th in 2025, Interparfums took 12 th place worldwide in the second "World's Best Companies in Sustainable Growth" rankings published by Time Magazine, which recognizes the 500 most exemplary companies in terms of economic growth and environmental commitment over the 2022-2024 period. Of the 18 French companies selected, Interparfums placed first nationwide. This recognition reflects the Group's ability to combine financial performance and environmental responsibility (reducing our carbon footprint, optimizing our resource management and using green energy). ANNUAL REPORT 2025 INTERPARFUMS A lower Sustainalytics score indicates a lower risk profile. The use by Interparfums of any MSCI solutions LLC or its affiliates ('MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Interparfums by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided "as is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI. 17 ANNUAL REPORT 2025 INTERPARFUMS EXECUTIVE COMMITTEE Axel Marot Executive Director, Supply Chain & Operations Marie-Astrid Berruyer Marketing Executive Director Emmanuelle Thellier International Sales Executive Director Natacha Cennac Finateu General Counsel Alessandro Trotta Executive Director, Support Functions Delphine Pommier Executive Director, Marketing Development & Communication Daphné Benacin International Sales Executive Director Philippe Benacin Chairman and Chief Executive Officer Véronique Duretz Head of Human Resources Jérôme Thermoz Executive Director France Philippe Santi Executive Vice President Pierre Desaulles Chief Executive Officer Interparfums Luxury Brands ANNUAL REPORT 2025 INTERPARFUMS Renaud Boisson Chief Executive Officer Interparfums Asia-Pacific 19 ANNUAL REPORT 2025 INTERPARFUMS BOARD OF DIRECTORS Philippe Benacin Chairman and CEO Jean Madar Director ANNUAL REPORT 2025 INTERPARFUMS Constance Benqué Independent director Marie-Ange Verdickt Independent director At December 31, 2025, the Board of Directors was composed of eight members, five of whom are independent. Given the diversity of the topics discussed and the difference in their timing, Interparfums' governance is built around three committees, each of which has three members: the Audit Committee, the Governance, Nominations and Compensation Committee (CGNR) and the CSR Committee. Philippe Santi ANNUAL REPORT 2025 INTERPARFUMS Director and Executive Vice President Caroline Renoux Independent director Olivier Mauny Independent director Natalie Bader Messian Independent director 22 ANNUAL REPORT 2025 BRAND PORTFOLIO INTERPARFUMS 23 ANNUAL REPORT 2025 INTERPARFUMS In mid-March 2025, Interparfums announced the acquisition of all intellectual property rights related to Annick Goutal. Development of the brand will begin in the first half of 2026. Created by Annick Goutal in 1981, the eponymous brand has had a niche in the Haute Parfumerie segment since its inception with the launch of the Eau d'Hadrien fragrance and the opening of a first store on rue de Bellechasse in Paris. Renowned for its refined, poetic creations, Annick Goutal has successively developed a wide range of fragrance lines, bath lines and home fragrances that are sold through a network of Annick Goutal stores and shop-in-shops, in France and abroad. The brand ANNUAL REPORT 2025 INTERPARFUMS ANNICK GOUTAL chooses to use high-quality raw materials that combine natural ingredients with creative accords. 25 ANNUAL REPORT 2025 INTERPARFUMS 26 ANNUAL REPORT 2025 INTERPARFUMS In late 2010, Boucheron and Interparfums signed an exclusive 15-year global licensing agreement for the creation, manufacturing and distribution of fragrances under the Boucheron brand name effective from January 1, 2011. In January 2026, they agreed to extend their partnership for the main existing lines through December 31, 2027. Boucheron Femme (1988) Boucheron pour Homme (1989) Jaïpur Homme (1998) Jaïpur Bracelet (2012) Boucheron Quatre (2015) Boucheron La Collection (2017) Serpent Bohème (2020) Boucheron Singulier (2022) Boucheron fragrances generated €17.1 million in sales in 2025, stable compared to last year. BOUCHERON --------------------------- 1.9% of sales ANNUAL REPORT 2025 INTERPARFUMS €17.1 m 2025 sales In April 2015, Interparfums signed an exclusive 11-year global fragrance licensing agreement with Coach Inc, the New York-based luxury and fashion accessories brand. In March 2025, the licensing agreement was extended for an additional five years, through 2031. Coach Eau de Parfum (2016) Coach Eau de Toilette (2017) Coach for Men (2017) Coach Floral (2018) Coach Platinum (2018) Coach Floral Blush (2019) Coach Dreams (2020) Coach Blue (2020) Coach Dreams Sunset (2021) Coach Wild Rose (2022) Coach Open Road (2022) Coach Green (2023) Coach Love (2023) Coach Dreams Moonlight (2024) Coach for Men Eau de Parfum (2025) Coach Gold (2025) With sales that have now reached €200 million, up by almost 10%, Coach fragrances continued to grow thanks to the strength of virtually all the Coach women's and men's historical lines, boosted by two new launches in the first half of 2025. ANNUAL REPORT 2025 INTERPARFUMS COACH --------------------------- 22.2% of sales €200.0 m 2025 sales

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