Financial results press release

Net profit of €120,6 million in H1 2026 Extraordinary distribution of €1,00 per share 2026 outlook unchanged

JUMBO Group recorded sales of €519,26 million (+4,42%) and net profit of €120,60 million (+2,92%) in the first half of 2026, while the Board of Directors resolved to pay an extraordinary cash distribution of €1,00 per share.

• The first half of 2026 was marked by heightened geopolitical uncertainty. Ongoing conflicts continued to put pressure on energy prices, international freight and supply chains, while also weighing on consumer sentiment.

Conditions in the markets where the Group operates were as follows:

• Greece: The Group's largest market, accounting for approximately 60% of its business, maintained a healthy growth trajectory.

• Cyprus: The initial disruption caused by its geographical proximity to the conflicts in the Middle East gradually subsided, with market conditions normalizing over the summer months.

• Bulgaria: Momentum remained particularly strong, supported by the country's progress towards euro adoption, high liquidity, a sound banking system, low public debt and strong wage growth.

• Romania: Remained the most challenging market. High inflation, pressure on the RON, fiscal adjustment and the increase in VAT from 19% to 21% in August 2025 constrained real disposable income and consumer demand.

  In Romania, the comparison base becomes more representative from August, as sales are now compared with a period in which the higher VAT rate was already in effect. This is primarily a technical effect and, in itself, does not indicate a meaningful improvement in consumption, as inflationary, currency and fiscal pressures persist.

  • Management maintains its 2026 outlook of approximately 5% sales growth and net profit of €310-320 million. The second half of the year traditionally accounts for a greater share of annual sales and profit.

    Key Financial Figures for the First Half of 2026

    	H1 2026	H1 2025	Change
    Sales	€519,26 million	€497,28 million	+4,42%
    Gross profit	€277,94 million	€267,85 million	+3,77%
    EBITDA	€170,00 million	€165,36 million	+2,81%
    Net profit	€120,60 million	€117,18 million	+2,96%

    Gross margin: The slight decline of 33 basis points mainly reflects pressure in Romania from the depreciation of the local currency and the Group's decision to absorb the VAT increase, limiting its pass through to retail prices. A more favorable EUR/USD exchange rate, contained freight costs and a lower contribution from sales to franchise partners in the overall sales mix provided offsets. Recent developments in international shipping, however, are once again pushing freight rates higher, increasing uncertainty for the second half.

    Strong financial position: The Group continues to operate with no bank debt. As at 30 June 2026, cash and cash equivalents exceeded total lease liabilities by €485,65 million.

    Shareholder distributions

    The Group's strong financial position and high liquidity allow Management to continue rewarding shareholders while executing its investment and growth program without disruption.

    Against this backdrop, on 23 September 2026 the Board of Directors resolved to pay an extraordinary cash distribution of €1,00 per share, amounting to approximately €134,37 million in total.

    The ex-distribution date has been set for Monday, 16 November 2026; the record date is Tuesday, 17 November 2026; and payment will commence on Friday, 20 November 2026.

    In 2026 to date, JUMBO has already distributed €161,2 million, or €1,20 per share, to shareholders.

    Including the new distribution, total cash distributions to shareholders in 2026 amount to €2,20 per share, or approximately €295,57 million.

    Targeted store network expansion

    The Group currently operates 89 stores: 53 in Greece, 6 in Cyprus, 10 in Bulgaria and 20 in Romania.

• 2026: The new hyperstore in Baia Mare, Romania, is expected to open in October.

• 2027: New stores in Romania and Cyprus.

Greece: 2027 will be a transitional year for new openings, as the next four stores are in preparation, with openings expected from 2028.

Bulgaria: The plan continues to include one additional hyper store within the next two years.

Romania: Romania remains a key market for further expansion, and the long term target of doubling the number of stores over ten years remains unchanged.

Pop-up stores: The Group is developing smaller pop-up stores with a targeted product range in high footfall and tourist areas. Suitable locations have already been identified, with the first stores targeted to open in 2027-2028.

The Group operates online stores in Greece, Cyprus, Bulgaria and Romania.

An online store in Hungary is planned to launch towards the end of 2026, supported by the existing ecommerce infrastructure in Romania.

Strengthening infrastructure is a core part of the Group's strategy.

In this context, the process to acquire the approximately 60,000 sq. m Giga distribution center in Romania is progressing. The facility will significantly enhance the capacity and efficiency of deliveries to the Romanian market.

The investment in a new distribution center in Thessaloniki is also progressing. The facility is expected to be completed in 2027 and will serve Northern Greece and Bulgaria.

The expansion of the partnership with BALFIN Group and the new supply model for the additional markets covered by that partnership are expected to free up capacity in the Group's existing warehouses and distribution centers. For this reason, the Group is reassessing to develop a new distribution center in Oinofyta. JUMBO Group is in discussions with Fox Group to apply the new supply model to the Israeli and Canadian markets as well.

Through partnerships, the Group currently has a presence in 48 JUMBO-branded stores across seven countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel).

BALFIN: In the first half of 2026, the partnership expanded to six new markets: Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. The agreement builds on the existing partnership in Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova, where a store is expected to open in 2026.

For the six new markets, BALFIN will establish a central logistics hub in China and independently manage the related supply chain.

Fox Group: Eight JUMBO stores are now operating in Israel, while the first store in Canada (Toronto) is expected to open at the end of 2026, provided there are no delays.

Earnings before interest, taxes, depreciation and amortization (EBITDA)

Amounts in mil. € The Group The Company

Note

* Refers to the adjustment of the dividend of € 70,00 mil. received by the Company for the period 01.01.2026-30.06.2026 and the dividend of € 66,00 mil. received by the Company for the period 01.01.2025-30.06.2025.

1. Net Debt - The ratio is calculated as the sum of lease liabilities and borrowings less cash and cash equivalents and other current financial assets and measures the liquidity of the Group and the Company.

NET DEBT

Note The net debt for the Company and the Group, i.e. is represented the total lease liabilities and borrowings less the amount of cash and cash equivalents and other current financial assets and is used by the Management of the Company and the Group as a measure of liquidity.