Kofola CeskoSlovensko : Interim report 6M25

About this update from Kofola Ceskoslovensko As

‌A-0 one of top producers of branded non-alcoholic beverages in Central and Eastern Europe ‌CZfE 5,1 sx 6M£5 RzVENUES In PRODUCTION PLANTS 3,300+ EMPLOYEES LISTED ON PRAGUE STOCR EXCHANGE CZECHIA SLOVAKIA SLOVENIA CROATIA No. 2 No. 1 No. 1 No. 4 PLAYER IN THE SOFT PLAYER IN THE SOFT PLAYER IN THE SOFT PLAYER IN THE SOFT DRINKS MARKET DRINKS MARKET DRINKS MARKET DRINKS MARKET No.2 No.1 No.1 No.2 WATER BRAND WATER BRAND WATER BRAND WATER BRAND Revenue(CZKm) 5,065 5,119 Revenue per main business segments tCZKml 6M25 ■ 6M24 3,215 2,896 812 786 734 578 623 540 6M25 6M24 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs EBITDA per main business segments 674 854 395 510 97 138 6M25 ■ 6M24 116 133 66 73 6M25 6M24 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs Net debt/LTM EBITDA Profiit/(loss) fior the period (CZKm) 282 30-06-25 2.14 31-12-24 148 6M25 284 6M24 The results and ratios above are based on adjusted results. for details on financial performance and reconciliation of reported and adjusted results refer to section S.1. Group's revenue decreased by CZK 54.0 mil. (1.1%). Group's EBITDA decreased by CZK 180.1 mil. (11.1%). Net profiit decreased by CZK 135.fl mil. (47.7%). 6M85 results influenced by sugar tax implemented in Slovakia and unfavorable weather in the fiirst halfi ofi 8Ofl5. A-5 ‌2d. KOFOLACESKOSLOVENSKO‌ Kofola CeskoSlovensko a.s. ("the Company") is a joint-stock company and was registered on 12 September 2012 in the Czech Republic. Its registered office is Nad Porubkou 2278/31a, Poruba, 708 OO Ostrava, Czech Republic and the identification number is 24261980. Ostrava is also a Company's principal place of business. The Company is recorded in the Commercial Register kept by the Regional Court in Ostrava (Czech Republic), section B, Insert No. 10735. The Company's websites are http-//wwwfirmakofola cz and the phone number is +420 595 601 030. LEI: 3157OO5DO9L5OWHBQ359. ‌KOFOLAGROUP Nature of Group's operations and principal activities is production and sale of non-alcoholic and alcoholic beverages. Kofola CeskoSlovensko a.s. is part of the Kofola Group, one of the leading producers and distributors of non-alcoholic beverages in Central and Eastern Europe that belongs to the top players in CzechoSlovakia. The Group produces its products with care and love in fourteen production plants located in the Czech Republic (nine plants), Slovakia (two plants), Slovenia (one plant), Croatia (one plant) and Poland (one plant). The Group distributes its products using a wide variety of packaging, including kegs that are used in the HoReCa channel to serve our widely popular drink "Kofola Draught" distributed in KEG which is considered as one of our most environmentally friendly packaging. The Group distributes its products through Retail, HoReCa and Impulse channels. Besides traditional non-alcoholic drink segment, Group has also entered new smaller segments through the acquisition of coffee plantations and apple orchards. And with its acquisition of Pivovary CZ Group a.s. realized in March 2024, it has also entered the beer segment. IEey brands Key own brands include carbonated beverages Kofola and Vinea, waters Radenska, Studenac, Rajec, Ondra"sovka, Korunni and Klñs"torna Kalcia, syrup Jupi, beverages for children Jupik, Semtex energy drink, UGO fresh juices and salads, Leros teas and coffee brands Café Reserva and Trepallini. From 2024 the key brands include also beers Zubr, Holba and Litovel. In selected markets, the Group distributes among others Evian, Vincentka or Dilmah products and under the licence produces Royal Crown Cola, Orangina or Pepsi. The Group also produces and distributes water, carbonated and non-carbonated beverages and syrups under private labels for third parties, mostly big retail chains. In 2025 the Group launched new own brand of fruit drinks and juices Curiosa. Despite the fact that the Group's portfolio includes more than 30, mostly well-established and recognisable brands with a wide market, the Group's key brand is Kofola. Maixt braxtds by categories are sftowxt ixt tfte visuatisatioxt below: Carbonated Beverages Waters Non-carbonated Beverages Fresh&SMadBars Beers & Ciders Other ‌GROUPSTRUCTURE Group structure as at 30 7une 2O£5 TAYLOR PAPA LAL0 COFFEE S.A. Pzemiuxn Rasa Sp. z o.o. UGO tzade s.r.o. PFtHy s.r.o. PIVOVARY T'RIANGL s.z.o. FILIP REEL s.s. PR4GEROUY SADY LI8INA s.r.n. 49' PRAGER'S s.z.o. AGRIT'R0PICAL S.A.S. Rvovaxy CZ Group a.s. FONg'&NA PCZG s.r.o. SecGonBQd Name of entity Place of business Segment Principal activities Ownership interest aztd 30.06.8OES 31.18.Z084 Kofola CeskoSlovensko a.s. Cafe Dorado PIVOVARY TRIANGL s.r.o. Bilgola fresh Kofola a. s. Kofola a. Czech Republic CzeehoSlovakia Czech Republic n/a Czech Republic Beers & Ciders Czech Republic n/a Czech Republic CzechoSlovakia CzechoSlovakia top holding company holding company holding company holding company production and distribution of non-alcoholic beverages production and of non-alcoholcbeverages operationofFreshbars 51.00% 100.00% 100.00% 51.00% 100.00% 100.00% UGO trade s.r.o. RADENSKAdoo Czech Republic Fresh & Herbs Adriatic chain, production of salads production and of non-alcoholic beverages Studenac d.o.o. Croatia Adriatic of 100.00% 100.00% non-alcoholic beverages production and Premium Rosa z Poland & Herbs of 100.00% 100.00% and jams production and distribution of LEROS,s.ro Czech Republic Fresh & Herbs products from medicinal 100.00% 100.00% plants and quality natural teas production and distribution 90.00% 100.00% 90.00% 100.00% Leros Slovakia, F. H. Prager s.r.o. Semtex Republic Tuselie s.r.o.' FILIP REAL s. Bylinkarna s.r.o. a. & Czech Republic Beers & Ciders Czech Republic CzeehoSlovakia Czech Republic n/a CzechRepubGc CzechoSovakia CzechRepubGc Fresh&Herbs n/a distribution of products medicinal plants and quality natural teas production and distribution of ciders and kombueha marketing activities production and distribution of self-watering clay pots hotel operation products completion and paclsaging production of hot-washed PET flakes and PET preforms 100.00% 100.00% 100.00% 34.00% 100.00% 100.00% 100.00% 100.00% 100.00% 34.00% 100.00% 100.00% AGRITROPICAL S.A.S. PIVOVARY CZ Group s.' FONTANA PCZG s.r.o.' Supplo s. PRAGEROVY SADY LIBINA MIXA VENDING PRAGERssro Krondorf TAYLOR PAPA LALO COFFEE Owner Oi orchards the SA' Colombia Czech Republic CzechRepubGc Czech Republic Czech Republic Czech Republic Czech Republic Czech Repubic Panama n/a Beers & Ciders Beers & Ciders CzechoSlovakia Fresh & Herbs n/a Beers & Ciders CzechoSlovakia Fresh & Herbs coffee plantations production and distribution of traditional beer brands Zubr, Holba and Litovel wholesale of beer and soft drinks B8B sales of products and services through the Marketplace model apple orchards vending machines operator production of fermented beverages Production of water Production and sale of Coffee 25.00% 51% 100% 100% 100% 100% 49% 100% 100% 100% n/a n/a 51% 25.00% 51% 51% SANTA-TRANSsro Czech Republic CzechoSlovakia road cargo transport 100.00% 100.00% ' Zahradni Olla s.r.o. ° in March 2084. ° in 8024. • Acquired 8025. Acquired in April R025. The Company fully PIVOVARY TRIANGL r.o. PIVOVARY CZ Group FONTANA PCZG and PRAGEROVA SKLIZEN despite not 100% ownership in these All information in this report on that basis. MIXA VENDING r.o. via equity method. ‌SVCCESSES AND AWARDS éESKYSVAZ mvovAeu A SLADOvE N ? L A '1' Y r O H A it P I v 0 2 0 2 4 Czech Beer Tasting Competition The breweries Zubr and Litovel from the Pivovary CZ Group have once again confirmed the quality of their beers by succeeding in the Czech Beer Tasting Competition, organised annually by the Czech Brewery and Maltster Association. The first place went to Zubr Gold in the draught beer category, while the bronze went to Litovel's non-alcoholic beer Cut Lemon. PIVEX Golden Cup competition The Zubr and Litovel breweries confirmed their exceptional quality at the 32nd edition of the PIVEX Golden Cup competition. The four-times-hopped ZUBR Grand became the absolute winner of the competition, also winning in the lager category. The brewery also won additional medals - ZUBR Gold took the gold in the light draft beer category, and ZUBR Gradus won the PIVEX Golden Keg category. The Litovel brand won bronze for the non-alcoholic beer Litovel Pomelo. HERMES Communication Awards Based on a representative survey by MEDIAN SK, the Kofola brand won the award for the best communicating brand (1st place), while Rajec brand ranked 3rd. Kofola also took 2nd place in the Public's Choice category. LEMUR PR Awards Kofola received the highest award, GRAND PRIX Golden Lemur, for its flood communication campaign "Let's Bring the Barrels Home" and the #z1asky project for localities, as well as 1st place in the Crisis Communication category. RADENSRA ADRIA7IC At the 29th International Juice, Beverage, and Bottled Water competition held at the Pomurje Fair in Gornja Radgona, Radenska company won 14 medals for its brands. Randstad Award Kofola CeskoSlovensko ranked 1st in the FMCG industry category in the Randstad Award for the best employers and overall took 5th place. ‌BUSIN£ISS OV£IRVI£IW‌ Developmexxt in 6M25 In the first half of 2025, the Group reported EBITDA of 673.8 million, representing year-on-year decrease of CZK 180.1 million (21.1%). This decline was mainly driven by the introduction of the sugar tax in Slovakia, effective from 1 January 2025, as well as by unfavorable weather conditions. In the first quarter, EBITDA decreased by CZK 95.6 million (37.0%), in the second quarter by CZK 84.5 million (14.2%). CzechoSlovakia segment experienced a decline in both revenue and EBITDA. As a result of the impelemented sugar tax, retail customers had stocked up on goods in the last quarter of 2024, which led to a decline in the first quarter of 2025. The most noticeable decline in sales, in terms of individual formats, was in the large pack of beverages for home. The Group's second largest pillar, Beers & Ciders segment, also saw a decline in sales compared to last year. The brewing division Pivovary CZ Ciroup rebranded its key brands Holba and Zubr, supported by a strong communication campaign. In the first half of 2025, Adriatic segment achived a solid year-on-year revenue growth. This growth was mainly driven by higher sales in Slovenia and Croatia, as well as by an increase in export markets. In the second quarter, there was a significant increase in demand and consumption, particularly in June, when the region was affected by a prolonged heatwave. Fresh & Herbs segment experienced positive growth, mainly thanks to UGO, which continued its positive trend. In 2025, several acquisitions took place. For example, the Kofola Group expanded its agriculture activities and entered another coffee-growing region in Panama. Development in individual business segments is presented in this interim report within section 4.1. Adjustments o£ reported performance and position Presented below is a description of the financial performance and financial position of Kofola Group in 6M25. It should be read along with the financial statements and with other financial information contained in the attached consolidated financial statements. The Board of Directors is presenting and commenting on the consolidated financial results adjusted for one-off events in the following sections. ADJUSTED CONSOLIDATED FIHA1'4CIAL RESULTS Adjusted consolidated financial results 6M25 One-off adustments 6M25 adjusted CZK'000000 CZK'000000 CZK'0O0000 of sales (2,768.5) (2,768.5) Gross profit 2,596.1 - 2,296.1 Selling, marketing and (1,649.4) (1,649.4) Administrative (351.9) (351.9) Other operating net 4.8 14.4 19.2 Operating profitf(loss) 299.6 14.4 314.0 Depreciation and amortisation 359.8 359.8 EBITDA 659.4" 14.4 673.8"" Finance income/(costs), net (88.8) (88.8) Income tax (73.9) (3.1) (77.0) Profit/(loss) for the period 136.9 11.3 148.2 - attributable to owners of Kofola 113.6 11.6 1252 EBITDA to operating plus depreciation and amortisation. ** Adjusted EBITDA to EBITDA for the of and that are non-recurring, extraordinary or in including in particular from the of non-current and financial not arising from ordinary those with the impairment of property, plant and financial goodwill and intangible relocation and the of Group The result of the Kofola Group for the 6-month period ended 30 June 2025 was affected by the following one-off items: In Other operating Income/(costs), net: Net gain on sold items of Property, plant and equipment of CZK 18.2 million recognized in all business segments. Insurance compensation connected to floods of CZK 0.4 million (CzechoSlovakia segment and Fresh & Herbs segment). Costs connected to floods amounting to CZK 20.9 million mainly related to repair costs of properties. Insurance compensations related to these costs incurred in 2025 are expected to be received in 3Q25 and 4Q25 (mainly in the CzechoSlovakia segment and Beers & Ciders segment). Advisory costs of CZK 9.5 million (CzechoSlovakia segment). Restructuring costs of CZK 2.6 million (Fresh & Herbs segment). Adjusted consolidated financial results""" 6M24 One-off adjustments 6M24 adjusted Revenue 5,118.6 5,118.6 of sales (2,786.7) (2,786.7) 2,331.9 2,331.9 Selling, marketing and (1,453.9) (1,453.9) Administrative (343.1) (343.1) Other operating Operating profit/(loss) net 17.3 552.2 5 s . .c 1 22.4 ss7.3 Depreciation and amortisation 296.6 296.6 848.8' s.c 853.9"" Finance income/(costs), net (157.3) (157.3) Income tax (115.7) (0.9) (116.6) Profit/(loss) for the period - attributable to owners of Kofola EBITDA to operating plus depreciation and 279.2 246.1 1.5 283.4 247.6 ** EBITDA refers to EBITDA for the of events and that are or in nature, including in from the sale of non-current and financial not from those with the impairment of plant and equipment, and intangible relocation costs and the costs Group *** MIXA VENDING (49%) acquired in Ian 2084 was, based on management control, consolidated. During the final audit of 31 Dec 2084, it was decided that the should be classified as a venture and the method was changed. The therefore method. For that comparative data for have been The result of the Kofola Group for the 6-month period ended 30 June 2024 was affected by the following one-off items: fn Other operating income/fcosts?, net: Advisory costs of CZK 13.0 million (CzechoSlovakia and Beers & Ciders segment). Net gain on sold items of Property, plant and equipment of CZK 13.6 million recognized in all business segments. Restructuring costs of CZK 0.6 million (Fresh & Herbs segment). Software licence fee costs of CZK 2.2 million (Beers & Ciders segment). Litigation costs of CZK 6.7 million and insurance costs of CZK 0.3 million (Adriatic segment). Gain on bargain purchase of PRAGEROVY SADY LIBINA s.r.o. of CZK 4. 2 million (CzechoSlovakia segment). FIHAHCIAL PERFORMANCE Adjusted consolidated financial results 6M25 6M24 Change Change CZK'000 000 CZK'000 000 CZK'0O0 000 % Revenue 5,064.6 5,118.6 (54.0) (1.1%) of sales (2,768.5) (2,786.7) 18.2 (0.7%) Gross profit 2,596.1 2,331.9 (35.8) (1.5°/.) Selling, marketing and (1,649.4) (1,453.9) (195.5) 13.4% Administrative (351.9) (343.1) (8.8) 2.6% Other operating net 19.2 22.4 (3.2) (14.3%) Operating profit/(loss) am.o ssh.s fans.sJ Ans.z°/.j 673.8 855.9 (180.1) (21.1%) Finance income/(costs), net (88.8) (157.3) 68.5 (43.5%) Income tax (77.0) (116.6) 39.6 (34.0%) Profit/(loss) for the period 148.2 283.4 (135.2) (47.7%) - attributable to owners of Kofola 125.2 247.6 (122.4) (49.4%) a.s. Revenue The decrease in the Group's revenue is primarily attributable to unfavorable weather in the first half of 2025 and the introduction of the sugar tax in Slovakia, effective from January 2025. Business segments Revenue Sfxare Revenue Sfxare CZK'OOOOOO CZK'OOOOOO CZK'OOOOOO Adriatic 811.6 16.0% 786.1 15.4% 25.5 3.2% & Ciders 734.4 14.5% 577.5 11.3% 156.9 27.2% Fresh & 623.0 12.3% 539.6 10.5% 83.4 15.5% Total 5,064.6 100.0°/ 5,118.6 100.0°/ (54.0) (1.1°/) CzechoSlovakia segment was the most affected, with a decline in sales particularly in large beverages packs intended for home consumption. Sales in the Adriatic segment grew mainly due to a significant increase in demand and consumption, particularly in June, when the region was affected by a prolonged heatwave. Beers & Ciders segment was also impacted by unfavorable weather and weaker demand, further influenced by factors such as lower export volumes. All sales formats recorded declines, including cans, glass bottles, and KEGs. Revenue for 6M24 included the contribution from the breweries acquired in March 2024 but for 6M25 included all six months. For comparison revenue of this segment for all 6 months of 2024 reached CZK 798.4 million which indicates revenue decrease by 8% in 6M25. Revenue in Fresh & Herbs segment was driven by UGO and LEROS. In the QSR division of UGO, results were supported by successful product innovation and ongoing digitalization initiatives. Product lines Revenue 6M25 Share Revenue 6M24 Share e CZK'000 000 % CZK'0O0 000 % CZK'000 000 Carbonated beverages 1,664.9 32.8% 1,745.3 34.1% (80.4) (4.6%) 1,461.5 1,502.1 29.3% (40.6) & Ciders 728.5 14.4% 573.8 11.2% 154.7 27.0% Non-carbonated 246.6 4.9% 347.9 6.8% (101.3) (29.1%) 229.5 4.5% 286.4 5.6% (56.9) (19.9%) Fresh & Salads 326.7 6.5% 279.9 5.5% 46.8 16.7% Other 406.9 8.0% 383.2 7.5% 23.7 6.2% Total 5,064.6 100.0°/ 5,118.6 100.0°/ (54.0) (1.1°/) The activities of the Group concentrate on the production of beverages in five market categories: carbonated beverages (including cola beverages), non-carbonated beverages, types of bottled water, syrups and beers & ciders. Together these categories accounted for 85.5% of the Group's revenue in 6M25 (in 6M24: 87.0%). CZK'OOOOOO CZK'OOOOOO CZK'0O0 000 Slovenia 496.2 9.8% 489.8 9.6% 6.4 1.3% Croatia 234.1 4.6% 227.9 4.5% 6.2 2.7% Poland 174.3 3.4% 156.1 3.0% 18.2 11.7% Other 157.2 3.1% 196.2 3.8% (39.0) (19.9%) Total 5,064.6 100.0°/ s,iis.s too.o°/. fsn.oj fi.t°/.j (per end customer) Revenue Share Revenue Share The allocation of revenue to a particular country segment is based on the geographical location of customers. Sales has grown in all main countries in comparison with 6M24 except for Slovakia, where the sales were affected by the sugar tax. The increase in sales in Poland is attributable to the contribution from Pivovary CZ Group a.s. for the full six months of 2025, whereas in 2024 the breweries were consolidated only from March following their acquisition. Other represents the Group's export, which declined mainly in the breweries division. Cost of sales Group's Cost of sales are comparable to 6M24, material and energy prices are developing according to expected trends. Setting, marketing and distribution costs Selling, marketing and distribution costs are higher especially due to higher marketing costs. Adjusted EBI3'DA 6M25 6M24 EBITDA margin** * EBITDA to operating plus depreciation and ** Calculated as (EBITDAJRevenue)*lO0%. 13.3% 16.7% Adjusted EBITDA by business segments 6M25 6M24 EBITDA ""'7 EBITDA rsn7A Change CZK'0O0 000 % CZK'000 000 % CZK'000 000 CzechoSlovakia 394.5 13.6% 510.3 15.9% (115.8) (22.7%) Adriatic 97.0 12.0% 137.9 17.5% (40.9) (29.7%) & Ciders 116.0 15.8% 132.7 23.0% (16.7) (12.6%) Fresh & 66.3 73.0 (6.7) Total 673.8 13.3°/ sss.9 Is.z°z. ftso.U fzi.t°z.) The decline in EBITDA reflects lower revenue (CzechoSlovakia and Beers & Ciders segment). The revenue growth in Adriatic segment was not proportionally reflected in EBITDA, mainly due to higher operating costs related to increased investments in the brand and rising personnel expenses following adjustments to the minimum wage. Finance income/(costs), net Better financial result was influenced mainly by lower interest expense from bank credits and loans (by CZK 24.9 million). There was also a positive FX effect of CZK 29.3 million. Income tax Lower income tax is a result of lower taxable profits within the Group. FIHAHCIAL PERFORMANCE IH 2Q Adjusted consolidated financial results Change Change CZK'000 CZK'000 CZK'000 % 000 000 000 of sales (1,538.7) (1,608.7) 70.0 (4.4%) Gross profit 1,432.8 1,458.5 (55.7) (1.8°/.) Selling, marketing and (928.5) (860.0) (68.5) 8.0% Administrative (189.3) (169.9) (19.4) 11.4% Other operating net 9.7 7.6 2.1 27.6% Operating profit/(loss) EBITDA 354.7 sts.I 436.2 s9s.s (111.5) (84.5) (55.6°/) (14.2°/) Finance income/(costs), net (43.2) (54.5) 11.3 (20.7%) Income tax (56.3) (78.8) 22.5 (28.6%) Profit/(loss) for the period 225.2 302.9 (77.7) (25.7°/) - attributable to owners of Kofola 200.7 269.4 (68.7) (25.5%) a.s. Development in 2Q25 was, as stated above, influenced by cold spring months and the sugar tax implemented in Slovakia. The Kofola Group continued to build and strengthen its brands. In HoReCa, the CzechoSlovakia segment successfully started to distribute its new brand of juices Curiosa. The increase in administrative costs is mainly related to personnel expenses (creation of a provison for bonuses). Business segments Revenue 2Q25 Share Revenue % 2Q24 Share % Change % Adriatic 510.3 477.7 15.6% 32.7 6.8% & Ciders 438.7 476.1 15.5% (37.4) 7.9% Fresh & 320.7 10.8% 277.0 9.0% 43.7 15.8% Total a,9ri.s too.o°z. s,osz.a too.o°z. f9s.zj fa.i°/'.) Product lines Revenue 2Q25 Share Revenue 2QZ4 Share Change CZK'000 OOO % CZK'000 000 % CZK'000 000 % Carbonated beverages 1,022.4 34.4% 1,018.1 33.2% 4.3 0.4% 859.6 28.9% 891.6 29.1% (32.0) (3.6%) & Ciders 434.3 14.6% 472.4 15.4% (38.I) (8.1%) Non-carbonated 141.6 4.8% 188.9 6.2% (47.2) (25.0%) Syrups 112.2 3.8% 143.8 4.7% (31.6) (21.9%) Fresh & Salads 181.4 6.1% 152.2 5.0% 29.2 19.2% Other 219.9 7.4% 200.2 6.5% 19.7 9.8% 3'ota1 2,9ri.s too.o°z. s,osz.2 too.o°z. frs.zj Is.i°z.) The decline in revenue of selected product lines is driven by the factors mentioned above. The decrease in Non-carbonated beverages sales is primarily due to lower volumes of Curiosa juices, which are distributed exclusively within HoReCa (unlike Rauch, with which cooperation was terminated at the end of 2024). Change Revenue Revenue % % % Share Share Sales by countries (per end customer) Slovenia Croatia Poland Other g'ota1 294.4 9.9% 286.1 9.3% 8.3 2.9% 162.1 5.5% 150.2 4.9% 11.9 7.9% 88.5 3.0% 106.4 3.5% (17.9) (16.8%) 100.2 3.4% 128.8 4.2% (28.6) (22.2%) a,9ri.s too.o°/. s,osz.a too.o°/. f9s.zj Is.i•/'.) The decline in sales in Poland, when looking solely at the second quarter, was mainly attributable to Pivovary CZ Group a.s. Thedecrease in exports (category 'Other') was also primarily driven by Pivovary CZ Group a.s. Adjusted EBI3'DA *9!*5 CZK'000 CZK'000 EBITDA margin** * EBITDA to operating plus depreciation and Change ** Calculated as (EBITDAJRevenue)*l0O%. 17.2% 19.4% Adjusted EBI3'DA by business segments EBITDA % % % Adriatic 82.9 16.2% 108.8 (26.0) & Ciders 89.5 20.4% 109.6 23.0% (20.1) (18.3%) Fresh & 37.0 11.5% 42.1 15.2% (5.1) (12.0%) Total 511.1 17.Z°/. 595.6 19.4°/. (84.5) (14.Z°/.) Segments' results for 2Q25 are in line with the information already presented above. FIHAHCIAL POSITION 30.06.2055 31.15.2OS4 Change Change CZK'0O0 000 CZK'0O0 000 CZK'OOOOOO Consolidated statement of financial position Property, plant and equipment 4,706.2 4,410.3 295.9 6.7% Intangible 1,654.9 1,668.8 (13.9) (0.8%) Goodwill 809.2 780.9 28.3 3.6% in equity accounted 202.2 190.6 11.6 6.1% Deferred tax 46.0 54.2 (8.2) (15.1%) Other 184.4 141.3 43.1 30.5% Current assets 3,576.7 3,656.9 (50.2j (1.4°/) Inventories 1,179.9 941.9 238.0 25.3% Trade and other receivables 1,570.0 1,451.4 118.6 8.2% and cash 777.9 1,230.0 (452.1) (36.8%) Other 48.9 3.6 45.3 1,258.3% EQuity 2,120.9 2,o24.o 96.9 4.8°/< Non-current liabilities s,3a2.4 4,74o.o 582.4 la.s°z. Bank credits and loans 4,262.0 3,692.1 569.9 15.4% liabilities 311.4 299.4 12.0 4.0% Deferred tax 434.3 444.7 (10.4) (2.3%) Other 314.7 303.8 10.9 3.6% Current liabilities 3,736.3 4,109.0 (37Z.7) (9.1°/.) Bank credits and loans 788.6 1,077.0 (288.4) (26.8%) liabilities 119.9 115.2 4.7 4.1% Trade and other 2,686.8 2,581.9 104.9 4.1% Other 141.0 334.9 (193.9) (57.9%) Non-current assets 7,602.9 7,246.1 356.8 4.9°/ Property, plant and equipment increased as a net result of acquisition of subsidiaries of CZK 59.2 million, additions of CZK 596.5 million and depreciation charge of CZK 359.8 million. The most significant additions realized by the Group in 6M25 were represented by investments into the production machinery, returnable packages and vehicles. Inventories increased due to increased stock level. Trade and other receivables increased mainly due to higher trade receivables (CZK 97.0 million) which was driven by increased sales (seasonality). Increase of the Bank credits and loans is a result of the proceeds from loans (CZK 591.3 million), regular loan repayment (CZK 214.4 million), overdraft and FX revaluation. Other current liabilities decreased mainly as a result of lower provision for personal expenses. The Group's consolidated net debt (calculated as total non-current and current liabilities relating to credits, loans, leases and other debt instruments less cash and cash equivalents) amounted to CZK 4,704.0 million as at 30 June 2025, which represents an increase of CZK 750.3 million. Increase is caused by new tranches drawing. The Group's consolidated net debt / Adjusted LTM EBITDA as at 30 June 2025 was of 2.82 (as of 31 December 2024: 2.14). CASHFLOWS Cash flows from operating activities were lower by CZK 475.9 million mainly due weaker Group results compared to very strong prior period. Cash flows from investing activities were higher by CZK 908.9 million mainly due to lower cash outflows connected with acquisition of subsidiaries. Cash flows from financing activities were lower by CZK 1,058.0 million mainly due to lower cash inflows from drawings of bank loans. TRANSACTIONS WITH RELATED PARTIES THAT SUBSTANTIALLY INFLUENCED FINANCIAL PERFORMANCE There were no transactions with related parties that substantially influenced financial performance for the reported period ended 30 June 2025. MAIN RISKS ANDUNCERTAINTIES IN SUBSEQUENT PERIOD Kofola Group faces several risks and uncertainties that could impact our business performance. One of the primary risks continues to be the volatility in raw material prices, particularly sugar, fruit concentrates, and packaging materials, which may impact production costs. The economic instability in key markets can lead to increased costs for essential inputs. These fluctuations can adversely affect our margins if we are unable to pass on these cost increases to consumers through pricing adjustments. Consumer demand may be influenced by changing preferences, health trends, and economic conditions, including inflation and disposable income levels. Additionally, the Group faces risks related to regulatory changes, sugar taxation, and environmental regulations affecting packaging etc. The introduction of the sugar tax in Slovakia presents a significant risk to Kofola's sales and profitability in the region. Currently, the Group has a very solid financial position. It has sufficient cash balances and flexibility in its expenses. The Group also closely monitors the situation and create scenarios during its regular top management meetings. EXPECTED DEVELOPMENT IN SUBSEQUENT PERIOD In the second half of 2025, the CzechoSlovakia segment will focus on participating in selected major summer festivals and will fully exploit the potential of summer festivals and events to communicate with customers (e.g., Kofola Nñmesti lñsky, where weddings take place at festivals). Other brands prominent at festivals will be Semtex and Vinea. In the HoReCa segment, we will promote draught Kofola with a summer competition and the slogan "Pojd'na Kofolu". In our communication campaign, we will build on the new products launched in spring 2025 - in particular Korunni functional, EXTREM tangerine, the redesigned Kofola and the newest brands in our portfolio - Curiosa and Dilmah ICE TEA. In retail, we will focus on promoting unflavored waters, which are growing in popularity, especially in Slovakia, where a sugar tax was introduced this year. At the same time, we will focus fully on the Vinea brand, for which a full-format campaign called Mam Té / Ta rad (I love you) has been launched. In terms of investments, we plan to start construction of new warehouses at Mnichovo Hradi"sté and Rajeckñ Lesnñ plants with the aim of streamlining logistics processes in terms of time and costs. We do not expect any significant fluctuations in production costs and raw material and material costs in the second half of the year. We will continue to focus on cost optimization and streamlining internal and external processes across the entire Czechoslovak segment. The Adriatic segment has faced several challenges in the first half of the year, including a weaker-than- expected start to the main season. The implementation of higher taxation on sugar-sweetened beverages has also negatively impacted overall performance, with noticeable changes in consumer purchasing behavior. Despite these headwinds, we remain cautiously optimistic for the second half of 2025. We expect a recovery across both key channels - Retail and HoReCa - and will actively pursue further improvements in operational efficiency including on identifying potential savings and optimizing processes. We continue to support our core brands - Radenska, Studena, and other strategic trademarks - through planned marketing and promotional campaigns aimed at reinforcing brand visibility and driving consumer engagement. We believe that through strict cost discipline, commercial agility, and continued focus on our key brands, the Adriatic segment can return to a more positive performance by the end of the year. UGO is fulfilling revenue and EBITDA targets for the first 2025 half and is expecting the same positive and stable trend in the second half. Quick Service Restaurants division is planning to open a new Salaterie in place of the Freshbar in Slovakia and open a couple of new restaurants till the end of the year in the Czech Republic. Quick Service Restaurants division is continuing to increase revenues from delivery, to invest into digitalization and productivity. Retail division is focused into productivity and portfolio optimization topics. Leros had a very good first half of the year. We experienced stong first quarter which minimazed losses from our off season (May - July). We are very well prepared for the main season that starts in August and last till the end of the year. Our stores are 100% full of seasonal goods and the revenues of the first half of August show a really nice trend that should continue till the end of the year. As we are CZK 7 million ahead in EBITDA after the first 7 months, we believe to deliver at least budgeted EBITDA at the end of the year. Premium Rosa in the first half of the year was a bit struggling with its cost structure and a slight drop in sales compared to budget. However, we have taken corrective measures and is focusing on the main season (September - December). Despite the fact that we are slightly behind the budget in revenue as well as in EBITDA we will do our best to achive budgeted figures by the end of the year. Organizational integration and optimization of the breweries acquired in March 2024 was successfully completed in early 2025. This milestone positions the Beer & Ciders business segment to significantly expand its distribution across both retail and gastronomy channels in the Czech Republic, while also strengthening and growing its presence in export markets. To support this growth, the route-to-market strategy is being optimized, operational efficiencies are being implemented, and robust processes are being introduced to handle increased volumes. We are also increasing marketing investments, highlighted by the rebranding of Holba and Zubr, aimed at revitalizing their portfolios and increasing brand appeal. Despite some unfavorable weather forecasts, we remain focused on building upon the exceptionally strong results achieved in the second half of last year. ALTERNATIVE PERFORMANCE INDICATORS Even though ESMA (European Securities and Markets Authority) does not require a reconciliation of Alternative Performance Indicators (APM) to financial statements if the APM can be defined from the financial statements, we add such a reconciliation for better understanding of our calculation of EBITDA and Net debt. FS Line in PS Definition and reconciliation ofi APM to the finaneial statements (PSI Cost of (B) Statement of Profit or Loss Cost of marketing and (D) Statement of Profit or Loss marketing and Administrative (E) Statement of Profit or Loss Administrative Other operating income Bank credits and loans I Statement of Financial Bank credits and loans* K Statement of Financial liabilities* Net debt/EBITDA * In both current and non-current liabilities. Purpose o£ APM: A. EBITDA M/I The Company uses EBITDA because it is an important economic indicator showing a business's operating efficiency comparable to other companies, as it is unrelated to the Company's depreciation and amortisation policy, capital structure and tax treatment. EBITDA indicator is also treated as a good approximation for operating cash flow. Additionally, it is one of the fundamental indicators used by companies worldwide to set their key financial and strategic objectives. The Company uses EBITDA indicator also in budgeting process, benchmarking with its peers and as a basis for remuneration for key management staff. Such indicator is also used by stock exchange and bank analysts. 8. Net deL›t The Company uses Net debt indicator because it shows the real level of a Company's financial debt, i.e. the nominal amount of debt net of cash, cash equivalents, and highly liquid financial assets held by the Company. The indicator allows assessing the overall indebtedness of the Company. C. Net debt/EBI'FDA The Company uses Net debt/EBITDA indicator because it indicates a Company's capability to pay back its debt as well as its ability to take on additional debt to grow its business. Additionally, the Company uses this indicator to assess the adequacy of its capital structure and stability of its expected cash flows. Such indicator is also used by stock exchange and bank analysts. 3.1.1ODIVIDEi'4D POLICY In June 2024, the Board of Directors of the Company approved the Company's dividend policy for the periods of 2024 and 2025. The intention of the Board of Directors is to maintain the current trend and distribute approximately CZK 300 million to shareholders in each financial year. This currently represents approximately CZK 13.46 per share before tax. The realisation of this intention is conditional on sufficient funds being available for distribution (distributable resources) without jeopardising the Company's financial stability. This dividend policy was announced at the General Meeting on 28 June 2024. On 25th June 2025, the General Meeting of Kofola CeskoSlovensko a.s approved the payment of a dividend of CZK 21 per share before tax by an absolute majority of votes of all shareholders. The dividend amount paid out to the shareholders was reduced by the advanced dividend for 2024 in the amount of CZK 7.50 per share before tax paid out in October 2024 based on the decision of the Company's Board of Directors dated 8 October 2024. 3.1.11 OTHER IHFORMATIOH No other information that would require disclosures occurred. ‌SUBS£IQU£IHT £IV£II4TS In August 2025, the Group has drawn an acquisition tranche in the total amount of EUR 18.15 million. In August 2025, the Group became a 100% owner of VENDINCi, s.r.o. which owns 100% stake in ASO VENDING s.r.o. No other events have occurred after the end of the reporting period that would require adjusting the amounts recognised and disclosed made in the consolidated financial statements. ‌ ‌CONSOLIDATED STATEMENT OF PROFIT OR LOSS‌ for the 6-month period ended 30 June 2025 and 30 June 2024 in CZK thousand. Consolidated statement of profit or loss Note 6M25 6M24 (restated)" 2Q25 2£}24 (restated}" CZK'000 CZK'000 CZK'000 CZK'000 Revenue 4.2 5,064,626 5,118,578 2,971,541 3,067,156 Cost of sales 4.3 (2,768,510) (2,786,693) (1,538,705) (1,608,724) 2,296,116 2,331,885 1,432,856 1,458,432 Selling, marketing and distribution costs 4.3 (1,649,392) (1,453,738) (928,350) (859,832) Administrative 4.3 (351,929) (343,118) (189,366) (169,908) Other operating income 4.4 57,429 49,587 35,510 27,210 Other operating expenses 4.5 (52,650) (32,336) (25,933) (11,987) Operating proIit/(loss) 299,573 552,280 324,697 443,915 Finance income 4.6 37,871 23,501 15,746 13,117 Finance 4.7 (139,078) (184,646) (70,764) (69,552) Share of profit/(loss) of equity accounted investees 12,436 3,813 11,884 1,874 Profit/(loss) before income tax 21o,8o2 394,948 281,563 389,354 Income tax 4.8 (73,910) (115,699) (56,256) (80,513) Profit/(loss) for the period i.z 136,835 279,549 225,307 308,841 Attriloutalole of Kofola a.s. Non-controlling Earnings/(1ossJ per share for profit/(loss) attributable to the ordinary equity holders of the Company (in CZfg) 1.5 1.5 113,609 23,223 246,131 33,118 200,320 24,987 278,020 30,821 per 4.9 5.10 11.04 8.99 12.47 * MIXA VENDING (49%) acquired in Jan 8024 on management consolidated. During the final audit as of 31 Dec decided that the method. For that be classified as a comparative data for venture and the consolidation method was changed. The quarters have been is therefore using 'I' he aDove consolidated statement ot protJt or loss should Lie read i/? co/?junctJo/? with the accompanying notes. ‌i.2. coxsozinarzn srarzozar or orxzR courRzuzusIvz Incouz for the 6-month period ended 30 June 2025 and 30 June 2024 in CZK thousand. Consolidated statement of other comprehensive income Note 6M25 CZK'000 6M24 (restated)" CZK'000 2qz4 (restated)" CZK'000 CZK'000 Other comprehensive income Items that may be reclassified to protit oz loss: Exchange differences Exchange differences on translation of foreign Exchange differences on translation of foreign equity accounted (38,936) (40,480) 1,544 t9,ss< f2n,2s2j fr,zs?j 17,373 (23,776) (7,280) 2,281 (476) (457) Derivatives accounted through Other comprehensive income Derivatives - flow Deferred tax from flow hedges Other comprehensive income/(loss) for the period, net of taz 3'ota1 comprehensive income/(loss) for the period Attriloutalole 4.8 6,011 26,568 6,969 8,934 (7,609) 33,630 (8,822) 11,308 1,598 (7,062) 1,853 (2,374) fnn,9nzj ns,aaa fsi,aai) t,t9z 91,885 325,471 194,O86 309,193 Owners of Kofola i.s 68,662 292,353 169,099 279,216 Non-controlling 1.5 23,223 33,118 24,987 29,977 * MIXA VENDING (49%) acquired in Ian 2084 based on management fully During the final audit of 31 Dec 2084, was decided that the company be as a venture and the method changed. The company is therefore equity method. For that comparative data for quarters have been The above consolidated statement of other comprehensive income should be read in conjunction with the accompanying notes. ‌CONSOLIDAT£ID STAT£IM£INT OF FINANCIAL POSITION as at 30 June 2025 and 31 December 2024 in CZK thousand. Assets Note 30.06.2055 31.15.2OS4 CZK'000 CZK'000 Property, plant and equipment 4.10 4,7O6,192 4,410,318 Investment 31,188 31,760 Goodwill 4.11 809,181 780,942 Intangible 4.11 1,654,895 1,668,805 in equity accounted 202,205 19O,580 Other receivables 139,223 109,585 Loans provided to related parties 14,000 Deferred tax 4.8 46,0O1 54,182 Current assets 3,576,694 3,656,843 Inventories 1,179,947 941,884 Trade and other receivables 1,569,959 1,451,404 Income tax 48,908 3,556 and cash 1.4 777,880 1,229,999 Z•iabilities and equity Note 30.06.2025 31.12.2024 CZK'000 CZK'000 Equity attributable to owners of Kofola CesnoSlovensiio a.s. 1,771,349 1,690,641 Share capital 1,114,597 1,114,597 Share premium and capital (1,962,871) (1,962,871) Other 2,657,403 2,663,179 Foreign currency (23,866) 15,070 Own (439,304) (451,115) Retained earnings/(Accumulated deficit) 425,390 311,781 Equity attributable to non-controlling interests 349,548 333,367 3'otal equity 2,120,897 2,024,008 Non-current liabilities 5,322,411 4,759,869 Bank and 4.12 4,261,990 3,692,064 liabilities 311,418 299,390 88,141 74,053 Other liabilities 226,548 229,700 Deferred tax 4.8 434,314 444,662 Current liabilities s,zas,azt n,to9,iss Bank and 4.12 788,615 1,076,981 liabilities 119,820 115,236 92,787 223,461 Trade and other 4.t4 2,686,775 2,581,917 Income tax 48,274 111,543 Total liabilities 9,058,685 8,849,007 'T'he aDove co/?so/Jdated statement of fJna/?ciaJ pos tion should L›e read i/? conjunction w4th the accompany1ng notes. ‌CONSOLIDATED STATEMENT OF CASH FLOWS for the 6-month period ended 30 June 2025 and 30 June 2024 in CZK thousand. Consolidated statement ol cash Ilows Note 6M25 6M24 (restated3 CZK'000 CZK'000 Cash flows from operating activities* Profit/(loss) before income tax 210,802 394,946 Adjustments tor: Non-cash movements Depreciation and amortisation 4.3 359,828 296,598 Net interest 4.7 122,373 144,869 Share of result of equity accounted investees, net of tax (12,436) (3,327) of impairment) of non-current (3,748) (81) Change in the balance of (t15,4t1) (74,070) Change in the balance of other impairments (305) (24,109) Derivatives 4.7 11, 677 (gain)/loss on of Property, plant and equipment and Intang ible 4.5 (32,409) (11,661) Net exchange differences (32,453) 20,270 Other (38,744) 74,676 Income taxes paid (181,048) (169,735) Change in operating and liabilities Change in Change in Change in payables Net cash inflow/(outflow) from operating activities Cash flows from investing activities (165,237) (315,716) (234,022) (172,014) 213,869 417,958 1OZ,7S6 578,604 Sale of Property, plant and equipment 13,038 14,513 Acquisition of Property, plant and equipment and Intangible (528,578) (367,225) Acquisition of net of acquired (195,966) (1,280,035) Interest received 2,527 4,849 granted (14,000) (1,200) Proceeds from repaid 2,842 Other Net cash inflow/(outflow) from investing activities Cash flows from financing activities (72O,137) (1,629,098) payments (66,401) (68,352) Proceeds from loans and bank 591,258 1,196,678 Repayment of and bank Dividends paid to Interest paid (214,412) (124,803) (158,852) (149,719) 4.7 11,677 Terminated Dividends not drawn Transaction costs connected with loan financing Capital contribution** 4.7 392,000 Other (1,814) 18,402 Net cash inflow/(outflow) from financing activities 172,151 1,230,157 Effects ol exchange rate changes on cash and cash equivalents (6,869) 5, 690 The Group elected to present tJows trom operating the 1ndirect method. The ahove consolidated ot should he read in conjunction with the accompanying " Capital contribution to PI70VA RY TRIANGL s.r.o. ‌L5. CONSOLIDATEDSTATEMENTOFCHANGESINEQUITY for the 6-month period ended 30 June 2025 and 30 June 2024 (restated) in CZK thousand. Equity attributable to owners of Eofola CeskoS1ovensko a.s. Note Other reserves Total CZK'O00 CZK'O00 CZK'O00 CZK'O00 CZK'O00 CZK'000 CZK'O00 CZK'O00 CZK'000 Share capital shares interests Retained earnings/ (Accumulated deficit) Foreign currency translation reserve Total equity Share premium reorganisation reserve Consolidated statement of chaztges in equity Equity attributable to Total comprehensive income/(loss} fior the period Dividends Option scheme (6,011) l8,046 (38,936) 113,609 68,662 l8, 046 91,885 12,046 particitpants to option (11,811) 11,811 Non-controlling interests Transact ons w th owners in _ _ _ 11,811 - 18,046 (7,041) (7,041) 5,005 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. Equity attributable to owners of i£ofola CeskoSlovensko a.s. Total equity capital Other reserves CZK'O00 CZK'O00 CZK'O00 CZK'000 CZK'O00 CZK'O00 CZK'000 CZK'O00 CZK'000 Total shares Share Note Retained earnings/ (Accumulated deficit) Foreign currency translation reserve Share premium reorganisation reserve Consolidated statement of chaztges in equity Equity attributable to non-controMing interests Option scheme to option particitpants Non-controlling interests Transactions witlt owners in their capacity as owners 57,700 41,433 16,267 (300,941) (243,241) 392,539 57,700 39Z,539 149,298 'I' he above consoHdated statement of changes i/? equity should L›e read i/? co/?junctJo/? with the accompanying notes.

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