December 2025 FY26 Half Year Accounts

Lovisa Holdings Limited ACN 602 304 503

Level 1, 818 Glenferrie Road

Hawthorn VIC 3122

t +61 3 7042 6440

e info@lovisa.com lovisa.com

The following sets out the requirements of Appendix 4D with the stipulated information either provided here or cross referenced to the HY2026 Interim Financial Report which is attached.

1. Company details

   Company Name Lovisa Holdings Limited

   ACN 602 304 503

   Reporting Period 26 weeks ended 28 December 2025 Prior Half Year Reporting Period 26 weeks ended 29 December 2024 Prior Financial Year Ended 29 June 2025

2. Results for announcement to the market

   Comparison to the prior period (Appendix 4D items 2.1 to 2.3)	Increase/ Decrease	Change %	To A$'000s
   Revenue from ordinary activities	Increase	23.3%	500,651
   Profit after tax attributable to the members	Increase	2.6%	58,390
   Underlying Profit after tax attributable to the members1	Increase	21.5%	69,592

   Dividends / distributions (Appendix 4D item 2.4)	Amount per security	Franked amount per security
   Interim dividend for the 26 week period ended 28 December 2025 to be paid on 26th March 2026	53.0 cents	26.5 cents

   Record date for determining entitlement to the dividend (Appendix 4D item 2.5)

   6th March 2026

   1 Underlying results and metrics have been presented to enhance comparability of reported financial information and reflect performance excluding the impact of the start-up phase of the Jewells business, our potential second global brand, which contributed an EBIT loss of $10.8m for the period (1HFY25: $0.3m loss) and an NPAT loss of $11.2m (1HFY25: $0.3m loss). Underlying results and metrics have not been subject to auditor review.

   Brief explanation of the figures reported above necessary to enable the figures to be understood (Appendix 4D item 2.6)

   Please refer to the Operating and Financial Review contained in the attached interim financial report for detailed explanation of the financial performance and position of the Group for the period.

3. Dividends

   Please refer to note 3 of the attached interim financial report for details of dividends paid in the reporting period and prior period.

4. Dividend reinvestment plans

   Not applicable.

5. Net tangible asset per security

   	Current period	Previous period
   Net tangible asset backing per ordinary share	$0.93	$0.66

6. Entities over which control has been gained during the period

   Not applicable.

7. Details of associates and joint ventures

   Not applicable.

8. For foreign entities, which set of accounting standards has been used in compiling the report

   The results of all foreign entities have been compiled using International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board.

9. Dispute or qualification arising from auditor's review

Not applicable.

Signed on behalf of Lovisa Holdings Limited, on the 18th February 2026

Chris Lauder

Chief Financial Officer and Company Secretary

LOVISA HOLDINGS LIMITED

INTERIM

FINANCIAL REPORT

FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

ACN 602 304 503

For personal use only

B R I N G I N G B R I L LIAN T LY A FF O R DA BLE FA S H I O N

J E W E L L E RY TO T H E WOR L D

For personal use only

CONTENTS

Directors' Report 5

Consolidated Statement of Financial Position 8

Consolidated Statement of Profit or Loss 9

and Other Comprehensive Income

Consolidated Statement of Changes in Equity 10

Consolidated Statement of Cash Flows 11

Notes to the Consolidated Financial Statements 12

Directors' Declaration 20

Independent Auditor's Review Report 21

Lead Auditor's Independence Declaration 23

DIRECTORS' REPORT

For personal use only

DIRECTORS' REPORT

The Directors present their report on the consolidated entity consisting of Lovisa Holdings Limited and the entities it controlled ('the Group') at the end of, or during, the half year ended 28 December 2025.

1. OPERATING AND FINANCIAL REVIEW

The Lovisa Group's revenue for 1H FY2026 was $500.7m, an increase of 23.3% on 1H FY2025, reflecting growth in the store network and comparable store sales up 2.2% compared to 1H FY2025.

The Lovisa Group closed the half with 1,095 stores, with the global rollout of stores continuing with 85 new stores opened for the period, offset by 21 closures including 7 relocations.

Pleasingly the store rollout was able to be delivered across all regions, with 10 new stores in Australia/NZ, 4 in Asia, 14 in Africa/Middle East, 39 in Europe and 18 in the Americas. The growth in the store network has continued to set a solid foundation for ongoing growth in the business.

Gross Profit for the half year was $411.6m up 23.0% on the prior half year. Underlying1 Gross Profit for the half was $412.9m, an increase of 23.4% on the prior half year. Underlying1 Gross Margin for the half year was again a standout at 82.9% compared to 82.4% for the first half of the prior year, an increase of 50 basis points, benefitting from ongoing focus on product cost and inventory and improved management of store shrinkage.

We were able to continue to invest in the expansion of the Lovisa store network as well as the structures required to manage them effectively on an ongoing basis, including support teams, logistics and technology to drive a more efficient operating model, with costs invested in line with revenue growth for Lovisa stores. In addition to this, we were able to continue to invest in the start-up phase of the Jewells business.

Depreciation expense, including impairment expense and asset disposals, for the period was up 36.9% on the prior half year, impacted by the continued growth in the store network over the past year and investment in technology and supply chain infrastructure. Net Finance Costs were up 28.4%, reflecting the interest charge associated with higher lease liabilities, combined with higher borrowings and interest rates during the period.

Earnings Before Interest and Tax was $98.3m, up 8.9% compared to the prior half year, impacted by the startup investment into the Jewells brand of $10.8m. Lovisa Underlying1 Earnings Before Interest and Tax (excluding Jewells) was

$109.1m, up 20.4% compared to the prior half year. Lovisa Group net profit after tax was $58.4m, impacted by the startup investment into the Jewells brand. Lovisa Underlying1 Net Profit After Tax was $69.6m, up 21.5% compared to the prior half year.

The Group's balance sheet remains strong with net cash of

$12.0m at balance date. Inventory remains well managed, up 19.5% on December 2024, in line with growth in the store network and revenue. The Group's cash generated from operating activities before interest and tax was $183.8m compared to $141.1m for the prior half year.

Capital expenditure predominantly from new Lovisa stores and existing store refurbishments was $31.7m.

2. DIVIDENDS

Since the end of the half year, the Directors have resolved to pay an interim dividend of 53.0 cents per share 50% franked.

The interim dividend will be paid on 26 March 2026.

3. SUBSEQUENT EVENTS

Other than the dividend determined to be paid out as set out in note 3 to the Financial Statements, no matter or circumstance has arisen since 28 December 2025 that has signfiicantly affected, or may significantly affect:

1. the Group's operations in future financial years, or

2. the results of those operations in future financial years, or

3. the Group's state of affairs in future financial years.

   4. DIRECTORS

   The following persons were Directors of Lovisa Holdings Limited during the half year and up to the date of the report:

   Brett Blundy Non-Executive Director and Chairman

   John Cheston Chief Executive Officer

   Tracey Blundy Non-Executive Director

   Sei Jin Alt Non-Executive Director

   John Charlton Non-Executive Director Bruce Carter AO Non-Executive Director Mark McInnes Executive Deputy Chairman

   Nico van der Merwe Alternate Director to Brett Blundy

   5. AUDITOR'S INDEPENDENCE DECLARATION

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 23 and forms part of this Directors' Report.

1 Underlying results and metrics have been presented to enhance comparability of reported financial information and reflect performance excluding the impact of the start-up phase of the Jewells business, our potential second global brand, which contributed an EBIT loss of $10.8m for the period (1HFY25: $0.3m loss) and an NPAT loss of $11.2m (1HFY25: $0.3m loss). Underlying results and metrics have not been subject to auditor review.

DIRECTORS' REPORT

6. ROUNDING OF AMOUNTS

The Group is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to the 'rounding off' of amounts in the Directors' report and financial report. Amounts in the Directors' report and financial report have been rounded off in accordance with that Instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar.

Signed in accordance with a resolution of Directors

Brett Blundy

Non-Executive Chairman

John Cheston

Chief Executive Officer Melbourne, 18 February 2026

For personal use only

FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 28 DECEMBER 2025

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.

8

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying

notes. 9

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

AS AT 28 DECEMBER 2025

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

1. Summary of material accounting policies

   Lovisa Holdings Limited (the "Company") is a for-profit company incorporated and domiciled in Australia with its registered office at Level 1, 818 Glenferrie Road, Hawthorn, Victoria 3122. The consolidated financial statements comprise the Company and its subsidiaries (collectively the "Group" and individually "Group companies"). The Group is primarily involved in the retail sale of fashion jewellery and accessories.

   Lovisa Holdings Limited operates within a retail financial period. The current financial period was a 26 week period ending on 28 December 2025 (2025: 26 week period

   ending 29 December 2024).

   The principal accounting policies adopted in the preparation of this consolidated financial report are set out below. These policies have been consistently applied to all the periods presented except as described below.

   Basis of accounting

   This condensed consolidated interim financial report for the half year reporting period ended 28 December 2025 has been prepared in accordance with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001.

   This condensed consolidated interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 29 June 2025.

   Except as described below, the accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period.

   A number of other new standards are effective from 1 July 2025 but they do not have a material effect on the Group's financial statements.

   This condensed consolidated interim financial report has been prepared on a going concern basis of accounting. The Group continues to manage its liquidity risks (as described in the annual report for the year ended 29 June 2025) and the Group's undrawn credit facilities are detailed in note 8. The Group continues to be able to meet its financial obligations as and when they fall due and remains a going concern.

   Assumptions and estimation uncertainties

   In making estimates of future performance, key assumptions and judgements have been stress tested for the impacts of prevailing economic conditions.

   Global economic conditions have remained soft during the period and with a number of our markets continuing to experience above average levels of inflation and associated rising interest rates, this may slow demand and consumer spending across the broader global economy.

   In respect of these financial statements, the impact of the uncertainties arising from these economic conditions is primarily relevant to estimates of future performance, which is in turn relevant to the areas of impairment of non-financial assets.

   The following assumptions and judgements have been applied by the Group:

   • Sales forecasts have been estimated based on current trading performance adjusted for expectations of economic conditions on demand.

   • Gross margin and cost assumptions are based on known information.

     Impairment of property, plant and equipment, right-of-use assets and intangible assets and goodwill

     The carrying amounts of the Group's goodwill and indefinite life intangibles are tested for impairment at each reporting period. Property, plant and equipment and right-of-use assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset's recoverable amount is estimated in line with the calculation methodology listed below.

     Cash-generating units

     An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. A cash-generating unit (CGU) is the smallest identifiable asset group that generates cash flows that largely are independent from other assets and groups. Goodwill is tested at the level at which it is monitored, identified by the Group as the country level. Key money is tested at the store level. Property, plant and equipment and right-of-use assets are tested at the store level when there is an indication of impairment.

     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

     FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

     1 Summary of material accounting policies (continued) Impairment (continued)

     Calculation of recoverable amount

     The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. Sensitivity analysis is performed on this modelling by using a range of discount rates reflecting the potential risk of variability in the underlying forecasts or regional or market specific risks.

     Cash flow forecasts

     Cash flow forecasts are based on the Group's most recent plans and are based on expectations of future outcomes having regard to market demand and past experience, incorporating individual trading environment and risks specific to the CGU. For store level tests, cash flow forecasts are modelled for the length of the lease, identified as the essential asset for store CGUs. No terminal value is reflected in store level tests.

     Discount rates

     The Group applies a post-tax discount rate to post-tax cash flows. The post-tax discount rates incorporate a risk-adjustment relative to the risks associated with the specific CGU (geographic position or otherwise), with a high and low range used to apply sensitivity analysis to the cash flow modelling.

     Key assumptions for the impairment testing carried out at 28 December 2025

     Stores with indicators of impairment at 28 December 2025 were identified in certain of the Group's markets, requiring more detailed testing for certain stores. The following key assumptions were utilised for this impairment testing:

     • Discount rate by country applied based on a high and low range to provide sensitivity analysis. The discount rates applied to store tests in these countries were in the range of 10% to 15% pre-tax.

     • Growth rate based on expected impact of short-term considerations, and subsequent sales profile by market as detailed under Assumptions and estimation uncertainties above, with a longer term growth rate assumption of 3% in relation to sales and costs to allow for inflationary impacts until the end of the lease term which is considered to be the essential asset. No terminal value is included in discounted cash flow modelling at store level.

   As a result of this testing, $1.9m of impairment expense ($1.9m after tax) (29 December 2024: $1.1m) was recognised for store fit-out, lease right-of-use assets, and key money for the half year ended 28 December 2025 and is included in the consolidated statement of profit or loss and other comprehensive income. Refer to notes 4, 5, and 6 for further detail.

   Reversals of impairment

   An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in previous years are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognised.

   During the half year ended 28 December 2025, impairment reversals of $0.1m ($0.1m after tax) (29 December 2024:

   $0.5m) were included within the consolidated statement of profit or loss and other comprehensive income.

   2 Operating segments
   1. Basis for segmentation

      The Chief Operating Decision Maker (CODM) for Lovisa Holdings Limited and its controlled entities, is the Global Chief Executive Officer (CEO). For management purposes, the Group is organised into geographic segments to review sales by territory as the CODM relies primarily on revenue to assess the performance of the segment and make decisions about resources to be allocated.

      All territories offer similar products and services and are managed by sales teams in each territory reporting to regional management, however overall company performance is managed on a global level by the Global CEO and the Group's management team. Store performance is typically assessed at an individual store level. The individual stores are operating segments but meet the aggregation criteria to form reportable segments at a geographic level.

      The Group's stores exhibit similar long-term financial performance and economic characteristics within each geography, which include:

      1. Consistent product offerings;

      2. All stock sold utilises common design processes and products are sourced from the same supplier base; and

      3. Customer base is similar.

   2. Geographic information

      The segments have been disclosed on a regional basis consisting of Australia and New Zealand, Asia (Singpaore, Malaysia, Hong Kong, Taiwan, China and Vietnam), Africa (South Africa, Botswana, Namibia, Zambia, and United Arab Emirates), Americas (United States of America, Canada, and Mexico), and Europe (United Kingdom, Spain, France, Luxembourg, Belgium, Germany, Netherlands, Austria, Switzerland, Poland, Italy, Hungary, Romania and Ireland) and the Group's franchise stores in the Middle East, Africa, and South America.

      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

      FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

2. Operating segments (continued)
   1. Revenue by nature and geography

   In presenting the following information, segment revenue has been based on the geographic location of customers.

   ($000s)	28 December 2025	29 December 2024
   Sale of Goods	109,508
   Australia / New Zealand		115,152
   Asia	19,284	19,266
   Africa / Middle East	36,584	31,181
   Europe	193,526	137,020
   Americas	140,591	102,155
   Total Sale of Goods	499,493	404,774
   Franchise Revenue
   South America	387	198
   Africa / Middle East	771	954
   Total Franchise Revenue	1,158	1,152
   Total Revenue	500,651	405,926

   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

3. Dividends
   1. Dividends provided for or paid during the half year

      ($000s)	28 December 2025	29 December 2024
      27.0 cents per qualifying ordinary share, unfranked (2025: 37.0 cents, unfranked)	29,897	40,965

   2. Dividends not recognised at the end of the half year

      After the reporting date, the following dividends were proposed by the Board of Directors. The dividends have not been recognised as liabilities and there are no tax consequences.

      ($000s)	28 December 2025	29 December 2024
      53.0 cents per qualifying ordinary share, 50% franked (2025: 50.0 cents, unfranked)	58,691	55,358

4. Property, plant and equipment

   Consolidated ($000s)	Leasehold improvements	Hardware and software	Fixtures and fittings	Total
   Cost
   Balance at 30 June 2025	296,539	25,918	3,287	325,744
   Additions	33,540	3,922	41	37,503
   Disposals	(3,861)	(129)	-	(3,990)
   Effect of movements in exchange rates	(5,807)	(97)	32	(5,872)
   Balance at 28 December 2025	320,411	29,614	3,360	353,385
   Accumulated depreciation
   Balance at 30 June 2025	(149,286)	(16,292)	(3,016)	(168,594)
   Depreciation	(20,561)	(1,692)	(124)	(22,377)
   Impairment recognised	(1,855)	-	-	(1,855)
   Impairment reversed	-	-	-	-
   Disposals	2,504	119	-	2,623
   Effect of movements in exchange rates	2,781	76	(24)	2,833
   Balance at 28 December 2025	(166,417)	(17,789)	(3,164)	(187,370)
   Carrying amounts
   At 29 June 2025	147,253	9,626	271	157,150
   At 28 December 2025	153,994	11,825	196	166,015

   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

5. Intangible assets and goodwill

   Consolidated ($000s)	Key Money	Goodwill	Total
   Balance at 30 June 2025	2,870	2,108	4,978
   Additions	146	-	146
   Amortisation	(20)	-	(20)
   Impairment	(89)	-	(89)
   Disposals	-	-	-
   Effect of movements in exchange rates	(62)	72	10
   Balance at 28 December 2025	2,845	2,180	5,025

6. Right-of-use assets

   Consolidated ($000s)	Right-of-use assets - property
   Cost
   Balance at 30 June 2025	677,714
   Additions	43,260
   Re-measurement of lease liabilities	9,101
   Effect of movements in exchange rates	(14,626)
   Balance at 28 December 2025	715,449
   Accumulated depreciation
   Balance at 30 June 2025	(317,975)
   Depreciation charges	(43,733)
   Impairments	(17)
   Effect of movements in exchange rates	6,362
   Balance at 28 December 2025	(355,363)
   Carrying amounts
   At 29 June 2025	359,739
   At 28 December 2025	360,086

   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

7. Provisions

   Consolidated ($000s)	Site restoration	Return provision	Total
   Balance at 30 June 2025	13,550	768	14,318
   Provisions made during the period	1,158	506	1,664
   Provisions used during the period	(249)	(1)	(250)
   Effect of movement in exchange rates	(303)	(22)	(325)
   Balance at 28 December 2025	14,156	1,251	15,407
   Current	1,916	1,251	3,167
   Non-current	12,240	-	12,240
   	14,156	1,251	15,407

8. Loans and borrowings

   		28 December 2025 Facility Amount Limit Drawn		29 June 2025 Facility Amount Limit Drawn
   Consolidated ($000s)	Year of maturity
   Cash advance facility	2029	120,000	58,500	100,000	77,000

   The Group holds the following lines of credit with its lenders ("the facilities"):

   • $120 million committed revolving cash advance facilities (29 June 2025: $100 million);

   • $47 million uncommitted multi-option trade finance and contingent liability facilities available for the issuance of global letters of credit and bank guarantees and import/trade finance (29 June 2025: $45 million).

   • $3 million committed bank overdraft facility (29 June 2025: nil).

   The above facilities are unsecured and are subject to customary covenants and undertakings. The Group has been in compliance with these requirements through the half year ended 28 December 2025 (29 June 2025: compliant). These facilities were amended and extended during the half year ended 28 December 2025, extending the maturity date to 30 January 2029 and providing improved terms including the removal of security requirements previously in place.

   In addition to the above facilities, the Group holds lines of credit in certain of its overseas markets which are solely for the purpose of providing bank guarantees as security for store lease agreements.

   Credit facilities for bank guarantees in Belgium (EUR 600,000), Switzerland (CHF 550,000) and the UK (in relation to Jewells Retail Limited - GBP 1.5 million) are unsecured and subject to annual credit reviews.

   Facilities with other banks are secured either by standby letters of credit or restricted savings accounts, that is they are cash collateralised.

   Refer to note 11(a) for guarantees outstanding at 28 December 2025.

9. Lease liability

   Consolidated ($000s)	Total
   Balance at 30 June 2025	422,643
   Liability recognised during the period	45,227
   Re-measurement of lease liabilities	9,909
   Lease payments	(55,286)
   Interest	10,022
   Effect of movement in exchange rates	(9,779)
   Balance at 28 December 2025	422,736
   Current lease liability	87,252
   Non-current lease liability	335,484
   	422,736

   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   FOR THE 26 WEEKS ENDED 28 DECEMBER 2025

10. Related parties

    Consolidated ($000s)	Transaction values for the 26 weeks ended 28 December 2025 29 December 2024		Balance outstanding as at 28 December 2025 29 December 2024
    Expenses	1,212	243	-	-

    Included in expenses in the period is $120,000 relating to Directors fees for Brett Blundy in his capacity as Non-Executive Director and Chairman of the Company (29 December 2024: $120,000) and $1,000,000 (29 December 2024: nil) relating to Director fees for Mark McInnes in his capacity as Executive Deputy Chairman of the Company. Transactions between the Lovisa Group and BB Retail Capital and its related parties have been disclosed above due to BB Retail Capital continuing to be in a position of holding significant influence in relation to the Group, with representation on the Board of Directors. Lovisa has, and will continue to benefit from the relationships that its management team and BB Retail Capital have developed over many years of retail operating experience. During the period, BBRC has recharged expenses relating to travel and conferences attended by Lovisa executives and professional fees. Expense recharges are priced on an arm's length basis. The Group will continue to utilise BBRC Retail Capital's retail operating experience on an arm's length basis.

    All outstanding balances with other related parties are priced on an arm's length basis and are to be settled in cash within two months post the end of the reporting period. None of the balances are secured. No expense has been recognised in the current period or prior period for bad or doubtful debts in respect of amounts owed by related parties.

11. Capital commitments and contingencies

    1. Guarantees

       The Group has guarantees outstanding to landlords and other parties to the value of $22,745,000 at 28 December 2025 (29 June 2025: $20,017,000). These are drawn against the bank guarantee facilities described in note 8.

    2. Capital commitments

       The Group is committed to incur capital expenditure of $594,000 (29 June 2025: $679,000).

    3. Contingent liabilities

       A Group company was served with a representative class action proceeding that was filed in the Federal Court of Australia on 23rd of January 2025 on behalf of retail store team employed by the Group in Australia from 23rd January 2019 to 23rd January 2025. The applicants are represented by Adero Law.

       The premise of the proceeding is that the Lovisa Enterprise Agreement 2014 and the Lovisa Enterprise Agreement 2022 applied to the applicants and that there were alleged underpayments under those agreements together with alleged associated contraventions of the Fair Work Act 2009 (Cth).

       The Group is defending the proceeding. It is not possible to determine the ultimate impact of this claim, if any, on the group. No provision has been recognised in respect of the period ending 28 December 2025.

       There are no other contingent liabilities that existed at 28 December 2025 (29 June 2025: no other).

12. Events occurring after the reporting period

Refer to note 3 for dividends recommended since the end of the reporting period.

There are no other matters or circumstances that have arisen since the end of the reporting period which significantly affected or may significantly affect the operations of the Group, the result of those operations, or the state of affairs of the Group in future financial years.

SIGNED REPORTS

For personal use only

DIRECTORS' DECLARATION

Signed in accordance with a resolution of the Directors.

John Cheston

Chief Executive Officer Melbourne

18 February 2026

INDEPENDENT AUDITOR'S REVIEW REPORT TO THE MEMBERS OF LOVISA HOLDINGS LIMITED

Independent Auditor's Review Report

To the shareholders of Lovisa Holdings Limited

We have reviewed the accompanying Interim Financial Report of Lovisa Holdings Limited.

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the Interim Financial Report of Lovisa Holdings Limited does not comply with the Corporations Act 2001, including:

• giving a true and fair view of the Group's financial position as at 28 December 2025 and of its performance for the Interim Period ended on that date; and

• complying with Australian Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

  The Interim Financial Report comprises:

• Consolidated Statement of Financial Position as at 28 December 2025

• Consolidated Statement of Profit or Loss and Other Comprehensive Income, Consolidated Statement of Changes in Equity and Consolidated Statement of Cash Flows for the Interim Period ended on that date

• Notes 1 to 12 comprising material accounting policies and other explanatory information

• The Directors' Declaration.

The Group comprises Lovisa Holdings Limited (the Company) and the entities it controlled at the Interim Period's end or from time to time during the Interim Period.

The Interim Period is the 26 weeks ended on 28 December 2025.

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor's Responsibilities for the Review of the Interim Financial Report section of our report.

We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the Accounting Professional and Ethical Standards Board Limited (the Code) that are relevant to our audit of the annual financial report in Australia. We have fulfilled our other ethical responsibilities in accordance with these requirements.

KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation. Liability limited by a scheme approved under Professional Standards Legislation.

INDEPENDENT AUDITOR'S REVIEW REPORT TO THE MEMBERS OF LOVISA HOLDINGS LIMITED (CONTINUED)

The Directors of the Company are responsible for:

• the preparation of the Interim Financial Report that gives a true and fair view in accordance with

  Australian Accounting Standards and the Corporations Act 2001

• such internal control as the Directors determine is necessary to enable the preparation of the Interim Financial Report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Our responsibility is to express a conclusion on the Interim Financial Report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the Interim Financial Report does not comply with the Corporations Act 2001 including giving a true and fair view of the Group's financial position as at 28 December 2025 and its performance for the Interim Period ended on that date, and complying with Australian Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

A review of an Interim Period Financial Report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG Trent Duvall

Partner

Melbourne

18 February 2026

LEAD AUDITOR'S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001

Lead Auditor's Independence Declaration under Section 307C of the Corporations Act 2001

To the Directors of Lovisa Holdings Limited

I declare that, to the best of my knowledge and belief, in relation to the review of Lovisa Holdings Limited for the half-year ended 28 December 2025 there have been:

1. no contraventions of the auditor independence requirements as set out in the

   Corporations Act 2001 in relation to the review; and

2. no contraventions of any applicable code of professional conduct in relation to the review.

KPMG Trent Duvall

Partner

Melbourne

18 February 2026

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CORPORATE DIRECTORY

Company Secretary

Chris Lauder

Principal Registered Office

Lovisa Holdings Limited

Level 1, 818 Glenferrie Road

Hawthorn VIC 3122

+61 3 7042 6440

Location of Share Registry

MUFG Corporate Markets Tower 4

727 Collins Street

Melbourne Victoria 3000

+61 1300 554 474

Stock Exchange Listing

Lovisa Holdings Limited (LOV) shares are listed on the ASX.

Auditors

KPMG

Tower 2, Collins Square 727 Collins Street

Melbourne Victoria 3000

Website

lovisa.com