Safilo S p A : FIRST 9 MONTHS 2025 TRADING UPDATE

About this update from Safilo Group S.p.a.

Q 3 / 9 M 2 0 2 5 T R A D I N G U P D A T E NOVEMBER 4, 2025 D I S C L A I M E R This presentation may contain forward looking statements based on current expectations and projects of the Group in relation to future events. Due to their specific nature, these statements are subject to inherent risks and uncertainties, as they depend on certain circumstances and facts, most of which being beyond the control of the Group. Therefore actual results could differ, even to a significant extent, with respect to those reported in the statements. Q3/9M 2025 TRADING UPDATE 2 ANOTHER QUARTER OF STEADY SALES GROWTH WITH STRONG MARGINS AND CASH FLOW IMPROVEMENT "In the third quarter, we confirmed the solidity of our performance, with steady top-line growth at constant exchange rates and further improvement in margins and cash generation. In an environment of continued macroeconomic uncertainty and tariff pressures, these results strengthen our confidence in the Group's ability to navigate complexity and deliver long-term, sustainable growth." Angelo Trocchia, CEO Q3/9M 2025 TRADING UPDATE 3 Q3 2025 HIGHLIGHTS Steady pace of sales growth: +2.1% at constant exchange rates, supported by positive performance of contemporary and lifestyle brands Mixed regional dynamics: North America in line vs Europe up high single-digits Continued margins improvement despite tariff pressure: adj. EBITDA margin at 10%, +210bps Robust Q3 cash generation leading to €64 M FCF in 9M First-ever Net Debt positive (pre-IFRS 16) Q3/9M 2025 TRADING UPDATE 4 TOTAL SALES PERFORMANCE Q3 2025 9M 2025 220.8 €M, -2.1% +2.1% @cFX 758.4 €M, +0.1% +2.2% @cFX Intensified forex headwinds mainly due to US dollar depreciation Sales growth at constant exchange rates consistent with H1 performance Brand momentum driven by Carrera, David Beckham, Marc Jacobs, BOSS, Carolina Herrera and now also Kate Spade Blenders' e-commerce and Smith's sport products in physical stores still soft Prescription frames remained a solid growth driver everywhere, while sunglasses rebounded in Europe Q3/9M 2025 TRADING UPDATE 5 EUROPE Q3 2025 9M 2025 +7.7% @cFX +3.2% @cFX Prescription frames strongly outperformed, also supported by a favourable phasing of deliveries. Sunglasses rebounded, notably in Italy Robust demand from independent opticians and chains, with the You&Safilo BtB platform gaining further traction France was again the top-performing market, with strong growth from international brands and regional successes like Isabel Marant Germany remained solid within independent opticians and IPPs, while Poland and Turkey continued to outperform Q3/9M 2025 TRADING UPDATE 6 NORTH AMERICA Q3 2025 9M 2025 +0.1% @cFX +1.9% @cFX North America showed a mixed performance, with flat sales at constant exchange rates amid channel-specific dynamics Smith saw strong direct-to-consumer growth, while sales to physical stores were impacted by the ongoing recovery of sports product shipments from China Eyewear wholesale grew mid-single digit, supported by solid demand from chains and independent opticians, with key brands driving momentum Blenders' e-commerce remained under pressure, affected by intense promotional activity in the value-for-money segment Q3/9M 2025 TRADING UPDATE 7 ASIA & PACIFIC Q3 2025 9M 2025 +7.8% @cFX +12.4% @cFX Sales in Asia & Pacific sustained positive momentum Growth was led by distributor-driven markets, with Tommy Hilfiger, BOSS and HUGO as key brand contributors Australia delivered a strong performance, supported by Carrera's brand-building initiatives and Smith's ongoing development Q3/9M 2025 TRADING UPDATE 8 REST OF THE WORLD Q3 2025 9M 2025 -13.0% @cFX -6.8% @cFX Performance in the RoW continued to be affected by challenges in India and a difficult market environment for Middle Eastern distributors Mexico demonstrated resilience, with positive sales to independent opticians Top-performing brands included Tommy Hilfiger, BOSS, and David Beckham Q3/9M 2025 TRADING UPDATE 9 GROSS MARGIN PERFORMANCE Q3 2025 9M 2025 59.7%, +60 bps 60.6% ,+90 bps Mitigation actions helped offset most of the tariff pressures, protecting profitability Favorable price/mix dynamics, though less than in Q2 Positive foreign exchange impact supporting year-on-year improvement Q3/9M 2025 TRADING UPDATE 10

View stock analysis, news, and events for Safilo Group S.p.a.