Safilo S p A : FY 2025 RESULT PRESENTATION

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

2 0 2 5 R E S U L T S MARCH 12, 2026 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. 2025 RESULTS 2 2025: A YEAR OF RESILIENT GROWTH AND VALUE CREATION "2025 was a year in which Safilo demonstrated its ability to grow and create value, even in a complex global environment shaped by geopolitical tensions, market volatility, and tariff pressures. The quality of our brand portfolio, combined with our geographical diversification and adaptability, supported our revenues and the improvement of all key economic and financial indicators." Angelo Trocchia, CEO 2025 RESULTS 3 2025 HIGHLIGHTS Steady net sales growth: +1.8% at cFX, +2.6% organic (ex-Lenti) Europe and North America delivered growth each quarter, driven by resilient demand for prescription frames across wholesale channels and broad-based strength across the brand portfolio Gross margin reached ~61%, marking another meaningful step-up Adjusted EBITDA margin improved to 10.6%, returning profitability to the highest levels of the past decade Stronger margins and effective working-capital management boosted Cash Flow generation to 68.1 €M (ex investments/disinvestments) Improved financial structure enabled reduction in net debt to 46.1 €M, after ~18 €M share buyback 2025 RESULTS 4 PERFORMANCE ACROSS HOME BRANDS David Beckham: exceptional global growth, driven by strong product performance and high-impact retail activations Blenders: challenging U.S. e-commerce market, but strengthened fundamentals with encouraging gains in the wholesale channel Polaroid: softer sunglasses season in parts of Europe, while visibility and brand reach increased through the ATP Tour partnership Carrera: strong, broad-based growth across key markets, boosted by women's expansion and a successful NYC campaign Smith: healthy, DtC-led growth and continued leadership in U.S. winter sports, with growing traction in Europe 2025 RESULTS 5 PROGRESS IN LICENSED BRANDS Renewals: Dsquared2, Under Armour, Carolina Herrera, Pierre Cardin ~ 95% licensed portfolio secured through 2030 New 10 - year agreement with Victoria Beckham enhances luxury women's segment 2025 RESULTS 6 SUSTAINABILITY PROGRESS Emissions reduction roadmap progressing on track 100% renewable electricity achieved across all operations Safilo included in CDP Leadership List with A- rating 2025 RESULTS 7 TOTAL SALES 983.4 €M , -1.0% +1.8% @cFX, +2.6% organic Q4 +0.4% @ cFX, +1.9% organic Robust prescription frames demand across geographies Sport, contemporary & lifestyle brands gained traction across key markets, from Carrera, Smith, David Beckham to leading licenses Tommy Hilfiger, Marc Jacobs, BOSS, Kate Spade, and Carolina Herrera Wholesale mid-single-digit growth; online stable at 16% of sales 2025 RESULTS 8 EUROPE 423.9 €M , +2.3% +2.7% @cFX Q4 +0.7% @ cFX, resilient performance despite headwinds: lower product-supply volumes, deconsolidation of Lenti, and phasing of some deliveries pulled forward into Q3 Q4/FY organic growth up mid-single-digit, with France leading the increase and Turkey and Poland among the fastest-growing countries Broad-based growth across the brand portfolio. Slight softness in Polaroid's sunglasses Strong customer connection thanks to You&Safilo BtB platform improving service levels and enhancing daily customer interactions 2025 RESULTS 9 NORTH AMERICA 417.6 €M , -2.6% +1.8% @cFX Q4 +1.5% @ cFX. Wholesale channel up mid-single-digit every quarter: strong momentum from Tommy Hilfiger, Hugo Boss, Marc Jacobs, David Beckham, and Kate Spade Sunglasses faced pressure at entry price points due to a highly promotional market, affecting Blenders' e-commerce performance Smith delivered a solid year, powered by the expansion of its DtC channel, now about 40% of sales Sales to physical sports shops softened in Q2-Q3 due to temporarily limited imports of winter goods from China. Most volumes recovered in Q4 2025 RESULTS 10 ASIA & PACIFIC 59.3 €M , +1.3% +4.8% @cFX Q4 -11.5% @ cFX, normalization after the strong recovery seen through most of the year FY sales growth was led primarily by distributor-driven markets Australia delivered double-digit growth, supported by Carrera's performance, with targeted brand-building initiatives, including the successful launch of women's collections Tommy Hilfiger continued to gain traction and broaden its market footprint in the region 2025 RESULTS 11 2025 RESULTS REST OF THE WORLD 82.6 €M , -10.0% -4.5% @cFX Q4 +3.9% @ cFX, signs of recovery, softening an otherwise difficult year Slowdown in India and lower sales to distributors in the Middle East, due to geopolitical tensions and more cautious purchasing behavior Mexico held up well, supported by Carrera and Carolina Herrera, and relatively stable consumer spending Business in Brazil slowed down, impacted by weaker demand and a less dynamic distribution environment 12 GROSS MARGIN 599.3 €M , +1.1% 60.9%, +120 bps Q4 at 61.9%, +240 bps Successful mitigation of tariff pressures via pricing and sourcing rebalancing Lower contribution from lower-margin activities improved mix, especially in Q4 Reduced obsolescence from better planning & lower inventories FX tailwind from USD weakness, thanks to our dollar-denominated sourcing 2025 RESULTS 13 ADJUSTED 1 EBITDA 104.2 €M , +12.0% 10.6%, +120 bps Q4 at 8.8%, +130 bps Successful convertion of gross-margin gains into solid operating performance Selling expenses down 3.5%, driven mainly by a reduction in logistics costs Marketing investments normalised through the year, returning to a stable ~12.7% of sales G&A expenses up 4.3%, reflecting higher IT/SaaS investments to strengthen front-end sales-force tools and provisions for doubtful accounts in certain emerging markets 2025 RESULTS 14 ADJUSTED 1 NET PROFIT 44.6 €M, +30.4% 4.5%, +110 bps Financial charges nearly halved, dropping from €16.3M to €8.3M, thanks to both lower net debt and a more favourable trend in exchange-rates differences Stronger gross margin, disciplined cost management, and a healthier financial structure collectively drove a clear improvement in the bottom line 2025 RESULTS 15 FREE CASH FLOW 55.1 €M vs 16.7 €M Robust economic results and prudent WC management (tight Q2 inventory control following decision to limit imports from China in a high-tariff context) boosted operating cash generation H1also benefited from €11.9M proceeds from the sale of Lenti S.r.l. Q4 recorded a 9.1 €M outflow, entirely due to ~24.9 €M purchase of a 25% stake in Inspecs Group. Excluding this, underlying cash generation was positive, at ~16 €M Net of this purchase and the sale of Lenti, FCF reached 68.1 €M vs 47.8 €M underlying FCF in 2024 2025 RESULTS 16 NET DEBT 46.1 €M vs 82.7 €M 6.6 €M pre-IFRS16 vs 40.3 €M Year-end net debt decreased to 46.1 €M, after 18 €M share-buyback Programme, which brought Safilo's treasury shares to 5.6% of total share capital Net debt pre-IFRS 16 stood at 6.6 €M, highlighting a structurally stronger balance sheet and improved financial flexibility 2025 RESULTS 17 LOOKING TO 2026 Start of year in line with 2025 exit trends Geopolitical landscape remains complex, with rising uncertainty in March Continued focus on brand building, innovation & quality of relationships Financial discipline and agility remain our core operating principles 2025 RESULTS 18 LOOKING TO 2026 New Share Buyback Programme Maximum of 10M shares, equal to ~2.5% of the outstanding capital 2025 RESULTS 19 Q & A

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