Fourlis Holdings S.a. · ATHEX:FOYRK
Fourlis — Shareholder Meeting (June 2026)
34 slides from Fourlis's shareholder meeting presentation, June 2026
Slide 1: Annual General Shareholders Meeting
Annual General Shareholders Meeting June 2026
Slide 2: Key Strategic Developments
Key Strategic Developments ▪ Trade Estates deconsolidation ▪ Foot Locker acquisition & expansion ▪ INTERIKEA Distribution Center in progress ▪ Network expansion across the Group’s brands ▪ Operational transformation 2
Slide 3: Key milestones achieved & upcoming openings reinforce IKEA's reach & growth potential
Key milestones achieved & upcoming openings reinforce IKEA’s reach & growth potential 2025 ▪ New IKEA store at Heraklion (10.000 sq.m) • replaced a Pickup & Order point. • increased visitorship as part of Trade Estates Top Parks. ▪ New Plan & Order studio in Pernik, Bulgaria. • Strengthens coverage
Slide 4: Strengthening Intersport and scaling Foot Locker
Strengthening Intersport and scaling Foot Locker Foot Locker @ Ermou, Athens, Greece Foot Locker ▪ 8 new stores within 2025 is expanding the Group’s presence ▪ Launch of the world’s first Intersport Football Club store, a new concept leading in the athleisure to increased traffic and engagement. spo
Slide 5: Financial Performance FY 2025
Financial Performance FY 2025 5
Slide 6: FY '25 Strong Financial Performance
FY ‘25 Strong Financial Performance Sales +12% PBT at €29.6 mil. €21 mil. at €594 mil. 5.0% margin Contribution from Associates EBIT +15% 2.6x at €30.7 mil. €9.2 mil. Total Net Debt/EBITDA-adj. Shareholder Returns 5.2% margin Double-digit revenue growth and strengthened profitability in FY ’25, supp
Slide 7: Operational performance
Operational performance Sales* EBIT* +8% CAGR +27% CAGR +10% +2% +12% +41% +27% +15% 35 10.0% L-f-L +6% 30.7 9.0% 30 26.7 8.0% 25 7.0% 21.1 6.0% 20 5.0% 14.9 5.0% 5.2% 594 15 530 4.0% 522 4.0% 474 3.0% 10 3.1% 2.0% 5 1.0% 0 0.0% 2022 2023 2024 2025 2022 2023 2024 2025 7 Group EBIT EBIT margin Estate
Slide 8: Operational performance per business unit
Operational performance per business unit Sales EBIT* +7% +22% +3% +65% +3% +42% L-f-L +4% L-f-L +9% 369 27.0 27.8 346 221 181 6.3 3.8 -1.7 -1.0 Home Furnishings Sporting Goods -2.4 -2.3 2024 2025 Home Furnishings Sporting Goods Health & Wellness FH & other 2024 2025 1% EBIT* margin 7.8% 7.5% 37% 2.
Slide 9: Investing to support Profitable Growth
Investing to support Profitable Growth Capex investments Discipline and prioritization in capex investments €18.7 m. €17.6 m. €25.1 m. €26.3 m. 30 11.0% capex split FY ‘25 25 2.2 2.7 9.0% 3.5 20 6.1 7.0% 14% 19% 5.2 2.2 8.5 15 5.0% 4.7 4.7% 4.0% 4.4% 10 3.0% 8.8 3.4% 17 12 22% 5 11 1.0% 44% 5 0 -1.0
Slide 10: Maintaining a healthy balance sheet & returning value to shareholders
Maintaining a healthy balance sheet & returning value to shareholders Shareholders Remuneration Net debt 110 102.5 7.0 93.2 90 84.8 85.6 6.0 1.9 1.4 5.0 3.1 70 5.1 1.1 4.0 50 3.0 7.8 7.7 3.1 5.9 6.3 30 2.7 5.4 5.7 2.6 2.0 5.0 4.2 10 1.0 2.1 -10 2022 2023 2024 2025 0.0 2017 2018 2019 2020 2021 FY '22
Slide 11: Value creation from Associates
Value creation from Associates Strong earnings and cash contribution from strategic participations Income from Associates (€ mil.) Trade Estates 700 60 17.5 601.5 600 541.5 50 500 486.0 40 400 340 8.6 298.4 311.9 30 300 5.7 20 200 22.0 2.7 3.5 1.4 0.8 1.6 100 15.2 10 8.9 0 0 Q1 '25 H1 '25 9M '25 FY
Slide 12: Governance & Sustainability
Governance & Sustainability Institutional Shareholder Base Fourlis Family; 30% Robust Corporate Governance Framework & Alignment with Shareholder Value Creation Quest Management; 1% Hold IM ▪ Majority independent Board members Institutional Investors; ▪ Fully independent Audit and Nomination & Remun
Slide 13: Building Fourlis Group Retail Platform
Building Fourlis Group Retail Platform 13
Slide 14: Building Fourlis Group Retail Platform
A platform enabling Fourlis Group Building Fourlis Group Retail Platform to operate & scale retail concepts faster & more efficiently across Southeast Europe RETAIL CONCEPTS FOURLIS GROUP RETAIL SOUTHHEAST PLATFORM EUROPE MARKETS IKEA Greece ▪ Concept Agnostic Supply Chain INTERSPORT Romania infrast
Slide 15: Transformation Timeline: Our Journey
Transformation Timeline Our Journey 2026 2027 - 2028 2028+ Platform Platform Scalable Foundations integration growth ✓ Margin improvement through operational ✓ Operating model design & governance ✓ Supply chain & omnichannel integration efficiencies ✓ Shared services set-up ✓ Cross-brand digital cap
Slide 16: Operational Transformation: Progress Update
Operational Transformation: Progress Update Operating model design, governance Data & systems architecture Enterprise Resilience & Cyber & Shared services set-up roadmap Security ▪ Treasury platform (June/2026) ▪ Dedicated Information Security ▪ Centralization of IT, Finance, HR, ▪ EPM under develop
Slide 17: 2026 Strategic Update & Guidance FY'26
2026 Strategic Update & Guidance FY’ 26 17
Slide 18: YTD 2026 Trading update
YTD 2026 Trading update Growth supported by organic growth & network expansion Q1 2026 YTD 2026 (up to 06/06/2026) ▪ Group sales +13% ytd ▪ Group sales +8% ytd L-F-L +5% L-F-L +4% ▪ Home Furnishings +6% ytd ▪ Home Furnishings +4% ytd L-F-L +3% L-F-L +1% ▪ Sporting Goods +25% ytd ▪ Sporting Goods +16
Slide 19: 2026 is a transition and investment year
2026 Strategic Update 2026 is a Sales are progressing according to plan transition and Estimated to reach €645mil. investment year GPM % estimated to reach 46.5% according to the plan Headwinds amounting to €2.5 mil. coming from inflationary pressures across several opex lines (rents, energy, transp
Slide 20: 2026 Strategic Update
2026 Strategic Update Accelerate heavily the organizational transformation process starting from the creation of the platform, building within 2026 the shared services platform and concluding the new organizational chart Mitigate the pressure coming from the Romanian market by rationalizing the netw
Slide 21: Recurring efficiencies and stronger operating leverage from 2027 onwards
Recurring efficiencies and stronger operating leverage from 2027 onwards One-off costs Recurring benefits amounting to €10.7 mil. in 2026 amounting to €9+ mil. from 2027 onwards ▪ €4.4 mil. VES & other HR costs related to ▪ €3.4 mil. benefit from VES & Platform platform creation ▪ €3.5 mil. benefit
Slide 22: Fourlis Group 2026 Guidance
Fourlis Group 2026 Guidance Sales Gross Profit EBIT Margin €645 mil. €15-17 mil. incl. one-off costs +8.6% yoy +46.5% EBIT margin 2.3 – 2.6 % 2026 is a transition and investment year, that carries the cost of transformation and external cost pressures, which are expected to be gradually offset by re
Slide 23: Thank you
Thank you
Slide 24: Appendix
Appendix 24
Slide 25: Financial calendar 2026
19/05/2026 Announcement of Key Financial Figures for the First Quarter of 2026. 20/05/2026 Analysts’ Briefing on the Key Financial Figures for the First Quarter of 2026. 12/06/2026 Annual General Shareholders Meeting. Ex-Dividend Date* (A date after June 19, 2026, which is the expiration day of 29/0
Slide 26: Group P&L FY '25
(amounts in € mil.) FY '24 % FY '25 Group Revenues 529.7 12.1% 593.7 P&L FY ‘25 Gross Profit 248.4 13.0% 280.6 Gross Profit margin 46.9% 47.3% EBITDA* 73.0 12.6% 82.2 EBITDA margin 13.8% 13.8% EBIT 26.7 15.0% 30.7 EBIT margin 5.0% 5.2% Net Financial Income/(expenses) -21.2 4.9% -22.2 Contribution fr
Slide 27: Net Financial Income/(Expenses) and Depreciation Analysis
Net financial Income/(Expenses) of the Retail Business Depreciation Analysis Group FY ’24 FY ’25 Group FY '24 FY '25 Interest & Bank expenses & other -7.7 -6.8 Depreciation (assets) 15.6 17.3 IFRS16 interest -13.5 -15.4 Depreciation of Right of Use Assets 30.7 34.1 Total -21.2 -22.2 (RoUA)- IFRS 16
Slide 28: EBITDA-adjusted bridge
EBITDA-adjusted bridge EBITDA-adjusted used to better reflect underlying operational performance. EBITDA-adjusted reinstates lease expenses in the calculation, providing a clearer representation of the Group’s underlying profitability and cost structure, independent of lease accounting treatment. Gr
Slide 29: Allocation of parent company's shared service operations costs
Allocation of parent company’s shared service operations costs EBIT pro- opex EBIT FY ‘24 forma allocation reported Home Furnishings 27.0 -2.5 29.6 Sporting Goods 3.8 -1.5 5.3 29
Slide 30: Home Furnishings (IKEA stores) FY '25
Home Furnishings (IKEA stores) FY ‘25 (amounts in € mil.) FY ‘24* % FY '25 Revenues 346.1 6.7% 369.5 Gross Profit 162.1 8.7% 176.2 Gross Profit margin 46.8% 47.7% EBITDA* 50.8 3.8% 52.8 EBITDA margin 14.7% 14.3% EBIT 27.0 2.8% 27.8 EBIT margin 7.8% 7.5% EBITDA (adjusted)* 28.3 0.7% 28.5 EBITDA (adju
Slide 31: Sporting Goods (Intersport & Foot Locker stores) FY '25
Sporting Goods (Intersport & Foot Locker stores) FY ‘25 (amounts in € mil.) FY ‘24 * % FY '25 Revenue 181.2 22.0% 221.0 Gross Profit 85.1 20.8% 102.9 Gross Profit margin 47.0% 46.5% EBITDA* 25.2 24.2% 31.2 EBITDA margin 13.9% 14.1% EBIT 3.8 65.0% 6.3 EBIT margin 2.1% 2.8% EBITDA (adjusted) * 7.7 37.
Slide 32: Health & Wellness (Holland & Barrett stores) FY '25
Health & Wellness (HOLLAND & BARRETT stores) FY ‘25 (amounts in € mil.) FY '24 FY '25 Revenue 2.3 45.5% 3.4 Gross Profit 1.1 53.4% 1.7 Gross Profit margin 48.0% 50.6% EBITDA* -1.7 13.1% -1.5 EBIT -2.4 2.9% -2.3 EBITDA (adjusted) * -2.2 3.8% -2.1 32
Slide 33: Balance Sheet FY 2025
Balance Sheet FY 2025 Balance sheet (€ mil.) FY '24 FY '25 Property, plant & equipment 83.3 91.7 Right of Use Assets 174.4 380.4 Other Non Current Assets 62.3 233.4 Non-current assets 319.9 705.4 Inventories 98.2 143.2 Receivables 25.6 20.8 Cash & Cash Equivalent 49.4 43.2 Assets Held for Sale 556.9
Slide 34: Thank you
Thank you fourlis.com