Fope (FPE) investor relations material

Executive summary

• Net profit reached €9.36 million for H1 2026, up €3.73 million year-over-year, with net revenue of €56.77 million, a 32% increase compared to H1 2025; 86–87% of revenue was generated in international markets.

• EBITDA rose to €14.81 million (26.1% of net revenue), reflecting strong sales, successful new collections, and continued popularity of established lines.

• The first mono-brand boutique in China (Hong Kong) is set to open in September 2026, supporting the Group's international expansion strategy.

• Investments in new markets like Japan and South Korea delivered results in line with expectations, and the US market remained stable despite new tariffs and uncertainty.

• The group maintains a positive business outlook, expecting higher sales volumes and a positive result for the full year, despite macroeconomic and geopolitical uncertainties.

Financial highlights

• Net revenue: €56.77 million (+32% year-over-year).

• EBITDA: €14.81 million (+39.9% year-over-year), margin at 26.1%.

• EBIT: €13.28 million (+45.9% year-over-year).

• Net profit: €9.36 million (+66.3% year-over-year).

• Net financial position: cash positive at €9.85 million.

• Cash and cash equivalents increased to €24.8 million as of June 30, 2026.

• Operating costs (excluding labor): +30.8% year-over-year, in line with sales growth.

• Dividends paid: €5.98 million.

Outlook and guidance

• Order intake at the start of H2 2026 is trending upward compared to the prior year, in line with budget forecasts.

• Full-year 2026 is expected to see increased sales volume and positive operating results, despite ongoing macroeconomic and geopolitical uncertainties.

• Management remains cautious due to ongoing geopolitical risks, particularly the Russia-Ukraine and Israeli-Palestinian conflicts.

• Commercial results post-H1 confirm the positive outlook.