Dellia (DELIA) investor relations material

Executive summary

• Q2 2026 revenue reached NOK 167.1 million, up 5.4% year-over-year; H1 revenue was NOK 382 million, up 36% from last year.

• Record 5.8 million units sold in the Nordics in Q2, up 29% year-over-year; H1 unit sales up 35%.

• Gross margin improved to 41.1% in Q2 (from 35.1% in Q2 2025), driven by lower air freight and favorable currency effects.

• EBIT for Q2 was NOK 8.9–9 million (margin 5.3%), down from NOK 20.8 million (13.2%) in Q2 2025, due to higher operating expenses and investments.

• Strategic investments in brand, sales, and systems continued, focusing on scaling in Europe and integrating Kirirom.

Financial highlights

• Q2 revenue: NOK 167.1 million (+5.4% YoY); H1 revenue: NOK 381.5 million (+36.2% YoY).

• Q2 gross profit: NOK 68.7 million (+23.5% YoY); gross margin: 41.1%.

• Q2 EBIT: NOK 8.9 million (-57.4% YoY); EBIT margin: 5.3%.

• Net income H1: NOK 23.2 million; dividend paid: NOK 24.8 million.

• Cash and cash equivalents at 30 June 2026: NOK 228.1 million.

Outlook and guidance

• Nordic segment 2026 revenue outlook revised to NOK 650 million (from NOK 810 million), still up 12% from 2025.

• Pan-European segment expected to deliver NOK 50–100 million in 2026, with most impact from new listings expected in 2027.

• Investments in 2026 aimed at driving operating leverage and EBIT margin improvement in 2027 as Kirirom integration and European expansion mature.