Kid (KID) investor relations material

Executive summary

• Group revenues rose 6.8% to NOK 914.8 million (MNOK 914.8), with 9.1% growth in constant currency, driven by strong seasonal assortments, robust online sales, and solid like-for-like growth.

• Gross margin improved to 63.2% from 62.3%, reflecting favorable freight costs, currency effects, and product mix.

• EBITDA increased by 15.2% to MNOK 217.8, reflecting operational leverage and margin expansion.

• Net profit for the quarter was NOK 36.6 million, up from a loss of NOK 2.7 million in Q2 2025, with EPS at NOK 0.90.

• Continued investments in marketing, technology, and commercial initiatives to support future growth and operational efficiency.

Financial highlights

• Like-for-like revenue growth was 8.3% in Q2 2026, with online sales up 43.3% year-over-year and online share reaching 15.9% (20.4% including click and collect).

• Group EBITDA margin rose to 23.7% (up from 22.0%); EBIT margin improved to 8.5% from 3.9%.

• Operating expenses rose by 5.4%, mainly due to marketing, bonus accruals, and IT investments.

• Net financial expenses decreased to MNOK 28.6 from MNOK 40.7, aided by currency hedges.

• Dividend of NOK 2.50 per share paid in Q2, totaling NOK 101.6 million.

Outlook and guidance

• Focus remains on preparing for a strong autumn and Christmas season, ensuring stable systems and high product availability.

• Continued emphasis on efficiency and productivity improvements in logistics and system modernization.

• Contracts signed for 16 additional store projects and two new store openings, supporting selective expansion.

• No major delays expected from global freight disruptions; ongoing focus on value-for-money products as traffic drivers.