SRP Groupe (SRP) investor relations material

Executive summary

• Marketplace revenue surged by 41% in H1 2026, establishing it as the primary growth driver.

• International business accelerated sharply in Q2 2026, contributing to improved sales momentum.

• Despite a challenging consumer environment and internal restructuring, a return to growth was seen in June 2026 with GMV up 2.2% year-over-year.

• The group is focused on building a more profitable, international, and technology-driven business.

Financial highlights

• Gross Merchandise Value (GMV) for H1 2026 was €367.0 million, down 5.2% compared to H1 2025.

• Net revenue declined by 8.9% year-over-year to €218.5 million.

• Internet revenue in France fell by 12.2%, while international internet revenue grew by 4.7%.

• Sequential improvement: Q2 2026 GMV rose 4.8% and net revenue increased 7.6% over Q1 2026.

Outlook and guidance

• The group expects continued recovery, focusing on strengthening teams and governance in core businesses.

• Emphasis will be on Marketplace, international operations, and revitalizing traditional categories.

• Cost reduction and organizational changes are expected to support a gradual return to sustainable value creation.