Earnings release
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EARNINGS RELEASE 2Q26
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Second Quarter 2026 1 Table of Contents I. Executive Summary………………………..……….………....…...............................................................................2 II. Consolidated Results………………….…….………………………………….................................................................3 III. Highlights of the Period…………...........………….……...................................................................................5 IV. Results by Country & Segment…...……………….……....…............................................................................7 V. Balance Sheet & Cash Flow Statement Analysis....................................................................................13 VI. Metrics……..…………………………………………………………………………………………………………………………………….16 VII. Consolidated Financial Statement - IFRS - Consolidated Balance Sheet………................................….............................................................19 - Consolidated Income Statement………....…..................................................................................20 - Consolidated Cash Flow Statement.….........................................................................................21 Notes: • All figures in dollars are calculated using the observed dollar exchange rate for July 1, 2026: $922.21/US$. • Quarters: 1Q, 2Q, 3Q y 4Q. • Periods ending March 31st, June 30th, September 30th and December 31st: 3M, 6M, 9M, 12M. • Currency symbols: Ch$, CLP or $: Chilean pesos. US$ or USD: U.S. dollars. COP: Colombian pesos. UYU: Uruguayan pesos. PEN: Peruvian sol. • Units: M: millions, TH: thousands. • DTC (Direct-to-Consumer) sales: revenue from Forus’ stores and e -commerce websites, as well as Forus’ sales on third-party marketplaces. • Digital sales: revenue from Forus’ e-commerce websites + Forus’ sales on third-party marketplaces. • Wholesale: traditional wholesale channel. • Other symbols: SSS: Same store sales. SG&A: Selling, General & Administration. YoY: Year over Year.
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Second Quarter 2026 2 I. Executive Summary At FORUS, we differentiate ourselves through the personalized experience that we deliver to our customers every day, across our phygital ecosystem, where we offer our diversified portfolio of leading, innovative and valued brands. In line with this, in 2Q26 we continued to invest in our people, infrastructure, and technology , in each of our markets , so that we can continue to differentiate our customer experience and remain our customers' top choice. In 2Q26, we reported consolidated revenues of Ch$ 115,384 million, a 3.3% YoY increase, driven by our international subsidiaries, which grew a robust 14.9% YoY. In Chile, our revenues decreased 1.1% YoY, explained by the challenging macroeconomic environment and the decline in sales to tourists. Our consolidated EBITDA reached Ch$ 19,613 million, an 11.2% YoY decrease, with an EBITDA margin of 17.0%, a contraction of 279 bps, primarily driven by the 348 bps deterioration in SG&A/revenues. Our net income was Ch$ 7,465 million, down 26.7% YoY. This quarter, our international subsidiaries continued their growth and profitability trajectory, driven, in part, by the addition of new brands in the last few years, including VANS and Parfois most recently. As a group, our subsidiaries represented 31.2% of our consolidated revenues and 41.1% of EBITDA this quarter. Our subsidiaries’ revenues reached Ch$ 35,986 million, with a particularly strong performance by Colombia and Peru, which grew 32.1% and 13.6%, respectively. Our subsidiaries’ EBITDA grew 17.2% YoY, with a solid EBITDA margin of 22.4%. Gross margin for the subsidiaries rose to 56.9%, an expansion of 175 bps, driven mainly by Colombia, which increased its gross margin by 553 bps, and Uruguay, which posted a 143 bps improvement. Our subsidiaries’ SG&A increased 21.7% YoY, explained by higher expenses related to the opening and maturation of new brands/stores, as well as the strong growth of the digital sales (which have higher variable expenses). Digital sales from subsidiaries (29% of DTC) increased 24.9% YoY, with double -digit growth across all three countries. During the quarter, our subsidiaries opened five stores (three in Peru and two in Colombia), increasing total selling space by 15.1% YoY (a net addition of 21 stores). In Chile, domestic consumption continued to be pressured by macroeconomic factors this quarter: the GDP declined 0.2%, unemployment reached 9.4%, informal employment reached 27.0%, inflation rose to 4.3%, and consumer confidence deteriorated to 41.2 points. Within this context, we recorded Ch$ 79,398 million in revenues, with variations of 0.0% YoY and -6.9% YoY in the DTC and wholesale segments. Digital sales (36% of DTC) stood out this quarter with a 19.0% YoY increase, driven by the adoption of new tools (a new e-commerce platform and other AI-powered technologies), optimizations in paid advertising, greater integration with marketplaces, and also by a successful Cyber Day event (June 1-3), where we registered a 25% increase compared to the same event the previous year. Chile's EBITDA decreased 24.1% YoY with an EBITDA margin of 14.5%, explained by higher discounts and the deterioration in SG&A as a percentage of revenues, due to the decline in revenues.
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Second Quarter 2026 3 II. Consolidated Results Revenues: This quarter, our consolidated revenues increased 3.3% YoY, driven by our international subsidiaries, which together reported robust growth of 14.9% YoY, highlighted by gains of 32.1% YoY in Colombia and 13.6% YoY in Peru. In Chile, our revenues decreased 1.1% YoY, pressured by lower sales to tourists and the challenging macroeconomic environment. At the consolidated level, the DTC segment’s sales increased 4.5% YoY, while the wholesale segment decreased 3.0% YoY. Within the DTC segment, we once again registered strong growth in our digital channel, which recorded a 20.6% YoY increase, driven by continued investments in our phygital ecosystem. As a result, this quarter and at the consolidated level, digital sales represented 34% of our DTC segment and 29% of total revenues. Operating Result and EBITDA: Our consolidated operating income and EBITDA decreased 26.2% YoY and 11.2% YoY, respectively, pressured by Chile, given that the international subsidiaries, as a group , recorded increases of 9.8% YoY and 17.2% YoY in operating income and EBITDA, respectively. 2Q26 2Q25 Th Ch$ % Rev. Th Ch$ % Rev. YoY Var pb Revenues 115,384 111,645 3.3% Cost of Sales (52,907) (50,858) 4.0% Gross Profit 62,477 54.1% 60,787 54.4% 2.8% (30) Selling, General and Administrative Expenses (51,583) -44.7% (46,021) -41.2% 12.1% (348) Operating Income 10,894 9.4% 14,766 13.2% -26.2% (378) Depreciation & Amortization 8,718 7.6% 7,328 6.6% EBITDA 19,613 17.0% 22,094 19.8% -11.2% (279) Other income 446 290 54.0% Other expenses (115) (110) 5.2% Financial Income 466 825 -43.5% Financial Expenses (1,415) (1,378) 2.7% FX Differences (6) (536) -98.8% Income/(expenses) from Inflation Adjusted Units 598 89 572.5% Other gains and losses (153) 70 -316.9% Non-Operating Income (179) -0.2% (750) -0.7% -76.2% 52 Profit before income tax 10,716 9.3% 14,016 12.6% -23.6% (327) Income Taxes (3,260) (3,786) -13.9% Profit (Loss) before Minority Interest 7,455 6.5% 10,231 9.2% -27.1% (270) Minority Interest (10) 48 -121.0% Net Income 7,465 6.5% 10,183 9.1% -26.7% (265) FORUS S.A. & SUBSIDIARIES Consolidated Income Statement
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Second Quarter 2026 4 Net Income: Our net income decreased 26.7% YoY. This quarter, the non-operating loss decreased 76.2% YoY, driven primarily by i) a lower loss from the impact of exchange rate fluctuations on the book value of USD -denominated assets ( -98.8% YoY) and ii) higher income from assets denominated in inflation adjusted units (572.5% YoY). 6M26 6M25 Th Ch$ % Rev. Th Ch$ % Rev. YoY Var pb Revenues 210,306 206,158 2.0% Cost of Sales (97,116) -46.2% (96,136) -46.6% 1.0% Gross Profit 113,190 53.8% 110,022 53.4% 2.9% 45 Selling, General and Administrative Expenses (96,398) -45.8% (87,420) -42.4% 10.3% (343) Operating Income 16,792 8.0% 22,602 11.0% -25.7% (298) Depreciation & Amortization 16,824 8.0% 14,488 7.0% EBITDA 33,616 16.0% 37,090 18.0% -9.4% (201) Other income 572 426 34.3% Other expenses (301) (166) 81.6% Financial Income 736 1,541 -52.3% Financial Expenses (2,864) (2,743) 4.4% FX Differences 784 (1,298) -160.4% Income/(expenses) from Inflation Adjusted Units 1,264 426 196.5% Other gains and losses (147) 199 -174.0% Non-Operating Income 44 0.0% (1,615) -0.8% -102.7% 80 Profit before income tax 16,836 8.0% 20,987 10.2% -19.8% (217) Income Taxes (5,319) (5,767) -7.8% Profit (Loss) before Minority Interest 11,517 5.5% 15,221 7.4% -24.3% (191) Minority Interest (88) 53 -265.1% Net Income 11,605 5.5% 15,168 7.4% -23.5% (184) FORUS S.A. & SUBSIDIARIES Consolidated Income Statement
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Second Quarter 2026 5 III. Highlights of the Period Agreements reached at the 35th Annual Ordinary Shareholders’ Meeting On April 9, 2026, FORUS held the 35th Annual Ordinary Shareholders’ Meeting, where the following agreements were reached. a) Dividend distribution: 1) The payment of the Mandatory Minimum Final Dividend No. 56 against the net income of Fiscal Year 2025, for a total amount of $4,286,356,307, or $16.58363791 per share, which, when added to Interim Dividend No. 55, paid on November 21, 2025, is equivalent to the distribution of 30% of the net income of Fiscal Year 2025; this dividend is available as of April 24, 2026, to shareholders registered in the Shareholders' Registry of FORUS S.A. at midnight on April 18, 2026. 2) The payment of the Additional Dividend No. 57 against the net income of Fiscal Year 2025, for a total amount of $2,764,208,603, or $10.69454597 per share, which is equivalent to 10% of the net income of Fiscal Year 2025; this dividend is available as of April 24, 2026, to shareholders registered in the Shareholders' Registry of FORUS at midnight on April 18, 2026. b) Dividend policy: The approval of a 40% distribution policy for the Fiscal Year 2026. c) Remuneration of the Board of Directors and the Commercial Committee: 1) The approval of the remuneration for the members of the Board of Directors for Fiscal Year 2026 and until the next Ordinary Shareholders' Meeting to be held in 2027, consisting of an attendance fee equivalent to 80 UF for each session attended in accordance with the means established by law. Additionally, a variable remuneration was approved, consisting of a 0.9% share of the net income of Fiscal Year 2026. The Chairman of the Board of Directors will receive double the remuneration (fixed and variable). 2) The approval of the remuneration for each director who is a member of the Commercial Committee, consisting of an additional third calculated on the total remuneration that each director, individually, receives in their capacity as such. d) Remuneration of the Directors Committee: The approval of the remuneration of each member of the Directors' Committee for Fiscal Year 2026 and until the next Ordinary Shareholders' Meeting to be held in 2027, of an additional payment equivalent to an additional third calculated on the total remuneration that each director, individually, receives in their capacity as such. e) Appointment of the external auditor : EY Servicios Profesionales de Auditoría y Asesorías Limitada was retained as the external auditor for the Fiscal Year 2026. f) Appointment of the credit risk agency : Moody’s Local CL Compañía Clasificadora de Riesgo Limitada was retained as the credit rating agency for the Fiscal Year 2026.
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Second Quarter 2026 6 Moody’s Local ratified FORUS’s solvency at AA/Stable On April 8th, Moody’s Local CL Clasificadora de Riesgo Limitada (“Moody’s Local”) affirmed the rating of FORUS S.A. in category AA with a Stable outlook and that of its equity shares at First Class Level 1, basing its evaluation on “factors related to its business —such as its competitive position, d iversification, and scale—and on its solid financial strength.” Store Openings and Remodels FORUS opened ten new stores during the second quarter, including five in Chile, three in Peru, and two in Colombia, thereby increasing our selling space by 2.2% compared to March and 6.5% YoY. We also continued to make progress on our remodeling plan, with the reopening of three remodeled stores in Chile and one in Uruguay during the second quarter. Additionally, as of the date of this report, we completed six additional remodels in Chile (13 remodels completed in Chile year-to-date). Highlights After the Period Status of our subsidiary following the earthquake in Colombia On August 10th of this year, a magnitude 7.4 earthquake, on the Richter scale, with its epicenter in the department of Chocó, caused a severe humanitarian catastrophe in western Colombia. As a company, our primary concern has been the well-being of our employees and their families in the affected areas. Regarding our operations in the country, we temporarily closed six stores in Cali, one of the cities most affected by the earthquake. Of these locations, three stores reopened the following weekend, and three others remain closed as of the date of this report (two stores suffered damage to their infrastructure and/or inventory, and one store is awaiting the reopening of the shopping mall). FORUS has multi-risk insurance that covers our facilities and inventory, and we have initiated the claim process.
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Second Quarter 2026 7 IV. Results by Country & Segment Revenue: Our revenues in Chile (68.8% of consolidated FORUS) decreased 1.1% YoY, with variations of 0.0% YoY and -6.9% YoY in the DTC (85% of Chile revenues) and wholesale (15% of Chile revenues) segments, respectively, pressured by the challenging macroeconomic environment and lower sales to tourists; excluding foreign tourists, DTC sales in Chile grew 3.3% YoY. Within the DTC segment, digital channel sales (36% of DTC) stood out, with 19.0% YoY growth, recording double-digit increases in each of the three months of the period. The digital channel was driven, primarily, by the adoption of new management tools (a new e-commerce platform and other AI-leveraged technologies), optimizations in paid advertising, greater integration with marketplaces, and also by a successful Cyber Day event (June 1-3), where we registered a 25% increase compared to the same event the previous year. Regarding our physical channel, this quarter we continued expanding our store fleet, with the opening of five new locations (one in Santiago and four in the rest of the country ) of the Under Armour, Parfois, Merrell, Columbia, and CAT store chains. With these openings, our selling space increased 2.8% YoY. Additionally, to continue elevating the customer experience in our existing stores, we made additional progress on Chile Total (Ch$ million) 2Q26 2Q25 (%, bp) Total (Ch$ million) 6M26 6M25 (%, bp) Revenue 79,398 80,317 -1.1% Revenue 145,759 150,642 -3.2% Cost of Sales (37,380) (36,793) 1.6% Cost of Sales (68,670) (70,467) -2.6% Gross Profit 42,017 43,524 -3.5% Gross Profit 77,089 80,175 -3.8% Gross Margin 52.9% 54.2% (127) Gross Margin 52.9% 53.2% (33) SG&A (36,129) (33,319) 8.4% SG&A (67,141) (63,491) 5.8% SG&A/Revenue -45.5% -41.5% (402) SG&A/Revenue -46.1% -42.1% (392) Operating Income 5,889 10,205 -42.3% Operating Income 9,948 16,685 -40.4% Operating Margin 7.4% 12.7% (529) Operating Margin 6.8% 11.1% (425) EBITDA 11,551 15,215 -24.1% EBITDA 20,830 26,694 -22.0% EBITDA Margin 14.5% 18.9% (440) EBITDA Margin 14.3% 17.7% (343) DTC (Ch$ million) 2Q26 2Q25 (%, bp) DTC (Ch$ million) 6M26 6M25 (%, bp) Revenue 67,306 67,323 0.0% Revenue 115,120 118,106 -2.5% Cost of Sales (30,816) (29,693) 3.8% Cost of Sales (51,752) (51,701) 0.1% Gross Profit 36,490 37,630 -3.0% Gross Profit 63,368 66,404 -4.6% Gross Margin 54.2% 55.9% (168) Gross Margin 55.0% 56.2% (118) SG&A (30,819) (27,467) 12.2% SG&A (56,181) (51,572) 8.9% SG&A/Revenue -45.8% -40.8% (499) SG&A/Revenue -48.8% -43.7% (514) Operating Income 5,671 10,163 -44.2% Operating Income 7,187 14,832 -51.5% Operating Margin 8.4% 15.1% (667) Operating Margin 6.2% 12.6% (632) EBITDA 10,562 14,461 -27.0% EBITDA 16,562 23,412 -29.3% EBITDA Margin 15.7% 21.5% (579) EBITDA Margin 14.4% 19.8% (544) Wholesale (Ch$ million) 2Q26 2Q25 (%, bp) Wholesale (Ch$ million) 6M26 6M25 (%, bp) Revenue 12,092 12,994 -6.9% Revenue 30,638 32,537 -5.8% Cost of Sales (6,565) (7,100) -7.5% Cost of Sales (16,917) (18,766) -9.8% Gross Profit 5,527 5,894 -6.2% Gross Profit 13,721 13,771 -0.4% Gross Margin 45.7% 45.4% 35 Gross Margin 44.8% 42.3% 246 SG&A (5,310) (5,853) -9.3% SG&A (10,960) (11,919) -8.0% SG&A/Revenue -43.9% -45.0% 113 SG&A/Revenue -35.8% -36.6% 86 Operating Income 218 42 420.1% Operating Income 2,760 1,852 49.0% Operating Margin 1.8% 0.3% 148 Operating Margin 9.0% 5.7% 332 EBITDA 989 755 31.0% EBITDA 4,268 3,282 30.0% EBITDA Margin 8.2% 5.8% 237 EBITDA Margin 13.9% 10.1% 384
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Second Quarter 2026 8 our remodeling investment plan. During this quarter, we completed three remodels (two Hush Puppies and one Merrell store) and, after the close of the period, we finished six more, bringing total remodeled stores to 13 year -to-date, as of the date of this report. Store sales declined 8.4% YoY (SSS -9.1%), explained by the sharp decrease (-78%) in tourist sales and the challenging macroeconomic environment that continued to pressure domestic consumption in Chile. This quarter, GDP declined 0.2%, unemployment reached 9.4% (a 0.5 percentage point increase over twelve months), the informal employment rate stood at 27.0% (a 1.0 percentage point increase over twelve months), and twelve - month inflation rose to 4.3% (June). Within this context, con sumer confidence deteriorated, recording 41.2 points in June, compared to 48.8 points in March (50 is neutral). As a consequence of this challenging consumer environment , several wholesale clients adjusted their inventory purchases downward this quarter, which explains the decline in sales in that segment. Operating Result and EBITDA: The operating result and EBITDA decreased by 42.3% YoY and 24.1% YoY, respectively. Gross margin contracted by 127 bps, mainly driven by higher discounts in our DTC segment, particularly during the Cyber Day event. This was partially mitigated by the appreciation of the CLP/USD exchange rate on the average cost of the 2026 winter collection. This quarter, SG&A expenses increased by 8.4% YoY, primarily explained by the growth of the digital channel, which carries a higher variable expense component.
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Second Quarter 2026 9 Revenues: In Peru, our revenue increased 13.6% YoY (12.0% YoY in local currency), with a solid performance in the wholesale segment (15% of Peru's revenue), which recorded a 23.2% YoY increase, and 12.1% YoY growth in the DTC segment (85% of Peru's revenue). Growth this quarter was driven, in part, by the addition of the VANS brand earlier this year (which mitigated the return of the Billabong brand at the end of 2025). Within the DTC segment, the digital channel (19% of DTC) outperformed, registering 46.4% YoY growth, driven by the addition of VANS, the migration of our websites to a new platform, optimizations in paid advertising, and successful cyber events in April and June. Store sales (81% of DTC) grew 6.3% YoY, with SSS of -3.2%, given that the El Niño phenomenon, which raised average temperatures this winter, reduced demand for seasonal apparel/footwear. This quarter, we opened three stores (under the Parfois, VANS, and Factory Brands chains), increasing our selling space by 4.9% compared to March (16.1% YoY). Operating Result and EBITDA: Peru's operating result and EBITDA increased by 8.7% YoY and 14.2% YoY, respectively. Gross margin deteriorated slightly (54 bps), as a 320 bps improvement in the Peru Total (Ch$ million) 2Q26 2Q25 (%, bp) Total (Ch$ million) 6M26 6M25 (%, bp) Revenue 11,838 10,423 13.6% Revenue 22,137 18,768 18.0% Cost of Sales (4,908) (4,265) 15.1% Cost of Sales (9,317) (7,851) 18.7% Gross Profit 6,931 6,158 12.5% Gross Profit 12,820 10,917 17.4% Gross Margin 58.5% 59.1% (54) Gross Margin 57.9% 58.2% (26) SG&A (5,025) (4,405) 14.1% SG&A (9,679) (8,352) 15.9% SG&A/Revenue -42.4% -42.3% (19) SG&A/Revenue -43.7% -44.5% 78 Operating Income 1,906 1,754 8.7% Operating Income 3,140 2,565 22.4% Operating Margin 16.1% 16.8% (73) Operating Margin 14.2% 13.7% 52 EBITDA 3,011 2,637 14.2% EBITDA 5,266 4,256 23.7% EBITDA Margin 25.4% 25.3% 13 EBITDA Margin 23.8% 22.7% 111 DTC (Ch$ million) 2Q26 2Q25 (%, bp) DTC (Ch$ million) 6M26 6M25 (%, bp) Revenue 10,102 9,013 12.1% Revenue 18,046 15,511 16.3% Cost of Sales (4,061) (3,532) 15.0% Cost of Sales (7,288) (6,133) 18.8% Gross Profit 6,041 5,481 10.2% Gross Profit 10,757 9,378 14.7% Gross Margin 59.8% 60.8% (101) Gross Margin 59.6% 60.5% (85) SG&A (4,460) (3,896) 14.5% SG&A (8,458) (7,341) 15.2% SG&A/Revenue -44.1% -43.2% (93) SG&A/Revenue -46.9% -47.3% 46 Operating Income 1,581 1,585 -0.3% Operating Income 2,300 2,037 12.9% Operating Margin 15.7% 17.6% (194) Operating Margin 12.7% 13.1% (39) EBITDA 2,638 2,421 8.9% EBITDA 4,329 3,635 19.1% EBITDA Margin 26.1% 26.9% (75) EBITDA Margin 24.0% 23.4% 55 Wholesale (Ch$ million) 2Q26 2Q25 (%, bp) Wholesale (Ch$ million) 6M26 6M25 (%, bp) Revenue 1,736 1,410 23.2% Revenue 4,091 3,257 25.6% Cost of Sales (847) (733) 15.6% Cost of Sales (2,029) (1,718) 18.1% Gross Profit 890 677 31.4% Gross Profit 2,062 1,539 34.0% Gross Margin 51.2% 48.0% 320 Gross Margin 50.4% 47.3% 315 SG&A (565) (509) 11.1% SG&A (1,222) (1,011) 20.8% SG&A/Revenue -32.5% -36.1% 354 SG&A/Revenue -29.9% -31.0% 119 Operating Income 325 168 92.7% Operating Income 841 528 59.2% Operating Margin 18.7% 11.9% 674 Operating Margin 20.5% 16.2% 433 EBITDA 373 216 72.9% EBITDA 937 622 50.7% EBITDA Margin 21.5% 15.3% 618 EBITDA Margin 22.9% 19.1% 382
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Second Quarter 2026 10 wholesale segment was offset by a -101 bps change in the DTC segment. Gross margin expansion in the wholesale segment reflects: i ) the favorable impact of the PEN/USD appreciation on average inventory cost and ii) a brand mix with a higher gross margin (VANS vs. Billabong). SG&A expenses grew 14.1% YoY, primarily explained by the addition of new brands ( store leases , payroll and depreciation), as well as by the robust growth in the digital channel (which has more variable expenses). Revenues: In Colombia, our revenue increased 32.1% YoY (19.4% YoY in local currency), driven primarily by the DTC segment (85% of Colombia's revenue), which grew 36.7% YoY (23.5% YoY in local currency), and the favorable effect of the COP appreciation, which boosted the subsidiary's contribution when consolidating results in CLP. In -store sales grew 43.1% YoY (29.6% YoY in local currency), mainly driven by a net addition of 13 stores over twelve months (including 8 VANS stores, a brand incorporated in August 2025), representing a 38.8% YoY increase in selling space. This quarter, we recorded SSS of -1.5%, as demand was pressured by i) the World Cup effect, which favored the Colombia Total (Ch$ million) 2Q26 2Q25 (%, bp) Total (Ch$ million) 6M26 6M25 (%, bp) Revenue 10,793 8,168 32.1% Revenue 20,484 15,972 28.2% Cost of Sales (4,878) (4,143) 17.7% Cost of Sales (9,408) (8,310) 13.2% Gross Profit 5,915 4,025 47.0% Gross Profit 11,076 7,662 44.6% Gross Margin 54.8% 49.3% 553 Gross Margin 54.1% 48.0% 610 SG&A (5,175) (3,414) 51.6% SG&A (9,925) (6,666) 48.9% SG&A/Revenue -47.9% -41.8% (615) SG&A/Revenue -48.5% -41.7% (672) Operating Income 740 611 21.1% Operating Income 1,150 996 15.5% Operating Margin 6.9% 7.5% (63) Operating Margin 5.6% 6.2% (62) EBITDA 1,981 1,324 49.5% EBITDA 3,518 2,416 45.6% EBITDA Margin 18.4% 16.2% 214 EBITDA Margin 17.2% 15.1% 205 DTC (Ch$ million) 2Q26 2Q25 (%, bp) DTC (Ch$ million) 6M26 6M25 (%, bp) Revenue 9,158 6,701 36.7% Revenue 17,085 12,441 37.3% Cost of Sales (3,941) (3,120) 26.3% Cost of Sales (7,478) (5,800) 28.9% Gross Profit 5,217 3,580 45.7% Gross Profit 9,607 6,642 44.6% Gross Margin 57.0% 53.4% 353 Gross Margin 56.2% 53.4% 285 SG&A (4,421) (2,804) 57.6% SG&A (8,439) (5,442) 55.1% SG&A/Revenue -48.3% -41.9% (642) SG&A/Revenue -49.4% -43.7% (565) Operating Income 796 776 2.6% Operating Income 1,168 1,199 -2.6% Operating Margin 8.7% 11.6% (288) Operating Margin 6.8% 9.6% (280) EBITDA 1,858 1,788 3.9% EBITDA 3,214 2,371 35.6% EBITDA Margin 20.3% 26.7% (640) EBITDA Margin 18.8% 19.1% (24) Wholesale (Ch$ million) 2Q26 2Q25 (%, bp) Wholesale (Ch$ million) 6M26 6M25 (%, bp) Revenue 1,635 1,467 11.4% Revenue 3,399 3,531 -3.7% Cost of Sales (937) (1,023) -8.4% Cost of Sales (1,931) (2,510) -23.1% Gross Profit 698 445 57.0% Gross Profit 1,468 1,020 43.9% Gross Margin 42.7% 30.3% 1,240 Gross Margin 43.2% 28.9% 1,431 SG&A (754) (610) 23.8% SG&A (1,486) (1,224) 21.4% SG&A/Revenue -46.1% -41.5% (461) SG&A/Revenue -43.7% -34.7% (905) Operating Income (56) (165) -65.9% Operating Income (18) (204) -91.4% Operating Margin -3.4% -11.2% 779 Operating Margin -0.5% -5.8% 526 EBITDA 123 (463) -126.6% EBITDA 303 45 576.0% EBITDA Margin 7.5% -31.6% 3,910 EBITDA Margin 8.9% 1.3% 765
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Second Quarter 2026 11 technology category (televisions) over apparel/footwear, and ii) the negative impact on purchasing power from higher inflation (6.14% 12 -month as of June) and interest rate hikes (12.0% as of June). During the second quarter, we opened two new stores in Cali under the CAT and Merrell chains; these two stores were affec ted by the August 10 earthquake and, as of the date of this report, are temporarily closed. The digital channel (34% of DTC) grew 25.5% YoY (12.9% YoY in local currency), driven by the addition of the VANS brand (August 2025) and a more effective inventory selection for the digital channel (depth and pricing). The wholesale channel, in turn, recorded a variation of 11.4% YoY (0.9% YoY in local currency). Operating Result and EBITDA: Colombia's operating income and EBITDA increased by 21.1% YoY and 49.5% YoY, respectively. Colombia's gross margin expanded by 553 bps, with improvements across both segments, driven by: i) the favorable impact of COP/USD appreciation on average inventory cost, ii) lower discounts due to healthier inventory levels, and iii) shifts in segment mix (DTC carries a higher gross margin than wholesale). SG&A expenses grew 51.6% YoY (37.2% YoY in local currency) this quarter, primarily explained by: i) a 23.7% increase in the minimum wage (effective January 1, 2026), which raised base salary expenses for our sales force, and ii) the opening and ramp -up process of 13 new stores over the last twelve months ( store leases, payroll, and depreciation). To mitigate these expense pressures, new efficiency measures are being implemented, including adjustments to work schedules and shifts, among others.
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Second Quarter 2026 12 Revenues: In Uruguay, our revenue increased 4.9% YoY (6.3% YoY in local currency), driven by the DTC segment (92% of Uruguay's revenue), which grew 6.3% YoY, partially offset by a 9.4% YoY decline in the wholesale segment (8% of revenue). Within the DTC segment, store sales grew 1.7% YoY, with SSS of 2.9%. We did not open or close stores over the last 12 months. The digital channel (34% of DTC) recorded a 16.7% YoY increase, driven by the migration of our websites to a new platform and strong consumer preference. Operating Result and EBITDA: Uruguay's operating income and EBITDA increased by 7.5% YoY and 5.3% YoY, respectively. Gross margin expanded by 143 bps, driven mainly by a 410 bps improvement in the wholesale segment, explained by the favorable impact of UYU/USD appreciation on average inventory cost. Gross margin in the DTC channel, in turn, recorded a sma ller expansion of 97 bps. SG&A expenses grew 7.6% YoY this quarter. Uruguay Total (Ch$ million) 2Q26 2Q25 (%, bp) Total (Ch$ million) 6M26 6M25 (%, bp) Revenue 13,355 12,737 4.9% Revenue 21,927 20,776 5.5% Cost of Sales (5,741) (5,657) 1.5% Cost of Sales (9,721) (9,507) 2.2% Gross Profit 7,614 7,080 7.5% Gross Profit 12,206 11,268 8.3% Gross Margin 57.0% 55.6% 143 Gross Margin 55.7% 54.2% 143 SG&A (5,254) (4,883) 7.6% SG&A (9,652) (8,911) 8.3% SG&A/Revenue -39.3% -38.3% (100) SG&A/Revenue -44.0% -42.9% (113) Operating Income 2,360 2,196 7.5% Operating Income 2,554 2,357 8.4% Operating Margin 17.7% 17.2% 43 Operating Margin 11.6% 11.3% 30 EBITDA 3,070 2,917 5.3% EBITDA 4,003 3,724 7.5% EBITDA Margin 23.0% 22.9% 9 EBITDA Margin 18.3% 17.9% 33 DTC (Ch$ million) 2Q26 2Q25 (%, bp) DTC (Ch$ million) 6M26 6M25 (%, bp) Revenue 12,318 11,592 6.3% Revenue 18,984 17,957 5.7% Cost of Sales (5,158) (4,966) 3.9% Cost of Sales (8,029) (7,743) 3.7% Gross Profit 7,160 6,625 8.1% Gross Profit 10,955 10,213 7.3% Gross Margin 58.1% 57.2% 97 Gross Margin 57.7% 56.9% 83 SG&A (5,022) (4,667) 7.6% SG&A (8,918) (8,263) 7.9% SG&A/Revenue -40.8% -40.3% (50) SG&A/Revenue -47.0% -46.0% (96) Operating Income 2,138 1,958 9.2% Operating Income 2,037 1,950 4.5% Operating Margin 17.4% 16.9% 47 Operating Margin 10.7% 10.9% (13) EBITDA 2,828 2,662 6.2% EBITDA 3,438 3,275 5.0% EBITDA Margin 23.0% 23.0% (0) EBITDA Margin 18.1% 18.2% (13) Wholesale (Ch$ million) 2Q26 2Q25 (%, bp) Wholesale (Ch$ million) 6M26 6M25 (%, bp) Revenue 1,037 1,145 -9.4% Revenue 2,943 2,819 4.4% Cost of Sales (583) (691) -15.6% Cost of Sales (1,692) (1,764) -4.1% Gross Profit 454 454 -0.1% Gross Profit 1,251 1,055 18.6% Gross Margin 43.8% 39.7% 410 Gross Margin 42.5% 37.4% 508 SG&A (232) (216) 7.4% SG&A (734) (648) 13.3% SG&A/Revenue -22.4% -18.9% (350) SG&A/Revenue -24.9% -23.0% (195) Operating Income 222 238 -6.9% Operating Income 517 407 27.0% Operating Margin 21.4% 20.8% 59 Operating Margin 17.6% 14.4% 313 EBITDA 242 255 -4.9% EBITDA 565 449 26.0% EBITDA Margin 23.4% 22.3% 111 EBITDA Margin 19.2% 15.9% 329
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Second Quarter 2026 13 V. Balance Sheet & Cash Flow Statement Analysis Consolidated Balance Sheet • Assets (in millions of Ch$) Jun-26 Dec-25 M Ch$ M Ch$ M Ch$ % Current Assets 225,736 224,020 1,716 0.8% Non-Current Assets 178,939 162,898 16,041 9.8% Total Assets 404,675 386,918 17,757 4.6% Variation Current Assets presented a slight increase of 0.8%, showing relevant variations in the following accounts: Other Current Financial Assets , which increased by Ch$ 10,124 million due to the investment of excess cash and cash equivalents in highly liquid financial instruments; Trade and Other Receivables , which increased by Ch$ 9,303 million , driven by sales; Current Tax Assets , which decreased by Ch$ 6,984 million, due to the recovery of tax surpluses recognized as assets as of December 31, 2025; and Inventories, which decreased by Ch$ 5,704 million, as a result of sales. Non-Current Assets increased by 9.8%, showing relevant variations in the following accounts: Right-of- Use Assets, which increased by Ch$ 8,853 million, mainly due to higher right -of-use assets from lease contract renewals; and Property, Plant and Equipment, which increased by Ch$ 5,964 million, explained by investments in the new distribution center, the opening of new stores, and store remodeling. • Liabilities (in millions of Ch$) Jun-26 Dec-25 M Ch$ M Ch$ M Ch$ % Current Liabilities 68,059 70,853 (2,795) -3.9% Non-Current Liabilities 67,043 59,925 7,118 11.9% Shareholder's Equity 269,573 256,140 13,433 5.2% Total Liabilities & Shareholders' Equity 404,675 386,918 17,757 4.6% Variation Current Liabilities decreased by 3.9%, showing key variations in the following accounts: Other Current Provisions, which decreased by Ch$ 5,824 million due to the payment of provisioned dividends; Other Non-Financial Current Liabilities, which increased by Ch$ 2,413 million due to an increase in accrued VAT; Other Current Lease Liabilities, which increased by Ch$ 2,323 million driven by lease contract renewals; and Trade and Other Payables , which decreased by Ch$ 1,503 million, primarily due to payments for inventory purchases.
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Second Quarter 2026 14 Non-Current Liabilities, meanwhile, increased by 11.9%, primarily due to the Other Non-Current Lease Liabilities account, which increased by Ch$ 7,092 million, driven by lease contract renewals that result in an increase in long-term obligations. • Shareholders’ Equity Shareholders’ Equity on June 30th of 2026 and December 31st of 2025 was the following: Jun-26 Dec-25 M Ch$ M Ch$ M Ch$ % Paid-in capital 24,243 24,243 - 0.0% Other reserves 27,254 25,250 2,004 7.9% Retained earnings 217,362 205,844 11,517 5.6% Non-controlling interest 716 803 (88) -10.9% Total Shareholders' Equity 269,573 256,140 13,433 5.2% Variation Shareholders' Equity increased by a net total of Ch$ 13,433 million, mainly due to the increase in Retained Earnings. The company's net income reached Ch$ 11,650 million as of June 30, 2026. The change in Other Reserves is explained by the following FX consolidation differences at the subsidiaries: M Ch$ Perú Forus S.A. 118 Uruforus S.A. (258) Forus Colombia S.A.S. 2,133 Eurus SL 11 Total FX consolidation differences 2,004 Financial Ratios • Leverage and Liquidity Ratios Units Jun 26 Dec 25 Var. Leverage x 0.50 0.51 -0.01 Interest Coverage x 11.74 12.05 -0.31 Units Jun 26 Dec 25 Var. Current liquidity x 3.32 3.16 0.16 Acid ratio x 1.67 1.50 0.17 The current ratio showed a slight improvement compared to December, primarily due to a 3.9% decrease in Current Liabilities. The quick ratio recorded a variation of 11.4%, driven by a 4.9% decrease in inventories.
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Second Quarter 2026 15 Financials Units Jun 26 Dec 25 Liabilities Current Liabilities % 50.4% 54.2% Non-Current Liabilities % 49.6% 45.8% • Profitability Ratios (6M period) Units Jun 26 Jun 25 Var. ROA % 2.9% 4.1% -1.2% ROS % 5.5% 7.4% -1.8% ROE % 4.3% 6.0% -1.7% EPS $ 44.9 58.7 -13.8 The Company obtained an earnings per share of $44.9 in the 6M26 period, which is equivalent to a decrease of $13.8 compared to 6M25, representing a decrease of 23.5% YoY. Consolidated Cash Flow Jun 26 Jun 25 Variation M Ch$ M Ch$ M Ch$ Cash flows from Operating Activities 39,123 28,233 10,890 Cash flows from (used in) Investment Activities (21,178) (4,783) (16,395) Cash flows from (used in) Financing Activities (24,148) (22,325) (1,823) Cash flows from operating activities increased by Ch$ 10,890 million compared to the same period last year, due to lower payments to suppliers and higher cash collections from sales. Cash flows from investing activities showed a negative variation of Ch$ 16,395 million compared to the same period last year, mainly due to higher cash outflows from investing activities and increased investments in property, plant, and equipment. Finally, cash flows from financing activities recorded a negative variation of Ch$ 1,823 million compared to the same period last year, primarily driven by lower proceeds from borrowings.
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Second Quarter 2026 16 VI. Metrics Same Store Sales (in local currency) 1T 2T 3T 4T 1T 2T 3T 4T Chile 14.7% -1.4% 7.0% 0.3% -12.4% -9.1% Colombia 10.8% 11.6% 8.5% 11.7% 8.7% -1.5% Perú 5.2% 0.8% -0.2% 17.2% 24.5% -3.2% Uruguay 4.2% 2.2% 4.3% 5.0% 2.4% 2.9% 20262025 2Q26 Total Chile Peru Colombia Uruguay Sales (Ch$ million) 115,384 79,398 11,838 10,793 13,355 % of Consolidated Revenue 100.0% 68.8% 10.3% 9.4% 11.6% DTC, % Total Revenue 85.7% 84.8% 85.3% 84.9% 92.2% Wholesale, % Total Revenue 14.3% 15.2% 14.7% 15.1% 7.8% Digital, % of DTC 33.9% 36.2% 18.8% 33.5% 33.6% Digital, % of Total Revenue 29.0% 30.7% 16.0% 28.5% 31.0% 6M 2026 Total Chile Perú Colombia Uruguay Sales (Ch$ million) 210,306 145,759 22,137 20,484 21,927 % of Consolidated Revenue 100.0% 69.3% 10.5% 9.7% 10.4% DTC, % Total Revenue 80.5% 79.0% 81.5% 83.4% 83.4% Wholesale, % Total Revenue 19.5% 21.0% 18.5% 16.6% 16.6% Digital, % of DTC 29.1% 30.3% 15.7% 34.3% 29.4% Digital, % of Total Revenue 23.4% 24.0% 12.8% 28.6% 25.5% Phygital Ecosystem Total Chile Perú Colombia Uruguay Brands 26 23 11 9 10 % of total 100% 88% 42% 35% 38% Store Chains 23 19 11 8 10 % of total 100% 83% 48% 35% 43% Stores 440 271 67 56 46 % of total 100% 62% 15% 13% 10% Sales area (sqm) 46,410 31,278 5,606 4,339 5,187 % of total 100% 67% 12% 9% 11% E-commerce websites* 51 22 10 9 9 Marketplaces (3rd party) 12 4 4 3 1 * Total includes BSoul Spain e-commerce website.
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Second Quarter 2026 17 Variation (YoY) in Number of Stores & Sales Area (square meters) # Stores Sqm # Stores Sqm # Stores Sqm % Chile 271 31,278 265 30,434 6 2.8% Colombia 56 4,339 43 3,127 13 38.8% Peru 67 5,606 59 4,829 8 16.1% Uruguay 46 5,187 46 5,187 0 0.0% Total 440 46,410 413 43,577 27 6.5% Jun. 2025 YoYJun. 2026 2Q26 store openings/closures, by country Store Openings # Stores Chain Store City Sqm Chile 1 Under Armour Paseo Alerce Puerto Montt 154 1 Parfois Alto Las Condes Santiago 125 1 Merrell Mallplaza Bío Bío Concepción 110 1 Columbia Mallplaza Bío Bío Concepción 110 1 CAT Paseo Valdivia Valdivia 66 5 565 Perú 1 PARFOIS San Miguel Lima 94 1 Factory Brand Minka Lima 89 1 VANS San Miguel Lima 78 3 261 Colombia 1 CAT Limonar Cali 74 1 MERRELL Limonar Cali 74 2 148 10 973 Store Closures # Stores Chain Store City Sqm Total 0 0 Forus Openings/closures, net (1-Abr-26 to 30-Jun-26) Country # Stores Sqm Chile 5 565 Peru 3 261 Uruguay 0 0 Colombia 2 148 Total 10 973
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Second Quarter 2026 18 E-commerce websites, by country Marketplaces, by country E-commerce sites Chile Website 1 CAT Cat.cl 2 Columbia Columbia.cl 3 Merrell Merrell.cl 4 Jansport Jansport.cl 5 7veinte 7veinte.cl 6 Norseg Norseg.cl 7 Zapatos Zapatos.cl 8 Hush Puppies HushPuppies.cl 9 Hush Puppies Kids HushPuppiesKids.cl 10 Keds Keds.cl 11 Mountain Hardwear MountainHardwear.cl 12 Burton Burton.cl 13 Azaleia Azaleia.cl 14 RKF Rkflife.com 15 BSoul BSoul.com 16 VANS Vans.cl 17 Calpany Calpany.cl 18 Under Armour Underarmour.cl 19 Sorel Sorel.cl 20 L'Occitane en Provence cl.loccitane.com 21 Crocs Crocs.cl 22 PARFOIS Parfois.cl Uruguay Website 1 CAT Catlifestyle.com.uy 2 Hush Puppies Hushpuppies.com.uy 3 Merrell Merrell.com.uy 4 Pasqualini Pasqualini.com.uy 5 Columbia Columbia.com.uy 6 RKF Rkflife.com.uy 7 MANGO Forusuy.com 8 Under Armour Underarmour.uy 9 BSoul Bsoul.uy Peru Website 1 Columbia Columbia.pe 2 Hush Puppies Hushpuppies.pe 3 RKF Rkflife.pe 4 Patagonia Patagonia.pe 5 Supermall Supermall.pe 6 Keds Keds.pe 7 BSoul BSoul.pe 8 Norseg Norseg.pe 9 PARFOIS Parfois.pe 10 VANS Vans.com.pe Colombia Website 1 CAT Catlifestyle.co 2 Hush Puppies Hushpuppies.com.co 3 Merrell Merrellcolombia.com 4 Under Armour Underarmour.com.co 5 Columbia Columbia.com.co 6 RKF Rkflife.com.co 7 BSoul BSoul.com.co 8 Norseg Norseg.com.co 9 VANS Vans.com.co Spain Website 1 BSoul BSoul.es 51 Total FORUS S.A. Marketplaces Chile 1 Mercado Libre 2 Mercado Ripley 3 Paris Marketplace 4 Falabella Online Uruguay 1 Mercado Libre Perú 1 Mercado Libre 2 Shopstar 3 Falabella Online 4 Rappi Colombia 1 Dafiti 2 Mercado Libre 3 Falabella Online
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Second Quarter 2026 19 June 2026 December 2025 Th Ch$ Th Ch$ ASSETS Current Assets Cash and cash equivalents 22,654,051 28,090,756 Other financial assets, current 35,284,095 25,160,160 Other non-financial assets, current 6,708,869 6,305,237 Trade and other account receivables 48,767,074 39,464,299 Accounts receivables from related companies 269,696 259,002 Inventories 111,894,780 117,598,755 Tax assets, current 157,646 7,142,029 Total Current Assets 225,736,211 224,020,238 Non-Current Assets Other non-financial assets, non-current 294,648 225,231 Fees receivables, non-current 549,955 528,432 Net intangibles assets 4,404,979 3,192,520 Goodwill 2,730,627 2,732,922 Property, plant & equipment, net 164,577,091 149,760,755 Deferred tax assets 6,381,413 6,458,306 Total Non-Current Assets 178,938,713 162,898,166 TOTAL ASSETS 404,674,924 386,918,404 LIABILITIES Current Liabilities Other financial liabilities, current 1,204,846 581,930 Current lease liabilities 21,180,182 18,857,204 Current trade and other current accounts payable 26,481,351 27,984,403 Current accounts payable to related parties - - Other short-term provisions 4,152,758 9,976,546 Current tax liabilities - - Current provisions for employees benefits 9,801,402 10,628,368 Other non-financial liabilities, current 5,238,202 2,824,792 Total Current Liabilities 68,058,741 70,853,243 Non-Current Liabilities Other non-current financial liabilities 24,725 - Other non-current liabilities, leases 67,009,879 59,917,922 Other non-financial non-current liabilities 8,111 6,921 Total Non-Current Liabilities 67,042,715 59,924,843 TOTAL LIABILITIES 135,101,456 130,778,086 SHAREHOLDER'S EQUITY Paid-in capital 24,242,787 24,242,787 Retained earnings 217,361,518 205,844,207 Issue premium 17,386,164 17,386,164 Other reserves 9,867,468 7,863,782 Equity attributable to equity holders of the parent 268,857,937 255,336,940 Non-controlling interest 715,531 803,378 Total Net Equity 269,573,468 256,140,318 TOTAL NET EQUITY AND LIABILITIES 404,674,924 386,918,404 FORUS S.A. & SUBSIDIARIES CONSOLIDATED BALANCE SHEETS expressed in Thousands of Chilean Pesos, as of
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Second Quarter 2026 20 and for the quarters June 2026 June 2025 2Q26 2Q25 Th Ch$ Th Ch$ Th Ch$ Th Ch$ Revenues 210,306,170 206,157,890 115,384,131 111,644,982 Cost of Sales (97,116,383) (96,135,549) (52,907,246) (50,857,889) Gross Margin 113,189,787 110,022,341 62,476,885 60,787,093 Other incomes of total operation 572,193 426,018 446,384 289,795 Logistic costs (2,509,037) (2,443,725) (1,268,491) (1,125,854) Administrative Expenses (93,888,558) (84,976,568) (50,314,197) (44,895,185) Other expenses of total operation (301,350) (165,964) (115,272) (109,594) Other gains or (losses) (147,115) 198,911 (152,929) 70,499 Financial Income 735,730 1,540,974 466,358 825,084 Financial Expenses (2,863,864) (2,742,841) (1,415,004) (1,378,456) Participation in gains (losses) of joint venture businesses accounted - - - - by using the proportional value of participation Exchange Differentials 784,262 (1,298,187) (6,254) (535,825) Income/(expenses) from Inflation Adjusted Units 1,264,396 426,440 598,030 88,932 Profit before income tax 16,836,444 20,987,399 10,715,510 14,016,489 Income Taxes (5,319,133) (5,766,597) (3,260,305) (3,785,630) Profit (loss) before minority interest 11,517,311 15,220,802 7,455,205 10,230,859 Minority interest (87,855) 53,213 (10,057) 47,890 Net Income (Loss) 11,605,166 15,167,589 7,465,262 10,182,969 Earnings per share $ 44.9 $ 58.7 $ 28.9 $ 39.4 expressed in Thousands of Chilean Pesos for the end of the periods of FORUS S.A. & SUBSIDIARIES CONSOLIDATED INCOME STATEMENT
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Second Quarter 2026 21 June 2026 June 2025 Th Ch$ Th Ch$ Cash Flows Originating from (used in) Operating Activities Types of Earnigns from operating activities Earnings from sales of goods and rendering of services 237,754,399 232,563,323 Earnings from premiums and benefits, annual payments and other benefits of subscribed policies - - Other earnings from operating activities 44,986 40,520 Types of Payment Payments to suppliers for the supply of goods and services (155,539,287) (164,700,617) Payments to and on behalf of employees (34,444,918) (33,716,022) Payments for premiums and benefits, annuities and other obligations derived from the policies subscribed (66,807) (29,057) Other payments for operating activities (191,468) (105,711) Net cash flows originating from (used in) the operation 47,556,905 34,052,436 Income taxes paid (reimbursed), classified as operating activities 2,898,439 1,620,572 Other cash inflows (outflows), classified as operating activities (11,332,291) (7,440,224) Cash flows from (used in) operating activities 39,123,053 28,232,784 Cash Flows Originating from (used in) investment activities Cash flows used to gain control of subsidiaries or other businesses, classified as investment activities - - Other charges for the sale of equity or debt instruments of other entities, classified as investment activities - - Cash flows from sales of property, plant and equipment, classified as investing activities - - Purchases of property, plant and equipment, classified as investment activities (10,965,721) (6,054,315) Purchases of intangible assets, classified as investment activities (1,501,266) (1,076,507) Amounts from long-term assets classified as investment activities 141,752 - Purchases of other long-term assets classified as investment activities (158,002) (328,470) Interest received, classified as investment activities 1,804 429 Other cash inflows (outflows), classified as investment activities (8,696,428) 2,675,868 Cash Flows Originating from (used in) investment activities (21,177,861) (4,782,995) Cash Flows Originating from (used in) financing activities Amounts from loans, classified as financing activities 12,581,843 19,228,719 Loans Reimbursements, classified as financing activities (11,135,418) (17,863,905) Payments of lease liabilities (18,446,680) (15,418,219) Dividends paid, classified as financing activities (7,050,565) (8,101,263) Interest paid, classified as financing activities (97,665) (170,579) Other cash inflows (outflows), classified as financing activities - - Cash flows from (used in) financing activities (24,148,485) (22,325,247) Increase (decrease) in cash and cash equivalents, before the effect of the changes in the exchange rate (6,203,293) 1,124,542 Effects of the Exchange Rate Variation on Cash and Cash Equivalents Effects of the Exchange Rate Variation on Cash and Cash Equivalents 766,588 484,523 Increase (decrease) of the Cash and Cash Equivalents (5,436,705) 1,609,065 Cash and Cash Equivalents (Initial Balance) 28,090,756 22,858,031 Cash and Cash Equivalents (Final Balance) 22,654,051 24,467,096 FORUS S.A. CONSOLIDATED CASH FLOW STATEMENT expressed in Thousands of Chilean Pesos, as of
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Second Quarter 2026 22 FORUS is leading Chilean phygital retail company, focused on the customer experience, connecting people to the brands that move them. The Company, which designs, markets and distributes proprietary and international brands of footwear, apparel, accessories and beauty/wellness, was founded in 1980 and, to date, has 440 stores and 5 0 e-commerce websites in Chile, Peru, Colombia and Uruguay (and one e -commerce website in Spain) . FORUS operates a portfolio of 26 brands, which includes CAT, RKF, Columbia, Under Armour, Parfois, Merrell, BSoul, VANS, Hush Puppies, Crocs, L’OCCITANE en Provence, Azaleia and Norseg, among others. Address: Av. Las Condes N° 11.281, Tower C Las Condes Santiago, Chile Contact: Isabel Darrigrandi Head of Investor Relations Email: ir@forus.cl Website: www.forus.cl