Interim report
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BIKE24 BUILD YOUR RIDE 30 JUNE 2026 HALF - YEAR FINANCIAL REPORT
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2 BIKE24 | Half-year financial report 2026 Table of contents At a glance 3 Interim Group management report 4 About this report 4 Foundations of the Group 4 Macroeconomic Conditions 4 Business Performance 6 Revenue and earnings performance 7 Net Assets and Financial Position 8 Overall Assessment 10 Forecast 10 Opportunities and Risks 11 Interim consolidated financial statements 12 I. Consolidated Statement of Profit or Loss and Other Comprehensive Income 13 II. Consolidated Balance Sheet 14 III. Consolidated Cash Flow Statement 15 IV. Consolidated Statement of Changes in Equity 16 V. Selected explanatory notes to the unaudited condensed interim consolidated financial statements 17 Responsibility Statement 29 General information 30
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At a glance 1 Compared with the same period last year 2 Compared with 31 December 2025 3 Based on the last twelve months 4 Defined as cash outflow/inflow from operating activities before income tax, less cash outflow from investing activities 5 Changes are presented to reflect the underlying economic development Q2 2026 H1 2026 Revenue1 EUR 96.1 Mio. + 2 0 .1 % EUR 166.9 Mio. + 2 0 . 8 % Adjusted EBITDA1 EUR 5.9 Mio. + 1 5 . 8 % EUR 7.7 Mio. + 3 5 . 7 % Adjusted EBITDA margin1 6 .1 % – 0.2 PP 4 . 6 % + 0.5 PP Free cash flow1, 4 EUR – 8.6 Mio. – 4 2 2 .1 %5 EUR – 8.1 Mio. – 4 2 8 . 8 % Cash and cash equivalents 2 EUR 10.6 Mio. – 4 4 . 5 % EUR 10.6 Mio. – 4 4 . 5 % Active customer base3 1,244,368 + 2 1 . 7 % 1,244,368 + 2 1 . 7 % Average order value1 EUR 139 – 0 . 5 % EUR 142 + 0 . 2 % Number of orders1 704,113 + 2 2 . 3 % 1,187,913 + 2 1 . 3 % Orders from returning customers 1 71.5 % + 1.0 PP 7 1 . 6 % + 1.0 PP Average number of orders per active customer1 1.4 + 3 . 9 % 1.6 + 3 . 3 %
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4 BIKE24 | Half-year financial report 2026 Interim Group management report About this report This interim group management report provides information on the first half of 2026. In accordance with the option provided for in Section 52(3) of the Frankfurt Stock Exchange Rules, no review in accordance with Section 115 of the German Securities Trading Act (WpHG) or audit in accordance with Section 317 of the German Commercial Code (HGB) of the interim group management report and the condensed interim consolidated financial statements was carried out. Foundations of the Group The disclosures provided in the 2025 Annual Report concerning the Group’s business model, strategy and objectives, management system, research and development activities as well as sustainability matters, remain valid as at the date of authorisation of this Interim Financial Report. No changes were made to the Group’s structure during the first six months of 2026. Macroeconomic Conditions The macroeconomic environment in the first half of 2026 was characterised by weak economic momentum and a significant escalation of geopolitical risks. In particular, the war between Iran, the United States and Israel, which escalated in the spring, weighed on the global economy through higher energy prices and disruptions to key transport and supply chains.1 In the euro area, the war in the Middle East dampened the economic outlook. The Eurosystem’s projections, published in June 2026, forecast real GDP growth of 0.8 %for 2026 and average inflation, as measured by the Harmonised Index of Consumer Prices (HICP), of 3.0 %. Compared with the March projection, growth for 2026 was revised downwards by 0.1 percentage points. The ECB cites higher energy prices, increased uncertainty and weaker consumer demand as the main headwinds. 2 In Germany, too, economic performance remained subdued at the mid-year point. According to the Federal Ministry for Economic Affairs and Energy, higher energy prices and supply chain disruptions had placed a noticeable strain on economic activity in the spring. By mid-July, the available indicators pointed to a cautious stabilisation.¹ The inflation rate in Germany rose from 1.9 % in February to 2.9 % in April 2026, before falling to 2.3 % in June. According to the Federal Statistical Office, energy prices remain a key driver of inflation as a result of the war in Iran. 3 The GfK Consumer Climate Index stabilised at a low level of – 29.7 in June 2026. The slight improvement of 0.5 points was due to somewhat more positive income expectations. By contrast, the propensity to spend remained low, whilst the propensity to save remained high. Overall, consumer sentiment thus remained subdued. 4 The German online retail sector performed well overall in the first half of 2026, albeit with varying trends. According to the bevh consumer survey, online purchases in the second quarter rose by 8.5 % and 4.4 % respectively in the ‘leisure’ and ‘clothing’ sectors – which are relevant to BIKE24 – compared with the same quarter of the previous year.5 1 The economic situation in Germany in July 2026 | BMWE 2 Eurosystem staff macroeconomic projections for the euro area, June 2026 3 Inflation rate in June 2026 at + 2.3 % – Federal Statistical Office 4 Consumer confidence remains weak but stable | NIM 5 First half of the year in online retail: Germans’ willingness to spend returns | BEVH
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5 BIKE24 | Half-year financial report 2026 Market data for the German bicycle industry for 2025, published in March 2026, showed a 3.9 % decline in sales of bicycles and e-bikes to around 3.8 million units, as well as a 7.7 % fall in industry turnover to EUR 5.85 billion. 6 In the first half of 2026, the market began to stabilise, following significant declines in sales recorded by the sector in previous years. Whilst bicycle retailers are already noticing the first signs of a revival in demand, manufacturers remain cautious in their assessment of future market developments. 7 The market is expected to continue stabilising in the second half of 2026. This development is supported in particular by the continued reduction of stock levels and additional potential for value creation in the areas of leasing, servicing and workshop business. Overall, the economic conditions in the first half of 2026 provided only limited tailwind. Positive momentum from online retail and a cautious stabilisation of the bicycle sector were offset by fragile consumer sentiment, increased energy and transport costs, supply chain risks resulting from the war in Iran, and intense price and competitive pressure. 6 Resilient in the face of headwinds: the bicycle industry remains stable in 2025 – new business areas strengthen the sector – ZIV – The Bicycle Industry 7 https://www.sazbike.de/wissen/premium/aufgehort-zu-fallen-noch-nicht-im-steigen-die-aktuellen-branchenzahlen-2/
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6 BIKE24 | Half-year financial report 2026 Business Performance The BIKE24 Group’s (BIKE24) business performance in the first half of 2026 was characterised by continued dynamic growth. Despite a bicycle market that remained weak and characterised by intense price competition, BIKE24 in - creased its revenue by 20.8 % compared with the same period last year to EUR 166.9 million. The company thus once again outperformed the market significantly and gained further market share. This growth spanned all key European markets and product groups, underlining the competitive strength of the business model. In the second quarter, revenue rose by 20.1 % to EUR 96.1 million. The Parts, Accessories and Clothing (PAC) product group grew by 22.3 % to EUR 78.9 million, whilst the bicycles product group recorded an 11.0% increase in revenue to EUR 17.2 million. This performance confirms that BIKE24 is successfully capitalising on the ongoing consolidation in the European bicycle industry to further strengthen its market position. Once again, the European localisation strategy provided a significant boost to growth. In the first half of the year, revenue in the localised markets rose by 29.9 % to EUR 39.0 million, whilst growth in the GSA region stood at 18.6 %. In the second quarter, too, the localised markets performed significantly above average, growing by 29.7 % to EUR 21.5 million, compared with growth in the GSA region of 17.2 % to EUR 66.4 million. This development underscores the increasing effectiveness of the European platform strategy. At the end of June 2026, BIKE24 expanded its local - isation strategy to include the Danish and Slovenian markets. This was followed in July 2026 by the launch of the localised online shop in Ireland. With these three additional country-specific online shops, BIKE24 is strengthening its local market presence and customer engagement, whilst also laying the foundations for further growth in these markets. High product availability remained a key competitive advantage. BIKE24 made targeted investments in inventories to meet demand and ensure product availability for the second half of the year. As at 30 June 2026, inventories stood at EUR 91.6 million, of which EUR 66.2 million was attributable to the PAC product group and EUR 25.5 million to the bicycle product group. The ratio of inventory to revenue for the last 12 months remained virtually unchanged at 28.8 %, compared with 28.7 % in the same period of the previous year. This shows that the build-up in inventory was largely in line with business performance. At the same time, the full integration of the logistics centre in Barcelona, the expanded delivery options for bicycles via Collect & Ride, and the expanded operational network with additional partners are supporting the scaling of the business and customer satisfaction. Overall, the operating cost base grew at a slower rate than revenue. Gross profit rose by 20.7 % to EUR 44.3 million in the first half of the year, whilst the gross margin remained at 26.6 %, in line with the same period last year. Higher expenditure on performance marketing supported further customer acquisition. At the same time, expansion into localised markets led to a slight increase in fulfilment costs relative to revenue due to changes in the shipping structure. Furthermore, the underlying economies of scale could not yet be fully utilised during the reporting period, as the expansion of the company’s own capacities lagged behind the strong growth in revenue and order volumes in some cases. Nevertheless, adjusted EBITDA rose by 35.7 % to EUR 7.7 million; the adjusted EBITDA margin improved from 4.1 % to 4.6 %. BIKE24 thus continues to pursue a balanced approach between revenue growth, market share gains and profitability, and is laying the foundations for further profitable growth through investments in stock, internal capacity and infrastructure.
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7 BIKE24 | Half-year financial report 2026 Revenue and earnings performance BIKE24 generated revenue of EUR 166.9 million in the first six months of 2026. This represents a 20.8 % increase in revenue compared with the same period last year (6M 2025: EUR 138.1 million). Revenue of EUR 113.4 million came from the core GSA market, where it rose by 18.6 % (6M 2025: EUR 95.6 million). In the localised countries, revenue rose by 29.9 % to EUR 39.0 million (6M 2025: EUR 30.0 million), whilst revenue in the remaining EU countries grew by 26.4 % to EUR 12.8 million (6M 2025: EUR 10.1 million). A small proportion, amounting to EUR 1.7 million, is shipped worldwide and has fallen by 28.6 % compared with the same period last year (6M 2025: EUR 2.4 million). At 26.6 %, the gross margin was exactly the same as in the same period of the previous year (6M 2025: 26.6 %). Personnel expenses rose by 13.3 % in the first half of 2026 compared with the same period last year, to EUR 14.7 million (6M 2025: EUR 12.9 million). This was due not only to higher wage and salary costs but, in particular, to the increased use of temporary agency workers as a result of higher capacity utilisation and the rise in order volume. Other operating expenses amounted to EUR 22.3 million, exceeding the previous year’s level by EUR 3.5 million or 18.6 % (6M 2025: EUR 18.8 million). This was primarily due to a 21.2 % increase in selling expenses to EUR 14.6 million (6M 2025: EUR 12.0 million), which can be attributed to the strong growth in business volume. The increased pro - portion of revenue generated outside Germany, together with higher dispatch costs, meant that selling expenses rose slightly more sharply than revenue. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by EUR 2.6 million, or 53.0 %, to EUR 7.6 million (6M 2025: EUR 5.0 million). Adjusted for extraordinary items amounting to EUR 0.1 million, which relate exclusively to expenses for the share option plan, Earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) amounted to EUR 7.7 million, compared with EUR 5.6 million in the same period of the previous year. This corresponds to an adjusted EBITDA margin of 4.6 % (6M 2025: 4.1 %). The (unadjusted) operating profit (EBIT) stood at EUR – 1.0 million, compared with EUR – 3.3 million in the same period of the previous year. This includes amortisation on the brand and customer base amounting to EUR 4.9 million (6M 2025: EUR 4.8 million). The extension of the loan agreement resulted in a one-off effect on interest expense of EUR 0.2 million. In the previous year, the amendment to the loan agreement and the resulting modification of the contractual payments led to a one-off effect of EUR 1.1 million on interest expense. After deducting interest and taxes, the BIKE24 Group reported a net profit of EUR – 1.6 million (6M 2025: EUR – 4.0 million) for the first half of the 2026 financial year, an improvement of EUR 2.4 million.
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8 BIKE24 | Half-year financial report 2026 Net Assets and Financial Position Net Assets The Group’s total assets increased by 7.2 %, or EUR 15.7 million, to EUR 233.0 million as at 30 June 2026, compared with EUR 217.3 million as at 31 December 2025. Non-current assets fell by 6.0 %, or EUR 7.5 million, to EUR 117.0 million compared with 31 December 2025 (EUR 124.5 million). Of the investments in non-current assets totalling EUR 1.0 million, EUR 0.8 million relates to investments in intangible assets, in particular in-house software developments. These investments were offset by depreciation and amortization of EUR 8.6 million. Current assets rose by 25.0 %, or EUR 23.2 million, to EUR 116.0 million compared with 31 December 2025 (EUR 92.8 million). This was driven by a strategically targeted expansion of inventories by 42.7 %, or EUR 27.4 million, to EUR 91.6 million compared with 31 December 2025 (EUR 64.2 million). Within other assets, VAT receivables and receivables from supplier bonuses increased. Cash and cash equivalents fell from EUR 19.0 million as at 31 December 2025 to EUR 10.6 million at the end of the second quarter of 2026. Equity fell slightly by 1.2 %, or EUR 1.5 million, to EUR 122.5 million, compared with EUR 124.0 million as at 31 December 2025. The equity ratio has fallen to 52.6 % (31 December 2025: 57.1 %). Non-current liabilities decreased by 7.7 %, or EUR 4.3 million, due to regular principal repayments and the resulting reclassification between non-current and current liabilities to banks. On 11 March 2026, the existing syndicated loan agreement was further extended on unchanged terms until 30 April 2028. As in the previous year, other financial liabilities relate exclusively to lease liabilities and fell slightly by 7.3 %, or EUR 1.0 million. In the second quarter, a scheduled repayment of the loan amounting to EUR 2.0 million was made. Owing to strong growth and the need to ensure the availability of goods, the revolving credit facility of EUR 4.0 million was drawn down in the second quarter. As at 30 June 2026, EUR 8.1 million is therefore reported as a current liability to banks. Trade payables increased by 106.8 %, or EUR 12.0 million, to EUR 23.2 million during the reporting period. This was due, on the one hand, to the targeted build-up of inventory; on the other hand, liabilities as at 31 December 2025 were below normal levels as a result of the scheduled mid-month suspension of deliveries. To lay the foundations for further growth, goods received in the first half of 2026 were significantly higher than in the same period of the previous year. Other liabilities, which mainly relate to contractual liabilities arising from deferred revenue, VAT liabilities owed to foreign tax authorities and provisions for personnel expenses, increased by EUR 5.4 million compared with 31 December 2025 to EUR 24.4 million (31 December 2025: EUR 19.0 million). Overall, current liabilities as at 30 June stood at EUR 59.4 million, which was EUR 21.5 million higher than the level recorded on the comparable reporting date of 31 December 2025.
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9 BIKE24 | Half-year financial report 2026 Financial Position From its operating activities, BIKE24 generated a negative operating cash flow of EUR – 7.1 million in the first six months of 2026 (previous year: EUR 4.3 million). Despite an improvement in earnings of EUR 2.4 million, operating cash flow was thus EUR – 11.4 million lower than the previous year’s figure. The main driver of this development is the strategically planned build-up of inventories in line with the positive business performance and outlook. Cash outflow from investing activities, at EUR 1.0 million, was slightly higher than the previous year’s figure of EUR 0.9 million. Investments in the first six months of 2026 were predominantly attributable to intangible assets, in particular capitalised in-house work. The focus was on the development of a new system to automate and optimise purchasing and supply chain processes. From financing activities, BIKE24 recorded a cash outflow of EUR 0.4 million, following a cash outflow of EUR 3.9 million in the same period of the previous year. This resulted primarily from interest payments, fees for the renewal of the loan agreement, the scheduled repayment of the loan amounting to EUR 2.0 million, and payments for lease liabilities. At the same time, BIKE24 strengthened its financial flexibility by utilising the revolving credit facility of EUR 4.0 million. The funds were used to finance the Group’s growth and the associated additional working capital require- ments. In the same period of the previous year, a scheduled repayment of the loan amounting to EUR 1.0 million was made. As at the balance sheet date, cash and cash equivalents therefore amounted to EUR 10.6 million, compared with EUR 19.0 million at the end of the 2025 financial year, thereby ensuring sufficient liquidity. Furthermore, BIKE24 has a credit facility of EUR 32.0 million, of which EUR 26.0 million had been utilised as at 30 June 2026; a further EUR 2.0 million is reserved under a guarantee.
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10 BIKE24 | Half-year financial report 2026 Overall Assessment In a market environment that remains weak, BIKE24 has succeeded in growing significantly faster than the bicycle market and further expanding its market position. Business developed particularly well in the localised markets, where growth underscores the increasing impact of the European platform strategy. High product availability proved to be a key competitive factor. Targeted investments in stock supported growth and customer satisfaction and, together with investments in operational infrastructure, lay the foundations for further business development. Forecast A challenging economic environment and ongoing geopolitical uncertainties are also expected for the remainder of the year. Nevertheless, BIKE24 considers itself well-positioned thanks to the market position it has achieved, high product availability and the operational foundations it has established. Accordingly, the Company confirms its guidance for the 2026 financial year, expecting revenue in the range of EUR 318 million to EUR 332 million and adjusted EBITDA of between EUR 16.0 million and EUR 20.0 million.
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Opportunities and Risks The basic framework for risk assessment has not changed from that set out in the Group Management Report for the 2025 financial year. The key risks facing BIKE24 remain unchanged. The macroeconomic situation, the persistently subdued consumer sentiment and the continuing price pressure in parts of the bicycle market continue to pose significant risks to BIKE24’s business. At the same time, current industry data indicate that the market is becoming increasingly stable. Despite these conditions, BIKE24 recorded positive business performance in the second quarter of 2026 as well, with sustained double-digit growth rates. The increase in revenue and the improved earnings performance are lead - ing to a further strengthening of the financial and liquidity position. The resulting financial flexibility is being used specifically to support business expansion. At the same time, strict management of cash flows and working capital remains necessary, particularly against the backdrop of continued growth. Based on current corporate planning, there are no indications of a breach of the covenants agreed with the financing partners. Geopolitical tensions in the Middle East continue to be monitored. Direct impacts on BIKE24’s core business are currently assessed as limited. However, possible indirect effects – particularly as a result of rising transport and energy costs, as well as weaker consumer sentiment – cannot be ruled out. In addition to the risks, long-term industry trends also present opportunities. The ongoing expansion of sustainable forms of transport, the growing number of bicycles and e-bikes on the road, and rising transport costs may further boost demand for bicycles, e-bikes, and spare parts and accessories. Following a thorough analysis of the overall risk situation, there are, as things stand, no risks that could jeopardise the continued existence of the BIKE24 Group. Dresden, 11 August 2026 The Management Board Andrés Martin-Birner Sylvio Eichhorst 11 BIKE24 | Half-year financial report 2026
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INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1 January 2026 to 30 June 2026 Condensed interim consolidated financial statements in accordance with Section 115 of the German Securities Trading Act (WpHG) for the half-year from 1 January 2026 to 30 June 2026 and the quarter from 1 April 2026 to 30 June 2026 in accordance with International Financial Reporting Standards (IFRS), as adopted by the European Union, for Bike24 Holding AG
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13 BIKE24 | Half-year financial report 2026 in EUR k, except for information on shares and earnings per share, unaudited Note 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Revenue and other income Revenue D.1 166,851 138,085 96,115 80,043 Other income 238 211 49 118 Total income 167,088 138,296 96,164 80,162 Operating expenses Personnel expenses D.2 – 14,651 – 1 2 , 9 3 5 – 7, 7 8 0 – 6 , 8 5 1 Expenses for merchandise, consumables and supplies D.3 – 1 2 2 , 5 1 9– 1 0 1 , 3 5 3– 6 9 , 8 1 4 – 5 7, 9 0 9 Impairment loss on trade receivables – 23 – 2 4 3 – 1 6 – 1 3 8 Other expenses D.4 – 2 2 , 3 0 9 – 1 8 , 8 0 7 – 12,697 – 10,239 Depreciation and amortisation D.5 – 8 , 5 5 4 – 8 , 2 0 8 – 4 , 2 8 7 – 4,104 Total operating expenses – 1 6 8 , 0 5 6– 141,546 – 94,594 – 7 9, 241 Earnings before interest and taxes (EBIT) – 9 6 8 – 3 , 25 0 1,570 921 Finance income and expense Finance income 52 70 6 13 Finance expense – 1,349 – 2,626 – 6 1 3 – 684 Finance expense, net – 1 , 2 9 7 – 2 , 5 5 6 – 6 0 7 – 671 Profit/Loss before tax – 2 , 2 6 5 – 5 , 8 0 5 963 250 Income taxes D.6 682 1,840 – 323 0 Result for the period – 1,582 – 3 , 9 6 6 641 249 Other comprehensive profit/loss – – – – Comprehensive profit/loss – 1, 5 8 2 – 3 , 9 6 6 641 249 Earnings per share Basic earnings per ordinary share D.7 – 0.04 € – 0.09 € 0.01 € 0.01 € Diluted earnings per ordinary share D.7 – 0.04 € – 0.09 € 0.01 € 0.01 € Weighted average number of ordinary shares outstanding (basic) D.7 44,165,427 44,165,427 44,165,427 44,165,427 Weighted average number of ordinary shares outstanding (diluted) D.7 44,165,427 44,165,427 44,165,427 44,165,427 I. Consolidated Statement of Profit or Loss and Other Comprehensive Income
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II. Consolidated Balance Sheet 14 BIKE24 | Half-year financial report 2026 in EUR k Note 30 June 2026 unaudited 31 December 2025 audited Assets Intangible assets E.1 88,943 94,424 Property, plant and equipment E.2 27,276 29,299 Financial assets E.3 793 793 Non-current assets 117, 0 13 124,516 Inventories E.4 91,631 64,209 Other assets E.5 11,936 8,433 Trade and other receivables 1,852 1,112 Cash and cash equivalents 10,557 19,033 Current assets 115,976 92,787 Total assets 232,989 217, 303 Equity Subscribed capital 44,165 44,165 Capital reserves 180,289 180,220 Retained loss – 101,947 – 100,365 Total equity 122,508 124,021 Liabilities Liabilities to banks E.6 1 7 , 7 2 7 20,372 Other financial liabilities 12,480 13,465 Provisions 936 865 Deferred tax liabilities 19,906 20,604 Non-current liabilities 51,050 55,307 Liabilities to banks E.6 8,050 4,037 Other financial liabilities E.9 1,988 1,951 Provisions E.7 1,218 1,202 Other liabilities E.8 24,427 19,001 Income tax liabilities 587 587 Trade payables E.10 23,162 11,198 Current liabilities 59,431 37, 975 Total liabilities 110,481 93,282 Total equity and liabilities 232,989 217, 303
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15 BIKE24 | Half-year financial report 2026 in EUR k, unaudited Note 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 Amended interest statement 1 January 2025 – 30 June 2025 Interest statement for the previous year Cash flows from operating activities Result for the period – 1, 5 8 2 – 3 , 9 6 6 – 3 , 9 6 6 Adjustments for: – Depreciation and amortisation D.5 8,554 8,208 8,208 – Losses from the disposal of fixed assets – 4 4 – Finance income – 5 2 – 70 – 70 – Finance expense 1,349 2,626 2,626 – Income from income tax D.6 – 6 8 2 – 1 , 8 4 0 – 1 , 8 4 0 – Share-based compensation expenses D.2 69 71 71 Result for the period after adjustments 7,655 5,033 5,033 Changes in: – Inventories E.4 – 2 7, 4 2 2 – 1 1 ,1 74 – 1 1 ,1 74 – Trade and other receivables – 74 0 – 4 9 9 – 4 9 9 – Other assets E.5 – 4,059 – 2 , 6 4 0 – 2 , 6 4 0 – Trade payables E.10 11,964 10,303 10,303 – Other liabilities E.8 5,427 2,202 2,202 – Provisions E.7 86 103 103 Cash generated from operating activities before interest and income tax – 7, 0 8 9 3,328 3,328 Interest paid – – – 1 , 8 9 4 Income tax paid (refunded) – 1 1 935 935 Cash outflow (previous year: cash inflow) from operating activities – 7,10 0 4,263 2,369 Cash flows from investing activities Interest received 42 63 – Acquisition of property, plant and equipment – 2 7 3 – 318 – 318 Acquisition of intangible assets – 770 – 6 1 3 – 6 1 3 Cash outflow from investing activities – 1, 0 0 1 – 8 6 8 – 931 Cash flows from financing activities Proceeds from liabilities to banks E.6 4,000 – – Repayment of liabilities to banks E.6 – 2,000 – 1 , 0 0 0 – 1 , 0 0 0 Interest paid – 1 , 4 2 1 – 1 , 9 5 7 – Payment of lease liabilities – 9 5 4 – 9 7 6 – 9 7 6 Cash outflow from financing activities – 374 – 3,933 – 1,976 Decrease in cash and cash equivalents – 8,476 – 5 3 7 – 5 3 7 Cash and cash equivalents at the beginning of the period 19,033 13,928 13,928 Cash and cash equivalents at the end of the period 10,557 13,391 13,391 Free cash flow before tax – 8,090 2,461 2,461 III. Consolidated Cash Flow Statement
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16 BIKE24 | Half-year financial report 2026 in EUR k Subscribed capital Nominal value of own shares Capital reserves Retained loss Total equity Balance as of 1 January 2026 44,166 – 1 180,220 – 100,365 124,021 Share-based compensation – – 69 – 69 Result for the period – – – – 1 , 5 8 2 – 1 , 5 8 2 Comprehensive loss – – – – – Comprehensive profit/loss – – – – 1 , 5 8 2 – 1 , 5 8 2 Balance as of 30 June 2026 44,166 – 1 180,289 – 1 0 1, 9 47 122,508 in EUR k Subscribed capital Nominal value of own shares Capital reserves Retained loss Total equity Balance as of 1 January 2025 44,166 – 1 180,114 – 9 9 , 7 8 3 124,497 Share-based compensation – – 71 – 71 Result for the period – – – – 3 , 9 6 6 – 3 , 9 6 6 Comprehensive loss – – – – – Comprehensive profit/loss – – – – 3 , 9 6 6 – 3 , 9 6 6 Balance as of 30 June 2025 44,166 – 1 180,185 – 103,749 120,602 IV. Consolidated Statement of Changes in Equity
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17 BIKE24 | Half-year financial report 2026 V. Selected explanatory notes to the unaudited condensed interim consolidated financial statements Basis of the Condensed Consolidated Interim Financial Statements A.1 Company information Bike24 Holding AG (hereinafter referred to as the “Company” or, together with its subsidiaries, as the “BIKE24 Group”) is a public limited company that was incorporated in Germany on 22 August 2019 and is registered in the Commercial Register of the Dresden Local Court, Section B, under the official number 41483. The Company has its registered office at Breitscheidstraße 40, 01237 Dresden, Germany. The BIKE24 Group operates an e-commerce store and a local shop and is primarily engaged in the retail of high-quality bicycles, bicycle parts, bicycle accessories, cycling clothing, as well as running, swimming and outdoor equipment. The condensed interim consolidated financial statements of the BIKE24 Group have not been audited within the meaning of Section 317 of the German Commercial Code (HGB) nor have they been subject to a review in accordance with Section 115 of the German Securities Trading Act (WpHG), and were approved for publication by the Manage - ment Board on 11 August 2026. A.2 Accounting Principles These condensed interim consolidated financial statements as at 30 June 2026 and 30 June 2025 have been prepared in accordance with International Financial Reporting Standard 34 ‘Interim Financial Reporting’, as applicable in the European Union (‘EU’) (‘IFRS’). The condensed interim consolidated financial statements should be read in conjunc - tion with the consolidated financial statements for the financial year ended 31 December 2025, which were prepared in accordance with IFRS as adopted by the EU and taking into account the recommendations of the International Financial Reporting Standards Interpretations Committee (‘IFRIC’). The BIKE24 Group’s financial year ends on 31 December. All intra-group transactions are eliminated in the prepara - tion of the consolidated financial statements. The condensed interim consolidated financial statements have been prepared on the basis of historical cost, unless otherwise stated. The condensed interim consolidated financial statements have been prepared in euros (“EUR”), the functional currency of the Company and its subsidiaries. Unless otherwise stated, all amounts in these interim consolidated financial statements have been rounded to the nearest thousand in accordance with commercial practice. Differences arising from rounding may occur when adding individual amounts and percentages. A hyphen (“–”) indicates that an item is not applicable; a zero (“0”) indicates that an item has been rounded down to zero. The consolidated statement of profit or loss has been prepared using the full-cost method. The existing syndicated loan agreement was extended by a further amendment agreement dated 11 March 2026 until 30 April 2028 on unchanged terms. The condensed interim consolidated financial statements have been prepared on a going concern basis. The Manage - ment Board is of the view that the financial covenants can be met, even under a pessimistic scenario, meaning that the BIKE24 Group has sufficient resources to continue its business operations for the foreseeable future. The low market capitalisation was regarded as a ‘triggering event’, on the basis of which an event-driven impairment test was carried out in accordance with IAS 36.
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18 BIKE24 | Half-year financial report 2026 Information on new standards not yet applied: IFRS 18 ‘Presentation and Disclosure in Financial Statements’ IFRS 18 ‘Presentation and Disclosure in Financial Statements’ replaces the previous standard, IAS 1 ‘Presentation of Financial Statements’. The new standard is mandatory for all financial years beginning on or after 1 January 2027. The BIKE24 Group will apply IFRS 18 for the first time upon its mandatory effective date, i. e. for the financial year beginning on 1 January 2027. The BIKE24 Group has begun analysing the changes arising from IFRS 18 with regard to the presentation and disclo - sure requirements in the consolidated financial statements. However, at the time of preparing these interim financial statements, it is not yet possible to fully assess the specific impacts. Based on current estimates, it is expected that the application of IFRS 18 will result in the following changes in particular: The mandatory categorisation in the statement of profit or loss will lead to a change in the structure of the financial statements in future. In addition to the existing categories ‘Income tax’ and ‘Discontinued operations’, IFRS 18 also provides for the categories ‘Operating’, ‘Investing’ and ‘Financing’. Furthermore, the new standard requires the dis - closure of the new subtotals ‘Operating profit’ and ‘Profit before financing and income tax’. For the BIKE24 Group, this will result in particular changes to the presentation within the statement of profit or loss. In addition to the introduction of the new subtotals, there will, in particular, be shifts in the presentation of income and expenses between the ‘financial result’ previously reported and the ‘investing’ category, which will be presented separately in future. The BIKE24 Group does not engage in any specific principal business activities within the meaning of IFRS 18.49. In addition to these mandatory changes, the BIKE24 Group plans to prepare the statement of profit or loss using the cost-of-sales method from the financial year 2027 onwards. B. Summary of significant accounting policies The accounting policies applied by the BIKE24 Group in these condensed interim consolidated financial statements are consistent with those applied by the BIKE24 Group in its consolidated financial statements for the financial year 2025. Significant judgements, assumptions and estimation uncertainties The preparation of the BIKE24 Group’s condensed interim consolidated financial statements in accordance with IFRS requires the Management Board to make judgements, estimates and assumptions that affect the reported amounts of Assets, Liabilities, Income and Expenses, as well as the related Notes to the financial statements and the disclo - sure of contingent liabilities. Actual results may differ from these estimates. In preparing the condensed interim consolidated financial statements, the key judgements made by management in applying the BIKE24 Group’s accounting policies, as well as the main sources of estimation uncertainty, are the same as those in the consolidated financial statements for the financial year ended 31 December 2025.
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19 BIKE24 | Half-year financial report 2026 C. Segment reporting The BIKE24 Group comprises a single operating and reportable segment, based on how the chief operating decision- maker (CODM) assesses the BIKE24 Group’s profitability. EBITDA is used as the performance indicator; however, as this is only available at the level of the Group as a whole, there is only one segment. The following table sets out the BIKE24 Group’s revenue by region. The regions comprise the country in which the company is headquartered, as well as other key markets. For the purposes of presenting the geographical information, revenue has been broken down based on the geographical location of customers. in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Germany 91,762 76,619 53,222 45,247 Austria and Switzerland 21,643 18,972 13,141 11,381 Rest of the European Economic Area 51,754 40,125 28,902 22,277 Rest of the world 1,692 2,369 850 1,137 Total 166,851 138,085 96,115 80,043 With the exception of Germany, no other country accounted for more than 10 % of the BIKE24 Group’s revenue. Essentially, all amounts included in revenue derive from the sale of goods. No single customer contributed more than 10 % to the BIKE24 Group’s revenue in the financial years presented. Of the non-current assets, 91 % (31 December 2025: 91 %) are located in Germany; the remainder are in Spain.
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20 BIKE24 | Half-year financial report 2026 D. Notes to the Condensed Consolidated Interim Financial Statements, the Statement of Profit or Loss and Other Comprehensive Income D.1 Revenue Revenue by product category is as follows: in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Parts, accessories and clothing 137,273 112,855 78,920 64,547 Traditional and e-bikes 29,578 25,230 17,195 15,497 Total 166,851 138,085 96,115 80,043 Revenue growth of 20.8 % to EUR 166.9 million was driven in particular by gains in market share, the strong perfor - mance of localised markets and high product availability. D.2 Personnel expenses Personnel expenses were as follows: in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Wages and salaries – 10,242 – 8 , 9 6 1 – 5 , 2 1 4 – 4,613 Social security contributions – 2 , 2 0 5 – 2 ,1 1 8 – 1 ,1 1 0 – 1,046 Other personnel expenses – 2 ,1 3 4 – 1 , 7 8 5 – 1,439 – 1,152 Share-based compensation expenses – 6 9 – 7 1 – 1 7 – 4 0 Total – 14,651 – 12 , 9 3 5 – 7, 7 8 0 – 6 , 8 51 Personnel expenses for the half-year and quarter ending 30 June 2026 were higher than in the corresponding periods of the previous year. This increase is partly attributable to higher wage and salary costs. Furthermore, the rise in the volume of orders led to an increase in the use of temporary agency workers, which, amongst other things, resulted in a rise in other personnel expenses of EUR 349 thousand. In the first half of 2026, a (further) tranche of share options was granted under the existing share option scheme to the Management Board and 19 employees in management positions. The respective grant dates fell between 25 March and 20 April 2026. For each employee, the weighted fair value of their share options was calculated using the Black-Scholes formula based on the respective daily share price at the grant date or provisional grant date. In total, a further 194,993 share options were granted with a weighted average fair value of 0.88 Euro. No share options had been exercised as at 30 June 2026. The expense for the first half of 2026 amounts to EUR 69 thousand.
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21 BIKE24 | Half-year financial report 2026 D.3 Expenses for merchandise, consumables and supplies The increase in expenses for merchandise, consumables and supplies in the first half of 2026 and in the second quarter of 2026, compared with the corresponding periods of 2025, is in line with the growth in revenue. As in the previous year, the gross profit margin was maintained at 26.6 %. In the first half of 2026, expenses for merchandise, consumables and supplies included income from reversals of previous inventory write-downs amounting to EUR 999 thousand. These resulted mainly from the successful sale of old stock. In the corresponding period of the previous year, write-downs on inventories amounting to EUR – 613 thousand were recognised. D.4 Other expenses Other expenses are made up as follows: in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Distribution costs – 1 4 , 5 6 3 – 12,011 – 8 , 5 3 9 – 6 , 9 4 4 Performance marketing costs – 2 , 4 6 1 – 1,700 – 1 , 4 1 7 – 9 7 5 Other operating expenses – 5 , 2 8 6 – 5,096 – 2 , 74 1 – 2 , 3 2 0 Total – 2 2, 3 0 9 – 1 8 , 8 07 – 12 , 6 9 7 – 10,239 Selling expenses rose by 21.2 % compared with the same period last year, and thus slightly more than revenue (+ 20.8 %). This was due in particular to the higher proportion of revenue generated outside Germany and increased delivery costs. Performance marketing costs, at EUR 2,461 thousand, were higher than in the same period last year (EUR 1,700 thousand). D.5 Depreciation and amortisation Depreciation and amortisation are broken down as follows: in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 1 April 2026 – 30 June 2026 1 April 2025 – 30 June 2025 Amortization of intangible assets – 6 , 2 5 1 – 5 , 8 9 4 – 3 ,1 4 9 – 2 , 9 5 4 Depreciation of property, plant and equipment – 2 , 3 0 3 – 2 , 3 1 4 – 1 ,1 3 8 – 1,150 Total – 8 , 5 5 4 – 8 , 2 0 8 – 4 , 2 8 7 – 4,104 D.6 Income tax Current tax for the first half of 2026 was calculated on the basis of profit/loss before tax in accordance with local generally accepted accounting principles. The resulting tax income is recognised on the basis of the Management Board’s estimate of the weighted average effective annual income tax rate expected for the full financial year. This tax rate applies to the whole of 2026.
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22 BIKE24 | Half-year financial report 2026 D.7 Earnings per share In calculating diluted earnings per share as at 30 June 2026, 1,084,178 (30 June 2025: 953,702) options from the share option plan were excluded, as they would have had an anti-dilutive effect. E. Notes to the Condensed Consolidated Statement of Financial Position E.1 Intangible Assets Additions to intangible assets amounted to EUR 770 thousand in the first half of 2026 and EUR 405 thousand in the second quarter of 2026. Investments in internally generated intangible assets, which primarily relate to capitalised internal development costs for a new procurement system, amounted to EUR 720 thousand in the first half of 2026 and EUR 382 thousand in the second quarter of 2026. Impairment of Intangible Assets Due to its continued low market capitalisation, the BIKE24 Group performed a triggering-event impairment test at the level of the cash-generating units (CGUs) as at 30 June 2026. The recoverable amount of the CGU is determined on the basis of its value in use. The value in use is based on dis - counted cash flows that can be generated from the continued use of the CGU without any future expansion invest - ments. The key assumptions used to determine the value in use are the discount rates and revenue growth rates applied, the trend in the EBITDA margin, and the perpetual annuity based on free cash flow after tax. The values assigned to the key assumptions reflect the Management Board’s assessment of future trends in the relevant sectors and are based on historical data from both external and internal sources. Firstly, the discount rates are determined as after-tax rates, using historical sector averages of the weighted average cost of capital. On this basis, the corre - sponding pre-tax discount rates are then derived. In addition, a market risk premium and the risk-free interest rate for Germany were used in the calculation. The growth rates are based on industry growth forecasts. The cash flow forecasts prepared by the BIKE24 Group are based on the current business plan for the next five years, as approved by the Management Board. This plan incorporates the following growth assumptions: revenue growth of approximately 7.9% per annum over the next five years, driven by the growth strategy in the European market. The growth rate in the perpetual annuity is set at 1.5 %. The assumed growth rate for the perpetual annuity and the discount rates used to assess the impairment of the BIKE24 Group’s intangible assets were as follows: 30 June 2026 31 December 2025 Discount rate applied 11.25 % 1 1 . 7 2 % Perpetual growth rate 1.50 % 1.50 % Estimated annual revenue growth rate (average over the next 5 years) 7.86 % 7. 2 8 % Estimated EBITDA margin per annum (average over the next 5 years) 6.21 % 6.20 % Despite the market capitalisation remaining low, there were no indications of any need for an impairment as at 30 June 2026.
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23 BIKE24 | Half-year financial report 2026 E.2 Property, Plant and Equipment Investments in property, plant and equipment amounted to EUR 273 thousand in the first half of 2026 and EUR 135 thousand in the second quarter of 2026, relating mainly to investments in operating equipment and computer hard - ware. E.3 Financial Assets The financial assets relate to the investment in Spoks Bike Repair GmbH. As at the balance sheet date, there were no changes in fair value, so there was no impact on the statement of profit or loss. E.4 Inventories Inventory levels at the end of the second quarter of 2026 were 42.7 % higher than at the balance sheet date of 31 December 2025. In addition to the seasonal build-up of stock, this development is attributable to a strategic increase in inventory levels, which serves to underpin future growth targets and ensure above-average delivery capacity as a key competitive advantage for BIKE24. E.5 Other Assets The increase in other assets is primarily attributable to higher VAT receivables, increased bonus claims against suppliers and a rise in refund claims arising from returns. E.6 Liabilities to Banks Liabilities to banks relate to the syndicated loan agreement extended on 11 March 2026, which now runs until 30 April 2028. In addition, due to strong growth and the need to ensure the availability of goods in the second quarter of 2026, the revolving credit facility of EUR 4.0 million was drawn down. Consequently, as at 30 June 2026, EUR 8.1 million is recognised as liabilities to banks. The extension of the loan agreement resulted in a one-off effect on interest expense of EUR 0.2 million. E.7 Provisions Non-current other provisions include the non-current portion of the warranty provision amounting to EUR 869 thousand; the current portion of this provision, amounting to EUR 1,062 thousand, is included in current provisions. E.8 Other liabilities The increase in other liabilities is primarily attributable to the rise of EUR 1,551 thousand in VAT liabilities owed to foreign tax authorities, the increase of EUR 1,726 thousand in contractual liabilities, and the sales-related increase of EUR 1,057 thousand in the provision for returns.
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24 BIKE24 | Half-year financial report 2026 E.9 Other Financial Liabilities Other financial liabilities consist solely of lease liabilities. E.10 Trade Payables Trade payables increased as a result of the strategic build-up of inventories to ensure product availability and support further growth. In addition, as at 31 December 2025, trade payables were at a comparatively low level due to a scheduled mid-month suspension of deliveries. F . Financial instruments and financial risk management F .1 Classification and fair values The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. The table does not contain any information on the fair value of financial assets and financial liabilities that are not measured at fair value where the carrying amount provides a reasonable approx - imation of the fair value. By their nature, the carrying amounts of cash and cash equivalents, trade and other receivables, other assets, other financial liabilities and trade payables approximate their fair values.
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25 BIKE24 | Half-year financial report 2026 Balance as of 30 June 2026 in EUR k Carrying amount Total IFRS 9 category Level 1 Level 2 Level 3 Total Financial assets Non-current financial assets Financial investments 793 FVTPL – – 793 793 Current financial assets Trade and other receivables 1,852 AC – – – – Deposits and pledged bank accounts 1,469 AC – – – – Cash and cash equivalents 10,557 AC – – – – Total 14,672 – – 793 793 Financial liabilities Non-current financial liabilities Liabilities to banks 17,727 AC – – – – Other financial liabilities 12,480 N/A – – – – Current financial liabilities Liabilities to banks 8,050 AC – – – – Other financial liabilities 1,988 N/A – – – – Refund liability 4,624 AC – – – – Trade payables 23,162 AC – – – – Total 68,031 Balance as of 31 December 2025 in EUR k Carrying amount Total IFRS 9 category Level 1 Level 2 Level 3 Total Financial assets Non-current financial assets Financial investments 793 FVTPL – – 793 793 Current financial assets Trade and other receivables 1,112 AC – – – – Deposits and pledged bank accounts 1,252 AC – – – Cash and cash equivalents 19,033 AC – – – – Total 22,191 – – 793 793 Financial liabilities Non-current financial liabilities Liabilities to banks 20,372 AC – – – – Other financial liabilities 13,465 N/A – – – – Current financial liabilities Liabilities to banks 4,037 AC – – – – Other financial liabilities 1,951 N/A – – – – Refund liability 3,567 AC – – – – Trade payables 11,198 AC – – – – Total 54,589 – – – –
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26 BIKE24 | Half-year financial report 2026 Other financial liabilities consist entirely of lease liabilities that do not fall within the scope of IFRS 9. Financial instruments are not offset, as the BIKE24 Group does not meet the criteria for offsetting. Where no quoted prices are available on an active market, the BIKE24 Group uses valuation techniques that maximise the use of relevant observable input factors and minimise the use of unobservable input factors. The valuation technique employed takes into account all factors that market participants would consider when pricing such a transaction. The valuation model for equity investments is based on expected future cash flows. Due to the variable interest rate, and taking credit risk into account, the fair value of Liabilities to banks approximates the carrying amount. No reclassifications took place between the various levels of the fair value hierarchy in the first half of 2026. F .2 Capital Management The BIKE24 Group is financed through its day-to-day operations. In the short term, it is possible to draw down further revolving credit facilities based on the existing revolving credit facility agreements. For the purposes of capital management, the Group has established processes for planning and monitoring its liquidity and financing position. These include a continuously updated cash flow forecast, a weekly rolling liquidity forecast, daily cash monitoring and the approval of weekly bank transfers by the Management Board. As key performance indicators, the Management Board continuously monitors the development of cash and cash equivalents, as well as the ratio of net debt to the Group’s earnings before interest, tax, depreciation and amortisation (EBITDA). During the periods presented, the BIKE24 Group had sufficient liquid funds at all times to sustain its operating activities, thereby ensuring that the capital management objectives were met. Key performance indicators used to monitor capital management include revenue growth, changes in stock levels, payment terms, and interest and tax payments.
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27 BIKE24 | Half-year financial report 2026 G. Other information G.1 Related Party Transactions a) Remuneration of the Parent Company’s Management Board in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 Short-term employee benefits 508 430 Expenses relating to the share options plan 16 44 Other benefits 3 – Total 527 474 b) Other Transactions with Related Parties Transaction volume for the period from Outstanding balances as at in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 30 June 2026 30 June 2025 Supplies of goods from related parties 3 17 – 3 Total 3 17 – 3 Transactions with related parties relate primarily to supplies of goods. The balances are unsecured and were not impaired during the periods presented. c) Transactions with Members of the Supervisory Board in EUR k 1 January 2026 – 30 June 2026 1 January 2025 – 30 June 2025 Short-term benefits 72 72 Total 72 72 Other liabilities include EUR 128 thousand (previous year: EUR 105 thousand) in outstanding payments to the Super - visory Board.
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28 BIKE24 | Half-year financial report 2026 G.2 Events After the Reporting Date No events have occurred after 30 June 2026 that would have had a material impact on the condensed interim consolidated financial statements of the BIKE24 Group . Dresden, 11 August 2026 The Management Board Andrés Martin-Birner Sylvio Eichhorst
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29 BIKE24 | Half-year financial report 2026 Responsibility Statement We confirm to the best of our knowledge that, in accordance with the applicable accounting standards for half-yearly financial reporting, the condensed consolidated half-yearly financial statements give a true and fair view of the Group’s assets, financial position and results of operations, and that the Group’s interim managementreport, the course of business, including the operating results and the Group’s position, are presented in such a way as to give a true and fair view, and the significant opportunities and risks relating to the Group’s expected development for the remainder of the financial year are described. Dresden, 11 August 2026 The Management Board Andrés Martin-Birner Sylvio Eichhorst
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30 BIKE24 | Half-year financial report 2026 General information Forward-Looking Statements This document contains forward-looking statements relating to our future business performance and financial results, as well as to future events or developments concerning Bike24 Holding AG and its subsidiaries (collectively ‘BIKE24’). These statements can be identified by phrases such as ‘expect’, ‘intend’, ‘anticipate’, ‘plan’, ‘believe’, ‘aim’, ‘estimate’, ‘will’ and “predict” or similar terms. We may also make forward-looking statements in other reports, prospectuses, presentations, documents sent to shareholders and press releases. Furthermore, our representatives may from time to time make forward-looking statements verbally. Such statements are based on current expectations and certain assumptions made by BIKE24’s management and relate to circumstances, many of which lie outside BIKE24’s control. They are therefore subject to a variety of risks, uncertainties and factors, which are set out in publications – in par - ticular as described in the sections on the internal control and risk management system and on opportunities and risks in the Annual Report, and in the corresponding sections of the Half-Yearly Financial Report – but are not limited to these. Should one or more of these risks or uncertainties materialise, should events of force majeure, such as pandemics, occur, or should underlying expectations – including future events – fail to materialise or materialise at a later date, or should assumptions prove unfounded, the actual results, performance and achievements of BIKE24 (both negative and positive) may differ materially from those results expressly or implicitly stated in the forward- looking statements. Subject to any statutory provisions to the contrary, BIKE24 assumes no obligation and does not intend to update these forward-looking statements or to correct them in the event of developments differing from those expected. Alternative Performance Measures In addition to the financial measures prepared in accordance with IFRS, BIKE24 presents alternative performance measures, such as adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT and free cash flow, which are not required by accounting standards. These measures should be regarded as a supplement to, but not a substitute for, the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or any other generally accepted accounting standards. Other companies may use different definitions for these terms.
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Bike24 Holding AG Breitscheidstraße 40 01237 Dresden ir@bike24.net