Interim report
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FINANCIAL REPORT Einhell Germany AG – 30th June 2026
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Half year report as at 30 June 2026 1 Contents At a glance Financial figures Condensed Group management report General economic conditions Performance report Personnel and HR services Financial performance and net assets Investments Current assets and liabilities Group structure Investor relations Financing Note to the financial report Corporate Governance Code Risk report Forecast Consolidated statement of financial position Consolidated income statement Consolidated statement of comprehensive income Consolidated statement of cash flows Consolidated statement of changes in equity Condensed IFRS notes Principles and methods used in preparing the con- solidated financial statements Notes to the statement of financial position Notes to the statement of income Segment reporting Other notes Events after reporting date Statement of responsibility Financial calendar and legal company information At a glance The financial report of the Einhell Group as at 30 June 2026 meets the requirements under the Securities Trad- ing Act (WpHG) for preparing interim reports. It includes abbreviated Group interim statements, a condensed Group management report and a statement of responsi- bility by the legal representatives. The financial state- ments are consistent with the International Financial Re- porting Standards (IFRS) and their interpretations, as published by the International Accounting Standards Board (IASB) and applicable in the European Union. There may be minor deviations in this report and in other reports due to rounding of totals and calculation of per- centage figures. The report uses different reporting dates as comparison values. In accordance with IAS 34.20(a), the statement of financial position uses 31 December 2025 (PY) as the ref- erence date, while the statement of income is compared with the prior-year period (PYp) 1 January to 30 June 2025. In the first half of 2026, the Einhell Group slightly in- creased revenue from EUR 630.2 million to EUR 636.2 mil- lion, corresponding to growth of 0.9% in reporting cur- rency. Adjusted for currency effects, revenue rose by 1.1%. Revenue in the Power X-Change segment also con- tinued to grow, accounting for approximately 56 % of to- tal revenue in the reporting period (PYp 53 %). Earnings before taxes and PPA effects (purchase price allocation) remained unchanged year -on-year at EUR 62.6 million. Including PPA, earnings before taxes amounted to EUR 62.0 million (PYp EUR 61.8 million). Financial figures in EUR million H1 2026 H1 2025 Change in % Revenue 636.2 630.2 0.9 EBT before PPA 62.6 62.6 0.0 EBT 62.0 61.8 0.4 EBIT 65.3 64.3 1.7 Earnings per share in EUR 3.8 3.9 -2.6 30.06.2026 31.12.2025 Change in % Equity ratio in % 56.6 50.4 12.3 Net debt (bank lia- bilities less bank deposits) -6.7 4.7 -242.6 Headcount 2,647 2,636 0.4
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Half year report as at 30 June 2026 2 Condensed Group Management Report of Einhell Germany AG 1 General economic conditions 1.1 D/A/CH Business sentiment among German companies im- proved in June 2026. The ifo Business Climate Index rose to 85.6 points, up from 85.0 points in May. Companies as- sessed their current business situation more positively, while expectations for the coming months w ere some- what less pessimistic. Germany’s inflation rate stood at 2.3 % in June 2026. Con- sumer price inflation thus eased further overall, following rates of 2.6 % in May and 2.9 % in April. As a result of the Iran war, energy prices continued to increase at an above-average rate and therefore remained a key driver of inflation. Germany’s gross domestic product (GDP) increased by 0.2 % in the second quarter compared with the previous quarter, after adjusting for price, seasonal and calendar effects. As further reported by the Federal Statistical Of- fice (Destatis), exports also increased quarter-on-quarter on a price-, seasonally and calendar-adjusted basis. Con- sumer spending remained subdued, while investment ac- tivity declined. The number of unemployed persons in Germany changed only marginally in June 2026. According to the Federal Employment Agency (Bundesagentur für Arbeit, BA), the number of unemployed people decreased by 15,000 month-on-month to 2.936 million. Compared with the same month of the previous year, however, the num- ber of unemployed increased by 22,000. The unemploy- ment rate now stands at 6.2 %. The German DIY retail sector continues to face a challeng- ing overall market environment. Accordingly, a decline had also been anticipated for the first quarter of the cur- rent year. Encouragingly, however, the decrease amounted to only 0.9 %, or 0.5 % on a like -for-like basis, and was therefore significantly less pronounced than in the corresponding quarter of the previous year. The Iran war and its repercussions across the entire supply chain, particularly the sharp increase in prices for oil- based fuels, h ave had a negative impact on consumer senti- ment. In the second quarter of 2026, the German DIY re- tail sector showed signs of a slight stabilisation in de- mand. While consumers remained cautious with regard to larger purchases, demand increased for products of- fering direct everyday benefits and an attracti ve price - performance ratio. In particular, projects involving maintenance, renovation and garden care continued to be a key focus. Although the ongoing economic uncer- tainties continued to weigh on consumer sentiment, overall market conditions proved somewh at more resili- ent than at the beginning of the year. 1.2 Western and Eastern Europe The euro area economy expanded in the second quarter of 2026. A ccording to Eurostat gross domestic product (GDP) in the euro area increased by 0.4 % during the pe- riod from April to June 2026, compared with the previous quarter. On a quarter-on-quarter basis, the economies of Spain (+0.7 %) and France (+0.2 %) recorded the strongest growth. The European labour market remained broadly stable in June 2026. The unemployment rate in the euro area stood at 6.3 %, unchanged compared with both May 2026 and June 2025. At the level of the European Union, the unemployment rate also remained stable at 6 .0 %, both month-on-month and year-on-year. Inflation rates in both the euro area and the European Union increased compared with the prior-year period. In June 2026, the inflation rate stood at 2.8 % in the euro area (prior year: 2.0 %) and at 2.9 % in the European Un- ion (prior year: 2.3 %). Compare d with May 2026, how- ever, inflation rates declined. The largest contribution to inflation in June stemmed from price increases in the ser- vices and energy sectors. The Harmonised Index of Consumer Prices (HICP) for Germany, calculated for European purposes, was 2.4 % higher in June 2026 than in the same month of the previ- ous year. Compared with the previous month of May, the HICP fell by 0.2 %. 1.3 Overseas Australia's economy is expected to lose significant mo- mentum in 2026. The Australian major bank Westpac forecasts that real gross domestic product (GDP) growth will slow, with GDP projected to be only 1 % above the previous year's level by year-end. The primary driver is the energy price shock resulting from the conflict in Iran and disruptions to energy ex- ports from the Middle East. The Reserve Bank of Australia (RBA) considers the situation challenging. Even prior to the outbreak of the conflict, in flation had remained above the RBA’s target range of 2 % to 3 %. 2 Performance report 2.1 Einhell Group revenue From January to June 2026, the Einhell Group generated revenue of EUR 636.2 million (PYp EUR 630.2 million). This meant that the very strong revenue achieved in the pre- vious year were once again slightly exceeded. Considering the economic environment and the weather conditions, which were unfavorable for the gardening business , the business performance of the Einhell Group in the first half of 2026 was more than satisfactory. As at 30 June 2026, the share of Power X-Change products sold in total Group revenue stands at 56 % (PYp 53 %).
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Half year report as at 30 June 2026 3 In the Western Europe incl. D/A/CH segment, revenue increased to EUR 388.5 million (PYp EUR 370.0 million). In this segment, the share of Power X-Change products rose considerably. In Austria, it already amounts to 85 % (PYp 84 %). Significant revenue growth was achieved in Spain (+12.2 %) UK (+15.2 %) and Italy (+17.3 %). This increase in revenue across the various countries is also reflected in the earnings development. Earnings in the Western Europe incl. D/A/CH segment increased from EUR 37.4 million to EUR 45.7 million. In Eastern Europe, revenue of EUR 78.1 million is signifi- cantly above the previous year’s level (EUR 69.9 million). The strongest companies in this segment in terms of rev- enue were our subsidiaries in Turkey, Croatia and Poland. The significantly higher revenue generated in this region was also reflected in earnings. Earnings increased from EUR 5.0 million to EUR 6.1 million. The companies in Cro- atia and Poland were particularly successful in this seg- ment. In the Overseas and Other Countries segment, revenue decreased from EUR 134.8 million to EUR 129.0 million. The Einhell subsidiary with the highest revenue in this segment is the Australian company Einhell Australia. The decline in revenue is attributable to the more cautious or- dering behaviour of a major customer. Earnings before taxes in the Overseas and Other Coun- tries segment declined significantly compared with the previous year. The companies in Australia and Argentina in particular recorded substantial declines in earnings. In the Production and Sourcing Companies revenue significantly decreased year -on-year to EUR 40.5 million (PYp EUR 55.5 million). The Asian subsidiaries in particu- lar did not manage to increase their revenue compared to the prior -year period. A FOB direct customer increas- ingly processed its purchases through other Group com- panies in the first half of the year, which had a negative impact on revenue. 2.2 Earnings development From January to June 2026 , the Einhell Group generated earnings before income taxes and PPA effects of EUR 62.6 million (PYp EUR 62.6 million). Earnings before taxes amounted to EUR 62.0 million (PYp EUR 61.8 million). The pre-tax margin is 9.7 % (PYp 9.8 %). Consolidated net income after minority interest amounts to EUR 43.3 million in the period under review (PYp EUR 43.7 million). Earnings per share amount to EUR 3.8 (PYp EUR 3.9). Compared to the prior -year period, personnel expenses have increased by EUR 5.7 million, now amounting to EUR 81.5 million (PYp EUR 75.8 million). Due to investment activities, depreciation and amortisa- tion increased from EUR 9.2 million to EUR 10.2 million in financial year 2026. Other operating expenses increased year -on-year from EUR 115.2 million to EUR 125.7 million. This is attributable to an increase in marketing measures and higher out- going freight rates. The share in revenue that was ex- pended on marketing measures amounted to 8.1 % in the Einhell Group (PYp 7.3 %). The financial result of EUR -3.3 million was below the prior-year period (PYp EUR -2.5 million). This includes fi- nancial income amounting to EUR 5.8 million (PYp EUR 6.6 million) and financial costs amounting to EUR 9.2 mil- lion (PYp EUR 9.1 million). Financial costs include the surge in refinancing costs in some countries with high in- terest rates as well as currency translation effects. 3 Personal and HR services On 30 June 2026, the Einhell Group had 2,647 employees worldwide (PY 2,636). 4 Financial performance and net assets The material items in the statement of financial position as at 30 June 2026 and 31 December 2025 are as follows: in EUR million 06/2026 12/2025 Non-current assets incl. deferred tax assets 167.5 165.9 Inventories 386.0 451.0 Trade receivables 270.0 187.7 Cash and cash equivalents 97.9 90.4 Equity 550.4 474.4 Liabilities to banks 91.2 95.2 5 Investments In the period under review, the Einhell Group made in- vestments amounting to EUR 9.2 million (PY EUR 17.1 mil- lion.). The majority of this was spent on plant and office equipment as well as assets under construction. The as- sets under construction largely relate to the construction of the new factory outlet at Landau an der Isar. As in pre- vious years, investments in product development are shown under other operating expenses and personnel expenses in the consolidated statement of income. 6 Current assets and liabilities Goods inventories decreased compared to the the year - end to EUR 386.0 million (PY EUR 451.0 million). Strong sales volumes in the first half of 2026 led to a considera- ble reduction in inventory levels.
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Half year report as at 30 June 2026 4 Trade receivables are stated net of allowances for bad debts. At EUR 270.0 million, trade receivables are signifi- cantly above the year -end level (PY EUR 187.7 million), due to the strong revenue in the second quarter of 2026. Derivative financial assets were significantly higher than at 31 December 2025 and amounted to EUR 20.5 million (PY EUR 4.9 million). This item includes the positive mar- ket values of currency hedging derivatives. Other non-financial assets amounted to EUR 39.3 million and were below the year -end level (PY EUR 45.7 million). A significant component of this was VAT receivables total- ing EUR 18.8 million (PY EUR 30.9 million). Cash and cash equivalents increased from EUR 90.4 mil- lion to EUR 97.9 million as of the reporting date. Compared to the year-end period, liabilities to banks de- creased slightly from EUR 95.2 million to EUR 91.2 million. 7 Group structure On 3 June 2026, a new company was established in Du- bai. Einhell Mea Construction Tools Trading FZE is re- sponsible for serving the markets in the Middle East and Africa. Einhell Germany AG holds a 100 % interest in the com- pany. 8 Investor Relations In fiscal year 2026, Einhell Germany AG attended the fol- lowing analyst conferences and investor events: 22 April Munich Capital Market Conference / Mu- nich 11 June Berenberg Pan-European Discovery Con- ference / Porto 07 July Berenberg Roadshow / London The discussions with investors and family offices at- tracted considerable interest. Furthermore, Einhell Germany AG will participate in the following events: 18 August Earnings Call on the Half-Year Financial Report / Virtual 21 September Berenberg and Goldman Sachs German 15th Corporate Conference / Munich 24 November German Equity Forum / Frankfurt am Main 03 December Berenberg European Conference / Lon- don 9 Financing The financial requirements of the Einhell Group are driven in particular by the level of inventories and trade receivables. Stock turnover rates of inventories and the maturities of trade receivables play a major role here and have a significant impact on the financial requirements. The Group relies on a modular financing mix with good conditions. Non-current liabilities to banks amount to EUR 30.7 mil- lion (PY EUR 33.0 million) and carry favourable fixed in- terest rates. Current liabilities to banks amount to EUR 60.5 million (PY EUR 62.2 million) and mostly carry fixed interest rates. They include EUR 50.0 million promissory note loan maturing in December 2026. In the shorter term, the Group also has access to suffi- cient credit facilities to finance further revenue growth. 10 Note to the financial report This financial report was not subjected to a review pursu- ant to Section 317 of the German Commercial Code (HGB) or an audit. 11 Corporate Governance Code The current Declaration of the Board of Directors and the Supervisory Board of Einhell Germany AG on the German Corporate Governance Code pursuant to section 161 of the German Stock Corporation Act (AktG) is permanently available on the Company’s website at www.einhell.com. 12 Risk report In its international operations, Einhell is exposed to a va- riety of risks that are inherent in all entrepreneurial activ- ities. The risk management process in the Einhell Group is split into two stages. The first stage is the decentralised recog- nition of risks in subsidiaries and the various depart- ments of Einhell Germany AG by the risk officers ap- pointed by the Board of Directors who identify risks and quantify their impact on the Group. The internal control system comprises the two compo- nents integrated process controls and internal control systems. The domestic controlling, investment controlling, finance, Group accounting and legal departments constitute the internal management system of the Einhell Group. The Einhell Group companies make a forecast in the rel- evant financial year to budget the following financial year. Based on differentiated revenue planning, the corre- sponding cost of goods sold and other costs are budg- eted. These projected figures are coll ated for the Group into a budgetary statement of income. The actual figures from the individual companies are pro- cessed on a monthly basis. As a result, a complete
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Half year report as at 30 June 2026 5 consolidated statement of income is devised that com- pares the budgeted and actual figures and allows for their analysis. The development of order intake, margins etc. is also reported for all companies on a monthly basis. The comparison is discussed with the members of the Board of Directors and with the managers of the separate divisions and companies. The analysis of the budgeted and actual figures permits relevant measures to be de- veloped and implemented. The internal monitoring system is comprised of measures that are integrated into the processes and measures that are independent of the processes. In addition to automated IT process controls, manual controls also form an important part of integrated pro- cess measures which are, for example, also carried out by the internal audit department. The Supervisory Board, the Group auditors and other audit bodies are involved in carrying out process -independent controls within the Einhell Group. The audit of the consolidated financial statements by the Group auditors is the main process-independent control measure with respect to Group accounting processes. Given its international business model, the Einhell Group is exposed to market risks resulting from changes in in- terest and foreign exchange rates. The Group uses deriv- ative financial instruments to manage these risks. The guidelines used for managing the associated risks are im- plemented with the approval of the Board of Directors by a central Treasury department working in close coopera- tion with the Group companies. The Board of Directors does not currently see any risks that could endanger the future of the Group as a going concern. 13 Forecast 13.1 D/A/CH Expected development in % 2026 2025 GDP Germany 0.5 0.2 Against the backdrop of the conflict in the Middle East, the German Federal Government has lowered its growth forecast for German gross domestic product (GDP) to 0.5 % for 2026. Economic developments are currently proving less favor- able than had been expected at the beginning of the year. The conflict in the Middle East and the effective closure of the Strait of Hormuz led to global supply shortages and increases in the prices of energy and other commodities towards the end of the first quarter. Higher prices, in par- ticular, are also affecting companies and private house- holds in Germany. 13.2 Western and Eastern Europe Growth across the European Union as a whole is ex- pected to be weaker than previously anticipated. The Eu- ropean Commission has therefore lowered its growth forecast for 2026 from 1.4 % to 1.1 %. For the 21 member states of the euro area, the forecast has been reduced to 0.9 %. According to the Commission, prior to the outbreak of the war at the end of February, moderate economic growth and a decline in inflation had been expected. However, the sharp rise in energy prices has dampened economic activity and contributed to higher inflation. The Commission further noted that the EU economy is partic- ularly vulnerable to the energy shock caused by the con- flict in the Middle East. Since the outbreak of the Iran war, prices for commodities such as oil and natural gas have risen significantly. This development has been driven by the effective blockade of the Strait of Hormuz, a key route for global energy supplies. 13.3 Overseas and Other Countries Australia’s economy is expected to continue growing in 2026, albeit at a significantly slower pace than originally anticipated. Westpac forecasts that real gross domestic product (GDP) will be only 1.0 % above the previous year’s level by year -end. Commodity exports, public -sector de- mand, data centres and energy -related projects are ex- pected to prevent a more pronounced downturn. At the same time, high energy prices, rising interest rates, weaker real incomes and uncertain sales prospects are weighing on economic growth. In the Overseas and Other Countries segment, the follow- ing economic growth rates are expected in the countries in which the Einhell Group is active: GDP in % 2026 2025 Argentina 3.5 4.4 Chile 2.4 2.3 Canada 1.5 1.7 Uruguay 1.8 1.8 1 3.4 Outlook and strategy The Group’s development is difficult to predict due to the continued prevailing economic conditions with numer- ous external factors influencing its business. Despite overall subdued economic conditions in Europe and a persistently demanding market environment, the Einhell Group once again closed the first half of the year success- fully. The Group expects that it will be able to continue the positive performance in the second half of the year.
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Half year report as at 30 June 2026 6 The performance of the Einhell Group is influenced in particular by general economic conditions in its relevant sales markets, geopolitical developments, trade policy frameworks, and trends in commodity, energy and for- eign exchange markets. Ongoing global uncertainties could negatively influence consumer spending. Although inflation rates have recently stabilized and fi- nancing conditions have become somewhat more favor- able in many regions, risks arising from currency fluctua- tions, geopolitical tensions and generally weaker con- sumer demand in certain markets remain. To address these challenges, Einhell continues to pursue a consistent foreign exchange hedging strategy and focusing on an in- novative and attractive product portfolio and the contin- uous expansion of its Power X-Change battery platform. The consistent international development of the EIN- HELL brand remains the Company's primary strategic objective. The highly successful partnership established in recent years with the Mercedes -AMG PETRONAS F1 Team will be further expanded significantly in 2026. In the second quarter of 2026, the partnership was exte nded ahead of schedule on a long -term basis. What sets this cooperation apart is a shared commitment: both brands stand for the highest quality, maximum performance and technological innovation. In addition, the Group will con- tinue to strengthen its presen ce across social media channels in the coming years. New product launches will be supported by lifestyle campaigns, live events on social media platforms and influencer marketing activities. Our product policy continues to focus primarily on the Power X-Change cordless battery platform. Within this ecosystem, our aim is to offer the right solution for every project around the home, workshop, garden and leisure. In addition to traditional tools and garden equipment, the platform now already includes numerous products in the areas of cleaning, lifestyle, camping and outdoor activi- ties. The Power X-Change platform currently accounts for 56 % of total revenue and is expected to increase to more than 70 % in the medium term. To achieve this objective, the platform will comprise more than 500 products by the end of 2029. The “Einhell PROFESS IONAL” product range, introduced in 2025, is expected to be expanded to approximately 128 products by the end of 2026. The new COMPACT SERIES, part of the "Einhell PROFESSIONAL" range, is designed to make professional work more effi- cient, ergonomic and saf er. The COMPACT SERIES com- bines maximum performance with an especially compact design. Our international sales network will continue to be ex- panded systematically over the coming years. Potential expansion models include acquisitions, the establish- ment of joint ventures and the development of sales hubs in regions with significant growth potential. The U.S. DIY market has been identified as the sales market with the greatest growth potential and therefore represents a key priority within the Einhell Group’s expansion strategy. Discussions with potential partners and acquisition tar- gets are currently ongoing. The digital transformation of the Einhell Group will con- tinue to advance in 2026. Our central ERP strategy based on SAP S/4HANA will be further implemented over the coming years. In preparation for the SAP S/4HANA rollout at Einhell Germany AG in Landau an der Isar, strategic im- provements to master data processes and system archi- tecture, as well as the comprehensive documentation of existing processes as the basis for defining future target processes, will be carried out during 2026. Sustainability has been a key area of focus for several years. As part of the Group’s strategic planning process, work has commenced on the phased development of a comprehensive sustainability strategy. In the future, this strategy will consolidate ongoing and planned pr ojects, initiatives and activities while establishing clear responsi- bilities with measurable targets, corresponding action plans and quantifiable key performance indicators to en- sure effective management. The strategy addresses so- cial, environmental and economic aspects in equal meas- ure. Key components include Group- wide carbon ac- counting, occupational health and safety, social responsi- bility, resource efficiency and circular economy initiatives, the use and expansion of renewable energy sources, CO₂ reduction measures, and compliance with due diligence obligations throughout the supply chain. From a product perspective, the sustainability approach is being further strengthened through the continued expansion of the Power X-Change battery platform and the implementa- tion of a design-to-repair approach. By consistently main- taining compatibility between batteries and tools, more than 350 devices can already be operated using a single battery and charger, thereby significantly reducing re- source consumption. Based on the positive performance in the first half of fi- nancial year 2026, the Board of Directors is optimistic about achieving the forecast for the full year 2026. Ac- cording to the planning, the Group expects revenue of EUR 1.2 billion and a pre -tax marg in of approximately 9.0 %. 13.5 Forward -looking statements, assumptions, un- certainties and assessment methods The Board of Directors’ assumptions and forecasts are based on the information currently available. These al- ways bear an element of uncertainty and are based on estimates and assumptions made in order to arrive at a forecast. The Einhell Group hereby advis es that the for- ward-looking assumptions and estimates may in retro- spect turn out to be incorrect.
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Half year report as at 30 June 2026 7 Landau a. d. Isar, 18 August 2026 Einhell Germany AG The Board of Directors Andreas Kroiss Michael Brunner Dr. Markus Thannhuber Dr. Christoph Urban Heinz Hoffmann
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Half year report as at 30 June 2026 8 Consolidated statement of financial position (IFRS) as at 30 June 2026 Assets (in EURk) 30.06.2026 31.12.2025 Intangible assets 45,687 45,898 Property, plant and equipment 74,541 71,163 Right-of-use assets 17,553 18,503 Non-derivative financial assets 4,029 4,083 Derivative financial assets 5,887 803 Other non-financial assets 9,409 7,446 Deferred tax assets 10,408 18,027 Non-current assets 167,514 165,923 Inventories 386,020 451,049 Trade receivables 270,006 187,661 Non-derivative financial assets 2,230 1,420 Derivative financial assets 14,628 4,084 Income tax receivables 3,646 1,358 Other non-financial assets 29,855 38,210 Contract assets 360 792 Cash and cash equivalents 97,857 90,440 Current assets 804,602 775,014 Total assets 972,116 940,937
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Half year report as at 30 June 2026 9 Equity and liabilities (in EURk) 30.06.2026 31.12.2025 Subscribed capital 11,323 11,323 Capital reserve 26,677 26,677 Retained earnings 512,826 470,945 Other reserves -13,439 -47,175 Equity of shareholders of Einhell Germany AG 537,387 461,770 Non-controlling interests 13,006 12,621 Equity 550,393 474,391 Employee benefits 6,353 6,155 Provisions for other risks 611 576 Liabilities from debt capital 30,698 33,005 Non-derivative financial liabilities 5,581 4,444 Derivative financial liabilities 268 16,353 Lease liabilities 10,991 11,529 Other non-financial liabilities 2 2 Deferred tax liabilities 996 1,040 Non-current liabilities 55,500 73,104 Employee benefits 23,935 36,940 Provisions for other risks 28,451 21,690 Income tax liabilities 13,742 9,220 Liabilities from debt capital 60,503 62,165 Non-derivative financial liabilities 40,757 35,342 Derivative financial liabilities 3,677 12,499 Trade payables 172,495 200,228 Lease liabilities 6,963 7,479 Other non-financial liabilities 15,466 7,524 Contract liabilities 234 355 Current liabilities 366,223 393,442 Total equity and liabilities 972,116 940,937
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Half year report as at 30 June 2026 10 Consolidated income statement (IFRS) for the period from 1 January to 30 June 2026 (in EURk) 30.06.2026 30.06.2025 Revenue 636,165 630,224 Changes in inventories 620 5,116 Own work capitalised 181 462 Other operating income 4,297 3,728 Cost of materials -358,532 -375,007 Personnel expenses -81,495 -75,819 Depreciation and amortisation -10,169 -9,194 Other operating expenses -125,718 -115,237 Financial income 5,832 6,583 Financial costs -9,160 -9,078 Financial result -3,328 -2,495 Profit before income taxes 62,021 61,778 Income taxes -18,446 -17,768 Earnings after tax 43,575 44,010 Thereof share of minority shareholders 265 262 Thereof share of shareholders of Einhell Germany AG in consolidated net profit/loss 43,310 43,748
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Half year report as at 30 June 2026 11 Consolidated Statement of Comprehensive Income for the period from 1 January to 30 June 2026 06.2026 EURk 06.2025 EURk Consolidated net profit 43,575 44,010 Unrealised gains (PYp: losses) from currency translation 7,351 -13,053 Unrealised gains (PYp: losses) from derivative financial instruments used for hedging purposes 26,296 -47,696 Items of other comprehensive income that were or can be reclas- sified to profit or loss 33,647 -60,749 Unrealised gains from financial instruments at fair value through other comprehensive income 0 0 Remeasurement of employee benefits 0 0 Items of other comprehensive income that will not be reclassi- fied to profit or loss in future periods 0 0 Other comprehensive income, after tax 33,647 -60,749 thereof share of other comprehensive income attributable to non- controlling interests, after tax -90 -591 thereof share of other comprehensive income attributable to share- holders of Einhell Germany AG, after tax 33,737 -60,158 Consolidated comprehensive income 77,222 -16,739 thereof share of consolidated comprehensive income attributable to non-controlling interest 175 -329 thereof share of consolidated comprehensive income attributable to shareholders of Einhell Germany AG 77,047 -16,410
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Half year report as at 30 June 2026 12 Consolidated statement of cash flows (IFRS) for the period from 1 January to 30 June 2026 in EURk 30.06.2026 30.06.2025 Cash flows from/used in operating activities Earnings before tax 62,021 61,778 + Depreciation and amortisation of intangible assets and property, plant and equipment 10,169 9,194 - Interest income -494 -755 + Interest expenses 1,963 1,914 +/- Other non-cash expenses and income 5,538 -9,441 Operating profit before changes in net working capital 79,197 62,690 +/- Decrease/increase in trade receivables -82,345 -76,144 +/- Decrease/increase in inventories 65,029 50,441 +/- Decrease/increase in other assets 4,548 12,734 +/- Increase/decrease in non-current liabilities 151 880 +/- Increase/decrease in current liabilities 6,148 10,573 +/- Increase/decrease in trade payables -27,734 -87,710 Cash flows generated from operating activities 44,994 -26,536 - Taxes paid -19,976 -20,246 + Interest received 401 512 - Interest paid -1,824 -1,947 Net cash from/used in operating activities 23,595 -48,217 Cash flows from/used in investing activities - Payments to acquire fixed assets -9,162 -8,159 - Payments for acquisition of consolidated companies -290 0 + Proceeds from disposal of assets 186 148 + Proceeds from the sale of consolidated companies 0 303 Net cash used in investing activities -9,266 -7,708 Cash flows from/used in financing activities + Proceeds from taking out loans 0 4,214 - Payments for repayment of loans -3,858 -2,308 - Dividend payments to non-controlling interests 0 -105 - Payments for redemption portion of lease liabilities -4,157 -4,263 Net cash used in financing activities -8,015 -2,462 Changes to cash and cash equivalents due to currency exchange 1,103 -2,694 Net decrease/increase in cash and cash equivalents 7,417 -61,081 Cash and cash equivalents at beginning of reporting period 90,440 119,102 Cash and cash equivalents at end of reporting period 97,857 58,021
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Half year report as at 30 June 2026 13 Consolidated statement of changes in equity (IFRS) for the period from 1 January 2025 to 30 June 2026 Other reserves Subscribed capital Capital reserve Retained earnings Currency translation reserve Reserve for financial instruments measured at fair value through other comprehensive income Remeas- urement reserve pursuant to IAS 19 Derivative financial instru- ments Equity of shareholders of Einhell Ger- many AG Share of non- controlling in- terests Total Equity EURk EURk EURk EURk EURk EURk EURk EURk EURk EURk 1 January 2025 11,323 26,677 406,544 -19,301 96 -632 6,787 431,494 12,783 444,277 Consolidated net profit - - 43,748 - - - - 43,748 262 44,010 Unrealised gains/losses - - - -12,462 - - -47,696 -60,158 -591 -60,749 Dividends - - - - - - - - -105 -105 Other changes - - -89 - - - - -89 1,335 1,246 30 June 2025 11,323 26,677 450,203 -31,763 96 -632 -40,909 414,995 13,684 428,679 Consolidated net profit - - 32,712 - - - - 32,712 -551 32,161 Unrealised gains/losses - - - 1,206 35 192 24,600 26,033 38 26,071 Changes due to share split - - - - - - - - - - Dividends - - -16,857 - - - - -16,857 -548 -17,405 Other changes - - 4,887 - - - - 4,887 -2 4,885 31 December 2025 11,323 26,677 470,945 -30,557 131 -440 -16,309 461,770 12,621 474,391 Consolidated net profit - - 43,310 - - - - 43,310 265 43,575 Unrealised gains/losses - - - 7,441 - - 26,296 33,736 -90 33,646 Dividends - - - - - - - - - - Other changes - - -1,429 - - - - -1,429 210 -1,219 30 June 2026 11,323 26,677 512,826 -23,116 131 -440 9,987 537,387 13,006 550,393
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Half year report as at 30 June 2026 14 Condensed IFRS Notes to the Consolidated Financial Statements of Einhell Germany AG, Landau/Isar, for the period from 1 Jan- uary to 30 June 2026 1 Information on the Basis and Methods of the Consolidated Financial Statements 1.1 Scope of Consolidation The consolidated financial statements comprise Einhell Germany AG and the companies controlled by it. IAS 27 defines control as the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. If the Group holds, directly or indirectly, more than 50 % of the voting rights of an entity, control is presumed unless there is evidence to the contrary. Companies acquired or disposed during a financial year are included in the consolidated financial statements from the date on which control is obtained until the date on which control is lost. On 3 June 2026, a new company was established in Dubai, United Arab Emirates. The company operates under the name Einhell MEA Construction Tools Trading FZE. 1.2 Accounting Policies and Measurement Principles The same accounting policies and measurement princi- ples as those applied in the 2025 annual financial state- ments were used for the financial statements as at 30 June 2026. The Einhell Group applies IFRS standards that are mandatory from 1 January 2026 accordingly. 2 Notes to the Statement of Financial Position 2.1 Non-current Assets Intangible assets and property, plant and equipment are recognised at acquisition and production cost. Intangible assets amounted to EUR 45.7 million as at 30 June 2026. Property, plant and equipment amounted to EUR 74.5 million. The right -of-use assets in accordance with IFRS 16 are recognised at EUR 17.6 million. These items are presented in the statement of financial position less accumulated depreciation and amortisa- tion. As at 30 June 2026, scheduled depreciation and amortisation of EUR 10.2 million was recognised on non- current assets. 2.2 Inventories Inventories are measured at the lower of acquisition or production cost and net realizable value. Total write - downs of EUR 5.9 million (PY: EUR 11.6 million) were rec- ognised. in EUR million 30.06.2026 31.12.2025 Raw materials and supplies (at acquisition cost) 8.5 7.4 Finished goods 376.0 443.1 Advance payments 1.6 0.6 Total 386.0 451.0 2.3 Cash and Cash Equivalents Cash and cash equivalents comprise bank balances, cheques and cash on hand. 2.4 Equity Equity increased compared to 31 December 2025 due to the positive result, the change in the fair value of foreign currency derivatives and the currency translation re- serve. 2.5. Dividend For the 2025 financial year, a dividend distribution of EUR 21,388,416 was resolved on 3 July 2026. The distribution amount corresponds to a dividend of EUR 1.90 per pref- erence share (PY: EUR 1.50) and EUR 1.88 per ordinary share (PY: EUR 1.48). The distribution was made on 8 July 2026. 2.6 Provisions Total provisions amount to EUR 29.1 million. This in- cludes non-current provisions of EUR 0.6 million. The provisions primarily include warranty provisions. 2.7 Liabilities Liabilities are initially measured at the fair value of the consideration received and subsequently measured at amortised cost. Foreign currency liabilities are measured at the balance sheet date using the closing exchange rate or hedged exchange rate. The Group participates in a supply chain finance (SCF) ar- rangement. Under this arrangement, a bank undertakes to pay participating suppliers amounts relating to in- voices owed by the Group and receives payment from the Group at a later date. Trade payables include amounts relating to this arrange- ment. As at the reporting date, these amount to EUR 98.2 million and correspond to 57,0 % of trade payables.
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Half year report as at 30 June 2026 15 3 Notes to the Income Statement 3.1 Other Operating Expenses Other operating expenses amounted to EUR 125.7 mil- lion as at 30 June 2026. These mainly comprise expenses for logistics, service and marketing.
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Half year report as at 30 June 2026 16 4. Segment Reporting The identification of reportable operating segments pursuant to IFRS 8 is based on the so -called management approach concept. The Einhell Group is segmented by region for the distribution companies and separately for the production and sourcing companies. This division of the Einhell Group reflects its internal management and reporting structures. It differ- entiates between the segments Western Europe incl. D/A/CH, Eastern Europe, Overseas and Other Countries as well as the Production and Sourcing Companies. The statement of financial position figures (inventories and non-current assets) for segment reporting are presented as at the respective reporting date of 30 June. Income and expenses that cannot be directly allocated to the individual segments and consolidation effects are shown in the reconciliation item. June 2026 in EURk Western Europe incl. D/A/CH Eastern Europe Overseas and Other Countries Production and Sourcing Companies Reconcil- iation Group Revenue by invoicing party 388,495 78,148 129,010 40,512 0 636,165 Revenue by invoice recipient 419,309 81,966 134,890 0 0 636,165 Profit before income taxes 45,686 6,125 8,614 550 1,046 62,021 Financial result 1,634 -3,285 -1,935 -499 757 -3,328 Interest income 5,582 258 924 635 -6,905 494 Interest expenses -2,761 -3,438 -2,432 -284 6,952 -1,963 Depreciation and amortisation 5,705 764 2,474 1,226 0 10,169 Non-current assets (excl. deferred tax assets) 92,670 13,953 29,699 20,784 0 157,106 Inventories 223,786 58,025 89,789 36,390 -21,970 386,020 Depreciation of inventories 3,775 679 1,381 23 0 5,858 June 2025 in EURk Western Europe incl. D/A/CH Eastern Europe Overseas and Other Countries Production and Sourcing Companies Reconcil- iation Group Revenue by invoicing party 370,036 69,874 134,773 55,541 0 630,224 Revenue by invoice recipient 415,583 74,320 140,321 0 0 630,224 Profit before income taxes 37,382 4,978 14,237 3,444 1,737 61,778 Financial result -515 -3,476 -163 -151 1,810 -2,495 Interest income 5,381 262 854 821 -6,563 755 Interest expenses -3,209 -3,689 -1,200 -358 6,542 -1,914 Depreciation and amortisation 4,786 671 2,502 1,235 0 9,194 Non-current assets (excl. de- ferred tax assets) 82,882 13,219 32,412 15,804 0 144,317 Inventories 251,615 58,479 81,311 30,066 -16,277 405,194 Depreciation of inventories 10,389 689 485 15 0 11,578
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Half year report as at 30 June 2026 17 5. Other notes 5.1. Related party disclosures Thannhuber AG is the controlling shareholder of Einhell Germany AG. Mr Philipp Thannhuber and Dr Markus Thannhuber (shareholders of Thannhuber AG) received remuneration during the 2026 financial year for their ac- tivities as members of the governing bodies of Einhell Germany AG. The following personnel interrelationships exist between Thannhuber AG and Einhell Germany AG: • Mr Philipp Thannhuber (Deputy Chairman of the Supervisory Board of Einhell Germany AG) is a shareholder and member of the Management Board of Thannhuber AG. • Mr Markus Thannhuber (member of the Man- agement Board of Einhell Germany AG) is a shareholder and member of the Management Board of Thannhuber AG. Transactions between Group companies and related par- ties are exclusively attributable to the ordinary course of business of the respective parties involved and were con- cluded at arm’s length conditions, i.e. under conditions that are also granted to other third-party manufacturers. 6. Events after reporting date No further events occurred after the reporting date that could have a material impact on the net assets, financial position and results of operations. 7. Statement of responsibility To the best of our knowledge, we hereby certify that the interim consolidated financial statements give a true and fair view of the net assets, financial position and results of operations of the Group, that the interim Group man- agement report presents the course of business, includ- ing the business performance and the position of the Group, in such a way as to give a true and fair view, and that the significant opportunities and risks relating to the expected development of the Group during the remain- ing financial year are described. Landau a. d. Isar, 18 August 2026 Einhell Germany AG The Board of Directors Andreas Kroiss Michael Brunner Dr. Markus Thannhuber Dr. Christoph Urban Heinz Hoffmann
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Half year report as at 30 June 2026 18 Financial calendar 2026 Earning Call – Half year reporting 18. August 2026 Berenberg and Goldman Sachs German 15th Corporate Conference / Munich 21 September 2026 Quarterly notification as of 30 September 2026 Mid-November 2026 German Equity Forum / Frankfurt am Main 24 November 2026 Berenberg European Conference /London, England 3 December 2026
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Half year report as at 30 June 2026 19 Legal company information Einhell Germany AG Wiesenweg 22 94405 Landau an der Isar www.einhell.com Publication date 18 August 2026 Investor Relations Telephone: +49 (9951) 942-166 E-mail: investor-relations@einhell.com Please visit our website at www.einhell.com showing ex- tensive information and reports on Einhell Germany AG.
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Half year report as at 30 June 2026 20 Disclaimer The half year report contains forward- looking state- ments. Forward-looking statements are based on specific assumptions and expectations at the time this notifica- tion is published. They are therefore subject to risks and uncertainties and actual results may differ considerably from such forward-looking statements. Various risks and uncertainties are determined by factors that do not lie in the Einhell Group’s sphere of influence and can therefore not be estimated with certainty at present. This includes, without limitation, future market conditions and the eco- nomic trends as well as legal and political decisions. Unless otherwise stipulated, all amounts are stated in thousands of euros (EURk). There may be minor devia- tions in this report and in other reports due to rounding of totals and calculation of percentage figures.
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Einhell Germany AG Wiesenweg 22 D-94405 Landau a. d. Isar Germany Tel.: +49 (0) 9951 942-0 E-Mail: investor-relations@einhell.com einhell.com