Interim report
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Q3/2026 Quarterly Statement as at September 30, 2026
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1 Quarterly results 1.1 FUCHS at a glance 3 1.2 Business development in the first nine months of 2026 5 - Development of sales revenues in the Group 5 - Development of sales revenues by region / segment 6 - Group results of operations 7 - Results of operations of the regions / segments 8 1.3 Employees 9 1.4 Outlook 9 1.5 Balance sheet 10 1.6 Statement of cash flows 12 1.7 Share price development of FUCHS shares 13 Further information Financial calendar 14 Contact and imprint 14 2 2 1 Quarterly results 2 Further information
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- Sales revenues rise by 16 % or € 426 million to € 3,126 million (2,700); growth driven by both volume and inflation - At € 409 million ( 326), EBIT is 25 % higher than the previous year; positive earnings performance in all three global regions - Earnings per ordinary share and per preference share each improve by € 0.41, or 24 %, to € 2.14 (1.73) and € 2.15 (1.74) respectively - Free cash flow before acquisitions is significantly down on the previous year at €92 mil- lion (181) due to an inflation-driven increase in net operating working capital (NOWC) - The conflicts in the Gulf region and their impact on trade routes and infrastructure continue to cause supply bottlenecks; raw material costs remain high and are continu- ing to rise for some base oils. FUCHS has so far succeeded in securing sufficient raw materials to supply its customers and in limiting the effects of inflation. Based on its strong performance in the first nine months, FUCHS is adjusting its EBIT outlook to around € 500 million and also expects an improvement in FUCHS Value Added. Sales revenues are now projected to be around € 4.1 billion. The updated forecast is there- fore as follows: – Sales revenues: around € 4.1 billion (previously: significantly above € 3.7 billion) – EBIT: around € 500 million (previously: € 460 – 480 million) – FVA: around € 300 million as a result of the strong EBIT performance in the first nine months (previously: moderately above the previous year (€ 249 million)) – Free cash flow before acquisitions: significantly below € 270 million due to the sharp rise in raw material costs and sales prices (unchanged from Q1) FUCHS Group in € million Q1 – 3 2026 Q1 – 3 2025 Change in % Sales revenues 1 3,126 2,700 16 Europe, Middle East, Africa ( EMEA ) 1,816 1,556 17 Asia-Pacific 859 763 13 North and South America 593 521 14 Consolidation – 142 – 140 – Earnings before interest and tax ( EBIT ) 409 326 25 Earnings after tax 281 228 23 Investments 65 47 38 Free cash flow before acquisitions 92 181 – 49 Earnings per share (in €) Ordinary share 2.14 1.73 24 Preference share 2.15 1.74 24 Employees as at September 30 7,213 6,881 5 1 By company location. 1.1 FUCHS at a glance 3 1 Quarterly results 2 Further information 1.1 FUCHS at a glance
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“In what continues to be a challenging environment, FUCHS has continued its positive business performance. In the first nine months, we increased sales revenues by 16 % to € 3,126 million and EBIT by 25 % to € 409 million. All three global regions contributed to this with material improvements in earnings. It is particularly encouraging that the strong growth in sales revenues is also clearly reflected in EBIT. The ongoing geopolitical tensions and disruptions in the raw material markets have continued to pose major challenges for us in recent months. Without the extraordinary dedication of the entire FUCHS team, this extremely positive result would not have been possible, and I would like to thank all my colleagues around the world for this outstanding achievement. For the fourth quarter, we expect sales revenue growth to remain on track compared to the previous year. At the same time, we anticipate that sales volume growth will slow toward the end of the year due to the pull-forward effects seen in the first half of the year, along with seasonal factors. In addition, the risks relating to sales volumes and margins remain high in this volatile market environment. This means we cannot simply extrapolate the strong third-quarter results. Based on our very good performance in the first nine months, however, we are raising our EBIT outlook to around € 500 million and refining our sales revenue forecast to around € 4.1 billion.” Stefan Fuchs, Chairman of the Executive Board Stefan Fuchs, Chairman of the Executive Board 4 1 Quarterly results 2 Further information 1.1 FUCHS at a glance
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Development of sales revenues in the Group Significant increase in sales revenues in the Group by around 16 % or € 426 million to € 3,126 million (2,700). - All regions record strong organic increase in sales revenues; growth driven by both volume and inflation - External growth of € 68 million largely as a result of the full acquisition of the joint venture in Turkey at the end of April 2026 - Negative currency effects ease considerably over the course of the year; slightly positive currency effects in the third quarter 1.2 Business development in the first nine months of 2026 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Development of sales revenues in the Group (in € million) 3,126 (16 %) – 1 (0 %) 68 (3 %) 2,700 359 (13 %) Q1 – 3 2025 Organic External Currency Q1 – 3 2026 5 1 Quarterly results 2 Further information 1.2 Business development in the first nine months of 2026
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Development of sales revenues by region / segment The EMEA region sees a sharp increase in sales revenues of 17 %, or € 260 million, to € 1,816 million; in addition to strong organic growth, acquisition and currency effects contribute to this positive performance - Strong growth across the entire region; substantial abso- lute growth contributions from Germany, South Africa, the United Kingdom, Poland, and Italy - Sales revenue growth driven mainly by volume in the first half of the year and primarily by inflation in the third quarter - External growth stems primarily from the full acquisition of the joint venture in Turkey at the end of April 2026 - Currency effects are slightly positive, amounting to € 7 million, or 1 % As a result of strong organic growth and slightly posi - tive currency effects, the Asia-Pacific region records an increase in sales revenues of € 96 million, or 13 %, to € 859 million - All countries show significant sales revenue growth; China makes a large absolute contribution, while smaller countries post strong relative growth - Organic growth driven by positive business performance and inflationary effects - Currency effects show a positive turnaround over the course of the year Sales revenue increase in North and South America of 14 % or € 72 million to € 593 million; strong organic growth more than offsets negative currency effects - High organic growth driven primarily by volume increases in North America; South America also posts significant growth - External growth of € 1 million attributable to IRMCO, the specialist in lubricant solutions for metal forming acquired in April of the previous year - Negative currency effects continue to ease over the course of the year, but still impact sales by € 18 million, or – 3 %; slightly positive effect in the third quarter 1,000 800 600 400 200 0 Europe, Middle East, Africa ( EMEA ) (in € million) Asia-Pacific (in € million) North and South America (in € million) 2,000 1,600 1,200 800 400 0 Q1 – 3 2025 Organic External Currency Q1 – 3 2026 1,816 (17 %) 7 (1 %) Q1 – 3 2025 Organic External Currency Q1 – 3 2026 859 (13 %) 87 (12 %) 0 (0 %) 9 (1 %) 600 450 300 150 0 Q1 – 3 2025 Organic External Currency Q1 – 3 2026 593 (14 %) 89 (17 %) – 18 (– 3 %) 1 (0 %) 1,556 763 521 67 (4 %) 186 (12 %) 6 1 Quarterly results 2 Further information 1.2 Business development in the first nine months of 2026
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Group results of operations Income Statement Change in € million Q1 – 3 2026 Q1 – 3 2025 absolute relative in % Sales revenues 3,126 2,700 426 16 Cost of sales – 2,054 – 1,759 – 295 17 Gross profit 1,072 941 131 14 Selling and distribution expenses – 425 – 398 – 27 7 Administrative expenses – 161 – 162 1 – 1 Research and development expenses – 63 – 64 1 – 2 Other operating income 42 24 18 75 Other operating expenses – 55 – 22 – 33 > 100 EBIT before income from companies consolidated at equity 410 319 91 29 Income from companies consolidated at equity – 1 7 – 8 < – 100 Earnings before interest and tax ( EBIT ) 409 326 83 25 Financial result – 5 – 5 0 0 Earnings before tax ( EBT ) 404 321 83 26 Income taxes – 123 – 93 – 30 32 Earnings after tax 281 228 53 23 Thereof Non-controlling interests 0 0 0 0 Profit attributable to shareholders of FUCHS SE 281 228 53 23 Earnings per share in € 1 Ordinary share 2.14 1.73 0.41 24 Preference share 2.15 1.74 0.41 24 1 Basic and diluted in both cases. - Sales revenue growth of 16 % or € 426 million; growth in the first half of the year mostly driven by volume, and in the third quarter primarily by inflation - Gross profit up 14 % or € 131 million; due to inflation, the gross margin of 34.3 % is lower than in the same period in the previous year (34.9) - Other functional costs rise less sharply than sales revenues, by just € 40 million; in addition to consolidation effects from the acquisition in Turkey, this is primarily due to higher freight and other distribution costs resulting from increased volumes, as well as other operating income; positive one-time effects result from a sale of land and from the revaluation of the previously held 50% stake in the joint venture in Turkey; however, these effects cannot fully offset the negative one-time effects, which arise primarily from the initial consolidation of this joint venture - At equity earnings decline to € – 1 million (7), primarily as a result of the full acquisition of the former joint venture in Turkey and a fire within the joint venture in Saudi Arabia - EBIT jumps by 25 % or € 83 million compared to the first nine months of the previous year, reaching € 409 million; EBIT margin increases to 13.1 % (12.1) - Financial result at € – 5 million (– 5), on a par with the previous year - Earnings after tax total € 281 million, up 23 % or € 53 million on the previous year - Earnings per ordinary share and per preference share each improve by € 0.41, or 24 %, to € 2.14 (1.73) and € 2.15 (1.74) respectively 7 1 Quarterly results 2 Further information 1.2 Business development in the first nine months of 2026
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in € million EMEA Asia- Pacific North and South America Holding / consoli - dation FUCHS Group Q1 – 3 2026 Sales revenues by company location 1,816 859 593 – 142 3,126 EBIT before income from companies consolidated at equity 197 131 81 1 410 in % of sales 10.8 % 15.3 % 13.7 % – 13.1 % Income from companies consolidated at equity – 1 – – – – 1 Segment earnings ( EBIT ) 196 131 81 1 409 Investments 22 11 13 19 65 Number of employees as at September 30 1 4,617 1,207 1,218 171 7,213 Q1 – 3 2025 Sales revenues by company location 1,556 763 521 – 140 2,700 EBIT before income from companies consolidated at equity 163 102 57 – 3 319 in % of sales 10.5 % 13.4 % 10.9 % – 11.8 % Income from companies consolidated at equity 7 – – – 7 Segment earnings ( EBIT ) 170 102 57 – 3 326 Investments 17 8 8 14 47 Number of employees as at September 30 1 4,327 1,160 1,223 171 6,881 1 Including trainees. Results of operations of the regions / segments EMEA (Europe, Middle East, Africa) increases EBIT by € 26 million or 15 % to € 196 mil- lion as a result of strong sales revenue growth - Nearly all countries outperform the previous year in terms of EBIT; particularly significant contributions to the improvement in earnings come from South Africa, the United Kingdom, and Germany - At equity income (excluding Turkey since the end of April 2026) come in at € – 1 million (7), well below the previous year, negatively impacted by an impairment charge result- ing from a fire at the joint venture in Saudi Arabia - No noteworthy currency effects Asia-Pacific improves EBIT, which is up by € 29 million or 28 % to € 131 million - Strong sales revenue growth leads to an improved gross margin; positive absolute earnings contributions primarily from Australia and China - Positive one-time effect of € 7 million from the sale of land in Australia in the first quarter - Slightly positive currency effects, mainly from China and Australia North and South America increase EBIT by € 24 million or 42 % to € 81 million - Significant improvement in earnings compared to the weak prior-year period, which was impacted in particular in the second quarter by uncertainties resulting from tariff announcements - Healthy earnings growth in both North and South America - Negative currency effects ease over the course of the year; slightly positive effect in the third quarter 8 1 Quarterly results 2 Further information 1.2 Business development in the first nine months of 2026
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1.3 Employees At the end of the quarter, the global workforce stands at 7,213 employees. The increase of 334 compared with December 31, 2025, and of 332 compared with the end of the same quarter of the previous year, is mainly due to the full consolidation of the joint venture in Turkey, which has 245 employees. 1.4 Outlook FUCHS continues to operate in a volatile geopolitical and economic environment. The conflicts in the Gulf region and their impact on key trade routes and infrastructure continue to cause supply bottlenecks. Raw material costs remain high and continue to rise for some base oils. FUCHS has so far succeeded in securing sufficient raw materials to supply its customers and in limiting the effects of inflation. For the fourth quarter, sales revenue growth is expected to continue compared with the previous year due to inflation. At the same time, sales volume growth is likely to slow toward the end of the year due to the pull-forward effects seen in the first half of the year, along with seasonal factors. In addition, risks remain regarding the development of sales volumes, costs, and margins. Given this context, the third-quarter earnings performance should not be taken as an indication of the future course of business. Based on its strong earnings performance in the first nine months, FUCHS is adjusting its forecast for the full year 2026 as follows: - Sales revenues: around € 4.1 billion (previously: significantly above € 3.7 billion) - EBIT: around € 500 million (previously: € 460 – 480 million) - FVA: around € 300 million as a result of the strong EBIT performance in the first nine months (previously: moderately above the previous year (€ 249 million)) - Free cash flow before acquisitions: significantly below € 270 million due to the sharp rise in raw material costs and sales prices (unchanged from Q1) With its global presence and solid financial foundation, FUCHS remains well positioned. The focus is on profitable growth and the consistent implementation of the FUCHS 100 strategy. FUCHS SE Mannheim, October 30, 2026 9 1 Quarterly results 2 Further information 1.3 Employees 1.4 Outlook
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Change in € million Sept 30, 2026 Dec 31, 2025 absolute relative in % Assets Goodwill 324 312 12 4 Other intangible assets 131 104 27 26 Property, plant and equipment 824 787 37 5 Shares in companies consolidated at equity 28 59 – 31 – 53 Other financial assets 6 6 0 0 Deferred tax assets 48 44 4 9 Other receivables and other assets 8 10 – 2 – 20 Non-current assets 1,369 1,322 47 4 Inventories 775 566 209 37 Trade receivables 759 514 245 48 Tax receivables 12 10 2 20 Other receivables and other assets 41 46 – 5 – 11 Cash and cash equivalents 184 244 – 60 – 25 Assets held for sale 0 1 – 1 0 Current assets 1,771 1,381 390 28 Total assets 3,140 2,703 437 16 1.5 Balance sheet 10 1 Quarterly results 2 Further information 1.5 Balance sheet
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Change in € million Sept 30, 2026 Dec 31, 2025 absolute relative in % Equity and liabilities Subscribed capital 131 131 0 0 Group reserves 1,745 1,539 206 13 Group profits 281 306 – 25 – 8 Equity of shareholders of FUCHS SE 2,157 1,976 181 9 Non-controlling interests 3 3 0 0 Total equity 2,160 1,979 181 9 Pension provisions 8 8 0 0 Other provisions 8 8 0 0 Deferred tax liabilities 56 51 5 10 Financial liabilities 55 55 0 0 Other liabilities 6 8 – 2 – 25 Non-current liabilities 133 130 3 2 Trade payables 454 312 142 46 Other provisions 39 29 10 34 Tax liabilities 47 35 12 34 Financial liabilities 88 38 50 > 100 Other liabilities 219 180 39 22 Current liabilities 847 594 253 43 Total equity and liabilities 3,140 2,703 437 16 11 1 Quarterly results 2 Further information 1.5 Balance sheet
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1.6 Statement of cash flows in € million Q1 – Q3 2026 Q1 – Q3 2025 Earnings after tax 281 228 Depreciation and amortization of non-current assets 76 75 Change in non-current provisions and in other non-current assets (covering funds) 0 1 Change in deferred taxes –2 – 3 Other non-cash items 8 0 Non-cash income from shares in companies consolidated at equity 1 – 7 Dividends received from companies consolidated at equity 8 8 Gross cash flow 372 302 Gross cash flow 372 302 Change in inventories – 176 – 35 Change in trade receivables – 207 – 92 Change in trade payables and remaining other liabilities 1 118 41 Change in other assets and other liabilities (excluding financial liabilities) 54 16 Net gain/loss on disposal of non-current assets – 8 0 Cash flow from operating activities 153 232 Cash paid for intangible assets and property, plant and equipment – 70 – 51 Cash received from the disposal of non-current assets 9 0 Cash paid for acquisitions less cash aquired – 30 – 23 Cash flow from investing activities – 91 – 74 Free cash flow before acquisitions 2 92 181 Free cash flow 62 158 Dividends paid for previous year – 160 – 153 Changes in financial liabilities 31 – 8 Cash flow from financing activities – 129 – 161 Cash and cash equivalents as at Dec 31 of the previous year 244 153 Cash flow from operating activities 153 232 Cash flow from investing activities – 91 – 74 Cash flow from financing activities – 129 – 161 Effect of currency translations 7 – 8 Cash and cash equivalents at the end of the period 184 142 1 Remaining other liabilities relate to advance payments received and liabilities from customer discounts. 2 Free cash flow before cash paid for acquisitions and before cash acquired through acquisitions. 12 1 Quarterly results 2 Further information 1.6 Statement of cash flows
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1.7 Share price development of FUCHS shares Performance* of ordinary and preference shares in comparison with DAX and MDAX (January 1 – September 30, 2026) Rel % 120 110 100 90 January 2026 February 2026 March 2026 April 2026 May 2026 June 2026 July 2026 August 2026 September 2026 Preference share Ordinary share DAX MDAX * Price trend including dividends. Source: Bloomberg 13 1 Quarterly results 2 Further information 1.7 Share price development of FUCHS shares
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Financial calendar Dates 2027 March 19, 2027 Annual Report 2026 April 28, 2027 Quarterly Statement as at March 31, 2027 May 5, 2027 Annual General Meeting July 30, 2027 Half-year Financial Report as at June 30, 2027 October 29, 2027 Quarterly Statement as at September 30, 2027 The financial calendar is updated regularly. You can find the latest dates on the webpage at www.fuchs.com/financial-calendar Contact and imprint If you have any questions regarding the company or should you wish to be added to our mailing list for corporate publications, please contact our Investor Relations team: E-mail: ir@fuchs.com Andreas Schaller Maximilian Seidel Head of Investor Relations Manager Investor Relations Telephone +49 621 3802-1145 Telephone +49 621 3802-1213 andreas.schaller@fuchs.com maximilian.seidel@fuchs.com Theresa Landau Publisher Specialist Investor Relations FUCHS SE Telephone +49 621 3802-1110 Einsteinstraße 11 theresa.landau@fuchs.com 68169 Mannheim Germany Telephone +49 621 3802-0 www.fuchs.com/group Note regarding the Quarterly Statement In case of deviations between this English translation and the original German version of this Quarterly Statement, the original German version takes precedence. Note on rounding Due to rounding, numbers presented in this Quarterly Statement may not add up precisely to totals provided, and percentages stated may not precisely reflect the absolute figures to which they refer. Disclaimer This Quarterly Statement contains statements about future developments that are based on assumptions and estimates by the management of FUCHS SE. Statements about future developments are all statements that do not refer to historical facts and events and contain such forward-looking formulations as “believes”, “estimates”, “assumes”, “expects”, “anticipates”, “forecasts”, “intends”, “could”, “will”, “should”, or similar formulations. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes to ex change rates and interest rates, and changes within the lubricants industry. FUCHS SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this Quarterly Statement and assumes no liability for such. We do not assume any obligation to update the future-oriented statements made in this Quarterly Statement. 14 1 Quarterly results 2 Further information Financial calendar, Contact and imprint