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1 Q3 2026 SALES UPDATE October 21 st , 2026
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This document has been prepared by Puig Brands, S.A. (the “Company” and together with its subsidiaries, the “Group”) for the sol e purpose expressed herein and neither this document, the related webcast, nor the information contained herein, can be used, disclosed, or published by third parties for other purposes without the prior written consent of the Com pan y. Neither the Company, nor other companies of the Group, will assume any responsibility, whether for negligence or other reason , f or any damage or loss arising from any use of this document, the related webcast, or the information contained therein. In particular, no investment decision on the Company’s shares, securities or other financial instruments of the Comp any linked to them shall be taken on the basis of this document, the related webcast, and the information contained herein. This document, the related webcast, and the information contained herein should not be interpreted as an offer or invitation to acquire, subscribe, buy, sell, or exchange shares or securities of the Company or financial instruments referenced to or which underlying is shares or securities of the Company. It should also not be considered a solicitation of an offer for such activities, nor a recommendation or advice regarding shares or securities issued by the Company or financial instruments referenced to or which underlying is shares or securities of the Company. The securities of the Company have not been registered under the United States Securities Act of 1933, and cannot be or will not be offered or sold in the United States, except in compliance with an effective registration statement or under a valid exemption from registration requirements. Likewise, these securities cannot be offered or sold in other jurisdictions ex cept in compliance with applicable laws and regulations of those jurisdictions. Forward - Looking Statements The information in this document and in the related webcast may include forward - looking statements, which are based on current e xpectations, projections and assumptions about future events. These forward - looking statements include all matters that are not historical facts. The words “believe”, “expect”, “anticipate”, “intends”, “estimate”, “forecast”, “p roj ect”, “plan”, “will”, “may”, “should”, “target”, and similar expressions identify forward - looking statements. These forward - looking statements, as well as those included in any other information included in this document or discussed in the rel ated webcast, are subject to known or unknown risks, uncertainties and assumptions about the Group and its operations, including, among other things, the development of its business, its growth plan and targets, trends in its indust ry, economic and demographic trends, and the Group’s future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, which may be beyond the Group’s control, the events in the forward - looking statements may not occur and actual results, performance or achievements may materially differ from any future results, performance or achievements that may be expressed or implied in this document and/or the related webcast. No representation o r w arranty is made that any forward - looking statement will come to pass. Forward - looking statements speak as of the date of this document and its related webcast and the Company does not undertake to publicly update or revise any s uch forward - looking statement, whether as a result of new information, future events or otherwise. Such forward - looking statements do not purport to be exhaustive, nor have they been verified or audited by third parties. None of the Company or any of the companies of the Group, or any of their respective directors, officers, employees, advisers or agents, accepts any responsibility or liability whatsoever or makes any representation or warranty, expressed or imp lied, as to the truthfulness, fairness, accuracy, completeness or verification of such information. Accordingly, undue reliance should not be placed on any forward - looking statement contained in this document or the related webcast. The Comp any does not undertake any obligation to publicly update any forward - looking statements to reflect events or circumstances occurring after the date of this document and its related webcast. Past performance is not indicative of future results Statements regarding historical performance or, where applicable, growth rates are not intended to imply that future performa nce , share price or future results for a given period will necessarily match or exceed those of a prior year. Alternative Performance Measures and Non - IFRS Information This document and the related webcast include financial information prepared by the Company under the International Financial Re porting Standards (“IFRS”) adopted by the European Union, as well as certain non - IFRS consolidated financial measures of the Group derived from (or based on) its accounting records, and which it regards as alternative perfor man ce measures (“APMs”) for the purposes of Commission Delegated Regulation (EU) 2019/979 of March 14, 2019 and as defined in the European Securities and Market Authority Guidelines (“ESMA”) Guidelines on Alternative Performance Meas ure s dated October 5, 2015. Other companies may calculate such financial information differently or may use such measures for different purposes than the Company does, limiting the usefulness of such measures as comparative measures. Th ese measures should not be considered as alternatives to measures derived in accordance with IFRS, have limited use as analytical tools, should not be considered in isolation and, may not be indicative of the Company’s results of op erations. Recipients should not place undue reliance on this information. Disclaimer
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Home of Creativity
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9M 2026 Net Revenues Growth was led by the continued strong performance of Fragrance & Fashion and Makeup Dermo - Cosmetics brands delivered double - digit growth Growth from all geographies, led by APAC Outperforming the premium beauty market 9M 2026 Results 4.8% +4.1% YoY growth in €M 9M 2025 LFL growth FX 9M 2026 Change in perimeter 4.8% like - for - like growth in 9M 2026 9M 2026 growth (0.7)%
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+7.2% in €M Q3 2025 LFL growth FX Q3 2026 +5.6% like - for - like growth in Q3 2026 Q3 2026 Net Revenues 2026 - Evolution of quarterly like - for - like growth +5.6% Consistent delivery YTD 2026 YoY growth 9M 2026 Results Q3 26 growth
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9M LFL GROWTH +3.9% Fragrance & Fashion Q3 LFL GROWTH +3.8% Net Revenue by business segment
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Makeup Net Revenue by business segment +12.0% 9M LFL GROWTH Q3 LFL GROWTH +16.1%
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(0.8)% 9M LFL GROWTH Q3 LFL GROWTH +1.3% Skincare Net Revenue by business segment 9M LFL GROWTH Q3 LFL GROWTH
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3.8% 3.0% EMEA Net Revenue by geographies 9M LFL GROWTH Q3 LFL GROWTH
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6.2% 9M LFL GROWTH 3.8% Americas Net Revenue by geographies Q3 LFL GROWTH
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+12.9% +17.9% APAC Net Revenue by geographies 9M LFL GROWTH Q3 LFL GROWTH
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1 2 OUTLOOK
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Guidance for 2026 Strong balance sheet management aiming at maintaining strategic flexibility and financing future growth, with Net Debt / Adjusted EBITDA ratio not to exceed 2.0x Capital Structure Puig expects FY 2026 margins to remain stable Adj. EBITDA Margin Intention to maintain ~40% dividend payout ratio out of reported net profit in line with track record Dividends Highly selective approach to M&A as we continue to evaluate curated opportunities with a strong strategic fit into our portfolio, while maintaining our capital structure targets M&A Strategy Outlook Puig remains confident that the strength and desirability of its brands will continue to enable LFL revenue outperformance versus the premium beauty market Revenue
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1 4 HIGHLIGHTS
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Welcoming ISDIN to our portfolio of Love Brands
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Carolina Herrera celebrates the 10th anniversary of Good Girl during NY Fashion Week
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Dries Van Noten's Spring/Summer 2027 show, ranked among the season's top 10
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Puig will host its Capital Markets Day on October 28th in Madrid
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1 9 APPENDIX
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Net Revenue - 2026 Q1 Q2 Q3 9M €M Reported LFL €M Reported LFL €M Reported LFL €M Reported LFL Puig 1,215.3 +0.8% +4.7% 1,138.4 +4.1% +4.1% 1,390.8 +7.2% +5.6% 3,744.5 +4.1% +4.8% By business segment Fragrance and Fashion 897.2 +0.1% +3.9% 818.9 +3.9% +3.7% 985.8 +5.7% +3.9% 2,702.0 +3.2% +3.8% Makeup 170.8 +3.3% +9.2% 188.0 +8.1% +9.1% 269.7 +17.2% +16.1% 628.5 +10.4% +12.0% Skincare 147.3 +2.1% +4.7% 131.6 +0.2% (0.3%) 135.3 +0.6% (0.8%) 414.1 +1.0% +1.3% By business regions EMEA 655.9 +1.9% +3.0% 565.2 +1.8% +2.1% 727.5 +4.0% +3.8% 1,948.7 +2.7% +3.0% Americas 428.3 (5.0%) +2.0% 430.8 +3.6% +3.2% 506.7 +9.3% +6.2% 1,365.9 +2.6% +3.8% APAC 131.0 +17.9% +26.1% 142.4 +16.2% +16.1% 156.5 +16.9% +12.9% 430.0 +17.0% +17.9% Appendix Net Revenue by business and region segments
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T u e s d a y , J u l y 2 2 , 2 0 2 5 2 1