Earnings release
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Puig delivers a record Q3 with +5.6% LFL revenue growth Record Q3 net revenue, accelerating to €1,391 million, +5.6% LFL and +7.2% on a reported basis 9M 2026 net revenue growth of +4.8% LFL, to €3,745 million LFL growth across all categories and regions in the first nine months Puig reiterates its FY 2026 outlook Puig will hold its first ever Capital Markets Day on October 28th Jose Manuel Albesa, CEO of Puig, said: “I’m pleased with our strong and consistent delivery in the first nine months of 2026, with growth of +4.8%, alongside a record third quarter, up +5.6%. Momentum was broad across business segments and regions. Asia-Pacific, Niche Fragrances, Dermo- Cosmetics and Makeup were particularly strong, delivering double-digit growth, alongside continued healthy growth in Fragrance and Fashion. This performance reflects the strength of our innovations and our distinctive portfolio, and is in line with our outlook for the year. We look forward to sharing an update on our strategy at our Capital Markets Day on October 28th, when we will set out our priorities for the next phase of Puig’s growth.” Net revenue performance in Q3 and 9M 2026 Performance breakdown for both periods Q3 2025 Q3 2026 Q3 Growth 9M 2025 9M 2026 9M Growth €M €M €M €M Net revenue (Reported) 1,296.9 1,390.8 +7.2% 3,596.2 3,744.5 +4.1% Like-for-like revenue growth(1) +6.1% +5.6% +7.0% +4.8% Puig delivered a consistent performance in the first nine months of 2026, with net revenue up +4.8% LFL (+4.1% reported) to €3,745 million. All business segments and regions recorded LFL growth over the period, with double- digit growth in Niche Fragrances, Makeup, Dermo-Cosmetics and Asia- Barcelona, October 21st, 2026 Q3 2026 Sales Update puig.com 1 1 Like-for-like (LFL) net revenue growth reflects the organic growth by adjusting net revenues for the impact of (i) changes in scope/perimeter and (ii) exchange rate fluctuations
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Pacific. Carolina Herrera delivered a noteworthy performance, alongside promising early momentum for new launches such as Rabanne’s 1 Million Black and Jean Paul Gaultier’s La Favorite. Currency movements had a (0.7%) impact on reported net revenue during the period, primarily due to the US Dollar. In Q3, net revenue grew +5.6% LFL (+7.2% reported) to €1,391 million, with growth across all regions, driven by Fragrances and Makeup. During Q3, currency movements positively impacted reported net revenue by +1.7%, primarily due to the strength of the US Dollar, reversing the trend of negative impact seen in the first half of the year. Net revenue breakdown by business segment Q3 2025 Q3 2026 Q3 growth 9M 2025 9M 2026 9M growth €M €M Reported LFL €M €M Reported LFL Fragrance and Fashion 932.4 985.8 +5.7% +3.9% 2,617.0 2,702.0 +3.2% +3.8% Makeup 230.0 269.7 +17.2% +16.1% 569.2 628.5 +10.4% +12.0% Skincare 134.5 135.3 +0.6% (0.8%) 410.0 414.1 +1.0% +1.3% Fragrance and Fashion grew +3.8% LFL (+3.2% reported) in the first nine months of 2026, generating net revenue of €2,702 million. The segment accounted for 72% of Puig’s net revenue in the period. In Q3, net revenue grew +3.9% LFL (+5.7% reported) to €986 million, with Niche Fragrances continuing to deliver double-digit growth alongside strong delivery by Carolina Herrera. Noteworthy launches in Q3 included La Favorite, the first feminine launch by Jean Paul Gaultier in ten years, and Rabanne’s 1 Million Black with promising early results. Makeup was Puig’s fastest-growing business segment in the first nine months of 2026, with net revenue up +12.0% LFL (+10.4% reported) to €628 million. The segment represented 17% of Puig’s net revenue in the period. In Q3, net revenue grew +16.1% LFL (+17.2% reported) to €270 million. Strong sell-out performance was supported by continued value market share capture across regions, as well as by innovation and modest distribution gains in selected markets. Noteworthy launches in Q3 included the Airbrush puig.com 2
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Flawless Blur Loose Powder, alongside the reformulated Blush Blur within the same franchise from Charlotte Tilbury. Skincare grew +1.3% LFL (+1.0% reported) in the first nine months of 2026, generating net revenue of €414 million. The segment represented 11% of Puig’s net revenue in the period. Dermo-Cosmetics, a segment of strategic long-term focus, led by Uriage, continued to deliver double-digit growth in Q3, while premium skincare remained soft, in line with recent quarters. Net revenue breakdown by geography Q3 2025 Q3 2026 Q3 growth 9M 2025 9M 2026 9M growth €M €M Reported LFL €M €M Reported LFL EMEA 699.3 727.5 +4.0% +3.8% 1,898.0 1,948.7 +2.7% +3.0% Americas 463.7 506.7 +9.3% +6.2% 1,330.6 1,365.9 +2.6% +3.8% Asia-Pacific 133.9 156.5 +16.9% +12.9% 367.6 430.0 +17.0% +17.9% EMEA grew +3.0% LFL (+2.7% reported) in the first nine months of 2026, generating net revenue of €1,949 million. The region accounted for 52%2 of Puig’s net revenue in the period. In Q3, net revenue grew +3.8% LFL (+4.0% reported) to €728 million. Growth was driven by strong underlying performance in Niche, Dermo-Cosmetics and Makeup, complemented by modest distribution gains in the region. The disruption seen in the Middle East during 1H 2026 did not meaningfully affect the region's performance during the quarter. The Americas grew +3.8% LFL (+2.6% reported) in the first nine months of 2026, generating net revenue of €1,366 million. The region represented 36%2 of Puig’s net revenue in the period. In Q3, net revenue grew +6.2% LFL (+9.3% reported) to €507 million. The quarter benefited from strong performance in Fragrance and in Makeup, which more than offset a strong comparable period in the prior year. Foreign exchange had a positive impact in Q3 across North America and LatAm. APAC was Puig’s fastest-growing region in the first nine months of 2026, with net revenue up +17.9% LFL (+17.0% reported) to €430 million. The region represented 11%2 of Puig’s net revenue in the period. In Q3, net revenue grew puig.com 3 2 Totals may not add up due to rounding.
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+12.9% LFL (+16.9% reported) to €157 million, supported by strong performance across categories including noteworthy growth in Niche and Makeup, leveraging performance in digital channels. 2026 Outlook Puig reaffirms its FY 2026 outlook, expecting to outperform the premium beauty market on a like-for-like basis while anticipating that Adjusted EBITDA margins will remain stable, in line with FY 2025. Other significant events ISDIN On 14 September 2026, Puig announced that it had entered into an agreement to acquire Corporacion Quimico-Farmaceutica Esteve's (CQFE) 50% interest in ISDIN. Following completion of the transaction, Puig will own 100% of ISDIN. The transaction is expected to close by the end of the first quarter of 2027, subject to obtaining regulatory approvals. Under the terms of the agreement, Puig will pay €900 million in cash at closing. A fixed, non-interest-bearing deferred payment of €300 million will become payable in the first quarter of 2029. Capital Markets Day Puig will host its Capital Markets Day on October 28th in Madrid, starting at 13:00 CET. The event will be available via webcast. Register for the webcast: puigcmd2026.com Home of Creativity In September, Carolina Herrera celebrated its 45th anniversary during New York Fashion Week, with Wes Gordon presenting an acclaimed Spring/ Summer 2027 inspired by New York icons. Karlie Kloss closed the show, which also celebrated the 10th anniversary of Good Girl. Dries Van Noten continued to build momentum under Creative Director Julian Klausner with the Spring/Summer 2027 collection, presented in Paris in September, being recognized among the top 10 shows of the season by leading fashion media. puig.com 4
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About Puig Puig i s a H o m e o f C r e a t i v i t y b r i n g i n g t o g e t h e r a c u r a t e d p o r t f o l i o o f L o v e Brands, within a family company, that furthers wellness, confidence and self- e x p r e s s i o n w h i l e l e a v i n g a b e t t e r w o r l d . S i n c e 1 9 1 4 , o u r e n t r e p r e n e u r i a l s p i r i t , creativity, and passion for innovation have turned Puig into a global leader in the premium beauty industry. Present in the Fragrance and Fashion, Makeup and Skincare segments, our Home of Love Brands generates engagement through inspiring storytelling that connects with people’s emotions and is reinforced by a powerful ecosystem of founders. Puig's portfolio includes Rabanne, Carolina Herrera, Charlotte Tilbury, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Byredo, Penhaligon’s, L’Artisan Parfumeur, Uriage, Apivita, Dr. Barbara Sturm, Kama Ayurveda and Loto del Sur as well as the beauty licenses of Christian L o u b o u t i n , B a n d e r a s a n d A d o l f o D o m i n g u e z , a m o n g o t h e r s . At Puig, we honour the values and principles established through three generations of family leadership. Today, we continue to build on that legacy through Nurture Positive Impact, our 2032 Sustainability Strategy. It reflects our belief that creativity and responsibility are inseparable forces for positive change for people and the planet. In 2025, Puig recorded net revenues of €5,042 million. Puig sells its products in more than 150 countries and has offices in 33 of them. Follow us Instagram LinkedIn Further information: Investor Relations investor.relations@puig.com Global Communications global.communications@puig.com puig.com 5
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Disclaimer This document has been prepared by Puig Brands, S.A. (the “Company” and together with its subsidiaries, the “Group”) for the sole purpose expressed herein and neither this document nor the information contained herein, can be used, disclosed, or published by third parties for other purposes without the prior written consent of the Company. Neither the Company, nor other companies of the Group, will assume any responsibility, whether for negligence or other reason, for any damage or loss arising from any use of this document or the information contained therein. In particular, no investment decision on the Company’s shares, securities or other financial instruments of the Company linked to them shall be taken on the basis of this document and the information contained herein. This document 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 except in compliance with applicable laws and regulations of those jurisdictions. Forward-Looking Statements The information in this document may include forward-looking statements, which are based on current expectations, 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”, “project”, “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 discussed in this document, 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 industry, 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. No representation or warranty is made that any forward-looking statement will come to pass. Forward-looking statements speak as of the date of this document and the Company does not undertake to publicly update or revise any such 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 implied, 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. The Company does not undertake any obligation to publicly update any forward-looking statements to reflect events or circumstances occurring after the date of this document. Past performance is not indicative of future results Statements regarding historical performance or, where applicable, growth rates are not intended to imply that future performance, 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 includes financial information prepared by the Company under the International Financial Reporting 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 performance 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 (“ESMA”) Guidelines on Alternative Performance Measures 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. These 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 operations. Recipients should not place undue reliance on this information. puig.com 6