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Kid ASA: Quarterly Report 11Kid ASA – Q2 presentation Q3 2026 presentation Beskrivelse av fargekoder • Sort tekst klar for gjennomlesing / kvalitetssikring • Rød tekst fra tidligere Q-rapport ikke oppdatert • Fiolett tekst er forslag til wording til vurdering / diskusjon • Blå tekst er justeringer fra distribuert underlag til RU / Styret • Røde tall / informasjon ikke ferdig beregnet / kvalitetssikret • Gule tall / informasjon klar for dobbeltsjekk / verifisering • Turkise tall / informasjon for diskusjon / vurdering
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Financial summary • Revenues for the Group increased by 12.3% to MNOK 1,012.7 (15.2% in constant currency), supported by solid growth across both segments and strong seasonal assortments • Gross margin increased to 62.3% (61.8%), supported by favourable currency effects • OPEX decreased by 0.6% (+12.0%), reflecting higher activity levels, continued investments in systems and bonus accruals, offset by favourable currency effects and non-recurring items in Q3 2025 • EBITDA increased by 38.5% to MNOK 283.5 (MNOK 204.7), up MNOK 78.8 year -over- year • EPS increased by NOK 1.37 to NOK 2.35 (NOK 0.98) • Operating cash flow improved by MNOK 167.6 compared with Q3 2025, supported by improved working capital development and higher profitability • Half-year dividend payment of NOK 2.75 (NOK 2.50) per share as prepayment for the fiscal year 2026, payable in November Third quarter in brief 2 Kid ASA – Q3 presentation Bytt bilde
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Operational summary • Strong revenue growth across both Kid Interior and Hemtex • Broad-based growth across major categories, with particularly strong development in bedlinen, bathroom products, duvets and pillows • Autumn assortments performed well, supported by earlier product availability, assortment renewal and strong customer demand • Category development continues to support growth • New categories launched since 2022* generated MNOK 62.0 (MNOK 48.4) in revenues • Channel development reflects last year’s product availability constraints • Strong growth in physical stores, while Online revenues declined • Limited product availability in physical stores shifted customer demand towards Online last year Third quarter in brief 3 Kid ASA – Q3 presentation *Definition expanded from 2026 to include all furniture categories. Comparative figures have been restated accordingly
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Operational summary • Warehouse operations remained stable throughout the quarter • High product availability and reliable flow of goods to stores • Continued focus on operational efficiency and productivity improvements • System modernisation progressing according to plan • Continued testing and development of remaining solutions, with lower implementation activity planned during the important Q4 peak season • Gradual European Online expansion • European Online pilot progressing following the launch of Hemtex.de in Germany in Q2 2026 • Store portfolio development continues. Two store projects completed Third quarter in brief 4 Kid ASA – Q3 presentation
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Operational summary Financial Financials
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Revenues 6 Kid ASA – Q3 presentation Group revenues increased by 12.3% to MNOK 1,012.7 in Q3 • In constant currency: • Group revenues increased by 15.2% (+0.5%) • Group like-for-like revenues increased by 14.6% (-1.7%), including Online sales • Online sales decreased by 4.1%* (+26.3%), equivalent to an Online share of 11.9% (14.4%). Including click-and-collect, the Online share was 16.4% (19.8%) • Kid Interior revenues increased by 14.3% (+1.9%) • Like-for-like revenues increased by 13.5% (+0.5%), including Online sales • Online sales increased by 0.5% (+23.5%) • Hemtex revenues increased by 8.7% (+1.4%). In constant currency: • Revenues increased by 17.0% (-1.8%) • Like-for-like revenues increased by 16.6% (-5.3%), including Online sales • Online sales decreased by 10.6%* (+30.2%) REVENUES MNOK LIKE - FOR - LIKE REVENUE GROWTH % *Including Online sales from Germany 452 493 536 574 574 656 874 281 308 320 341 328 357 579 734 800 856 915 902 1,013 1,452 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Kid Interior Hemtex 2.9 % 6.1 % 4.6 % 8.3 % -1.7 % 14.6 % 0.8 % 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4
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Gross margin 7 Kid ASA – Q3 presentation Improved gross margin in the third quarter • Group gross margin increased by 0.5pp to 62.3% (61.8%) in the third quarter • Kid Interior gross margin remained stable at 61.6% (61.6%) • Hemtex gross margin increased by 1.4pp to 63.4% (62.0%) • The increase in Group gross margin reflects • Favourable currency effects • Freight rates stabilised during the quarter following the increases observed during the first half of 2026 • The Group continues to monitor freight market developments, with no material delivery disruptions currently expected GROUP GROSS MARGIN % 60.6 % 62.3 % 61.8 % 61.2 % 61.6 % 61.2 % 63.2 % 62.3 % 62.3 % Q1 Q2 Q3 Q4 YTD 2025 2026
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OPEX 8 Kid ASA – Q3 presentation OPEX-TO-SALES (excl. IFRS 16) of 46.2% (51.9%) • Employee benefit expenses increased by MNOK 15.9 in constant currency • General salary increases in LFL stores • Higher bonus accruals due to improved performance • Higher Logistics costs reflecting an increased share of permanent in-house employees • Other operating expenses decreased by MNOK 7.1 in constant currency • Lower Logistics costs, mainly reflecting the shift from external workforce to permanent in-house employees • Lower Online distribution costs • Higher marketing activity • Comparison period impacted by non-recurring warehouse-related items • Currency effects decreased OPEX base by MNOK 10.9 • Decrease due to SEK/NOK translation differences compared with last year OPEX MNOK OPEX MNOK 353 16 - 7 - 11 351 OPEX Q3-25 Employee Expenses Other Expenses Currency effects OPEX Q3-26 192 201 199 200 183 194 218 138 157 147 165 170 158 233 330 358 346 365 353 351 451 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Personell Other Opex
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9 Kid ASA – Q3 presentation EBITDA MNOK 82 91 133 152 146 200 266 34 42 56 66 59 84 174 115 133 189 218 205 284 440 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 Kid Interior Hemtex
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Cash flow Strong cash flow development • Cash flow from operations was positive at MNOK 261.8 • Supported by strong profitability • Working capital development was positively impacted by other provisions, partly offset by inventory build-up • Cash flow from investments • Mainly related to store openings, store projects and IT initiatives • Dividend received from Prognosgatan Holding AS • Cash flow from financing • Repayment of debt during the quarter • Lease payments and net interest payments 10 Kid ASA – Q3 presentation MNOK Operations Lease paymentsInvestments Net interest DividendChange in debt Change in cash 262 - 26 - 14 - 101 - 117 0 4
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600.0 600.0 400.0 150.0 250.0 300.0 213.7 86.3 100.0 100.0 1,400.0 963.7 436.3 Facility Utilised Available Term loan Revolving credit facilities Overdraft facility Seasonal overdraft facility Cash and credit facilities Satisfactory financial position • Cash and available credit facilities of MNOK 436.3 (MNOK 182.3) at quarter-end • Net interest-bearing debt excl. IFRS 16 of MNOK 963.7 (MNOK 1,047.9) • Gearing ratio, excl. IFRS 16 effects, of 1.60x (1.96x) 11 Kid ASA – Q3 presentation Description Term loan Revolving credit facilities Overdraft facility Seasonal overdraft facility Cash and deposits Maturity* 30.03.2028 30.03.2028 12 months 3 months n.a. *Two optional one-year extension periods. If both options are exercised, the latest possible maturity date will be 30 March 2030. MNOK
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Semi - annual dividend 12 Kid ASA – Q3 presentation Dividend of NOK 2.75 per share • The Board of Directors has decided to pay a half-year dividend of NOK 2.75 per share as a prepayment on the fiscal year 2026 • Following the Q4 2026 results, the Board of Directors will propose the next half- year dividend to the annual general meeting in May 2027 • The pay-out details are: • Last day including right: 16 November 2026 • Ex-date: 17 November 2026 • Record date: 18 November 2026 • Payment date: 27 November 2026 • Date of approval: 4 November 2026 (Board Resolution according to proxy approved at the Annual General Meeting)
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Financials Operational summary Financial 13 Kid ASA – Q1 presentation Store Portfolio and Outlook
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14 Kid ASA – Q3 presentation Store portfolio activity 161 104* 11 7 283* Segment: Kid Interior Segment: HemtexKid Group NUMBER OF STORES PER QUARTER - END *Excluding 11 franchise stores **Subject to final tenant approval New stores Completed 2026 per quarter-end Signed, but not yet completed Closures NO: Krøgenes, Arendal NO: Laksevåg, Bergen SE: Mölndal Centrum NO: Nationaltheateret, Oslo (Q4-26) NO: Tangvall Arena, Søgne (Q4-26) NO: 1 new store** (Q2-27) SE: Boglundsängen, Örebro (Q2-27) SE: Regeringsgatan, Stockholm (Q2-27) Relocations Refurbishment/ expansion NO: 1 store SE: 1 store FI: 1 store NO: 8 stores SE: 2 stores NO: 1 store SE: 6 stores NO: 5 stores SE: 5 stores Extended NO: n.a. SE: n.a. NO: Buskerud Storsenter, Drammen SE: Kållered, Göteborg NO: Glasshuset, Bodø SE: Tuna Park, Eskilstuna SE: Gustav Adolfs Torg, Malmö SE: Tumba, Stockholm
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15 Kid ASA – Q3 presentation Outlook • Continued focus on operational efficiency and productivity improvements in warehouse operations • System modernisation progressing according to plan • Freight rates stabilised during Q3, while market developments continue to be monitored closely • Gradual European Online expansion • Focus on commercial execution through the important Christmas season
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Q&A
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17 Kid ASA – Q3 presentation Segment: Kid Interior The principle for allocating logistics costs and balance sheet items between Kid Interior and Hemtex was changed in February 2025 following the implementation of the new common warehouse. Consequently, the YTD figures are not fully comparable on segment level. KID Interior (Amounts in NOK millions) Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Revenue 655.7 573.6 1,722.6 1,561.9 2,435.5 Revenue growth 14.3 % 1.9 % 10.3 % 4.1 % 4.2 % LFL growth including online sales 13.5 % 0.5 % 9.4 % 2.6 % 3.1 % COGS -251.6 -220.0 -658.0 -599.8 -945.2 Gross profit 404.1 353.6 1,064.7 962.1 1,490.3 Gross margin (%) 61.6 % 61.6 % 61.8 % 61.6 % 61.2 % Other operating revenue 3.7 0.0 7.6 0.4 0.9 Employee benefits expense -120.7 -106.7 -364.0 -343.7 -478.3 Other operating expense -154.2 -164.5 -466.6 -442.6 -631.5 Other operating expense - IFRS 16 effect 67.0 63.2 201.0 183.9 244.7 EBITDA 199.8 145.5 442.7 360.1 626.1 EBITDA margin (%) 30.3 % 25.4 % 25.6 % 23.0 % 25.7 % No. of shopping days 79 79 227 226 306 No. of physical stores at period end 161 159 161 159 160
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18 Kid ASA – Q3 presentation Segment: Hemtex The principle for allocating logistics costs and balance sheet items between Kid Interior and Hemtex was changed in February 2025 following the implementation of the new common warehouse. Consequently, the YTD figures are not fully comparable on segment level. Hemtex (Amounts in NOK millions) Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Revenue 357.0 328.4 1,005.3 930.1 1,509.1 Revenue growth ¹ 17.0 % -1.8% 12.3 % 1.7 % 0.0 % LFL growth including online sales ¹ 16.6 % -5.3% 10.9 % 0.4 % -1.3% COGS -130.6 -124.7 -371.8 -356.8 -575.0 Gross profit 226.3 203.7 633.5 573.3 934.0 Gross margin (%) 63.4 % 62.0 % 63.0 % 61.6 % 61.9 % Other operating revenue 0.8 1.0 2.4 2.8 4.3 Employee benefits expense -72.9 -76.5 -230.9 -229.8 -313.4 Other operating expense -120.1 -120.8 -367.6 -350.6 -511.0 Other operating expense - IFRS 16 effect 49.5 51.9 153.8 153.4 209.1 EBITDA 83.7 59.2 191.3 149.1 323.0 EBITDA margin (%) 23.4 % 18.0 % 19.0 % 16.0 % 21.3 % No. of shopping days 92 92 271 271 362 No. of physical stores at period end (excl. franchise) 122 123 122 123 123 ¹ Calculated in local currency
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19 Kid ASA – Q3 presentation Income statement (Amounts in NOK thousand) Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Revenue 1,012.7 902.0 2,727.9 2,492.1 COGS -382.3 -344.8 -1,029.8 -956.7 Gross profit 630.4 557.2 1,698.2 1,535.4 Gross margin (%) 62.3 % 61.8 % 62.3 % 61.6 % Other operating revenue 4.5 1.0 10.1 3.1 OPEX -351.4 -353.5 -1,074.3 -1,029.4 EBITDA 283.5 204.7 634.0 509.2 EBITDA margin (%) 27.9 % 22.7 % 23.2 % 20.4 % Depreciation and amortisation -138.8 -131.9 -421.9 -419.2 EBIT 144.7 72.8 212.1 90.0 EBIT margin (%) 14.2 % 8.1 % 7.7 % 3.6 % Net finance -24.7 -23.7 -89.3 -86.3 Share of result from joint ventures 0.0 -0.3 -1.3 3.3 Profit before tax 120.0 48.8 121.5 6.9 Net profit 95.4 39.8 93.1 7.0
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20 Kid ASA – Q3 presentation Statement of financial position (Amounts in NOK thousand) Note 30.09.2026 30.09.2025 31.12.2025 Assets Unaudited Unaudited Audited Goodwill 9 66,716 73,466 75,807 Trademark 9 1,511,124 1,516,401 1,518,211 Other intangible assets 9 85,998 69,399 81,837 Deferred tax asset 9,250 0 0 Total intangible assets 1,673,088 1,659,265 1,675,855 Right of use asset 9 1,209,821 1,313,811 1,311,380 Fixtures and fittings, tools, office machinery and equipment 9 454,424 454,703 487,194 Total tangible assets 1,664,245 1,768,514 1,798,574 Investments in associated companies and joint ventures 10 1,575 4,100 4,375 Investment in shares 5 5 5 Loans to associated companies and joint ventures 500 0 500 Total financial fixed assets 2,080 4,105 4,880 Total fixed assets 3,339,413 3,431,884 3,479,310 Inventories 992,968 992,259 934,484 Trade receivables 29,470 27,991 27,415 Other receivables 63,217 85,806 113,864 Derivatives 64,756 30,164 28,569 Total receivables 157,442 143,961 169,847 Cash and bank deposits 0 0 0 Total current assets 1,150,410 1,136,219 1,104,332 Total assets 4,489,823 4,568,104 4,583,641 (Amounts in NOK thousand) Note 30.09.2026 30.09.2025 31.12.2025 Equity and liabilities Unaudited Unaudited Audited Share capital 48,770 48,770 48,770 Share premium 321,050 321,050 321,050 Other paid-in-equity 64,617 64,617 64,617 Total paid-in-equity 434,440 434,440 434,440 Other equity 983,594 861,460 1,017,396 Total equity 1,418,034 1,295,900 1,451,832 Deferred tax 322,349 289,231 304,926 Total provisions 322,349 289,231 304,926 Lease liabilities 899,235 991,930 979,978 Liabilities to financial institutions 6 719,997 751,972 579,984 Total long-term liabilities 1,619,231 1,743,902 1,559,963 Lease liabilities 379,553 394,138 402,989 Liabilities to financial institutions 6 243,739 295,955 142,388 Trade payable 142,815 155,107 193,188 Tax payable 26,933 15,562 52,707 Public duties payable 161,883 171,514 237,722 Other short-term liabilities 162,313 175,100 231,966 Derivatives 12,975 31,697 5,961 Total short-term liabilities 1,130,211 1,239,074 1,266,920 Total liabilities 3,071,791 3,272,206 3,131,809 Total equity and liabilities 4,489,823 4,568,105 4,583,641
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21 Kid ASA – Q3 presentation Allocated segment costs (MNOK) Q1 2026 Q1 2025 Q2 2026 Q2 2025 Q3 2026 Q3 2025 Q4 2026 Q4 2025 Kid ASA and Kid Interior Segment allocated employee benefits expense 3.5 5.9 3.5 7.0 3.4 5.8 6.4 10.4 25.1 Segment allocated other operating expense 4.3 2.8 4.4 2.8 5.6 2.8 4.1 14.2 12.6 Hemtex Segment allocated employee benefits expense -3.5 -5.9 -3.5 -7.0 -3.4 -5.8 -6.4 -10.4 -25.1 Segment allocated other operating expense -4.3 -2.8 -4.4 -2.8 -5.6 -2.8 -4.1 -14.2 -12.6 Total year 2026 Total year 2025
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22 Kid ASA – Q3 presentation Quarterly revenue growth Group Kid Interior Hemtex Total growth Total growth Total growth Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 2021 10.4 % 3.9 % 3.6 % 2.5 % 2021 13.6 % 1.7 % -3.9 % -1.0 % 2021 6.4 % 7.7 % 17.4 % 9.0 % 2022 9.3 % 8.8 % 0.5 % 2.1 % 2022 12.5 % 8.9 % 1.4 % 2.3 % 2022 4.8 % 8.8 % -1.0 % 1.7 % 2023 -1.3 % -2.5 % 12.1 % 10.2 % 2023 5.2 % -1.1 % 13.1 % 9.3 % 2023 -10.9 % -4.8 % 10.5 % 11.9 % 2024 13.7 % 10.6 % 4.4 % 11.7 % 2024 13.4 % 11.0 % 8.7 % 8.8 % 2024 14.3 % 9.9 % -2.3 % 16.2 % 2025 4.4 % 5.0 % 0.5 % 1.5 % 2025 3.3 % 7.1 % 1.9 % 4.4 % 2025 6.1 % 1.7 % -1.8 % -2.6 % 2026 8.0 % 9.1 % 15.2 % 2026 8.9 % 7.1 % 14.3 % 2026 6.6 % 12.5 % 17.0 % Like-for-like growth Like-for-like growth Like-for-like growth Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 2021 9.3 % 2.9 % 0.1 % 0.2 % 2021 10.3 % -0.9 % -7.1 % -3.8 % 2021 7.8 % 9.8 % 14.6 % 7.8 % 2022 7.3 % 5.6 % -0.4 % 1.8 % 2022 10.7 % 5.8 % -1.0 % 0.9 % 2022 2.0 % 5.2 % 0.8 % 3.5 % 2023 -0.3 % -3.3 % 12.9 % 9.3 % 2023 3.5 % -2.0 % 12.7 % 8.5 % 2023 -6.5 % -5.4 % 13.3 % 10.7 % 2024 13.5 % 9.2 % 3.0 % 10.1 % 2024 12.7 % 9.5 % 7.0 % 6.7 % 2024 14.9 % 8.7 % -3.5 % 15.7 % 2025 2.9 % 4.6 % -1.7 % 0.8 % 2025 1.8 % 5.7 % 0.5 % 4.0 % 2025 4.7 % 2.7 % -5.3 % -3.8 % 2026 6.1 % 8.3 % 14.6 % 2026 7.4 % 6.7 % 13.5 % 2026 4.0 % 11.4 % 16.6 %
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23 Kid ASA – Q3 presentation Sales days and stores Kid Interior Hemtex Number of sales days Number of sales days Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q4 Total 2025 76 71 79 80 306 2025 89 90 92 91 362 2026 76 72 79 80 307 2026 89 90 92 91 362 Number of store projects Number of store projects 2025 Q1 Q2 Q3 Q4 Total 2025 Q1 Q2 Q3 Q4 Total New stores 0 1 1 1 3 New stores 1 3 0 0 3 Closed stores 0 0 1 0 1 Closed stores 0 0 0 0 3 Relocated stores 1 4 0 1 6 Relocated stores 1 3 0 3 10 Refurbished stores 2 6 2 5 15 Refurbished stores 2 2 1 1 3 Total number of stores 158 159 159 160 Total number of stores* 120 123 123 123 2026 Q1 Q2 Q3 Q4 Total 2026 Q1 Q2 Q3 Q4 Total New stores 2 0 0 2 New stores 2 0 0 2 Closed stores 0 1 0 1 Closed stores 1 2 0 3 Relocated stores 1 0 1 2 Relocated stores 1 1 0 2 Refurbished stores 4 3 1 8 Refurbished stores 1 1 0 2 Total number of stores 162 161 161 Total number of stores* 124 122 122 Total number of LFL stores 157 156 156 Total number of LFL stores* 120 118 118 *excl franchise stores
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Disclaimer Kid ASA, Gilhusveien 1, 3426 Gullaug Customer service: +47 31 00 20 00 www.kid.no This presentation includes forward- looking statements which are based on our current expectations and projections about future events. All statements other than statements of historical facts included in this presentation, including statements regarding our future financial position, risks and uncertainties related to our business, strategy,capital expenditures, projected costs and our plans and objectives for future operations, including our plans for future costs savings and synergies may be deemed to be forward-looking statements. Words such as “believe,” “expect,” “anticipate,”,“may,” “assume,” “plan,” “intend,” “will,” “should,”“estimate,”“risk” and similar expressions or the negatives of these expressionsare intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward- looking statements are not guarantees of future performance. You should not place undue reliance on these forward- looking statements. In addition, any forward-looking statements are made only as of the date of this notice, and we do not intend and do not assume any obligation to update any statements set forth in this notice.