Interim report
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Kid ASA: Quarterly Report 1 Interim report Q3 2026 1Kid ASA - Quarterly report | 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 • Purpur til diskusjon med EE / BFK
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Quarter in brief (Figures from corresponding period the previous year in parentheses) GROUP REVENUES increased by 12.3% (+1.7%) to MNOK 1.012.7, supported by solid growth across both segments and strong seasonal assortments. GROSS MARGIN increased to62.3% (61.8%), supported by favourable currency effects. OPEX decreased by 0.6% (+12.0%), with higher activity levels, investments in systems and bonus, offset by currency effects and non -recurring items. EBITDA increased by 38.5% to MNOK 283.5 (MNOK 204.7), up MNOK 78.8 year -over-year. HALF-YEAR DIVIDEND payment of NOK 2.75 (NOK 2.50) per share as a prepayment for the fiscal year 2026, payable in November. Strong revenue growth Kid Group reported revenues of MNOK 1,012.7 in Q3 2026, corresponding to 12.3% year-over- year growth. In constant currency, total revenues increased by 15.2%. Growth was supported by strong development in both Kid Interior and Hemtex, with increased number of transacting customers in physical stores and higher campaign volumes following improved product availability compared with last year. The strong year-over-year development should also be viewed in light of Q3 2025, when revenues were significantly impacted by limited product availability due to temporary logistical constraints. The development reflects continued assortment renewal, product newness and store development. Online revenues declined compared with last year, when limited product availability in physical stores shifted customer demand towards the Online channel. Strong performance in seasonal categories Growth was broad-based across major categories, with particularly strong development in bedlinen, bathroom products, duvets and pillows. Autumn assortments also performed well, supported by earlier product availability, assortment renewal and strong customer demand. Category and assortment development remains an important driver of long-term growth across both brands, continuing the positive development reported during the first half of 2026. Improved warehouse operations and efficiency Warehouse operations remained stable throughout the quarter, with good product availability supporting sales development. Operational efficiency improved compared with last year, reflecting higher productivity. The Group will continue to focus on process optimisation and further efficiency gains. Norwegian warehouse exit There were no material developments related to the Norwegian warehouse exit during the quarter. Temporary sublease agreements currently cover approximately 65% of the warehouse capacity, while the Group remains focused on securing a long-term solution for the Lier facility. Gradual European online expansion The European online pilot continues to progress following the launch in Germany during the second quarter. Development remains gradual, providing valuable insights into customer behaviour, assortment and pricing. The Group continues to take a disciplined and phased approach, with limited investments and financial risk, focusing on learning and long- term growth. System modernisation progressing The Group continues to modernise its system landscape in line with plan, supporting future growth and operational efficiency. Implementation activity will be limited during the fourth quarter to support stable operations through the important peak season. Store project and portfolio development During the quarter, two store projects were completed. At quarter-end, contracts had been signed for seventeen additional store projects and five new store openings. LIKE - FOR - LIKE REVENUE GROWTH % EBITDA MNOK 2Kid ASA - Quarterly report | 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 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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Alternative Performance Measures ¹Calculated in constant currency Kid ASA - Quarterly report | 3 (Amounts in NOK million) Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Revenue 1,012.7 902.0 2,727.9 2,492.1 3,944.6 Like-for-like growth including online sales ¹ 14.6 % -1.7 % 9.9 % 1.8 % 1.4 % COGS -382.3 -344.8 -1,029.8 -956.7 -1,520.3 Gross profit 630.4 557.2 1,698.2 1,535.4 2,424.3 Gross margin (%) 62.3% 61.8% 62.3% 61.6% 61.5% Other operating income 4.5 1.0 10.1 3.1 5.2 Employee benefits expense -193.6 -183.2 -595.0 -573.5 -791.8 Other operating expense -274.3 -285.3 -834.1 -793.2 -1,142.5 Other operating expense - IFRS 16 effect 116.5 115.1 354.9 337.3 453.8 OPEX -351.4 -353.5 -1,074.3 -1,029.4 -1,480.4 EBITDA 283.5 204.7 634.0 509.2 949.1 EBITDA margin (%) 27.9% 22.7% 23.2% 20.4% 24.0% Depreciation -38.0 -33.0 -112.5 -100.1 -134.3 Impairment 0.0 0.0 0.0 -25.0 -25.0 Depreciation - IFRS 16 effect -100.9 -98.9 -309.3 -294.1 -396.0 EBIT 144.7 72.8 212.1 90.0 393.8 EBIT margin (%) 14.2% 8.1% 7.7% 3.6% 10.0% Net financial income (expense) -8.9 -6.6 -38.4 -37.3 -43.6 Net financial expense - IFRS 16 effect -15.8 -17.1 -51.0 -49.1 -65.9 Share of result from joint ventures 0.0 -0.3 -1.3 3.3 3.5 Profit before tax 120.0 48.8 121.5 6.9 287.9 Net income 95.4 39.8 93.1 7.0 229.2 Earnings per share 2.35 0.98 2.29 0.17 5.64 Liabilities to financial institutions -963.7 -1,047.9 -963.7 -1,047.9 -722.4 Lease liabilities - IFRS 16 effect -1,278.8 -1,386.1 -1,278.8 -1,386.1 -1,383.0 Cash 0.0 0.0 0.0 0.0 0.0 Net interest bearing debt -2,242.5 -2,434.0 -2,242.5 -2,434.0 -2,105.3
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Financial Review for the Kid Group Kid Group reported revenue growth of 12.3% in the third quarter (15.2% in constant currency), supported by broad- based growth across both segments and strong seasonal assortments. Gross margin increased to 62.3%, reflecting favourable currency effects. OPEX decreased by 0.6%, reflecting higher activity levels, system investments, bonus accruals, annual wage and rent adjustments and increased floor space, offset by favourable currency effects and non-recurring items in the comparison period. Group revenues Total Group revenues increased by 12.3% (+1.7%), supported by solid performance across both Kid Interior and Hemtex. Growth was supported by an increased number of transacting customers and strong seasonal assortments. Product availability remained satisfactory throughout the quarter. The temporary logistical constraints experienced in 2025 did not have a material impact on revenues in the quarter. In constant currency, revenues increased by 15.2% (+0.5%). Net new store openings contributed positively to overall performance. Like-for-like revenue increased by 14.6% (-1.7%), calculated on a constant currency basis. Group Online revenues decreased by 4.1% (+26.3%) on a constant currency basis to MNOK 120.4 (MNOK 129.5), representing 11.9% (14.4%) of total Group revenues. Including click-and-collect, the Online share was 16.4% (19.8%). Kid Interior reported Online growth of 0.5% (+23.5%), while Hemtex Online revenues declined by 10.6% (+30.2%). Online sales from Germany are included in Hemtex Online revenues and excluded from like-for-like figures. The decline in Online revenues should be viewed against the exceptionally strong comparison period, when limited product availability in physical stores shifted customer demand towards the Online channel. Category development Category development remains an important driver of long-term sales growth. During the quarter, the Group delivered solid, broad- based growth across major categories. From 2026, the definition of new categories was expanded to include all furniture categories. Comparative figures have been restated accordingly. Revenues from new categories introduced since 2022, including furniture, amounted to MNOK 62.0 (MNOK 48.4) in the quarter. Gross margin Gross margin increased by 0.5 percentage points to 62.3%, driven by an improvement in Hemtex, while Kid Interior remained unchanged. Margin development was positively impacted by 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. REVENUES MNOK GROSS MARGIN % 4Kid ASA - Quarterly report | 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 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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Financial Review for the Kid Group Employee benefit expenses increased by MNOK 10.4 to MNOK 193.6: • MNOK 8.7 in LFL stores, mainly due to general salary increases. • MNOK 0.6 increase from net new stores. • MNOK -4.4 in HQ costs, mainly due to a store manager gathering held last year and organisational changes within Hemtex, partly offset by general salary increases and a higher number of employees in Norway. • MNOK 2.8 in Logistics, reflecting an increased share of permanent in-house employees compared with last year. This represents a gradual shift in cost classification from other operating expenses to employee benefit expenses. • MNOK 8.2 relates to bonus, reflecting a higher accrued bonus than last year. • MNOK -5.5 due to changes in SEK/NOK exchange rate. Other operating expenses decreased by MNOK 12.4 to MNOK 157.8: • MNOK 3.5 in LFL stores, mainly relates to index adjustment of rental costs, partly offset by lower Online distribution costs in Norway. • MNOK 2.0 increase in net new stores. • MNOK 5.8 from increased marketing costs due to the campaign activity plan and digital marketing in Germany. • MNOK -0.5 in HQ mainly due to lower last-mile distribution costs, partly offset by higher IT costs. • MNOK -12.8 in Logistics, mainly reflecting the increased use of permanent in-house employees and the resulting shift in cost classification from other operating expenses to employee benefit expenses. • MNOK -5.1 relates to change in IFRS 16 effects, reflecting the increase in rental cost in Logistics, HQ and stores due to index regulations, re-negotiated contracts and net new stores. • MNOK -5.3 due to changes in SEK/NOK exchange rate. EBITDA increased by 38.5% to MNOK 283.5 (MNOK 204.7), an increase of MNOK 78.8. Depreciation increased compared to last year mainly due to investments in the warehouse in Sweden, IFRS 16 effect related to the rental portfolio and store projects. Net financial expenses of MNOK 24.7 (MNOK 23.7) relates to net interest expenses of MNOK 11.4 (MNOK 11.9), net other financial items of MNOK 0.6 (MNOK 1.6), net FX gain of MNOK 3.1 (MNOK 6.9) and IFRS 16 interest expenses of MNOK 15.8 (MNOK 17.1). Earnings per share (EPS) increased by NOK 1.37 to NOK 2.35 (NOK 0.98), mainly reflecting the improved operating result and non-recurring items in the comparison period. Liquidity and borrowings Excluding IFRS 16 effects, net interest- bearing debt was MNOK 963.7 (MNOK 1,047.9) at the end of the quarter, corresponding to a gearing ratio of 1.60x (1.96x) of LTM EBITDA. The Group had cash and available credit facilities of MNOK 436.3 (MNOK 182.3) as of 30 September 2026. Furthermore, MNOK 150 (MNOK 300) of the revolving credit facility was utilised. Cash flow from operations improved by MNOK 167.6 compared with the third quarter last year, mainly reflecting the improved result, changes in other provisions and a lower negative impact from inventory build-up. This quarter's investments are mainly related to new stores, store projects and IT initiatives. Furthermore, a dividend of MNOK 1.5 was received from Prognosgatan Holding AS during the quarter. Cash flow from financing include use of overdraft facility, repayment of revolving credit facility, lease payments and net interests. Capital expenditures (CAPEX) amounted to MNOK 16.0 (MNOK 43.2) during Q3, mainly related to store openings and store projects. Investments in the warehouse in Sweden and the ongoing system modernisation programme amounted to MNOK 1.3 (MNOK 4.4) and MNOK 4.9, respectively. OPEX MNOK CASH FLOW MNOK 5Kid ASA - Quarterly report | Operations Lease payments Investments Net interest Dividend Change in debt Change in cash 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 262 - 26 - 14 - 101 - 117 0 4
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Segment: Key figures 6Kid ASA - Quarterly report | 161 104* 11 7 283* Segment: Kid Interior Segment: HemtexKid Group NUMBER OF STORES PER QUARTER - END *Fully-owned stores. Hemtex has an additional 11 franchise storesThe 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 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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Segment: Kid Interior Revenues increased by 14.3% (+1.9%) compared with the third quarter last year. Growth was primarily driven by an increased number of transacting customers in physical stores. The number of shopping days in the quarter was 79 (79). Online revenues increased by +0.5% (+23.5%) to MNOK 74.2 (MNOK 73.9). Gross margin remained stable at 61.6% compared with the previous year. Margin development benefited from favourable currency effects, partly offset by higher discounted sales volumes following improved product availability compared with last year, and the margin impact from higher sales of Pink Ribbon pins. Employee benefit expenses increased by MNOK 14.0: • MNOK 6.8 in LFL stores, mainly due to general salary increases. • MNOK 0.5 due to net new stores. • MNOK 6.8 relates to bonus, reflecting a higher accrued bonus compared with the third quarter last year. • MNOK -1.2 in HQ costs, mainly due to a store manager gathering held last year and higher allocation of segment costs to Hemtex, partly offset by a higher number of employees and general salary increases. • MNOK 1.2 in Logistics, reflecting the transition from the former Norwegian warehouse to the common warehouse in Sweden and an increased share of permanent in-house employees. This represents a gradual shift in cost classification from other operating expenses to employee benefit expenses. • MNOK -0.1 due to changes in the SEK/NOK exchange rate. Other operating expenses decreased by MNOK 14.1: • LFL store costs were broadly unchanged, as index adjustments of rental costs and store expansions were offset by lower Online distribution costs compared with last year. • MNOK 1.1 in net new stores. • MNOK 2.1 from increased marketing costs in line with the campaign activity plan. • MNOK -4.4 in HQ, mainly relates to higher allocated central costs to Hemtex than last year. • MNOK -8.6 in Logistics, mainly reflecting the increased share of permanent in- house employees and the resulting shift in cost classification from other operating expenses to employee benefit expenses. • MNOK -3.8 relates to change in IFRS 16 effects, reflecting the increase in rental cost included in Logistics, HQ and stores due to index regulations, re-negotiated contracts and net new stores. • MNOK -0.5 due to changes in the SEK/NOK exchange rate. Store projects continue to support profitable growth through refurbishments, enlargements and relocations. During the quarter, Kid Interior completed two store projects. At quarter-end, contracts had been signed for three new stores and six additional store projects in Norway. 7 LIKE - FOR - LIKE REVENUE GROWTH % EBITDA MNOK Kid ASA - Quarterly report | 1.8 % 7.4 % 5.7 % 6.7 % 0.5 % 13.5 % 4.0 % 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 81.8 91.0 132.8 151.9 145.5 199.8 266.0 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4
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Segment: Hemtex Revenues increased 17.0% (-1.8%) compared with the third quarter last year, calculated on a constant currency basis. Growth was driven by an increased number of transacting customers in physical stores. The number of shopping days in the quarter was unchanged at 92 (92). Online revenues decreased by 10.6% (+30.2%) to MNOK 46.2 (MNOK 55.7), calculated on a constant currency basis. Online sales from Germany are included in Hemtex Online revenues and excluded from like-for-like figures. Measured on a constant currency basis, Hemtex 24h revenues decreased to MNOK 3.6 (MNOK 4.8). Gross margin increased by 1.4 percentage points to 63.4% compared with the previous year. Margin development benefited from favourable sourcing currency effects. In addition, Hemtex benefited from a temporary positive SEK/NOK effect in COGS, reflecting favourable hedge rates. This effect is expected to gradually normalise. Employee benefit expenses decreased by MNOK 3.6: • MNOK 1.9 in LFL stores, mainly due to general salary increase. • MNOK 0.1 due to net new stores. • MNOK 1.3 relates to bonus, reflecting a higher accrued bonus compared with the third quarter last year. • MNOK -3.1 in HQ, primarily driven by lower allocated segment costs from Kid Interior to Hemtex and organisational changes within Hemtex. • MNOK 1.6 in Logistics, relates to increased number of own employees compared with the previous year. • MNOK -5.4 due to changes in SEK/NOK exchange rate. Other operating expenses increased by MNOK 1.7: • MNOK 3.5 in LFL stores, mainly relates to index adjustment of rental costs and store expansions. • MNOK 0.9 in net new stores. • MNOK 3.7 from increased marketing activity in line with the campaign plan and digital marketing in Germany. • MNOK 3.9 in HQ, mainly due to allocated segment costs from Kid Interior to Hemtex and IT costs. • MNOK -4.1 in Logistics, mainly reflecting the increased share of permanent in- house employees and the resulting shift in cost classification from other operating expenses to employee benefit expenses. • MNOK -1.3 relates to change in IFRS 16 effects, reflecting the increase in rental cost in Logistics, HQ and stores due to index regulations, re-negotiated contracts and net new stores. • MNOK -4.9 due to changes in SEK/NOK exchange rate. Store projects continue to support profitable growth through refurbishments, enlargements and relocations. No store projects were completed in Hemtex during Q3. At quarter-end, contracts had been signed for two new stores in Sweden and eleven additional store projects. 8 EBITDA MNOK Kid ASA - Quarterly report | LIKE - FOR - LIKE REVENUE GROWTH % 4.7 % 4.0 % 2.7 % 11.4 % -5.3 % 16.6 % -3.8 % 0.0 %2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4 33.6 41.7 56.3 65.9 59.2 83.7 174.0 2025 2026 2025 2026 2025 2026 2025 2026 Q1 Q2 Q3 Q4
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Events after the end of reporting period There have been no significant events after the end of the reporting period. Espen Gundersen Chair Gyrid Skalleberg Ingerø Board member Jon Brannsten Board member Karin Bing Orgland Board member Liv Berstad Board member Marianne Fulford Chief Executive Officer Lier, 4 November 2026 The Board of Kid ASA Kid ASA - Quarterly report | 9
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INTERIM CONSOLIDATED STATEMENT OF PROFIT AND LOSS The accompanying notes are an integral part of the interim condensed consolidated financial statements. 10Kid ASA - Quarterly report | Group Figures Q3 2026 Financial Statements (Amounts in NOK thousand) Note Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Unaudited Unaudited Unaudited Unaudited Audited Revenue 1,012,681 902,018 2,727,932 2,492,081 3,944,569 Other operating revenue 4,542 972 10,090 3,132 5,227 Total revenue 1,017,223 902,989 2,738,022 2,495,212 3,949,796 Purchased goods and change in inventory -382,257 -344,777 -1,029,781 -956,699 -1,520,285 Employee benefits expense -193,602 -183,223 -595,021 -573,450 -791,786 Depreciation, amortisation and impairment expenses 9 -138,844 -131,929 -421,851 -419,163 -555,254 Other operating expenses -157,834 -170,265 -479,257 -455,910 -688,631 Total operating expenses -872,537 -830,195 -2,525,911 -2,405,222 -3,555,957 Operating profit 144,686 72,794 212,111 89,991 393,840 Financial income 328 4,586 1,875 8,315 10,347 Financial expense -25,033 -28,300 -91,195 -94,660 -119,872 Net financial income (+) / expense (-) -24,704 -23,714 -89,320 -86,345 -109,525 Share of result from joint ventures -26 -267 -1,301 3,269 3,544 Profit before tax 119,956 48,814 121,491 6,915 287,859 Income tax expense -24,559 -8,966 -28,354 89 -58,611 Net profit (loss) for the period 95,397 39,848 93,137 7,004 229,248 Interim condensed consolidated statement of comprehensive income Profit for the period 95,397 39,848 93,137 7,004 229,248 Other comprehensive income -62,264 -6,006 -70,980 -104,905 -90,600 Tax on comprehensive income 7,717 1,222 4,271 26,510 27,103 Total comprehensive income for the period 40,850 35,064 26,429 -71,391 165,751 Attributable to equity holders of the parent 40,850 35,064 26,429 -71,391 165,751 Basic and diluted Earnings per share (EPS): 2.35 0.98 2.29 0.17 5.64
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INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION The accompanying notes are an integral part of the interim condensed consolidated financial statements. The accompanying notes are an integral part of the interim condensed consolidated financial statements. 11Kid ASA - Quarterly report | (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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INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS The accompanying notes are an integral part of the interim condensed consolidated financial statements. The accompanying notes are an integral part of the interim condensed consolidated financial statements. 12Kid ASA - Quarterly report | ¹ Change in other provisions includes other receivables, public duties payable, short-term liabilities and accrued interest. (Amounts in NOK thousand) Total paid-in equity Other equity Total equity Balance at 1 Jan 2025 434,437 1,103,886 1,538,323 Profit for the period YTD 2025 0 7,003 7,003 Other comprehensive income 0 -78,395 -78,395 Realized cash flow hedges 0 32,192 32,192 Dividend 0 -203,226 -203,226 Balance at 30 Sep 2025 434,440 861,460 1,295,900 Balance at 1 Jan 2026 434,440 1,017,396 1,451,833 Profit for the period YTD 2026 0 93,137 93,137 Other comprehensive income 0 -66,708 -66,708 Realized cash flow hedges 0 41,383 41,383 Dividend 0 -101,613 -101,613 Balance at 30 Sep 2026 434,440 983,593 1,418,034 (Amounts in NOK thous and) Note Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Unaudited Unaudited Unaudited Unaudited Audited Cash Flow from operation Profit before income taxes 119,956 48,814 121,491 6,914 287,859 Taxes paid in the period -4,193 -9,336 -80,720 -102,590 -121,860 Depreciation & Impairment 9 138,844 131,929 421,851 419,163 555,254 Effect of exchange fluctuations 8,334 -7,901 5,764 -4,415 -14,961 Change in net working capital Change in inventory -101,490 -159,148 -103,968 -209,046 -140,137 Change in trade debtors -400 9,735 -4,022 4,376 5,483 Change in trade creditors 2,036 22,082 -42,450 -81,657 -43,291 Change in other provis ions ¹ 98,721 58,073 44,173 -89,008 30,214 Net cash flow from operations 261,807 94,247 362,119 -56,263 558,561 Cash flow from investment Purchas e of fixed as s ets 9 -15,850 -44,082 -107,477 -180,902 -254,043 Loans to as s ociated companies and joint ventures 10 1,500 0 1,500 33,500 33,000 Net Cash flow from investments -14,350 -44,082 -105,977 -147,402 -221,043 Cash flow from financing Proceeds from long term loans 0 0 0 0 148,000 Proceeds from s hort term loans 0 0 300,000 300,000 300,000 Repayment of revolving credit facility -150,000 0 -150,000 0 -300,000 Repayment of Term Loans 0 0 -10,000 -10,000 -30,000 Overdraft facility 32,527 83,200 101,351 265,955 112,388 Leas e payments for principal portion of leas e liability -100,622 -97,979 -303,903 -288,211 -387,889 Dividend payment 0 0 -101,613 -203,226 -304,839 Net interes t -25,704 -33,540 -83,986 -87,796 -111,779 Net cash flow from financing -243,798 -48,319 -248,151 -23,277 -574,118 Cas h and cas h equivalents at the beginning of the period 0 0 0 228,534 228,534 Net change in cas h and cas h equivalents 3,659 1,846 7,992 -226,942 -236,610 Exchange gains / (los s es ) on cas h and cas h equivalents -3,659 -1,846 -7,992 -1,591 8,067 Cash and cash equivalents at the end of the period 0 0 0 0 0
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Kid ASA and its subsidiaries` (together the “Company” or the “Group”) operating activities are related to resale of home and interior products in Norway, Sweden, Finland and Estonia. The Kid Group offers a full range of products comprising textiles, curtains, bed linens, furniture, accessories and other interior products. We design, source, market and sell these products through our stores as well as through our online sales platforms. All amounts in the interim financial statements are presented in NOK 1,000 unless otherwise stated. Due to rounding, there may be differences in the summation columns. NOTE 2 BASIS OF PREPARATIONS The Preparation of interim financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. In preparing these interim financial statements the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those applied to the consolidated financial statements for the year ended 31 December 2025. These interim financial statements for the third quarter of 2026 have been prepared in accordancewith IAS 34, ‘Interim financial reporting’.The interim financial statements should be read in conjunction with the consolidated financial statements for the year ended 31 December 2025, which have been prepared in accordancewith IFRS® Accounting Standards as adopted by the EU (‘IFRS’). NOTE 3 ACCOUNTING POLICIES Kid Group reports segments in accordance with how the chief operating decision maker makes, follows up and evaluates its decisions. Within the Group, Kid Interior relates to Norway and Hemtex relates to Sweden with a few stores in Estonia and Finland. The Group also sells home and interior products through the Group’s online websites. Over 98% of the products are sold under own brands. The accounting policies applied in the preparation of the consolidated interim financial statements are consistent with those applied in the preparation of the annual IFRS financial statements for the year ended 31 December 2025. New standards or amendments effective at 1 January 2026 do not have a material impact on the Group. NOTE 1 CORPORATE INFORMATION NOTE 4 ESTIMATES, JUDGEMENTS AND ASSUMPTIONS NOTE 5 SEGMENT INFORMATION 13Kid ASA - Quarterly report | Q3 2026 (Amounts in NOK thousand) Kid Interior Hemtex Total Revenue 655,704 356,977 1,012,681 COGS -251,626 -130,631 -382,257 Gross profit 404,078 226,346 630,424 Other operating revenue 3,699 843 4,542 Operating expense (OPEX) -207,941 -143,495 -351,436 EBITDA 199,836 83,694 283,531 Operating profit 120,845 23,841 144,686 Gross margin (%) 61.6 % 63.4 % 62.3 % OPEX to sales margin (%) 31.7 % 40.2 % 34.7 % EBITDA margin (%) 30.3 % 23.4 % 27.9 % Inventory 636,721 356,247 992,968 Total assets 3,186,605 1,303,218 4,489,822
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Financing agreements At the balance sheet date, the Group has the following facilities: The Group's related parties include its associates, joint ventures, key management and members of the Board. None of the Board members have been granted loans or guarantees in the current quarter. Furthermore, none of the Board members are included in the Group’s pension or bonus plans. NOTE 6 LOANS AND BORROWINGS NOTE 8 TRANSACTIONS WITH RELATED PARTY AND JOINT VENTURES NOTE 7 EARNINGS PER SHARE 14Kid ASA - Quarterly report | ¹MNOK 30 in annual instalments with bi-annual payments ²Fixed interest rate is secured through an interest rate swap of MNOK 395 maturing August 2029 and subject to hedge accounting ³The agreement with Nordea includes two optional one-year extension periods. If both options are exercised, the latest possible maturity date will be 30 March 2030. (Amounts in NOK thousand) Utilised 30.09.2026 Facility Maturity Repayment Total term loan 600,000 600,000 30.03.2028³ Instalments¹ Of which secured with fixed interest rate: Denominated in NOK ² 395,000 395,000 Revolving credit facility 150,000 300,000 30.03.2028³ At maturity Revolving credit facility II - 100,000 30.03.2028³ At maturity Overdraft facility 213,739 300,000 12 months At maturity Seasonal overdraft facility - 100,000 3 months At maturity 963,739 1,400,000 Q3 2026 Q3 2025 Q1-Q3 2026 Q1-Q3 2025 FY 2025 Weighted number of ordinary shares 40,645,162 40,645,162 40,645,162 40,645,162 40,645,162 Net profit or loss for the year 95,397 39,848 93,137 7,004 229,248 Earnings per share (basic and diluted) (Expressed in NOK per share) 2.35 0.98 2.29 0.17 5.64
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NOTE 9 FIXED ASSETS AND INTANGIBLE ASSETS NOTE 10 INVESTMENTS IN SUBSIDIARIES AND JOINT VENTURES 15Kid ASA - Quarterly report | During the quarter, additions to Right of Use (RoU) Assets were primarily driven by new and renegotiated rental agreements for stores as well as index adjustments. Additions to Property, Plant, and Equipment (PPE) were mainly associated with new store openings, refurbishments, and the establishment of the new common warehouse. Due to the commencement of the new common warehouse and the termination of the warehouse in Norway, a subleasing process for the warehouse in Lier was initiated early 2024 and remains ongoing. During Q1 2025, Kid Group reached a preliminary agreement with a prospective tenant and the landlord regarding the terms for transferring the lease. However, in Q2 2025 this agreement fell through due to external factors. Management work actively on identifying a solution. As a result, the warehouse will be empty for a period and an impairment assessment was performed on the right-of-use (“RoU”) asset, resulting in an impairment expense of MNOK 25.0 in Q2 2025. The Group had the following joint ventures as of 30 September 2026: The joint venture is reflected in the statement of profit and loss and the statement of financial position. The share of result from the joint venture for Q3-26 was MNOK -0.03 (MNOK -0.3). During the quarter, a dividend of MNOK 1.5 was received, reducing the carrying amount of the investment. Per the reporting date, the carrying amount of the investment is MNOK 1.6 (MNOK 4.1). Name Place of business Nature of business Kid Interiør AS Norway Interior goods retailer 100 Kid Logistikk AS Norway Logistics 100 Kid Eiendom AS Norway Logistics 100 Hemtex AB Sweden Interior goods retailer 100 Hemtex OY Finland Interior goods retailer 100 Kid Sourcing AS Norway Wholesaler 100 Kid International Logistic AB Sweden Logistics 100 Proportion of shares directly held by parent (%) All subsidiary undertakings are included in the consolidation. The Group had the following subsidiaries as of 30 September 2026: Name Place of business Nature of relationship Measurement method Ownership share Carrying amount Prognosgatan Holding AS Norway Joint venture Equity method 50 % 1,575 (amounts in NOK thousand) Right of use Asset PPE Trademark Other Intangibles Goodwill Balance 01.01.2026 1,311,381 487,194 1,518,211 81,836 75,807 Exchange differences -83,499 -24,662 -7,087 23 -9,091 Additions, disposals and adjustments 291,267 87,473 21,082 Depreciation and amortisation -309,328 -95,581 -16,943 Balance 30.09.2026 1,209,820 454,424 1,511,124 85,998 66,716 (amounts in NOK thousand) Right of use Asset PPE Trademark Other Intangibles Goodwill Balance 01.01.2025 1,198,483 383,495 1,514,724 54,934 71,298 Exchange differences 7,760 4,613 1,677 11 2,168 Additions, disposals and adjustments 426,658 149,318 31,803 Depreciation and amortisation -294,091 -82,723 -17,349 Impairment -25,000 Balance 30.09.2025 1,313,811 454,702 1,516,401 69,399 73,466
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Definitions Constant currency is the exchange rate that the Group uses to eliminate the effect of exchange rates fluctuations when calculating financial performance numbers. EBIT (earnings before interest and tax) is operating profit. The performance measure is considered useful to the users of the financial statements when evaluating operational profitability. EBIT margin is EBIT divided by total revenues. The performance measure is an important key figure for Kid Group and considered useful to the users of the financial statements when evaluating operational efficiency. EBITDA is earnings before tax, interests, amortisation of other intangibles and depreciation and write-down of property, plant and equipment and right-of-use assets. The performance measure is an important key figure for Kid Group and considered useful to the users of the financial statements when evaluating operational profitability on a more variable cost basis as it excludes amortisation and depreciation expense related to capital expenditure. EBITDA margin is EBITDA divided by total revenues. The performance measure is an important key figure for Kid Group and considered useful to the users of the financial statements when evaluating operational efficiency on a more variable cost basis as it excludes amortisation and depreciation expenses. Gearing ratio is defined as net interest- bearing debt divided by LTM EBITDA excluding IFRS 16 effects. Gross margin is defined as gross profit divided by revenues. The gross margin reflects the percentage margin of the sales revenues that the Group retain after incurring the direct costs associated with the purchase and distribution of the goods and is an important internal KPI. Gross profit is defined as revenues minus the cost of goods sold (COGS). The gross profit represents sales revenues that the Group retain after incurring the direct costs associated with the purchase and distribution of the goods. Like-for-like revenues are revenues from physical stores and online stores that were in operation from the start of last fiscal year all through the end of the current reporting period. Like-for-like (LFL) is calculated in constant currency. Net capital expenditure represent the cash flow from the investment spending in property, plant and equipment and other intangibles, less sale such asset. Net income is profit (loss) for the period. OPEX-to-sales ratio is the sum of employee benefits expense and other operating expenses divided by revenues. The OPEX to sales ratio measures operating cost efficiency as percentage of sales revenues and is an important internal KPI. Revenue growth represents the growth in revenues for the current reporting period compared to the same period the previous year. Revenue growth for Hemtex is calculated in constant currency. Revenue growth is an important key figure for the Group and users of financial statements as it illustrates the underlying organic revenue growth. Kid ASA - Quarterly report | 16
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Alternative Performance Measures EBIT (earnings before interest and tax) is operating profit. The performance measure is considered useful to the users of the financial statements when evaluating operational profitability. EBITDA is earnings before tax, interests, amortisation of other intangibles and depreciation and write-down of property, plant and equipment and right-of-use assets. The performance measure is an important key figure for Kid Group and considered useful to the users of the financial statements when evaluating operational profitability on a more variable cost basis as it excludes amortisation and depreciation expense related to capital expenditure. EBITDA margin is EBITDA divided by total revenues. The performance measure is an important key figure for Kid Group and considered useful to the users of the financial statements when evaluating operational efficiency on a more variable cost basis as it excludes amortisation and depreciation expense related to capital expenditure. Gross profit is defined as revenues minus the cost of goods sold (COGS). The gross profit represents sales revenues that the Group retain after incurring the direct costs associated with the purchase and distribution of the goods. Gross margin is defined as gross profit divided by revenues. The gross margin reflects the percentage margin of the sales revenues that the Group retain after incurring the direct costs associated with the purchase and distribution of the goods and is an important internal KPI. OPEX-to-sales ratio is the sum of employee benefits expense and other operating expenses divided by revenues. The OPEX to sales ratio measures operating cost efficiency as percentage of sales revenues and is an important internal KPI. Kid ASA - Quarterly report | 17
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Disclaimer Kid ASA, Gilhusveien 1, 3426 Gullaug Customer service: +47 31 00 20 00 www.kid.no This report 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 report, 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. Kid ASA - Quarterly report | 18