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2026 PriceSmart, Inc. Overview Presentation Issued: October 2026 1 NASDAQ : PSMT
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6 2 Forward Looking Statements Non-GAAP Financial Measures This presentation may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, digital and technological initiatives, proposed warehouse club and distribution center openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words "expect," "believe," "will," "may," "should," "project," "estimate," "anticipated," "scheduled," "intend," and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law. The Company could also be affected by additional factors that apply to all companies operating globally and, in the U.S., as well as other risks that are not presently known to the Company or that the Company considers to be immaterial. In addition to relevant GAAP measures, we also provide non-GAAP measures including adjusted EBITDA, adjusted net income per diluted share, net merchandise sales - constant currency and comparable net merchandise sales – constant currency because management believes these metrics are useful to investors and analysts by excluding items that we do not believe are indicative of our core operating performance. These measures are customary for our industry and commonly used by competitors. These non-GAAP financial measures should not be reviewed in isolation or considered as an alternative to any other performance measure derived in accordance with GAAP. In addition, adjusted EBITDA, adjusted net income per diluted share, net merchandise sales – constant currency and comparable net merchandise sales – constant currency may not be comparable to similarly titled measures used by other companies in our industry or across different industries. A reconciliation of these non-GAAP financial measures to the most comparable GAAP financial measures is included in the Appendix to this presentation.
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3 ® Business Overview
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FedMart FOUNDED 1954 Founded in San Diego, California in 1954 Founders: Sol Price and local investors Founding Principles: Duty to our Customers • Customers come first • Sell only quality merchandise • Keep prices consistently low • Price all merchandise fairly • Offer private label for additional value • Treat all customers the same with courtesy and attentiveness • Label and package merchandise honestly By 1971 FedMart had 43 stores with annual sales in excess of $350 million. PRICE CLUB® FOUNDED 1976 Founded the wholesale club industry in 1976 in San Diego Founders: Sol Price and Robert Price Founding Principles: The Six Rights • The Right Merchandise: Basic, Seasonal and Exciting new items. • The Right Time: Merchandise must be “fresh” and in tune with current seasons and trends. • The Right Place: Position merchandise to maximize the sales of each item. • The Right Condition: Sell only 1st quality merchandise. • The Right Quantity: Purchase merchandise in quantities that allow for efficient handling and lower acquisition cost. • The Right Price: Price merchandise as low as possible. Constantly Every Day Low Prices. Price Club had 96 locations with $7.6 billion in sales when it merged operations with Costco Wholesale in 1993. Our Origins 4 FOUNDED 1993 Price Club and Costco Merger in 1993 • Merger created the second largest membership warehouse chain. • 195 Warehouses upon merger with revenue of approximately $16 Billion. FOUNDED 1996 Founded in San Diego in 1996 Founders: Sol Price and Robert Price Founding Principles: • Operating under the guiding principles established by FedMart and Price Club. • Provides a U.S. Style Membership shopping experience for Members providing U.S, international, regional and locally sourced merchandise primarily in emerging markets. PriceSmart currently operates 59 warehouse clubs across 12 countries and one U.S. territory. As of August 31, 2026 we served almost 2.2 million Members and generated $5.9 billion in total revenue for fiscal year 2026.
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Our History Note: The years above are referring to the fiscal year calendar for PriceSmart. 5 1996 1997 1999 2011 2013 2017 2019 2020 2021 2022 2023 2024 2025 2026 2027 First location in Panama PriceSmart listed on NASDAQ: PSMT Expansion into Caribbean market PriceSmart enters Colombia Market 1 Million PriceSmart Membership Accounts & Launch of Platinum Membership PriceSmart opens new Miami Global Distribution Center Launch of PriceSmart Optical and initiation of wellbeing services •Launch of PriceSmart.com online catalogue, in club pickup, and delivery in all markets •Opening of our Costa Rica Produce Distribution Center •Launch of the mobile app •Addition of PriceSmart Pharmacy to wellbeing services •Healthcare for all employees •Opening of 50 th club in Portmore, Jamaica •Release of FY2022 ESR Report •Creation of Chief Transformation Officer role •Opening of Panama In- country Distribution Center •Opening of 55 th club in Cartago, Costa Rica •Appointment of Gualberto Hernandez as Chief Financial Officer, effective June 1, 2025 •Opening of 56 th club in Quetzaltenango, Guatemala •Announced new market and multiple warehouse club opportunity in Chile •Appointment of David Price as Chief Executive Officer, effective September 1, 2025 •Opening of 57 th club in La Romana, Dominican Republic •Opening of the 58 th club in Ciudad Quesada, Costa Rica •Announced the expected opening of the 60 th club located on South Camp Road (Kingston), Jamaica in December 2026 •Announced the expected opening of the 61 st club in Villa Nueva, Guatemala in the late winter of 2027 •Announced the expected opening of the 62 nd club in Comuna Las Condes, Santiago , Chile in the spring of 2027 •Announced the expected opening of the 63 rd club in Santo Tomas de Santo Domingo (Heredia), Costa Rica in the spring of 2027 •Opening of 59 th club in Montego Bay, Jamaica
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Values Community • We care for the people and places we serve. We build trust with our Members, empower our team, and contribute to the well-being of our communities. Our Culture Excellence • We set high standards and continuously improve. From our clubs to our supply chain, we strive to deliver quality, value, and performance in everything we do. Integrity • We do what’s right – always. We act with honesty, transparency, and fairness in every decision and relationship. 6
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7 Mission & Purpose To provide all Members an outstanding shopping experience with high quality, exciting merchandise and services at the lowest possible prices. Our Mission To improve the lives and businesses of our Members, our employees and our communities through the responsible delivery of the best quality goods and services at the lowest possible prices. We aim to serve as a model company, which operates profitably and provides a good return to our investors, by providing Members in emerging and developing markets with exciting, high-quality merchandise sourced from around the world and valuable services at compelling prices in safe U.S.-style clubs and through PriceSmart.com. We prioritize the well-being and safety of our Members and employees. We provide good jobs, fair wages and benefits and opportunities for advancement. We strive to treat our suppliers right and conduct ourselves in a socially responsible manner while respecting the environment and laws of all countries in which we operate. Our Purpose
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Warehouse Club Membership Model 8 Low Prices: Offering the lowest possible selling price is the foundation of our warehouse club. Limited SKUs (Stock Keeping Unit): Helping keep the guesswork out of item selection by only stocking the highest quality products. Private Label, National, and International Brands: We offer our Members low prices on a limited selection of national, international, and private label brands. Private label allows Clubs to offer Members higher quality products at a lower price per unit. Quality: Clubs choose to have high-quality products in inventory at the lowest possible price. This creates the value proposition that encourages a Member to pay their Membership fee each year. Treasure Hunt: Clubs occasionally feature unique items categorized as “special purchases” due to their limited availability in inventory. These items are secured through exclusive savings, which are passed on to Members. Omnichannel: Members can shop on PriceSmart.com or the mobile app from their phone or computer and enjoy home delivery or Club pickup without leaving their car.
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The Right Place The Right Time The Right Quantity The Right Condition The Right Price The Right Merchandise The Right Merchandise and Quantity Curated and Limited SKU Selection Large Pack Sizes Treasure Hunt Experiences and Roadshow Events The Right Place and Condition Rigorous Product Standards Efficient Distribution to Keep Shelves Stocked and Streamline Handling Omnichannel Capabilities to Meet Evolving Member Preferences The Right Time and Price Seasonal Offerings Leverage Volume Buying Low Margins to Pass Savings onto Members The Six Rights Value Proposition 9
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Our Club Locations PriceSmart operates 59 warehouse clubs in 12 countries and one U.S. territory across emerging and developing markets. Our first warehouse club in Chile is anticipated to open in the spring of 2027 at the Mallplaza Los Dominicos shopping center, and we have entered into executory agreements to acquire land for two additional potential warehouse club locations. In addition to the announced club opening in Chile, we expect to open three new clubs in existing markets. • 59 clubs open • 4 clubs announced 63 Central America • Guatemala • Honduras • El Salvador • Nicaragua • Costa Rica • Panama Caribbean • Jamaica • Dominican Republic • U.S. Virgin Islands • Barbados • Aruba • Trinidad and Tobago South America • Colombia • Chile 10 Warehouse Club Count
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Club Locations by Country Guatemala • Miraflores • Pradera • Fraijanes • San Cristobal • Guatemala City • Escuintla • Quetzaltenango • Villa Nueva (Expected to open in late winter of 2027) El Salvador • Santa Elena • Los Heroes • San Miguel • Santa Ana Nicaragua • Managua • Masaya Costa Rica • Zapote • Escazú • Heredia • Llorente • Alajuela • Tres Rios • Santa Ana • Liberia • Cartago • Ciudad Quesada • Santo Tomas de Santo Domingo (Heredia) (Expected to open in the spring of 2027) Colombia • Barranquilla • Cañasgordas • Menga • Pereira • Bogota • Medellín • Chia • Usaquen (Bogotá) • Bucaramanga • El Poblado (Medellín) Dominican Republic • Los Prados • Santiago • Arroyo Hondo • San Isidro • Bolívar • La Romana U.S. Virgin Islands • St. Thomas Barbados • St. Michael Trinidad & Tobago • Chaguanas • Port of Spain • Mausica • San Fernando Aruba • Oranjestad 11 Jamaica • Kingston • Portmore • Montego Bay • South Camp Road, Kingston (Expected to open in December 2026) Panama • Via Brasil • El Dorado • David • Brisas • Costa Verde • Veraguas • Metro Park Honduras • Tegucigalpa • San Pedro Sula • El Sauce Chile • Comuna Las Condes, Santiago (Expected to open in the spring of 2027)
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Distribution Network 12 Florida Global Distribution Center Costa Rica Regional Distribution Center Produce Distribution Center Panama In-Country Distribution Center Guatemala In-Country Distribution Center Honduras 3PL Distribution Center* El Salvador 3PL Distribution Center* Nicaragua 3PL Distribution Center* Jamaica** 3PL Distribution Center* In-Country Distribution Center — Expected to open in fiscal year 2027 Dominican Republic** Produce Distribution Center 3PL Distribution Center* In-Country Distribution Center — Expected to open in fiscal year 2027 Trinidad & Tobago In-Country Distribution Center Colombia In-Country Distribution Produce Distribution Center 3PL Distribution Center* China 3PL Distribution Centers* * Distribution centers run by a third party ** Currently constructing a PriceSmart operated In country Distribution Center *** The Cold Distribution Center is currently being relocated to consolidate operations with the existing Dry Distribution Center Cold Distribution Center — Relocation expected to be completed in fiscal year 2027*** Chile 3PL Distribution Center* - Expected to open in fiscal year 2027
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Growth Plan • Invest in Adding New PriceSmart Locations, Expanding into New Markets, Remodeling Current PriceSmart Clubs and Opening More Distribution Centers • Drive Incremental Sales via PriceSmart.com and Enhanced Digital and Technological Capabilities • Increase Membership Value 13
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October 2023 Panama In-country Distribution Center November 2023 Escuintla 6th Club in Guatemala February 2024 Santa Ana 4th Club in El Salvador April 2025 Cartago 9th Club in Costa Rica August 2025 Quetzaltenango 7th Club in Guatemala February 2026 Trinidad In-country Distribution Center March 2026 Colombia In-country Distribution Center May 2026 La Romana 6th Club in Dominican Republic August 2026 Ciudad Quesada 10th Club in Costa Rica October 2026 Montego Bay 3rd Club in Jamaica Recent Openings 14
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Real EstateGrowth (Expected Openings) 15
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Member Wellness Offerings: Pharmacy and Optical. During the fourth quarter of fiscal year 2026, the Company ceased offering audiology services. Enhanced Membership Value Our popular Member’s Selection Product Line- up keeps expanding! 26.9% Private Label Penetration of Total Net Merchandise Sales* *For the twelve-month period ended 08/31/2026 16
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*Omni-channel Members are defined as Members who shop through our e-commerce platforms as well as in-club. Omni-Channel Platform Clubs Social Media Mobile Web 17 Proudly rated 4.8 stars on the UberEats App as of August 31, 2026. • Onboard/Renew Membership online. • Omni-channel Members* spend more than in-club only Members. • Order online, pick up at the Club via Click & Go ®! • Growing multi-channel personalized communication and Member interaction. • PriceSmart App (easy access to product offers, digital membership card, order tracking). • Home delivery! • Ongoing enhancement of the PriceSmart.com website with new features and improved ease of use.
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• Optical services in 56 of our clubs • Four free eye exams included with membership • Perform free eye exams for children in partnership with Price Philanthropies’ Aprender y Crecer Vision Program • Expect to open four additional optical locations during fiscal year 2027 Pharmacy Optical • Pharmacy services in 26 of our clubs • Medications for our Members at the lowest possible price • Patient plans and personalized attention for pharmaceutical and health advice • Expect to open seven additional pharmacy locations during fiscal year 2027 Wellness Offerings 18
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Our services include: • Expert guidance to help our business Members make informed and strategic purchasing decisions. • Personalized quotes for products and quantities based on each business’ individual requirements, ensuring price transparency and competitiveness. • Delivery services designed to ensure timeliness and integrity of products, optimizing our Members' supply chains. Business Services At our B2B (Business Service) department, our main goal is to understand the specific needs of our business Members so that we can provide comprehensive product and service solutions that drive their success in the market. We are dedicated to establishing solid, trustworthy relationships based on transparency and collaboration. We take pride in being recognized for our service to Members, which reflects our commitment to their satisfaction and growth. • Convenient purchasing across different channels, catering to the preferences of our business Members and facilitating the purchasing process. • Educational sessions to help our Members better understand our products and maximize their benefits. 19
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Driving principle and philosophy focusing on our employees: • Employee Healthcare • PriceSmart Foundation and other Philanthropic Partnerships • Diversified Employee Base • Developing the Next Generation of Female Business Leaders • Community Contributions and more… Check out our FY2025 Sustainability Report and the PriceSmart Foundation website for more details! Sustainable facilities focused on reducing and minimizing PriceSmart’s environmental impact: • Solar Panels • Lighting Systems • Hot Water Reclamation Systems • Waste Management • Sustainable Fisheries • Food Bank Partnerships • Recycling Centers Sustainability Environmental and Social 20 Our Environmental Initiatives Our Social Impacts
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Continued focus on Philanthropy We partner with the PriceSmart foundation to seek to support and strengthen our communities by investing in youth development, economic opportunity, and community and environmental resilience. 21 Sustainability Social
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22 Financials
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$1.48 Billion Net MerchandiseSales ↑ 13.8% $57.0 Million Operating Income ↑ 8.1% 7.8% Net Merchandise Sales – Constant Currency Growth* $1.21 Earnings per Diluted Share ↑ 18.6% For the three months ended 08/31/2026 * Refer to the Appendix for a reconciliation of non-GAAP measures $1.52Billion Total Revenue ↑ 13.9% 7.0% Omni-Channel Sales Penetration of Total Net Merchandise Sales $27.2 Million Membership Income ↑ 20.3% Q4 FY26 Financial Highlights $37.6 Million Net Income ↑ 19.3% 23 $83.5M Adjusted EBITDA
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$5.75 Billion Net MerchandiseSales ↑ 11.7% $261.0 Million Operating Income ↑ 12.3% 8.4% Net Merchandise Sales – Constant Currency Growth* $5.40 Earnings per Diluted Share ↑ 12.0% For the twelve months ended 08/31/2026 * Refer to the Appendix for a reconciliation of non-GAAP measures $5.88 Billion Total Revenue ↑ 11.5% 6.7% Omni-Channel Sales Penetration of Total Net Merchandise Sales $100.8Million Membership Income ↑ 17.8% FY26 YTDFinancial Highlights $166.6 Million Net Income ↑ 12.6% 24 $360.5M Adjusted EBITDA
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Comparable Club Sales Growth Net Merchandise Sales - Constant Currency** ($ in Billions) Net Merchandise Sales (“NMS”) ($ in Billions) * FY22 – FY26 CAGR **Refer to the Appendix for a reconciliation of non-GAAP measures StrongSales 25 $3.9 $4.3 $4.8 $5.2 $5.8 FY22 FY23 FY24 FY25 FY26 $4.0 $4.3 $4.7 $5.2 $5.6 FY22 FY23 FY24 FY25 FY26 Period Comparable NMS Growth % Impact of Foreign Currency Exchange (0.8)% FY24 7.7% 5.2% 2.5% FY25 6.7% 7.5% 0.8% FY26 9.6% 6.4% 3.2% Comparable NMS – Constant Currency Growth FY22 FY23 10.4% 7.1% 12.6% 6.3% (2.2)% Average Comparable Club Sales Growth FY22 – FY26 – 8.3%
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Membership Fee Income & Average Fee Membership Income CAGR 13.4%* Consistent and Reliable Membership Income 26 Period TTM Renewal Rate Members (M) FY24 87.9% 1.89M FY25 88.8% 2.01M FY26 90.4% 2.19M Period Membership Fee Income ($M) Average Fee ($) FY24** $75.2M $39.57 FY25 $85.6M $42.27 FY26 $100.8M $45.76 FY22 FY23 FY22 FY23 $60.9M $66.0M $36.28 $36.031.76M 86.9% 88.9% 1.81M Membership Renewal Rate & Membership Accounts Membership Accounts CAGR 5.6%* * FY22 – FY26 CAGR ** Increased the membership fee by $5 in all but one market during fiscal year 2024.
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7.4% 8.9% 12.3% 17.9% 23.4% 8/31/2022 8/31/2023 8/31/2024 8/31/2025 8/31/2026 Platinum Penetration 131,316 160,913 233,148 360,605 512,326 8/31/2022 8/31/2023 8/31/2024 8/31/2025 8/31/2026 Platinum Members Investing in Membership Experience 27 * FY22 – FY26 CAGR ** Platinum penetration increase from 8/31/2022 to 8/31/2026 +1,600 basis points**
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(1) Defined as net merchandise sales, 3rd party export sales, membership income, and other revenue less cost of goods sold divided by total revenue. (2) Operating income was impacted negatively by $9.2 million (0.2% of total revenue) for costs related to the reserve for a tax settlement and $5.7 million (0.1% of total revenue) of asset impairment and closure costs. 28 Margins, Operating Income & Earnings per diluted share Period Total Revenue ($B) Revenue Margin % (1) FY24 $4.9B 17.2% FY25 $5.3B 17.4% FY26 $5.9B 17.7% Operating Income as a % of Revenue 4.5% 4.4% 4.4% Period Earnings Per Diluted Share CAGR 12.4%* FY24 (3) $4.57 $4.57 FY25 (3) $4.82 $4.82 FY26 (3) $5.40 $5.40 Adjusted Earnings Per Diluted Share** CAGR 12.8% * (3) Adjusted earnings per diluted share for FY24, FY25 and FY26 did not have any adjustments and are equivalent to GAAP earnings. * FY22 – FY26 CAGR ** Refer to the Appendix for a reconciliation of non-GAAP measures. FY22 FY23 (2) FY22 FY23 $4.1B $4.4B 16.8% 4.1% 4.2%17.2% $3.38 $3.50 $3.33 $4.06
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(1) Total growth expenditures for new clubs, purchases of previously leased clubs, investments to move existing clubs to better locations, supply chain improvements, major remodels and expansions. (2) Total maintenance expenditures for operational fixtures and equipment, building refurbishment, solar, technology spend and other capital expenditures. $143.8 $76.0 $67.5 $82.1 FY26 FY25 Maintenance and Growth CapEx ($ Millions) Total Growth CapEx⁽¹⁾ Total Maintenance CapEx⁽²⁾ Capital Expenditures 29
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Strong Financial Metrics 30 (1) The large decrease in cash held domestically during fiscal year 2024 was due to the completion of our share buyback program in which we repurchased a total of $75 million of our common stock. (2) Includes CapEx balances classified as unpaid. (3) Defined as: total debt divided by total equity. (4) The increase to dividends paid was primarily due to a one-time $1.00 per share special dividend paid on April 30, 2024, to stockholders of record on April 19, 2024, to distribute excess cash to stockholders. (Amounts in $000s, except Number of Warehouse Clubs) FY 2022FY 2023FY 2024FY 2025FY 2026 Amounts Held by Foreign Subsidiaries $203,952$139,050$121,580$222,770$211,199 Amounts Held Domestically 47,421113,15214,731 (1)62,52153,520 Total Cash & Cash Equiv. (incl. Restricted Cash) 251,373252,202136,311285,291264,719 Cash Flow From Operations 121,829257,331207,589261,307307,736 CapEx (2) 122,342143,912171,542154,131216,709 Dividends Paid 26,55928,54066,162 (4)38,73342,979 Current Assets 773,579877,107832,347974,4601,058,956 Current Liabilities 579,456634,477680,148726,271854,792 Working Capital 194,123242,630152,199248,189204,164 Total Assets 1,808,4002,005,6082,022,6942,269,1572,602,927 Current Debt 33,71520,19335,91738,67564,591 Long Term Debt $103,556$119,487$94,443$147,922$102,954 Number of Warehouse Clubs 5056 54 5158 Current Ratio 1.2 1.3 1.2 1.4 1.3 Debt to Equity (3) 12% 15% 12% 13% 14%
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Appendix 31
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(1) Primarily consists of transaction costs of converting the local currencies into available tradable currencies in some of our countries with liquidity issues and foreign currency losses or gains due to the revaluation of monetary assets and liabilities (primarily U.S. dollars) for the three and twelve months ended August 31, 2026, and August 31, 2025. GAAP to Non-GAAP Reconciliations 32 Adjusted EBITDA Three Months Ended Year Ended August 31, 2026 August 31, 2025 August 31, 2026 August 31, 2025(Amounts in thousands) Net income as reported $ 37,638 $ 31,541 $ 166,586 $ 147,887 Adjustments: Interest expense 4,538 3,520 16,767 11,515 Provision for income taxes 12,540 14,820 61,112 58,617 Depreciation and amortization 26,475 22,775 99,502 88,161 Interest income (3,296) (2,698) (13,136) (10,139) Other expense, net ⁽¹⁾ 5,609 5,586 29,688 24,636 Adjusted EBITDA $ 83,504 $ 75,544 $ 360,519 $ 320,677
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(1) Reflects $7.7 million of separation costs associated with the departure of our former Chief Executive Officer in February 2023. (2) Reflects a gain of $2.7 million associated with the sale of our Aeropost subsidiary in October 2021. (3) Reflects $2.1 million of Aeropost-related write-offs in the first quarter of fiscal year 2023 and $660,000 of a receivable written-off in connection with the settlement in the third quarter of fiscal year 2023 of a claim for indemnification from the buyer of the Aeropost business. (4) Reflects $2.3 million of VAT receivables related to prior periods deemed not recoverable and written-off in the third quarter of fiscal year 2023 following unfavorable court rulings. (5) Reflects $5.7 million of impairment charges primarily related to the write down of assets in connection with our decision in the fourth quarter of fiscal year 2023 to seek to sell our Trinidad sustainable packaging plant. (6) Reflects a $950,000 gain related to a building we acquired upon the early termination of a lease in which we were the lessor of the land on which the building was constructed by and abandoned by one of our tenants. GAAP to Non-GAAP Reconciliations (Continued) 33 Adjusted Net Income Per Diluted Share Years Ended August 31, 2026 August 31, 2025 August 31, 2024 August 31, 2023 August 31, 2022 Net income attributable to PriceSmart per diluted share $ 5.40 $ 4.82 $ 4.57 $ 3.50 $ 3.38 Separation costs associated with Chief Executive Officer departure ⁽¹⁾ - - - 0.23 - Gain on sale of Aeropost subsidiary ⁽²⁾ - - - - (0.05) Aeropost-related write-offs ⁽³⁾ - - - 0.09 - VAT receivable write-off ⁽⁴⁾ - - - 0.08 - Asset impairment and closure costs ⁽⁵⁾ - - - 0.18 - Gain on acquisition of building ⁽⁶⁾ - - - (0.02) - Adjusted net income attributable to PriceSmart per diluted share $ 5.40 $ 4.82 $ 4.57 $ 4.06 $ 3.33
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GAAP to Non-GAAP Reconciliations (Continued) 36 Net Merchandise Sales and Net Merchandise Sales - Constant Currency Reconciliation (Amounts in millions) Net Merchandise Sales Net Merchandise Sales – Constant Currency Impact of Foreign Currency Exchange $ $ FY24 4,783 4,669 114 FY25 5,151 5,188 (37) FY26 5,754 5,583 171 Comparable Net Merchandise Sales - Constant Currency Reconciliation Comparable Net Merchandise Sales Growth Comparable Net Merchandise Sales – Constant Currency Growth % Impact of Foreign Currency Exchange FY24 7.7 5.2 2.5 FY25 6.7 7.5 (0.8) FY26 9.6% 6.4% 3.2% Three Months Ended August 31, 2026 Net Merchandise Sales Growth Net Merchandise Sales – Constant Currency Growth % Impact of Foreign Currency Exchange 13.8% 7.8% 6.0% Year Ended August 31, 2026 % Impact of Foreign Currency Exchange 11.7% 8.4% 3.3% Net Merchandise Sales Growth Net Merchandise Sales – Constant Currency Growth 34 FY22 FY23 3,945 4,301 4,023 4,273 (78) 28 FY23 7.1 6.3 0.8 FY22 10.4 12.6 (2.2)
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Investor Relations Investor Relations Contact ir@pricesmart.com 858-404-8826 35