Interim report
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JUMBO S.A. GROUP OF COMPANIES REG No. 7650/06/B/86/04- G.E.MI. No. 121653960000 Cyprou 9 & Hydras Street, Moschato Attikis SIX-MONTH FINANCIAL REPORT For the period from 1 January 2026 to 30 June 2026 (According to Article 5, Law 3556/2007)
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 2 CONTENTS Page I. Statements of the members of the Board of Directors (according to Law 3556/2007) ............................. 4 II. Independent Review Report ........................................................................................................................ 5 III. Six- month Board of Directors’ Report ...................................................................................................... 6 IV. Condensed Interim Separate and Consolidated Financial Statements for the financial period 01.01.2026-30.06.2026 ............................................................................................................................................... 23 A. CONDENSED INTERIM INCOME STATEMENT OF H1 .................................................................... 23 B. CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME OF H1 ......................... 24 C. CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION ............................................... 25 D. CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - CONSOLIDATED ............. 26 E. CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY OF THE PARENT - COMPANY ................................................................................................................................................................ 28 F. CONDENSED INTERIM STATEMENT OF CASH FLOWS ................................................................. 30 G. SELECTED EXPLANATORY NOTES TO THE INTERIM SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 JUNE 2026 ............................................................................................. 31 1. Information ................................................................................................................................................. 31 2. Company’s Activity ................................................................................................................................... 31 3. Framework for the Preparation of Financial Statements .................................................................... 32 3.1. Changes in Accounting Policies ....................................................................................................... 33 3.1.1 New Standards, Interpretations, Revisions and Amendments to existing Standards that are effective and have been adopted by the European Union. ........................................................................ 33 3.1.2 New Standards, Interpretations and amendments to existing Standards which have not been applied yet or have not been adopted by the European Union ............................................................... 34 3.2. The Group Structure and method of consolidation ....................................................................... 34 4. Notes to the Financial Statements ........................................................................................................... 37 4.1 Segment Reporting ............................................................................................................................. 37 4.2 Distribution and Administrative Expenses .................................................................................... 39 4.3 Other operating income and expenses ............................................................................................ 40 4.4 Income tax ........................................................................................................................................... 40 4.5 Earnings per share .............................................................................................................................. 41 4.6 Property, plant and equipment and right- of-use assets ............................................................... 42 4.7 Investment property (leased properties) ......................................................................................... 46 4.8 Investments in subsidiaries ............................................................................................................... 47 4.9 Financial instruments per category.................................................................................................. 48 4.9.1 Financial instruments at fair value through other comprehensive income .................................... 50 4.9.2 Fair value of financial instruments ...................................................................................................... 51 4.10 Other long term receivables .............................................................................................................. 52 4.11 Trade debtors and other trade receivables ..................................................................................... 52 4.12 Other receivables ................................................................................................................................ 53 4.13 Other current assets ........................................................................................................................... 53 4.14 Long term and short term restricted bank deposits ...................................................................... 53 4.15 Cash and cash equivalents ................................................................................................................ 54 4.16 Equity ................................................................................................................................................... 54 4.16.1.Share capital .......................................................................................................................................... 54 4.16.2 Share Premium and other reserves – Reserve for own shares ....................................................... 55 4.17 Long and Short term lease liabilities................................................................................................ 57
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 3 4.18 Other long term liabilities ................................................................................................................. 58 4.19 Deferred tax liabilities ........................................................................................................................ 58 4.20 Trade and other payables .................................................................................................................. 60 4.21 Current tax liabilities ......................................................................................................................... 60 4.22 Other short term liabilities ................................................................................................................ 61 4.23 Cash flows from operating activities ............................................................................................... 61 4.24 Merger by Absorption of a Subsidiary ............................................................................................ 62 4.25 Contingent Liabilities / Contingent Assets .................................................................................... 62 4.26 Unaudited fiscal years by tax authorities ........................................................................................ 63 5. Transactions with related parties ............................................................................................................ 64 6. Fees to members of the Board of Directors ........................................................................................... 65 7. Lawsuits and litigations ............................................................................................................................ 66 8. Number of employees ............................................................................................................................... 66 9. Seasonal fluctuation .................................................................................................................................. 66 10. Significant events during the period 01.01.2026-30.06.2026 ........................................................... 66 11. Post-reporting date events.................................................................................................................... 67
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 4 I. Statements of the members of the Board of Directors (according to Law 3556/2007) The following members of the Board of Directors of “JUMBO S.A.”: 1. Apostolos - Evangelos Vakakis, President of the Board of Directors 2. Dimitrios Kerameus, Vice-Chairman of the Board of Directors 3. Konstantina Demiri, Chief Executive Officer in our above capacity, specifically appointed for this purpose by the Board of Directors of “JUMBO SA” (henceforth referred to as "the Company") we declare and certify that, as far as we know: a. The six-month separate and consolidated condensed interim financial statements of “JUMBO S.A.” for the period 01.01.2026-30.06.2026, which were prepared according to the applicable International Financial Reporting Standards, as adopted by the European Union, and have been prepared in accordance with International Accounting Standard (IAS) 34 “Interim Financial Reporting”, provide a true and fair view of the assets and liabilities, the equity and the financial results of the Group and of the Company, as well as of the companies included in the consolidation as aggregate, according to the provisions of par. 3 - 5 of article 5 of L.3556/2007 and the authorizing decisions of the Board of Directors of the Hellenic Capital Market Commission. b. The six-month Board of Directors Report presents in a true and fair way the information required according to par. 6 of article 5 of L.3556/2007 and the authorizing decisions of the Board of Directors of the Hellenic Capital Market Commission. Moschato, September 23rd, 2026 The designees Apostolos - Evangelos Vakakis Dimitrios Kerameus Konstantina Demiri President of the Board of Directors Vice-President of the Board of Directors Chief Executive Officer
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II. Independent Review Report To the Board of Directors of the Company “JUMBO S.A.” Report on Review of Interim Financial Information Introduction We have reviewed the accompanying interim condensed separate and consolidated statement of financial position of «JUMBO S.A.» as of June 30, 2026 and the related condensed separate and consolidated statements of comprehensive income, changes in equity and cash flows for the six-month period then ended, as well as the selected explanatory notes that comprise the interim condensed financial information, which is an integral part of the six-month financial report as provided by Law. 3556/2007. Management is responsible for the preparation and presentation of this interim financial information in accordance with International Financial Reporting Standards as adopted by the European Union and applied to interim Financial Reporting (International Accounting Standard “IAS” 34). Our responsibility is to express a conclusion on this interim condensed financial information, based on our review. Scope of Review We conducted our review in accordance with the International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, mainly of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, as incorporated into the Greek Legislation and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Consequently, we do not express an audit opinion. Conclusion Based on the review conducted, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial information is not prepared, in all material respects, in accordance with IAS 34. Report on other legal and regulatory requirements Our review has not revealed any material inconsistency or misstatement in the statements of the members of the Board of Directors and the information of the six-month Board of Directors Report, as defined in articles 5 and 5a of Law 3556/2007, in relation to the accompanying interim condensed financial information. BDO Certified Public Accountants SA 449, Mesogion Ave. 153 43 Agia Paraskevi Athens Greece Reg.SOEL: 173 Agia Paraskevi, 23/9/2026 The Certified Public Accountant Christoforos I. Achiniotis Reg.SOEL: 35961
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 6 Six- month Board of Directors’ Report OF SOCIETE ANONYME “JUMBO ANONIMI EMPORIKI ETAIREIA” ON THE CONDENSED INTERIM CONSOLIDATED AND COMPANY’S FINANCIAL STATEMENTS FOR THE PERIOD FROM 01.01.2026 TO 30.06.2026 Dear Shareholders, The presented six-month report of the Board of Directors refers to the period of the first six months of the current financial year 2026 (01.01.2026-30.06.2026). The Report has been prepared in accordance with the related provisions of Law 3556/2007 (Government Gazette 91A/30.04.2007) as well as the publicized resolutions of the Board of Directors of the Hellenic Capital Market Commission. This report briefly describes financial information for the first half of the current financial year, the most significant events that took place during this period and their effect on the condensed interim financial statements of this period regarding Jumbo SA (hereinafter the “Company”) and Jumbo Group (hereinafter the “Group” or “JUMBO”). At the same time, it provides a description of the main risks and uncertainties the Group and Company might be faced with during the second half of the financial year, as well as the most significant transactions that took place between the issuer and its related parties. A. REVIEW OF THE CLOSING PERIOD FROM 01.01.2026 TO 30.06.2026 Turnover: The Group’s turnover for the first six months of 2026 stood at € 519,26 mil, presenting an increase of 4,42% compared to € 497,28 mil in the respective period last year. The Company’s turnover amounted to € 442,36 mil, presenting an increase of 4,51% compared to € 423,28 mil in the respective period last year. Sales performance during the first half of 2026 was shaped by an environment of heightened geopolitical uncertainty and varying macroeconomic conditions across the markets in which the Group operates. Sales performance by country for the first six months of 2026 is analytically presented below as follows: Greece: Overall, during the first half of 2026, the Parent Company’s net sales – excluding intercompany transactions – increased by 7,08% compared with the corresponding period of the previous year. Greece, which represents the Group’s largest market, maintained a healthy growth trajectory during the period under review. Cyprus: Sales in Cyprus during the first half of 2026 increased by 3,92% compared with the corresponding period of the previous year. The market was periodically affected by heightened uncertainty arising from its geographical proximity to the ongoing conflicts in the broader Middle East region. Bulgaria: Sales in Bulgaria during the first half of 2026 increased by 10,78% compared with the corresponding period of the previous year. The market continues to be supported by a relatively favourable macroeconomic and financial environment, also in view of the forthcoming adoption of the euro. Romania: Sales in Romania during the first half of 2026 decreased by 6,50% compared with the corresponding period of the previous year. The economic environment remained challenging, with elevated inflation.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 7 As at 30.06.2026, the Group’s network had 89 stores, 53 of which are located in Greece, 6 in Cyprus, 10 in Bulgaria and 20 in Romania, while the on line store was operating in Greece, Cyprus, Bulgaria and Romania. The Group continues to expand its store network in a disciplined manner. The new hyper-store in Baia Mare, Romania, is expected to commence operations within 2026, while Romania remains a key market for the Group’s long-term growth. Furthermore, the Company, through collaborations, had presence, with 46 stores operating under the JUMBO brand, in 7 countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro and Israel). Some important financial data for the Group and the Company are analyzed below as follows: Gross Profit: The Group’s gross profit margin for the current period (01.01.2026-30.06.2026) stood at 53,53% from 53,86% for the previous respective period, representing a marginal decline of 33 basis points. This development was mainly attributable to pressure on the gross margin in Romania, as a result of the depreciation of the local currency and the Group’s decision to absorb the VAT increase, limiting its pass-through to final consumer prices. This impact was partly offset by the more favourable euro/US dollar exchange rate, given that a significant proportion of the Group’s purchases is denominated in US dollars. The lower share of sales to franchisees in the overall sales mix also had a positive impact on the gross margin. This development reflects both the high comparison base of the previous year and the impact of the armed conflict in Israel on the operations of the local franchise partner. At the same time, international freight costs remained under control for most of the first half of the year. However, developments towards the end of the period led to renewed upward pressure on freight rates, increasing uncertainty regarding cost developments during the second half of the year. Respectively, for the Company, the gross profit margin for the period 01.01.2026-30.06.2026 stood at 41,91% compared to the previous respective period 01.01.2025-30.06.2025 standing at 40,85%. Earnings before interest, taxes, investment results, depreciation and amortization: Earnings before interest, tax, investment results, depreciation and amortization of the Group reached € 169,93 mil from € 165,35 mil in the previous respective period and earnings before interest, taxes, investment results depreciation and amortization margin stood at 32,73% from 33,25%. Earnings before interest, taxes, investment results depreciation and amortization for the Company reached € 114,04 mil. from € 105,88 mil. in the previous respective period and earnings before interest, taxes, investment results depreciation and amortization margin stood at 25,78%from 25,01%. Net Profits after tax: The Net Consolidated Profits after tax reached € 120,65 mil. versus the previous respective period when those stood at € 117,18 mil., i.e. increased by 2,96%. Net Profits after tax for the Company reached € 149,54 mil. versus the previous respective period when those stood at € 139,37 mil. It is noted that during the first half of 2026, the Company received dividend income of €70,00 million from its wholly-owned subsidiary “JUMBO EC.R SRL”. Correspondingly, during the first half of 2025, the Company received dividend income of €66,00 million from its wholly-owned subsidiaries “JUMBO TRADING LTD”, “JUMBO EC.B. LTD” and “JUMBO EC.R SRL”. The Company's profit after tax excluding the impact of the dividends paid amounted to € 79,54 mil., an increase of 8,40%. Net cash flows from operating and financing activities: Net cash flows from operating activities of the Group amounted to € 79,64 mil. for the period 01.01.2026-30.06.2026 from € 34,60 mil. for the period 01.01.2025-30.06.2025. The Group's capital expenditures amounted to € 5,90 mil during the period
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 8 01.01.2026-30.06.2026, net cash flows after investing and operating activities of the Group amounted to € 87,28 mil as at 30.06.2026 from € 25,23 mil as at 30.06.2025. Cash and cash equivalents as well as other current financial assets amounted to € 547,90 mil. on 30.06.2026 from € 381,12 mil. on 30.06.2025. Net cash flows from operating activities of the Company amounted to an inflow of € 55,73 mil for the period 01.01.2026-30.06.2026 from € 9,97 mil for the period 01.01.2025-30.06.2025. With capital expenditures of € 2,83 mil during the first half of the current financial year, and dividends receipts from subsidiaries amounting to 70,00 mil, the Company’s net cash flows from investing and operating activities amounted to € 125,92 mil. as at 30.06.2026 from 67,16 mil. as at 30.06.2025. Cash and cash equivalents as well as other current financial assets amounted to € 234,18 mil on 30.06.2026 from € 139,33 mil on 30.06.2025. Earnings per share: As at 30.06.2026, the Company did not hold any treasury shares and the total weighted average number of shares was 134.365.561. As at 30.06.2025, the Company held 1.694.198 treasury shares. The total weighted average number of the Company’s shares as at 30.06.2025 was 134.454.128 shares. The Group’s earnings per share amounted to €0,8979, compared with €0,8715 in the corresponding period of the previous year, representing an increase of 3,00%. The Company’s earnings per share amounted to €1,1129, compared with €1,0366 in the corresponding period of the previous year, representing an increase of 7,36%. Furthermore, during the first half of 2026, the Company received dividend income of €70,00 million from its wholly-owned subsidiary “JUMBO EC.R SRL”. Correspondingly, during the first half of 2025, the Company received dividend income of €66,00 million from its wholly-owned subsidiaries “JUMBO TRADING LTD”, “JUMBO EC.B. LTD” and “JUMBO EC.R SRL”. On a comparable basis, excluding the impact of the share buyback and dividend income: The Group’s earnings per share amounted to €0,8979, compared with €0,8721 in the corresponding period of the previous year, representing an increase of 2,96%. The Company’s earnings per share amounted to €0,5919, compared with €0,5461 in the corresponding period of the previous year, representing an increase of 8,40%. Earnings/(losses) per share were calculated by dividing profit/(loss) after tax by the weighted average number of shares of the Parent Company outstanding during the period. Net Tangible Fixed Assets: As at 30.06.2026, the carrying amount of the Group’s Tangible Fixed Assets amounted to € 787,41 mil., including right-of-use assets, and represented 41,62% of the Group’s Total Assets, compared to 31.12.2025 standing at € 808,17mil. including right-of-use assets and represented 43,16% of the Group’s Total Assets. As at 30.06.2026, the carrying amount of the Company’s Tangible Fixed Assets amounted to € 393,18 mil., including right-of-use assets, and represented 33,18% of the Company’s Total Assets, as compared to 31.12.2025, when the carrying amount of the Company’s Tangible Fixed Assets amounted to € 388,72 mil. including right-of-use assets and represented 34,77% of the Company’s Total Assets. Net investments performed by the Company for the purchase of fixed assets for the closing period amounted to € 2,83 mil. and to € 5,90 mil. by the Group. Inventories: Inventories of the Group amounted on 30.06.2026 to € 325,76 mil. compared to € 310,50 mil. as at 31.12.2025 and represent 17,22% of the Total Consolidated Assets compared to 16,58% as at 31.12.2025. Inventories of the Company amounted to € 232,47 mil. compared to € 229,85 mil. as at 31.12.2025 and represent 19,62% of the Total Assets of the Company compared to 20,56% as at 31.12.2025. Long-term lease liabilities: On the same date, the Group's long-term lease liabilities amounted to € 52,81 mil., i.e. 2,79% of the Group's Equity and Liabilities and for the Company to € 41,87 mil., i.e. 3,53% of the total Equity and Liabilities of the Company. As at 31.12.2025 the Group's long-term lease liabilities amounted to € 58,34 mil., i.e. 3,12% of the Group's Equity and Liabilities and for the Company to € 47,09 mil., i.e. 4,21% of the total Equity and Liabilities of the Company.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 9 Short-term lease liabilities: On the same date, the Group's short-term lease liabilities amounted to € 9,44 mil. and for the Company to € 6,33 mil as at 31.12.2025 the Group's short-term lease liabilities amounted to € 8,10 mil. and for the Company to € 6,39 mil.. Equity: Consolidated Equity amounted to € 1.622,56 mil. compared to € 1.576,37 mil. on 31.12.2025 and represent 85,77% of the Group’s Total Equity and Liabilities. The Company’s Equity amounted to € 965,47 mil. compared to € 881,77 mil. as at 31.12.2025, representing 81,47% of the Company’s Total Equity and Liabilities. Net debt ratios: During the closing period the Group’s cash and cash equivalents balances and other current financial assets were higher than lease liabilities, by the amount of € 485,65 mil and, as a consequence, the total net debt ratio was negative. For the financial year that ended on 31.12.2025 the Group’ cash and cash equivalents balances and other current financial assets were higher than lease liabilities, by the amount of € 473,21 mil and, as a consequence, the total net debt ratio was negative. As at 30.06.2026 the cash and cash equivalent balances and other current financial assets of the Company were higher than lease liabilities, by the amount of € 185,99 mil and, as a consequence, the total net debt ratio was negative. As at 31.12.2025 the Company’s cash and cash equivalent balances and other current financial assets were higher than lease liabilities, by the amount of € 127,09 mil and, as a consequence, the total net debt ratio was negative. It is noted that neither the Company nor the Group has any borrowings. Adding Value and Performance Valuation Factors The Group recognizes four geographical segments, Greece, Cyprus, Bulgaria and Romania, as operating segments. The above geographical segments are those used by the Management for internal information purposes. The Management’s strategic decisions are based on the operating results of every segment, which are used for measurement of profitability. On 30.06.2026 total earnings before taxes, financial and investment results allocated among the four segments, stood at € 148,90 mil. Respectively, οn 30.06.2025 total earnings before taxes, financial and investment results allocated among the four segments, stood at € 144,32 mil. Greece segment represented for the current period 01.01.2026-30.06.2026 62,36% of the Group’s turnover while it also contributed 62,99% of the total earnings before taxes, financial and investment results. During the previous respective period this segment represented 60,82% of the Group’s turnover while it also contributed 59,43% of the total earnings before taxes, financial and investment results. Cyprus segment represented for the current period 01.01.2026-30.06.2026 11,00% of the Group’s turnover while it also contributed 13,71% of the total earnings before taxes, financial and investment results. In the previous comparative period this segment represented 11,05% of the Group’s turnover while it also contributed 13,88% of the total earnings before taxes, financial and investment results. Bulgaria segment represented for the current period 01.01.2026-30.06.2026 9,28% of the Group’s turnover, while it also contributed 9,78% of the total earnings before taxes, financial and investment results. In the previous comparative period this segment represented 8,75% of the Group’s turnover, while it also contributed 9,70% of the total earnings before taxes, financial and investment results. Romania segment represented in the current period 01.01.2026-30.06.2026 17,35% of the Group’s turnover, while it also contributed 13,52% of the total earnings before taxes, financial and investment results. During the previous comparative period this segment represented 19,38% of the Group’s turnover, while it also contributed 16,99% of the total earnings before taxes, financial and investment results. Alternative Performance Measurement Indicators (APMs) The Group and the Company evaluate their results and performance on a monthly basis, identifying deviations from targets in a timely and effective manner and taking corrective action accordingly. The Group and the Company measure its performance by making use of financial performance indicators, widely used internationally that serve to better understand the Group's and the
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 10 Company's financial results and operating results of their financial position and cash flow statement. The Alternative Performance Measurement Indicators (APMs) that the Group and the Company have chosen to use are Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), EBITDA Margin, Return on Capital Employed (ROCE), Return on Equity (ROE) and Net Debt. These ratios are not defined or identified in IFRS, but are based on the financial statements of the Group and the Company prepared in accordance with IFRS. They should always be considered in conjunction with the financial results prepared in accordance with IFRS and in no way replace them. In addition, these ratios should not be compared with those of other groups. The following indicators are taken into account by the management of the Group and the Company in making strategic decisions: 1. ROCE (Return on Capital Employed): It is a profitability ratio used to assess the Group's and the Company's ability to use their capital efficiently. This ratio divides the twelve-month adjusted net income for any extraordinary items by the employed capital, which is defined as the sum of fixed assets (notes 4.6 and 4.7) plus working capital. For the calculation of the numerator as of 30.06.2026, management uses the net income of the first half of 2026 and adds the net income generated in the second half of 2025 to arrive at the twelve-month net income level. The numerator as of 30.06.2025 has been calculated accordingly. On fixed assets management adds the capitalised value of operating leases (EUR 62,25 mil) and investment property (EUR 16,34 mil). Working capital is defined as inventory plus receivables (notes 4.11, 4.12, 4.13) less payables (notes 4.20 and 4.22). On the basis of the above, the ROCE ratio is as follows: GROUP 30/06/2026 ROCE= (120.652.824+ 202.566.405) = 26,58% 1.216.045.366 GROUP 30/06/2025 ROCE= (117.182.144+ 187.619.781) = 25,25% 1.207.175.307 COMPANY 30/06/2026 ROCE= (79.536.090+ 113.569.591) = 26,16% 738.216.923 COMPANY 30/06/2025 ROCE= (73.373.605+ 96.429.968) = 24,00% 707.407.907 2. ROE (Return on Equity): With the ROE ratio, the Group and the Company evaluate the efficiency of profit generation. This ratio divides the Earning After Tax (EAT) with the average Equity of the two last years. For the purposes of comparability, the following calculation uses underlying profit after tax, which is defined as profit after tax excluding non-recurring items. Furthermore, the adjusted profit after tax for the first half of the current financial year is added to the adjusted profit after tax for the second half of the financial years ending 31 December 2025 and 31 December 2024 respectively.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 11 GROUP 30/06/2026 ROE= (120.652.824+ 202.566.405) = 20,21% (1.622.559.853+ 1.576.372.006)/2 GROUP 30/06/2025 ROE= (117.182.144+ 187.619.781) = 21,42% (1.437.871.999 + 1.408.143.782)/2 COMPANY 30/06/2026 ROE= (79.536.090+ 113.569.591) = 20,91% (965.465.733+ 881.766.364)/2 COMPANY 30/06/2025 ROE= (73.373.605+ 96.429.968) = 21,03% (835.594.517+ 779.117.277)/2 3. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) "Operating income before interest, taxes, financial and investment income and total depreciation and amortization" - The ratio is calculated by adding interest on debt, deducting interest on credit and adding depreciation and amortization to Operating income before taxes. 4. EBITDA margin "Margin on Operating profit before tax, financial and investment income and total depreciation and amortization" - The ratio divides EBITDA by turnover. EBITDA and EBITDA margin ratios combined assess the operating performance of the Group and the Company Earnings before interest, taxes, depreciation and amortization (EBITDA) Amounts in mil. € The Group The Company 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Earnings After Tax 120,65 117,18 149,54 139,37 Taxes 30,10 28,88 22,56 20,77 Interest (1,85) (1,74) 0,29 0,41 Depreciation 21,09 21,04 11,72 11,33 Earnings before interest, taxes, depreciation and amortization (EBITDA) 170,00 165,36 184,11 171,89 Adj.Earnings before interest, taxes, depreciation and amortization (EBITDA)* 170,00 165,36 114,11 105,89 Investment results (0,07) (0,01) (70,07) (66,01) Earnings before interest, tax, investment results, depreciation and amortization 169,93 165,35 114,04 105,88 Turnover 519,26 497,28 442,36 423,28 Margin of Earnings before interest, tax investment results depreciation and amortization 32,73% 33,25% 25,78% 25,01% Note The term EBITDA refers to earnings before interest, taxes, depreciation and amortization and alongside with the Earnings before interest, tax, investment results, depreciation and amortization Margin, they constitute the ratios of measuring the Company's and the Group’s operational performance. * Refers to the adjustment of the dividend of € 70,00 mil. received by the Company for the period 01.01.2026- 30.06.2026 and the dividend of € 66,00 mil. received by the Company for the period 01.01.2025-30.06.2025.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 12 5. Net Debt – The ratio is calculated as the sum of lease liabilities and borrowings less cash and cash equivalents and other current financial assets and measures the liquidity of the Group and the Company. NET DEBT The Group The Company Amounts in mil. € 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Short-term loan liabilities - - - - Long-term lease liabilities 52,81 58,34 41,87 47,09 Short-term lease liabilities 9,44 8,10 6,33 6,39 Short term restricted bank deposits (1,76) (2,97) - - Cash and cash equivalents (546,14) (536,67) (234,18) (180,57) Net Debt (485,65) (473,21) (185,99) (127,09) Note The net debt for the Company and the Group, i.e. is represented the total lease liabilities and borrowings less the amount of cash and cash equivalents and other current financial assets and is used by the Management of the Company and the Group as a measure of liquidity. Β. SIGNIFICANT EVENTS IN THE CLOSING PERIOD The significant events which took place during the first half of the current year (01.01.2026- 30.06.2026) as well as their effect on the condensed interim financial statements are the following. The Extraordinary General Meeting of the Company’s shareholders held on 04.02.2026 approved Management’s proposal for an extraordinary cash distribution of a gross amount of €0,50 per share, before the withholding of the applicable dividend tax, corresponding to a total amount of €67.182.780,50. The amount was distributed from extraordinary reserves formed from taxed and undistributed profits of the financial years 01.01.2022-31.12.2022 and 01.01.2023-31.12.2023. The net extraordinary cash distribution, following the withholding of 5% tax, where applicable, amounted to €0,4750 per share, and payment to the beneficiaries commenced on 30.03.2026. The Board of Directors, by resolution dated 25.02.2026, approved the distribution of dividends totalling €70 million from the wholly-owned subsidiary “JUMBO EC.R. S.R.L.” (Romania), out of profits for the financial year 01.07.2018-30.06.2019 and the extended financial year 01.07.2019-31.12.2020. As part of the Group’s strategy to acquire leased stores already in operation, with the aim of enhancing operational efficiency and long-term sustainability, the acquisition of the leased store located at the Militari Shopping Center in Bucharest (Romania) was completed, representing the first such acquisition in 2026. In February 2026, the merger by absorption of Indene Properties Limited, Ingane Properties Limited and Introserve Properties Limited by JUMBO Trading Limited was approved, with no material impact on the Group’s financial position, financial performance or operations. On 09.04.2026, the merger by absorption by the Company of its wholly-owned (unlisted) subsidiary under the corporate name “HERALD HELLAS SINGLE-MEMBER SOCIÉTÉ ANONYME FOR REAL ESTATE DEVELOPMENT AND SERVICES 2” (hereinafter the “Absorbed Company”) was completed. Given that the Absorbed Company was a wholly-owned subsidiary of the Company, the merger was effected without any increase in the Company’s share capital and without the issuance of new shares and did not result in any change in the Company’s shareholding structure. Finally, it is noted
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 13 that, as a result of the merger, the Absorbed Company was struck off the General Commercial Registry (G.E.MI.) and ceased to exist as a legal entity, while the Company became, by operation of law, its universal successor in respect of all its legal relationships. C. RISK MANAGEMENT The Group is exposed to various financial risks such as market risk (variation in foreign exchange rates, interest rates, market prices etc.), credit risk and liquidity risk. The Group’s risk management policy aims at limiting the negative impact on the Group’s financial results, which arises from the inability to predict financial markets and fluctuations in cost and revenue variables. The risk management policy is executed by the Management of the Group, which evaluates the risks related to the Group’s activities and operations, plans the methodology and selects suitable financial products for risk reduction. The Group’s financial instruments include mainly bank deposits, trade debtors and creditors, dividends payable and loans. Foreign Exchange Risk The Group operates internationally and, therefore, it is exposed to foreign exchange risk, which arises mainly from the U.S. Dollar and Romanian Lei (RON) due to the operation of the Group through its subsidiary company in Romania. The Group deals with this risk with the strategy of early stocking that provides the opportunity to purchase inventories at more favorable prices while been given the opportunity to review the pricing policy through its main operational activity which is retail sales. However, significant variation in foreign exchange rates could have a negative effect on its results. Interest Rate Risk On June 30th 2026, the Group and the Company are exposed to changes in the interest rate market in terms of cash and cash equivalents which are subject to a variable rate of interest. A reasonable change in the interest rate of +/- 0,5% would benefit / burden the Company's and Group's results by € 0,40 mil. and € 1,11 mil, respectively. Deposits up to three months term as well as deposits over three months term (other current financial assets) have been included in the calculation. Credit Risk The majority of the Group’s sales are retail sales, which are primarily conducted on a cash basis, while wholesale sales are made to customers with an assessed credit history. With respect to trade and other receivables, the Group is not exposed to significant credit risk. In order to minimise credit risk relating to cash and cash equivalents, the Group transacts only with recognised financial institutions with high credit ratings. Liquidity Risk The Group manages its liquidity needs by carefully monitoring scheduled debt servicing payments for long – term financial liabilities as well as cash outflows due in the day - to - day business. The Group ensures that sufficient available credit facilities exist, so that it is able to cover the short-term business needs, after calculating the cash flows resulting from its operation as well as its cash and cash equivalents. Market Price Risk The Company is exposed to market price risk in relation to equity securities due to investments held and allocated in the statement of financial position as fair value through other comprehensive income. As at June 30, 2026, the Company’s investments in equity securities include publicly traded shares with a value of € 27.095.926 listed on the Cyprus Stock Exchange and Athens Stock Exchange. The Company does not apply hedge accounting for market price risk. Other Risks The Group’s Management has established an Internal Control System for the identification of deficiencies and exceptions in the course of its business operations. Within this framework, operational, strategic,
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 14 regulatory and financial risks, legal and compliance risks, as well as information systems and cybersecurity risks, are assessed and monitored. Political and economic factors During 2026, the escalation of geopolitical tensions in the Middle East caused renewed significant disruption to international energy markets. The increase and heightened volatility in oil and natural gas prices have placed upward pressure on fuel, electricity and transportation costs, while potentially giving rise to broader secondary inflationary pressures. At the same time, the ongoing war in Ukraine continues to represent a significant source of geopolitical and energy-related uncertainty. These developments have interrupted the downward trend in inflation and continue to constrain households’ real disposable income. The persistence of inflation at levels above those considered desirable may adversely affect consumer confidence and demand. In addition, intensifying international trade tensions and the adoption of protectionist policies are increasing uncertainty regarding the medium-term outlook for global trade and may lead to renewed disruptions in supply chains. The situation in the Red Sea and the Suez Canal continues to pose significant operational challenges. The use of this shipping route remains limited for a significant part of commercial shipping. As a result, shipments from Asia to Piraeus are primarily routed around Africa, with transit times of approximately 60 days, compared with approximately 30 days prior to the crisis. Longer transit times and volatility in freight rates affect procurement costs, order and inventory planning, as well as working capital requirements. Geopolitical developments in the Middle East also affect, both directly and indirectly, the operations of the stores operating under the JUMBO brand in Israel. These stores are operated through a franchise arrangement with an independent local partner and, consequently, the Group’s direct financial and operational exposure remains limited. However, any further deterioration in the situation could affect sales to the franchise partner, royalty income and the pace of expansion of the local store network. The Romanian market continues to face particular challenges. The implementation of fiscal consolidation measures, the increase in the standard VAT rate from 19% to 21% in August 2025, high inflation, pressure on the exchange rate of the Romanian RON and political uncertainty continue to constrain real disposable income and consumer demand. The Group is also exposed to foreign exchange risk, primarily as a significant proportion of merchandise purchases and transportation costs is denominated in US dollars, while the Group also operates in markets outside the euro area. Adverse movements in foreign exchange rates, combined with higher energy prices and freight rates, may affect procurement costs and the gross profit margin. In order to address the above risks, the Group continuously adjusts its planning and product mix, works closely with suppliers to share the impact of increased costs and maintains adequate inventory levels at competitive prices. The timely placement of orders, containment of operating costs and continuous optimisation of logistics processes enhance the Group’s flexibility and mitigate, to the extent possible, the impact of delays and increased transportation costs. At the same time, the Group is implementing a significant investment program aimed at strengthening its infrastructure and supply chain. The development of the new distribution center in Romania, with an area of approximately 60.000 sq.m., as well as the planned investment in Thessaloniki, are expected to increase the Group’s warehousing and distribution capacity. However, the implementation of investments of this scale entails risks associated with potential delays, increases in construction costs and the time required for their full operational integration. Competition from international e-commerce platforms and organized retail chains remains intense. The Group continues to strengthen its online stores, enhance the customer experience and adapt its communication strategy and promotional activities. The introduction, as of July 2026, of a €3 customs duty per tariff category on goods shipped directly from third countries to consumers in the European Union represents a positive development towards creating a more level playing field, without, however, eliminating the long-term competitive pressure from international e-commerce platforms.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 15 Finally, the increasing frequency of extreme weather events may affect the operation of stores and warehousing facilities, transportation and supply chains, as well as insurance and energy costs. As part of its environmental strategy and efforts to reduce its carbon footprint, the Group continues to invest in photovoltaic systems, energy-efficient facilities and other infrastructure aimed at reducing energy consumption. Suppliers bankruptcy risk The unprecedented energy crisis, the increase in transportation costs as a result of the wars in Ukraine and the Middle East, as well as higher operating and borrowing costs for businesses, give rise to the risk of a supplier of the Company becoming insolvent. In such an event, the Company is exposed to the risk of losing advance payments made for the purchase of products. In order to mitigate the above risk, the Group maintains relationships with a significant number of suppliers, none of which accounts for a significant proportion of total advance payments. Sales seasonality Due to the specific nature of Group’s products, its sales present high level of seasonality. A significant part of the Group’s annual turnover is realised during the Christmas period (28%), while seasonal sales fluctuations are noted during months such as April (Easter 12% of annual turnover) and September (beginning of school period 10% of annual turnover). Sales seasonality demands rationality in working capital management specifically during peak seasons. It is probable that the Group’s inadequacy to deal effectively with seasonal needs for working capital during peak seasons may burden it with additional financial expenses and negatively affect its results and its financial position. Group’s inability to cope effectively with the increased demand during these specific periods and delays in deliveries may adversely affect its annual results. Moreover, problems may arise due to external factors such as the course of the pandemic, adverse weather conditions, transportation workers strikes or defective and dangerous products. Dependence on agents-importers The Company imports its products directly from aboard as the exclusive dealer for toy companies which do not maintain agencies in Greece. Moreover, the Company acquires its products from more than 200 suppliers which operate within the Greek market. However, the Group faces the risk of losing revenues and profits in case its cooperation with some of its suppliers terminates. Nevertheless, it is estimated that the risk of not renewing the cooperation with its suppliers is insignificant due to the leading position of JUMBO across the Group’s key markets. The potential of such a perspective would have a small effect in relation to the Group’s size since none of the suppliers represents more than 3% of the Company’s total sales. Intensity of competition between companies in the industry The sector in which the Group operates is characterised by intense competition. The Group’s main competitors include supermarkets (excluding their food departments), retailers of toys, children’s products, stationery and seasonal items, as well as corresponding online stores and international e- commerce platforms. The competitive landscape may change in the future as a result of new entrants into the markets in which the Group operates, the expansion of the physical and online networks of existing competitors, the broadening of their product ranges or changes in their commercial and pricing policies. Any intensification of competition, including, indicatively, through price wars and promotional activity, could adversely affect the Group’s sales and profitability. The Group closely monitors market developments and adjusts its strategy accordingly, with a view to maintaining and strengthening its position in a dynamically evolving environment. Issues on the supply chain 70% of the Group's products come from Asia, with China accounting for the largest share. The facts that could lead to cessation of Chinese imports (such as indicatively, embargo on Chinese imports or increased import taxes for Chinese imports or political-economic crises and personnel strikes in China,
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 16 capital controls or an epidemic) could interrupt the product supply for the Group’s selling points, resulting in a negative effect on the Group’s operations and its financial position. Having invested in increasing the number, location and size of warehouses and facilities, the Group has the opportunity to proceed with inventory storage to deal with delays in the supply chain. In addition, it is estimated that the risk of non-renewal of the cooperation with one of its suppliers is negligible due to the dominant position that Jumbo maintains across the Group’s key markets. The possibility of such a prospect would have a relatively minor impact on the Group figures as no supplier represents more than 3% of total sales. Climate change risk The assessment of climate change risk and its individual impacts is a real issue that the Group takes seriously. The Group has complied with the relevant requirements of the obligations under the new Directive 2022/2464/EU (“CSRD”), including the assessment of climate change risk and the establishment of targets and actions aimed at mitigating and adapting to these impacts, as specified in detail in the “Sustainability Statement” in Chapter I of the 2025 Annual Report. The Group continuously monitors developments and adjusts its strategy accordingly. Other external factors Geopolitical conflicts, trade or economic sanctions, changes in international trade policy, terrorist acts, public health crises, natural disasters, as well as potential financial or fiscal crises, constitute factors that cannot be predicted or controlled by the Group. The occurrence of such events may adversely affect the economic, political and social environment in the countries in which the Group operates, cause disruptions to store operations and the supply chain and, consequently, adversely affect the Group’s sales, operating costs and financial performance. D. INFORMATION ON THE COMPANY’S AND THE GROUP’S PROSPECTS JUMBO’s Business Model JUMBO’s business model is based on simplicity and a long-term perspective, with the creation of value for the consumer at its core. A key element of the model is maintaining a competitive price-to- product relationship, with pricing policy adjusted to reflect actual consumer needs and prevailing market conditions. At the same time, operational efficiency, the extensive store network, the well-developed supply chain and the significant proportion of owned infrastructure support the resilience of the business model and the Group’s long-term growth. In an environment where the retail sector is constantly evolving and being shaped by new forms of commerce, the growth of the online channel and cross-border platforms, JUMBO recognizes that market dynamics are primarily driven by consumer needs and require continuous adaptation. The systematic monitoring of prices and demand across product categories enables the Group to adjust its product mix and pricing policy, with the aim of maintaining its relationship of trust with consumers. JUMBO seeks to maintain and strengthen its leading position in its sector by serving a broad customer base with aesthetically appealing products at competitive prices, while maintaining a high- quality in-store experience. Management does not pursue sales growth at the expense of profitability, but remains continuously focused on redesigning and adapting the product range in order to drive sales growth in an efficient and sustainable manner. At the same time, the Group’s strategic objective is to further establish itself as a strong regional player in Southeastern Europe through disciplined expansion, continued investment in infrastructure and the expansion of its presence in the markets in which it operates. A strong financial position, zero bank debt and high liquidity remain key pillars of the Group’s strategy.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 17 Reinvestment in JUMBO’s Business Model With a view to reducing operating expenses, Management, where deemed commercially and financially appropriate, seeks to acquire full ownership of properties, aiming to optimize their utilization and maximise returns on invested capital. Since 2021, approximately €75 million has been invested in the acquisition of 9 previously leased stores in Greece and Romania for owner-occupation. The Company’s strategy is built around long-term resilience and continuous reinvestment. In this context, JUMBO systematically reinvests additional profits in key areas, including the development of logistics infrastructure, the upgrade of information systems and the expansion of its store network, directly supporting its objective of strengthening its regional presence. In this context, the process for the acquisition of the Giga distribution center in Romania, with a total area of approximately 60.000 sq.m., is progressing, significantly enhancing the capacity and efficiency of the country’s supply operations. At the same time, the investment in the development of a new 50.000 sq.m. distribution center in Thessaloniki is progressing. The facility is expected to be completed within 2027 and will serve Northern Greece and Bulgaria. The previously announced plan for the new distribution center in Oinofyta is currently being reassessed with regard to the timing of its implementation. This reassessment is related, among other factors, to the expansion of the cooperation with the Balfin Group and the supply model for the additional markets covered by the cooperation, which is expected to free up capacity at the Group’s existing warehousing facilities and distribution centers. The JUMBO Group is also in discussions with the Fox Group with a view to implementing the new supply model for the Israeli and Canadian markets. Investments in logistics infrastructure are continuously assessed based on the actual needs of the network, the optimal utilisation of existing capacity and disciplined capital allocation, with the aim of supporting the Group’s long-term regional expansion. Strong Store Network Presence and Expansion As at 30.06.2026, the Group operated a total of 89 hyper-stores (53 in Greece, 10 in Bulgaria, 6 in Cyprus and 20 in Romania). The expansion of the store network is being carried out at a disciplined pace and is adapted to the conditions prevailing in each market, the availability of suitable properties and the time required for the development and commencement of operations of each new store. For 2026, a new store in Baia Mare, Romania, is scheduled to commence operations in October. For 2027, new store openings are planned in Romania and Cyprus. With regard to Greece, 2027 is expected to be a transitional year in terms of the development of the Company’s store network, as the next new stores are still at the preparatory stage and are expected to commence operations from 2028 onwards. Consequently, no new hyper-store may open in Greece during 2027. It is noted that up to date, the Company has acquired properties in Chios, Kefalonia and Pyrgos, where new hyper-stores are planned to commence operations during 2028, while the development and opening of an additional hyper-store in Attica is also planned. Romania continues to represent a market with significant potential for further growth for the Group. Despite short-term macroeconomic challenges and pressure on consumer spending, the long-term objective of doubling the number of stores in the country over a ten-year horizon remains unchanged. In Bulgaria, the Group’s plans continue to include the further expansion of its network through the addition of one new hyper-store within the next two years, taking into account prevailing market conditions and available investment opportunities. At the same time, the Group is proceeding with the development of a new, more flexible “pop-
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 18 up”store format. Suitable locations have already been identified and the relevant processes are underway, with the aim of gradually opening the first stores of this format during the 2027–2028 period. Unlike a typical JUMBO hyper-store, with an average area exceeding 9.000 sq.m., the new “pop- up” stores will be smaller in scale, offer a targeted product mix and will be developed primarily in high- footfall locations and areas with significant tourist activity, thereby enhancing JUMBO’s accessibility to consumers. A key feature of the “pop-up” model is the significantly shorter time required to develop and commence operations of such a store compared with a typical hyper-store. Strengthening the Online Store The expansion of the physical store network is complemented by the strategic development of the online channel, enabling the Group to broaden its presence across the region. In this context, the Group is systematically strengthening its digital presence by investing in the upgrade of its online stores, improving the user experience and further integrating its physical and digital channels. At the same time, leveraging its existing logistics infrastructure, the Group plans to launch an online store in Hungary by the end of 2026. The new market will be served by the Group’s e-commerce distribution center in Romania, enabling the expansion of its digital presence without the need to develop additional local logistics infrastructure. The Group continues to assess opportunities to expand its digital presence into markets where it does not have a physical store network, taking into account the prevailing commercial, operational and regulatory conditions, with the aim of gradually broadening its customer base and further strengthening brand awareness across the region. External Partnerships Through partnerships, the Group has a presence through stores operating under the JUMBO brand in seven countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro and Israel). It is noted that, in August 2026, the eighth hyper-store operating under the JUMBO brand commenced operations in Israel. Fox Group holds the exclusive JUMBO franchise rights for Israel and Canada. The first JUMBO store in Canada is expected to open in Toronto by the end of 2026, provided that no unforeseen circumstances arise that could delay its opening. As part of the strategy to broaden the regional presence of the JUMBO brand, the cooperation with the BALFIN Group was extended to six new markets: Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. The new agreement builds on the existing cooperation between the two Groups in Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova, where the opening of a store is expected within 2026. At the same time, the expansion of the cooperation is accompanied by the development of a new logistics support model for the six new markets. More specifically, the BALFIN Group will establish a central logistics hub in China and will independently undertake the end-to-end management of the supply chain for these markets, from the procurement of products in China through to their storage, transportation and distribution in the respective countries. This development differentiates the supply model from that applied in the existing partner markets, which are primarily served through JUMBO’s logistics infrastructure in Greece, and limits the additional warehousing capacity requirements that would otherwise arise from the expansion of the network into the new markets. Management continues to evaluate business proposals for partnerships in markets outside the Eurozone, with the aim of expanding the regional presence of the JUMBO brand without the Group
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 19 assuming the corresponding operating and investment costs. At the same time, investments in technology, including the modernization of the ERP system, cybersecurity and the use of artificial intelligence tools, are further enhancing operational efficiency. Overall, JUMBO seeks to maintain a balanced growth model based on stability, simplicity and continuous adaptation to market conditions, gradually strengthening its position as a strong regional player and creating long-term value for shareholders, customers and the broader economy. The Group has set a target to reduce its market-based and location-based Scope 2 greenhouse gas emissions by 7,5% by 2030, compared with a 2024 base year, at Group level. Furthermore, for its operations in Greece, the Group has set a target to reduce emissions by 20% by 2030, compared with a 2023 base year. During 2025, the Group installed photovoltaic systems with a total capacity of 1.612,5 kWp under an energy netting scheme at its facilities in Romania, as also reported in the previous financial year. The photovoltaic systems installed in 2025 are expected to result in an emissions reduction of approximately 491 tonnes of CO2e. In addition, during 2026, the Group has submitted applications for the installation of a furthe 2.175,6 kWp of photovoltaic capacity at its facilities in Greece. Ε. TRANSACTIONS WITH RELATED PARTIES The most important transactions and balances between the Company and its related parties (except physical persons) on 30.06.2026, as defined in IAS 24, are as follows: Amounts in € THE GROUP THE COMPANY Sales of merchandise 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 118.973.595 120.851.664 Total - - 118.973.595 120.851.664 Sales of services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 689.248 646.034 Total - - 689.248 646.034 Sales of tangible assets and other services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 371.224 102.592 Total - - 371.224 102.592 THE GROUP THE COMPANY Purchases of merchandise 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 1.851.727 1.954.873 Total - - 1.851.727 1.954.873 Purchases of tangible assets and other services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 543.257 585.329 Other Related parties 62.562 125.388 62.562 125.388 Total 62.562 125.388 605.819 710.717 THE GROUP THE COMPANY Receivables 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Subsidiaries - - 15.952.398 7.081.906 Total - - 15.952.398 7.081.906
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 20 Liabilities 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Subsidiaries - - - 3.424.644 Total - - - 3.424.644 The above amounts have been eliminated at the Group level. The transactions with Directors and with the Board of Directors members are presented below: Transactions with Directors and Board Members THE GROUP THE COMPANY Amounts in euro 30/06/2026 30/06/2026 Wages and salaries 170.995 - Social security cost 21.984 - Compensation due to termination of employment - - Total 192.979 - Pension Benefits: 30/06/2026 30/06/2026 Other Benefits scheme - - Total - - Transactions with Directors and Board Members THE GROUP THE COMPANY Amounts in euro 30/06/2025 30/06/2025 Wages and salaries 323.493 155.990 Social security cost 45.217 24.152 Compensation due to termination of employment 4.071 4.071 Total 372.780 184.212 Pension Benefits: 30/06/2025 30/06/2025 Other Benefits scheme 121.564 121.564 Total 121.564 121.564 No loans have been given to members of Board of Directors or other management members of the Group (and their families) and there are no receivables from nor liabilities to members of Board of Directors or other management members of the Group and their families. There were no changes to transactions between the Company and the related parties that could have significant consequences on the financial position and the performance of the Group and the Company for the closing period from 01.01.2026 to 30.06.2026. F. SIGNIFICANT POST REPORTING DATE EVENTS The Group’s sales for the eight-month period of the year, from 01.01.2026 to 31.08.2026, increased by approximately 6% compared to the corresponding period last year. The Annual General Meeting of the Company’s shareholders held on 15.07.2026 resolved to distribute a dividend to shareholders from the profits of the 2025 financial year, amounting to a total of €94.055.892,70, based on the Company’s 134.365.561 shares, corresponding to a gross amount of €0,70 per share. The net amount, following the withholding of 5% tax, where applicable, amounted to €0,6650 per share, and payment to the beneficiaries commenced on 28.07.2026. Total cash distributions made during 2026 to date amounted to €161,24 million. The Board of Directors, by resolution dated 22.07.2026, approved the reduction of the share capital of the wholly-owned subsidiary “JUMBO EC.R. S.R.L.” (Romania), through a cash repayment of
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 21 RON 359,82 million, equivalent to €69,52 million. Following the above reduction, the share capital of “JUMBO EC.R. S.R.L.” amounts to RON 65,42 million. The Board of Directors, by resolution dated 04.08.2026, approved the reduction of the share capital of the wholly-owned subsidiary “JUMBO EC.B. LTD” (Bulgaria), through a cash repayment of €19,88 million. Following the above reduction, the share capital of “JUMBO EC.B. LTD” amounts to €12,43 million. There are no other subsequent events to the financial statements that affect the Group or the Company, for which disclosure due to IFRS is required. The current Six-month Report of the Board of Directors for the period 01.01.2026-30.06.2026 has been published on website at www.e-jumbo.gr (http://corporate.e-jumbo.gr/). Moschato, September 23rd, 2026 With the authorization of the Board of Directors Apostolos - Evangelos Vakakis President of the Board of Directors
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 22 JUMBO S.A. GROUP OF COMPANIES REG No. 7650/06/B/86/04- G.E.MI.No. 121653960000 Cyprou 9 and Hydras Street, Moschato Attikis CONDENSED INTERIM FINANCIAL STATEMENTS For the period from 1st January 2026 to 30th June 2026 It is confirmed that the attached Condensed Interim Financial Statements for the period 01.01.2026- 30.06.2026, are the ones approved by the Board of Directors of JUMBO S.A. on September 23rd, 2026 and available on the Company’s website www.e-jumbo.gr (http://corporate.e-jumbo.gr/) where they will remain at the disposal of investors for a period of at least ten (10) years starting from their preparation and publication date. Moschato, September 23rd, 2026 As and on behalf of Jumbo S.A. The President of the Board of Directors Apostolos - Evangelos Vakakis
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 23 IV. Condensed Interim Separate and Consolidated Financial Statements for the financial period 01.01.2026-30.06.2026 A. CONDENSED INTERIM INCOME STATEMENT OF H1 (All amounts are expressed in Euro except from shares) THE GROUP THE COMPANY Notes 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Turnover 4.1 519.257.126 497.278.437 442.358.001 423.277.839 Cost of sales (241.317.166) (229.432.255) (256.983.317) (250.350.996) Gross profit 277.939.960 267.846.182 185.374.684 172.926.843 Other income 4.3 16.679.835 12.360.944 8.980.628 5.104.698 Distribution costs 4.2 (123.400.238) (117.608.222) (75.999.412) (70.714.256) Administrative expenses 4.2 (15.004.146) (14.014.443) (10.857.942) (10.011.800) Other expenses 4.3 (7.310.864) (4.261.134) (5.103.199) (2.744.888) Profit before tax, interest and investment results 148.904.546 144.323.327 102.394.758 94.560.597 Finance costs (3.282.263) (3.330.817) (2.056.520) (2.087.888) Finance income 5.129.119 5.072.984 1.762.218 1.674.088 Other financial results - - 70.000.000 66.000.000 1.846.856 1.742.167 69.705.698 65.586.201 Profit before taxes 150.751.401 146.065.493 172.100.456 160.146.797 Income tax 4.4 (30.098.577) (28.883.349) (22.564.366) (20.773.192) Profits after income tax 120.652.824 117.182.144 149.536.090 139.373.605 Attributable to: Shareholders of the parent company 120.652.824 117.182.144 149.536.090 139.373.605 Non-controlling Interests - - - - Basic earnings per share (€/share) 4.5 0,8979 0,8715 1,1129 1,0366 Earnings before interest, tax investment results depreciation and amortization 169.927.311 165.352.664 114.042.425 105.875.745 Earnings before interest, tax and investment results 148.904.546 144.323.327 102.394.758 94.560.597 Profit before tax 150.751.401 146.065.493 172.100.456 160.146.797 Profit after tax 120.652.824 117.182.144 149.536.090 139.373.605 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 24 B. CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME OF H1 (All amounts are stated in Euro) THE GROUP THE COMPANY 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Net profit (loss) for the period 120.652.824 117.182.144 149.536.090 139.373.605 Items not to be classified subsequently in the income statement: Actuarial Gains/ (Losses) - - - - Deferred taxes on actuarial gains/ (losses) - - - - - - - - Items that might be classified subsequently in the income statement: Gain / (Losses) on measurement of financial assets at fair value through other comprehensive income 4.373.767 4.425.949 - - Exchange differences on translation of foreign operations (11.655.964) (8.983.510) - - (7.282.197) (4.557.561) - - Other comprehensive income for the period after tax (7.282.197) (4.557.561) - - Total comprehensive income for the period 113.370.627 112.624.583 149.536.090 139.373.605 Total comprehensive income for the period attributed to : Owners of the Parent 113.370.627 112.624.583 149.536.090 139.373.605 Non-controlling Interests - - - - The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 25 C. CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (All amounts are stated in Euro unless otherwise mentioned. Any differences in the sums are due to rounding.) THE GROUP THE COMPANY Notes 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Non-current Assets Property, plant and equipment 4.6 708.821.720 724.180.144 342.348.059 338.254.559 Right of use assets 4.6 62.247.568 66.167.675 44.685.759 49.197.458 Investment property 4.7 16.341.888 17.823.537 6.149.140 1.271.072 Investments in subsidiaries 4.8 - - 136.688.434 147.514.056 Financial assets at fair value through other comprehensive income 4.9.1 27.095.926 31.710.709 - - Other long term receivables 4.10 12.618.603 8.142.372 5.337.976 5.554.751 Long term restricted bank deposits 4.14 7.900.000 9.100.000 - - 835.025.705 857.124.437 535.209.370 541.791.896 Current Assets Inventories 325.764.610 310.497.568 232.471.805 229.846.997 Trade debtors and other trade receivables 4.11 86.024.991 75.235.066 101.436.376 84.079.821 Other receivables 4.12 81.968.051 82.384.847 77.498.386 76.289.225 Other current assets 4.13 15.037.773 7.548.284 4.209.101 5.564.359 Short term restricted bank deposits 4.14 1.758.205 2.970.452 - Cash and cash equivalents 4.15 546.140.091 536.668.758 234.183.560 180.572.205 1.056.693.721 1.015.304.975 649.799.229 576.352.607 Non-current assets held for sale - - - - Total assets 1.891.719.426 1.872.429.412 1.185.008.598 1.118.144.503 Equity and Liabilities Equity attributable to the shareholders of the parent Share capital 4.16.1 118.241.694 118.241.694 118.241.694 118.241.694 Share premium reserve 4.16.2 50.026.742 50.026.742 50.026.742 50.026.742 Translation reserve (42.669.121) (31.013.157) - - Other reserves 4.16.2 397.518.844 460.327.857 381.620.209 448.775.755 Retained earnings 1.099.441.694 978.788.869 415.577.088 264.722.174 1.622.559.853 1.576.372.006 965.465.733 881.766.364 Non-controlling Interests - - - - Total equity 1.622.559.853 1.576.372.006 965.465.733 881.766.364 Non-current liabilities Liabilities for pension plans 10.320.440 9.926.965 10.167.769 9.774.294 Long-term lease liabilities 4.17 52.809.612 58.336.181 41.871.774 47.089.340 Other long term liabilities 4.18 8.453.812 10.815.285 312.919 53.876 Deferred tax liabilities 4.19 6.190.599 6.111.104 6.234.487 6.170.043 Provisions 592.248 592.248 592.248 592.248 Total non-current liabilities 78.366.711 85.781.783 59.179.196 63.679.801 Current liabilities Trade and other payables 4.20 36.271.075 47.372.863 35.071.486 46.803.561 Current tax liabilities 4.21 101.194.223 100.789.097 83.456.116 73.889.918 Short-term lease liabilities 4.17 9.437.403 8.096.075 6.325.849 6.392.617 Other current liabilities 4.22 43.890.161 54.017.588 35.510.218 45.612.241 Total current liabilities 190.792.863 210.275.623 160.363.668 172.698.337 Total liabilities 269.159.574 296.057.406 219.542.864 236.378.138 Total equity and liabilities 1.891.719.426 1.872.429.412 1.185.008.597 1.118.144.502 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 26 D. CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - CONSOLIDATED For the period from 1st January 2026 to 30th June 2026 (All amounts are stated in Euro unless otherwise mentioned) THE GROUP Share Capital Share Premium Reserve Translation Reserve Statutory Reserve Fair Value Reserve Tax- free reserves Extraordinary reserves Other reserves Retained earnings Total Equity Balances as at 1st January 2026, according to the IFRS 118.241.694 50.026.742 (31.013.157) 53.813.851 11.511.124 1.797.944 393.438.235 (233.297) 978.788.869 1.576.372.006 Changes in Equity Dividends paid - - - - - - (67.182.781) - - (67.182.781) Statutory Reserve - - - - - - - - - - Extraordinary Reserves - - - - - - - - - - Transactions with owners - - - - - - (67.182.781) - - (67.182.781) Net profit for the period 01/01/2026-30/06/2026 - - - - - - - - 120.652.826 120.652.826 Other comprehensive income Exchange differences on transaction of foreign operations - - (11.655.964) - - - - - - (11.655.964) Deferred tax due to change of tax rate - - - - - - - - - - Profit / (Loss)from the measurement of financial assets at fair value through other comprehensive income - - - - 4.373.767 - - - - 4.373.767 Other comprehensive income - - (11.655.964) - 4.373.767 - - - - (7.282.197) Total comprehensive income for the period - - (11.655.964) - 4.373.767 - - - 120.652.826 113.370.629 Balance as at June 30th, 2026 according to IFRS 118.241.694 50.026.742 (42.669.121) 53.813.851 15.884.891 1.797.944 326.255.455 (233.297) 1.099.441.694 1.622.559.853 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 27 For the period from 1st January 2025 to 30th June 2025 (All amounts are stated in Euro unless otherwise mentioned) THE GROUP Share Capital Share Premium Reserve Translation Reserve Statutory Reserve Fair Value Reserve Tax- free reserves Extraordinary reserves Other reserves Retained earnings Total Equity Balances as at 1st January 2025, according to the IFRS 119.732.588 50.026.742 (20.114.920) 53.786.617 2.385.579 1.797.944 297.437.325 (24.518.781) 927.610.688 1.408.143.782 Changes in Equity Dividends paid - - - - - - (63.499.090) - - (63.499.090) Statutory Reserve - - - - - - - - - - Share Buyback - - - - - - - (19.397.277) - (19.397.277) Extraordinary Reserves - - - - - - - - - - Transactions with owners - - - - - - (63.499.090) (19.397.277) - (82.896.366) Net profit for the period 01/01/2025-30/06/2025 - - - - - - - - 117.182.144 117.182.144 Other comprehensive income Exchange differences on transaction of foreign operations - - (8.983.510) - - - - - - (8.983.510) Deferred tax due to change of tax rate - - - - - - - - - - Profit / (Loss)from the measurement of financial assets at fair value through other comprehensive income - - - - 4.425.949 - - - - 4.425.949 Other comprehensive income - - (8.983.510) - 4.425.949 - - - - (4.557.560) Total comprehensive income for the period - - (8.983.510) - 4.425.949 - - - 117.182.144 112.624.584 Balance as at June 30th, 2025 according to IFRS 119.732.588 50.026.742 (29.098.430) 53.786.617 6.811.528 1.797.944 233.938.235 (43.916.058) 1.044.792.832 1.437.871.999 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 28 E. CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY OF THE PARENT - COMPANY For the period from 1st January 2026 to 30th June 2026 (All amounts are stated in Euro unless otherwise mentioned) THE COMPANY Share Capital Share Premium Reserve Statutory Reserve Tax- free reserves Extraordinary reserves Other reserves Retained earnings Total Equity Balances as at 1st January 2026, according to the IFRS 118.241.694 50.026.742 53.786.617 1.797.944 393.438.235 (247.041) 264.722.174 881.766.364 Changes in Equity Changes in Equity (absorption HERALD2) - - - - - - 1.318.825 1.318.825 Dividends paid - - - - (67.182.781) - - (67.182.781) Statutory Reserve - - 27.234 - - - - 27.234 Extraordinary Reserves - - - - - - - - Transactions with owners - - 27.234 - (67.182.781) - 1.318.825 (65.836.722) Net profit for the period 01/01/2026-30/06/2026 - - - - - - 149.536.090 149.536.090 Other comprehensive income Actuarial gains / (losses) on defined benefit pension plans - - - - - - - - Deferred tax due to change of tax rate - - - - - - - - Other comprehensive income - - - - - - - - Total comprehensive income for the period - - - - - - 149.536.090 149.536.090 Balance as at June 30th 2026 according to IFRS 118.241.694 50.026.742 53.813.851 1.797.944 326.255.455 (247.041) 415.577.088 965.465.733 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 29 For the period from 1st January 2025 to 30th June 2025 (All amounts are stated in Euro unless otherwise mentioned) THE COMPANY Share Capital Share Premium Reserve Statutory Reserve Tax- free reserves Extraordinary reserves Other reserves Retained earnings Total Equity Balances as at 1st January 2025, according to the IFRS 119.732.588 50.026.742 53.786.617 1.797.944 297.437.325 (24.546.916) 280.882.978 779.117.277 Changes in Equity Dividends paid - - - - (63.499.090) - - (63.499.090) Statutory Reserve - - - - - - - - Share Buyback - - - - - (19.397.277) - (19.397.277) Extraordinary Reserves - - - - - - - - Transactions with owners - - - - (63.499.090) (19.397.277) - (82.896.366) Net profit for the period 01/01/2025-30/06/2025 - - - - - - 139.373.605 139.373.605 Other comprehensive income Actuarial gains / (losses) on defined benefit pension plans - - - - - - - - Deferred tax due to change of tax rate - - - - - - - - Other comprehensive income - - - - - - - - Total comprehensive income for the period - - - - - - 139.373.605 139.373.605 Balance as at June 30th 2025 according to IFRS 119.732.588 50.026.742 53.786.617 1.797.944 233.938.235 (43.944.193) 420.256.583 835.594.517 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 30 F. CONDENSED INTERIM STATEMENT OF CASH FLOWS (All amounts are stated in Euro unless otherwise mentioned.) THE GROUP THE COMPANY Indirect Method Notes 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Cash flows from operating activities Cash flows from operating activities 4.23 99.793.488 56.669.882 70.416.680 24.447.789 Interest paid (2.285.855) (1.628.487) (2.056.520) (978.916) Tax paid (17.862.749) (20.439.252) (12.626.298) (13.502.352) Net cash flows from operating activities 79.644.884 34.602.144 55.733.862 9.966.520 Cash flows from investing activities Acquisition of tangible and intangible assets (5.902.179) (13.805.597) (2.825.201) (10.588.719) Receipts from sale of tangible and intangible assets 1.250.967 110.602 1.250.967 105.473 Subsidiary dividends received 1.429.214 1.344.028 70.000.000 66.000.000 Proceeds from investments held-to- maturity 9.278.331 - - - Purchase of Subsidiaries (3.216.723) (1.200.000) - - Interest received 4.799.219 4.177.921 1.762.218 1.674.088 Net cash flows from investing activities 7.638.830 (9.373.045) 70.187.985 57.190.842 Cash flows from financing activities Dividends paid to owners of the Parent (67.163.496) (63.499.090) (67.163.496) (63.499.090) Share Buyback - (19.397.277) - (19.397.277) Lease repayments (5.126.199) (3.912.464) (4.474.272) (3.156.430) Interest paid for leases (1.627.583) (1.498.780) (810.062) (935.600) Net cash flows from financing activities (73.917.278) (88.307.611) (72.447.830) (86.988.397) Increase/(decrease) in cash and cash equivalents (net) 13.366.436 (63.078.512) 53.474.017 (19.831.034) Cash and cash equivalents in the beginning of the year 539.501.872 447.811.234 180.572.205 159.157.382 Cash and cash equivalents from absorption of subsidiaries 137.338 - 137.338 - Exchange difference on cash and cash equivalents (5.107.352) (3.610.907) - - Cash and cash equivalents at the end of the period 547.898.294 381.121.814 234.183.560 139.326.348 Cash and cash equivalents 546.140.091 379.339.193 234.183.560 139.326.348 Short term restricted bank deposits 1.758.205 1.782.621 - - Other current financial assets - - - Total 547.898.294 381.121.814 234.183.560 139.326.348 The accompanying notes constitute an integral part of the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 31 G. SELECTED EXPLANATORY NOTES TO THE INTERIM SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 JUNE 2026 1. Information The interim condensed separate and consolidated Financial Statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). JUMBO is a trading company, established according to the Greek Legislation. Reference made to the “COMPANY” or “JUMBO S.A.” indicates, unless otherwise stated in the text, the Group “JUMBO” and its fully consolidated subsidiary companies. The Company’s distinctive title is “JUMBO” and it has been registered in its articles of incorporation as well as at the department for trademarks of the Ministry of Development as a brand name for JUMBO products and services under number 127218, with protection period upon extension until 27.07.2032. The Company was incorporated in 1986 (Government Gazette 3234/26.11.1986) and its term was set as that of thirty (30) years. According to the decision of the Extraordinary General Meeting of the shareholders dated 3/5/2006, approved by the decision of the Ministry of Development N. K2-6817/9.5.2006, the term of the company was extended to seventy years (70) from the date of its registration in the Registry of Societes Anonymes. Initially, the Company’s registered office was located in the Municipality of Glyfada, at. 11 Angelou Metaxa street. According to the same aforementioned decision as of 03.05.2006 of the Extraordinary General Meeting of shareholders, approved by the decision of the Ministry of Development N. K2- 6817/9.5.2006, the registered office of the company was transferred to the Municipality of Moschato, Attica region, and, specifically, to 9 Cyprou street and Hydras, PC 183 46, where its headquarters are located. The Company is registered in the Registry of Societes Anonymes of the Ministry of Development, Department of Societes Anonymes and Credit, under No 7650/06/Β/86/04, while the Company’s registration number at the General Electronic Commercial Registry (G.E.MI.) is 121653960000. The Company operates in compliance with the provisions of Law 4548/2018. The Condensed Interim Financial Statements for the period ended 30th June 2026 (01.01.2026-30.06.2026) were approved by the Board of Directors on 23rd September, 2026. Any differences in the sums are due to rounding. 2. Company’s Activity The main activity of the Company is the retail sale of toys, baby products, seasonal items, home decoration products, stationery and other related products. A small part of its activities also relates to the wholesale of toys and related products to third parties. Under the applicable classification of economic activities, the Company’s principal activity corresponds to Business Activity Code (KAD) 47640000 – Retail sale services of toys of all kinds. The Company has been listed since 19 June 1997 and its shares are traded on the Main Market of Euronext Athens. Under the FTSE Russell Industry Classification Benchmark (ICB), the Company is classified under sector 40401010 – Diversified Retailers. The Company’s shares are included in the FTSE/ATHEX Large Cap Index, as well as in other stock market indices.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 32 As of 21 September 2026, the Greek equity market is classified by FTSE Russell as a Developed Market, compared with its previous classification as an Advanced Emerging Market. The reclassification was implemented as part of the September 2026 semi-annual review of the FTSE Global Equity Index Series (FTSE GEIS) and, accordingly, Greek listed companies are now considered part of the Developed Europe region. Within 40 years of its operation, the Company has become one of the largest retail companies in its core countries of operation. At 30.06.2026 the Company operated 89 stores in Greece, Cyprus, Bulgaria and Romania and the on line store e-jumbo in Greece, Cyprus, Bulgaria and Romania. Furthermore, through partnerships, as at 30.06.2026, the Company had presence in other countries through stores that operate under the Jumbo brand, in North Macedonia - seven stores, Albania - eight stores, Kosovo- eight stores, Serbia - six stores, Bosnia - seven stores, Montenegro – four stores and Israel- six stores. On 30th June 2026, the Group employed 6.986 persons, of whom 6.181 as permanent staff and 805 as seasonal staff. The average number of employees for the closing period, 01.01.2026 έως 30.06.2026, was 6.647 persons (6.119 as permanent and 528 as seasonal staff). 3. Framework for the Preparation of Financial Statements The attached condensed interim financial statements of the Group and of the Company (henceforth Condensed Interim Financial Statements) dated as of June 30th, 2026, for the period from January 1st 2026 to June 30th 2026 have been prepared according to the historical cost convention (except for the financial assets at fair value through other comprehensive income), the going concern principle and are in compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), as well as their interpretations issued by the IFRS Interpretations Committee (I.F.R.I.C.) of IASB, as adopted by the European Union, and in particular, in accordance with IAS 34 "Interim Financial Reporting" on interim condensed financial statements. The condensed interim financial statements contain limited information in relation to those of the annual financial statements and must be read in conjunction with the annual financial statements of the Company and the Group as at 31 December 2025, which are available on the Company’s website at www.e-jumbo.gr (http://corporate.e-jumbo.gr/). The presentation currency is the Euro (currency of the country of operation of the Parent Company) and all amounts are reported in Euros, unless otherwise stated. The preparation of financial statements according to International Financial Reporting Standards (IFRS) requires the use of accounting estimates and judgments by management in applying the Group's accounting principles. Significant assumptions made by the Management regarding the application of the Company’s accounting principles and methods have been highlighted wherever deemed necessary. Management estimates and judgments are continuously evaluated and are based on empirical data and other factors, including expectations for future events considered as predictable under reasonable circumstances. During the preparation of the condensed interim Financial Statements, the significant accounting estimates and judgments adopted by the Management for the application of the accounting principles of the Group, are consistent with those applied in the annual financial statements for the financial year 01.01.2025-31.12.2025. The accounting principles used for the preparation of the condensed interim Financial Statements are in accordance with those used for the preparation of the annual financial statements for the financial year
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 33 01.01.2025-31.12.2025, except for the adoption of new and amended accounting standards and interpretations effective as of 1 January 2026 (See Notes 3 and 4 to the interim Financial Statements). Also, the main sources of uncertainty, which existed during the preparation of the Financial Statements of the financial year ended 31.12.2025 remained the same for the condensed interim Financial Statements of the period ended 30.06.2026. 3.1. Changes in Accounting Policies 3.1.1 New Standards, Interpretations, Revisions and Amendments to existing Standards that are effective and have been adopted by the European Union. New Standards, amendments of Standards and interpretations have been issued and their application is mandatory for accounting periods starting on January 1st, 2026. The Group evaluates the effect of the new Standards, amendments and interpretations as follows: Εffective for periods beginning on or after Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 Financial Instruments and IFRS 7) 1 January 2026 Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7) 1 January 2026 Annual Improvements to IFRS Accounting Standards – Volume 11 1 January 2026 Amendments to the Classification and Measurement of Financial Instruments (IFRS 9 and 7) On 30 May 2024, the International Accounting Standards Board (IASB) issued Amendments to the Classification and Measurement of Financial Instruments which amended IFRS 9 and IFRS 7. The Amendments introduce requirements: when to recognise financial liabilities settled through electronic transfers; relating to the classification of financial assets including elements of interest in a basic lending arrangement, change in timing or amount of contractual cash flows, non-recourse features and investments in contractually linked instruments; and disclosure requirements relating to investments in equity instruments designated at fair value through other comprehensive income and contractual terms that could change the timing or amount of contractual cash flows. When applying the Amendments, an entity is not permitted to restate comparative information. These Amendments have had no material effect on the interim condensed consolidated financial statements. Annual Improvements to IFRS Accounting Standards – Volume 11 In July 2024, the IASB issued a few narrow scope Amendments as part of its ongoing maintenance of IFRS Accounting Standards. These changes mainly clarify requirements, simplify drafting and address minor inconsistencies across IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 7 Financial Instruments: Disclosures (including its implementation guidance), IFRS 9 Financial
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 34 Instruments, IFRS 10 Consolidated Financial Statements and IAS 7 Statement of Cash Flows. These Amendments have had no material effect on the interim condensed consolidated financial statements. Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7) On 18 December 2024, the IASB issued Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7). These amendments: clarifies the application of the ‘own-use’ requirements; provides hedge-accounting requirements for such contracts; and X requires additional disclosure requirements. These Amendments have had no material effect on the interim condensed consolidated financial statements since Group has no contracts referencing nature-dependent electricity in the scope of the amendments. 3.1.2 New Standards, Interpretations and amendments to existing Standards which have not been applied yet or have not been adopted by the European Union The following new Standards, amendments and interpretations have been issued and are effective for accounting periods starting on or after 1 January, 2026 or have not been adopted by the European Union and no earlier application has been adopted by the Group. The Group shall assess the future impact of the amendments in its Financial Statements. Εffective for periods beginning on or after IFRS 18 Presentation and Disclosure in Financial Statements 1 January 2027 IFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 The Group is not intending to voluntarily apply any of the above pronouncements in annual financial statements of earlier period. 3.2. The Group Structure and method of consolidation The companies included in the full consolidation of JUMBO S.A. are the following: Parent Company: The Societe Anonyme under the title «JUMBO SA» and the distinctive title «JUMBO» was founded in 1986, with current headquarters in Moschato, Attica region (9 Cyprus and Hydras street), has been listed since 1997 on the Athens Exchange and is registered in the Registry for Societes Anonymes of the Ministry of Development with reg. no. 7650/06/Β/86/04 while the Company’s number at the General Electronic Commercial Registry (G.E.MI.) is 121653960000. The company has been classified in the Main Market category of the Athens Exchange. Subsidiary companies: 1. The subsidiary company under the title «JUMBO TRADING LTD» is a Cypriot limited liability company. It was founded in 1991. Its headquarters are in Nicosia, Cyprus (Avenue Avraam Antoniou 9, Kato Lakatamia of Nicosia). It is registered in the Cyprus Companies’ Register, under number Ε 44824. It
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 35 operates in Cyprus and has the same objective as the Parent, which is retail trade of toys and related items. The parent company holds 100% of its shares and its voting rights. 2. The subsidiary company in Bulgaria under the title «JUMBO EC.B. LTD» was founded on the 1st of September 2005 as a Single-member Limited Liability Company under the Registration Number 96904, book 1291, of the First Instance Court of Sofia and according to the conditions of the Special Law, under number 115. Its headquarters are in Sofia, Bulgaria (Bul. Bulgaria 51, Sofia 1404). The parent company holds 100% of its shares and voting rights. 3. The subsidiary company in Romania under the title «JUMBO EC.R. S.R.L.» was founded on the 9th of August 2006 as a Limited Liability Company (srl) under Registration Number J40/7122/2013 of the Trade Register, with registered office in Bucharest, district 3, Theodor Pallady Avenue, number 51, Centrul de Calcul building 5th floor. The parent company holds 100% of its shares and voting rights. 4. GEOFORM LIMITED is a subsidiary of JUMBO TRADING LTD which holds a 100% stake of its share capital. The company registered office is in Nicosia, of Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatamia of Nicosia). The company was founded on 13.03.2015. 5. NIVAMO PROPERTIES LIMITED is a subsidiary of JUMBO TRADING LTD which holds a 100% stake of its share capital. The company registered office is in Nicosia, of Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatamia of Nicosia). The company was acquired on 30.06.2023. The Group companies, included in the consolidated financial statements and the consolidation method are the following: Consolidated Subsidiary Percentage and Participation Headquarters Activity Consolidation method JUMBO TRADING LTD 100% Direct Cyprus Commercial Full Consolidation JUMBO EC.B LTD 100% Direct Bulgaria Commercial Full Consolidation JUMBO EC.R SRL 100% Direct Romania Commercial Full Consolidation GEOFORM LIMITED 100% Indirect Cyprus Investment Full Consolidation NIVAMO PROPERTIES LIMITED 100% Indirect Cyprus Investment Full Consolidation
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 36 During the first half of 2026, the deregistration of “HERALD HELLAS SINGLE-MEMBER SOCIÉTÉ ANONYME FOR REAL ESTATE DEVELOPMENT AND SERVICES 2” from the Greek General Commercial Registry (G.E.MI.) was completed. Furthermore, the merger by absorption of Indene Properties Limited, Ingane Properties Limited and Introserve Properties Limited by JUMBO Trading Limited was approved, with no material impact expected on the Group’s financial position, financial performance or operations.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 37 4. Notes to the Financial Statements 4.1 Segment Reporting The Group recognizes four geographical segments: Greece, Cyprus, Bulgaria and Romania as operating segments. The above segments are used by the Group management for internal reporting purposes. Management’s strategic decisions are based on the operating results of each reported segment, which are used for the measurement of productivity. In the segment “Greece” the Company’s Management also monitors the sales from Greece to North Macedonia and Serbia based on the commercial agreement with the independent customer Veropoulos Dooel, the sales from Greece to Albania, Kosovo, Bosnia and Montenegro based on the commercial agreement with the independent customer Kid Zone Sh.p.k and from Greece to Israel based on the commercial agreement with the independent customer Fox Group. The total sales of the Company to North Macedonia, Albania, Kosovo, Serbia, Bosnia, Montenegro and Israel for the period 01.01.2026- 30.06.2026 reached the amount of € 43.203 k (01.01.2025-30.06.2025: € 38.290 k). Results of the Group per segment for the first six months of the current financial year are as follows: 01/01/2026-30/06/2026 (amounts in €) Greece Cyprus Bulgaria Romania Total Sales 442.358.001 57.358.489 48.508.943 91.857.016 640.082.449 Intragroup Sales (118.531.251) (246.380) (300.716) (1.746.975) (120.825.322) Total net sales 323.826.750 57.112.109 48.208.227 90.110.041 519.257.126 Cost of sales (147.045.031) (27.647.958) (22.204.944) (44.419.232) (241.317.166) Gross Profit 176.781.718 29.464.151 26.003.283 45.690.808 277.939.960 Other operating income/expenses 3.877.428 2.255.717 (373.797) 3.609.622 9.368.970 Administrative / Distribution expenses (86.857.354) (11.305.741) (11.072.410) (29.168.880) (138.404.384) Profit before tax, interest and investment results 93.801.792 20.414.127 14.557.076 20.131.551 148.904.545 Finance Costs, net (294.302) 585.215 65.473 1.490.469 1.846.856 Earnings before tax 93.507.490 20.999.342 14.622.549 21.622.020 150.751.401 Depreciation and amortization (11.718.262) (2.374.074) (1.966.789) (5.034.208) (21.093.332) Group’s results per segment for the financial period 01.01.2025- 30.06.2025 are as follows: 01/01/2025-30/06/2025 (amounts in €) Greece Cyprus Bulgaria Romania Total Sales 423.277.839 55.347.394 43.940.669 97.519.072 620.084.974 Intragroup Sales (120.851.664) (391.842) (423.452) (1.139.579) (122.806.537) Total net sales 302.426.175 54.955.552 43.517.217 96.379.493 497.278.437 Cost of sales (138.287.306) (26.477.025) (19.757.961) (44.909.964) (229.432.255) Gross Profit 164.138.869 28.478.527 23.759.257 51.469.530 267.846.182 Other operating income/expenses 2.359.810 2.095.632 699.870 2.944.498 8.099.810 Administrative / Distribution expenses (80.726.056) (10.535.804) (10.461.061) (29.899.744) (131.622.665) Profit before tax, interest and investment results 85.772.622 20.038.355 13.998.066 24.514.284 144.323.327 Finance Costs, net (413.799) 634.707 (34.302) 1.555.562 1.742.167
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 38 Earnings before tax 85.358.823 20.673.061 13.963.764 26.069.845 146.065.493 Depreciation and amortization (11.327.092) (2.396.665) (1.929.340) (5.387.050) (21.040.147) The allocation of consolidated assets and liabilities to business segments for the fiscal period 01.01.2026- 30.06.2026 and the financial year 01.01.2025-31.12.2025 is analysed as follows: 30/6/2026 (amounts in €) Greece Cyprus Bulgaria Romania Total Non-current Assets 398.520.934 146.466.121 78.391.073 211.647.577 835.025.706 Current Assets 626.729.249 134.569.490 71.797.495 223.597.487 1.056.693.721 Consolidated Assets 1.025.250.184 281.035.611 150.188.568 435.245.064 1.891.719.427 Non-current Liabilities 59.179.196 12.164.516 6.456.385 566.613 78.366.711 Current Liabilities 160.621.164 12.232.819 7.233.530 10.705.349 190.792.863 Consolidated Liabilities 219.800.361 24.397.335 13.689.915 11.271.962 269.159.574 31/12/2025 (amounts in €) Greece Cyprus Bulgaria Romania Other Total Non-current Assets 394.277.840 153.743.913 80.313.405 219.254.664 9.534.616 857.124.437 Current Assets 569.699.911 108.174.961 57.479.552 279.092.340 858.212 1.015.304.975 Consolidated Assets 963.977.750 261.918.874 137.792.957 498.347.004 10.392.828 1.872.429.412 Non-current Liabilities 61.872.088 14.723.061 6.719.659 2.209.348 257.628 85.781.783 Current Liabilities 169.201.485 12.713.794 10.806.301 17.453.108 100.935 210.275.623 Consolidated Liabilities 231.073.573 27.436.855 17.525.960 19.662.456 358.563 296.057.406 Group’s fixed asset additions (amounts in €) 30/06/2026 31/12/2025 Greece 2.825.201 29.107.865 Cyprus 909.730 1.827.926 Bulgaria 223.601 354.958 Romania 1.943.647 7.086.466 Total 5.902.179 38.377.195 The Group’s main activity is retail sale of toys, infant supplies, seasonal items, home products, books and stationery.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 39 The sales per type of product for the first half of the current fiscal year are as follows: Sales per product type for the period 01/01/2026-30/06/2026 Product Type Sales in € Percentage Toy 99.762.587 19,21% Baby products 13.756.619 2,65% Stationery 31.481.717 6,06% Seasonal 96.039.813 18,50% Home products 234.171.457 45,10% Snacks, candies and other mini-market products 43.488.565 8,38% Other 556.368 0,11% Total 519.257.126 100,00% The sales per type of product for the period 01.01.2025- 30.06.2025 are as follows: Sales per product type for the period 01/01/2025-30/06/2025 Product Type Sales in € Percentage Toy 94.968.286 19,10% Baby products 13.650.309 2,75% Stationery 31.276.159 6,29% Seasonal 95.545.230 19,21% Home products 219.212.632 44,08% Snacks, candies and other mini-market products 41.792.130 8,40% Other 833.691 0,17% Total 497.278.437 100% 4.2 Distribution and Administrative Expenses Distribution and administrative expenses are analysed as follows: (amounts in euro) THE GROUP THE COMPANY Distribution expenses 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Provision for compensation of personnel due to retirement 114.842 127.763 114.842 127.763 Payroll expenses 62.809.971 59.063.252 38.188.859 35.347.102 Third party expenses and fees 2.448.312 2.799.204 245.302 283.320 Services received 10.166.608 9.546.559 6.023.745 5.884.712 Assets repair and maintenance cost 2.289.588 2.186.731 1.710.662 1.716.342 Rentals 2.629.711 3.084.007 1.739.362 2.216.901 Taxes and duties 3.524.314 2.831.089 1.893.505 1.402.570 Advertising 3.871.649 4.724.556 3.023.070 2.903.860 Other various expenses 11.832.383 9.328.955 9.597.455 7.496.851 Packaging materials & consumables 3.249.535 3.542.551 1.983.831 2.180.644 Depreciation of tangible and intangible assets 20.463.326 20.373.556 11.478.779 11.154.193 Total 123.400.238 117.608.222 75.999.412 70.714.256
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 40 (amounts in euro) THE GROUP THE COMPANY Administrative expenses 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Provision for compensation of personnel due to retirement 76.561 85.175 76.561 85.175 Payroll expenses 7.116.116 7.400.127 5.767.666 6.219.780 Third party expenses and fees 2.168.902 1.393.381 1.989.217 1.249.651 Services received 2.358.985 1.775.209 1.288.785 735.438 Assets repair and maintenance cost 777.767 692.167 451.585 365.070 Rentals 39.669 124.484 5.399 5.055 Taxes and duties 177.912 187.588 123.735 151.836 Advertising 3.937 3.766 3.937 3.766 Other various expenses 1.654.289 1.789.111 911.574 1.023.130 Depreciation of tangible and intangible assets 630.008 563.434 239.482 172.900 Total 15.004.146 14.014.443 10.857.942 10.011.800 4.3 Other operating income and expenses Other operating income and expenses pertain to income or expenses from the operating activity of the Group and of the Company. Their analysis is as follows: (amounts in €) THE GROUP THE COMPANY Other operating income 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Income from related activities 14.496.988 12.201.807 6.797.781 4.945.560 Other operating income 2.182.847 159.138 2.182.847 159.138 Total 16.679.835 12.360.944 8.980.628 5.104.698 Other operating expenses Other provisions 1.659.589 1.499.105 1.176.028 1.068.011 Property tax 5.651.276 2.762.030 3.927.172 1.676.877 Total 7.310.864 4.261.134 5.103.199 2.744.888 “Other operating expenses” line item for the period ended on 30.06.2026 includes an amount of € 1.810.775 (01.01.2025-30.06.2025: €1.598.803), which pertains to losses from destruction or /and impairment of obsolete inventories for the Company (01.01.2025-30.06.2025: € 1.576.890). 4.4 Income tax The income tax for the year 01.01.2026- 30.06.2026 was calculated at the rate of 22% on profits of the parent. The income tax was calculated at 10% on average, on the profits of the subsidiary JUMBO EC.B. LTD in Bulgaria and at 16% on profits of the subsidiary JUMBO EC.R SRL in Romania. Effective January 1, 2026, the standard corporate income tax (CIT) rate in Cyprus has increased to 15%. The Group falls within the scope of the Pillar Two rules (the global proposal against tax base erosion or "GloBE"). On 5 April 2024, the Government of Greece, where the Company is domiciled, enacted the Pillar Two legislation on income tax with effect from 1 January 2024 (Law 5100/2024). The Group has assessed its exposure to additional tax under the Pillar II rules and the expected amount of additional tax is 4% - 5% in Bulgaria (JUMBO EC.B.) on pre-tax profits. Based on this assessment, the Group has calculated additional income taxes in relation to the profits of subsidiary operations in Bulgaria, where the effective tax rate for Pillar 2 purposes is expected to be
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 41 below 15%. Specifically, as at 30 June 2026, additional income tax of € 531 thousand (30 June 2025: € 754 thousand for Cyprus and Bulgaria) has been recognised in the condensed income statement and statement of comprehensive income for Pillar two purposes, which concerns Bulgaria. The provision for income taxes disclosed in the condensed interim financial statements is analysed as follows: THE GROUP THE COMPANY (amounts in €) 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Current Income tax 29.494.051 28.147.293 22.499.922 20.795.679 Deferred income tax 73.705 (17.724) 64.444 (22.486) Income tax-Pillar II 530.821 753.780 - - Total income tax 30.098.577 28.883.349 22.564.366 20.773.192 4.5 Earnings per share The analysis of basic earnings per share for the Group and the Company is as follows: Basic earnings per share THE GROUP THE COMPANY Amounts in € 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Earnings attributable to the shareholders of the parent 120.652.824 117.182.144 149.536.090 139.373.605 Weighted average number of shares 134.365.561 134.454.128 134.365.561 134.454.128 Basic earnings per share (euro per share) 0,8979 0,8715 1,1129 1,0366 Earnings / (losses) per share were calculated based on the allocation of profits / (losses) after tax, on the weighted average number of shares of the parent company. As of 30.06.2026, the Company’s basic earnings per share were affected by the amount of €70 million, which relates to dividend from the 100% subsidiary “JUMBO ECR SRL” to the parent company JUMBO S.A. As of 30.06.2025, the Company’s basic earnings per share were affected by the amount of €66 million, which relates to dividends from the 100% subsidiaries “JUMBO TRADING LTD”, “JUMBO ECB Ltd” and “JUMBO ECR SRL” to the parent company JUMBO S.A. On a comparable basis, excluding the impact of dividends, the Company’s earnings per share amounted to € 0,5919, compared with €0,5461 in the corresponding period of the previous year. The Annual General Meeting of the Company’s shareholders, held on 9 July 2025, resolved, inter alia, to cancel, pursuant to Article 49 of Law 4548/2018, 1,694,198 treasury shares with a nominal value of €0,88 each, resulting in a corresponding reduction of the Company’s share capital by €1.490.894,24 and the respective amendment of Article 5A (“Share Capital – Shares”) of the Company’s Articles of Association. The aforementioned shares were acquired during the period from 1 October 2024 to 27 March 2025, at an average purchase price of €25,4191 per share, under the Share Buyback Program approved by the General Meeting of Shareholders on 26 September 2024. Following the above share capital reduction resulting from the cancellation of the 1.694.198 treasury shares, the Company’s share capital amounts to €118,241,693.68, divided into 134.365.561 ordinary registered shares with a nominal value of €0,88 each. 4 August 2025 was set as the effective date for the cancellation and delisting of the aforementioned treasury shares from the Athens Stock Exchange, as of which date the shares ceased to be traded on the Athens Stock Exchange.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 42 Moreover, during the presented periods, there are no titles potentially convertible into shares, which could lead to dilution of the earnings per share. 4.6 Property, plant and equipment and right- of-use assets a. Depreciation Depreciation of the owned tangible assets (other than land) is calculated based on the straight-line method over their useful lives, as follows: Buildings 30 – 35 years Mechanical equipment 5 - 20 years Vehicles 5 – 10 years Other equipment 4 - 10 years Computers and software 3 – 5 years The depreciation of fixed assets owned by third parties and of the right-of-use assets is calculated based on the term of the related lease contracts. b. Acquisition of Tangible Assets The net investments for the acquisition of fixed assets for the Company for the financial period 01.01.2026-30.06.2026 reached the amount of € 2,83 mil. (31.12.2025: € 29,11 mil.) and for the Group € 5,90 mil.. (31.12.2025: € 38,38 mil.). On 30.06.2025 the Group had contractual commitments for construction of buildings-technical works of € 23,60 mil of which € 20,00million concerns the Company and € 3,6 million the subsidiary in Romania.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 43 The analysis of the Group’s and Company’s fixed assets is as follows: (amounts in Euro) THE GROUP Land - Freehold Buildings and fixtures on buildings - Freehold Transportation means Machinery - furniture and other equipment Software Fixed assets under construction Total Leasehold land Leasehold building Leased means of transportation Total of leasehold fixed assets Total Property Plant and Equipment Net Cost as at 31/12/2024 183.644.266 449.661.910 6.103.070 53.527.411 958.583 26.829.828 720.725.066 3.341.458 72.262.424 44.285 75.648.167 796.373.234 Cost 31/12/2025 186.604.304 748.901.626 9.898.605 184.481.582 6.394.551 22.697.824 1.158.978.492 5.236.827 115.657.611 630.023 121.524.461 1.280.502.953 Accumulated depreciation - (290.471.210) (4.194.556) (134.282.666) (5.794.117) (55.800) (434.798.349) (1.822.109) (53.101.680) (432.997) (55.356.786) (490.155.135) Net Cost as at 31/12/2025 186.604.304 458.430.416 5.704.050 50.198.916 600.434 22.642.024 724.180.143 3.414.718 62.555.930 197.026 66.167.674 790.347.819 Cost 30/06/2026 184.719.002 743.494.125 10.412.821 188.568.125 6.438.890 25.098.343 1.158.731.306 5.236.827 114.408.175 630.023 120.275.025 1.279.006.331 Accumulated depreciation - (301.667.561) (4.265.189) (137.966.023) (5.955.013) (55.800) (449.909.586) (1.947.696) (55.607.652) (472.108) (58.027.456) (507.937.042) Net Cost as at 30/06/2026 184.719.002 441.826.564 6.147.632 50.602.102 483.877 25.042.543 708.821.720 3.289.131 58.800.523 157.915 62.247.569 771.069.289 THE COMPANY Land - Freehold Buildings and fixtures on buildings - Freehold Transportation means Machinery - furniture and other equipment Software Fixed assets under construction Total Leasehold land Leasehold building Leased means of transportation Net Cost as at 31/12/2024 91.002.603 213.795.921 148.445 21.703.544 - 357.138 327.007.651 887.802 54.868.716 - Cost 31/12/2025 91.495.543 417.093.581 506.140 116.610.838 3.731.349 1.244.882 630.682.333 1.197.806 90.664.622 - Accumulated depreciation - (194.174.469) (395.501) (94.126.455) (3.731.349) - (292.427.773) (400.727) (42.264.243) - Net Cost as at 31/12/2025 91.495.543 222.919.113 110.639 22.484.383 - 1.244.882 338.254.560 797.079 48.400.379 - Cost 30/06/2026 93.450.356 423.083.349 371.609 119.326.276 3.679.575 3.581.694 643.492.859 1.197.806 87.827.216 - Accumulated depreciation - (201.082.865) (279.866) (96.102.494) (3.679.575) - (301.144.800) (440.555) (43.898.708) - Net Cost as at 30/06/2026 93.450.356 222.000.484 91.743 23.223.782 - 3.581.694 342.348.059 757.251 43.928.509 -
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 44 The Group’s fixed assets movements for the year were as follows: (amounts in Euro) THE GROUP Land - Freehold Buildings and fixtures on buildings - Freehold Transportati on means Machinery - furniture and other equipment Software Fixed assets under construction Total Leasehold land Leasehold buiding Leased means of transportation Total of leasehold fixed assets Total Property Plant and Equipment Net Cost as at 31/12/2024 183.644.266 716.588.198 9.902.478 179.045.615 6.311.987 26.885.628 1.122.378.172 4.919.388 117.228.969 414.717 122.563.074 1.244.941.246 - Acquisition of subsidiary 3.535.149 7.684.851 - 62.868 51.774 - 11.334.642 - - - 11.334.642 - Additions 2.376.601 26.216.353 - 6.766.005 66.217 2.952.019 38.377.195 317.439 466.568 215.306 999.313 39.376.508 - Decreases - transfers (1.954.813) 2.689.148 (2.650) (366.274) - (6.955.617) (6.590.206) - (1.922.523) - (1.922.523) (8.512.729) - Exchange differences (996.898) (4.276.924) (1.223) (1.026.632) (35.427) (184.206) (6.521.311) - (115.404) - (115.404) (6.636.714) Net Cost as at 31/12/2025 186.604.304 748.901.626 9.898.605 184.481.582 6.394.551 22.697.824 1.158.978.492 5.236.827 115.657.611 630.023 121.524.461 1.280.502.953 - Additions 1.954.813 7.291.595 650.141 5.731.781 86.312 3.432.022 19.146.665 - - - - 19.146.665 - Decreases - transfers (2.651.729) (7.569.587) (134.531) (453.387) - (958.888) (11.768.123) - (1.117.982) - (1.117.982) (12.886.104) - Exchange differences (1.188.386) (5.129.509) (1.393) (1.191.851) (41.973) (72.615) (7.625.728) - (131.454) - (131.454) (7.757.182) Net Cost as at 30/06/2026 184.719.002 743.494.125 10.412.821 188.568.125 6.438.890 25.098.343 1.158.731.306 5.236.827 114.408.175 630.023 120.275.025 1.279.006.331 Depreciation Net Cost as at 31/12/2024 - (266.926.289) (3.799.408) (125.518.205) (5.353.404) (55.800) (401.653.105) (1.577.930) (44.966.545) (370.432) (46.914.907) (448.568.012) - Acquisition of subsidiary - - - (26.672) (51.774) - (78.446) - - - - (78.446) - Additions - (24.213.930) (410.934) (9.158.834) (408.251) - (34.191.949) (244.179) (8.196.875) (62.565) (8.503.619) (42.695.568) - Decreases - transfers - 2.064 15.664 22.207 - - 39.935 - - - - 39.935 - Exchange differences - 666.945 122 398.838 19.312 1.085.217 - 61.740 - 61.740 1.146.957 Net Cost as at 31/12/2025 - (290.471.210) (4.194.556) (134.282.666) (5.794.117) (55.800) (434.798.349) (1.822.109) (53.101.680) (432.997) (55.356.786) (490.155.135) - Additions - (12.464.464) (205.287) (4.276.117) (174.966) - (17.120.833) (125.587) (3.616.276) (39.111) (3.780.974) (20.901.807) - Decreases - transfers - 344.323 134.531 30.821 - - 509.675 - 1.027.361 - 1.027.361 1.537.036 - Exchange differences - 923.791 122 561.939 14.070 - 1.499.922 - 82.943 - 82.943 1.582.864 Net Cost as at 30/06/2026 - (301.667.561) (4.265.189) (137.966.023) (5.955.013) (55.800) (449.909.586) (1.947.696) (55.607.652) (472.108) (58.027.456) (507.937.042)
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 45 The Company’s fixed assets movements for the year were as follows: (amounts in Euro) THE COMPANY Land - Freehold Buildings and fixtures on buildings - Freehold Transportati on means Machinery - furniture and other equipment Software Fixed assets under construction Total Leasehold land Leasehold buiding Leased means of transportation Total of leasehold fixed assets Total Property Plant and Equipment Net Cost as at 31/12/2024 91.002.603 394.530.180 508.790 111.773.256 3.731.349 357.138 601.903.315 1.197.806 90.664.622 - 91.862.428 693.765.744 - Additions 492.940 22.572.076 0 5.155.105 - 887.744 29.107.865 - - - - 29.107.865 - Decreases - transfers - (8.674) (2.650) (317.524) - - (328.848) - - - - (328.848) Net Cost as at 31/12/2025 91.495.543 417.093.581 506.140 116.610.838 3.731.349 1.244.882 630.682.333 1.197.806 90.664.622 - 91.862.428 722.544.761 -Absorption of subsidiary (1.580.336) (3.435.398) - (62.868) (51.774) (36.366) (5.166.741) - - - - (5.166.741) - Additions 3.535.149 9.710.367 - 3.080.933 2.901.785 19.228.234 - - - - 19.228.234 - Decreases – transfers - (285.201) (134.531) (302.627) - (528.607) (1.250.967) - (2.837.406) - (2.837.406) (4.088.373) Net Cost as at 30/06/2026 93.450.356 423.083.349 371.609 119.326.276 3.679.575 3.581.694 643.492.859 1.197.806 87.827.216 - 89.025.022 732.517.881 Depreciatio Net Cost as at 31/12/2024 - (180.734.258) (360.345) (90.069.712) (3.731.349) - (274.895.664) (310.004) (35.795.906) - (36.105.910) (311.001.575) - Additions - (13.441.304) (37.806) (4.071.185) - - (17.550.295) (90.723) (6.468.337) - (6.559.060) (24.109.355) - Decreases – transfers - 1.093 2.650 14.443 - - 18.186 - - - - 18.186 Net Cost as at 31/12/2025 - (194.174.469) (395.501) (94.126.455) (3.731.349) - (292.427.773) (400.727) (42.264.243) - (42.664.970) (335.092.743) -Absorption of subsidiary - - - 28.828 51.774 - 80.602 - - - - 80.602 - Additions - (7.071.159) (18.896) (2.010.691) - - (9.100.746) (39.828) (2.661.825) - (2.701.653) (11.802.399) - Decreases – transfers - 162.763 134.531 5.823 - - 303.117 - 1.027.361 - 1.027.361 1.330.478 Net Cost as at 30/06/2026 - (201.082.865) (279.866) (96.102.495) (3.679.575) - (301.144.800) (440.555) (43.898.708) - (44.339.263) (345.484.063)
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 46 c. Liens on fixed assets As at 30.06.2026, a pre-notation of mortgage in the amount of EUR 5,7 million is registered on the property located in Nea Filadelfeia. The mortgage is automatically released on 31 July 2026, upon full repayment of the amount. 4.7 Investment property (leased properties) The Group designated as investment property, investments in real estate buildings and land or part of them which can be valued separately and constitute a significant part of the building or land under exploitation. The Group measures those investments at cost less any impairment losses and depreciation. Summary information regarding those investments is as follows: (amounts in €) Location of asset Description – operation of asset Rental Income- Group 01/01/2026- 30/06/2026 01/01/2025- 30/06/2025 Thessaloniki port An area of 6.422,17 sq. m. (parking space for 198 vehicles) on the first floor of a building 28.768 28.768 Rentis Coffee shop 18.043 12.805 Patras Mall 172.354 - Monagrouli district of Limassol Logistic Center 160.000 120.000 Pafos Mall 521.634 481.879 Total 900.799 643.452 Location of asset Description – operation of asset Rental Income-Company 01/01/2026- 30/06/2026 01/01/2024- 30/06/2024 Thessaloniki port An area of 6.422,17 sq. m. (parking space for 198 vehicles) on the first floor of a building 28.768 28.768 Rentis Coffee shop 18.043 12.805 Patras Mall 172.354 - Total 219.165 41.573 In addition to the parent company, the subsidiary in Cyprus JUMBO TRADING Ltd. holds investments in real estate with a value of € 11.027.147 as at 30.06.2026. The net book value of those investments for the Group and the Company is analyzed as follows: Investment Property (buildings) (amounts in €) Group Company Cost 31/12/2025 23.238.458 6.014.505 Accumulated depreciation (5.414.921) (4.743.433) Net Book Value as at 31/12/2025 17.823.537 1.271.072 Cost 31/12/2025 23.238.458 6.014.505 Additions 5.015.734 5.015.734 Decreases – transfers (6.196.806) - Accumulated depreciation (5.715.497) (4.881.098) Net Book Value as at 30/06/2026 16.341.888 6.149.140
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 47 Movements in the account for the year are as follows: Investment Property (buildings) (amounts in €) Group Company Depreciation Balance as at 31/12/2024 (4.889.013) (4.543.150) - Additions (525.908) (200.283) - Decreases – transfers - - Balance as at 31/12/2025 (5.414.921) (4.743.433) - Additions (300.576) (137.665) - Decreases – transfers - - Balance as at 30/06/2026 (5.715.494) (4.881.098) 4.8 Investments in subsidiaries The balance of the account of the parent company is analyzed as follows: (amounts in €) Company Head offices % of Investment Amount of participation JUMBO TRADING LTD Avraam Antoniou 9- 2330 Kato Lakatamia Nicosia - Cyprus 11.003.819 100% JUMBO EC.B LTD Sofia, Bu.Bulgaria 51-Bulgaria 100% 31.776.075 JUMBO EC.R SRL Bucharest (administrative area 3, B-dul Theodor Pallady, number.51, building Centrul de Calcul, 5th floor ) – Romania 100% 93.908.540 136.688.434 The change of in the investments in subsidiaries is as follows: (amounts in €) 30/06/2026 31/12/2025 Opening Balance 01/01/2026 and 01/01/2025 147.514.056 136.688.434 Acquisition of a subsidiary - 10.825.622 Share Capital Increase of subsidiaries (10.825.622) - Share Capital Decrease of subsidiaries - - Closing Balance 30/06/2026 and 31/12/2025 136.688.434 147.514.056 On 09.04.2026, the merger by absorption by the Company of its wholly-owned (unlisted) subsidiary under the corporate name “HERALD HELLAS SINGLE-MEMBER SOCIÉTÉ ANONYME FOR REAL ESTATE DEVELOPMENT AND SERVICES 2” (hereinafter the “Absorbed Company”) was completed. Given that the Absorbed Company was a wholly-owned subsidiary of the Company, the merger was effected without any increase in the Company’s share capital and without the issuance of new shares and did not result in any change in the Company’s shareholding structure. Finally, it is noted that, as a result of the merger, the Absorbed Company was struck off the General Commercial Registry (G.E.MI.) and ceased to exist as a legal entity, while the Company became, by operation of law, its universal successor in respect of all its legal relationships. In the separate financial statements, investments in subsidiaries are measured after initial recognition at their acquisition cost which is the fair value of the consideration less direct costs related to the acquisition of the investment, less any impairment losses that may arise.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 48 4.9 Financial instruments per category The financial assets per category are as follows: THE GROUP 30/06/2026 31/12/2025 Amounts in € Financial instruments at fair value through other comprehensive income Financial instruments at fair value through profit or loss Financial instruments at amortized cost Total Financial instruments at fair value through other comprehensive income Financial instruments at fair value through profit or loss Financial instruments at amortized cost Total Financial Assets Financial instruments at fair value through other comprehensive income 27.095.926 - - 27.095.926 31.710.709 - - 31.710.709 Long term restricted bank accounts - - 7.900.000 7.900.000 - - 9.100.000 9.100.000 Trade debtors and other trade receivables - - 15.072.374 15.072.374 - - 8.168.039 8.168.039 Other Receivables - - 51.365.721 51.365.721 - - 26.251.907 26.251.907 Short term restricted bank accounts - - 1.758.205 1.758.205 - - 2.970.452 2.970.452 Other current financial assets - - - - - - - - Cash and cash equivalents - -- 546.140.091 546.140.091 - - 536.668.758 536.668.758 Financial Assets 27.095.926 - 622.236.391 649.332.317 31.710.709 - 583.159.156 614.869.865 The table above includes, per category, only the financial assets under the relevant definitions provided by the IFRS. Therefore, the above analysis may differ, from case to case, from the related financial statement line items presented in the Financial Statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 49 THE COMPANY 30/06/2026 31/12/2025 Amounts in € Financial instruments at fair value through other comprehensive income Financial instruments at fair value through profit or loss Financial instruments at amortized cost Total Financial instruments at fair value through other comprehensive income Financial instruments at fair value through profit or loss Financial instruments at amortized cost Total Financial Assets Trade debtors and other trade receivables - - 30.483.759 30.483.759 - - 17.012.795 17.012.795 Other Receivables - - 47.013.394 47.013.394 - - 20.756.304 20.756.304 Cash and cash equivalents - - 234.183.560 234.183.560 - - 180.572.205 180.572.205 Financial Assets - - 311.680.713 311.680.713 - - 218.341.303 218.341.303 The table above includes, per category, only the financial assets under the relevant definitions provided by the IFRS. Therefore, the above analysis may differ, from case to case, from the related financial statement line items presented in the Financial Statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 50 THE GROUP 30/06/2026 31/12/2025 Amounts in € Other Financial Liabilities (at amortized cost) Other Financial Liabilities (at amortized cost) Financial Liabilities Trade and other payables 36.032.173 44.074.228 Loans - - Other current liabilities 43.890.161 54.017.588 Lease liabilities 62.247.015 66.432.256 142.169.349 164.432.256 THE COMPANY 30/06/2026 31/12/2025 Amounts in € Other Financial Liabilities (at amortized cost) Other Financial Liabilities (at amortized cost) Financial Liabilities Trade and other payables 34.832.584 43.504.924 Other current liabilities 35.510.218 45.612.241 Lease liabilities 48.197.623 53.481.957 118.540.425 142.599.122 The tables above include, as far as both – the Group and the Company are concerned – per category, only the financial liabilities under the relevant definitions provided by the IFRS. Therefore, the above analysis may differ, from case to case, from the related financial statement line items presented in the Financial Statements. 4.9.1 Financial instruments at fair value through other comprehensive income The financial assets at fair value through other comprehensive income are presented in the below table: Financial assets at fair value through other comprehensive income Amounts in € THE GROUP 30/06/2026 31/12/2025 Investments in shares of listed companies 27.095.926 22.614.448 Bonds - 9.096.261 Total financial assets at fair value through other comprehensive income 27.095.926 31.710.709 Movements during the period: THE GROUP Amounts in € 30/06/2026 31/12/2025 Opening balance 31.710.709 23.585.165 Additions - - Sale of bonds (8.988.551) (1.000.001) Gains/(losses) on measurement of financial assets at fair value through other comprehensive income 4.481.478 9.268.860 Impairment (107.711) (143.315) Closing Balance 27.095.926 31.710.709
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 51 With respect to the bonds, on 23 April 2026, Bank of Cyprus exercised its call option and redeemed the bonds at their original purchase price. During the period in which the bonds were held (23 April 2021 to 23 April 2026), JUMBO Trading Ltd received net income of €2.771.719. 4.9.2 Fair value of financial instruments The table below presents the financial instruments measured at fair value in the statement of financial position, in a fair value measurement hierarchy. According to the fair value measurement hierarchy, financial assets and liabilities are grouped into three levels based on the significance of data inputs used for the measurement of their fair value. The fair value hierarchy has the following three levels: Level 1: quoted prices in an active market for identical assets or liabilities. Level 2: inputs other than Level 1 that are observable for the financial assets or liabilities either directly (e.g. market price) or indirectly (e.g. arising from market prices) and Level 3: inputs for assets or liabilities that are not based on observable market data (unobservable inputs). The level within each financial asset or liability is categorized is determined based on the lowest level of significance of the data inputs used for the measurement of their fair value. Financial assets and liabilities measured at fair value in the statement of financial position are categorized in the fair value hierarchy as follows: THE GROUP Amounts in € Valuation at fair value at the end of the fiscal year using: 30/06/2026 Level 1 Level 2 Level 3 Description -Bonds - - - - -Shares 27.095.926 27.095.926 - - Total assets at fair value 27.095.926 27.095.926 - - THE GROUP Amounts in € Valuation at fair value at the end of the fiscal year using: 31/12/2025 Level 1 Level 2 Level 3 Description -Bonds 9.096.261 9.096.261 - - -Shares 22.614.448 22.614.448 - - Total assets at fair value 31.710.709 31.710.709 - - With regard to the bonds, Bank of Cyprus exercised its right on 23.04.2026 and repurchased them at the same price at which they had been acquired. Listed shares are valued at their closing price at the reporting date. After the issuance and listing of the shares of Bank of Cyprus Holdings Public Limited Company on the London Stock Exchange and the Cyprus Stock Exchange, Jumbo Trading LTD holds a total of 2.660.859 shares of Bank of Cyprus Holdings Public Limited Company (BOC Holdings). The closing share price as at 30.06.2026 was €9,61 and the shares valuation gave rise to a profit of € 4.443.635, recorded in the statement of comprehensive income in the condensed interim Financial Statements. Following the issuance and listing of the shares of "TRADE ESTATES REAL ESTATE INVESTMENT COMPANY" for trading on the Athens Stock Exchange, JUMBO TRADING LTD holds a total of 756.859 shares of TRADE ESTATES REAL ESTATE INVESTMENT COMPANY. The share price at the close of 30.06.2026 was € 2,015 and the valuation of the shares resulted in a gain of € 37.843, which is reflected in the statement of other income in the condensed interim financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 52 4.10 Other long term receivables The balance of the account is analysed as follows: The total amount included in «Guarantees» line item relates to long term lease guarantees and guarantees to public benefit organizations, which will be collected or returned after the end of the next financial year. 4.11 Trade debtors and other trade receivables The Company has established criteria for granting credit to customers, which are generally based on the size of the customer’s operations and an assessment of relevant financial information. At each reporting date, all overdue or doubtful receivables are assessed in order to determine whether an allowance for doubtful receivables is required. Any write-off of customer balances is charged against the existing allowance for doubtful receivables. The concentration of credit risk arising from trade receivables and cheques receivable is limited, as these are considered to be recoverable and are normally settled in the ordinary course of business. Analysis of trade debtors and other trade receivables is as follows: Trade Debtors and other trade receivables THE GROUP THE COMPANY (amounts in euro) 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Customers 15.225.153 8.328.509 30.636.538 17.173.265 Cheques receivable 7.690 - 7.690 - Less: Impairment Provisions (160.470) (160.470) (160.470) (160.470) Net trade Receivables 15.072.374 8.168.039 30.483.759 17.012.795 Advances for inventory purchases 70.970.590 67.084.998 70.970.590 67.084.998 Less: Impairment Provisions (17.972) (17.972) (17.972) (17.972) Total 86.024.991 75.235.065 101.436.376 84.079.821 All the amounts of the above receivables are short-term. The carrying amount of the trade receivables is considered to be approximately equal to their fair value. The total net trade receivables does not include overdue receivables beyond the credit period granted by the Group's management for these receivables. THE GROUP THE COMPANY Other long term receivables 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Guarantees 5.559.073 5.853.255 5.337.976 5.554.751 Prepaid expenses 7.059.530 2.289.117 - - Total 12.618.603 8.142.372 5.337.976 5.554.751
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 53 4.12 Other receivables Other receivables are analyzed as follows: THE GROUP THE COMPANY Other receivables 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Sundry debtors 47.629.065 9.810.737 43.282.187 9.495.356 Receivables from the State 30.602.330 56.132.940 30.484.992 55.532.921 Other receivables 5.373.715 18.078.229 5.368.265 12.898.007 Less: Impairment Provisions (1.637.059) (1.637.059) (1.637.059) (1.637.059) Net receivables 81.968.051 82.384.847 77.498.386 76.289.225 As shown in the above table, the total amount of other receivables includes receivables of the Group: a) From other receivables, pertaining mostly to receivables of the parent company from advance payments of rentals. b) From amounts owed to the parent company and subsidiaries by the State in connection with advance payment of income tax. c) From sundry debtors deriving from advances to accounts for debtors (such as custom clearers), advances to personnel, insurance receivables. 4.13 Other current assets Other current assets pertain to the following: THE GROUP THE COMPANY Other current assets 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Prepaid expenses 12.302.006 4.339.979 1.473.334 2.356.055 Accrued income 2.735.768 2.940.371 2.735.768 2.940.371 Discounts on purchases under settlement - 267.933 - 267.933 Total 15.037.773 7.548.284 4.209.101 5.564.359 Other current assets mostly pertain to prepaid expenses as well as accrued financial income. 4.14 Long term and short term restricted bank deposits Amounts in € THE GROUP THE COMPANY Restricted bank deposits 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Long Term restricted bank deposits 7.900.000 9.100.000 - - Short Term restricted bank deposits 1.758.205 2.970.452 - - Total 9.658.205 12.070.452 - - Out of the amount of € 7.900.000 a) the amount of € 7.000.000 relates to a deposit for the acquisition of the subsidiary NIVAMO PROPERTIES LTD and b) the amount of € 900.000 is pledged in the form of restricted bank deposits to secure the subsidiary company JUMBO TRADING LTD’s mutual bank accounts. Out of the amount of € 1.758.205, a) the amount of € 1.200.000 is pledged in the form of restricted bank deposits for the acquisition of the subsidiary NIVAMO PROPERTIES LTD, b) the amount of € 122.162 is pledged in the form of restricted bank deposits to secure the subsidiary company JUMBO TRADING
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 54 LTD’s mutual bank accounts, c) the amount of € 436.043 relates to other commitments on behalf of third parties by the subsidiary JUMBO TRADING LTD. 4.15 Cash and cash equivalents THE GROUP THE COMPANY Cash and cash equivalents 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Cash in hand 3.291.787 3.206.350 2.385.422 2.464.499 Bank overdraft 5.170.718 7.200.872 5.170.718 7.200.872 Sight and time deposits 537.677.586 526.261.536 226.627.421 170.906.834 Total 546.140.091 536.668.758 234.183.560 180.572.205 Time deposits pertain to short term investments of high liquidity. The interest rate on time deposit accounts for the Group ranged from 1,75% up to 5,45%, while the interest rate for sight deposits varied from zero to 2,63%. 4.16 Equity 4.16.1.Share capital (amounts in euro except from shares) Number of shares Nominal share value Value of ordinary shares (Share Capital) Balance as at December 31st 2025 134.365.561 0,88 118.241.694 Changes during the financial year - - - Balance as at June 30th 2026 134.365.561 0,88 118.241.694
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 55 4.16.2 Share Premium and other reserves – Reserve for own shares The analysis of share premium and other reserves as at 30.06.2026 is as follows: THE GROUP (amounts in euro) Share premium Legal reserve Fair value reserve Tax free reserves Extraordinary reserves Special reserves Total of other reserves Total Balance at January 1st 2025 50.026.742 53.786.617 2.385.579 1.797.944 297.437.325 (24.518.781) 330.888.684 380.915.426 Movements during the financial year - 27.234 9.125.545 - 119.668.649 632.136 129.453.564 129.453.564 Balance at 31st December 2025 50.026.742 53.813.851 11.511.124 1.797.944 417.105.974 (23.886.645) 460.342.248 510.368.990 Movements during the period - - 4.373.767 - (67.182.781) - (62.823.404) (62.823.404) Balance at 30th June 2026 50.026.742 53.813.851 15.884.891 1.797.944 349.923.194 (23.886.645)397.518.845 447.545.587
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 56 THE COMPANY (amounts in euro) Share premium Legal reserve Tax free reserves Extraordinary reserves Special reserves Total of other reserves Total Balance at January 1st 2025 50.026.742 53.786.617 1.797.944 297.437.325 (24.546.916) 328.474.970 378.501.712 Movements during the financial year - - - 119.668.649 632.136 120.300.785 120.300.785 Balance at 31st December 2025 50.026.742 53.786.617 1.797.944 417.105.974 (23.914.780) 448.775.755 498.802.497 Movements during the period - 27.234 - (67.182.781) - (67.155.546) (67.155.546) Balance at 30th June 2026 50.026.742 53.813.851 1.797.944 349.923.193 (23.914.780)381.620.209 431.646.952
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 57 4.17 Long and Short term lease liabilities The lease liabilities for the following years are analyzed as follows: THE GROUP THE COMPANY (amounts in euro) 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Short term lease liabilities 9.437.403 8.096.075 6.325.849 6.392.617 Long term lease liabilities (Between 1 year and 5 years) 28.382.936 41.435.201 22.877.175 36.198.631 Long term lease liabilities (More than 5 years) 24.426.676 16.900.981 18.994.599 10.890.710 Total lease liabilities 62.247.015 66.432.256 48.197.623 53.481.957 (amounts in euro) THE GROUP THE COMPANY Minimum future payments on 30/06/2026 Minimum future payments Net present value Minimum future payments Net present value Up to 1 year 11.338.654 9.437.403 7.855.164 6.325.849 Between 1 year and 5 years 33.220.912 28.382.936 27.042.249 22.877.175 More than 5 year 27.424.394 24.426.676 20.334.085 18.994.599 Total of Minimum future payments 71.983.960 62.247.015 55.231.498 48.197.623 Minus: Amounts that represent finance costs (9.736.945) (7.033.874) 62.247.015 62.247.015 48.197.623 48.197.623 (amounts in euro) THE GROUP THE COMPANY Minimum future payments on 31/12/2025 Minimum future payments Net present value Minimum future payments Net present value Up to 1 year 9.951.524 8.096.075 8.011.447 6.392.617 Between 1 year and 5 years 47.807.612 41.435.201 41.809.833 36.198.631 More than 5 year 19.320.890 16.900.981 11.495.938 10.890.710 Total of Minimum future payments 77.080.027 66.432.256 61.317.217 53.481.957 Minus: Amounts that represent finance costs (10.647.771) (7.835.261) 66.432.256 66.432.256 53.481.957 53.481.957 The incremental borrowing rate determined for leases is at 3,25% for the Company and from 1,74% to 4,10% for the Group.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 58 4.18 Other long term liabilities The Group and the Company’s other long term liabilities are analyzed as follows: (amounts in euro) THE GROUP THE COMPANY Liabilities to creditors 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Opening balance - 5.700.000 - 5.700.000 Additions - - - - Reductions - (5.700.000) - (5.700.000) Total - - - - Guarantees obtained Opening balance 10.815.285 10.871.077 53.877 33.877 Additions 309.404 20.000 259.042 20.000 Additions from the acquisition of subsidiaries (257.628) 257.628 - Reductions (2.413.250) (333.420) - - Total 8.453.812 10.815.285 312.919 - General Total 8.453.812 10.815.285 312.919 53.876 4.19 Deferred tax liabilities Deferred tax liabilities as deriving from temporary tax differences are as follows: (amounts in euro) THE GROUP Deferred tax liabilities / (receivables) Balance as at 01/01/2026 Tax recognized in other comprehensive income Tax recognized in the income statement Balance as at 30/06/2026 Short-term liabilities Other short-term liabilities 128.373 - 39.593 167.966 Non-current assets Tangible assets 8.464.921 - (680.471) 7.784.450 Right-of-use assets (448.196) - 794.326 346.130 Long-term liabilities Provisions (17.867) - 9.861 (8.006) Employee benefits (1.824.440) - (83.813) (1.908.253) Short- term receivables Other short- term receivables (191.686) - - (191.686) 6.111.104 - 79.495 6.190.599
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 59 (amounts in euro) THE GROUP Deferred tax liabilities / (receivables) Balance as at 01/01/2025 Tax recognized in other comprehensive income Tax recognized in the income statement Balance as at 31/12/2025 Short-term liabilities Other short-term liabilities 127.386 - 987 128.373 Non-current assets Tangible assets 8.388.466 - 76.455 8.464.921 Right-of-use assets (369.924) - (78.272) (448.196) Long-term liabilities - Provisions (13.237) - (4.630) (17.867) Employee benefits (2.262.600) 178.295 259.865 (1.824.440) Short- term receivables Other short- term receivables (191.686) - - (191.686) 5.678.405 178.295 254.404 6.111.104 For the Company, the respective accounts are analyzed as follows: (amounts in euro) THE COMPANY Deferred tax liabilities / (receivables) Balance as at 01/01/2026 Tax recognized in other comprehensive income Tax recognized in the income statement Balance as at 30/06/2026 Short-term liabilities Other short-term liabilities 128.373 - 39.593 167.966 Non-current assets Tangible assets 8.945.548 - (652.928) 8.292.620 Right-of-use assets (942.590) - 764.344 (178.246) Long-term liabilities Employee benefits (1.793.755) - (86.564) (1.880.319) Short- term receivables Other short- term receivables (167.533) - - (167.533) 6.170.043 - 64.444 6.234.487
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 60 (amounts in euro) THE COMPANY Deferred tax liabilities / (receivables) Balance as at 01/01/2025 Tax recognized in other comprehensive income Tax recognized in the income statement Balance as at 31/12/2025 Short-term liabilities Other short-term liabilities 127.386 - 987 128.373 Non-current assets Tangible assets 8.897.755 - 47.793 8.945.548 Right-of-use assets (892.994) - (49.596) (942.590) Long-term liabilities Employee benefits (2.238.216) 178.295 266.166 (1.793.755) Short- term receivables Other short- term receivables (167.533) - - (167.533) 5.726.399 178.295 265.349 6.170.043 4.20 Trade and other payables The balance of the account is analyzed as follows: THE GROUP THE COMPANY Trade and other payables 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Suppliers 11.510.837 9.803.897 10.311.248 9.234.593 Notes payable & promissory notes 21.524 101.110 21.524 101.110 Cheques payable 24.499.812 34.169.221 24.499.812 34.169.221 Advances from customers 238.902 3.298.636 238.902 3.298.636 Total 36.271.075 47.372.863 35.071.486 46.803.561 4.21 Current tax liabilities The analysis of tax liabilities is as follows: THE GROUP THE COMPANY Current tax liabilities 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Income tax Liabilities 89.607.896 77.307.933 81.306.777 71.433.153 Other taxes liabilities 11.586.328 23.481.164 2.149.339 2.456.765 Total 101.194.223 100.789.097 83.456.116 73.889.918 Deferred tax is not included in current tax liabilities.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 61 4.22 Other short term liabilities Other short term liabilities are analyzed as follows: THE GROUP THE COMPANY Other short term liabilities 30/06/2026 31/12/2025 30/06/2026 31/12/2025 (amounts in euro) Fixed assets suppliers 11.638.933 9.413.109 8.777.412 8.950.881 Salaries payable to personnel 4.183.445 6.022.671 2.173.733 3.347.392 Sundry creditors 20.591.856 26.055.675 18.917.811 23.075.305 Social security liabilities 4.018.183 6.304.837 2.772.767 4.635.292 Dividends payable 230.844 209.337 230.844 209.337 Accrued expenses 2.855.638 5.795.601 2.582.248 5.394.034 Other liabilities 371.263 216.357 55.402 - Total 43.890.161 54.017.588 35.510.218 45.612.241 4.23 Cash flows from operating activities THE GROUP THE COMPANY (amounts in euro) 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Cash flows from operating activities Profit Before Tax 150.751.401 146.065.493 172.100.456 160.146.797 Adjustments for: Depreciation of tangible/ intangible assets 21.093.332 21.040.147 11.718.262 11.327.092 Pension liabilities provisions (net) 191.404 212.938 191.404 212.938 (Profit)/ loss from sales and destruction of tangible and intangible assets (70.568) (10.810) (70.595) (11.944) Other provisions - 4.087 - - Interest and related income (5.129.119) (5.043.755) (1.762.218) (1.674.088) Interest and related expenses 3.484.334 3.343.398 2.258.591 2.087.888 Dividends received (1.429.214) (1.344.028) (70.000.000) (66.000.000) Other non-cash adjustments (19.348) - Other exchange differences 3.213 - 3.213 - Operating profit before working capital changes 168.875.435 164.267.470 114.439.112 106.088.683 Changes in working capital (Increase)/ decrease in inventories (16.899.513) (56.587.171) (2.624.808) (37.281.961) (Increase)/ decrease in trade and other receivables (18.192.111) (7.493.974) (16.635.580) (14.084.230) (Increase)/ decrease in other current assets (9.281.146) (27.901.474) 362.770 (28.436.336) Non-Short term restricted bank deposits 2.658.205 - - Increase/ (decrease) in liabilities (excluding bank loans) (27.292.116) (15.614.969) (25.124.814) (1.838.368) Other (75.266) - - (69.081.947) (107.597.588) (44.022.432) (81.640.894) Cash flows from operating activities 99.793.488 56.669.882 70.416.680 24.447.789 The Company and the Group classify bank deposits with a maturity of more than 3 months as "other current financial assets ". These deposits are highly liquid, readily convertible into cash without being subject to a significant risk of changes in their value or substantial costs in the event of an early termination before the end of the contract period. For this reason, they are included in a distinct line in the cash flows of the Company and of the Group, as they are considered immediately available.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 62 4.24 Merger by Absorption of a Subsidiary On 9 April 2026, the merger by absorption by the Company of its wholly-owned subsidiary “HERALD HELLAS SINGLE-MEMBER SOCIÉTÉ ANONYME FOR REAL ESTATE DEVELOPMENT AND SERVICES 2”, with the distinctive title “HERALD GREECE 2 S.A.” (the “Absorbed Company”), was completed. The merger was carried out in accordance with the provisions of Law 4601/2019, in conjunction with the provisions of Laws 4548/2018 and 5162/2024, without any increase in the Company’s share capital, issuance of new shares or change in its shareholding structure. Upon completion of the merger, the Absorbed Company ceased to exist as a separate legal entity and the Company became its universal successor. The merger constitutes a transaction between entities under common control and, therefore, falls outside the scope of IFRS 3 “Business Combinations”. In the absence of specific guidance under IFRS regarding the accounting treatment of such a transaction, the Company applied an accounting policy in accordance with paragraphs 10–12 of IAS 8. In the separate financial statements, the transaction was accounted for using the predecessor carrying values method. In particular, the Company’s investment in the Absorbed Company was derecognised, while the individual assets and liabilities of the Absorbed Company were recognised at the carrying amounts at which they were included in the Group’s consolidated financial statements immediately prior to the merger, without remeasurement at fair value. The difference between the carrying amount of the investment derecognised, amounting to €10.825.622, and the net carrying amount of the assets and liabilities recognised, amounting to €12.171.680, was €1.346.059 and was recognised directly in equity. In the consolidated financial statements, the merger represents a change in the Group’s legal structure without any change in control over the underlying operations. Accordingly, it had no impact on the Group’s consolidated assets, liabilities, results or equity, other than any costs associated with the completion of the merger. 4.25 Contingent Liabilities / Contingent Assets Contingent liabilities In the closing period, the Group has granted letters of guaranty to third parties as security for liabilities of € 54 k. (31.12.2025: € 54 k). This amount concerns the Company. On May 15, 2023, a new non-cancellable lease agreement regarding the lease of property by the Bulgarian subsidiary "JUMBO ECB Ltd", provides for the extension of the previous lease (08.07.2011) until May 28, 2035, while the lessee has the right to extend the initial lease term for an additional twelve (12) years, i.e. until 28 May 2047. According to the new lease agreement, the Bulgarian subsidiary company "JUMBO ECB Ltd", has the right to purchase the leased store and the real estate on which the leased store is built on against a total cost of € 13.500.000 plus VAT, in the event that at any time during the lease, the lessor makes the specific property available for sale. In that case, the Company as the sole shareholder of "JUMBO ECB Ltd" will be obliged, within three (3) months from the offer, to decide on buying the property against the above-mentioned total price. It is noted that according to the previous contract the Bulgarian subsidiary company "JUMBO ECB Ltd" had an obligation to purchase the property only in case that specific changes in the Company's Board of Directors. According to the new lease agreement no other party appears as a guarantor against the obligations of the lessee JUMBO ECB Ltd. It is noted that according to the previous contract the Cypriot subsidiary JUMBO TRADING LTD assumed as guarantor and co-debtor against the obligations of the lessee JUMBO ECB Ltd.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 63 Contingent Assets As at 30.06.2026, the Group on held letters of guarantee for good execution of agreements amounting to € 36,36 mil., that are analyzed as follows: - A letter of guarantee amounting to € 3,13 mil.to the subsidiary JUMBO TRADING LTD to fulfill the terms of the property lease contract in Paphos. - Letter of Guarantee of € 11,40 mil.to the parent company for the proper performance of cooperation with the customer Franchise Kid-Zone in Albania , Kosovo, Bosnia and Montenegro. - Letter of Guarantee of € 3,90 mil.to the parent company for the proper performance of cooperation with the customer Franchise Veropoulos Dooel in North Macedonia and Serbia. - Letter of Guarantee of € 16,50 mil.to the parent company for the proper performance of cooperation with the customer JUMBO RETAIL GREECE LTD in Israel. - Letter of guarantee of € 1,43 mil. to the subsidiary JUMBO ROMANIA SRL for the good execution of projects . 4.26 Unaudited fiscal years by tax authorities Unaudited fiscal years for the Group as at 30.06.2026 are analyzed as follows: Company Unaudited Fiscal Years JUMBO SA From 01.07.2019 to 31.12.2025 JUMBO TRADING LTD From 01.01.2023 to 31.12.2025 JUMBO EC.B LTD From 01.01.2019 to 31.12.2025 JUMBO EC.R S.R.L From 01.01.2020-31.12.2025 GEOFORM LIMITED from 13.03.2015 to 31.12.2025 NIVAMO PROPERTIES LIMITED 27.04.2018-31.12.2025 For the fiscal years 30.06.2011 to 30.06.2015, for the fiscal years 30.06.2016– 30.06.2019, the sub twelve months financial year 01.07.2019-31.12.2019 as well as for the financial years 01.01.2020-31.12.2025, the Company has been subject to tax audit performed by the statutory auditors in accordance with the provisions of Article 82 par 5 of Law 2238/1994 and Article 65Α of Law 4174/2013. The aforementioned audits for the fiscal years from 30.06.2011 until 30.06.2019, for the sub twelve months financial year 01.07.2019-31.12.2019 for the financial year as well as 01.01.2020-31.12.2020, the financial year 01.01.2021- 31.12.2021, the financial year 01.01.2022-31.12.2022, the financial year 01.01.2023-31.12.2023 and the financial year 01.01.2024-31.12.2024 have been completed and the tax certificates with unqualified opinion have been issued, and the relevant reports have been submitted to the Ministry of Finance. From the companies audited by the statutory auditors and auditing firms for tax compliance purposes, certain subjects are selected for audit. For the fiscal years 30.6.2011 to 30.6.2017, the time for a tax inspection performed by the Tax Authorities in accordance with the provisions of article 84 of Law 2238/1994 and article 36 of Law 4174 has lapsed and, therefore, the aforementioned fiscal years have become time – barred, while for the financial years from 30.6.2018 to 30.6.2019, the regular tax audit was completed by the Audit Center of Large Enterprises (K.E.M.EP.)of the Independent Authority for Public Revenue (I.A.P.R.) during the previous financial year. Therefore, the fiscal years for which an audit may be carried out, within the period during which the right of the Tax Administration to issue tax assessment acts is valid, according to the provisions of Article 84 of Law 2238/1994 and Article 36 of Law 4174, include the sub-twelve-month fiscal year 01.07.2019-31.12.2019, the fiscal year from 01.01.2020-31.12.2020, the fiscal year from 01.01.2021-31.12.2021, the fiscal year from 01.01.2022-31.12.2022, the fiscal year from 01.01.2023-31.12.2023 and the fiscal year from 01.01.2024-31.12.2024. For the fiscal year 01.01.2025- 31.12.2025 the tax audit performed by the statutory auditors in compliance with the provisions of Article 65Α, Law 4174/2013, is in progress. The relevant tax certificate is expected to be issued after the publication of the interim financial report 01.01.2026-30.06.2026. However, no significant tax liabilities are expected to arise other than those recorded and reflected in the financial statements.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 64 The subsidiary company JUMBO TRADING LTD, operating in Cyprus, has been inspected by the tax authorities until 31.12.2022 in accordance with the Cypriot tax regime. JUMBO TRADING LTD prepares its financial statements in compliance with IFRS and consequently it charges its results with relevant provisions for uninspected tax years, whenever necessary. The subsidiary companies JUMBO EC.B LTD and JUMBO EC.R S.R.L prepare their financial statements in compliance with IFRS, making provisions for additional tax differences, whenever necessary, burdening their results. Regarding the companies «GEOFORM LIMITED» and «NIVAMO PROPERTIES LIMITED» in Cyprus, as investment companies, they burden their results with relevant provisions for uninspected tax years, whenever necessary. 5. Transactions with related parties The Group includes the following related companies apart from "JUMBO SA": 1. The subsidiary company «JUMBO TRADING LTD», based in Cyprus, in which the Parent company holds 100% of shares and voting rights. The subsidiary company JUMBO TRADING LTD participates at the rate of 100% in the share capital of GEOFORM LIMITED and NIVAMO PROPERTIES LIMITED. 2. The subsidiary company in Bulgaria «JUMBO EC.B. LTD» based in Sofia, Bulgaria, in which the Parent company holds 100% of shares and the voting rights. 3. The subsidiary company in Romania «JUMBO EC.R. SRL» based in Bucharest, Romania in which the Parent company holds the 100% of shares and voting rights. The most important transactions and balances between the Company and its related parties (except physical persons) on 30.06.2026, as defined in IAS 24, are as follows: Amounts in € THE GROUP THE COMPANY Sales of merchandise 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 118.973.595 120.851.664 Total - - 118.973.595 120.851.664 Sales of services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 689.248 646.034 Total - - 689.248 646.034 Sales of tangible assets and other services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 371.224 102.592 Total - - 371.224 102.592 THE GROUP THE COMPANY Purchases of merchandise 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 1.851.727 1.954.873 Total - - 1.851.727 1.954.873 Purchases of tangible assets and other services 30/06/2026 30/06/2025 30/06/2026 30/06/2025 Subsidiaries - - 543.257 585.329 Other Related parties 62.562 125.388 62.562 125.388
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 65 Total 62.562 125.388 605.819 710.717 THE GROUP THE COMPANY Receivables 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Subsidiaries - - 15.952.398 7.081.906 Total - - 15.952.398 7.081.906 Liabilities 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Subsidiaries - - - 3.424.644 Total - - - 3.424.644 The above amounts have been eliminated at Group level. Sales and purchases of merchandise concern goods traded by the Parent Company, i.e. toys, baby items, stationery, home and seasonal goods. All the transactions described above have been carried out under the usual market terms. Also, the terms that govern the transactions with the above related parties are equivalent to those that prevail in arm’s length transactions. Apart from the above transactions with related parties which concern related companies, par. 6 below presents the transactions with other related parties (key management and Board members). 6. Fees to members of the Board of Directors The transactions with key management and Board Members at the Group and Company level are presented below: Transactions with Directors and Board Members THE GROUP THE COMPANY Amounts in euro 30/06/2026 30/06/2026 Wages and salaries 170.995 - Social security cost 21.984 - Compensation due to termination of employment - - Total 192.979 - Pension Benefits: 30/06/2026 30/06/2026 Other Benefits scheme - - Total - - Transactions with Directors and Board Members THE GROUP THE COMPANY Amounts in euro 30/06/2025 30/06/2025 Wages and salaries 323.493 155.990 Social security cost 45.217 24.152 Compensation due to termination of employment 4.071 4.071 Total 372.780 184.212 Pension Benefits: 30/06/2025 30/06/2025 Other Benefits scheme 121.564 121.564 Total 121.564 121.564 No loans have been granted to members of Board of Directors or other management members of the Group (and their families) and there are neither receivables from nor liabilities to members of Board of Directors or other management members of the Group and their families.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 66 7. Lawsuits and litigations There are no lawsuits or litigations whose negative outcome could have a material impact on the financial results of the Group. The Group has made provision for significant legal or arbitration cases amounting to € 592.248, which concerns the Company (31.12.2025: € 592.248). 8. Number of employees As at 30 June 2026, the Group employed 6.986 persons, of whom 6.181 as permanent staff and 805 as seasonal staff while the average number of employees for the closing period i.e. 01.01.2026 - 30.06.2026, was 6.647 persons (6.119 as permanent and 528 as seasonal staff). As at 30.06.2026 the Company employed a total of 3.962 persons, 3.199 of whom permanent personnel and 763 seasonal, the Cypriot subsidiary JUMBO TRADING LTD employed in total 627 persons (599 of whom permanent personnel and 28 seasonal), the subsidiary in Bulgaria employed 756 permanent personnel and the subsidiary in Romania employed 1.641 persons (1.627 of whom permanent personnel and 14 seasonal). As at 30 June 2025, the Group employed 6.900 persons, of whom 6.272 as permanent staff and 628 as seasonal staff while the average number of employees for the closing period i.e. 01.01.2025 - 30.06.2025, was 6.566 persons (6.153 as permanent and 414 as seasonal staff). As at 30.06.2025 the Company employed a total of 3.803 persons, 3.221 of whom permanent personnel and 582 seasonal, the Cypriot subsidiary JUMBO TRADING LTD employed in total 613 persons (586 of whom permanent personnel and 27 seasonal), the subsidiary in Bulgaria employed 760 permanent personnel and the subsidiary in Romania employed 1.724 persons (1.705 of whom permanent personnel and 19 seasonal). 9. Seasonal fluctuation The demand for the Group’s products is seasonal. Historically, it is higher in the period of September, Christmas and Easter. Revenue from the sale of products for the Group for the first half of the current financial year reached 42,12% of the total sales of the previous financial year (01.01.2025- 31.12.2025). The corresponding income of the comparative period 01.01.2025-30.06.2025 reached 40,33% of the total income of the financial year 01.01.2025- 31.12.2025. 10. Significant events during the period 01.01.2026-30.06.2026 The Extraordinary General Meeting of the Company’s shareholders held on 04.02.2026 approved Management’s proposal for an extraordinary cash distribution of a gross amount of €0,50 per share, before the withholding of the applicable dividend tax, corresponding to a total amount of €67.182.780,50. The amount was distributed from extraordinary reserves formed from taxed and undistributed profits of the financial years 01.01.2022-31.12.2022 and 01.01.2023-31.12.2023. The net extraordinary cash distribution, following the withholding of 5% tax, where applicable, amounted to €0,4750 per share, and payment to the beneficiaries commenced on 30.03.2026. The Board of Directors, by resolution dated 25.02.2026, approved the distribution of dividends totalling €70 million from the wholly-owned subsidiary “JUMBO EC.R. S.R.L.” (Romania), out of profits for the financial year 01.07.2018-30.06.2019 and the extended financial year 01.07.2019-31.12.2020.
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 67 As part of the Group’s strategy to acquire leased stores already in operation, with the aim of enhancing operational efficiency and long-term sustainability, the acquisition of the leased store located at the Militari Shopping Center in Bucharest (Romania) was completed, representing the first such acquisition in 2026. In February 2026, the merger by absorption of Indene Properties Limited, Ingane Properties Limited and Introserve Properties Limited by JUMBO Trading Limited was approved, with no material impact on the Group’s financial position, financial performance or operations. On 09.04.2026, the merger by absorption by the Company of its wholly-owned (unlisted) subsidiary under the corporate name “HERALD HELLAS SINGLE-MEMBER SOCIÉTÉ ANONYME FOR REAL ESTATE DEVELOPMENT AND SERVICES 2” (hereinafter the “Absorbed Company”) was completed. Given that the Absorbed Company was a wholly-owned subsidiary of the Company, the merger was effected without any increase in the Company’s share capital and without the issuance of new shares and did not result in any change in the Company’s shareholding structure. Finally, it is noted that, as a result of the merger, the Absorbed Company was struck off the General Commercial Registry (G.E.MI.) and ceased to exist as a legal entity, while the Company became, by operation of law, its universal successor in respect of all its legal relationships. 11. Post-reporting date events The Group’s sales for the eight-month period of the year, from 01.01.2026 to 31.08.2026, increased by approximately 6% compared to the corresponding period last year. The Annual General Meeting of the Company’s shareholders held on 15.07.2026 resolved to distribute a dividend to shareholders from the profits of the 2025 financial year, amounting to a total of €94.055.892,70, based on the Company’s 134.365.561 shares, corresponding to a gross amount of €0,70 per share. The net amount, following the withholding of 5% tax, where applicable, amounted to €0,6650 per share, and payment to the beneficiaries commenced on 28.07.2026. Total cash distributions made during 2026 to date amounted to €161,24 million. The Board of Directors, by resolution dated 22.07.2026, approved the reduction of the share capital of the wholly-owned subsidiary “JUMBO EC.R. S.R.L.” (Romania), through a cash repayment of RON 359,82 million, equivalent to €69,52 million. Following the above reduction, the share capital of “JUMBO EC.R. S.R.L.” amounts to RON 65,42 million . The Board of Directors, by resolution dated 04.08.2026, approved the reduction of the share capital of the wholly-owned subsidiary “JUMBO EC.B. LTD” (Bulgaria), through a cash repayment of €19,88 million. Following the above reduction, the share capital of “JUMBO EC.B. LTD” amounts to €12,43 million. There are no other subsequent events to the financial statements that affect the Group or the Company, for which disclosure due to IFRS is required. The current Six-month Report of the Board of Directors for the period 01.01.2026-30.06.2026 has been published on website at www.e-jumbo.gr (http://corporate.e-jumbo.gr/).
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JUMBO S.A. GROUP OF COMPANIES SIX-MONTH FINANCIAL REPORT for the period from 1st January 2026 to 30th June 2026 68 Moschato, 23th September 2026 The persons responsible for the Financial Statements The President of the Board of Directors The Vice-President of the Board of Directors Chief Executive Officer The Head of the Accounting Department Apostolos -Evangelos Vakakis son of Georgios Dimitrios Kerameus son of Konstantinos Konstantina Demiri daughter of Stavros Panagiotis Xiros son of Kon/nos Identity card no ΑΟ1551665/2025 Identity card no ΑΚ096010/2011 Identity card no ΑΚ541502/29.5.2012 Identity card no Α00592362/07.06.2024