CORRECTING and REPLACING Q2 FY26 Results: LuxExperience Group reports Net Sales growth of +5.7% ex-FX and return to Adjusted EBITDA profitability, fully confirming the transformation plan targets

Core Insights - LuxExperience Group reported a net sales growth of +5.7% excluding foreign exchange (FX) effects and returned to adjusted EBITDA profitability, confirming the targets of its transformation plan [1][2] Financial Highlights - Positive cash flow from operating activities amounted to €118.5 million for the second quarter ended December 31, 2025 [1][2] - The adjusted SG&A cost ratio decreased by 180 basis points to 19.1% in Q2 FY26, excluding capitalized IT development costs [1][2] - Mytheresa achieved a GMV growth of +12.7% ex-FX (+9.9% reported) with adjusted EBITDA increasing by +40% to a 9.3% margin compared to Q2 FY25 [1][2] - The group confirmed medium-term targets of €4 billion in net sales and a 7-9% adjusted EBITDA margin [1][2] - The adjusted EBITDA margin for the group was +2.0% in Q2 FY26, marking a return to profitability [1][2] Segment Performance Luxury | Mytheresa - Adjusted EBITDA reached €22.6 million with a margin of 9.3%, up from 7.3% in Q2 FY25 [2] - GMV grew by +9.9% reported (+12.7% ex-FX) to €268.9 million [2] - Net sales increased by +8.8% reported (+11.6% ex-FX) to €242.7 million [2] Luxury | NAP & MRP - Adjusted EBITDA was -€1.9 million with a margin of -0.7%, down from 4.2% in the prior year [2] - GMV decreased by -1.9% reported (+4.9% ex-FX) to €290.7 million [2] - Net sales decreased by -1.0% reported (+6.0% ex-FX) to €277.1 million [2] Off-Price | YOOX - Adjusted EBITDA was -€7.5 million with a margin of -6.0%, an improvement from -18.1% in Q1 FY26 [2] - GMV declined by -12.1% reported (-9.4% ex-FX) to €125.3 million [2] - Net sales decreased by -7.3% reported (-4.6% ex-FX) to €125.3 million [2] Strategic Developments - The company is executing a transformation plan with a focus on cost discipline and customer engagement [1][2] - A binding agreement was made to sell assets powering THE OUTNET platform for a cash consideration of USD 30 million, allowing LuxExperience to concentrate on its YOOX business [3][4] - The divestment is expected to enhance the overall transformation plan and improve infrastructure efficiency for NET-A-PORTER and MR PORTER [3][4]