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

KEY HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 Top-line growth for the first time reporting as LuxExperience Group (illustrative) with Net Sales +1.1% (+5.7% ex-FX) and +0.2% GMV (+4.7% ex-FX) vs. Q2 FY25 Return to profitability on Group level with an Adjusted EBITDA margin of +2.0% in Q2 FY26 as compared to previous quarters Results confirm transformation plan medium-targets of €4bn Net Sales and 7-9% Adj. EBITDA margin Outstanding GMV Growth for Mytheresa of +12.7% ex-FX (+9.9% reported) with Adjusted EBITDA increasing +40% to a 9.3% Adjusted EBITDA margin vs. Q2 FY25 Transformation plan progressing with clear impact: Core Focus of SG&A cost reduction showing first good results; Group Adj. SG&A cost ratio decreasing by 180bps in Q2 FY26, excluding the impact of capitalized IT development costs for better like-for-like comparison Positive Cash Flow from Operating Activities for the Group of €118.5 million MUNICH--(BUSINESS WIRE)--Reissued press release to correct certain line items in the Unaudited Condensed Consolidated Statements of Financial Position and the Unaudited Condensed Consolidated Statements of Changes in Equity. The updated release reads: 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 KEY HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 Top-line growth for the first time reporting as LuxExperience Group (illustrative) with Net Sales +1.1% (+5.7% ex-FX) and +0.2% GMV (+4.7% ex-FX) vs. Q2 FY25 Return to profitability on Group level with an Adjusted EBITDA margin of +2.0% in Q2 FY26 as compared to previous quarters Results confirm transformation plan medium-targets of €4bn Net Sales and 7-9% Adj. EBITDA margin Outstanding GMV Growth for Mytheresa of +12.7% ex-FX (+9.9% reported) with Adjusted EBITDA increasing +40% to a 9.3% Adjusted EBITDA margin vs. Q2 FY25 Transformation plan progressing with clear impact: Core Focus of SG&A cost reduction showing first good results; Group Adj. SG&A cost ratio decreasing by 180bps in Q2 FY26, excluding the impact of capitalized IT development costs for better like-for-like comparison Positive Cash Flow from Operating Activities for the Group of €118.5 million LuxExperience B.V. (NYSE:LUXE) (the “Company”), today announced its financial results for its second quarter of fiscal year 2026 ended December 31, 2025. The leading luxury multi-brand digital platform reported overall growth and return to profitability on adjusted EBITDA level in the second quarter with clear improvement across all three segments. The results in Q2 FY26 confirm that LuxExperience is fully on track with its transformation plan targeting medium-term €4bn Net Sales and a 7-9% Adjusted EBITDA margin. Mytheresa demonstrated continued outstanding GMV growth, outpacing the industry, and significantly increased its Adjusted EBITDA profitability in the second quarter of fiscal year 2026. NET-A-PORTER and MR PORTER showed continued improvement vs. preceding quarters as a direct result of the execution of the group’s new strategic direction with a clear focus on the customer and cost discipline. The Off-Price segment also showed clear signs of improvement based on the back to healthy core strategy followed by the new management. Michael Kliger, Chief Executive Officer of LuxExperience, said, “We are extremely pleased with the results of the second quarter. The initiated turnaround at ex-YNAP already shows good results with growth and a return to adjusted EBITDA profitability at Group level. Our proven ability to deliver profitable growth at Mytheresa is now being applied to the newly acquired businesses by an extremely dedicated and experienced new management. As a Group we truly possess the secret sauce in digital luxury.” Kliger continued, “Over the past decade, Mytheresa has consistently built and grown trusted relationships with its brand partners and customers. These relationships are the foundation of our success. Sustainable and profitable growth in luxury comes from providing brands and customers with the very best in service and experience. We know how to engage with true luxury customers through desirability, emotion, exclusivity, and community. As a Group we will seize the tremendous opportunities that present themselves to us going forward.” LUXEXPERIENCE FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 (on an illustrative basis) Amounts in € million are reported figures unless stated otherwise Net Sales increase of +1.1% reported (+5.7% ex-FX) to €645.1 million as compared to €638.0 million in the prior year quarter GMV growth of +0.2% reported (+4.7% ex-FX) to €684.8 million in Q2 FY26 as compared to €683.5 million in the prior year period Adj. SG&A costs decrease in Q2 FY26 driven by the first results of the transformation plan to 19.1% in relation to GMV, down 180bps from 20.9%, excluding the impact of capitalized IT development costs for better like-for-like comparison Positive Adjusted EBITDA of €13.2 million with an Adjusted EBITDA margin of +2.0% Strong positive Cash Flow from Operating Activities of €118.5 million LUXURY | MYTHERESA FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 Amounts in € million are reported figures unless stated otherwise Net Sales increase of +8.8% reported (+11.6% ex-FX) year over year to €242.7 million as compared to €223.0 million in Q2 FY25 GMV growth of +9.9% reported (+12.7% ex-FX) to €268.9 million in Q2 FY26 as compared to €244.7 million in the prior year period Gross Profit margin of 52.3%, an increase of 140bps year over year Adjusted EBITDA of €22.6 million vs. €16.2 million in Q2 FY25 and an Adjusted EBITDA margin of 9.3% in Q2 FY26 as compared to 7.3% in the prior year period LUXURY | NAP & MRP FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 (on an illustrative basis) Amounts in € million are reported figures unless stated otherwise Net Sales decrease of -1.0% reported (+6.0% ex-FX) year over year to €277.1 million as compared to €279.8 million in the prior year quarter, significant sequential improvement from -10.8 decline reported in Q1 FY26 GMV decrease of -1.9% reported (+4.9% ex-FX) to €290.7 million in Q2 FY26 as compared to €296.2 million in the prior year period, strong sequential recovery from -10.8% decline reported in Q1 FY26 Gross Profit Margin of 46.1% in Q2 FY26 as compared to 46.8% in Q2 FY25, driven by one-time gross-margin increasing effects in the prior year period Significant decrease of the Adj. SG&A cost ratio from 27.6% in Q1 FY26 to 22.7% in Q2 FY26 Adjusted EBITDA of -€1.9 million in Q2 FY26 with an Adjusted EBITDA margin of -0.7% as compared to 4.2% in the prior year period OFF-PRICE | YOOX FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER 31, 2025 (on an illustrative basis) Amounts in € million are reported figures unless stated otherwise Net Sales decrease of -7.3% reported (-4.6% ex-FX) to €125.3 million as compared to €135.2 million in the prior year quarter, sequential recovery from reported -16.5% in Q1 FY26 GMV decline of -12.1% reported (-9.4% ex-FX) to €125.3 million in Q2 FY26 as compared to €142.5 million in the prior year period, clear improvement from reported -19.3% decline in Q1 FY26 Gross Profit Margin of 42.8% in Q2 FY26 as compared to 46.2% in the prior year period Significant decrease of the Adj. SG&A cost ratio from 28.6% in Q1 FY26 to 26.9% in Q2 FY26 Negative Adjusted EBITDA of -€7.5 million in Q2 FY26 with an Adjusted EBITDA margin of -6.0%, sequential improvement from -18.1% in Q1 of FY26 LUXURY | MYTHERESA KEY BUSINESS HIGHLIGHTS Launch of exclusive capsule collections and pre-launches in collaboration with Dolce & Gabbana, Moncler Grenoble, Loewe, Bottega Veneta, Christian Louboutin, Etro, Roger Vivier, Studio Nicholson x Aaron Levine and many more Impactful Top Customer events and “money-can’t-buy” experiences, including Roger Vivier in Paris, Tom Ford in London, and Moncler Grenoble in Gstaad Intensified outreach to high end luxury community with immersive customer experiences like a winter ski pop-up in China, a holiday gift shop in the US and the Maison Mytheresa club in Switzerland Increase in GMV per top customer of +12.5% and strong increase in Average Order Value (AOV) LTM to €824, a 12.0% (reported) increase vs. Q2 FY25 Industry-leading Net Promoter Score of 83.7 in Q2 FY26, up 40bps vs. the prior year period LUXURY | NAP & MRP KEY BUSINESS HIGHLIGHTS(1) NET-A-PORTER and MR PORTER driving customer engagement through uniquely engaging editorial content NET-A-PORTER featured Le Club Rabanne via an exclusive capsule and PORTER Magazine cover; headlined the December issue of PORTER Magazine with a Serena Williams exclusive; and relaunched same day delivery in London and New York, supported by a multi-channel Holiday and Gifting Campaign MR PORTER featured musician and writer Josh Homme in the MR PORTER Journal; launched new video franchises (Ways to Wear, Behind the Brand); executed three gifting video campaigns; and hosted a joint party to kick off the holiday season with Brand Director Jeremy Langmead and actor Billie Piper Growth in GMV per top customer of +3.6% and strong increase in Average Order Value (AOV) LTM to €861 in Q2 FY26, a 13.6% (reported) increase vs. Q2 FY25 Net Promoter Score up 1,200bps to now 65.3 in Q2 FY26 OFF-PRICE | YOOX KEY BUSINESS HIGHLIGHTS(1) First physical events in Berlin and Milan, boosting brand engagement and customer community-building Growth in GMV per top customer of +4.1% and strong increase in Average Order Value (AOV) LTM to €255, a 11.4% (reported) increase vs. Q2 FY25 Net Promoter Score of 50.2 in Q2 FY26, a 2,030bps improvement vs. LY (1) Comparative periods to April 23, 2025 are shown on an illustrative basis GROUP KEY BUSINESS HIGHLIGHTS Partial workforce reduction across several sites now being executed Consolidation of infrastructure including warehouse footprint rationalization and consolidation of studio production facilities Tech migration kicked off with first major milestones in CY 2026 Future cost savings secured based on comprehensive renegotiation of services contracts across the company SALE OF ASSETS POWERING THE OUTNET On October 31, 2025, LuxExperience B.V. and The O Group LLC announced that they have entered into a binding agreement for LuxExperience to sell the set of assets powering THE OUTNET platform: THE OUTNET Assets to be transferred will include the relevant brand rights, customer data, full inventory and the US distribution center as well as required work-force in the US and the UK employees A Cash consideration of USD 30 million will be paid for THE OUTNET Assets, which is subject to adjustment based on inventory levels at closing, and for a certain period after closing LuxExperience will provide certain operational and IT services all priced at cost level LuxExperience will continue its commercial relationship with THE OUTNET also after closing of the transaction Transaction is expected to enable THE OUTNET to achieve its full potential under a renewed independent, stand-alone business model The divestment of THE OUTNET Assets allows LuxExperience to focus off-price resources on its YOOX business and accelerate the overall transformation plan in regard to an efficient infrastructure platform for NET-A-PORTER and MR PORTER Closing of the transaction is expected in Q3 FY26, subject to certain closing conditions, including customary regulatory approvals and payment of the purchase price, which is subject to adjustment based on inventory levels at closing In our financial reporting, the off-price segment refers to the business of YOOX, while THE OUTNET is classified as “discontinued operations” and is no longer considered part of LuxExperience’s core financial performance. UPDATED GUIDANCE With the implementation of our transformation plan executed in line with our targets, we narrow the ranges of our existing guidance for the full FY26. Therefore, LuxExperience now expects for FY26: GMV €2.5 billion to €2.7 billion (previously €2.4 billion to €2.7 billion) and an Adjusted EBITDA margin between -1% to +1% (previously -2% to +1%) CONFERENCE CALL AND WEBCAST INFORMATIONRead the full story here

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

Інші новини компанії