3Q25 INTERIM FINANCIAL REPORT

28 Nov 2025 16:30 CET

3Q25 INTERIM FINANCIAL REPORT

ISIN NO0013364380, XOAM market

As required by para 3.4.4 Interim Reports of ABM Rules, Okechamp Global B.V is
disclosing in the attachment its Condensed Interim Financial Statements for the
9 months ended 30.09.2025.

Highlights:
1. Total sales reached EUR 135.0 million, marking a 0.8% decrease from the
previous year of EUR 136.1 million. Higher sales prices partly offset the
decrease in volume, as the Company is pursuing its repositioning strategy in the
private label market segment.

2. During the reporting period, EBITDA (earnings before interest, tax,
depreciation and amortization), was EUR -0.8 million, reflecting the decrease of
EUR -13.5 million compared to the previous year, mainly due to substantial other
operating income in 2024 of EUR 10.7 million (sale and leaseback of land and
buildings of Velden, NL factory).

3. Gross Margin for the three quarters increased from EUR 45.4 million to EUR
46.0 million (+1.2% YoY). Operational costs rose from EUR 48.2 million to EUR
52.0 million (+8.0% YoY), reflecting only partially the adjustment of fixed
costs to the new production structure and product-mix.

4. Operating Profit (EBIT) decreased of EUR -14.5 million, from EUR 8.4 million
to EUR -6.1 million YoY.

5. Net result after taxes (loss) decreased from EUR 0.5 million for 3Q24 to EUR
-12.6 million for 3Q25, mainly due to substantial other operating income in 2024
of EUR 10.7 million.

6. Total assets at 30 September 2025 of EUR 136.7 million were EUR -11.4 million
lower than at 31 December 2024, which means the decrease of 7.7%.

7. The net assets at the end of September were EUR 30.5 million, and were EUR
7.0 million higher, compared to EUR 23.6 million at 31 December 2024.

8. The equity ratio was 22.3% at 30 September 2025, compared to 16.9% at 31
December 2024.

We draw your attention to the note Significant risks and uncertainties in the
3Q25 interim financial report. Material uncertainties occurred in the 3rd
quarter of 2025, and they continue in the period from 30.09.2025 through
26.11.2025. The management of the Company already informed about these events
and uncertainties in the following current reports published on Oslo ABM NewsWeb
platform:
1. The report 5/2025, published on 07/11/2025, and regarding the opening of
remedial proceedings of Okechamp S.A. (the Subsidiary of the Company).
2. The report 6/2025, published on 14/11/2025, and regarding the events of
default that occurred from 11/09/2025 through 14/11/2025.

The Management of Okechamp Global B.V.
For inquiries, please contact: okechamp.global@okechamp.eu
SJM, 2025-11-28

More information:
Access the news on Oslo Bors NewsWeb site

660880_OKEGLOB 2025-3Q-FS- 20251126.pdf