SUWEN TEKSTİL SANAYİ PAZARLAMA A.Ş.

Investor Presentation • Nov 10, 2025

LEGAL DISCLAIMER

TABLE OF CONTENT

HIGHLIGHTS

FINANCIAL RESULTS

SALES AND OPERATIONAL DEVELOPMENTS

APPENDIX

01 HIGHLIGHTS

Highlights 9M 2025

Consolidated Highlights		Turkiye Highlights
4.359 TRY m Revenue	6.6% Revenue Growth	5.6% Retail Revenue Growth	17.9% Online Revenue Growth
843 TRY m EBITDA	19.3% EBITDA Margin	126 m2 Average Store Footprint	51 cities 186 mono brand stores
109 TRY m Net Profit	-392 TRY m Net Debt (Excl. IFRS16 lease liabilities)	11.1 million Visitors in stores	1.723 TRY TL Average Ticket Size

Inflation-adjusted revenue grew by 6.6% YoY.

• Retail revenue in Türkiye increased 5.6% YoY; e-commerce continued to outperform, cdelivering a strong growth 17.9% YoY.
• In the first nine months of 2025 store traffic totaled 11.1 million visits; average store size stood at 126 m2.
• Average basket size reached TRY 1,723.
• EBITDA margin was 19.3% in the first nine months of 2025.

As of September 30, 2025, net debt stood at ~ TRY 392 million.

Store footprint in Türkiye reached 186 (retail 181, franchise 5).

International footprint totaled 15 stores: retail 9 (Romania 7, Cyprus 2) and franchise 6.

02 FINANCIAL RESULTS

CONSOLIDATED FINANCIAL RESULTS (1/2)

• Despite challenging economic conditions, revenue grew by 4.3% in the third quarter, maintaining a steady growth trend. •
• For the first nine months of 2025, revenue increased by 6.6%, reaching ~ TRY 4.4 billion. •

• The gross profit margin rose to 49.3% in the third quarter, up 60 basis points YoY, as operational efficiency continued to support profitability. •
• For the first nine months of 2025, gross profit increased by 2.4% to TRY 2.2 billion. •

CONSOLIDATED FINANCIAL RESULTS (2/2)

EBITDA grew by 4.9% in the third quarter to TRY 380 million, with the margin edging up YoY to 21.5%. • •

Net profit stood at TRY 38 million in the third quarter. The 69% year-onyear decline was mainly driven by higher financing costs resulting from increased borrowings compared to September 30, 2024, reflecting the impact of ongoing investments. For the first nine months of 2025, net profit amounted to TRY 109 million.

CONSOLIDATED BALANCE SHEET HIGHLIGHTS

Net Debt (Milion TRY) – Excl. IFRS16 Lease Liabilities

(*) The net debt calculation excludes ~ TRY 145 million related to "Treasury Shares".

CAPEX (Million TRY)

CapEx reached TRY 327 million in 9M 2025, driven by 8 new store openings, 16 renovations, and the relocation of the HQ. Total investments accounted for 7.5% of sales.

Net Debt (Milion TRY) – Incl. IFRS16 Lease Liabilities

X,X Net Debt / EBITDA (LTM) X,X Net Debt / EBITDA (LTM)

Net Working Capital (Million TRY)

03 SALES AND OPERATIONAL DEVELOPMENTS

REVENUE BY CHANNEL (1/2)

Revenue by Channel (Million TRY) Revenue by Channel (%)

REVENUE BY CHANNEL (2/2)

TURKIYE RETAIL OPERATIONS (1/2)

# of Invoices ('000 Unit)

Average Ticket Size (TRY)

TURKIYE RETAIL OPERATIONS (2/2)

The retail footprint expanded with eight new store openings in the first nine months of 2025.

Concept upgrades were completed in 16 stores.

130 148 165 ^{175 176 179 181} 8 7 5 ^{5 5 5 5} 138 155 170 180 181 184 186

2021 2022 2023 2024 2025 Q1 2025 Q2 2025 Q3

E-COMMERCE OPERATIONS

(*) The visitor numbers on suwen.com.tr refer to the total number of sessions.

An integrated omnichannel

model designed around customer preferences, ensuring a seamless experience across physical and digital channels.

suwen.com.tr

Average Monthly Visitors 1,5 m

Conversion Rate %1,1

Hayatın İçinde Suwen var! Suwen is now just one tap away.

Total 1.403,99 TL

O 8 Home Cates

im de

REVENUE BY PRODUCT CATEGORY (*)

Bras, panties, camisoles and corsets

Pyjamas, nighties and morning gowns

Bikinis, swimsuits, cover-ups, and beach accessories

Pantyhoses, socks, tights

2,5% 0,7% 0,2%

Bra accessories, silicone pads and garter bands

HOSIERY ACCESSORIES COSMETICS

Bodymist, soap, cologne

WE HAVE THE POWER WITHIN US

Suwen is a brand that supports women's employment and women's power. 90% of its employees are women, and 55% of them are managers.

In order to support the success of women's volleyball in Turkey, we are also the official sponsor of the Sultans of the Net between 2023 and 2026.

04 APPENDIX

AWARDS

SUMMARY CONSOLIDATED INCOME STATEMENT

	01.01	01.07	01.01	01.07	Δ (%)	Δ (%)
Thousands of TRY	30.09.2025	30.09.2025	30.09.2024	30.09.2024	(2025/24)	(Q3' 25/24)
Revenue	4.359.164	1.770.941	4.087.969	1.697.228	7%	4%
Cost of Sales (-)	(2.126.566)	(897.369)	(1.906.701)	(870.442)	12%	3%
Gross Profit	2.232.598	873.573	2.181.268	826.786	2%	6%
Gross Profit (%)	51,2%	49,3%	53,4%	48,7%	-214bps	61bps
Operating Expenses (-)	(1.825.123)	(655.559)	(1.688.108)	(611.299)	8%	7%
Other Income/(Expense) from Main Operations, net	(33.209)	(23.980)	32.164	18.715	(203%)	(228%)
Operating Profit	374.266	194.034	525.324	234.202	(29%)	(17%)
Operating Profit (%)	8,6%	11,0%	12,9%	13,8%	-426bps	-284bps
Income/(Expense) from Investing Activities, net Operating Profit Before Financial Expense	4.681 378.947	779 194.814	10.779 536.104	3.993 238.195	(57%) (29%)	(80%) (18%)
Financial Income/(Expense), net	(480.907)	(193.395)	(332.194)	(105.924)	45%	83%
Monetary gain/(loss)	318.543	75.578	179.513	69.469	77%	9%
Profit Before Tax from Continuing Operations	216.583	76.997	383.422	201.739	(44%)	(62%)
Taxes on Income	(44.427)	(44.427)	(84.324)	(33.669)	(47%)	32%
Deferred Tax Income/(Expense)	(63.643)	5.733	(38.792)	(43.949)	64%	(113%)
Net Profit for the Year	108.514	38.302	260.307	124.122	(58%)	(69%)
Net Profit for the Year (%)	2,49%	2,16%	6,37%	7,31%	-388bps	-515bps
EBITDA	843.237	380.342	909.122	362.617	(7%)	5%
EBITDA (%)	19,3%	21,5%	22,2%	21,4%	-289bps	11bps

SUMMARY CONSOLIDATED BALANCE SHEET

Thousands of TRY	31.12.2024	30.09.2025	Change (%)
Current Assets	2.041.430	1.728.110	(15,3%)
Non-current Assets	1.264.402	1.688.573	33,5%
Total Assets	3.305.831	3.416.683	3,4%
	4.050.000	4.045.600	(4.50/)
Current Liabilities	1.272.280	1.215.620	(4,5%)
Non-current Liabilities	456.590	614.911	34,7%
Total Liabilities	1.728.870	1.830.531	12,0%
Equity	1.576.961	1.586.152	3,3%
Total Liabilities & Equity	3.305.831	3.416.683	3,4%

COMPANY PROFILE

SUWEN