Kofola CescoSlovensko A.S.

Investor Presentation • Nov 25, 2025

25 NOVEMBER 2025

KOFOLA GROUP INVESTOR PRESENTATION

KOFOLA GROUP

Is today one of the most important beverage producers in Central and Eastern Europe.

CZK 8.17 bn

Revenue 9M 2025

CZK 1.40 bn

EBITDA 9M 2025

14

Production plants

3,300+

Employees

OUR ROOTS ARE IN CZECHOSLOVAKIA

THE GROUP'S LONG-TERM AMBITION IS TO BE THE MARKET LEADER

Sales in countries where Kofola Group is number one or two in the soft drinks market account for 89% of our total revenue.

OUR BEVERAGE PORTFOLIO COVERS ALL CATEGORIES

Category	Most important own brands	Distributed and license brands
Carbonated Beverages	pkofola linea top tara	ROYAL CROWN.
Waters	RAJEC. Fraclemba KLÁSTORNÁ STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STUDENAC STU	evian VINCENTRA
Non-carbonated Beverages	JUPIK PREMIUM ROSA NASZE DOMOWE
Syrups	jupi
Fresh & Salad Bars	UGO
Beers & Ciders	ZAL DIS72 PRAGER+S RYZÍ PIVO Z HOR
Other	SEMTEX PAINFOREST CAFE RESERVA SENDING LEROS VENDING	Dilmah

LONG-TERM DEVELOPMENT

Revenue* (CZKm)

■ Excl. acquisitions

5057

▶ 12.9% CAGR 11,082 10,777 1,394 8,690 7,875 6,636 6,172 112 10,731 531 9,688 8,690 7,875 6,525 5,641

2023

EBITDA* (CZKm)

Grey chart represents an acquisition effect between two subsequent periods.

5055

^*Adjusted for one-offs.

^** Difference relates to negative EBITDA of companies acquired in 2025.

HIGHLIGHTS

Kofola is investing in its own coffee business and is preparing its own coffee roasting plant in Strážnice, South Moravia. The goal is to create a fully integrated coffee channel that will include both the sale of green coffee for small roasters and the production of its own roasted specialty coffee products.

What will Christmas smell like? This year, Kofola is capturing the classic spirit of the holidays with a new limited-edition flavor: Kofola Christmas Punch. This festive blend brings the authentic, comforting aroma and flavor of traditional Christmas punch, perfect for sharing a toast with family and friends.

Semtex brand follows on from last year's Pop Your Bubble campaign, which encourages everyone to step out of their comfort zone and try something that will push them further. Semtex wants to inspire courage and authenticity. That's why it has joined forces with ambassadors who show that stepping out of your comfort zone simply pays off.

OUR SUSTAINABILITY EFFORTS

HOW WE THINK ABOUT OUR ACTIVITIES

Our Sustainability report is a part of the Annual report, which is available at our website.

WE LOOK FOR DIRECT SOURCES OF QUALITY INGREDIENTS, WHICH WE LEARN TO GROW OURSELVES

We grow our own herbs and use them in our drinks. We prefer local ingredients from proven sources.

We're breaking into apple growing. We planted a special variety for F. H. Prager ciders.

In 2023, we acquired a share in the coffee plantations in Colombia, gaining experience in coffee cultivation.

BEVERAGES ARE PRODUCED USING MODERN TECHNOLOGIES THAT ENSURE QUALITY AND HEALTHINESS

The filling of beverages on the aseptic line takes place in a sterile environment. As a result, no preservatives are needed for production.

Also, the hot filling technology at temperatures of approximately 90 °C enables the production of preservative-free children's drinks and syrups.

Thanks to High Pressure Pascalization, UGO juices do not lose their colour, taste or vitamins and last fresh for up to six weeks.

WE TAKE A REDUCE-REUSE-RECYCLE APPROACH TO PACKAGING

REDUCE

We don't pack 75 million draft pints at all.

We lighten PET packaging.

REUSE

We prefer reusable packaging.

We use returnable bottles and porcelain tableware in HoReCa.

Thanks to deposit return systems we close the circular loop of PET bottles and cans.

We use rPET.

We are co-owners of a PET regranulate company.

WASTE IS NOT THE END FOR US, BUT OFTEN THE BEGINNING

The best waste is the waste that does not happen. We use reusable transport packaging as well as pallets made from recycled mixed plastic.

Together with Biopekárna Zemanka, we can bake healthy biscuits from the residue after production of fruit and vegetable juices.

We give new life to old parasols. We can make practical bags out of them..

Energy saving

Water saving

Waste Eko

products Gardens

VISION 2030

KOFOLA GROUP KEY 9M 2025 FINANCIAL INDICATORS*

^*Adjusted for one-offs.

^** MIXA VENDINGs.r.o. (49%) acquired in Jan 2024 was, based on management control, fully consolidated. During the final audit as of 31 Dec 2024, it was decided that the company should be classified as a joint venture and the consolidation method was changed. The company is therefore consolidated using equity method. For that purpose, comparative data for respective quarters have been adjusted accordingly.

KOFOLA GROUP KEY 3Q 2025 FINANCIAL INDICATORS*

EBITDA (CZKm) EBITDA per main business segments (CZKm)

Profit/(loss) for the period (CZKm)

^*Adjusted for one-offs.

^** MIXA VENDING s.r.o. (49%) acquired in Jan 2024 was, based on management control, fully consolidated. During the final audit as of 31 Dec 2024, it was decided that the company should be classified as a joint venture and the consolidation method was changed. The company is therefore consolidated using equity method. For that purpose, comparative data for respective quarters have been adjusted accordingly.

REVENUE BY PRODUCT LINE

REVENUE BY COUNTRIES

KEY MESSAGES*

YTD RESULTS

• Group's revenue decreased by 305 CZKm (3.6%).
• Group's EBITDA lower by 188 CZKm (11.8%).
• Volumes lower by 14.1% (CS and Adriatic segment) and lower by 12.6% (Beers & Ciders).

COSTS DEVELOPMENT

All major costs developed according to expected trends.

QTD RESULTS

• Group's revenue decreased by 251 CZKm (7.5%).
• Group's EBITDA lower by 8 CZKm (1.1%).
• Volumes lower by 21% (CS and Adriatic segment) and lower by 11.6% (Beers & Ciders).

MACROECONOMICS

• No direct effect of Ukraine crisis on the Group.
• No direct effect of ongoing tariff war.

INNOVATIONS

• New own brand of fruit drinks and juices - Curiosa.
• New product in the form of DILMAH Ice Tea.
• Jupík Ovokous healthy snack for children (fruit pieces without added sugar).

M&A

• In Jan 25, acquisition of Krondorf a.s.
• In Mar 25, acquisition of Vending s.r.o. (finalized in Aug 25)
• In Apr 25, acquisition of PRAGEROVA SKLIZEN s.r.o.
• In Apr 25, acquisition of TAYLOR PAPA LALO COFFEE S.A.

* Based on results adjusted for one-offs. 23

BUSINESS SEGMENTS

OUR BUSINESS IS HEALTHY DIVERSIFIED

OUR BUSINESS CONSISTS OF FOUR MAIN SEGMENTS

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REVENUE QTD | CZECHOSLOVAKIA

Sales in litres ('000)

CZECHIA		3Q25	3Q24	Change
On premise	>	8,913	9,999	(10.9%)
On the go	\	17,978	19,205	(6.4%)
At home	\	91,551	101,942	(10.2%)
Total	\	118,442	131,146	(9.7%)

SLOVAKIA		3Q25	3Q24	Change
On premise	¥	9,523	10,813	(11.9%)
On the go	¥	7,209	8,079	(10.8%)
At home	\	41,034	47,835	(14.2%)
Total	`\	57,766	66,727	(13.4%)

^* Excludes revenue from sales of services and material.

At home – Syrups and drinks in 1.5l+ packaging. On premise – Drinks in KEGs and glass bottles. On the go – Drinks in cans and 1l- packaging.

REVENUE YTD | CZECHOSLOVAKIA

Sales in litres ('000)

CZECHIA		9M25	9M24	Change
On premise	>	21,991	23,871	(7.9%)
On the go	>	48,873	50,991	(4.2%)
At home	>	251,608	267,063	(5.8%)
Total	>	322,472	341,925	(5.7%)

SLOVAKIA		9M25	9M24	Change
On premise	\	21,297	23,207	(8.2%)
On the go	>	19,081	20,881	(8.6%)
At home	Y	102,459	123,163	(16.8%)
Total	Y	142,837	167,251	(14.6%)

^* Excludes revenue from sales of services and material.

At home – Syrups and drinks in 1.5l+ packaging. On premise – Drinks in KEGs and glass bottles. On the go – Drinks in cans and 1l- packaging.

REVENUE AND EBITDA | CZECHOSLOVAKIA

REVENUE QTD | ADRIATIC

Revenue by packaging formats* (CZKm)

Sales in litres ('000)

SLOVENIA		3Q25	3Q24	Change
On premise	>	5,559	5,823	(4.5%)
On the go	×	5,483	6,255	(12.3%)
At home	\sqrt	18,764	21,648	(13.3%)
Total	`\	29,806	33,726	(11.6%)

CROATIA		3Q25	3Q24	Change
On premise	>	4,635	5,056	(8.3%)
On the go	>	2,797	2,746	1.9%
At home	>	12,006	12,810	(6.3%)
Total	\	19,438	20,612	(5.7%)

^* Excludes revenue from sales of services and material.

At home – Syrups and drinks in 1.5l+ packaging. On premise – Drinks in KEGs and glass bottles. On the go – Drinks in cans and 1l- packaging.

REVENUE YTD | ADRIATIC

Revenue by packaging formats* (CZKm)

Sales in litres ('000)

SLOVENIA		9M25	9M24	Change
On premise	$\Rightarrow$	14,899	14,896	0.0%
On the go	¥	14,117	14,572	(3.1%)
At home	¥	51,943	53,635	(3.2%)
Total	¥	80,959	83,103	(2.6%)

CROATIA		9M25	9M24	Change
On premise	>	8,514	8,763	(2.8%)
On the go	7	6,055	5,800	4.4%
At home	>	29,166	31,416	(7.2%)
Total	7	43,735	45,979	(4.9%)

^* Excludes revenue from sales of services and material.

At home – Syrups and drinks in 1.5l+ packaging. On premise – Drinks in KEGs and glass bottles. On the go – Drinks in cans and 1l- packaging.

REVENUE AND EBITDA | ADRIATIC

Adjusted EBITDA (CZKm)

• EBITDA margin ■ EBITDA 32.1% 25.9% 20.1% 21.0% 291 273 176 153 3Q25 3Q24 9M25 9M24

Long-term view | Adjusted EBITDA (CZKm)

FRESH & HERBS* | UGO

^* Fresh & Herbs segment further includes companies PRAGEROVY SADY LIBINA s.r.o., PRAGEROVA SKLIZEŇ s.r.o. and TAYLOR PAPA LALO COFFEE S.A. (not disclosed separately in the presentation due to immateriality).

FRESH & HERBS* | LEROS AND PREMIUM ROSA

Producer of premium natural products such as syrups, juices and jams.

Certified producer of medical-grade herbal teas with history dating back to 1954. Owner of the Trepallini and Café Reserva brands. Distributor of Dilmah teas.

^* Fresh & Herbs segment further includes companies PRAGEROVY SADY LIBINA s.r.o., PRAGEROVA SKLIZEŇ s.r.o. and TAYLOR PAPA LALO COFFEE S.A. (not disclosed separately in the presentation due to immateriality).

REVENUE AND EBITDA | FRESH & HERBS

Adjusted EBITDA (CZKm)

Long-term view | Adjusted EBITDA (CZKm)

PERFORMANCE QTD* | BEERS & CIDERS

Revenue by packaging formats (CZKm)

Sales in litres ('000)

Breweries	_	3Q25	3Q24	Change
CZ Brand	>	14,410	15,710	(8.27%)
Export	>	6,750	9,360	(27.9%)
Other	7	600	320	87.5%
Total	7	21,760	25,390	(14.3%)

Adjusted EBITDA (CZKm)

^* Beers & Ciders segment further includes company F.H. Prager s.r.o., PRAGER'S s.r.o. and FONTÁNA PCZG s.r.o. (not disclosed separately in the presentation) and is presented in gross revenue.

Beers & Ciders

PERFORMANCE YTD* | BEERS & CIDERS

Revenue by packaging formats (CZKm)**

Sales in litres ('000)

Breweries		9M25	9M24	Change
CZ Brand	¥	38,460	42,060	(8.6%)
Export	¥	19,950	26,570	(24.9%)
Other	>	2,140	660	224.2%
Total	\ \	60,550	69,290	(12.6%)

Adjusted EBITDA (CZKm)**

^* Beers & Ciders segment further includes company F.H. Prager s.r.o., PRAGER'S s.r.o. and FONTÁNA PCZG s.r.o. (not disclosed separately in the presentation) and is presented in gross revenue.

** Data for the prior year are presented from 1 January 2024 to 30 September 2024 (not from acquisition date - 8 March 2024) due to comparability of total volumes with the same period in the prior year.

SELECTED FINANCIAL PERFORMANCE INDICATORS

Gross and net debt calculation (CZKm)

	30-09-25	31-12-24	30-09-24
L/T bank loans	4,483.6	3,692.1	4,081.9
L/T lease liabilities	358.3	299.4	267.6
S/T bank loans	1,006.5	1,077.0	733.4
S/T lease liabilities	140.8	115.2	116.0
Gross debt	5,989.2	5,183.7	5,198.9
Cash	(697.5)	(1,230.0)	(1,543.4)
Net debt	5,291.7	3,953.7	3,655.5

Change of Net debt / adjusted LTM EBITDA

Increase of Net debt / adjusted LTM EBITDA ratio reflects lower cash balance, increase in borrowings and lower adjusted LTM EBITDA of the Kofola Group.

M&A STRATEGY | WHERE WE INVEST?

Authentic healthy raw materials

Extension of our portfolio

Mineral water

Strong love brands

Synergies with current business

Geographic expansion

European countries up to 10 million inhabitants

EBITDA GOAL 2025 - BRIDGE

Published EBITDA goal 2025	CZK 1.86 bn	Rounded to one decimal point CZK 1.9 bn
Czech market	CZK (0.05) bn	Even the promising end of August and the first part of September was outweighed by persistently weak consumer sentiment.
Beer export	CZK (0.02) bn	Ongoing downturn among Eastern European customers.
Adriatic market	CZK (0.01) bn	A key customer representing 9% of Adriatic revenues decided to discontinue the sale of branded products.
Other factors	CZK (0.03) bn	The aggregate effect results from several individual factors, each contributing an impact in the low single-digit millions.
Updated EBITDA goal 2025	CZK 1.75 bn

GOALS

	2025
EBITDA	CZK 1.75 b n
Revenue development	(4%)
Max CAPEX (% of EBITDA)	60%
Dividend per share paid out in 2025	21 CZK*
Net debt / EBITDA	3.0

O

^* Advance dividend payment for year 2024 in amount of CZK 7.50 per share before tax was paid out already in October 2024.

REVENUE DEVELOPMENT

Period	Change
October 2025 vs October 2024 – Value	c. (1%)
October 2025 vs October 2024 – Volume	c. (7%)

OUR WORK IS ALSO APPRECIATED BY OUR SURROUNDINGS

PR LEMUR Awards

Kofola received the highest award, GRAND PRIX Golden Lemur, for its flood communication campaign "Let's Bring the Barrels Home" and the #zlasky project for localities, as well as 1st place in the Crisis Communication category.

Randstad Award

Kofola ČeskoSlovensko ranked 1st in the FMCG industry category in the Randstad Award for the best employers and overall took 5th place.

Zubr Gradus 12 is the best pale lager in the Czech Republic

The mighty roar of Zubr is echoing across the country once again. The Přerov brewery has built on its bold redesign and new positioning with another major triumph. In the main category of pale lagers at the Czech Beer 2025 tasting competition, Zubr Gradus took first place.

Kofola is the most trusted brand among carbonated soft drinks

Kofola once again earned the title of Most Trusted Brand in its category in both the Czech Republic and Slovakia. Consumers rated nearly 900 brands in an independent survey. In this year's edition, customers primarily highlighted reliability and quality as the key factors driving trust.

Poland •

Slovenia

Croatia

Czechia

Slovakia 🛡

WE ARE NOT AFRAID TO ENTER NEW SEGMENTS AND LEARN NEW THINGS

WE SEEK AND UTILIZE OPPORTUNITIES AROUND US

Overview of key acquisitions

WHAT WE HAVE ACHIEVED IN THE LAST THREE YEARS

2022

We introduced the Cirkulka returnable bottle system.

We started developing startup projects in our business incubator.

After herbs, we also learn to grow apples and coffee. We became co-owners of coffee plantations in Colomia.
We have launched Kombucha – a healthy drink full of probiotic

cultures.

Through acquisitions, we entered two new segments – brewing and beverage vending machines.

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STABLE OWNERSHIP STRUCTURE ALLOWS US TO FOCUS ON THE DEVELOPMENT OF THE GROUP

Free float (others)

Currently 6.1 million shares at Prague Stock Exchange.

Radenska d.o.o.

Free float (key management persons - excl. Lykos alfa owners)

Currently 0.2 million shares at Prague Stock Exchange.

67.22%

Lykos alfa a.s.

Majority shares in hands of:

Jannis Samaras

Niky and René Sommer

René Musila

Tomáš Jendřejek

SHARES OWNED BY KEY MANAGEMENT PERSONS

Development in years by type of transaction

■ Increase ■ Decrease

Pcs 31-12-2017
Purchases 2018 Purchases 2023 Sales 2022 Purchases 2021
Purchases 2021
Purchases 2022
Pair shares 2022 O24* 2024 2025 2025 2025

Sales 2025

Purchases 2025 Sales 2025

Pos 30.09.2025

* Entitlement from Option scheme.

52

RESULTS OF KOFOLA GROUP | 9M 2025

Reconciliation of reported and adjusted results (CZKm)	Reported	One-offs	Adjusted
Revenue	8,170.3	-	8,170.3
Cost of sales	(4,256.8)	-	(4,256.8)
Gross profit	3,913.5	-	3,913.5
Selling, marketing and distribution costs	(2,531.5)	-	(2,531.5)
Administrative costs	(526.6)	-	(526.6)
Other operating income/(costs), net	(12.9)	19.8	6.9
Operating profit/(loss)	842.5	19.8	862.3
Depreciation and amortisation	538.7	-	538.7
EBITDA	1,381.2	19.8	1,401.0
Finance income/(costs), net	(136.6)	-	(136.6)
Income tax	(177.7)	(4.1)	(181.8)
Profit/(loss) for the period	528.2	15.7	543.9
- attributable to shareholders of Kofola ČeskoSlovensko a.s.	481.6	15.6	497.2

One-offs

• Net gain on sold items of Property, plant and equipment of CZK 12.5 million recognized in all business segments.
• Advisory costs of CZK 9 million (CzechoSlovakia segment).
• Costs connected to floods amounting to CZK 20.7 million mainly related to repair costs of properties (CzechoSlovakia segment). Insurance compensations related to these costs incurred in 2025 are expected to be received in 4Q25.
• Insurance compensation connected to floods of CZK 0.2 million (Fresh & Herbs segment).
• Restructuring costs of CZK 2.8 million (Fresh & Herbs segment).

GROUP RESULTS COMPARISON 9M*

(CZKm)	9M25	9M24** restated	Change	Change (%)
Revenue	8,170.3	8,475.7	(305.4)	(3.6%)
Cost of sales	(4,256.8)	(4,513.9)	257.1	(5.7%)
Gross profit	3,913.5	3,961.8	(48.3)	(1.2%)
Selling, marketing and distribution costs	(2,531.5)	(2,330.8)	(200.7)	8.6%
Administrative costs	(526.6)	(524.9)	(1.7)	0.3%
Other operating income/(costs), net	6.9	24.5	(17.6)	(71.8%)
Operating profit/(loss)	862.3	1,130.6	(268.3)	(23.7%)
Depreciation and amortisation	538.7	458.3	80.4	17.5%
EBITDA	1,401.0	1,588.9	(187.9)	(11.8%)
Finance income/(costs), net	(136.6)	(241.4)	104.8	(43.4%)
Income tax	(181.8)	(223.5)	41.7	(18.7%)
Profit/(loss) for the period	543.9	665.7	(121.8)	(18.3%)
- attributable to shareholders of Kofola ČeskoSlovensko a.s.	497.2	594.5	(97.3)	(16.4%)

Comments

• Impact of sugar tax implemented in Slovakia and unfavourable weather in 2025, which caused volume decrease (in liters) and resulted in worse financial results compared to 2024. Decline of export within breweries.
• Costs on sweeteners were lower (price effect of 121.5 CZKm). Energy costs decreased by 20.7 CZKm, increase of costs on PET (price effect of 9.4 CZKm). Lower prices of material inputs.
• Gross margin increased from 46.7% to 47.9%.
• Higher Selling, marketing and distribution costs relate mainly to breweries – especially rebranding of Zubr and Holba brands and also higher transportation costs.
• EBITDA margin at 16.9% vs 18.5% in 9M24.
• Interest expense (net of derivatives) 191 CZKm in 9M25 (236 CZKm in 9M24).
• FX gain of 67 CZKm in 9M25 (FX loss of 32 CZKm in 9M24).
• Lower income tax resulting from lower taxable profits.

^* Adjusted for one-offs.

^** MIXA VENDING s.r.o. (49%) acquired in Jan 2024 was, based on management control, fully consolidated. During the final audit as of 31 Dec 2024, it was decided that the company should be classified as a joint venture and the consolidation method was changed. The company is therefore consolidated using equity method. For that purpose, comparative data for respective quarters have been adjusted accordingly.

GROUP RESULTS COMPARISON 3Q*

(CZKm)	3Q25	3Q24** restated	Change	Change (%)
Revenue	3,105.7	3,357.1	(251.4)	(7.5%)
Cost of sales	(1,488.3)	(1,727.2)	238.9	(13.8%)
Gross profit	1,617.4	1,629.9	(12.5)	(0.8%)
Selling, marketing and distribution costs	(882.1)	(876.9)	(5.2)	0.6%
Administrative costs	(174.7)	(181.8)	7.1	(3.9%)
Other operating income/(costs), net	(12.3)	2.1	(14.4)	(685.7%)
Operating profit/(loss)	548.3	573.3	(25.0)	(4.4%)
Depreciation and amortisation	178.9	161.7	17.2	10.6%
EBITDA	727.2	735.0	(7.8)	(1.1%)
Finance income/(costs), net	(47.8)	(84.1)	36.3	(43.2%)
Income tax	(104.8)	(106.9)	2.1	(2.0%)
Profit/(loss) for the period	395.7	382.3	13.4	3.5%
- attributable to shareholders of Kofola ČeskoSlovensko a.s.	372.0	346.9	25.1	7.2%

Comments

• The sold volume decreased by 21% in CS and Adriatic segment. At home formats were impacted the most. Beers & Ciders segment decreased by 14.3%.
• 3Q25 has similar development as 9M25.
• EBITDA margin at 23.2% vs 21.5% in 3Q24.

^* Adjusted for one-offs.

^** MIXA VENDING s.r.o. (49%) acquired in Jan 2024 was, based on management control, fully consolidated. During the final audit as of 31 Dec 2024, it was decided that the company should be classified as a joint venture and the consolidation method was changed. The company is therefore consolidated using equity method. For that purpose, comparative data for respective quarters have been adjusted accordingly.

CONSOLIDATED INCOME STATEMENT*

(CZKm)	9M25	9M24*** restated	2024**	2023**	2022**	2021**	2020**
Revenue	8,170.3	8,475.7	11,082.0	8,690.1	7,875.3	6,636.2	6,171.5
Cost of sales	(4,256.8)	(4,513.9)	(6,037.1)	(4,802.7)	(4,564.0)	(3,710.2)	(3,349.5)
Gross profit	3,913.5	3,961.8	5,044.9	3,887.4	3,311.3	2,926.0	2,822.0
Selling, marketing and distribution costs	(2,531.5)	(2,330.8)	(3,201.0)	(2,487.8)	(2,330.0)	(2,033.6)	(2,041.7)
Administrative costs	(526.6)	(524.9)	(705.9)	(707.1)	(466.5)	(466.4)	(425.7)
Other operating income/(costs), net	6.9	24.5	38.9	26.5	17.8	93.0	55.6
Operating profit/(loss)	862.3	1,130.6	1,176.9	719.0	532.6	519.0	410.2
EBITDA	1,401.0	1,588.9	1,851.0	1,253.4	1,110.4	1,128.1	1,030.3

^* Adjusted for one-offs. ** All Y/E periods audited.

^*** MIXA VENDING s.r.o. (49%) acquired in Jan 2024 was, based on management control, fully consolidated. During the final audit as of 31 Dec 2024, it was decided that the company should be classified as a joint venture and the consolidation method was changed. The company is therefore consolidated using equity method. For that purpose, comparative data for respective quarters have been adjusted accordingly.

CONTACT

Should you have any question related to Kofola Group do not hesitate to contact our investor relations office:

Jiří Rypar

investor@kofola.cz

• 420 737 118 957

http://investor.kofola.cz/en

Kofola ČeskoSlovensko a.s.

Nad Porubkou 2278/31a 708 00 Ostrava – Poruba Czech Republic

AUTHORIZATION

This presentation has been authorized by the Board of Directors of Kofola ČeskoSlovensko a.s. on 25 November 2025.

This presentation ("the Presentation") has been prepared by Kofola ČeskoSlovensko a.s. ("the Company").

The Company has prepared the Presentation with due care, however certain inconsistencies or omissions might have appeared in it. Information related to quarterly results is subject to limited procedures, balances as of 31 March and 30 September are provided for Net debt only. Therefore it is recommended that any person who intends to undertake any investment decision regarding any security issued by the Company or its subsidiaries shall only rely on information released as an official communication by the Company in accordance with the legal and regulatory provisions that are binding for the Company.

It should be also noted that forward-looking statements, including statements relating to expectations regarding the future financial results give no guarantee or assurance that such results will be achieved. The Board of Directors' expectations are based on present knowledge, awareness and/or views of the Company's Board of Directors' members and are dependent on a number of factors, which may cause that the actual results that will be achieved by the Company may differ materially from those discussed in the document. Many such factors are beyond the present knowledge, awareness and/or control of the Company, or cannot be predicted by it.

No warranties or representations can be made as to the comprehensiveness or

reliability of the information contained in this Presentation. Neither the Company nor its directors, managers, advisers or representatives of such persons shall bear any liability that might arise in connection with any use of this Presentation. Furthermore, no information contained herein constitutes an obligation or representation of the Company, its managers or directors, its shareholders, subsidiary undertakings, advisers or representatives of such persons.

This Presentation was prepared for information purposes only and is neither a purchase or sale offer, nor a solicitation of an offer to purchase or sell any securities or financial instruments or an invitation to participate in any commercial venture. This Presentation is neither an offer nor an invitation to purchase or subscribe for any securities in any jurisdiction and no statements contained herein may serve as a basis for any agreement, commitment or investment decision, or may be relied upon in connection with any agreement, commitment or investment decision.