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Statutory auditor's report to the general shareholders' meeting of Ontex Group NV on the annual accounts for the year ended 31 December 2025

We present to you our statutory auditor's report in the context of our statutory audit of the annual accounts of Ontex Group NV (the "Company"). This report includes our report on the annual accounts, as well as the other legal and regulatory requirements. This forms part of an integrated whole and is indivisible.

We have been appointed as statutory auditor by the general meeting d.d. 5 May 2023, following the proposal formulated by the board of directors and following the recommendation by the audit committee. Our mandate will expire on the date of the general meeting which will deliberate on the annual accounts for the year ended 31 December 2025. We have performed the statutory audit of the Company's annual accounts for 12 consecutive years.

Report on the annual accounts

Unqualified opinion

We have performed the statutory audit of the Company's annual accounts, which comprise the balance sheet as at 31 December 2025, and the profit and loss account for the year then ended, and the notes to the annual accounts, characterised by a balance sheet total of EUR 2.817.009.261 and a profit and loss account showing a profit for the year of EUR 3.662.822.

In our opinion, the annual accounts give a true and fair view of the Company's net equity and financial position as at 31 December 2025, and of its results for the year then ended, in accordance with the financial-reporting framework applicable in Belgium.

Basis for unqualified opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs) as applicable in Belgium. Furthermore, we have applied the International Standards on Auditing as approved by the IAASB which are applicable to the year-end and which are not yet approved at the national level. Our responsibilities under those standards are further described in the "Statutory Auditor's responsibilities for the audit of the annual accounts" section of our report. We have fulfilled our ethical responsibilities in accordance with the ethical requirements that are relevant to our audit of the annual accounts in Belgium, including the requirements related to independence.

PwC Bedrijfsrevisoren BV - PwC Reviseurs d'Entreprises SRL - Financial Assurance Services - Maatschappelijke zetel/Siège social: Culliganlaan 5, B-1831 Diegem T: +32 (0)2 710 4211 BTW/TVA BE 0429.501.944 / RPR Brussel, Nederlandstalige afdeling - RPM Bruxelles, division néerlandophone ING BE43 3101 3811 9501 - BIC BBRUBEBB BELFIUS BE92 0689 0408 8123 - BIC GKCC BEBB

We have obtained from the board of directors and Company officials the explanations and information necessary for performing our audit.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key audit matter

A key audit matter is a matter that, in our professional judgment, was of most significance in our audit of the annual accounts of the current period. This matter was addressed in the context of our audit of the annual accounts as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on this matter.

(1) Impairment testing on participations in affiliated companies

Description of the key audit matter

The participations in affiliated companies of Ontex Group NV as at 31 December 2025 consist of a participation in Ontex BV for an amount of EUR 1.687,1 million.

We consider the impairment testing on participations in affiliated companies as most significant to our audit because of the fact that they represent a substantial amount of the total assets. Additionally, such impairment assessment involves significant judgement by management, with respect to the future cash flow generation of the entity

How our audit addressed the key audit matter

For the evaluation of the impairment testing on the participation in Ontex BV, we have obtained management's assessment whereby the value in use of the activities has been considered.

In evaluating management's impairment assessment, we focused on the reasonableness and impact of key assumptions used in estimating the cash flow forecasts of Ontex BV and its subsidiaries, including the discount rate, revenue growth rates, operating margin, working capital- and CAPEX percentages .

In assessing the reasonableness of the assumptions used by management we involved our internal valuation experts. Additionally, we have assessed whether the valuation models used have been consistently applied as part of the overall financial closing process.

Whilst recognizing that cash flow forecasting and impairment assessment are all inherently judgmental, we found that the assumptions used by management, in evaluating whether a permanent reduction in value exists are reasonable.

Responsibilities of the board of directors for the preparation of the annual accounts

The board of directors is responsible for the preparation of annual accounts that give a true and fair view in accordance with the financial-reporting framework applicable in Belgium, and for such internal control as the board of directors determines is necessary to enable the preparation of annual accounts that are free from material misstatement, whether due to fraud or error.

In preparing the annual accounts, the board of directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the board of directors either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Statutory auditor's responsibilities for the audit of the annual accounts

Our objectives are to obtain reasonable assurance about whether the annual accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual accounts.

In performing our audit, we comply with the legal, regulatory and normative framework applicable to the audit of the annual accounts in Belgium. A statutory audit does not provide any assurance as to the Company's future viability nor as to the efficiency or effectiveness of the board of directors' current or future business management. Our responsibilities in respect of the use of the going concern basis of accounting by the board of directors are described below.

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the annual accounts, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control;
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the board of directors;
Conclude on the appropriateness of the board of directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our statutory auditor's report to the related disclosures in the annual accounts or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our statutory auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern;
Evaluate the overall presentation, structure and content of the annual accounts, including the disclosures, and whether the annual accounts represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the board of directors and with the audit committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the board of directors and the audit committee with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with the board of directors and with the audit committee we determine those matters that were of most significance in the audit of the annual accounts of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter.

Other legal and regulatory requirements

Responsibilities of the board of directors

The board of directors is responsible for the preparation and the content of the directors' report, for the preparation and disclosure of the documents required to be deposited by virtue of the legal and regulatory requirements as well as for the compliance with the legal and regulatory requirements regarding bookkeeping, with the Companies' and Associations' Code and the Company's articles of association.

Statutory auditor's responsibilities

In the context of our engagement and in accordance with the Belgian standard which is complementary to the International Standards on Auditing (ISAs) as applicable in Belgium, our responsibility is to verify, in all material respects, the directors' report, certain documents required to be deposited by virtue of legal and regulatory requirements, as well as compliance with the articles of association and of certain requirements of the Companies' and Associations' Code, and to report on these matters.

Aspects related to the directors' report

In our opinion, after having performed specific procedures in relation to the directors' report, the directors' report is consistent with the annual accounts for the year under audit, and it is prepared in accordance with the articles 3:5 and 3:6 of the Companies' and Associations' Code.

In the context of our audit of the annual accounts, we are also responsible for considering, in particular based on the knowledge acquired resulting from the audit, whether the directors' report is materially misstated or contains information which is inadequately disclosed or otherwise misleading. In light of the procedures we have performed, there are no material misstatements we have to report to you.

Statement related to the social balance sheet

The social balance sheet, to be deposited in accordance with article 3:12, §1, 8° of the Companies' and Associations' Code, includes, both in terms of form and content, the information required under this Code, including, but not limited to, in relation to salaries and education, and does not present any material inconsistencies with the information we have at our disposition in our engagement.

Statement related to independence

Our registered audit firm and our network did not provide services which are incompatible with the statutory audit of the annual accounts and our registered audit firm remained independent of the Company in the course of our mandate.
The fees for additional services which are compatible with the statutory audit of the annual accounts referred to in article 3:65 of the Companies' and Associations' Code are correctly disclosed and itemized in the notes to the annual accounts.

Other statements

Without prejudice to formal aspects of minor importance, the accounting records were maintained in accordance with the legal and regulatory requirements applicable in Belgium.
The appropriation of results proposed to the general meeting complies with the legal provisions and the provisions of the articles of association.
There are no transactions undertaken or decisions taken in breach of the Company's articles of association or the Companies' and Associations' Code that we have to report to you.

● This report is consistent with the additional report to the audit committee referred to in article 11 of the Regulation (EU) N° 537/2014.

Ghent, 16 March 2026

The statutory auditor PwC Bedrijfsrevisoren BV/PwC Reviseurs d'Entreprises SRL Represented by

Lien Winne* Bedrijfsrevisor/Réviseur d'Entreprises

*Acting on behalf of Lien Winne BV

ONTEX GROUP
Public limited company
Korte Keppestraat	21
9320Erembodegem
Belgium
Gent, Division Dendermonde


	0550.880.915
03062021

EURO	05	052026


01012025	3112	2025
01012024	3112	2024

55 6.1, 6.2.2, 6.3.4, 6.4.2, 6.17, 8, 9, 11, 12, 13, 14, 15

Viabylity BV Nr.: 0744.427.785 Rombaut Keldermansstraat 28, 2650 Edegem, Belgium

Represented by:

Hans Van Bylen Zeedijk - Het Zoute 871 box 21, 8300 Knokke-Heist, Belgium

Inge Boets BV Nr.: 0458.838.011 Onderheide 28, 2930 Brasschaat, Belgium

Represented by:

Inge Boets (Representative) Onderheide 28, 2930 Brasschaat, Belgium

MJA Consulting BV Nr.: 0848.139.987 Simonnelaan 17, 1640 Rhode-Saint-Genèse, Belgium

Represented by:

Manon Janssen Simonnelaan 17, 1640 Rhode-Saint-Genèse, Belgium

HVV GmbH Nr.: ATU78058637 Nassereinerstrasse 57, 6580 Sankt Anton, Austria

Represented by:

Jesper Hojer Nassereinerstrasse 57, 6580 Sankt Anton, Austria

Acacia I BV Nr.: 0699.671.886 Kerseleerveld 19, 2820 Bonheiden, Belgium

Represented by:

Els Verbraecken (Representative) Kerseleerveld 19, 2820 Bonheiden, Belgium

Michael Bredael Groeselenbergstraat 158, 1180 Uccle, Belgium

Hochgesand Isabel Brahmsallee 107, 20144 Hamburg, Germany Chairman of the board of directors 03/05/2024 - 05/05/2028

Director 02/06/2014 - 05/05/2026

Director 25/05/2021 - 05/05/2025

Director 01/10/2022 - 01/01/2026

Director 05/05/2025 - 05/05/2029

Director 24/05/2017 - 05/05/2029

Director 25/05/2021 - 05/05/2025

Olsen Rodney Centenary Avenue 7527, 75225 Dallas, United States

Ebrahim Attarzadeh Hurdnerwäldliststrasse 63, 8808 Pfaffikon, Switzerland

Julie Hamilton Belted Kingfisher 24, 29928 Hilton Head Island, United States

PricewaterhouseCoopers Bedrijfsrevisoren BV Nr.: 0429.501.944 Culliganlaan 5, 1831 Diegem, Belgium Membership nr.: B00009

Represented by:

Lien Winne (Auditor) Sluisweg 1 box 8, 9000 Gent, Belgium Membership nr.: A02202

Director 25/05/2021 - 05/05/2029

Director 05/05/2022 - 05/05/2026

Director 05/05/2025 - 05/05/2029

Auditor 05/05/2023 - 05/05/2026

Nr. F-cap 2.2 0550.880.915

XXX

Surname, first names, profession and address	Affiliation number	Nature of theassignment(A, B, C and/or D)

ANNUAL ACCOUNTS Nr. F-cap 3.1 0550.880.915

BALANCE SHEET AFTER APPROPRIATION

	ANNUAL ACCOUNTS
BALANCE SHEET AFTER APPROPRIATION
	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20
FIXED ASSETS		21/28	2.421.525.009,00	2.759.891.343,00
Intangible fixed assets	6.2	21	15.449.779,00	13.645.146,00
	6.3	22/27	81.830,00	202.451,00
Tangible fixed assetsLand and buildings		22
Plant, machinery and equipment		23	81.830,00	177.026,00
Furniture and vehicles		24
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27		25.425,00
6.4/6.5.1Financial fixed assets		28	2.405.993.400,00	2.746.043.746,00
Affiliated enterprises	6.15	280/1	2.405.805.526,00	2.745.855.872,00
Participating interests		280281	1.687.065.289,00718.740.237,00	1.687.065.289,001.058.790.583,00
Amounts receivableEnterprises linked by participating interests	6.15	282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	187.874,00	187.874,00
Shares		284
Amounts receivable and cash guarantees		285/8	187.874,00	187.874,00

Discl.	Codes	Period	Preceding period
CURRENT ASSETS	29/58	395.484.252,00	275.214.572.00
Amounts receivable after more than one year	29	.	.
Trade debtors	290	.	.
Other amounts receivable	291	.	.
Stocks and contracts in progress	3	.	.
Stocks	30/36	.	.
Raw materials and consumables	30/31	.	.
Work in progress	32	.	.
Finished goods	33	.	.
Goods purchased for resale	34	.	.
Immovable property intended for sale	35	.	.
Advance payments	36	.	.
Contracts in progress	37	.	.
Amounts receivable within one year	40/41	330.974.897.00	209.569.020,00
Trade debtors	40	68.803.898.00	94.833.470,00
Other amounts receivable	41	262.170.999.00	114.735.550,00
Current investments	50/53	11.514.931.00	10.571.753,00
Own shares	50	11.514.931,00	10.571.753,00
Other investments	51/53	.	.
Cash at bank and in hand	54/58	36.699.703,00	28.773.214,00
6.6Deferred charges and accrued income	490/1	16.294.721,00	26.300.585.00
TOTAL ASSETS	20/58	2.817.009.261,00	3.035.105.915,00

	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY	10/15	1.680.869.484,00	1.677.206.663,00
Contribution	10/11	1.236.329.608.00	1.236.329.608.00
Capital	10	823.587.466,00	823.587.466,00
Issued capital	100	823.587.466,00	823.587.466,00
Uncalled capital 4	101		.
Outside the capital	11	412.742.142,00	412.742.142,00
Share premium account	1100/10	412.742.142,00	412.742.142,00
Others	1100/19	.	.
Revaluation surpluses	12	.	.
Reserves	13	270.242.747,00	269.116.428.00
Reserves not available	130/1	42.266.110,00	41.139.791,00
Legal reserve	130	30.751.179,00	30.568.038,00
Reserves statutorily not available	1311		.
Aquisition of own shares	1312	11.514.931.00	10.571.753,00
Financial support	1313	.	.
Other	1319	.	.
Untaxed reserves	132	.	.
Available reserves	133	227.976.637,00	227.976.637,00
Accumulated profits (losses)	14	174.297.129,00	171.760.627,00
Investment grants	15	.
Advance to associates on the sharing out of the assets $5$	19	.
PROVISIONS AND DEFERRED TAXES	16	2.361.650,00	7.975.354,00
Provisions for liabilities and charges	160/5	2.361.650,00	7.975.354,00
Pensions and similar obligations	160	.	.
Taxation	161	.	.
Major repairs and maintenance	162	.	.
Environmental obligations	163	.	.
Other liabilities and charges	164/5	2.361.650,00	7.975.354,00
Deferred taxes	168	.	.

4 Amount to substract of the issued capital

5 Amount to substract from the other part of the equity

Nr.0550.880.915				F-cap 3.2

	Discl.	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	1.133.778.127,00	1.349.923.898,00
Amounts payable after more than one year	6.9	17	400.000.000,00	580.000.000,00
Financial debts		170/4	400.000.000,00	580.000.000,00
Subordinated loans		170
Unsubordinated debentures		171	400.000.000,00	580.000.000,00
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	723.804.837,00	760.472.477,00
Current portion of amounts payable after more than one year
falling due within one year		42		24.000.000,00
Financial debts		43	274.529.215,00	185.170.279,00
Credit institutions		430/8	100.000.000,00
Other loans		439	174.529.215,00	185.170.279,00
Trade debts		44	4.929.190,00	18.568.954,00
Suppliers		440/4	4.929.190,00	18.568.954,00
Bills of exchange payable		441
Advances received on contracts in progress		46
Taxes, remuneration and social security	6.9	45	1.392.490,00	4.303.663,00
Taxes		450/3	46.471,00	2.109.870,00
Remuneration and social security		454/947/48	1.346.019,00442.953.942,00	2.193.793,00528.429.581,00
Other amounts payable
Accruals and deferred income	6.9	492/3	9.973.290,00	9.451.421,00
		10/49	2.817.009.261,00

INCOME STATEMENT

Nr.0550.880.915				F-cap 4

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income		70/76A	75.228.370,00	56.592.841,00
Turnover	6.10	70
Stocks of finished goods and work and contracts in progress:
(+)/(-)increase (decrease)		71
Own work capitalised		72	1.033.658,00
Other operating income	6.10	74	74.194.712,00	56.592.841,00
Non-recurring operating income	6.12	76A


Operating charges		60/66A	48.507.333,00	42.932.726,00
Raw materials, consumables		60
Purchases		600/8
(+)/(-)Stocks: decrease (increase)		609
Services and other goods		61	36.837.176,00	26.006.275,00
(+)/(-)Remuneration, social security costs and pensions	6.10	62	10.281.465,00	11.213.640,00
Depreciation of and other amounts written off formation
expenses, intangible and tangible fixed assets		630	6.114.540,00	6.166.155,00
Amounts written off stocks, contracts in progress and trade(+)/(-)debtors: Appropriations (write-backs)	6.10	631/4
Provisions for liabilities and charges: Appropriations (uses
(+)/(-)and write-backs)	6.10	635/8	-5.613.705,00	-492.725,00
Other operating charges	6.10	640/8	20.502,00	4.445,00
Operating charges carried to assets as restructuring costs(-)		649
Non-recurring operating charges	6.12	66A	867.355,00	34.936,00
Operating profit (loss)(+)/(-)		9901	26.721.037,00	13.660.115,00

Nr.0550.880.915				F-cap 4
	Discl.	Codes	Period	Preceding period
		75/76B	74.764.940,00	73.655.690,00
Financial incomeRecurring financial income		75	74.764.940,00	73.655.690,00
Income from financial fixed assets		750
Income from current assets		751	53.412.897,00	56.208.111,00
Other financial income	6.11	752/9	21.352.043,00	17.447.579,00
Non-recurring financial income	6.12	76B
Financial charges		65/66B	96.647.127,00	69.740.599,00
Recurring financial charges	6.11	65	96.647.127,00	67.917.326,00
Debt chargesAmounts written off current assets except stocks, contracts		650	45.605.745,00	47.668.821,00
in progress and trade debtors: appropriations (write-backs)
(+)/(-)		651	8.341.717,00	-955.597,00
Other financial charges		652/9	42.699.665,00	21.204.102,00
Non-recurring financial charges	6.12	66B		1.823.273,00
Gain (loss) for the period before taxes(+)/(-)		9903	4.838.850,00	17.575.206,00
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes(+)/(-)	6.13	67/77	1.176.028,00	2.093.581,00
Taxes		670/3	1.176.028,00	2.093.581,00
Adjustment of income taxes and write-back of tax provisions		77
(+)/(-)Gain (loss) of the period		9904	3.662.822,00	15.481.625,00
		789
Transfer from untaxed reserves
		689
Transfer to untaxed reserves(+)/(-)Gain (loss) of the period available for appropriation		9905	3.662.822,00	15.481.625,00

Nr	0550.880.915

$F$ -cap 5

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriatedGain (loss) of the period available for appropriation	9906(9905)	175.423.449,003.662.822,00	173.984.803.0015.481.625,00
Profit (loss) brought forward	14P	171.760.627,00	158.503.178,00
Withdrawals from capital and reserves	791/2
on the contribution	791
from reserves	792
Transfer to capital and reserves	691/2	1.126.320.00	2.224.176.00
to the contribution	691	.	.
to legal reserve	6920	183.141,00	774.081,00
to other reserves	6921	943.179.00	1.450.095,00
Profit (loss) to be carried forward	(14)	174.297.129,00	171.760.627,00
Owners' contribution in respect of losses	794
Profit to be distributed	694/7
Dividends	694
Directors' or managers' entitlements	695
Employees	696
Other beneficiaries	697	.

STATEMENT OF INTANGIBLE FIXED ASSETS

Nr.0550.880.915			F-cap 6.2.1

STATEMENT OF INTANGIBLE FIXED ASSETS
	Codes	Period	Preceding period
DEVELOPMENT COSTS
	8051P	xxxxxxxxxxxxxxx	310.006,00
Acquisition value at the end of the period

Movements during the period
Acquisitions, including produced fixed assets	8021
Sales and disposals	8031
(+)/(-)Transfers from one heading to another	8041	25.425,00
Acquisition value at the end of the period	8051	335.431,00
Depreciations and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	225.811,00
Movements during the period
Recorded	8071	37.479,00
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
(+)/(-)Transferred from one heading to another	8111
Depreciations and amounts written down at the end of the period	8121	263.290,00

Nr.0550.880.915			F-cap 6.2.3

	Codes	Period	Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILARRIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	64.067.020,00
Movements during the period
Acquisitions, including produced fixed assets	8022	5.129.075,00

Sales and disposals	8032
(+)/(-)Transfers from one heading to another	8042
Acquisition value at the end of the period	8052	69.196.095,00
Depreciations and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	50.811.844,00
Movements during the period
Recorded	8072	5.981.865,00
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102
Transferred from one heading to another(+)/(-)	8112
Depreciations and amounts written down at the end of the period	8122	56.793.709,00

Nr	0550.880.915

Nr.0550.880.915			F-cap 6.2.4

GOODWILL	Codes	Period	Preceding period


Acquisition value at the end of the period	8053P	xxxxxxxxxxxxxxx	148.498.638,00
Movements during the period
Acquisitions, including produced fixed assets	8023
Sales and disposals	8033
(+)/(-)Transfers from one heading to another	8043
Acquisition value at the end of the period	8053	148.498.638,00
Depreciations and amounts written down at the end of the period	8123P	xxxxxxxxxxxxxxx	148.498.638,00
Movements during the period
Recorded	8073
Written back	8083
Acquisitions from third parties	8093
Cancelled owing to sales and disposals	8103
(+)/(-)Transferred from one heading to another	8113
Depreciations and amounts written down at the end of the period	8123	148.498.638,00

Nr.0550.880.915			F-cap 6.2.5


	Codes	Period	Preceding period
ADVANCE PAYMENTS
Acquisition value at the end of the period	8054P	xxxxxxxxxxxxxxx	305.775,00

Movements during the periodAcquisitions, including produced fixed assets	8024	2.669.477,00
Sales and disposals	8034
(+)/(-)Transfers from one heading to another	8044
Acquisition value at the end of the period	8054	2.975.252,00
Depreciations and amounts written down at the end of the period	8124P	xxxxxxxxxxxxxxx

Movements during the periodRecorded	8074
Written back	8084
Acquisitions from third parties	8094
Cancelled owing to sales and disposals	8104
(+)/(-)Transferred from one heading to another	8114
Depreciations and amounts written down at the end of the period	8124

STATEMENT OF TANGIBLE FIXED ASSETS

		F-cap 6.3.1


Codes	Period	Preceding period

8191P	xxxxxxxxxxxxxxx	3.214,00

8161
8171

8191	3.214,00
8251P	xxxxxxxxxxxxxxx

8211



		3.214,00


8281
8291
8301
8311

8321	3.214,00
	818182218231824182518321P8271	xxxxxxxxxxxxxxx

Nr.0550.880.915			F-cap 6.3.2

	Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	5.747.210,00
Movements during the period
Acquisitions, including produced fixed assets	8162
Sales and disposals	8172
(+)/(-)Transfers from one heading to another	8182
Acquisition value at the end of the period	8192	5.747.210,00
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled(+)/(-)Transferred from one heading to another	82328242

Revaluation surpluses at the end of the period	8252
Depreciations and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	5.570.184,00
Movements during the period
Recorded	8272	95.196,00
Written back	82828292
Acquisitions from third partiesCancelled owing to sales and disposals	8302
(+)/(-)Transferred from one heading to another	8312
Depreciations and amounts written down at the end of the period	8322	5.665.380,00
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	81.830,00

Nr.0550.880.915			F-cap 6.3.3
	Codes	Period	Preceding period

FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	6.842,00
Movements during the period
Acquisitions, including produced fixed assets	8163
Sales and disposals	8173
(+)/(-)Transfers from one heading to another	8183
Acquisition value at the end of the period	8193	6.842,00
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
(+)/(-)Transferred from one heading to another	8243
Revaluation surpluses at the end of the period	8253
Depreciations and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	6.842,00
Movements during the period
Recorded	8273
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303
(+)/(-)Transferred from one heading to another	8313
Depreciations and amounts written down at the end of the period	8323	6.842,00

Nr.0550.880.915			F-cap 6.3.5

	Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	36.564,00
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
(+)/(-)Transfers from one heading to another	8185
Acquisition value at the end of the period	8195	36.564,00
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
(+)/(-)Transferred from one heading to another	8245
Revaluation surpluses at the end of the period	8255
Depreciations and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	36.564,00
Movements during the period
Recorded	8275
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals(+)/(-)	83058315
Transferred from one heading to anotherDepreciations and amounts written down at the end of the period	8325	36.564,00

NET BOOK VALUE AT THE END OF THE PERIOD	(26)

Nr.0550.880.915			F-cap 6.3.6
	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS

Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	199.830,00
Movements during the period
Acquisitions, including produced fixed assets	8166
Sales and disposals	8176
(+)/(-)Transfers from one heading to another	8186
Acquisition value at the end of the period	8196	199.830,00
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
(+)/(-)Transferred from one heading to another	8246
Revaluation surpluses at the end of the period	8256
Depreciations and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx	174.405,00
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306

(+)/(-)Transferred from one heading to another	8316	25.425,00
Depreciations and amounts written down at the end of the period	8326	199.830,00

STATEMENT OF FINANCIAL FIXED ASSETS

Nr.0550.880.915			F-cap 6.4.1
STATEMENT OF FINANCIAL FIXED ASSETS
	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	738.753.766,00
Movements during the period
Acquisitions	8361
Sales and disposals	83718381
(+)/(-)Transfers from one heading to another	8391	738.753.766,00
Acquisition value at the end of the period	8451P	xxxxxxxxxxxxxxx	1.169.211.523,00
Revaluation surpluses at the end of the period
Movements during the periodRecorded	8411
Acquisitions from third parties	8421
Cancelled	84318441	-220.900.000,00
(+)/(-)Transferred from one heading to another	8451	948.311.523,00
Revaluation surpluses at the end of the period
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	220.900.000,00
Movements during the periodRecorded	8471
Written back	8481
Acquisitions from third partiesCancelled owing to sales and disposals	84918501
(+)/(-)Transferred from one heading to another	8511	-220.900.000,00
Amounts written down at the end of the period	8521
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
(+)/(-)Movements during the period	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	1.687.065.289,00

AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLENET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx	1.058.790.583,00

Movements during the periodAdditions	8581	721.434.649,00
Repayments	8591	1.054.241.777,00
Amounts written down	86018611
Amounts written backExchange differences(+)/(-)	8621	-7.243.218,00
Other movements(+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	718.740.237,00
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8651

Nr.0550.880.915			F-cap 6.4.3
	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions	8363
Sales and disposals(+)/(-)Transfers from one heading to another	83738383
Acquisition value at the end of the period	8393
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third partiesCancelled	84238433
(+)/(-)Transferred from one heading to another	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
RecordedWritten back	84738483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
(+)/(-)Transferred from one heading to another	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx
Movements during the period(+)/(-)	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)
OTHERS ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	187.874,00
Movements during the period
AdditionsRepayments	85838593
Amounts written down	8603
Amounts written back	8613
(+)/(-)Exchange differences(+)/(-)Other movements	86238633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	187.874,00
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8653

(in units)Ontex bv0419.457.296Limited liability companyGenthof 5, 9255 Buggenhout,31/12/2024EUR317.750.058,0087.240.711,00BelgiumCapital371.481.shares133100		0550.880.915

	0550.880.915
--	--------------	--

Ontex Hygieneartikel GmbHDE140364318Private company with limited liabilityFabrikstrasse 30, D-02692 Grosspostwitz, GermanyMoltex baby-Hygiene GmbHDE811576157Private company with limited liability	B
Robert-Bosch-Strasse, D-56710 Mayen, GermanyOntex Global Excellence Center GmbHDE149262946Private company with limited liability	B
Robert Bosch Strasse, D-56727 Mayen/Eifel, GermanyOntex Vertrieb GmbHDE813704839Private company with limited liability	B
Robert Bosch Strasse 8, D-56727 Mayen/Eifel, GermanyOntex Healthcare Deutschland GmbHDE248670006Private company with limited liabilityHansaring 6, d-49504 Lotte, Germany	BB

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

	Codes	Period	Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	.51
Shares - Book value increased with the uncalled amount	8681	.	.
Shares - Uncalled amount	8682		.
Precious metals and works of art	8683	.
Fixed income securities	52	.	.
Fixed income securities issued by credit institutions	8684	.	.
Fixed term accounts with credit institutionsWith residual term or notice of withdrawal	53
up to one month	8686	.	.
between one month and one year	8687
over one year	8688	.	.
Other investments not mentioned above	8689	.	.

	Period
DEFERRED CHARGES AND ACCRUED INCOME
Allocation of heading 490/1 of assets if the amount is significant
Accrued interests	15.293.894,00
Other	and the contract of the con-1.000.826.00

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

	Codes	Period	Preceding period
STATEMENT OF CAPITAL
Capital
Issued capital at the end of the period	100P	XXXXXXXXXXXXXX	823.587.466.00
Issued capital at the end of the period	(100)	823.587.466.00

	Codes	Value	Number of shares
Changes during the period

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,		.	.
Structure of the capital
Different categories of shares
Shares without nominal value		823.587.466,00	82.347.218
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,		.	.
Registered shares	8702	XXXXXXXXXXXXX	16.354.865
Shares dematerialized	8703	XXXXXXXXXXXXX	65.992.353

	Codes	Uncalled amount	Capital called but notpaid
Capital not paidUncalled capitalCalled up capital, unpaidShareholders having yet to pay up in full	(101)8712	XXXXXXXXXXXXX	XXXXXXXXXXXXX

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

	Codes	Period
Own shares
Held by the company itself
Amount of capital held	8721	23.503.150,00
Corresponding number of shares	8722	2.349.986
Held by the subsidiaries
Amount of capital held	8731
Corresponding number of shares	8732
Commitments to issue shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742	.
Owing to the exercise of subscription rights
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital not issued manufactured and contain an account of the state of the state of the state of the	8751	164.717.493.28

	Codes	Period
Shares issued, non representing capital
Distribution
Number of shares	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidiaries	8781

Supplementary explanation relating to the contribution (including the industry contribution)
	.
	.

Nr. F-cap 6.7.2 0550.880.915

Groupe Bruxelles Lambert SA
	Shares /Voting rights	16.454.453	19,98
ENA Investment Capital LLC
	Shares /Voting rights	12.411.999	15,07
Brandes Investment Partners LLP	Shares /
	Voting rights	8.251.487	10,02
The Parnajugo Irrevocable Trust	Shares /Voting rights	2.722.221	3,64
Goldman Sachs Group Inc.
	Shares /Voting rightsandequivalentfinancial
Mr. Joannes G.H.M. Niessen and Mont cervin SARL	instruments	2.559.752	3,21
	Shares /Voting rights	2.517.540	3,06
BPCE SA, Natixis SA, Natixis Investment Managers, NIM Participations3 and DNCA Finance
	Shares /Voting rights	2.491.966	3,03

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

ANALYSIS OF THE HEADING 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT
Provision for share based payments	2.361.650.00
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE
YEAR, ACCORDING TO THEIR RESIDUAL TERM
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801
Subordinated loans ………………………………………………………………………………………………	8811	.
Unsubordinated debentures	8821	.
Leasing and other similar obligations	8831
Credit institutions	8841	.
Other loans	8851	.
Trade debts	8861
Suppliers ………………………………………………………………………………………………	8871
Bills of exchange payable	8881	.
Advance payments received on contract in progress	8891	.
Other amounts payable	8901	.

Total current portion of amounts payable after more than one year falling due within one year	(42)	.
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	400.000.000,00
Subordinated loans ………………………………………………………………………………………………	8812
Unsubordinated debentures	8822	400.000.000.00
Leasing and other similar obligations	8832
Credit institutions	8842	.
Other loans ………………………………………………………………………………………………	8852	.
Trade debts	8862	.
Suppliers ………………………………………………………………………………………………	8872
Bills of exchange payable	8882	.
Advance payments received on contracts in progress	8892
Other amounts payable	8902	.

Total amounts payable with a remaining term of more than one but not more than five years	8912	400.000.000,00
Amounts payable with a remaining term of more than five years
Financial debts ………………………………………………………………………………………………	8803	.
Subordinated loans ………………………………………………………………………………………………	8813	.
Unsubordinated debentures ………………………………………………………………………………………………	8823	.
Leasing and other similar obligations	8833	.
Credit institutions ………………………………………………………………………………………………	8843	.
Other loans ………………………………………………………………………………………………	8853	.
Trade debts	8863	.
Suppliers	8873
Bills of exchange payable	8883	.
Advance payments received on contracts in progress	8893	.
Other amounts payable	8903	.

Total amounts payable with a remaining term of more than five years	8913	.

880.915

	Codes	Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921	.
Subordinated loans	8931
Unsubordinated debentures	8941	.
Leasing and similar obligations	8951
Credit institutions	8961	.
Other loans	8971
Trade debts	8981	.
Suppliers	8991	.
Bills of exchange payable	9001	.
Advance payments received on contracts in progress	9011
Remuneration and social security	9021	.
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authoritiesAmounts payable guaranteed by real securities or irrevocably promised by the enterprise on itsown assets	9061
Financial debts	8922	500.000.000,00
Subordinated loans	8932	.
Unsubordinated debentures	8942	400.000.000,00
Leasing and similar obligations	8952
Credit institutions ………………………………………………………………………………………………	8962	100.000.000,00
Other loans ………………………………………………………………………………………………	8972	.
Trade debts	8982	.
Suppliers ………………………………………………………………………………………………	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012	.
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real securities or irrevocably promised by the enterpriseon its own assets …………………………………………………………………………………………	9062	500.000.000,00

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	46.471.00
Estimated taxes payable	450
Remuneration and social security (headings 454/9 and 179 of the liabilities)
Amounts due to the National Social Security Office	9076
Other amounts payable in respect of remuneration and social security	9077	1.346.019.00

0550.880.915

		Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
	Accrued charges interests	9.723.288,00
	Other	250.002.00

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
.		.	.
		.	.
		.	.
.		.	.
Allocation into geographical markets
.		.	.
.		.	.
		.	.
		.
Other operating incomeOperating subsidies and compensatory amounts received from publicauthorities	740	.	.
OPERATING CHARGES
Employees for whom the enterprise submitted a DIMONA declaration orwho are recorded in the general personnel register
Total number at the closing date	9086	61	62
Average number of employees calculated in full-time equivalents	9087	60.9	61,5
Number of actual worked hours	9088	99.177	99.449
Personnel costs
Remuneration and direct social benefits	620	7.173.291.00	8.190.900,00
Employers' contribution for social security	621	1.673.997,00	1.721.480,00
Employers' premiums for extra statutory insurance	622	793.860,00	886.804,00
Other personnel costs	623	640.317,00	414.456,00
Retirement and survivors' pensions	624	.	.

Nr.0550.880.915			F-cap 6.10

	Codes	Period	Preceding period
Provisions for pensions and other similar rights
(+)/(-)Appropriations (uses and write-backs)	635
Amounts written off
Stocks and contracts in progress
Recorded	9110
Written back	9111

Trade debts
Recorded	9112
Written back	9113

Provisions for liabilities and chargesAdditions	9115
Uses and write-backs	9116	5.613.705,00	492.725,00

Other operating charges	640	20.502,00	4.445,00
Taxes related to operationOther costs	641/8

Hired temporary staff and personnel placed at the enterprise's disposal
Total number at the closing date	9096
Average number calculated in full-time equivalents	9097	0,4	0,2
Number of actual worked hoursCosts to the enterprise	9098617	60426.309,00	3436.655,30

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial incomeSubsidies granted by public authorities and recorded as income for theperiod
Capital subsidies	9125	.	.
Interest subsidies	9126	.	.
Allocation of other financial income
Currency differences realized	754	21.352.043,00	17.447.579,00
Others
		.	.
		.	.
		.	.
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501	.	.
Capitalized Interests	6502	.	.
Amounts written off current assets
Recorded	6510	8.341.717,00
Written back	6511	.	955.597,00
Other financial chargesAmount of the discount borne by the enterprise, as a result of negotiatingamounts receivable	653	.	.
Provisions of a financial nature
Appropriations	6560	.	.
Uses and write-backs	6561	.	.
Allocation of other financial charges
Currency differences realized	654	.	.
Currency translation differences	655	.	.
Others
Exchange rate differences		39.569.679,00	19.429.707,00
Less value realisation of current asset		1.897.281,00	651.939,00
Factor Fee		802.728,00	758.183,00
Agency Fee		65.685,00	49.580.00
Other Financial Costs		364.203,00	314.662.00

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

Nr.0550.880.915			F-cap 6.12

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE
	Codes	Period	Preceding period
NON RECURRING INCOME	76

Non-recurring operating incomeWrite-back of depreciation and of amounts written off intangible and tangible	(76A)
fixed assets	760
Write-back of provisions for non-recurring operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8
Non-recurring financial income	(76B)
Write-back of amounts written down financial fixed assets	761
Write-back of provisions for non-recurring financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	867.355,00	1.858.209,00
Non-recurring operating charges	(66A)	867.355,00	34.936,00
Non-recurring depreciation of and amounts written off formation expenses,intangible and tangible fixed assets	660
Provisions for non-recurring operating liabilities and charges: Appropriations(+)/(-)(uses)	6620
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7	867.355,00	34.936,00
.(-)Non-recurring operating charges carried to assets as restructuring costs	6690
Non-recurring financial charges	(66B)		1.823.273,00
Amounts written off financial fixed assets	661
Provisions for non-recurring financial liabilities and charges: Appropriations(+)/(-)(uses)	6621
Capital losses on disposal of financial fixed assets	6631
	668		1.823.273,00
Other non-recurring financial charges(-)Non-recurring financial charges carried to assets as restructuring costs	6691

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	1.176.028.00
Income taxes paid and withholding taxes due or paid	9135	1.176.028.00
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138
Additional income taxes due or paid	9139
Additional income taxes estimated or provided for	9140
In so far as taxes of the period are materially affected by differences between the profit beforetaxes as stated in annual accounts and the estimated taxable profit
Exemption in the amount of the non-deductible financing cost surplus carried forward $(+)$ $(-)$		1.445.403.00
Tax provision		-5.613.705.00
Disallowed expenses		322.524.00
Impairment of treasury shares		10.238.998.00
Innovation deduction		$-1.000.000.00$
Use of tax losses		-7.081.629,00

Impact of non recurring results on the amount of the income taxes relating to the current period
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

	.

	Codes	Period
Status of deferred taxesDeferred taxes representing assetsAccumulated tax losses deductible from future taxable profits	91419142	98.922.891.0098.922.891,00
Other deferred taxes representing assetsCarried forward non-deductible financing cost surplus		61.965.315.00
Deferred taxes representing liabilitiesAllocation of deferred taxes representing liabilities	9144	..
		.

	Codes	Period	Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	9145	7.671.585,00	5.431.429,00
By the enterprise	9146	2.671.379.00	1.371.943.00
Amounts withheld on behalf of third party
For payroll withholding taxes	9147	3.250.533.00	3.749.631.00
For withholding taxes on investment income	9148

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

Nr.0550.880.915		F-cap 6.14
RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET	Codes	Period

PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE ASSECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149	1.431.057.872,00
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the
enterprise	9153	1.431.057.872,00
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets assecurity of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged	91611
Amount of registration	91621
Amount of registration by mandate	91631
Pledging of goodwill
Pledging of goodwill - Max amount	91711
Pledging of goodwill - Amount of the registration by mandate	91721
Pledging of other assets
Pledging of other assets - Book value	91811
Pledging of other assets - Max amount	91821
Guarantees provided on future assets
	91911
Guarantees provided on future assets - Amount assets involved
Guarantees provided on future assets - Max amount	91921
Seller privilege
Seller privilege - Book valueSeller privilege - Unpaid amount	9201192021

Nr.	0550.880.915			F-cap 6.14

			Codes	Period

	security of debts and commitments of third parties	Real guarantees provided or irrevocably promised by the enterprise on its own assets as
Mortgages
	Book value of the immovable properties mortgaged		91612
	Amount of registration		91622
	Amount of registration by mandate		91632
	Pledging of goodwill
	Pledging of goodwill - Max amount		91712
		Pledging of goodwill - Amount of the registration on goodwill pledged by mandate	91722
	Pledging of other assets
	Pledging of other assets - Book value		91812
	Pledging of other assets - Max amount		91822
	Guarantees provided on future assets
	Guarantees provided on future assets - Amount assets involved		91912
	Guarantees provided on future assets - Max amount		91922
	Seller privilege
	Seller privilege - Book value		92012
	Seller privilege - Unpaid amount		92022

			Codes	Period
		GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR
	OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
		The guarantees, included under code 9149, 9381 and 9391, are determined in accordance with the
		syndicate credit facilities agreement and were calculated on the equity of the Guarantor (Ontex

GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIROWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISEThe guarantees, included under code 9149, 9381 and 9391, are determined in accordance with thesyndicate credit facilities agreement and were calculated on the equity of the Guarantor (OntexGroup NV) and the Co-guarantors (listed below)
Guarantors SFAOntex Group NV (Belgium)Ontex BV (Belgium)Ontex CZ (Czech Republic)Ontex Global Excellence Center GmbH (Duitsland)Ontex Hygiëneartikel GmbH (Germany)Ontex Vertrieb GmbH (Germany)Ontex Manufacturing Italy SRL (Italy)Serenity Spa (Italy)Ontex Peninsular SA (Spain)Ontex ID SA (Spain)Ontex Retail UK Ltd (United Kingdom)Ontex Healthcare UK Ltd (United Kingdom)Ontex France SAS (France)Ontex Santé France SAS (France)Ontex Polska sp z.o.o. (Poland)Valor Brands LLC (United States)Ontex Operations USA LLC (United States)
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS


SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS


FORWARD TRANSACTIONS

	Codes	Period
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215	244.875.728.00
Currencies sold (to be delivered)	9216	244.875.728.00

0550.880.915Nr.	F-cap 6.14
	Period
COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	.

	Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE

Brief description

A defined contribution plan exists for some staff, whose rights are covered by group insurance, and whose premiums paid are expensed in the relevant year.

Measures taken by the enterprise to cover the resulting charges

	∴odes	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services.	9220	.
Methods of estimation
.

NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT INCLUDED IN THEBALANCE SHEET OR THE INCOME STATEMENT

Nr.	0550.880.915	F-cap 6.14

		Period
	COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR
PURCHASE

	Period
NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN
THE BALANCE SHEET
Provided that the risks or advantages coming from these transactions are significant and if thedisclosure of the risks or advantages is necessary to appreciate the financial situation of the company
Ontex Group NV has a factoring agreement with a financial institution for an amount of EUR 125.766.440 perDecember 31, 2025.
The guarantees, included under code 9149, 9381 and 9391, are determined in accordance with the syndicate
credit facilities agreement and were calculated on the equity of the Guarantor (Ontex Group NV) and the
Co-guarantors (listed below)
Guarantors SFA
Ontex Group NV (Belgium)
Ontex BV (Belgium)
Ontex CZ (Czech Republic)
Ontex Global Excellence Center GmbH (Germany)
Ontex Hygiëneartikel GmbH (Germany)
Ontex Vertrieb GmbH (Germany)
Ontex Manufacturing Italy SRL (Italy)
Serenity Spa (Italy)
Ontex Peninsular SA (Spain)
Ontex ID SA (Spain)
Ontex Retail UK Ltd (United Kingdom)
Ontex Healthcare UK Ltd (United Kingdom)
Ontex France SAS (France)
Ontex Santé France SAS (France)
Ontex Polska sp z.o.o. (Poland)
Valor Brands LLC (United States)
Ontex Operations USA LLC (United States)
In May 2023, the Company issued a one-time grant of PSUs covering financial years 2023, 2024 and 2025
under the Company's 2023-2025 "Value Creation Projects" Long-Term Incentive Plan (the "VCP LTIP")). The
VCP LTIP leads to a possible dilution for existing shareholders. For further details on the VCP LTIP, please
refer to the Remuneration Report, which forms part of the annual report.

	Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which cannot be quantified)
Bank guarantee related to pending litigation (in which Ontex Group NV is a creditor)	5.200.000,00

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS Nr. F-cap 6.15 0550.880.915

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISESLINKED BY PARTICIPATING INTERESTS


	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	2.405.805.526,00	2.745.855.872,00
Participating interests	(280)	1.687.065.289,00	1.687.065.289,00
Subordinated amounts receivableOther amounts receivable	92719281	718.740.237,00	1.058.790.583,00
	9291	291.020.961,00	168.978.034,00
Amounts receivableOver one year	9301
Within one year	9311	291.020.961,00	168.978.034,00
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	444.500.883,00	542.082.680,00
Over one year	9361
Within one year	9371	444.500.883,00	542.082.680,00
Personal and real guaranteesProvided or irrevocably promised by the enterprise as security for debts or
commitments of affiliated enterprises	9381	1.431.057.872,00	1.425.625.664,00
Provided or irrevocably promised by affiliated enterprises as security for	9391	1.097.930.633,00	1.103.023.079,00
debts or commitments of the enterprise
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421
Income from current assets	9431	52.122.737,00	55.693.374,00
Other financial income	9441
Debt charges	9461	10.490.521,00	17.746.219,00
Other financial charges	9471
Disposal of fixed assets
Capital gains obtained	9481

	Codes	Period	Preceding period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253	.	.
Participating interests	9263	.	.
Subordinated amounts receivable	9273	.	.
Other amounts receivable	9283	.	.
Amounts receivable	9293	.
Over one year	9303	.	.
Within one year	9313	.
Amounts payable	9353	.
Over one year	9363	.	.
Within one year	9373	.	.
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts orcommitments of associated enterprises	9383	.
Provided or irrevocably promised by associated enterprises as security fordebts or commitments of the enterprise	9393	.	.
Other significant financial commitments	9403	.	.
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	.	.
Participating interests	9262	.
Subordinated amounts receivable	9272	.
Other amounts receivable	9282	.
Amounts receivable	9292	.	.
Over one year	9302	.
Within one year	9312	.	.
Amounts payable	9352	.
Over one year	9362	.
Within one year	9372	.	.

	Perior
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONSMention of these transactions if they are significant, including the amount of the transactions, thenature of the link, and all information about the transactions which should be necessary to get a betterunderstanding of the situation of the company

	.
	.

FINANCIAL RELATIONSHIPS WITH

Codes Period DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS Amounts receivable from these persons ........................................................................................... 9500 ........................ Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts ........................................................................................................................................................ ........................................................................................................................................................ Guarantees provided in their favour .................................................................................................. 9501 ........................ Other significant commitments undertaken in their favour ............................................................. 9502 ........................ Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person To directors and managers ................................................................................................................ 9503 ........................ To former directors and former managers ......................................................................................... 9504 ........................ Codes Period Nr. F-cap 6.16 0550.880.915

AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	467.264,00
Fees for exceptional services or special missions executed in the company by the auditorOther attestation missions	95061	270.000,00
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they arelinked to
Other attestation missions	95081	3.000,00
Tax consultancy	95082
Other missions external to the audit	95083

Mentions related to article 3:64, §2 and §4 of the Companies and Associations Code

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF ENTERPRISES Nr. F-cap 6.18.1 0550.880.915

The enterprise has prepared and published consolidated accounts and a consolidated report

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE ENTERPRISE IN BELGIUM WITH AUDITORS OR WITH PEOPLE THEY ARE LINKED TO Nr. F-cap 6.18.2 0550.880.915

Nr.0550.880.915		F-cap 6.18.2
	Codes	Period


Mentions related to article 3:65, §4 and §5 of the Companies and Associations CodeAuditor's fees according to a mandate at the group level led by the company publishing theinformation	9507	591.047,00
Fees for exceptional services or special missions executed in these group by the auditor
Other attestation missions	95071	303.000,00
Tax consultancy	95072
Other missions external to the audit	95073
Fees to people auditors are linked to according to the mandate at the group level led by thecompany publishing the information	9509	512.980,00
Fees for exceptional services or special missions executed in the group by people they arelinked to
Other attestation missions	95091	113.757,00
Tax consultancyOther missions external to the audit	9509295093

Mentions related to article 3:64, §2 and §4 and of the Companies and Associations Code

VALUATION RULES

Nr. F-cap 6.19 0550.880.915

OTHER INFORMATIONS TO DISCLOSE

Nr. F-cap 6.20 0550.880.915

OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE NEER TE LEGGEN DOCUMENTEN Nr. F-cap 7 0550.880.915

MANAGEMENT REPORT

Ontex Group NV Korte Keppestraat 21 9320 Erembodegem (Aalst) 0550.880.915 RLE Ghent (Division Dendermonde) (the "Company")

ANNUAL BOARD REPORT ON THE STATUTORY ANNUAL ACCOUNTS FOR FINANCIAL YEAR 2025

In accordance with articles 3:5 and 3:6 of the Belgian Companies and Associations Code ("BCAC"), the board of directors of the Company (the "Board") hereby issues its annual report on the activities of the Company during financial year 2025 and submits the statutory annual accounts of the Company for the financial year ended December 31, 2025 to the Company's shareholders' meeting for its approval.

1. Activities of the Company

The Company is the ultimate parent company of the Ontex group of companies (the "Group"), and its main activities include owning and managing its shareholding in Ontex BV (which in turn directly or indirectly owns shareholdings in the remaining subsidiaries of the Group), providing certain management, IT and other services to the companies of the Group, and financing the Group through its external bank and bond financing. On December 31, 2025, 16,354,865 of the Company's shares were registered shares, with the remainder being dematerialized and listed on Euronext Brussels.

2. Explanations to the key financial movements in financial year 2025

2.1 Balance sheet

As at the end of financial year 2025, the Company's balance sheet total was €2,817,009,261, compared to €3,035,105,915 as at the end of financial year 2024, a decrease of €218,096,654.

Fixed assets decreased from €2,759,891,343 as at the end of financial year 2024 to €2,421,525,009 as at the end of financial year 2025. This is explained mainly by the following elements:

Intangible fixed assets increased from €13,645,146 as at the end of financial year 2024 to €15,449,779 as at the end of financial year 2025. These assets consist mainly of the Company's concessions and licenses for the Group's SAP and Microsoft software. Concessions amounted to €12,402,386 as at the end of financial year 2025, a decrease compared to 2024 with €852,790, due to a combination of additions during the year for €5,129,075 and amortizations for €5,981,865. The overall increase is due to assets under construction for an amount of €2,975,252.
Tangible fixed assets decreased from €202,451 to € 81,830 due to depreciations during the year. These assets mainly consist of IT servers and IT-related material.
Apart from the participation in Ontex BV for €1,687,065,289 which has remained unchanged, the financial fixed assets also include loans to the Company's affiliates for an amount of €718,740,237, decreased from €1,058,790,583 as at the end of financial year 2024, and guarantees for an amount of €187,874.

Current assets increased from €275,214,572 as at the end of financial year 2024 to €395,484,252 as at the end of financial year 2025. This is explained mainly by the following elements:

• Amounts receivable within one year increased from €209,569,020 as at the end of financial year 2024 to €330,974,897 as at the end of financial year 2025. This results largely from an increase of "Other amounts receivable" from €114,735,550 as at end of financial year 2024 to €262,170,999 as at end of financial year 2025. This amount consists mainly of current accounts with other members of the Group, which are managed on a daily basis and on which monthly interest is charged. Additionally, the amounts receivable within one year from trade debtors decreased from €94,833,470 as at the end of financial year 2024 to €68,803,898 as at the end of financial year 2025. This amount consists mainly of factored trade receivables.

Cash at bank and in hand increased from €28,773,214 as at the end of financial year 2024 to €36,699,703 as at the end of financial year 2025.
Deferred charges and accrued income decreased from €26,300,585 as at end December 2024 to €16,294,721 as at the end of financial year 2025 and mostly reflect accrued interests on intercompany loans.

Equity increased from €1,677,206,663 as at the end of financial year 2024 to €1,680,869,484 as at the end of financial year 2025. This increase follows mainly from the Company's result for financial year 2025, being a profit of €3,662,822.

As at the end of 2025, the 'Reserves' accounts of the Company amounted to €270,242,747 in aggregate, and consisted of the following reserves:

The legal reserve account increased to an amount of €30,751,179. This reserve was established pursuant to article 7:211 BCAC.
The reserve for purchase of own shares amounted to €11,514,931. In view of the recognition of treasury shares held by the Company as at the end of financial year 2025, the Company formed an unavailable reserve pursuant to article 7:217 BCAC.
Available reserves remain unchanged at an amount of €227,976,637.

The section 'Provisions for liabilities and charges' amounts to €2,361,650, decreased from €7,975,354 as at the end of financial year 2024, and consists of the provision taken by the Company in view of its long-term incentive plans (LTIP), which consist of performance stock units (PSUs) and restricted stock units (RSUs). For more information on these incentive plans, please refer to the Company's Remuneration Report, which forms part of Ontex's Integrated Annual Report 2025, which can be consulted on the website of the Company (www.ontex.com).

The 'Amounts payable after more than one year' amount to €400,000,000 as at the end of financial year 2025 and consists of the Company's liabilities under its unsubordinated bond. On April 3, 2025, the Company refinanced its €580,000,000 senior notes due in 2026 with 5.25% senior notes due in 2030 for a principal amount of €400,000,000.

The 'Amounts payable within one year' amount to €723,804,837 as at the end of financial year 2025 and mainly consists of the Company's revolving credit facility of €270,000,000, of which €100,000,000 was drawn as per the end of financial year 2025. The Company's outstanding debt in connection with the factoring agreements in place for all the members of the Group (€174,529,215), trade debts (€4,929,190), tax payables (€46,471) and payables with regard to remuneration and social security (€1,346,019).

The 'Other amounts payable' amount to €442,953,942 as at the end of financial year 2025, and decreased from €528,429,581 as at the end of financial year 2024, and mainly consist of current accounts with other members of the Group.

The accruals and deferred income consist mainly of the accrued interests on the abovementioned borrowings.

2.2 Income Statement

The Company's operational profit amounts to €26,721,037 at the end of financial year 2025.

The financial result at the end of financial year 2025 amounts to a loss of €21,882,187. This is mainly the result of interests calculated on loans issued to different members of the Group and interest charges on the Company's debt and current account positions with the different members of the Group.

The Company closed financial year 2025 with a profit of €3,662,822.

2.3 Allocation of results

The Board proposes the following allocation of results to the upcoming annual general shareholders' meeting of the Company, which will be held on May 5, 2026:

Carry forward of the profit of the financial year amounting to €3,662,822 to next financial year:

Profit carried forward from last financial year:	€171,760,627
Result of the financial year to be appropriated:	€3,662,822
Profit to be appropriated:	€175,423,449
Accumulated profits:	€174,297,129
Allocation to other reserves:	€943,179
Allocation to legal reserves:	€183,141

3. Significant events that occurred after the end of the reporting period

There were no significant events that occurred after the end of the reporting period.

4. Key risks and uncertainties

Considering the activities of the Company (as described above), the Company is not exposed to operational risks other than those applicable to the entire Group.

For an overview of the key risks and uncertainties of the Group, please refer to the Company's Risk Report, which forms part of Ontex's Integrated Annual Report 2025, and which can be consulted on the website of the Company (www.ontex.com).

5. Circumstances that may materially affect the Company's development

Except as otherwise referenced in this report, no circumstances are to be reported that may significantly affect the Company's development.

6. Research and development

Considering the activities of the Company (as described above), the Company did not engage in activities related to research and development during financial year 2025.

7. Information in relation to branch offices

The Company does not have any branch offices.

8. Going concern of the Company

The Company's statutory (and consolidated) financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities during the normal course of business.

On November 27, 2024, the Group refinanced its €242.5 million revolving credit facility, which had a maturity date in December 2025, with a new revolving credit facility that has a principal amount of €270.0 million and a maturity date in November 2029. The new revolving credit facility is subject to one

financial covenant, being a leverage covenant. The leverage ratio of net financial debt over the lasttwelve-months adjusted EBITDA is not to exceed 3.50 throughout all reporting periods.

Additionally, on April 3, 2025, the Company and certain of its subsidiaries as guarantors, entered into an indenture pursuant to which the Company issued €400,000,000 5.250% senior notes due 2030. In connection with such transaction, the Company also executed a cash tender for and redemption of its senior notes that were due in 2026.

Management has prepared detailed budgets and cash flow forecasts for the next years, which reflect the strategy of the Group. The Company is confident that, taking into account its available cash, cash equivalents and facilities available to the Company, it has sufficient liquidity to meet its present and future obligations and cover working capital needs.

The Group complied with all requirements of the loan covenants on its available credit facilities throughout the reporting period.

9. Financial instruments and financial risk management

The Group enters into a variety of derivative financial instruments to manage its exposure to interest rate, foreign exchange rate and commodity price risks, including foreign exchange forward contracts, commodity hedging contracts and interest rate CAPs and SWAPs. Since 2019, the Group has maintained cross currency interest rate SWAPs and commodity hedging contracts in relation to raw material prices. The Group follows a similar policy related to the currency risk hedging.

For a detailed view on the accounting policies and financial risks at Group level, we refer to the appendix "Financial instruments and financial risk management", which is part of Ontex's integrated annual report 2025, and which can be consulted on the website of the Company (www.ontex.com).

10. Independence and expertise in accounting and audit of members of the Audit and Risk Committee

Several members of the Company's Audit and Risk Committee have extensive expertise in the areas of accounting and audit, through their studies and professional careers, and three of them are independent. As an example, we note that Ms Inge Boets, who is the chairwoman of the Audit and Risk Committee and an independent director, was a partner with Ernst & Young from 1996 through 2011 where she was the Global Risk leader and held several other roles in audit and advisory. Ms. Els Verbraecken, who is an independent director and a member of the Audit and Risk Committee, is an executive with extensive expertise in finance matters, including through her role as CFO of DEME Group.

11. Corporate Governance Statement

The Company is committed to upholding high standards of Corporate Governance. It applies the Belgian Corporate Governance Code for listed companies (the "2020 Corporate Governance Code"), which can be found on the website of the Belgian Corporate Governance Committee (https://corporategovernancecommittee.be/en).

Further, the Company has adopted a corporate governance charter which describes the main aspects of the Company's corporate governance, including its governance structure and the terms of reference of the Board, the Board committees and the executive committee. The charter is available on the Company's website (https://ontex.com/investors/leadership).

As at the end of 2025, the Company complied with all provisions of the 2020 Corporate Governance Code. In this respect, it is to be noted that provision 7.6 of the 2020 Corporate Governance Code provides that non-executive Board members should receive part of their remuneration in the form of shares in the Company. The Company's annual shareholders' meeting held on May 5, 2025, approved the revised version of the Company's Remuneration Policy, which included, among others, the introduction of a restricted share unit ("RSU") plan for Board members, as a result of which Board members, effective January 1, 2025, receive part of their remuneration in the form of RSUs, in line with the recommendation of the 2020 Corporate Governance Code.

The Company's Corporate Governance Statement forms part of Ontex's Integrated Annual Report 2025, and can be consulted on the website of the Company (www.ontex.com).

12. Conflicts of interest (Article 7:96 BCAC)

In accordance with Article 7:96 of the Belgian Code of Companies and Associations, if a Board member has a direct or indirect financial interest that is contrary to the interest of the Company in respect of a decision or transaction which is the responsibility of the Board, he/she must inform the other Board members before any decision by the Board is taken and the statutory auditor must also be notified. The conflicted Board member cannot be present during the deliberations of the Board relating to these transactions or decisions and cannot vote.

In addition to the legal requirements, the Company, as a general matter and as set forth in its Corporate Governance Charter, also expects each Board member to arrange his or her personal and business affairs in such a way as to avoid any (appearance of) conflict of interest of a personal, professional or financial nature with the Company, directly or through relatives (including spouse or life companion, or other relatives (by blood or marriage) up to the second degree and foster children).

The conflict of interest procedure prescribed by article 7:96 of the Belgian Code of Companies and Associations was not applied by the Company in 2025.

13. Related-party transactions (Article 7:97 BCAC)

During 2024, the Company did not enter into any transactions with related parties within the meaning of Article 7:97 BCAC.

14. Authorized capital (Article 7:198 and following BCAC)

On May 5, 2023, the Company's extraordinary shareholders' meeting renewed the authorization to the Board with respect to authorized capital under certain conditions. The Board may increase the share capital of the Company in one or several times by a maximum of up to (i) €82,358,746.64 in the event of a (or multiple) capital increase(s) with cancellation or limitation of the preferential subscription rights of shareholders, including in favour of one or more specified persons that are not members of the personnel of the company or its subsidiaries and (ii) €164,717,493.28 in the event of a (or multiple) capital increase(s) without cancellation or limitation of the preferential subscription rights of shareholders.

This authorization may be renewed in accordance with the relevant legal provisions. The Board can exercise this power for a period of five years as from the date of publication in the Annexes to the Belgian State Gazette of the amendment to the Articles of Association approved by the shareholders' meeting on May 5, 2023.

15. Capital increases, issuance of convertible bonds or subscription rights (Article 7:203 BCAC)

During 2025, the Company's share capital was not increased and the Company did not issue convertible bonds or subscription rights.

16. Acquisition of own shares (Article 7:215 and following BCAC)

On May 5, 2023, the Company's extraordinary shareholders' meeting renewed the Board's authorization with respect to the acquisition of own shares subject to the conditions set forth below.

The Company may, without any prior authorisation of the shareholders' meeting, and the Board is authorised to, take as pledge and acquire, on or outside of the stock exchange, its own shares, profitsharing certificates and associated certificates up to a maximum of 10% of each of the outstanding shares, profit-sharing certificates and associated certificates of the Company for a price that is not more than 5% above the highest closing price on Euronext Brussels during the last 30 trading days preceding the transaction, and not more than 10% below the lowest closing price on Euronext Brussels during the last 30 trading days preceding the transaction, in accordance with the provisions of the Belgian Code of Companies and Associations where applicable. This authorisation is valid for a period of five years starting on the date of the publication in the Annexes to the Belgian Official Gazette of the amendment to the Company's articles of association resolved upon by the Company's extraordinary shareholders' meeting of May 5, 2023. The authorisation may be renewed in accordance with the relevant provisions of the Belgian Code of Companies and Associations.

Between December 1, 2024, and April 10, 2025, the Company conducted a share buy-back program, in the context of which it acquired a total of 1.5 million shares (which represented 1.82% of the Company's share capital and which each had a fractional value of €10.00), and for which the Company paid €12.4 million in total. The shares acquired through the program will contribute to meeting Ontex's obligations under its current and future long-term incentive plans. The program was conducted under the terms and conditions of the Board authorization mentioned above, and was executed by an independent intermediary, who made its decisions independently pursuant to a discretionary mandate.

In total, on December 31, 2025, the Company held 2,349,986 treasury shares, which represents 2.9% of the Company's share capital.

17. Sustainability information

Pursuant to the implementation into Belgian law of Directive (EU) 2022/2464 regarding Corporate Sustainability Reporting, the Company is required to include in its Integrated Annual Report the consolidated sustainability information that is necessary to understand the effect of the Group on sustainability matters, as well as the information that is necessary to understand how sustainability matters affect the development, performance and position of the Group. Such consolidated sustainability statements are included in Ontex's Integrated Annual Report, which can be consulted on the website of the Company (www.ontex.com).

18. Discharge of the directors and statutory auditor

The Board requests the Company's shareholders' meeting to give discharge to the Company's (past and present) directors and statutory auditor for the execution of their mandate during financial year 2025.

On behalf of the Board of Directors,

_______________________________

16 March 2026,

ViaBylity BV, permanently represented by Mr Hans Van Bylen Authorised representative

_______________________________ Inge Boets BV, permanently represented by Ms Inge Boets Authorised representative

Nr.0550.880.915
SOCIAL BALANCE SHEET
Number of joint industrial committee:	120	214

STATEMENT OF THE PERSONS EMPLOYED

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

SOCIAL BALANCE SHEET



STATEMENT OF THE PERSONS EMPLOYED
EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDEDIN THE GENERAL PERSONNEL REGISTER
During the current period	Codes	Total	1.Men	2.Women

Average number of employees		56,4	36,3	20,1
Full-time	10011002	5,7	1,2	4,5
Part-timeTotal in full-time equivalents	1003	60,9	37,2	23,7

Number of hours actually worked
Full-time	1011	91.580	59.370	32.210
Part-time	1012	7.597	1.544	6.053
Total	1013	99.177	60.914	38.263
Personnel costs
Full-time	1021	9.521.751,00	6.128.361,00	3.393.390,00
Part-time	1022	759.714,00	159.940,00	599.774,00
Total	1023	10.281.465,00	6.288.301,00	3.993.164,00
Advantages in addition to wages	1033
				2P.Women

During the preceding period	Codes	P.Total	1P.Men
Average number of employees in FTE	1003	61,5	38,6	22,9
Number of hours actually worked	1013	99.449	61.941	37.508
Personnel costs	1023	11.213.640,00	7.043.204,00	4.170.436,00

During the preceding period	Codes	Total	Men1P.	Women2P.
Average number of employees in FTE	1003	61.5	38.6	22.9
Number of hours actually worked	1013	99.449	61.941	37.508
Personnel costs	1023	11.213.640.00	7.043.204.00	4.170.436.00
Advantages in addition to wages	1033		.	.

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued) Nr. F-cap 10 0550.880.915

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDEDIN THE GENERAL PERSONNEL REGISTER (continued)
At the closing date of the period	Codes	1.Full-time	2.Part-time	3.Total full-timeequivalents
Number of employees	105	56	5	60,1
By nature of the employment contract
Contract for an indefinite periodContract for a definite period	110111	56	5	60,1
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	35	1	35,8
primary education	1200	2		2,0
secondary education	1201
higher non-university education	1202	15	1	15,8
university education	1203	18		18,0
Women	1211210	21	4	24,3
primary educationsecondary education	1211
higher non-university education	1212	8	3	10,4
university education	1213	13	1	13,9
By professional category
Management staff	130
Employees	134	56	5	60,1
Workers	132
Others	133

During the period	Codes	staff	at theenterprise'sdisposal

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

By nature of employment contract

Contract for an indefinite period
Contract for a definite period
Contract for the execution of a specifically assigned work
Replacement contract

Nr.0550.880.915				F-cap 10

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1.Full-time	2.Part-time	3.Total full-timeequivalents
Number of employees for whom the entreprise submitted aDIMONA declaration or who have been recorded in thegeneral personnel register during the financial year	205	6		6,0

By nature of employment contractContract for an indefinite period	210	6		6,0
Contract for a definite period	211
Contract for the execution of a specifically assigned work	212
Replacement contract	213


DEPARTURES	Codes	1.Full-time	2.Part-time	3.Total full-timeequivalents
Number of employees whose contract-termination date hasbeen entered in DIMONA declaration or in the generalpersonnel register during the financial year	305	6		6,0

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD
			equivalents
Number of employees for whom the entreprise submitted aDIMONA declaration or who have been recorded in the
By nature of employment contract




			equivalents
Number of employees whose contract-termination date hasbeen entered in DIMONA declaration or in the generalpersonnel register during the financial year	305	6	6,0
By nature of employment contract
Contract for an indefinite period	310	6	6,0
Contract for a definite period	311
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342	1	1,0
Other reason	343	5	5,0
the number of persons who continue to render services to	350

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Nr.0550.880.915				F-cap 10
INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD	Codes	Men	Codes	Women

Total of initiatives of formal professional training at the expense of the
employer
Number of employees involved	5801	25	5811	26
Number of actual training hours	5802	373	5812	309
Net costs for the enterprise	5803	31.209,00	5813	23.065,00
of which gross costs directly linked to training	58031	31.209,00	58131	23.065,00
of which fees paid and paiments to collective funds	58032		58132
of which grants and other financial advantages received (to deduct)	58033		58133
Total of initiatives of less formal or informal professional training at the
expense of the employer	5821		5831
Number of employees involved	5822		5832
Number of actual training hoursNet costs for the enterprise	5823		5833
Total of initiatives of initial professional training at the expense of theemployer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852

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Ontex Group NV — Audit Report / Information 2026

3985_rns_2026-04-03_281d2e66-4606-47ee-86d9-1a1d5ffde466.pdf

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Statutory auditor's report to the general shareholders' meeting of Ontex Group NV on the annual accounts for the year ended 31 December 2025

Report on the annual accounts

Unqualified opinion

Basis for unqualified opinion

Key audit matter

(1) Impairment testing on participations in affiliated companies

Description of the key audit matter

How our audit addressed the key audit matter

Responsibilities of the board of directors for the preparation of the annual accounts

Statutory auditor's responsibilities for the audit of the annual accounts

Other legal and regulatory requirements

Responsibilities of the board of directors

Statutory auditor's responsibilities

Aspects related to the directors' report

Statement related to the social balance sheet

Statement related to independence

Other statements

ANNUAL ACCOUNTS Nr. F-cap 3.1 0550.880.915

BALANCE SHEET AFTER APPROPRIATION

INCOME STATEMENT

$F$ -cap 5

APPROPRIATION ACCOUNT

STATEMENT OF INTANGIBLE FIXED ASSETS

STATEMENT OF TANGIBLE FIXED ASSETS

STATEMENT OF FINANCIAL FIXED ASSETS

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

OPERATING RESULTS

FINANCIAL RESULTS

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

INCOME TAXES AND OTHER TAXES

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

Brief description

Measures taken by the enterprise to cover the resulting charges

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS Nr. F-cap 6.15 0550.880.915

FINANCIAL RELATIONSHIPS WITH

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE ENTERPRISE IN BELGIUM WITH AUDITORS OR WITH PEOPLE THEY ARE LINKED TO Nr. F-cap 6.18.2 0550.880.915

VALUATION RULES

OTHER INFORMATIONS TO DISCLOSE

OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE NEER TE LEGGEN DOCUMENTEN Nr. F-cap 7 0550.880.915

MANAGEMENT REPORT

Ontex Group NV Korte Keppestraat 21 9320 Erembodegem (Aalst) 0550.880.915 RLE Ghent (Division Dendermonde) (the "Company")

ANNUAL BOARD REPORT ON THE STATUTORY ANNUAL ACCOUNTS FOR FINANCIAL YEAR 2025

1. Activities of the Company

2. Explanations to the key financial movements in financial year 2025

2.1 Balance sheet

2.2 Income Statement

2.3 Allocation of results

3. Significant events that occurred after the end of the reporting period

4. Key risks and uncertainties

5. Circumstances that may materially affect the Company's development

6. Research and development

7. Information in relation to branch offices

8. Going concern of the Company

9. Financial instruments and financial risk management

10. Independence and expertise in accounting and audit of members of the Audit and Risk Committee

11. Corporate Governance Statement

12. Conflicts of interest (Article 7:96 BCAC)

13. Related-party transactions (Article 7:97 BCAC)

14. Authorized capital (Article 7:198 and following BCAC)

15. Capital increases, issuance of convertible bonds or subscription rights (Article 7:203 BCAC)

16. Acquisition of own shares (Article 7:215 and following BCAC)

17. Sustainability information

18. Discharge of the directors and statutory auditor

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued) Nr. F-cap 10 0550.880.915

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

By nature of employment contract

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

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Ontex Group NV Audit Report / Information 2026