Abu Dhabi, UAE – 13 August 2025: Lulu Retail Holdings PLC (“Lulu” or the “Company”), the largest pan-GCC full-line retailer, today announced its financial results for the three-month period ended 30 June 2025 (“Q2 2025”).

Key highlights

• H1 2025 revenue of $4.1 billion, up 5.9% YoY. Like-for-like sales increased 3.8% YoY

• In Q2 2025, the company reported revenue of $2.0 billion, up 4.6% YoY, driven by Like-for-like growth of 2.1%

• EBITDA for H1 2025 recorded at $418 million, up 7.0% YoY ($204 million in Q2 2025, up 7.6% YoY). Margins improved by 28 bps during Q2 2025, reflecting strong operational performance

• H1 2025 Net profit of $127 million, up 9.1% YoY, with net margin of 3.1%

• Dividend of $98.4 million for H1 2025, equating to 3.5 fils per share

• Seven new stores opened in H1 2025, with four stores opened in July. On track to open nine more stores this year

• E-commerce continues its growth momentum in Q2 2025, with sales up 43% YoY to $108 million, equating to 5.6% of retail revenue

• Private label, a higher-margin segment, recorded 3.5% YoY growth in Q2 2025, and accounted for 29.7% of retail revenue

• Addition of c.1 million Loyalty members during the quarter. Total membership reached 7.3 million.

Saifee Rupawala, Chief Executive Officer of Lulu Retail, commented: “Our steady and resilient H1 2025 performance is a testament of our well established growth pillars, that has helped us to deliver record sales and supported progression on margins. Average basket value, customer count and sales per square metre all increased positively over the first six months of the year, as 690,000 daily shoppers choose Lulu for our value to premium offering. Expansion continues in line with our strategy with seven stores opening in H1 2025 and further four in July, taking the total store count to 259. Our loyalty program continues to grow, with c.1 million new members joining during the second quarter,taking total count to 7.3 million”. “Our position as the largest pan-GCC full-line retailer makes us well-placed to continue our growth journey, with established growth levers i.e., driving growth in existing store network, opening new stores, driving operational efficiencies and delivering further upside through our private label and e-commerce offerings.”