Label'Vie: 12.4% Increase in Revenue by the End of September, Annual Objectives Confirmed

At the end of the third quarter of 2025, LabelVie Group achieved a 15.3% increase in retail sales compared to the same period last year, confirming the strong momentum observed since the beginning of the year. This growth encompasses all of the Group's business formats. The performance is attributed to the increased contribution from stores opened in 2024 and a 5.9% rise in like-for-like sales, primarily driven by continuous improvement in customer traffic across all formats. In line with the 2028 strategic plan, LabelVie continues to accelerate the expansion of its network, particularly through the growth of the Supeco discount format. Since the beginning of the year, 80 new stores have been opened, including 78 under the Supeco brand, reinforcing its pivotal role in the Group's multi-format strategy. The third quarter marked a significant milestone, with 36 new openings, including 2 supermarkets and 34 Supeco stores. In this context, revenue for the third quarter reached 4,867 million dirhams, a 13% increase compared to Q3 2024, while total revenue for the first nine months of the year amounted to 13,595 million dirhams, reflecting a 12.4% increase. Sustained Investments and Strong Financial Structure Net investments reached 1,204 million dirhams in the first nine months of 2025. These investments primarily focus on planned openings in the fourth quarter, stores already inaugurated this year, and renovations and upgrades of the existing portfolio. As of the end of September 2025, net debt stood at 4,317 million dirhams, up from 3,973 million dirhams at the end of December 2024, following the issuance of a 1.5 billion dirham bond in July 2025. This controlled increase aligns with the Group's development plan and reflects its strong self-financing capacity. "This third quarter confirms the strength and consistency of our growth, driven by the performance of our brands and our ongoing expansion, with the opening of 36 new stores across the Kingdom. In a more favorable market environment, we continue our development with the same commitment to operational efficiency and customer proximity while maintaining a sustainable profitability trajectory," stated Naoual Ben Amar, General Director, in a press release. Confirmed 2025 Outlook The Group reaffirms its objectives for the 2025 fiscal year, expecting total sales area to grow between 15% and 20% across all formats, supported by an acceleration of large format openings in the fourth quarter: 4 new Atacadao stores (including 2 already opened in Essaouira and Laâyoune) and 3 hypermarkets (including 1 store opened in Casablanca to date), marking a record level for this format. The Group anticipates closing the year with revenue exceeding 19 billion dirhams and an EBITDA margin aligned with Vision 2028, estimated at nearly 9.3%.