With increased participation and representation of approximately 82% of the share capital, the Annual General Meeting of JUMBO Group shareholders was held today, 9^th July 2025.

 

Shareholders approved among others the management's proposal for a dividend distribution of EUR 68 million (0,50 EUR per share), based on a total of 136.059.759 registered shares of the Company, from the profits of the fiscal year 2024.

• With the cancellation of 1.694.198 treasury shares, representing 1,25% of the total shares, the dividend distribution of EUR 68 million corresponds to a gross amount of EUR 0,5063 per share.

The ex-dividend date is set for 21 July 2025. The record date for determining eligible shareholders will be 22 July 2025. Dividend payment will commence on 24 July 2025.

 

It is reminded that on March 31, 2025, Jumbo proceeded with the payment of an extraordinary cash distribution amounting to EUR 63,5 million.

• As a result, by the end of July 2025, Jumbo will have distributed a total amount of approximately EUR 131,5 million to its shareholders, corresponding to a dividend yield of c. 3%.

During the discussion and approval of the remaining items on the agenda, the Company's management informed the shareholders about the Group's sales performance:

For the first six months of the year (January – June 2025), the Group maintained its sales growth rate at approximately +8% y-o-y.

 

However, management pointed out that performance in June was directly and indirectly affected by the geopolitical developments in the Middle East, and by the Israel–Iran conflict, which had an impact on inbound tourist flows from Israel to Greece and Cyprus.

The operations of the franchisee¶s stores in Israel were negatively affected.

 

Management also referred to potential short-term challenges in Romania, as the new government, to contain the fiscal deficit and maintain its investment-grade credit rating, will proceed, among other measures, with an increase in VAT effective from August 2025. Specifically, the VAT rate will rise to 21% from 19%.

 

The increase of VAT rates to 21% from 5%, especially in key sectors such as restaurants and hotel accommodation, is expected to put pressure on consumers' disposable income, reducing purchasing power and affecting consumption, at least in the short term.

 

Sales performance by country: 

 

Greece

In June 2025, the net sales of the parent company - excluding intragroup sales – increased by c. +7,5% y-o-y.

Overall, for the first six months of 2025 the net sales of the parent company - excluding intragroup sales – increased by c. 9% y-o-y.

Cyprus

The network's sales increased by c. +4% y-o-y in June 2025. Overall, for the first six months of 2025 the network's sales increased by c. 7% y-o-y.

 

Bulgaria

The network's sales increased by c. +1% y-o-y in June 2025. Towards the end of June, the online store in the country also commenced operations (https://www.e-jumbo.bg). Overall, for the first six months of 2025 the network's sales increased by c. 2% y-o-y.

 

Romania

The network's sales (including the on-line store www.e-jumbo.ro) increased by c. 7% y-o-y in June 2025. Overall, for the first six months of 2025 the network's sales increased by c. 7% y-o-y.

 

Store Network

As of June 30, 2025, the Jumbo Group had 89 stores, of which 53 in Greece, 6 in Cyprus, 10 in Bulgaria and 20 in Romania.

 

The Group also has online stores in Greece, Cyprus, Romania and Bulgaria.

 

Through partnerships, the Group is present in 7 countries (Albania, Kosovo, Serbia, Northern Macedonia, Bosnia, Montenegro, Serbia, Montenegro and Israel) with 41 stores under the JUMBO brand.