The Management of the JUMBO Group seizes the opportunity of the Extraordinary General Meeting of Shareholders to update the investment community on the development of the Group’s sales and its strategy.

The Extraordinary General Meeting will be held tomorrow at 4:00 p.m. at the Company’s administrative offices, with the main agenda item being the approval of the proposal for the payment of an extraordinary cash distribution (for 2026), amounting to a gross EUR 0,50 per share.

Jumbo’s management emphasizes that in the retail sector, it is not the power of the individual player that prevails, but the power of the market itself. The sector is constantly evolving, shaped by the continuous emergence of new business models, the growth of e-commerce, and cross-border platforms. Competition acts as a catalyst for discipline and operational efficiency, with Jumbo operating within an organized, large-scale retail model, supported by an extensive store network, a well-developed supply chain and self-owned warehouses/distribution centres. These fundamentally differentiate its market position.

Jumbo’s philosophy is to endure over time—much like Japanese companies—while remaining firmly committed to long-term resilience and sustainable growth, through the systematic reinvestment in operational efficiency, infrastructure and networks, without assuming excessive risk.

Enhancing efficiency provides a greater margin for error—particularly valuable in the retail sector, where unforeseen challenges are frequent and often more difficult to absorb in smaller-scale store formats.

With a strong balance sheet, zero bank debt and substantial liquidity, the Group implements a disciplined capital allocation policy, while at the same time ensuring dividends for shareholders and maintaining adequate reserves to address future challenges. Profits will continue to be allocated as follows: one-third distributed as dividends, one-third reinvested in growth and efficiency initiatives, and one-third allocated to taxes and the strengthening of the Group’s cash position.

Τhe Company’s objective is not focused on short term appeal, but long-term presence and the creation of value over time. The Company does not chase market view, nor comments; it simply states what it does.

Within this context, for 2026, Jumbo’s budget is for an 5% y-ο-y increase in sales, with the Group’s net profits estimated in the range of EUR 310–320 million, taking into account a challenging macroeconomic environment, with heightened pressures in Romania primarily due to currency depreciation, the recent increase in VAT, and new fiscal measures that have a restrictive impact.

The Company maintains a stable and disciplined dividend policy for its shareholders, with an indicative yield of approximately ±5% based on current valuation levels, while retaining the flexibility for additional distributions, subject to prevailing conditions, in periods where growth opportunities are limited and no opportunities arise for the acquisition of additional currently leased stores.

The start of the new financial year has been particularly positive for the JUMBO Group. At Group level, sales in January 2026 increased by approximately 8% y-o-y. Despite the significant negative impact of extreme weather events recorded in Greece and the Balkans. Greece and Cyprus benefit from this year’s earlier Carnival season.

Sales performance by country in January 2026: 

Greece

In January 2026, the net sales of the parent company - excluding intragroup sales – increased by c. +11% y-o-y. 

Cyprus

The network's sales increased by c. +12% y-o-y in January 2026.

Bulgaria

The network's sales, including the on-line store (https://www.e-jumbo.bg/bg/) increased by c. +15% y-o-y in January 2026.

Romania

The network's sales, including the on-line store (www.e-jumbo.ro) decreased by c. -4% y-o-y in January 2026.