COMPAGNIE FINANCIERE RICHEMONT SA - RICHEMONT POSTS STRONG RESULTS FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2026 DRIVEN BY SUSTAINED DOUBLE-DIGIT SALES GROWTH

RICHEMONT POSTS STRONG RESULTS FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2026 DRIVEN BY SUSTAINED DOUBLE-DIGIT SALES GROWTH

Compagnie Financiere Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
13?NOVEMBER?2026

RICHEMONT POSTS STRONG RESULTS
FOR THE SIX-MONTH PERIOD ENDED?30?SEPTEMBER?2026
DRIVEN BY SUSTAINED DOUBLE-DIGIT SALES GROWTH


Group highlights 

- Group sales at EUR?12.3?billion, up by 17% at constant rates (+16% actual),
including sustained Q2 growth of +13%
- Operating profit of EUR?3.1?billion, fuelled by strong sales growth against
a context of persistently elevated raw material costs; EUR?2.9?billion excluding
EUR?229?million positive tariff-related one-time items 
- Strengthening the enduring appeal of our Maisons through unwavering product
creativity and craftsmanship, alongside strategic investment in our network and
manufacturing capabilities

Financial highlights

- Double-digit growth across most regions throughout H1, led by Japan, the
Americas and Asia Pacific 
- Broad-based strength across business areas in H1, including in Q2 against
elevated comparatives
- Excellent performance at Jewellery Maisons, with sales up by 19% at constant
exchange rates (+18% actual)
- Robust sales at Specialist Watchmakers over the period, up by 10% at constant
exchange rates (+9% actual) 
- Continued momentum in the 'Other' business area, up by 9% at constant and
actual exchange rates
- Operating profit up by 33%, or by 38% at constant exchange rates 
- Operating margin at 25.5%, up by 330bps; 23.6% (+140bps) excluding the 
positive contribution from one-time items 
- EUR?2.5?billion profit for the period, up by 39%  
- Strong net cash position at EUR?7.7?billion, reflecting EUR?2.5?billion cash
flow generated from operating activities, a EUR?0.4?billion cash inflow from
disposal of the Avolta stake and the increased dividend payment

Key financial data (unaudited)

+--------------------------------+---------------+--------------+----------+
|Six months ended 30?September	 |	     2026|	    2025|    change|
+--------------------------------+---------------+--------------+----------+
|Sales				 |    EUR 12 282m|   EUR 10 619m|      +16%|
+--------------------------------+---------------+--------------+----------+
|Gross profit			 |     EUR 8 165m|    EUR 6 939m|      +18%|
+--------------------------------+---------------+--------------+----------+
|Gross margin			 |	    66.5%|	   65.3%|   +120bps|
+--------------------------------+---------------+--------------+----------+
|Operating profit		 |     EUR 3 129m|    EUR 2 358m|      +33%|
+--------------------------------+---------------+--------------+----------+
|Operating margin		 |	    25.5%|	   22.2%|   +330bps|
+--------------------------------+---------------+--------------+----------+
|Profit for the period from	 |		 |		|	   |
|continuing operations		 |     EUR 2 528m|    EUR 1 796m|      +41%|
+--------------------------------+---------------+--------------+----------+
|Profit for the period from	 |		 |		|	   |
|discontinued operations	 |		?|	 EUR 17m|	   |
+--------------------------------+---------------+--------------+----------+
|Profit for the period		 |     EUR 2 528m|    EUR 1 813m|      +39%|
+--------------------------------+---------------+--------------+----------+
|Earnings per 'A' share/10 'B'	 |		 |		|	   |
|shares, diluted basis		 |	 EUR 4.29|	EUR 3.08|	   |
+--------------------------------+---------------+--------------+----------+	
|Earnings per 'A' share/10 'B'	 |		 |		|	   |
|shares, basic			 |	 EUR 4.30|	EUR 3.09|	   |
+--------------------------------+---------------+--------------+----------+
|Headline earnings per 'A' share/|		 |		|	   |
|10 'B' shares, basic		 | 	 EUR 4.27|	EUR 3.01|	   |
+--------------------------------+---------------+--------------+----------+
|Cash flow generated from	 |		 |		|	   |
|operating activities		 |     EUR 2 500m|    EUR 1 854m| +EUR 646m|
+--------------------------------+---------------+--------------+----------+
|Net cash position		 |     EUR 7 729m|    EUR 6 519m|	   |
+--------------------------------+---------------+--------------+----------+

Please contact Computershare at Web.Queries@Computershare.co.za if you wish
to receive any documents electronically for Richemont.

This results announcement is the responsibility of the directors of Compagnie
Financiere Richemont SA and is a summary of the information in the full
announcement available on the Stock Exchange News Service ("SENS") at:
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/CFR/H1FY27.pdf and on the
Group's website: https://www.richemont.com/news-media/press-releases-and-news/

This results announcement does not contain full details and any investment
decision by investors and/or shareholders in relation to the Company's shares
should be based on a consideration of the full announcement. The full
announcement is also available for inspection, at no charge, at the Company's
registered office (50 Chemin de la Ch?naie, 1293 Bellevue, Geneva, Switzerland)
and the office of the Sponsor during standard office hours.

Richemont 'A' shares issued by Compagnie Financiere Richemont SA are listed and
traded on the SIX Swiss Exchange, Richemont's primary listing
(Reuters 'CFR.S' / Bloomberg 'CFR:SW' / ISIN CH0210483332). They are included
in the Swiss Market Index ('SMI') of leading stocks and the MSCI Switzerland
IMI ESG Leaders Index. The 'A' shares are also traded on the Johannesburg Stock
Exchange, Richemont's secondary listing
('CFRJ.J' / Bloomberg 'CFR:SJ' / ISIN CH0210483332).

Notes for South African editors

Acknowledging the interest in Richemont's results on the part of South African
investors, set out below are key figures from the results expressed in rand.
The average euro/rand exchange rate prevailing during the six-month period 
ended 30 September 2026 was 18.941; this compares with a rate of 20.676 during
the comparative period.

+---------------------------+-----------------+------------------+---------+
|Six months period ended    |30 September 2026| 30 September 2025|   change|
|in ZAR millions	    |		      |			 |	   |
+---------------------------+-----------------+------------------+---------+	
|Revenue		    |	       232 633|		  219 558|	+6%|
+---------------------------+-----------------+------------------+---------+
|Operating profit	    |		59 266|		   48 754|     +22%|
+---------------------------+-----------------+------------------+---------+
|Profit for the period	    |		47 883|		   37 486|     +28%|
+---------------------------+-----------------+------------------+---------+
|Profit/(loss) attributable |		      |			 |	   |
|to: Owners of the parent   |		      |			 |	   | 	
|company		    |		47 883|		   37 486|     +28%|
+---------------------------+-----------------+------------------+---------+
|Non-controlling interests  |		     -|			-|	+0%|
+---------------------------+-----------------+------------------+---------+
|			    |		47 883|		   37 486|     +28%|
+---------------------------+-----------------+------------------+---------+
|Earnings per Richemont 'A' |		      |			 |	   |	
|share-diluted basis in ZAR |		 81.26|		    63.64|     +28%|
+---------------------------+-----------------+------------------+---------+
|Headline earnings per	    |		      |			 |	   |
|Richemont 'A' share -	    |		      |			 |	   | 	
|diluted basis in ZAR	    |		 80.69|		    62.05|     +30%|
+---------------------------+-----------------+------------------+---------+

Headline earnings per Richemont 'A' share exclude the impact of net profits
amounting to ZAR?303 million (EUR?16 million). In the comparative period,
headline earnings per Richemont 'A' share excluded the impact of net profits
amounting to ZAR?930?million (EUR?45?million). Further details of these profits,
which conform to the JSE Listings Requirements, are presented in note 9.3 of
the unaudited interim consolidated financial statements.

Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196
Email: sponsorteam@rmb.co.za 













Date: 13/11/2026 08:52:00
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