PRESS RELEASE




Paris, 26 March 2025




H1 2024-2025 2022-S1 ls
results
TERACT H1 2024-2025 results (Euronext Paris: TRACT, ISIN: FR001400BMH7): Good operational and
financial performances across all sectors in a persistently uncertain environment


The reshaping of the Garden Centre/Pet Retail model is beginning to bear fruits and Food Retail
continues its development:

 Strong revenue as published at €396.1 million, stable compared with H1 2023-2024 and
growing +1.6% like-for-like, driven by the good performance of the Garden Centre/Pet Retail
sector,
 Adjusted EBITDA at €8.9 million (compared with €7.3 million in H1 2023-2024) representing an
improvement notably thanks to a good revenue performance and work on cost control, against
a backdrop of decelerating inflation,
 Free cash flow improvement, due to the focus on WCR.

Financial and operational outlook set for 2024-2025:

 Confirmation of the annual consolidated revenue target for 2024-2025 of €900-950 million,
in line with the previous financial year; continuation of cost-reduction measures and extension
of the energy efficiency programme to the Food Retail sector,
 In Food Retail, a target to open eight Boulangerie Louise stores by end-June 2025 (including
four already open at end-March 2025) compared with around fifteen initially indicated, in line
with the recent decision to favour franchise openings; in the Garden Centre/Pet Retail sector,
an own brand penetration target of 26% of integrated store revenue, the development of the
franchise model and the gradual expansion of multi-channel sales throughout the whole
network.

Moez-Alexandre Zouari, Chief Executive Officer of TERACT, stated: “Our financial indicators have
improved, with growing adjusted EBITDA and a marked improvement in free cash flow. First half
sales are in line with our objectives thanks to the constant efforts of all of our teams. In the
second half, we will continue our work of cost optimisation and good WCR management, in a still
uncertain economic environment.”




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PRESS RELEASE




TERACT (Euronext Paris: TRACT, ISIN: FR001400BMH7) has published its half-year results for the period ended
31 December 2024, as approved by the Board of Directors at its meeting of 25 March 2025. The condensed
consolidated half-year financial statements were subject to a limited review by the Statutory Auditors.




2 / 16
PRESS RELEASE




Foreword on seasonality effects
TERACT's business volume varies considerably over the course of the year, which can make it difficult to
compare the consolidated financial statements for the first and second half-year periods. Seasonality
effects have a particularly strong impact on revenue, adjusted EBITDA, current operating income and cash
flow generation. In terms of Group revenue, the second half (1 January to 30 June) is typically stronger
than the first half (1 July to 31 December), notably due to increased activity over the "peak season" (March
to June) in the Garden Centre sector. In contrast, as most operating expenses (personnel costs,
amortisation expenses, etc.) are spread out on a straight-line basis over the year, the Group's current
operating income is historically weaker in the first half than in the second.



Key figures in H1 2024-2025


Breakdown of revenue by segment

(in €m) H1 2024-2025 H1 2023-2024 Change
Reported Like-for-like1
Revenue 396.1 397.3 -0.3% +1.6%
Garden Centre/Pet Retail 324.3 323.6 +0.2% +2.8%
Food Retail 71.8 73.7 -2.6% -2.7%



Financial indicators

(in €m) H1 2024-2025 H1 2023-2024

Revenue 396.1 397.3
Adjusted EBITDA2 8.9 7.3
As a % of revenue 2.2% 1.8%
Current operating income (24.0) (25.7)
Group net income (38.1) (40.8)
Free cash flow3 (31.8) (62.1)




1
Constant scope restating all changes in the scope of consolidation.
2
Defined as current operating income plus the elimination of expenses (or income) related to depreciation/amortisation or impairment (or reversals of
depreciation/amortisation or impairment) of fixed assets.
3
Based on net cash flow from operating activities, plus disposals and deductions of property, plant and equipment and intangible assets and after the
deduction of investments in property, plant and equipment and intangible assets.




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PRESS RELEASE




Analysis of H1 2024-2025 results


Revenue for the first half of 2024-2025 amounted to €396.1 million, down -0.3% on a reported basis and
up +1.6% like-for-like compared to the first half of 2023-2024.
Consolidated revenue for the Garden Centre/Pet Retail sector, which includes the Jardiland, Gamm vert
(and Frais d'ICI corners), Delbard, Jardineries du Terroir, and Noé, La Maison des Animaux banners,
amounted to €324.3 million in H1 2024-2025. This represented a slight increase of +0.2% on a reported
basis compared to H1 2023-2024, despite the removal of 13 stores from the scope of consolidation over
the half year. Like-for-like sales were up +2.8%, outperforming trends in the garden market which was
down -0.3% between July and November 20244 in France. The latter was notably impacted by a sluggish
consumer context and mixed rainfall, with a surplus of rain in September and October followed by a
shortage in November and December.
The share of own brands in integrated store revenue stood at 24.5% at the end of December 2024
compared with 22.1% at 31 December 2023, confirming the growing shift from consumers towards own-
brand labels, which also provide retailers with better control over their purchasing costs.

The revitalisation of the store network continues around the Group’s strategic priorities with, when
absolutely necessary for persistently underperforming stores, a discontinuation of the business activity
(13 stores affected over the past half year). Nonetheless, since the end of the half year, the trend is more
toward a resurgence in franchising (opening of five stores) which is expected to continue at least during
the next period, and a growing involvement of franchisees themselves in the life and animation of the
network.

The multi-channel strategy is being rolled out at an accelerated pace through recently renovated sites
and the marketplace. The strong start of the marketplace, which was only launched on 30 June 2024, was
made possible by the attractiveness of TERACT’s physical banners which are historical leaders in their
sector, coupled with the drive of the Group’s sales partners that complement its day-to-day offering.
Currently, 160 third-party sellers (initial target of around one hundred as of 30 June 2025) have thus
enriched the online catalogue with 200,000 new references.

Half-year consolidated revenue for Food Retail, which includes the Bio&Co, Boulangerie Louise and Grand
Marché La Marnière banners stood at €71.8 million in H1 2024-2025 compared with €73.7 million in
H1 2023-2024. These financial years are now comparable as the Boulangerie Louise and Grand Marché La
Marnière banners, which were acquired at end-2022, were fully consolidated in H1 2023-2024.
Boulangerie Louise revenue as published was impacted by the net closure of four integrated stores and
four new integrated stores have been opened to date in attractive locations. Franchisees enjoyed good
comparable sales growth over the past half-year.
Sales at Fresh food retail stores were well oriented. Grand Marché La Marnière stores saw an increase in
customer footfall despite the deceleration in inflation. Growth of comparable sales for the Bio&co stores
was good due to the reshaping of their offering (now more local), which was completed during the
previous financial year, and greater in-store promotion, most of them being located in prime consumer
areas.

4
The garden market was down -0.3% in value over July to November 2024 compared to the same period in 2023, according to inter-professional association
Promojardin/Prom’animal.




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Adjusted EBITDA reached €8.9 million in the first half of 2024-2025, i.e. +€1.6 million compared with the
first half of 2023-2024, with a good progression in both business segments. Garden Centre/Pet Retail
sector benefitted from a slight increase in consolidated revenue and from the effects of cost control
measures. Food Retail adjusted EBITDA also benefitted from the effects of the efficiency plan and the good
performance of Bio&Co. The adjusted EBITDA margin thus improved by +0.4pt to 2.2% compared to 1.8%
at 31 December 2023.

Current operating income was a loss of (€24 million) at 31 December 2024, i.e. a slight improvement
compared with a loss of (€25.7 million) at 31 December 2023. This improvement was also related to cost
control measures, in a context of revenue preservation. Other operating income and expenses
represented net income of €0.5 million at 31 December 2024 (compared with a net expense of €0.3 million
at 31 December 2023) and notably included costs relating to the implementation of the frugality plan.

Group net income improved to a loss of (€38.1 million) at 31 December 2024 compared with a loss of
(€40.8 million) at 31 December 2023, i.e. an improvement despite the slight decline in financial result (loss
of (€13.5 million) versus loss of (€12.3 million) at 31 December 2023), as a result of an increase in the level
of debt.




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PRESS RELEASE




Financial structure at 31 December 2024

Free cash flow
(in €m) 31/12/2024 31/12/2023

Net cash flow from activities (7.7) (45.9)
Acquisition of property, plant and equipment and intangible assets (25.6) (16.8)
Disposals and deductions of property, plant and equipment and intangible assets 1.5 0.6
Free cash flow (31.8) (62.1)


The Group’s free cash flow was an outflow of (€31.8 million) at 31 December 2024 compared with an
outflow of (€62.1 million) at 31 December 2023. Net cash flow from activities improved markedly to an
outflow of (€7.7 million) compared with a cash outflow of (€45.9 million) at 31 December 2023. In addition
to stable cash flow at €9.3 million, net cash flow was also bolstered by a change in WCR which improved
by €33.4 million, thanks notably to the rigorous management of accounts receivable and, to a lesser
extent, of inventory. Operating investments (€25.6 million) were also up over the period mainly due to the
development of the business management software project (ERP), and the digital management platform
shared by merchant websites and the marketplace, as well as the opening of Boulangerie Louise stores.

Net debt
(in €m) 31/12/2024 30/06/2024
Medium- and long-term debt 563.5 524.5
Of which debt in relation to InVivo Group, TERACT’s parent company 345.7 290.8
Of which rental liabilities (IFRS 16) 215.1 229.7
Net cash 11.7 25.2
Net debt 551.8 499.2


The Group posted net debt of €551.8 million at 31 December 2024 (of which €345.7 million with its parent
company InVivo Group and €215.1 million in rental liabilities). The change compared with 30 June 2024 is
mainly due to seasonality effects, as net debt at 30 June is structurally weaker given the significant
business volume recorded at the end of the agricultural year.




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PRESS RELEASE




Outlook

Business and financial outlook

Against a backdrop of continued macroeconomic tension and fears surrounding purchasing power, TERACT will
continue to roll out its unique business model and favour the gradual reduction in seasonality, while stepping
up cost and stock management measures.

Food Retail development will continue with now a target of eight Boulangerie Louise store openings at end-June
2025 (of which four already completed at end-March 2025), versus around fifteen initially indicated. This slight
delay comes from the decision taken to favour franchises and their more flexible and capex-efficient model, but
also one which takes longer to develop than the integrated model, in a market which remains buoyant in France
and in a segment that should continue to grow by more than 8% between 2022 and 20265.

In the Garden Centre/Pet Retail business, TERACT will also step up its strategic development around its own
brands, with a penetration target of 26% of integrated store revenue at 30 June 2025 (24.5% at 31 December
2024), the optimisation of its network - while notably continuing to develop its franchise model- and, finally, the
gradual expansion of multi-channel sales throughout its entire network. In this area in particular, the Group plans
to welcome around 100 third-party vendors to its recently opened marketplace by end-June 2025 (160 to date)
and aims to extend its Click & Collect offering to all of its stores, including franchises.

Taking into account these elements, and barring any further deterioration in the economic environment, TERACT
estimates that it will generate annual consolidated revenue of €900-950 million in 2024-2025, in line with the
previous financial year. The performances recorded at the date of this press release confirm this objective,
regardless of the persistently sluggish environment. Despite a deceleration in inflation6, consumers continue to
shift their purchases, reflecting the still lacklustre consumer confidence index7. In particular, the Garden market,
which was the most notably impacted by mixed weather conditions, was down -0.3% between July and
November 20248.

Cost reduction measures will become more pronounced, notably with the roll out of the second half of the
frugality plan launched in 2023-2024 (cost reduction target of €15 million by 30 June 2025, of which more than
65% had already been achieved at 31 December 2024). The energy efficiency programme, which has continued
to be implemented in the Garden Centre/Pet Retail sector, will also be extended to the Food Retail sector, notably
at the Boulangerie Louise integrated stores. It will be customised to the specific nature of this sector (optimised
management of heating, ovens, refrigerated display cabinets, lighting, etc.) and will also include an awareness-
raising campaign for franchises.

Precision stock management will continue in order to contribute to preserving free cash flow in an environment
considered persistently under pressure, and recurrent operating and financial investments will be maintained
at a sufficient level to ensure the efficient execution of the company’s plans.

The Group, which continues to roll out its unique model at an accelerated pace, remains open to projects that
make good sense.




5
.
Food Service Vision’s Boulangerie-Pâtisserie review published in January 2024
6
2.4 pt decline in consumer prices over the same period according to INSEE’s provisional estimates.
7
Consumer confidence index at 89 in December 2024, the same as in December 2023 and down one point compared to November 2024, persistently below
its long-term average (100) according to the INSEE.
8
The garden market was down -0.3% in value over July to November 2024 compared to the same period in 2023, according to inter-professional association
Promojardin/Prom’animal.




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PRESS RELEASE




Appendix

1. H1 2024-2025 highlights

An excellent harvest of trophies and awards for TERACT and its employees in recognition of their actions
 The Végéscan application, an innovative plant-recognition solution, has won two awards, the first as the winner in
the Employee Experience category of the BFM Business focus retail awards (“Grands Prix Focus Retail”) and the
second as the bronze medallist at the Republik Retail connected commerce event.

 Géraldine Totier, Environment Officer at TERACT, won the jury’s special award at the Ze Awards (ZePro Habitat) for
her CSR commitment.

 The Nature & Talents Campus won the gold award for the second year in a row at the human capital leaders
awards (Victoires des Leaders du Capital Humain) for its fully digital apprentice training centre (Décideurs RH).

The banners’ commitment was also recognised
 Jardiland was named best store chain of the year (“Meilleure Chaîne de Magasins de l'Année”) for 2025 in the
garden centre category for the ninth consecutive year and best e-tailer (“Meilleur E Commerçant 2025”, 2024
Qualimétrie study). The brand was also voted brand of the year (“Enseigne de l’Année”) for the first time across all
categories, and reinforced its position as the leading plant and pet brand of the year (“Enseigne Végétale et
Animalerie”) at the 2024 Graines d'Or awards (Groupe J). It also won silver for the best E-Commerce website of
the year in the home equipment category (FEVAD – French National Association for E-commerce).
 Gamm vert & Jardiland were both rewarded for achieving the best customer review ratings on Google (Vasano
2024 award).
 Several prizes were presented during the Wizville awards to Jardiland, Bio&Co and Gamm vert in the best local
customer experience progression (“Meilleure Progression de l’Expérience Client Locale”) and best e-reputation
management (“Meilleur Management de l’E-Réputation”) categories.
 The 2024 Grands Prix Cas d’Or du Digital in the local digital category were awarded to the local web packs offered
in store for their communication.

Departure of Ludovic Holinier
The meeting of the Board of Directors of 16 October 2024 approved the departure on personal grounds of Deputy Chief
Executive Officer Ludovic Holinier, who had held the position since 1 March 2024.

Acquisition by TERACT of the 4.75% block of shares held by Sycomore Asset Management
On 28 November 2024, TERACT announced the acquisition of a 4.75% block of shares held by Sycomore Asset
Management which had informed TERACT’s General Management of its intention to dispose of all of its TERACT shares,
i.e. 3,489,212 shares representing 4.75% of the share capital. TERACT’s Board of Directors unanimously approved, on 27
November 2024, the off-market buyback of this block of shares under the share buyback programme authorised by
the 15 December 2023 Combined General Shareholders’ Meeting in its 19th resolution. These TERACT shares will be fully
allocated for cancellation purposes and will be cancelled within 12 months following the transaction execution.

Approval by the Founders and InVivo Group, acting in concert, to amend the 29 July 2022 shareholders’ agreement
On 27 November 2024, TERACT’s Board of Directors was informed that Imanes, Palizer, NJJ Capital, Combat Holding (the
“Founders”) and InVivo Group had signed a term sheet under which they committed to amending their 29 July 2022
shareholders’ agreement.




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PRESS RELEASE




2. Store network

Acquis- Closures/ Total
31/12/2023 30/06/2024 Openings Transfers 31/12/2024
itions Disposals change

Garden Centre/Pet Retail 1,575 1,545 5 -13 -8 1,537
Jardiland 172 173 173
Integrated stores 106 107 107
Franchises/Affiliates 66 66 66
Gamm vert
1,155 1,125 4 -7 -3 1,122
(including Frais d’Ici range)
Integrated stores 76 76 -2 -2 74
Franchises/Affiliates 1,079 1,049 4 -5 -1 1,048
Delbard/Jardineries
245 244 1 -6 -5 239
du Terroir
Franchises/Affiliates 245 244 1 -6 -5 239
Noé, La Maison des Animaux 3 3 3
Integrated stores 3 3 3

Food Retail 136 137 4 -8 -4 133
Boulangerie Louise 126 127 4 -8 -4 123
Integrated stores 115 117 4 -8 -4 113
Franchises/Affiliates 11 10 10
Grand Marché
3 3 3
La Marnière
Integrated stores 3 3 3
Bio&Co 7 7 7
Integrated stores 7 7 7
Group 1,711 1,682 9 -21 -12 1,670




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3. Sales volume9

(in €m) H1 2024-2025 H1 2023-2024 Change
Reported Like-for-like 10
Estimated sales volume before VAT 1,065.2 1,053.5 +1.1% +0.7%
Garden Centre/Pet Retail 988.2 975.1 +1.3% +0.9%
Food Retail 76.9 78.3 -1.8% -2.3%
Unaudited figures.




9
Sales volume and revenue under banner include revenue generated by integrated stores and franchised/affiliated stores.
10
Constant scope restating all changes in the scope of consolidation. Excluding affiliates.




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PRESS RELEASE




4. Reconciliation of non-IFRS financial indicators


Adjusted EBITDA


Adjusted EBITDA is defined as current operating income plus the elimination of expenses (or income)
related to the depreciation/amortisation or impairment (or reversals of the depreciation/amortisation or
impairment) of fixed assets.

The table below presents the reconciliation between current operating income and adjusted EBITDA for
H1 2024-2025 and H1 2023-2024.



(in €m) 31/12/2024 31/12/2023
Garden Food Retail Total Garden Food Retail Total
Centre/ Centre/
Pet Retail Pet Retail
Current operating income (23.1) (0.9) (24.0) (24.0) (1.8) (25.7)
Elimination of expenses (or income)
related to depreciation/amortisation or
impairment (or reversals of
depreciation/amortisation or
impairment) of fixed assets 26.6 6.3 32.9 26.9 6.1 33.0
Adjusted EBITDA 3.5 5.4 8.9 2.9 4.4 7.3


Free cash-flow


Free cash flow is determined based on net cash flow from operating activities, plus disposals and
deductions of tangible and intangible assets, and after deduction of investments in tangible and
intangible assets.


For the first half of 2023-2024 and 2024-2025:

(in €m) 31/12/2024 31/12/2023

Net cash flow from activities (7.7) (45.9)
Acquisition of property, plant and equipment and intangible assets (25.6) (16.8)
Disposals and deductions of property, plant and equipment and intangible assets 1.5 0.6
Free cash flow (31.8) (62.1)




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5. Consolidated income statement

Consolidated income statement (in €m) 31/12/2024 31/12/2023
Revenue excluding tax 396.1 397.3
Total revenue 396.1 397.3
Purchases (221.5) (221.2)
Payroll costs (100.1) (99.1)
Other operating income and expenses (65.5) (69.4)
Depreciation, amortization and impairment net of reversals (33.0) (33.3)
Current operating income (24.0) (25.7)
Other operating income and expenses 0.5 (0.3)
Operating income (23.5) (26.0)
Financial income/(loss) (13.5) (12.3)
Earnings before tax and net income of equity affiliates (37.0) (38.3)
Income tax (1.2) (2.9)
Share of net income/(loss) from equity associates (0.7) (0.5)
Net income/(loss) from continuing operations (38.9) (41.6)
Net income from discontinued operations - -
Consolidated net income/(loss) (38.9) (41.6)
Non-controlling interests 0.9 0.8
Group net income (38.1) (40.8)




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PRESS RELEASE




6. Consolidated statement of financial position

Assets 31/12/2024 30/06/2024
(in €m)

Goodwill 263.0 262.9
Other intangible assets 138.8 137.3
Property, plant and equipment 89.8 101.7
Right-of-use assets 172.6 208.1
Investments in associates and joint ventures 10.6 11.2
Other non-current assets 7.4 7.4
Deferred tax assets 9.1 10.7
Non-current assets 691.2 739.3
Inventories 135.1 158.2
Trade receivables 119.4 168.5
Other current assets 73.3 70.2
Current tax receivables 1.1 5.4
Cash and cash equivalents 11.6 26.1
Assets held for sale 66.0 -
Current assets 406.4 428.4
Total assets 1,097.6 1,167.7


Liabilities 31/12/2024 30/06/2024
(in €m)

Share capital 0.7 0.7
Paid-in capital, treasury shares, other reserves and profit 220.6 261.2
Shareholders’ equity attributable to the Group 221.4 261.9
Non-controlling interests 6.9 7.7
Shareholders’ equity 228.3 269.6
Provisions for retirement plans and similar non-current commitments 8.1 9.6
Other non-current provisions 6.7 7.6
Non-current gross financial debt 227.9 210.0
Non-current lease liabilities 159.8 191.4
Non-current liabilities related to commitments to purchase non-controlling interests 10.0 9.9
Deferred tax liabilities 6.0 6.6
Non-current liabilities 418.6 435.1
Trade payables 193.8 246.0
Current gross financial debt 109.1 85.6
Current lease liabilities 32.7 38.3
Tax liabilities payable 0.2 0.3
Other current liabilities 76.0 92.8
Liabilities associated with assets held for sale 38.8 -
Current liabilities 450.7 463.0
Total Shareholders' equity and liabilities 1,097.6 1,167.7




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PRESS RELEASE




7. Consolidated statement of cash flows

Consolidated cash flows (in €m) 31/12/2024 31/12/2023
Net income/(loss) from continuing operations (38.9) (41.6)
Net income from discontinued operations - -
Consolidated net income/(loss) (38.9) (41.6)
Net income of equity affiliates 0.7 0.5
Dividends received from equity affiliates - -
Elimination of non-cash income and expenses
Depreciation, amortisation and provisions 34.5 36.2
Reversals of depreciation, amortisation and provisions (2.0) (1.8)
Gains (losses) due to changes in fair value 0.1 0.4
Capital gains and losses on the disposal of fixed assets 0.5 1.6
Net cost of financial debt 8.9 7.2
Net financial interest paid on lease contracts 4.6 4.3
Net tax expense 1.0 2.4
Cash flow 9.3 9.3
Taxes paid 4.2 (0.6)
Change in working capital requirement related to operating activities (21.1) (54.5)
Inventory and work in progress (1.0) 11.1
Trade receivables and related accounts 47.8 17.1
Trade payables and related accounts (54.1) (73.4)
Social security and tax liabilities (9.2) (12.6)
Other payables and receivables (4.7) 3.3
Net cash flow from activities (7.7) (45.9)
Acquisitions of fixed assets (26.0) (17.4)
Intangible assets (14.3) (9.6)
Property, plant and equipment (11.3) (7.2)
Financial fixed assets (0.4) (0.6)
Disposal and reduction of fixed assets 1.7 0.4
Intangible assets 0.3 0.6
Property, plant and equipment 1.2 -
Financial fixed assets 0.2 (0.2)
Changes in scope (0.8) (4.7)
Net cash flow from (recorded under) investment activities (25.0) (21.7)
Dividends paid to non-controlling interests of consolidated companies - (0.2)
Transactions between the Group and non-controlling interests - -
Net disposal (acquisition) of treasury shares (2.1) -
Investment grants received - -
Increase in financial debt 71.4 109.2
Repayment of financial debt (17.8) (16.6)
Repayments of lease liabilities (19.0) (17.3)
Net financial interest paid (13.5) (11.7)
Change in other financing flows (0.1) (0.3)
Net cash flow from (recorded under) financing activities 19.1 63.1
Change in cash and cash equivalents (13.6) (4.5)
Opening cash position 25.3 21.5
Of which opening net cash position of continuing operations 25.3 21.5
Of which opening net cash position of activities held for sale - -
Closing cash position 11.7 17.0
Of which closing net cash position of continuing operations 11.5 17.0
Of which closing net cash position of activities held for sale 0.2 -




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PRESS RELEASE




8.Provisional agenda of forthcoming financial publications



For the financial year ending 30 June 2025

Date Event
29 July 2025 (before market) Annual revenue
8 October 2025 (before market) Annual results


Dates provided for information purposes and subject to change.




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PRESS RELEASE




Disclaimer
This press release may contain forward-looking statements.
Forward-looking statements are defined as opposed to historical facts and include, but are not limited to, all
expectations regarding:
- Future events such as trends, plans, expectations or objectives;
- Future business, such as the results, financial condition, performance or strategy of TERACT.
Forward-looking statements are based on the expectations and assumptions anticipated by TERACT's management
as of the date of this release and are only valid as of the date they are made. Investors and/or shareholders of TERACT
are warned not to place undue reliance on these forward-looking statements, which are, by their nature, subject to
risks and uncertainties that may or may not be identified and are beyond the control of TERACT.
These risks include, among others, those set forth in the "Risk Factors" section of the 2023-2024 Universal Registration
Document approved by the Autorité des Marchés Financiers on 24 October 2024 under the number R. 24-013 and
available at www.teract.com (under the heading "Investors/Publications"). As a result, actual results or performance
may differ materially from those expressed or implied by such forward-looking statements.
TERACT does not undertake any obligation to update such forward-looking statements, except as required by law and
regulation. All forward-looking statements made by or on behalf of TERACT are qualified by this cautionary statement.




About TERACT :
Since 29 July 2022, TERACT has combined the distribution activities of InVivo Group (formerly InVivo Retail) and those
of the former SPAC 2MX Organic.
TERACT is a major responsible distribution player in the garden centre, pet retail and food distribution growth markets.
Our ambition is to create a unique network of brands combining tradition and modernity, agricultural know-how and
innovation and in-store and digital experiences. TERACT meets the demand for a new generation of consumption which
is synonymous with quality, sustainability and traceability. TERACT groups together Garden Centre/Pet Retail brands
Jardiland, Gamm vert, Delbard, Jardineries du Terroir and Noé, la Maison des Animaux as well as Food Retail brands
Boulangerie Louise, Grand Marché La Marnière, Frais d'Ici and Bio&Co. TERACT's majority shareholder is InVivo, one of
the leading agricultural and agri-food groups in Europe.
TERACT is listed on the professional segment of Euronext Paris (ticker code: TRACT, ISIN: FR001400BMH7). Further
information is available at www.teract.com.



CONTACTS :
Investors: investors@teract.com
Media: media@teract.com




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