Laurent-Perrier Group Tours-sur-Marne, 28 November 2025




Financial press release
Results for the first six months of the 2025-2026 financial year

Laurent-Perrier: Revenue up, Net profit slightly lower
and profitability remains high


The financial statements for the first half of the 2025-2026 financial year, ended 30 September 2025,
were approved by the Management Board at its meeting held on 25 November 2025 and reviewed
the same day by the Supervisory Board, chaired by Mr Patrick THOMAS.



Key consolidated financial data:


1st 6 months 1st 6 months
In millions of Euros Financial year Financial year
2024-2025 2025-2026 Change vs FY N-1
At 30 September 2025
(1 April 2024 - (1 April 2025 -
30 September 2024) 30 September 2025)

Champagne sales 128.8 133.3 +3.5%
Group revenue 132.0 134 +1.5%
Operating profit 38.8 36.6 -5.7%
Operating margin % (*) 30.1% 27.5% -2.6 pts
Net profit attributable to the Group 25.3 23.1 -8.7%
Earnings per share (in Euros) 4.28 3.94 -€0.34
Operating cash flow (**) -39.2 -4.7 +€34.5m
* Margin calculated on champagne sales only
** Cash flow from operations - net investments




DOMAINE LAURENT-PERRIER – 51150 TOURS-SUR-MARNE – FRANCE
TEL: 33 (0) 3 26 58 91 22 – FAX: 33 (0) 3 26 58 77 29
LAURENT-PERRIER, S.A. A PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND SUPERVISORY BOARD (SOCIETE ANONYME A DIRECTOIRE ET CONSEIL DE SURVEILLANCE) WITH A CAPITAL OF
22,594,271.80 EUROS
R.C.S. REIMS B 335680096 - SIRET 335 680 096 00021 – APE 6420Z
CHAMPAGNE LAURENT-PERRIER – CHAMPAGNE SALON – CHAMPAGNE DELAMOTTE – CHAMPAGNE DE CASTELLANE
Commenting on the half-year results, Mr Stéphane Dalyac, Chairman of the Management Board,
stated:

"In a champagne market that remains less buoyant than in previous years, the Laurent-Perrier Group
reports revenue growth and a slight decline in half-year profit. However, investment in supporting
our brands and in the quality of our Champagnes enables us to maintain a high level of operating
margin, above that recorded in the years prior to the Covid period.
The Laurent-Perrier Group is thus maintaining its value-driven strategy, consistently relying on the
quality of its Champagnes, the strength of its brands, the commitment of its teams, and the controlled
management of its distribution."

Change in revenue:

During the period from 1 April 2025 to 30 September 2025, the champagne market recorded a -1.5%
decline in volumes shipped compared with the prior year. Over the same period, the Group achieved
a +2.6% increase in sales volumes compared with the first half of the previous financial year.

Over the first nine months of the calendar year, the champagne market was down -1.4%, while the
Group’s sales were up +8.9%, which does not, however, indicate the likely trend in revenue for the
full financial year.

In this less favourable environment, the strength of the Group’s brands and the quality of its
Champagnes continued to support its value-driven strategy, resulting in a price-mix effect of +1.6%
over the half-year, together with a +2.6% volume effect.

Consolidated revenue for the first half (champagne sales) therefore amounted to €133.3 million at
current exchange rates.

Change in profit:

In the first half of 2025-2026, the Group continued to invest for the long term, particularly in
supporting its brands and in commercial development. These investments in enhancing the value of
sales underpin the long-term strength of the brands. The Group’s operating margin reached 27.5% at
current exchange rates. Net profit attributable to the Group amounted to €23.1 million at current
exchange rates, down -8.7%, and represented 17.2% of consolidated revenue.

Changes in operating cash flow and financial structure:

The improvement in working capital (with the increase in inventories offset by higher trade
creditors and lower other current assets) led to an improvement in operating cash flow, which stood
at -€4.7 million compared with -€39.2 million at 30 September 2024.

The interim consolidated balance sheet as at 30 September 2025 confirms the robustness of the
Group’s financial position. Equity attributable to the Group amounted to €640.4 million, and net debt
(*) stood at €236.8 million, including €43.8 million in cash and cash equivalents. The gearing ratio
remains at an excellent level, at 0.37 at 30 September 2025 compared with 0.35 at 31 March 2025.
(*) Net debt: non-current financial and other liabilities + current financial liabilities – cash and cash equivalents.




DOMAINE LAURENT-PERRIER – 51150 TOURS-SUR-MARNE – FRANCE
TEL: 33 (0) 3 26 58 91 22 – FAX: 33 (0) 3 26 58 77 29
LAURENT-PERRIER, S.A. A PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND SUPERVISORY BOARD (SOCIETE ANONYME A DIRECTOIRE ET CONSEIL DE SURVEILLANCE) WITH A CAPITAL OF
22,594,271.80 EUROS
R.C.S. REIMS B 335680096 - SIRET 335 680 096 00021 – APE 6420Z
CHAMPAGNE LAURENT-PERRIER – CHAMPAGNE SALON – CHAMPAGNE DELAMOTTE – CHAMPAGNE DE CASTELLANE
Outlook:

The published results for the first half cannot be extrapolated to the full 2025-2026 financial year.
Indeed, the geopolitical environment and the economic situation in several of the Group’s key markets
call for considerable caution regarding the outlook for the coming months.

The Laurent-Perrier Group continues to implement its business plan with vigilance and confidence,
and is maintaining the course of its value-driven strategy, which is built on four pillars:
- A single business: The production and sale of top-of-the-range Champagnes
- Quality supply based on a partnership policy
- A portfolio of strong, complimentary brands
- Well-controlled worldwide distribution.




Laurent-Perrier is one of the rare family groups of champagne houses which is listed on the stock market, and
which is exclusively dedicated to champagne, and focused on the high-end market. It has a large product
portfolio renowned for its quality, based around the Laurent-Perrier, Salon, Delamotte and Champagne de
Castellane brands.



ISIN code: FR 0006864484 Laurent-Perrier belongs to compartment B of
Euronext. Main index CAC All Shares
Bloomberg: LPE:FP
It is included in the composition of the EnterNext©
Reuters: LPER.PA indices PEA-PME 150 and
Euronext® FAMILY BUSINESS.


Stéphane DALYAC
Chairman of the Management Board
Laurent-Perrier Group
Telephone: +33 3 26 58 91 22




The consolidated financial statements for the first six months of the 2025-2026 financial year were the subject of a limited audit
by the statutory auditors (KPMG and PwC). All the corresponding financial data are available in the 2025-2026 half-year financial
report, which will shortly be published on the Laurent-Perrier Group's financial website:
https://www.finance-groupelp.com/




DOMAINE LAURENT-PERRIER – 51150 TOURS-SUR-MARNE – FRANCE
TEL: 33 (0) 3 26 58 91 22 – FAX: 33 (0) 3 26 58 77 29
LAURENT-PERRIER, S.A. A PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND SUPERVISORY BOARD (SOCIETE ANONYME A DIRECTOIRE ET CONSEIL DE SURVEILLANCE) WITH A CAPITAL OF
22,594,271.80 EUROS
R.C.S. REIMS B 335680096 - SIRET 335 680 096 00021 – APE 6420Z
CHAMPAGNE LAURENT-PERRIER – CHAMPAGNE SALON – CHAMPAGNE DELAMOTTE – CHAMPAGNE DE CASTELLANE
Notes



Analysis of champagne sales

1st 6 months
FY 2025-2026
(1 April 2025 - 30 September 2025)

Champagne revenue (€m) 133.3
Change in % vs FY N-1
Total change +3.5%
o/w volume effect +2.6%
o/w price/mix effect +1.6%
o/w currency effect -0.7%




Elements of the consolidated balance sheet

At 30 At 30
Group - in € million
September 2024 September 2025

Shareholders' equity
612.3 640.4
Group share

Net debt 241.8 236.8

Inventories and work-in-
705.4 751.7
progress




Financial agenda


Annual results 2025-2026: 29 May 2026




DOMAINE LAURENT-PERRIER – 51150 TOURS-SUR-MARNE – FRANCE
TEL: 33 (0) 3 26 58 91 22 – FAX: 33 (0) 3 26 58 77 29
LAURENT-PERRIER, S.A. A PUBLIC LIMITED COMPANY WITH A MANAGEMENT BOARD AND SUPERVISORY BOARD (SOCIETE ANONYME A DIRECTOIRE ET CONSEIL DE SURVEILLANCE) WITH A CAPITAL OF
22,594,271.80 EUROS
R.C.S. REIMS B 335680096 - SIRET 335 680 096 00021 – APE 6420Z
CHAMPAGNE LAURENT-PERRIER – CHAMPAGNE SALON – CHAMPAGNE DELAMOTTE – CHAMPAGNE DE CASTELLANE