MHP SE reports Q2 and six-month 2026 results

For best results when printing this announcement, please click on link below: RNS Number: 5362W MHP SE 28 September 2026 28 September 2026, Limassol, Cyprus MHP SE Financial Results for the Second Quarter and Six Months ended 30 June 2026 MHP SE (LSE:MHPC), the parent company of a leading international food and agri group, today announces its audited results for the second quarter and six months ended 30 June 2026. Hereinafter, MHP SE and its subsidiaries are referred to as "MHP", "The Company" or "The Group". MHP is reporting solid operational performance for 6M 2026 despite challenging operational environment both in Ukraine and worldwide.

Presentation of H1 and Q2 2026 results with details about operational and financial results can be found here: ( ). This presentation will be used by Management Team during conference call with stakeholders. DIAL-IN DETAILS MHP's management will host a conference call for investors and analysts followed by Q&A on the day of the results. ua) OPERATIONAL ENVIRONMENT Current Operating Environment in Ukraine The operating environment for Ukraine's agricultural sector has deteriorated materially in recent months due to the increased intensity of attacks and growing security risks affecting key transport and export infrastructure.

The Odesa region and Black Sea logistics infrastructure have been particularly affected, with repeated attacks disrupting port operations and commercial shipping. The effective disruption of Ukraine's main Black Sea export routes is creating significant challenges for agricultural supply chains. Grain and other agricultural products are increasingly dependent on lower-capacity alternative routes through the Danube and western border crossings, resulting in longer transit times, congestion, higher logistics costs and greater uncertainty around export scheduling.

Security risks are also affecting rail and road infrastructure, while frequent air-raid alerts and attacks on transport facilities can interrupt the movement and handling of agricultural commodities. The broader escalation in the Black Sea has increased shipping and war-risk insurance costs and reduced the availability of vessels serving Ukrainian trade routes. For the agricultural sector, the combination of constrained export capacity, elevated logistics costs, limited storage availability and weaker access to international markets is creating additional pressure during the harvest and export season.

At the same time, the availability of alternative routes provides some capacity to maintain agricultural trade, although these routes cannot fully replicate the scale and efficiency of the Black Sea corridor. Overall, the key operational challenge is the continued uncertainty around the security of Ukraine's agricultural production, storage and export infrastructure, with conditions remaining highly dependent on the evolution of the war and the ability of logistics networks to operate safely. GLOBAL EXPANSION On 30 May 2026, MHP entered into a share purchase agreement to acquire a controlling stake in Greek poultry producer Th.

Nitsiakos AVEE, subject to customary closing conditions, regulatory approvals and other conditions. Upon completion, the transaction is expected to further strengthen the Group's presence in Southern Europe, supports the diversification and resilience of the Group, and reinforces its position as an international food company. It is consistent with MHP's strategy of partnering with established local businesses to leverage operational expertise and market access and support sustainable long-term growth. 41 per kg) excluding VAT.

68 per kg). · Poultry meat exports from Ukraine increased y/y to 105,132 tonnes (Q2 2025: 88,362 tonnes). · Since the acquisition of UVESA in July 2025, the Group has strengthened its European poultry operations, with UVESA contributing 60,592 tonnes of poultry meat production, 14,264 tonnes of pork production in Q2 2026. 29 per kg) excluding VAT.

62 per kg). · Poultry meat exports from Ukraine slightly increased y/y to 199,075 tonnes (6M 2025: 185,589 tonnes). · Since the acquisition of UVESA in July 2025, the Group has strengthened its European poultry operations, with UVESA contributing 121,212 tonnes of poultry meat production, 32,235 tonnes of pork production in 6M 2026. FINANCIAL HIGHLIGHTS Q2 2026 · Revenue increased by 33% y/y to US$ 1,139 million (Q2 2025: US$ 856 million).

· Operating profit (excluding impairment) increased by 24% y/y to US$ 94 million, (Q2 2025: US$ 76 million), while operating margin decreased to 8% (Q2 2025: 9%). · Adjusted EBITDA (net of IFRS 16) increased by 22% y/y to US$ 153 million (Q2 2025: US$ 125 million); adjusted EBITDA margin (net of IFRS 16) decreased to 13% (Q2 2025: 15%). · Net profit decreased by 35% y/y to US$ 28 million (Q2 2025: US$ 43 million). 6M 2026 · Revenue increased by 32% y/y to US$ 2,161 million (6M 2025: US$ 1,635 million).

· Operating profit (excluding impairment) decreased by 17% y/y to US$ 113 million (6M 2025: US$ 136 million) and operating margin decreased to 5% (6M 2025: 8%). · Adjusted EBITDA (net of IFRS 16) decreased by 2% y/y to US$ 232 million (6M 2025: US$ 236 million); adjusted EBITDA margin (net of IFRS 16) decreased to 11% (6M 2025: 14%). · Net loss amounted to US$ 57 million (6M 2025: net profit of US$ 75 million), primarily reflecting a US$ 85 million non-cash foreign exchange loss in 6M 2026 compared with a US$ 14 million gain in 6M 2025.

SEGMENT PERFORMANCE Poultry and processed meat and related operations Q2 2026 · Revenue increased by 10% y/y to US$ 523 million (Q2 2025: US$ 476 million). · Gross profit of US$ 63 million decreased by 48% y/y and gross margin decreased to 12% (Q2 2025: US$ 121 million and 25% respectively). · Adjusted EBITDA (net of IFRS 16) decreased by 66% y/y at US$ 30 million (Q2 2025: US$ 87 million); adjusted EBITDA margin (net of IFRS 16) also decreased to 6% (Q2 2025: 18%). 6M 2026 · Revenue increased by 9% y/y to US$ 976 million (6M 2025: US$ 897 million).

· Gross profit decreased by 44% to US$ 123 million (6M 2025: US$ 221 million), while gross margin decreased to 13% (6M 2025:25%). · Adjusted EBITDA (net of IFRS 16) decreased by 71% y/y to US$ 49 million (6M 2025: US$ 167 million); adjusted EBITDA margin (net of IFRS 16) also decreased to 5% from 19%. Vegetable oil operations Q2 2026 · Revenue increased by 38% y/y to US$ 145 million (Q2 2025: US$ 105 million). · Gross profit increased by 50% y/y to US$ 6 million (Q2 2025: US$ 4 million), while gross margin remained stable at 4% (Q2 2025: 4%).

· Adjusted EBITDA (net of IFRS 16) increased by 20% y/y to US$ 6 million (Q2 2025: US$ 5 million), while adjusted EBITDA margin (net of IFRS 16) slightly decreased to 4% (Q2 2025: 5%). 6M 2026 · Revenue increased by 17% y/y to US$ 261 million (6M 2025: US$ 224 million). · Gross profit increased by 80% y/y to US$ 9 million (6M 2025: US$ 5 million), while gross margin slightly increased to 3% (6M 2025: 2%). Adjusted EBITDA (net of IFRS 16) increased by 50% y/y to US$ 9 million (6M 2025: US$ 6 million); adjusted EBITDA margin (net of IFRS 16) remained stable at 3%.

Agriculture operations Q2 2026 · Revenue decreased by 13% y/y to US$ 87 million (Q2 2025: US$ 100 million). · Adjusted EBITDA (net of IFRS 16) increased by 217% y/y to US$ 111 million (Q2 2025: US$ 35 million). 6M 2026 · Revenue decreased by 3% y/y to US$ 186 million (6M 2025: US$ 192 million). · Adjusted EBITDA (net of IFRS 16) increased by 113% y/y to US$ 149 million (6M 2025: US$ 70 million).

European operating segment Q2 2026 · Revenue increased by 119% y/y to US$ 384 million (Q2 2025: US$ 175 million), mainly due to the consolidation of UVESA's results in Q2 2026, while the comparative period did not include UVESA. · Gross profit of US$ 59 million increased by 26% y/y while gross margin decreased to 15% (Q2 2025: US$ 47 million and 27% respectively). · Adjusted EBITDA (net of IFRS 16) increased by 48% y/y to US$ 43 million (Q2 2025: US$ 29 million); adjusted EBITDA margin (net of IFRS 16) decreased to 11% (Q2 2025:17%).

6M 2026 · Revenue at US$ 738 million was up by 129% y/y (6M 2025: US$ 322 million), driven by the same factors as in Q2 2026, namely the acquisition of UVESA. · Gross profit increased to US$ 124 million up by 57% y/y (6M 2025: US$ 79 million), while gross margin decreased to 17% (6M 2025: 25%). · Adjusted EBITDA (net of IFRS 16) increased by 79% y/y to US$ 86 million (6M 2025: US$ 48 million); adjusted EBITDA margin (net of IFRS 16) decreased to 12% (6M 2025: 15%). CURRENT GROUP CASH FLOW (in mln.

US$) Q2 2026 Q2 2025 6M 2026 6M 2025 Cash from operations 60 80 94 181 Change in working capital (89) 37 (109) (19) Net Cash from operating activities (29) 117 (15) 162 Cash used in investing activities (65) (119) (124) (179) Cash from financing activities (84) (36) 71 (20) Total change in cash(1)) (178) (38) (68) (37) (1))Calculated as Net Cash from operating activities plus Cash used in investing activities plus Cash used in financing activities Debt Structure and Liquidity As at 30 June 2026 the Net Debt equals to US$ 1,617 million and LTM adjusted EBITDA (net of IFRS 16) rose to US$ 565 million (31 December 2025: US$ 1,532 million and US$ 569 million respectively).

0 defined in the Eurobond agreement. 8 to 1. Notes to Editors: About MHP MHP is an international food and agri company, which produces high-quality healthy food products that enhance its consumers' lives. It has production facilities in Ukraine and throughout South-Eastern Europe, and is a specialist in the application and deployment of the latest food and agri-technologies across its operations.

MHP's shares (GDRs) are listed on the London Stock Exchange. Employing nearly 39,000 employees in Ukraine and abroad, MHP is ranked among Ukraine's top 20 employers, according to Forbes Ukraine. MHP exports its products to over 80 countries worldwide. The company's land bank totals 350,000 hectares across 12 regions of Ukraine.

MHP is the largest single taxpayer across Ukraine's agricultural sector and was recognised by Forbes Ukraine and NV as one of the country's top investors in 2024. MHP is the leading poultry producer in Europe and ranks among the top 10 poultry producers worldwide, according to the WattPoultry ranking. The company develops over 15 food brands and, together with its partners, operates several chains, including the MeatMarket stores and Döner Market outlets. Through the Charitable Foundation MHP-Hromadi, the company supports Ukrainians, fosters community development, and preserves Ukrainian culture.

To provide personalised assistance and comprehensive support to members of the armed forces, veterans, and their families, MHP has designed and implemented the MHP Standing Together programme. The founder and CEO of MHP is Ukrainian businessman Yuriy Kosyuk. About Grupo UVESA Grupo UVESA stands as a prominent leader in Spain's food industry, with over 60 years of dedication to excellence in the poultry, and feed sectors. The company's vertically integrated model ensures meticulous oversight across all production stages, reinforcing its commitment to quality and food safety.

UVESA was acquired by Group in July 2025 and MHP is a principal (92%) shareholder. Poultry business As one of Spain's foremost chicken producers, UVESA operates state-of-the-art facilities equipped with advanced automation and stringent process controls. This has earned the company international certifications in quality and food safety. Pork Sector Pork production and genetics, serving as a major supplier to the country's leading meat companies.

Feed area The company's feed manufacturing centers utilize cutting-edge technologies to produce nutrient-rich feed, ensuring the healthy and balanced growth of livestock. Throughout its history, UVESA has experienced significant growth, driven by the dedication of its workforce and the trust of its stakeholders. The company remains committed to innovation and excellence, solidifying its position as a trusted name in the agri-food sector. About Perutnina Ptuj Perutnina Ptuj, headquartered in Ptuj, Slovenia, is a poultry producer and food company with a rich tradition dating back to 1905.

It is an international group of 16 companies with more than 5,200 employees in 7 countries, operating 15 production plants and 3 trading companies. Perutnina Ptuj is a wholly owned subsidiary of the MHP Group since 2019. Forward-Looking Statements This press release might contain forward-looking statements that refer to future events or forecast financial indicators for MHP SE. Such statements do not guarantee that these are actions to be taken by MHP SE in the future, and estimates can be inaccurate and uncertain.

Actual final indicators and results can considerably differ from those declared in any forward-looking statements. MHP SE does not intend to change these statements to reflect actual results. MHP SE AND ITS SUBSIDIARIES Interim condensed consolidated Financial Statements As of and for the three-month and six-month period ended 30 June 2026 CONTENTS STATEMENT OF MEMBERS OF THE BOARD OF DIRECTORS................................................................. 3 MANAGEMENT REPORT........................................................................................................................

5 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIOD ENDED 30 JUNE 2026 INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME.............................................................................................................................................................. 6 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION..................................... 7 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY..................................... 8 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS................................................

9 NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS.............................. 10 1. Corporate information..................................................................................................................... 10 2.

Basis of preparation and accounting policies................................................................................... 11 3. Changes in the Group structure....................................................................................................... 13 4.

Segment information...................................................................................................................... 15 5. Revenue........................................................................................................................................ 17 6.

Profit for the period........................................................................................................................ 18 7. Property, plant and equipment........................................................................................................ 18 8.

Inventories, agricultural produce and biological assets..................................................................... 18 9. Shareholders' equity....................................................................................................................... 18 10.

Bank borrowings.......................................................................................................................... 19 11. Bonds issued.............................................................................................................................. 21 12.

Related party balances and transactions....................................................................................... 22 13. Operating environment in Ukraine.................................................................................................. 24 14.

Contingencies and contractual commitments................................................................................. 25 15. Fair value of financial instruments................................................................................................. 26 16.

Risk management policy.............................................................................................................. 26 17. Subsequent events...................................................................................................................... 28 18.