JUMBO Maintains Its 2026 Outlook – Annual General Meeting Approves Dividend Distribution of 0,70 EUR per Share

The Annual General Meeting of JUMBO Group shareholders was held today, 15 July 2026, with increased shareholder participation, representing approximately 73% of the Company's share capital.

During the review of the Group's trading performance, management noted that the temporary ceasefire in the Iran conflict, reached in late June, validated its earlier assessment. Following the initial de-escalation, sales rebounded, reversing the downward trend. 

Management had previously assessed that the slowdown observed at the peak of the crisis was temporary, and reversible, reflecting consumer sentiment rather than any weakening in the Group’s underlying momentum.

In June 2026, the Group's sales increased by approximately 7% year-on-year, bringing sales growth for the first half of 2026 (January–June) to approximately 4%.

Sales during the first days of July post double-digit growth. However, as management emphasized, the ceasefire remains fragile, as recent developments play out. Market conditions have yet to return to normal.

Accordingly, based on the information available to date, management is maintaining its guidance for the 2026 financial year, forecasting sales growth of approximately 5% and net profit in the range of EUR 310 million to EUR 320 million. Management will reassess its outlook upon the publication of the Group's first-half financial results.

Total Shareholder Distributions of €161.2 Million in 2026

Among other resolutions, shareholders approved management's proposal for the distribution of a dividend of €94 million, or €0.70 per share, from the profits of the 2025 financial year.

The ex-dividend date has been set for 22 July 2026. The record date will be 23 July 2026. Dividend payment will commence on 28 July 2026.

It is recalled that, in March 2026, JUMBO distributed an extraordinary cash payment of €67 million to its shareholders.

By the end of July 2026, JUMBO will have returned a total of approximately €161.2 million to its shareholders, corresponding to a dividend yield of 5%.

Management reiterated that JUMBO's capital allocation policy remains unchanged.

The Group's primary priority remains organic growth, supported by investments in new stores and distribution centers that underpin its long-term growth trajectory.

At the same time, management will continue to pursue acquisitions of properties currently leased by the Group, while maintaining its policy of distributing approximately one-third of consolidated net profit to shareholders in the form of dividends.

Should surplus capital arise beyond the Group's operating and strategic requirements, management will consider an extraordinary cash distribution to shareholders before the end of the year.

Performance Across the markets

The Greek market continues to be the Group's primary growth driver, delivering the strongest organic growth across the markets in which it operates.

In Cyprus, despite the country's geographical proximity to the conflict in the Middle East, the market demonstrated remarkable resilience.

In Bulgaria, the market continues to deliver very strong performance, while the government's more expansionary fiscal policy is expected to provide short-term support to consumer spending, without eliminating longer-term fiscal concerns.

In Romania, the second half of 2026 will be compared against a particularly challenging period in 2025, which was affected by the increase in the VAT rate and the depreciation of the Romanian leu, resulting in a more favorable comparison base.

At the same time, the European Union's decision to impose a levy on low-value imports from third countries is expected to help create a level playing field across the European market.

Sales Performance per country

Greece:  In June 2026, the parent company's net sales (excluding intercompany transactions) increased by approximately 10% compared with the corresponding month last year. For the first half of the year, net sales grew by approximately 7%.

Cyprus:  Sales at the Group's stores in Cyprus increased by approximately 6% in June 2026 compared with the corresponding month last year. For the first half of the year, sales grew by approximately 4%.

Bulgaria: In June 2026, sales at the Group's stores in Bulgaria, as well as its local e-commerce platform (https://www.e-jumbo.bg), increased by approximately 12% compared with the corresponding month last year. For the first half of the year, sales grew by approximately 11%.

Romania: Sales across the Group's store network in Romania, as well as its local e-commerce platform (www.e-jumbo.ro), declined by approximately 6% in June 2026 compared with the corresponding month last year, while for the first half of the year sales were down by approximately 7%.

Store Network

As of 30 June 2026, the JUMBO Group operated a network of 89 stores, comprising 53 in Greece, 6 in Cyprus, 10 in Bulgaria and 20 in Romania. The Group also operates e-commerce platforms in Greece, Cyprus, Romania and Bulgaria.

One additional hyper-store, located in Baia Mare, Romania, is expected to commence operations by the end of the year.

Through franchise partnerships, the Group currently has a presence in seven countries with 46 stores operating under the JUMBO brand (Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel).

In July 2026, the seventh JUMBO store in Israel commenced operations, with two additional stores expected to open before the end of the year.