ex992vestis2q26earningsd

Second Quarter 2026 Results May 12th, 2026

Non-GAAP Financial Measures Vestis reports its financial results in accordance with U.S. GAAP, but in this presentation and the non-GAAP reconciliations that follow, Vestis also uses the following non-GAAP measures: Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss), Adjusted Basic Earnings Per Share (“EPS”), Adjusted Diluted EPS, Free Cash Flow, Adjusted Free Cash Flow, Operating Working Capital, Net Debt, Net Leverage Ratio, Covenant Adjusted EBITDA, Covenant Adjusted EBITDA Margin, Trailing Twelve Months Covenant Adjusted EBITDA, Return on Working Capital, Adjusted Operating Expenses, Cost per Pound, Operating Leverage and Investments in Capital Assets. Vestis believes that non-GAAP financial measures, when considered together with the corresponding U.S. GAAP financial measure, provide useful supplemental information to investors. Certain adjustment-based measures exclude items that management believes may not be indicative of or are unrelated to Vestis’ core operating results. Vestis uses these non-GAAP financial measures with U.S. GAAP financial measures and other operating data to assist in the evaluation of its operating performance. Vestis believes that presentation of these measures also helps investors because the measures enable better comparisons of Vestis’ historical results and allow investors to evaluate Vestis’ performance based on the same metrics that Vestis uses to evaluate its performance and trends in its results. However, these measures have limitations as analytical tools and should not be considered in isolation or as a substitute for Vestis’ results as reported under U.S. GAAP. Specifically, you should not consider these measures as alternatives to revenue, operating income, operating expenses, operating income margin, net income (Loss), net income margin or net cash provided by operating activities determined in accordance with U.S. GAAP. These non-GAAP financial measures also should not be considered as measures of cash available to Vestis to invest in the growth of Vestis’ business or cash that will be available to Vestis to meet its obligations. Non-GAAP financial measures as presented by Vestis may not be comparable to other similarly titled measures of other companies because not all companies use identical calculations. Reconciliations of non-GAAP financial measures to the most directly comparable U.S.GAAP measures are provided in the tables at the end of this presentation. Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the securities laws. All statements that reflect our expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, forecasts relating to discussions of future operations and financial performance and statements regarding our strategy for growth, future product development, regulatory approvals, competitive position and expenditures. In some cases, forward-looking statements can be identified by words such as “potential,” “outlook,” “guidance,” “anticipate,” “continue,” “estimate,” “expect,” “will,” and “believe,” and other words and terms of similar meaning or the negative versions of such words. Examples of forward-looking statements in this release include, but are not limited to, statements regarding: the potential effects of our comprehensive actions to enhance both our commercial and operational processes, and our expectations regarding our updated fiscal year 2026 performance outlook. These forward-looking statements are subject to risks and uncertainties that may change at any time, and actual results or outcomes may differ materially from those that we expected. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict including, but not limited to: unfavorable macroeconomic conditions and geopolitical instability, including as a result of the military conflict among the United States, Israel, and Iran, government shutdowns, inflationary pressures and higher interest rates; the failure to retain current customers, renew existing customer contracts and obtain new customer contracts, which could result in continued stock volatility and potential future goodwill impairment charges; competition in our industry; our ability to comply with certain financial ratios, tests and covenants in our credit agreement, including the Net Leverage Ratio; our significant indebtedness and ability to meet debt obligations and our reliance on an accounts receivable securitization facility; our ability to successfully execute or achieve the expected benefits of our business transformation and restructuring plan and other measures we may take in the future; increases in fuel and energy costs and other supply chain challenges and disruptions, including as a result of disruptions in international shipping through the Strait of Hormuz and the military conflicts in the Middle East and Ukraine; implementation of new or increased tariffs and ongoing changes in U.S. and foreign government trade policies, including potential modifications to existing trade agreements and retaliatory measures by foreign governments; increased operating costs and obstacles to cost recovery due to the pricing and cancellation terms of our support services contracts; a determination by our customers to reduce their outsourcing or use of preferred vendors; the outcome of legal proceedings to which we are or may become subject, including securities litigation claims that could result in significant legal expenses and settlement and damage awards; risks associated with suppliers from whom our products are sourced; challenge of contracts by our customers; currency risks and other risks associated with international operations, including compliance with a broad range of laws and regulations, including the United States Foreign Corrupt Practices Act; increases in labor costs or inability to hire and retain key or sufficient qualified personnel; continued or further unionization of our workforce; our expansion strategy and our ability to successfully integrate the businesses we acquire and costs and timing related thereto; natural disasters, global calamities, climate change, civil or political unrest, terrorist attacks, pandemics or other public health crises, and other adverse incidents; liability resulting from our participation in multiemployer-defined benefit pension plans; liability associated with noncompliance with applicable law or other governmental regulations; laws and governmental regulations including those relating to the environment, wage and hour and government contracting; unanticipated changes in tax law; new interpretations of or changes in the enforcement of the government regulatory framework; a cybersecurity incident or other disruptions in the availability of our computer systems or privacy breaches; stakeholder expectations relating to environmental, social and governance (“ESG”) considerations which may expose us to liabilities and other adverse effects on our business; any failure by Aramark to perform its obligations under the various separation agreements entered into in connection with the separation; and a determination by the IRS that the distribution or certain related transactions are taxable. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the Company’s filings with the Securities and Exchange Commission (“SEC”), including “Item 1A-Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in “Item 1A-Risk Factors” of Part II in subsequently-filed Quarterly Reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. This presentation and the remarks made during the associated conference call are integrally related and are intended to be presented and understood together. Notes to Investors ©2025 Vestis. All rights reserved. 2

Second Quarter 2026 Executive Summary ©2026 Vestis. All rights reserved. 3 ▶ Second quarter results reflect strong progress in Fiscal 2026 ▶ Revenue of $659.4 million on decreased total volume1 ▶ Adjusted EBITDA2 of $74.5 million ▶ Free Cash Flow2 of $45.6 million ▶ Adjusted Free Cash Flow2 of $56.6 million ▶ Adjusted EPS2 of $0.16 per diluted share ▶ Available liquidity2 of $344.5 million ▶ Operating leverage per pound1,2 improvement of $0.02 on improved cost per pound1,2 ▶ Meaningful progress advancing our operational excellence priorities ▶ 11% improvement1 in plant productivity2 ▶ 270 bps improvement1 in on-time deliveries ▶ 4% reduction1 in customer complaints ▶ Commercially focused on improving revenue quality ▶ Investment in customer and product profitability tools to accelerate strategic pricing model ▶ Driving a more favorable product sales mix ▶ Focused on better customer penetration ▶ Updating Fiscal Year 2026 Outlook ▶ Revenue flat to down 2% versus FY 2025 revenue on a 52-week basis ▶ Adjusted EBITDA2 in the range of $295 million to $325 million ▶ Free Cash Flow2 in the range of $120 million to $150 million ▶ Q uarterly sequential Adjusted EBITDA2 growth of ~5% in Q3’26 and between ~5% and ~10% in Q4’26 1) When measured as pounds processed by our facilities compared to the second fiscal quarter of 2025 2) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations

2Q 2026 Financial Summary ©2026 Vestis. All rights reserved. 4 Revenue $s in Millions Covenant Adjusted EBITDA1,3 / Adjusted EBITDA1 $s in Millions & % of Revenue 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 2) When measured as pounds processed by our facilities 3) F2Q25 Covenant Adjusted EBITDA of $62.6 million, which excluded a $15 million bad debt expense adjustment from Adjusted EBITDA for the quarter Adjusted Free Cash Flow1 $s in Millions Revenue of $659.4 million o A decrease of $5.8 million year over year or 0.9% o Revenue decline net a benefit from foreign exchange on currency of $2.7 million o Total volume2 decreased 1.2% o Revenue per pound1 flat compared to prior year and F1Q26 Adjusted EBITDA1 of $74.5 million, or 11.3% of revenue o Increase of $11.9 million year over year or 19.1% when compared to Covenant Adjusted EBITDA1,3 of $62.6 million in F2Q25 o Improvements in adjusted operating expenses1 resulting from strategic business transformation o Increased sequentially compared to the first quarter of fiscal 2026, when adjusted EBITDA1 was $70.4 million, or 10.6% of revenue Free Cash Flow 1 of $45.6 million and Adjusted Free Cash Flow1 of $56.6 million o Free Cash Flow1 improvement of $52.4 million year over year o Neutral of working capital contributions o Includes benefit of $12.0 million from lower merchandise in service o Adjusted Free Cash Flow1 excludes $11.1 million of business transformation cash payments o Total available liquidity of $344.5 million including $50.3 million of cash and cash equivalents on hand as of April 3, 2026 Adjusted Diluted EPS1 of $0.16 per share Adjusted Diluted EPS1 $s in Dollars F2Q25 F2Q26 F2Q253 F2Q26 F2Q25 F2Q26 F2Q25 F2Q26 $665 $659 $63 $75 9.4% 11.3% $(7) $57 $(0.05) $0.16

2Q 2026 Financial Reconciliations Lower volume of 1.2% in pounds processed negatively impacting revenue 2Q Revenue Reconciliation $s in Millions 2Q Covenant Adjusted EBITDA1,2 / Adjusted EBITDA1 Reconciliation $s in Millions Flat revenue per pound1 compared to F2Q25 and F1Q26 Year over year revenue decline of $5.8 million including benefit from foreign currency of $2.7 million in F2Q26 Decline in revenue of $5.8 million offset by $17.7 million improvement in Adjusted Operating Expenses1 Lower cost of service of $4.2 million from improved merchandise and delivery costs Adjusted EBITDA(1) Revenue 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 2) F2Q25Covenant Adjusted EBITDA of $62.6 million, which excluded a $15 million bad debt expense adjustment from Adjusted EBITDA for the quarter ©2026 Vestis. All rights reserved. 5 Category 1 Category 2 Category 4 Chart Title F2Q25 Revenue F2Q26 Revenue Lower Volume $659.4$665.2 $5.8 F2Q25 Covenant Adjusted EBITDA2 Revenue Decline Improvements in Adjusted Operating Expenses1 $74.5$62.6 $(5.8) $17.7 F2Q26 Adjusted EBITDA1 Decline of $5.8M or 0.9% Improvement of $11.9M or 19% SG&A improvements of $13.5 million resulting from transformation actions, net of Adjusted EBITDA1 add-backs

Vestis Confidential ©2025 Vestis. All rights reserved. 6 2Q 2026 Revenue Metrics Revenue $s in Millions F2Q25 F2Q26 $665.2 $659.4 Volume1 In Millions of Pounds 1) When measured as pounds processed by our facilities 2) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 3) See Note 5. Revenue in our F2Q26 10-Q for more information (0.9)% F2Q25 F2Q26 486.5 480.5 (1.2)% Revenue per Pound2 $s in Dollars F2Q25 F2Q26 $1.37 flat$1.37 Improving Linen Product Mix % of Pounds processed by our facilities Revenue per pound2 flat on commercial excellence initiatives including more favorable product mix from F1Q26 Revenue dollar product mix concentration consistent with fiscal first quarter 2026 (Uniforms 37% / Workplace supplies 63%) Change Year over year, linen volume1 increased 4% in fiscal second quarter 2026, an improvement from 7% increase in first quarter, sequentially linen volume1 down 2% ©2026 Vestis. All rights reserved. 6 F1Q25 vs. F1Q26 Up 7% F2Q25 vs. F2Q26 Up 4% F1Q26 vs. F2Q26 Down 2% Progress towards a more favorable product mix Revenue per pound2 has demonstrated consistent historical improvement over preceding quarters, accelerated by our transformation Improving Revenue per Pound2 Comparisons Year over year comparison of Revenue per Pound2 by fiscal quarter F2Q25 $ (0.08) F3Q25 $ (0.06) F4Q25 $ (0.06) F1Q26 $ (0.04) F2Q26 Flat Year over year comparisons improving from down eight cents to flat

Vestis Confidential ©2025 Vestis. All rights reserved. 7 2Q 2026 Cost and Operating Leverage Metrics Adjusted Operating Expenses1 $s in Millions F2Q25 F2Q26 $602.6 $584.9 Volume2 In Millions of Pounds 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 2) When measured as pounds processed by our facilities (2.9)% F2Q25 F2Q26 486.5 480.5 Cost per Pound1 $s in Dollars F2Q25 F2Q26 $1.24 $0.02/(2)%$1.22 Operating Leverage1 $s in Dollars Revenue per Pound1 Cost per Pound1 Operating Leverage1 Less$1.37 $0.13 Operating leverage1 increase of $0.02 per pound on increased improvement in cost per pound1, a first in Vestis history as standalone public company Adjusted operating expenses1 declined $17.7M or 2.9% on cost of service and net SG&A improvements from our strategic business transformation Change Cost per pound1 improvement of $0.02 per pound vs. prior year F2Q25 $1.24 Equals Revenue per Pound1 Cost per Pound1 Operating Leverage1 Less$1.37 $0.15F2Q26 Equals$1.22 Each penny of operating leverage1 equates to approximately $5 million of Adjusted EBITDA1 on our curre t volume and product mix levels ©2026 Vestis. All rights reserved. 7 (1.2)%

Operating Working Capital, Cash Flow and Liquidity ©2026 Vestis. All rights reserved. 8 Operating Working Capital1,2 $s in Millions Total Liquidity – Cash & Excess Availability3 $s in Millions Free Cash Flow 1 $s in Millions 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 2) Operating working capital includes accounts receivable, inventory, and accounts payable; Accounts receivable prior to F3Q24 adjusted for $233M impact of A/R facility; See Appendix for calculation 3) Excess availability is defined as undrawn revolver capacity less letters of credit issued in accordance with the Company’s Credit Agreement Free Cash Flow1 of $45.6 million for F2Q26, including $12.7 million in capital expenditures, an improvement of $52.4 million year over year $268$266$264 $295$295 Free Cash Flow1 includes $11.1 million of business transformation cash, excluding which Adjusted Free Cash Flow 1 of $56.6 million reflecting strong cash flow generative capabilities of our business Total available liquidity of $344.5 million including $50.3 million cash and cash equivalents on hand as of April 3, 2026 0.0% 50.0% 100.0% 150.0% 200.0% 0 50 100 150 200 250 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Operating Working Capital1,2 Operating Working Capital Return on Working Capital $(7) $8 $15 $28 45.6 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 264.3 266.3 268.2 275.2 294.2 $29 $24 $30 $42 $50 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Excess Availability Cash on Hand

(in Millions) FY 2025 Actual Low Mid High Revenue Growth (4.4)% (2.0)% (1.0)% Flat Adjusted EBITDA1 $272.62 $285 $300 $315 Free Cash Flow1 $5.9 $50 $55 $60 Updated Fiscal 2026 Outlook ©2026 Vestis. All rights reserved. 9 Previous – FY 2026 Outlook 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations 2) ‘FY 2025 Actual Adjusted EBITDA’ referenced is FY 2025 reported covenant-adjusted EBITDA of $277.9 adjusted to exclude the additional operating week in the Company’s fiscal year 2025 3) Ranges are approximate (in Millions) FY 2025 Actual Low Mid High Revenue Growth (4.4)% (2.0)% (1.0)% Flat Adjusted EBITDA1 $272.62 $295 $310 $325 Free Cash Flow1 $5.9 $120 $135 $150 Current – FY 2026 Outlook Current Outlook Updates Include Sequential quarterly growth3 in Adjusted EBITDA1 of ~5% in Q3’26 and between ~5% and ~10% in Q4’26 Free Cash Flow1 expected to be impacted by: o Between3 $60 million and $70 million of annual cash capital expenditures o $22 million in first half 2026 with remaining expected in second half 2026 o Between3 $30 million and $35 million in cash paid for transformation expenses, including severance o $25.7 million in first half 2026 with remaining expected in second half 2026 Revenue outlook is compared to normalized fiscal 2025 revenue of $2.683 billion, excluding the impact of the additional operating week

2Q 2026 Strategic Business Transformation Plan Update Commercial ExcellenceOperational Excellence Asset & Network Optimization Improve Operating Leverage Stabilize & Grow Revenue Align Footprint For Growth Further progress in implementation of critical decision support tools leading to improved revenue quality Improvements in pricing when compared to F2Q25 combined with sequentially improved product mix from lower linen volume Commercial excellence initiatives contributed to flat revenue per pound1 when compared to F2Q25 Continued improvements in on-time delivery (270bps), plant productivity1 (11%), and customer complaints declining (4%) versus F2Q25 Improved cost of service expenses in merchandise and delivery expenses Efforts resulted in a $0.02 improvement in cost per pound1 when compared to F2Q25 Assessing our network positioning across key markets, leveraging meaningful capacity to identify optimization and growth opportunities Annual expected cost savings of at least $75 million by end of FY 2026 Sold two non-operating properties during the period for $6.5 million in proceeds used to repay debt Positioning the business to capitalize on evolving competitive dynamics within the market landscape to deliver superior service to new and existing customers alike ©2026 Vestis. All rights reserved. 10 1) See Appendix for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations

Q&A

Appendix

Non-GAAP Financial Measures ©2026 Vestis. All rights reserved. 13 Vestis reports its financial results in accordance with U.S. GAAP, but in this presentation and the non-GAAP reconciliations that follow, Vestis also uses the following non-GAAP measures: Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss), Adjusted Basic Earnings Per Share (“EPS”), Adjusted Diluted EPS, Free Cash Flow, Adjusted Free Cash Flow, Operating Working Capital, Net Debt, Net Leverage Ratio, Covenant Adjusted EBITDA, Covenant Adjusted EBITDA Margin, Trailing Twelve Months Covenant Adjusted EBITDA, Return on Working Capital, Adjusted Operating Expenses, Cost per Pound, Operating Leverage and Investments in Capital Assets. Vestis believes that non-GAAP financial measures, when considered together with the corresponding U.S. GAAP financial measure, provide useful supplemental information to investors. Certain adjustment-based measures exclude items that management believes may not be indicative of or are unrelated to Vestis’ core operating results. Vestis uses these non-GAAP financial measures with U.S. GAAP financial measures and other operating data to assist in the evaluation of its operating performance. Vestis believes that presentation of these measures also helps investors because the measures enable better comparisons of Vestis’ historical results and allow investors to evaluate Vestis’ performance based on the same metrics that Vestis uses to evaluate its performance and trends in its results. However, these measures have limitations as analytical tools and should not be considered in isolation or as a substitute for Vestis’ results as reported under U.S. GAAP. Specifically, you should not consider these measures as alternatives to revenue, operating income, operating expenses, operating income margin, net income (Loss), net income margin or net cash provided by operating activities determined in accordance with U.S. GAAP. These non-GAAP financial measures also should not be considered as measures of cash available to Vestis to invest in the growth of Vestis’ business or cash that will be available to Vestis to meet its obligations. Non-GAAP financial measures as presented by Vestis may not be comparable to other similarly titled measures of other companies because not all companies use identical calculations. Reconciliations of non-GAAP financial measures to the most directly comparable U.S.GAAP measures are provided in the tables at the end of this presentation. Adjusted EBITDA and Adjusted EBITDA Margin Adjusted EBITDA represents net income adjusted for provision for income taxes; interest expense, net; and depreciation and amortization (EBITDA), further adjusted for share-based compensation expense; severance; business transformation costs; separation related charges; securitization fees; loss (gain) on sale of equity investments; third party debt amendment fees; legal reserves and settlements; gains, losses, and other items impacting comparability. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Adjusted EBITDA and Adjusted EBITDA Margin are presented to provide a more meaningful comparison of Vestis’ operating performance by excluding items that management believes are not reflective of ongoing operations or that may obscure trends in the underlying business. Similar adjustments have been recorded in Adjusted EBITDA for earlier periods, and Vestis may record similar types of adjustments in future periods. Adjusted Net Income (Loss), Adjusted Basic EPS and Adjusted Diluted EPS Adjusted Net Income (Loss) represents net income (loss) adjusted to exclude items not considered indicative of Vestis’ core ongoing operations, including amortization expense, share-based compensation, severance charges, business transformation costs, separation-related charges, loss (gain) on sale of equity investments; third party debt amendment fees; legal reserves and settlements; gains, losses, and other items impacting comparability. Management believes this measure provides useful supplemental information by facilitating period-over-period comparisons of performance on a consistent basis. Adjusted Basic EPS and Adjusted Diluted EPS represent Adjusted Net Income (Loss) divided by the weighted-average number of basic and diluted shares outstanding, respectively.

©2026 Vestis. All rights reserved. 14 Non-GAAP Financial Measures, continued Free Cash Flow and Adjusted Free Cash Flow Free Cash Flow represents net cash provided by operating activities adjusted for purchases of property and equipment and other items. Free Cash Flow is presented because it reflects the cash generated from operations after capital expenditures necessary to maintain and improve operations. Free cash flow does not represent the residual cash flow available for discretionary expenditures, as there may be other nondiscretionary cash requirements not reflected in this measure. Adjusted Free Cash Flow represents Free Cash Flow adjusted for cash paid for strategic business transformation initiatives, including severance paid during the transformation period and third-party advisory fees. Net Leverage Ratio, Net Debt, Covenant Adjusted EBITDA, Trailing Twelve Months Covenant Adjusted EBITDA and Covenant Adjusted EBITDA Margin Net Leverage Ratio is defined in Vestis’ credit agreement and is calculated as consolidated total indebtedness in excess of unrestricted cash (referred to herein as “Net Debt”), divided by the Trailing Twelve Months Covenant Adjusted EBITDA. Net Debt represents total principal debt outstanding, letters of credit outstanding, and finance lease obligations, less cash and cash equivalents. Covenant Adjusted EBITDA represents Adjusted EBITDA, as further modified by certain items specifically permitted under the credit agreement to assess compliance with its financial covenants. Trailing Twelve Months Covenant Adjusted EBITDA represents Covenant Adjusted EBITDA for the preceding four fiscal quarters. Covenant Adjusted EBITDA Margin is defined as Covenant Adjusted EBITDA divided by revenue. Vestis believes that Net Leverage Ratio and its components are useful to investors because they are indicators of Vestis’ ability to meet its future financial obligations and are measures that are frequently used by investors and creditors. Operating Working Capital Operating working capital includes accounts receivable, inventory, and accounts payable. Return on Working Capital Return on working capital is calculated by dividing trailing twelve months Adjusted EBITDA with operating working capital. Cost per Pound Cost per Pound represents the cost incurred to process laundry on a per-unit basis and is calculated as Adjusted Operating Expenses, as defined below, divided by the total pounds of laundry processed during the period. Management uses Cost per Pound to assess operating efficiency by evaluating how effectively resources are utilized relative to processing volume. Adjusted Operating Expenses Adjusted Operating Expenses represent operating expenses as reported under U.S. GAAP, adjusted to exclude depreciation and amortization, covenant adjusted bad debt expense, share-based compensation expense, severance, business transformation costs, loss (gain) on sale of equity investments, separation-related charges, legal reserves and settlements, third-party debt amendment fees, and gains, losses, and other items that management believes are not indicative of ongoing operating performance. Adjusted Operating Expenses are presented solely as an input to the calculation of Cost per Pound and are not intended to be a standalone performance measure.

©2026 Vestis. All rights reserved. 15 Non-GAAP Financial Measures, continued Operating Leverage per Pound (“Operating Leverage”) Operating Leverage represents Revenue per Pound less Cost per Pound. Management uses this metric as a supplemental indicator of unit-level profitability trends. The metric helps management assess operational efficiency by evaluating how effectively resources are used relative to volume handled. Operating Leverage is not a measure of profitability calculated in accordance with U.S. GAAP. The most directly comparable U.S. GAAP measure is operating income on an aggregate basis. Investments in Capital Assets Investments in Capital Assets represents cash investments in property and equipment from the investing activities section of the Company’s Condensed Consolidated Statements of Cash Flows combined with new finance leases entered into by the Company during the same time period. Vestis believes that Investments in Capital Assets and its components are useful to investors because they are indicators of Vestis’ total in-period investments in fixed assets to support its business. Forward Looking Non-GAAP Information This presentation includes certain non-GAAP financial measures that are forward-looking in nature, including our expected outlook for fiscal 2026 Adjusted EBITDA and Free Cash Flow. The most directly comparable forward-looking U.S. GAAP measures are net income and net cash provided by operating activities, respectively. Vestis believes that a quantitative reconciliation of these forward- looking non-GAAP measures to the most directly comparable U.S. GAAP measures cannot be provided without unreasonable efforts. Such reconciliation would require assumptions regarding the timing and likelihood of future events, including acquisitions and divestitures, restructurings, asset impairments, and other items that are difficult to predict and are outside of Vestis’ control. Accordingly, the most directly comparable forward-looking U.S. GAAP measures are not provided. Actual results may differ materially from these forward-looking non-GAAP measures.

©2026 Vestis. All rights reserved. 16 Operational Metrics and Definitions In addition to the non-GAAP financial measures described above, Vestis uses certain operational metrics to evaluate business performance, monitor trends, and support internal decision-making. These operational metrics are derived using a combination of U.S. GAAP financial information and operational data and are not themselves measures defined under U.S. GAAP. Accordingly, these metrics should be considered supplemental to, and not a substitute for, financial measures prepared in accordance with U.S. GAAP. Management believes these operational metrics provide useful context for understanding changes in Vestis’ operating performance, pricing discipline, and cost efficiency. However, these metrics may not be comparable to similarly titled measures used by other companies, as definitions and calculation methodologies may differ. Business Retention We calculate retention by annualizing the average weekly revenue attributed to lost customers identification numbers for the trailing 52 weeks and dividing it by the recurring rental revenue for the same period. We calculate recurring rental revenue as base rental revenue for uniforms and workplace supplies, including service charges and the impacts of rebates and other discounts, plus recurring loss and ruin and auxiliary charges such as emblems and embroidery in addition to select consumables we determine to be recurring in nature. Our calculations are approximate and may in some cases rely on estimates which may differ from period to period. Revenue per Pound Revenue per pound represents consolidated total revenue as reported in accordance with U.S. GAAP divided by total pounds of laundry processed for the period. Revenue per Pound uses GAAP revenue and does not reflect any adjustments. Management believes this metric provides useful insight into pricing and product mix relative to processing volume. The most directly comparable GAAP measure is consolidated revenue. Pounds Processed Pounds of laundry processed represents an operational measure derived from internal systems and management estimates and may involve judgement in its determination. Management believes the methodology used is reasonable and applied consistently from period to period. Plant Productivity Plant Productivity is an operational metric that measures changes in labor efficiency within the Company’s processing facilities. Plant Productivity is calculated based on the year-over-year change in labor hours at a constant wage rate, adjusted for the impact of product mix changes. Management uses Plant Productivity to evaluate labor efficiency, operational performance and throughput trends across the Company’s plant network.

Non-GAAP Reconciliations / Adjusted EBITDA ©2026 Vestis. All rights reserved. 17 ($ in Thousands) 1) Please refer to Note 2. Transformation, Restructuring and Severance in the Company’s form 10-Q for the quarter ended April 3, 2026 2) Separation Related Charges include third-party expenses incurred in connection with the Company’s separation from Aramark on September 30, 2023, and the establishment of stand-alone public company operations. These costs primarily consist of rebranding initiatives, development of stand-alone technology infrastructure, and professional services. 3) Other includes certain costs or income items that are not individually material and do not relate to core business activities. 4) Includes a $15 million bad debt expense adjustment to EBITDA in the fiscal quarter ended March 28, 2025, an adjustment of $1.8 million for the quarter ended June 27, 2025 related to a write-off of merchandise-in service and a $3.6 million environmental reserve adjustment for the quarter ended October 3, 2025. These adjustments are solely for the purpose of determining compliance with the financial covenants in the Company’s credit agreement. Individual Fiscal Quarters Referenced Consolidated Six Months Ended April 3, March 28, April 3, March 28, April 3, October 3, October 3, 2026 2025 2026 2025 2026 2025 2025 Net Income (Loss) $ 2,596 $ (27,830) $ (3,795) $ (26,998) $ (17,020) $ (40,223) $ (13,225) Adjustments: Depreciation and Amortization 34,568 35,882 68,909 72,818 139,108 143,017 70,199 Provision (Benefit) for Income Taxes (85) (6,362) (2,253) (5,654) (682) (4,083) 1,571 Interest Expense 21,065 22,329 43,256 45,426 90,094 92,264 46,838 Share-Based Compensation 3,374 7,977 5,717 13,157 4,125 11,565 (1,592) Severance (1) 1,000 7,558 6,452 11,951 13,137 18,636 6,685 Transformation Costs (1) 9,272 — 17,083 — 17,083 — — Separation Related Charges (2) 387 3,665 1,751 8,283 7,047 13,579 5,296 Securitization Fees 2,923 3,297 5,883 6,829 12,609 13,555 6,726 (Gain) loss on disposals of property and equipment (3,046) (972) (3,311) (972) (2,829) (490) 482 Loss (Gain) on Sale of Equity Investment — — — 2,150 759 2,909 759 Third Party Debt Amendment Fees — 219 — 219 1,311 1,530 1,311 Legal Reserves and Settlements 2,680 661 5,093 2,018 5,607 2,532 514 Gains, Losses and Other (3) (187) 1,194 145 (464) 3,243 2,634 3,098 Adjusted EBITDA (Non-GAAP) $ 74,547 $ 47,618 $ 144,930 $ 128,763 $ 273,592 $ 257,425 $ 128,662 Covenant Related Adjustments (4) — 15,000 — 15,000 5,400 20,400 5,400 Covenant Adjusted EBITDA (Non-GAAP) $ 74,547 $ 62,618 $ 144,930 $ 143,763 $ 278,992 $ 277,825 $ 134,062 Revenue $ 659,437 $ 665,249 $ 1,322,825 $ 1,349,029 $ 2,708,635 $ 2,734,839 $ 1,385,810 Net Income (Loss) as a percentage of sales 0.4% (4.2%) (0.3%) (2.0%) (0.6%) (1.5%) (1.0%) Adjusted EBITDA Margin (Non-GAAP) 11.3% 7.2% 11.0% 9.5% 10.1% 9.4% 9.3% Covenant Adjusted EBITDA Margin (Non-GAAP) 11.3% 9.4% 11.0% 10.7% 10.3% 10.2% 9.7% Consolidated Consolidated Consolidated Three Months Ended Six months ended Trailing Twelve Months Ended

Non-GAAP Reconciliations / Adjusted Operating Expenses ©2026 Vestis. All rights reserved. 18 ($ in Thousands) 1) Please refer to Note 2. Transformation, Restructuring and Severance, in the Company’s Form 10-Q for the quarter ended April 3, 2026. 2) Separation Related Charges include third-party expenses incurred in connection with the Company’s separation from Aramark on September 30, 2023, and the establishment of stand-alone public company operations. These costs primarily consist of rebranding initiatives, development of stand-alone technology infrastructure, and professional services. 3) Other includes certain costs or income items that are not individually material and do not relate to core business activities. April 3, March 28, April 3, March 28, 2026 2025 2026 2025 Operating Expenses $ 632,658 $ 673,819 $ 1,279,468 $ 1,327,200 Depreciation and Amortization (34,568) (35,882) (68,909) (72,818) Covenant-adjusted bad debt expense — (15,000) — (15,000) Share-Based Compensation (3,374) (7,977) (5,717) (13,157) Severance (1) (1,000) (7,558) (6,452) (11,951) Transformation Costs (9,272) — (17,083) — (Gain) loss on disposals of property and equipment 3,046 972 3,311 972 Separation Related Charges (2) (387) (3,665) (1,751) (8,283) Legal Reserves and Settlements (2,680) (661) (5,093) (2,018) Third Party Debt — (219) — (219) Other Gain and Losses (3) 468 (1,198) 122 540 Adjusted Operating Expenses (Non-GAAP) $ 584,891 $ 602,631 $ 1,177,896 $ 1,205,266 Revenue $ 659,437 $ 665,249 $ 1,322,825 $ 1,349,029 Adjusted Operating Expense Margin 88.7% 90.6% 89.0% 89.3% Three Months Ended Year to-Date Ended

Historical Revenue & Cost per Pound ©2026 Vestis. All rights reserved. 19 $1.49 $1.45 $1.44 $1.43 $1.41 $1.37 $1.38 $1.37 $1.37 $1.37 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25* F1Q26 F2Q26 Revenue per Pound $s per pound of volume processed Cost per Pound $s per pound of volume processed $1.28 $1.27 $1.26 $1.26 $1.24 $1.24 $1.24 $1.23 $1.22 $1.22 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25* F1Q26 F2Q26 *F4Q25 is normalized to exclude the 53rd operating week of fiscal 2025 1) See next slide for non-GAAP financial measure reconciliations and information regarding operational metrics definitions and calculations

©2026 Vestis. All rights reserved. 20 Historic Revenue per Pound and Non-GAAP Reconciliations/ Cost per Pound and Operating Leverage ($ in Millions) 1) Cost per pound is calculated using Non-GAAP adjusted operating expenses (see Non-GAAP explanations and reconciliations earlier in this presentation) 2) Operating Leverage represents Revenue per Pound less Cost per Pound and is not a U.S. GAAP profitability measure * F4Q25 is normalized to exclude the 53rd operating week of fiscal 2025 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2Q25 F3Q25 F4Q25* F1Q26 F2Q26 Revenue 717.9$ 705.4$ 698.2$ 684.3$ 683.8$ 665.2$ 673.8$ 660.4$ 663.4$ 659.4$ Adjusted Operating Expenses (Non-GAAP) 619.7 618.2 611.4 603.8 602.6 602.6 608.0 596.6 593.0 584.9 Pounds Processed 482.7 484.9 484.7 479.0 486.0 486.5 489.2 483.0 484.6 480.5 Amounts per Pound (stated in Dollars) Revenue per Pound 1.49$ 1.45$ 1.44$ 1.43$ 1.41$ 1.37$ 1.38$ 1.37$ 1.37$ 1.37$ Cost per Pound (1) 1.28$ 1.27$ 1.26$ 1.26$ 1.24$ 1.24$ 1.24$ 1.23$ 1.22$ 1.22$ Operating Leverage (2) 0.21$ 0.18$ 0.18$ 0.17$ 0.17$ 0.13$ 0.14$ 0.14$ 0.15$ 0.15$ Revenue per Pound Change Y-o-Y (0.08)$ (0.08)$ (0.06)$ (0.06)$ (0.04)$ -$ Revenue per Pound % Change Y-o-Y (5)% (6)% (4)% (4)% (3)% 0 % Cost per Pound Change Y-o-Y (0.04)$ (0.03)$ (0.02)$ (0.03)$ (0.02)$ (0.02)$ Cost per Pound % Change Y-o-Y (3)% (2)% (2)% (2)% (2)% (2)% Operating Leverage Change Y-o-Y (0.04)$ (0.05)$ (0.04)$ (0.03)$ (0.02)$ 0.02$ Operating Leverage % Change Y-o-Y (19)% (28)% (22)% (18)% (12)% 15 %

Non-GAAP Reconciliations / Investments in Capital Assets ©2026 Vestis. All rights reserved. 21 ($ in Thousands) Q1 Q2 Year-to-date Q1 Q2 Year-to-date Investments in property and equipment $9,386 $12,690 $22,076 $14,732 $13,510 $28,242 New Finance Leases 5,391 11,991 17,382 12,932 9,808 22,740 Investments in Capital Assets $14,777 $24,681 $39,458 $27,664 $23,318 $50,982 Fiscal 2026 Fiscal 2025

Operational Metrics / Product Dollar Mix ©2026 Vestis. All rights reserved. 22 ($ in Thousands) (as reported) United States: Uniforms $222,721 37.2 % $233,145 38.5 % $450,382 37.5 % $478,923 39.0 % Workplace Supplies 376,187 62.8 % 372,929 61.5 % 751,427 62.5 % 748,867 61.0 % Total United States 598,908 100.0 % 606,074 100.0 % 1,201,809 100.0 % 1,227,790 100.0 % Canada: Uniforms $21,606 35.7 % $21,696 36.7 % $43,764 36.2 % $44,893 37.0 % Workplace Supplies 38,923 64.3 % 37,479 63.3 % 77,252 63.8 % 76,346 63.0 % Total Canada 60,529 100.0 % 59,175 100.0 % 121,016 100.0 % 121,239 100.0 % Consolidated: Uniforms $244,327 37.1 % $254,841 38.3 % $494,146 37.4 % $523,816 38.8 % Workplace Supplies 415,110 62.9 % 410,408 61.7 % 828,679 62.6 % 825,213 61.2 % Total Consolidated Revenue (as reported) $ 659,437 100.0 % $ 665,249 100.0 % $ 1,322,825 100.0 % $ 1,349,029 100.0 % April 3, 2026 March 28, 2025 Three months ended April 3, 2026 March 28, 2025 Year-to-date Ended

Non-GAAP Reconciliations / Free Cash Flow ©2026 Vestis. All rights reserved. 23 ($ in Millions) 1) Cash interest on bank debt plus A/R facility fees Individual Fiscal Quarters Referenced 2) Operating working capital includes accounts receivable, inventory, and accounts payable F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 Adj EBITDA $81.2 $47.6 $64.0 $64.7 $70.4 $74.5 Cash interest (1) (26.6) (23.7) (24.1) (32.2) (23.0) (21.1) Cash tax (5.6) (0.7) (14.4) (5.7) (4.4) (2.2) Impacts from operating working capital (2) (14.5) (12.3) 4.9 21.9 12.7 (0.4) Other (30.7) (4.3) (7.5) (17.7) (18.0) 7.4 Operating Cash Flow $3.8 $6.6 $22.9 $31.0 $37.7 $58.3 Capital expenditures (14.7) (13.5) (14.9) (15.4) (9.4) (12.7) Free Cash Flow (FCF) $(10.9) $(6.9) $8.0 $15.6 $28.3 $45.6 Impacts of working capital 14.5 12.3 (4.9) (21.9) (12.7) 0.4 Free Cash Flow (FCF) excluding the impacts of working capital $ 3.6 $ 5.4 $ 3.1 $ (6.3) $ 15.6 $ 45.9

Non-GAAP Reconciliations / Adjusted Free Cash Flow ©2026 Vestis. All rights reserved. 24 ($ in Thousands) Individual Fiscal Quarters Referenced April 3, 2026 March 28, 2025 April 3, 2026 March 28, 2025 Net cash provided by operating activities $ 58,251 $ 6,658 $ 95,938 $ 10,438 Purchases of property and equipment and other (12,690) (13,510) (22,076) (28,242) Free Cash Flow (Non-GAAP) $ 45,561 $ (6,852) $ 73,862 $ (17,804) Cash paid for Transformation Costs 7,205 — 16,201 — Cash paid for severance 3,862 $ — 9,488 — Adjusted Free Cash Flow (Non-GAAP) $ 56,628 $ (6,852) $ 99,551 $ (17,804) Three months ended Six Months Ended

Non-GAAP Reconciliations / Operating Working Capital and Return on Working Capital Individual Fiscal Quarters Referenced ©2026 Vestis. All rights reserved. 25 ($ in Millions) 1) Operating working capital includes accounts receivable, inventory, and accounts payable 2) Return on working capital is calculated by dividing trailing twelve months Adjusted EBITDA with operating working capital F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 Accounts Receivable $ 187.2 $ 162.4 $ 175.8 $ 162.3 $ 153.0 $ 149.5 Inventory 170.0 199.7 187.0 179.0 169.1 175.0 Accounts Payable 164.9 150.8 156.7 158.4 147.9 154.5 Operating Working Capital (1) $ 192.3 $ 211.3 $ 206.1 $ 182.9 $ 174.2 $ 170.0 Trailing Twelve Months Adjusted EBITDA $ 335.7 $ 296.1 $ 273.2 $ 257.4 $ 246.6 $ 273.6 Return on Working Capital (2) 174.6% 140.1% 132.6% 140.7% 141.6% 160.9%

Operational Metrics/Total Liquidity ©2026 Vestis. All rights reserved. 26 ($ in Millions) 1) Excess availability on the revolving credit facility represents total availability of $300 million less any borrowings on the revolving credit facility, less letters of credit outstanding ($5.8 million as of April 3, 2026). F1Q25 F2Q25 F3Q25 F4Q25 F1Q26 F2Q26 Excess availability on revolving credit facility (1) $ 294.7 $ 264.3 $ 266.3 $ 268.2 $ 275.2 $ 294.2 Cash on Hand 18.6 28.8 23.7 29.7 41.5 50.3 Total Liquidity $ 313.3 $ 293.1 $ 290.0 $ 297.9 $ 316.7 $ 344.5

Non-GAAP Reconciliations / Adjusted EPS ©2026 Vestis. All rights reserved. 27 1) Other includes certain costs or income items that are not individually material and do not relate to core business activities 2) Beginning in the second quarter of fiscal 2026, the Company calculated the tax effect of non-GAAP adjustments using the effective tax rate applicable to each respective quarterly period in which the adjustments are recognized. Year-to-date adjusted net income reflects the aggregation of each quarter’s after-tax adjustments, which management believes is consistent with the presentation of year-to-date GAAP results. Prior period amounts were adjusted to conform to the current period presentation (in thousands, except per share amounts) April 3, March 28, April 3, March 28, 2026 2025 2026 2025 Net Income (Loss) $ 2,596 $ (27,830) $ (3,795) $ (26,998) Adjustments: Amortization expense 6,693 6,568 13,386 13,333 Share-Based Compensation 3,374 7,977 5,717 13,157 Severance 1,000 7,558 6,452 11,951 Transformation Costs 9,272 — 17,083 — (Gain) loss on disposals of property and equipment (3,046) (972) (3,311) (972) Separation Related Charges 387 3,665 1,751 8,283 Third Party Debt Amendment Fees — 219 — 219 Legal Reserves and Settlements 2,680 661 5,093 2,018 Other Gains and Losses (1) (469) 1,199 (138) (541) Loss on Sale of Equity Investment — — — 2,150 Tax Impact of Reconciling Items Above (2) (673) (5,000) (7,295) (15,510) Adjusted Net Income (Loss) (Non-GAAP) $ 21,814 $ (5,955) $ 34,943 $ 7,090 Basic weighted-average shares outstanding 132,012 131,751 131,958 131,672 Diluted weighted-average shares outstanding 133,050 131,751 132,819 132,338 Basic (Loss) Earnings Per Share $ 0.02 $ (0.21) $ (0.03) $ (0.21) Diluted (Loss) Earnings Per Share $ 0.02 $ (0.21) $ (0.03) $ (0.21) Adjusted Basic (Loss) Earnings Per Share $ 0.17 $ (0.05) $ 0.26 $ 0.05 Adjusted Diluted (Loss) Earnings Per Share $ 0.16 $ (0.04) $ 0.26 $ 0.05 Consolidated Three Months Ended Year-to-date Ended Consolidated