The Company’s operating segments are reported in a manner consistent with the internal reporting provided to and regularly reviewed by the chief operating decision maker (“CODM”), the Chief Executive Officer (“CEO”), and are aligned to the geographical hubs that the Company operates in: Americas; Europe, Middle East, and Africa (“EMEA”); and Asia Pacific ("APAC").

Additionally, the Company has Corporate / Other revenue and expenses, which primarily consists of non-core activities and other administrative costs that are not charged to the operating segments. The CODM uses the measure of adjusted EBITDA to assess operating segments’ performance to make decisions regarding the allocation of resources.

The adjustments to EBITDA relate to foreign exchange gains and losses, secondary offering-related costs, and non-recurring acquisition-related expenses.

As a result of the July 2024 IFRS Interpretations Committee (“IFRIC”) agenda decision that clarified certain IFRS 8 – Operating Segments disclosure requirements, the Company has additionally disclosed Cost of sales by segment starting with the year ended September 30, 2025. The segment information for the three and nine months ended June 30, 2025 has been conformed to the current period presentation.

Assets and liabilities are neither reported nor reviewed by the CODM at the operating segment level.


	Three months ended June 30, 2026

	Americas	EMEA	APAC	Total Reportable Segments
Revenue1	347,434	297,217	74,745	719,396
Cost of sales	(153,865)	(109,008)	(31,745)	(294,618)
Reportable Segments Adjusted EBITDA	113,610	119,209	20,129	252,948
Corporate/Other Adjusted EBITDA				(10,458)
Foreign exchange loss				(3,520)
Acquisition-related:
Distributor mark-up reversal2				(1,318)
EBITDA				237,652
Depreciation and amortization				(34,601)
Finance cost, net				(43,009)
Profit before tax				160,042


	Three months ended June 30, 2025

	Americas	EMEA	APAC	Total Reportable Segments
Revenue1	312,266	258,603	63,178	634,047
Cost of sales	(126,144)	(96,739)	(27,938)	(250,821)
Reportable Segments Adjusted EBITDA	109,459	97,565	20,184	227,208
Corporate/Other Adjusted EBITDA				(8,938)
Foreign exchange gain				9,507
Secondary offering-related costs				(1,546)
EBITDA				226,231
Depreciation and amortization				(28,250)
Finance cost, net				(18,302)
Profit before tax				179,679


	Nine months ended June 30, 2026

	Americas	EMEA	APAC	Total Reportable Segments
Revenue1	893,567	651,566	193,624	1,738,757
Cost of sales	(409,492)	(255,553)	(92,287)	(757,332)
Reportable Segments Adjusted EBITDA	281,278	239,484	57,253	578,015
Corporate/Other Adjusted EBITDA				(30,795)
Foreign exchange loss				(13,711)
Acquisition-related:
Gain from bargain purchase				12,291
Distributor mark-up reversal2				(12,239)
Transaction costs				(185)
EBITDA				533,376
Depreciation and amortization				(96,568)
Finance cost, net				(85,963)
Profit before tax				350,845


	Nine months ended June 30, 2025

	Americas	EMEA	APAC	Total Reportable Segments
Revenue1	835,490	574,207	158,101	1,567,798
Cost of sales	(342,260)	(226,180)	(67,116)	(635,556)
Reportable Segments Adjusted EBITDA	288,710	205,413	51,693	545,816
Corporate/Other Adjusted EBITDA				(25,388)
Foreign exchange gain				206
Secondary offering-related costs				(1,546)
EBITDA				519,088
Depreciation and amortization				(81,754)
Finance cost, net				(68,692)
Profit before tax				368,642

1The remainder of the Company's revenue relates to "Other", the Company's non-core activities. See Note 15 – Revenue from contracts with customers.

2Represents the distributor mark-up applied to inventories sold by the Company to Birkenstock Australia Pty. Ltd. prior to acquisition and the subsequent impact on Cost of sales as such inventory is sold by Birkenstock Australia Pty. Ltd. to third-party customers post-acquisition. See Note 6 – Business combination.