Legrand: Unaudited Consolidated Financial Information as of September 30, 2026

LIMOGES, France--(BUSINESS WIRE)--Regulatory News:

Legrand (Paris:LR):

Consolidated statement of income...2
Consolidated balance sheet...3
Consolidated statement of cash flows...5
Notes...6

Consolidated statement of income

	9 months ended
(in € millions)	September 30, 2026	September 30, 2025
Net sales	8,329.4	6,971.4
Operating expenses
Cost of sales	(4,182.8)	(3,388.5)
Administrative and selling expenses	(2,085.0)	(1,826.6)
Research and development costs	(333.8)	(302.2)
Other operating income/(expenses)	(132.7)	(121.6)
Operating profit	1,595.0	1,332.5
Financial expenses	(158.6)	(124.2)
Financial income	52.8	55.0
Exchange gains/(losses)	(6.6)	(20.9)
Financial profit/(loss)	(112.4)	(90.1)
Profit before tax	1,482.7	1,242.4
Income tax expense	(407.3)	(348.0)
Share of profits/(losses) of equity-accounted entities	0.0	0.0
Profit for the period	1,075.3	894.4
Of which:
- Net profit attributable to the Group	1,067.0	892.3
- Minority interests	8.4	2.1
Basic earnings per share (euros)	4.076	3.405
Diluted earnings per share (euros)	4.022	3.376

Consolidated balance sheet

ASSETS

(in € millions)	September 30, 2026	December 31, 2025
Non-current assets
Intangible assets	2,946.1	2,587.3
Goodwill	8,708.4	7,629.7
Property, plant and equipment	996.5	970.9
Right-of-use assets	445.0	410.3
Investments in equity-accounted entities	0.0	0.0
Other investments	28.6	27.2
Other non-current assets	199.4	187.2
Deferred tax assets	231.4	210.8
TOTAL NON CURRENT ASSETS	13,555.4	12,023.4
Current assets
Inventories (Note 4)	1,874.4	1,466.7
Trade receivables (Note 5)	1,769.8	1,226.9
Income tax receivables	141.3	158.9
Other current assets	411.6	334.9
Other current financial assets	2.5	0.8
Cash and cash equivalents	2,295.0	2,381.2
TOTAL CURRENT ASSETS	6,494.6	5,569.4
TOTAL ASSETS	20,050.0	17,592.8

LIABILITIES

(in € millions)	September 30, 2026	December 31, 2025
Equity
Share capital (Note 6)	1,049.0	1,049.0
Retained earnings	7,401.0	7,119.7
Translation reserves	(588.5)	(874.5)
Equity attributable to equity holders of Legrand	7,861.5	7,294.2
Minority interests	44.8	39.8
TOTAL EQUITY	7,906.2	7,334.0
Non-current liabilities
Long-term provisions	203.3	177.9
Provisions for post-employment benefits	124.7	125.3
Long-term borrowings (Note 7)	6,703.0	6,059.3
Deferred tax liabilities	1,139.0	1,012.0
TOTAL NON-CURRENT LIABILITIES	8,170.0	7,374.5
Current liabilities
Trade payables	1,302.4	1,064.0
Income tax payables	132.2	55.3
Short-term provisions	175.9	162.1
Other current liabilities	1,396.2	1,058.3
Short-term borrowings (Note 7)	965.2	544.5
Other current financial liabilities	2.0	0.1
TOTAL CURRENT LIABILITIES	3,973.8	2,884.3
TOTAL EQUITY AND LIABILITIES	20,050.0	17,592.8

Consolidated statement of cash flows

	9 months ended
(in € millions)	September 30, 2026	September 30, 2025
Profit for the period	1,075.3	894.4
Adjustments for non-cash movements in assets and liabilities:
– Depreciation and impairment of tangible assets	116.5	108.3
– Amortization and impairment of intangible assets	134.0	107.9
– Amortization and impairment of capitalized development costs	21.5	15.5
– Depreciation and impairment of right-of-use assets	83.1	68.5
– Amortization of financial expenses	4.1	4.5
– Impairment of goodwill	0.0	0.0
– Changes in long-term deferred taxes	5.3	4.9
– Changes in other non-current assets and liabilities	48.6	36.9
– Unrealized exchange (gains)/losses	6.3	(1.3)
– Share of (profits)/losses of equity-accounted entities	0.0	0.0
– Other adjustments	19.0	14.1
– Net (gains)/losses on sales of activities and assets	(0.1)	2.1
Changes in working capital requirement:
– Inventories (Note 4)	(315.6)	(214.7)
– Trade receivables (Note 5)	(458.9)	(180.6)
– Trade payables	193.0	43.2
– Other operating assets and liabilities	220.1	97.1
Net cash from operating activities	1,152.3	1,000.8
– Net proceeds on asset disposals	4.0	2.1
– Capital expenditure	(128.6)	(113.0)
– Capitalized development costs	(18.2)	(18.9)
– Changes in non-current financial assets and liabilities	(2.4)	(42.7)
– Acquisitions and disposals of subsidiaries, net of cash	(1,048.7)	(121.2)
Net cash from investing activities	(1,194.0)	(293.7)
– Proceeds from issues of share capital and premium (Note 6)	0.0	0.0
– Net sales/(buybacks) of treasury shares and transactions under the liquidity contract (Note 6)	(6.6)	(43.6)
– Dividends paid to equity holders of Legrand	(622.7)	(575.7)
– Dividends paid by Legrand subsidiaries	(0.1)	(0.2)
– Proceeds from long-term financing	650.3	1,300.0
– Repayment of long-term financing* (Note 7)	(81.0)	(73.3)
– Debt issuance costs	0.0	(15.7)
– Increase/(reduction) in short-term financing	(1.7)	(328.6)
– Acquisitions of ownership interests with no gain of control	(11.9)	0.0
Net cash from financing activities	(73.6)	262.9
Translation net change in cash and cash equivalents	29.1	(58.4)
Increase/(decrease) in cash and cash equivalents	(86.2)	911.6
Cash and cash equivalents at the beginning of the period	2,381.2	2,080.7
Cash and cash equivalents at the end of the period	2,295.0	2,992.3
Items included in cash flows:
– Interest paid during the period**	109.6	88.4
– Income taxes paid during the period	309.4	298.0

* Of which €77.1 million corresponding to lease financial liabilities repayment for the 9 months ended September 30, 2026 (€64.8 million for the 9 months ended September 30, 2025).

** Interest paid is included in the net cash from operating activities; of which €14.9 million interest on lease financial liabilities for the 9 months ended September 30, 2026 (€11.5 million for the 9 months ended September 30, 2025).

KEY FIGURES...7
NOTE 1 - INTRODUCTION...8
NOTE 2 - SIGNIFICANT TRANSACTIONS AND EVENTS FOR THE PERIOD...8
NOTE 3 - CHANGES IN THE SCOPE OF CONSOLIDATION...8
NOTE 4 - INVENTORIES...10
NOTE 5 - TRADE RECEIVABLES...10
NOTE 6 - SHARE CAPITAL...10
NOTE 7 - LONG-TERM AND SHORT-TERM BORROWINGS...11
NOTE 8 - SEGMENT INFORMATION...12
NOTE 9 - SUBSEQUENT EVENTS...13

KEY FIGURES

(in € millions)	9 months ended September 30, 2026	9 months ended September 30, 2025
Net sales	8,329.4	6,971.4
Adjusted operating profit	1,732.0	1,443.8
As % of net sales	20.8%	20.7%
	20.9% before acquisitions ⁽¹⁾
Operating profit	1,595.0	1,332.5
As % of net sales	19.1%	19.1%
Net profit attributable to the Group	1,067.0	892.3
As % of net sales	12.8%	12.8%
Free cash flow	1,009.5	871.0
As % of net sales	12.1%	12.5%
Net financial debt at September 30	5,373.2	3,121.7
(1) At 2025 scope of consolidation.

Adjusted operating profit is defined as operating profit adjusted for amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, and, where applicable, impairment of goodwill.

Free cash flow is defined as the sum of net cash from operating activities and net proceeds on asset disposals, less capital expenditure and capitalized development costs.

Net financial debt is defined as the sum of short-term borrowings and long-term borrowings, less cash and cash equivalents and marketable securities.

The reconciliation of consolidated key figures with the financial statements is available in the appendices to the first nine months 2026 results press release.

NOTE 1 - INTRODUCTION

This unaudited consolidated financial information is presented for the 9 months ended September 30, 2026. It does not include all the information required by International Financial Reporting Standards (IFRS) and it should be read in conjunction with consolidated financial statements for the year ended December 31, 2025, as presented in the Universal Registration Document deposited under number D.26-0231 with the French Financial Markets Authority (AMF) on April 8, 2026.

All the amounts are presented in millions of euros, to one decimal place, unless otherwise indicated. Some totals may include rounding differences.

The unaudited consolidated financial information has been prepared in accordance with the International Financial Reporting Standards (IFRS) and International Financial Reporting Interpretations Committee (IFRIC) interpretations adopted by the European Union and applicable or authorized for early adoption from January 1, 2026.

The IFRS standards issued by the International Accounting Standards Board (IASB) that have not been adopted for use in the European Union are not applicable to the Group.

NOTE 2 - SIGNIFICANT TRANSACTIONS AND EVENTS FOR THE PERIOD

None.

NOTE 3 - CHANGES IN THE SCOPE OF CONSOLIDATION

The contributions to the Group’s consolidated accounts of companies acquired since the end of 2024 were as follows:

2025	March 31	June 30	September 30	December 31
Full consolidation method
APP	Balance sheet only	6 months' profit	9 months' profit	12 months' profit
Power Bus Way	Balance sheet only	6 months' profit	9 months' profit	12 months' profit
Performation	Balance sheet only	Balance sheet only	Balance sheet only	11 months' profit
Computer Room Solutions	Balance sheet only	Balance sheet only	Balance sheet only	9 months' profit
Linkk Busway Systems			Balance sheet only	6 months' profit
Amperio Project			Balance sheet only	Balance sheet only
Quitérios			Balance sheet only	5 months' profit
Cogelec				Balance sheet only
Avtron Power Solutions				2 months' profit

2026	March 31	June 30	September 30
Full consolidation method
APP	3 months' profit	6 months' profit	9 months' profit
Power Bus Way	3 months' profit	6 months' profit	9 months' profit
Performation	3 months' profit	6 months' profit	9 months' profit
Computer Room Solutions	3 months' profit	6 months' profit	9 months' profit
Linkk Busway Systems	3 months' profit	6 months' profit	9 months' profit
Amperio Project	3 months' profit	6 months' profit	9 months' profit
Quitérios	3 months' profit	6 months' profit	9 months' profit
Cogelec	Balance sheet only	6 months' profit	9 months' profit
Avtron Power Solutions	3 months' profit	6 months' profit	9 months' profit
Green4T	Balance sheet only	Balance sheet only	9 months' profit
Kratos Industries	Balance sheet only	5 months' profit	8 months' profit
TES	Balance sheet only	Balance sheet only	Balance sheet only
Keydak		Balance sheet only	6 months' profit
SRS Power Engineering		Balance sheet only	Balance sheet only
Girtz Industries		Balance sheet only	Balance sheet only
Axel Health			Balance sheet only

During the first nine months of 2026, the Group continued to pursue its value-creating strategy of targeted acquisitions. The Group’s acquisition policy is highly disciplined, which ensures that a reasonable price is paid. In some cases, the Group agrees to earn-outs based on future performance. This is the case, for example, for Girtz Industries and Kratos Industries.

The following acquisitions were completed by the Group:

• Green4T, a Brazilian specialist in the installation, maintenance and operation of technical infrastructure for datacenters. Based in São Paulo, Green4T employs nearly 750 people and generates annual sales of around €45 million;

• Kratos Industries, a U.S. specialist in low- and medium-voltage power distribution systems. Based in Denver, Colorado, in the United States, Kratos Industries employs nearly 325 people and generates annual sales of around $100 million;

• TES, a European specialist in power distribution systems. Based in Cookstown, United Kingdom, the company employs 280 people and generates close to €85 million in annual revenue;

• Keydak, a leading Chinese rack manufacturer based in Guangzhou. The company employs more than 330 people and generates annual revenue of approximately €60 million;

• SRS Power Engineering in Malaysia, a specialist in low- and medium-voltage power protection solutions, primarily serving datacenters and industrial applications. Based in Selangor, the company employs more than 280 people and generates annual revenue of around €90 million;

• Girtz Industries, a U.S. specialist in the design of highly customized modular power integration solutions (Power Pods), as well as testing and technical services. Based in Monticello, Indiana, the company employs around 300 people and generates annual revenue of nearly $80 million; and

• Axel Health, a Finnish leading software provider in connected health for patient flow management solutions. Headquartered in Espoo, Finland, the company employs around 50 people and generates annual revenue of approximately €10 million.

NOTE 4 - INVENTORIES

Inventories are as follows:

(in € millions)	September 30, 2026	December 31, 2025
Purchased raw materials and components	874.8	686.9
Sub-assemblies, work in progress	337.3	246.4
Finished products	969.9	801.4
Gross value at the end of the period	2,182.1	1,734.7
Impairment	(307.7)	(268.0)
NET VALUE AT THE END OF THE PERIOD	1,874.4	1,466.7

NOTE 5 - TRADE RECEIVABLES

Trade receivables are as follows:

(in € millions)	September 30, 2026	December 31, 2025
Trade receivables	1,903.1	1,329.4
Impairment	(133.3)	(102.5)
NET VALUE AT THE END OF THE PERIOD	1,769.8	1,226.9

NOTE 6 - SHARE CAPITAL

Share capital as of September 30, 2026, amounted to €1,048,982,932 represented by 262,245,733 ordinary shares with a par value of €4 each, for 262,245,733 theoretical voting rights and 262,092,401 exercisable voting rights (after subtracting shares held in treasury by the Group as of this date).

Changes in share capital in the first 9 months of 2026 were as follows:

	Number of shares	Par value	Share capital (euros)	Premiums (euros)
As of December 31, 2025	262,245,733	4	1,048,982,932	110,351,249
As of September 30, 2026	262,245,733	4	1,048,982,932	110,351,249

As of September 30, 2026, the Group held 153,332 shares in treasury, versus 612,474 as of December 31, 2025, i.e. a decrease of 459,142 shares, corresponding to:

• the net acquisition of 250,000 shares outside of the liquidity contract mainly for transfer under performance share plans and employee share ownership plans;

• the transfer of 508,591 shares to employees under performance share plans;

• the transfer of 229,999 shares to employees following the launch of an international employee share ownership plan;

• the net purchase of 29,448 shares under the liquidity contract.

These transactions led to:

• a cash outflow of €3.6 million under share buybacks, net of disposals;

• a cash outflow of €3.0 million under the liquidity contract.

	Number of shares	of which number of shares held by the Group
As of December 31, 2025	262,245,733	612,474
Transfer to employees		(738,590)
Share buybacks		250,000
Transactions under the liquidity contract		29,448
Shares cancellation		0
As of September 30, 2026	262,245,733	153,332
of which for transfer to employees		60,034
of which liquidity contract		93,298
of which for shares cancellation		0

NOTE 7 - LONG-TERM AND SHORT-TERM BORROWINGS

7.1 LONG-TERM BORROWINGS

Long-term borrowings can be analyzed as follows:

(in € millions)	September 30, 2026	December 31, 2025
Negotiable commercial paper	525.0	321.5
Bonds	5,044.0	5,034.5
Lease financial liabilities	372.7	344.5
Other	792.1	393.8
Long-term borrowings excluding debt issuance costs	6,733.9	6,094.3
Debt issuance costs	(30.9)	(35.0)
TOTAL	6,703.0	6,059.3

7.2 SHORT-TERM BORROWINGS

Short-term borrowings can be analyzed as follows:

(in € millions)	September 30, 2026	December 31, 2025
Negotiable commercial paper	461.5	0.0
Bonds	0.0	400.0
Lease financial liabilities	100.2	89.1
Other	403.4	55.4
TOTAL	965.2	544.5

NOTE 8 - SEGMENT INFORMATION

In accordance with IFRS 8, operating segments are determined based on the reporting made available to the chief operating decision maker of the Group and to the Group's management.

Given that Legrand’s activities are carried out locally, the Group is organized for management purposes by countries or groups of countries which have been allocated for internal reporting purposes into three operating segments:

• Europe, mainly including Benelux, France, Germany, Iberia (Portugal and Spain), Ireland, Italy, Poland, Scandinavia, Turkey, and the United Kingdom;

• North and Central America, including Canada, Mexico, the United States, and Central American countries; and

• Rest of the World, including Australia, China, India, Malaysia and South America (in particular Brazil, Chile and Colombia).

These three operating segments are under the responsibility of three segment managers who are directly accountable to the chief operating decision maker of the Group.

9 months ended September 30, 2026
(in € millions)	Europe	North and Central America	Rest of the World	Total
Net sales to third parties	2,996.4	3,949.9	1,383.1	8,329.4
Cost of sales	(1,360.2)	(2,003.7)	(819.0)	(4,182.8)
Administrative and selling expenses, R&D costs	(1,006.7)	(1,081.5)	(330.6)	(2,418.8)
Other operating income/(expenses)	(83.6)	(44.0)	(5.2)	(132.7)
Operating profit	545.9	820.8	228.3	1,595.0
- of which acquisition-related amortization, expenses and income
· accounted for in administrative and selling expenses, R&D costs	(37.4)	(90.9)	(8.7)	(137.0)
· accounted for in other operating income/ (expenses)	0.0	0.0	0.0	0.0
- of which goodwill impairment	0.0	0.0	0.0	0.0
Adjusted operating profit	583.5	911.7	237.0	1,732.0
- of which depreciation and impairment of tangible assets	(68.7)	(22.2)	(25.1)	(116.0)
- of which amortization and impairment of intangible assets	(12.2)	(0.8)	(1.5)	(14.5)
- of which amortization and impairment of development costs	(20.2)	0.0	(1.3)	(21.5)
- of which amortization and impairment of right-of-use assets	(31.5)	(30.7)	(20.9)	(83.1)
- of which restructuring costs	(27.8)	(11.1)	(4.4)	(43.4)
Capital expenditure	(70.5)	(31.7)	(26.4)	(128.6)
Capitalized development costs	(16.2)	0.0	(2.0)	(18.2)
Net tangible assets	602.5	209.4	184.7	996.5
Total current assets	3,011.3	2,239.0	1,244.3	6,494.6
Total current liabilities	1,938.2	1,373.1	662.6	3,973.8

9 months ended September 30, 2025
(in € millions)	Europe	North and Central America	Rest of the World	Total
Net sales to third parties	2,811.8	3,008.8	1,150.8	6,971.4
Cost of sales	(1,278.8)	(1,471.3)	(638.4)	(3,388.5)
Administrative and selling expenses, R&D costs	(909.7)	(915.6)	(303.5)	(2,128.8)
Other operating income/(expenses)	(55.2)	(45.9)	(20.5)	(121.6)
Operating profit	568.1	576.0	188.4	1,332.5
- of which acquisition-related amortization, expenses and income
· accounted for in administrative and selling expenses, R&D costs	(37.7)	(65.8)	(7.8)	(111.3)
· accounted for in other operating income/ (expenses)	0.0	0.0	0.0	0.0
- of which goodwill impairment	0.0	0.0	0.0	0.0
Adjusted operating profit	605.8	641.8	196.2	1,443.8
- of which depreciation and impairment of tangible assets	(67.2)	(19.1)	(21.6)	(107.9)
- of which amortization and impairment of intangible assets	(12.0)	(1.1)	(1.7)	(14.8)
- of which amortization and impairment of development costs	(14.4)	0.0	(1.1)	(15.5)
- of which amortization and impairment of right-of-use assets	(26.7)	(24.2)	(17.6)	(68.5)
- of which restructuring costs	(28.7)	(10.0)	(13.2)	(51.9)
Capital expenditure	(64.1)	(24.6)	(24.3)	(113.0)
Capitalized development costs	(17.2)	0.0	(1.7)	(18.9)
Net tangible assets	566.1	164.4	155.2	885.7
Total current assets	3,802.2	1,463.3	909.9	6,175.4
Total current liabilities	1,632.2	682.0	473.5	2,787.7

NOTE 9 - SUBSEQUENT EVENTS

None.