Apollo Group`s interim condensed consolidated financial statements for the 3 months of 2026/2027 (unaudited)

Key Developments

During the first three months of the 2026/2027 financial year, the economic environment across the Group’s operating markets remained mixed and generally challenging, particularly in Estonia and Finland. Consumer confidence remained subdued and unemployment elevated, continuing to constrain household spending. At the same time, moderating inflation and gradual growth in real incomes provided some early signs of improvement in consumer purchasing power, although the recovery in consumption remained modest. The Baltic markets showed somewhat more resilient economic dynamics, while the recovery in Finland remained slower. Despite the challenging environment, the Group continues to view the current market conditions as an attractive opportunity to expand its operations, gain market share and further strengthen its leading positions across its operating markets. Following key actions were taken during the reporting period: