REXEL INTERIM

REXEL: First Half 2026 Financial Report

Financial report First half 2026 Société Anonyme (corporation) with share capital of € 1,484,986,270 Registered office: 13 boulevard du Fort de Vaux - CS 60002 75017 PARIS - France 479 973 513 R.C.S. Paris FIRST HALF 2026 FINANCIAL REPORT I. Group's results ........................................................................................................................ 3 II. Consolidated financial statements ....................................................................................... 24 III. Statutory auditors' report ...................................................................................................... 50 IV. Responsibility statement ....................................................................................................... 54 This document is a free translation from French to English of Rexel’s original financial information for the year ended June 30, 2026 and is provided solely for the convenience of English speaking readers. In the event of any ambiguity or discrepancy between this unofficial translation and the original financial information for the year ended June 30, 2026, the French version will prevail. 2 I. Interim Management report 3 TABLE OF CONTENTS 1. | OPERATING AND FINANCIAL REVIEW AND PROSPECTS ............................................................................................................... 5 1.1 | FINANCIAL POSITION OF THE GROUP ....................................................................................................................................... 5 1.1.1 | Group Overview ........................................................................................................................................................................ 5 1.1.2 | Seasonality ................................................................................................................................................................................ 6 1.1.3 | Impact of changes in copper price ......................................................................................................................................... 6 1.1.4 | Comparability of the Group's operating results and current adjusted EBITA .................................................................. 6 1.2 | COMPARISON O