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H & M Hennes & Mauritz AB Full-year report 2025

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Fourth quarter (1 September 2025 — 30 November 2025)

· Sales in local currencies increased by 2 percent in the fourth quarter, with 4 percent fewer stores at the end of the quarter compared with the same point in time last year. Converted into SEK, net sales amounted to SEK 59,221 m (62,193). Net sales in SEK were negatively affected by a currency translation effect of around 7 percentage points due to the strengthened Swedish krona.
· Gross profit amounted to SEK 33,084 m (33,942), which corresponds to a gross margin of 55.9 percent (54.6).
· Selling and administrative expenses

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Buybacks of shares by H&M during week 4, 2026. The share buyback programme is now complete and has been closed.

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Between 19 January 2026 and 23 January 2026 H & M Hennes & Mauritz AB (publ) (LEI code 529900O5RR7R39FRDM42) has repurchased in total 725,154 of the company’s own class B shares (ISIN: SE0000106270) as part of the share buyback programme initiated by the board of directors. Shares with a total value of SEK 999,999,858.08 have now been repurchased, and as a result the programme is being closed.

The share buybacks in week 4 form part of the SEK 1 billion share buyback programme that H&M announced on 21 November 2025, the purpose of which is to distribute surplus liquidity and thereby