Planethic Group AG: (formerly Veganz Group) with €25.3 Million EBITDA in H1/2025, 52.6% Equity Ratio and Comprehensive Reorganisation

Ludwigsfelde (pta009/25.09.2025/09:00 UTC+2)

Ludwigsfelde, 25th September 2025 - Planethic Group AG (formerly Veganz Group AG) ('Company' or 'Planethic') (ISIN: DE000A3E5ED2 / WKN: A3E5ED / Symbol: VEZ) recorded EBITDA of €25.3 million in the first half of 2025 due to one-off income from the sale of its subsidiary OrbiFarm. The purchase price for OrbiFarm, amounting to €30 million, will be paid in several instalments by the end of 2028, as agreed. In addition, Planethic will continue to participate substantially in OrbiFarm's success thanks to a 25% exit and profit share.

The company's equity ratio rose to 52.6% as of 30 June 2025 (previous year: 5.2%).

Adjusted EBITDA was € -4.3 million (previous year: € -3.7 million), as the reported net income for the period did not yet include the effects of the reduction in liabilities agreed with creditors. Planethic Group AG expects a corresponding reduction in net income in a later period.

In line with the strategic realignment, revenue as part of the planned transformation to reposition the traditional trading business amounted to €2.0 million (previous year: €7.0 million).

Following the acquisition of Suplabs GmbH, Veganz's product portfolio will be transferred to this new subsidiary, which will focus on e-commerce and be able to implement product concepts agilely on the market within Gen Z. At the same time, the Veganz brand will be strategically transformed into a modern brand for healthy food supplements. New products are already in development.

Thanks mainly to the optimisation of the product portfolio and despite significant inflation-related price increases in purchasing, the gross profit margin remained stable at 36.1% (previous year: 36.1%).

In the first half of 2025, the Company focused primarily on its transformation into a FoodTech holding company with several investments and a House of Brands comprising of the brands Veganz, Happy Cheeze, Mililk®, Heal and Peas on Earth.

For Mililk® - an innovative 2D printing technology for the efficient and sustainable production of milk, milk alternatives, juices, smoothies and soups - partnerships were successfully concluded with Jindilli Beverages for a sales launch in North America and the ANZ region, and with Lassonde for a research and development project focusing on juices, smoothies and functional beverages. The short-term Mililk® product pipeline includes the oat milk barista variant in 1L format, the organic almond barista variant and protein sheets.

The cheese alternatives from the Happy Cheeze division, including the new product 'Der Blaue' (The Blue), were successfully placed with Dennree and other organic retailers. The search for strategic partners for this division has begun.

The relaunch of the pea-based meat alternatives under the Peas on Earth brand and further marketing activities are planned for the second half of 2025.

Germany remains the most important sales market

With a 95.1 per cent share of sales, the DACH region (Germany, Austria, Switzerland) remained the most important sales market in the first half of 2025 (previous year: 94.5 per cent).

Cost-cutting measures are having an effect

Thanks to continuous efficiency improvements in all areas of the company, personnel expenses fell by €428 thousand to €1,908 thousand compared to the previous year (previous year: €2,336 thousand). On 30 June 2025, the company employed 74.2 FTEs (full-time equivalents), 17 fewer than on 30 June 2024. Staff adjustments were made at all locations and in all areas of the company.

Depreciation and amortisation amounted to €777 thousand (previous year: €764 thousand).

Other operating expenses fell by 23% to €3,410 thousand (previous year: €4,410 thousand). The savings mainly related to marketing and other direct costs, such as logistics, driven by lower sales. Planethic Group AG expects a further agreed reduction in liabilities in the area of marketing and direct costs to result in a corresponding reduction in expenses in a later period. Only indirect costs associated with the bond extension project increased by €346 thousand.

Transformation expected to be completed by the end of the year

The spin-offs into subsidiaries will result in a change in reporting at the end of 2025. The affiliated companies created at that time will be consolidated and included in the consolidated financial statements.

Expected earnings situation

The operating earnings situation has declined significantly due to the preparations for the transformation and the sale of inventories. In future, sales revenues will shift to the respective subsidiaries.

Outlook

In the first half of 2025, the equity base was significantly strengthened by the sale of OrbiFarm and other capital measures totalling around €38.44 million, giving Planethic sufficient financial buffers to rapidly implement investments and growth measures. This solid capital structure reduces financing risks and creates scope for acquisitions, R&D and scaling.

The restructuring into a holding company (Planethic) and the division of Mililk, Happy Cheeze, Peas on Earth and Veganz into independent subsidiaries has resulted in a transparent structure. This allows the business segments to grow agilely, partnerships to be negotiated individually and capital to be deployed in a targeted manner. Cross-synergies, for example through technology, purchasing or marketing assets, are retained, while each subsidiary can serve its own market focus.

Thanks to the acquisition of IP Innovation Partners Technology GmbH, Planethic will in future be able to control all developments of machines for the 2D production of beverages, soups and functional foods internally. This not only secures know-how and patent rights but also enables higher margins through licensing and series production. This vertical integration offers considerable upside potential for the future.

With the acquisition of Suplabs GmbH, Planethic is significantly strengthening its expertise in the D2C (direct-to-consumer) sector. Suplabs brings proven subscription models for dietary supplements, experience in online marketing and an established customer base to the table. The merger of Veganz with Suplabs promotes cross-selling potential and opens up access to younger, health-conscious target groups (e.g. Gen Z).

The announced appointment of Rayan Tegtmeier, an experienced finance and growth manager, as the new CEO signals a clear step towards professionalism, capital market expertise and strategic scaling. He brings proven experience in buy-and-build strategies, international structuring and performance optimisation - exactly the right profile to accelerate the transformation into a technology-driven investment holding company.

In the coming years, Mililk® is likely to become Planethic's main growth driver. Over the next 18 months, demand for Mililk® is expected to reach 280 million litres from customers in North America, Africa and Asia. This figure could rise even further through licensing partnerships and international expansion. Based on the planned market launches and ten new production sites around the world, very strong sales growth in this segment is realistic as early as 2026.

Thanks to 2D printing technology and a lean value chain, Planethic is aiming for EBITDA margins of 30%+ for Mililk®. Each new production facility significantly increases capacity while reducing unit costs, which in turn represents a margin lever. The first international licensing partners could contribute additional tens of millions as early as 2026.

A potential IPO of Mililk Food Tech on the NASDAQ in the second half of 2026 is currently being considered. This would give Mililk international visibility as an independent 'food tech growth asset'.

US investors love growth stories with a focus on technology and a scalable D2C component - exactly the profile that Mililk embodies. A NASDAQ IPO would open up additional upside for Planethic Group AG shareholders, as they would participate in the value leverage of the subsidiary.

While Planethic remains diversified as a holding company, Mililk could be traded on the capital market as a pure play with a significant valuation premium. A pre-IPO financing round is currently being conducted at Mililk on a valuation basis of €80 million.

About Planethic Group AG (formerly Veganz Group AG)

Founded in Berlin in 2011, Planethic Group AG is a FoodTech investment holding focused on profitable growth, technological innovation and sustainable international expansion.

Under the Happy Cheeze, Mililk®, Peas on Earth and Veganz brands, the company has developed innovative plant-based foods. Its extensive range of sweets, snacks and alternatives to milk, cheese and meat is sold across the D-A-CH region via online, retail and wholesale partners, including Edeka, Rewe, Spar International, Rossmann, dm Germany and Transgourmet.

In addition, Planethic Group holds investments in IP Innovation Partners Technology GmbH (IP portfolio) and Suplabs GmbH (food supplements) as well as a profit share in OrbiFarm GmbH.

Contact Planethic:

Karsten Busche

IR Consultant

Telephone: +49 (0) 30 2936378 0

Email: ir@planethic.de

Website: www.planethic.de

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