In the course of the Company’s ordinary business activities, the Company enters into related party transactions with its shareholders and key management personnel.

Key management personnel for the periods presented consisted of our Chief Executive Officer, Chief Financial Officer, Chief Communications Officer, Chief Legal Officer, Chief Product Officer, Chief Sales Officer, the former Chief Technical Operations Officer (for the comparative period), President EMEA, President Americas and the board of directors.

Key management compensation is comprised of the following:


	Three months ended March 31,				Six months ended March 31,
	2026		2025		2026		2025
Short-term employee benefits		5,048		5,207		10,448		9,490
Long-term employee benefits		—		113		—		224
Post-employment benefits		185		203		489		442
Termination benefits		—		476		—		476
Share-based compensation		110		122		220		243
Total		5,343		6,121		11,157		10,875

During the three months ended March 31, 2026 and 2025, director compensation amounted to €0.1 million and €0.2 million during the six months ended March 31, 2026 and 2025. Additionally, certain non-employee directors are granted restricted share units ("RSUs") annually with a total grant date value of €0.3 million. During the three months ended March 31, 2026 and 2025, the Company incurred €0.1 million in RSU related expenses and €0.2 million during the six months ended March 31, 2026 and 2025.

The Company maintains a long-term business relationship related to the production of advertising content with a model agency owned by a family member of our Chief Executive Officer. During each of the three and six months ended March 31, 2026 and 2025, the Company incurred less than €0.1 million in marketing expenses.

The Company leased administrative buildings from Ockenfels Group GmbH & Co. KG (“Ockenfels”), an entity managed by our Chief Executive Officer and controlled by AB-Beteiligungs GmbH and CB Beteiligungs GmbH & Co. KG, (collectively, the "Predecessor Shareholders"). The lease liability amounted to €2.7 million and €0.9 million as of March 31, 2026 and September 30, 2025, respectively. The corresponding right-of-use assets amounted to €0.6 million and €0.8 million as of March 31, 2026 and September 30, 2025, respectively. Additionally, as of March 31, 2026 and September 30, 2025, the Company also had payables due to Ockenfels in the amount of €1.8 million (Other financial liabilities - current), relating to taxes from activities prior to the Transaction, which was received on behalf of the Predecessor Shareholders.

As of March 31, 2026 and September 30, 2025, the Company had outstanding receivables of €9.8 million (Other current assets) due from Ockenfels, predominantly relating to trade and value added taxes in connection with the Transaction in 2021 and to be reimbursed by Ockenfels in accordance with the agreements governing the Transaction.

Transactions with other related parties primarily consisted of consulting fees for management services provided by and expenses reimbursed to L Catterton Management Company LLC and other entities affiliated with L Catterton. The Company incurred less than €0.1 million in expenses during each of the three and six months ended March 31, 2026 and 2025.

The Company recognized €0.2 million and €0.3 million in sales from LVMH affiliated entities during each of the three and six months ended March 31, 2026, respectively. During the three and six months ended March 31, 2025, the Company recognized €0.3 million and €0.4 million in sales from LVMH affiliated entities, respectively. The Company and LVMH are related as a director of the Company is also a director of LVMH.

As of March 31, 2026, the Company has a lease liability of €1.0 million owed to CB Beteiligungs GmbH & Co. KG and €0.8 million as of September 30, 2025. The corresponding right-of-use asset amounted to €1.0 million and €0.7 million as of March 31, 2026 and September 30, 2025, respectively.

During the three and six months ended March 31, 2026, the Company entered into leases with Value Retail Limited affiliated entities and made lease payments in the amount of €0.5 million and €0.6 million, respectively. As of March 31, 2026, the lease liability amounted to €7.1 million. The corresponding right-of-use assets amounted to €6.9 million as of March 31, 2026. The Company and Value Retail Limited are related as directors of the Company are also directors of Value Retail Limited.

As described in Note 10 - Equity, the Company repurchased 3,927,344 ordinary shares from MidCo for €176.4 million during the year ended September 30, 2025.

As described in Note 13 - Tax Receivable Agreement, in October 2023 the Company entered into the TRA with the pre-IPO shareholder MidCo. The outstanding balance of the TRA liability (current and non-current portion) as of March 31, 2026 was €355.1

million and €356.8 million as of September 30, 2025. During the three and six months ended March 31, 2026, USD $17.3 million (€14.6 million) of the USD tranche was paid to MidCo. No payments were made during the three and six months ended March 31, 2025.