INITIAL PUBLIC OFFERING ON
Euronext Growth® Paris
eligibilite (1)

N4 GROUP, a leading player in fitness, sports nutrition, health and wellness

Stéphane VISCUSO,
Founder, Chairman and Chief Executive Officer

It is with great pride and determination that we are taking a first key step today in N4 GROUP’s proposed initial public offering on Euronext Growth® Paris. Since founding FitnessBoutique in Voiron in 1999, we have gradually built our Group around a simple conviction: to make fitness, sports nutrition, health and wellness more accessible, more effective and more appealing. What began as an entrepreneurial idea has grown over more than 25 years into an integrated, profitable and well-structured family group with expertise spanning product innovation, formulation, marketing and omnichannel distribution. Through N4 Labs, our industrial facility, we now also control a significant share of our production.

Today, N4 GROUP has strong, distinctive assets: a portfolio of 14 complementary brands; a FitnessBoutique network of 115 stores; long-standing e-commerce expertise; a growing presence in mass retail and pharmacies; and strong partnerships with public figures and ambassadors who connect directly with fitness, performance and wellness communities. This momentum is backed by tangible results.

The proposed IPO should enable us to accelerate this trajectory by strengthening our industrial capabilities, continuing to expand our distribution channels in France and across Europe, and broadening our offering to serve every type of consumer. I would like to thank our teams, franchisees, partners, ambassadors and customers, who have helped make N4 GROUP what it is today. This first step is above all the result of their commitment and trust, and marks the beginning of a new phase of development for the Group.

N4 GROUP in 3 minutes

who are we?

N4 Group

A family-owned company that has become one of the leading players in fitness, sports nutrition, health and wellness.

The family business was founded. Its share capital is 100% family-owned.
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Employees as at 31 March 2026
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FitnessBoutique stores: Europe’s leading retail chain for fitness equipment and sports nutrition
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Social media followers (including those of licensed influencers)
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Revenue as at 31 March 2026; up 31% versus 2025
€ 0 m
EBIT margin as at 31 March 2026, up 6 percentage points versus 2025
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Business divisions: Fitness, Health and Performance Nutrition; and Cardio and Strength Training Equipment. 14 brands
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Distribution channels: e-commerce; retail (FitnessBoutique, pharmacies, para-pharmacies and specialist stores); and mass retail
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Performance, health and wellness: driving sustained growth in the appeal of sports nutrition and fitness

(1) Eurobarometer survey reveals that 45% of Europeans do not engage in any physical activity — EOC EU Office.
(2) Company information, Mordor Intelligence, IMARC, Market Research Future
(3) YouTube, main channel, April 2026

N4 Group a major player in fitness and sports nutrition, health and wellness

01

Large, fast-growing target markets

(1) Sources: company, Mordor Intelligence, Euromonitor, Xerfi

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A broad portfolio of 14 distinctive, complementary brands

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An integrated business model, from science to consumer appeal

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An omnichannel distribution network: turning consumer appeal into sales

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Profitable growth and strong cash generation

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A clear strategy: to become the European leader in fitness, sports nutrition, health and wellness

Financial targets

2027 targets

Revenue above €100m and EBIT margin of 20%

2029 targets

Revenue above €150m and EBIT margin of 25%

N4 Group shares

Share name: N4GROUP
Ticker symbol: ALN4
ISIN: FR001401BD72
offering
terms

N4 Group shares

Share name: N4GROUP
Ticker symbol: XXX
ISIN: FRXXXXX

Indicative offering timetable

Time remaining until the subscription period closes:

Days
Hours
Minutes
Seconds

Offering details

Offering structure

- Public offering in France (at least 10% of the offering);
- Institutional placement in France and Europe

Indicative price range

- Between €XX and €XX per share

Initial offering size

- Issuance of XXX new shares, representing approximately €XXX XXXm
- Issuance of XXX additional new shares, representing approximately €XXX XXXm

Extension Clause

- Up to XX additional existing shares offered for sale, representing XX% of the initial offering size

Over-allotment Option

- Up to XX new shares, representing XX% of the offering size assuming full exercise of the Extension Clause

Total gross offering amount

- €XXm assuming full exercise of the Extension Clause and the Over-allotment Option

Subscription commitments

- Total commitments of €XXm from XX

Lock-up and standstill commitments

- Company: 180 days

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