2025 Natural Grocers Sustainability Report

Our Crew as of 09/30/2025

FY 2025 Net Sales $1.33 billion

Body Care, Pet Care & other 9%

3,455 3,840 795 410

Full Time

Part Time

Grocery 72%

Dietary Supplements 19%

Crew in Stores

Crew in Corporate, Bulk Packaging Facility and Distribution Center

Financial Sustainability • 22 consecutive years of positive daily average comparable store sales growth • Diluted earnings per share growth of 125% over the previous five years • Commitment to returning value to our stockholders: issued dividend payments of $5.24 per common share since we instituted a cash dividend six years ago

Geographic Footprint as of 09/30/2025: 169 stores in 21 states

5

4

3

14

1

6

1

2

6

4

3

8 11 6

45

7

8

6

3

25

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We believe that our company’s ongoing financial success demonstrates how a business model dedicated to offering affordable, high-quality natural and organic products can deliver positive environmental and social impact, while creating value for all our stakeholders. We hope to inspire other companies around the world to follow our lead.

All data in the Natural Grocers Fiscal Year 2025 (FY 2025) Sustainability Report (report) reflects results for the fiscal year ending September 30, 2025, unless identified otherwise.

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FISCAL YEAR | 2025