Ekter S.a. · ATHEX:EKTER
Ekter — Investor Presentation (August 2026)
44 slides from Ekter's investor presentation, August 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026 1 1
Slide 2: Table of Contents
Table of Contents 01 Overview 02 The Environment 03 Financial Results 04 ESG 05 The Share 06 Annex
Slide 3: Overview
01 Overview
Slide 4: Corporate Profile & Key Indicators
Corporate Profile & Key Indicators 65+ years of successful €11.4mn earnings after taxes operations FY 2025 7 €274mn 7th class contractor’s backlog 31.07.2026 certificate €95.5mn turnover FY 2025 223 employees 31.12.2025 4
Slide 5: Milestones in EKTER's History
Milestones in EKTER’s History 1959 1994 1995 2002 2006 2014 2019 2020 2023 2024 2025 2026 EKTER is Listing in Acquisition of Aircraft • Construction of Total value of 5* Hotel Summer • National record Building complex Acquisition of • Awarded contractor Acquisition of founded ATHEX the 6th class mai
Slide 6: Most Important Developments During 2026
Most Important Developments During 2026 Q1 2026 Q2 2026 Q3 2026 • Corporate identity refresh • Signed a contract with ALPHA INVESTMENT • Favorable opinion of the Plenary Session of the • Signing of contract with ORILINA REIC for the PROPERTY ELAIONA S.A. for construction of the Council of State on t
Slide 7: Strategic Priorities
Strategic Priorities Vathi Cove Luxury Resort & Spa, Thassos • Stable presence in Public and Private projects • Ongoing growth • Strategic Partnerships • Business Consistency New Intensive Care Unit Wing, 50 Beds, at "Sotiria General Hospital” • Expansion in Tourism & Real Estate • Technological Int
Slide 8: Activity Segments
Activity Segments Construction Hospitality PPPs Real Estate Sector Sector Sector Sector • Long track record, highlighting project • 5* Hotel Summer Senses • Preferred bidder via a joint venture • Construction of new headquarters in quality and consistency in obligations • Development of a new ultra-
Slide 9: Project Categories & Technical Expertise
Project Categories & Technical Expertise Buildings and Infrastructure Airports Hospitals Hotels Medical ICU Museums Renovations Equipment 9
Slide 10: Hospitality Segment Activity
Hospitality Segment Activity 5★ hotel under development Greece, Paros, Pounda Greece, Paros, Kolymbithres 100 Ultra-Luxury Villas / Suites The largest 5-star hotel in Paros Ultra-luxury 5-star unit, on a 328,000 sq.m. privately owned plot 100 luxury rooms & suites + 4 restaurants & bars Budget: €53.
Slide 11: Corporate Profile Overview
Corporate Profile Overview 01 02 03 04 Strong fundamentals, 65+ years of successful Activity centered on Broad and diversified sound financial structure, presence in the Greek construction portfolio of construction solid capital base. construction sector and presence in hospitality, projects Stable
Slide 12: The Environment
02 The Environment
Slide 13: Key Macroeconomic Indicators
Key Macroeconomic Indicators GDP (%) CPI (%) Unemployment (%) 12.5% 5.7% 9.6% 11.1% Greece Eurozone 10.1% 8.9% 3.5% 2.3% 2.3% 2.1% 8.3% 3.5% 3.7% 1.8% 2.7% 7.9% 1.6% 2.9% 2.4% 1.5% 1.4% 1.2% 1.1% 0.6% 2022 2023 2024 2025 2026* 2027* 2022 2023 2024 2025 2026* 2027* 2022 2023 2024 2025 2026* 2027* FDI
Slide 14: Market Indexes per Activity Segment
Market Indexes per Activity Segment Public Investment Program New Building Permits ('000) Construction Production Index (€bn) 16.7 157.7 31 30 14.6 13.3 11.4 11.2 27 25 101.9 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 2026 Revenues from Tourism (€bn) Tourists’ Arrivals (mn) FDIs in
Slide 15: Financial Results
O03 Financial Results
Slide 16: FY 2025 Financial Highlights
FY 2025 Financial Highlights Turnover Gross Profit EBITDA Backlog €95.5mn €21.0mn €16.9mn €247mn (+10.8% y-o-y) (+34.3% y-o-y) (+20.0% y-o-y) (31.07.2026) Gross Margin EBITDA Margin 22.0% 17.7% (+380bps y-o-y) (+130bps y-o-y) Cash Equity Debt Market Cap. €12.4mn €55.7mn €12.6mn €142mn (+22.1% y-o-y)
Slide 17: Turnover
Turnover Turnover (€ '000) Turnover Breakdown +20.8% 95,524 Hospitality 86,236 4.4% 79,070 €95.5mn Construction 95.6% 2023 2024 2025 17
Slide 18: Backlog of Signed Projects
Backlog of Signed Projects Backlog (€ mn.) Backlog Breakdown1 +167,3% 274 Public Projects 21% 103 115 €274mn. 99 Private Projects 79% 31.12.2023 31.12.2024 31.12.2025 31.07.2026 1. Backlog includes only signed projects. Projects to be signed are excluded. 18
Slide 19: Gross Profit & Gross Profit Margin
Gross Profit & Gross Profit Margin Gross Profit (€ ‘000) Gross Margin (%) +68.9% +620b.p. 22.0% 21,041 18.2% 15,665 15.8% 12,455 2023 2024 2025 2023 2024 2025 19
Slide 20: EBITDA & Net Profitability
EBITDA & Net Profitability EBITDA (€ '000) EBITDA Margin (%) Earnings after Taxes (€ ‘000) +40.8% +250b.p. +27.0% 16,941 17.7% Hospitality: 864 16.4% 11,404 14,118 15.2% 9,414 12,033 8,977 Construction: 16,077 2023 2024 2025 2023 2024 2025 2023 2024 2025 20
Slide 21: Comparative Analysis of Efficiency
Comparative Analysis of Efficiency Gross Margin1 (%) EBITDA Margin1 (%) ~+1,000b.p. ~+520b.p. 23.1% 17.6% 13.1% 12.4% 2 Industry Average EKTER Industry Average2 EKTER 1. Figures refer to FY2025 construction activity financial results 2. Industry average includes the construction activity of AVAX, AK
Slide 22: Key Financial Position Highlights
Key Financial Position Highlights Equity (€ '000) Net Debt (€ '000) Working Capital (€ '000) +108.2% +82.4% 55,743 4,503 29,251 44,080 205 18,877 26,780 16,033 -12,977 31.12.2023 31.12.2024 31.12.2025 31.12.2023 31.12.2024 31.12.2025 31.12.2023 31.12.2024 31.12.2025 22
Slide 23: Liquidity & Efficiency Ratios
Liquidity & Efficiency Ratios Net Debt/ EBITDA Return on Equity Current Ratio (x) (%) (x) 21.4% 0.3 20.5% 2.1 1.6 0.01 2024 2025 2024 2025 2024 2025 23
Slide 24: Cash Flows Bridge
Cash Flows Bridge 19,044 (9,360) (2,756) 12,425 (4,678) 10,175 Amounts in € ‘000 Cash 31.12.2024 Operating Cash Flows Changes in WC Investing Activities Financing Activities Cash 31.12.2025 before changes in WC 24
Slide 25: ESG
04 ESG
Slide 26: ESG & Corporate Governance Framework
ESG & Corporate Governance Framework • Establishment of Energy Policy • Establishment of Sustainability Policy Ε • Environmental Certifications: ⁻ ISO 14001:2015 / Environmental Management ⁻ ISO 14064-1:2018 / Carbon Footprint Report based on standards, with verification by external body ⁻ ISO 50001
Slide 27: The Share
05 The Share
Slide 28: Construction Sector Relative Valuation Analysis
Construction Sector Relative Valuation Analysis EV/EBITDA1 ΕΚΤΕR vs INDUSTRY2 (x) 15.1 8.4 Construction Industry Average EKTER 1. EV/EBITDA: Market Capitalization at 31.07.2026 + Net Debt + Non-controlling interests / reported EBITDA 31.12.2025 2. The industry average includes AVAX, AKTOR, GEK TERNA
Slide 29: Shareholders Structure & Stock Exchange Information
Shareholders Structure & Stock Exchange Information 6.00 Shareholders Structure (%) Dividend per Share (€)1 Number of Shares 27,728,682 0.08 Nikias S.A. Share Type Common Registered 8.5% 0.065 5.00 Sipsas 0.05 ISIN GRS222213001 Athanasios 12.7% Symbols ΕΚΤΕΡ (ATHEX) Free Float 4.00 78.8% EKTER GA (B
Slide 30: Annex
06 Annex
Slide 31: Statement of Financial Position
Statement of Financial Position Amounts in € GROUP COMPANY ASSETS 31.12.2025 31.12.2024 31.12.2025 31.12.2024 Own-used tangible fixed assets 34,456,350 32,788,682 34,456,350 32,788,682 Investment property 7,975,500 7,975,500 7,975,500 7,920,500 Right to use assets 365,149 438,280 365,149 438,280 Oth
Slide 32: Statement of Comprehensive Income
Statement οf Comprehensive Income GROUP COMPANY 01.01 – 01.01 – 01.01 – 01.01 – Amounts in € 31.12.2025 31.12.2024 31.12.2025 31.12.2024 Turnover 95,524,428 86,236,205 95,524,428 81,791,267 Cost of sales (74,483,600) (70,571,155) (74,483,600) (66,169,860) Gross Profit 21,040,828 15,665,050 21,040,82
Slide 33: Statement of Cash Flows
Statement of Cash Flows GROUP COMPANY (amounts in €) 01.01 – 31.12.2025 01.01 – 31.12.2024 01.01 – 31.12.2025 01.01 – 31.12.2024 CASH FLOWS FROM OPERATING ACTIVITIES 15,155,836 11,634,067 15,452,919 11,690,765 Profit (loss) Before Taxes Adjustments for: Share-based compensation expenses. 2,482,000 -
Slide 34: Backlog
Backlog EKTER S.A. (%) PROJECT BACKLOG PARTICIPATION (in€ ’000) INFINITY, SIX SENSES PORTO HELI 100% 91,890 CONSTRUCTION OF SPORTS FACILITIES OF THE AMATEUR CLUB PAO 100% 33,916 RESIDENTIAL COMPLEX MARINA RESIDENCES 100% 27,810 DESIGN AND CONSTRUCTION OF A BIOCLIMATIC / ENERGY-AUTONOMOUS AQUATIC COM
Slide 35: Selected Building & Renovation Projects (1/2)
Selected Building & Renovation Projects (1/2) Renovation & Modernization of Building Complex for People with New Warehouse, Office and Bank of Greece Building Disabilities, The Ellinikon Exhibition Building Sina 16 Features Features Features Region Greece, Athens Region Greece, Athens Region Greece,
Slide 36: Selected Building & Renovation Projects (2/2)
Selected Building & Renovation Projects (2/2) Construction of National New Office Building of AEGEK New Athens Magistrate's Court Insurance Building Complex Company Features Features Features Region Greece, Athens Region Greece, Athens Region Greece, Athens Construction Construction Construction 01/
Slide 37: Selected Infrastructure Projects (1/2)
Selected Infrastructure Projects (1/2) Gournes – Hersonissos Agia Varvara – Apomarma Sewerage Networks (Northern Crete Road Axis) 25% 25% Features Features Features Region Greece, Crete Region Greece, Crete Greece, Attica, N. Region Peramos Construction Construction 01/2012-09/2021 01/2016-08/2020 C
Slide 38: Selected Infrastructure Projects (2/2)
Selected Infrastructure Projects (2/2) Metro Station Egnatia Odos Filothei–Kifissia Networks "Syngrou - Fix" Kouloura - Kleidi 24% 33% Features Features Features Region Greece, Attica, Athens Region Greece, Attica, Athens Greece, Central Region Macedonia Construction Construction Construction 01/201
Slide 39: Selected Airport Infrastructure Projects
Selected Airport Infrastructure Projects Construction of Aircraft Extension of the Terminal Expansion of the Heraklion State Maintenance and Repair Facilities Building of Mykonos National Airport Terminal Building at Athens International Airport Airport 17% 50% Features Features Features Region Gree
Slide 40: Selected Hospital Projects
Selected Hospital Projects New Military Hospital of New COVID-19 ICU Building at Renovations-Extensions Thessaloniki “SOTIRIA” Hospital of Mytilene General Hospital 20% Features Features Features Region Greece, Thessaloniki Region Greece, Athens Region Greece, Mytilene Construction Construction Cons
Slide 41: Selected Hotel Projects
Selected Hotel Projects Ever Eden Beach Resort Hotel Amanzoe Villa Summer Senses Luxury Resort Features Features Features Region Greece, Attica, Anavyssos Region Greece, Argolis Region Greece, Paros Construction Construction Construction 02/2018-06/2019 03/2021-08/2022 01/2017-12/2019 Period Period
Slide 42: Contact Details
Contact Details Athanasios Sipsas Kostantinos Sipsas Bouzas Artemios Darzentas Chairman of the BoD Chief Executive Officer Investor Relations Officer Nikis 15, Athens, 10557 Tel.: 210 3259700 | e-mail: ekter@ekter.gr www.ekter.gr 42
Slide 43: Disclaimer
Disclaimer This presentation may contain forward- looking statements, which are based on estimates and assumptions about expected developments and other factors that affect the company. These estimates are not historical facts and do not constitute a guarantee for the future performance of the compa
Slide 44: Thank you!
Thank you!