Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — 6M 2026 Earnings Presentation
29 slides from Quest Holdings Sa's earnings presentation, 2026
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 6M 2026 Financial Results
Slide 2: 01. 6M 2026 Results
01. 6M 2026 Results Overview Financial Performance Outlook 2
Slide 3: Quest Group at a Glance (6M 2026)
Quest Group at a Glance (6M 2026) ▪ €750m Revenues 30 Countries 3.659 45 years ▪ €53m EBITDA International Activity Headcount (est. in 1981) ▪ €39m EBT ( ~26% of revenue) ▪ €354m Equity Active in : Revenues Track Record 2017 -2026 ▪ Commercial Activities1 € 507m ▪ Revenue CAGR 16% ▪ IT Services € 15
Slide 4: 6M 2026 Highlights
Quest Group 6M 2026 Highlights 1 Growth across all P&L lines: Sales +9,8%, EBITDA +11,2%, EBT +19,2%, EAT +25,2%. 2 Strong demand for IT services, with revenue up 21%. 3 ACS grew 8,4%, outpacing the e-commerce market. Commercial Activities growth broad-based across all major categories, despite a so
Slide 5: P&L (6M 2026)
P&L (6M 2026) 6M 2026 YoY % YoY % 6M 2025 Amounts in ‘000 € Cont. Continued Discontinue Total Operat. Total Total Operations d operations Sales 750.169 10,5% 9,8% 678.965 4.504 683.469 Explanations/Clarifications: EBITDA 52.858 21,3% 11,2% 43.577 3.953 47.530 % sales 7,0% 6,4% 87,8% 7,0% ▪ Sales and
Slide 6: P&L (6M 2026)
P&L (6M 2026) Amounts in ,000 € EBITDA 60.000 12,0% 9,9% 50.000 8,8% 8,9% 8,8% 10,0% 8,2% 800.000 SALES 2026 VS 2017 7,2% 7,2% 40.000 6,7% 7,0% 7,0% 8,0% 700.000 +236% 30.000 6,0% 10years CAGR 600.000 500.000 20.000 4,0% +14% 15.732 20.218 25.645 27.146 39.251 34.510 39.008 41.623 47.530 52.858 2026
Slide 7: Balance sheet (6M 2026)
Balance sheet (6M 2026) Amounts in ‘000 € Group Balance Sheet 6M 2026 12M 2025 Tangible & intangible assets 123.216 121.566 Right-of-use assets 43.107 41.701 Goodwill 46.855 47.064 Other 31.077 39.027 Inventories Non-current assets 244.255 139.569 249.358 122.622 €906m €354m Trade & other receivable
Slide 8: Cash Flow (6M 2026)
Cash Flow (6M 2026) Group Cash Flow 6M 2026 6M 2025 Amounts in ,000 € EBT 39.165 32.866 Depreciation/Amortization 9.705 8.916 Interests Expense / (income) 5.434 6.638 WoC (Change in Inventories, Receivables, Payables) (32.910) (48.644) Tax paid (5.778) (2.458) Other operating activities (8.921) (7.7
Slide 9: Quarterly results
Quarterly results Amounts in ,000 € Q1 2026 YoY % Q1 2025 Q2 2026 YoY % Q2 2025 6M 2026 YoY % 6M 2025 Sales 365.506 11,4% 328.030 384.663 8,2% 355.439 750.169 9,8% 683.469 EBITDA 22.125 4,3% 21.204 30.733 16,7% 26.325 52.858 11,2% 47.530 % sales 6,1% 6,5% 8,0% 7,4% 7,0% 7,0% EBIT 17.429 3,4% 16.848
Slide 10: Commercial Activities Segment
Commercial Activities Segment Info/Overview 6M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 6M 2026 YoY % 6M 2025 ▪ €1.029m revenue in 2025 ▪ 40%+ of ICT distribution Market in Greece Sales 506.993 8% 470.462 ▪ Apple’s and Xiaomi’s Value-Added Distributor
Slide 11: IT Services Segment
IT Services Segment Info/Overview 6M Financial Results ▪ Leading IT integrator in domestic market Amount in ,000€ 6M 2026 YoY % 6M 2025 ▪ €268m revenue in 2025 Sales 159.428 21% 131.598 ▪ 30+ countries of operations EBITDA 15.434 23% 12.525 ▪ ~46% International revenues mainly within EU % sales 9,7%
Slide 12: Courier & Postal Segment
Courier & Postal Segment Info/Overview 6M Financial Results ▪ Largest Local Courier operator in Greece (~ 24% Μ. Share ) Amount in ,000€ 6M 2026 YoY % 6M 2025 ▪ €163m revenue in 2025 Sales 83.065 8% 76.628 ▪ Leading Alternative Postal Operator in Greece (~4% Μ. Share) EBITDA 15.906 19% 13.370 ▪ 50+m
Slide 13: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 6M Financial Results ▪ Quest Energy owned during 2025 24 photovoltaic parks Continued operations Discontinued operations Total operations with > 39MW power. 20 of these, totaling 37 MW, were Amount in ,000€ 6M 2026 6M 2025 6M 2026 6M 2025 6M 2026 YoY %
Slide 14: Segment Contribution in Sales & Ebitda (6M 2026)
Segment Contribution in Sales & Ebitda (6M 2026) Amounts in ,000 € Commercial Courier & IT Services Energy & Other Total Group Activities Postal 506.993 159.428 83.065 683 21,3% 11,1% 0,1% Sales 67,6% 750.169 20.771 15.434 15.906 747 1,4% Ebitda 29,2% 30,1% 39,3% 52.858 EBITDA 109,3% 7% 4,1% 9,7% 19
Slide 15: Segment Analysis 6M 2026
Segment Analysis 6M 2026 Amounts in ,000 € Discontinued 6M 2026 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 582.931 160.210 83.553 683 - 827.378 - 827.378 Inter-segment sales (75.939) (782
Slide 16: Segment Outlook
Segment Outlook Commercial Activities IT Services ▪ Sales and profits are estimated to continue to grow at ▪ Current estimation for 2026 foresees growth in sales a double digit pace during 2026, driven by strong similar or slightly higher profitability vs 2025. demand and continuing investments on d
Slide 17: 2026 Outlook
Group Outlook Our estimations foresee a high single growth in sales and slightly higher EBITDA and EBT 1 vs 2025 surpassing the gap created by the divestment from the energy sector. 2026 Outlook In continuing operations, higher growth in both sales and profitability is estimated. 2 Commercial sector
Slide 18: 02. Appendix
02. Appendix Other Corporate info More Financial Data 18
Slide 19: Quest Group at a Glance (12M 2025)
Quest Group at a Glance (12M 2025) ▪ €1.470m Revenues 30 Countries 3.454 45 years ▪ €107m EBITDA International Activity Headcount (est. in 1981) ▪ €71m EBT ( ~26% of revenue) ▪ €371m Equity Active in : Revenues Track Record 2016 -2025 ▪ Commercial Activities1 € 1.029m ▪ Revenue CAGR 16% ▪ IT Service
Slide 20: Segment Analysis 12M 2025
Segment Analysis 12M 2025 Amounts in ,000 € Discontinued 12M 2025 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 1.166.836 269.689 163.759 976 - 1.601.260 9.235 1.610.495 Inter-segment sales
Slide 21: Operating Model
Operating Model INVESTMENT IN HAND’S ON MAJORITY SHAREHOLDER DIVERSIFIED PORTFOLIO MARKET LEADERS MANAGEMENT number Acquire and hold Subsidiaries are market Actively involved in Mitigate risk by controlling stakes in leaders in promising subsidiaries’ investing in different corporate assets sectors
Slide 22: Resilience in challenging times
Resilience in challenging times Amounts in million € Sales 900 Market Cap 1.600 800 1.400 700 1.200 600 1.000 500 800 400 600 300 400 200 1.032 1.197 1.325 1.470 200 388 436 498 600 721 948 100 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 30
Slide 23: Value Created to Investors
Value Created to Investors 9 2.900 Quest share value (€) Market Cap* 8 € 751m 2.400 7 General Index 6 1.900 5 Aggregate Capital Return/ Dividends to the Shareholders (2017-2026) 4 1.400 3 € 248m 900 2 1 400 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 RoE (=EBT/Total Equity) 60,0% Treasury Fr
Slide 24: Growth Drivers
Growth Drivers Mobility Cloud & IoT E-Commerce International Markets Commercial Networks Clima M&A Inorganic Growth 24
Slide 25: Quest Holdings BoD
Quest Holdings BoD Theodore Fessas Eftichia Koutsoureli Apostolos Georgantzis Markos Bitsakos Maria Damanaki President –Exec. Member Non-Exec. Member Exec. Member Exec. Member Vice Chairwoman Founder and major Shareholder and CEO of Quest Holdings Deputy CEO of Quest Independent Non-Exec. shareholde
Slide 26: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is based Goals on a modern, dynamic and flexible Corporate Governance By applying the core principles of Corporate Governance, the model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 27: Sustainability – a Strategic Focus
Sustainability – a Strategic Focus Strong Participation Annual Sustainability ESG Strategy 2025-2030+ in ESG Ratings and CSR priorities Reporting – from voluntary 4 Pillars - 9 Goals Sustainability Index to compliance Innovation & startup EcoSystems 2024: low risk Environment - Climate : Reduce abso
Slide 28: Disclaimer
Disclaimer ▪ This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. ▪ Such statements may be subject to a
Slide 29: Thank you
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