Slide 1: Full Year 2025 Financial Results
Full Year 2025 Financial Results April 17, 2026 FY’25 Financial Results 1
Slide 2: Disclaimer
Disclaimer. This presentation has been prepared by ELLAKTOR S.A. The information included in this presentation may be caution readers of this presentation not to place undue (the “Company”). subject to updating, completion, revision and reliance on these forward-looking statements as several amendme
Slide 3: Group Business Update
Group Business Update. Balance Sheet Transformation Transactions €307m Group liquidity (as of December 2025) and a solid capital Concessions structure, provide enhanced flexibility for strategic investments and/or shareholder rewards SPA signed with Aktor in Apr ’25 for the sale of Aktor Concessions
Slide 4: Contents
Contents. 1. 2. 3. 4. Group Key Financial ESG Appendix Financial & Figures Business Update FY’25 Financial Results 4
Slide 5: 1. Group Financial & Business Update
1. Group Financial & Business Update FY’25 Financial Results 5
Slide 6: Financial Highlights for FY 2025
Financial Highlights for FY 2025. 1. Group Revenue at €89.2m (C.O. €18.6m), 75% lower compared to the €m 12M'24 12M'25 Δ% same period last year Real Estate 3.7 18.0 >100% Other 187.6 0.6 (100%) 2. Group EBITDA at -€11.6m (C.O. -€46.0m), compared to €170m (C.O. Revenue Eliminations (0.1) - 100% €124.
Slide 7: 2. Key Financial Figures
2. Key Financial Figures FY’25 Financial Results 7
Slide 8: Consolidated P&L - IFRS 5
Consolidated P&L - IFRS 5. Continuing Operations Discontinued Operations Total €m 12M'24 12M'25 Δ% 12M'24 12M'25 Δ% 12M'24 12M'25 Δ% Net sales 191.2 18.6 (90.3%) 162.7 70.6 (56.6%) 353.8 89.2 (74.8%) Cost of Sales* (48.4) (23.0) 52.5% (100.0) (43.3) 56.7% (148.4) (66.3) 55.3% Gross profit 142.7 (4.4
Slide 9: Consolidated Balance Sheet (IFRS 5)
Consolidated Balance Sheet (IFRS 5). €m Dec.'24 Dec.'25 Δ% €m Dec.'24 Dec.'25 Δ% PPE, Intangible assets & Investment Property 453.0 210.3 (54%) Equity excl. non-controlling interests 757.3 438.0 (42%) Investment in subsidiaries, associates and joint ventures 195.2 3.2 (98%) Non-controlling interests
Slide 10: Group Cash & Debt Breakdown
Group Cash & Debt Breakdown. Total Debt (€m) Cash & Liquid Assets (€m) Net Cash (€m) 307 0.4 281 0.4 306 281 26 26 31.12.2025 31.12.2025 31.12.2025 Group C.O. Held for Sale Group C.O. Held for Sale Group C.O. Held for Sale * Lease liabilities (IFRS 16) excluded throughout FY’25 Financial Results 10
Slide 11: Consolidated Cash Flow (IFRS 5)
Consolidated Cash Flow (IFRS 5). €m 12M '24 12M '25 Δ% ▪ CF from Investment Activities ▪ Inflow of €113.8m from the sale of Helector Cash and equivalents at start of period 302.9 172.9 (43%) ▪ Inflow of €194.6m from the sale of Aktor Concessions CFs from Operating Activities (C.O.) 0.5 (34.2) <(100%
Slide 12: 3. ESG
3. ESG FY’25 Financial Results 12
Slide 13: ESG KPIs
ESG KPIs. E S G Incidents of personal 38 1,009 62 0 data breaches or non- compliance with GDPR tCO2 eq. 10 40 CO2 eq. emissions produced 10 255 Scope 1 (%) Scope 2 (%) (1) Non- Confirmed incidents of 0 Employees Employees corruption, bribery, 23 60 and conflicts of interest 90 3,957 ΜWh Male (%) Fem
Slide 14: 2025 ESG Achievements
2025 ESG Achievements. Included in the 2025 national list of “The 50 Achieved an ESG Transparency Score of 95% Most Sustainable Companies in Greece” by from the Athens Stock Exchange (ATHEX) the QualityNet Foundation A Group-wide Human Rights training ELLAKTOR Group achieved an A rating on program w
Slide 15: ESG Ratings
ESG Ratings. Score Rating Scale Rating Agency (low to high) Comments 2022 2023 2024 2025 9 6 7 Environment 4 10 – 1 Social 2 2 2 1 1 1 1 1 Governance 73.1 98.3 98.8 69.9 0 - 100 80 79 77 78 ✓ 16th out of the 338 0 - 100 Construction & Engineering companies ✓ 57th out of the 353 29.8 29.3 30.8 30.8 1
Slide 16: EU Taxonomy
EU Taxonomy. Revenues OpEx CapEx C.O. 0.1% C.O. 4.3% C.O. 0.0% C.O. C.O. 0.7% 16.0% C.O. 42.8% 6.0% 1.3% 4.8% 19.9% 1.3% 43.6% C.O. 4.9% 51.7% C.O. 61.1% 74.1% 97.5% C.O. 43.6% Total C.O. D.O. Aligned (A1) Aligned (A1) Aligned (A1) Eligible, but not aligned (A2) Eligible, but not aligned (A2) Eligib
Slide 17: 4. Appendix
4. Appendix FY’25 Financial Results 17
Slide 18: P&L by Segment FY'24
P&L by Segment FY’24. Continuing Gournes, Discontinued 12M'24 in €m Real Estate Other Elimin. Environment Concessions Total Operations Cambas & CLH Operations Net sales 3.7 187.6 (0.1) 191.2 100.2 - 62.5 162.7 353.8 Cost of Sales* (1.7) (46.8) 0.1 (48.4) (66.7) - (33.2) (100.0) (148.4) Gross profit
Slide 19: P&L by Segment FY'25
P&L by Segment FY’25. Continuing Gournes, Discontinued 12M'25 in €m Real Estate Other Elimin. Environment Concessions Total Operations Cambas & CLH Operations Net sales 18.0 0.6 - 18.6 8.2 - 62.4 70.6 89.2 Cost of Sales* (4.8) (18.3) 0.1 (23.0) (5.2) - (38.1) (43.3) (66.3) Gross profit 13.2 (17.7) 0
Slide 20: Net Debt by Segment
Net Debt by Segment. Other & Carved- Concessions Moreas (non- Gournes & 31.12.2025 in € m Real Estate Group C.O. Held for Sale Total Group out assets Recourse recourse) Cambas Short-term Debt 2.6 (0.0) 2.6 - - - - 2.6 Long-term Debt 23.1 0.0 23.1 - - - - 23.1 Total Debt 25.7 0.0 25.7 - - - - 25.7 Ca
Slide 21: Stock performance & Shareholders
Stock performance & Shareholders. Shareholder Composition (Mar ’26) Headline Metrics (as of 8/4/2026) Executives Own Shares 0.4% 0.6% Retail (<5%) • Number of Shares Outstanding 348.2m • Share Price € 1.32 Foreign 11.1% Institutional • Market Cap € 460m • YTD Price Performance (2.1%) Investors 2.0%
Slide 22: Glossary / Alternative Performance Measures
Glossary / Alternative Performance Measures. NET BEBT EBITDA EBITDA EBIT NET DEBT EXCLUDING LTM MARGIN LEASES (Earnings before Earnings before (Earnings before Total short-term and Net Debt excluding Refers to a period of Interest, Tax, interest, tax, Interest and Tax): long-term borrowings, leases
Slide 23: Contact
Dimos Revelas Group CFO drevelas@ellaktor.com Andreas Papanagiotopoulos Group Treasurer & Finance Manager/IRO apapanagiotopoulos@ellaktor.com ir@ellaktor.com ELLAKTOR HEADQUARTERS 25, Ermou St., GR 145 64 Nea Kifissia Athens - Lamia National Road, Olympic Village Interchange Greece TEL: +30 210 8185