Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — FY2025 Earnings Presentation
27 slides from Quest Holdings Sa's earnings presentation, 2026
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 12M 2025 Financial Results
Slide 2: 12M 2025 Results
01.12M 2025Results Overview Financial Performance Outlook 2
Slide 3: 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 4: 12M 2025 Highlights
Quest Group 12M 2025 Highlights 1 Significant increase across all P&L line items (10,9% Sales , 16,6% EBITDA, 9,3% EBT) 2 Strong demand for IT services. 3 ACS sales had a slow start, but accelerated during the year 4 Benrubi consolidation in effect since Feb 2025 4 Sale of 36,5Watt of Solar Parks 4
Slide 5: P&L (12M 2025)
P&L (12M 2025) Amounts in ‘000 € 12M 2025 YoY % YoY % 12M 2024 Explanations/Clarifications: Continued Discontinue Cont. Continued Discontinue Total Operat. Total Total Operations d operations Operations d operations ▪ Sales and profitability growth in all Lines Sales 1.461.070 9.235 1.470.305 11,1%
Slide 6: P&L (12M 2025) EBITDA, Sales, EBT
P&L (12M 2025) EBITDA Amounts in ,000 € 120.000 9,0% 8,9% 8,3% 10,0% 8,2% 8,0% 9,0% 100.000 6,8% 7,0% 7,0% 6,9% 7,3% 8,0% 80.000 7,0% 2025 VS 2016 6,0% 60.000 5,0% +237% 10years CAGR 1.600.000 SALES 4,0% 1.400.000 40.000 3,0% +14% 106.983 31.792 39.251 33.901 53.393 59.858 75.562 71.997 83.329 91.74
Slide 7: Balance sheet (12M 2025)
Balance sheet (12M 2025) Amounts in ‘000 € Group Balance Sheet 12M 2025 12M 2024 Tangible & intangible assets 121.566 157.673 Right-of-use assets 41.701 36.030 Goodwill 47.064 37.051 Other 39.027 48.860 Inventories Non-current assets 249.358 122.622 279.614 114.503 €925m €371m Trade & other receivab
Slide 8: Cash Flow (12M 2025)
Cash Flow (12M 2025) Group Cash Flow 12M 2025 12M 2024 Amounts in ,000 € EBT 71.030 64.984 Depreciation/Amortization 19.351 15.480 Interests Expense / (income) 13.281 13.391 WoC (Change in Inventories, Receivables, Payables) (12.855) 21.395 Tax paid (12.744) (22.840) Other operating activities (11.8
Slide 9: Quarterly results
Quarterly results Amounts in ,000 € Q1 2025 YoY % Q1 2024 Q2 2025 YoY % Q2 2024 6M 2025 YoY % 6M 2024 Q3 2025 YoY % Q3 2024 9M 2025 YoY % 9M 2024 Q4 2025 YoY % Q4 2024 12M 2025 YoY % 12M 2024 Sales 328.030 8,2% 303.118 355.439 12,1% 316.949 683.469 10,2% 620.067 336.421 10,0% 305.866 1.019.890 10,1%
Slide 10: Commercial Activities Segment
Commercial Activities Segment* Info/Overview 12M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 12M 2025 YoY % 12M 2024 ▪ €1.029m revenue in 2025 Sales 1.029.395 12% 916.083 ▪ 40%+ of ICT distribution Market in Greece EBITDA 42.682 17% 36.482 ▪ Apple’s and
Slide 11: IT Services Segment
IT Services Segment Info/Overview 12M Financial Results ▪ Leading IT integrator in domestic market Amount in ,000€ 12M 2025 YoY % 12M 2024 ▪ €268m revenue in 2025 Sales 268.016 11% 241.440 ▪ 30+ countries of operations EBITDA 28.641 31% 21.878 ▪ ~46% International revenues mainly within EU % sales 1
Slide 12: Courier & Postal Segment
Courier & Postal Segment Info/Overview 12M Financial Results ▪ Largest Local Courier operator in Greece (~ 24% Μ. Share ) Amount in ,000€ 12M 2025 YoY % 12M 2024 ▪ €163m revenue in 2025 Sales 162.982 4% 157.280 ▪ Leading Alternative Postal Operator in Greece (~4% Μ. Share) EBITDA 29.413 13% 26.110 ▪
Slide 13: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 12M Financial Results ▪ €10,5m revenues for Quest Energy during 2024 Continued operations Discontinued operations Total operations ▪ Quest Energy owned during 2025 24 photovoltaic parks Amount in ,000€ 12M 2025 12M 2024 12M 2025 12M 2024 12M 2025 YoY %
Slide 14: Segment Contribution in Sales & Ebitda (12M 2025)
Segment Contribution in Sales & Ebitda (12M 2025) Amounts in ,000 € Commercial Courier & Discontinued IT Services Energy & Other Total Group Activities Postal Operations 1.029.395 268.016 162.982 676 9.235 0,0% 0,6% 18,2% 11,1% Sales 1.470.305 70,0% 42.682 28.641 -1.766 8.012 29.413 Ebitda -1,7% 7,5
Slide 15: 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 16: Segment Outlook
Segment Outlook IT Services Commercial Activities ▪ Sales and profits are estimated to continue to grow ▪ Initial estimation for 2026 includes growth in sales during 2026, driven by strong demand and continuing similar or slightly lower profitability vs 2025. investments on digital transformation by
Slide 17: 2026 Outlook
Group Outlook 1 Initial Estimations include Slight Sales Growth and similar or slightly lower EBITDA and 2026 Outlook EBT vs 2025. Slight Growth in sales and profitability is estimated for the continued operations. 2 Commercial sector expanding despite the weak demand environment. 3 Strong demand fo
Slide 18: 02. Appendix
02. Appendix Other Corporate info More Financial Data 18
Slide 19: 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 20: Resilience in challenging times
Resilience in challenging times Amounts in million € Sales Market Cap 1.600 900 1.400 800 1.200 700 1.000 600 800 500 400 600 300 400 200 1.032 1.197 1.325 1.470 200 388 436 498 600 721 948 100 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBITDA
Slide 21: Value Created to Investors
Value Created to Investors 9 2.900 Quest share value (€) Market Cap* 8 € 757m 2.400 7 General Index 6 1.900 5 Aggregate Capital Return/ Dividends to the Shareholders (2016-2025) 4 1.400 3 € 211m 900 2 1 400 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 RoE (=EBT/Total Equity) 60,0% Treasury Free Fl
Slide 22: Growth Drivers
Growth Drivers Mobility Cloud & IoT E-Commerce International Markets Commercial Networks Clima M&A Inorganic Growth 22
Slide 23: 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 24: 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 25: 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 26: 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 27: Thank you
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