Ekter S.a. · ATHEX:EKTER
Ekter — H1 2026 Earnings Presentation
32 slides from Ekter's earnings presentation, September 2026
Slide 1: Investor Presentation Results H1 2026
INVESTOR PRESENTATION Results H1 2026 September 2026 EKTER S.A. · Euronext Athens: EKTER · ISIN GRS222213001
Slide 2: Contents
Contents 01 Overview 02 The Environment 03 Financial Results 04 ESG & Governance 05 The Share 06 Appendix 2
Slide 3: Overview
01 Overview Profile, activities and developments of the period. 3
Slide 4: Key figures for the period
H1 2026 Key figures for the period Revenue EBITDA Profit after tax €59.6m €6.5m €3.5m +42.4% versus H1 2025 10.8% margin €0.1248 per share Backlog at 30.06.2026 Operating cash flow Cash and cash equivalents €206.4m €11.3m €19.7m +79.5% from 31.12.2025 from €6.5m in H1 2025 +58.9% from 31.12.2025 4
Slide 5: Activities and scale
COMPANY PROFILE Activities and scale EKTER S.A. operates in public and private building and infrastructure projects, hospitality, real estate and Public–Private Partnerships. Since July 2026 it has held the Class 7 contractor licence, the highest grade of the Greek Register of Public Works Contracto
Slide 6: Key events by quarter
2026 IN REVIEW Key events by quarter Q1 Q2 Q3 Corporate identity refresh ALPHA EPENDYTIKI PERIOUSIA ELAIONA Democritus University of Thrace — ORILINA REIC — 20 residences, «Marina — P.A.O. sports facilities (€34.0m) Medical School buildings (€8.8m) Residences by Kengo Kuma», Elliniko Municipality of
Slide 7: Impact on the addressable market
CLASS 7 LICENCE · 15.07.2026 Impact on the addressable market Class 7 market size Five companies in Class 7 Target segment Cost structure €4.05bn 1 of 5 €50–300m Low overheads the Class 7 market in 2025, alongside EKTER, four other projects of €50–300m, above a lean structure and a lower +28.1% vers
Slide 8: Four segments, one construction core
B US I N E S S S T R U C T U R E Four segments, one construction core Construction Hospitality Real Estate PPP 95.6% of revenue Summer Senses 5★, Paros Owned portfolio First concession project Public and private building 100 rooms and suites, 4 New head office in Agia Five new police projects restau
Slide 9: The Environment
02 The Environment The Greek economy and the market for construction companies. 9
Slide 10: Key macroeconomic indicators
MACROECONOMIC BACKDROP Key macroeconomic indicators Greek GDP Debt / GDP Unemployment Foreign direct investment 2.1% 146.1% 8.9% €11.4bn 2025 · versus 1.4% in the euro 2025 · from 177.8% in 2022 2025 · from 12.5% in 2022 2025 · all-time high area Public Investment Programme (€bn) Travel receipts (€b
Slide 11: Financial Results
03 Financial Results H1 2026 versus H1 2025, consolidated figures. 11
Slide 12: Key financial figures
H1 2026 Key financial figures Revenue Gross profit Gross margin EBITDA €59.6m €7.7m 12.8% €6.5m +42.4% +6.3% −437 bps −8.5% H1 2025: €41.9m H1 2025: €7.2m H1 2025: 17.2% H1 2025: €7.1m EBITDA margin Profit after tax Equity Cash and cash equivalents 10.8% €3.5m €56.2m €19.7m −603 bps −23.3% +0.9% +58
Slide 13: Breakdown by business segment and project category
REVENUE Breakdown by business segment and project category €59.6m H1 2025 — total €41.9m €41.9m 90.4% Public €37.9m Private €2.9m Hospitality €1.1m 90.4% 7.0% 2.6% H1 2026 — total €59.6m 48.8% 49.3% H1 2025 H1 2026 Public €29.1m Private €29.4m Hospitality €1.1m +42.4% versus H1 2025 48.8% 49.3% — fr
Slide 14: Backlog development and composition
ORDER BACKLOG Backlog development and composition € 258.7 Within H1 2026 € 206.4 +79.5% € 115 new contracts of more than €100m: P.A.O. € 100 Elaionas €34.0m, Marina Residences €30.3m, ANT1 €25.5m, Ampelokipoi swimming complex €24.5m, Chios school €8.2m 31.12.2024 31.12.2025 30.06.2026 27.09.2026 Tod
Slide 15: Tender participation and contract signings
TENDER ACTIVITY Tender participation and contract signings Number of tenders Tender budget (€m) Signed contracts (€m) 54 € 1,009.5 € 199.9 31 € 605.0 € 122.6 H1 2026 2026 year to date H1 2026 2026 year to date H1 2026 2026 year to date H1 2026: 31 tenders — 23 public and 8 private projects, with a c
Slide 16: Gross profit up
GROSS PROFIT Gross profit up Gross profit (€m) Gross margin € 7.2 € 7.7 17.2% 12.8% H1 2025 H1 2026 H1 2025 H1 2026 +6.3% −437 basis points The margin decline is attributable to two factors 1. Cost estimates. Recalibration of project cost estimates, so that the increase in material and construction
Slide 17: EBITDA and net profit
PROFITABILITY EBITDA and net profit EBITDA (€m) EBITDA margin Profit after tax (€m) € 7.1 16.9% € 4.5 € 6.5 € 3.5 10.8% H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 −8.5% −603 bps −23.3% Finance costs. Net cost €0.47m versus Tax. €1.78m versus €1.49m, on lower pre- Per share. Earnings after tax €
Slide 18: Financial position
FINANCIAL POSITION AT 30.06.2026 · AMOUNTS IN €M Financial position Equity Total assets Cash and cash Working capital * € 55.7 € 56.2 € 109.6 equivalents € 29.3 € 30.6 € 99.3 € 19.7 € 12.4 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 31.12.2025 30.06.2026 Net cash position Curre
Slide 19: Cash flow for the period
C A S H F L OW · € T H O US A N D S Cash flow for the period +4,734 −975 −3,049 +6,610 19,746 12,425 Cash and cash Operating flows Change in Investing Financing Cash and cash equivalents before working capital working capital activities activities equivalents 31.12.2025 30.06.2026 Operating €11.3m v
Slide 20: Construction and hospitality
S EG M E N T P E R F O R M A N C E Construction and hospitality Construction segment Hospitality segment Amounts in €m H1 2026 H1 2025 Amounts in €m H1 2026 H1 2025 Revenue 58.50 40.78 Revenue* 1.13 1.08 Cost of sales (50.33) (32.96) Cost of sales (1.64) (1.69) Gross profit 8.17 7.81 Gross profit (0
Slide 21: ESG & Governance
04 ESG & Governance Certifications, policies and the new Board of Directors. 21
Slide 22: Environment, social, governance
ESG FRAMEWORK Environment, social, governance Environment Social Governance Energy Policy and Sustainability Policy ISO 45001:2018 — Occupational Health Twelve-member Board elected ISO 14001:2015 — Environmental and Safety 29.05.2026, term to 29.05.2031 Management ISO 9001, 22000, 22301, 26000 5 exe
Slide 23: The Share
05 The Share Share price performance and shareholder structure. 23
Slide 24: Share price and market capitalisation
SHARE PRICE PERFORMANCE Share price and market capitalisation Closing price € Market cap 5.5 31.12.2025 3.7600 €104.3m 5.0 30.06.2026 5.2100 €144.5m 4.5 28.09.2026 4.9200 €136.4m 52-week high · 5.5700 — 4.0 27.07.2026 52-week low · 3.5 2.1600 — 29.09.2025 From 31.12.2025 H1 2026 31.12.2025 March Jun
Slide 25: Shareholder structure and share data
THE SHARE Shareholder structure and share data Share data 12.7% 8.5% 78.8% Number of shares 27,728,682 Athanasios Sipsas (direct) Nikias S.A. (indirect) Free float Type Common registered Two share placements with institutional investors were completed Nominal value € 0.26 during 2026, in February an
Slide 26: Appendix
06 Appendix Full financial statements and backlog analysis. 26
Slide 27: Statement of Financial Position
Statement of Financial Position ASSETS EQUITY AND LIABILITIES Amounts in € 30.06.2026 31.12.2025 Amounts in € 30.06.2026 31.12.2025 Property, plant and equipment 34,796,420 34,456,350 Share capital and share premium 19,465,262 19,465,262 Investment property 7,975,500 7,975,500 Other reserves 6,006,8
Slide 28: Statement of Comprehensive Income
Statement of Comprehensive Income OPERATING RESULT FINANCE COSTS AND NET RESULT Amounts in € H1 2026 H1 2025 Amounts in € H1 2026 H1 2025 Revenue 59,631,371 41,862,741 Interest and similar income 43,355 803,051 Cost of sales (51,969,186) (34,653,717) Interest and similar expenses (508,961) (1,220,48
Slide 29: Statement of Cash Flows
Statement of Cash Flows OPERATING ACTIVITIES TOTALS BY CATEGORY Amounts in € H1 2026 H1 2025 Amounts in € H1 2026 H1 2025 Profit before tax 5,236,051 6,001,033 Operating activities 11,344,567 6,453,647 Depreciation of property, plant and Purchases of property, plant and 624,918 509,730 (964,988) (25
Slide 30: Backlog by Project
Backlog by Project EKTER S.A.'s share, € thousands, 27.09.2026 · public €52,150 (20.2%) · private €206,540 (79.8%) · total contract value at 100%: €273,306 AMOUNTS IN € THOUSANDS AMOUNTS IN € THOUSANDS Project Share EKTER share Project Share EKTER share Infinity, Six Senses Porto Heli 100% 86,348 Mu
Slide 31: Contact Details
Contact Details Disclaimer This presentation may contain forward-looking statements based on estimates Athanasios Sipsas and assumptions regarding expected developments and other factors affecting Chairman of the Board the company. Such estimates are neither historical facts nor a guarantee of the c
Slide 32: Thank you
Thank you ekter@ekter.gr · www.ekter.gr