Alpha Trust Andromeda Investment Trust Sa · ATHEX:ANDRO
Alpha Trust Andromeda Investment Trust Sa — Investor Presentation (February 2026)
16 slides from Alpha Trust Andromeda Investment Trust Sa's investor presentation, February 2026
Slide 1: A patient investment play
A patient investment play February 2026
Slide 2: Key Facts
Key Facts Sole Athens Listed Closed End Fund The only closed-end fund listed on the Athens Stock Exchange Active Management Seeks to invest in fundamentally sound assets primarily in the domestic equity market. Looking for potentially undervalued or overlooked opportunities where active management c
Slide 3: Key Facts
Key Facts NAV NAV PER SHARE MARKET CAP SHARE PRICE # OF SHARES €38.76m €10.38 €33.01m €8.84 3,734,164 DIVIDEND YIELD (25A) DISCOUNT ESG SCORE AVG DAILY TRAINING VOLUME (last 30 days) 6.65% -14.8% 66.1 4,961 Shares Note: ESG Score is based on Refinitiv Database Source: ALPHA TRUST-ANDROMEDA | Data: 2
Slide 4: Ownership
Ownership 80,00 70,00 60,00 50,00 40,00 30,00 20,00 10,00 0,00 Institutionals Individuals Own shares 31/12/2025 31/12/2024 Source: ALPHA TRUST - ANDROMEDA
Slide 5: Attractive Mandate
Attractive Mandate Focus on hidden opportunities Hidden investment opportunities in the mid and small cap categories due to the lack of research coverage Aiming at a high dividend yield Andromeda’s dividend yield by far exceeded the ASE’s yield in the past 7 years Active management – benchmark agnos
Slide 6: Mid-Small Cap Focus
Mid-Small Cap Focus Andromeda’s portfolio vs. ASE’s Companies: Break down by size of companies 100% 90% 80% 70% 60% Market Cap (€) 50% 40% <1 bn <1 bn and >100m <100m 30% 88.1% 10.39% 1.51% 20% 10% 33.27% 41.43% 11.18% 0% > 1 bn < 1bn and > 100mn < 100 mn ASE ALPHA TRUST ANDROMEDA
Slide 7: Fund Facts
Fund Facts Top 10 Holdings % of Portfolio Asset Class Breakdown Portfolio Breakdown by Industry QUEST HOLDINGS 6.18% Technology 18,33% LAMDA DEVELOPMENT SA 3.67% Industrial 16,18% Consumer, 13,94% PROFILE SA 3.38% Cyclical Basic Materials 7,64% PETROS PETROPOULOS 3.36% Consumer, Non- 6,44% MOTOR OIL
Slide 8: Dividend yield Comparison
Dividend yield Comparison ✓ Andromeda’s dividend yield exceeded that of the market in 6 of the last 7 years and it is expected to exceed it in the current year ✓ Andromeda’s dividend is “after tax” while ATHEX’s dividend yield is “before tax” 10,00% 9,20% 9,00% 8,00% 7,39% 7,50% 7,40% 7,00% 6,20% 6,
Slide 9: NAV Performance
NAV Performance Andromeda’s NAV has outperformed the ATHEX Composite Total Return Index since the launching of Greek strategy 450% 385.92% Since the change of 400% investment strategy to purely Greek (24/10/11), 350% 340.85% the fund has delivered a 300% return of 11.53% p.a. 250% 200% 150% 100% 50%
Slide 10: Stock Performance
Stock Performance The generous dividend payout combined with dividend reinvestment, boosts stock performance Since change of Performance update YTD 2025 2024 2023 2022 2021 investment strategy to purely Greek (24/10/11), the fund has delivered a NAV Per Share 3.28% 27.27% 9.15% 26.41% -12.55% 24.75%
Slide 11: Correlation with ASE Indices
Correlation with ASE Indices Low correlation with ASE Indices renders Andromeda a low-risk addition to a Greek equity portfolio ATHEX Total Return ATHEX High Dividend ATHEX Mid Andromeda Index Yield Index Cap Index Std. Deviation 13.19% 18.34% 15.03% 16.73% Correlation with Andro 87.54% 86.46% 82.24
Slide 12: Unjustified Stock Discount
Unjustified Stock Discount Weighted Average Discounts of Smaller Companies' Closed End #of Weighted Average Funds listed in London CEFs Discount European Smaller Companies 3 6.40% Asia Pacific Smaller Companies 3 7.44% Global Smaller Companies 5 7.32% North American Smaller Companies 2 7.23% Japanes
Slide 13: Nine-month 2025 Results
Nine-month 2025 Results P&L (€ ,000) 9M2025 9M2024 Gross income from portfolio management € 7,544 € 3,552 Gross profit € 6,055 € 2,537 Earnings Before Tax (EBT) € 5,742 € 2,240 Earnings After Tax (EAT) € 5,650 € 2,111 Key indicators 30/09/2025 30/09/2024 Net Asset Value (NAV) €35.34m €30.70m Net Ass
Slide 14: Board of Directors
Board of Directors Each member of the Board has extensive experience in the financial sector and the capital markets Margatita Eleni Vasileios Vlachochristou Linardou Kletsas Chairman, Vice Chairman, CEO, Executive Member Independent, Independent Non-Executive Member Non-Executive Member Alexios Efi
Slide 15: Communication with Shareholders and Investors
Communication with Shareholders and Investors Maria Marina Printsiou Corporate Secretary & Investor Relations Email m.printsiou@andromeda.eu Phone +30 210 62 89 341
Slide 16: THANK YOU
THANK YOU ALPHA TRUST-ANDROMEDA Investment Trust S.A. L. 3371/2005 Company, License: Hellenic Capital Market Commission Decision 5/192/6.6.2000, G.C.R: 003882701000 - 1 Aristeidou Street, 14561 Kifissia, Tel: +30 210 6289100, +30 210 6289341 www.andromeda.eu info@andromeda.eu @Alpha Trust Andromeda
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