Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — Q1 2026 Earnings Presentation
28 slides from Quest Holdings Sa's earnings presentation, May 20, 2026
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 3M 2026 Financial Results
Slide 2: 01. 3M 2026 Results
01. 3M 2026 Results Overview Financial Performance Outlook 2
Slide 3: Quest Group at a Glance (3M 2026)
Quest Group at a Glance (3M 2026) ▪ €366m Revenues 30 Countries 3.707 45 years ▪ €22m EBITDA International Activity Headcount (est. in 1981) ▪ €15m EBT ( ~26% of revenue) ▪ €382m Equity Active in : Revenues Track Record 2017 -2026 ▪ Commercial Activities1 € 244m ▪ Revenue CAGR 16% ▪ IT Services € 80
Slide 4: 3M 2026 Highlights
Quest Group 1 3M 2026 Highlights Significant increase across all P&L line items (+11,4% Sales, +4,3% EBITDA, +10% EBT) 2 Strong demand for IT services. 3 ACS sales grow at a double-digit pace, faster than e-commerce market. 4 Commercial Segment growth coming from all major segments, despite the weak
Slide 5: P&L (3M 2026)
P&L (3M 2026) Amounts in ‘000 € 3M 2026 YoY % YoY % 3M 2025 Cont. Continued Discontinue Total Operat. Total Total Operations d operations Sales 365.506 326.258 1.772 328.030 Explanations/Clarifications: 12,0% 11,4% EBITDA 22.125 12,5% 4,3% 19.676 1.529 21.204 % sales 6,1% 6,0% 86,3% 6,5% ▪ Sales and
Slide 6: P&L (3M 2026)
P&L (3M 2026) Amounts in ,000 € EBITDA 25.000 9,2% 9,5% 8,5% 10,0% 8,5% 9,0% 20.000 7,3% 7,1% 6,8% 8,0% 400.000 6,2% 6,5% 6,1% 7,0% 2025 VS 2016 SALES 350.000 15.000 6,0% +215% 5,0% 10years CAGR 300.000 10.000 4,0% 3,0% +14% 250.000 10.691 11.845 12.559 18.368 16.878 19.468 18.649 21.204 22.125 2025
Slide 7: Balance sheet (3M 2026)
Balance sheet (3M 2026) Amounts in ‘000 € Group Balance Sheet 3M 2026 12M 2025 Tangible & intangible assets 120.670 121.566 Right-of-use assets 43.133 41.701 Goodwill 47.064 47.064 Other 33.646 39.027 Non-current assets 244.513 249.358 Inventories 126.731 122.622 €907m €382m Trade & other receivable
Slide 8: Cash Flow (3M 2026)
Cash Flow (3M 2026) Amounts in ,000 € Group Cash Flow 3M 2026 3M 2025 EBT 15.249 13.861 Depreciation/Amortization 4.696 4.357 Interests Expense / (income) 2.531 3.005 WoC (Change in Inventories, Receivables, Payables) (30.346) (40.721) Tax paid (3.695) (1.145) Other operating activities (3.079) (3.2
Slide 9: Commercial Activities Segment
Commercial Activities Segment Info/Overview 3M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 3M 2026 YoY % 3M 2025 ▪ €1.029m revenue in 2025 Sales 245.117 9% 225.433 ▪ 40%+ of ICT distribution Market in Greece EBITDA 8.202 5% 7.781 ▪ Apple’s and Xiaomi’s V
Slide 10: IT Services Segment
IT Services Segment Info/Overview 3M Financial Results ▪ Leading IT integrator in domestic market ▪ €268m revenue in 2025 Amount in ,000€ 3M 2026 YoY % 3M 2025 ▪ 30+ countries of operations Sales 79.963 23% 64.790 EBITDA 7.126 15% 6.194 ▪ ~46% International revenues mainly within EU % sales 8,9% 9,6
Slide 11: Courier & Postal Segment
Courier & Postal Segment Info/Overview 3M Financial Results ▪ Largest Local Courier operator in Greece (~ 24% Μ. Share ) Amount in ,000€ 3M 2026 YoY % 3M 2025 ▪ €163m revenue in 2025 Sales 40.161 12% 35.917 ▪ Leading Alternative Postal Operator in Greece (~4% Μ. Share) EBITDA 7.108 19% 5.957 ▪ 50+m
Slide 12: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 3M Financial Results Continued operations Discontinued operations Total operations ▪ Quest Energy owned during 2025 24 photovoltaic parks with > 39MW power. 20 of these, totaling 37 MW, were Amount in ,000€ 3M 2026 3M 2025 3M 2026 3M 2025 3M 2026 YoY %
Slide 13: Segment Contribution in Sales & Ebitda (3M 2026)
Segment Contribution in Sales & Ebitda (3M 2026) Amounts in ,000 € Commercial Courier & IT Services Energy & Other Total Group Activities Postal 40.161 245.117 79.963 266 11,0% 0,1% 21,9% Sales 365.506 67,1% 8.202 7.126 7.108 -312 Ebitda 32,1% -1,4% 32,2% 37,1% 22.124 EBITDA -117% 6,1% 3,3% 8,9% 17,
Slide 14: Segment Analysis 3M 2026
Segment Analysis 3M 2026 Amounts in ,000 € Discontinued 3M 2026 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 284.383 80.480 40.291 266 - 405.419 - 405.419 Inter-segment sales (39.266) (518)
Slide 15: Segment Outlook
Segment Outlook Commercial Activities IT Services ▪ Sales and profits are estimated to continue to grow at ▪ Initial estimation for 2026 includes growth in sales a double digit pace during 2026, driven by strong similar profitability vs 2025. demand and continuing investments on digital transformati
Slide 16: 2026 Outlook
Group Outlook Initial Estimations include modest growth in sales and similar EBITDA and EBT vs 2025 1 due to the divestment from most energy sector assets. In continuing operations, modest 2026 Outlook growth in both sales and profitability is estimated. 2 Commercial sector expanding despite the wea
Slide 17: 02. Appendix
02. Appendix Other Corporate info More Financial Data 17
Slide 18: 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 19: 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 20: 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 21: Resilience in challenging times
Resilience in challenging times Amounts in million € Sales Market Cap 1.600 900 1.400 800 1.200 700 1.000 600 800 500 600 400 400 300 200 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 2026 EB
Slide 22: Value Created to Investors
Value Created to Investors 9 2.900 Quest share value (€) Market Cap* 8 € 670m 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 2026 RoE (=EBT/Total Equity) 60,0% Treasury 40
Slide 23: Growth Drivers
Growth Drivers Mobility Cloud & IoT E-Commerce International Markets Commercial Networks Clima M&A Inorganic Growth 23
Slide 24: 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 25: 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 26: 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 27: 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 28: Thank you
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