Summary of Financial Results (Group) (group summary of financial statements 1q 2026 en)

‌Statements for the

31 March 2026 for Grow

and Company

Summary of Financial Statements for the three-month period ended 31 March 2026

‌CONTENTS

1. Company Information 3

2. General Information 4

3. Interim Condensed Consolidated Statement of Financial Position 5

4. Interim Condensed Statement of Financial Position of the Company 6

5. Interim Condensed Consolidated Statement of Comprehensive Income 7

6. Interim Condensed Statement of Comprehensive Income of the Company 8

7. Interim Condensed Consolidated Statement of Changes in Equity 9

8. Interim Condensed Statement of Changes in Equity of the Company 10

9. Interim Condensed Consolidated Statement of Cash Flows 11

10. Interim Condensed Statement of Cash Flows of the Company 12

11. Notes to the Summary Consolidated and Company Financial Statements 13

1. ‌Company Information‌

   Directors	Spilios Livanos, Chairman - Non-Executive member
   	Andreas Shiamishis, Chief Executive Officer - Executive Member
   	Georgios Alexopoulos, Deputy Chief Executive Officer - Executive Member
   	Iordanis Aivazis, Senior Independent Director - Independent Non-Executive Member
   	Theodoros-Achilleas Vardas - Non-Executive Member
   	Nikolaos Vrettos - Independent Non-Executive Member
   	Stavroula Kampouridou - Independent Non-Executive Member
   	Constantinos Mitropoulos - Independent Non Executive Member
   	Anna Rokofyllou - Non Executive Member
   	Panagiotis Tridimas - Independent Non-Executive Member
   	Alkiviadis-Konstantinos Psarras - Non-Executive Member

   Registered Office	8A Chimarras Str
   	GR 151 25 - Marousi

   General Commercial Registry

   000296601000

   The Summary of Financial Statements for the three-month period ended 31 March 2026 for Group and Company from page 4 to page 21 are presented in €'000, unless otherwise stated, and have been approved by the Board of Directors of HELLENiQ ENERGY Holdings S.A. on 14 May 2026.

2. ‌General Information‌

   HELLENiQ ENERGY Holdings S.A. (the "Company") is the parent company of HELLENiQ ENERGY Group (the "Group"). The Company acts as a holding company and is providing administrative and financial services to its subsidiaries. The Group operates in the energy sector predominantly in Greece, as well as in the wider South Eastern Europe / East Mediterranean region. The Group's activities include refining and marketing of oil products, production and marketing of petrochemical products, and electricity generation through both renewable energy sources and natural gas-fired units, as well as electricity and natural gas trading & supply. The Group is also active in exploration for hydrocarbons and provides engineering services.

   The parent company is incorporated in Greece with an indefinite corporate life and the address of its registered office is 8A Chimarras Str., Marousi, 151 25. The shares of the Company are listed on the Athens Stock Exchange and the London Stock Exchange through Global Depositary Receipts (GDRs).

   The Summary of Financial Statements presented is not intended to meet the criteria of IAS 34 and does not constitute Interim Financial Reporting as defined by IAS 34. Nevertheless, the accounting policies applied in the preparation of the summary of financial statements are the same with the ones applied for the Annual Financial statements of the HELLENiQ ENERGY Group, for the year ended 31 December 2025 and can be found in the Company's website https://www.helleniqenergy.gr.

3. ‌Interim Condensed Consolidated Statement of Financial Position‌

   As at

   Αssets	Note	31 March 2026	31 December 2025
   Non-current assets
   Property, plant and equipment		4,281,186	4,155,354
   Right-of-use assets		293,384	281,253
   Intangible assets		617,166	524,203
   Investments in associates and joint ventures		38,847	38,156
   Deferred income tax assets		120,421	107,755
   Investment in equity instruments		919	925
   Derivative financial instruments		33,368	32,564
   Loans, advances and long term assets		51,362	62,274
   		5,436,653	5,202,484
   Current assets
   Inventories		1,559,304	1,306,759
   Trade and other receivables		1,333,673	1,144,370
   Income tax receivable		54,428	45,650
   Derivative financial instruments		51,026	9,216
   Cash and cash equivalents		504,518	858,251
   		3,502,949	3,364,246
   Total assets		8,939,602	8,566,730
   Equity
   Share capital and share premium		1,020,081	1,020,081
   Reserves		391,749	361,352
   Retained Earnings		1,572,922	1,290,459
   Equity attributable to the owners of the parent		2,984,752	2,671,892
   Non-controlling interests		56,870	56,016
   Total equity		3,041,622	2,727,908
   Liabilities
   Non- current liabilities
   Interest bearing loans and borrowings	2	3,031,274	2,777,046
   Lease liabilities		246,741	234,110
   Deferred income tax liabilities		187,231	180,386
   Retirement benefit obligations		157,892	157,834
   Derivative financial instruments		383	842
   Provisions		30,048	32,336
   Other non-current liabilities		66,109	65,356
   		3,719,678	3,447,910
   Current liabilities
   Trade and other payables		1,787,873	1,978,079
   Derivative financial instruments		22,337	8,190
   Income tax payable		177,847	81,234
   Interest bearing loans and borrowings	2	150,040	221,101
   Lease liabilities		38,767	40,580
   Dividends payable		1,438	61,728
   		2,178,302	2,390,912
   Total liabilities		5,897,980	5,838,822
   Total equity and liabilities		8,939,602	8,566,730

4. ‌Interim Condensed Statement of Financial Position of the Company‌

   As at

   Assets	Note	31 March 2026	31 December 2025
   Non-current assets
   Property, plant and equipment		917	977
   Right-of-use assets		5,935	6,620
   Intangible assets		12	13
   Investments in subsidiaries, associates and joint ventures		2,117,896	2,110,996
   Deferred income tax assets		8,684	8,968
   Loans, advances and long term assets		180,524	167,174
   		2,313,968	2,294,748
   Current assets
   Trade and other receivables		169,296	129,728
   Income tax receivables		2,407	2,407
   Cash and cash equivalents		1,732	6,483
   		173,435	138,618
   Total assets		2,487,403	2,433,365
   Equity
   Share capital and share premium		1,020,081	1,020,081
   Reserves		327,992	327,446
   Retained Earnings		1,092,953	968,247
   Total equity		2,441,026	2,315,774
   Liabilities
   Non-current liabilities
   Lease liabilities		2,444	3,238
   		2,444	3,238
   Current liabilities
   Trade and other payables		38,810	47,789
   Income tax payable		85	1,279
   Lease liabilities		3,599	3,557
   Dividends payable		1,439	61,728
   		43,933	114,353
   Total liabilities		46,377	117,591
   Total equity and liabilities		2,487,403	2,433,365

5. ‌Interim Condensed Consolidated Statement of Comprehensive Income‌

   For the three month period ended

   Note	31 March 2026	31 March 2025
   Revenue from contracts with customers 1	2,718,262	2,732,822
   Cost of sales	(2,129,663)	(2,529,738)
   Gross profit / (loss)	588,599	203,084
   Selling and distribution expenses	(127,046)	(104,988)
   Administrative expenses	(60,814)	(52,124)
   Exploration and development expenses	(2,713)	(518)
   Other operating income and other gains	12,188	7,854
   Other operating expense and other losses	(5,514)	(10,496)
   Operating profit / (loss)	404,700	42,812
   Finance income	4,503	2,288
   Finance expense	(30,876)	(31,137)
   Lease finance cost	(2,620)	(2,576)
   Currency exchange gains / (losses)	(4,890)	(2,518)
   Share of profit / (loss) of investments in associates and joint ventures	694	8,480
   Profit / (loss) before income tax	371,511	17,349
   Income tax (expense) / credit	(86,837)	(6,373)
   Profit / (loss) for the period	284,674	10,976
   Profit / (loss) attributable to:
   Owners of the parent	283,577	10,571
   Non-controlling interests	1,097	405
   	284,674	10,976
   Other comprehensive income / (loss):
   Other comprehensive income / (loss) that will not be reclassified to profit or loss (net of tax):
   Changes in the fair value of equity instruments	(5)	42
   	(5)	42
   Other comprehensive income / (loss) that may be reclassified subsequently to profit or loss (net of tax):
   Fair value gains / (losses) on cash flow hedges	29,392	(1,381)
   Currency translation differences and other movements	221	(234)
   	29,613	(1,615)
   Other comprehensive income / (loss) for the period, net of tax	29,608 (1,573)
   Total comprehensive income / (loss) for the period	314,282	9,403
   Total comprehensive income / (loss) attributable to:
   Owners of the parent	313,428	9,019
   Non-controlling interests	854	384
   	314,282	9,403
   Εarnings / (losses) per share (expressed in Euro per share)	0.93	0.03

6. ‌Interim Condensed Statement of Comprehensive Income of the Company‌

   For the three month period ended

   	Note	31 March 2026	31 March 2025
   Revenue from contracts with customers		11,804	9,881
   Cost of sales		(10,731)	(8,983)
   Gross profit / (loss)		1,073 898
   Administrative expenses		(1,605)	(1,604)
   Other operating income and other gains		6,349	6,323
   Other operating expense and other losses		(6,239)	(6,435)
   Operating profit /(loss)		(422) (818)
   Finance income		1,473	3,337
   Finance expense		(10)	(9)
   Lease finance cost		(58)	(65)
   Currency exchange gain / (loss)		-	5
   Dividend income		124,006	176,364
   Profit / (loss) before income tax		124,989 178,814
   Income tax (expense) / credit		(284)	(674)
   Profit / (loss) for the period		124,705 178,140
   Other comprehensive income / (loss) for the year, net of tax		-	-
   Total comprehensive income / (loss) for the period		124,705 178,140

7. ‌Interim Condensed Consolidated Statement of Changes in Equity‌

   Attributable to owners of the Parent

   	Note	Share Capital & Share premium	Reserves	Retained Earnings	Total	Non-controlling Interest	Total Equity
   Balance at 1 January 2025	1,020,081		326,690	1,360,168	2,706,939	55,283	2,762,222
   Other comprehensive income / (loss)	-		(1,563)	-	(1,563)	(10)	(1,573)
   Profit / (loss) for the period	-		-	10,571	10,571	405	10,976
   Total comprehensive income / (loss) for the period	-		(1,563)	10,571	9,008	395	9,403
   Other equity movements	-		-	(447)	(447)	-	(447)
   Balance as at 31 March 2025	1,020,081		325,127	1,370,292	2,715,500	55,678	2,771,178
   Balance at 1 January 2026	1,020,081		361,352	1,290,459	2,671,892	56,016	2,727,908
   Changes of the fair value of equity investments	-		(5)	-	(5)	-	(5)
   Fair value gains / (losses) on cash flow hedges	-		29,540	-	29,540	(148)	29,392
   Currency translation differences and other movements	-		316	-	316	(95)	221
   Other comprehensive income / (loss)	-		29,851	-	29,851	(243)	29,608
   Profit / (loss) for the period	-		-	283,577	283,577	1,097	284,674
   Total comprehensive income / (loss) for the period	-		29,851	283,577	313,428	854	314,282
   Share based payments	-		546	-	546	-	546
   Other equity movements	-		-	(1,114)	(1,114)	-	(1,114)
   Balance as at 31 March 2026	1,020,081		391,749	1,572,922	2,984,752	56,870	3,041,622

8. ‌Interim Condensed Statement of Changes in Equity of the Company‌

   	Note	Share Capital & Share premium	Reserves	Retained Earnings	Total
   Balance at 1 January 2025	1,020,081		313,411	950,276	2,283,768
   Profit / (loss) for the period	-		-	178,140	178,140
   Total comprehensive income / (loss) for the period	-		-	178,140	178,140
   Balance as at 31 March 2025	1,020,081		313,411	1,128,416	2,461,908
   Balance at 1 January 2026	1,020,081		327,446	968,247	2,315,774
   Profit / (loss) for the period	-		-	124,705	124,705
   Total comprehensive income / (loss) for the period	-		-	124,705	124,705
   Share based payments	-		546	-	546
   Balance as at 31 March 2026	1,020,081		327,992	1,092,952	2,441,025

9. ‌Interim Condensed Consolidated Statement of Cash Flows‌

   For the three month period ended

   	Note	31 March 2026	31 March 2025
   Cash flows from operating activities
   Cash generated from operations 3		(225,117)	(292,900)
   Income tax (paid) / received		(4,818)	(228,479)
   Net cash generated from/ (used in) operating activities		(229,935)	(521,380)
   Cash flows from investing activities
   Purchase of property, plant and equipment & intangible assets		(151,426)	(65,978)
   Acquisition of subsidiary		(29,927)	-
   Proceeds from disposal of property, plant and equipment & intangible assets		5,842	-
   Acquisition of share of associates and joint ventures		-	(75)
   Cash and cash equivalents of acquired subsidiaries		1,775	-
   Grants received		-	118
   Interest received		2,853	2,288
   Prepayments for right-of-use assets		-	(182)
   Proceeds from disposal of investments in debt instruments		10,912	-
   Net cash generated from/ (used in) investing activities		(159,971)	(63,829)
   Cash flows from financing activities
   Interest paid on borrowings		(26,089)	(32,141)
   Dividends paid to shareholders of the Company		(61,038)	(60,293)
   Proceeds from borrowings 2		575,455	690,001
   Repayments of borrowings 2		(437,217)	(102,343)
   Payment of lease liabilities - principal		(13,083)	(12,062)
   Payment of lease liabilities - interest		(2,620)	(2,576)
   Net cash generated from/ (used in) financing activities		35,408	480,586
   Net increase/ (decrease) in cash and cash equivalents		(354,498)	(104,623)
   Cash and cash equivalents at the beginning of the period		858,251	618,055
   Exchange (losses) / gains on cash and cash equivalents		765	(241)
   Net increase / (decrease) in cash and cash equivalents		(354,498)	(104,623)
   Cash and cash equivalents at end of the period		504,518	513,191

10. ‌Interim Condensed Statement of Cash Flows of the Company‌‌‌

    For the three month period ended

    Note	31 March 2026	31 March 2025
    Cash flows from operating activities
    Cash generated from / (used in) operations 3	14,685	10,874
    Income tax (paid) / received	(1,194)	3,178
    Net cash generated from / (used in) operating activities	13,492	14,052
    Cash flows from investing activities
    Purchase of property, plant and equipment & intangible assets	-	(27)
    Participation in share capital increase of subsidiaries, associates and joint ventures	(22,050)	(2,400)
    Loans and advances to Group Companies	(6,000)	(55,730)
    Interest received	2,923	6,864
    Dividends received	68,892	99,205
    Net cash generated from / (used in) investing activities	43,765	47,912
    Cash flows from financing activities
    Dividends paid to shareholders of the Company	(61,038)	(60,293)
    Payment of lease liabilities - principal	(901)	(652)
    Payment of lease liabilities - interest	(68)	(65)
    Net cash generated from / (used in) financing activities	(62,007)	(61,010)
    Net increase / (decrease) in cash and cash equivalents	(4,751)	955
    Cash and cash equivalents at the beginning of the period	6,483	3,714
    Net increase / (decrease) in cash and cash equivalents	(4,751)	955
    Cash and cash equivalents at end of the period	1,732	4,669

11. ‌Notes to the Summary Consolidated and Company Financial Statements

    1. Segment Information

       Group's Executive Committee reviews the Group's internal reporting in order to assess performance and allocate resources. Management has determined the operating segments based on these reports. The committee assesses performance taking into account a number of measures which may vary depending on the nature and evolution of a business segment by taking into account the risk profile, cash flow, product and market considerations.

       Financial information regarding the Group's operating segments for the three month period ended 31 March 2026 and 31 March 2025 is presented below:

       For the period ended 31 March 2026

       	Refining	Marketing	Exploration & Production	Petrochemicals	Power	Other	Total
       Gross Sales	2,098,883	1,159,667	-	63,978	407,703	30,221	3,760,452
       Inter-segmental Sales	(954,191)	(4,288)	-	-	(54,193)	(29,518)	(1,042,190)
       Revenue from contracts with customers	1,144,692	1,155,378	-	63,978	353,510	703	2,718,262
       EBITDA	388,356	47,882	1,291	369	36,952	1,091	475,941
       Depreciation & Amortisation (PPE & Intangibles)	(32,726)	(12,264)	(43)	(1,437)	(9,448)	(2,285)	(58,203)
       Depreciation of Right-of-Use assets	(935)	(9,484)	(51)	(960)	(1,200)	(408)	(13,038)
       Operating profit / (loss)	354,695	26,134	1,197	(2,028)	26,304	(1,602)	404,700
       Currency exchange gains / (losses)	(5,290)	437	-	3	(107)	67	(4,890)
       Share of profit / (loss) of investments in associates & joint ventures	42	652	-	-	-	-	694
       Finance (expense) / income -net	(16,965)	(1,340)	-	(1,058)	(6,227)	(783)	(26,373)
       Lease finance cost	(129)	(2,347)	(5)	(24)	(159)	44	(2,620)
       Profit / (loss) before income tax	332,353	23,536	1,192	(3,107)	19,811	(2,274)	371,511
       Income tax expense							(86,837)
       Profit / (loss) for the period							284,674
       (Profit)/ loss attributable to non-controlling interests							(1,097)
       Profit / (loss) for the period attributable to the owners of the parent							283,577

       For the period ended 31 March 2025

       	Refining	Marketing	Exploration & Production	Petrochemicals	Power	Other	Total
       Gross Sales	2,407,316	1,056,749	-	76,043	16,518	28,434	3,585,060
       Inter-segmental Sales	(820,944)	(3,203)	-	-	(533)	(27,558)	(852,238)
       Revenue from contracts with customers	1,586,372	1,053,546	-	76,043	15,985	876	2,732,822
       EBITDA	79,938	24,492	(1,936)	6,486	11,097	2,324	122,401
       Depreciation & Amortisation (PPE & Intangibles)	(42,935)	(12,416)	(45)	(1,885)	(6,223)	(5,080)	(68,584)
       Depreciation of Right-of-Use assets	(1,070)	(8,788)	(48)	(1,075)	(252)	228	(11,005)
       Operating profit / (loss)	35,933	3,288	(2,029)	3,526	4,622	(2,528)	42,812
       Currency exchange gains / (losses)	(2,252)	(258)	-	(3)	(4)	(1)	(2,518)
       Share of profit of investments in associates & joint ventures	(37)	597	-	-	7,920	-	8,480
       Finance (expense) / income -net	(20,737)	(2,069)	-	(1,156)	(5,545)	658	(28,849)
       Lease finance cost	(90)	(2,254)	(2)	(19)	(244)	33	(2,576)
       Profit / (loss) before income tax	12,817	(696)	(2,031)	2,348	6,749	(1,838)	17,349
       Income tax expense							(6,373)
       Profit / (loss) for the period							10,976
       (Profit) / loss attributable to non-controlling interests							(405)
       Profit / (loss) for the period attributable to the owners of the parent							10,571

       • Other segment relates to Group entities, which provide management, IT, treasury and real estate services and includes inter-segment eliminations

       • EBITDA is calculated as Operating profit/(loss) per the statement of comprehensive income plus depreciation (PPE & RoU assets) and amortisation (Intangible assets)

       There has been no material change in the definition of segments or the segmental analysis of total assets or total liabilities from the amounts disclosed in the consolidated annual financial statements for the year ended 31 December 2025.

       An analysis of the Group's revenue from contracts with external customers by type of market (domestic, aviation & bunkering, exports and international activities) and business segment is presented below:

       Group For the period ended 31 March 2026

       Revenue from contracts with customers	Refining	Marketing	Petrochemicals	Power	Other	Total
       Domestic	387,975	566,635	25,516	327,527	694	1,308,346
       Aviation & Bunkering	144,278	159,602	-	-	-	303,880
       Exports	612,439	-	38,462	25,512	-	676,413
       International activities	-	429,141	-	471	9	429,621
       Total	1,144,692	1,155,378	63,978	353,510	703	2,718,262

       Group For the period ended 31 March 2025

       Revenue from contracts with customers	Refining	Marketing	Petrochemicals	Power	Other	Total
       Domestic	402,006	556,619	29,079	15,985	873	1,004,563
       Aviation & Bunkering	146,763	149,805	-	-	-	427,560
       Exports	1,037,603	-	46,963	-	-	953,574
       International activities	-	347,122	-	-	3	347,125
       Total	1,586,372	1,053,546	76,043	15,985	876	2,732,822

    2. ‌Interest Bearing Loans and Borrowings

       Group As at

       Non-current interest bearing loans and borrowings	31 March 2026	31 December 2025
       Committed Credit facilities	1,712,755	1,453,886
       Committed Term Loans	583,065	588,073
       Eurobonds	444,684	444,316
       	2,740,504	2,486,275
       Committed term loans (Project Finance)	290,770	290,770
       Total non-current interest bearing loans and borrowings	3,031,274	2,777,046
       Current interest bearing loans and borrowings
       Committed credit facilities	2,947	11,783
       Committed term loans	11,153	11,153
       Uncommitted Revolving credit facilities	116,540	178,766
       	130,641	201,702
       Committed term loans (Project Finance)	19,399	19,399
       Total current interest bearing loans and borrowings	150,040	221,101
       Total interest bearing loans and borrowings	3,181,314	2,998,146

       Borrowings of the Group net of unamortised finance fees by maturity as at 31 March 2026 and 31 December 2025 are summarised in the table below (amounts in € million):

       Balaance as at

       	Company	Maturity	31 March 2026	31 December 2025
       €200 million RCF Jun 2027	HELLENiQ PETROLEUM S.A.	Jun. 2027	200	200
       €30 million RCF Dec 2027	EKO Bulgaria	Dec. 2027	9	9
       €400 million Syndicated RCF Jun 2028	HELLENiQ PETROLEUM S.A.	Jun. 2028	398	398
       €400 million RCF Jun 2028	HELLENiQ PETROLEUM S.A.	Jun. 2028	385	228
       €50 million RCF Jul 2028	EKO ABEE	Jul. 2028	50	50
       €40 million RCF Jul 2029	EKO ABEE	Jul. 2029	40	40
       €400 million RCF Nov 2030	HELLENiQ PETROLEUM S.A.	Nov. 2030	399	398
       €400 million Syndicated RCF Dec 2030	HELLENiQ PETROLEUM S.A.	Dec. 2030	48	-
       €85 million RCF Mar 2031	HELLENiQ PETROLEUM S.A.	Mar. 2031	85	85
       €400 million May 2029	HELLENiQ PETROLEUM S.A.	May. 2029	397	398
       €130 million Syndicated Jul 2030	ENERWAVE S.A.	Jul. 2030	124	129
       €30 million Syndicated RRF Dec 2037	HELLENiQ ENERGY DIGITAL SINGLE MEMBER S.A.	Dec. 2037	23	23
       €50 million Dec 2039	HELLENiQ ENERGY REAL ESTATE S.A.	Dec. 2039	49	49
       €450 million Eurobond	HELLENIQ ENERGY FINANCE PLC	Jul. 2029	445	444
       €80 million PF Evia -Framework Agreement	HELLENiQ RENEWABLES WIND FARMS OF EVIA SINGLE MEMBER S.A.	Dec. 2039	65	65
       €80 million PF Mani-Framework Agreement	HELLENiQ RENEWABLES WIND FARMS OF MANI SINGLE MEMBER S.A.	Dec. 2040	75	75
       €133 million PF Kozilio 1 -Framework Agreement	KOZILIO ENA SINGLE MEMBER S.A.	Jun. 2042	114	114
       €75 million PF KOZILIO PRIME S.A.	KOZILIO PRIME S.A.	Jun. 2042	57	57
       €16 million PF HELPE ENERGY FINANCE	HELPE ENERGY FINANCE CYPRUS LTD	Dec. 2043	-	-
       €150 million Oct 2030	HELLENiQ RENEWABLES S.A.	Oct. 2030	80	58
       €99 million Dec 2027	HELLENiQ RENEWABLES S.A.	Dec. 2027	24	4
       Uncommitted revolving credit facilities	Various	Various	116	179
       Unamortised fees of undrawn loans	Various	Various	-	(3)
       Total			3,181	2,998

       No loans were in default as at 31 March 2026 (none as at 31 December 2025).

       Any unamortised finance fees, relating to loans that were refinanced within 2026 and meeting the criteria to be treated as extinguishments, in accordance with the Group's accounting policy, impacted the Group's statement of comprehensive income.

       The table below presents the changes in Borrowings arising from financing activities:

       Cash flows

       -

       01 January borrowings 2026 (inflows)

       Cash flows -borrowings through

       acquisition Cash flows

       Change in

       Current Reclassification

       of

       -

       Portion of

       between

       subsidiary borrowings Cash flows Long term (inflows) (outflows) - fees debt

       Current & Non-

       Non cash

       Group

       current movements

       31 March

       2026

       Current interest-bearing loans and borrowings

       Non-current interest-bearing loans and borrowings

       221,101

       13,057

       - (76,366)

       -

       (573)

       (8,836)

       1,657 150,040

       2,777,046

       562,397

       35,651

       (360,851)

       75

       573

       8,836

       7,547

       3,031,274

       Total

       2,998,147 575,454

       35,651 (437,217)

       75

       -

       -

       9,204 3,181,314

       Group	01 January 2025	Cash flows -borrowings through Cash flows acquisition - of borrowings subsidiary (inflows) (inflows)		Cash flows - borrowings (outflows)	Cash flows - fees	Change in Current Portion of Long term debt	Reclassification between Current & Non- current	Non cash movements	31 December 2025
       Current interest-bearing loans and borrowings	240,893	216,203	-	(204,129)	-	14,425	(46,950)	659	221,101
       Non-current interest-bearing loans and borrowings	2,169,486	967,089	108,000	(497,584)	(4,822)	(14,425)	46,950	2,352	2,777,046
       Total	2,410,379	1,183,292	108,000	(701,713)	(4,822)	-	-	3,011	2,998,146

       "Cash flows -fees" column includes the finance fees paid and deferred against loans proceeds. "Non-cash movements" column includes the amortization of deferred borrowing costs.

       Structured Finance Transactions

       As of 31 March 2026 a total amount of €310 million (€310 million as of 31 December 2025) of non-recourse Project Finance Facilities is outstanding for four Group companies (HELLENiQ RENEWABLES WIND FARMS OF MANI S.A., HELLENiQ RENEWABLES WIND FARMS OF EVIA S.A. and KOZILIO ENA SINGLE MEMBER S.A., and

       KOZILIO PRIME S.A.). The above-mentioned Group of companies have to comply with a limited number of financial covenants (applicable only to the respective entities), typical for such type of structured financing transactions, under the relevant Project Finance agreements. Management monitors closely the performance of these subsidiaries to ensure compliance with the above covenants. The same also applies to the credit facility granted to HELLENiQ ENERGY REAL ESTATE.

       In March 2026 HELPE ENERGY FINANCE CYPRUS LIMITED entered into a new €16million Project Finance Facility maturing in December 2043. There is no outstanding amount as of 31 March 2026.

       Furthermore, these subsidiaries have provided to the lending banks a market standard comprehensive security package and securities which is typical for this kind of transactions.

       Significant developments in borrowings for the period ended 31 March 2026 are as follows:

       HELLENiQ PETROLEUM S.A.

       €400 million Revolving Credit Facility maturing in November 2030

       In March 2026, HELLENiQ PETROLEUM S.A. signed a revolving credit facility of )300 million maturing in November 2030 and amended the existing revolving credit facility of €400 million maturing in November 2030, so that the aggregate Nominal Amount outstanding under the two facilities does not exceed the Aggregate Commitment Limit of the equivalent of €400 million.The outstanding amount of the facility of 31 March 2026 was €260 million and )160 million, in total € equivalent 398 million.

       Bilateral facilities

       Group companies maintain committed and uncommitted credit facilities with various banks to finance general corporate needs which are renewed in accordance with the Group's finance needs.

    3. ‌Cash Generated from / (used in) Operations

       Group For the three month period ended

       Note	31 March 2026	31 March 2025
       Profit/ (loss) before tax	371,511	17,349
       Adjustments for:
       Depreciation and impairment of property, plant and equipment and right-of-use assets	67,313	72,362
       Amortisation and impairment of intangible assets	5,899	7,054
       Amortisation of grants	(290)	(408)
       Finance costs - net	28,993	31,425
       Share of operating profit of associates	(694)	(8,480)
       Provisions for expenses and valuation charges	13,468	2,861
       Foreign exchange (gains) / losses	4,890	2,518
       (Gains)/ Losses from discounting of long-term receivables and liabilities	(47)	(193)
       (Gains) / losses on sales of property, plant and equipment & intangible assets	(5,019)	50
       	486,024	124,539
       Changes in working capital
       (Increase) / decrease in inventories	(253,321)	(350,957)
       (Ιncrease) / decrease in trade and other receivables	(201,567)	84,465
       Increase / (decrease) in trade and other payables	(256,253)	(150,947)
       	(711,141)	(417,439)
       Net cash generated from operating activities	(225,117)	(292,900)

       Company For the three month period ended

       Note	31 March 2026	31 March 2025
       Profit/ (Loss) before tax	124,705	178,814
       Adjustments for:
       Depreciation and impairment of property, plant and equipment and right-of-use assets	887	705
       Amortisation and impairment of intangible assets	1	3
       Finance costs / (income) - net	(1,405)	(3,262)
       Provisions for expenses and valuation charges	870	246
       Dividend Income	(124,006)	(176,364)
       	1,052	141
       Changes in working capital
       (Ιncrease) / decrease in trade and other receivables	7,872	11,533
       Increase / (decrease) in trade and other payables	5,761	(799)
       	13,634	10,733
       Cash generated from / (used in) operating activities	14,685	10,874

    4. ‌Events Occurring after the Reporting Period‌

No significant events took place after the end of the reporting period and up to the date of the publication of the consolidated and Company financial statements.