Half-Year Results

Unaudited interim condensed consolidated financial statements for the six month period ended 30 June 2026

Page

Board of Directors and other officers 1

Declaration of the members of the Board of Directors and the Financial Controller of the

Company for the preparation of the interim condensed consolidated financial statements 2

Interim management report 3 - 5

Interim condensed consolidated statement of profit or loss and other comprehensive

income 6

Interim condensed statement of comprehensive income 7

Interim condensed statement of financial position 8 - 9

Interim condensed statement of changes in equity 10

Interim condensed statement of cash flows 11

Notes to the interim condensed consolidated financial statements 12 - 22

Pantelis M. Leptos (Chairman and Managing Director)

George M. Leptos (Substitute Chairman and Non-Executive Director) Ioannis Pantazis (Executive Director)

Andreas Demetriades (Non-Executive Director)

Andreas Iacovides (Non-Executive Director) (Resigned on 12 January 2026) Paris Gavriel (Non-Executive Director)

Savvas Michael (Non-Executive Director) Angelos Loizou (Non-Executive Director) Michalis Spyrou (Non-Executive Director) Giorgos Kiagias (Non-Executive Director)

Giorgos Foradaris (Non-Executive Director) (Appointed on 12 January 2026)

Stavros N. Leptos

91 Aggelou Terzaki Street, 2402 Egkomi

Cyprus

111 Apostolou Pavlou Avenue P.O.Box 60146

8046 Paphos Cyprus

Stavros N. Leptos

ΗΕ 18806

In accordance with Article 10 sections (3)(c) and (7) of the Transparency Requirements (Securities for Trading on Regulated Markets) Law of 2007 until 2016 (''Law''), we the members of the Board of Directors and the Financial Controller of Leptos Calypso Hotels Public Limited, responsible for the consolidated financial statements of Leptos Calypso Hotels Public Limited for the six months ended 30 June 2026 confirm that, based on our knowledge:

1. the unaudited interim condensed consolidated financial statements which are presented on pages 6 to 22:

   1. have been prepared in accordance with the IAS 34 ''Interim Financial Reporting'' as adopted by the European Union and in accordance with the provisions of Article 10, section (4) of the Law, and

   2. give a true and fair view of the assets and liabilities, the financial position and the profit or loss of the Group and the Company and the businesses that are included in the consolidated financial statements as a total, and

2. the interim management report of the Board of Directors provide fair review of the information required by the Article 10, section (6) of the Law.

Paphos, 28 September 2026

On 28 September 2026, the Board of Directors of the Company examined and approved the results of the Group Leptos Calypso Hotels Public Limited for the six month period ended 30 June 2026, which will be published on 29 September 2026.

The interim condensed consolidated financial statements, which have been prepared in accordance with the provisions of IAS 34 ''Interim Financial Reporting'', have not been audited by the external auditors of the Company.

The results of the Group are shown in the interim condensed consolidated statement of profit or loss and other comprehensive income on page 6.

The turnover of the Group for the first half of 2026 amounted to €14,62 million compared to €14,28 million during the corresponding period of 2025. This increase is due to the better occupancy of the Group's hotels as well as the improved pricing policy.

The Group's profit from operations for the first half of 2026 amounted to €445,46 thousand compared to a profit of

€300,49 thousand in the corresponding period last year which is a positive development. During the period, interest-bearing bank loans (principal and interest) of €3.2 million were repaid.

During the first half of 2026, the loss after tax amounted to €934,54 thousand compared to a loss of €1,26 million in the corresponding period of last year. The Group showed a loss after tax corresponding to the shareholders of the Company amounting to €930,60 million against a loss of €1,28 million during the corresponding period of 2025. The decrease in loss is mainly due to the increase in income and the decrease in financial expenses.

The results of the Group for the first six months period of 2026 for the Group are not representative for the entire year. The largest volume of hotel business is conducted during the main tourist season which falls in the second half of the Group's accounting year.

The net asset value of the Group, i.e. total equity (after deducting the interest of the non-controlling interest), amounts to €78,3 million (2025: €78,3 million) which on the total of 128.989.389 of issued shares, corresponds to 60,71 cents per share2025: 60,73 cents) (net position/total of shares issued). Par value is 34 cents per share (2025: 34 cents)

Plots 15 and 16 were included in investment property. The remaining balance of investment property as at 31 December 2025 amounted to €15.7 million.During 2026, the use of Plots 15 and 16 changed from properties held for investment purposes to properties being developed and/or prepared for sale in the ordinary course of business. Accordingly, properties amounting to €15.7 million were transferred from investment property to inventories.

The audited financial statements for 2025 described Karkavatsos & Sia Tourist Enterprises S.A. as a 50% indirect subsidiary through Fundacia Limited and Menzidakis & Sia Tourist Enterprises S.A. as a 50% indirect subsidiary through Iparen Limited.During 2026, the governance and decision-making arrangements changed such that the relevant activities became subject to joint control between the LCH side and Armonia, the other 50% shareholder. As a result, the respective companies ceased to be consolidated as subsidiaries and are accounted for as jointly controlled investments using the equity method, in accordance with the presentation adopted in the interim financial statements.

The Group's earnings before interest, tax, depreciation and amortisation, and impairment/revaluation of the fair value of financial investments and investment properties (EBITDA) increased by 19% for the period and amounted to €1.955.589 (2025: €1.646.496). The reconciliation of EBITDA to the directly related line items in the financial statements is as follows:

30 June 2026 30 June 2025

€ €

Operating profit 445.462 300.492

Depreciation 1.510.127 1.346.004

EBITDA 1.955.589 1.646.496

The principal risk and uncertainties faced by the Group are disclosed in Notes 4 and 5 of the interim condensed consolidated financial statements.The Cypriot economy, and particularly the tourism sector, continues to face challenges due to the Russia-Ukraine conflict, as well as the recent developments in the Middle East, including the conflict involving Israel and Iran. Total tourist arrivals in Cyprus during the first half of 2026 increased by 8% compared to the corresponding period of the previous year, although a significant number of visitors opted for accommodation outside the hotel sector.Unfortunately, cost increases have remained at high levels, particularly in relation to energy, the food supply chain and personnel costs. Management has adjusted upwards the accommodation rates at the Group's hotels to reflect the increased costs and has taken successful measures to improve hotel pricing and occupancy rates.

The future impact of these factors is difficult to predict, and Management's current forecasts and estimates may differ from the actual results. Although Management is unable to accurately predict the results for the year due to the uncertainty and the factors referred to above, the results to date, in terms of operating profit, are expected to be improved compared to 2025.

Definitions and use of Alternative Performance Measures (APMs)

Includes operating income less cost of sales of the group. Depreciation of property, plant and equipment as well as depreciation of right of use-assets are included in the cost of sales.

Includes the gross profit after deducting the following expenses: selling and marketing expenses, administrative expenses, impairment of trade receivables and non-operating other income.

Includes the operating profit less any financing costs.

It is the loss after tax.

The use of the above alternative performance measurement indicators is done with the aim of adequate justification in the Management Report of the configuration of the results during the period as well as the changes of the results in relation to the corresponding previous period.

The Group's activities expose it to a variety of financial risks: market risk (including fair value interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk.

The Group's risk management program focuses on the unpredictability of financial markets and seeks to minimise any potential adverse effects on the Group's financial performance. The Risk management is carried out by the Board of Directors. The Board of Directors identifies, evaluates and hedges financial risks in close co-operation with the Group's operating units.

It must be noted that the interim condensed consolidated financial statements do not include all the financial information and disclosures as required in the annual financial statements regarding the ''risk management'' and ''related party transactions'' and therefore these should be read in conjunction with the Group's annual financial statements for the year ended 31 December 2025. There were no changes to the risk management department or any risk management policies from the end of the year onwards.

As specified by IAS 24 ''Related Party Disclosures'', for the purposes of those interim condensed consolidated financial statements, the parties are considered to be related if one party has the ability to control the other party or to exercise significant influence over the financial or operational decisions of the other party. Further details are set out in Note 18.

The Company has not issued shares with special control rights. Analytical information in relation to the share capital of the Company is presented in Note 14 of the interim condensed consolidated financial statements.

As at 30 June 2026 there was no significant contract between the Group and other Directors or related parties who had a material interest.

Any significant events that occurred after the reporting period are described in Note 19 of the interim condensed consolidated financial statements.

Chairman and Managing Director

Paphos,

28 September 2026

30 June 2026 30 June 2025

Other income 467.943 69.338

Loss after tax for the period (934.543) (1.258.480)

- Basic and diluted (cents) 10(0,72) (0,99)

30 June 2026 30 June 2025

Equity holders of the Company (930.603) (1.282.197)

Non-controlling interest (3.940) 23.717

(934.543) (1.258.480)

30 June 31 December

2026 2025

Note € €

Property, plant and equipment 11 102.382.351 128.632.700

Right-of-use assets 12 2.570.516 2.927.964

Investment property - 15.700.000

Intangible assets - 8.528

Investment in a jointly controlled company 18.313.899 10.069.481

Trade and other receivables 13 5.723.222 4.275.515

Deferred tax assets 792.021 792.021

129.782.009 162.406.209

Total equity 78.309.823 86.661.846

30 June 31 December

On 28 September 2026 the Board of Directors of Leptos Calypso Hotels Public Limited authorised these interim condensed consolidated financial statements for issue.

Pantelis M. Leptos George M. Leptos

Chairman and Managing Director Substitute Chairman and Non-Executive Director

Interim condensed statement of changes in equity for the six month period ended 30 June 2026

Attributable to equity holders of the Company

At 30 June 2026 43.856.392 2.870.968 44.900.133 (13.317.672) 78.309.821 - 78.309.821

The notes on pages 12 to 22 form an integral part of these consolidated and separate financial statements.

10

Net decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the period

The notes on pages 12 to 22 form an integral part of these consolidated and separate financial statements.

1. Interim condensed consolidated financial statements

   The interim condensed consolidated financial statements have not been audited by the external auditors of the Company.

   On 28 September 2026, the Board of Directors of the Company examined and approved the results of the Group Leptos Calypso Hotels Public Limited for the six month period ended 30 June.

2. General information Country of incorporation

   Leptos Calypso Hotels Public Limited (the 'Company') was incorporated in Cyprus on 29 December 1982, as a private limited liability company in accordance with the provisions of the Cyprus Companies Law, Cap. 113 and changed legal form to that of a public company. On 29 March 1996 the Company's shares were listed on the Cyprus Stock Exchange.

   The Company's registered office is at 111 Apostolou Pavlou Avenue, CY 8046 Paphos, Cyprus. The Company and its subsidiaries together are referred to as ''Group''.

   Principal activities

   The principal activities of the Group, which are unchanged from last year, are the ownership and management of hotels and tourist resorts in Cyprus and Greece.

   Operating environment of the Group

   There were no significant changes on 30 June 2026 regarding the disclosed operating environment in the Group's consolidated financial statements for the year ended 31 December 2025.

3. Summary of significant accounting policies

   The accounting policies that have been used in preparing these interim condensed consolidated financial statements are consistent with those used in the annual consolidated financial statements for the year ended 31 December 2025.

   Basis of preparation

   The interim condensed consolidated financial statements for the six month period ended 30 June 2026 have been prepared in accordance with International Accounting Standard 34, '''Interim Financial Reporting''' as adopted by the European Union (EU). The interim condensed consolidated financial statements must be read in conjunction with the consolidated financial statements for the year ended 31 December 2025 which have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (EU - IFRS) and the requirements of the Cyprus Companies Law, Cap. 113. This set of financial statements represents an English translation of the original which have been prepared in Greek. In the event of any inconsistency between the Greek text and the English translation, the Greek text shall prevail.

   Adoption of new and revised IFRSs

   After issuance of the annual consolidated financial statements for the year ended 31 December 2025 until today there were no new issued standards and modifications that could bring significant changes in the accounting policies of the Group.

4. Financial risk management

The interim condensed consolidated financial statements do not include all financial risk management information and disclosures required in the annual financial statements and they should be read in conjunction with the Group's annual financial statements as at 31 December 2025. There have been no changes in risk management department or in any risk management policies since the year end.

1. Financial risk management (continued)
   1. Financial risk factors

      The Group's activities expose it to a variety of financial risks. The Group's overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group's financial performance. Risk management is carried out by the Board of Directors.

   2. Fair value estimation

      The table below analyses financial instruments carried at fair value by valuation method. The different levels have been identified as follows:

      • Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1).

      • Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2).

      • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3).

        The following table presents the Group's assets that are measured at fair value at 30 June 2026 and 31 December 2025.

        31 December

        30 June 2026 2025

        Assets

        Financial assets at fair value through profit or loss

        Level 3 Level 3

        € €

        - Equity securities 30.000 30.000

        Total assets measured at fair value 30.000 30.000

        There were no transfers between Levels 1, 2 and 3 during the period. Note that all of the resulting fair value estimates are included in Level 3.

        1. Financial instruments in level 3

           The fair value of Level 3 investments which relate to equity securities is determined based on the sales comparable method with regards to the properties held by the investments. The higher the selling price, the higher the fair value.

           The carrying amount less provision for trade receivables and payables approximates their fair value. The fair value of financial liabilities is calculated based on the discounted future cash flows using the existing market interest rate which is available to the Group for similar financial instruments.

        2. Offsetting financial assets and liabilities

           The Group does not have any financial assets or financial liabilities that are subject to offsetting, enforceable master netting arrangements or any similar agreements.

   3. Classification and measurement of financial assets and financial liabilities measured at amortised cost

      The fair value of the following financial assets and liabilities approximate their carrying amount:

      • Trade and other receivables

      • Cash and cash equivalents

      • Trade and other payables

      • Bank overdrafts

      • Secured bank and other loans

2. Critical accounting estimates and judgements

The accounting estimates and judgements are assessed on a continuous basis and are based on historical experience and other factors, including expectations that relate to future events that are considered to be reasonable under the circumstances.

1. Critical accounting estimates and judgements (continued)

   The Group makes estimates and assumptions concerning the future. As a result, the accounting estimates rarely equal to the actual results.

   In preparing these interim condensed consolidated financial statements, the significant estimates made by the Management of the Group for the implementation of the Group's accounting policies and significant estimates and assumptions were applied as in the consolidated financial statements for the year ended 31 December 2025.

   Basis of consolidation

   The Company holds a 50% interest in the share capital of Karkavatsos & Sia Tourist Enterprises S.A. through its subsidiary Fundacia Limited, a 49.35% interest in the share capital of Tourist Enterprises Mentzidakis & Sia S.A. through its subsidiary Iparen Limited, and a 50% interest in the share capital of Orchord Corporations Properties

   S.A. through its subsidiary Orchord Corporation Limited.

   The remaining 50% of the share capital of these subsidiaries is held by Armonia Estates Limited, which is the principal shareholder of the Company and is jointly owned by Mr. Pantelis M. Leptos and Mr. George M. Leptos.

   The audited financial statements for 2025 described Karkavatsos & Sia Tourist Enterprises S.A. as a 50% indirect subsidiary through Fundacia Limited and Menzidakis & Sia Tourist Enterprises S.A. as a 50% indirect subsidiary through Iparen Limited.During 2026, the governance and decision-making arrangements changed such that the relevant activities became subject to joint control between the LCH side and Armonia, the other 50% shareholder. As a result, the respective companies ceased to be consolidated as subsidiaries and are accounted for as investments in jointly controlled entities using the equity method, in accordance with the presentation adopted in the interim financial statements.

2. Nature of operations

   The conflict in the Middle East, which commenced in Israel on 7 October 2023, followed by the Iranian war, which continues to date, has had an adverse impact on the tourism industry, particularly during the initial months of the tourist season (March, April and May), when we experienced a significant number of cancellations as well as reduced bookings throughout the tourist season.In addition, the cost structure has been adversely affected, particularly by the increase in interest rates resulting from inflationary pressures and higher energy costs.

   The Management is not able to predict all the developments that could have an impact on the economy of Cyprus and consequently, what effect, if any, could have on the future financial performance, cash flows and financial position of the Group

   Based on the evaluation made, the Management estimates that it takes all the necessary measures to maintain the viability of the Group and the corresponding conduct of its operations in the current business and financial environment.

3. Segmental reporting

   The operating segments are presented on the basis of internal information that is being provided to the Group's Board of Directors (the highest level where operating decisions are taken). The Group's Board of Directors is responsible for the distribution of resources in the reported segments and the evaluation of their performance.

   The Group has prepared the analysis of reporting segments in accordance with IFRS 8 ''Operating Segments''.

   Description of the main segments and their operations

   According to Management's approach regarding IFRS 8, the operating segments are presented on the basis of internal information that is being provided to the Board of Directors (the highest level where operating decisions are taken), which is responsible for the distribution of resources in the reported segments and the evaluation of their performance. All operating segments used by the Group meet the definition of reporting segment in accordance with IFRS 8.

   The Board of Directors identified the following three main operating segments, considering both the principal activities of the Group and the country in which they operate:

   • Hotel operations - Cyprus: The hotel operations in Cyprus comprise of the Company's hotel units, Coral Beach Hotel & Resort and Thalassa Coral Bay, both located in Paphos and the activities of the subsidiary, Vesta Tourist Management Limited, which is renting and managing tourist resorts in Paphos.

   • Hotel operations - Greece: The hotel operations in Greece comprise of the hotel of the indirect subsidiary, Karkavatsos & Co Touristikes Epichirisis S.A, ''Panorama Hotel'' located in Chania, Crete.

   • Ownership of land: This operating segment comprises of investment property.

The main segments of the Group for which a segmental analysis is provided are the hotel operations and the ownership of land. All the operating segments of the Group are based in Cyprus and Greece (through indirect subsidiary companies of the Group).

The Management of the Group, assesses the performance of the operating segments based on profit/(loss) before interest, tax, depreciation, amortisation and impairment (EBITDA).

This measurement excludes the effects of non-recurring expenditure from the operating segments, such as provisions for restructuring costs, legal expenses and impairment when the impairment is the result of an isolated, non-recurring event. Interest income and expenditure are not included in the result for each operating segment. Other information provided, except as noted below, are accounted for in accordance with the consolidated financial statements.

The segment results for the six months ended 30 June 2026 and 2025 are as follows:

30 June 2025 Hotel

The turnover for hotel facilities in Cyprus through the companies Leptos Calypso Hotels Public Limited and Vesta Tourist Management Limited amounts to €12.958.900 (2025: €12.635.070).

Of the Group's total revenue for the period 2026, approximately 20% ( 2025: 54%) relates to income derived from cooperation with three major tour operators, which individually exceeded 5% of total revenue .

Assets and liabilities per segment at 30 June 2026 for the six months then ended are as follows:

Assets 135.964.000 135.964.000 135.964.000

Liabilities 58.917.877 58.917.877 58.917.877

The assets and liabilities per segment at 31 December 2025 and the capital expenditure per segment for the six months ended at this date are as follows:

Assets 116.796.903 28.693.129 145.490.032 15.700.000 161.190.032

Liabilities 57.348.524 5.158.040 62.506.564 - 62.506.564

Assets per segment differ from the total assets as per the consolidated balance sheet as follows:

Investment in a jointly controlled entity 18.313.899 10.069.481 Total assets as per consolidated statement of financial position 155.454.091 172.081.534

1. Segmental reporting (continued) Results per segment (continued)

   Liabilities per segment differ from the total liabilities as per the consolidated balance sheet as follows:

   31 December

   30 June 2026 2025

   € €

   Total liabilities from reportable operating segments 58.917.877 62.475.112

   Deferred income tax liabilities 18.226.111 22.710.095

   Current tax liabilities 278 234.481

   Total liabilities as per consolidated statement of financial position 77.144.268 85.419.688

2. Cost of sales

   	30 June 2026	30 June 2025
   	€	€
   Changes in inventories of finished goods and work in progress	2.160.172	2.380.536
   Staff costs	5.899.040	5.818.014
   Electricity, fuel, water, sewage and municipality taxes	1.161.169	1.138.239
   Cleaning expenses	408.922	360.810
   Repairs and maintenance	558.861	451.451
   Other expenses	646.759	394.015
   Consumption expenses	154.084	114.729
   Depreciation on property, plant and equipment and right of use assets (Note 11,12)	1.510.127	1.346.004
   	12.499.134	12.003.798

3. Finance costs

The basic loss per share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of shares in issue during the year.

30 June 2026 30 June 2025

Loss attributable to equity holders of the Company (€) (930.603) (1.282.197)

Weighted average number of ordinary shares in issue during the six months and

fully paid preference shares 128.989.389 128.989.389 Basic loss per share - basic and fully diluted (cents) (0,72) (0,99)

1. Property, plant and equipment Property, plant

   and equipment

   €

   Period ended 30 June 2025

   Opening net book amount 119.851.389

   Additions 1.508.831

   Depreciation charge (967.166)

   Closing net book amount 120.393.054

   Period ended 30 June 2026

   Opening net book amount 128.632.700

   Additions 1.273.656

   Depreciation charge (1.166.658)

   Transfers (26.357.347)

   Closing net book amount 102.382.351

2. Right-of-use assets

The Group has leased a beach in Coral Bay which is within the Administrative boundaries of the Municipality of Peyia after a tender. The lease for the right to use the beach is valid for a period of 4 years until the year 2027.

During 2023, the Company and the owners of the Thalassa Coral Bay hotel proceeded to renew the lease until October 31, 2029.

The Group has leases in respect of immovable property (apartments) located within two of the hotels it operates. The Group has entered into various agreements with third parties (the legal owners of the apartments), granting it the right to use the apartments for the agreed period. The agreements are valid for a specified period, as agreed between the parties, and there is no option for renewal without a review of all the terms and conditions upon their expiry.

The Group and the Company have leased apartments which are used to accommodate employees. The leases for the right-of-use of the apartments expire on different dates, with the latest lease expiry date being in April 2028.

1. Amounts recognisited in the statement of profit or loss

   Buildings Land

   Motor

   Vehicles Total

   € € € €

   2026 - Right of use under IFRS 16

   Interest from lease liabilities (142.196) (3.485) - (145.681)

   2025 - Right of use under IFRS 16

   Interest from lease liabilities (136.337) (3.485) - (139.822)

2. Amounts recognised in the statement of cash flows

Buildings Land

Motor

Vehicles Total

€ € € €

2026

Less non-current receivables (5.723.222) (4.275.515)

As of 31 December 2026, approximately 37% of the Company's total unimpaired receivables relate to balances receivables from five major tour operators (2025: 33%), while for the Group the percentage is 41% (2025: 18%).

At 30 June 2026, trade receivables for the Group amounting to €108.383 (2025: €249.491) and for the Company

€18.624 (2025: €2.574) for which an impairment provision was recognised.

The Group and the Company use a provision matrix to measure trade receivables based on expected credit losses, taking into consideration the primary country of operation of the respective tour operators. Based on historical experience, the Group and the Company have determined that the expected credit loss rates, taking the above factors into consideration, are as presented in the table below.

1. Share capital and share premium

   Fully paid
   ordinary and
   preference
   shares	Share capital	Share premium	Total
   €	€	€	€

   Αt 1 January 2025/30 June 2026 128.989.389 43.856.392 2.870.968 46.727.360

   Authorised share capital

   The authorised share capital is 1.000.000.000 shares (2025: 1.000.000.000 shares) with par value of €0,34 per share.

   Issued share capital

   The issued share capital is 101.683.294 ordinary shares and 27.306.095 preference shares with par value of € 0,34 per share.

   Shares' rights

   The preference shares have the same rights with the ordinary shares and they have priority against the ordinary shares in the distribution.

   15. Borrowings
   	30 June 2026	31 December 2025
   	€	€
   Current Bank overdrafts	1.086.204	-
   Bank borrowings (i)	4.160.338	4.109.402
   Borrowings from third parties	539.595	539.595
   	5.786.137	4.648.997
   Non-current Bank borrowings (i)	31.017.346	37.269.474
   Borrowings from third parties	564.548	540.720
   Credit facilities with related parties (ii)	4.335.408	4.335.408

   35.917.302 42.145.602

   Total borrowings 41.703.439 46.794.599

   Maturity of non-current borrowings (excluding finance lease liabilities)
   		31 December
   	30 June 2026	2025
   	€	€
   Between 1 and 2 years	5.974.512	5.765.293
   Between 2 and 5 years	4.517.015	13.046.678

   Over 5 years 25.425.775 23.333.631

   35.917.302 42.145.602

   1. Out of the total bank loan, an amount of €0,4 million and an amount of €3,6 million, come from short-term and long-term borrowings respectively, from the indirect subsidiary Karkavatsos & Co. Tourist Enterprises SA.

2. Borrowings (continued)

   1. The credit facilities from related parties relate to a loan facility entered into by the Company with its related company, Orchord Corporation Ltd, on 7 November 2023. The loan has a term of 10 years, maturing in 2033, and bears interest at an annual rate of 4% on the outstanding balance at the end of each year. The principal is repayable at maturity, while interest is payable annually.

      The Company has the right to capitalise the interest and repay it upon maturity of the loan. In addition, the Company has the right to repay all or part of the loan before maturity without any additional charge, or to request that the loan be reduced through any future dividends payable by the related company.

3. Lease liabilities

31 December

lease payments

31 December

The Company is controlled by the Chairman and Managing Director, Mr Pandelis M. Leptos and Substitute Chairman Mr George M. Leptos, who own directly or indirectly 74,94% of the Company's shares and are also the ultimate controlling parties of the Group.

The ultimate parent entity is Armonia Estates Limited. The registered office is at 9 Dimitsani Street, Galeria Court, 1st floor, Apartment 101, Nicosia, Cyprus.

1. Year end balances with related parties arising from sales/purchases of services and goods and financing facilities

(1) Amounts receivable from jointly owned companies include dividends amounting to €3,446,329 due from Rosethorn Limited, which are subject to a credit loss allowance of €555,814.

Balances with related companies are unsecured, payable on demand and non-interest bearing, as they arise from trading activities between the related companies.

There were no other significant events after the balance sheet date, which have a bearing on the understanding of the consolidated financial statements.