Motor Oil Hellas Corinth Refineries S A : Interim Financial Statements 30 September 2025

About this update from Motor Oil (hellas) Corinth Refineries S.a.

INTERIM CONDENSED FINANCIAL STATEMENTS IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS THAT HAVE BEEN ADOPTED BY THE EUROPEAN UNION FOR THE PERIOD 1 JANUARY - 30 SEPTEMBER 2025 FOR THE GROUP AND THE COMPANY "MOTOR OIL (HELLAS) CORINTH REFINERIES S.A." MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. G.E.MI. 272801000 Headquarters: Irodou Attikou 12Α, 151 24 Maroussi Attica OUR PURPOSE For more than 50 years, we produce reliable and affordable energy products and services for our customers, we invest towards a more sustainable energy future, we promote the growth and safety of our employees and contribute to the development and wellbeing of the society. We operate based on our core values of integrity, transparency, meritocracy, professionalism, effectiveness and responsibility towards our employees, society and the environment. Overall, at Motor Oil, we provide the energy our customers need today, while leading the transition into a sustainable energy future. WHILE THE ENERGY SECTOR IS CONSTANTLY CHANGING, OUR COMMITMENT REMAINS THE SAME It all started in 1972, and for over 50 years we have supported the Greek economy by exporting to more than 75 countries worldwide. We have aided community growth by employing thousands of people. We have invested in new projects and forms of energy, paving the way towards a sustainable future. We are moving forward, creating value for the generations to come. CONTENTS Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period ended 30th September 2025 5 Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period 1st July to 30th September 2025 7 Interim Condensed Statement of Financial Position as at 30th September 2025 9 Interim Condensed Statement of Changes in Equity for the period ended 30th September 2025 11 Interim Condensed Statement of Cash Flows for the period ended 30th September 2025 13 Notes to the Financial Statements 15 General Information 15 Basis of Financial Statements Preparation & Adoption of New and Revised International Financial Reporting Standards (IFRS) 15 Revenue 18 Operating Segments 19 Dividends 23 Goodwill 23 Other Intangible Assets 24 Property, Plant and Equipment 26 Inventories 28 Borrowings 28 Fair Value of Financial Instruments 35 Establishment/Acquisition of Subsidiaries/Associates 39 Related Party Transactions 42 Financial risk management 43 Alternative Performance Measures 47 Events after the Reporting Period 48 The financial statements of the Group and the Company, set out on pages 1 to 48, were approved at the Board of Directors' Meeting dated on Tuesday 18 of November, 2025. THE CHAIRMAN OF THE BOARD OF DIRECTORS AND CEO THE DEPUTY CEO THE CHIEF ACCOUNTANT IOANNIS V. VARDINOYANNIS PETROS T. TZANNETAKIS VASSILIOS N. CHANAS ‌Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period ended 30th September 2025 In 000's Euros (except for "earnings per share") Operating results Gross Profit 711,231 879,851 314,806 501,522 Revenue Cost of Sales GROUP COMPANY Note 01/01-30/09/25 01/01-30/09/24 01/01-30/09/25 01/01-30/09/24 3 8,476,250 9,368,777 5,661,201 6,585,297 (7,765,019) (8,488,926) (5,346,395) (6,083,775) Distribution expenses Administrative expenses Other income Other Gain/(loss) (272,625) (253,606) (31,170) (22,822) (129,135) (108,859) (52,164) (52,419) 25,213 52,242 15,382 41,722 218,206 6,262 213,004 10,302 Profit from operations 552,890 575,890 459,858 478,305 Finance income Finance cost Share of profit/(loss) in associates Gain/(loss) on fixed assets from significant incident 110,614 113,581 121,245 110,864 (169,743) (159,760) (97,711) (77,487) 57,119 9,713 0 0 33,195 0 33,195 0 Profit before tax 584,075 539,424 516,587 511,682 Income taxes (130,864) (315,374) (109,387) (308,575) Profit after tax 453,211 224,050 407,200 203,107 Attributable to Company Shareholders Non-controlling interest 450,606 2,605 220,304 3,746 407,200 0 203,107 0 Basic earnings per share (in €) From continued operations Diluted earnings per share (in €) 4.16 2.04 3.76 1.88 From continued operations 4.16 2.03 3.76 1.87 Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period ended 30th September 2025 GROUP COMPANY In 000's Euros 01/01-30/09/25 01/01-30/09/24 01/01-30/09/25 01/01-30/09/24 Items that will not be reclassified subsequently to profit or loss: Subsidiary Share Capital increase (144) 0 0 0 Share of Other Comprehensive Income of associates accounted for using the 3,087 equity method (3,267) 0 0 Fair value Gain arising on financial assets 81,793 34,408 0 0 Income tax on other comprehensive 0 (34) 0 0 84,736 Items that may be reclassified subsequently to profit or loss: 31,107 0 0 Other Comprehensive income expenses income that will not be reclassified Exchange differences on translating foreign operations Net fair value gain/(loss) arising on hedging instruments during the year on cash flow hedges (3,571) (351) 0 0 2,123 (9,152) (2,290) (5,049) Net Other Comprehensive income Total comprehensive income (1,448) 83,288 536,499 (9,503) 21,604 245,654 (2,290) (2,290) 404,910 (5,049) (5,049) 198,058 Attributable to Company Shareholders Non-controlling interest 533,959 2,540 241,923 3,731 404,910 0 198,058 0 ‌Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period 1st July to 30th September 2025 In 000's Euros (except for "earnings per share") Operating results Gross Profit 371,216 171,876 201,191 31,287 Revenue Cost of Sales GROUP COMPANY 01/07-30/09/25 01/07-30/09/24 01/07-30/09/25 01/07-30/09/24 3,210,698 3,130,852 2,163,602 2,146,987 (2,839,482) (2,958,976) (1,962,411) (2,115,700) Distribution expenses Administrative expenses Other income Other Gain/(loss) (94,837) (89,449) (11,510) (8,961) (49,759) (43,726) (18,205) (15,818) 9,201 23,287 5,939 19,197 67,365 1,588 68,053 6,147 Profit from operations 303,186 63,576 245,468 31,852 Finance income Finance cost Share of profit/(loss) in associates Gain/(loss) on fixed assets from significant incident 41,570 45,513 42,572 35,110 (55,231) (55,794) (32,644) (28,944) 52,923 17,541 0 0 23,868 0 23,868 0 Profit before tax 366,316 70,836 279,264 38,018 Income taxes (76,512) (208,785) (58,630) (206,906) Profit/(loss) after tax 289,804 (137,949) 220,634 (168,888) Attributable to Company Shareholders Non-controlling interest 288,516 1,288 (138,702) 753 220,634 0 (168,888) 0 Basic earnings/(losses) per share (in €) From continued operations Diluted earnings/(losses) per share (in €) 2.66 (1.28) 2.04 (1.56) From continued operations 2.66 (1.28) 2.04 (1.56) Interim Condensed Statement of Profit or Loss and Other Comprehensive Income for the period 1st July to 30th September 2025 GROUP COMPANY In 000's Euros 01/07-30/09/25 01/07-30/09/24 01/07-30/09/25 01/07-30/09/24 Items that will not be reclassified subsequently to profit or loss: Subsidiary Share Capital increase (18) 0 0 0 Share of Other Comprehensive Income of associates accounted for using the 1,785 equity method (2,791) 0 0 Fair value Gain arising on financial assets 34,817 8,038 0 0 Income tax on other comprehensive 0 (34) 0 0 36,584 Items that may be reclassified subsequently to profit or loss: 5,213 0 0 Other comprehensive income expenses income that will not be reclassified Exchange differences on translating foreign operations Net fair value gain/(loss) arising on hedging instruments during the year on cash flow hedges (3) (1,069) 0 0 1,278 (15,339) (397) (4,228) Net Other Comprehensive income Total comprehensive income 1,275 37,859 327,663 (16,408) (11,195) (149,144) (397) (397) 220,237 (4,228) (4,228) (173,116) Attributable to Company Shareholders Non-controlling interest 326,354 1,309 (149,875) 731 220,237 0 (173,116) 0 ‌Interim Condensed Statement of Financial Position as at 30th September 2025 GROUP COMPANY In 000's Euros Note 30/09/2025 31/12/2024 30/09/2025 31/12/2024 Non-current Assets Goodwill 6 196,537 183,039 0 0 Other intangible assets 7 683,596 686,003 17,706 15,500 Property, Plant and Equipment 8 2,839,389 2,590,426 1,333,307 1,248,651 Right of use assets 250,596 242,350 22,072 22,751 Investments in subsidiaries and associates 342,252 350,405 1,285,637 1,184,549 Other financial assets 196,266 110,331 2,852 1,622 Deferred tax assets 17,277 14,441 0 0 Derivative Financial instruments 11 23,334 7,447 13,502 4,805 Other non-current assets 106,809 90,734 84,935 114,969 Total Non-current Assets Current Assets Income Taxes 4,656,056 8,930 4,275,176 3,346 2,760,011 3,422 2,592,847 0 Inventories 9 932,090 955,615 728,287 720,197 Trade and other receivables 1,129,299 881,649 521,616 392,188 Derivative Financial instruments 11 69,867 33,756 68,428 17,221 Cash and cash equivalents 1,112,866 1,128,453 725,348 771,705 Total Current Assets 3,253,052 3,002,819 2,047,101 1,901,311 Total Assets 7,909,108 7,277,995 4,807,112 4,494,158 Interim Condensed Statement of Financial Position as at 30th September 2025 GROUP COMPANY In 000's Euros Note 30/09/2025 31/12/2024 30/09/2025 31/12/2024 Non-current Liabilities Borrowings 10 2,171,272 2,405,635 966,389 1,231,599 Lease liabilities 218,365 211,948 16,888 17,965 Provision for retirement benefit obligation 21,917 22,776 15,061 16,198 Deferred tax liabilities 227,962 226,436 18,060 14,383 Other non-current liabilities 48,115 55,092 425 332 Derivative Financial instruments 11 11,156 18,121 5,492 130 Other non-current provisions 8,334 8,967 0 0 Deferred income 71,795 68,478 9,188 6,773 Total Non-current Liabilities Current Liabilities Trade and other payables 2,778,916 1,216,009 3,017,453 1,022,567 1,031,503 738,708 1,287,380 665,873 Derivative Financial instruments 11 59,987 21,970 56,878 18,459 Provision for retirement benefit obligation 3,392 3,163 2,947 2,847 Income Tax Liabilities 24,938 210,133 0 196,059 Borrowings 10 581,591 210,564 418,138 64,516 Lease liabilities 33,715 29,219 5,610 5,149 Deferred income 3,640 4,139 267 260 Total Current Liabilities 1,923,272 1,501,755 1,222,548 953,163 Total Liabilities Equity 4,702,188 4,519,208 2,254,051 2,240,543 Share capital 83,088 83,088 83,088 83,088 Reserves 277,655 163,700 93,172 58,654 Retained earnings 2,791,907 2,476,741 2,376,801 2,111,873 Equity attributable to Company Shareholders 3,152,650 2,723,529 2,553,061 2,253,615 Non-Controlling Interest 54,270 35,258 0 0 Total Equity 3,206,920 2,758,787 2,553,061 2,253,615 Total Equity and Liabilities 7,909,108 7,277,995 4,807,112 4,494,158 ‌Interim Condensed Statement of Changes in Equity for the period ended 30th September 2025 GROUP In 000's Euros Balance as at 01/01/2024 Share Capital Reserves Retained Earnings Total Non-controlling interest Total 83,088 98,356 2,482,707 2,664,151 107,177 2,771,328 0 0 220,304 220,304 3,746 224,050 0 24,920 (3,301) 21,619 (15) 21,604 0 24,920 217,003 241,923 3,731 245,654 0 0 0 0 907 907 0 (13,181) 8 (13,173) 0 (13,173) 0 1,988 434 2,422 0 2,422 0 (1,324) (43,942) (45,266) (78,254) (123,520) 0 59,221 (59,221) 0 0 0 0 0 (155,096) (155,096) (356) (155,452) 83,088 169,980 2,441,893 2,694,961 33,205 2,728,166 83,088 163,700 2,476,741 2,723,529 35,258 2,758,787 0 0 450,606 450,606 2,605 453,211 0 80,267 3,086 83,353 (65) 83,288 0 80,267 453,692 533,959 2,540 536,499 0 0 0 0 18,645 18,645 0 0 0 0 10 10 0 0 0 0 (57) (57) 0 11,718 1,295 13,013 0 13,013 0 2,873 511 3,384 0 3,384 0 0 478 478 417 895 0 19,097 (19,097) 0 0 0 0 0 (121,713) (121,713) (2,543) (124,256) 83,088 277,655 2,791,907 3,152,650 54,270 3,206,920 Profit for the period Other Comprehensive Income for the period Total Comprehensive Income for the period Addition from Establishment/ Acquisition of Subsidiary Treasury Shares Share options exercised Acquisition of Subsidiary's Minority Balance as at 30/09/2024 Transfer to Reserves Dividends Balance as at 01/01/2025 Profit for the period Other Comprehensive Income for the period Total Comprehensive Income for the period Addition from Establishment/ Acquisition of Subsidiary Share Capital Share Capital Increase in Subsidiary's Decrease in Subsidiary's Treasury Shares Share options exercised Adjustment arising from change in Balance as at 30/09/2025 non-controlling interest Transfer to Reserves Dividends Interim Condensed Statement of Changes in Equity for the period ended 30th September 2025 COMPANY In 000's Euros Share Capital Reserves Retained Earnings Total Balance as at 01/01/2024 83,088 25,239 2,081,447 2,189,774 0 0 203,107 203,107 0 (5,049) 0 (5,049) 0 (5,049) 203,107 198,058 0 54,847 (54,847) 0 0 (13,181) 8 (13,173) 0 1,988 434 2,422 0 0 (155,096) (155,096) 83,088 63,844 2,075,053 2,221,985 Profit for the period Other Comprehensive Income for the period Total Comprehensive Income for the period Transfer to reserves Treasury Shares Balance as at 30/09/2024 Share options exercised Dividends Balance as at 01/01/2025 83,088 58,654 2,111,873 2,253,615 0 0 407,200 407,200 0 (2,290) 0 (2,290) 0 (2,290) 407,200 404,910 0 22,217 (22,217) 0 0 11,718 1,295 13,013 0 2,873 511 3,384 0 0 (121,861) (121,861) 83,088 93,172 2,376,801 2,553,061 Profit for the period Other Comprehensive Income for the period Total Comprehensive Income for the period Transfer to reserves Treasury Shares Balance as at 30/09/2025 Share options exercised Dividends ‌Interim Condensed Statement of Cash Flows for the period ended 30th September 2025 GROUP COMPANY In 000's Euros Note 01/01-30/09/25 01/01-30/09/24 01/01-30/09/25 01/01-30/09/24 584,075 539,424 516,587 511,682 7,8 182,829 166,458 72,026 67,948 28,091 26,095 4,408 3,837 16,522 12,745 6,336 4,512 (57,119) (9,713) 0 0 (2,330) 3,219 (2,827) 1,918 (357,285) (114,567) (365,274) (109,172) 169,743 159,760 97,711 77,487 24,513 (65,376) (8,090) (96,397) (107,553) 34,258 (30,209) 1,266 194,260 (305,309) 109,607 (114,982) (87,396) (98,980) (36,352) (36,557) (323,433) (269,041) (304,010) (256,629) (5,022) (2,040) (1,073) (2,004) 141,964 0 141,964 0 401,859 76,933 200,804 52,909 Operating activities Profit before tax Adjustments for: Depreciation and amortization of non-current assets Depreciation of right of use assets Provisions/ Impairments Share of profits of associates Exchange differences Finance income and other income, expense, gain, loss Finance cost (excluding borrowings) Movements in working capital: Decrease/(increase) in inventories Decrease/(increase) in receivables (Decrease)/increase in payables Less: Finance cost paid Taxes paid Plus/(Minus): Net cash (used in)/from operating activities (a) instruments due to significant incident Cash settlements of derivative Proceeds from insurance compensation Interim Condensed Statement of Cash Flows for the period ended 30th September 2025 GROUP COMPANY In 000's Euros Note 01/01-30/09/25 01/01-30/09/24 01/01-30/09/25 01/01-30/09/24 (93,985) (14,221) (175,331) (113,221) 70,882 46,800 70,906 46,800 15,622 19,144 15,070 18,200 (403,605) (186,902) (159,051) (124,905) 4,115 5,388 3,879 0 1,288 1,842 50 2 13,780 0 13,780 0 15,851 31,337 12,497 22,801 7,388 12,501 27,696 31,960 (368,664) (84,111) (190,504) (118,363) 10 907 0 0 (57) 0 0 0 (225) (123,520) 0 0 (6,003) (15,048) (6,003) (15,048) 1,120 0 0 0 16,707 0 16,707 0 3,384 2,422 3,384 2,422 693,242 673,982 321,186 390,503 (571,432) (682,676) (232,490) (397,516) (25,477) (24,102) (4,345) (3,731) (155,686) (155,452) (155,096) (155,096) (44,417) (323,487) (56,657) (178,466) (4,365) 1,544 0 0 (15,587) (329,121) (46,357) (243,920) 1,128,453 1,322,256 771,705 901,828 1,112,866 993,135 725,348 657,908 Investing activities Acquisition of subsidiaries, affiliates, joint ventures and other investments Reduction of Share Capital Disposal of subsidiaries, affiliates, joint-ventures and other investments Purchase of tangible and intangible assets Grants received for tangible assets Proceeds on disposal of tangible and intangible assets Proceeds from insurance compensation for fixed assets due to significant incident Net cash (used in)/from investing activities (b) Interest received Dividends received Financing activities Share capital increase Share capital decrease Acquisition of Non-Controlling Interest Repurchase of treasury shares Proceeds from partial disposal of interest in subsidiaries without loss of control Proceeds from sale of treasury shares Proceeds from exercise of share options Proceeds from borrowings Net cash (used in)/from financing activities (c) Repayments of borrowings Repayments of leases Dividends Paid Effect of exchange rate changes deriving from foreign operations (d) Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c)+(d) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period ‌Notes to the Financial Statements General Information The parent company of the MOTOR OIL Group (the Group), under the trade name "Motor Oil (Hellas) Corinth Refineries S.A." (the Company), is registered in Greece as a public company (Societe Anonyme) according to the provisions of Company Law 2190/1920 (as replaced by Law 4548/2018). The Company has its headquarters in Greece - Maroussi of Attica, 12A Irodou Attikou street, 151 24. The Group operates, mainly, in the energy sector. Its main activities involve the refining and trading of petroleum products, the trading of natural gas, as well as the production of energy from renewable sources. In addition, services are provided in electricity supply, energy efficiency, and electromobility. At the same time, there is active engagement in the management of solid waste and wastewater, the collection of biowaste, as well as in recycling and lubricant regeneration. As at 30 September 2025, "Petroventure Holdings Limited" was holding 40% of the Company. The length of life for the Company is until 2070. These financial statements are presented in Euro which is the currency of the primary economic environment in which the Group operates. Amounts in these financial statements are expressed in € 000's unless otherwise indicated. Any difference up to € 1,000 is due to roundings. ‌As at 30 September 2025, the number of employees, for the Group and the Company, was 4,350 and 1,540 respectively (30/09/2024: Group: 3,243 employees, Company: 1,479 employees). Basis of Financial Statements Preparation & Adoption of New and Revised International Financial Reporting Standards (IFRS) Basis of preparation The interim condensed financial statements for the period ended 30 September 2025 have been prepared in accordance with International Accounting Standard (IAS) 34, 'Interim financial reporting' and as such do not include all the information and disclosures required in the annual financial statements. In this context, these interim condensed financial statements should be read in conjunction with the Group's annual financial statements for the year ended 31 December 2024. Furthermore, the interim condensed financial statements have been prepared on a going concern basis. The accounting policies adopted in the preparation of these interim condensed financial statements are consistent with those followed in the preparation of the Group's annual financial statements for the year ended 31 December 2024. The preparation of the financial statements presumes that various estimations and assumptions concerning the future are made by the Group's management which may affect the carrying values of assets and liabilities and the required disclosures for contingent assets and liabilities as well as the amounts of income and expenses recognized. The application of sufficient information and various judgments made by the Group's management may significantly impact the valuation and presentation of assets and liabilities. The areas requiring the most significant judgments, estimates and assumptions in the preparation of the financial statements are: accounting for interests in subsidiaries, joint operations and associates, fair values of assets acquired and liabilities assumed on acquisition, recoverability of asset carrying amounts, determining right of use assets and lease liabilities, taxation, provisions, retirement benefit obligations, impairment of receivables, and valuation of financial instruments. The Group's Management reviewed these estimations and concluded that no revision of the accounting policies is required. New and revised accounting standards and interpretations, amendments to standards and interpretations that apply to either current or future fiscal years, including their potential impact on the interim condensed financial statements, are set out in Note 2.2. New standards, Interpretations and amendments New standards, amendments to existing standards and interpretations have been issued, which are obligatory for accounting periods beginning during the present fiscal period or at a future time and are presented below. Standards, Amendments and Interpretations mandatory for Fiscal Year 2025 The Group has adopted the amendments mentioned below which are effective from January 1st, 2025. These amendments did not have a significant impact on the interim condensed consolidated and separate financial statements for the nine-month period ended 30 September 2025. IAS 21: The effects of Changes in Foreign Exchange Rates: Lack of Exchangeability - Amendments In August 2023, IASB published amendments to IAS 21 which require companies to provide more useful information in their financial statements when a currency is not exchangeable to another currency. The amendments introduce a definition of the "exchangeability" of a currency and provide guidance on how an entity should estimate a spot exchange rate in cases where a currency is not exchangeable. Also, additional disclosures are required in cases where an entity has estimated a spot exchange rate due to a lack of exchangeability. The amendments are effective for annual periods beginning on or after January 1st, 2025 and have been endorsed by the European Union. New standards, interpretations and amendments effective for periods beginning on or after January 1st, 2026 The following new standards, amendments and interpretations have been issued by the International Accounting Standards Board (IASB) but are not yet effective for annual periods starting January 1st, 2025. The Group is in the process of evaluating their impact on both the consolidated and the Company's financial statements. IFRS 7: Financial Instruments: Disclosures (Amendments) and IFRS 9: Financial Instruments (Amendments) The amendments clarify that a financial liability is derecognized on the "settlement date" and introduce an accounting policy choice to derecognise financial liabilities settled using an electronic payment system before the settlement date, if certain conditions are met. An entity that elects to apply the derecognition option would be required to apply it to all settlements made through the same electronic payment system. Other clarifications include the classification of financial assets with ESG linked features via additional guidance on the assessment of contingent features. Clarifications have been made to non-recourse assets and contractually linked instruments. The amendments require additional disclosures for investments in equity instruments that are measured at fair value with gains or losses presented in other comprehensive income (FVOCI). The amendments are effective for annual periods beginning on or after January 1st, 2026 and have been endorsed by the European Union. Early application is permitted. IFRS 18: Presentation and Disclosures in Financial Statements IFRS 18 was issued in April 2024 and will replace IAS 1 "Presentation of Financial Statements". The primary objective of the Standard is to improve the assessment of a company's performance by increasing comparability in presentation in an entity's financial statements, particularly in the statement of profit or loss and in its notes to the financial statements. Specifically, the Standard will improve the quality of financial reporting due to a) the requirement of defined subtotals in the statement of profit or loss, b) the requirement to disclose certain 'non-GAAP' measures - management performance measures (MPMs) and c) the new principles for aggregation and disaggregation of information. The new standard has retrospective application and is effective for annual periods beginning on or after January 1st, 2027 while it is not yet endorsed by the European Union. Annual Improvements to IFRS Standards - Volume 11 The improvements have been issued in July 2024 by the IASB and provide minor amendments that include clarifications, simplifications, corrections and changes in the following to the following accounting standards: IFRS 1 "First-time Adoption of International Financial Reporting Standards", IFRS 7 "Financial Instruments: Disclosures", IFRS 9 "Financial Instruments", IFRS 10 "Consolidated Financial Statements" and IAS 7 "Statement of Cash Flows". The above amendments are effective for annual periods beginning on or after January 1st, 2026 and have been endorsed by the European Union. Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity On 18 December 2024, the IASB published "Contracts Referencing Nature-dependent Electricity -Amendments to IFRS 9 and IFRS 7". The objective of the amendments is to better reflect the effects of physical and virtual nature-dependent electricity contracts in the financial statements. More specifically, the amendments clarify the application of the 'own-use' requirements, permit hedge accounting if these contracts are used as hedging instruments and add new disclosure requirements to enable investors to understand the effect of these contracts on a company's financial performance and cash flows. The amendments are effective for annual periods beginning on or after January 1st, 2026 and have been endorsed by the European Union. Early application is permitted. Reclassifications of figures There are reclassifications of figures in the comparative period of 2024, in the Statement of Cash Flows, on a Group basis, between the "Exchange differences" and "Effect of exchange rate changes deriving from foreign operations" amounting € 1,544 thousand. These reclassifications aim at a more detailed presentation of cash flows. ‌3. Revenue Sales revenue is analyzed below: GROUP COMPANY (In 000's Euros) 01/01-30/09/25 01/01-30/09/24 01/01-30/09/25 01/01-30/09/24 Sales 8,476,250 9,368,777 5,661,201 6,585,297 The following tables provide an analysis of the sales by geographical market (domestic - bunkering -export) and by category of goods sold (products - merchandise - services): GROUP (In 000's Euros) 01/01-30/09/25 01/01-30/09/24 SALES: DOMESTIC BUNKERING EXPORT TOTAL DOMESTIC BUNKERING EXPORT TOTAL Products 1,266,232 573,290 2,975,635 4,815,157 1,380,622 658,645 4,267,781 6,307,048 Merchandise 2,014,980 244,257 573,289 2,832,526 1,759,426 266,850 301,978 2,328,254 Services 731,266 3,500 93,801 828,567 671,292 2,876 59,307 733,475 Total 4,012,478 821,047 3,642,725 8,476,250 3,811,340 928,371 4,629,066 9,368,777 COMPANY (In 000's Euros) 01/01-30/09/25 01/01-30/09/24 SALES: DOMESTIC BUNKERING EXPORT TOTAL DOMESTIC BUNKERING EXPORT TOTAL Products 1,244,897 559,537 2,943,723 4,748,157 1,369,576 646,717 4,216,762 6,233,055 Merchandise 454,681 167,123 245,735 867,539 63,503 122,408 129,875 315,786 Services 26,984 3,799 14,722 45,505 21,688 2,693 12,075 36,456 Total 1,726,562 730,459 3,204,180 5,661,201 1,454,767 771,818 4,358,712 6,585,297 Based on historical information of the Company and the Group, the percentage of quarterly sales volume varies from 23% to 28% on annual sales volume and thus there is no material seasonality on the total sales volume. The Sales Breakdown by product category for the Company is as follows: (In 000s) 01/01-30/09/25 01/01-30/09/24 Sales /Product Metric Tons Amount € Metric Tons Amount € Asphalt 1,019 372,203 803 326,215 Fuel Oil 1,361 532,431 1,615 702,800 Diesel (Automotive - Heating) 3,114 2,016,399 3,036 2,264,659 Jet Fuel 1,252 860,523 1,573 1,217,176 Gasoline 1,881 1,320,132 2,068 1,722,048 LPG 145 93,820 170 101,133 Lubricants 150 130,069 184 164,453 Other 455 245,037 159 42,721 Total (Products) 9,377 5,570,614 9,608 6,541,205 Other Sales 97 45,082 3 7,636 Services 45,505 36,456 Total 9,474 5,661,201 9,611 6,585,297 ‌Operating Segments The Group is mainly operating in Greece, given that most Group companies included in the consolidation are based in Greece. Group management regularly reviews internal financial reports in order to allocate resources to the segments and assess their performance. Operating segments have been determined based on certain criteria of aggregation, as set by management. Sections aggregated into a single operating segment have similar economic characteristics (more specifically, similar nature of products and services, similar nature of the production process and similar type of customers). Information provided for management purposes is measured in a manner consistent with that of the financial statements. The Group is active in four main operating business segments: a) Refining Activity, b) Fuels' Marketing Activity, c) Power and Gas and d) Other. "Other" segment relates mainly to Group entities which provide services, holding companies and solid waste and recycling energy from waste. Inter-segment sales primarily relate to sales from the refining segment to other operating segments. Segment information is presented in the following tables. During the current period, "Other Gain/(loss)" includes an amount of € 211,341 thousand which relates to the compensation recognised as revenue for loss of operating profits due to business interruption for the incident at the Company's refinery in September 2024. STATEMENT OF COMPEHENSIVE INCOME 01/01-30/09/25 (In 000's Euros) Business Operations Refining Fuels Marketing Power and Gas Other Eliminations/ Adjustments Total Sales to third parties 4,314,514 3,455,909 526,012 179,815 0 8,476,250 Inter-segment sales 1,605,727 95,403 9,614 15,138 (1,725,882) 0 Total revenue 5,920,241 3,551,312 535,626 194,953 (1,725,882) 8,476,250 Cost of Sales (5,571,043) (3,265,120) (482,699) (158,052) 1,711,895 (7,765,019) Gross profit 349,198 286,192 52,927 36,901 (13,987) 711,231 Distribution expenses (40,545) (212,995) (32,041) (2,802) 15,758 (272,625) Administrative expenses (57,511) (25,198) (27,889) (16,718) (1,819) (129,135) Other Income 16,051 5,192 4,182 1,184 (1,396) 25,213 Other Gain/(loss) 216,669 (2,461) 2,047 9,062 (7,111) 218,206 Segment result from operations 483,862 50,730 (774) 27,627 (8,555) 552,890 Finance income 115,527 1,453 6,919 8,164 (21,449) 110,614 Finance cost (103,192) (26,927) (38,913) (2,113) 1,402 (169,743) Share of profit/(loss) in associates 0 6,023 17,286 (1,136) 34,946 57,119 Gain/(loss) on fixed assets from significant incident 33,195 0 0 0 0 33,195 Profit/(loss) before tax 529,392 31,279 (15,482) 32,542 6,344 584,075 Other information Additions attributable to acquisition of subsidiaries 0 2,757 0 30,696 0 33,453 Capital additions 167,004 60,329 197,713 15,658 (4,097) 436,607 Depreciation/amortization and other impair. for the period 79,071 49,885 76,208 6,990 (1,207) 210,947 FINANCIAL POSITION Assets Segment assets (excluding investments) 3,660,598 1,194,625 2,161,904 471,909 (118,446) 7,370,590 Investments in subsidiaries and associates 1,273,219 36,328 120,874 79,952 (1,168,121) 342,252 Other financial assets 3,159 34 845 192,228 0 196,266 Total assets 4,936,976 1,230,987 2,283,623 744,089 (1,286,567) 7,909,108 Liabilities Total liabilities 2,298,355 863,111 1,494,807 173,740 (127,825) 4,702,188 Total liabilities 2,298,355 863,111 1,494,807 173,740 (127,825) 4,702,188 STATEMENT OF COMPEHENSIVE INCOME 01/01-30/09/24 (In 000's Euros) Business Operations Refining Fuels Marketing Power and Gas Other Eliminations/ Adjustments Total Sales to third parties 5,202,015 3,516,765 579,099 70,898 0 9,368,777 Inter-segment sales 1,773,994 76,777 15,568 9,642 (1,875,981) 0 Total revenue 6,976,009 3,593,542 594,667 80,540 (1,875,981) 9,368,777 Cost of Sales (6,437,002) (3,331,676) (521,728) (65,435) 1,866,915 (8,488,926) Gross profit 539,007 261,866 72,939 15,105 (9,066) 879,851 Distribution expenses (32,638) (205,200) (29,414) (1,822) 15,468 (253,606) Administrative expenses (57,387) (21,400) (18,920) (8,093) (3,059) (108,859) Other Income 42,736 6,023 4,091 122 (730) 52,242 Other Gain/(loss) 8,419 1,633 (1,426) 1,778 (4,142) 6,262 Segment result from operations 500,137 42,922 27,270 7,090 (1,529) 575,890 Finance income 99,337 1,288 27,363 4,309 (18,716) 113,581 Finance cost (83,532) (32,581) (45,791) (959) 3,103 (159,760) Share of profit/(loss) in associates 0 5,017 6,608 (2,624) 712 9,713 Profit/(loss) before tax 515,942 16,646 15,450 7,816 (16,430) 539,424 Other information Additions attributable to acquisition of subsidiaries 0 0 101 0 0 101 Capital additions 139,463 60,725 34,587 16,274 (23,885) 227,164 Depreciation/amortization and other impair. for the period 74,323 46,432 70,073 2,787 (1,062) 192,553 FINANCIAL POSITION Assets Segment assets (excluding investments) 3,569,431 1,161,724 2,056,123 201,541 (158,728) 6,830,091 Investments in subsidiaries and associates 1,156,112 18,261 97,131 41,628 (943,428) 369,704 Other financial assets 1,430 500 0 108,377 0 110,307 Total assets 4,726,973 1,180,485 2,153,254 351,546 (1,102,156) 7,310,102 Liabilities Total liabilities 2,422,741 851,335 1,409,039 66,582 (167,761) 4,581,936 Total liabilities 2,422,741 851,335 1,409,039 66,582 (167,761) 4,581,936 Total Other Power and Gas Fuels Marketing Refining (In 000's Euros) 01/01-30/09/25 Business Operations At a point in time 4,314,514 3,455,909 0 0 7,770,423 Over time 0 0 526,012 179,815 705,827 Total Revenue 4,314,514 3,455,909 526,012 179,815 8,476,250 Total Other Power and Gas Fuels Marketing Refining (In 000's Euros) 01/01-30/09/24 Business Operations At a point in time 5,202,015 3,516,765 0 0 8,718,780 Over time 0 0 579,099 70,898 649,997 Total Revenue 5,202,015 3,516,765 579,099 70,898 9,368,777 For the nine-month period of 2025 and the respective one of 2024, no Group customer exceeded the 10% sales benchmark. For the nine-month period of 2025, Company's customer and subsidiary Coral S.A. exceeded the 10% sales benchmark (14.38%). For the nine-month period of 2024, Coral S.A. also exceeded the 10% sales benchmark (13%). Group revenue per country is depicted in the following table: 01/01-30/09/25 01/01-30/09/24 Country Revenue % Revenue % Greece 57.0% 50.6% Gibraltar 6.0% 6.4% Libya 4.8% 6.7% U.S.A. 4.6% 3.1% Croatia 4.1% 3.0% Lebanon 3.1% 2.2% Cyprus 2.5% 3.8% Egypt 2.2% 4.9% Netherlands* 1.7% 0.7% Italy 1.7% 3.4% Morocco* 1.4% 0.7% Turkiye 1.2% 2.7% Other Countries* 9.7% 11.8% * The specific countries' percentage was included for prior year's period 01/01-30/09/24 in "Other Countries". ‌Dividends Dividends to shareholders are proposed by the management, at the end of each financial year and are subject to the approval of the Annual General Meeting. The Annual General Meeting, held in June 2025, approved the distribution of total gross dividend for 2024 of Euro 155,096,172 (Euro 1.40 per share). It is noted that a gross interim dividend of Euro 33,234,894 (Euro 0.30 per share) for 2024 has been accounted for in October 2024 and paid in January 2025, while the remaining amount (Euro 1.10 per share) has been accounted for in June and paid in July 2025. ‌The Board of Directors at its meeting on October 31, 2025 authorized the distribution of a gross amount of Euro 0.35 per share, as an interim dividend for fiscal year 2025. It is noted, that based on L. 4646/2019 profits distributed by legal entities, from fiscal year 2020 onwards, are subject to withholding tax at a tax rate of 5%. Goodwill The carrying amount of Goodwill for the Group as at 30 September 2025 is € 196,537 thousand and is allocated to the Cash Generating Units as follows: GROUP (In 000's Euros) Goodwill as at 31/12/2024 Additions Impairment Goodwill as at 30/09/2025 AVIN OIL SINGLE MEMBER S.A. 16,200 0 0 16,200 CORAL GAS A.E.V.E.Y. 3,105 0 0 3,105 GROUP NRG 1,919 0 0 1,919 L.P.C. S.A. 467 0 0 467 VERD SINGLE-MEMBER S.A. 1,905 0 0 1,905 THALIS ES SINGLE MEMBER S.A. 3,870 0 0 3,870 GROUP MORE 155,573 0 0 155,573 GROUP HELECTOR 0 3,838 0 3,838 GROUP CORE INNOVATIONS 0 9,660 0 9,660 Total 183,039 13,498 0 196,537 The amount of € 9,660 thousand, shown in the above table as addition in Core Innovations subgroup, relates to the provisional measurement of the value arising from the acquisition of the retail stores of the company "TWENTY 4 SHOPEN S.M.S.A." in January 2025 and of the company "BARISTA GR S.A." in April 2025. In addition, the amount of € 3,838 thousand presented as addition, relates to the provisional measurement of the value arising from the acquisition of Helector group in January 2025. Goodwill is allocated to cash-generating units and is tested annually for impairment. As at 30 September 2025, there has been no indication of impairment. ‌Other Intangible Assets Other intangible assets include the Group's software and rights, which concern mainly the exploitation rights of the subsidiaries "AVIN OIL SINGLE MEMBER S.A.", "CORAL S.A." and "CORAL GAS A.E.V.E.Y.", the service concession rights for the subsidiary "OFC AVIATION FUEL SERVICES S.A.", and the clientele, sales commissions and brand name of the subsidiaries "NRG SUPPLY AND TRADING SINGLE MEMBER S.A." and "TARESSO I.K.E" . They also include licenses and clientele of the Group subsidiaries which are operating in the renewable energy sector of sub-group MORE and the clientele of subsidiaries "VERD SINGLE MEMBER S.A." and "THALIS ENVIROMENTAL SERVICES SINGLE MEMBER S.A.". At the Group level, during the current period, additions attributed to the acquisition of subsidiaries mainly concern rights, and more specifically fully amortized concession rights of Helector group. (In 000's Euros) GROUP Software Rights Other Assets under construction Total As at 1 January 2024 57,721 753,318 29,935 4,790 845,764 COST Additions attributable to acquisition of subsidiaries 2 15,679 542 0 16,223 Additions 5,090 17,599 123 10,883 33,695 Disposals/Write-off (34) (1,156) (15) 0 (1,205) As at 31 December 2024 69,101 788,182 28,524 9,285 895,092 Transfers 6,322 2,742 (2,061) (6,388) 615 Additions attributable to acquisition of subsidiaries 471 24,236 93 0 24,800 Additions 3,706 14,135 2 15,016 32,859 Disposals/Write-off 0 (20) (1) 3 (18) Transfers 3,504 13,981 0 (2,813) 14,672 As at 30 September 2025 76,782 840,514 28,618 21,491 967,405 As at 1 January 2024 35,352 98,609 12,892 0 146,853 AMORTIZATION Amortization charge for the period 6,992 52,359 2,905 0 62,256 Transfers (16) 1,833 (1,805) 0 12 As at 31 December 2024 42,313 152,784 13,992 0 209,089 Disposals/Write-off (15) (17) 0 0 (32) Additions attributable to acquisition of subsidiaries As at 30 September 2025 49,370 218,188 16,251 0 283,809 Amortization charge for the period 295 24,236 30 0 24,561 6,762 41,168 2,229 0 50,159 CARRYING AMOUNT As at 31 December 2024 As at 30 September 2025 26,788 27,412 635,398 622,326 14,532 12,367 9,285 21,491 686,003 683,596 COMPANY (In 000's Euros) Software Assets under construction Total COST As at 1 January 2024 19,701 3,756 23,457 Additions 692 5,611 6,303 Transfers 5,323 (4,890) 433 As at 31 December 2024 25,716 4,477 30,193 Additions 369 4,635 5,004 Transfers 646 (321) 325 As at 30 September 2025 26,731 8,791 35,522 AMORTIZATION As at 1 January 2024 11,035 0 11,035 Amortization charge for the period 3,658 0 3,658 As at 31 December 2024 14,693 0 14,693 Amortization charge for the period 3,123 0 3,123 As at 30 September 2025 17,816 0 17,816 CARRYING AMOUNT As at 31 December 2024 11,023 4,477 15,500 As at 30 September 2025 8,915 8,791 17,706 ‌Property, Plant and Equipment The movement in the fixed assets for the Group and the Company during the year 01/01-31/12/2024 and the period 01/01-30/09/2025 is presented in the tables below: GROUP (In 000's Euros) Land and buildings Plant and machinery / Transportation means Fixtures and equipment Assets under construction Total COST As at 1 January 2024 917,609 2,994,636 150,113 347,880 4,410,238 Additions attributable to acquisition of subsidiaries 5 1,624 251 563 2,443 Additions 10,375 27,065 9,823 234,063 281,326 Disposals/Write-off (758) (24,026) (1,534) (1,768) (28,086) Transfers 43,544 212,701 11,251 (268,111) (615) As at 31 December 2024 970,775 3,212,000 169,904 312,627 4,665,306 Additions attributable to acquisition of subsidiaries 15,336 71,337 4,235 998 91,906 Additions 7,452 11,780 5,424 346,933 371,589 Disposals/Write-off (1,084) (4,257) (413) (305) (6,059) Transfers 32,897 214,601 286 (262,456) (14,672) As at 30 September 2025 1,025,376 3,505,461 179,436 397,797 5,108,070 DEPRECIATION As at 1 January 2024 273,535 1,558,817 95,797 0 1,928,149 Additions attributable to acquisition of subsidiaries 0 638 192 0 830 Additions 21,671 130,949 9,874 0 162,494 Disposals/Write-off (459) (14,814) (1,308) 0 (16,581) Transfers 840 (794) (58) 0 (12) As at 31 December 2024 295,587 1,674,796 104,497 0 2,074,880 Additions attributable to acquisition of subsidiaries 9,133 52,125 3,164 0 64,422 Additions 17,745 107,079 7,846 0 132,670 Disposals/Write-off (586) (2,363) (342) 0 (3,291) Transfers 0 42 (42) 0 0 As at 30 September 2025 321,879 1,831,679 115,123 0 2,268,681 CARRYING AMOUNT As at 31 December 2024 As at 30 September 2025 675,188 703,497 1,537,204 1,673,782 65,407 64,313 312,627 397,797 2,590,426 2,839,389 COMPANY (In 000's Euros) Land and buildings Plant and machinery / Transportation means Fixtures and equipment Assets under construction Total COST As at 1 January 2024 340,535 1,922,618 40,099 219,065 2,522,317 Additions 1,701 1,499 4,121 182,407 189,728 Disposals/Write-off (7,782) (52,782) (349) 0 (60,913) Transfers 15,366 153,267 2,769 (171,835) (433) As at 31 December 2024 349,820 2,024,602 46,640 229,637 2,650,699 Additions 2,676 521 2,679 148,171 154,047 Disposals/Write-off (67) (262) (233) 0 (562) Transfers 25,328 207,362 437 (233,452) (325) As at 30 September 2025 377,757 2,232,223 49,523 144,356 2,803,859 DEPRECIATION As at 1 January 2024 75,605 1,245,890 31,504 0 1,352,999 Additions 7,400 77,643 2,835 0 87,878 Disposals/Write-off (1,273) (37,208) (348) 0 (38,829) As at 31 December 2024 81,732 1,286,325 33,991 0 1,402,048 Additions 5,669 61,176 2,058 0 68,903 Disposals/Write-off (12) (174) (213) 0 (399) As at 30 September 2025 87,389 1,347,327 35,836 0 1,470,552 CARRYING AMOUNT As at 31 December 2024 268,088 738,277 12,649 229,637 1,248,651 As at 30 September 2025 290,368 884,896 13,687 144,356 1,333,307 The additions to the assets under construction for the Group during the current period mainly refer to the construction of a new propylene splitter complex at the Refinery, the restoration of the units that were damaged in September 2024, the construction of an electrolyzer hydrogen production unit as well as infrastructure improvement projects at the Refinery, gas stations' additions and the construction of wind and photovoltaic parks. At Group level, the additions in the category of plant, machinery and transportation means, attributed to the acquisition of subsidiaries, are due to the takeover of the Helector Group. The tangible assets included in the Statement of Financial Position, both of the parent company and its subsidiaries, are in full productive operation. There are no events of natural disaster, abandonment, or indications of technological obsolescence or other impairment indicators as defined by IAS 36. Some of the above Property, Plant and Equipment has been pledged as security for liabilities of the Group (as referred to Note 10). ‌Inventories GROUP COMPANY (In 000's Euros) 30/09/2025 31/12/2024 30/09/2025 31/12/2024 Raw materials 506,399 547,322 491,322 526,824 Merchandise 179,786 197,941 10,446 5,395 Products 245,905 209,402 226,519 187,028 CO2 Emission Allowances 0 950 0 950 Total Inventories 932,090 955,615 728,287 720,197 Inventories are measured at the lower of cost and net realizable value (NRV). The cost of inventories may not be recoverable if their selling prices have decreased, if these inventories have been damaged, or if they have become completely or partially obsolete. For the current and prior year period, certain inventories were measured at their net realizable value, resulting in charges of the Statement of Profit or Loss and Other Comprehensive Income ("Cost of Sales") for the Group, amounting to € 9,076 thousand for the period 01/01-30/09/2025 and € 58,578 thousand for the prior year's period (Company:01/01-30/09/2025: € 9,025 thousand, 01/01-30/09/2024: € 58,182 thousand). During the current period, there was a reversal of the amount resulting from the write down to net realizable value charged on the Company and Group level amounting to € 470 thousand. There was no respective reversal in the prior year's period. The charge per inventory category is as follows: GROUP COMPANY (In 000's Euros) 30/09/2025 30/09/2024 30/09/2025 30/09/2024 Raw materials 4,600 40,748 4,600 40,748 Merchandise 161 6,908 110 6,512 Products 3,845 10,440 3,845 10,440 CO2 Emission Allowances 0 482 0 482 ‌Total 8,606 58,578 8,555 58,182 10. Borrowings GROUP COMPANY (In 000's Euros) 30/09/2025 31/12/2024 30/09/2025 31/12/2024 Borrowings 2,785,553 2,647,603 1,395,555 1,305,539 Unamortized balance of capitalized profits from loan agreements (16,980) (12,942) (3,627) (581) modifications* Unamortized balance of capitalized (15,710) (18,462) (7,401) (8,843) Total Borrowings 2,752,863 2,616,199 1,384,527 1,296,115 *The loans that were modified during the year and the period concern mainly MORE subgroup. The borrowings are repayable as follows: GROUP COMPANY (In 000's Euros) 30/09/2025 31/12/2024 30/09/2025 31/12/2024 On demand or within one year 581,591 210,564 418,138 64,516 In the second year 283,873 620,741 118,450 453,766 From the third to fifth year inclusive 1,287,109 1,332,690 668,722 720,081 After five years 632,980 483,608 190,245 67,176 The total cost of inventories recognized as an expense in the "Cost of Sales" for the Group was € 7,625,471 thousand and € 8,303,144 thousand for the period 01/01-30/09/2025 and 01/01-30/09/2024, respectively (Company: 01/01-30/09/2025: € 5,268,035 thousand, 01/01-30/09/2024: € 5,959,626 thousand). loan expenses profits from loan agreements (16,980) modifications (12,942) (3,627) (581) Unamortized balance of capitalized (15,710) (18,462) (7,401) (8,843) Total Borrowings 2,752,863 2,616,199 1,384,527 1,296,115 Less: Amount payable within 12 months (shown under current 581,591 liabilities) 210,564 418,138 64,516 Amount payable after 12 months 2,171,272 2,405,635 966,389 1,231,599 Unamortized balance of capitalized loan expenses Analysis of borrowings by currency on 30/09/2025 and 31/12/2024 is: GROUP COMPANY (In 000's Euros) 30/09/2025 31/12/2024 30/09/2025 31/12/2024 Loans' currency EURO 2,752,863 2,616,199 1,384,527 1,296,115 Total Borrowings 2,752,863 2,616,199 1,384,527 1,296,115 The Group has the following borrowings : Expiration Date Balance as at Balance as at 30.09.2025 31.12.2024 Bond Loan €400,000 July (traded at Euronext Dublin Stock 2026 € 400,000 € 400,000 Bond Loan €200,000 March (traded at Athens Stock 2028 € 200,000 € 200,000 Bond Loan July € 180,000 € 50,000 Bond Loan July € 100,000 € 100,000 Bond Loan September € 0 € 8,000 Bond Loan September € 0 € 4,000 Bond Loan November € 60,000 € 120,000 Bond Loan January € 0 € 6,615 Bond Loan January € 0 € 6,675 Bond Loan July € 36,000 € 43,200 Bond Loan February € 300,000 € 300,000 Bond Loan December € 9,555 € 7,049 Bank Loan December € 10,000 € 10,000 " MOTOR OIL " has been granted the following loans as analyzed in the below table (in thousands €): Exchange) Exchange) €300,000 2033 €100,000 2028 €20,000 2025 €10,000 2025 €200,000 2027 €10,584 2027* €10,680 2027* €90,000 2030 €300,000 2029 €32,612 2035 €40,000 2035 Bond Loan June 2027 € 30,000 € 50,000 Bond Loan April 2027 € 40,000 € 0 Bond Loan June 2030 € 30,000 € 0 €300,000 (4-year extension) €100,000 (3-year extension) €40,000 *The specific loans were fully repaid earlier than the original maturity date. The total short-term loans (including short-term portion of long-term loans) with duration up to one-year amount to € 418,138 thousand. " AVIN OIL SINGLE MEMBER S.A ." has been granted the following loans as analyzed in the below table (in thousands €): Expiration Date Balance as at Balance as at 30.09.2025 31.12.2024 Bond Loan March € 2,000 € 4,000 Bond Loan August € 805 € 158 Bond Loan September € 115,000 € 125,000 €17,500 2028 €873 2033 €140,000 2028 Total short-term loans (including short-term portion of long-term loans) with duration up to one year amount to € 7,973 thousand. "CORAL" subgroup has been granted the following loans as analyzed in the below table (in thousands €/$): Expiration Date Balance as at Balance as at 30.09.2025 31.12.2024 Bond Loan Μay € 0 € 35,000 Bond Loan December € 80,000 € 80,000 Bond Loan November € 100,000 € 100,000 Bond Loan February € 35 € 35 Bond Loan Μay € 0 € 0 Bond Loan February $ 0 $ 0 Bond Loan February € 0 € 17 Bank Loan October € 0 € 1,268 Bank Loan October € 0 € 663 Bank Loan February € 0 € 753 Bank Loan April € 0 € 491 Bank Loan August € 572 € 655 €35,000 2028 €80,000 2029 €100,000 2029 €35,000 2028 €30,000 2028 $17,000* 2028 $17,000* 2028 €2,307** 2029 €1,530** 2028 €1,350** 2030 €987** 2029 €1,125 2030

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