Honoring our Heritage Powering our Future
ATHEX - SMALL CAP| November 2025
AGENDA
03.
09.
18.
30.
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Papoutsanis at a glance
Business Performance Highlights 9M 2025
Company Vision & Growth Strategy
Outlook
Key Take-Aways
2 ATHENS SMALL CAP 2025
A leader in soap production in Europe
Established:
1870
#1 manufacturer
in Bar Soap in Europe
3
ATHENS SMALL CAP 2025
Exporting to
35 countries
9M 2025: Domestic Sales
46% and Exports 54%
People:
206
18,000 tons
of soap produced in 2024
with a strong financial history
54,8 | 70,7 | 62,3 | 66,2 | |||||||
Listed on Athens Stock Exchange 1972 | Market Cap* €81m | 40,8 2020 | 2021 | 2022 | 2023 | 2024 | ||||
Revenue 5-YEAR CAGR 13% | ||||||||||
7,6 | 8,3 | 7.2 | 9.2 | 10,6 | ||||||
ROE 2024: | Quadrupled our | |||||||||
16.7% | Revenue since 2015 | 2020 2021 2022 2023 2024 EBITDA 5-YEAR CAGR 9% | ||||||||
3,9 | 4,9 | 3,0 | 4,1 | 5,3 | ||||||
Dividend Payout 2024 | Number of | |||||||||
39.6% (€2m) | shares: 27m | 2020 | 2021 2022 2023 Net Profit 5-YEAR CAGR 8% | 2024 | ||||||
4 | ATHENS SMALL CAP 2025 | *04/11/2025 | ||||||||
In €m
With complementary
product offering
Providing synergies, resilience and mitigating risk
Specialty Bases
12%
CAGR 2015 -
2024: 40%
Own Brands
32%
CAGR 2015 -
2024: 20%
3rd Party & PL
41%
CAGR 2015 -
2024: 15%
Hotel Amenities
15%
CAGR 2015 - 2024: 10%
5 ATHENS SMALL CAP 2025
Asia/Africa/Oceania
4%
Europe
47%
Greece
46%
North America
3%
France, Italy, UK, Spain, Germany, Hungary, Portugal, Poland, Cyprus, Belgium, The Netherlands, Austria, Sweden, Denmark, Finland, Switzerland, Ireland, Serbia, Romania, Bulgaria, Lithuania, Ukraine, Czech Republic, Croatia, Slovenia, Slovakia, North Macedonia, Montenegro, Albania, Bosnia & Herzegovina, Turkey, USA, Canada, Mexico, Japan, Hong Kong, Australia, Singapore, Iraq
9M 2025 Turnover Breakdown
and a loyal customer base
HOTEL AMENITIES | THIRD PARTY PRODUCTION | SPECIALTY SOAP BASES | ||||||||||||||||||||||||||||||||||||||||||||||
6
ATHENS SMALL CAP 2025
Certain strategic partners not included above due to confidentiality agreements
with growth driven by strong brands…
7 ATHENS SMALL CAP 2025
…and innovation
23
Continued investment in R&D2
Big, new categories
we dynamically entered
New Launches in consumer brands
in 2024
Vegan Natural Sustainable Leading technologiesGOLD
Award in Super Market Awards for our Softeners
8 ATHENS SMALL CAP 2025
Financial Results 9M 2025
Highlights
9 INVESTOR DAY 2025
Trading Update 9M 2025
Turnover
€61M
+23%
EBITDA
€8.5M
+4%
Net Profit
€4.8M
+22%
EPS
€0,18
+23%
PROGRESS
Strong growth driven by branded products (+29%) and third-party production (+41%).
Gross profit amounted to €22.6 million compared to €18.6 million in the
corresponding period of 2024, representing an improvement of 22%.
Operating expenses amounted to €16.3 million compared to €12,7 million in the same period last year, largely due to marketing and sales investment to support new launches in homecare, driving both sales and market share growth.
10 INVESTOR DAY 2025
For 2025 and 2026, the Company expects to maintain its positive momentum in revenue, double-digit growth and further improvement in profitability.