Regulated Information Announcement - Provision of clarifications regarding the transfer of the participation in the subsidiary "Kiriacoulis France SARL"
Following the announcement dated 24/02/2026 and pursuant to a relevant request from the Hellenic Capital Market Commission, the company "Y/KNOT Invest S.A." (the "Company") wishes to further inform the investing public regarding the transfer of its entire participation, i.e. a 70% stake, in the company under the name "Kiriacoulis France SARL" ("KF"), as follows:
1. Comparative Financial Figures of KF and the Group.
As stated in the announcement of 24/02/2026, the divestment from KF is part of Management's strategic decision to disengage from loss-making foreign activities, taking into account the deterioration of its financial figures and the negative equity of the company at the time of the transfer. The tables below present, in order, the financial data of KF and its subsidiaries and the consolidated financial data of the Y/KNOT Invest group, formerly the KIRIAKOULIS MEDITERRANEAN CRUISES group (the "Group"):
Amounts expressed in thousand €
| Statement of profit or loss | 12M - 2023A | 12M - 2024A | 6M - 2025P | 12M - 2025P |
| Revenues | 34.213 | 39.813 | 7.371 | 8.686 |
| Gross Profit | 403 | 1.752 | 209 | 366 |
| Profit/Loss after tax | (428) | 296 | (75) | (603) |
| Statement of financial position | 31.12.2023A | 31.12.2024A | 30.06.2025P | 31.12.2025P |
| Total assets | 19.062 | 9.076 | 6.881 | 5.106 |
| of which: | ||||
| Non-current assets | 157 | 114 | 103 | 95 |
| Supplier advances | 10.069 | 1.579 | 623 | 502 |
| Total liabilities | 19.982 | 9.699 | 7.579 | 6.332 |
| of which: | ||||
| Borrowings | 950 | 599 | 599 | 407 |
| Customer advances | 12.483 | 1.851 | 751 | 183 |
| Equity | (919) | (623) | (698) | (1.226) |
A: Audited Financial Statements
P: Draft, unaudited Financial Statements
Note 1: Before intercompany eliminations
Amounts expressed in thousand €
| Statement of profit or loss | 12M - 2023A | 12M - 2024A | 6M - 2025A |
| Revenues | 40.514 | 40.888 | 8.749 |
| Gross profit | 3.335 | 1.734 | (356) |
| Profit/Loss after tax | (2.013) | (2.154) | (1.702) |
| Statement of financial position | 31.12.2023A | 31.12.2024A | 30.06.2025A |
| Total assets | 49.057 | 35.560 | 29.898 |
| of which: | |||
| Non-current assets | 22.361 | 21.447 | 20.795 |
| Total liabilities | 41.133 | 29.827 | 25.867 |
| of which: | |||
| Borrowings | 7.086 | 6.293 | 6.392 |
| Equity | 7.924 | 5.733 | 4.031 |
A: Audited Financial Statements
2. Strategic Restructuring and Continuation of Activity.
The transaction forms part of the Group's strategic restructuring aimed at reducing operating costs and enhancing profitability. Specifically:
As highlighted in the 24/02/2026 announcement, the Group's commercial activity (sales and chartering of vessels) is not discontinued, but is now carried out centrally, from Greece, through Greek Group companies.
Already, within the current year (2026), vessel sales have been executed through Greek Group companies, confirming the operational effectiveness of the above strategic decision.
3. Impact on the Group's Financial Results.
From this transaction and the discontinuation of the consolidation of the loss-making results and the negative equity of KF, the Group is expected to recognize income from the sale of the 70% participation amounting to approximately €800 thousand. This effect will be reflected in the interim financial statements for the first half of 2026.
Upon completion of the divestment, the Management of the Company ensures the Group's disengagement from activities with high working capital requirements and coordination costs, focusing instead on the further development of its operations in Greece and the improvement of consolidated results.
In accordance with the relevant provisions of French law, the transaction will be finalized upon publication of the related documents in the French commercial registry (Registre du Commerce et des Sociétés).
The Company will continue to inform the investing public of any material development.