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Alpha Trust-Andromeda Investment Trust S.A.
Investor Presentation • Jul 15, 2025
2645_rns_2025-07-15_f546404e-cd75-406d-b3de-8a300c6d26f5.pdf
Investor Presentation
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Q2 2025 Shareholders Department: tel. + 30 210 6289341, email: [email protected] | www.andromeda.eu
Investment Focus
ALPHATRUST-ANDROMEDA Investment Trust S.A. is the only closed- end fund listed on the Athens Stock Exchange. Seeks to invest in fundamentally sound assets in the domestic equity and fixed income markets with a medium to long term horizon. The portfolio is managed by ALPHATRUST.
| Share Facts | Manager's Comment | |
|---|---|---|
| SHARE PRICE | € 6.76 | |
| NAV | € 34.39 mn | year. |
| MARKET CAP | € 25.04 mn | |
| NUMBER OF SHARES | 3,704,355 | |
Participation in Indices
FTSE/ATHEX High Dividend Yield Index ATHEX ESG Index
NAV PER SHARE € 9.28 The Athens Stock Exchange continued its upward trend in the second quarter of 2025, achieving a return of +10.85%, closing at 1,868.02 points, after eight consecutive months of positive returns. Total market capitalization increased to €126.8 billion, with the average daily trading volume reaching €197 million, up +42% from the previous year.
In April, Trump's announcements of imposing sweeping tariffs shocked the markets, causing the General Index to wipe out all its yearly gains, falling back to 1,478 points. However, boosted by the US president's announcement of a 90-day suspension of tariffs, the Athens Stock Exchange managed to recover.
In May, share restructuring at Alpha Bank gave new impetus to the banking sector stocks. The strengthening of Unicredit's presence (which is the 15th largest bank in Europe) in Alpha Bank and the potential increase of its stake to 30%, have set new standards in the sector. In addition, corporate profitability based on the Q1 2025 results remains supportive to the valuations, but is expected to stabilize compared to the upward trend of the previous three years.
In June, the initial caution regarding military operations between Israel and Iran was overcome by their rapid deescalation, bringing renewed optimism to the markets.
The first half of the year, the Athens Stock Exchange presented an impressive performance of +27.1% for the General Index, mainly as a result of the +50.19% performance of the banking sector index.
Going forward, the international environment remains fragile both in geopolitical terms and in terms of US tariff policy, as there are still ongoing talks among the trading partners. The Greek stock market has demonstrated considerable resilience and is supported by investors' positions in bank stocks and other selected large-cap companies, the possible inclusion of the Athens Stock Exchange on the watch list for a possible upgrade to developed market, the country's outstanding macroeconomic and fiscal picture, as well as the strong corporate financial results.
| Premium/Discount | |
|---|---|
| Min 2025 | -21.27% |
| Max 2025 | -28.11% |
| Average of the last 52 weeks |
-24.40% |
| 30/06/2025 | -27.19% |
Share Price NAV Per Share
| Equity Sector Allocation Note 1 | Top 10 Equity Holdings Note 1 | ||
|---|---|---|---|
| Technology | 18.12% | Company | % of Total |
| Industrial | 13.81% | QUEST HOLDINGS SA | 6.50% |
| Consumer, Cyclical | 13.02% | METLEN ENERGY & METALS | 5.53% |
| Basic Materials | 9.83% | MOTOR OIL HELLAS | 4.41% |
| Consumer, Non-cyclical | 9.40% | PPC SA | 4.27% |
| Banks | 9.01% | PROFILE SA | 4.15% |
| Real Estate | 5.24% | TITAN CEMENT INTERNATIONAL | 3.79% |
| Financial | 4.49% | PETROS PETROPOULOS | 3.75% |
| Energy | 4.41% | KRI KRI MILK INDUSTRY SA | 3.33% |
| Utilities | 4.27% | HELLENIC TELECOMMUN ORGANIZATION |
3.29% |
| Communications | 3.29% | REAL CONSULTING IT BUSINESS | 2.90% |
| Total | 41.90% |
Share Price & Nav Per Share Chart
- Cash 4.42%
- Buy Back 2.13%
- FixedIncome 0.92%
- Private Equity 0.28%
Q2 2025 Shareholders Department: tel. + 30 210 6289341, email: [email protected] | www.andromeda.eu
| Performance update | Q2 | YTD | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| NAV Per Share Note 3 | 6.85% | 12.41% | 9.15% | 26.41% | -12.55% | 24.75% | 7.88% |
| Share Price | 0.90% | 4.32% | 0.31% | 5.90% | -21.29% | 33.62% | -3.45% |
| ATHEX Composite Index | 10.85% | 27.10% | 13.65% | 39.08% | 4.08% | 10.43% | -11.75% |
Risk Return Data Note 6
| VOLATILITY | |||
|---|---|---|---|
| ALPHA TRUST-ANDROMEDA | 14.38% | BETA | 0.69 |
| ATHEX COMPOSITE SHARE PRICE INDEX |
18.88% | R SQUARE | 81.01% |
| SHARPE RATIO |
1.10 | CORRELATION | 0.90 |
| SORTINO RATIO |
1.07 |
Dividends (D) & Capital Returns (R)
| Ex. Date | Type | € / share | Ex. Date | Type | € / share | Ex. Date | Type | € / share |
|---|---|---|---|---|---|---|---|---|
| (19/05/25) | D | 0.330 | (29/06/21) | D | 0.445 | (10/09/10) | R | 1.250 |
| (21/10/24) | D | 0.179 | (24/09/20) | R | 0.188 | (22/04/10) | D | 2.500 |
| (13/05/24) | D | 0.316 | (31/12/19) | R | 0.188 | (29/09/09) | R | 1.500 |
| (30/10/23) | D | 0.209 | (12/08/19) | R | 0.188 | (26/03/09) | R | 3.000 |
| (22/05/23) | D | 0.200 | (05/04/18) | D | 0.188 | (14/08/08) | D | 2.000 |
| (16/12/22) | D | 0.180 | (29/04/14) | D | 0.200 | (12/03/08) | D | 3.750 |
| (23/05/22) | D | 0.256 | (23/11/11) | R | 25.000 | (10/08/07) | D | 2.500 |
| (12/01/22) | D | 0.128 | (09/09/11) | R | 1.250 | (09/03/07) | D | 4.250 |
| (15/12/21) | D | 0.128 | (21/03/11) | R | 2.500 | (10/08/06) | D | 2.000 |
Source: ALPHA TRUST, Athens Stock Exchange, Bloomberg
Notes: 1. Average weighted quarterly data, 2. 24/10/2011: Decision of Extraordinary General Shareholders Meeting for Share capital decrease via capital return to shareholders & Against dissolution and liquidation of the Company, 3. Performance is dividend adjusted, excluding Own Shares, 4. Share Capital Increase, 5. Adjusted for the 1/100 Reverse Split on 03/09/2012 and the split (4:1) on 27/10/2021, 6. Risk-Returns performance measures for the last year of observations
This report contains data regarding past transactions and services and does not constitute binding or secure predictions with regards to future results of those transactions and services. This report is intended for information purposes only. Part of the information and data of this report have been collected from reliable sources, nevertheless there is no guarantee for their accuracy or their validity. Any data and estimations contained herein do not constitute under any circumstances analysis, instigation (or the opposite) or investment advice for specific transactions. The companies ALPHA TRUST and ALPHA TRUST-ANDROMEDA Investment Trust S.A. bear no liability for any investment that may take place based on estimates published in this report, since money markets and capital markets are subject to unforeseeable fluctuation and the return on the investments may be either losses or profits and consequently under no circumstances can it be guaranteed. ALPHA TRUST is the portfolio manager of ALPHA TRUST-ANDROMEDA Investment Trust S.A. and owns directly 0.977% ALPHA TRUST-ANDROMEDA Investment Trust S.A. shares, while is entitled to exercise voting rights corresponding to 20.815% in total, of the total number of voting rights attached to ALPHA TRUST-ANDROMEDA Investment Trust S.A. shares (data as at 30/06/2025).
| Company Overview | ||
|---|---|---|
| INCEPTION DATE | 25/7/2000 | |
| LISTING DATE (IPO) | 19/12/2001 | |
| DOMICILE | Greece | |
| BASE CURRENCY | EUR | |
| Share Codes | ||
| ISIN | GRS433003019 |
| ISIN | GRS433003019 |
|---|---|
| OASIS (ASE) | ANDRO |
| BLOOMBERG | ANDRO GA |
| REUTERS RIC | ANDRr.AT |