Ekter S.A.

Investor Presentation • Oct 1, 2025

Table of contents

During H1 2025, EKTER S.A. continued to undertake, execute and deliver important public and private projects • Radiotherapy – chemotherapy center and renovation of the

• clinics building for 300 men of the "SOTIRIA" hospital, budget €22.1mn (EKTER S.A. 50%)
• Hellenic Pasteur Institute, budget €11.6mn
• Completion of renovation and modernization project of a heritage building at 16 Sina Street (Bank of Greece S.A.)

• Completion of renovation and upgrading of the Emergency Department, laundry areas – basements and nursing departments on the 5th floor of the central wing of the General Hospital of Attica "KAT"

• Expansion of the Emergency Department and construction of a resuscitation room at the General Hospital of Ioannina, budget €3.5mn

• Construction of country houses in Milos and Paros islands, budget €4.7mn

Q1 2025 Q2 2025 Q3 2025

• Completion of the project for the expansion, rearrangement, repair and improvement of the building facilities of the Chios National Airport (Sub-projects 3, 4, 7), budget €7.5mn
• Completion of the restoration project of the facades of the French Embassy in Athens
• Completion of absorption of IFIKLIS S.M.S.A.
• Ex-dividend and payment of €0.0650 per share before tax
• Completion of the project for the rearrangement General Hospital of Lamia
• renovation upgrade of the Emergency Department at the • Completion of the construction of a new building with an amphitheater for the expansion of the Oncology Clinic and the integration of the new Radiotherapy Center and the Department of Nuclear Medicine at the General Hospital of Lamia • Signing of a project contract with Orilina Properties, • Signing of Infinity, Six Senses Porto Heli projevt , budget
• regarding preliminary works for the Marina Residences project in Greece, budget €0.6mn
• €26.5mn

All criteria have been met and the submission of the application for the 7th grade contractor's degree is now imminent

Strong financial performance with surging results and further improvement of an already solid financial structure

Larger sized projects and rapid execution led to a significant increase in turnover

Backlog remains consistently above €100mn, enhancing turnover visibility in the medium term

Public Projects 53% Private Projects 47% Backlog Breakdown1 105.686 122.981 Backlog (€ '000) 31.12.2024 30.09.2025 1. Backlog includes only signed projects. Projects to be signed are excluded. €123.0mn

The quality of projects undertaken and their effective execution, boosted gross profit and gross profit margin

3.338 7.209 Gross Profit (€ '000) 30.06.2024 30.06.2025 9,4% 17,2% Gross Margin (%) 30.06.2024 30.06.2025 +116.0% +780bp

Increased gross profit and cost containment led EBITDA and EBITDA margin to more than double

Further strengthening of capital base and liquidity, reduction of bank loans, with cash exceeding debt obligations

Notable increase of operating cash flows and particularly high conversion ratio of profits to cash flows

The Share

Source: ΑΤΗΕΧ

Statement of Financial Position

Statement of Financial Position
(amounts in €) ASSETS	GROUP 30.06.2025	31.12.2024	COMPANY 30.06.2025	31.12.2024
Own-used tangible fixed assets	32,529,382	32,788,682	32,529,382	32,788,682
Investment property	7,975,500	7,975,500	7,920,500	7,920,500
Right to use assets	365,136	438,280	365,136	438,280
Other intangible assets	49,744	54,195	49,744	54,195
Investments in joint ventures	-	-	231,900	231,900
Other long-term receivables	138,290	139,290	138,290	139,290
Deferred tax receivables Total Non-Current Assets	62,494 41,120,545	58,547 41,454,494	62,494 41,297,445	58,547 41,631,394
Trade receivables	16,271,088	26,911,421	16,271,088	26,911,421
Receivables from contractual assets	9,469,472	3,838,607	9,469,472	3,838,607
Other receivables	8,701,325	9,233,950	8,577,379	9,241,536
Cash & cash equivalents	14,721,867	10,174,615	14,704,074	10,166,896
Total Current Assets	49,163,752	50,158,593	49,022,013	50,131,460
Total Assets	90,284,298	91,613,087	90,319,459	91,762,854
EQUITY
Share capital	6,988,457	6,988,457	6,988,457	6,988,457
Premium Other reserves	12,476,805 4,866,130	12,476,805 4,854,560	12,476,805 4,845,994	12,476,805 4,845,994
Retained earnings/losses	24,271,056	19,760,047	24,168,549	19,758,120
Total Equity	48,602,449	44,079,869	48,479,806	44,069,377
LIABILITIES
Long-term loans	12,144,444	12,466,667	12,144,444	12,466,667
Long-term financial lease liability	148,474	230,723	148,474	230,723
Deferred tax liability	3,379,139	2,200,800	3,440,664	2,261,488
Other long-term liabilities	1,245,819	1,312,873	1,245,819	1,312,873
Provisions for post-employment benefits for employees	40,425	40,425	40,425	40,425
Total Long-Term Liabilities	16,958,301	16,251,487	17,019,826	16,312,175
	9,883,060	12,855,518	9,879,340	12,855,090
Suppliers and other liabilities	7,256,257 1,420,855	8,829,257	7,256,257	8,829,257
Contractual obligations		2,210,477	1,420,855	2,210,477
Loans		240,613	242,966	240,613
Short-term financial lease liability	242,966
Liabilities from taxes - duties	3,390,108	4,997,933	3,390,108	4,997,933
Other liabilities	2,530,301	2,147,934	2,630,301	2,247,933
Total Short-Term Liabilities Total Liabilities	24,723,548 41,681,849	31,281,731 47,533,218	24,819,827 41,839,653	31,381,302 47,693,477

Statement οf Comprehensive Income

Statement οf Comprehensive Income
		GROUP		COMPANY
(amounts in €)	01.01 - 30.06.2025	01.01 - 30.06.2024	01.01 - 30.06.2025	01.01 - 30.06.2024
Turnover	41,862,741	35,444,579	41,862,741	34,441,689
Cost of sales	(34,653,717)	(32,106,607)	(34,653,717)	(30,263,661)
Gross Margin	7,209,023	3,337,973	7,209,023	4,178,028
Other income	526,900	142,396	400,295	75,596
Administrative expenses	(1,206,398)	(1,475,060)	(1,202,887)	(1,456,760)
Other expenses	(104,835)	(273,945)	(81,536)	(271,156)
Income from participations and investments	(6,219)	4,323,823	(6,219)	(16,110)
Earnings Before Interest & Taxes	6,418,471	6,055,187	6,318,677	2,509,599
Interest income	803,051	198,921	803,051	198,921
Interest expanse	(1,220,488)	(484,930)	(1,220,438)	(214,885)
Earnings Before Taxes	6,001,033	5,769,178	5,901,289	2,493,635
Income tax	(1,490,024)	(574,162)	(1,490,860)	(615,926)
Profit for the Period After Taxes	4,511,009	5,195,015	4,410,429	1,877,709
EBITDA	7,059,803	2,777,136	6,960,008	2,704,379

Source: Semiannual Financial Report

Statement of Cash Flows

Statement of Cash Flows
	GROUP		COMPANY
(amounts in €)	01.01 - 30.06.2025	01.01 - 30.06.2024	01.01 - 30.06.2025	01.01 - 30.06.2024
Cash Flows from Operating Activities
Profit (loss) Before Taxes	6.001.033	5.769.177	5.901.289	2.493.635
Adjustments for:
Results from investment activity	-	(4.339.933)	-	-
Changes in liabilities due to staff retirement	-	504.003	-	73.095
Depreciation of tangible fixed assets	509.730	4.384	509.730	2.551
Amortization of intangible assets	4.451	103.025	4.451	103.025
Amortization of rights of use	120.931	-	120.931	-
Impairment of doubtful receivables	-	103.158	-	103.158
Losses from construction contracts	(294.914)	16.110	(294.914)	16.110
Share of net gains (losses) from associates, accounted for using the equity-method	6.219	(198.921)	6.219	(198.921)
Interest collected	(803.051)	484.931	(803.051)	214.885
Interest paid	1.220.488,25	-	1.220.438	-
Total adjustments	763.856	(3.323.243)	763.805	313.902
Changes in working capital
(Increase) / Decrease in customer and other receivables	5.215.882	(6.994.669)	5.320.414	(6.924.538)
Increase / (Decrease) in suppliers and other liabilities	(5.527.123)	5.418.953	(5.541.985)	3.071.601
Net Cash Flows from Operating Activities	6.453.647	870.217	6.443.523	(1.045.400)
Cash Flows from Investing Activities
Purchases of tangible fixed assets	(250.431)	(542.745)	(250.431)	(511.769)
Purchases of intangible assets	-	(6.210)	-	(6.210)
Purchases of investment property	-	(66.710)	-	(66.710)
Acquisition/sale of subsidiaries, joint ventures and other investments	1.000	747.461	1.000	645.000
Net Cash Flows from Investing Activities	(249.431)	131.796	(249.431)	60.311
Cash Flows from Financing Activities
Repayment of loans	(1.111.845)	(544.032)	(1.111.845)	(226.626)
Payment of financial lease liabilities	(127.682)	(98.940)	(127.682)	(98.940)
Dividends paid to shareholders of the company	-	(1.818.385)	-	(1.818.385)
Interest paid	(1.220.488)	(484.931)	(1.220.438)	(214.885)
Interest collected	803.051	198.921	803.051	198.921
Net Cash Flows from Financing Activities	(1.656.964)	(2.747.366)	(1.656.914)	(2.159.915)
Net Increase / (Decrease) in Cash & Cash Equivalents	4.547.252	(1.745.353)	4.537.178	(3.145.003)
Cash and cash equivalents at the beginning of the period Cash & Cash Equivalents at the End of the Period	10.174.615 14.721.867	15.165.135 13.419.782	10.166.896 14.704.074	15.151.818 12.006.815

Source: Semiannual Financial Report

Backlog

	EKTER S.A.
	BACKLOG
	(in € '000) 26,509
100%	11,355
	11,061
100%	10,349
	8,175
100%	8,087
100%	7,937
	7,722
	6,473
100%	4,266
	3,212
50%	3,192
100%	2,677
100%	2,362
100%	2,361
	1,975
	1,652
	1,271 2,345
	(%) PARTICIPATION 100% BUILDING INFRASTRUCTURE OF THE INSTITUTE OF MEDITERRANEAN STUDIES OF TRI (RETHYMNO)" (SUBPROJECT 5) OF THE 50% 50% CONSTRUCTION OF A BUILDING DEDICATED TO CELL AND GENE THERAPIES AND HEMATOLOGY CLINIC LABORATORIES AT THE 100% 50% EXPANSION OF THE INTENSIVE CARE UNIT AND CONSTRUCTION OF A RESUSCITATION ROOM AT THE GENERAL HOSPITAL OF 100% "INFRASTRUCTURE OF RESEARCH & INNOVATION OF TRI (IOANNINA)" (SUBPROJECT 10) OF THE PROJECT "1. TECHNOLOGY AND EXPANSION OF THE BUILDING FACILITIES OF THE INSTITUTE OF INFORMATICS AND TELECOMMUNICATIONS (I.P&T) OF NSR "D" "INNOVATIVE INSTALLATION OF GREEN ENERGY TRANSITION (PATRA)" (SUBPROJECT 9) OF THE PROJECT "1. TECHNOLOGY AND 100% STAVROS NIARCHOS FOUNDATION (SNF) BUILDING COMPLEX, "FOTIS KONTOUGLOU" SCHOOL OF HAGIOGRAPHY & BYZANTINE 100%

Contact Details

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Apostolos Bakogiannis General & Technical Director

Kostantinos Sipsas Bouzas Chief Executive Officer

Artemios Darzentas

Investor Relations Officer

Nikis 15, Athens, 10557 Τηλ.: 210 3259700 | e-mail: ekter@ekter.gr www.ekter.gr

Disclaimer

This presentation may contain forward-looking statements, which are based on estimates and assumptions about expected developments and other factors that affect the company. These estimates are not historical facts and do not constitute a guarantee for the future performance of the company. These forward-looking statements involve risks and uncertainties as there are factors that may cause the company's future results to significantly deviate from these estimates. More information on potential risks and uncertainties affecting EKTER S.A. is described in the fillings made by EKTER S.A. in ATHEX. Forward looking statements refer only to the date of this presentation. This presentation is a product of EKTER S.A. Copying, distribution and use without the company's permission is strictly prohibited.

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