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Alpha Trust-Andromeda Investment Trust S.A.
Fund Information / Factsheet • Oct 17, 2025
2645_rns_2025-10-17_4a180999-e7bc-402a-a6dd-b8f7ae2d7021.pdf
Fund Information / Factsheet
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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 | € 7.74 | |
| NAV | € 35.34 mn | |
| MARKET CAP | € 28.67 mn | More specifically: |
| NUMBER OF SHARES | 3,704,355 |
Participation in Indices
FTSE/ATHEX High Dividend Yield Index ATHEX ESG Index
NAV PER SHARE € 9.54 The Athens Stock Exchange continued its upward trajectory during the third quarter of 2025, achieving a return of 11.09%, closing at 2,034.2 points. For the nine-month period of the year, the Composite Index posted a performance of 38.4%, mainly driven by the 77.5% return of the banking index. The total market capitalization increased to €137.7 bn, with average daily trading volumes reaching €220 m.
More specifically:
In July, the Stock Exchange recorded a 6.78% increase. Banks delivered results in line with expectations, while all four systemic banks announced interim dividends to be distributed in the fourth quarter. Euronext submitted an offer for EXAE, raising new expectations for the inclusion of the Athens Stock Exchange among developed markets while Metlen completed its primary listing on the London Stock Exchange.
In August, after the Composite Index reached 2,135 points—its highest level of the year so far—the ASE gained 1.36%. However, in the final days of the month, the investment climate was affected by international factors such as the ongoing geopolitical crisis between Russia and Ukraine, which showed no signs of easing, and political uncertainty in France, which put pressure on French bonds and the shares of French banks.
September marked the 11th consecutive month of gains for the Composite Index, albeit with a modest increase of 0.62%. It was a month of low trading activity, with the market closing at 2,034 points.
The Greek stock market has demonstrated remarkable resilience, supported by investor positions in bank shares and other selected companies, the potential inclusion of the ASE on a watchlist for possible reclassification to developed market status, and satisfactory corporate financial results. However, geopolitical uncertainties remain elevated, while the significant rally in both the Greek and global markets could potentially lead to profit-taking.
Premium/Discount Min 2025 -17.98% Max 2025 -28.90% Average of the last 52 weeks -24.64% 30/09/2025 -18.86%
- Equity 80.47%
- Cash 15.93%
- Buy Back 2.49%
- FixedIncome 0.84%
- Private Equity 0.26%
| Equity Sector Allocation Note 1 | Top 10 Equity Holdings Note 1 | |||
|---|---|---|---|---|
| Technology | 15.98% | |||
| Industrial | 11.48% | LAMDA DEVELOPMENT SA | ||
| Consumer, Cyclical | 11.45% | |||
| Banks | 9.02% | |||
| Basic Materials | 8.96% | |||
| Consumer, Non-cyclical Real Estate |
7.19% 7.13% |
|||
| Financial Utilities |
4.60% 3.74% |
|||
| Energy | 3.28% | |||
| Communications | 2.74% |
| Company | % of Total |
|---|---|
| QUEST HOLDINGS SA | 6.18% |
| LAMDA DEVELOPMENT SA | 3.67% |
| PROFILE SA | 3.38% |
| PETROS PETROPOULOS | 3.36% |
| MOTOR OIL HELLAS | 3.28% |
| EUROBANK HOLDINGS | 3.25% |
| METLEN ENERGY & METALS | 3.24% |
| PIRAEUS FINANCIAL HOLDINGS | 3.00% |
| PAPOUTSANIS SA | 2.98% |
| CENERGY HOLDINGS SA | 2.96% |
| Total | 35.30% |
Q3 2025 Shareholders Department: tel. + 30 210 6289341, email: [email protected] | www.andromeda.eu
| Performance update | Q3 | YTD | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| NAV Per Share Note 3 | 5.45% | 18.54% | 9.15% | 26.41% | -12.55% | 24.75% | 7.88% |
| Share Price | 14.50% | 19.44% | 0.31% | 5.90% | -21.29% | 33.62% | -3.45% |
| ATHEX Composite Index | 8.90% | 38.41% | 13.65% | 39.08% | 4.08% | 10.43% | -11.75% |
| Risk Return Data Note 5 | |||||
|---|---|---|---|---|---|
| VOLATILITY | |||||
| ALPHA TRUST-ANDROMEDA | 13.68% | BETA | 0.67 | ||
| ATHEX COMPOSITE SHARE PRICE INDEX |
17.99% | R SQUARE | 76.74% | ||
| SHARPE RATIO |
1.40 | CORRELATION | 0. 88 | ||
| SORTINO RATIO |
1.44 |
| 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. Portfolio allocation on the last business day. 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. Adjusted for the 1/100 Reverse Split on 03/09/2012 and the split (4:1) on 27/10/2021, 5. 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 30/09/2025).