Disclaimer

This presentation has been prepared by AS Company S.A. (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity.

While the information in this presentation is based on publicly available sources and internal data considered reliable, the Company, its directors, officers, employees, and agents make no representations or warranties, express or implied, regarding the accuracy, completeness, or correctness of the information provided. Any reliance on such information is at the recipient's own risk.

This presentation may include forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, projections, and assumptions made by the Company about future events. Actual results may differ materially from those expressed or implied in such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in economic conditions, market demand and supply, regulatory and legal developments, competition, technological advancements, and other risks and uncertainties beyond the Company's control.

This presentation is not intended to be detailed or to include all relevant information about the Company. Recipients are encouraged to conduct their own analysis and seek independent financial, legal, and other professional advice before making any investment decisions.

Today's Agenda

1. A few words about AS
1. Key financial figures
2. 1. Our Strategy
3. 1. Q & A

Today's panel

Theodora Koufou General Director

Panagiotis Papaspyrou Group CFO

Efstratios Andreadis President & CEO

Apostolos Petalas Vice-President

OUR JOURNEY OUR MISSION OUR EDGE

1990

1993

2000

2016

2018

2024

Founded

Power Rangers Launch

Listed on ASE

Cyprus Market Expansion

Romania Market Expansion

Baby Product Category

Create JOY & KNOWLEDGE for small and big kids!

COMPETITIVE EDGE

Strong Mega Brands

Solid Partnerships & Licenses

Consumers can find us everywhere…

With cross media plans covering TV, Digital, Social..

Consistent Growth & Profitability

2020 2021 2022 2023 Net Sales €19.607mill. EBITDA €3.115mill. PBT €2.405mill. Net Sales €22.696mill. EBITDA €3.882mill. PBT €3.977mill. Net Sales €28.658mill. EBITDA €4.659mill. PBT €3.284mill. Net Sales €28.697mill. EBITDA €5.500mill. PBT €5.954mill. 2024 Net Sales €31.007mill. EBITDA €5.166mill. PBT €5.568mill.

2024 our record year for Sales

amounts € 000	2024	2023	%
Net Sales Turnover	31.007	28.697	+8,05%
Gross Profit 48,57%	15.060	13.861	+8,65%
EBITDA 16,6 %	5.166	5.500	-6,07%
PBT 18,0 %	5.568	5.954	-6,48%
Profit after Tax 13,6 %	4.210	4.533	-7,14%
Earnings Per Share (in €)	0,3226	0,3470

A' Half 2025 Results

amounts € 000	30/06/2025	30/06/2024	%
Net Sales Turnover	15.311.651	11.597.932	+32,7%
Gross Profit 48,32 %	7.399.092	5.981.197	+19,16%
EBITDA 16,18 %	2.476.719	1.796.545	+42,14%
PBT 11,97 %	1.832.936	1.974.459	-15,84%
Profit after Tax 9,30 %	1.424.935	1.500.942	-13,58%
Earnings Per Share (in €)	0,1094	0,1149

Growing International Presence

2024

we achieved €6.0mill in Int'l Sales vs €2.9mill in 2018.

Capital Discipline & Liquidity Strength

€mill.	2021	2022	2023	2024
EBITDA	3,88	4,66	5,50	5,17

Capital Expenditure	0,06	0,66	0,58	1,60
Total Income from Operating activities	4,37	3,36	-0,76	4,64

CF supports our investments, acquisitions and consistent dividend payout to our shareholders

	2014	2024	CAGR %
Net Sales Turnover	19.244.697	31.007.216	5,44 %
EBITDA EBITDA % on sales	3.085.317 16,0%	5.165.980 16,7%	5,90%
PBT PBT % on sales	13,4%	18,0%	8,89%
Cash & Investments Cash & Investments % on sales	7.650.836 39,8%	15.851.825 51,1%	8,44%

Solid Equity & Zero Net Debt (not including IFRS 16)

	30/06/2025	31/12/2024	%
Bank Lending	0	0
Less: Cash & Investments	-19.274.158	-15.851.825
Net Debt	-19.274.158	-15.851.825	30,9%

Owner's Equity	38.491.425	39.338.113
Leverage Ratio	-50,07%	-36,40%

Maximizing Shareholders' Value

Target 5% dividend Yield from the average share price

	2017	2018	2019	2020	2021	2022	2023	2024
Share Capital refund & Dividends	0,04	0,05	0,07	0,07	0,0837	0,1163	0,1163	0,1906
Total Refund / Dividends paid	525.041 €	656.301 €	918.821 €	918.821 €	1.095.807 €	1.519.856 €	1.519.854 €	2.487.022 €

Total Net Equity	25.567.489 €	27.834.165 €	29.754.891 €	30.210.640 €	31.566.517 €	33.063.386 €	35.349.627 €	37.817.781 €
Number of shares	13.126.020	13.126.020	13.126.020	13.126.020	13.126.020	13.126.020	13.126.020	13.126.020
Book value per share	1,95 €	2,12 €	2,27 €	2,30 €	2,40 €	2,52 €	2,69 €	2,88

Share Info

	30/06/2025	31/12/2024
Owner's Equity	38.491.425	39.338.113
Weighted Avg Shares	13.026.810	13.049.694
Book Value per Share	2,95	3,01

Cash & Investments	19.274.158	15.851.825
C&I/Shares	1,48	1,21

Share Info
Price @ 27/10/2025	3,89
52 week high	4,25
52 week low	2,45
YoY%	49,62%
ADY	4,40%
P/E (TTM)	12,26
EPS (ITM)	0,32
MarketCap	€50,67mill.

Incorporating ESG into our daily

operations

Remove

We remove non-recyclable materials from products and packaging, such as shrink wraps, PVC blisters, etc.

Recycle

We seek and use raw materials from suppliers with recyclable sources and ecological certifications such as FSC

Materials

We select and develop products from natural materials

The volume of paper and plastic parts in packaging is systematically reduced

Strengthening Corporate Governance Standards

Board Composition

Four (4) Executive Members Four (4) Non- Executive Members 25% of the members are women Three (3) independent non-executive members Three (3) year term

Executive Directors

Efstratios Andreadis, executive member, President of the BoD and CEO. Anastasia Andreadou, executive member and Executive Vice-President. Theodora Koufou, General Director executive member. Konstantinos Andreadis, Exports Director, executive member.

All Committees are comprised of non-executive members:

Apostolos Petalas, Non Executive Vice President of the BoD and Independent non-executive member of the BoD, President of the Audit Commitee, President of Nomination and Remuneration Committee with a diverse and vast background in consumer goods and focus on organizarional leadership and negotiations.

Athanasios Chrysafidis , Independent non-executive member of the Board, member of the Audit Committee, member of the Nomination and Remuneration Committee long-term experience in the financial services sector and extensive knowledge of capital markets and corporate governance.

Georgios Vletsos, Independent non-executive member of the BoD, member of the Audit Committee CFO of "Redestos SA" overseeing the financial strategy and financial management of the group's companies domestically and abroad.

Theofilos Mechteridis, Non-executive member of the BoD, member of the Audit Committee, member of the Nomination and Remuneration Committee expertise in international transit trade, import and trade.

Portfolio Evolution & Category Diversification

AS Company's product portfolio has evolved beyond traditional toys, reflecting a broader strategy to serve diverse age groups and consumer needs. The three primary categories are: