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A dynamic portfolio of companies drive future growth Conference Call Presentation H1 2026 Financial Results H1 2026 Conference Call Presentation 13rd September 2026
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Content Highlights H1 2026 p.4 Financials H1 2026 p.5 Capital Markets p.6 Shareholder Return p.7 Investments p.8 Attica p.9 BYTE Group p.14 Barba Stathis p.19 Transaction Overview p.24 Appendix p.26 H1 2026 Conference Call Presentation 23rd September 2026
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A. H1 2026 H1 2026 Conference Call Presentation 3 Damianos Papakonstantinou Head of Strategy H1 2026 Conference Call Presentation 33rd September 2026
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A dynamic story that continues to bring meaningful value Revenue* €274.6 +27% Comp. EBITDA €28.8 +10% Comp. Net profit €13.4 +18% H1 2026 Conference Call Presentation 43rd September 2026 • Investing € 118.75m million acquiring OHA minorities in all investments • Implied Valuation at transaction: ▪ IDH € 6.7/ share ▪ ADPS € 3.3 /share Key Financials H1 2026 in €m *Statutory Revenue
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Highlights H1 2026 – Historic high across all investments Financial Performance Revenue per Company in €m H1 2026 H1 2025 Δ Byte Group 66.8 57.1 17% attica 113.6 106.3 7% Barba Stathis 69.5 64.3 8% Distribution 25.4 29.4 16% Comparable EBITDA in €m H1 2026 H1 2025 Δ Byte Group 10.3 8.5 22% attica 12.4 11.8 5% Barba Stathis 6.9 6.8 1% Holdco PL (incl. Distribution) (0.8) (0.8) - Total 28.8 26.3 10% Revenue reached €274.6 million, an increase of 27% compared to the previous year, driven by organic growth in all investments, and also by the full integration of Barba Stathis results. Comparable EBITDA, at €28.8.m vs. €26.3 m up by 10% driven by organic growth mainly from IT and attica investments. • Comparable EBT up by 18% at €19.0 m vs €16.1m in H1 2025 • Comparable ΕΑΤ at €13.4m up by 18% • Group Cash position at €137.6m, incl. credit card receivables of €8.8m Share Capital Returns Development • €0.85/ share (total distribution of €47.6m); • 13.6% divided yield (€6.23 avg. price H1 2026). Transactions • Completion of attica Department Stores secondary offering raising €57.6 million which is the third capital markets transaction after the €48m SCI in 2025 and the €100m Bond Issue in 2023 – reinforces the Group's capital markets track record and access. H1 2026 Conference Call Presentation 53rd September 2026
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Capital Markets • Successful completion of of €57.6m through a Public Offering • Oversubscribed 3.9x • 18 million new shares offered at €3.20 Post H1 2026 - July 2026 attica IPO Institutional Clients; 38%Retail Clients; 62% Public Offering Allocation Institutional vs Retail H1 2026 Conference Call Presentation 63rd September 2026 57.6 212.1 0.0 50.0 100.0 150.0 200.0 250.0 Capital Raised (Public Offering + Parallel Placement) Valid Investor Demand €m Offer Size vs. Investor Demand (€m)
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Shareholders’ Return 2022 - 2026 Shareholders’ reward, with aggregate 4-year capital return of €1.83/share ; Total distribution of €93.4million Capital Return to Shareholders (€m) € 1.83€ 0.85 7.0 7.6 9.6 21.6 47.6 93.4 2022 2023 2024 2025 2026 Cumulative 0 10 20 30 40 50 60 70 80 90 100 113 111 152 224 332 294 322 402 425 469 0 50 100 150 200 250 300 350 400 450 500 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 As of 26.8.26* Market Cap Evolution (€m) Adjusted for Dividend 4-yearaggregatecapitalreturn = 28% of CurrentMarketCap* Source: Bloomberg H1 2026 Conference Call Presentation 7 * Share price as of 26/8/2026 3rd September 2026
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B. Investments Overview H1 2026 Conference Call Presentation 83rd September 2026
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attica Financial & Operational Review B. Investments Overview A resilient business model driven by experiential retail is set for growth Dimosthenis Boumis, CEO attica H1 2026 Conference Call Presentation 93rd September 2026
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attica Business Highlights H1 2026 • Revenue reached € 113.6 m representing a +7% increase compared to H1 2025, accelerating from the +4% pace of H1 2025. The growth was driven by a 4% increase in transactions, indicating an improvement in the conversion rate. (increased to 37% from 35.5%). • Comparable EBITDA € 12.4 m increased by 5% with the margin at 11% flat • Comparable EBT € 9.1 m increased by 8% with the margin at 8% • Net Financial Expenses decreased by -3% vs LY driven by lower interest rates and reduced average debt levels. • Comparable EAT reached € 7.1 m up by 9% compared to the same period last year. • Net cash position of € 3.6 m as of 30.06.2026 following a one-off dividend distribution (dividend/SC return) of € 32.8 m during the reporting period . • Due to the seasonality of the business, the second half of the year traditionally accounts for the largest part of total annual revenue and profitability. H1 2026 Conference Call Presentation 103rd September 2026
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attica Comparable Financials H1 2026 106.3 113.6 H1 2025 H1 2026 Revenue (€m) +7% 11.8 12.4 H1 2025 H1 2026 Comparable EBITDA (€m) +5% 11% 20.2 21.2 H1 2025 H1 2026 Statutory EBITDA IFRS16 (€m) +5% H1 2025 H1 2026 Comparable EAT (€m) 6.5 7.1 +9% H1 2026 Conference Call Presentation 113rd September 2026 11% 18.8 28.6 59.4 32.2 0.0 20.0 40.0 60.0 80.0 Dec'25 Jun'26 Debt / Cash* (€m) Debt (LT+ST) Cash Dividends *incl. credit card receivables of €8.8m € 32.8 m
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78% 20% 2% Revenue by product category (6M 2026) Fashion Beauty Other attica Business Overview H1 2026 A resilient business model driven by experiential retail is set for growth 2.4 2.8 3.1 3.2 3.2 2.4 2.6 2.8 3.0 3.2 3.4 6M 2022 6M 2023 6M 2024 6M 2025 6M 2026 Customer visits (in m visitors) 2.6 3.7 4.0 5.5 6.8 2.6 3.6 4.6 5.6 6.6 7.6 6M 2022 6M 2023 6M 2024 6M 2025 6M 2026 Online sales (€ m) CAGR 27% 80.1 88.4 94.1 94.7 97.1 80.0 85.0 90.0 95.0 100.0 6M 2022 6M 2023 6M 2024 6M 2025 6M 2026 Average receipt (€) 3.3 3.53 H1 2025 H1 2026 Sales / sq.m. (€000/sq.m) Tax free sales up by +2%, reaching 10.5% of total sales More than 60 new premium brands added in H1 2026 H1 2026 Conference Call Presentation 123rd September 2026
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Outlook & Projects Update • FY Outlook : Expected Revenue & Comparable EBITDA: +7% - 9% vs 2025; Exp. EBT: +8% - 10% vs 2025 • Net cash (at 31/7): € 14m, Exp. Net cash (at 31/12): € 25 – 30m • Getting ready for the peak commercial period of November (Black Friday ) / December (Christmas) ; design marketing actions and retain number of staff in the stores, to maintain high level of service. • Opening of attica beauty store at Mall Athens • Upgrade front -end systems to enhance personalization and customer experience (launched in Q2, exp. full roll -out within Q4); • Implementation of CRM/ Loyalty scheme (exp. roll -out Q4); • Implementation of E -shop 3pl logistics (exp. roll -out Q4); • Further boost e -commerce through AI technology tools (in progress, exp. full roll -out Q2-2027); i. Opening of 3 new stores at Riviera Galleria, Hellinikon (fall 2027) ii. Opening of 1 monobrand store at Mall Athens (fall 2027) Update on current projects Looking forward H1 2026 Conference Call Presentation3rd September 2026 13 Outlook
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BYTE Group Financial & Operational Review B. Investments Overview Positive momentum continues across our portfolio companies Panos Vasiliadis, CEO H1 2026 Conference Call Presentation 143rd September 2026
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BYTE Group Business Highlights H1 2026 • Revenue increased by 17% to €66.8 m , reversing the -2% decline of H1 2025, driven by a rebound in project activity across the IT companies, with the strongest performance delivered by the Digital Fast Lanes businesses(Cyber, Trust). • Comparable EBITDA up +22% to €10.3 m; EBITDA margin continued to expand to 15.5% (vs 14.8% in H1 2025 and 10% in H1 2024) – confirming the strategic shift towards higher-margin, value - added services , further supported by the deployment of Agentic AI in SOC operations, which is enhancing automation and analyst productivity while improving service quality and supporting margin expansion. • Comparable EBT reached €9.4 m up by 29% vs last year • Comparable EAT reached € 7.2 m up by 29% compared to the same period last year • Net cash position of € 17.3m as of 30.06.2026 following a one-off dividend Distribution (dividend/SC return) of € 18.4 m during the reporting period. • Byte Group backlog of ~€86m. H1 2026 Conference Call Presentation 153rd September 2026
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BYTE Group Comparable Financials H1 2026 57.1 66.8 H1 2025 H1 2026 Revenue (€m) +17% 8.5 10.3 H1 2025 H1 2026 Comparable EBITDA (€m) +22% 5.6 7.2 EAT (€m) +29% H1 2026 Conference Call Presentation 163rd September 2026 15 % 15.4% SI CyberSec Trust Services 41.8 46.5 13.9 17.6 2.4 3.7 +11% +26% +51% H1 2025 H1 2026 *Revenue per BU is presented before eliminations Revenue* per BU (€m) 4.6 6.1 28.9 23.4 0.0 10.0 20.0 30.0 40.0 Dec'25 Jun'26 Debt / Cash (€m) Debt (LT+ST) Cash Dividends € 18.4 m
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B2B ; 72% B2G; 28% Revenue breakdown by sector BYTE Group Comparable Financials H1 2026 H1 2026 Conference Call Presentation 173rd September 2026 22% 78% RRF Non RRF 89% 11% National International Government TMT Financial Services Energy & Utilities Wholesale & Industrials 28% 18% 16% 14% 11% Revenue by Geographic market RRF revenues exposureTop 5 Market segment Analysis 69% 26% 5% Revenue breakdown by service System Integration Cybersecurity Trust Services
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Outlook and Projects Update Outlook • Based on our current backlog pipeline and strong projects visibility, we expect full year performance to be in the following range: Revenues of €115-125 million EBITDA of €17-18 million EBITDA % of aprox. 15% • Growth trend is expected to continue, mainly driven by: i. Agentic AI deployment within SOC and CyberSecurity/SOC mix improvement ii. eID/EUDI Wallet rollout by all EU member states iii. Higher value SI & cross selling – focus on higher-margin digital transformation projects expanding customer lifetime value and increasing recurring revenue basis iv. Scale & productivity efficiencies between IDH IT companies Upcoming projects/initiatives i. AI-powered CyberSecurity – Scale SOC/MSSP services by further deploying Agentic AI to increase productivity, quality & margins. ii. New eIDAS 2.0 Trust Service (ePreservation – roll out expected early 2027) iii. Accelerate International Business Development – Leverage our proven capabilities and international footprint to expand Cybersecurity, Trust & SI across selected EMEA markets. H1 2026 Conference Call Presentation 183rd September 2026
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Barba Stathis Financial & Operational Review B. Investments Overview Increasing our capacity and expanding our offerings to fuel future growth. Michalis Chamalellis , CEO H1 2026 Conference Call Presentation 193rd September 2026
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Barba Stathis Highlights H1 2026 • Revenue increased by 8% to €69.5 million (compared to 6% in H1 2025), driven by volume, with Barba Stathis Vegs brand continuing building categories’ value ahead of fair share and net sales +1% ppt vs volume (driven by mix). • Comparable EBITDA increased by +1% to €6.9m; EBITDA margin reached 10% (vs 11% in H1 2025) – driven by significant cost increase in raw materials, higher promotional spending (to comply with the regulation restricting SKU -level GM improvement) and marketing phasing partially offset by productivity savings and accelerated volume growth. • Financial expenses decreased due to lower interest rate vs LY • EAT at €2.8m, declining 6% reflecting higher base in 2025 due to tax exemption • Market Shares* : Strong H1 2026 gains vs LY across both categories • Frozen: volume 41.1% (+3.2 p.p.) | value 51.9% (+1.9 p.p.) • Fresh salads: volume 16.1% (+1.8 p.p.) | value 17.3% (+1.2 p.p.) • Net debt position of € 32.2 m as of 30.06.2026 • Capex at €4.8 m compared to €2.1 m the same period last year H1 2026 Conference Call Presentation 203rd September 2026 * Source: Circana Retail Data
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Barba Stathis Comparable Financials 3.0 2.8 Net Income / EAT (€m) (6%) 64.3 69.5 H1 2025 H1 2026 Revenue (€m) +8% 6.8 6.9 H1 2025 H1 2026 Comparable EBITDA (€m) +1% H1 2026 Conference Call Presentation 213rd September 2026 39.9 39.6 5.6 7.4 0.0 10.0 20.0 30.0 40.0 50.0 Dec'25 Jun'26 Debt / Cash (€m) Debt (LT+ST) Cash Capex € 4.8m
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Barba Stathis Comparable Financials Branded; 53%; PL; 15%; B2B; 11%; Exports; 6%; Dough; 15%; Revenue by sales channel %; Frozen; 71% %; Chilled; 17% %; Ambient; 12% Revenue by product type Frozen Chilled Ambient 64.3 3.2 1.0 0.6 0.4 69.5 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 H1 2025 Frozen Vegs Fresh Salads Halvatzis Dough & Other H1 2026 Revenue growth contribution (€m): H1 2025 → H1 2026 H1 2026 Conference Call Presentation 223rd September 2026
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• Revenue expected to increase in H2 2026, mid -single digits, driven by further volume growth and acceleration of high -value categ ories. • EBITDA in H2 2026 is expected to grow at a much faster pace than H1 2026, supported by sales mix, promo spending optimization and supply savings. • EBITDA growth for the full fiscal year is forecasted at mid to high single digits (6%-8%) vs last year. • New visual identity on BS frozen vegs (Nov’26) • 360° relaunch on fresh salads with new sizing, packaging, on pack claims and line up expansion with new SKUs (Dec’26) • New distribution & storage center in Thessaloniki in own plot (+6,300 Plts), significantly decreasing highly expensive third -party storage (final completion Q4 2026) • New highly automated distribution & storage center in Athens (+5,000 Plts), optimizing further logistics and storage third -party costs (Completion Q4 2027). • New production lines at existing Sindos factory to increase current capacity from 6,300tn to 9,000tn (50% delivered in Q1 2027 and completion in Q2 2028) • New production factory & automated storage in Larisa, doubling capacity on frozen veggies (investment starting in Q2 2027, 30% of capacity delivered in 2028 and full capacity roll -out expected in 2030). Project Larisa: New Factory & Storage Thessaloniki Distribution Center (SKG Distr. Center) Athens Distribution Center Fresh Salads Plant Expansion H1 2026 Conference Call Presentation 233rd September 2026 Outlook Upcoming projects / initiatives Outlook & Projects Update
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Transaction Overview Lampros Papakonstantinou Chairman of the Board (Executive Member) H1 2026 Conference Call Presentation 243rd September 2026
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OHA Transaction Review – Maximising Shareholder Value • IDEAL agreed to acquire OHA's 25% interest in Kymora Ltd. • Kymora valuation : €475m → OHA stake : €118.75m . • Consideration: €112.75m cash + 1.0m IDH own treasury shares (€6m). • Funding: The transaction will be funded through IDEAL Holdings' available cash resources together with new debt financing. • IDH will raise up to € 50 m debt to maintain optimal capital structure. • Expected completion: Q3/Q4 2026. Transaction numbers • We invest SCI funds (€ 45m) before 30/6/2027 • Preferred investment vs alternatives • Financial forecasts and strategic path are already in place • Acquisition at same valuation multiples with OHA entry • Expected returns match IDH investment criteria: ΙRR>15% and/or 2.0x CoC • Provides IDEAL with complete strategic flexibility and exit options • Investment at implied IDH share price € 6.7 and implied ADPS share price € 3.3 IDEAL Holdings value generation from acquisition of OHA 25% stake H1 2026 Conference Call Presentation 253rd September 2026
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Outlook IDEAL Holdings Full Year 2026 Statutory Revenue Like-for-Like Revenue Comp. EBITDA Comp. EBT Comp. Net profit H1 2026 Conference Call Presentation 263rd September 2026 +20% +8% - 10% +8% - 10% +12% - 14% +17% - 20%
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Appendix H1 2026 Conference Call Presentation 273rd September 2026
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IDEAL Holdings structure – Post Transaction 100% KYMORA LTD Holding Company Metrosoft Distribution Retail Food BYTE Group 70,08% Department Stores Free Float 29,92% 100% Frozen Vegetables 90% Steamed Vegetables 100% Systems Integration 100% 100% 75% Cybersecurity Software Dev. Cloud Migration 100% Notes: (1) Attica ownership shown post-IPO. (2) KT (CY) under liquidation while its participation in Kymora transferred to IDH. H1 2026 Conference Call Presentation 283rd September 2026
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Distribution Comparable Financials 1.4 1.5 H1 2025 H1 2026 Comparable EBITDA (€m) 1.0 1.3 H1 2025 H1 2026 EAT (€m) • Distribution business comprises of IDEAL Holdings Distribution activities following the absorption of IDEAL Technology together with Metrosoft . +8% +21% H1 2026 Conference Call Presentation 293rd September 2026 25.4 29.4 H1 2025 H1 2026 Revenue (€m) +16%
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Attica IPO in Review H1 2026 Conference Call Presentation 303rd September 2026 €3.20 Final Offer Price (top of range) €57.6m Gross Proceeds 3.9x Oversubscription 2 Jul ’26 Trading Commenced Ticker / Market ADPS GA — Euronext Athens, Main Market Selling shareholder KYMORA LIMITED (IDEAL Holdings subsidiary) Shares offered 18.0m existing shares (29.9% of capital) Total shares outstanding 60,161,600 Investor demand €212.1m — 3.9x oversubscribed, 4,206 investors IDEAL Holdings retained stake* ~52.5% (indirect) — remains controlling shareholder Lock-up 180 days from listing (→ ~29 Dec 2026) Dividend commitment ≥60% of Adjusted PAT, FY2026–FY2028 Key Offering Facts Offering Timeline 17.06 Prospectus approved → 23–26.06 Public Offering (€3.00–€3.20 range) → 29.06 Allocation & final price set → 01.07 Settlement → 02.07 Trading starts on Euronext Athens • IDEAL Holdings retains control (~52.5% indirect) - Attica stays fully consolidated, with a non-controlling interest now recognized in the Group accounts for this segment. • Sets an independent, market-priced valuation benchmark for Attica (~€192.5m at listing) • Growth story underpinning the listing: the “Elevation Project” (premiumization & store renovations, ~€5m p.a. 2026–30) and “Digital Upgrade” (new CRM/loyalty platform, Q4 2026; ~€2m p.a. tech investment). • New, independently tracked dividend stream: Selling Shareholder has committed to support ≥60% of Adjusted PAT distribution for FY2026– FY2028, alongside IDEAL Holdings' own distribution policy. * Post transaction ownership will reach 70.08%
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Consolidated Comparable Financials H1 2026 P&L Statement € mil H1 2025 H1 2026 Δ Revenue 248.3 274.6 +11% COGS 166.5 186.1 +12% Gross Profit 81.8 88.5 +8% OPEX (incl. D&A) 59.8 64.2 +7% EBIT 22.0 24.3 +11% Financial expenses 5.8 5.3 -8% EBT 16.1 19.0 +18% Corporate Tax 4.7 5.6 +18% EAT 11.4 13.4 +18% Comparable EBITDA 26.3 28.8 +10% Statutory EBITDA 27.3 35.1 +28% Source: Management Accounts Comparable – Statutory EBITDA Bridge Comparable – Statutory H1 2025 H1 2026 Comparable EBITDA 26.3 28.8 Acquisition time difference ¹ (3.3) - IFRS 16 effect 9.1 9.8 Project expenses 2 (4.7) (3.5) Statutory EBITDA 27.3 35.1 1. Acquisition time difference: 2025: Barba Stathis for the period 01.01-31.03.2025 (pre-acquisition period included on a comparable basis only). 2026: no acquisition-timing adjustment required. 2. Extraordinary & one-off expenses: Mainly concerns project (investment acquisitions & disposals) related expenses. H1 2026 Conference Call Presentation 313rd September 2026
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Statutory Financials H1 2026 P&L Statement Source: Management Accounts Comparable – Statutory EAT Bridge H1 2026 Conference Call Presentation 323rd September 2026 € mil H1 2025 H1 2026 Δ Revenue 216.2 274.6 27% COGS 143.0 186.2 30% Gross Profit 73.2 88.4 21% OPEX (incl. D&A) 55.6 64.5 16% EBIT 17.6 23.9 36% Financial expenses 9.4 9.7 3% EBT 8.2 14.2 73% Corporate Tax 4.0 5.3 32% EAT 4.2 8.9 112% Statutory EBITDA 27.3 35.1 28% Comparable – Statutory H1 2025 H1 2026 Comparable EAT 11.4 13.4 Acquisition time difference ¹ (1.3) - IFRS 16 effect (1.2) (1.0) Extraordinary & one-off expenses 2 (4.7) (3.5) Statutory EAT 4.2 8.9
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Disclaimer Important Notice This presentation has been prepared by IDEAL Holdings S.A. solely for informational purposes for its public stockholders in c onnection with evaluating the business, operations and financial results of IDEAL Holdings S.A. and its subsidiaries (collectively, “IDEAL”). This presentation is not and shall not be constr ued as an offer to purchase or sell, or the solicitation of an offer to purchase or sell any securities of IDEAL Holdings S.A. Also, this presentation does not constitute investment advice or recom mendation concerning the purchase, sale or subscription to any securities of IDEAL Holding S.A. and cannot be the basis of any such an investment advice or recommendation provided by any p erson, recipient of this presentation or not, to other recipients or third parties. This presentation may not be distributed, referenced, quoted or linked by website, in whole or in part, except as agreed to i n writing by IDEAL Holdings S.A. The statements contained in this presentation are made as of the date of this presentation (other than financial figures, which are as of most recent qua rter end), unless another time is specified in relation to them, and access to this presentation at any given time shall not give rise to any implication that there has been no change in the fac ts set forth in this presentation since that date. This presentation contains certain forward -looking statements pertaining to IDEAL, including with respect to the companies manag ed and owned by IDEAL. Forward -looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and simila r expressions concerning matters that are not historical facts. You can identify these forward -looking statements by the use of words such as "outlook," "believe," “think,” "expect," "potential," “fair”, "continue," "may," "should," "seek," "approximately," "predict," “forecast”, "intend," "will," "plan," "estimate," "anticipate," the negative version of these words, other compara ble words or other statements that do not relate strictly to historical or factual matters. These forward -looking statements are based on IDEAL’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to IDEAL or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward -looking statements. Past performance is no guarantee of future results. All forward -looking stateme nts speak only as of the date of this presentation. IDEAL does not undertake any obligation to update any forward -looking statements to reflect circumstances or events that occur after t he date of this presentation except as required by law. This presentation includes certain non -IFRS and other operating and performance measures. These non -IFRS measures are in additio n to, and not a substitute for, measures of financial performance prepared in accordance with IFRS. While we believe that providing these non -IFRS measures is helpful to investors in assessing the overall performance of IDEAL’s business, they may not include all items that are significant to an investor’s analysis of our financial results. In addition, information about factors affecting IDEAL, including a description of risks that should be considered when makin g a decision to purchase or sell any securities of IDEAL Holdings S.A., can be found in IDEAL Holdings S.A.’s Reports made public as applicable law requires. H1 2026 Conference Call Presentation 333rd September 2026