Earnings release
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Athens, 5 November 2025 Third Quarter and Nine-Month 2025 Results • Increase of 5.3% in Revenue for the nine-month period, with positive momentum in Rentals and Car Trade in Greece • €229 million EBITDA and €72 million Earnings after Tax Autohellas Group announces its financial results for the third quarter of 2025, with Revenue amounting to €286.5 million. EBITDA amounted to €103.3 million for the quarter, up by 4.4%, while Earnings after Tax (EAT) reached €40.1 million, up by 2.9%. For the nine-month period, Revenue increased by 5.3%, reaching €789 million. EBITDA for the nine months amounted to €229.7 million , reflecting a 4.5% increase, while Earnings after Tax (EAT) amounted to €72.6 million. Overall, the short-term and long-term rental activity in Greece, and in the countries in which the Group operates, utilizes a fleet of nearly 63,500 cars with investments in approximately 16,300 new cars during the nine-month period of 2025. The Group’s profitability was supported, as in 2024, by €9.7 million from dividend distributions of non-controlled investments. The Group’s Equity as at 30 September 2025 amounted to €558.2 million, up by € 68.3 million since 31/12/2024, despite the dividend payment of €0.85 per share (€40.8 million in total) which took place in April 2025. CONDENSED CONSOLIDATED RESULTS Amounts in '000€ Q3 2025 Q3 2024 % Δ 9Μ 2025 9Μ 2024 % Δ Revenue 286,514 275,896 3.8% 788,973 749,101 5.3% EBITDA 1 103,323 98,934 4.4% 229,697 219,737 4.5% EBIT 2 56,791 58,670 -3.2% 98,408 105,289 -6.5% Earnings before tax (EBT) 49,815 49,491 0.7% 85,528 91,792 -6.8% Earnings after tax (EAT) 40,107 38,975 2.9% 72,612 75,989 -4.4% Profit for the period is attributable to the owners of the parent 38,846 37,784 2.8% 68,790 72,039 -4.5% Note: 1 Earnings before tax, financing & investing activities, depreciation & amortisation 2 Earnings before tax, financing & investing activities, depreciation
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Analysis by Segment: Greece Rentals (Hertz) The Car Rental activity in Greece continued its strong performance, with Revenue increasing by 10.1% in the nine -month period of 2025, reaching €244 million . In more detail , the Leasing activity (long-term rentals) accelerated its growth rate compared to the previous year, while the Rent-a-Car activity (short -term rentals) also recorded growth, despite the particularly intense competition among the companies in the sector and the significant expansion of the total rental fleets. The substantial renewal and upgrade of the fleet, with the addition of n ew vehicle types, along with investments in network expansion, supported this activity. Car Trade and Services During the nine -month period of 2025, the Car Trad ing activity in Greece recorded a 5.7% increase in Revenue, with a marginal improvement in its overall market share, contributing a total of €407.8 million to the Group’s Revenue. This performance was achieved despite the increase in the number of brands operating in the country, mainly with the entry of a significant number of new manufacturers from China into the domestic market. In this context, Autohellas Group proceeded with the first launch of the Changan brand and its first models in the market during October, with the aim to gradually establish an additional pillar to support its business activity in the coming years. It is noted that the activity of Italian Motion (FIAT/JEEP/ALFA Romeo), which is not included in the Consolidated Revenue (accounted for using the equity method), recorded sales of €128.1 million in the nine -month period of 2025, further enhancing the overall scale and momentum of the Group’s operations. International Activity Revenue from the Group’s International Car Rental Activity related to car rentals (Hertz) amounted to €137.2 million in the nine -month period of 2025. The Leasing activity (long -term rentals) demonstrated an improvement compared to the previous year, with growth primarily driven by small and medium-sized enterprises. In the short-term rental market in Portugal, for the first time in the 3rd quarter of 2025, the more efficient fleet and reservation management provided positive momentum to rental performance in this market, which supported the country’s overall results. The Group’s subsidiary in Portugal has planned and is gradually implementing a series of initiatives over the coming months aimed at enhancing its structure and operational efficiency.
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CONSOLIDATED REVENUE PER SEGMENT Amounts in '000€ Q3 2025 Q3 2024 % Δ 9M 2025 9M 2024 % Δ Revenue 286,514 275,896 3.8% 788,973 749,101 5.3% Rentals Greece 106,660 98,220 8.6% 244,022 221,661 10.1% International Segment 58,274 62,078 -6.1% 137,173 141,561 -3.1% Auto Trade Greece 121,580 115,598 5.2% 407,778 385,879 5.7% Condensed Statement of Financial Position Group Amounts in € 30.09.2025 31.12.2024 Tangible, intangible and right-of-use assets 1,108,009,829 989,384,331 Investments in associates, joint ventures and other financial assets 226,459,779 179,410,968 Other non-current assets 59,945,047 58,484,111 Total non-current assets 1,394,414,655 1,227,279,410 Inventories 123,543,117 139,974,443 Trade and other receivables 146,077,482 137,316,423 Cash and cash equivalents 111,529,291 97,817,080 Other current assets 1,239,508 3,770,951 Total current assets 382,389,398 378,878,897 Total assets 1,776,804,053 1,606,158,307 Equity 558,190,741 489,887,874 Borrowings, securitization and lease liabilities 837,816,263 735,324,362 Other non-current liabilities 39,327,121 35,842,097 Total non-current liabilities 877,143,384 771,166,459 Borrowings, securitization and lease liabilities 74,587,969 73,237,084 Trade and other payables 266,881,959 271,866,890 Total current liabilities 341,469,928 345,103,974 Total liabilities 1,218,613,312 1,116,270,433 Total equity and liabilities 1,776,804,053 1,606,158,307
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Condensed Statement of Profit or Loss Group Amounts in € 1.1.2025 - 30.9.2025 1.1.2024 - 30.9.2024 Revenue 788,973,187 749,101,096 Cost of sales (630,551,603) (589,875,729) Gross profit 158,421,584 159,225,367 Operating profit 106,368,075 113,245,967 Profit before income tax 85,528,193 91,792,195 Profit for the period 72,612,302 75,988,893 Profit attributable to: Owners of the parent 68,789,665 72,039,173 Non-controlling interests 3,822,637 3,949,720 Profit for the period 72,612,302 75,988,893