Earnings release
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1 Athens, 9 September 2026 2nd Quarter and First Half 2026 Results • Strengthening of rental activities in Greece and abroad, offset by a lower contribution from the car sales activity to revenue and profitability • First half revenue at €501 million, EBITDA at €129.7 million, up slightly by 2.6%, and net profit after tax at €28.5 million, down 12.3% Autohellas Group announces its financial results for the second quarter of 2026, with Revenue amounting to €280.1 million, recording a marginal decrease of 2% compared to the corresponding period of 2025. EBITDA reached €78 million, up 0.6%, while Profit after Tax amounted to €29.1 million, down 7.4% compared to the corresponding period last year. For the first half of 2026, Revenue amounted to €501 million recording a marginal decrease of 0.3% compared to the first half of 2025 . EBITDA reached €129.7 million, showing an increase of 2.6%, while Profit after Tax amounted to €28.5 million, down 12.3% compared to the corresponding period last year. Overall, the short-term and long-term rental activities in Greece and the other countries where the Group operates comprise a fleet of nearly 68,700 vehicles, with investments in approximately 13,400 new vehicles during the first half of 2026. Furthermore, the Group’s Total Equity stood at €556.5 million as at 30 June 2026 . In April 2026, the Company distributed a dividend of €0.85 per share, amounting to a total distribution of €40.8 million to shareholders. CONDENSED CONSOLIDATED RESULTS Amounts in '000€ Q2 2026 Q2 2025 % Δ H1 2026 H1 2025 % Δ Revenue 280,144 285,839 -2.0% 501,040 502,459 -0.3% EBITDA 1 78,038 77,545 0.6% 129,675 126,374 2.6% EBIT 2 28,362 32,215 -12.0% 33,259 41,617 -20.1% Profit before tax (EBT) 31,567 34,374 -8.2% 28,963 35,713 -18.9% Profit after tax (EAT) 29,125 31,467 -7.4% 28,492 32,505 -12.3% Profit for the period attributable to the owners of the parent 27,803 29,708 -6.4% 26,762 29,944 -10.6% Note: 1. EBITDA: Earnings before tax, financing & investing activities, depreciation & amortisation 2. EBIT: Earnings before tax, financing & investing activities
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2 Analysis by activity segment: Car Rentals in Greece (Hertz) The Car Rental activity in Greece maintained its positive momentum during the first half of 2026, recording a 6.7% increase in Revenue to €146.6 million. Growth was primarily supported by long -term rentals , driven by increased demand from corporate customers for leasing and fleet management services. At the same time, short-term rentals recorded more moderate growth, maintaining, however, strong profitability for yet another year, despite the expansion and increase in the overall fleets operating in the market. Despite the positive revenue performance, profitability was affected by higher depreciation charges, reflecting the fleet expansion of previous years, which supports the business’s future growth. International Activity of Car Rentals (Hertz) Revenue from the International Activity related to Car Rentals amounted to €87.3 million compared with €78.9 million in the first half of 2025, representing an increase of 10.6%. The subsidiary in Portugal recorded significant revenue growth compared with the first half of the previous year. In terms of net results , however, the business remained loss -making in the first half, primarily due to seasonality, given that Portugal is the only market in which the Group does not engage in long-term rental activities. In the Balkan and Cypriot markets, revenue increased by 5% compared with the first half of the previous year, driven equally by long-term and short-term rentals. Operating profitability, however, decreased by 11%, mainly due to the performance of the Cypriot market, where lower demand during the first five months of the year, as a result of geopolitical developments in the Middle East, adversely affected revenue. Car Trade and Services During the first half of 2026, the activity of Car Trade and Services in Greece recorded a 6.6% decrease in Revenue, contributing a total of €267.2 million to the Group’s Revenue. The decline was attributable, on the one hand, to the product cycle of Hyundai and KIA, which is expected to be strengthened in 2027 with the launch of major new models, and, on the other hand, to the entry of a large number of new brands into the Greek market , mainly from Chinese manufacturers . These new brands are gaining significant momentum, adversely affecting the market shares of traditional manufacturers.
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3 It is noted that the activity of Italian Motion (FIAT/JEEP/Alfa Romeo) which is not included in the Consolidated Revenue (equity method), recorded sales of €85.3 million during the first half of 2026. Since late 2025, Autohellas Group has already begun introducing and positioning the Changan and XPENG brands in the Greek market. Over the next 6 to 12 months, the Group’s brand portfolio is expected to expand further with the addition of the brands LEPAS, through Italian Motion, as well as AVATR. Based on the scheduled launches of new models by the brands represented by the Group, the Group’s aggregate market share is expected to begin recovering from the second half of 2027, further strengthening its overall car trade activities. CONSOLIDATED REVENUE PER SEGMENT Amounts in '000€ Q2 2026 Q2 2025 % Δ H1 2026 H1 2025 % Δ Revenue 280,144 285,839 -2.0% 501,040 502,459 -0.3% Car Rentals in Greece 83,510 78,611 6.2% 146,570 137,362 6.7% International Activity of Car Rentals 49,714 47,122 5.5% 87,299 78,899 10.6% Car Trade and Services in Greece 146,920 160,106 -8.2% 267,171 286,198 -6.6%
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4 Condensed Statement of Financial Position Group Amounts in € 30.06.2026 31.12.2025 Tangible, intangible and right-of-use assets 1,173,220,353 1,095,985,059 Investments in associates, joint ventures and other financial assets 228,677,901 245,199,180 Other non-current assets 69,588,339 67,857,699 Total non-current assets 1,471,486,593 1,409,041,938 Inventories 122,253,694 129,812,502 Trade and other receivables 190,443,560 160,900,793 Cash and cash equivalents 110,829,735 96,709,493 Other current assets 1,543,400 4,317,866 Total current assets 425,070,389 391,740,654 Total assets 1,896,556,982 1,800,782,592 Equity 556,485,332 584,386,543 Borrowings, securitization and lease liabilities 830,895,584 832,730,346 Other non-current liabilities 38,362,898 40,090,624 Total non-current liabilities 869,258,482 872,820,970 Borrowings, securitization and lease liabilities 139,712,895 84,356,460 Trade and other payables 331,100,273 259,218,619 Total current liabilities 470,813,168 343,575,079 Total liabilities 1,340,071,650 1,216,396,049 Total equity and liabilities 1,896,556,982 1,800,782,592 Condensed Statement of Profit or Loss Group Amounts in € 1.1.2026 - 30.06.2026 1.1.2025 - 30.06.2025 Revenue 501,039,695 502,459,324 Cost of sales (427,524,460) (419,662,197) Gross profit 73,515,235 82,797,127 Operating profit 43,894,795 50,343,294 Profit before income tax 28,963,173 35,713,011 Profit for the period 28,492,381 32,504,761 Profit for the period attributable to: Owners of the parent 26,761,968 29,944,323 Non-controlling interests 1,730,413 2,560,438 28,492,381 32,504,761