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<TITLE>        Attica Holdings:  1st Half 2025 Financial Results      </TITLE>

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<b>
1st Half 2025 Financial Results
</b>

<br><br>
30.09.2025

<br><br> &bull; Increase in Revenue: The Group's revenue reached €326.6mln, up from €317.2mln in the 1st half of 2024.
<br><br> &bull; Decrease in Operating Profitability: Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to €4.1mln, compared to €19.5mln in the 1 st half of 2024.
<br><br> &bull; Consistent implementation of strategic planning: Focus remains on customer-centricity, green transition, fleet renewal, and operational optimization. Total investments for the first half of 2025 amounted to €46.5mln.

<br><br>
Attica Holdings S.A. (the 'Company') announces its financial results for the 1st half of 2025, which reflect an increase in consolidated revenue across both geographical segments of operation (in Greek domestic and international routes). Overall, compared to the corresponding period in 2024, revenue increased by 2.96%, reaching €326.6mln from €317.2mln.
<br><br>
During the 1st half of 2025, the Group's operating cost reached €321.0mln, compared to €281.4mln in the 1 st half of 2024, representing a 14% increase. This escalation is primarily driven by the increased cost of emissions allowances and compliance with evolving environmental regulations, alongside broader inflationary pressures which have affected fleet maintenance, procurement, and crew payroll costs.
<br><br>
The Group's consolidated gross profit amounted to €5.6mln, compared to €35.8mln in the 1 st half of 2024, while EBITDA stood at €4.1mln, down from €19.5mln in the corresponding period of 2024. Net results from continuing operations after taxes recorded a loss of €52.3mln, which includes non-recurring expenses of €17.3mln, compared to a loss of €23.8mln in the 1st half of 2024, which included non-recurring expenses of €11mln. Net results of 1st half of 2024 amounted to losses of €4.5mln which included net profit from discontinuing operations (sale of AML) of €19.3mln.
<br><br>
Cash and cash equivalents as of 30.06.2025, stood at € 78.6mln, up from € 75.8mln as of 31.12.2024. During the period, total investment cash outflows reached €46.5mln and were primarily allocated for the installation of advanced technologies across the Group's existing fleet, aimed at improving energy efficiency and minimizing environmental footprint, as well as to the extensive renovation of the Group's Hotel on the island of Tinos.
<br><br>

<b>Operating Markets and Traffic Volumes</b>
<br>
The Group's fleet numbers thirty-seven (37) vessels, sailing under the trademarks "Superfast Ferries", "Blue Star Ferries", "Hellenic Seaways" and "Anek Lines", of which twenty-five (25) are conventional Ro-Pax vessels, ten (10) are highspeed vessels and two (2) are Ro-Ro carriers. All vessels are fully owned by the Group, except for two (2) Ro-Pax vessels which are chartered.
<br><br>
In the 1 st half of 2025, the Group's vessels operated on Greek domestic routes (Cyclades, Dodecanese, Crete, North-East Aegean and Saronic Gulf) and on the international Greece-Italy route (Ancona, Bari, Venice).
<br><br>
Regarding the Group's traffic volumes in the 1st half of 2025, the Group vessels transported 2.7mln passengers (2.8mln passengers in the 1st half of 2024 - decrease of 3.6%), 456 thousand private vehicles (462 thousand private vehicles in the 1st half of 2024 - decrease of 1.3%) and 276 thousand freight units (266 thousand freight units in the 1st half of 2024 - increase of 3.8%). The number of sailings for the 1 st half of 2025 reached 8,272 (8,406 in the 1 st half of 2024 - decrease of 1.6%).
<br><br>
It is estimated that the Group's traffic volumes have been affected by the rising inflationary trends in Greece and across Europe, which have impacted passengers' disposable income and consumer spending, by the impact of the prolonged seismic activity in the Santorini region, as well as by the uncertainty arising from geopolitical developments in the Eastern Mediterranean.
<br><br>

<b>Ongoing Investment Program</b>
<br>
In alignment with its strategic commitment to green transition and fleet renewal, Attica Group has already placed an order for new generation E-Flexer vessels, featuring alternative fuel technologies and hybrid propulsion systems. The Group also completed the sale for safe and environmentally sound recycling of older vessels, finalized the sale of its Flying Dolphin type vessels, and entered into bareboat charter agreements with purchase obligations for two aging vessels, reducing the average fleet age by 2.2 years (from 27.1 to 24.9 years). Moreover, energy efficiency upgrades were implemented across existing vessels through the installation of advanced technologies, including Energy Saving Devices and Scrubbers, for a total amount of €10.2 mln.
<br><br>
The Group continues to invest in the expansion of the hospitality sector. The extensive renovation of the Tinos Beach hotel is progressing, with its operation expected to commence at the start of the 2026 touristic season. Furthermore, modernization works at the Naxos Resort hotel are scheduled to be initiated following the end of the current touristic period.
<br><br>

<b>Developments in the Group's Business Activity</b>
<br>
The Group remains committed to the implementation of its strategic plan, focusing on three key pillars: customercentricity, green transition & fleet renewal, and operational optimization. In this context, the Group has initiated organizational changes through the establishment of a new Executive Pillar, with the aim of enhancing customer value. Moreover, the first phase of the Seanthesis project has been completed, focusing on the development of digital applications designed to integrate systems and deliver personalized services to passengers. Meanwhile, the shipbuilding and investment program for the installation of new technologies on vessels is steadily progressing, targeting improved energy efficiency and reduced environmental footprint. At the same time, the Group is implementing a series of initiatives to optimize operations and rationalize costs, leveraging digital technologies.
<br><br>
The Group's financial performance in the 2 nd half of 2025 is expected to be affected by inflationary pressures in the market, which are affecting consumers' disposable income. In this context, and despite increased environmental costs, the Group did not proceed with a material adjustment in passenger ticket prices, aiming to stimulate transport activity, while also taking into account the announced 50% reduction in port fees at coastal shipping ports for one year. An additional factor is the intensified seasonal competition the Group faces due to the deployment of additional vessels.
<br><br>
During this transitional period, Management closely monitors macroeconomic developments, evaluates the factors affecting traffic volumes and the cost base, and takes the necessary measures to ensure the Group's sustainable growth. This effort is supported by leveraging the Group's strong balance sheet, high liquidity, and extensive investment program, while planning routes optimization initiatives both during the winter months and the peak season, and adopting measures to stimulate traffic volumes and strengthen the Group's revenue.
<br><br>
The Interim Financial Statements of the Company and the Group will be posted on the website of the Athens Stock Exchange (https://www.athexgroup.gr/en) and the Company (www.attica-group.com/public/en) the 30th of September, 2025.






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<br><a target="_blank" href="http://www.attica-group.com">Attica Group - Press release</a>












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