Announcement of Financial Figures for the fiscal year 2025 – MATHIOS REFRACTORIES S. A.

MATHIOS REFRACTORIES S.A. announces its financial key figures for the fiscal year 2025.

In 2025, the Group maintained a growth path despite the negative effects that have been created due to the above and consequently the reduced demand for products and services from the domestic and global market.

The Group's turnover in 2025 increased by 10.0% compared to the corresponding one in 2024, and correspondingly in the parent company it increased by 9.1%.

The increase in the Group's sales by €1.2 million compared to the previous year is due exclusively to foreign markets.

The main factors that contributed to the increase in sales of refractories and stone were the implementation of construction projects abroad.

At a consolidated level, gross profit in 2025 amounted to € 5,248 thousand compared to € 4,519 thousand in 2024, showing an increase of 16.1%. The gross profit of the Parent Company in 2025 amounted to € 4,748 thousand, while the corresponding amount in 2024 amounted to € 4,475 thousand, recording an increase of 6.1%.

The operating expenses of the Group and the Company (administration and distribution expenses) in 2025 decreased by € 58 thousand (-1.2%) and € 102 thousand (-2.3%) respectively compared to last year.

Administrative expenses include an amount of € 299 thousand relating to Research department expenses for 2025 compared to an amount of € 270 thousand for 2024.

Other income decreased by € 582 thousand for the Group and by € 587 thousand for the Company compared to the previous year due to a decrease in income derived from subsidized programs (RESEARCH-CREATE-INNOVATE) and the fact that income in 2024 was also affected by a profit arising from the sale of a property of the parent company in the Aspropyrgos area.

Net financial costs decreased compared to the corresponding period last year by € 140 thousand for the Group and € 143 thousand for the company due to a decrease in borrowing.

The Company conducted a goodwill impairment test taking into account the economic and qualitative characteristics of the sector in which it operates and develops, and it emerged that there are no reasons for further impairment.

The Company continuously monitors developments with the aim of limiting as much as possible the possible negative impacts that may arise from various events.

The net results (after taxes and minority interests) of the Group amounted to € -514 thousand and the Company to € -542 thousand, compared to € -781 thousand and € -298 thousand respectively in the previous period.

The Company's Board of Directors, taking into account the results recorded by the Company in 2025, will propose to the Ordinary General Meeting of Shareholders, scheduled for June 17, 2026, the non-distribution of dividends for the 2025 fiscal year due to losses.

For further information, interested parties may refer to company’s Annual Financial Statements for 2025 and the XBRL file, both available in Greek on the company’s website: http://www.mathios.com