19th km Paiania – Markopoulo Ave media@aktor.gr
Paiania Attica Greece 190 02
A Transformative Year in 2026
Commenting on the H1 2026 financial results, the Chairman and CEO of AKTOR Group, Mr. Alexandros
Exarchou, stated: "The year 2026 has transformative, landmark characteristics for AKTOR Group. Our
recent acquisitions are beginning to be integrated into our financial results, offering a solid preview of
what lies ahead and what the future holds for AKTOR Group. In our to p priority—PPP and Concession
projects—we agreed to acquire a significant stake in the Northern Road Axis of Crete (BOAK), the largest
infrastructure project in Greece today, expanding our portfolio. In LNG, we began giving substance to
the Vertical Corrid or: we imported the first volumes of US LNG into Europe, doubled contracted
volumes from our supplier, and secured our first long -term agreements with off -takers, while
concurrently agreeing to participate in developing Greece's new FSRU, which will provid e us with a
market competitive advantage. We are entering the circular economy dynamically through the
acquisition of HELECTOR and THALIS, a sector where we will invest strategically and focus heavily in
the future. We are reinforcing our RES and Storage portfolio with major investments to deliver
predictable, recurring revenue going forward. We are broadening our strategic partnerships across the
market to remain ideally positioned to capitalize on upcoming opportunities. In short, our growth vision
for a diversified infrastructure group is materializing and delivering tangible results."
Mr. Exarchou added: "And we are not stopping here. Over the summer, we concluded the largest capital
raise in our history through a successful €650 million Share Capital Increase and a €300 million bond
issuance. These provide us with a formidable capital base to execute our major €3 billion investment
program, aiming by 2031 to generate profits from a diverse set of activities and cement our leading
position in the Southeastern European market."
The €3 Billion Investment Plan
Following the successful €950 million capital raise via the Share Capital Increase and Bond Issue,
AKTOR Group possesses ample resources to fully finance its €3 billion investment plan targeted
through 2031, with a long -term objective of generating EBITDA in excess of €600 million through new
business lines.
Construction: The Growth Engine
AKTOR Group's Construction segment delivered a pro forma pre -tax profit increase of 160%, reaching
€39 million compared to €15 million last year, despite an 1% dip in segment revenue. This was achieved
by maintaining a high gross margin ( 14%) while simultaneously reducing operating costs through
disciplined project selection (prioritizing high -margin, quality contracts) and deploying digital
technologies for tighter cost control.
Focus on Circular Economy and Water Management Projects
AKTOR Group anticipates that the full integration of THALIS, HELECTOR, and ENTELECHEIA will
decisively support sustained high profitability going forward. Regarding THALIS and HELECTOR
specifically—where AKTOR will hold a 75% stake post -transaction in a st rategic partnership with
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19th km Paiania – Markopoulo Ave media@aktor.gr
Paiania Attica Greece 190 02
MOTOR OIL Group, which will retain 25% —both are expected to provide strategic advantages and
operational leverage to capture market opportunities. Greece requires substantial waste -recycling
infrastructure, with upcoming environmental tenders projected to reach up to €3 billion in the coming
years.
The combined EBITDA of both companies, which hold significant market shares, manage 10 waste
treatment facilities currently under construction, and boast a backlog of approximately €1 billion,
reached € 41 million in 2025. The environmental works division is further strengthened by AKTOR
Group’s strategic alliance with Suez International, a world leader in the water cycle, creating an
integrated, vertically structured operational pillar in the circular economy.
Strategic Pivot to PPP and Concession Projects
AKTOR Group currently participates in 17 PPP and Concession projects as a contractor or preferred
bidder. Adjusted EBITDA for the PPP – Concession division rose by 63% in H1 compared to the prior -
year period, reaching an EBITDA margin of 62% (+ 16%), aided by the full integration of AKTOR
Concessions and solid performance across operating toll highways. The Group is participating in more
than 25 relevant tenders, strategically positioning itself to expand with next -generation projects.
Additionally, during the period, it agreed to acquire a major stake in the Northern Road Axis of Crete
(BOAK) concession, the largest in Greece.
Investments in RES and Energy Storage
The Group is aggressively developing a robust RES and Storage portfolio, targeting 520 MW in the
medium term (including 100 MW of battery energy storage systems), complemented by targeted bolt -
on acquisitions. This capacity is projected to be fully operati onal or grid -connected by year -end,
bolstering segment EBITDA. The progressive launch of storage assets will safeguard financial
performance against negative pricing and mandatory curtailments.
The broader investment plan targets a diversified 1.2 GW RES portfolio by 2031, expanding concurrently
into wind assets to balance energy resources and maintain cash flow stability. Furthermore, AKTOR
Group continues its expansion through a strategic joint venture with DEPA Commercial for over 470 MW
of joint RES and storage assets (51% AKTOR, 49% DEPA Commercial). The Group is also advancing
major investments in storage systems by entering the 1 GW, €1 billion Western Macedonia pumped -
storage hydroelectric project.
Growth in the LNG Segment
AKTOR Group is building an integrated LNG platform to secure regional supply and protect
Southeastern Europe from gas price volatility via the Vertical Corridor. Its subsidiary, Atlantic SEE LNG
Trade (owned 60% by AKTOR and 40% by DEPA Commercial), has al ready doubled its contracted US
LNG supply volumes. In H1 2026, the Group inked binding long -term sales agreements to supply
Albania and Bosnia and Herzegovina with an annual volume of 1.5 bcm , turning the Vertical Corridor
into reality. In tandem, under its strategic partnership with MOTOR OIL Group, AKTOR agreed to acquire
a 50% stake in Dioriga Gas, which is developing Greece's 2nd FSRU. Pairing critical import
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19th km Paiania – Markopoulo Ave media@aktor.gr
Paiania Attica Greece 190 02
infrastructure with long-term sales contracts delivers supply chain control and a competitive edge.
Facility Management Reinforces the Group
The Facility Management division has been scaled to provide holistic end -to-end services, expanding
the Group's operational footprint and profitability. Employing nearly 3,000 personnel across Greece,
Qatar, and the UAE, the division recently secured a major €130 million facility management contract for
Hamad International Airport in Qatar.
