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PRODEA INVESTMENTS PRESS RELEASE Athens , 30th September 2026 PRODEA INVESTMENTS Announcement of H1 2026 Results PRODEA Investments announces that adjusted earnings before interest , taxes , depreciation and amortization ( adjusted EBITDA ) amounted to € 49.9 million in H1 2026 compared to € 31.0 million in H1 2025 , also reflecting the realisation of capital gains from the sale of investment properties . The group's turnover amounted to € 75.2 million in H1 2026 compared to € 112.4 million in H1 2025. The decrease is mainly due to rental income of € 29.2 million compared to € 69.1 million , as a result of the implementation of the company's strategy , which entails , on the one hand , reshaping the composition of its investment portfolio with an emphasis on logistics and hospitality and , on the other hand , the sale of mature or non - core assets or property portfolios in all the jurisdictions where the group operates . It should be noted that revenue from the hospitality segment increased to € 33.2 million compared to € 25.7 million in H1 2025 , positively affected mainly by the reopening of the 5 - star hotel The Landmark Nicosia , Autograph Collection . Operating profit for the period , adjusted for gains from the fair value adjustment of investment properties , depreciation and amortization , non - recurring expenses and other non - cash items , amounted to € 9.4 million compared to € 41.4 million , while the result for the period , adjusted as above , was a loss of € 11.5 million compared to a profit of € 4.7 million in H1 2025. The group's total comprehensive income amounted to € 4.0 million . The main drivers that impacted the results for the half - year are , on the one hand , the increase in hospitality revenue and the decrease in direct property - related expenses , property taxes - levies and finance costs and , on the other hand , the aforementioned decrease in rental income and the increase in depreciation of the hospitality pillar . The fair value of assets under management ¹ amounted to € 1,926.2 million compared to € 1,952.5 million on December 31 , 2025 . As of June 30 , 2026 , the cash and cash equivalents of the group amounted to € 206.8 million and those of the company to € 121.5 million . Since June 30 , 2025 to date , the group has reduced its borrowings by € 712.8 million . As of June 30 , 2026 , the group's net LTV stood at 46 % . The NAV of the group as of June 30 , 2026 amounted to € 3.94 per share . The Chief Executive Officer , Mr. Aris Karytinos , stated : " As we have already announced , our group is in a transitional phase during which we are reshaping the composition of our portfolio in order to develop specific pillars , with an emphasis on logistics and high - end hospitality , while continuing to operate and manage selected commercial properties . At this stage , we are developing our new product in the focus verticals , leveraging our strong capital adequacy . The following are worth noting : 1 The fair value of the properties of joint venture investments has been calculated based on Prodea Investments ' participation percentage in each company . 9 , Chrisospiliotissis Str . , GR 105 60 Athens , Greece , T +30 213 3334 000 , F +30 213 3334 304 E info@prodea.gr , prodea.gr TAX REGISTER No : EL099555020 , TAX OFFICE : KEFODE Attikis GENERAL COMMERCIAL REGISTRY : 3546201000 , HCMC APPROVAL No : 6 / 458 / 13.12.2007