ANNOUNCEMENT OF THE COMPANY UNDER THE NAME
“EKTER SOCIÉTÉ ANONYME TECHNICAL – CONSTRUCTION – REAL ESTATE – HOTEL – COMMERCIAL – INDUSTRIAL COMPANY”
GEMI No. 000285201000
Athens, 17 September 2025
EKTER S.A., pursuant to the provisions of article 23, par. 2(h) of Law 3556/2007, within the context of the review of the Company’s annual consolidated financial statements for the financial year 2024 by the Hellenic Capital Market Commission, hereby informs the investing public of the following:
a. In the financial statements of 31.12.2024, a correcting elimination entry in respect of a dividend amounting to €900,000.00, relating to the proportional consolidation of a joint venture, was inadvertently omitted. This resulted in the following changes to the figures of the consolidated and separate financial statements of the Company for the financial year 2024 (01.01.2024 – 31.12.2024):
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PUBLISHED FIGURES
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RESTATED FIGURES
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31.12.2024
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31.12.2024
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EKTER S.A.
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GROUP
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COMPANY
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GROUP
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COMPANY
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Statement of
Comprehensive Income
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Profit before tax
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12.787.913,08
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12.844.610,87
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11.634.066,93
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11.690.764,72
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Income tax
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-2.474.078,54
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-2.509.872,85
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-2.220.232,39
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-2.256.026,70
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Profit for the period after tax
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10.313.834,54
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10.334.738,02
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9.413.834,54
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9.434.738,02
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Total equity
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44.079.868,54
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44.069.376,76
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44.079.868,54
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44.069.376,76
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Cash Flow Statement
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Dividends paid to Company shareholders
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-2.718.385,07
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-2.718.385,07
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-1.818.385,07
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-1.818.385,07
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Net cash flows from financing activities
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-5.634.593,03
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-4.567.403,91
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-4.734.593,03
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-3.667.403,91
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With the exception of the above, no other changes arise in the figures of the Statement of Financial Position, the Statement of Comprehensive Income, and the Statement of Cash Flows of the 2024 Annual Financial Report.
b. In January 2024, the acquisition of 56% of ENERGEIAKOS KOMBOS S.A. was approved, with the obligation to pay the purchase price in three (3) instalments. The outstanding balance due to the sellers/shareholders of ENERGEIAKOS KOMBOS S.A. amounted to €1,842,849.60 as of 30.06.2024 and to €630,849.60 as of 31.12.2024. These amounts were inadvertently not disclosed in note 8.20 of the interim and note 10.33 of the annual financial statements, in relation to liabilities to other related parties of the Company.
As stated in note 8 “Significant Accounting Policies” of the financial statements of 31.12.2023, for the accounting of acquisitions of subsidiaries by the Group, the acquisition method (as per IFRS 3) is applied. This method was followed in the acquisition of 56% of ENERGEIAKOS KOMBOS S.A. Based on this method, negative goodwill (gain) in the amount of €4,339,932.66 arose, which was recognized in the Group’s Statement of Comprehensive Income, as referred to in paragraph 8.5 of the Interim Financial Report 2024.
On 31.12.2024, ENERGEIAKOS KOMBOS S.A. was merged by absorption, and given that common control then existed due to the parent–subsidiary relationship, and no material economic change occurred within the Group, the pooling of interests method was applied and the amount was presented in the Group’s Equity, as stated in note 10.14 of the 2024 Annual Financial Report.
Had the initial transaction of acquiring 56% of ENERGEIAKOS KOMBOS S.A. been considered to be under common control, and had the Company elected to apply the pooling of interests method, the negative goodwill (gain) of €4,339,932.66 would not have been recognized in the Group’s Profit after tax in the Interim Financial Report 2024, but would instead have been presented in Retained Earnings within the Statement of Equity. The Group’s Equity would have remained unchanged.
The above matters will be included in the interim and annual financial statements of 30.06.2025 and 31.12.2025 as supplementary disclosures and as a correction of error in accordance with the provisions of IAS 8.