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Attica Holdings S.A. (the 'Company') announces its results for the 9-month period 2024, incorporating for the first time the business operation of ANEK LINES S.A. and its subsidiaries ('ANEK') for the entire 9-month reporting period, following the completion of its merger by absorption on December 4, 2023.

In the 9-month period of 2024, the Group's revenue increased across both geographic segments (in Greek domestic and international routes). Overall, compared to the 9-month period of 2023, the consolidated revenue rose by 27.4% in the 9-month period of 2024, reaching €593.4mln up from €465.6mln, mainly due to the incorporation of ANEK.

The consolidated Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) amounted to € 93.5mln, compared to € 121.3mln in the 9-month period of 2023, while the consolidated earnings after tax amounted to € 45.3mln, compared to earnings of € 59.9mln in the 9-month period of 2023.

It should be noted that the results for the 9-month period and for the fiscal year 2024 overall, bear non-recurring expenses of a total amount of €18.5mln related to the merger and operational integration of ANEK, including costs associated with the voluntary termination of services plan, the fleet upgrading, the training and integration of crew and onshore personnel, as well as other merger-related costs. In addition, the Group's operating cost was affected by the emission allowances purchase cost of € 14.1mln, in compliance with the European Union Emissions Trading System requirement which came into effect on January 1, 2024.

The Group’s debt decreased from €588.5mln on December 31,2023 to €578.2mln on September 30, 2024, while unutilized credit lines amounted to € 34mln. Cash and cash equivalents as of September 30, 2024, amounted to € 42.3mln down from €103.4mln as of December 31, 2023, primarily due to the implementation of the Group’s extensive investment plan. The Group recorded total investment cash outflows of €145.1mln during the 9-month reporting period, including the advance payment for the long-term charter with a purchase option of two E-Flexer vessels, currently under construction, the acquisition of the Ro-Pax high-speed vessel «High Speed 3» (ex. Thunder), the exercise of the purchase option regarding the Ro-Pax vessels KISSAMOS and KYDON, the acquisition of the new hotel complex in Naxos, the renovation of the hotel in Tinos, extensive digitization projects, as well as environmental upgrades and maintenance of the Group's vessels.

OPERATING MARKETS & TRAFFIC VOLUMES

The Group's fleet numbers 43 vessels, sailing under the trademarks “Superfast Ferries”, “Blue Star Ferries”, “Hellenic Seaways” and “Anek Lines”, of which twenty-eight (28) are conventional Ro-Pax vessels, thirteen (13) 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.

During the 9-month period of 2024, the Group's vessels operated on Greek domestic routes (Cyclades, Dodecanese, Crete, North-East Aegean, Saronic Gulf and Sporades) and on the international Greece-Italy route (Ancona, Bari, Venice).

The Group’s traffic volumes increased compared to the 9-month period of 2023. More specifically, in the 9-month period of 2024, the Group vessels transported 6.1mln passengers (5.4mln passengers in the 9-month period of 2023- increase of 12.2%), 1.1mln private vehicles (853 thousand private vehicles in the 9-month period of 2023-increase of 25.3%) and 407 thousand freight units (319 thousand freight units in the 9-month period of 2023-increase of 27.4%). The number of sailings for the 9-month period of 2024 reached 14,411 (13,412 in the 9-month period of 2023-increase of 7.4%).

The Company intends to hold a presentation for the international investment community in London in January 2025.

The Financial Statements of the Company and the Group for the period 1.1-30.9.2024 will be posted on the website of the Athens Exchange (www.athexgroup.gr) and the Company (www.attica-group.com) the 2nd of December, 2024.