Hellenic Exchanges (EXAE) investor relations material

Executive summary

• Greece was upgraded to Developed Market status by STOXX, effective September 2026, enhancing international visibility and capital inflows.

• The Group completed integration into Euronext, rebranding subsidiaries and aligning with Euronext's corporate identity and tools.

• Achieved strong financial performance in H1 2026, with revenue and profitability growth for the sixth consecutive year.

• Market activity and size expanded, supported by record capital raising and foreign investor participation.

• A record €6.1bn was raised in the first half of 2026 through rights issues and bond issuances, including the largest non-bank share capital increase in 20 years (€4.2bn).

Financial highlights

• Group turnover rose 56.8% year-over-year to €53.3m; 71.5% from trading and post-trading fees.

• EBITDA increased 93.0% to €34.9m; EBIT up 107.0% to €32.7m year-over-year.

• Net after-tax earnings doubled to €27.0m, up 100.6% from H1 2025.

• Operating expenses grew by 10.4% to €15.9m.

• Profit of €11.8m realized from divestment of Boursa Kuwait stake.

• Dividend of €0.11 per share distributed in June 2026.

Outlook and guidance

• Greek GDP growth forecasted at 2.2–2.4% for H2 2026; RRF funds and FDI continue to support investment.

• Listed companies maintain high profitability; cash distributions to shareholders expected to remain high.

• Greece seen as a stable, growing investment destination in Southeast Europe.

• Management remains committed to further developing the Greek capital market and leveraging Euronext network synergies.