GR. SARANTIS S.A. announces its consolidated financial performance for the six-month period ended June 30, 2026 in accordance with the International Financial Reporting Standards (IFRS). Key highlights of H1 2026
▪ The strategic focus on core categories continues to strengthen the sales mix and support growth
o Sales increased by 1.3% and amounted to €308.3m versus €304.3m in H1 2025.
o Sales of the branded product portfolio remained resilient, recording an increase of 1.4%, while the HERO product portfolio continued its growth, recording an increase of 0.9%.
o The continued focus on priority categories and the HERO product portfolio contributed to shaping a higher-quality sales mix, enhancing the quality of revenues.
▪ Healthy profitability contributed to maintaining resilient profit margins Adjusted Figures (excluding the charge of €0.8m related to the disposal of Polipak’s old, non-operating factory)
o Pressures on raw material and transportation costs arising from the ongoing disruption of supply chains due to the prolonged conflict in the Middle East were offset by cost savings achieved through the Group’s investments in its production activities.
o Adjusted EBITDA increased by 0.4% to €48.5m, versus €48.3m in H1 2025, with the adjusted EBITDA margin standing at 15.7% (versus 15.9% in H1 2025).
o Adjusted EBIT amounted to €36.7m, versus €37.5m in H1 2025, while the adjusted EBIT margin stood at 11.9% (versus 12.3% in H1 2025).
Published Figures
o Reported EBITDA amounted to €47.7m, versus €48.3m in H1 2025, with the reported EBITDA margin standing at 15.5% (versus 15.9% in H1 2025).
o Reported EBIT stood at €35.9m, versus €37.5m in H1 2025, while the reported EBIT margin stood at 11.6% (versus 12.3% in H1 2025).
▪ Strong operating performance that maintains healthy profitability levels
Adjusted Figures (excluding the charge of €0.8m related to the disposal of Polipak’s old, non-operating factory)
o Adjusted Earnings Before Tax (EBT) amounted to €34.8m, versus €36.5m in H1 2025, with the adjusted Earnings Before Tax margin standing at 11.3% (versus 12.0% in H1 2025).
o Adjusted Net Profit amounted to €27.7m, versus €29.2m in H1 2025, corresponding to an adjusted Net Profit margin of 9.0% (versus 9.6% in H1 2025).
o Adjusted Earnings per Share (EPS) stood at €0.44, versus €0.46 in H1 2025.
Published Figures
o Reported Earnings Before Tax (EBT) amounted to €34.0m, versus €36.5m in H1 2025, with the reported Earnings Before Tax margin standing at 11.0% (versus 12.0% in H1 2025).
o Reported Net Profit stood at €26.9m, versus €29.2m in H1 2025, corresponding to a Reported Net Profit margin of 8.7% (versus 9.6% in H1 2025).
o Reported Earnings per Share (EPS) stood at €0.42, versus €0.46 in H1 2025.
▪ Strong financial position providing flexibility for future growth
o The strong financial position and high liquidity were supported by the Group’s profitability and effective working capital management.
o Net debt improved to €29.6m on June 30, 2026, versus €32.8m on June 30, 2025. o The sale of Polipak’s old, non-operating factory was successfully completed in June 2026, for a consideration of €3.1m, further strengthening the Group’s liquidity.
o Available approved credit lines of €120.0m provide the necessary financial flexibility to support potential future acquisitions.
▪ Continued commitment to delivering value to Shareholders with increased dividend distribution
o The gross dividend for fiscal year 2025 increased by 25% and amounted to €25.0m, versus €20.0m for fiscal year 2024.
o The dividend per share increased to €0.39, versus €0.31 for fiscal year 2024.
o The payout ratio on net profit for fiscal year 2025 stood at 47.1%, versus 43.5% for fiscal year 2024.
▪ Advancing the Group’s strategic agenda
o Capital expenditures (CAPEX) were implemented in line with the Group’s strategic priorities, strengthening operational efficiency, sustainability and future growth prospects, including:
✓ Investments in recycling capabilities (upgrade of Stella Pack’s regranulation unit) delivered tangible benefits in H1 2026, improving cost efficiency, limiting exposure to raw material price increases and further strengthening the Group’s commitment to responsible production.
✓ Implementation of the investment for the expansion of the factory in Oinofyta continued, with projects to increase production capacity progressing during 2026, supporting the growth of the Beauty, Skin Care and Sun Protection product category.
o International growth initiatives continued to gain momentum, driven by the further expansion of Carroten in selected international markets.
o Digital transformation is progressing according to plan
✓ The first phase of SAP S/4HANA implementation in Greece, Hungary, the Czech Republic and Slovakia was successfully completed in early 2025, while the second phase in the Western Balkans, Romania and Bulgaria was successfully completed in January 2026.
✓ The third phase of implementation in Poland is expected to be completed by January 2027.
✓ The Group now operates to a large extent through a common, integrated digital platform and will continue to strengthen its digital capabilities during H2 2026.
✓ The Integrated Business Planning (IBP) program was successfully completed, enhancing operational flexibility.
✓ The development of new digital tools continued with the aim of optimizing operational flows and processes.
o Continuous progress in implementing the Group’s ESG strategy
✓ Strengthening ESG corporate governance and the reliability of related data, while advancing climate actions and improving Health and Safety practices.
✓ Further assessment of the environmental footprint of selected products and packaging, aiming to reduce emissions related to packaging and plastic use.
✓ The Group remains committed to its climate targets, including a 42% reduction in Scope 1 and Scope 2 emissions by 2030 and achieving Net Zero emissions across the value chain by 2050.
Mr. Giannis Bouras, CEO of the Sarantis Group, commented:
«During the first half of 2026, we continued to consistently execute our strategic priorities, achieving resilient sales growth, healthy profitability and further strengthening of our financial position. Our focus on priority categories and the HERO product portfolio further improved the quality of revenues and contributed to shaping a more balanced sales mix, while disciplined cost management and operational excellence enabled us to maintain strong profitability levels.
Despite the ongoing cost pressures arising from supply chain disruptions due to the continuing conflict in the Middle East, the efficiencies resulting from our investments in production contributed to maintaining resilient profit margins. At the same time, we continued to invest in the Group’s future. International growth initiatives gained further momentum, with the expansion of Carroten products into existing and new markets.
In addition, we advanced our digital transformation through the successful implementation of SAP S/4HANA in additional countries, while ongoing investments in industrial production, automation and recycling capabilities further strengthened our competitiveness and operational efficiency. Looking ahead, we remain committed to executing our strategy and creating sustainable long-term value for our shareholders and stakeholders. Supported by a strong balance sheet, the generation of strong cash flows and disciplined execution of our plan, we remain confident in the Group’s ability to achieve its long-term goals.»