Announcement of Financial Figures for the fiscal year 2024 – MATHIOS REFRACTORIES S. A.

MATHIOS REFRACTORIES S. A. announces its financial key figures for the fiscal year 2024.

The Groups’ turnover in 2024 declined by 7.7% as compared to the 2023 turnover, while the parent company’s turnover declined by 6.1%.

The decline of the Group’s sales by € 1.0 million as compared to last year’s sales is solely due to foreign markets.

The decline of refractory and stone sales was mainly due to the delayed commencement of projects which were postponed to 2025 and the continuing demand decline in the domestic market.

Consolidated statements for 2024 show a gross profit of € 4,519 K as compared to € 4,834 K for 2023, namely a 6.5% decline. The parent company’s gross profit for 2024 was in the amount of € 4,475 K while the respective profit for 2023 was € 4,606 K, namely a 2.83% decline.

In 2024 the Group’s and the Company’s operating expenses (management and disposal) declined by € 690 K (- 12%) and € 497 K (- 10%), respectively, as compared to last year’s figures.

Management expenses include the sum of € 270 K incurred by the research department in 2024 as compared to last year’s € 290 K.

The Group’s net results (after tax and minority interests) amounted to € - 781 K and the Company’s respective results amounted to € - 298 K as compared to last year’s € - 1,740 K and € - 1,415 K, respectively.

In the light of the Company’s results for 2024, at the Shareholders’ Annual Assembly Meeting to be held on 19 June 2025 the Company’s Board of Directors will propose that no dividend be distributed for the fiscal year 2024 due to losses.

For further information, interested parties may refer to company’s Annual Financial Statements for 2024 and the XBRL file, both available in Greek on the company’s website: http://www.mathios.com