Ecoslops (ALESA) investor relations material

Executive summary

• Revenue for H1 2025 was €6 million, a 2% decrease year-over-year, with stable turnover despite a 16% drop in oil prices offset by higher sales volumes and increased port services revenue.

• EBITDA was slightly negative at €57k, compared to €310k in H1 2024, mainly due to higher structural and maintenance costs.

• Net loss stood at €991k, nearly unchanged from the previous year.

Financial highlights

• Refined products revenue declined by 8% year-over-year, while port services revenue increased by 16%.

• Gross margin rate remained stable at 59.2% versus 59.9% a year earlier.

• Operating cash flow was positive at €0.83 million, driven by a reduction in inventory and accounts payable.

• Cash and cash equivalents at period end were €5.3 million, down from €6.6 million at year-end 2024.

• Net debt remained stable at €12 million.

Outlook and guidance

• Focus remains on renewing the Sines port concession, securing medium-term supply, and deploying Scarabox® units in Cameroon, Ivory Coast, and other markets.