AnAn International (Y35) investor relations material

Executive summary

• 1H 2026 revenue rose 23% YoY to US$1.449bn on higher fuel sales volumes in France and Spain; net profit increased to US$12.509m from US$1.139m.

• Gross profit growth and stronger margins drove earnings improvement, while operating cash flow turned negative amid working-capital outflows and tax payments.

Financial highlights

• Revenue increased 23% to US$1,449.261m; cost of sales rose 22% to US$1,371.132m, and gross profit advanced 51% to US$78.129m.

• Profit before tax was US$17.798m versus US$2.193m; net profit was US$12.509m versus US$1.139m, including income tax expense of US$5.289m.

• Selling and distribution expenses rose 15% to US$54.227m; administrative expenses increased 46% to US$2.779m, and other operating expenses were US$2.729m.

• Cash and cash equivalents were US$53.085m at 30 June 2026, versus US$76.660m at 31 December 2025; total assets were US$589.332m.

Outlook and guidance

• Strategy centers on maintaining oil-distribution market privileges and a stable customer base while diversifying energy distribution and pursuing organic and acquisition-led growth.

• The energy transition and uncertain economic outlook remain considerations as the business aims to evolve from oil distribution toward energy services over the next 12 months.