Transport Trade Services (TTS) investor relations material

Executive summary

• Returned to profitability in H1 2026, achieving a net profit of RON 229,448 and reversing a net loss of RON 18.85 million in H1 2025, with revenues up 0.5% despite a 3.2% decrease in aggregated volume.

• Operational leverage and expense optimization drove solid profitability, with EBITDA at +RON 16 million, operating result at +RON 22 million, and net profit up by RON 19 million.

• Total comprehensive income for H1 2026 was RON 376,357, compared to a loss of RON 18.68 million in H1 2025.

• Chemical goods led performance with a 14.1% volume increase, while agricultural goods declined by 17%.

• Revenue remained stable at RON 321.4 million, a slight increase from RON 319.8 million year-over-year.

Financial highlights

• Group revenues increased by RON 1.6 million year-over-year in H1 2026, reaching RON 321.4 million.

• EBITDA rose by RON 16 million, operating result by RON 22 million, and net profit by RON 90 million compared to H1 2025.

• Q2 2026 was the best quarter in the past 24 months, driven by the agricultural year.

• Cash and cash equivalents increased to RON 88.8 million from RON 80.2 million at year-end 2025, with a group cash position of RON 94 million at the end of Q2 2026, affected by dividend payments.

• Total assets: RON 1.32 billion as of June 30, 2026.

Outlook and guidance

• Revenue and EBITDA targets for 2026 maintained, projecting +14.6% revenue and +69% EBITDA growth versus 2025.

• Expect gradual inventory disposal in Q4 2026 and improvement in Danube navigation conditions.

• Strategy leverages integration and hedging across goods mix to offset deficits in minerals and chemicals with record agricultural harvest and Ukrainian grain flows.

• The business operates on a going concern basis, with no indication of liquidity or solvency issues.

• No subsequent events impacting future performance were reported.