Athens - 28 September 2026 - Fais Holdings S.A., under the trade name Fais Group, announces the Group's consolidated financial results for the first half of 2026. The Fais Group recorded an increase in sales and an improvement in gross profit margin, while further strengthening its financial position through a reduction in net debt and a significant improvement in working capital. Profit after tax increased by 125%, supported by extraordinary gains of €3.68 million from the sale of the hotel in Santorini.
Key Published Financial Highlights for H1 2026Consolidated sales increased by approximately 3%, reaching €103 million.
Gross profit margin improved to 46.2%, compared with 45.6% in the corresponding prior-year period (+60 bps).
EBITDA amounted to €18 million, compared with €17.5 million, representing an increase of 3%.
Profit after tax amounted to €7.48 million, compared with €3.33 million.
Network ExpansionDuring the first half of 2026, the Group opened four new stores and operated a total of 145 points of sale, comprising:
135 physical stores & Shop-in-Shop (SIS), compared with 131 at the end of 2025.
10 e-commerce stores, unchanged from the end of 2025.
Financial PositionIn 2026, the Group continues to further strengthen its capital structure and liquidity:
Balance Sheet items ( in € mn.)
6M 2026
FY 2025
chng
( in € mn.)
Effect
Significant Events During H1 2026Net Debt
47
64.5
-17.5
✔ Positive
Working Capital
43.5
36
7.5
✔ Positive
a-Working Capital (excl IFRS16)
54.7
47
7.7
✔ Positive
The sale of a hotel property in Santorini was completed for €28.3 million, generating a gain of €3.68 million.
On 29 June 2026, the Annual General Meeting of shareholders approved a scrip dividend programme in respect of a dividend of €0.155 per share (gross), with the option to reinvest 50% of the dividend in new Company shares, as well as a capital return of
€0.11 per share.
Significant Events After the Reporting Date of the Financial StatementsA capital return of €0.11 per share, amounting to a total of €5,024,800, was approved and distributed during July.
On 4 August 2026, payment of the dividend amounting to €4,238,724.11 was completed, following deduction of the amount reinvested under the programme.
Lou Fais, Chairwoman of the Board of Directors, and Sam Fais, Chief Executive Officer of Fais Holdings S.A., jointly stated:"During the first half of 2026, the Fais Group recorded steady sales growth and an improvement in gross profit margin, while further strengthening its financial position through a reduction in net debt and finance costs, as well as a significant improvement in working capital. Undoubtedly, inflationary pressures on operating costs, including personnel, energy, rental and transportation costs, continued to affect our operations, with the business environment remaining particularly demanding. Expenses have been impacted by the opening of new stores and the refurbishment of existing ones. These investments, however, are expected to have a positive impact in the near future by expanding the Group's sales and profitability.
We continue to consistently implement our corporate transformations among the Group's subsidiaries, with the aim of creating a more streamlined structure that will lead to economies of scale, while remaining focused on our core activities and on how to further develop them. In this context, we proceeded with the sale of our hotel property in Santorini for €28.3 million, generating a net gain of €3.68 million.
In addition, we continue to expand our network, which now comprises 145 points of sale across five countries, both physical and online. Our next destination is Slovakia, where our first KIKO Milano store is expected to open shortly. At the same time, we are strengthening our e-commerce operations with the launch of new KIKO Milano e-shops in Romania and Cyprus. In early July, we opened the new KALOGIROU Mykonos Store in Matogiannia, in a privately owned listed historic building. New KIKO Milano points of sale also opened in Romania, the Czech Republic and Greece. We are refurbishing our stores wherever we consider it necessary, such as the MANGO store at River West shopping centre, covering approximately 1,000 sq.m., and the Ferragamo store on Stadiou Street. As a result, we have already invested approximately €5 million in capital expenditure during the first half of this year.
Following the end of the first half, we distributed a capital return of €0.11 per share to our shareholders and implemented a scrip dividend programme in respect of a dividend of
€0.155 per share (gross), with the option to reinvest 50% of the dividend in new Company shares. The programme recorded particularly high participation of 77.2%. Total
shareholder return amounted to approximately 7% for shareholders who did not participate in the programme, significantly exceeding the average dividend yield of the Athens Stock Exchange, which, based on the 2025 financial statements, stood at 4.4%. This performance reflects our ongoing commitment to creating value for our shareholders.
We remain focused on implementing our strategy, with an emphasis on further expanding our retail network, geographic expansion into existing and new markets, and broadening our partnerships with internationally recognised brands.
We are moving forward with transparency, consistency and commitment, with the steadfast objective of creating long-term value for our shareholders, customers, partners and employees."
Investor & Analyst ContactNikolaos Anamourloglou Tel.: +30 211 1088 421
Email: [email protected] Website: www.faisgroup.com About Fais Group
The Fais family has been active in the retail and wholesale distribution of sportswear,
apparel, footwear and accessories for more than 45 years, maintaining a leading position in the Greek market while expanding its activities internationally.
Since 2017, the Group's main business activities have included:
Distribution of sportswear and wellness equipment
Distribution of luxury footwear and accessories
Distribution of premium & lifestyle fashion products
Distribution of cosmetics
Commercial real estate development
As a well-diversified group, it has also expanded its activities into other sectors, such as motorcycle distribution, where it has also achieved significant success. The Group operates in Greece, Cyprus, Bulgaria, Romania and the Czech Republic, and is most recently expected to expand into Slovakia.