PROFILE SYSTEMS & SOFTWARE SA

PROFILE S.A. – Clarifications regarding the acquisition agreement of Algosystems S.A.

The Public Limited Company under the name “PROFILE ANONYMOUS COMMERCIAL AND INDUSTRIAL INFORMATICS COMPANY”, with the distinctive title “PROFILE SYSTEMS & SOFTWARE S.A.” (hereinafter the “Company”), following letter with Protocol Number 2838/28.11.2025 from the Listed Companies Directorate of the Hellenic Capital Market Commission and in accordance with the provisions of Article 4.1.1 of the Regulation of the Athens Stock Exchange, pursuant to Decision No. 25 (point 12) of the Athens Exchange Markets Committee of the Athens Stock Exchange, as well as pursuant to the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014,  provides the following clarifications further to its announcement dated 24.11.2025 regarding the signing of the Share Purchase Agreement for the acquisition of common registered unlisted shares (hereinafter the “Agreement”) with the majority shareholders of “ALGOSYSTEMS ANONYMOUS TECHNICAL COMMERCIAL INFORMATION TECHNOLOGY AUTOMATION AND METROLOGY COMPANY” (hereinafter “Algosystems”):

 

  1. The total consideration of the Company’s investment, (including the purchase price, which will be paid in cash) is expected to range between €3–4 million, while the final and exact amount will result both from the fulfilment of the conditions and prerequisites of the Agreement and from the review and finalization of certain obligations of ALGOSYSTEMS.

 

  1. Based on currently available information, the Company’s Management estimates that the completion of the transaction will take place within January 2026.

 

  1. Furthermore, the Company’s Management estimates that the completion of the above acquisition will contribute positively and substantially to its portfolio of essential Cybersecurity and ICT support services offered to financial institutions, businesses but also to the public sector organizations, as well as to the financial position and results of the Group. However, it is not possible at this stage to quantify these effects.

 

The Company undertakes to duly proceed with a subsequent announcement, providing timely, complete, and appropriate updates to the investor community regarding any material development on the above matter, in accordance with the applicable legislative and regulatory framework.