FLEXOPACK SA - 213800SD9V875QXDRR32

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY TZIMA LOCATION – 194 00 KOROPI ATTICA, GREECE GENERAL ELECTRONIC COMMERCIAL REGISTRY No. 582101000 Annual Financial Report for financial year 2025 st st (January 1 2025 - December 31 2025) According to article 4 of L. 3556/2007, applies as amended And the relevant authorized and executive decisions issued by the Board of Directors of the Hellenic Capital Market Commission st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 1

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CONTENTS CHAPTER 1 : Statements by Representatives of the Board of Directors ............................................... 5 CHAPTER 2: Management Report by the Board of Directors (including the Corporate Governance Statement), for financial year 2025 ........................................................................................................ 6 Sustainability Report ........................................................................................................................... 105 Independent Auditor’s Limited Assurance Report on the Sustainability Report of FLEXOPACK S.A.. 193 CHAPTER 3 : Independent Auditor’s Report ...................................................................................... 198 CHAPTER 4 : Annual Financial Statements ......................................................................................... 205 Statement of Financial Position .............................................................................................. 206 Statement of Income ............................................................................................................. 207 Statement of Comprehensive Income ..................................................................................... 208 Consolidated Statement of Changes in Equity.......................................................................... 209 Statement of Changes in Parent Company’s Equity .................................................................. 210 Statement of Cash Flows ....................................................................................................... 211 1. General Information on the Company and Group ................................................................. 212 2. Basis for the preparation of the financial statements............................................................ 213 2.1 Adoption of New and Revised International Standards ....................................................... 213 2.2 Significant accounting judgments, estimations and assumptions ......................................... 216 3. Material accounting principles ............................................................................................ 218 3.1 Consolidation................................................................................................................... 218 3.1.1 Structure of the Group and consolidation method of companies ....................................... 219 3.2 Operation and presentation currency and foreign currency translation ................................ 221 3.3 Tangible fixed assets ....................................................................................................... 221 3.4 Goodwill .......................................................................................................................... 222 3.5 Intangible assets ............................................................................................................. 222 3.6 Impairment of Assets ....................................................................................................... 223 3.7 Trade receivables and other receivables ............................................................................ 223 3.8 Inventories ...................................................................................................................... 223 3.9 Cash & cash equivalents .................................................................................................. 224 3.10 Suppliers and related liabilities ........................................................................................ 224 3.11 Financial Assets and Financial Liabilities .......................................................................... 224 3.12 Financial Derivatives ...................................................................................................... 225 3.13 Share capital ................................................................................................................. 226 3.14 Loans ............................................................................................................................ 226 3.15 Income tax (Current and deferred) ................................................................................. 227 3.16 Employee benefits ......................................................................................................... 227 3.17 Provisions for contingent claims-liabilities ........................................................................ 228 3.18 Recognition of income .................................................................................................... 228 3.19 Leases .......................................................................................................................... 229 3.20 Dividend distribution ...................................................................................................... 230 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 2

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 3.21 Earnings per Share ........................................................................................................ 230 4. Segment reporting............................................................................................................. 230 5. Risk Management .............................................................................................................. 231 6. Notes on the Financial Statements...................................................................................... 243 6.1 Tangible fixed assets ....................................................................................................... 244 6.2 Goodwill .......................................................................................................................... 246 6.3 Intangible assets ............................................................................................................. 246 6.4 Participations in Subsidiaries ............................................................................................ 247 6.5 Participations in associate companies ................................................................................ 249 6.6 Other long-term receivables ............................................................................................. 250 6.7 Inventories ...................................................................................................................... 250 6.8 Trade receivables ............................................................................................................ 251 6.9 Other receivables............................................................................................................. 252 6.10 Cash & cash equivalents................................................................................................. 252 6.11 Equity ........................................................................................................................... 253 6.11.1 Share Capital and Share Premium ................................................................................ 253 6.11.2 Reserves .................................................................................................................... 253 6.11.3 Retained earnings ....................................................................................................... 257 6.12 Deferred tax assets and liabilities .................................................................................... 257 6.13 Provision for staff indemnities due to retirement .............................................................. 259 6.14 Leases – Right of Use Assets ......................................................................................... 261 6.15 Long-term and short-term loans ..................................................................................... 262 6.15.1 Other long-term liabilities ............................................................................................ 265 6.16 Other provisions ............................................................................................................ 265 6.17 Suppliers and other liabilities .......................................................................................... 266 6.18 Liabilities from income tax .............................................................................................. 266 6.19 Turnover ....................................................................................................................... 267 6.20 Analysis of Expenses per category .................................................................................. 267 6.21 Employee Benefits ......................................................................................................... 268 6.22 Other Operating Income and Expenses ........................................................................... 269 6.23 Financial Income and Expenses ...................................................................................... 270 6.24 Other Financial Results................................................................................................... 270 6.25 Income Tax ................................................................................................................... 271 6.26 Contingent Receivables - Liabilities ................................................................................. 272 6.26.1 Information regarding assumed liabilities...................................................................... 272 6.26.2 Tax un-audited financial years ..................................................................................... 273 6.26.3 Information regarding contingent receivables ............................................................... 274 6.27 Current liens .................................................................................................................. 274 6.28 Auditors’ fees ................................................................................................................ 274 6.29 Transactions with related parties .................................................................................... 274 6.30 Earnings per share ......................................................................................................... 278 6.31 Dividends ...................................................................................................................... 279 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 3

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.32 Fair value measurement ................................................................................................. 280 6.33 Reconciliation of cash flows from financing activities ........................................................ 281 6.34 Exercise of stock options (Stock Option Plan) and subsequent increase of the Company's share capital .................................................................................................................................. 282 6.35 Establishment of Plan for the distribution of shares to the members of the Company's Board of Directors, managers and other executives, in the form of stock options .................................... 283 6.36 Reclassification of Items ................................................................................................. 284 6.37 Events after the reporting date of the financial statements ............................................... 284 APPENDIX A: Report of the Audit Committee for the year 2025 ................................................ 287 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 4

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHAPTER 1 : Statements by Representatives of the Board of Directors (According to article 4, par. 2 of L. 3556/2007, as is in effect) 1. Georgios Ginosatis of Spyridonos, resident of Koropi Attica, 6 Karaiskaki Str., Chairman of the Board of Directors. 2. Stamatios Ginosatis of Spyridonos, resident of Koropi Attica, 204 Vas. Konstantinou Str., Deputy Chief Executive Officer. 3. Asimina Ginosati of Dimitrios, resident of Koropi Attica, 204 Vas. Konstantinou Str., Executive Member of the Board of Directors. ************************** We, the following signatories, under our capacity as mentioned above, and according to the relevant stipulations by law (article 4 par. 2, case c, of Law 3556/2007, as they are in effect as of following the latest amendment pursuant to article 16 of Law 5164/2024, and specifically pursuant to the relevant special decision by the Board of Directors of the Société Anonyme Company with the name “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” and with the distinctive title “FLEXOPACK S.A.”, (hereinafter the “Company” or “FLEXOPACK”), hereby state and confirm that to our knowledge: (a) The annual Financial statements of the Company for financial year 2025 (1.1.2025 - 31.12.2025), separate and consolidated, which were prepared in accordance with the current accounting standards in effect, accurately present the assets and liabilities, the equity and results for the period of the Company, as well as of the companies included in the consolidation and considered aggregately as a whole, and (b) the Management Report of the Board of Directors of the Company depicts in true manner the most significant events occurring during the financial year 2025 (01.01.2025-31.12.2025), their effect on the annual Financial Statements, including the description of the major risks and uncertainties which the Company faces, the important transactions taking place between the Company and its related parties (as they are defined by IAS 24), as well as the development of the activities, the performance and position of the Company and the companies included in the consolidation regarded as a whole. Finally, the Management Report of Board of Directors was prepared in accordance with the sustainability reporting standards of article 154A of Law 4548/2018 (A’ 104) and in line with the specifications approved in relation to paragraph 4 of article 8 of the Regulation (EU) 2020/852 of th the European Parliament and the European Council as at June 18 , 2020, establishing a framework that facilitates the sustainable investment as well as the amendment of Regulation (EU) 2019/2088 (L 198). Koropi, 28 April 2026 The parties of the statement Georgios Ginosatis Stamatios Ginosatis Asimina Ginosati ID NO. ΑΕ 153990 ID NO. S 500301 ID NO. ΑΒ 243605 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 5

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHAPTER 2: Management Report by the Board of Directors (including the Corporate Governance Statement), for financial year 2025 The current Annual Management Report by the Board of Directors (hereinafter for the sake of brevity the “Report” or “Management Report”), refers to the financial year 2025 (01.01.2025 – 31.12.2025) was prepared and is in line with the relevant provisions of 4548/2018 "Reform of the Law of Societe Anonymes" (Government Gazette Α΄ 104 / 13.06.2018) and also with the provisions of Law 3556/2007 (Government Gazette 91Α/30.04.2007) and especially the article 4, as both laws are currently in effect, and with the relevant, as stated by law, executive decisions issued by the Hellenic Capital Market Commission and specifically Decisions No. 1/434/2007 and 8/754/14.04.2016, as the latter is in force after its amendment by the decision with number 12A / 889 / 31.08.2020 of the Board of Directors of the Hellenic Capital Market Commission. The present Report includes in synopsis and in understandable, essential and comprehensive manner all sub-sections required, according to the above regulatory framework, and depicts in clear and true manner all the relevant by law information, so as to create an essential and in depth sum of information for the activities during the period under consideration of the Societe Anonyme under the name “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” (which in the current Report will be called for the sake of brevity as “Company” or “FLEXOPACK”) as well as of FLEXOPACK Group. Given the fact that the Company prepares consolidated and non-consolidated (separate) Financial Statements, the present Report is exclusive, with however as its basic and primary reference the Company’s consolidated financial data and those of its related companies. References to non- consolidated financial data in the following analysis, are made in specific points deemed reasonable or necessary by the Company’s Board of Directors, for the better understanding of the Report’s contents and also for the more effective provision of information towards the investment community. The subsidiaries and related companies, which are included in the consolidated Financial Statements and the percentages of the Company's direct and indirect participation in these entities, are mentioned in note 3.1.1 of the annual Financial Statements. The present Report is included in total with the annual Financial Statements (separate and consolidated) of the year 2025 and the other required by law information and statements in the Annual Financial Report which concerns the financial year 2025. The sub-sections of the Report and the content of such are as follows: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 6

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY SECTION A’ Significant events of financial year 2025 The significant events that occurred during the closing financial year 2025 as well as their impact on the annual Financial Statements have as follows: 1. Annual Ordinary General Shareholders’ Meeting of the Company th On 20 June 2025, the Annual Ordinary General Meeting of the Company's Shareholders was held at the corporate headquarters (Koropi, Attica, Tzima location, 37 Hephaestus Street), which was attended in person or by a representative, by shareholders representing 9,841,055 common registered shares and equal number of voting rights, i.e. a high quorum percentage of 83.59% out of the total 11,772,774 shares and equal number of voting rights of the Company. It is noted that for 96,450 common, registered shares the representation and voting rights had been suspended, according to the provisions of article 50, paragraph 1, section A of Law 4548/2018, in the sense that they constitute own (treasury) shares of the Company and therefore the particular shares were not calculated for the formation of a quorum. The Annual General Meeting of the Company’s shareholders proceeded with the following decisions on the subjects of the daily agenda, as these decisions are presented based on the results of the voting process per agenda item, in accordance with the provisions of article 133, paragraph 2 of Law 4548/2018. The results of the voting process have also been posted on the legally registered website of the Company (http://www.flexopack.com). With regard to the 1st issue, the General Meeting unanimously approved the Annual Financial Statements (separate and consolidated) relating to the financial year 2024 (01.01.2024- 31.12.2024) and, in overall, the annual Financial Report for that year, which was prepared in accordance with the provisions of the current regulatory framework and the requirements of the European Single Electronic Format and was published by the Company on the latter’s legally registered webpage in GEMI (General Electronic Commercial Registry) (http://www.flexopack.com ), and via dispatch to the website of the Organized Market where the Company’s shares are traded (http://www.athexgroup.gr ), as well as to the Hellenic Capital Market Commission. With regard to the 2nd issue, the Meeting unanimously approved the annual Management Report of the Board of Directors, which is entirely included in the Minutes of the Company’s Board of Directors th of 28 April 2025, along with the Sustainability Report and the respective limited assurance report of the Chartered Auditor-Accountant Ms. Athina Moustaki (SOEL Registration Number 28871) as well th as the Audit Report as of 29 April 2025, of the Chartered Auditor-Accountant of the Company, Mr. Eleftherios Koutsopoulos (SOEL Registration Number 44651), regarding the annual financial statements relating to the financial year 2024 (01.01.2024-31.12.2024). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 7

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY With regard to the 3rd issue, for which no resolution was required, the Company submitted and presented to the Shareholders’ Meeting, in accordance with the provisions of article 44 paragraph 1, section h’ of Law 4449/2017, as it is valid after its amendment by the article 74, paragraph 4 of Law 4706/2020, the Annual Report of the Audit Committee for the financial year 2024 (01.01.2024- 31.12.2024), in order to fully, adequately and thoroughly inform the shareholders regarding the work of the Committee during the closing financial year. With regard to the 4th issue, the Meeting unanimously approved the allocation and distribution of the results of the financial year ended 31.12.2024 and in particular approved on the one hand the formation of the Company's ordinary and special reserves according to article 48 of Law 4172/2013 and on the other hand the distribution (payment) to the shareholders of the Company of a total amount of 1,942,507.71 Euros (gross amount), i.e. amount of 0.165 Euros per share (gross amount) from the earnings of the closing year 2024 (01.01.2024-31.12.2024). From the above amount, meaning the dividend paid, the proportional tax of 5% had been withheld and therefore the total amount of the dividend settled at 0.15675 Euro per share. It is noted that 96,450 treasury shares held by the Company were excluded from the payment of dividend and consequently the amount of dividend corresponding to the treasury shares increased the above dividend of all other shares in accordance with the article 50 of Law 4548/2018. Beneficiaries of the above dividend were appointed the shareholders of the Company registered in the files of the Dematerialized Securities System (DSS) on Wednesday, July 2, 2025 (record date). The cut-off date of the dividend of fiscal year 2024 was set for Tuesday, July 1, 2025, in accordance with the article 5.2 of the Athens Exchange Regulation. The payment of dividend was set on Monday, July 7, 2025 and was carried out by Societe Anonyme Banking Company "NATIONAL BANK OF GREECE SA", based on the procedure provided by the Regulation of the Athens Exchange, Greece. With this unanimous decision, the General Meeting of Shareholders granted the Company's Board of Directors the required authorizations for the appropriate and timely implementation of the decision concerning the distribution (payment) of a dividend. Finally, with this majority decision, the General Meeting of Shareholders approved the payment- granting of fees from the profit of the year in accordance with article 109, paragraph 2 of Law 4548/2018, towards the members of the Board of Directors (excluding its independent non- executive members), since the above entitled persons with their intense, systematic and constant actions contributed substantially and decisively to a stronger extroversion for the Group, to the promotion of the Company's business purposes and plans, to the implementation of the Group's st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 8

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY international investment plan, to the achievement of a wider recognition, as well as to the improvement of the financial performance and financial ratios of both the Company and the Group, despite the especially negative external environment. With regard to the 5th issue, the Meeting unanimously approved, following a voting process from the shareholders based on name, the general administration performed by the members of the Board of Directors during the year ended on 31.12.2024 and the discharge of the Auditors of the Company from any liability stemming from their actions and the overall management of the closing financial year of 2024 (01.01.2024-31.12.2024), as well as of the annual financial statements of that year. With regard to the 6th issue, the Meeting approved unanimously and following the relevant proposal of the Audit Committee, the election of “Grant Thornton AUDITING FIRM CERTIFIED AUDITORS AND CONSULTANTS SOCIETE ANONYME”, registered in the Public Registry of article 14, Law 4449/2017 (SOEL Registration Number 127), for the ordinary audit of the annual and semi-annual financial statements (separate and consolidated) of the Company for the current financial year 2025 (01.01.2025 - 31.12.2025). It is noted that the above Auditing Firm will also undertake the process of issuing the annual tax certificate and the tax compliance report of the Company for the year 2025, in accordance with the provisions of article 65A of Law 4174/2013. Finally, with this unanimous decision, the General Meeting of Shareholders granted the Board of Directors the relevant authorization to enter into a definitive agreement with the aforementioned Audit Firm regarding the fees required for the audit in relation to the current financial year as well as for the issuance of the tax certificate. The Board of Directors was also authorized to send to the elected Auditing Company the respective written notification-order within five (5) days from the date of the above election. With regard to the 7th issue, the Meeting approved by majority following a relevant recommendation-proposal from the Audit Committee, the election of the Audit Firm under the name "Grant Thornton CERTIFIED AUDITORS AND BUSINESS CONSULTANTS SOCIETE ANONYME" which is registered in the Public Registry of article 14 of Law 4449/2017 (in accordance with Article 154C of Law 4548/2018) for the provision of assurance on the Sustainability Report for the current fiscal year 2025 (01.01.2025-31.12.2025). The above were performed in accordance with the provisions of Article 154C of Law 4548/2018, Law 4449/2017 as in force and the Guidelines issued by the Accounting Standardization and Auditing Committee (ASAC - ELTE) regarding its Limited Assurance Program (International Standard on Assurance Engagements or ISAE 3000). Also, with the same unanimous decision, the Meeting provided the Board of Directors with the relevant authorization to proceed to a final agreement with the aforementioned Audit Firm regarding the level of its remuneration, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 9

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY With regard to the 8th issue, the General Meeting by majority approved the remuneration, compensation and overall benefits paid and / or granted to the members (executive and non- executive ones) of the Board of Directors for the services provided to the Company and for their participation in the latter’s management during the closing fiscal year 2024 (01.01.2024-31.12.2024), confirming their agreement with the approved and effective Remuneration Policy. With regard to the 9th issue, the General Meeting by majority approved the Remuneration Policy Report of the financial year 2024 (01.01.2024 - 31.12.2024), which was prepared in accordance with the provisions of article 112 of Law 4548/2018 and contains a comprehensive overview of the total remuneration of the members of the Board of Directors (executive and non-executive), including the Chief Executive and also provides explanation on the manner with which the Company implemented the respective Remuneration Policy for the immediately preceding financial year. It is noted that the Company's Remuneration and Nomination Committee confirmed the preparation of the above Report in full alignment with the provisions of article 112 of Law 4548/2018 and ascertained the accuracy, completeness and clarity of its contents with regard to the remuneration, fees and benefits in general paid during the fiscal year 2024 (01.01.2024-31.12.2024). With regard to the 10th issue, the Meeting by majority approved the remuneration, salaries, compensations and other benefits in general, which will be paid to the members of the Board of Directors during the current fiscal year 2025 (01.01.2025 - 31.12.2025), which are in harmonization and compliance with the approved and current Remuneration Policy of the Company, while with the same unanimous decision it provided the relevant permission for advance payment of such fees to the above persons for the period until the next Ordinary General Meeting, in accordance with the provisions of article 109 of Law 4548/2018, as in force. th With regard to the 11 issue, the Meeting unanimously approved the provision of authorization, in accordance with article 98 paragraph 1 of L. 4548/2018, to the members of the Board of Directors and the Managers of the Company to participate in the Board of Directors or the Management of Group Companies (existing and / or future), which pursue the same, related or similar purposes and to perform actions related to the business objectives of the Company. With regard to the 12th issue, the Meeting unanimously approved the stock repurchase program of the Company in accordance with article 49 of Law 4548/2018. In more specific terms, the Meeting approved the purchase within a period of twenty-four (24) months from the date of adoption of this decision, of a maximum of 1,090,472 common, registered shares, which, when aggregated with the treasury shares currently held by the Company (96,450 treasury shares), correspond to 10% of the total number of the currently outstanding voting shares of the Company. The purchase price range was set between three Euros (3.00€) per share (minimum limit) and ten Euros (10.00€) per share (maximum limit). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 10

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY At the same time, with the same unanimous decision, the General Meeting of Shareholders provided the Company's Board of Directors with the authorization regarding the appropriate implementation of the stock repurchase program, within the framework defined above. With regard to the 13th issue, the Independent Non-Executive BoD Members' Report was submitted to the body of shareholders for the financial year of 2024 (01.01.2024 - 31.12.2024), in accordance with the provisions of article 9, paragraph 5 of Law 4706/2020, and was read accordingly. 2. Establishment of new company in Spain The Company's Management proceeded with the establishment of a new trading company under the name "FLEXOPACK SPAIN SL" in Madrid, Spain. This new trading company, which aims to strengthen the new distribution model adopted by the Group, is fully controlled by the Cypriot subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (which is in turn 100% controlled by the Company). The establishment of this new company is part of the Group's broader strategic plan for the targeted expansion, upgrading and modernization of its global distribution and marketing network. It also aims to further strengthen and substantially expand its presence in the Spanish market as well as to fully, faster and more effectively serve this specific geographical market utilizing also the Group's experience and know-how. 3. Acquisition of company in New Zealand The Company's Management, in the context of further strengthening the Group's presence in the geographical area of New Zealand, where the subsidiary company under the name "Flexopack NZ Limited" already operates, proceeded, through the aforementioned subsidiary, to acquire a significant minority stake in the company under the name "Progressive Plastics Limited" (hereinafter "PPL"). The acquired company is headquartered in New Zealand and operates in the plastic packaging materials production sector, through its production unit in Dunedin, New Zealand. In particular, the aforementioned subsidiary of the Group (Flexopack NZ Limited) acquired a 34% stake in PPL for a consideration of NZ$ 610 thousand (EUR 323 thousand). This transaction is part of the Group's broader strategic plan for the targeted expansion, upgrading and modernization of its global distribution and marketing network. 4. Exercise of stock options (Stock Option Plan) and subsequent increase of the Company's share capital In accordance with the terms of the Stock Option Plan, which was established pursuant to the decision of the Board of Directors on 10/07/2023, and in execution of the decision of the Annual Ordinary General Meeting of the Company's shareholders dated 16/06/2023, the Company's executives, as determined by the relevant decision of the Board of Directors on 14/07/2023, were invited to submit, by 30/09/2025, a declaration of intent to exercise stock options corresponding to 74,400 new common, registered shares of the Company. Specifically: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 11

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Stock Option Plan Number of stock options to be exercised 75,400 Number of stock options exercised 74,400 Exercise price 3.00€ Exercise period 30.06.2025-30.09.2025 Payment deadline 30.09.2025 - 20.10.2025 The cash payment of the purchase price for the above shares was completed on time and amounted to 223,200.00 Euros. On 24/10/2025, the Minutes of the Board of Directors dated 22/10/2025 were registered in the General Commercial Registry (G.E.M.I.) with Registration Number 5610134 via the Companies Directorate of the Ministry of Development and Investments as being the competent Supervisory Authority. The Minutes of the Board of Directors concerned the share capital increase of the Company by an amount of 40,176.00 Euros via the payment in cash and through the issuance of 74,400 new common, registered shares with a nominal value of 0.54 Euros and an issue price of 3.00 Euros per share. The difference between the offering price of the new shares and their nominal value, of 183,024 Euros, was transferred to a special Share Premium reserve account. On 31/10/2025, the Minutes of the Board of Directors dated 29/10/2025 were registered in the General Commercial Registry (G.E.M.I.) with Registration Number 5616614 via the Companies Directorate of the Ministry of Development and Investments as being the competent Supervisory Authority. The Minutes of the Board of Directors concerned the certification of the cash collection of the amount in relation to the above share capital increase, in accordance with the provisions of articles 20 and 113 of Law 4548/2018. Consequently, following the above corporate action, the share capital of the Company amounted to 6,449,556.96 Euros, divided into 11,943,624 common, registered shares with a nominal value of 0.54 Euros per share. The Corporate Actions Committee of the Athens Exchange, Greece, during its meeting held on November 11, 2025, approved the listing for trading of the above 74,400 new common, registered shares of the Company. On November 14, 2025, the trading of the above 74,400 new shares commenced on the Athens Exchange, Greece. 5. Establishment of Plan for the distribution of shares to the members of the Company's Board of Directors, managers and other executives, in the form of stock options th The Board of Directors of the Company, during its meeting on October 30 , 2025 and following the th authorization provided by the Annual Ordinary General Meeting of shareholders on June 16 , 2023, proceeded to establish a new plan for distribution of shares to the members of the Board of Directors, the managers and top executives of the Company, in the form of stock options (rights) to acquire shares. The above are in accordance with the current regulatory framework and specifically with the provisions of article 113 of Law 4548/2018. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 12

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The maximum number of shares that can be granted under the above stock option plan is 82,200 shares. The plan consists of granting stock options to the participants, in order for the latter to acquire shares of the Company through their participation in a share capital increase at a fixed offering price, set at three (3.00) Euros per stock option. st November 1 , 2027 was set as the maturity date of the rights. The exercise of stock options and the deposit that must be made by the beneficiary of these rights will take place from 01.11.2027 to 21.11.2027. The Company will notify in time the beneficiaries of the corresponding bank account of the Company. In order to exercise the rights, a prior written notification of the beneficiary's intention to exercise st the relevant right is required by August 1 , 2027, i.e. three (3) months before the above maturity date. In accordance with the article 113, paragraph 3 of Law 4548/2018 after the exercise of stock options by the participants, the Board of Directors will issue and distribute the shares to the beneficiaries and will take a respective decision in relation to the Company's share capital increase by an amount equivalent to the value emerging from the rights that have been exercised. The Board of Directors will also take a relevant decision with regard to the certification of payment of the Company's share capital increase. The above decision was registered in the General Electronic Commercial Registry (GEMI) on th November 4 , 2025 with no. 3306748. By the decision of the Company's Board of Directors dated 03/11/2025, the beneficiaries were defined in accordance with the specific provisions of the Plan and stock options were granted for entire number of shares that may be authorized under the aforementioned Plan, namely for 82,200 shares of the Company. The evolution of exercise of the Stock Option Plan of the Company, according to the allocation program that the Company has established and is implementing, is depicted in the following Table. During the period Ending balance Stock Option Plan Initial balance Options Options at Options Options Period of the Exercise Exercise Options Options Options subject to Granting date Maturity date beginning of granted but subject to plan period price granted matured cancelled performanc year not matured retention e 10.07.2023- 30.9.2025- 30.09.2025 14.07.2023 30.09.2025 20.10.2025 3 EUROS 75,400 - 74,400 1,000 - - - 12.06.2024- 30.06.2026- 30.06.2026 20.06.2024 30.06.2026 20.07.2026 3 EUROS 83,400 - - - 83,400 - 30.10.2025- 01.11.2027- 01.11.2027 03.11.2025 01.11.2027 21.11.2027 3 EUROS - 82,200 - - 82,200 - Total 158,800 82,200 74,400 1,000 - 165,600 - st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 13

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6. Share capital increase of the subsidiary "FLEXOPACK INTERNATIONAL LIMITED" The Management of the Company proceeded within the fiscal year 2025 into a share capital increase by an amount of 300,000 Euros in the fully owned (100%) subsidiary company "FLEXOPACK INTERNATIONAL LIMITED" based in Larnaca, Cyprus. From the above share capital increase in combination with the existing, prior to the share capital increase, cash reserves of FLEXOPACK INTERNATIONAL LIMITED: a) an amount of 200 thousand Euros concerned the capital increase of the Group's subsidiary company based in Lyon, France, under the name "FLEXOPACK FRANCE" (in which the above Cypriot subsidiary holds 100% of the voting rights), as the latter (FLEXOPACK FRANCE) is in a phase of significant turnover growth and is in immediate need of financial support, and b) an amount of 200 thousand Euros was directed towards the payment and coverage of the initial share capital of the newly established commercial company under the name "FLEXOPACK SPAIN SL" based in Madrid, Spain (in which the above Cypriot subsidiary holds 100% of the share capital and voting rights). 7. Participation in international exhibitions In the context of the Management’s efforts to further strengthen the Group's export activity, promote and market its products even more effectively in the international markets, the companies of the Group participated in the following exhibitions taking place during the fiscal year 2025: COMPANY REPORT COUNTRY DATE CheeseCon 15-17/4/2025 Flexopack USA USA SMA 16-19/7/2025 Flexopack USA USA Flexopack USA PackExpo Las Vegas USA 29/9-1/10/2025 Flexopack France Cfia Rennes France 4-9/3/2025 MidSomerset 17/08/2025 Flexopack UK UK Frome Cheese Show 13/09/2025 Flexopack UK UK Flexopack SA PharmaPack 2025 Paris-France 22-23/1/2025 Flexopack SA IFFA 2025 Frankfurt-Germany 3-8/5/2025 In general, through participation in relevant international exhibitions, the aim is to increase the recognition of the Group's products, to strengthen the Company's international network, to achieve new partnerships and to expand the Group's presence both on a product and geographical level. 8. Issuance of tax certificate for the year 2024 The Company within November 2025 in application of the provisions of paragraph 4.1.1 of the Regulation of the Athens Exchange, Greece as it is in effect after the decision no. 1019/21.5.2024 of st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 14

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Hellenic Capital Market Commission, of article 17, par. 1 of Regulation 596/2014 of the European Parliament and the European Council as at April 16, 2014 and of the Decision no. 25 (point 6) of the Governing Committee of the Stock Markets of the Athens Exchange, notified the investors’ community that, after the completion of the special tax audit for the fiscal year 2024 (tax year 2024) carried out by the statutory Auditors of the Company, in accordance with the provisions of article 78 of Law 5104/2024 as in effect today, a tax certificate was issued for the Company with a conclusion “without reservation”. Corresponding tax certificates with conclusion “without reservation” for the fiscal year 2024 (tax year 2024) were issued for the associate companies "INOVA SA" and "VLACHOU BROS SA". 9. Issuance of a Common Bond Loan of total nominal value of USD 2,000,000 The Company proceeded to conclude the Common Bond Loan Coverage Agreement in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as in effect, with a total nominal value of two million US Dollars ($2,000,000). The above loan was covered in its entirety by the "National Bank of Greece", which was also appointed as Paying Agent and Representative of the Bondholders. The proceeds of the above Common Bond Loan will be utilized by the Company for the coverage of the Company's long-term working capital needs, in order to serve its business objectives. 10. Disclosure of Change of Executives The Company has notified the investor community of the departure of Mr. Anastasios Lymberopoulos, who had been the Group CFO. Mr. Lymberopoulos retired from his duties and position after meeting certain criteria and conditions with regard to his retirement. The capacity of Group CFO was assumed by Mr. Zois Zaverdinos, who has held the position of Director (Head) of the Company's Accounting Department since 2016. Finally, the duties and responsibilities of the capacity of Director (Head) of the Company's Accounting Department were assumed (as of 15/07/2025) by Mr. Evangelos Dionysopoulos. SECTION B’ Major risks and uncertainties Given its strong export activities and particularly its high extrovert strategy for many years now, the Group tends to operate within an intense competitive international environment. The Group’s general activities are associated with multidimensional financial and other risks, including exchange rate risk, interest rate risk, credit and liquidity risk. The basic risk management policies that the Group applies during the performance of its business activity are timely, duly and diligently determined via the most suitable and appropriate measures taken by its Management, in collaboration with the recommendation and assistance of the Company's Audit Committee. The overall risk management plan of the Group focuses on the fluctuations of the financial markets and aims to mitigate and also minimize the potential adverse effects of these fluctuations on the financial performance and results of the Group as a whole. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 15

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group’s financial assets and financial liabilities mainly consist of cash & cash equivalents, trade receivables, loans and other receivables, bank loans, lease liabilities as well as liabilities towards suppliers and related liabilities. The Board of Directors is responsible, and carries out the duty, for the effective and continuous monitoring of the Group’s exposure to business risks and in this context it acts with the aim of ensuring stability while at the same time facilitating the uninterrupted continuation of operations along with the further development and strengthening of the Company. The Management is responsible for the implementation of the Business Risk Management System in the entire spectrum of the daily life of the Company and broadly of the Group. In particular, the Management is responsible for the systematic identification and evaluation of risks that affect business activities and in addition, oversees the formulation and timely implementation of risk management plans. It regularly evaluates, along with the assistance of the Audit Committee, the effectiveness and the need to adjust the above risk management plans to achieve optimal management of such risks. I. Financial risks The most common financial risks which the Group is exposed to are the following: Α. Exchange Rate Risk The Group operates on a global level and realizes transactions in foreign currency, mainly: a) in U.S. dollar (U.S.D.), b) in Polish zloty (PLN), c) in Australian dollar (AUD) and (d) in British Pound (GBP). The Group’s exposure to foreign exchange risk mainly emerges from existing or expected cash flows in foreign currency (exports-imports), as well as from investments in foreign countries under a different currency (other than Euro) whose equity is exposed to exchange rate risk during the translation of their financial statements for consolidation purposes. The foreign exchange risk that emanates from transactions in foreign currency according to the above is effectively hedged with the use of placements in foreign exchange futures. On 31/12/2025, the Group had in place forward contracts in foreign currency (EUR/USD) (Note 6.32). The Group, in view of the developments taking place with regard to the imposition of extensive tariffs and the ongoing trade war on a global scale along with the uncertainty emerging due to the above conditions, highly affecting the foreign exchange market, constantly and systematically monitors the particular risk factor. The particular risk is considered to be existing and real, as well as capable of creating an impact on the Group's results during the fiscal year 2026. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 16

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY A relevant analysis is presented in the note 5A of the annual Financial Statements, with regard to the breadth of the above effect. Β. Credit risk Credit risk is the possibility that a counterparty will cause financial loss to the Group and the Company, due to the non-appropriate fulfilment, the breach or even the violation of its contractual obligations. The maximum credit risk to which the Group and the Company are exposed, at the date of preparation of the annual Financial Statements, is the book value of their financial assets. At the preparation date of the present Report, the Group does not face any significant credit risk. Trade receivables stem from a wide client base, both from Greece and mainly from abroad. The Group’s turnover mainly consists of transactions with reliable, financially wealthy and creditworthy firms and companies in general, with most of which it sustains a long-term collaboration and relation of mutual trust in the majority of cases. It is worth mentioning that the Group has established and applies systematically but also timely the proper credit control procedures that aim at minimizing the cases of bad debt. The Credit Control Department defines credit limits per customer and specific sales and cash collection terms are applied, while possible security is requested when deemed necessary. To the greatest possible extent, the Group continuously and systematically monitors the performance and financial position of its customers in order to be pro-active and to evaluate the need to take specific and required measures per customer, according to the characteristics and difficulties of the market environment where each customer performs trading and business activities. No doubtful debtors exist that have not been covered by provisions for doubtful receivables. It is also noted that the particular risk, although existent mainly due to the repercussions of the ongoing international uncertainty and instability as a result of the war conflicts occurring across the globe, is considered for the time being as relatively limited and controllable according to the historic evidence and data possessed by the Group and in the context of the precautionary measures that have been taken as well as the procedures that have been established. It is noted that the potential credit risk exists in cash and cash equivalents as well. The particular risk may arise from a possible inability of the collaborating financial institution to meet its obligations towards the Group. For this purpose, the Group applies the proper and required procedures that limit its exposure to credit risk in relation to each financial institution which the Group collaborates with. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 17

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY A relevant analysis is presented in the note 5C of the annual Financial Statements. C. Liquidity risk In general, the monitoring of liquidity risk is focused on systematic monitoring and effectively managing cash inflows and outflows on a constant basis, in order for the Group to be able to smoothly and consistently meet its cash liabilities. Liquidity risk is maintained at low levels by holding and ensuring adequate cash balances, while it should also be noted that there are adequate unused credit lines with financial institutions in order to face any possible and temporary shortage in cash. Such case however, despite the especially unpredictable circumstances and conditions particularly seen in the domestic economy over the past years (such as debt crisis, health crisis and energy crisis among others), has not yet appeared. Taking into consideration, however, both the concerns regarding the aggravation of conditions in the global economy and market due to the geopolitical and economic instability that had followed as a result of the ongoing war conflicts, the significant appreciation of energy prices, raw materials and food items, the probability of this risk affecting the Group's cash position, however to a controllable and manageable extent, cannot be ruled out. A relevant analysis is presented in the note 5D of the annual Financial Statements. D. Cash flow risk due to changes in interest rates The Group's bank debt is of long-term nature and is mainly denominated in Euro currency, linked to Euribor interest rates plus a margin. The rise of interest rates has a negative impact on the Group's performance, financial results and cash flows as expected. The Group borrows at a floating interest rate and in order to hedge the respective interest rate risk, it utilizes interest rate swaps. In this context, the Group exchanges each time the difference between amounts corresponding to the agreed fixed interest rate and amounts corresponding to the Euribor related floating nominal interest rate (Note 6.32). Within this framework and based on the above mentioned measures applied by the Company and broadly by the Group, the interest rate risk is currently considered relatively controllable. The Management continuously evaluates the prevailing conditions, in order to promptly take any additional and appropriate measures. A relevant analysis is presented in the note 5B of the annual Financial Statements. ΙΙ. Other risks to which the Group is exposed Α. Risk arising from increased competition of foreign and domestic firms st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 18

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The competition in the international market where the Group and the Company activate is becoming constantly stronger. The Group based on the fully staffed, properly and well trained, specialized and fully equipped Research and Development Department that it owns, on the implementation of its investment plan in order to further enhance production capacity, and on the long-term presence in the sector it possesses, has already managed to differentiate its products from the current competition and to present qualitative diversified solutions. The high quality standards of the Group’s produced products, the strong recognition, and especially the brand name of the Group and the Company further contribute towards this direction. At the same time, it must be noted that the high cost of "entrance" into the specific market, in terms of investments required in high-tech mechanical equipment and subsequently in research and development costs, constitutes a factor that quells to a significant extent the above risk. In view of the above parameters, the particular risk due to the stronger competition seen in the international environment, which the Company and the broader Group activates in, is being assessed as real as at the time of the preparation of this Report, and therefore it may affect to a certain extent the performance and the broader results of the Group during the current financial year 2026. Β. Risk of reduced demand due to consumption slowdown The Group is active in an intensive and competitive global environment. Its highly specialized know- how in conjunction with the research, development and creation of new innovative products and strong infrastructure in production equipment, assist the Group to remain competitive as well as expand or achieve its further penetration in new markets. The products of the Group are used mainly in food packaging which, since food is of first need, are usually affected the least from consumption slowdown, however they may be affected subsequently by external factors that may prevail in the markets in which the Group is active. Such external factors that may harm demand for the Group’s products include the probability of illnesses in meat products, the change in food and nutrition patterns, climate changes, a slowdown of the global economy etc. Given the fact that at the time of preparation of the present financial report, there is weak consumer demand on global scale due to the intense inflationary pressures as well as the conditions of economic pressure (tariff war, increased energy prices, rising raw material prices, increased transportation costs that are inevitably passed on to the supply chain, high interest rates, etc.), without any signs of reversal or even de-escalation, the particular risk is assessed as significant and therefore it might affect the Group's financial performance and financial results during the financial year of 2026. C. Risk related to production cost (a) Risk of raw material price increases st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 19

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group is exposed to continuous price volatility of raw materials that it acquires internationally. This volatility may result from abrupt changes in oil production prices, other chemical products or other reasons. The Group based on its experience and strong know how takes all necessary and appropriate measures to ensure the adequacy of raw materials to the greatest possible extent. In order to reduce this risk, the Group’s inventory and commercial policy on per case basis is adjusted accordingly in order to diversify and transfer part of this risk, to the extent that this is possible and according to the current conditions present each time as regards to competition. Following the above, and in the view of the ongoing volatile and uncertain environment of the global economy, this risk in case of inability to substantially transfer the increase in the cost of raw material prices to the price of final products, is assessed as particularly significant and may adversely affect the Group's broader financial results during the year 2026. b) Risk of rising electricity prices. Electricity consumption is an important cost factor in relation to the Group's production activity. To address this risk and mitigate its negative consequences, the Group invests systematically in equipment with low electricity consumption. However, at the present time and based on the prevailing instability and volatility, the particular risk due to the constantly rising energy prices that have been observed in the last three years, especially as a consequence of the military conflicts and the subsequent disruptions in the energy market, but also due to the disruptions observed in the South East European energy market, is being assessed by the Company's Management as particularly important. In this context this type of risk might significantly affect the financial results and performance of the broader Group during the fiscal year 2026. D. Risks related to work safety Work safety for the Group’s employees is a top priority and necessary condition when attempting to operate its production facilities with normality. A plan that focuses on establishing a safety culture throughout all the Group’s activities and operations, as well as on targeting the constant training and education of the Company’s entire personnel is applied on a continuous and constant basis. Moreover, broad educational programs are applied to systematically and fully train and educate employees on workplace safety and hygiene issues. The application of such programs is continuously reviewed by the Company’s relevant Department with the assistance of specialized professionals - Security Technicians with whom the Company collaborates on a permanent basis. Ε. Environmental risks st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 20

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Protection of the environment and sustainable development are fundamental principles for the Group. For this reason, the Group takes strict measures in the areas where it operates, which in several cases extend further than those imposed by law. The Group invests in best available techniques for protecting the environment, it closely and systematically monitors upcoming changes in environmental law, thoroughly examines and takes appropriate measures to comply with the applicable legislative and regulatory framework, operates its production units in a completely environmentally friendly manner and it ensures to take the necessary measures in advance so as to avoid any risk of not complying with the current legislative and regulatory framework. F. Risks related to climate change Climate change is a global environmental issue with implications that significantly affect human health, working conditions and safety at work. The optimal response to the risk of climate change comprises a fundamental commitment of the Group, which in addition to its legal obligation also considers this issue as a moral obligation to contribute actively and substantially to the efforts of both the international community and our country to combat climate change-related risks. The Group recognizes both the risks associated with the phenomenon of climate change, and its obligations in relation to the need for continuous improvement of its environmental performance. The mitigation of the effects of climate change affects inevitably and determines significantly the business strategy of the Group through the adoption and implementation of measures to reduce its environmental footprint and the systematic effort to use environmentally friendly sources of energy. The Group monitors and records on a systematic basis the environmental impact of its business activities and takes measures to reduce its environmental footprint. FLEXOPACK aims at the continuous reduction of carbon emissions which are mainly due to the consumption of electricity which is the main source of energy of the Company. The Group's vision is to continue to be one of the most important Greek companies with a strong international presence and with a parallel contribution to sustainable development. The desire of the Group is to enhance its long-term value through the production of technologically advanced products that meet the most demanding international standards along with quality, safety and sustainable development standards. In this context, the Group promotes and implements the familiar Sustainable Development Policy, which focuses especially on the following areas: - Demonstration of preparedness for emergencies, -application of emergency prevention, detection and management procedures, -design and construction of facilities aiming at the greatest possible energy savings, -frequent maintenance and constant renewal and upgrade of the used mechanical equipment, in order to leave a low energy footprint, -continuous information, training and awareness raising of personnel on climate change issues, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 21

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY -integration into the system of recycling and alternative packaging management, in order to prevent the generation of packaging waste and the reuse, recycling and effective utilization of all materials, -selection of recyclable, if possible, raw materials with the lowest possible energy footprint, -application of technologies for reduction of direct and indirect emissions of greenhouse gases from energy consumption, -monitoring of the policy followed by the Group suppliers regarding the implementation of procedures for dealing with climate change and the use of renewable energy sources along with the provision of relevant recommendations and suggestions, where necessary, -building relationships of trust with the local communities in which the Group develops its business activities; continuous care to minimize the inconveniences caused. G. Risk related to current developments in Ukraine The war in Ukraine, created geopolitical instability and unsustainable repercussions on the global economy, due to the large increases in energy prices, raw materials, industrial metals and other consumer goods. It is noted that the Group has no significant business exposure to the countries involved in the war conflict and therefore no material impact (direct or indirect) exists on its business activities in relation to the above developments. The Group's sales to Russia and Ukraine in 2025 amounted to a cumulative level of 0.08% of the consolidated turnover, compared to 0.12% in the previous year 2024, and therefore there was no material corresponding impact (direct or indirect) on the Group's business activities, results, financial position and performance. At the present time, it is very uncertain and precarious for the Group to proceed with any prediction regarding the impact of the ongoing war conflict in the region of Ukraine as well as its subsequent side effects. Η. Risk from the imposition of tariffs on products exported to the US market. The impact of the tariff policy adopted and implemented by the USA has negatively affected the Company and the Group. As a result, the latter takes actions in order to pass on a portion of the tariffs to end customers. The recent US-EU agreement provides for the imposition of a total of 15% tariffs on exports from the EU to the USA. The additional implied burden for the Group settles at 10% as Flexopack's exports to America were already subject to tariffs accounting for approximately 5%. I. Personal data security risk The sector in which the Company and the Group activate is directly linked to a significant volume of personal data (such as of employees, producers, partners, customers), which is processed (always in accordance with the provisions of the General Data Protection Regulation and the generally applicable legislative framework). Therefore and by definition, the Group is inevitably st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 22

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY exposed to the risk of non-compliance with the General Data Protection Regulation as well as the generally applicable legislative framework. The risk in this case is based on the fact that any failure to adequately address data protection and/or privacy issues, even in cases deemed to be unfounded, or to comply with applicable laws, regulations and data protection policies may lead to additional costs and liabilities for the Company and the Group, generate a liability against the competent authorities, as well as damage the Group’s reputation and negatively affect its business activity. The Management of the Company and the Group, in order to limit the above-mentioned risk, constantly develops and applies all required policies and procedures, always in accordance with the current legislative and regulatory framework, supervises in constant collaboration with specialized consultants and its legal team the implementation of such policies, designs new security systems and infrastructures, and finally evaluates the effectiveness and compliance with the regulatory framework for personal data protection. J. Legal and Regulatory Compliance Risk The Group, in view of the strong extroversion it systematically promotes and has already developed, operates in countries with diverse legal and regulatory frameworks that are subject to constant changes. As it is self-evident from the above condition, the Group is regularly exposed to the risk of non-compliance with the applicable legal and regulatory framework on the business, labor, social and product level. In addition, it is noted that in view of the strong shift that has taken place in recent years for the environmental protection, the Group is exposed to the risk of non- compliance with its obligations arising from environmental legislation and more specifically with the terms of the environmental licenses concerning production facilities. In the event of violation of the applicable regulations, the competent authorities may impose administrative fines or sanctions, as well as revoke or refuse to renew licenses and approvals. In order to avoid risks and penalties from non-compliance or inadequate compliance with the applicable laws and regulations, the Group’s Management, in collaboration with the Director of the Regulatory Compliance Unit, ensures that the relevant individuals-executives are informed in a timely and regular manner about the obligations arising from the implementation of legislation and about the importance of faithful and timely compliance with the above obligations. Furthermore, the Regulatory Compliance Officer carries out relevant audits to verify compliance with the respective obligations. Κ. Risk associated with the broader macroeconomic environment The activity of the Company and the Group is reasonably affected by the dynamics of macroeconomic factors in both the domestic and international markets, which may significantly affect the financial results of the Company. In particular, global developments such as the increase in tariffs, charges and fees imposed on imported products and the consequent price increases, all kinds of monetary and fiscal policies as well as all kinds of macroeconomic factors in general (such as inflation, GDP, etc.) in an international environment may exert macroeconomic pressures on all those transacting with the Company, indirectly affecting its financial results. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 23

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY In any case, the Company's Management systematically and closely monitors this risk in order to be able each time to take the necessary measures and address any emerging crises or mitigate any negative impacts. SECTION C Significant transactions with related parties This section includes transactions that took place during the year 2025 between the Company and its related parties, as defined in the International Accounting Standard (IAS) 24. In particular, the amounts of sales and purchases, the balances of receivables and liabilities as well as explanatory notes are included. The most significant transactions are presented in the following table. 1/1/-31/12/2025 Purchases of Sales of goods goods and COMPANY and services services Receivables Liabilities Subsidiaries FLEXOPACK POLSKA Sp. Zo.o 7,880 6,918 6,127 1,355 FLEXOPACK TRADE AND SERVICES DOO BEOGRAD 249 0 66 0 FLEXOPACK PTY LTD- AUSTRALIA 18,852 0 21,757 0 FLEXOPACK TRADE AND SERVICES UK LIMITED 14,422 0 6,118 0 FLEXOPACK IRELAND 850 0 581 0 FLEXOPACK SPAIN 0 0 0 0 FLEXOPACK FRANCE 1,639 0 106 0 FLEXOPACK USA 21,177 0 3,356 0 FLEXOPACK ΝΖ LIMITED 446 0 243 0 65,516 6,918 38,354 1,355 Related/Associate Companies ΙΝΟVA SA 171 260 16 148 VLAHOU BROS SA 4,363 2,052 1,857 853 OTHER RELATED PARTIES 0 217 0 0 4,534 2,529 1,873 1,000 Grand Total 70,051 9,448 40,227 2,356 Benefits towards management and executives 1/1/- 1/1/- 31/12/2025 31/12/2024 Transactions and fees of senior executives and members of the management 4,021 4,041 Receivables from senior executives and management 26 28 Liabilities towards senior executives and management 112 122 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 24

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY It is noted that the charge on the Company's results for the period 2025 from existing stock option plans amounted to 323 thousand Euros, of which 277 thousand Euros concerned members of the Board of Directors and executives of the Company and 46 thousand Euros concerned the other personnel of the Company. Notes: It is also noted: 1. No other transactions related to the Company parties exist according to the provisions of the International Accounting Standard 24 apart from the above mentioned. 2. No loans or any other credit facilitations, except for current transactions, have been granted to the Board members or other senior executives of the Company and their families. 3. It is specifically noted for purposes of completeness that with regard to the natural persons - members of the Board of Directors and executives of the Company, the above remuneration includes also fees granted of 450 thousand Euros from the profit of the financial year 2024 paid to the members of the Board of Directors (excluding the independent non-executive members) 4. There were no changes in the transactions between the Company and its related parties that could have a material impact on the Company's financial position and performance for the period 1/1/2025-31/12/2025. 5. The Company has provided a guarantee to a credit institution based in Poland in favor of its subsidiary company "FLEXOPACK POLSKA Sp. Zo.o" amounting to 4.617 million Euros to ensure the repayment of loans that have been granted to the subsidiary company. 6. The Company has provided a guarantee for good execution to Lebanon County, Pennsylvania, USA, in favor of its subsidiary, “FLEXOPACK USA INC.” which is based in the United States, for the amount of 1,882,904 US Dollars (USD). 7. The subsidiary company “FLEXOPACK INTERNATIONAL LIMITED” has granted 2 loans with duration of 20 years and for a total amount of sixteen million (16,000,000) Australian Dollars (AUD) to its subsidiary “FLEXOPACK PROPERTIES PTY LTD” based in Brisbane, Australia, in order for the latter to proceed with this financing in the construction of a new industrial building in Australia. The construction of the new industrial building in Yatala area of Queensland, Australia was completed in early 2025 and "FLEXOPACK PROPERTIES PTY LTD" proceeded with a ten-year lease of the building toward the company "FLEXOPACK PTY LTD". st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 25

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 8. The transactions described above have been carried out under normal market conditions and do not contain any exceptional, favorable or special features, which would make necessary additional analysis per related party. 9. There is no separate transaction that is assessed as significant, within the meaning of Circular number 45/2011 of the Hellenic Capital Market Commission. 10. The Company's transactions and outstanding balances with subsidiaries have been eliminated from the consolidated financial statements. The transactions that took place during the previous fiscal year 2024 are shown in note 6.29 of the annual Financial Statements. SECTION D’ Development, performance and financial position This section includes a brief review of the development, performance, activity and position of the Group and the Company. Α. Statement of Financial Position Items (in thousand Euro) of the Statement of Financial Position for the year 2025 are presented below along with the most important changes that occurred versus the corresponding year of 2024. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 26

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY STATEMENT OF FINANCIAL POSITION GROUP COMPANY 31/12/2025 31/12/2024 Change 31/12/2025 31/12/2024 Change % Ch. % Ch. ASSETS 1.5% -2.1% Non-current assets 101,123 99,601 1,522 84,654 86,472 -1,818 Cash and cash equivalents 30,043 38,416 -8,372 -21.8% 21,314 30,889 -9,575 -31.0% Other current assets 90,043 85,946 4,097 79,028 73,927 5,100 4.8% 6.9% Total Assets 221,209 223,963 -2,753 184,995 191,288 -6,293 -1.2% -3.3% EQUITY Total Equity corresponding to the shareholders of the 6.4% 2.9% Company 139,511 131,154 8,357 119,184 115,821 3,363 LIABILITIES Total bank debt 45,615 51,165 -5,550 40,529 44,977 -4,448 -10.8% -9.9% Long-term liabilities (except for loans) 3,638 5,287 -1,648 2,373 3,020 -647 -31.2% -21.4% Suppliers and other short-term -9.2% -9.3% liabilities 28,840 31,746 -2,906 21,364 23,567 -2,202 -21.8% -60.4% Liabilities due to income tax 3,605 4,611 -1,006 1,544 3,904 -2,359 Total Liabilities 81,698 92,809 -11,110 -12.0% 65,811 75,467 -9,656 -12.8% Total Equity & Liabilities 221,209 223,963 -2,754 184,995 191,288 -6,293 -1.2% -3.3% There were no important changes in the consolidated statement of financial position as at 31/12/2025 compared to the corresponding period of 31/12/2024. The Group's total liabilities on 31/12/2025 amounted to 81.699 million Euros, the equity amounted to 139.510 million Euros and the cash and cash equivalents settled at 30.043 million Euros. Β. Items of statement of income Items of the statement of income for the year 2025 are presented below, along with the most significant changes from the items of the statement of income for the year 2024. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 27

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY STATEMENT OF INCOME GROUP COMPANY 1/1- 1/1- 1/1- 1/1- % Ch. % Ch. 31/12/2025 31/12/2024 Change 31/12/2025 31/12/2024 Change Turnover 163,768 156,593 7,175 117,973 119,085 (1,112) 4.6% -0.9% 15.9% -12.3% Gross Profit 45,578 39,338 6,241 24,349 27,775 (3,425) Administrative Expenses (8,586) (7,713) (873) 11.3% (6,282) (5,829) (453) 7.8% Research & Development Expense (1,689) (1,779) 90 (1,564) (1,674) 110 -5.1% -6.6% 4.3% -3.9% Distribution Expenses (17,146) (16,442) (704) (7,399) (7,696) 296 Other Operating Income-Expense 30 102 (72) -70.6% 582 170 412 242.2% Operating Profit 18,187 13,505 4,682 9,687 12,746 (3,059) 34.7% -24.0% 2.5% 2.8% Financial (expenses) - income (1,276) (1,245) (31) (997) (970) (27) Other Financial Results -457.9% (2,802) 783 (3,584) (2,288) 939 (3,227) -343.6% Proportional result of related companies 1,266 1,020 246 - - - - 24.1% Earnings before taxes 9.3% -49.7% 15,375 14,063 1,313 6,402 12,715 (6,313) Income tax (4,159) (3,388) (771) 22.8% (1,622) (2,941) 1,319 -44.9% Earnings after taxes 11,217 10,675 542 4,780 9,774 (4,994) 5.1% -51.1% 7.3% -1.1% Depreciation / Amortization 7,674 7,153 521 4,912 4,966 (53) EBITDA 25,861 20,658 5,203 25.2% 14,599 17,711 (3,112) -17.6% The following are noted with regard to the above items of the consolidated statement of income concerning the period 1/1/-31/12/2025 versus the previous financial year 2024. Turnover amounted to 163.768 million Euros, posting an increase of 4.6%. Gross profit amounted to 45.578 million Euros, showing an increase of 15.9%. Operating profit amounted to 18.187 million Euros, posting an increase of 34.7%. Earnings before taxes, financial, investment results and depreciation, amortization (EBITDA) amounted to 25.861 million Euros, implying an increase of 25.2%. Other financial results recorded a loss of 2.802 million Euros. (Note 6.24) Following the above, earnings before taxes amounted to 15.375 million Euros, posting an increase of 9.3%. Earnings after taxes amounted to 11.216 million Euros, showing an increase of 5.1%. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 28

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY C. Items of the Statement of Cash Flows The following table depicts the items of the cash flow statement for the year 2025 compared to the corresponding cash flow statement for the year 2024. STATEMENT OF CASH FLOWS EUR THOUS. GROUP COMPANY 1/1- 1/1- 1/1- 1/1- 31/12/2025 31/12/2024 31/12/2025 31/12/2024 Net cash flows from operating activities 11,841 10,676 2,276 3,469 Net cash flows from investment activities (9,865) (19,968) (3,671) (6,136) Net Cash flows from financing activities (9,876) 7,613 (8,180) 9,138 Net (decrease)/ increase in cash and cash equivalents (7,900) (1,679) (9,575) 6,471 Cash and cash equivalents at the beginning of the period 38,416 39,955 30,889 24,418 Effect from foreign exchange differences (473) 140 0 0 Cash and cash equivalents at the end of the period 30,043 38,416 21,314 30,889 D. Financial Ratios The major financial ratios are presented below. Financial Ratios GROUP COMPANY 31/12/2025 31/12/2024 31/12/2025 31/12/2024 Explanation Capital Structure 63.1% 58.6% 64.4% 60.5% Total Equity / Total Assets Total Current Assets / Total Short-term Liquidity Ratio 2.9 2.8 3.4 3.1 Liabilities Profit Margin 9.4% 9.0% 5.4% 10.7% Earnings before Taxes / Total Turnover Return on Equity 11.0% 10.7% 5.4% 11.0% Earnings before Taxes / Total Equity Ε. Alternative Performance Measures (APM) The Alternative Performance Measure (APM) constitutes a financial ratio or an indicator measuring the historic or future financial performance with regard to the financial position or the cash flows. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 29

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The APM is not stipulated or required by the existing framework of Financial Information (IFRS). The general principle of the Group is to present the particular alternative performance measures in a clear and transparent manner so that these indicators are appropriate and useful for decision making purposes by the readers of the financial statements. The APM should be taken into consideration always in conjunction with the financial results that have been prepared in accordance with the IFRS and in no case should function as alternative ones. The Management monitors the following alternative performance measures. a) Capital Management The goals of the Group with regard to the capital management refer to the uninterrupted course of its business activities, the assurance of the financing of investment plans and the optimal allocation of capital targeting the reduction of cost of capital. For the purposes of capital management, the Group systematically monitors the ratio: “Net debt to Total employed capital”. The net debt is calculated as the total short-term and long-term interest-bearing liabilities minus the total cash and cash equivalents. The total capital employed is calculated through the sum of the net bank debt and the total equity. st For the fiscal years ended on 31 December 2025 and 2024 respectively, the particular ratio settled as follows: Group Company 31/12/2025 31/12/2024 31/12/2025 31/12/2024 Long-term debt obligations 37,295 43,055 34,138 38,829 Short-term bebt obligations 8,319 8,110 6,391 6,148 Total bank debt 45,615 51,165 40,529 44,977 934 1,169 612 751 Liabilities for Leases Total Bank Debt 46,548 52,334 41,141 45,728 Minus : Cash and cash equivalents 30,043 38,416 21,314 30,889 Net Bank Debt (1) 16,505 13,918 19,827 14,839 Total Equity (2) 139,510 131,154 119,184 115,821 Total Employed Capital (1)+(2) 156,015 145,072 139,011 130,660 Net Bank Debt / Total Employed Capital 10.6% 9.6% 14.3% 11.4% The Group may affect its capital structure via the repayment or the collection of additional bank debt, through share capital increase or return of capital to shareholders, and via the distribution or not of dividends and through other distributions. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 30

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY b) Earnings before interest, taxes, depreciation and amortization (EBITDA) st For the fiscal years ended on 31 December 2025 and 2024 respectively, the particular figure settled as follows: EUR THOUS. GROUP COMPANY 1/1- 1/1- 1/1- 1/1- 31/12/2025 31/12/2024 31/12/2025 31/12/2024 # Note Statement of Operating Profit 18,187 13,505 9,687 12,746 Income Cash Flow Depreciation of tangible fixed assets 6,727 6,150 4,277 4,282 Statement Cash Flow Amortization of intangible assets 275 333 275 333 Statement Cash Flow Amortization of right-of-use assets 672 669 360 351 Statement EBITDA 25,861 20,658 14,599 17,711 SECTION E Analytic information, according to article 4, par. 7 of Law 3556/2007, as currently in effect and following its amendment pursuant to Law 5164/2024, and respective explanatory Report According to article 4 par. 7 of Law 3556/2007, as it is currently in effect, the Company is obliged to disclose analytic information in the present Report, as regards to a number of issues. Therefore, in compliance with the relevant legal provision, the following are disclosed: 1) By virtue of the decision of the Board of Directors of the Company from 22/10/2025 and in the context of the annual implementation of the Stock Option Plan approved by the Annual Ordinary General Meeting of shareholders on 16 June 2023 that concerned the granting of stock options to selected executives of the Company as well as its affiliated companies, the Company's share capital increased by the amount of €40,176 via the payment in cash and the issuance of 74,400 new ordinary, registered shares carrying voting rights, with a nominal value of fifty four cents (€ 0.54) per share and an offering price of three Euros (€ 3.00) per share. The difference between the offering price of the above new shares and the nominal value, i.e. € 183,024 was recorded to the “share premium reserve account”. On 31.10.2025, the Minutes of Board of Directors dated 29/10/2025 were registered in the General Commercial Registry (G.E.M.I.) with Registration Number 5616614 via the Companies Directorate of the Ministry of Development and Investments as being the competent Supervisory Authority, regarding the certification of the payment of the amount in relation to the above share capital increase, in accordance with the provisions of articles 20 and 113 of Law 4548/2018. As a result st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 31

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY and following the above share capital increase, the share capital of the Company amounted to 6,449,556.96 Euros, divided into 11,943,624 common, registered shares with a nominal value of 0.54 Euros each. All Company's shares (dematerialized common registered shares) are listed and traded on the regulated market of the Athens Stock Exchange, Greece. Each share includes all the rights and obligations defined by law and the Company’s Articles of Association. Ownership of a share automatically implies the complete and unreserved acceptance of the Company’s Articles of Association and of the decisions made in accordance with law and the Company’s Articles of Association, by the pertinent bodies of the Company. Each share provides one (1) voting right. 2) There are no limitations as regards to the transfer of Company shares, stipulated by either the company’s Articles of Association or specific agreements, or other regulatory provisions etc., except for limitations emanating from five (5) existing Agreements of Subordinated Bond Loans issued by the Company. More specifically and according to two of the Bond Loan Agreements, the Ginosati family aggregately should own a percentage of at least 34% of the Company’s paid up share capital in order to maintain the capacity of a “Controlling Majority”. With regard to the other two Bond Loan Agreements, it is required that the shareholder structure of the Company in terms of the controlling majority must not be changed, directly or indirectly. 3) The Company’s main participations (direct and indirect) on 31/12/2025 are as follows: (a) FLEEXOPACK POLSKA Sp.z.o.o: foreign Company domiciled in Poland. The Company now holds 100% of shares and voting rights, (b) FLEXOPACK TRADE AND SERVICES DOO BEOGRAD, foreign company, based in Serbia. The Company holds 100% of shares and voting rights, (c) «FLEXOPACK INTERNATIONAL LIMITED»: Foreign company domiciled in Larnaca, Cyprus, fully owned by the Company (100% of the total shares and voting rights), (d) «FLEXOPACK PTY LTD»: Foreign company domiciled in Brisbane, Australia, fully owned (100%) by the subsidiary «FLEXOPACK INTERNATIONAL LIMITED» (indirect participation of the Company), (e) «FLEXOPACΚ PROPERTIES PTY LTD»: Foreign company domiciled in Brisbane, Australia, fully owned (100%) by the subsidiary «FLEXOPACK INTERNATIONAL LIMITED» (indirect participation of the Company), (f) « FLEXOPACK ΝΖ LIMITED »: Foreign company domiciled in Auckland, New Zealand, fully owned (100%) by the subsidiary « FLEXOPACK PTY LTD » (indirect participation of the Company). (g) «FLEXOPACΚ TRADE AND SERVICES UK LIMITED»: Foreign company domiciled in Norwich, UK, fully owned (100%) by the subsidiary «FLEXOPACK INTERNATIONAL LIMITED» (indirect participation of the Company), (h) “FLEXOPACK FRANCE”: a foreign company based in Lyon, France, which is also 100% owned by the subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation of the Company) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 32

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (i) FLEXOPACK USA INC.: foreign company domiciled in the state of Delaware, USA, fully owned (100%) by the subsidiary «FLEXOPACK INTERNATIONAL LIMITED» (indirect participation of the Company), (j) FLEXOPACK IRELAND LIMITED: foreign company domiciled in Dublin, Ireland, fully owned (100%) by the subsidiary «FLEXOPACK INTERNATIONAL LIMITED» (indirect participation of the Company), (k) FLEXOPACK SPAIN SL: foreign company based in Madrid, Spain, in which the subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation of the Company) participates with a 100% equity stake, (l) INOVA PLASTICS SA: Domestic company in which the Company holds 50% of shares and voting rights, (m) VLACHOU BROS SA: Domestic company in which the Company holds 47.71% of shares and voting rights, (m) Progressive Plastics Limited: foreign company based in New Zealand, in which the subsidiary company "Flexopack NZ Limited" participates with a percentage of 34% (indirect participation of the Company). Furthermore, regarding the direct or indirect significant holdings in the voting rights of the Company, within the meaning of articles 9 to 11 of law 3556/2007, as they are currently in effect, and on the basis of the relevant notifications received by law (and the MAR) in the Company on behalf of the shareholders, these have as follows: (I) Stamatios Ginosatis: 30.77% (direct participation) It is noted that on 19.12.2013, Mr. Stamatios Ginosatis transferred under the cause of selling, the bare ownership of 1,609,933 common, registered Company shares to Mr. Dimitrios Ginosatis, while at the same date, he transferred, also under the cause of selling, the bare ownership of 1,609,933 common, registered shares to Mr. Spyridon Ginosatis. Mr. Stamatios Ginosatis retained the lifetime usufruct of all of the transferred shares, i.e. of 3,219,866 shares, which includes the voting rights and the right to receive the corresponding dividends. (II) George Ginosatis: 17.46% (direct participation) It is noted that on 19.12.2013, Mr. George Ginosatis transferred, under the cause of selling, the bare ownership of 881,787 common, registered shares to Ms. Stamatina Ginosati, while at the same date, he transferred, also under the cause of selling, the bare ownership of 881,787 common, registered shares to Ms. Catherine Ginosati. Mr. George Ginosatis retained the lifetime usufruct of all the transferred shares, i.e. of 1,763,574 shares, which includes the voting rights and the right to receive the corresponding dividends. 4) There are no shares, which provide special control rights. 5) To the Company’s knowledge, no restrictions on voting rights exist for the Company’s shareholders. However, the notes presented in 3) (I) (II) and (III) with regard to the beneficial interest of the major shareholders are highlighted. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 33

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6) To the Company’s knowledge, there are no agreements between shareholders that imply limitation on the transfer of shares or limitations on the exercise of voting rights. 7) As regards to the appointment and replacement of the Company’s Board members and concerning the amendment of the Company’s Articles of Association, there are no rules that differ than those stipulated in L. 4548/2018, as such is in effect today. 8) There is no permanent special authorization of the Board of Directors or certain members to issue new shares or purchase own shares, according to article 49 of law 4548/2018. The relevant competence and authority is provided to the Board of Directors of the Company by decision of the General Meeting of its shareholders. The Annual Ordinary General Meeting of the Company's shareholders on June 20, 2025 decided, among other things, in accordance with the provisions of article 49 of Law 4548/2018, as in force, the purchase by the Company within a period of twenty-four (24) months from the date of the above decision, i.e. until 20/06/2027, of a maximum percentage of 10% of the Company's existing shares (with the above limit including the entire number of treasury shares that the Company already held in the context of a previous share repurchase program). The respective range of purchase price was set between three Euros (3.00 €) per share (minimum limit) and ten Euros (10.00 €) per share (maximum limit). At the same time, the Meeting provided to the Board of Directors of the Company the authorization for the proper implementation of the above share repurchase plan. At the time of preparation of the current Report, the Company owned 96,450 treasury shares of nominal value of € 0.54 per share, acquired on 22.07.2020 through an over-the-counter transaction (OTC) with an average purchase price of four Euros (4.00 €) per share, within the framework of the share repurchase plan that had been approved by the Annual Ordinary General Meeting of shareholders of June 26, 2020. The Company’s treasury shares correspond to a percentage of 0.81% of the total share capital. 9) There is no significant agreement contracted by the Company, which becomes in effect, is amended or terminated in case of change in the Company’s control following a tender offer, with the exception of: (a) the signed agreement dated 24/11/2022 for the coverage of the Common Bond Loan between the Company and “EUROBANK SOCIETE ANONYME”, which provides for the right of Bondholder to denounce the loan “if the majority that currently controls the Issuer ceases to have control over the legal entity of the Issuer or the Group to which it belongs”. (b) the signed agreement dated 9/6/2022 for the coverage of the Common Bond Loan between the Company and “ALPHA BANK SOCIETE ANONYME” (Trustee or Agent of the payments), which provides for the right of the Bondholder to denounce the loan “if the Issuer’s current shareholding structure is altered, directly or indirectly, as regards to the “controlling majority”. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 34

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (c) the signed bond agreement dated 15/11/2024 between the Company and the National Bank of Greece SA; (a representative of the Bondholders and the attorney-at-law of payments), which also provides for the right of the Bondholder to terminate "if the percentage of participation in the paid- up share capital of the Issuer belonging to the Ginosatis family is less than 34% of that with the voting rights". (d) The signed, on 19.12.2024, agreement for the coverage of the common Bond Loan between the Company and “EUROBANK ERGASIAS S.A.” (representative of the Bondholders and Trustee of the payments), which provides for the right of the Bondholder to denounce the loan if the majority that currently controls the Issuer ceases to have control of the Issuer's legal entity. (e) The signed, on 29.12.2025, agreement for the coverage of the Common Bond Loan between the Company and “National Bank of Greece S.A.” (representative of the Bondholders and Trustee of the payments), which provides for the right of the Bondholder to denounce the loan "if the participation stake of Ginosatis family in the paid-up share capital of the issuer is reduced to a percentage less than 34% of total including voting rights". The aforementioned terms (terms of change in control) are absolutely common practices (they are “standard practice” in such transactions) and are included in all Common Bond Loans which are covered or subscribed by the banking institutions (in fact the controlling majority is usually defined as over 50%). 10) There is no agreement between the Company and the Board members or employees, which provides for indemnity in case of resignation or termination of employment without reason or termination of employment term or their employment emanating from any public tender offer. 11a) Pursuant to the decision of the Company's Board of Directors dated 10/07/2023 and within the framework of authorization granted by the Annual Ordinary General Meeting of Shareholders th of June 16 , 2023, the Company determined the specific terms of the Stock Option Plan for the members of the Board of Directors, for the management team and the Company's personnel in general. The above decision was registered in the General Electronic Commercial Registry (GEMI) on July 14, 2023 under file no. 3001686. 11b) Pursuant to the decision of the Company's Board of Directors dated 12/06/2024 and within the framework of authorization granted by the Annual Ordinary General Meeting of Shareholders of 16 June 2023, the Company defined the most specific terms and conditions of the Stock Option Plan granted to the BoD members, the managers and the personnel of the Company in general. The above decision was recorded in GEMI on 17/06/2024 under the registration number 3306748. 11c) The decision of Board of Directors of the Company dated 30/10/2025, issued within the framework of authorization granted by the Annual Ordinary General Meeting of Shareholders as at 16 June 2023, determined the more specific terms of the Stock Option Plan for the members of st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 35

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY the Board of Directors, the management executives and the Company's personnel in general. The above decision was registered with GEMI Number on 04/11/2025 under protocol number 3841084. Explanatory report regarding the information, prepared according to the article 4 par. 8 L. 3556/2007 as currently in effect The numbering in the present explanatory Report (which is prepared according to article 4 par. 8 of L. 3556/2007) follows the respective relevant numbering of information of article 4 par. 7 of L. 3556/2007, as such information is presented above: 1. The structure and form of the Company’s share capital is presented in detail in article 5 of the Company’s Articles of Association. The Company’s shares were listed on the Athens Exchange on April nd 2 1996 and since then are traded without interruption. 2. No such limitation is imposed either by law, either by the company’s Memorandum of Association, or by any other agreement, apart from the common Bond Loan Agreements, analytical reference to which is made also in Section E.9 of the present report. 3. Data regarding the number of shares and voting rights owned by individuals with significant participations, have been presented according to the relevant disclosures notified according to law (and the MAR – Market Abuse Regulation) to the Company, on behalf of shareholders. 4. There are no other categories of shareholders, namely there are only common registered shares with voting rights. 5. No such limitations have been notified to the Company. 6. Likewise no such agreements have been notified to the Company. 7. In the particular matters, the Company's Articles of Association do not deviate from the provisions of Law 4548/2018 as it is currently in force. 8. The Annual Ordinary General Meeting of the Company's shareholders on June 20, 2025 granted authorization to the Board of Directors with regard to the purchase by the Company, within a period of twenty-four (24) months from the date of the above decision, of a maximum percentage of 10% of the Company's existing shares i.e. a minimum level 1,090,472 common registered shares (with the above limit including the entire number of treasury shares that the Company already held in the context of a previous share repurchase program) in accordance with the terms and restrictions set by article 49 of Law 4548/2018. The respective range of purchase price was set between three Euros (3.00 €) per share (minimum limit) and ten Euros (10.00 €) per share (maximum limit). At the time of preparation and approval of the current Report, the Company owned 96,450 treasury shares. 9. In the absence of such agreements, apart from those mentioned, no clarification is deemed necessary. 10. Likewise, in the lack of such agreements no clarification is deemed necessary. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 36

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY SECTION F’ Other information, Treasury shares, Events after the end of the year 2025 1. None of the Group's companies have branches, except for the parent Company, whose old building located opposite the new industrial plant is considered as a branch. No transfer of the head office of any of the Group's businesses took place during the 2025 financial year, nor was a relevant decision taken regarding the opening or operation of any branch. 2. None of the companies participating in the consolidation has shares of par. 1e of article 26 of Law 4308/2014, except for the parent Company, which currently owns 96,450 own shares, with nominal value of EUR 0.54 per share, acquired in accordance with the more specific regulations and provisions of Treasury share purchase program, which was approved by the Annual Ordinary General Meeting of shareholders on June 26, 2020. 3. There are no other significant events that took place after the end of the 2025 fiscal year and up to the date of preparing of this Report and which are worthy of special mention and reference in this report, except for the following: Recent war conflict developments in IRAN region This war conflict is part of a broader context of geopolitical tensions in Middle East, which have been escalating in recent years, raising strong concerns in the international community in view of the impact on supply chain, the prices of raw materials, energy, but especially of the impact on international stability and cooperation. The intense escalation of events took place within the first quarter of fiscal year 2026, through a direct exchange of military fire in the countries involved in the war conflict. The above events further intensified the existing unrest and uncertainty, especially when taking into consideration the fact that Middle East is a key hub for the production and transfer of fossil fuels. Therefore any disruption of supply may generate increased volatility in international energy prices, transport costs and supply chains. These factors, as it is self-evident, may significantly affect the operating costs and overall economic activity of the Group at an international level, without this kind of impact being easily identifiable and measureable. It is noted that the Group's turnover for the fiscal year 2025, which concerned the countries either involved in or affected by the war, accounted for less than 1.5% of the total consolidated turnover and mainly concerned sales to Israel. It is worth mentioning that sales to Israel continue to be realized until the date of approval of the financial statements. Despite the fact that the percentage of the above geographical markets into the Group's total turnover remains minimal, the intensity and potential duration of such a conflict might create a significant negative impact on the smooth operation of the supply chain, raw material prices and energy costs. Currently such an impact cannot be accurately estimated due to the existing volatility. The Management is particularly cautious regarding the overall negative impact on the Group's prospects for the fiscal year 2026, in view of the high degree of uncertainty with regard to the duration and intensity of the crisis, as well as its secondary effect on both the Greek economy as well st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 37

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY as the economies of other countries which the Group activates in. Consequently, the likelihood that the Group's overall performance and course may be negatively affected, mainly through unfavorable movements in production cost and demand, cannot be ruled out. SECTION G’ CORPORATE GOVERNANCE STATEMENT CONTENTS INTRODUCTION 1. CORPORATE GOVERNANCE 1.1 Concept 1.2 Regulatory framework for corporate governance 2. GREEK CORPORATE GOVERNANCE CODE 2.1 Notification of voluntary compliance of the Company with the Corporate Governance Code 2.2 Deviations from the Corporate Governance Code and their justification. Special provisions of the Code that the Company does not apply and an explanation of the reasons for non- implementation 2.3 Corporate governance practices applied by the Company in addition to the provisions of the law PART A – BOARD OF DIRECTORS Ι. Role and responsibilities of the Board of Directors ΙΙ. Size and composition of the Board of Directors ΙΙΙ. Operation of the Board of Directors ΙV. Information regarding the current Board of Directors PART B – COMMITTEES Ι. Audit Committee ΙΙ. Remuneration and Nomination Committee PART C- GENERAL MEETING PART D – INTERNAL CONTROL AND RISK MANAGEMENT SYSTEM Ι. Internal Control ΙΙ. Risk Management PART E – CORPORATE GOVERNANCE SYSTEM PART F- ADDITIONAL INFORMATION PART G – SPECIAL STATEMENTS st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 38

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY INTRODUCTION 1. CORPORATE GOVERNANCE 1.1 Concept According to the Corporate Governance Principles of the Organization for Economic Cooperation and Development (OECD), corporate governance means the system of relationships established between the Company's Management, shareholders, employees and any other interested party, and aims at the creation, development and viability of strong, healthy and competitive businesses. As a set of principles, corporate governance is in fact a matter of self-regulation, namely it is not limited to the application of mandatory, by laws, clauses and regulations, but is based on the voluntary acceptance and application of rules understood as specific practices. Based on these rules, the management is exercised, monitored, organized and controlled, the corporate operations are performed, the relations with the shareholders and the external agents (shareholders, suppliers, customers, public administration, etc.) that are interconnected with the Company are formed, the achievement of objectives that have been set, identified and managed real or potential risks. The promotion of corporate governance principles aims to increase the credibility of the Greek capital market towards international and domestic investors, to further enhance transparency, improve the competitiveness of Greek companies and strengthen their internal operating structures. In addition, a framework of good and adequate corporate governance can, through the consolidation of trust in the business environment, bring together, in an effective and beneficial way, the interests of business, citizens and society. 1.2 Regulatory framework for corporate governance In our country, the corporate governance framework for societe anonyme companies, whose securities are listed on a regulated market, consists on the one hand in the adoption of mandatory law, on the other hand in the application of corporate governance principles, as well as in the adoption of best practices and recommendations through self-regulation. Specifically, this framework includes: (a) Law 4706/2020 (Government Gazette A 136/17.07.2020), as it applies today after its amendment by Law 5178/2025, with the provisions of which the legislative framework for corporate governance was substantially revised and updated, taking into account the changes in the legislative and regulatory framework governing the action of listed companies at EU level, during the intervening period since the introduction of Law 3016/2002 (original legislation on corporate governance) and until the enactment of the above law, as well as current trends in corporate governance. In particular, the new regulations of the above legislative act (Law 4706/2020) --which is constantly reviewed and evaluated-- seek to substantially upgrade the required organizational structures and corporate governance procedures of societe anonyme companies, so that they, on the one hand, meet the increased demands of the modern capital st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 39

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY market, and on the other hand, not to affect the functional and decisive autonomy of the business entity. The aim of the above legislation is to consolidate good and effective governance practices and consequently to strengthen the confidence of shareholders or their prospective shareholders. (b) the executive decisions, circulars and recommendations (with the most recent recommendation-letter of the Directorate of Listed Companies under protocol number 150/29.01.2026) of the Hellenic Capital Market Commission issued under the authority of the above law. (c) certain provisions of Law 4548/2018 as currently in effect, and (d) the principles, best practices and recommendations of self-regulation, incorporated in the new Greek Code of Corporate Governance (GCCG), which was drafted by the Hellenic Corporate Governance Council (ESED) in June 2021 and replaced the Code in force since October 2013. 2. GREEK CORPORATE GOVERNANCE CODE 2.1 Notification of voluntary compliance of the Company with the Corporate Governance Code The Company, in full compliance and alignment with the provisions of article 17 par. 1 of law 4706/2020, and of article 4 of Decision No. 2/905/3.3.2021 of the Board of Directors of the Hellenic Capital Market Commission proceeded under the relevant decision of its Board of Directors dated 16.07.2021 to the adoption and implementation of the new Greek Corporate Governance Code (available at https://www.esed.org.gr ), into which (Code) states that it is subject to the following detailed deviations and exceptions. 2.2 Deviations from the Corporate Governance Code and their justification. Special provisions of the Code that the Company does not apply and an explanation of the reasons for non- implementation The central goal of the current Greek Corporate Governance Code (hereinafter for abbreviation purposes referred to as "Code" or "CGC") is the creation of an accessible and comprehensible reference guide, which sets in a codified way in a single text, high (higher than mandatory) requirements and specifications of corporate governance. In particular, the Code does not address issues that constitute mandatory legal provisions (laws and regulative decisions); on the contrary, it establishes principles beyond the mandatory framework of corporate governance legislation and addresses issues that either: (a) are not regulated by law, or b) are regulated, but the current framework allows selection or derogation, or (c) are regulated to their minimum content. In these cases, the Code either complements the mandatory provisions, or introduces stricter principles, drawing on experience from European and international best practices, always guided by the characteristics of Greek business and the Greek stock market. The Code is implemented based on the "Comply or explain" principle in accordance with article 4 of Decision No. 2/905/3.3.2021 of the Board of Directors of the Hellenic Capital Market Commission. This principle requires companies that apply the Code to either comply with all of its st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 40

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY provisions, or to justify the reasons for their non-compliance with its specific special practices. The explanation of the reasons for non-compliance should not be limited to a simple reference to the practice with which the Company does not comply, but should be justified in a specific, definite, comprehensible, substantive and convincing manner. The Company first confirms with this Statement that it faithfully and strictly applies the current provisions of Greek legislation regarding corporate governance, as in force today (Law 4706/2020, Law 4548/2018 and Law 4449/2017). However, in relation to the specific practices and principles established by the Code, there are currently some deviations (including the case of non-application), for which deviations an analysis follows and explanation of the reasons justifying them. In particular, the existing deviations in relation to the specific practices and principles established by the Code are the following: ⮚ The Board of Directors has not adopted Rules of Operation, which at least describes the way it meets and makes decisions and the procedures it follows. This deviation is explained by the fact that the provisions of the Articles of Association and the Internal Operating Regulation of the Company in combination with the existing legal framework (Laws 4548/2018 and 4706/2020) are considered completely adequate, reasonable, detailed and sufficiently satisfactory and complete for the general organization and operation of the Board of Directors. At the same time they ensure the full, correct, efficient and timely fulfilment of its duties and the adequate consideration of all issues on which it is called to take decisions and form a flexible and effective framework of meetings and decision-making. ⮚ The Chairman is not elected by the independent non-executive members. Although the Chairman is elected by the non-executive members, it is not appointed one of the independent non-executive members either as Vice-Chairman or as a Senior Independent Director. This deviation is justified by the desire of the Company's Management not to further burden the independent non-executive members of the Board of Directors with additional duties and responsibilities, due to the important role they are called to play in the special Committees in which they participate (Audit Committee and Remuneration and Nomination Committee). After all, the appointment of an independent non-executive member as Vice-Chairman would make it necessary for him/her to provide daily and substantial assistance to the Chairman of the Board, especially during the process of organization and operation of the Board, which may be a deterrent factor regarding the need and obligation of the independent non-executive member to devote sufficient and necessary time in the performance of his/her other duties. ⮚ The maturity of the options is defined in a period of less than three (3) years from the date of their granting to the executive members of the Board of Directors. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 41

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY This deviation is limited and insignificant as the period of maturity of the options is not much shorter than that provided by the Code, while at the same time the number of options is quantitatively limited. ⮚ The contracts of the Board of Directors’ executive members do not provide that the Board of Directors may demand the return of all or part of the bonus awarded, due to breach of contract terms or inaccurate financial statements of previous years or generally based on incorrect financial data used for calculation of this bonus. This deviation is justified by the fact of non-payment of variable remuneration (bonus) to the executive members of the Board of Directors, namely remuneration which is related to the achievement of performance goals of both the executive members and the Company. In any case, the Financial Management of the Company takes all the necessary measures, in order for any rights to receive extraordinary remuneration (bonus) to mature and be paid only after the audit and final approval of the annual financial statements and to avoid the phenomenon of bonus payment based on incorrect or inaccurate financial statements. However, in order to comply with the above requirement of the CGC, the Company's Management is considering the inclusion in the existing contracts of the Board of Directors’ members of a relevant additional provision regarding the right of the Board of Directors to demand the return of all or part of the bonus that has been awarded due to breach of contract terms or inaccurate financial statements or incorrect financial information. 2.3 Corporate governance practices applied by the Company in addition to the provisions of the law The Company faithfully applies the provisions of the current legal framework regarding corporate governance, while at the present time there are no applicable practices in addition to the provisions of the law, since the main purpose and priority of the Company's Management at the present time is the complete and substantial adoption and implementation of the provisions introduced with the newly established regulatory framework (Law 4706/2020 as it is currently in effect and related decisions of the Hellenic Capital Market Commission). PART A – BOARD OF DIRECTORS Ι. Role and responsibilities of the Board of Directors, obligations of its members 1.1 The Company is governed by the Board of Directors, which is responsible for deciding on any action concerning the management of the Company, the management of its assets, its judicial and extrajudicial representation and in the general pursuit of its objective. 1.2 The Board of Directors is responsible for: • the administration, representation, as well as management of corporate assets, • decision-taking on all in general issues concerning the Company within the framework of the corporate objective, without any restrictions, with the exception of those which according to the law or the Articles of Association of the Company fall under the exclusive competence of the General Meeting, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 42

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • the representation of the Company in Greece and abroad, in front of Public, Municipal and other Authorities or International Organizations of any nature or natural or legal persons, all in general the Courts in Greece of all degree and jurisdiction, • taking any decision regarding the promotion of the Company's interests, • the definition and supervision of the corporate governance system of provisions 1 to 24 of Law 4706/2020, as it is currently in effect, and the periodic monitoring and evaluation, at least every three (3) financial years, of its implementation and effectiveness, taking the appropriate actions for the addressing of deficiencies, • the assignment of the Internal Audit of the Company to one or more persons, non- members, • ensuring the adequate and efficient operation of the internal control system (which includes the functions of Internal Control, Regulatory Compliance and Risk Management), • the management of corporate affairs in order to promote the corporate interest and to supervise the execution of the Board of Directors and General Meeting’s decisions while informing the other members about corporate issues, • the definition of the values and the strategic orientation of the Company, as well as the continuous monitoring of their observance, ensuring their alignment with the corporate culture, • the diffusion of values and corporate objective in all policies, procedures and behaviors within the Company, setting for example the appropriate standards of conduct, • the planning and monitoring of the implementation of the Company's strategy and the approval and monitoring of its business plan, • determining the extent of the Company's exposure to risks, which it intends to undertake in the context of achieving its objective and in particular its long-term strategic goals, • the definition or/and delimitation of the responsibilities of the Chief Executive Officer as well as the Deputy Chief Executive Officer, if any, • the establishment of a Policy for the identification, avoidance and treatment of conflicts of interest between the interests of the Company and those of the members of the Board of Directors or persons to whom the Board of Directors has assigned some of its responsibilities, • the determination of the appropriate structures, reference lines and responsibilities to achieve the Company's objectives, • ensuring the smooth succession of its members and senior executives of the Company, • its effective operation, its systematic evaluation, as well as of its Committees and its members and their continuous improvement, • the care for the composition and operation of the Board of Directors and its Committees in accordance with the current legislation, as well as for the compliance with any obligation, as it derives from the current legislation, as well as from the corporate documents, policies and procedures governing it as well • the other responsibilities as they are provided in the Articles of Association of the Company, its Operating Regulation and the current legislation. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 43

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1.3 The Board of Directors has the ability in general to assign its powers of management and representation of the Company, except those that require collective action, to one or more persons, members or not, determining at the same time the extent of this assignment. In any case, the responsibilities of the Board of Directors are subject to articles 19 and 99-100 of Law 4548/2018, as in force. 1.4 Obligations of the Board of Directors’ members 1.4.1 General The members of the Board of Directors must, in the exercise of their duties and responsibilities, observe the law, the Articles of Association and the legal decisions of the General Meeting. They have to make every effort to carry out their duties, to manage corporate affairs in order to most effectively promote corporate interest, to supervise the execution of the decisions of the Board of Directors and of the General Assembly and to inform the other members about corporate issues. The custody is judged on the basis of the status of each member and the duties assigned to him/her by law, the Articles of Association or by decision of the competent corporate bodies. 1.4.2 Obligation of faith - Conflicts of interest The members of the Board of Directors have an obligation of loyalty towards the Company. In order to define this obligation, the Company has established and strictly applies a Policy and Procedure for the Prevention and Treatment of Conflicts of Interest. In particular, the members of the Board of Directors are obliged to: (a) Not pursue their own interests that contradict the interests of the Company. (b) To disclose in a timely and adequate manner to the other members of the Board of Directors their own interests, which may arise from the Company's transactions, which fall within their duties, as well as any conflict of their interests with those of the Company or related companies to it according to the meaning of article 32 of law 4308/2014, which arises during the exercise of their duties. They must also reveal any conflict between the interests of the Company and the interests of the persons of paragraph 2 of article 99 of Law 4548/2018, if they are related to these persons. A sufficient disclosure is one that includes a description of both the transaction and own interests. The concept of conflict or potential conflict of interest includes: (i) any direct conflict of interest, i.e. any conflict of interest of a member of the Board of Directors with the interests of the Company or of a party related to the particular member, and (ii) any indirect conflict of interest, i.e. any conflict of interest between the interests of the Company and the interests of parties connected to a member of the Board of Directors (natural or legal persons). (c) To keep strict confidentiality about the corporate affairs and the confidential of the Company which became known to them due to their status as consultants. (d) The member of the Board of Directors is not entitled to vote on issues in which there is a conflict of interest with his/her Company or persons with whom he/she is associated in a relationship subject to paragraph 2 of article 99 of Law 4548/2018. In these cases the decisions are taken by the other members of the Board of Directors, and in case the impossibility of voting concerns so many members, so that the rest do not form a quorum, the other members of the Board of st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 44

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Directors, regardless of their number, must proceed to convening a General Meeting for the sole purpose of taking this decision 1.4.3 Prohibition of competition It is prohibited for the members of the Board of Directors who participate in any way in the management of the Company, as well as to its directors, to act, without the permission of the General Meeting or the relevant provision of the Articles of Association, on their own account or on behalf of third parties, acts subject to the purposes of the Company, as well as to participate as general partners or as sole shareholders or partners in companies that pursue such purposes. In case of culpable violation of the previous paragraph prohibition, the Company is entitled to claim compensation. However, instead of compensation, it may require that, for transactions performed on behalf of the consultant or the director, these transactions were performed on behalf of the Company, and that for transactions performed on behalf of a third party, to be granted to the Company the fee for the mediation or to be assigned to it the relevant receivables. These receivables expire after one (1) year from the time when the above transactions were announced at a meeting of the Board of Directors or were notified to the Company. The limitation period, however, occurs five (5) years after the entry into force of the prohibited act. ΙΙ. Size and Composition of the Board of Directors 2.1 Composition of the Board of Directors 2.1.1 According to article 9 of the Company’s current Articles of Association, the Board of Directors consists of five (5) to fifteen (15) members, who are elected by the General Meeting of Shareholders with an absolute majority of votes represented in the General Meeting. 2.1.2 The members of the Board of Directors can be shareholders of the Company or not. A member of the Board of Directors can also be a legal entity. In this case, the legal entity is obliged to appoint a natural person to exercise the powers of the legal entity as a member of the Board of Directors. The natural person is fully co-responsible with the legal entity for corporate management. 2.1.3 The members of the Board of Directors are always re-elected and freely revoked by the General Meeting, regardless of the expiration date of their term. 2.1.4 The General Meeting may also elect alternate members, equal number to the regular members. Alternate members may be used only to replace members of the Board of Directors who have resigned, passed away or lost their status in any other way. 2.2 Term of the Board of Directors The term of the Board of Directors’ members is five years, extended until the expiration of the term within which the next Ordinary General Meeting must convene and until the relevant decision is taken, but in no case may it exceed six years. 2.3 Participation in the meeting of the Board of Directors st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 45

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2.3.1 Each consultant must attend the meetings of the Board of Directors uninterruptedly and devote the time required for the satisfactory and effective fulfillment of his/her duties. 2.3.2 The unjustified absence or non-representation of a consultant during the meetings of the Board of Directors for a period longer than six (6) months is equivalent to his/her resignation. The resignation becomes final from the day that the Board of Directors will decide on it, and its decision is recorded in the minutes and is notified to the consultant to whom it concerns. 2.3.3 In the event of an unexcused absence of an independent non-executive member in at least two (2) consecutive meetings of the Board of Directors, this member should be considered as having resigned (in accordance with the relevant guidelines of the Hellenic Capital Market Commission). In such a case, the resignation will be established by a decision of the Board of Directors, which will then replace the member, in accordance with the procedure stipulated by par. 4, article 9 of Law 4706/2020, of Law 4548/2018 and of the Company's Articles of Association. 2.4 Replacement of the Board of Directors’ members 2.4.1 Subject to the provisions of Law 4706/2020 on corporate governance, in case of resignation, death or any other way of losing the status of member or members of the Board of Directors, the latter may elect members to replace the missing members. This election is allowed if the replacement is not possible by alternate members, who may have been elected by the General Meeting. The election by the Board of Directors is made by decision of the remaining members, provided that there are at least three and is valid for the remainder of the term of the replaced member. The decision of the election is submitted to the publicity of article 13 of law 4548/2018 and is announced by the Board of Directors at the next General Meeting, which can replace the elected members, even if there is no relevant item on the agenda. 2.4.2 In case of resignation, death or in any other way loss of member or members’ status of the Board of Directors, the remaining members may continue the management and representation of the Company without replacing the missing members in accordance with the previous paragraph, provided that their number exceeds half of the members, as they had been before the occurrence of the above events. In any case, there may not be less than three members (3). 2.4.3 In any case, the remaining members of the Board of Directors, regardless of their number, may convene a General Meeting with the sole purpose of electing a new Board of Directors. 2.5 Distinction between executive and non-executive members of the Board of Directors 2.5.1 The executive members of the Board of Directors are in charge of the management issues related to the daily operation of the Company as well as for the implementation of the strategy determined by the Board of Directors. The executive members regularly consult with the non- executive members of the Board of Directors on the appropriateness of the strategy implemented. In cases of crises or risks, as well as when the circumstances require the assumption of measures that are reasonably expected to significantly affect the Company, such as when decisions are to be made regarding the development of the business activity and the risks assumed which are expected st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 46

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY to affect the financial position of the Company, the executive members inform the Board of Directors in writing without delay, either jointly or separately, submitting a relevant report with their estimates and proposals. 2.5.2 The non-executive members of the Board of Directors, including the independent non- executive members, are responsible for the promotion of the corporate goals and issues and the safeguarding of the interests of the Company and have, in particular, the following obligations: (a) monitor and examine the Company's strategy and its implementation, as well as the achievement of its objectives, (b) ensure effective oversight of executive members, including monitoring and controlling their performance, (c) consider and express opinions on proposals submitted by executive members, based on existing information, (d) contribute, through constructive criticism, in the development of strategy proposals for all the Company's issues. 2.5.3 The Board of Directors of the Company, in terms of its independent non-executive members, takes all necessary measures to ensure compliance with the independence criteria set by the applicable regulatory framework. With the assistance and support of the Remuneration and Nomination Committee, the Board of Directors reviews according to article 9 paragraph 3 of Law 4706/2020 the fulfilment by independent non-executive members of the independence criteria at least on an annual basis per financial year and before the publication of the annual Financial Report, which includes relevant finding concerning their independence. Within this framework, each independent non-executive member completes and submits annually to the Board of Directors a relevant questionnaire and a responsible statement regarding his/her fulfilment of the independence criteria. Following the above, the Board of Directors of the Company which took place during the meeting of 20/02/2026 after a thorough examination of the fulfilment by the independent non-executive members of the conditions of independence as they are defined by the provisions of article 9, paragraph 1 and 2, declares, ascertains and confirms that both during the fiscal year 2025 (01.01.2025-31.12.2025), as well as at the date of approval of this Report, all its independent non- executive members, and in particular Mr. Ioannis Tsoukaridis, Ioannis Papamichalis and Aliki Benroubi, continue to meet in their entirety the conditions of independence set by the current regulatory framework. 2.6 Succession of members of the Board of Directors and CEO 2.6.1 The Board of Directors of the Company during its meeting on 30/12/2022 approved the Policy and Procedure for the Succession of the Board Members and CEO, which was drawn up with the cooperation of the Remuneration and Nomination Committee. The Policy aims to ensure on the one hand the orderly and smooth functioning of the Board of Directors, and on the other hand, the smooth continuity of the corporate entity and the effective implementation of the business plan and its strategy. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 47

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2.6.2 The above Policy applies: (a) to all the members of the Company's Board of Directors (executive, non-executive, independent non-executive), (b) to the CEO of the Company, as well as to his/her Deputies (one and/or more) and (c) to the members of the various Committees of the Board of Directors. 2.6.3 The Succession Policy and Procedure for the members of the Board of Directors and the CEO includes the following stages: • recognition of the need to fill the vacancy, • determination and approval of the profile of the position to be filled, • examination of the possibility of filling the position internally from the list of candidates maintained and updated by the Remuneration and Nomination Committee, • activation of the possibility of selecting an external candidate, in case there is no suitable internal candidate, either upon recommendation or through assignment to an external consultant, • evaluation of the main characteristics and qualifications of the candidates to fill the position according to the procedure and criteria described in the Succession Policy, • completion of the evaluation process and communication of the results to the interested parties. 2.6.4 The Company's Remuneration and Nomination Committee evaluates the adequacy and effectiveness of the Policy, monitors its adoption and implementation, while recording any identified weakness as well as deficiency and makes the necessary and appropriate proposals- recommendations for improvement. 2.6.5 The Policy is examined on an annual basis and its content as well as implementation is amended and reviewed whenever this is deemed appropriate or necessary, following a relevant recommendation by the Remuneration and Nomination Committee. 2.7 Evaluation of the Board of Directors 2.7.1 The evaluation of the members of Board of Directors is carried out on an annual basis and includes the assessment of all members (executive, non-executive, independent non-executive), as well as third parties (non-members of the above body) who are members of the more specific BoD Committees. 2.7.2 The members of the Board of Directors are evaluated: (a) on a collective basis, which takes into account the overall operation and effectiveness of the subject corporate body and (b) on an individual basis which entails the assessment of contribution of each member towards the successful operation of the Board of Directors. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 48

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2.7.3 The evaluation of both the collective and individual suitability is carried out on the basis of questionnaires which are completed by each member of the Board of Directors separately, while additionally within the framework of individual assessment, private meetings between the Remuneration and Nomination Committee and the members may be held, if deemed appropriate or necessary. The members of Board of Directors must answer honestly to all the questions included in the questionnaires. 2.7.4 The criteria based on which the suitability of the members of Board of Directors is evaluated are defined by Law 4706/2020, as it is currently in effect, the decisions issued by the Hellenic Capital Market Commission under its authority, as well as by the Company's applicable Suitability Policy that has been adopted and is currently effective. 2.7.5 The evaluation of the overall performance of the Board of Directors concerns the following: the size and composition, the existence of diversity among its members, the adequate representation by gender as provided for by the current legislative and regulatory framework in view of the enactment of Law 5178/2025, and the non-application of outdated criteria (e.g. gender, race, color, ethnic or social origin, religion, age, sexual orientation, etc.) during the recruitment process. In any case, the evaluation of the collective suitability of Board of Directors aims to ensure the existence of a body that consists of the most competent and suitable (fit and proper) individuals, operates in accordance with the Articles of Association, the Greek Code of Corporate Governance, the Internal Regulation, the Company's more specific Policies and Procedures, as well as the applicable legislative and regulatory framework in general. The evaluation also ensures that the Board of Directors is able to take, through effective cooperation and fruitful exchange of views, the appropriate decisions taking into account the business model, the risk acceptance level, the business strategy and the conditions of the market in which the Company activates, while monitoring the actual implementation of the decisions of top management and exercising constructive criticism in the context of promoting the broader corporate interests. 2.7.6 The evaluation of the individual suitability of each member of the Board of Directors concerns the level of performance on an individual basis and the assessment of contribution to the effective operation and overall performance of the collective body, i.e. BoD. When evaluating individual suitability, the member's status (executive, non-executive, independent), his/her participation in special committees, the assumption of specific responsibilities, along with the theoretical knowledge and professional experience are all taken into account for the benefit of the company's interests and activities. Additional areas that are being assessed include the time each member spends in fulfilling the respective duties, the overall personal behavior, the absence of any kind of compromise, as well as the absence of objective and proven factors that indicate a lack of honesty, integrity and good reputation. 2.7.7 The Company's Remuneration and Nomination Committee is the competent body for the initiation of the evaluation process of the Board of Directors as well as for the more specific structure of this process (internally or via the assistance of an independent external consultant). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 49

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2.7.8 In the event that a low level of performance is detected, the Chairman of the Board of Directors (non-executive member) is being informed. By this manner, an individual meeting with the member of the Board of Directors can be considered on the one hand for personal briefing and on the other hand for purposes of discussion about the individual weaknesses or deficiencies that have been identified and also for taking further actions or implementing procedures, the adoption of which is deemed appropriate as well as necessary (e.g. further training of the member, removal of specific responsibilities, etc.). ΙΙΙ. Operation of the Board of Directors 3.1 Formation of the Board of Directors as a body The Board of Directors immediately after its election by the General Meeting convenes and is formed in a body, electing among its members by secret voting and by an absolute majority the Chairman and Vice-Chairman as well as the Chief Executive Officer. The Chairman, when he/she is absent or disabled, is replaced by the Vice Chairman and him/her, the Consultant appointed by the Board of Directors. The Chief Executive Officer, when absent or disabled, is replaced by the Consultant appointed by the Board of Directors. The award of the position of Chairman or Vice- Chairman and the Chief Executive Officer is not considered incompatible for the same person. 3.2 Board of Directors meetings 3.2.1 The Board of Directors meets whenever required by law, the Articles of Association or the needs of the Company, at its headquarters or in the region of another Municipality within the prefecture of the headquarters. The Board of Directors meets validly outside its headquarters in another place, either at resident country or abroad, provided that all its members are present or represented at the meeting and no one objects to the holding of the meeting and the decision- making. 3.2.2 The Board of Directors may meet by teleconference with respect to some or all of its members. In this case, the invitation to the members of the Board of Directors includes the necessary information and technical instructions for their participation in the teleconference. 3.2.3 During the closing year 2025 thirty six (30) meetings of the Board of Directors took place. All of its members participated in all the above meetings (fully-attended meeting). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 50

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Composition of the Board Board of Directors Meetings in Capacity of Directors the year 2025 Chairman of the Board of Directors (non- Georgios Ginosatis 30 executive member) Vice Chairman of the Board of Directors Stamatina Ginosati 30 (executive member) Stamatios Ginosatis CEO (executive member) 30 Member of the Board of Directors Asimina Ginosati 30 (executive member) Dimitrios Ginosatis First Deputy CEO (executive member) 30 Spyridon Ginosatis Second Deputy CEO (executive member) 30 Member of the Board of Directors Ioannis Tsoukaridis 30 (independent non-executive member) Member of the Board of Directors Ioannis Papamichalis 30 (independent non-executive member) Member of the Board of Directors Aliki Benroubi 30 (independent non-executive member) 3.3 Convening of the Board of Directors 3.3.1 The Board of Directors is convened by its Chairman or his/her deputy with an invitation notified to its members, in which the items of the agenda must be clearly stated, otherwise decisions are allowed only if all the members of the Board of Directors are present or represented and no one objects to decision making. 3.3.2 The convening of the Board of Directors can be requested by at least two (2) of its members with their request to its Chairman or his/her deputy, in accordance with the provisions of article 91 par. 3 of law 4548/2018. 3.4 Quorum - Decision making of the Board of Directors 3.4.1 The Board of Directors is in quorum and meets validly, when is present or represented to it half (1/2) plus one consultant, but the number of present or represented members can never be less than three (3). In order to find the quorum number, any resulting fraction is omitted. 3.4.2 The decisions of the Board of Directors are validly taken by an absolute majority of the members present or represented. In case of a tie, the vote of the Chairman of the Board of Directors shall not prevail. Each Consultant has one (1) vote. Each consultant can validly represent only one consultant. Representation may not be assigned to persons who are not members of the Board of Directors. The voting in the Board of Directors is open, unless with its own decision it is decided that on the specific issue a secret voting will be held, in which case the voting is conducted with a ballot paper. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 51

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 3.5 Board of Directors’ minutes 3.5.1 The discussions and decisions of the Board of Directors are recorded briefly in a special book, which can also be kept electronically. At the request of a member of the Board of Directors, the Chairman is obliged to record in the minutes a summary of his/her opinion. The Chairman has the right to refuse to record an opinion, which refers to issues obviously off the agenda or its content is clearly contrary to good morals or the law. In this book it is also recorded a list of members present or represented at the meeting of the Board of Directors. The minutes of the Board of Directors are signed by the present members. In case of refusal of signing by a member, a relevant mention is made in the minutes. 3.5.2 Copies and extracts of the minutes of the Board of Directors are certified by the Chairman or his/her deputy, in case of impediment, by the General Manager of the Company or by the person appointed by a decision of the Board of Directors of the Company. 3.5.3 Copies of minutes of Board of Directors meetings for which there is an obligation to register them in the G.E.M.I., according to article 12 of law 4548/2018 or other provisions, there are submitted to the competent service of G.E.M.I. within twenty (20) days from the meeting of the Board of Directors. 3.5.4 The preparation and signing of minutes by all members of the Board of Directors or their representatives is equivalent to a decision of the Board of Directors, even if no previous meeting has taken place. This arrangement also applies if all consultants or their representatives agree to have their majority decision recorded in a minutes without a meeting. The relevant minutes are signed by all Consultants. Signatures of consultants or their representatives can be replaced by exchanging messages by e-mail or other electronic means. ΙV. Information for the current Board of Directors and the Committees of the Company 4.1 In the context of the full, substantial and effective compliance and harmonization of the Company with the requirements and regulations of the new law 4706/2020 (Government Gazette A 136/17.07.2020) on corporate governance, the Annual Ordinary General Meeting of shareholders of June 25, 2021 elected a new nine-member (9-member) Board of Directors with a five-year term, namely until 25.06.2026, extended until the expiration of the deadline within which the next Ordinary General Meeting must convene and until a relevant decision is made, consisting of the following members: 1) Georgios Ginosatis of Spyridonas, 2) Stamatina Ginosati of Georgios, 3) Stamatios Ginosatis of Spyridonas, 4) Asimina Ginosati of Dimitrios, 5) Dimitrios Ginosatis of Stamatis, 6) Spyridonas Ginosatis of Stamatis, 7) Ioannis Tsoukaridis of Petros, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 52

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 8) Ioannis Papamichalis of Eustratios and 9) Aliki Benroubi of Sam Samouil. 4.2 At the same time with this decision of the above Annual Ordinary General Meeting of the shareholders has defined as independent members of the Company’s Board of Directors Messrs.: 1) Ioannis Papamichalis of Eustratios, 2) Ioannis Tsoukaridis of Petros and 3) Aliki Benroubi of Sam Samouil, who meet the who fully meet the conditions and criteria of independence set by the current legislative and regulatory framework (article 9 par. 1 and 2 of l. 4706/2020), namely: (a) do not hold directly or indirectly percentage of voting rights greater than 0.5% of the Company’s share capital and (b) are free from any dependent relationship with the Company or persons related to it and maintain no financial, business, family or other relationship, which may affect their decisions and their independent, objective and impartial judgment. 4.3 The above-elected Board of Directors was formed into body as follows: 1) Georgios Ginosatis of Spyridonas, Chairman of the Board of Directors (Non-Executive Member). 2) Stamatina Ginosati of Georgios, Vice-Chairman of the Board of Directors (Executive Member). 3) Stamatios Ginosatis of Spyridonas, Chief Executive Office (Executive Member). 4) Asimina Ginosati of Dimitrios, Member of the Board of Directors (Executive Member). 5) Dimitrios Ginosatis of Stamatis, A’ Deputy Chief Executive Officer (Executive Member). 6) Spyridon Ginosatis of Stamatios, B’ Deputy Chief Executive Officer (Executive Member). 7) Ioannis Tsoukaridis of Petros, Member of the Board of Directors (Independent Non-executive Member). 8) Ioannis Papamichalis of Efstratios, Member of the board of Directors (Independent Non- Executive Member). 9) Aliki Benroubi of Sam Samouil, Member of the Board of Directors (Independent Non-Executive Member). The composition of the existing and legally elected Board of Directors of the Company fully covers the appropriate and effective exercise of its duties and responsibilities, reflects adequately the size, organization and mode of operation of the Company that requires speed and flexibility, due to the strong export orientation and the very high percentage of extroversion, achieves adequate staffing of both existing and new Committees set up to strengthen the supervisory role of the Board of Directors, and it is distinguished for the diversity of knowledge, skills, qualifications and experience, elements that can contribute decisively to the promotion and achievement of the corporate objectives and plans of the Company. At the same time, the composition of the current Board of Directors is in full compliance with Law 5178/2025 regarding balanced gender representation, given that the percentage of under-represented gender in the Board is no less than 33% of all members, while at the same time two (2) of its executive members come from the under- represented gender. Particularly and according to the above, the Company’s Board of Directors is consisted of: • 4/9 (44.4%) non-executive members st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 53

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • 3/9 (33.3%) independent non-executive members • 3/9 (33.3%) women • 2 female executive members 4.4 The minutes of 25.06.2021 of the Annual Ordinary General Meeting of the Company's shareholders regarding the election of a new Board of Directors as well as the minutes of 25.06.2021 of the Board of Directors on its formation into body and the granting of commitment and representation rights of the Company were registered in the General Commercial Registry (G.E.MI) on 08.07.2021 with Registration Code Numbers (RCN) 2578692 and 2578693 respectively, issued in relation to it with protocol number 2400213/08.07.2021 of the relevant announcement of the Ministry of Development and Investment (General Secretariat of Commerce & Consumer Protection, General Directorate of Market, Directorate of Companies, Department of Supervision of Listed SAs & Sports SA). 4.5 As of December 31, 2025 as well as on the date of publication of this Report, the composition of the Board of Directors is as follows: Full Name Capacity Date of Election End of Term & Re-election Chairman of BoD 25.06.2021 25.06.2026 Georgios Ginosatis Non-Executive Member Stamatina Ginosati Vice Chairman of BoD 25.06.2021 25.06.2026 Executive Member Stamatios Ginosatis Chief Executive Officer (CEO) 25.06.2021 25.06.2026 Executive Member Asimina Ginosati Executive Member 25.06.2021 25.06.2026 Dimitrtios Ginosatis First Deputy CEO 25.06.2021 25.06.2026 Executive Member Spyridon Ginosatis Second Deputy CEO 25.06.2021 25.06.2026 Executive Member Ioannis Tsoukaridis Independent Non- Executive Member 25.06.2021 25.06.2026 Ioannis Papamichalis Independent Non- Executive Member 25.06.2021 25.06.2026 Aliki Benroubi Independent Non- Executive Member 25.06.2021 25.06.2026 4.6 Regarding the proper operation of the Board of Directors and the day-to-day management and control of the Company's activities, there is a clear separation of responsibilities at the management level. The duties of the Chairman of the Board of Directors and those of the Chief Executive Officer are exercised by different persons, while in full compliance with the provision of st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 54

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY par. 1 of article 8 of Law 4706/2020 the Chairman of the Board of Directors is a non-executive member. In particular and in accordance with the provisions of the current Operating Regulations of the Company: 4.6.1 Chairman of the Board of directors The Chairman of the Board of Directors, who is a non-executive member, chairs the meetings of this corporate body and is responsible for organizing and coordinating its work in order to achieve its efficient and effective operation. The responsibilities of the Chairman of the Board of Directors include the following: • ensuring the good organization and efficiency of the Board of Directors’ work and its Committees, • setting the items on the daily agenda, ensuring that the Board of Directors takes decisions on all matters within its remit and devotes the required time to issues that concern it, • convening and chairing the meetings of the Board of Directors and ensuring their effective conduct through the encouragement of constructive dialogue and the effective contribution of the views of the Board of Directors’ members, • ensuring the timely and correct information of the Board of Directors’ members for the preparation of its meetings, • ensuring constructive relations between executive and non-executive members and creating an open-minded culture, • ensuring the effective communication of the Board of Directors with the shareholders, so that their positions on important issues are understood, • cooperation with the Chief Executive Officer and the Corporate Secretary for the preparation of the Board of Directors and the full information of its members, • overseeing the evaluation process of the Board of Directors for the effective fulfillment of its duties, • all other responsibilities that, as the case may be, are mentioned in the Company's Articles of Association and / or in the current legislation. 4.6.2 Chief Executive Officer The Chief Executive Officer is the Executive Member of the Board of Directors to whom are assigned the responsibilities for the management of the Company and its representation, acting within the limits of the powers and responsibilities set by the current legislation, the Articles of Association, the specific decisions of the Board of Directors, the Regulations and Policies that govern the organization and operation of the Company. In particular, the CEO has the following responsibilities: • conducts every act of administration, management and representation of the Company within the framework of the powers and responsibilities assigned to him/her by the Board of Directors, • decides on all general issues concerning the Company within the framework of the corporate objective, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 55

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • executes the decisions of the Board of Directors, • is responsible for the implementation of the corporate strategy as defined by the Board of Directors, • further delegates the exercise of the powers and responsibilities assigned to him/her to third parties, employees or not of the Company, members or not of the Board of Directors, in general or for only certain acts, within the scope of the powers assigned to him/her, determining at the same time the scope of this assignment, • ensures the immediate availability to the members of the Board of Directors of any information that becomes necessary for the performance of their duties, • cooperates with the Chairman of the Board of Directors and the Corporate Secretary for the preparation of the Board of Directors and the full information of its Members, • consults at regular intervals with the non-executive members of the Board of Directors on the appropriateness of the corporate strategy in its implementation, • informs the Board of Directors in writing without undue delay, either alone or together with the other executive members of the Board of Directors, submitting a relevant report with the assessments and proposals, when there are situations of crisis or risk, as well as when the circumstances require them to be taken measures, which are reasonably expected to significantly affect the Company, such as when decisions are to be made regarding the development of the business activity and the risks taken, which are expected to affect its financial position. 4.6.3 Vice-Chairman of the Board of Directors The Vice Chairman of the Board of Directors replaces the Chairman in his/her duties, in cases where the Chairman is prevented from exercising them and in general where provided by the Company's Articles of Association and the law. The Vice Chairman of the Board of Directors, in addition to his/her responsibilities related to the operation of the Board of Directors, and to the extent that he/she retains executive capacity, will exercise the executive responsibilities provided to him/her by the relevant powers of the Board of Directors, in order to participate in all decisions which substantially affect the course of the Company. 4.6.4 Deputy Chief Executive Officer The Deputy Chief Executive Officer is an Executive Member of the Board of Directors of the Company and replaces the Chief Executive Officer, when he/she is absent or prevented from performing any of his/her duties. More than one executive member of the Board of Directors may be appointed as Deputy Chief Executive Officers, while the extent of responsibilities assigned to them is delimited by the Board of Directors by special decision. 4.6.5 Corporate Secretary It is a support body of the Board of Directors according to the Greek Code of Corporate Governance. Appointed and revoked by the Board of Directors, is not a member of it and attends its meetings. The main responsibilities of the Corporate Secretary are the following: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 56

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • providing practical support to the Board of Directors of the Company in terms of its compliance with the internal Policies and Procedures of the Company, the relevant laws and regulations and the effective operation of the Board of Directors, • ensuring, in consultation with the Chairman, the immediate, clear and complete information of the Board of Directors, the inclusion of new members, the organization of General Meetings, the facilitation of communication of the shareholders with the Board of Directors and the facilitation of communication of the Board of Directors with senior executives. 4.7 Curriculum vitae of members of the Board of Directors and senior executives 4.7.1 The brief CVs of the Members of the Board of Directors are as follows and have been uploaded at the Company’s website : https://www.flexopack.com/company-gr/bod-gr/ Georgios Ginosatis, Chairman of the Board of Directors (Non-Executive Member) He is one of the founders of FLEXOPACK with industrial and administrative experience for over forty years. He has been educated on polymer technology and processing. For a number of years he was an elected Consultant at the Athens Chamber of Commerce and Industry. He was the Chairman of the Board of Directors and Chief Executive Officer of FLEXOPACK from January 1989 until June 2021, when he assumed the capacity of the Chairman of the Board of Directors. Stamatios Ginosatis, Chief Executive Officer (Executive Member) He has industrial administrative and laboratory experience of more than forty years. He is one of FLEXOPACK’s founders. His vision, business thinking and international experience have contributed to the significant growth of the Group, making the Group one of the leaders in Europe in the field of flexible plastic packaging of the food industry. He served as Vice-Chairman of the Board of Directors and Deputy Chief Executive Officer of FLEXOPACK from January 1989 until June 2021, when he assumed the capacity of Chief Executive Officer. He studied Chemistry at the Aristotle University of Thessaloniki and holds a M.Sc. from the City University of London in polymer technology. Ginosati Stamatina, Vice-Chairman of the Board of Directors (Executive Member) She is the head of the Human Resources Management (HR) Department of the Group. She holds a degree in Economics and Business Administration (Maitrise Economie et Gestion de l'entreprise) from the University of Aix - Marseille II in France as well as long-term work experience in the Company and later in the Group, as she has been actively employed since 2002 until today, while she was elected as a member of the Board of Directors in June 2017. Ginosati Asimina, Member of the Board of Directors (Executive Member) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 57

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY She has significant administrative experience and knowledge of the Company's objective, employed in a dependent employment relationship since 1986 continuously until today, participating in the close management team with the Company's founders and having assumed responsibility for both the Company's Credit Control Department and broadly of the Group, as well as the supervision of organizational and administrative operations. She was elected as an executive member of FLEXOPACK’s Board of Directors on January 1989. Ginosatis Dimitrios, First Deputy Chief Executive Officer (Executive Member) He is the Head of Business Development of Flexopack Group and he has held various positions of responsibility in the organization during his 15-year term. He has extensive experience in the production, research and development of flexible packaging products and holds patents on plastic packaging. He was born in 1980 in Athens and holds a B.A. in Computer Science from Brown University in the USA and M.Sc. in Polymer Science from Michigan State University. He is member of FLEXOPACK BoD as of June 2017. Ginosatis Spyridon, Second Deputy Chief Operating Officer (Executive Member) He is the Head of Operations of FLEXOPACK Group with experience of more than 10 years in the polymer processing industry. He has been an executive in financial and business sector before joining the team of Flexopack. He was born on 1983 in Athens and holds a B.Sc. on applied Mathematics from the University of Brown USA. He is member of FLEXOPACK BoD as of June 2017. Tsoukaridis Ioannis, Member of the Board of Directors (Independent Non-Executive Member) He is a graduate of the Athens University of Economics and Business. He started his career in 1973 with a small printing house and managed to achieve a continuous growth of his customer base. In 1979 it made a turn by expanding the activity of the printing house, entering the boxing industry and turning PAPERPACK into the Leader of the boxing industry in Greece. From 1996 to the end of 2020, he was the Chairman and CEO of the listed company on the Athens Stock Exchange PAPERPACK SA, of which he was the main shareholder. Papamichalis Ioannis, Member of the Board of Directors (Independent Non-Executive Member) He is a graduate of the University of Thessaloniki and holds a master’s in business administration (M.B.A in Finance) from Georgia State University. He worked from 1980 to 1987 at TITAN CEMENTS SA in the Department of Studies and Internal Audit. From 1987 to 1993 he was the Head of Studies, Planning and Internal Audit at VARNIMA CORPORATION INTERNATIONAL and from 1993 to 2017 he held the position of Chief Financial Officer at AVIN INTERNATIONAL S.A. He is a member of FLEXOPACK’s Board of Directors as of June 2021. Benroubi Aliki, Member of the Board of Directors (Independent Non-Executive Member) Chairman and CEO of Benroubi SA. She studied Economics at the H.E.C. of Lausanne and the Deree College of Athens. From the beginning of her career she worked in the Benroubi family business, a st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 58

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY dominant company in the field of import and distribution of renowned international companies’ electrical appliances. Since 2002, she is the creator of the small electrical appliances brand IZZY, which currently holds a leading position in the Greek market. She is member of FLEXOPACK’s Board of Directors as of June 2018. 4.7.2 The brief CVs of the Company’s senior management are as follows and have been uploaded at the Company’s website https://www.flexopack.com/company-gr/viografika-dieuthintikon- stelexon/ Pelonis Panagiotis– Factory Director He holds a degree in Electrical Engineer from Western Michigan University in the USA. He is employed in the Company as of December 1999, where he holds the position of Factory Director. Rousos Georgios–R&D Director He is in charge of the Research and Development Department of the Group. He has a bachelor’s degree in chemical engineering from M.P.U. He has long-term work experience in the Company and later in the Group, as he has been actively employed since May 1997 until today. Mantzoros Dimitrios– Group Commercial Director He has been working at the Company since 1996. He has a bachelor’s degree in electrical engineering from M.T.U. and after gaining long work experience in the Company and later in the Group, he holds the position of Commercial Director of the Group. Vasilis Kyrou, PhD– Sales Director He is a Chemical Engineer, graduate of the Polytechnic School of AUTh, 1983, with MSc and PhD in Chemical Engineering, from Syracuse University, NY, USA. Has long-term professional experience in sales topics in the International Market. From 1991 to 1998 he worked in various industrial companies, initially as R&D Manager and Technical Director and then as Commercial Director (El. Hatzopoulos SA, N. Vamvalis SA). As of October 1998, he started working as Export Director of Flexopack, where he continues to this day as Sales Director. Koumoutsos Antonis -Group Supply Chain Director He is in charge of the Supply Chain Department of the Group. He has a bachelor’s degree in chemical engineering from M.P.U. and a postgraduate degree from Cranfield University U.K. as well as M.B.A. from E.U.A., as well as long-term work experience in the Company and later in the Group, as it has been actively employed since the year 2001 until today. Zois Zaverdinos – Chief Financial Officer st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 59

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY He is a graduate of the Department of Business Administration of the Athens University of Economics and Business and holds an MSc in International Accounting and Finance from City University of London. He has worked in commercial, industrial and service companies and possesses significant experience in the fields of finance, accounting and taxation. He started working at FLEXOPACK in September 2016 as the Company's Head of Accounting, while from July 2025 he assumed the position of CFO for the Company and the Group. Stavros Meggoulis-Head of the Internal Audit Unit He is a graduate of the School of Economics and Business Administration of the University of Patras – Department of Accounting & Finance – and holds an MBA from Kingston University. He is a member of the Hellenic Institute of Internal Auditors (HIEIA) and has been registered in the Registry of Internal Auditors of the Economic Chamber of Greece (ECG). He holds a Class A’ accounting license from the ECG. He possesses long-term work experience, having worked in the company since 1997. 4.8 Professional commitments of members of the Board of Directors According to the statements of the members of the Board of Directors, the following other professional commitments have been notified to the Company, including significant non-executive commitments to companies and non-profit organizations: Professional Commitment - Companies outside the Group Member of BoD Georgios Ginosatis - Stamatina Ginosati DISPI S.A. (BoD Member) TECHNOPLASTIKI S.A. (Chairman of BoD & shareholder) EGGEIA Ι.Κ.Ε. (Administrator & shareholder) ANELIXIS I.K.E. (shareholder) Stamatios Ginosatis - Asimina Ginosati - Dimitrtios Ginosatis DISPI S.A. (Chairman of BoD & shareholder) TECHNOPLASTIKI S.A. (Vice-Chairman of BoD & shareholder) Spyridon Ginosatis DISPI S.A. (Vice-Chairman of BoD & shareholder) TECHNOPLASTIKI S.A. (BoD Member & shareholder) PROGRESSIVE PLASTICS LIMITED (BoD Member) ANELIXIS I.K.E. (Administrator) Ioannis Tsoukaridis FIVE J&B S.A. (Shareholder) KARELIAS TOBACCO SOCIETE ANONYME (Non-Executive Member of BoD) SELINIA SINGLE MEMBER S.A. (Shareholder) JTR SINGLE MEMBER S.A. (BoD Member) Ioannis Papamichalis - Aliki Benroubi NEA BENROUBI S.A. (Chairman of BoD - CEO & shareholder) BENROUBI REAL ESTATE (Chairman of BoD - CEO & shareholder) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 60

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Professional Commitment - Other Companies of the Group Member of BoD Georgios Ginosatis - Stamatina Ginosati - Stamatios Ginosatis - Asimina Ginosati - Dimitrtios Ginosatis FLEXOPACK PTY LTD (Director) FLEXOPACK PROPERTIES PTY LTD (Director) FLEXOPACK ΝΖ LIMITED (Director) FLEXOPACK SPAIN SL (Director) FLEXOPACΚ TRADE AND SERVICES UK LIMITED (Director) FLEXOPACK FRANCE (Director) FLEXOPACK USA INC. (President of BoD & Secretary) FLEXOPACK IRELAND LIMITED (Director and Secretary) Spyridon Ginosatis FLEXOPACK POLSKA Sp z.o.o (BoD Member) FLEXOPACK INTERNATIONAL LIMITED (Director) FLEXOPACK PTY LTD (Director) FLEXOPACK PROPERTIES PTY LTD (Director) FLEXOPACK ΝΖ LIMITED (Director) FLEXOPACΚ TRADE AND SERVICES UK LIMITED (Director) FLEXOPACK SPAIN SL (Director) FLEXOPACK FRANCE (Director) FLEXOPACK USA INC. (Vice President of BoD andTreasurer) FLEXOPACK IRELAND LIMITED (Director) Ioannis Tsoukaridis - Ioannis Papamichalis - Aliki Benroubi - It is noted that none of the members of the Board of Directors of the Company participates in the Boards of Directors of more than five (5) listed companies. 4.9 Suitability Policy of the Board of Directors 4.9.1 As the Board of Directors is the highest governing body of the Company, which is responsible for formulating the corporate strategy, orientation and business plan of the Company, defending the general corporate interest and strengthening its long-term economic value, it is absolutely necessary that its composition should reflect the knowledge, skills and experience required to exercise its responsibilities, in accordance with the business model and strategy of the Company, its size, structure, activities and operating environment, the complexity of its functions and its special institutional role and character. 4.9.2 The Annual Ordinary General Meeting of Shareholders of June 25, 2021 approved the Suitability Policy prepared on behalf of the Management, which aims to ensure quality and proper staffing, smooth operation and effective fulfillment of the role of the Board of Directors, as a collective body, for the purpose of promoting corporate purpose and defending the corporate interest. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 61

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Suitability Policy has been designed by a clearly and defined way and includes both the principles governing the selection, replacement and / or renewal of the Board of Directors members’ term, and the criteria for assessing their suitability, including the criteria which satisfactorily ensure the diversity of the composition of the Board of Directors, in accordance with applicable law, and are harmonized with the operational organization of the Company and in particular the strongly extroverted nature of it and the Group more broadly, taking into account that its activities extend , except European, and in international markets in which the Group has achieved a significant degree of presence and creation of a competitive position. 4.9.3 In accordance with the approved and current Suitability Policy, both in the election of new Board of Directors’ members, and in case of replacement or replenishing or renewal of the term of existing members, the Remuneration and Nomination Committee takes into account the criteria related to individual and collective suitability always in the light of the relevant regulatory framework currently in effect, the corporate values, the strategy and the general business model that has been adopted and applied by the Company. It is noted that in view of the enactment of Law 5178/2025, regarding the balanced representation of genders in the Boards of Directors, which stipulates that companies employing 250 employees or more and generating an annual turnover of at least €50,000,000 or recording an annual balance sheet of at least €43,000,000 must, among others, by 30/06/2026 show a rate of participation in the Board of Directors on behalf of the under-represented gender, which is not less than 33% of total, rounded to the nearest integer number, the Company has already proceeded with preparing a new revised Suitability Policy, which is to be submitted for approval in the next Ordinary General Meeting of Shareholders. Ι. Individual suitability Especially the individual suitability is being assessed based on the following criteria: (a) Adequacy of knowledge and skills The capacity of the Board of Directors is directly related to the performance of administrative duties, which dictate: (a) appropriate and adequate background of academic education and training and (b) previous related professional experience. Particularly there are taken into account: • the description of the specific responsibilities and duties related to the position of the member of the Board of Directors, • acquired knowledge and skills at academic and general theoretical level, • the required skills in relation to the tasks to be performed (hard and soft skills), • the relevant practical and professional experience, which especially for the executive members of the Board of Directors is interwoven either with the holding of a position of responsibility, or with the exercise of business activity for a sufficient period of time, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 62

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • the sufficient knowledge and understanding of the activities and the complexity of the business model of the Company but also of the Group in general and especially in the light of the international character of the corporate activities, • adequate knowledge and understanding of the legal framework and the Code of Corporate Governance implemented by the Company. (b) Guarantees of morality and reputation The members of the Board of Directors must have proven credibility, good reputation and ethics, which is determined mainly by their honesty and integrity. In particular it is taken into account • the non-existence of objective and proven reasons who indicate a lack of honesty and good reputation such as, as an example, final administrative and judicial decisions, in particular for offenses related to membership of the Board of Directors, non-compliance with the legislation of the Hellenic Capital Market Commission or in general financial offenses • the relevance of any offenses to the role of the member, their degree of seriousness, the general conditions of conduction including any mitigating factors and the role of the person involved, the sentence imposed and any remedial measures; • the existence of a decision by any competent authority to exclude the member from the exercise of duties as a member of the Board of Directors, • the time elapsed since the commission of the offense, • the general behavior of the person after the commission of the offense. (c) Conflict of interests According to the Policy and Procedure for the Prevention & Management of Conflict of Interest Situations adopted by the Company, a conflict of interest is defined as any real or potential situation (professional, personal or other situation or relationship), in which the private interests of the liable person may are contrary to the interests of the Company or may affect the ability of the liable person to assess a situation or his/her judgment to make a decision independently, impartially and based on the interest of the company and which has the possible effect that the interests of the Company are at risk. The members of the Board of Directors must strictly follow and apply the framework of policies, mechanisms and procedures for the purpose of prevention, recognition and effective treatment and management of conflict-of-interest situations, in accordance with the specific provisions of both the above policy and the company’s Operating Regulation. (d) Independence of judgement The members of the Board of Directors must act with an independent judgment, which is not only ensured by the absence of conflict of interest and the fulfillment of the conditions of independence in accordance with current legislation, but requires active participation of members in the meetings of the Board of Directors and expression of independent and objective judgments. In particular, the following must be ensured: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 63

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • the absence of any kind of compromise in the exercise of their duties as members of the Board of Directors, • the exemption from conditions that prevent the member of the Board of Directors from exercising his/her duties in an independent and impartial manner, • the assistance of behavioral skills for the purpose of substantively evaluating the proposals and views of the other members of the Board of Directors in a way that promotes constructive decision-making, • the ability to formulate and support a personal opinion and to avoid indiscriminate or mass adoption of positions that may be expressed by the other members of the Board of Directors (group thinking). (e) Allocation of sufficient time The members of the Board of Directors must have the necessary time for the orderly and effective exercise of the duties related to their position. In particular, the following shall be taken into account in determining the adequacy of the time available: • the status and the specific responsibilities and duties of the member of the Board of Directors, • his/her participation in the Committees of the Board of Directors, • the possible holding of positions and responsibilities on the Boards of Directors of other companies and / or legal entities, • other professional obligations, personal commitments, age and special personal circumstances of each member of the Board of Directors. The executive members, in particular, of the Board of Directors, whose duties are directly related to the promotion of the corporate activities and the best possible promotion of the corporate purpose, must have sufficient time to fulfil all the related obligations. For this purpose, the Company provides information to each candidate member about the expected time, which is required for the proper fulfilment of his/her duties both at the meetings of the Board of Directors, and at the meetings of the individual Committees, of which he/she may be a member. ΙΙ. Collective suitability The Board of Directors in the context of its operation as a collective body must be able to: (a) make appropriate decisions taking into account the business strategy, business development model, the range of risks taken, as well as the specific conditions prevailing in each market (domestic, European and international) in which the corporate activities take place, and (b) to effectively monitor the decisions of senior management and to exercise constructive criticism in the context of promoting the corporate interest. In the context of the above dual mission, the Board of Directors must have a sufficient number of members, who have the appropriate knowledge and experience in each area related to collective responsibility, so that the management body of the Company can exercise effective management, supervision and oversight of corporate affairs. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 64

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The main areas of collective responsibility include: • business planning and organization in general, • the key risks associated with the exercised business activity, the ability to identify and properly manage them, • in the applicable financial information and reporting framework, • adequate knowledge and understanding of issues related to corporate governance, • compliance with the legislative, regulatory in general framework. ΙΙΙ. Diversity criteria The Suitability Policy, which has been adopted and implemented by the Company in the context of promoting an effective corporate governance model, promotes the diversity criteria during the selection process of the members of the Board of Directors, and of the management and supervisory bodies of the Company, so that they are made up of a multi-collective team based on sufficient degree of differentiation. The adoption of diversity criteria and the evaluation of the specific qualifications and experiences of each member are related in particular to: (a) the avoidance of outdated and anachronistic social stereotypes in assessing the suitability of members, (b) promoting different views within the institution in order to make it more effective in decision- making, and (c) the pursuit of integrating innovative approaches and ideas into the decision-making process. More specifically, the basic criteria of the intended diversity of composition of the Board of Directors and the management and supervisory bodies of the Company are as follows: • the minimum percentage (33% of the total members of the Board of Directors) representation by gender, • the prohibition of exclusion of a candidate or active member of the Board of Directors due to different gender, race, color, ethnic or social origin, religion or belief, property, birth, disability, age or sexual orientation. The members of the current Board of Directors as well as of the committees cover a wide age range (between 40 and 80 years), combine dynamics and experience, are distinguished for their ethics, reputation, reliability and integrity of character, have worked in high positions and have been senior executives of important companies, as a result of which they have rich experience in the business field and are able to actively and substantially contribute to the development prospects of the Group in the geographical areas of its activity. 4.9.4 The full text of the Suitability Policy of the members of Board of Directors is available on the Company's website https://flexopack.com/investor relations/corporate governance/policies . It is noted that the text of the proposed new Suitability Policy, following its approval by the next Ordinary General Meeting of Shareholders, will be posted at the above email address. 4.9A Diversity Policy st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 65

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 4.9A. 1 It is noted that the Company, in full compliance with the requirements of Law and in particular with the provisions of article 152 paragraph “f” of Law 4548/2018, as amended and as it is in force today, proceeded initially with the establishment and subsequently, during the fiscal year 2025, with the further enhancement of the Company's substantive compliance along the review of its Diversity Policy. The Policy describes in a clear and detailed manner all principles and rules applied by the Company towards the equal treatment and respect for the administrative, managerial and supervisory bodies of the Company. This Policy is being applied in terms of gender, age, disability, educational and professional background of the respective individuals, thereby enhancing diversity within the Company, with regard to the above bodies. The Policy specifically refers: (a) to all members of the Board of Directors of the Company (executive, non-executive, independent non-executive), (b) to the Managing Directors of the Company, as well as to their Deputies (one or/and more), (c) to the other individuals, except for the members of the Board of Directors, who comprise the Committees established within the framework of corporate governance, and (d) to the Top Ranking and Senior Management Executives, as defined in the relevant Policy and the respective definitions listed for convenience as follows: Top Ranking Management Executives are defined as the Company's executives based on its Organizational Structure and in accordance with the definition of article 2 of Law 4706/2020 (and as defined in the Company's Operating Regulation and in accordance with the definition of IAS 24, including the Head of the Internal Audit Unit), who have responsibilities for applying the strategy determined by the Company's Board of Directors and who report directly to the CEO and/or whenever necessary to the Company's Board of Directors. The positions held by the Top Ranking Management Executives are as follows: • Production Plant Manager • R&D Director • Group Commercial Director • Sales Director • Group Supply Chain Director • Chief Financial Officer (CFO) • Head of Internal Audit Unit Senior Management Executives are defined as other management executives, except for the top ranking ones, who hold positions of senior administrative responsibility in the Company and are responsible for planning, coordinating and supervising its key functions or the organizational units. These members include in particular the heads of departments or equivalent organizational units, who are hierarchically subordinate to the Company's Management, based on the Company's organizational chart and who are employed in the following positions: • Quality Assurance Manager st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 66

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • Head of Corporate Communications and Shareholder Services • ICT Director • Business Development Manager • Head of Legal/Compliance Manager • HR Manager • Head of Accounting It is noted that the above list of Top Ranking Management and Senior Executives is indicative and not restrictive, given the fact that other positions may be subject to the definition of the Top Ranking Management and Senior Executives, depending on the future organizational needs of the Company. 4.9A.2 In more specific terms, this Policy, as currently in effect, is governed by the following guiding principles and objectives: a) The Company attributes the highest value to all persons falling within the scope of the Diversity Policy by implementing business practices that demonstrate zero tolerance in terms of discrimination, promoting the generally equal representation of the genders, the equal opportunities and diversity as well as equality in recruitment, employment, development, talent management and remuneration. This is performed always in full compliance with the applicable legislative and regulatory framework along with the highest respect for the protection of Human Rights. The Company, by implementing the best practices of Corporate Governance, and promoting all principles in favor of diversity, ensures that it will maintain a percentage of women's representation of at least: a) 20% of all other members that are subject to the Policy, apart from the Members of Board of Directors, b) 33% of all members of Board of Directors. b) Taking into consideration all the different elements as well dimensions which characterize the individuals comprising the administrative, managerial and supervisory units, including education, family status, culture, language, way of thinking and working, experience and skills of all kinds, in order to utilize all these specific characteristics for the benefit of the Company and towards maximizing corporate value. c) Ensuring unhindered access, without discrimination in terms of gender, age and other features, to all types of infrastructure, services and goods that exist and circulate in the working environment. The Company meets this objective by utilizing every appropriate means towards this goal. d) Providing equal professional opportunities without discrimination. In particular, the Company does not apply any kind of discrimination and treats all distinct directorial, administrative and managerial units with respect and equality. Moreover the Company fully complies with the applicable law and regulations and avoids making any decisions based on criteria in relation to race, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 67

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY color, gender, age, nationality, religion, disability, gender identity or expression, marital status, sexual orientation or in general any other legally protected attribute/right. The above are applied especially with regard to recruitment, training, determination of salaries or the promotion process within its managerial bodies and also with regard to administrative and managerial executive officers. The recruitment, evaluation, nomination, remuneration and development procedures in relation to the above bodies do not contain any reference or limitation regarding gender, age, culture, nationality, physical abilities, political and religious beliefs, social status, sexual orientation and any other similar distinction. During the recruitment and evaluation procedures for administrative and managerial (senior and highest ranking) personnel, no reference is being made towards the so-called protected characteristics (such as gender, religion, family status, etc.), but only to predetermined criteria that relate to skills and performance. e) Continuous commitment along with a sense of responsibility towards the goal achievement, learning process, continuous monitoring and regular review of the definition of diversity, in order to constantly achieve equality and avoid any discrimination. f) Constant diligence along the interaction and cooperation of people with different backgrounds and different perceptions in order to achieve in practice a good collaboration level between "different" people by practically attaining good cooperation even between heterogeneous groups. At the same time this eliminates discrimination, elitism and any kind of negative treatment with regard to the characteristics of any individual. g) Ensuring equal remuneration for similar level work and responsibility and avoiding any kind of non-merit-based discrimination based on gender, race or nationality, or in general based on the existence of any kind of special characteristics. h) taking all necessary measures and actions (such as, and indicatively, modification of equipment, adjustment of the workplace environment, work objective, method of performing the various tasks, working hours and place of work) in order to enable the efficient fulfilment of duties of each subject of the Policy with special needs (e.g. pregnant women, need for care or any change in the health status of the individuals, etc.). 4.9A.3 Due to the new nature of the present Policy, it is not possible at this time to provide specific reports regarding the results and/or the manner of the Policy’s implementation. Such reports will be feasible in the near future and especially after the Policy has been implemented for a sufficient period of time. 4.9A.4 Finally it is noted that the above corporate principles and values have been included in the Sustainability Report prepared by the Company along with all the relevant or required information. 4.10 Remuneration of Board of Directors’ members st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 68

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 4.10.1 An essential and fundamental condition for the long-term growth and the ensuring of the Company’s stable presence in the market, in which it operates, is the harmonization and alignment of the Board of Directors members’ remuneration with the profitability, capital adequacy, competitiveness and sustainable development of the Company. In this context, the Company has established, maintains and applies basic principles and rules regarding the remuneration of the Members of the Board of Directors (hereinafter "Remuneration Policy") that contribute at maintaining the Company's competitiveness, maximizing its long-term financial value and avoiding taking over excessive risks, due to the payment of exorbitant salaries, which are not in line with the prevailing economic conditions and the wider financial environment. 4.10.2 In particular, the Remuneration Policy: • provides incentives for attracting young people as well as retains capable executives with high theoretical training, long-term professional experience and efficiency in the performance of their duties, in order to strengthen and maximize the financial value of the Company, • ensures the provision of a competitive remuneration package, adapted to the market conditions in which the Company operates, • contributes to ensuring the capital adequacy and liquidity of the Company at the most satisfactory level, • promotes each time the business strategy, goals, values and interests of the Company, • enhances internal transparency and clarity of the fees that fall under its regulatory scope, establishes a system of meritocracy, justice and proportionality aligned with the hierarchical structure and the importance of the respective responsibilities, • aligns the goals of the Company with the goals of shareholders and stakeholders, discouraging and limiting the probability of any conflict of interest. 4.10.3 The current Remuneration Policy of the Company was approved, in accordance with the provisions of article 110 of law 4548/2018, by the Annual Ordinary General Meeting of shareholders of June 16th, 2023, was registered in the General Commercial Register on 03/07/2023 and the validity period stands at four (4) years, unless the General Meeting within this period decides to amend it. The full text of the Remuneration Policy is available on the Company's website https://flexopack.com/investor relations/corporate governance/policies. The Remuneration Policy applies in accordance with the article 110, paragraph 1 of Law 4548/2018 to all members of the Board of Directors (executive and non-executive, with the necessary differences mentioned below) including the Chief Executive Officer (one and / or more, if any), their deputy members, if any, and the top managers, in accordance with the definition of article 2 of Law 4706/2020 (including General Managers - Administrative Officers, as defined in the Company's Internal Operating Regulation and in accordance with the definition of IAS 24 , as well as the Head of the Internal Control Unit). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 69

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The current Policy is also applied to the significant subsidiaries of the Group, with the aim of the universal application of the rules on the fees and other compensation, and in order to steer clear of any adoption of generally contradictory regulations within the companies of the Group. 4.10.4 Remuneration of Executive Members According to the specific provisions of the current Remuneration Policy of the Company, the Executive Members of the Company’s Board of Directors are paid: (a) fixed remuneration and (b) variable remuneration. 4.10.4.1 At the fixed remuneration of the executive members of the Board of Directors are included: (a) the remuneration paid to the members of the Board of Directors due to a contract of employment (defined or indefinite time) or a service contract or a paid contract (annual fixed salary), (b) fees for services in Group companies (c) the compensation for participation in the meetings of the Board of Directors and decision- making, as well as for participation in BoD’s meetings, (d) the benefits in kind paid by the Company's freedom (indicatively use of a company vehicle / mobile phone / laptop / corporate credit or debit card / fuel card, provision of private health and / or life insurance, use of a fixed number of air tickets, expenses for presence or travelling, accommodation and meals in connection with the fulfillment of these duties as members of the Board of Directors. The amount of the annual cost of benefits in kind may not exceed a maximum of 20% of the annual fixed salary of each executive member of the Board of Directors. The fixed remuneration is been paid by the Human Resource Department (Payroll Department) of the Company. The Company has not yet established and as a result do not apply on the executive members of the Board of Directors: (a) pension schemes, other than the coverage of statutory social security contributions, (b) early retirement or supplementary pension schemes, (c) other incentive programs. 4.10.4.2 As Variable are considered the remuneration that are linked to the achievement of goals both of the Executive Members of the Board of Directors as well as of the Company and are a key component of its performance-oriented policy. Subject to the achievement of specific corporate profitability targets, the Board of Directors may propose the payment of variable remuneration as an incentive for higher performance. The stated objectives may be determined and revised annually in relation to the Company's annual budget and business plan. The payment of variable remuneration is not binding for the Company. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 70

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The payment of variable salaries is made in cash and may be consisted of participation in the Company's profits. Variable remuneration is recorded as a percentage of annual fixed remuneration. However, in no case may the amount of the variable percentages exceed 100% of the annual fixed salaries of each of the executive members of the Board of Directors. The Company's performance goals are set at the beginning of each corporate year in collaboration between the Management and the Financial Services Department. At the end of the financial year, the non-Executive Members of the Board of Directors evaluate the performance of its Executive Members and examine the achievement of the set goals, always taking into account the financial environment and market conditions. The payment of the variable remuneration and its amount is decided by the Board of Directors of the Company in a special meeting, based on the above evaluation. The Company may not request a refund of variable remuneration paid. 4.10.5 Remuneration of Non-Executive Members The remuneration of the Non-Executive Members of the Board of Directors is approved by a special decision of the Ordinary General Meeting of the Company's shareholders. The remuneration of the Non-Executive Members of the Board of Directors is paid in cash and is subject to the deductions provided by the applicable tax and insurance legislation. The Non-Executive Members of the Board of Directors receive compensation for their participation in the meetings of the Board of Directors, while they may also be granted additional fees (bonus), participation rights in the Company's profits, stock options or compensations related to the achievement of goals of the Company, within the same framework of the quantitative restrictions that apply to the Executive Members. For the payment of remuneration to Non-Executive Members, there are taken into account the complexity-breadth of their work, the degree of experience and any special knowledge they have, their working time, any participation in special Committees of the Board of Directors (e.g. Audit Committee), the number of meetings in which they participate, etc. The Independent Non-Executive Members do not participate in a scheme of pensions, allowances or long-term incentives, unless there is a special decision of the competent corporate body. Any expenses for performance, transportation, accommodation and meals in relation to the fulfillment of the duties of the Independent Non-Executive Members of the Board of Directors are approved by the Chairman of the Board of Directors. Especially the Independent Non-Executive Members of the Board of Directors for the proper collection of their remuneration and compensations are obliged to submit to the Company any supporting documents requested to prove the fulfillment by these criteria set in the law for their designation as independent. It is pointed out that the Remuneration Policy, in compliance with the provisions of Law 4706/2020, does not provide for variable remuneration or other benefits or compensation related to the performance for the independent non-executive members of Board of Directors, in order to primarily satisfy the intended according to Law 4706/2020 condition of "independence of judgement" and secondarily in order to avoid any conflict of interest cases. This is turn allows the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 71

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY BoD members to have the option to exercise constructive and objective criticism against any management's decisions that involve risk. 4.10.6 During the closing financial year 2025, the members of the Company's Board of Directors and of the respective Committees received the remuneration which is presented in the relevant Remuneration Report. Such remuneration is in agreement and harmonization with the provisions and regulations of the applicable Remuneration Policy, which the Company has established and applies and in alignment with the consequent decisions of the General Meeting of Shareholders. The Remuneration Report for the financial year 2025 is to be posted on the Company's website (https://www.flexopack com), immediately after its preparation and before its submission for discussion to the Annual Ordinary General Meeting of Shareholders and will remain posted, in accordance with the provisions of Article 112 of Law 4548/2018. 4.11 Number of shares of the Board of Directors’ members and senior management on 31.12.2025 Number of Voting Full Name Capacity in the BoD Rights 31/12/2025 Georgios Ginosatis Chairman of BoD 2,068,674 Stamatios Ginosatis Chief Executive Officer 3,644,966 Stamatina Ginosati Vice Chairman 942,448 Asimina Ginosati Executive Member 25,600 Dimitrios Ginosatis Executive Member 286,150 Spyridon Ginosatis Executive Member 275,372 Ioannis Tsoukaridis Independent Non Executive Member 0 Ioannis Papamichalis Independent Non Executive Member 0 Aliki Benroubi Independent Non Executive Member 0 Georgios Roussos Director of Research & Development 2,200 Panagiotis Pelonis Factory Manager 2,500 Dimitrios Mantzoros Commercial Policy Manager 0 Antonios Koumoutsos Supply Chain Manager 6,800 Vasilis Kyrou Sales Manager 9,490 Zois Zaverdinos Chief Financial Officer 3,200 Stavros Meggoulis Internal Auditor 3,200 PART Β – COMMITTEES & OTHER CORPORATE BODIES Ι. Audit Committee 1.1 Election and term of the Audit Committee st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 72

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Annual Ordinary General Meeting of shareholders of June 25, 2021 decided the election of a new Audit Committee, in accordance with the provisions of article 44 of law 4449/2017, as in force after its amendment by article 74 of law 4706/2021, the which constitutes an Independent Joint Committee, consists of three (3) members, of which one (1) Independent Non-Executive Member of the Board of Directors of the Company and two (2) third persons - non-Members of the Board of Directors and its term is five years, expiring on June 25, 2026, extended until the expiration of the deadline within which the next Ordinary General Meeting must convene, in no case, however, may it exceed six years. 1.2 Members of the Audit Committee 1.2.1 Especially as members of the Audit Committee were elected the following persons: 1) Dimitrios Panagotas of Ioannis, Certified Auditor-Accountant (R.N. SOEL 34971), non-Member of the Board of Directors – third party. 2) Nikolaos Vlachos of Matthews, non-Member of the Board of Directors – third party. 3) Aliki Benroubi of Sam Samouil, Independent Non-Executive member of the Board of Directors. th Then the Audit Committee during its meeting on 28 June 2021 elected, among other members, as Chairman of it Mr. Dimitrios Panagotas of Ioannis. 1.2.2 For the purpose of complete, adequate and appropriate information of the shareholders and the investing public in general, below are the brief resumes of the Members of the Audit Committee who are third parties - non-Members of the Board of Directors. Dimitrios Panagotas He is a Certified Public Accountant, with a wide knowledge base and rich professional experience. He studied Accounting and Finance at the University of Macedonia and is a graduate of the two- year postgraduate program of the Institute of Certified Public Accountants for obtaining the professional license of Certified Public Accountant. He started his professional career in 1999 taking various positions in the financial sector. From January 2003 to March 2016 he worked as a Certified Public Accountant and Tax Auditor in the company Associate Certified Public Accountants SA. Since January 2019 he has been cooperating with the auditing company NEXIA EUROSTATUS S.A. In addition, he has experience as a member of Audit Committees in other companies listed on the Athens Stock Exchange. He is also a member of the Body of Certified Public Accountants and the Hellenic Institute of Internal Auditors. Nikolaos Vlachos He studied Chemistry specializing in polymers. BSc: Polymer Science, School of Molecular Science University of Sussex, UK. He is a holder of a postgraduate degree M. Philosophy by the same University with a scholarship from the company Tate + Lyle UK. He worked for 12 years as a senior executive in the flexible packaging plastics industry. From 1997 until today he holds the position of Chairman and Chief Executive Officer in the company "VLACHOU BROS SA". He was a member of the Board of Directors of FLEXOPACK from 2009 to 2021. Aliki Benroubi st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 73

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The curriculum vitae of Ms. Aliki Benroubi, Member of Board of Directors, is listed in detail in paragraph 4.7.1 of the present Report. 1.2.3 The members of the Audit Committee meet all the criteria and conditions set by the provisions of the current legislative and regulatory framework, namely: (a) are in their entirety independent of the audited entity in accordance with the provisions of par. 1 and 2 of article 9 of law 4706/2020 and in particular: (i) do not hold directly or indirectly a percentage of voting rights greater than 0.5% of the Company's share capital; and (ii) are free from any dependency relationship, as it (dependency relationship) is specified in par. 2 of article 9 of law 4706/2020, with the Company or persons related to it and they do not have any financial, business, family or other relationship which may influence their decisions and their independent, objective and impartial judgment, (b) have a thorough knowledge of the sector in which the entity operates; and (c) at least one member of the Committee who is independent of the audited entity, has sufficient knowledge and experience in auditing or accounting, and is required to attend the meetings of the Committee on the approval of financial statements. Furthermore, it has been expressly disclosed that the members of the Audit Committee did not hold shares of the Company as at 31.12.2025, nor do they hold any such shares as of the preparation date of this Report. 1.3 Operation of the Audit Committee 1.3.1 The Audit Committee has Operating Regulation, which was approved by the Board of Directors of the Company at its meeting of November 22, 2018, while its amendments were approved at the meetings of the Board of Directors of September 28, 2020, of June 15, 2021 and of May 6, 2025. The Regulation records, among other things, the responsibilities, duties and obligations of the members of the Committee and is posted on the Company's website (http://www.flexopack.com), according to the explicit legislative requirement of article 10 par. 4 of law 4706/2020. 1.3.2 In accordance with the current Operating Regulation of the Audit Committee and taking into account the size, business model and scope of activities of the Company, the Audit Committee meets at regular intervals and extraordinarily when required. In any case, the Audit Committee meets four (4) times a year, while at least two (2) times a year it holds a meeting with the statutory Auditor of the Company, without the presence of the members of Management. The Audit Committee may also meet by teleconference. 1.3.3 All its members participate in the meetings of the Audit Committee in person. The Audit Committee has the discretion to invite, whenever deemed appropriate, key executives involved in the management of the Company, including the CEO, Chief Financial Officer (CFO) and the Head of the Audit Department, to attend specific meetings or specific items on the agenda and provide any necessary information, clarifications or explanations. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 74

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1.3.4 The Audit Committee is convened by its Chairman by invitation which is communicated in any appropriate way to the other members at least two (2) days before the meeting. The invitation must include at least the date, time and items on the agenda clearly, otherwise decisions may be taken as long as none of the members of the Committee object to the meeting and the decision being taken. 1.3.5 The decisions of the Audit Committee are taken by an absolute majority of its members. In case of a tie, the casting vote of the Chairman shall prevail. 1.3.6 The discussions and the decisions of the Audit Committee are recorded in minutes which are signed by the members present in accordance with article 93 of law 4548/2018. The minutes are available to all members of the Audit Committee and, at the discretion of its Chairman, to the Board of Directors. 1.3.7 The Audit Committee may elect a secretary to observe the minutes of its meetings and to support its work in general. 1.4 Responsibilities of the Audit Committee According to the provisions of article 44 of law 4449/2017, the responsibilities of the Audit Committee include the following: (a) informs the Company's Board of Directors of the outcome of the statutory audit and explains how the statutory audit contributed to the integrity of the financial information and about the role of the Audit Committee in that process; (b) monitors the financial information process at all stages and where applicable, the sustainability reporting process, including the electronic reporting process as referred to in Article 154B of Law 4548/2018, as well as the process required for specifying the information submitted in accordance with the sustainability reporting standards approved under Article 154A of Law 4548/2018, and makes recommendations or proposals to ensure its integrity; (c) monitors the effectiveness of the internal control, quality assurance and risk management systems of the enterprise and, where appropriate, its Internal Audit Department, regarding the financial information of the audited entity and the submission of sustainability reports of the enterprise, including the relevant electronic reporting procedure referred to in article 154B of Law 4548/2018 without violating or affecting the independence of that entity; (d) monitors the statutory audit of the annual and consolidated financial statements and ensures the submission of the annual and consolidated sustainability report and, in particular, its performance metrics, taking into account any findings and conclusions of the competent authority in accordance with paragraph 6 of Article 26 of Regulation (EU) No. 537/2014; st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 75

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (e) supervises and monitors on an ongoing basis the independence of chartered accountants or audit firms and in particular the adequacy of the provision of non-audit services to the audited entity; (f) is responsible for the selection process of certified public accountants or audit firms and proposes the statutory auditors or audit firms to be appointed; (g) submits an annual report of the proceedings to the Annual Ordinary General Meeting of the Company's shareholders. 1.5 Number of Audit Committee’s meetings 1.5.1 During the closing year 2025, the Audit Committee met sixteen (16) times and all its decisions were taken unanimously. Audit Committee Meetings during the Year 2025 Percentage of Total participation in Name of Member Position on the Committee Meetings meetings Panagotas Chairman, non-Member of the Board Dimitrios of Directors - third party 16 100% Member, non-Member of the Board of Vlachos Nikolaos Directors - third party 16 100% Member, Independent Non-Executive Benroubi Aliki Member of the Board of Directors 16 100% During each meeting, the examination of all the items on the agenda was completed, after the required information notes and the relevant suggestions had been distributed, and the competent executives, the Certified Auditors and other persons were invited to participate, as the case may be in order to provide any necessary clarifications and / or explanations. 1.5.2 It is clarified that the Certified Auditor-Accountant of the Company, who performs the audit of the annual and semi-annual financial statements, provided with the approval of the Audit Committee authorized non-audit services to the Company amounting to 1,750 euros and is not related to any other relationship with the Company in order to comply with the provisions of Law 4449/2017 and thus ensure its objectivity, impartiality, integrity and independence, with the exception of ensuring services related to the performance of the special tax audit required in accordance with the provisions of article 65A of law 4174/2013, as a result of which (audit) the "Annual Tax Certificate" is issued. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 76

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1.6 Proceedings of the Audit Committee The issues with which the Audit Committee dealt during the year 2025 as well as during the year 2026 until the publication of the present Report were the following: 1.6.1 Financial reporting process - External audit In the field of external audit and financial information processing, the Committee has taken the following steps: (a) was informed by the Chief Financial Officer of the financial statements of the Company and the Group for the year ended 31 December 2024 and of the principal matters of concern to the Financial Management in the preparation of the financial statements; (b) was informed of the accounting principles and policies applicable to the preparation of the financial statements, as well as of the consolidation basis and measurement methods used for the assets and liabilities contained in the financial statements; (c) reviewed the financial statements of the Company and the Group for the year 2024 before their approval by the Board of Directors and evaluated them in terms of their accuracy and completeness; (d) ascertained the agreement of the financial statements with the legally binding content and framework of their preparation and recommended their approval; (e) briefed the Board of Directors on the issues arising from the statutory audit, the contribution of the statutory audit to the quality and integrity of financial information and the role of the Audit Committee in this process; (f) verified compliance with the rules on the disclosure of financial statements, as well as the possibility of immediate, permanent and without any charge for access to them; (g) was informed by the Certified Auditor-Accountant about the most important issues of the audit for the year 2024, the risks that were assessed as the most important and how to deal with them st and was informed about the final draft of the Audit Report for the year ended 31 December 2024, (h) took note of the supplementary report of the Chartered Auditors - Accountants provided by Article 11 of the Regulation of the European Union (EU) 537/2014 on the financial statements of the Company and the Group, (i) submitted a proposal to the Annual Ordinary General Meeting of the Company's shareholders for the election of the Audit Company under the name "Grant Thornton Certified Auditors and Business Consultants Societe Anonyme" for the performance of the statutory audits of the annual and semi-annual financial statements for the year 2025, (j) was informed by the Certified Auditor - Accountant regarding the procedure and methodology that will be followed during the audit of the semi-annual and annual financial statements for the year 2025, with the planning and the schedule of its audit, as well as for the audit procedures to be followed, (k) confirmed the impartiality, objectivity, independence and integrity of the external auditors in accordance with the Code of Professional Ethics of the International Federation of Accountants, Regulation (EU) 537/2014 and Law 4449/2017, as well as the non-provision of any external , directive, suggestion or recommendation by the Management of the Company, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 77

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (l) was informed by the Certified Auditor-Accountant about the audit approach of the review of the interim financial statements of the first half of the year 2025 and became aware of the important issues of the audit, (m) supervised the correct and timely disclosure to the investing public of corporate announcements concerning financial information; (n) Reviewed their entire content and approved the provision of authorized non-audit services by the auditing company "Grant Thornton Certified Auditors and Business Consultants Societe Anonyme". (o) The Committee monitored the process of preparing the Sustainability Report, including the electronic submission of the Report in accordance with article 154B of Law 4548/2018 as well as the process carried out to specify the information submitted in accordance with the sustainability reporting standards approved under article 154A of Law 4548/2018. The Committee also submitted proposals to ensure the integrity of the above process. (p) It was accordingly informed about the outcome of the process that assured the submission of the Sustainability Report and provided the necessary explanations for its contribution to the Sustainability Report as well as for its role in the above process. (q) It monitored the mandatory audit of the process that assured the submission of the annual and consolidated sustainability report and in particular its performance, taking into account the findings and conclusions of the competent authority in accordance with paragraph 6 of article 26 of Regulation (EU) No. 537/2014. (r) was informed by the Chief Financial Officer about the financial statements of the Company and the Group for the fiscal year ended 31 December 2025 and about the main issues that concerned the Financial Management during the preparation of the above financial statements, (s) reviewed the annual financial statements of the Company and the Group for fiscal year 2025, prior to their approval by the Board of Directors, ascertaining their alignment with the legally mandatory content, and subsequently recommended their approval, (t) was informed by the Certified Auditor-Accountant about the most important issues of audit with regard to the fiscal year 2025, about the risks assessed as most significant and was accordingly informed about the final draft of the Audit Report as well as the Supplementary Report of the Certified Auditors (based on article 11 of EU Regulation 537/2014) for the fiscal year ended 31 December 2025, (u) informed the Board of Directors about the issues that arose from the performance of the mandatory audit of the fiscal year 2025 and explained the Committee’s contribution to the integrity of financial information and the role of the Audit Committee in this process. 1.6.2 Internal control system In the context of monitoring the effective operation of the Company's internal control system and the proper operation of the Internal Control department, the Audit Committee: (a) examined and evaluated the effectiveness and adequacy of the Internal Control Unit's procedures regarding the Company's financial information, without affecting in any way its independence; st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 78

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (b) monitored the effectiveness of internal control systems through the work of the Internal Control Unit and the work of the Chartered Accountant; (c) Confirmed the exclusive employment, personal and functional independence and objectivity in the performance of duties of the Head of Internal Audit Unit as well as the possession of the appropriate knowledge, professional experience and absence of any incompatibility. (d) reviewed the management of the Company's main risks, evaluating the methods used by the Company to identify and monitor the risks, as well as the treatment of the main ones and their proper disclosure; (e) was informed of the annual control program of the Internal Control Unit before its implementation and reviewed, assessed and approved it; (f) was informed and evaluated of the work of the Internal Control Unit and was informed of the reports of the Head of the Internal Control Unit; (g) inspected the proper functioning of the Internal Control Unit in accordance with professional standards and the applicable legal and regulatory framework in general; (h) had meetings with the Internal Auditor on issues that may have arisen during the audit process, in order to ensure the smooth operation of all individual Departments and Divisions of the Company; (i) confirmed that the Internal Control Unit has constant and unhindered access to all the data and records of the Company, which are necessary for the performance of its duties, as well as to all the Departments of the Company, (j) examined the Operating Regulations of the Internal Control Unit of the Company and its compliance with the requirements of the applicable regulatory framework. (k) was informed by the regulatory compliance officer about the findings, proposals and recommendations in the framework of the conducted regulatory compliance audit and approved the annual work plan for 2025, (l) was informed about the 2024 risk management report and approved the annual action plan of the risk management unit for 2025. (m) monitored and reviewed the adequacy and effectiveness of the Corporate Governance System with a reporting date of 31.12.2025 and informed the Board of Directors about the result of its work. (n) was informed by the Compliance Officer about the findings, proposals and recommendations in the context of the annual compliance report for the fiscal year 2025 and approved the annual work plan for 2026, (o) was informed about the risk management report for the fiscal year 2025 and approved the annual action plan of the risk management unit for 2026. 1.6.3 Other (a) The Committee also monitored and ensured that the Company's business activity served effectively the protection of environment, the health and safety of employees, as well as the local community and the public. (b) Approved the content of the information that was provided to the shareholders during the th Annual Ordinary General Meeting of 20 June 2025 regarding Company's activities for the financial year 2024. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 79

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY ΙΙ. Remuneration and Nomination Committee 2.1 Establishment, term and members of the Remuneration and Nomination Committee 2.1.1 The Board of Directors of the Company in the context of immediate, substantial, full and effective compliance with the requirements and general regulations of articles 10-12 of law 4706/2020 (Government Gazette A 136/17.07.2021), as well as the adoption of corporate governance best practices, at its meeting of 14 July 2021 set up a single three-member Remuneration and Nomination Committee, in order to provide the necessary assistance and support to the Board of Directors on the one hand in the process of identifying and promoting appropriate persons for the staffing of Board of Directors, based on the existing Suitability Policy, and on the other hand during the process of preparation, evaluation and revision of the Remuneration Policy, with the aim of attracting and retaining competent executives. As members of the Remuneration and Nomination Committee were defined the following persons: 1) Aliki Benroubi of Sam Samouil, Independent, Non-Executive Member of the Board of Directors. 2) Ioannis Papamichalis of Efstratios, Independent, Non-Executive Member of the Board of Directors. 3) Georgios Ginosatis of Spyridonas, Non-Executive Member of the Board of Directors. th The Remuneration and Nomination Committee during its meeting on 15 July 2021 elected, among its members, as Chairman of it Mrs Aliki Benroubi of Sam Samouil. 2.1.2 The term of the Remuneration and Nomination Committee is five years, ending on June 25, 2026, extended until the expiration of the deadline within which the next Ordinary General Meeting must convene, but in no case may it exceed six years. 2.2 Operation of Remuneration and Nomination Committee 2.2.1 The Remuneration and Nomination Committee (RNC) has an Operating Regulation, which was approved by the Board of Directors of the Company at its meeting of July 14, 2021. This Regulation records the organization and operation of the Remuneration and Nomination Committee, regulates its duties, responsibilities and obligations and of its members and is posted on the Company's website (http://www.flexopack.com), according to the explicit legislative provision of article 10 par. 4 of law 4706/2020. 2.2.2 In accordance with its Operating Regulation, the Remuneration and Nomination Committee meets regularly at least two (2) times a year and extraordinarily, when required by its members. 2.2.3 All its members participate in the meetings of the Committee in person. The Committee has the discretion to invite, whenever appropriate, key executives involved in the management of the Company, including the CEO, to attend specific meetings or specific items on the agenda and to provide any necessary arrangements or clarifications on them. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 80

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2.2.4 The meeting is convened at the invitation of the Chairman of the Committee and is being notified in any appropriate way to the other members at least two (2) days before the meeting. The invitation shall include at least the date, time and items on the agenda. The Remuneration and Nomination Committee may also meet by teleconference. 2.2.5 Decisions of the Committee shall be taken by an absolute majority of its members. In case of a tie, the vote of its Chairman shall prevail. 2.2.6 The discussions and decisions of the Committee are recorded in the minutes with the care of the Corporate Secretary, are signed by the members present and are at the disposal of the members of the Committee and the Board of Directors. 2.2.7 It is noted that the Committee may use any resources it deems appropriate, for the fulfillment of its purposes, including services by external consultants. In case of hiring an external consultant, the Committee is responsible for monitoring its work. 2.3 Responsibilities of Remuneration and Nomination Committee 2.3.1 In the context of compliance with the provisions of article 11 of law 4706/2020, the Committee on Remuneration and Nomination Committee: (a) periodically reviews and formulates proposals to the Board of Directors regarding the Remuneration Policy submitted for approval to the General Meeting, in accordance with paragraph 2 of article 110 of Law 4548/2018, (b) makes proposals to the Board of Directors regarding the remuneration of persons falling within the scope of the approved Remuneration Policy of the Company; (c) reviews the information contained in the final draft of the Annual Remuneration Report, and provide its opinion to the Board of Directors, prior the submission of the Report to the General Meeting; (d) examines and submits proposals to the Board of Directors regarding the plans for granting options or granting shares to the members of the Board of Directors and the staff of the Company, as well as to the companies affiliated to it; (e) submits proposed performance targets for any variable remuneration of the members of the Board of Directors or goals associated with options for the granting of options or shares; (f) ensures and monitors the process of assessing the extent to which the performance criteria of persons falling within the scope of the approved Remuneration Policy are met; (g) makes proposals regarding the remuneration of the Company's executives and in particular of the head of the internal control unit; (h) submits proposals to the Board of Directors for any remuneration related business policy. 2.3.2 In the context of compliance with the provisions of article 12 of law 4706/2020, the duties of the Remuneration and Nomination Committee include the following: (a) the care, with the support of the Corporate Secretary, for posting on the Company's website and maintaining an up-to-date CV of each member of the Board of Directors throughout his/her term of office; st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 81

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (b) ensuring that the work of the Committee is reported, as well as the number of meetings in the Company's annual Corporate Governance Statement; (c) the annual assessment of the size, composition, independence criteria, balance of knowledge and skills of the existing Board of Directors, in accordance with the Company's Suitability Policy; (d) the submission of proposals on the content of the Suitability Policy, the training policy of the members of the Board of Directors and the Recruitment and Evaluation Procedures of senior executives of the Company; (e) the care for the communication of the respective position of a member of the Board of Directors to cover, planning, implementation and monitoring of the process of nomination of members of the Board of Directors; (f) taking care of the evaluation of the candidates based on the Suitability Policy and the recommendation to the Board of Directors of the candidate members of the Board of Directors; (g) the coordination of the periodic self-evaluation of the members of the Board of Directors and of its Committees (collective), of the Chairman and the Chief Executive Officer (individual); (h) timely information and submission of proposals to the Board of Directors regarding the succession plan for the members of the Board of Directors; (i) the assignment and monitoring of the work of external consultants which it may designate for the fulfillment of its purpose; (j) the care for the formation of the training program of the members of the Board of Directors, at the beginning and during their term of office, in accordance with the Training Policy followed by the Company. 2.4 Number of meetings of Remuneration and Nomination Committee During the financial year 2025, the Remuneration and Nomination Committee met five (5) times with all members being present, and all decisions were taken unanimously. Composition of the Remuneration and Nomination Remuneration and Capacity Committee Meetings in 2025 Nomination Committee Chairman of the Remuneration and Aliki Benroubi 5 Nomination Committee Member of the Remuneration and Georgios Ginosatis 5 Nomination Committee Member of the Remuneration and Ioannis Papamichalis 5 Nomination Committee 2.5 Proceedings of the Remuneration and Nomination Committee (a) examined and evaluated in terms of adequacy, proportionality and suitability, the level of remuneration of all members of the Board of Directors which were approved by the Annual Ordinary General Meeting of shareholders of June 20, 2025 on the one hand for the fiscal year st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 82

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2024 and for the fiscal year 2025, in order to determine whether the remuneration paid is commensurate with the duties, the degree of employment, the range of powers, the responsibilities and the performance of such persons as well as to whether they are in line with the prevailing financial conditions and the wider financial environment in which the Company develops its operation and activity, in order to avoid phenomena of payment of exorbitant fees and the consequent Exposure of the Company to excessive risks, (b) provided the necessary assistance for the preparation of the Remuneration Report of the members of the Board of Directors and other persons falling within the scope of the Remuneration Policy for the closing year 20245, in order for its content to fully comply with both the provisions of Article 112 of Law 4548/2018 as well as with the 01.03.2019 Guidelines of the European Commission regarding the standard presentation of the Remuneration Report in accordance with Directive 2007/36/EC, as amended by Directive (EU) 2017/828 for shareholders' rights. (c) reviewed and re-assessed the appropriateness and effectiveness of the Operating Regulation, with the aim of identifying any proper, necessary, and imperative revisions or amendments in order to ensure the orderly and smooth operation. (d) examined and ascertained the fulfillment by the BoD’s Independent Non-Executive Members of the independence criteria and conditions, in accordance with the provisions of article 9, paragraph 1 and 2 of Law 4706/2020, as applicable. (e) examined and evaluated the suitability, on individual and collective basis, of the members of the Board of Directors of the Company. (f) suggested and submitted proposals regarding the established share allocation plan toward the members of the Board of Directors, the management executives and the Company's personnel in general, in the form of a stock option plan. III. Corporate Announcements and Shareholder Services Unit The Company, being listed on a regulated stock market, according to the requirements of articles 19 and 20 of Law 4706/2020 possesses and operates Corporate Announcements and Shareholder Services Unit, which: (a) makes the necessary and required announcements in relation to regulated information in accordance with the provisions of Law 3556/2007 as applicable during the publication time of the present Report, as well as in relation to corporate events in accordance with the provisions of Law 4548/2018. The Company proceeds as per above in order to inform accordingly the shareholders or beneficiaries of other securities of the Company. (b) is responsible for the Company's compliance with the obligations provided in article 17 of Regulation (EU) 596/2014, regarding the disclosure of privileged information, and in other applicable provisions, (c) has the responsibility of maintaining and updating the Company's share registry and is charged with the provision of immediate, accurate and equal information towards the shareholders and especially with the provision of support to shareholders regarding the exercise of their rights, in accordance with the applicable legislation and the Company's Articles of Association. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 83

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The publication of the relevant information is always performed in a way that ensures the speedy and equal access of the shareholders and the investment community in general to all available information, both financial and non-financial. PART C – GENERAL MEETING Ι. The General Meeting 1.1 Introduction The General Meeting of Shareholders is the supreme body of the Company and is entitled to decide on each corporate case. Its decisions also bind the absent or dissenting shareholders. 1.2 Exclusive competence of the General Meeting 1.2.1 According to article 30 par. 1 of the current Articles of Association, the General Meeting is exclusively competent to decide on: (a) amendments to the Articles of Association (amendments are also considered the increases regular or extraordinary, as well as reductions in share capital); (b) the election of members of the Board of Directors and Auditors; (c) the approval of the overall management according to article 108 of law 4548/2018 and the discharge of the Auditors; (d) the approval of the annual and consolidated financial statements; (e) the distribution of annual profits; (f) the approval of remuneration or advance payment of remuneration according to article 109 of law 4548/2018, (g) the approval of the remuneration policy of article 110 and the remuneration report of article 112 of law 4548/2018, (h) the merger, division, conversion, revival, extension or termination of the Company; and (i) the appointment of liquidators. 1.2.2 They do not fall under the provisions of the previous paragraph: (a) capital increases or capital adjustment acts expressly assigned by law to the Board of Directors, as well as increases imposed by provisions of other laws; (b) the amendment or adaptation of provisions of the Articles of Association by the Board of Directors in the cases expressly provided by law; (c) the appointment by the Articles of Association of the first Board of Directors, (d) the election in accordance with the Articles of Association of directors to replace those who have resigned, died or lost their status in any other way; (e) the absorption under Articles 35 and 36 of Law 4601/2019 of a societe anonyme company by another societe anonyme company that holds one hundred percent (100%) or ninety percent (90%) or more of its shares, (f) the possibility of distributing temporary dividends according to paragraphs 1 and 2 of article 162 of law 4548/2018 and st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 84

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (g) the possibility of distribution according to paragraph 3 of article 162 of law 4548/2018 profits or optional reserves in the current corporate year by decision of the Board of Directors, subject to publication. 1.3 Convening a General Meeting 1.3.1 The General Meeting of Shareholders is convened by the Board of Directors and meets at the headquarters of the Company or in the region of another Municipality within the region of headquarters, at least once every corporate year no later than the tenth (10th) calendar day of the ninth month after the end of corporate use. The General Meeting may also convene in the region of the Municipality where the headquarters of the Athens Stock Exchange are located. 1.3.2 The General Meeting meets extraordinarily whenever the Board of Directors deems it necessary or if requested by shareholders representing the percentage required by law and the Company's Articles of Association. 1.3.3 The procedures and rules of convening, participation and decision-making by the General Meeting are regulated in detail by the provisions of Law 4548/2018 and the Articles of Association of the Company. 1.3.4 From the procedures, forecasts and general arrangements mentioned below, it is clear that the Company's corporate governance system includes adequate and effective mechanisms for communicating with shareholders, in order to facilitate the exercise of their rights and the active dialogue with them (shareholder engagement), which is also confirmed by the relevant evaluation of the Corporate Governance System which took place and was completed on 30/3/2026 with a reporting date of 31.12.2025. 1.3.5 The Board of Directors ensures that the preparation and conduct of the General Meeting facilitates the effective exercise of the rights of the shareholders, who are informed about all issues related to their participation in the General Meeting, including the items on the agenda and their rights during the General Meeting. In particular, in accordance with the provisions of Law 4548/2018, the Company posts on its website at least twenty (20) days before the General Meeting, in both Greek and English: • the invitation to convene the General Meeting, • the total number of shares and voting rights that the shares incorporate at the date of the invitation, • the forms to be used for voting by proxy or representative or, where applicable, for electronic voting, • the documents to be submitted to the General Meeting, • a draft decision on each item on the proposed agenda or, if no decision has been proposed for approval, a comment from the Board of Directors, and • the draft decisions proposed by the shareholders, in accordance with paragraph 3 of article 141 of law 4548/2018, immediately after their receipt by the Company. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 85

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1.4 Participation in the General Meeting 1.4.1 In the General Meeting is entitled to participate and vote the natural or legal person who has the shareholder status at the beginning of the fifth (5th) day before the date of the General Meeting ("registration date"). Each share provides the right to one (1) vote. 1.4.2 For the Company is considered as a shareholder who is entitled to participate in the General Meeting and to exercise the right to vote the one that is registered at the date of registration in the Dematerialized Securities System (DSS) of the Societe Anonyme with the name "Greek Central Securities Depository SA" (GCSD) or the one identified as such based on the relevant date through the registered mediators or other intermediaries in accordance with the provisions of the legislation (Law 4548/2018, Law 4569/2018, Law 4706/2020 and Regulation (EU) 2018/1212) as well as the Operating Regulation of the Greek Central Securities Depository S.A. (in accordance with article 3 of Law 4569/2018 (Government Gazette A/179/11.10.2018), the decision of the Board of Directors of the "Greek Central Securities Depository SA" dated on 25.09.2023 and the approval decision of the Hellenic Capital Market Commission no. 1000/31.10.2023 (Government Gazette B/6249/31.10.2023). 1.4.3 The proof of shareholder status is made by any legal means and in any case based on information received by the Company or a certificate or other form of certification from the Central Securities Depository or from the respective market infrastructure or through the participating and registered intermediaries in the Central Securities Depository in any other case. 1.4.4 The exercise of the participation and voting rights does not presuppose the commitment of the beneficiary's shares or the observance of another similar procedure, which limits the possibility of selling and transferring them during the period between the registration date and the date of the General Meeting. 1.4.5 The recording date is also valid in case of postponement or repeated meeting, provided that the postponed or repeated meeting is not set at more than thirty (30) days from the recording date. If this does not happen or if in the case of the repeated General Meeting a new invitation is published, in accordance with the provisions of article 130 of Law 4548/2018), at the General Meeting participates the person who has the shareholder status at the beginning of the third (3rd) the day before the day of the postponement or the repeated General Meeting. 1.4.6 In article 25 par. 1 of the Company's Articles of Association has been provided the possibility of participation of the shareholders in the General Meeting from a distance in real time by audiovisual or other electronic means, without the physical presence of the shareholders at the venue. The shareholders who participate in the General Meeting through real-time teleconference, are taken into account for the formation of the quorum and the majority and can effectively exercise their rights during the General Meeting. Thus the shareholders have the possibility: (a) to monitor by electronic or audiovisual means the conduct of the General Meeting; st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 86

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (b) to speak and address to the General Meeting orally during the General Meeting; (c) to vote in real time during the General Meeting on the items on the agenda; and (d) receive information on the registration of their vote. 1.5 Representation in the General Meeting 1.5.1 The shareholder participates in the General Meeting and votes either in person or through representatives. Each shareholder can appoint up to three (3) representatives. Legal entities participate in the General Assembly by appointing as their representatives up to three (3) natural persons. However, if the shareholder holds shares of the Company, which appear in more than one securities account, this restriction does not prevent that shareholder from appointing different representatives for the shares appearing in each securities account in relation to the General Meeting. A representative acting for more than one shareholder may vote differently for each shareholder. 1.5.2 The shareholder representative is obliged to notify the Company, before the beginning of the General Meeting, of any specific event that may be useful to the shareholders in assessing the risk that the agent will serve interests other than the interests of the represented shareholder. For the purposes of this paragraph, a conflict of interest may arise in particular when the agent: (a) is a shareholder who exercises control of the Company or is another legal person or entity controlled by that shareholder; (b) is a member of the Board of Directors or in general of the management of the Company or a shareholder who exercises control of the Company, or of another legal entity or entity controlled by a shareholder who exercises control of the Company; (c) is an employee or auditor of the Company or shareholder exercising control of the Company, or of another legal person or entity controlled by a shareholder exercising control of the Company; (d) is a spouse or first-degree relative of one of the natural persons referred to in (a) to (c) above. 1.5.3 The appointment and revocation or replacement of the shareholder's proxy or representative is made in writing or electronically and is submitted to the Company at least forty eight (48) hours before the scheduled date of the General Meeting. 1.6 Quorum and majority of the General Meeting 1.6.1 According to the law and the Articles of Association of the Company, the General Meeting is in quorum and meets validly on the issues of the agenda, when shareholders are present or representing to it shareholders representing at least one fifth (1/5) of the paid-up capital. 1.6.2 If this quorum is not reached, the General Meeting convenes again within twenty (20) days from the date of the canceled meeting, following an invitation at least ten (10) days in full. At this repeating meeting the General Meeting is in quorum and meets validly on the issues of the initial agenda, whatever the part of the paid-up capital represented in it. A newer invitation is not required if the original invitation had already specified the place and time of the repeating meeting, provided that there is at least five (5) days between the canceled meeting and the repeating meeting. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 87

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1.6.3 The decisions of the General Meeting are taken by an absolute majority of the votes represented in it. 1.6.4 Exceptionally for decisions concerning: (a) the change of the Company's nationality; (b) the change in the objective of this Company; (c) the increase of shareholders' liabilities; (d) the regular increase of capital, unless required by law or by capitalization of reserves; (e) the reduction of the capital, unless it is done, in accordance with paragraph 5 of article 21 or paragraph 6 of article 49 of law 4548/2018, as in force, (f) changing the way profits are distributed; (g) the merger, division, conversion, revival of the Company; (h) the extension of the duration or dissolution of the Company, (i) the provision or renewal of authority to the Board of Directors to increase the capital, in accordance with paragraph 1 of article 24 of law 4548/2018, as in force, as well as (j) any other case provided by law that the General Meeting decides by an increased quorum and majority; The General Meeting is in quorum and meets validly on the issues of the agenda when shareholders present or represented to it half (1/2) of the paid-up capital. 1.6.5 If the above quorum is not reached, the General Meeting convenes again within twenty (20) days from the date of the canceled meeting, after an invitation of at least ten (10) full days. At this repeating meeting, the General Meeting is in quorum and meets validly on the issues of the initial agenda, when shareholders present or representing at least one fifth (1/5) of the paid-up capital. A newer invitation is not required if the original invitation had already specified the place and time of the repeating meeting provided that there are at least five (5) days between the canceled meeting and the repeating meeting. 1.6.6 The decisions of the General meeting, in the cases of the previous paragraph are taken by a majority of two thirds (2/3) of the votes represented in the Meeting. 1.7 Minority shareholders’ rights The shareholders of the Company have, among other things, the rights that are provided in paragraphs 1, 2, 3, 5, 6 and 7 of article 141 of law 4548/2018: In particular: (a) At the request of shareholders, representing one twentieth (1/20) of the paid-up capital, the Board of Directors is obliged to convene an Extraordinary General Meeting of shareholders, setting a day of its meeting, which should not be more than forty five (45) days from the date of service of the application to the Chairman of the Board. The application contains the subject of the agenda. If a General Meeting is not convened by the Board of Directors within twenty (20) days from the submission of the relevant application, the convening is carried out by the requesting shareholders at the expense of the Company, by court decision, issued during the interlocutory proceedings. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 88

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY This decision defines the place and time of the meeting, as well as the agenda. The decision is not challenged by legal means. (b) At the request of shareholders, representing one twentieth (1/20) of the paid-up capital, the Board of Directors is obliged to include in the agenda of the General Meeting, which has already been convened, additional issues, if the relevant application reaches the Board of Directors fifteen (15) at least days before the General Meeting. The additional issues must be published or announced, under the responsibility of the Board of Directors, according to article 122 of law 4548/2018, at least seven (7) days before the General Meeting. The request for inclusion of additional items on the agenda is accompanied by a justification or a draft decision for approval at the General Meeting and the revised agenda is made public in the same way as the previous agenda, thirteen (13) days before the date of the General Meeting and at the same time is made available to the shareholders on the Company's website, together with the justification or the draft decision submitted by the shareholders according to the provisions of paragraph 4 of article 123 of law 4548/2018. (c) Shareholders representing one twentieth (1/20) of the paid-up capital have the right to submit draft decisions on issues included in the initial or any revised agenda of the General Meeting. The relevant application must be submitted to the Board of Directors at least seven (7) days before the date of the General Meeting, and the draft decisions are made available to the shareholders as defined in paragraph 3 of article 123 of law 4548/2018, six ( 6) at least days before the date of the General Meeting. The Board of Directors is not obliged to register items on the agenda or to publish or disclose them along with justification and draft decisions submitted by shareholders, in accordance with paragraphs 2 and 3 of article 141 of law 4548/2018, if their content is obviously contrary to law or good morals. (d) At the request of a shareholder or shareholders representing one twentieth (1/20) of the paid- up capital, the Chairman of the General Meeting is obliged to postpone once only the decision of the General Meeting, Ordinary or Extraordinary, on all or certain issues, setting a day of continuation of the meeting, the one defined in the request of the shareholders, which, however, may not be more than twenty (20) days from the date of postponement. The postponed General Meeting is a continuation of the previous one and there is no need to repeat the formalities of publishing the shareholders' invitation. New shareholders can also participate in this General Meeting, observing the relevant participation formalities and the provisions of paragraph 6 of article 124 of law 4548/2018 apply. (e) At the request of any shareholder, submitted to the Company at least five (5) full days before the General Meeting, the Board of Directors is obliged to provide the General Meeting with the requested specific information about the Company's affairs, insofar as these are related to the items on the agenda. There is no obligation to provide information when the relevant information is already available on the Company's website, in particular in the form of questions and answers. Also, at the request of shareholders, representing one twentieth (1/20) of the paid-up capital, the Board of Directors is obliged to announce to the General Meeting, if it is Ordinary, the amounts paid, during the last two years, to each member of the Board of Directors or the directors of the Company, as well as any provision in benefits to these persons for any reason or contract of the Company with them. In all the above cases, the Board of Directors may refuse to provide the information for a substantial reason, which is recorded in the minutes. Such a reason may be, in st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 89

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY the circumstances, the representation of the requesting shareholders in the Board of Directors, in accordance with articles 79 or 80 of law 4548/2018. In the cases of this paragraph, the Board of Directors may respond uniformly to shareholders' requests with the same content. (f) At the request of shareholders, representing one tenth (1/10) of the paid-up capital which is submitted to the Company at least five (5) full days before the General Meeting, the Board of Directors is obliged to provide the General Meeting with information on the course of corporate affairs and the assets of the Company. The Board of Directors may refuse to provide the information for a substantial reason, which is recorded in the minutes. Such a reason may be, in the circumstances, the representation of the requesting shareholders in the Board of Directors in accordance with articles 79 or 80 of Law 4548/2018, provided that the respective members of the Board of Directors have received the relevant information in a sufficient manner. (g) At the request of shareholders, representing one twentieth (1/20) of the paid-up capital, voting on an item or items on the agenda shall be by open ballot. 1.8 Other rights of shareholders In addition to the right to participate and vote in the General Meeting, the Company's shareholders have the following rights, in accordance with the current Articles of Association and the provisions of Law 4548/218: (a) dividend right The minimum dividend is set at a rate of thirty-five percent (35%) of the net profit, after deducting the ordinary reserve and the other credit accounts of the income statement, which do not derive from the realized profit. By decision of the General Meeting taken with an increased quorum and majority, the above percentage can be reduced, but not be set below ten percent (10%). Non- distribution of the minimum dividend is permitted only by decision of the General Meeting of shareholders, taken with the increased quorum of paragraphs 3 and 4 of article 130 of Law 4548/2018 and via a majority of eighty percent (80%) of the share capital represented at the General Meeting. The amount to be distributed is paid to the shareholders within two (2) months from the decision of the Ordinary General Meeting of shareholders that approved the annual financial statements and the dividend distribution. The date and method of dividend payment is stated through relevant announcements on the Company's website and on the respective platform of the Athens Exchange. According to Greek legislation, dividends that are not being collected by their beneficiaries for a period of five (5) years from the date on which they became claimable are time-elapsed and the relevant amounts are transferred on definite basis to the Greek State. (b) right to information Ten (10) days before the Ordinary General Meeting, the Company is obliged to post on its website the annual Financial Statements, as well as the relevant Reports of the Board of Directors and the Auditors. (c) pre-emptive right In the event of a share capital increase that is not being made by a contribution in kind or through the issuance of bonds convertible into shares, a pre-emptive right is granted for the entire new capital or bond loan towards the existing shareholders at the time of issuance, on a basis that is proportional with their participation in the existing share capital of the company. (d) right to participate in the liquidation proceeds st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 90

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY PART D – INTERNAL COTROL AND RISK MANAGEMENT SYSTEM Ι. Internal Control 1.1 As Internal Control System (ICS) is defined all the internal control mechanisms and procedures, including risk management, internal control and regulatory compliance, which continuously covers every activity of the Company and of its significant subsidiaries and contributes to its safe and efficient operation. 1.2 The Internal Control System aims at: • the consistent implementation of the business strategy of the Company and of its significant subsidiaries through the effective utilization of all available resources, • the recognition and management of the essential risks related to the business activity and operation of the Company and of its significant subsidiaries, • the efficient operation of the Internal Control Department, • to ensure the completeness and reliability of the data and information required for the accurate and timely determination of the financial position of the Company and the preparation of reliable financial statements, • in compliance with the current legislative and regulatory framework in general, as well as the internal regulations governing the operation of the Group. 1.3 The internal control unit: a) Monitors, controls and evaluates: aa) the application of the operating regulation and the internal control system, in particular with regard to the adequacy and accuracy of the provided financial and non-financial information, risk management, regulatory compliance and the corporate governance code adopted by the Company, ab) quality assurance mechanisms, ac) the mechanisms of corporate governance, and ad) the observance of the commitments contained in prospectuses and the Company's business plans regarding the utilization of funds raised from the regulated market. b) Draws up reports towards the audited units with findings regarding the section a), about the risks arising from those areas and with proposals for improvement, if any. These reports, after incorporating the relevant opinions from the audited units, the agreed actions, if any, or the acceptance of the risk of not taking any counter action, the limitations in the scope of control, if any, the final internal proposals for audit and the response of the Company's audited units to the above proposals, are submitted quarterly to the audit committee. c) Submits at least every three (3) months to the audit committee reports which include the most important issues and the relevant proposals, regarding the duties of sections a) and b) hereof. The st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 91

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY audit committee presents and submits those reports along with relevant comments to the Board of Directors. Additionally, periodic evaluation of the Internal Control System is carried out every three (3) years by an independent and objective evaluator, according to the more specific provisions of the decision of the Board of Directors of the Hellenic Capital Market Commission with number 1/891/ 30.09.2020, as it is in effect following its amendment by the decision of its Board of Directors numbered 2/917/17.06.2021 (Government Gazette B΄ 3040/2021). The latter determines the time, procedure, frequency and any other specific issues required for the evaluation of the Internal Control System as well as the characteristics of persons that should be involved in this process. 1.4 The head of the Internal Control Unit: (a) is appointed by the Board of Directors of the Company, following a proposal of the Audit Committee, (b) is a full-time and exclusive-employment employee, personally and functionally independent and objective in the performance of his duties; (c) possesses the appropriate knowledge and relevant professional experience. (d) reports administratively to the Chief Executive Officer and operationally to the Audit Committee. (e) may not be appointed as head of the Internal Control Unit, member of the Board of Directors or member with voting rights in Committees of a permanent nature of the Company and has close ties with anyone who holds one of the above properties in the Company or in a company of the Group. Furthermore, the number of internal auditors of the Internal Control Unit must be proportional to the size of the Company, the nature, scale, scope and complexity of the Company's activities, the number of its employees, its geographical points of activity, number of its operating and executive units as well as audited entities in general. Mr. Stavros Meggoulis performs the duties of head of the Company's Internal Control Unit. 1.5 The head of the Internal Control Unit: (a) attends the General Meetings of shareholders; (b) provides in writing any information requested by the Hellenic Capital Market Commission, cooperate with it and facilitate in every possible way the task of monitoring, control and supervision by the competent Supervisory Authority; (c) submits to the Audit Committee an annual audit program and the requirements of the necessary resources, as well as the effects of the resource constraint or the audit work of the Unit in general. The annual audit program is prepared based on the risk assessment of the Company, after taking into account the opinion of the Audit Committee. (d) has free and unhindered access to any organizational unit of the Company and is aware of any data, file and information required for the effective and efficient performance of duties. 1.6 The Internal Control Unit has an Operating Regulation, which was prepared in accordance with the provisions of articles 15 and 16 of Law 4706/2020 (Government Gazette A 136/17.07.2020), as st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 92

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY in force, was approved and entered into force by 15.07. 2021 decision of the Board of Directors of the Company following a proposal of the Audit Committee and defines the principles and the basic operating framework of the Unit, determines the fundamental principles and rules that the Internal Auditors must follow in the performance of their duties, describes the responsibilities, the duties and obligations of the Unit. 1.7 The executives of the Internal Control Unit must comply with: (a) the International Professional Practices Framework; (b) the International Standards for the Professional Application of Internal Audit (IIA Standards); (c) the Code of Ethics (IIA Code of Ethics); (d) the applicable legislative and regulatory framework in general; (e) the Internal Operating Regulation of the Company. 1.8 The executives of the Internal Control Unit in the performance of their duties must apply the following principles: (a) integrity (demonstration of honesty, diligence, consistency and responsibility in the performance of their duties, compliance with the legal and regulatory framework and internal procedures of the Company), (b) objectivity (demonstration of the greatest possible impartiality in the collection, evaluation and communication of information related to the audits carried out, non-acceptance of gifts that may affect their professional judgment, immediate disclosure of any event that could be considered contrary to their independence), (c) Confidentiality (respect and management of the information obtained in the performance of their duties with due diligence, avoidance of the use of such information for personal gain or in a manner harmful to the Company, taking appropriate measures to protect this information), (d) Adequacy of skills (possession of knowledge, skills and experience required to provide internal control services, continuous improvement of the adequacy, efficiency and effectiveness of their services, exercise of appropriate professional judgment). Results of the evaluation process of the Internal Control System (ICS) of FLEXOPACK S.A. for the period 01-01-2023 to 31-12-2025, in accordance with article 14, paragraph 3 case j and paragraph 4 of Law 4706/2020 as currently in effect and the relevant Decisions of the Board of Directors of the Hellenic Capital Market Commission. The Company, by decision no. 775A of its Board of Directors, assigned to Ernst & Young (Hellas) Certified Auditors Societe Anonyme the project "Provision of Internal Control System Assessment Services", with the aim of evaluating the adequacy and effectiveness of the Internal Control System ("ICS") of Flexopack S.A. and its most significant subsidiaries, Flexopack Polska Sp. Z.o.o. and Flexopack Pty Ltd for the period 01.01.2023 - 31.12.2025, with a reporting date as of 31 December 2025, in accordance with the provisions of section i of paragraph 3 and paragraph 4 of article 14 of Law 4706/2020 and the decisions 1/891/30.09.2020 and 2/917/17.06.2021 of the Board of Directors of the Hellenic Capital Market Commission, as applicable (the "Regulatory Framework"). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 93

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The above evaluation of the adequacy and effectiveness of the Internal Control System was successfully completed in March 2026 and covered the following subjects: the Control Environment, Risk Management, Control Mechanisms and Safety Controls, the Information and Communication System as well as the Monitoring of the Internal Control System of the Company and its most significant subsidiaries. A limited assurance report was prepared in accordance with the audit plan included in the decision of the Accounting and Auditing Standards Oversight Board (ELTE) with number 278/16.01.2026 and the International Standard on Assurance Engagements 3000 (Revised) "Assurance Engagements Other than Audits or Reviews of Historical Financial Information". The Conclusion of the Report of the Independent Evaluator, namely Ms. Kyriaki Katsani, Certified Public Accountant with SOEL Registration Number: 44231 and Partner of ERNST & YOUNG (HELLAS) CHARTERED AUDITORS ACCOUNTANTS S.A., which meets the requirements of independence and objectivity provided for in the applicable regulatory framework, which is included in the final evaluation report of the adequacy and effectiveness of the Internal Control System (ICS) dated 30/03/2026, is articulated as follows: From the conducted work and the evidence obtained regarding the assessment of the adequacy and effectiveness of the Internal Control System of the Company and its most significant subsidiaries, no weaknesses were identified that could be deemed material weaknesses in the Company's ICS according to the Regulatory Framework. The Company will submit the relevant summary report for the evaluation of the Internal Control System (ICS) to the Hellenic Capital Market Commission within the prescribed deadline, in accordance with the relevant provisions. ΙΙ. Risk Management 1.1 The Company has established and implements a Risk Management Policy and Procedure, which aims at the timely and effective treatment of risks that may have a negative impact on the achievement of its objectives. Risk Management is a systematic process that aims at the timely and effective identification, analysis, control, management and monitoring of any type of risk involved in the operation of the Company. The steps to follow in the annual Risk Management process are as follows: • Preparation of Risk Profile Revision Proposals • Submission of Risk Profile Revision Proposals • Conducting Risk Management Group Meetings • Approval of Risk Profiles and Action Plan • Monitoring of Action Plan - Reports. The Board of Directors of the Company has the overall responsibility of the risk management framework related to the operations and the achievement of the objectives of the Company. The Company’s Management takes the decisions related to the risk assessment, plans and applies the respective safety controls in relation to risks, also based on the level of risk acceptance. 1.2 The risk management system implemented by the Company is based on four axes: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 94

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • risk identification, • risk assessment, • risk management and • risk monitoring and reporting 1.2.1 Risk identification The risk identification initiates and takes into account the definition of the strategy and the individual business objectives of the Company. The key factors that can threaten the achievement of these goals are then identified. In this context, the Board of Directors of the Company determines the risk appetite and risk tolerance. The results of the risk identification process are recorded in the Company Risk Register, which is a comprehensive mapping of significant risks. 1.2.2 Risk assessment Each risk is initially assessed in terms of its inherent degree (inherent risk). The Risk Profile also includes the response to each risk, i.e. the existing actions of the Company in order to manage the respective risk. For each action (policy, procedure and safety valve) the Risk Owner is defined, while for each risk there is the possibility of defining more than one action. The Risk Owners, taking into account the overall actions in the Risk Response, assess the level of residual risk that may remain after the risk management actions. 1.2.3 Risk management In cases where the residual risk is greater than the risk tolerance available by the Company, additional required actions are determined in order to effectively manage the risks. These actions constitute the Action Plan for the desired response to the risk through the improvement of the safety valves and in general of the Internal Control System of the Company. The Risk Profile as well as the Action Plan are approved by the Chief Executive Officer (CEO) and submitted to the Board of Directors. 1.2.4 Risk monitoring and reporting Risk Owners have the primary responsibility to oversee the effective operation of the individual defined actions and to inform the response actions to each risk with any possible changes. The Head of Risk Management supports the organization and the effective performance of the process and is also responsible for coordinating the work required for the Risk Identification and Assessment Process. 1.3 During the process of drawing up the Company's financial statements, specific safeguards exist and are also being applied, with regard to the use of commonly accepted, based on international practices, tools and methodologies. The main safeguards related to the preparation of the Company's financial statements and reports are the following: 🗸 appropriate staffing of the financial services unit with people who have adequate theoretical training and experience to carry out the responsibilities assigned to them, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 95

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 🗸 assignment of responsibilities and authorizations to both the top and middle level managers of the Company, while preserving the required segregation of responsibilities, 🗸 adoption of consistent policies and methods in monitoring the Accounting departments of all Group companies, which contain definitions, accounting principles and instructions for the preparation of financial statements and other reports, 🗸 conducting audits and verifications between the various information systems, 🗸 existence of transaction approval limits, 🗸 existence of approval levels for carrying out specific transactions or actions (e.g. payments, collections, legal transactions, etc.), 🗸 carrying out accounting and other entries based on the necessary documents, 🗸 carrying out inventory measurement processes in relation to raw materials, semi-finished and finished products and of other inventory on a systematic basis, according to explicit and clearly written instructions, 🗸 carrying out reconciliations of customer, supplier, loan and bank account balances to ensure the correct representation of the Company's assets and liabilities, 🗸 performing comparisons between actual, historical and budgeted income and expenditure accounts with sufficient detailed explanation of any significant discrepancies, 🗸 development, upgrading and maintenance of advanced IT infrastructure that ensures the correct and accurate depiction of financial figures and data, 🗸 securing the Company's information systems through the existence of procedures for keeping backup files, protection mechanism against viruses, external interventions and malicious actions, 🗸 ensuring access to email accounts. Through all the above procedures and mechanisms, an attempt is being made to limit and minimize the risks associated with the preparation of reliable and accurate financial statements. The actions of the Internal Audit (or Control) Unit (IAU) during the fiscal year 2025 are summarized below: • The Internal Audit Unit submitted to the Audit Committee the Annual Activity Report for the year 2024, expressing its audit opinion on the Company's Internal Audit System, taking into account the results of the audit it had conducted. • It submitted for approval to the Committee the Annual Internal Audit Plan for 2025, which was prepared based on the Company's risk assessment and includes the audit areas in which an audit will be conducted during the fiscal year. The annual plan includes the estimated budget as well as the available man-hours of the IAU. The annual plan is subject to revisions, if deemed necessary during the fiscal year. • The annual assessment of the Internal Audit Unit by the Audit Committee for the year 2024 was completed in January 2025. • The Internal Audit Unit submitted and presented to the Committee quarterly reports, which present in detail the audits the Unit had conducted, the findings that emerged from those audits, as well as its proposals (corrective actions) regarding the findings. The most important st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 96

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY findings of the internal audit, as well as the method of monitoring them, were accordingly discussed with the Committee. • It also submitted to the Audit Committee the annual training program of the Internal Audit Unit for the fiscal year 2026. • In the context of the continuous evaluation of the Internal Audit System (IAS), with reporting period from 1/1/2023 to 31/12/2025, which is being conducted by an independent evaluator, it is noted that the Internal Audit Unit is closely collaborating with the evaluator, providing all the necessary material and information for conducting the respective assessment. PART Ε΄ - CORPORATE GOVERNANCE SYSTEM 1.1 The Company, in compliance with the article 13 of Law 4706/2020, has adopted and is applying since the enactment of the particular law a Corporate Governance System (CGS) in accordance with the provisions of articles 1 to 24 of the above law, taking into consideration the size, nature, scope and complexity of its business activities. 1.2 The Corporate Governance System in detail consists of: a) Internal Control System (ICS) which encompasses and includes the risk management and regulatory compliance system, as analyzed above. b) Procedures for the prevention, detection and suppression of cases of conflict of interest in accordance with the detailed definitions in section 4.9.3, I, (c) of Part A of the present. c) Communication mechanisms with the shareholders in order to facilitate the exercise of their rights and cultivate an active dialogue (Shareholder engagement), and finally d) Remuneration policy, which contributes to the business strategy, serves the long-term interests and facilitates the sustainability of the Company. Results of the assessment process of the Company's Corporate Governance System (CGS) 1.3 According to article 4, paragraph 1 of Law 4706/2020 as currently in effect, “The Board of Directors shall define and supervise the implementation of the Corporate Governance System of provisions 1 to 24, monitor and evaluate periodically every three (3) financial years at least its implementation and effectiveness, taking appropriate action to address deficiencies”. Furthermore, according to letter no. 434/24.02.2025 of the Hellenic Capital Market Commission, part of the overall assessment of the Corporate Governance System (CGS) concerns, in accordance with article 13 of Law 4706/2020, the assessment of the Internal Audit System (IAS). The two assessments (of CGS and IAS) should be conducted for the same reporting date and period and their aggregate results will be integrated each time into the Corporate Governance Statement. 1.4 The Company, by decision of its Board of Directors, in full, effective and proper compliance with the current legislative and regulatory framework, assigned the project called "Provision of Corporate Governance System Evaluation Services" to the firm "ERNST & YOUNG (HELLAS) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 97

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHARTERED AUDITORS ACCOUNTANTS S.A.". The assignment concerned the assessment of the adequacy and effectiveness of the Company's Corporate Governance System (CGS) with a reporting date as of 31/12/2025 in accordance with the current legislative and regulatory framework (article 4 of Law 4706/2020). 1.5 The procedure planned and executed by EY (ERNST & YOUNG) audit team, regarding the assessment of the implementation and effectiveness of the CGS, covered exclusively the limited assurance procedures provided by Decision No. I' 73/08b/14-02-2024 of the Supervisory Board of SOEL (the "Program"), as this was formulated for the purpose of assessing the implementation and effectiveness of the Company's CGS. The aforementioned evaluation of the Corporate Governance System was successfully completed in March 2026, with the relevant objective of the process being the following: a) the adequacy and effectiveness of the Internal Control System including the risk management and regulatory compliance systems. b) the adequacy and effectiveness of the procedures for the prevention, detection and suppression of cases of conflict of interest. c) the adequacy and effectiveness of communication mechanisms with shareholders, in order to facilitate the exercise of their rights and the active dialogue with these parties (shareholder engagement). d) the remuneration policy which contributes to the business strategy, the long-term interests of the Company as well as its sustainability. e) the degree of compliance of the Company with the Greek Corporate Governance Code (GCGC) of the Hellenic Corporate Governance Council that the Company has adopted and applies. In this context, a limited assurance report was prepared in accordance with the International Standard on Assurance Engagements 3000 (Revised) “Assurance Engagements Other than Audits or Reviews of Historical Financial Information”, and was submitted to the Board of Directors, the results of which are set out below: Based on the work carried out by the evaluator regarding the assessment of the implementation and effectiveness of the Company's Corporate Governance System, no findings were identified that constitute material weaknesses within the Company's Corporate Governance System. PART F’ – ADDITIONAL INFORMATION 1.1 Introduction st The Article 10 par.1 of the EU Directive 2004/25/EC dated April 21 2004, relating to takeover bids, states the following as regards to companies whose total shares are listed on an regulated according to the terminology of Law 4548/2018 market: “1. Country members ensure that the companies mentioned in article 1 paragraph 1 disclose detailed information as regards to the following: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 98

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY a) their capital structure, including securities that are not listed on an organized market of a country- member and, according to the case, indication of different categories of shares with the rights and obligations linked to each share category and the percentage of the total share capital such represent; b) all the limitations on transfer of securities, such as limitations on the ownership of securities or the obligation to receive approval by the Company or other shareholders, with the reservation of article 46 of Directive 2001/34/EC; c) the significant direct or indirect holdings (including indirect holdings through pyramid structures or cross-holdings) according to the definition of article 85 of directive 2001/34/EC; d) the owners of any kind of securities that provide special control rights and the description of such rights. (e) the system of control of any employee share scheme where the control rights are not exercised directly by the employees; (f) any restrictions on voting rights, such as limitations of the voting rights of holders of a given percentage or number of votes, deadlines for exercising voting rights, or systems whereby, with the company's cooperation, the financial rights attaching to securities are separated from the holding of securities; (g) any agreements between shareholders which are known to the company and may result in restrictions on the transfer of securities and/or voting rights within the meaning of Directive 2001/34/EC; (h) the rules governing the appointment and replacement of board members and the amendment of the Articles of Association; (i) the powers of board members, and in particular the power to issue or buy back shares; (j) any significant agreements to which the company is a party and which take effect, alter or terminate upon a change of control of the company following a takeover bid, and the effects thereof, except where their nature is such that their disclosure would be seriously prejudicial to the company; this exception shall not apply where the company is specifically obliged to disclose such information on the basis of other legal requirements; (k) any agreements between the company and its board members or employees providing for compensation if they resign or are made redundant without valid reason or if their employment ceases because of a takeover bid.” 1.2 The above information is included in detail in Chapter 6 of the present Report. 1.3 As regards to items c, d, f, h and i of par. 1 of article 10, the Company states the following: • as regards to item c’: the important direct or indirect participations of the Company are the following: (a) FLEXOPACK POLSKA Sp.z.o.o, (subsidiary) in which the Company participates with a stake of 100% of shares and voting rights. (b) FLEXOPACK TRADE AND SERVICES DOO BEOGRAD, (subsidiary) in which the Company participates with a stake of 100% of shares and voting rights. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 99

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (c) FLEXOPACK INTERNATIONAL LIMITED, (subsidiary) in which the Company participates with a stake of 100% of shares and voting rights. (d) FLEXOPACK PTY LTD, (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (e) FLEXOPACK PROPERTIES PTY LTD: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (f) FLEXOPACK NZ LIMITED: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACKPTYLTD" (indirect participation), (g) FLEXOPACK TRADE AND SERVICES UK LIMITED: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (h) FLEXOPACK FRANCE: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (i) FLEXOPACK USA INC.: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (j) FLEXOPACK IRELAND LIMITED: (subsidiary), in which the Company participates with 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (k) "FLEXOPACK SPAIN SL": (subsidiary), in which the Company participates with a 100% through its subsidiary "FLEXOPACK INTERNATIONAL LIMITED" (indirect participation), (l) INOVA PLASTICS AEBE: (affiliate), in which the Company participates with 50% of the shares and voting rights, (m) VLACHOU BROS SA: (affiliate), in which the Company participates with a percentage of 47.71% of the shares and voting rights and (n) PROGRESSIVE PLASTICS LIMITED: (affiliate), in which the Company participates with 34% of the total shares and voting rights. Moreover, the significant direct or indirect holdings in the voting rights of the Company, according to the definition of provisions of articles 9 through 11 of l. 3556/2007, are the following: (a) Stamatis Ginosatis, percentage of 30.77% (direct participation) (b) Georgios Ginosatis, percentage of 17.46% (direct participation) • as regards to item d’: there are no kind of securities (including shares), that provide special control rights. • as regards to item f΄: there are no known limitations on voting rights (such as limitation of voting rights on owners of a specific percentage or number of shares, deadlines to exercise voting rights, or systems through which with the cooperation of the Company financial rights emanating from shares are distinguished by the ownership of the shares). As regards to exercising voting rights during the General Meeting, extensive reference is made in Part C of the present Corporate Governance Statement. • as regards to item h΄: regarding the appointment and replacement of Board members and regarding the amendment of the Company’s Memorandum of Association, there are no rules that differ from those stated by Law 4548/2018, as currently in effect. Such rules are described in detail in Part A of the present Corporate Governance Code. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 100

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • as regards to item i΄: there are no special authorities of the members of the Board of Directors as regards to the issuance or buyback of shares. It is noted that: th a) the Board of Directors of the Company, during its meeting on October 30 , 2025 and following th the authorization provided by the Annual Ordinary General Meeting of shareholders on June 16 , 2023, proceeded to establish a new plan for distribution of shares to the members of the Board of Directors, the managers and top executives of the Company, in the form of stock options (rights) to acquire shares. The above are in accordance with the current regulatory framework and specifically with the provisions of article 113 of Law 4548/2018. The maximum number of shares that can be granted under the above stock option plan is 82,200 shares. The plan consists of granting stock options to the participants, in order for the latter to acquire shares of the Company through their participation in a share capital increase at a fixed offering price, set at three (3.00) Euros per stock option. st November 1 , 2027 was set as the maturity date of the rights. The exercise of stock options and the deposit that must be made by the beneficiary of these rights will take place from 01.11.2027 to 21.11.2027. The Company will notify in time the beneficiaries of the corresponding bank account of the Company. In order to exercise the rights, a prior written st notification of the beneficiary's intention to exercise the relevant right is required by August 1 , 2027, i.e. three (3) months before the above maturity date. In accordance with the article 113, paragraph 3 of Law 4548/2018 after the exercise of stock options by the participants, the Board of Directors will issue and distribute the shares to the beneficiaries and will take a respective decision in relation to the Company's share capital increase by an amount equivalent to the value emerging from the rights that have been exercised. The Board of Directors will also take a relevant decision with regard to the certification of payment of the Company's share capital increase. The above th decision was registered in the General Electronic Commercial Registry (GEMI) on November 4 , 2025 with no. 3306748. By the decision of the Company's Board of Directors dated 03/11/2025, the beneficiaries were defined in accordance with the specific provisions of the Plan and stock options were granted for entire number of shares that may be authorized under the aforementioned Plan, namely for 82,200 shares of the Company. b) pursuant to a relevant decision of the Annual Ordinary General Meeting of Shareholders of 20/06/2025, the Board of Directors of the Company was granted the authority to purchase a maximum of 10% of the Company’s existing shares (by including and summing up the entire number of treasury shares held by the Company, following a previous share repurchase plan, to the above upper limit), within a period of twenty-four (24) months from the date of the above decision, i.e. up until 20/06/2027, and in accordance with the terms and restrictions set by article 49 of Law 4548/2018, with a purchase price range between three Euros (3.00 €) per share (threshold) and ten Euros (10.00 €) per share (ceiling) At the date of preparation and approval of this Report, the Company held 96,450 treasury shares. • points e’, g’, j’ and l; do not apply. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 101

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY PART G – SPECIAL STATEMENTS 1.1 During the closed corporate year 2025, the Board of Directors carried out an annual review of the corporate strategy, the main business risks faced by the Company in the sector in which it operates, as well as the systems of internal control applied by the Company and found the following: 🗸 The corporate strategy is implemented appropriately and in accordance with the planning of the competent Directorates, in order for the Company to continue to stand out for the promotion of innovative products and services, the establishment of long-term relationships of trust and the creation of a sense of intimacy with its partners and transacting parties, thus developing further its business model, 🗸 The main areas of business and financial risk of the Company as well as the issues that may have a significant impact on its financial statements, according to the size and complexity of its activities are included and are in detail analyzed as well their addressing in the relevant Section of the Management Report of Board of Directors and finally 🗸 the internal control is carried out in accordance with the current legislative and regulatory framework and the principles of the Code of Ethics, and covers the main activities of the company, in order to determine the adequacy of the management and organization systems of the audited entity to diagnose any irregularities, errors, weaknesses and possible fraud that may result in mismanagement and/or loss of assets and to verify the reliability of the measurement and presentation of the financial figures that constitute the image of the entity. 1.2 The Board of Directors of the Company declares and confirms hereby that the Audit Company, which is in charge of carrying out the mandatory audit of the annual and semi-annual Financial Statements (corporate and consolidated), as well as the issuance of the annual tax certificate and tax compliance report, provided with the approval of the Audit Committee authorized non-audit services to the Company amounting to 1,750 Euros and therefore no direct or indirect impact exists on the objectivity, integrity, reliability and effectiveness of the statutory audit. This Corporate Governance Statement is an integral and special part of the Annual Report (Management) of the Board of Directors of the Company. SECTION H Group’s course and outlook for the current financial year 2026 Given the Group’s strong export orientation, the prospects, results and the course of both the Company and the Group for the fiscal year 2026 depend directly on the conditions prevailing in the global as well as the domestic economy and market. At the present time there are reasonable and well-founded concerns regarding the course of the global economy due to factors such as the ongoing geopolitical crisis, the climate change, the high st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 102

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY energy costs, the international transportation issues, the weak demand especially in Europe and the imposition of tariffs on products exported to the U.S. market. The following factors and conditions that exist as of today, raise concerns in a reasonable manner regarding the Company's course for the year 2026 and in particular: 1. The ongoing geopolitical tensions and war conflicts between Russia and Ukraine through multiple resurgences, and also the conflicts in the wider Middle East region which might have an inevitable impact on the stability and security of the global economy. 2. The significant and unjustified increase of energy costs to especially high levels due to the ongoing and well known developments related to the war in Ukraine and the distortion of electricity market in the South East European region. 3. The weakening consumer demand internationally and mainly in Europe, due to the intense inflationary pressures observed in food prices which in turn have reduced the consumer demand. 4. The imposition of tariffs on the products exported to the US market. 5. The devaluation of the dollar (USD) against the Euro. As a result of the above mentioned factors, the degree of uncertainty and jitter in the market still remains high, making any effort to extract reliable, safe and objective forecasts rather precarious. Therefore the Group's Management maintains a cautious stance regarding any future impact on the prospects of the Group in general as well as the Company in particular, and it cannot rule out the likelihood of an unfavorable effect on its broader financial performance, financial position and the course of both the Company and the Group during the fiscal year 2026. The Management of the Group with a high sense of responsibility towards the employees, the customers, the suppliers, the partners and the investors, closely monitors and systematically evaluates all possible risk factors, which may affect the financial position, activities and results of the Group and has been taking all appropriate measures each time to ensure the smooth operation and business continuity of the Group. In any case and despite the prevailing conditions in terms of uncertainty and volatility, the Group, both on the reporting date of the annual Financial Statements and on their approval date, maintains a satisfactory level of capital adequacy and liquidity. At the same time, the Group has proceeded with all the required actions in order to effectively manage the various effects of the economic disruption and in this context to preserve employment positions. Following the above, the Group's strategy, which is oriented towards flexibility and continuous adaptation to the conditions at each time, is summarized as follows: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 103

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY - Improvement and continuous upgrade of the spectrum of produced products, with an emphasis on high-quality product diversification compared to competition, - Creating new innovative products capable of meeting wider and more demanding market needs, as well as to effectively respond to the customer requirements and needs, - Further enhancement of the current modern production methods in order to meet the targets of reduction of energy consumption, of a lower carbon footprint and facilitate the essential contribution to sustainable development, - Further penetration of the international markets via the maintenance and even expansion of the Company’s existing partnerships aiming at the utilization of the Group’s knowhow, - Further and efficient strengthening of the infrastructure and the production facilities and mechanical equipment of both the Company and the subsidiaries of Group in USA, Poland and Australia, with the objective to even faster and more effectively serve the customer base in the geographical areas where the companies are located and operate, in order to boost the growth potential in the relevant markets, and finally, - Continuous development of the organizational and operating structures as well as procedures aiming at the further increase of efficiency, and the greater reduction of costs. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 104

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Sustainability Report The Group has prepared a Sustainability Report consistent with the new sustainability disclosure requirements of the EU Directive (Corporate Sustainability Reporting Directive), as incorporated by L. 5164/2024. In this manner, the Group seeks maximum transparency and completeness in communicating its performance in sustainability related matters, responding to stakeholder expectations and regulatory requirements. FLEXOPACK at a glance FLEXOPACK S.A was founded in 1979 in Kropia, Attica, as a family-owned enterprise and in 1996 the Company was listed on the Athens Stock Exchange. Today, FLEXOPACK is one of the most important European manufacturers of flexible packaging materials, specializing in high-technology co-extrusion films. The Group has demonstrated strong growth, expanding its activities into Poland, Australia, the United Kingdom, the United States, France, the Republic of Ireland, Cyprus, Serbia, New Zealand and Spain. This international expansion is part of the Group’s strategy to strengthen and modernize its global distribution network, with the aim of expanding the Group'spresence in the global market. At the same time, the Group aligns with modern sustainability requirements, pursuing a high level of transparency and completeness in the disclosure of its relevant performance, responding to both stakeholder expectations and regulatory obligations. Group’s activity The Group operates in both domestic and international markets, with its core business focused on flexible plastic packaging. It maintains a strong presence and technical expertise in the following areas: • Red meat • Poultry • Dairy Products • Fish & Seafood • Non-Food products The Group's activity covers the entire value chain, from procurement to the final distribution of its products: • Raw materials procurement and preparation • Transforming raw materials into integrated packaging solutions • Quality control and final packaging • Waste management with a focus on sustainability • Transportation and distribution of products st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 105

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Our Vision We are committed to achieving our vision by being an innovative and competitive company, focusing on market needs. Our vision is based on the following pillars: • Dominance into a dynamic global market that requires exceptional flexibility. • Effective fulfillment of the overall needs of the flexible packaging market. • Creating a work environment based on equality, development, respect, trust, inclusion. • Addressing continuous challenges for new and innovative packaging solutions. • Strong growth strategy and simultaneous technological evolution. 47 years of success Flexopack Group continues to consistently strengthen its international presence by executing a long-term growth strategy based on geographic expansion, targeted investments and the operational enhancement of its global network. Through manufacturing, commercial and distribution subsidiaries in key markets across Europe, North America and Oceania, as well as through synergies with affiliated highly specialized companies, the Group ensures a strong position in the packaging industry and direct access to markets with significant growth prospects. Continuous development, organic expansion and a focus on quality and technical expertise confirm the Group’s steady growth trajectory and sustainable momentum. The strong activity of the FLEXOPACK Group in international markets is reflected as follows: The Group FLEXOPACK SA (Parent Company) SUBSIDIARIES FLEXOPACK TRADE FLEXOPACK POLSKA FLEXOPACK INTERNATIONAL LIMITED AND SERVICES DOO SP. Z O.O. - Cyprus (100%) BEOGRAD - Poland (100%) - Serbia (100%) FLEXOPACK FLEXOPACK PTY FLEXOPACK FLEXOPACK TRADE AND FLEXOPACK FLEXOPACK LTD USA INC FRANCE SARL PROPERTIES LTD SERVICES UK IRELAND LTD - Australia (100%) - Australia (100%) LIMITED - Ireland (100%) - U.S.A. (100%) - France (100%) - U.K. (100%) FLEXOPACK NZ FLEXOPACK LIMITED SPAIN SL - New Zealand - Spain (100%) (100%) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 106

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY All of the above companies are included in the consolidated financial statements of Flexopack S.A., which is the parent company of the Group. Basis for Preparation General Disclosures [BP-1] The 2025 Sustainability Report of Flexopack Group presents its performance on environmental, social and corporate governance (ESG) issues, providing stakeholders with a detailed and transparent picture of how the Group manages sustainability-related issues. Sustainability in FLEXOPACK Sustainability is a fundamental priority for FLEXOPACK, reflecting our commitment to society, the environment and our employees. This section provides a comprehensive overview of key impacts, potential risks and emerging opportunities related to sustainability. It also presents the Company’s principles for sustainability reporting, which define the framework for the preparation of related reports. Basis for preparation The Sustainability Report is prepared in accordance with the requirements of the EU Corporate Sustainability Reporting Directive (CSRD) and the corresponding European Sustainability Reporting Standards (ESRS), issued by the European Financial Reporting Advisory Group (EFRAG), as well as with Law 5164/2024, which incorporates it into the Greek legislation. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 107

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Scope The Sustainability Report covers the same period as the financial statements, from January 1 to December 31, 2025. Τhe ESG quantitative data pertain to the parent company and its subsidiaries, as detailed in the financial statements. The data included in the Environmental, Social and Governance (ESG) sections of the Sustainability Report have been assessed as material based on a double materiality analysis (“DMA”). In this context, a Double Materiality Analysis was conducted to evaluate sustainability-related impacts, risks and opportunities (IROs). The analysis was based on a defined set of selection criteria and aligned with the guidelines of the European Sustainability Reporting Standards (ESRS). The preparation of IROs considered the entire value chain of the Company. The Company conducted a comprehensive assessment of impacts, risks and opportunities—whether positive or negative, actual or potential—for both people and the environment across the entire value chain. The Sustainability Report has been prepared at the Group level. Fair value measurement basis Accounting policies have been applied consistently throughout the financial year. Calculation factors and data sources are presented in the respective sections of the Sustainability Report. Where necessary, comparative figures have been adjusted to align with the measurement methods used for the current year’s data. Any restatements are clearly indicated. Accounting estimates and judgments Certain data are based on estimates and assessments, which are regularly reviewed and updated, taking into account experience, developments in ESG reporting and other relevant factors. Any changes are reflected in both current and comparative figures. Furthermore, the application of accounting policies involves the exercise of professional judgment. Detailed information on key estimates, judgments and assumptions is provided in the respective ESG quantitative data sections of the Sustainability Report. FLEXOPACK is committed to the continuous improvement of the Sustainability Report, ensuring an accurate and transparent record of its material direct and indirect impacts. The Company emphasizes the use of internal and primary data, aiming to broaden their scope, while simultaneously reducing reliance on estimates or external sources. Disclosures regarding specific circumstances [BP-2] Time horizon In the preparation of this Sustainability Report, the Company has not deviated from the established time horizon. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 108

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Sources of estimates and outcome uncertainty FLEXOPACK ensures that the disclosed quantitative indicators and monetary figures are based on reliable and verified data sources. At present, there are no significant indicators or financial figures in the Company's Sustainability Report that are subject to a high level of uncertainty. The least accurate indicators are those related to the amount of waste sent to landfill, under the topic of Circular Economy. There are no significant sources of measurement uncertainty in the sustainability data reported. The Company relies on direct measurements, operational data and industry standards to ensure the accuracy and consistency of the information reported. In the case of indicators related to the amount of waste sent to landfill, no direct and specialized information was available from waste management entities. If uncertainties arise, they will be clearly disclosed with explanations regarding their variability and potential impact. FLEXOPACK’s Sustainability Report is based on direct measurements where possible, minimizing the need for assumptions or approximations. Where estimates are required, the Company follows standard industry methodologies and applies conservative assumptions to ensure accuracy and reliability. Judgment is exercised in cases where regulatory frameworks allow flexibility and external verification is sought wherever possible. The level of accuracy of the indicators is characterized as medium. The most accurate indicators are those for which direct activity data and emission factors were available, while the least accurate are those for which no direct data was available and the information was derived from third-party reports or estimates. Regarding value chain data, no quantitative data was used concerning upstream and downstream activities. Wherever possible, directly measured or verifiable data was used. The Group does not use indirect sources for estimating value chain data. All measurements are based on directly measured or verifiable data. Therefore, this disclosure is not applicable. Changes in the preparation or presentation of sustainability information The Double Materiality assessment methodology has been fully updated to align with the new regulatory requirements (CSRD/ESRS) and any potential changes in the Group’s business activities. This approach incorporates evolving stakeholder priorities, focusing on the Company’s material impact on the environment and society, as well as the related financial risks. Within this framework, a reassessment of sustainability issues was conducted, resulting in certain issues— such as water consumption—being deemed non-material for the current reporting period, based on the updated materiality criteria. This adjustment ensures that our strategy remains focused on the most critical risks and key opportunities affecting the Company’s long-term sustainability. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 109

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Compared to previous years’ Sustainability Reports, no material errors were identified in the sustainability disclosures of the prior period. The updates in the current report reflect methodological improvements rather than corrections of past data. Disclosures arising from other legislation or generally accepted sustainability reporting statements In preparing this Sustainability Report, apart from the Taxonomy Regulation, no other reporting standards were used. For the calculation of carbon emissions, the GHG framework and ISO 14064 were applied. The Sustainability Report has been verified by Grant Thornton, which issued a limited assurance report. Sustainability governance issues At FLEXOPACK Group, Corporate Governance, as a set of principles and regulatory requirements guiding its operation and lawful development, is ensured through strict compliance with the applicable legislative and regulatory framework, as well as the adoption of Regulations, Policies and Procedures that aim at embedding a unified culture of transparency and accountability across the Group. The parent Company (hereinafter the “Company”), in full compliance with article 17, para 1 of law 4706/2020, has adopted the Greek Corporate Governance Code following a Board of Directors decision dated 16.07.2021. Further details are provided in the “Corporate Governance Statement,” in the Board of Directors’ Management Report and in Section G of Chapter 2 of the Company’s Annual Financial Report. GOV-1 The role of administrative, management and supervisory Bodies General Meeting of Shareholders The General Meeting of Shareholders is the Company’s highest governing body and is entitled to decide on any corporate matter. Among others, it approves the election of the members of the Board of Directors and Auditors, the approval of overall management in accordance with article 108 of law 4548/2018, the approval of the annual and consolidated financial statements, the approval of the distribution of profits and the approval of the Remuneration Policy and Remuneration Report in accordance with articles 110 and 112 of law 4548/2018. Through these responsibilities, the General Meeting directly influences how the Company integrates sustainability matters into its governance, ensures the independence and adequacy of oversight mechanisms, aligns remuneration with strategic priorities and safeguards consistency between financial and non-financial reporting in accordance with the requirements of EU Directive 2022/2464 on corporate sustainability reporting and the European Sustainability Reporting Standards, as transposed into Greek law by L. 5164/2024 and the delegated Regulation (EU) 2023/2772. Board of Directors The Company is managed by the Board of Directors, in accordance with its Articles of Association, consisting of nine (9) individual members. The members of the Board of Directors are elected by the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 110

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY General Meeting of shareholders for a five-year term, commencing on the day of their election and extended until the expiry of the period within which the next Ordinary General Meeting must be convened and until the relevant decision is taken, however, in no case may the term exceed six years. The Board of Directors, immediately after its election by the General Meeting, meets and is formed into a body by electing from among its members, by secret ballot and absolute majority the Chairman, Vice- Chairman and Chief Executive Officer (CEO). The Board of Directors exercises the management and administration of the Company’s assets and representation of the Company, serving as its highest executive authority. The Board of Directors decides on all matters concerning the Company within the scope of its corporate purpose, without any limitation, except for those matters that, under law or the Articles of Association, fall under the exclusive competence of the General Meeting and it also represents the Company both in Greece and abroad. The current Board of Directors, elected on 25.06.2021 with a term until 25.06.2026, consists of nine members, of which five are executive (56%) and four are non-executive (44%). Three of the four non- executive members are independent, in accordance with article 9 of law 4706/2020, as codified by law 5193/2025, i.e. 33% of its total members. Additionally, the average age of the Board members is 66.5 years and the average tenure is 16.5 years. Full Name Board Member Capacity Independence (in accordance with article 9 of L.4706/2020, as codified by L.5193/2025) Georgios Gkinosatis BoD Chairman – Non- - Executive Member Stamatina Gkinosati BoD Vice Chairman – - Executive Member Stamatios Gkinosatis Chief Executive Officer – - Executive Member Asimina Gkinosati Executive Member - Dimitrios Gkinosatis A’ Deputy Chief Executive - Officer – Executive Member Spyridon Gkinosatis B’ Deputy Chief Executive - Officer – Executive Member Ioannis Tsoukaridis Independent Non-Executive ☑ Member Ioannis Papamichalis Independent Non-Executive ☑ Member st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 111

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Aliki Benroubi Independent Non-Executive ☑ Member The percentage of women's representation on the Board of Directors is 33%, with three out of nine members are women, in full compliance with the provisions of Law 4706/2020 and Law 5178/2025 on balanced gender representation. The Annual Report on Gender Balance confirms this compliance, certifying that the percentage of representation of the underrepresented gender meets the required 33%, while female participation among executive members is 40%. These data demonstrate the implementation of the Group’s Diversity Policy, which ensures fair, equal and non-discriminatory participation of all genders in Management and reinforces the Company’s commitment to appropriate balance and diversity within its governing bodies, aiming to enhance both diversity and the complementarity of knowledge and experience within the Board of Directors. Furthermore, within the framework of the Group’s Diversity Policy, which applies to the Board of Directors, the Company’s Chief Executive Officers and their Deputies, other non- Board of Directors members serving on Committees established under corporate governance, as well as Senior and Top Executive Management as defined in the Policy. The Company ensures that female representation is maintained at a minimum of 20% of the total population of these non-Board of Directors members subject to the Policy. It is noted that the Company does not provide for the representation of employee bodies or other categories of employees on the Board of Directors. The members of the Board of Directors possess extensive experience in industrial production, polymer technology, processing and packaging, international business development, financial management and internal audit, as well as leadership of large enterprises. This experience is reflected in the published resumes of the Board of Directors members, which are available on the Company’s official website and ensures a substantial understanding of the sectors and geographic markets in which the Company and the Group operate. The Suitability Policy for the Members of the Board of Directors, as approved by the Ordinary General Meeting on 25.06.2021, defines the criteria for the selection, replacement and renewal of Board of Directors members, including requirements for professional experience, integrity, reputation, time availability and collective diversity. It also provides for the periodic assessment of individual and collective suitability in accordance with the requirements of L.4706/2020, as well as the ongoing training of members to maintain the necessary skills and knowledge for the performance of their duties. The assessment of the suitability of the members of the Board of Directors and the assurance of the relevance of their experience to the Company's activities are supported by the Remuneration and Nomination Committee, which examines the required qualifications, professional experience and relevant skills of both current and prospective members. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 112

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Company also implements a Training Policy for Board of Directors Members and executives, which includes introductory briefings for new members, contributing to the assurance of the necessary expertise in matters of strategy, risks, internal audit, governance and potential sustainable development. Board of Directors Committees The Board of Directors is assisted in its work by two specialized Committees: Audit Committee It consists of one (1) independent non-executive member of the Board of Directors and two third parties, non-members of the Board of Directors. The Committee is responsible for monitoring financial reporting, the effectiveness of the Internal Control System, risk management, regulatory compliance, as well as o supervising the statutory audit of the financial statements, which also incorporate non-financial sustainability information. It meets at least four times annually and submits reports to the Board of Directors. Remuneration and Nominations Committee It consists of three (3) non-executive members, two of whom are independent. The Committee is responsible for the Remuneration Policy, preparing suitability assessments and overseeing the succession process of the Board of Directors’ members. Subordinate Management Bodies (Divisions and Departments) The Regulation of Operations provides for specific Units that play a critical role in overseeing risks, impacts and opportunities: • Internal Audit Unit • Regulatory Compliance Unit • Risk Management Unit • Human Resources Department • Finance Department • Research and Development Department • Supply Chain Department These units constitute the main recipients and producers of information that feed the Board of Directors on issues of impacts, risks and opportunities, including environmental, social and corporate governance (ESG) issues. ESG Team st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 113

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Following last year's goal setting to strengthen ESG oversight, the Company's Board of Directors, at its meeting on December 2, 2025, approved the establishment of an ESG operational Team, taking into account the need to comply with the applicable regulatory framework for sustainable development and in particular with Directive (EU) 2022/2464 (CSRD), as incorporated into Greek legislation by L.5164/2024, as well as with the European Sustainability Reporting Standards (ESRS). The ESG Team consists of two members, namely the Vice-Chair of the Board of Directors and a Company employee serving as Marketing Coordinator, who has been appointed as the Team Leader. The participation of a Board member strengthens the ESG Team’s connection with the top management and supports the timely briefing of the Board of Directors on issues related to sustainable development and the preparation of the Sustainability Reports. According to the Board of Directors’ decision, the ESG Team collaborates with the Risk Management Unit and coordinates the collection of data from the relevant Departments and Divisions of the Company to support the preparation of the annual Sustainability Reports, in cooperation with external advisors. Additionally, it contributes to informing the Board of Directors on developments in ESG issues and formulating needs for the development of relevant educational activities. The establishment of the ESG Team, as approved by the Board of Directors, constitutes the first structural step toward the systematic organization of processes related to integrating sustainable development into the Company’s operations. Delegation of responsibilities The Company’s Regulation of Operations provide that the Board of Directors may delegate management powers to the Chief Executive Officer (CEO), who implements the strategy, oversees the operation and promptly informs the Board of Directors in cases of crises or emerging risks. The above governance structure and allocation of responsibilities are also reflected in the Group’s official Organizational Chart, which presents the hierarchy, reporting lines and the individual Departments and Units that support the implementation of strategy, operational oversight and the monitoring of matters such as sustainability issues. The Organizational Chart enhances transparency and clarifies the accountability mechanisms between the Board of Directors, Committees and operational units. Organization chart: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 114

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY GOV-2 — Information received and Sustainability topics addressed by the Company’s administrative, management and supervisory Bodies The Board of Directors receives information on impacts, risks and opportunities through an established information flow framework, which includes both the prescribed corporate governance procedures and the structured process for collecting, verifying and reporting sustainability data, as defined in the Company’s Regulation of Operations, the Regulations of its individual Committees and the Sustainable Development Data Collection Procedure established in 2025. Information Flow from the Group’s Committees and Units According to its Regulation of Operations, the Audit Committee informs the Board of Directors at least four times annually, covering financial reporting, the effectiveness of the Internal Control System, Risk Management, Regulatory Compliance and oversight of external auditors, as well as monitoring the process of the Sustainability Report and compliance with the ESRS standards. Parallel reporting flows are also received from: • the Internal Audit Unit • the Compliance Unit • the Risk Management Unit • the Finance Department • the Chief Executive Officer (CEO), who must inform the Board of Directors without undue delay in cases of crises or emerging risks. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 115

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The above functions contribute to the collection, documentation and evaluation of data related to impacts, risks and opportunities, which are used to inform the Board of Directors and support the decision-making process. Sustainable Development Policy as a factor in the diffusion of culture The Sustainable Development Policy, as approved by the Board of Directors, integrates the ESG framework into the Group’s business model and is structured around five pillars: Corporate Governance, Market, Human Resources, Environment and Local Community. The Policy is communicated to all employees and is accompanied by information on the actions implemented under each pillar, as presented in the Annex to the Company’s Regulation of Operations. ESG team and information flow to the Board of Directors In order to enhance the flow of information to the Management and the Board of Directors, in 2025, the Company established a structured Sustainable Development Data Collection Procedure, which covers all Group companies and all Departments contributing sustainability data, including, indicatively, the Human Resources and Finance Departments, the Procurement Departments, Marketing, as well as the Legal Department/Regulatory Compliance Unit and the Internal Audit Unit. Within this process, the ESG Team acts as the central coordinator, responsible for defining the data collection and reporting methodology, providing guidelines, templates and key performance indicators (KPIs), as well as overseeing the overall process. At the same time, it issues the relevant data collection tools, such as reporting templates, lists of mandatory indicators and submission timelines, ensuring the timely and uniform recording of data. Data collection is carried out through the Heads of each Department, who are responsible for gathering the data within their respective areas of responsibility, documenting data sources and calculation methodologies and ensuring their accuracy and completeness. Submitted data are accompanied by specific supporting information, including the data source, reporting period, responsible data owner, calculation methodology and relevant supporting documentation. The process comprises distinct stages of internal quality control and verification. At the first level, the Designated Officers perform checks for consistency and completeness, while at the second level, the ESG Team carries out cross-checking, consolidation and an overall evaluation of the data. Within this framework, the coverage of required indicators is assessed, along with the accuracy of calculations, consistency of data across reporting periods and alignment with the double materiality framework, while potential risks of inaccuracies or omissions are also identified. After data processing is completed, the ESG Team prepares the consolidated sustainability database and the initial draft of the Sustainability Report, which includes the structure aligned with ESRS standards, the relevant chapters, performance indicators and required disclosures. This draft is submitted for internal review by the respective Divisions/Departments, which verify the accuracy of the data and descriptions st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 116

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY pertaining to them and undergoes compliance review by the Legal Department / Regulatory Compliance Unit to ensure alignment with regulatory requirements. Where required, the data and content of the Sustainability Report are also subject to external verification by an independent auditor, who assesses the methodology, the accuracy of calculations and the consistency of disclosures. The process is completed with the submission of the Sustainability Report for approval to the competent bodies, which oversee the preparation process and approve the final content prior to its publication. Through this structured process, it is ensured that the Board of Directors receives systematic, well- documented and verified information on sustainability issues for the reporting period. Information from the Double Materiality Analysis During the 2025 fiscal year, a Double Materiality Analysis was completed, the results of which were used to inform the Board of Directors regarding the Company’s material impacts, risks and opportunities. The final representation is presented in the IROs Table within the section “Description of material Impacts arising from the materiality assessment”. GOV-3- Integration sustainability-related performance into incentive systems The parent company implements an approved Remuneration Policy, which defines the framework for fixed and variable remuneration for executive members of the Board of Directors, non-executive and independent members, senior management executives and Committee members. The Policy, approved by the General Meeting on 16.06.2023, incorporates the requirements of articles 110 and 111 of law 4548/2018, Law 4706/2020 and the Greek Corporate Governance Code. There are no exceptions to its scope. The Remuneration Policy is based on principles of transparency, objectivity, fairness, avoidance of conflicts of interest and alignment of remuneration with the long-term financial sustainability of the Company. Its content fully covers the fixed and variable remuneration of executive members, the remuneration of non- executive and independent members, the remuneration of senior executives, the process for determining and approving remuneration, as well as the procedures for review and disclosure. The responsibility for the preparation and review of the Policy lies with the Remuneration and Nomination Committee, while final approval lies with the General Meeting, which makes binding decisions every four years or sooner, if circumstances require. The Policy is published on the Company’s official website and remains accessible throughout its period of validity. According to the current remuneration system, fixed and variable remuneration is provided for executive members, linked to the achievement of financial and operational targets. The Policy does not include pension plans or other incentives linked to sustainability performance. Variable remuneration is determined and reviewed annually by the Board of Directors, with a maximum cap of 100% of the fixed annual remuneration. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 117

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY In the current fiscal year, the percentage of variable remuneration linked to sustainable development objectives is zero, as such incentives have not yet been implemented. No sustainability-related performance indicators are incorporated into the Remuneration Policy or the performance evaluation framework. Furthermore, climate-related parameters, such as greenhouse gas emission reduction targets, have not been integrated into the determination or assessment of remuneration for members of the administrative, management and supervisory bodies. Additionally, in accordance with law 4706/2020, no variable remuneration is provided for independent non-executive members, in order to ensure the independence of their judgment and to avoid conflicts of interest. Any future integration of relevant sustainability indicators will be considered within the framework of the Company’s corporate governance procedures and its Remuneration Policy. GOV–4 — Due diligence statement The following table maps the sections of this Sustainability Report, where information related to the Group’s due diligence practices is disclosed. The table serves as a practical tool for clearly and systematically illustrating how due diligence-related information is integrated throughout the full text of the Sustainability Statement. This disclosure does not introduce additional due diligence obligations nor does it change the role of the administrative, management or supervisory bodies. Key Elements of Due Diligence Paragraphs in the Sustainability Report a) Integration of due diligence into GOV-1 – The role of administrative, governance, strategy and the business management and supervisory bodies. model. GOV-2 – Information received by administrative and supervisory bodies Strategy, business model and value chain b) Collaboration with affected Interests and stakeholder’s views (SBM-2) stakeholders at all key stages of due Description of the processes for identifying diligence and assessing material impacts, risks and opportunities. [IRO-1] c) Identification and assessment of Description of the processes for identifying adverse impacts. and assessing material impacts, risks and opportunities [IRO-1] d) Taking measures to address these With respect for the environment adverse impacts Our People Corporate Governance st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 118

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY e) Monitoring and reporting on the GOV-2 – Information received by effectiveness of these efforts. administrative and supervisory bodies. Environment Our People Corporate Governance The Group examines the design of a due diligence process that will cover all of its companies and their significant activities. GOV-5- Risks management and internal controls related to sustainability reporting The parent Company has an integrated Internal Control System covering both financial and non-financial information. This System includes the functions of Internal Audit, Regulatory Compliance and Risk Management and aims at the timely identification, assessment, mitigation and monitoring of material risks associated with the Company’s operation, as well as ensuring the reliability of financial and non- financial information, in accordance with article 151 of L.4548/2018. The Board of Directors is responsible for the adequate and effective functioning of the Internal Control System and for determining the risks appetite in the context of achieving the Company’s strategic objectives. The risks assessment approach is based on an annual Risk Management process, which includes the identification, evaluation, management and monitoring of risks. Within this framework, a Risk Control Self-Assessment (RCSA) process is applied, following a standardized methodology whereby each risk is assessed in terms of its inherent risk level, the adequacy of the implemented control mechanisms and the residual risk level. The evaluation is conducted using predefined probability and impact scales, as well as a scale for assessing the adequacy of internal controls. The Risk Register also includes risks related to sustainability, including environmental, social and governance risks, which are assessed using the same methodology and are incorporated into the Company’s material risks. The results of the Double Materiality Analysis are used to identify and update relevant risks, strengthening the connection between the sustainability strategy and the risk management system. Within the framework of the Sustainability Reporting process, the Company takes into account specific risks related to the completeness, accuracy and consistency of data, the reliability of estimates and assumptions, as well as the availability of information and the timing of relevant data. These risks are assessed and addressed through the implemented Internal Audit and Risk Management procedures. The findings of the risks assessment are integrated into the Company’s operations through the Risk Profile and Action Plan, which are approved by the Board of Directors, while Management monitors the implementation of the related measures. Risks monitoring is conducted at varying frequency depending on the level of residual risk, with high risks monitored on a quarterly basis, medium risks on a semi-annual basis and low risks on an annual basis. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 119

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Risk Management Unit submits periodic reports to the Audit Committee and the Board of Directors, which include the progress of action implementation, key risk indicators and significant incidents. The Audit Committee monitors the effectiveness of the Internal Control System while a Periodic Assessment of the System is applied, which includes assessment by the Internal Audit Unit and by an independent external evaluator. The Risk Management Unit conducts a review of the quality and completeness of the self-assessment results, examining the accuracy of risks evaluation, the adequacy of control mechanisms and the completeness of risks documentation. Within the framework of the sustainability reporting process, the Audit Committee oversees the preparation of the Sustainability Report and performs the final review prior to its publication. The final approval of the Sustainability Report is granted by the Board of Directors. Strategy Strategy, Business model and value chain (SBM-1) FLEXOPACK is one of the leading European manufacturers of flexible packaging, with a comprehensive portfolio of solutions and with a particular focus on co-extruded plastic film. The Company possesses strong expertise in the flexible packaging sector. FLEXOPACK’s main market is in the food sector, with emphasis on meat, poultry, cheese and fish/seafood products. The Company has production facilities in Greece, Poland and Australia, while is expanding internationally with seven (7) distribution centers, ensuring an extensive sales and distribution network to deliver high- level services to its partners. With a total workforce of 589 employees and revenue of 163.8 mn euros for 2025 (Sector Group: Manufacturing, C.22.22 Manufacture of plastic products), Flexopack is considered one of the strong players in the Greek economy. No other business segments contribute to the Company's revenue beyond those stated above. Regarding the description of sustainability-related targets in terms of significant products and services groups, customer categories, geographical areas and stakeholder relationships, performance indicators (KPIs) have not yet been set for specific products or services. However, the management of the Company and the Board of Directors are considering the future adoption of targets as part of implementing the company’s sustainability strategy. Strategic Pillars The Group promotes the development and distribution of low-carbon footprint products with a circular approach, tailored to the needs of both consumers and its customers. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 120

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Key Thematic areas of actions 2025-2030 Optimization of energy consumption in product manufacturing. Production of goods using recycled raw materials. Transition to lighter and more environmentally friendly packaging solutions. These initiatives support the Company’s strategy to reduce Scope 1 & 2 emissions by 30% until 2030. The Group’s market expansion strategy includes: Strengthening its presence in countries with high demand for sustainable innovations Adapting the products portfolio to meet environmental and social requirements Mapping of the value chain and stakeholders FLEXOPACK’s business model creates sustainable value for stakeholders, the environment and society at large. These products are produced, distributed and managed with both positive and negative impacts, aiming to achieve the Group's strategic goals and foster economic growth. Description of inputs and the approach to collecting, developing and securing inputs The methodology follows the EFRAG Implementation Guidance on Materiality Assessment. The assessment followed these steps: - Value Chain Analysis and ESG Topic Identification: Identified ESG touchpoints across upstream, downstream and core processes of the Company and defined a framework of ESG topics for further analysis. - Compilation of a comprehensive list of potentially material topics through benchmarking with competitors, international standards (SASB, MSCI, S&P) and previous Flexopack materiality assessments. - Comparison with ESRS topics and creation of a shortlist: The identified topics were compared and aligned with the ESRS topics and validated by Flexopack representatives. - Stakeholders consultation and topic prioritization: A questionnaire was sent to stakeholders (senior executives, employees from various departments and levels, customers, suppliers and NGOs), who were asked to rank the issues based on their double materiality, considering both the Company’s impact on the environment and society and the potential financial implications of these issues on the Group’s operations. Interviews were conducted with senior executives from the following departments: · Internal Audit · Quality Assurance · Production · Marketing st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 121

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY · Human Resources The double materiality analysis is a highly strategic and valuable process for the Company and its results are being reviewed by the Company’s management and the Board of Directors for further actions. Description of the key characteristics of the upstream and downstream value chain and the Company's position in It. Flexopack Value Chain Mapping The Company’s value chain involves a structured and well-integrated approach to the production, distribution and recycling of plastic packaging materials. The process begins with the procurement of raw materials and continues through production, quality control, distribution and consumption by end-users. Additionally, the Company implements a waste management and recycling strategy to ensure sustainability. Upstream Activities: The Foundation of Production The initial stage of the value chain begins with the procurement and preparation of raw materials, which determine the quality and functionality of the final products. Raw Material Procurement The Company sources its raw materials from petrochemical processors, which produce polymer pellets, the basic raw material used in plastic packaging. Raw Material Preparation The R&D department develops new solutions and techniques for improved packaging performance. Upon receiving the raw materials at the Company’s facilities: - Quality control and proper storage are carried out. - The polymer pellets are blended with additives, colorants and stabilizers. - Heat drying is applied to remove moisture, ensuring the final product’s quality (where required). Core Production: Transforming Raw Materials into Packaging The production process includes: - Processing, molding and forming plastic films or sheets. - Processing of plastic film into bags Quality Control and Packaging Control checks are performed at every stage of production. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 122

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Waste Management The Group partners with licensed waste management providers to handle production waste responsibly. Intangible Assets Key intangible assets refer to non-physical resources that provide competitive advantage and are essential to the business model and value creation. Main categories of key intangible resources include: - Intellectual Property (IP) – Patents, trademarks, copyrights and trade secrets protect the company’s innovations, brand and creative content. The Company holds over 60 patents in its portfolio, both at European and international level. - Brand Equity – A strong brand fosters customer loyalty, trust and retention and smoother market entry for new products. - Organizational culture and human capital – The Company’s workforce, leadership and knowledge base drive innovation, efficiency and strategic execution. Downstream Activities: Distribution, Use and Customer Interaction Post-Production: Transportation and Distribution Digital order and inventory management system in place. Products are transported to distribution points in collaboration with logistics partners. Supply Chain Flow Products are shipped to industries and wholesalers. End Users Hypermarkets & Supermarkets (for food and consumer goods packaging) Manufacturers (Company’s packaging integrated into their production lines) Retailers & Distributors (product availability on the market) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 123

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 124

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Interests and views of stakeholders (SBM-2) The Company recognizes the importance of communication with stakeholders as a key factor for smooth operations and the development of its strategy. Through organized and targeted efforts, it aims to build relationships of trust and collaboration with all entities and individuals who influence or are impacted by its activities. Active stakeholders engagement enhances not only the Company’s reputation, but also its capacity to innovate and promote sustainable development. Through these interactions, valuable information is gathered that contribute to improved performance and the achievement of strategic goals. The key stakeholders of the Company include: • Shareholders, investors and capital providers • The Board of Directors • Suppliers, business partners and service providers • Employees • Customers • Governmental and regulatory authorities • The business community • Local community groups • Non-Governmental Organizations (NGOs) The table below provides further information on the stakeholders groups involved in the decision-making process, as well as the methods of communication with them, highlighting the Company’s commitment to two-way dialogue and responsible business activities. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 125

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The identified stakeholders exert a direct impact or influence on the Company’s long-term sustainable development. Stakeholders, either directly or indirectly and each with a varying degree of significance, influence the production process, the Company’s environmental protection efforts and its contribution to the local community. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 126

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY For the purposes of this Report, stakeholders participated in the Double Materiality Assessment process in order to identify the key impacts, risks and opportunities related to the Company’s ESG issues. The results of the Double Materiality assessment, along with the overall ESG Report, are submitted to the Board of Directors for approval before publication. Furthermore, stakeholder input contributes to the enhancement of the Company’s risk register, risk mitigation strategies and overall strategic approach. Description of modifications to the strategy and/or business model Factors such as national and European legislation, as well as changing consumer preferences, are systematically monitored and influence the way the Company adjusts its operational decisions. However, these factors have not led to fundamental changes in the Company’s business model or strategy. Description of how administrative, management and supervisory bodies are informed about the views and interests of affected stakeholders regarding sustainability-related impacts The Company’s Management has been informed about the results of the Double Materiality Assessment and the Company’s risk register. An annual customer satisfaction survey is conducted and communicated to the Sales Director and the Customer Service Department. The Legal Department informs the Company’s Management of any legislative changes that may affect the Company’s business model and strategy. Management of impacts, risks and opportunities Description of the process for identifying and assessing material impacts, risks and opportunities [IRO- 1] FLEXOPACK prioritizes the systematic identification and assessment of impacts, risks and opportunities associated with its activity, aiming to enhance sustainability and transparency in its operation. This process is based on the principle of Double Materiality, which ensures that both the Company’s impacts on the environment and society, as well as the consequences of these impacts on its business performance, are taken into account. The process includes: • Identification of impacts, risks and opportunities: Assessment of the key issues affecting sustainability, taking into account the views of stakeholders and the analysis of the external environment. • Materiality Assessment: Analysis for prioritizing issues based on their significance to both the Company and its stakeholders, with an emphasis on the Company’s strategic priorities. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 127

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • Integration into management systems: The results of the analysis are incorporated into the Company’s overall risks management system to develop appropriate policies and actions. In 2025, the Company applies the principle of Double Materiality as a key tool for adapting its strategy, ensuring both compliance with the regulatory framework (such as the CSRD Directive) and the effective management of sustainability matters. This approach enables the timely identification of both risks and opportunities related to environmental, social and governance (ESG) issues. Through this process, the Company strengthens its ability to develop strategies and implement actions that respond to global demands for sustainable development. At the same time, it reinforces its connection with society, stakeholders and shareholders, enhancing transparency and its social responsibility. Double Materiality Methodology The Company has developed a systematic and well-documented approach for the Double Materiality Assessment (DMA), aligned with the requirements of the European Sustainability Reporting Standards (ESRS) and the CSRD Directive. This approach focuses on identifying, understanding and evaluating the impacts, risks and opportunities related to the Company’s sustainability, taking into account both the external effects of its activities and their financial implications. The Double Materiality process is based on two key dimensions: Impact materiality: Impact materiality focuses on assessing the actual or potential effects of the Company on the environment, society and people. The Company examines the severity, scale and reversibility of these impacts to identify the issues that are material to its sustainability strategy. The process includes the identification of impacts using data from internal operations and external sources, such as industry standards and stakeholder views. Impacts are evaluated using both quantitative and qualitative criteria to ensure that all relevant information is considered. Furthermore, the Company focuses on impacts across the entire value chain, both upstream and downstream, from the sourcing of raw materials to the creation and promotion of its products. Through this process, issues that are critical to environmental protection and social well-being are identified, while simultaneously enabling the Company to ensure compliance with sustainability requirements and respond to stakeholders expectations. Financial materiality: Financial materiality examines how sustainability issues affect the Company’s financial performance and strategic resilience. This dimension assesses the likelihood and intensity of financial impacts related to environmental and social factors. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 128

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Company applies a structured scoring system to assess the likelihood and magnitude of financial impacts. The probabilities are categorized as low, medium and high, while the intensity of impacts is evaluated based on their potential to affect factors such as operating costs, regulatory requirements or the Company’s reputation. An important part of the process is linking the assessment results to the Company’s strategy. The Company integrates the findings into its financial strategy, ensuring that sustainability-related risks and opportunities are leveraged to create value in the long-term. For the implementation of Double Materiality, the Company follows a four-step methodology: • Understanding the business model and value chain: The Company analyzes its business model and operational structure, identifying and mapping its value chain. This process helps in pinpointing areas with potential material impacts. • Identification of impacts, risks and opportunities: Through a combination of internal industry analysis data, reliable international data and comparative data from competitors, the key positive and negative impacts, as well as potential risks and opportunities associated with the Company’s activities, are identified and categorized. • Assessment of impacts, risks and opportunities: Criteria such as the severity, scale and reversibility of impacts are used, while thresholds are applied to highlight material issues. This process involves the participation of senior management and stakeholders through dedicated meetings. • Defining essential issues: The assessment results are validated by management and the final list of material issues is established, which is then integrated into the Company’s sustainability strategy. The Company relies on a wide range of data sources, both internal and external, to ensure the completeness and accuracy of the process. The assumptions underlying the assessment include the identification of impacts that may have financial significance over different time horizons, the emphasis on linking sustainability with financial resilience and the evaluation of issues across the Company’s entire value chain. Understanding the business model and value chain Overview of the process for identifying, assessing and prioritizing impacts Stakeholders The Company implements structured consultation processes with affected stakeholders, aiming for a meaningful understanding and integration of their expectations into its business practices. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 129

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The consultation involves regular and open communication with groups directly or indirectly affected by the Company’s operations, such as employees, customers, suppliers and Non-Governmental Organizations. These processes are carried out through questionnaires, interviews, consultation and analysis of findings, which are then integrated into the sustainability strategies and relevant policies. In this way, responsible decision-making is ensured, transparency is enhanced and the Company’s environmental and social performance is continuously improved. Assessment of impacts, risks and opportunities Assessment of impacts materiality FLEXOPACK implements a systematic process for prioritizing both its negative and positive impacts, aiming to identify the material sustainability issues to be included in its Sustainability Reports. This process is based on the principles of impact materiality as defined in section 3.4 of ESRS 1. Positive impacts are assessed based on specific criteria. The first criterion is scale, referring to the significance of the positive impact for people or the environment. The second criterion is scope, which relates to the extent of the positive impact, either geographically (local, national or international) or in terms of the number of people affected. The third criterion is likelihood of realization, that is, the probability that the expected positive outcomes will be achieved through the Company’s strategy. Negative impacts are also assessed based on scale, scope and irreversibility. Scale refers to the magnitude of the negative impact on people or the environment, while scope relates to the area affected or the number of individuals impacted. Irreversibility evaluates the difficulty of restoring the impacts, which may be challenging or impossible to fully restore. The process assessed the Company’s Impacts, Risks and Opportunities (IRO) at the Group level, as the Company specializes in flexible plastic packaging and its production units are located in low-risk regions: Greece, Poland and Australia. The IRO identification process was conducted across the entire value chain of the Company and subsequently consolidated into overall IRO by topic. The evaluation was based on expertise, benchmarking and research. Description of material impacts, risks and opportunities arising from the materiality assessment Negative impacts Actual Impact – Greenhouse Gas Emissions Greenhouse gas emissions within the Company’s value chain are significant due to their long-term impacts on global climate change. Emissions originate from upstream activities (e.g. raw material suppliers and st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 130

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY transportation), own operations (e.g. manufacturing processes and energy consumption), as well as downstream activities (e.g. final use, disposal and recycling). Monitoring and reducing emissions is critical for compliance with regulatory requirements. Actual Impact – Energy Consumption/Production Energy consumption throughout Company’s operation is a critical factor, as it leads to greenhouse gas emissions. Given the global momentum toward sustainability and climate targets, the Company’s production processes contribute to its environmental footprint. This impact is significant both for Company and the industries it serves, making energy efficiency a major issue. Improving energy efficiency and adopting renewable energy sources throughout Company’s value chain can significantly reduce greenhouse gas emissions and contribute to climate change mitigation. Actual Impact – Air Emissions from industrial activities The Company’s upstream activities, such as raw material processing, generate non-greenhouse gas (non- GHG) air pollutants, including particulate matter (PM), volatile organic compounds (VOCs) and nitrogen oxides (NOₓ), which can adversely affect local ecosystems and public health. These pollutants may cause respiratory and cardiovascular problems in local populations. However, the impact is assessed as moderate due to regulatory oversight and the emission controls implemented by the Company. The Company uses advanced emission control technologies, including low-emission machinery and waste management practices, to minimize air pollution. As a result to these efforts, emissions are maintained well below environmental safety thresholds. Potential Impact – Waste The Company's production activities lead to the creation of significant quantities of waste, increasing the overall volume of waste produced. This situation has serious environmental impacts, affecting both natural ecosystems and human health. Actual Impact - Resource Outputs The Company’s production and distribution processes generate substantial resource outputs with energy requirements. Despite improvements in sustainable sourcing and production efficiency, the Company still relies on fossil-fuel-based plastics and energy-intensive supply chains. Potential Impact – Health and Safety Ensuring the health, safety and overall well-being of our employees is not just a regulatory obligation, but a fundamental value that defines our business ethics. Investing in a safe and supportive work environment enhances job satisfaction, protects the organization’s reputation and serves as a guarantee for our long- term sustainability. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 131

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Positive impacts Positive Impact – Ethical Corporate Culture and Compliance Standards A strong ethical corporate culture and compliance with international standards have a significant impact on Company’s reputation, employee satisfaction and customer loyalty. Ethical business practices promote a transparent and trustworthy environment, helping the Company attract and retain talented personnel, build stronger business relationships and reduce the risk of legal consequences. In the long term, this enhances the Company’s competitiveness and sustainable growth. Positive Impact – Stable Employment The Company is a key employer in the communities where it operates, particularly in the areas surrounding its production facilities in Greece, Poland and Australia. The Group, by applying contemporary human resources management practices, offering competitive salaries and benefits and providing development incentives, creates a meritocratic and privileged work environment, as evidenced by the long-term retention of its employees. Risks Climate Change - Physical risks associated with climate change, such as floods and wildfires, pose a threat to the Company’s operational continuity. Such extreme events may cause direct material damage to production facilities and critical infrastructure, or lead to indirect disruptions across the supply chain and distribution networks, affecting the flow of raw materials and the delivery of products. - Risks arising from increased regulatory pressure regarding direct and indirect greenhouse gas emissions, leading to higher costs, the need for new investments and increased compliance expenses. - Risk of Potential degradation of the Group’s image, in the event that it fails to meet the increasing environmental expectations of its customers. Resource Use and Circular Economy The risk of environmental non-compliance related to waste management constitutes a critical operational risk factor. Any deviations from the strict domestic and European regulatory framework may result in significant administrative sanctions and substantial financial penalties. At the same time, inadequate waste management practices may damage the Company’s corporate reputation, adversely affecting the confidence of investors, customers and local communities. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 132

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Own workforce Ensuring a stable and efficient working environment is a priority for the Company, as its own workforce is exposed to a range of critical operational and strategic risks. The lack of adequately skilled personnel, as well as gaps in training and skills development, constitute significant threats, as they may cause disruptions to business operations and lead to reduced productivity. At the same time, disruption of the work-life balance may increase employee absences and leave, undermining team cohesion. Particular emphasis is given to the risk of serious accidents, which, beyond the moral impact, carry the threat of significant administrative fines and irreparable damage to the Company’s reputation. A holistic approach to these challenges is essential to safeguard business continuity and maintain a safe and merit-based working environment. Business Ethics The maintenance of high standards of business ethics is fundamental to our operations. Any deviation involving corrupt practices exposes the Company to significant legal risks and administrative sanctions. Opportunities Opportunity – Enhancing Company’s Reputation and Market Leadership The Company places strong emphasis on the development of sustainable packaging. This effort not only differentiates the Company, but also meets the growing demand for environmentally friendly products. Sustainability is a key driver in the packaging industry and a leadership position in this area strengthens the Company's long-term market position and attracts customers and investors focused on responsible business practices. Opportunity – Enhancing Reputation through Ethical Culture and Compliance A strong ethical corporate culture has a direct impact on the Company’s reputation, consumer trust and employee satisfaction. Since sustainability and ethics are important selection criteria for partners and customers, reinforcing these principles is a valuable opportunity for long-term growth. Opportunity – Inclusive work environment Having a strong whistleblower protection system promotes a culture of transparency and trust, increases investor confidence and strengthens regulatory compliance. Opportunity – Social Responsibility and Local Development Enhancing the Company’s reputation through active engagement with the local community represents a significant opportunity to strengthen long-term value creation and build stakeholders trust. By implementing initiatives that address local community needs and contribute to social well-being, the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 133

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Company can demonstrate its commitment to responsible business ethics and strengthen its social license to operate. Opportunity – Operational Optimization through Digitalization The digital transformation of internal processes is a key driver for enhancing the Company’s operational efficiency. By adopting digital tools and automating workflows, the Company achieves significant reduction in operating costs and response times. This transition enables the optimization of resource use and the assurance of higher accuracy across all levels of the production and administrative chain. Disclosure of current and anticipated impacts of material effects, risks and opportunities on the business model, value chain, strategy and decision-making processes and how the business has responded or intends to respond to these impacts. Through the double materiality assessment, the Group has identified significant impacts (positive and negative), risks and opportunities, that affect the business model, value chain and strategic decision- making. The assessment of impacts, risks and opportunities refers to both the downstream and upstream value chain of the Company, not just its own operations. Current and Future Impacts The business model is designed to incorporate impacts, risks and opportunities related to its operations, ensuring profitability while reducing environmental and social impacts. Through strategic interventions and investments, the Group addresses challenges, leverages opportunities and adapts its operations to maintain resilience and foster growth. Waste Management & Circular Economy Waste generation in both upstream and downstream activities have led the Group to reduce non- recyclable packaging materials and ensure sustainable recycling practices. The business model is being adapted to incorporate recycled materials, reducing environmental footprint and enhancing brand reputation. CO₂ Emissions & Regulatory Frameworks Rising CO₂ emissions are driving new regulatory requirements from stakeholders. In response, the Company established a climate target, integrating it into the Sustainability Report (see ESRS E1 – Climate Change): Reduce Scope 1 and 2 CO₂ emissions by 2030. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 134

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Achieving this goal is expected to directly affect the business model, requiring alignment of strategic business decisions with emission reduction targets. Financial risks and opportunities that may lead to material adjustment in the next reporting period are as follows: Energy Consumption / Production: High energy prices significantly affect the Company’s production and transportation costs, impacting profit margins — especially, when combined with regulatory measures such as carbon pricing. Energy consumption is a key cost factor in the production process and any unfavorable changes in prices or the energy mix pose substantial financial risks. The greatest financial risk is found in upstream activities due to their energy-intensive nature, where even small price increases can significantly affect costs. However, improving operational efficiency and adopting renewable energy sources can help mitigate these risks. As a listed company, it has a robust risks management system that is reviewed by senior management and the Board of Directors to respond effectively to risks and opportunities. (See the IROs section for further details). The double materiality assessment conducted in 2025 includes the same material topics as the previous reporting period 2024, with no significant changes. The IROs were completed at Group level in accordance with the ESRS disclosure requirements. As such, no additional disclosures are required for individual entities. Material Impacts, Risks and Opportunities ESRS Type Impacts E1 Climate Change Greenhouse Gas Emissions: Actual Negative Greenhouse gas emissions within 1–5 years Flexopack’s value chain are significant Entire value chain due to their long-term impact on global climate change. Emissions originate from upstream activities (e.g. raw material suppliers and transportation), own operations (e.g. manufacturing processes and energy consumption), as well as downstream activities (e.g. final use, distribution and recycling). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 135

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY E1 Climate Change Energy: Actual Negative An existing adverse impact is the 1–5 years consumption of fossil fuels for the Entire value chain production of the Company’s products, which generates anthropogenic emissions into the environment. E2 Pollution Air Emissions from industrial activities Actual Negative The Company’s upstream activities, 1–5 years such as raw material processing, Own operations generate non-greenhouse gas (non- GHG) air pollutants, including particulate matter (PM), volatile organic compounds (VOCs) and nitrogen oxides (NOₓ), which can adversely affect local ecosystems and public health. These pollutants may cause respiratory and cardiovascular problems in local populations. However, the impact is assessed as moderate due to regulatory oversight and the emission controls implemented by the Company. E5 Resource use and circular economy Waste: Potential Negative The Company's production activities Own operations, lead to the creation of significant downstream activities quantities of waste, increasing the overall volume of waste produced. This situation has serious environmental impacts, affecting both natural ecosystems and human health. E5 Resource use and circular economy Outputs: The Company’s production Actual Negative and distribution processes generate <1 year substantial resource outputs with high Own operations energy demands. Despite improvements in sustainable sourcing and production efficiency, the Company still relies on fossil-fuel-based plastics and energy-intensive supply chains.Although efforts to a transition to a circular economy have commenced, reliance on virgin materials and high energy consumption continue to create an environmental burden. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 136

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY S1 Own workforce Stable Employment: Flexopack is a key Actual Positive employer in the communities, where it <1 year operates, particularly in the areas Own operations surrounding its production facilities in Greece. The Group, through the implementation of strong human capital management practices and the provision of competitive remuneration and benefits, along with career development incentives, fosters a merit-based and attractive working environment, as demonstrated by the long-term retention of its workforce. S1 Own workforce Health and Safety: Potential Negative The health, safety and well-being of 1–5 years employees constitute a critical factor Own operations for the Company and its reputation. G1 Business Ethics Corporate Culture: Actual Positive The digitalization of the Company’s >5 years processes and organizational structure Entire value chain strengthens business ethics, enhancing efficiency, transparency and consistency across all operations. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 137

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY ESRS Type Risks E1 Climate Change Physical risks arising from extreme Risk weather events (such as floods and >5 years wildfires), which may disrupt or cause Entire value chain damage to critical infrastructure. E1 Climate Change Increased regulatory pressure on Risk direct and indirect greenhouse gas >5 years emissions, leading to higher prices, the Entire value chain need for new investments and increased compliance costs E1 Climate Change Potential deterioration of the Group’s Risk image in the event that it fails to 1–5 years respond to the increasing Entire value chain environmental sensitivities of its customers. E5 Resource use and circular economy Risk of environmental non-compliance Risk in relation to waste management 1–5 years practices, which may result in the Own operations, downstream imposition of fines and damage to the activities Company’s reputation. S1 Own workforce Low productivity Risk 1–5 years Own operations S1 Own workforce Lack of work-life balance can lead to Risk increased staff leave 1–5 years Own operations S1 Own workforce Risk of serious accidents that may Risk result in the imposition of fines and 1–5 years damage to the Company’s reputation. Own operations S1 Own workforce Training and skills development Risk 1–5 years Own operations S1 Own workforce Lack of qualified personnel leading to Risk disruption of the Company’s 1–5 years operations. Own operations G1 Business Ethics Risk to the Company's reputation and Risk reduced visibility due to increased <5 years corruption indicators. Entire value chain st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 138

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY ESRS Opportunities Type E1 Climate Change Strengthening the corporate Opportunity image and expanding market <5 years presence by leveraging Own operations sustainable practices and offering products with a low environmental footprint. S1 Own workforce Strengthening the Company's Opportunity image due to the inclusive work 1–5 years environment. Own operations G1 Business Ethics Increased operational efficiency Opportunity due to the digitalization of the 1–5 years Company's processes and Entire value chain operations. ESRS disclosure requirements covered by the Company’s Sustainability Report [IRO-2] The FLEXOPACK Group’s Sustainability Report has been prepared in accordance with the requirements of the European Sustainability Reporting Standards (ESRS) and has specifically incorporated the Double Materiality process to identify key sustainability issues, as defined by the ESRS standards. According to this process, the material sustainability issues identified are directly related to the impacts, risks and opportunities that have the greatest impact and significance for stakeholders and the Group’s operational activities. On the other hand, the following topics were not considered material to the Company’s operations and value chain and therefore, have not been included in the disclosure requirements for the corresponding topical standards: • ESRS E3 - Water and Marine Resources • ESRS E4 - Biodiversity and ecosystems • ESRS S2 - Employees in the value chain • ESRS S3 – Affected communities • ESRS S4 – Consumers and end-users This means that, while these issues may be significant for other businesses or sectors, the Company has assessed that they do not have a direct impact on its operations and therefore, do not need to be included in the present Sustainability Report. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 139

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Subsequently, the Company has recorded in the Table data derived from other EU legislation, as defined in Annex B of ESRS 2. This data is presented with reference to its position in the report and includes both material and non-material topics, as outlined in ESRS 1 standard, paragraph 35. Non-material issues are classified in the table as “non-material” and do not require detailed presentation in the Sustainability Report, as they are not considered critical to FLEXOPACK’s performance or sustainability commitments. This data management approach and materiality assessment process enhances the Company’s alignment with ESRS standards and improves the transparency of corporate performance with respect to sustainability. ESRS – Materiality Table Disclosure requirement and Reference to the relevant EU Result of the materiality related data point. legislation assessment ESRS 2 GOV-1 Gender diversity Delegated Regulation (EU) Material on the board§21(d) 2020/1816, annex II ESRS 2 GOV-1 Percentage of Delegated Regulation (EU) Material independent board members 2020/1816, annex II §21(e) ESRS 2 SBM-1 Involvement in Delegated Regulation (EU) Not material tobacco-related activities 2020/1818 article 12 & (EU) §40(d)(iv) 2020/1816 annex II ESRS E1-1 Climate neutrality Regulation (EU)2021/1119 Material transition plan §14 article 2 ESRS E1-1 Excluded entities Delegated Regulation (EU) Material §16(f) 2020/1818 article 12 ESRS E1-4 GHG reduction Delegated Regulation (EU) Material targets §34 2020/1818 article 6 ESRS E1-6 Scope 1,2,3 Delegated Regulation (EU) Material Emissions §44 2020/1818 articles 5,6,8 ESRS E1-6 Emission intensity Delegated Regulation (EU) Material §53-55 2020/1818 article 8 ESRS E1-7 Absorptions and Regulation (EU) 2021/1119 Not material credits §56 article 2 ESRS E1-9 Exposure to Delegated Regulation (EU) Not material opportunities §69 2020/1818 annex II ESRS S1-1 Due diligence Delegated Regulation (EU) Material policies §21 2020/1816 annex II ESRS S1-14 Accidents and Delegated Regulation (EU) Material fatalities §88 2020/1816 annex II ESRS S1-17 Non-compliance Regulation (EU) 2020/1816 & Material with UNGP/OECD §104 2020/1818 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 140

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY ESRS S2-1 Non-compliance Regulation (EU)2020/1816 & Not material with UNGP/OECD §19 2020/1818 ESRS S2-1 Due diligence Delegated Regulation (EU) Not material policies §19 2020/1816 annex II ESRS G1-4 Fines for corruption Delegated Regulation (EU) Material §24 2020/1816 annex II The Company’s Sustainability Report fully complies with the disclosure requirements set out in the ESRS standards. Based on the Double Materiality process, the significant sustainability-related impacts, risks and opportunities are identified and the corresponding disclosure requirements are defined. This process reflects the Company’s commitment to focus on the areas that have the greatest influence and significance for its stakeholders and business operations. Information to be disclosed regarding impacts, risks and opportunities must incorporate the boundaries and criteria defined in ESRS 1, Section 3.2 – Material Topics and Materiality of Information. In cases where a policy or action affects multiple sustainability topics, such as climate change or working conditions, the framework’s guidance for reporting on these topics must be strictly followed. For full compliance with the ESRS, the following list of Disclosure Requirements followed in preparing the Sustainability Report is presented below. ESRS disclosure requirements table Code ESRS Disclosure Requirement Section / Reference BP-1 General basis for the preparation of the p. 107 sustainability statement BP-2 Disclosures regarding specific circumstances p.108 GOV-1 The role of administrative, management and supervisory bodies p.110 GOV-2 Information received by administrative, management and supervisory bodies p.115 GOV-3 Integration of sustainability-related performance into incentive systems p.117 GOV-4 Statement on due diligence p.118 GOV-5 Risks management and internal controls related to sustainability reporting p.119 SBM-1 Strategy, business model and value chain p.120 SBM-2 Interests and views of stakeholders p.125 SBM-3 Material impacts, risks and opportunities and their interaction with the strategy and business model p.135 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 141

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY IRO-1 Description of the process for identifying and assessing material impacts, risks and opportunities p.127 IRO-2 ESRS disclosure requirements covered by the Company’s Sustainability Report p.139 E1.GOV-3 Integration of sustainability performance into incentives (climate-related) p.117 E1-1 Climate change mitigation transition plan p.143 E1.SBM-3 Significant impacts, risks and opportunities (climate) p.143 E1.IRO-1 Climate risk identification and assessment processes p.143 E1-2 Climate change policies p.150 E1-3 Climate actions and resources p.151 E1-4 Climate targets p.151 E1-5 Energy consumption and mix p.152 E1-6 Greenhouse gas emissions (Scope 1,2,3) p.153 E2-1 Pollution policies p.155 E2-2 Pollution-related actions and resources p.155 E2-3 Pollution-related targets p.155 E2-4 Air, water and soil pollutants p.156 E2-5 Substances of concern and substances of very high concern p.156 E5-1 Resource use and circular economy policies p.156 E5-2 Actions and resources p.155 E5-3 Circular economy targets p.155 E5-4 Incoming resources (materials, recycled content, etc.) p.157 E5-5 Waste and outputs p.158 S1.SBM-2 Employee views p.168 S1.SBM-3 Impacts, risks and opportunities for employees p.168 S1-1 Employee policies p.169 S1-2 Employee engagement processes p.176 S1-3 Employee grievance mechanisms p.176 S1-4 HR risk management p.168 S1-6 Employee characteristics p.170 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 142

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY S1-8 Collective bargaining p.173 S1-9 Diversity indicators p.172 S1-12 Persons with disabilities p.172 S1-13 Training and development p.175 S1-14 Health and safety p.177 G1.GOV-1 Role of management p.178 G1.IRO-1 Risk assessment process p.179 G1-1 Business conduct policies p.180 G1-2 Suppliers relationships p.188 G1-3 Corruption prevention p.189 G1-4 Corruption incidents p.191 G1-5 Influence activities p.191 G1-6 Payment practices p.192 With respect for the environment Climate Change FLEXOPACK aware of the changes brought about by climate change and the associated risks, is considering the adoption of sustainable practices and the allocation of resources to maintain the sustainability of its activity. Through the conducted double materiality analysis, the most significant impacts, risks and opportunities directly or indirectly related to climate change were identified. Specifically, energy consumption and climate change mitigation emerged as the most significant impacts and risks in relation to the Group's activity. Impacts E1 Climate Change Greenhouse Gas Emissions: Actual Negative Greenhouse gas emissions 1–5 years within Flexopack’s value chain Entire value chain are significant due to their long-term impact on global climate change. Emissions originate from upstream activities (e.g. raw material suppliers and transportation), own operations of the Company (e.g. manufacturing st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 143

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY processes and energy consumption), as well as downstream activities (e.g. final use, distribution and recycling). E1 Climate Change Energy: Actual Negative An existing adverse impact is 1–5 years the consumption of fossil Entire value chain fuels for the production of the raw materials used by the Company, which generates anthropogenic emissions into the environment. Risks E1 Climate Change Physical risks arising from Risk extreme weather events >5 years (such as floods and wildfires), Entire value chain which may disrupt or cause damage to critical infrastructure. E1 Climate Change Increased regulatory pressure Risk on direct and indirect >5 years greenhouse gas emissions, Entire value chain leading to higher prices, the need for new investments and increased compliance costs. E1 Climate Change Potential negative impact on Risk the Group’s image, if it fails to 1–5 years respond to the increasing Own operations environmental expectations of its customers. Opportunity E1 Climate Change Strengthening the corporate Opportunity image and expanding market <5 years presence by leveraging Own operations st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 144

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY sustainable practices and offering products with a low environmental footprint. Resilience Analysis FLEXOPACK through the resilience analysis it carried out in 2025 for all of its facilities, proceeded to assess the climate risks and opportunities related to its activity, aiming to enable timely planning and adaptation of its business model to future conditions. The analysis was based on the principles and methodology of the ESRS and included an assessment of both physical and transitional risks, as well as opportunities related to climate change. Notably, the results of this analysis were integrated into the consultation process within the framework of the double materiality analysis, contributing to the identification of the Group’s most significant sustainability issues. For the assessment of physical risks, climate scenarios based on a combination of EU-CORDEX 11 climate models from the European Centre for Medium-Range Weather Forecasts (ECMWF) were used for the Group’s facilities in Europe, while Coupled Model Intercomparison Project Phase 6 (CMIP6) models were applied for facilities located outside the European Union. At the same time, to identify the most significant transition risks and opportunities, climate scenarios from the Network for Greening the Financial System (NGFS) were utilized. These scenarios incorporate future assumptions regarding economic growth and socio-economic developments, such as the development and adoption of “green” technologies, as well as potential regulatory and legislative changes. More specifically, the climate scenarios on which the analysis was based and their key assumptions were: Low-Emission Scenario– Net Zero 1 2 (using RCP2.6 from EU-CORDEX 11, SSP1-2.5 from CMIP6 and Net Zero from NGFS) A scenario aiming to limit the increase in global average temperature to 1.5°C by 2050 through the implementation of strict policies to gradually reduce greenhouse gas emissions and achieve climate neutrality. Under this scenario, transition risks may intensify, as the implementation of stricter regulatory requirements could lead, among other effects, to increased costs for fossil fuel energy and raw materials derived from fossil resources, such as plastics. 1 Where RCP: Representative Concentration Pathways. 2 Where SSP: Shared Socioeconomic Pathways. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 145

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Moderate Emissions Scenario – Intermediate Scenario (using RCP 4.5 from EU-CORDEX 11, SSP2-4.5 from CMIP6 and Nationally Determined Contributions (NDCs) from NGFS) An insufficient-transition Scenario, in which the goal of limiting the temperature increase to 1.5°C is not achieved, as greenhouse gas emissions are not reduced sufficiently under the existing Nationally Determined Contributions (NDCs). In this scenario, a gradual increase in carbon prices is expected due to strengthened climate mitigation policies, while fossil fuels maintain a significant share in the energy mix, despite the increasing use of renewable energy sources. High-Emission Scenario – Hot House World (using RCP 8.5 from EU-CORDEX 11, SSP5-8.5 from CMIP6 and Current Policies from NGFS) In this scenario, no substantial measures are taken to mitigate emissions, as stricter policies to address climate change are not implemented, resulting in the global average temperature gradually exceeding 2.5°C. The share of renewable energy in the energy mix does not change significantly compared to current levels and no substantial increase in energy costs is expected. At the same time, the prices of raw materials derived from fossil resources, such as plastics, are expected to remain relatively stable, as no policies are implemented to limit their use. Additionally, an increased frequency of extreme weather events is expected, which may cause disruptions to the supply chain and economic impacts for businesses. Furthermore, to assess the extent of the potential economic impacts, relevant data were collected and analyzed, including expenses related to energy consumption, the Group’s energy upgrade actions, greenhouse gas emissions, fuel consumption, compliance costs with environmental and energy regulations, as well as maintenance costs for facilities due to extreme weather events. The time period of the analysis was divided into three-time horizons and is based on the life cycle of the assets, as well as the characteristics of the business model and mode of operation: Short-term: < 1 year Medium-term: 1-5 years Long-term: > 5 years 3 Within the scope of the analysis assessed the most significant climate-related risks associated with the Company’s facilities in all countries, where it operates, including key raw material storage facilities. Specifically, in accordance with ESRS guidelines, both physical risks linked to gradual climate changes, 3 The methodology followed by FLEXOPACK in identifying the most significant impacts, risks and opportunities related to climate change recognizes the inherent uncertainty of climate models in relation to the assessment and geographical data. Within the value chain, the Company’s suppliers’ raw material storage facilities have been included, while assumptions were made for the remaining facilities based on the parameters of each scenario. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 146

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY such as rising temperatures and other long-term environmental changes and physical risks associated with sudden extreme weather events, such as floods and wildfires, were examined. At the same time, potential transition risks arising from changes that may bring the climate change at the political, social and economic levels were assessed, including the adoption of stricter regulatory frameworks, changes in consumer preferences and changes in product demand. Very High High Medium Low Very Low Impact Very Very Low Medium High low High Probability The assessment of the probability of the facilities being affected by climate-related risks and opportunities was carried out through statistical analysis across the three scenarios, each of which was evaluated across the three aforementioned time horizons. Additionally, the assessment process considered both the intensity and duration of the relevant changes, combined with a sensitivity analysis of the Group to the respective climate risks. At the same time, the assessment of the potential extent of financial consequences related to both physical and transition risks, as well as associated opportunities, was carried out based on the expertise and estimates of the Group’s responsible management personnel. The final assessment for each risk and opportunity was determined based on a combined evaluation of the probability of occurrence and the severity of impacts, with the overall risk level resulting from the product of these two parameters. The results of the Resilience Analysis are presented below in the following tables. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 147

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Physical Risks More severe in the Scenario Hot House World Results Title Description Short-term Medium-term Long-term The regions most affected by heatwaves are Greece, Spain, Australia, Serbia, New Zealand, and the The prolonged and more intense southern states of the USA (e.g., Texas), where occurrence of heatwaves may cause extremely high temperatures may impact employee potential operational disruptions and health, reduce productivity, complicate product negatively affect the efficiency of the transportation, lead to increased energy Group’s operations. consumptionand cause disruptions in daily operational processes, affecting the Group’s efficiency and business continuity Severe weather events, such as storms and floods, can cause operational disruptions at facilities, increase Floods may cause damage to safety risks for employees and create significant infrastructure and disrupt operations, challenges in product transportation due to power leading to delays, potential outages,limited road access and temporary operational disruptions and increased infrastructure inoperability, leading to additional restoration costs financial costs and heightened risk to business continuity. Transition risks More severe in the Scenario Net Zero Results Title Description Short-term Medium-term Long-term The tightening of regulations on greenhouse gas emissions may lead to increased operational expenses Risk of increased operating expenses for the Group, due to potential carbon charges, stricter due to the adoption of stricter compliance requirements and investments in low- regulations regarding GHG emissions. emission technologies. Delays in complying with the new environmental regulations could result in a loss of competitive advantage and higher operating costs. The strengthening of requirements for recycling and rational waste management, along with the tightening of related regulations, may significantly increase costs Risk of increased expenses related to for the Group. The need for investments in new waste management. processes, treatment technologies and material recovery systems, combined with continuously rising transportation and waste disposal costs, may burden operating results and reduce competitiveness in the event of delayed compliance. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 148

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Transition risks More severe in the scenario Net Zero Results Title Description Short-term Medium-term Long-term The tightening of regulations on plastic materials increases pressure on the packaging sector. Compliance with new legislation or the imposition of Risk of increased compliance costs due overly ambitious targets may require product redesign, to new requirements for plastic investments in new technologies, and/or a shift to packaging. more expensive or less readily available materials. Delays in adaptation could lead to higher costs, penalties and loss of competitiveness, affecting the Group’s financial results and market position. The Group’s failure to timely adapt to increasing environmental expectations from customers may negatively impact its reputation and reduce trust in its products. Growing environmental awareness in the Potential reputational damage to the market drives consumers toward more sustainable Group if it fails to meet increasing solutions, so any inability to meet new criteria could environmental expectations of result in customer loss and reduced demand. customers. Furthermore, competitors differentiating themselves through more ‘green’ practices could increase pressure, leading to a deterioration of the Group’s commercial image. Opportunities More severe in the Scenario Net Zero Results Title Description Short-term Medium-term Long-term The gradual increase in demand for products and solutions that comply with sustainability principles may change existing procurement and collaboration Strengthening the corporate image standards, as customers increasingly integrate ESG and expanding market presence, criteria into their supplier selection processes. This utilizing sustainable practices and shift in demand can create opportunities for the Group offering products with a low to strengthen its competitive position and increase environmental footprint. revenues through the development and provision of products with a reduced environmental footprint and the adoption of sustainable practices. Climate risks and opportunities taxonomy note According to the assessment results, the main physical risks are identified under the Hot House World scenario, showing an increasing trend over time with the most intense impact in the long-term horizon. Specifically, heatwaves and floods emerged as the most significant risks, as they may cause operational disruptions, damage to infrastructure and increased restoration costs. At the same time, the most significant transition risks are identified under the Net Zero scenario and are expected to manifest with greater intensity in the long-term horizon. Specifically, these include the risk of increased operational expenses due to higher waste management costs, the burden of compliance with new regulatory requirements for plastic packaging and the potential deterioration of the Group’s reputation. At the same time, in the same scenario (Net Zero) and in the long-term time horizon, opportunities emerge, such as enhancing the Group’s reputation through the adoption of sustainable practices. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 149

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group uses the conclusions of the analysis to shape its strategic and operational planning, aiming to enhance preparedness for the impacts of climate change. To address physical risks, emphasis is placed on strengthening infrastructure and implementing preventive measures, while transition risks are managed through systematic monitoring of regulatory developments and the integration of sustainable solutions. In this context, the Group is considered to have appropriate procedures in place to address the relevant challenges over the short-term and medium-term horizons, while simultaneously enhancing long-term sustainability and corporate credibility. Policies Environmental Policy FLEXOPACK having adopted a specific Environmental Policy, seeks to align all of its activities with key principles for environmental protection. Within the framework of the Environmental Policy, which was updated in 2025, the Company has committed to improving its environmental performance, as well as to mitigate its climate change footprint through: • identifying risks and opportunities related to climate change, • optimizing processes for the management of raw materials and resources, • consuming the minimum required energy for operations to mitigate Greenhouse Gas (GHG) emissions and mitigate climate change, • reducing generated waste and ensuring its responsible management. Compliance with or exceeding the minimum requirements set by applicable environmental legislation is a key element for the implementation of the Policy. Furthermore, the importance of promoting recycling is emphasized, both as an internal process and as a practice that should be encouraged among customers and suppliers. The department responsible for implementing the Environmental Policy is the Quality Assurance Department. The Environmental Policy is available to all stakeholders through the Quality Assurance Department. Energy Management Policy The Company has established the Energy Management Policy within the framework of the implementation of the ISO 50001 certified Energy Management System, from which commitments arise regarding: • The adoption and monitoring of Energy Management goals across all levels of operations • Ensuring the necessary resources to achieve the energy targets • The continuous improvement of energy performance and the Energy Management System • Ensuring stakeholders expectations The scope of the Policy covers the Company’s production facilities in Greece. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 150

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Greenhouse Gas (GHG) emission reduction targets Through appropriate planning and the allocation of the necessary resources, the Company seeks to shape new conditions with regard to meeting its energy needs and mitigating climate change. FLEXOPACK monitors and records greenhouse gas (GHG) emissions across all of its facilities; however, to date it has not adopted Group-wide GHG emission reduction targets. In compliance with the National Climate Law, FLEXOPACK S.A. commits to reducing its GHG emissions by 30% by 2030 compared to the year 2019. Further information on the description of the target and the relevant action plan will be disclosed in a subsequent report. Actions FLEXOPACK recognizes the value of taking timely measures and actions to mitigate climate change and plans for the future are aimed in this direction. Actions to enhance energy efficiency or to increase the supply of energy from RES are options the Group is considering for adaptation to climate change as well as for compliance with regulatory developments. Although a unified climate transition plan to achieve climate neutrality by 2050 has not yet been established, the Group’s companies are proceeding with interventions with a central focus on continuously improving their energy performance. The table below presents some of the actions being carried out by FLEXOPACK subsidiaries, including the production of energy from RES and energy efficiency measures. Company Actions Description Expenditures Time Horizon FLEXOPACK PTY Production of Installation of ≈106 thousand € From August (Australia) Energy from RES photovoltaic 2025 panels at FLEXOPACK PTY facilities with a total capacity of 99 kW. The project is estimated to generate 168 MWh of st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 151

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY electricity annually. FLEXOPACK Energy Efficiency Installation of Capital Project Polska (Poland) Measures heat pumps at expenditures to completion by FLEXOPACK date ≈270 the 2nd quarter Polska facilities, thousand €. of 2027 with an Capital estimated 15% expenditures reduction in LPG required to consumption. complete the project ≈300 thousand €. Energy Monitoring The Company monitors and records the energy consumption of its facilities on an annual basis. Electricity consumption represents the most significant energy category for meeting its needs, while fuel consumption for stationary and mobile combustion is also considered important. The calculation of total energy is based on data pertaining to the Company’s own facilities, assets and activities, relative to the 4 previous year . Regarding the collection of energy data, information was sourced from electricity bills, meter readings and fuel invoices. Since the subsidiaries have their facilities in different countries, the energy mix of consumed electricity varies by country depending on the percentage of energy generated use of energy produced from RES. Specifically, to calculate the share of renewable energy consumed by the Group, the percentages of electricity from renewable sources reported in the Residual Energy Mix by the AIB were used for facilities in Poland and France. For facilities in Australia, corresponding national data were applied, while for facilities in Greece, data from DAPEEP were utilized. To convert fuels into energy units, energy conversion factors provided by the Ministry of Environment and Energy (YPEN) were used. The energy intensity was calculated against the total turnover of the Group for 2025, as reported in the financial statements, given that all of the Company’s activities belong to high-impact climate sectors. 4 A future report will consider including energy data for some FLEXOPACK facilities in the US that are not included in the 2025 calculations. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 152

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Energy consumption and energy mix Unit of 2025 2024 measurement (1) Fuel consumption from coal and coal-based products MWh 0 0 (2) Fuel consumption from crude oil and petroleum MWh 2,746.29 1,979.00 products (3) Fuel consumption from natural gas MWh 525.93 610.41 (4) Fuel consumption from other fossil sources MWh 0 0 (5) Consumption of electricity, heat, steam and cooling MWh 33,732.59 35,555.56 purchased or obtained from fossil sources (6) Total energy consumption from fossil sources MWh 37,004.81 38,144.97 Share of fossil sources over total energy consumption % 64.73% 67.33% (7) Consumption from nuclear sources MWh 155.34 476.26 Share of consumption from nuclear sources in total % 0.27% 0.84% energy consumption (8) Fuel consumption from renewable sources MWh 0 0 (9) Consumption of electricity, heat, steam and cooling MWh 20,007.82 17,904.57 from renewable sources (10) Consumption of self-generated energy from MWh 0.08 0 renewable sources (11) Total energy consumption from renewable sources MWh 20,007.90 18,025.35 Total Energy Consumption MWh 57,168.06 56,650.91 Specific Energy Consumption MWh/mn € 349.08 362 Gross Greenhouse Gas (GHG) Emissions The Company, in the context of the annual recording of Scope 1 and 2 GHG emission and within the framework of its climate adaptation strategy, aims to adopt indicators to monitor energy consumption across all its companies. Furthermore, for its facilities in Greece, FLEXOPACK already calculates and annually verifies Scope 1 and 2 emissions through an independent third party, in accordance with the ISO 14064-1:2018 standard, fulfilling its obligations under the National Climate Law. As shown in the following chart, electricity consumption represents the most significant source of GHG emissions from the 5 Company’s activity . 5 Flexopack has not financed any carbon absorption projects nor purchased carbon credits for 2025. Additionally, no specific policy for internal carbon pricing is applied. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 153

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Company is considering calculating emissions related to the value chain in a future report, as for 2025 it is below the threshold of 750 employees and there was no relevant requirement for the disclosure of Scope 3 emissions. Greenhouse gas (GHG) emissions Unit of 2025 2024 measurement Greenhouse gas (GHG) emissions of Scope 1 Gross greenhouse gas (GHG) emissions of Scope 1 tCO2eq 836.10 737.41 Percentage of Scope 1 greenhouse gas (GHG) emissions % 0% 0% from regulated emission trading systems. Scope 1 greenhouse gas (GHG) emissions distribution Direct emissions from stationary combustion tCO2eq 504.77 737.41 Direct Emissions from mobile combustion tCO2eq 257.23 Direct fugitive emissions arising from the release of tCO2eq 74.10 greenhouse gases in anthropogenic systems Biogenic CO₂ Scope 1 emissions tCO2eq 15.32 40.4 Scope 2 greenhouse gas emissions Gross Scope 2 greenhouse gas emissions (Location- tCO2eq 24,287.60 29,611.37 based) Gross Scope 2 greenhouse gas emissions (Market- tCO2eq 20,430.29 23,978.58 based) Percentage of Scope 2 greenhouse gas emissions % 0% 0% (Market-based) covered by guarantees of origin Total greenhouse gas emissions Total greenhouse gas emissions (location-based) tCO2eq 25,123.70 30,348.78 Total greenhouse gas emissions (market-based) tCO2eq 21,266.39 24,715.99 Specific greenhouse gas emissions Specific Greenhouse Gas Emissions (location-based) tCO2eq/mn € 153.41 194.00 Specific Greenhouse Gas Emissions (market-based) tCO2eq/mn € 129.86 158.00 For the calculation of Scope 1 and 2 GHG emissions, the Company relied on the same methodology as in the previous year. Specifically, the methodology used for the calculation of emissions, is based on the GHG Protocol as well as the relevant ISO standards (ISO 14064-1). The GHG emission conversion factors for Scope 1 and 2 are sourced from Ministry of Environment and Energy (YPEN) as provided under the National Climate Law, from DAPEEP for calculating emissions from electricity consumption at facilities in st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 154

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6 Greece and from the AIB for other facilities outside Greece . The Company does not generate any Scope 1 GHG emissions under regulated emission trading systems. Additionally, Guarantees of Origin certificates related to electricity consumption were not used in the calculation of GHG emissions, as the Company did not make any such purchases in 2025. As in 2024, the total Group turnover, as reported in the financial statements, was used to calculate GHG emission intensity. Net Revenue Unit of 2025 2024 measurement Net revenue used for the calculation of energy intensity and GHG emission intensity (total net € 163,767,721 156,593,000 revenue) Pollution As part of the double materiality assessment conducted for 2025, sustainability topics related to air pollution and the degradation of natural ecosystems were reassessed. The impacts, risks and opportunities related to pollution are presented in the table below. Impact E2 Pollution The Company’s upstream activities, such as raw Actual Negative material processing, emit non-GHG air pollutants Own Operations (PM, VOCs, NOₓ). Despite the potential impacts on local public health (respiratory/cardiovascular diseases) and ecosystems, the overall impact is assessed as moderate, due to the Company’s emission controls and compliance with the regulatory framework. Policies The Company monitors its activity and implements actions for its regulatory compliance, as well as adherence to European and national directives concerning the proper management of its waste and the maintenance of emissions below permissible levels. A separate Policy has not yet been adopted, as the existing Environmental Policy already includes commitments for the timely identification of 6 For Australia, GHG emission conversion factors from the Australian National Greenhouse Accounts Factors for 2024 were used. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 155

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY risks and hazards that could lead to environmental pollution. At the same time, through the Environmental Policy, strategic priority is given to the supply and use of safe raw materials. Actions, goals to avoid pollution At the same time, improvement procedures and new technologies are being considered to control pollution in order to ensure compliance with European Union environmental standards. Current environmental standards are followed to guarantee the proper management of generated waste and the prevention of pollution. No specific pollution-related target has been set to date, although the Company’s performance on this critical environmental issue is monitored within the framework of its compliance with the applicable regulatory requirements for environmental protection and pollution prevention. Monitoring The Company complies with regulatory requirements for monitoring and compliance with the relevant limits regarding pollutants released into the atmosphere from its production facilities. Specifically, in accordance with applicable legislation and the provisions of Joint Ministerial Decision 36060/2013 (Government Gazette 1450B), quantities of volatile organic compounds and particulate particles CO, NOₓ, 10 NMVOC, PMare recorded in an inventory report (EPRTR) and verified by an independent third party for facilities in Greece. The annual pollutant records from the Company’s facilities in Greece are submitted to the European Pollutant Release and Transfer Register (E-PRTR). Furthermore, all other production facilities fully comply with the applicable emission limits in the countries where they operate. Measurements at emission sources are conducted to calculate the quantities of air pollutants generated, while the data are verified by accredited external laboratories or independent auditors, as well as governmental authorities may also perform relevant inspections. Additionally, through regular assessments to identify pollution sources, mitigation actions are taken whenever potential risks are detected. Carbon monoxide (CO) Volatile organic Nitric oxide and nitrogen Particles with a (kg) compounds, excluding dioxide (NOx/NO2) (kg) diameter less than 10 methane (NMVOC) (kg) μm (PM10) (kg) 382.32 70.8 33.04 169.92 CO, NOx, NMVOC, PM10 emissions table (Data refers to production facilities in Greece). Resource Use and Waste Management FLEXOPACK during the double materiality analysis identified as most significant the impacts and risks related to its products as well as those associated with the management of its waste. Specifically, environmental impacts and risks may arise from the improper management of waste generated at its facilities and from the lack of circular practices at the end of its products’ life cycle. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 156

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Impact E5 Resource use and circular Outputs: Flexopack’s production and Actual Negative economy distribution processes generate Own operations substantial resource outputs with high energy demands. Despite improvements in sustainable sourcing and production efficiency, the Company still relies on fossil- fuel-based plastics and energy- intensive supply chains. While efforts toward circular economy transition have begun, the dependence on virgin materials and high energy consumption contribute to the company’s environmental burden. . E5 Resource use and circular Waste: Potential Negative economy Flexopack's production activities lead Own operations, Downstream to the creation of significant activities quantities of waste, increasing the overall volume of waste produced. This situation has serious environmental impacts, affecting both natural ecosystems and human health. Risk E5 Resource use and circular Risk of environmental non- Risk economy compliance related to waste 1–5 years management practices, potentially Own operations, Downstream resulting in fines and reputational activities damage to FLEXOPACK. Policies The Environmental Policy establishes the framework for FLEXOPACK’s compliance with applicable environmental legislation, while emphasizing the minimization of generated waste and its responsible subsequent management. Additional information on aspects of the Environmental Policy related to resource use and waste management is provided in the Climate Change section. Inputs st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 157

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The main categories of plastics used as raw materials in FLEXOPACK’s production process include quantities of polypropylene (PP) and polyethylene (PE), as well as other raw materials such as solvents or colorants. Due to legislative requirements (Regulations (EC) 1935/2004 and (EC) 282/2008), relating to the use of virgin packaging materials intended for food contact, the use of recycled material as a raw material is currently not permitted. The monitoring of raw material quantities required as inputs is carried out through digital recording systems (SAP), in combination with the use of barcode technology. All raw materials used in production are accompanied by certificates of origin issued by the respective suppliers from which they are procured. In addition, the use of resource flow tracking systems mitigates the risk of duplicate recording. Outputs The final products produced by FLEXOPACK consist of flexible plastic packaging solutions for food preservation. These products do not have a degree of reusability, as they primarily involve flexible plastic packaging materials. FLEXOPACK monitors the durability of its products through the quality control department, as well as within the processes established for its certification under ISO 9001 and BRCCS standards7. Furthermore, it has not become necessary to evaluate the durability of products in relation to comparative data from the packaging industry. The recyclability rate of FLEXOPACK’s products is estimated at 63%, excluding end-of-life treatment by the consumer. The methodology used to calculate the recyclability rate of the products was based on an assessment of the products sold that can be recycled after use in relation to the total products sold by FLEXOPACK. Waste management The Company has production facilities, offices and warehouses in various countries, where its subsidiaries operate, generating different categories of waste, the quantities of which are monitored and recorded in total. Among the most significant categories of waste generated in 2025 are plastic waste from the production process, paper/cardboard waste and mixed municipal waste. Regarding the production of hazardous waste, these concern certain quantities of paints and varnishes containing organic solvents, while no radioactive waste is produced or released into the environment. The tables below present FLEXOPACK’s waste flows and the methods used for their management. Waste streams 2025 Tons Percentage Used solvents 134.52 1.93% Paper 648.48 9.28% Plastic 5,951.04 85.18% 7 The relevant certifications pertain to Flexopack’s production facilities in Greece. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 158

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Pipe 51.71 0.74% Other non-hazardous waste 56.45 0.81% Ink consumables 0.25 0.00% Iron and steel 141.86 2.03% Electrical and electronic equipment 2.53 0.04% Total waste 6,986.83 FLEXOPACK GROUP Hazardous waste Unit of measurement 2025 2024 Recovery operations tn 239.48 39.46 Preparation for reuse tn 1.02 35.46 Recycling tn 133.75 - Other recovery operations tn 104.71 4 Disposal operations tn - 83.84 Incineration tn - - Landfilling tn - 83.84 Other disposal operations tn - - Non-hazardous waste Unit of measurement 2025 2024 Recovery operations tn 6,356.38 6,956.18 Preparation for reuse tn - 1,904.08 Recycling tn 1,953.51 2,291.68* Other recovery operations tn 4,402.87 2,760.42 Disposal operations tn 390.97 574.56 Incineration tn - - Landfilling tn 390.97 574.56 Other disposal operations tn - - Total waste tn 6,986.83 7654.04 Percentage of waste not recycled % 70.1% 70.05% (*The deviations from the previous year are attributed to the update of the methodology and the expansion of the reporting scope, as the 2025 data are now calculated at a consolidated group level. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 159

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY FLEXOPACK monitors its compliance with environmental regulatory obligations, as well as with the compliance requirements arising from the environmental permitting of its facilities concerning the management of waste generated from its production process. Specifically, the production facility in Greece has a dedicated process for the collection and reuse of inks from printing machines. After distillation to recover solvents, any solid residues are temporarily stored in special drums for their final management as hazardous waste by an external waste collection and management provider. Actions and Goals FLEXOPACK seeks to continuously improve the monitoring of the data it collects on the products it produces as well as on the data relating to its waste management. In addition, the implementation of actions such as improving the efficiency of the use of raw materials and improving recyclability during the production process is being considered. Specifically, internal processes are being considered for the reuse of production waste material, such as the introduction of scrap recycling units within its manufacturing facilities to enable internal utilization. At the same time, opportunities for collaboration with external recycling or waste recovery providers are being explored to ensure optimal waste management. No quantitative or qualitative targets have been designed so far regarding waste management, however, it is a strategic orientation for the Company's activity to be governed by the optimal utilization of resources, the implementation of innovations and the monitoring and reduction of waste produced. Waste monitoring and recording FLEXOPACK’s total waste quantities are reported by category, based on their hazard level and management method. Waste quantities are recorded through actual weight measurements at production facilities using calibrated equipment, as well as through internal audits and the collection of documentation from waste management providers. Specifically, annual internal audits are conducted to verify the reported data for the various waste categories. The segregation of waste by management category is based on European recovery or disposal codes. Regarding any assumptions made when reporting waste management data, these relate to the waste category, where if the necessary information is not available, the waste quantities are classified as general waste. Disclosures under art.8 of EU Taxonomy Regulation The EU Taxonomy Regulation (EU) 2020/852 establishes the criteria based on which an economic activity can significantly contribute to the 6 environmental objectives of the European Union in order to determine the extent to which such activities can become environmentally sustainable or contribute in the transition to a sustainable economy as a whole. The purpose of the Taxonomy is to channel private funds to activities that will help the Union achieve its goals and commitments through the identification of sustainable investment opportunities by investors. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 160

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Environmental Objectives The environmental objectives of the European Union, as have been stated through the EU Taxonomy Regulation (art.9, R.2020/852/EU) are the following: (a) climate change mitigation, (b) climate change adaptation, (c) the sustainable use and protection of water and marine resources, (d) the transition to a circular economy, (e) pollution prevention and control, (f) the protection and restoration of biodiversity and ecosystems. The delegated acts adopted under the Taxonomy Regulation provide technical screening criteria which must also be met to constitute taxonomy alignment. At the moment of publication of the present, report the Taxonomy-eligible activities have been set out by 2 Delegated Acts currently in force. In 2021, the EU adopted the first Delegated Act 2021/2139 (EU) which set out activities and technical screening criteria for substantial contribution towards objectives (a)-(b) above, including DNSH criteria for other objectives. Moreover, in 2023, the second Delegated Act 2023/2486 (EU) was published and adopted regarding activities significantly contributing to environmental objectives (c)-(f) above. Technical screening criteria for environmentally sustainable economic activities In order to determine the degree to which an activity is aligned with the respective criteria the following elements have to be examined: (a) it contributes substantially to one or more of the above-mentioned environmental objectives (b) it does not significantly harm any of the environmental objectives (c) it is carried out in compliance with the minimum safeguards laid down in Art.18 of the Taxonomy Regulation and (d) it complies with technical screening criteria that have been established through the respective Delegated Acts. According to the EU Taxonomy framework in effect at the date of this report, companies within scope are required to disclose the amount and proportion of activities that are eligible, non-eligible and aligned with environmental objectives, expressed as a percentage of turnover, capital expenditures (CapEx) and operating expenditures (OpEx). For the 2025 reporting year, the Group adopted the new methodology defined by the Delegated Regulation (EU) 2026/73, utilizing the prescribed simplifications and materiality thresholds to determine the reported activities. The assessment was conducted in accordance with Regulation (EU) 2020/852, as supplemented by Delegated Regulations (EU) 2021/2139, (EU) 2021/2178, (EU) 2023/2485 and (EU) 2023/2486. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 161

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY EU Taxonomy-eligible activities of FLEXOPACK Group Flexopack Group has reviewed extensively the activities currently included within the EU Taxonomy framework as described in Delegated Regulations 2021/2139 (EU) and 2023/2486 (EU) and concluded that the only activity that corresponds to its activities falls under environmental objective (d) "Transition to a Circular Economy". Specifically, the Group's products were deemed to be included in the activity "CE 1.1 Manufacture of plastic packaging goods", as this activity is included in Delegated Regulation 2023/2486 (EU) approved in 2023. It should be noted that, following the application of the methodology under Delegated Regulation (EU) 2026/73, no additional eligible activities were identified, nor any actions exceeding the Group’s defined materiality thresholds. Following the identification of eligible business activities, Flexopack Group assessed the alignment based on the required technical criteria. However, for the current financial year, it was not possible to confirm the alignment with Do-No-Significant-Harm (DNSH) criteria, as the relevant activity was not accompanied by the required assessment of impact of natural climate risks. The following presents the main environmental characteristics/criteria of the Group's products in relation to the circular economy. Recycled raw materials criterion The products produced by Flexopack can be categorized according to their use in two categories: - Food-contact applications (FCA) – packaging materials that come into direct contact with sensitive products (food) - Nonfood-contact applications (non FCA) - packaging materials that do not come into direct contact with sensitive products For FCAs, there are European regulations (EC 1935/2004, EC 282/2008) which prohibit the use of recycled plastic in their production to avoid possible risks of transferring harmful substances, by-products of the recycling process, to consumers. The vast majority of products produced by Flexopack concern packaging materials that come into direct contact with sensitive products (food) Food-contact applications (FCA). Following the above regulations, it is obvious that Flexopack cannot introduce any percentage of recycled product into the production of FCAs. Regarding the non-FCA category, a quota of 20% to 50% of recycled raw material in the structure has already been introduced, with aim in the coming years the quota of recycled raw material is expected to exceed 50% in these applications. Product recyclability criterion Our products are mainly composed by PE, PP, PA, EVOH which are recognized as recyclable in principle by various organizations and institutes worldwide. The majority of our products meet the recycling specifications as defined by international organizations and independent testing laboratories, e.g. Cyclos, OPRL, APCO, Fostplus, Valipac, Recyclass. Many of our st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 162

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY products are designed for recycling and/or mono-materials, in order to be compatible with the highest recyclability requirements. It should be noted that each of the components that make up the finished packaging materials produced by Flexopack performs a specific role in terms of protecting the food content. We believe that protecting food and maximizing shelf life (especially in today's era where global supply chains face a multitude of challenges that lead to delays) is a key sustainability goal. Qualitative information Accounting Policy The consolidated and separate financial statements of FLEXOPACK PLASTICS SA of December 31st 2025 covering the period from January 1st up to December 31st 2025, have been prepared in accordance with the International Financial Reporting Standards (IFRS), as those have been adopted by the European Union. The accounting principles applied for the preparation of the EU Taxonomy KPIs are described in Note 2 «Basis for the preparation of the financial statements» as well as in Note 3 «Basic accounting principles» of the «Annual Financial Report» of December 31st 2025. To avoid double counting in the calculation of the numerator of the Key Performance Indicators (KPIs) for Turnover, Capital Expenditures and Operating Expenditures, for activities that contribute substantially to more than one environmental objective, the relevant KPIs are attributed to a single objective only. Proportion of the total turnover. The proportion of eligible economic activities in the total turnover was calculated on the basis of the net turnover from the sale of goods corresponding to activities included in the Taxonomy framework (numerator), divided by the total net turnover (denominator), both referring to the financial year 2025. Specifically, the total Group turnover is presented in line «Turnover» of the «Statement of Income» as well as in Note 6.19 of the consolidated «Annual Financial Report of year 2025». For the previous year, the Group’s eligible activity amounted to 42% of total turnover. Proportion of the total CapEx. It was calculated based on capitalized expenditures incurred for asset additions or processes associated with eligible economic activities and includes the Taxonomy's eligible capital expenditures (numerator) divided by total capital expenditure (denominator). Total capital expenditure includes additions to tangible fixed assets as well as intangible assets and right-of-use assets during the period of use, before depreciation and any impairment. The total capitalized expense is calculated based on the Statement of Financial Position and is the sum of the following elements included in the consolidated «Annual Report of year 2024»: line «Additions» in «Tangible fixed assets» (Note 6.1), line «Additions» in «Intangible assets» (Note 6.3), as well as line «Additions» in «Right of Use Assets» (Note 6.14). st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 163

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY For the previous year, the Group’s eligible activity accounted for 1% of total Capital Expenditures (CapEx). The significant increase in eligible CapEx to 23% is attributed to investments in energy-efficient machinery and air-conditioning infrastructure, which are related to the Group’s eligible activity. Proportion of the total OpEx. It was calculated on the basis of operating costs related to research and development, repair and maintenance of assets or processes corresponding to eligible economic activities and includes the Taxonomy-eligible operating costs (numerator) divided by the total operating costs for repair and maintenance as well as operating costs related to research and development. The EU Taxonomy's definition of operating expenditure includes expenditure on research and development, building renovation, maintenance and repair, as well as any other direct expenditure related to the day- to-day servicing of tangible assets. For the previous year, the Group’s eligible activity accounted for 40% of total Operating Expenditures (OpEx). The information presented in this report complies with the requirements of the Taxonomy Regulation and the relevant Delegated Regulations issued up to the time of this publication. The relevant guidelines have a relative margin of interpretation and are constantly adapted to the needs of the process. Taking this into account, the Flexopack Group pays particular attention to relevant developments and adjusts its approach depending on the assumptions and applicable methodology. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 164

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY KPIs EU Taxonomy KPIs Turnover st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 165

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY KPIs CapEx st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 166

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY KPIs OpEx st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) Amounts in thousands euro 167

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Our people Group Approach At the Group, our people remain our top priority. We strive to create an open and supportive work environment, that promotes equal opportunities, diversity and inclusion. Through policies and procedures, we enhance transparency and accountability across the entire scope of our operations. The Group respects and safeguards the human and labor rights of all employees. As of 31/12/2025, the Group employed a total of 589 individuals, all of whom are salaried employees. Through the Double Materiality Analysis conducted, the Group identified its material impacts on employees, as well as the risks and opportunities related to them. Specifically, the Analysis revealed the following impacts, opportunities and risks: Impacts – Risks – Opportunities Impacts S1 Own workforce Flexopack is a key employer Actual Positive in the communities where it <1 year operates, particularly in the Own operations areas surrounding its production facilities in Greece. The Group, by applying contemporary human resources management practices, offering competitive salaries and benefits and providing development incentives, creates a meritocratic and privileged work environment, as evidenced by the long- term retention of its employees. S1 Own workforce Health and Safety: Potential Negative The health, safety and well- 1–5 years being of employees Own operations constitute a critical factor for the Company and its reputation. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 168 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Risks S1 Own workforce Low productivity Risk 1–5 years Own operations S1 Own workforce Lack of work-life balance can Risk lead to increased staff leave 1–5 years Own operations S1 Own workforce Risk of serious accidents that Risk may result in the imposition 1–5 years of fines and damage to the Own operations Company’s reputation. S1 Own workforce Training and skills Risk development 1–5 years Own operations S1 Own workforce Lack of qualified personnel Risk leading to disruption of the 1–5 years Company’s operation. Own operations Opportunities S1 Own workforce Strengthening the Company's Risk image due to the inclusive 1–5 years work environment Own operations Policy on violence & harassment prevention and combat in the workplace and on management of internal reports of violence and harassment incidents The Policy on violence & harassment prevention and combat aims to create a safe working environment that promotes and safeguards human dignity and diversity, while protecting human rights. The Policy is in compliance with articles 9 and 10 of l.4808/2021 and the implementing regulatory legislation and it applies to all employees and personnel of the Company and other Flexopack Group entities, regardless of the specific contractual status that connects them to them, including individuals undergoing training, including interns and apprentices, volunteers, former employees and job applicants. The Policy includes provisions regarding the identification of risks related to violence and harassment, the implementation of appropriate measures, as well as the management of reports and incidents of violence and harassment, designating the responsible party. The HR Director is responsible for the implementation of the Policy, which is accessible to all relevant stakeholders via the corporate website. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 169 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Code of Ethics and Ethical Conduct The Code of Ethics and Ethical Conduct constitutes a set of rules for proper professional conduct. The Code sets out the commitments of the Company and its employees regarding the principles and rules that should govern every aspect of its operations, as well as the relationships between the Company, its employees and all stakeholders. The Code includes regulations regarding its principles and values related to human rights and diversity, health and safety and the environment. Additionally, it governs obligations toward third parties as well as the duties and commitments of employees. The Regulatory Compliance Unit is responsible for updating the Code, while the HR Director is responsible for its implementation and any violations. The Code applies to all employees and Management and is available on the corporate website. Whistleblowing Policy and Procedure The Company has established a Whistleblowing Policy and Procedure, which aims to establish a comprehensive framework for the protection of individuals who report violations of national and European law. The Policy establishes the principles and framework under which the Company receives, processes and investigates both named and anonymous reports of irregularities, omissions, or other unlawful acts that come to the attention of individuals falling within the scope defined in the previous section of this Policy. At the same time, the Policy establishes a specific procedure for receiving and managing reports, as well as provisions for protecting the reporting individual. The Policy applies to all individuals employed by the Company who, in the course of their employment, have acquired information regarding violations and in particular all members of the Board of Directors and its Committees, Company and Group personnel regardless of their contractual status, as well as suppliers and service providers to the Company and other Group entities and those working under their supervision and instructions. The person responsible for implementing the Policy is the Whistleblowing Officer and the Policy is available on the corporate website. Employee distribution 2025 Company / Category Total employees Indefinite employment Fixed-term contract contract FLEXOPACK SA 391 391 0 Men 312 312 0 Women 79 79 0 FLEXOPACK POLSKA 112 72 40 Men 78 47 31 Women 34 25 9 FLEXOPACK PTY 64 59 5 Men 39 37 3 Women 25 22 2 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 170 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY FLEXOPACK FRANCE 3 3 0 Men 2 2 0 Women 1 1 0 FLEXOPACK UK 7 7 0 Men 3 3 0 Women 4 4 0 FLEXOPACK USA 9 9 0 Men 5 5 0 Women 4 4 0 FLEXOPACK SERBIA 1 1 0 Men 0 0 0 Women 1 1 0 FLEXOPACK IRELAND 1 1 0 Men 1 1 0 Women 0 0 0 FLEXOPACK SPAIN 1 1 0 Men 1 1 0 Women 0 0 0 Employee distribution 2024 Company / Category Total employees Indefinite employment Fixed-term contract contract FLEXOPACK SA 382 382 0 Men 305 305 0 Women 77 77 0 FLEXOPACK POLSKA 93 93 0 Men 64 64 0 Women 29 29 0 FLEXOPACK PTY 64 64 0 Men 38 38 0 Women 26 26 0 FLEXOPACK FRANCE 3 3 0 Men 2 2 0 Women 1 1 0 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 171 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Employee resignations Category 2025 2024 Voluntary resignation 138 101 contract termination 33 8 Retirement 10 0 Death 0 0 Total 181 109 The employee turnover rate stood at 30% in 2025, compared to 20% in 2024. (The deviations from the previous year are attributed to the update of the methodology and the expansion of the reporting scope, as the 2025 data are now calculated at a consolidated Group level) Diversity, equal opportunities and the protection of human rights Within the Group, providing equal opportunities to all employees is at the core of efforts to create an open and inclusive work environment. The promotion of diversity governs every aspect of the Group, both in the recruitment process and during the development of employees within the organization. Diversity Policy The Group has established a Diversity Policy, which aims to create the appropriate conditions to promote respect for diversity and provide equal advancement opportunities to all employees based on objective and merit-based criteria. The Policy defines Diversity, Equality, Inclusion, Discrimination and Victimization in the workplace, while clearly affirming respect for diversity based on identity or demographic characteristics such as age, disabilities, gender and gender identity, nationality and race, religious or non-religious beliefs, sexual orientation, national origin from experiential factors, including skills, competencies, academic training and background in general, as well as cognitive diversity, such as ways of thinking, learning, personality and working styles. The Policy applies to the Company as well as to all entities within the Group and concerns all administrative, management and supervisory bodies of the company. Specifically, it includes all members of the Company’s Board of Directors (executive, non-executive, independent non- executive), the Company’s Chief Executive Officers and their Deputies (one or more), other individuals, excluding Board of Directors members, who serve on Committees established within the framework of corporate governance and Senior and Top Executive Management, as defined in the Policy. The Policy explicitly addresses ensuring equal representation in positions of responsibility and Management. The Human Resources Department is responsible for implementing this Policy, which is available on the corporate website. The Group’s commitment to promoting diversity and combating discrimination based on personal characteristics is a key aspect of its approach. The number of employees with disabilities remained stable (1 person) in 2025, the same as in 2024. Additionally, at the Group level, the gender pay gap stood at 26%, with a pay ratio of 0.75. In 2024, the gender pay gap amounted to 42.46%, with a pay ratio of 2.64. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 172 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Senior management distribution by gender Year Gender Number Percentage (%) 2025 Men 26 90% 2025 Women 3 10% 2024 Men 6 67% 2024 Women 3 33% (The deviations from the previous year are attributed to the updated methodology and the expanded reporting scope, as the 2025 data are now calculated at a consolidated Group level) Employee distribution by age Age Group 2025 2024 <30 96 83 30–50 298 291 51+ 195 171 Furthermore, the Group respects and safeguards the human and labor rights of its employees, ensuring full compliance with the laws and regulations of the countries in which it operates. All Group employees are covered by collective labor agreements, social security and receive adequate remuneration. At the same time, no human rights violations were recorded in 2025, as detailed below: Indicator 2025 2024 Number of discrimination 0 0 incidents Number of complaints 0 0 submitted through reporting channels by individuals within the company’s own workforce to raise concerns Number of fines, penalties €0 €0 and compensation for damages as a result of discrimination incidents, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 173 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY including harassment and submitted complaints Number of serious human 0 0 rights issues and incidents related to the workforce Number of serious human 0 0 rights issues and incidents related to the own workforce that constitute non- compliance cases with the UN Guiding Principles and OECD Guidelines for multinational enterprises Number of serious human 0 0 rights incidents and issues related to human resources Number of fines, penalties €0 €0 and compensation for serious human rights issues and incidents related to human resources The recruitment process is free from any kind of discrimination based on personal characteristics, aiming to select the most suitable candidate for each position. In this direction, priority is given to the internal movement of employees who express interest. The goal of this process is to ensure that the right candidate fills the right position. Regarding external recruitment, job postings are published on both LinkedIn and the company website and for recruitment candidates are evaluated based on professional and interpersonal skills, as well as specific qualifications relevant to the position. Recruitment Policy and Procedure The Policy aims to define the guidelines and procedures followed by the Group for fair recruitment of personnel, with the objective of attracting the right individuals, who will contribute to its growth and success. The Policy applies to all recruitments carried out at Flexopack under indefinite or fixed-term employment contracts, whether full-time or part-time. The Policy establishes the core principles governing the recruitment process, including transparency, meritocracy, commitment to diversity and equal opportunities. Additionally, it outlines in detail the steps of the candidate recruitment process, as well as the onboarding procedure for new employees within the Company. Onboarding into the Company st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 174 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The candidate's onboarding into the Company is a process designed to ensure their effective and smooth integration into their new role and responsibilities. The process lasts 90 days and includes training tailored to the Department and job position, depending on whether the role is in production or office-based. The objective is for all employees to be fully informed about the Company’s procedures, policies and systems and to receive adequate training. The Hiring Manager and the Human Resources Department are responsible for monitoring the employee’s progress and development. Training and human resource development The Group systematically invests in the training and development of its employees, considering it a key tool for their continuous growth and successful career path. Through these training programs, the Group ensures that employees are educated on important issues related to its operation, procedures and policies, as well as matters directly related to their work. In this direction, training is offered across a wide range of subjects and where applicable, the Group funds training programs upon employee request and supervisor approval. Additionally, training in specific topics is provided, when a supervisor identifies a need, demonstrating the Company’s commitment to responding the individualized educational needs of employees. At the same time, employee development is directly linked to the evaluation process, which is conducted annually by supervisors to assess employee performance, identify areas for improvement and support their career progression within the Company. The criteria are common for all employees and include both qualitative and quantitative evaluation criteria, which are considered in the final assessment. The procedure is free from discrimination, while in order to ensure impartiality and transparency, employees have the right to file an objection, which is reviewed by the Human Resources Department. Average employee training hours Category 2025 2024 Men 11.37 4.7 Women 5.30 5.6 Total 9.84 4.9 Employee evaluation Category 2025 2024 Men 100% 100% Women 100% 100% Total 100% 100% st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 175 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Enhancing employee engagement Enhancing employee engagement is an ongoing effort, as we aim to build relationships based on mutual trust. The Group has established communication channels, that strengthen interaction with employees, allowing for the identification and effective management of issues. At the same time, the Human Resources Department is responsible for communicating with employees and appropriately addressing their concerns. Specifically, the following channels have been established: • Reports management mechanism • Mechanism for incidents of violence and harassment • Intranet • Complaint boxes • Open-Door Policy These channels enable direct communication and information flow with employees, ensuring transparency through adherence to established procedures. Through them, the Group is able to receive and assess employee concerns, as well as investigate complaints with discretion and confidentiality. Within this framework, the Group offers a set of additional benefits beyond those defined by law, with the aim of rewarding employees and enhancing their job satisfaction. For example: • Group insurance for employees and their families • Meal vouchers • Employee shuttle services • Travel expenses coverage • Mobile phone and company car, depending on the employee’s position Additionally, the Group respects the right of all employees to parenthood and complies with the legal provisions in each country, where it operates. Percentage of Employees who took leave for family reasons Category Gender 2025 (%) 2024 (%) Employees eligible - 100% 100% for family leave Employees eligible Women 2.03% 2.2% for and receiving Men N/A N/A maternity leave st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 176 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Employees eligible Men 1.81% 2.39% for and receiving Women N/A N/A paternity leave Employees eligible Men 5.9% 0 for and receiving Women 19.6% 0 parental leave Employees eligible Men 8.4% 0 for and receiving Women 19.6% 0 caregiver leave (Deviations from the previous year are attributed to the updated methodology and the expanded reporting scope, as the 2025 data are now calculated at a consolidated Group level) Health and Safety at Work For the Group, the Health and Safety of employees is a top priority, in order to ensure its effective operation. The Group's activity is directly associated with the risk of occupational accidents, therefore, the Group applies the principle of prevention, aiming at the effective management of work-related risks and the implementation of appropriate preventive measures. The Group invests in the upgrading and maintenance of equipment, strengthening prevention and mitigating potential risks, while ensuring full compliance with the applicable regulatory framework of each country. Through the Occupational Risk Assessment Study, the Company identifies and records potential risks in order to implement appropriate measures for each job position. At the same time, emphasis is placed on training and raising employee awareness on Health and Safety matters, with the aim of fostering a culture of prevention within the Company. At the same time, the Company encourages employees’ active participation and the communication of any issues they encounter, in order to resolve them promptly and effectively. All employees may report any concerns to their supervisor, who in turn escalates them to the Human Resources Department so that appropriate measures can be taken. Additionally, employees can also contact the Safety Technician regarding any Health and Safety issues. All employees (100%) are covered by the Occupational Health and Safety System. Safety Technician plays an important role in ensuring the proper implementation of health and safety standards by systematically monitoring working conditions, conducting inspections and incident investigations and takes the necessary observations in accordance with the applicable legislative framework. In this context, its presence at the Company’s facilities was strengthened in 2025. An Occupational Physician is available, along with permanent nursing staff on-site at the parent company’s facilities. Health and Safety Indicators st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 177 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Indicator 2025 2024 Number of work-related 0 0 deaths due to injuries and health issues in the own workforce Number of recorded 19 17 workplace accidents Percentage of recorded 16.12 15.56 workplace accidents Number of cases of recorded 0 0 work-related health problems, subject to legal restrictions on data collection Number of lost working days 550 415 due to injuries and deaths from work-related accidents, work-related health problems and deaths due to health problems Corporate Governance Group’s approach The FLEXOPACK Group has developed a coherent and structured governance framework for business conduct, integrating the policies, procedures and compliance mechanisms applied across the entire range of its activities. This framework reflects Management’s commitment to integrity, transparency and responsible corporate operation and constitutes a foundation for the cultivation and continuous strengthening of the corporate culture. The Board of Directors plays a central role in shaping, supervising and evaluating business conduct. Its role is explicitly defined in the Company’s Regulation of Operations and the Code of Ethics and Ethical Conduct, while supervision is supported by specialized Committees, that ensure the proper implementation of relevant policies and procedures and the effective management of risks related to ethics and conduct. The competence of the Board of Directors members in matters of business conduct, ethics and regulatory compliance is ensured through the established suitability procedures, initial and periodic evaluation, as well as targeted information and training initiatives. These procedures cover, among other, issues of integrity, conflicts of interest, ethical obligations, prevention of corruption and bribery and proper business conduct, within the framework of the Board of Directors’ oversight responsibilities. The adequacy of the Board of Directors members’ knowledge and experience in matters of business conduct is reviewed periodically in st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 178 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY accordance with the relevant corporate governance policies. For more information, please refer to Section ESRS 2 and the Corporate Governance Statement in Section G of Chapter 2 of the Annual Financial Report. Through the Double Materiality Analysis conducted, the Group identified its material impacts, risks and opportunities related to broader business conduct. Specifically, the Analysis highlighted the following impacts, risks and opportunities: Impacts G1 Business Ethics Corporate Culture: Actual Positive The digitalization of the Company’s processes and >5 years organizational structure strengthens business Entire value chain ethics, enhancing efficiency, transparency and consistency across all operations. Risks G1 Business Ethics Risk to the Company's reputation and reduced Risk visibility due to increased corruption indicators. <5 years Entire value chain Opportunities G1 Business Ethics Increased operational efficiency due to the Opportunity digitalization of the Company's processes and 1–5 years operations. Entire value chain The results of the Double Materiality Analysis confirm that business conduct is a critical factor in shaping corporate culture and ensuring the integrity and reputation of the Group. The recognition of an actual positive impact at the level of corporate culture is directly linked to the existence of established policies, procedures and compliance mechanisms, which promote transparency, accountability and responsible behavior across all organizational levels. At the same time, the identification of reputational risk highlights the importance of consistently applying the business conduct framework and promptly managing incidents that may adversely affect stakeholders trust. Finally, the identified opportunity to improve operational efficiency through digitalization reflects the potential to improve the effectiveness of compliance, reporting and monitoring processes, contributing to the reduction of operational risks and the overall strengthening of the corporate governance system. Within the context of the Double Materiality Analysis, the topic G1-1: The business conduct and corporate culture was identified as material for the Group. Consequently, the relevant disclosures are presented in accordance with the mandatory requirements of the European Sustainability Reporting Standards (ESRS). The remaining G1 pillar issues were not identified as material for the reporting period. Nevertheless, the Group chooses to disclose them on a voluntary basis in order to provide a more comprehensive overview st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 179 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY of its corporate governance framework, business conduct and applied Policies and practices, enhancing transparency and understanding of stakeholders. The Group’s business culture is shaped through the Code of Ethics and Ethical Conduct, internal Regulations and Policies, developed through their integration into core functions and procedures, promoted through awareness initiatives, training and available reporting mechanisms and evaluated through the supervision of the Board of Directors, the competent Committees, regulatory compliance procedures and the Internal Control System. The governance system covers the entire cycle of prevention, detection, management and remediation of potential impacts related to corporate conduct issues. Clear mechanisms have been established for reporting, investigating and addressing incidents, that contradict the Company’s values and ethical rules. In this context, a formalized Whistleblowing procedure is implemented, which ensures confidentiality, objective investigation and protection of reporting individuals against retaliation. The procedure also provides for the mandatory abstention from the investigation of any person who may have a conflict of interest, strengthening the independence and credibility of the process. The Company applies a zero-tolerance approach toward any form of active or passive bribery. At present, there is no stand-alone anti-Corruption and anti-Bribery Policy with explicit reference to the United Nations Convention against Corruption. However, relevant principles and prohibitions are incorporated within the existing framework of business conduct Policies and Procedures. More specifically, relevant principles are included in the Code of Ethics and Ethical Conduct and in the Whistleblowing Policy and Procedure, where it is explicitly stated that reportable violations include acts of fraud, corruption and any form of offering or acceptance of benefits. At the same time, the Company plans to revise the Code by explicitly incorporating references to international legislation on the prevention of bribery and corruption, with a target timeline set for 2027. During the reporting period, no formal assessment was conducted to formally identify positions or functions that may present the highest risk in relation to incidents of corruption or bribery. In this context, the possibility of implementing a more structured framework to identify such functions is being considered, as part of the gradual strengthening of compliance procedures. The aim of this approach is the potential further integration of the relevant identification into the overall risk mapping, contributing to the reinforcement of existing control mechanisms. At the same time, the development of more targeted training actions on these issues is being considered, particularly for functions that may be assessed as higher risk in the future. In the following section, the Regulations, Policies and Procedures related to business conduct are presented in detail, along with the manner in which the Company cultivates and reinforces its corporate mindset. Business conduct policies and corporate mindset The following is an analysis of the individual Regulations and Policies-Procedures related to the Corporate Governance pillar (G) and illustrates how the Group and the parent Company create, develop and promote the overall business culture across all stakeholders. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 180 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Regulation of Operations The Company's Regulation of Operations constitute the fundamental corporate governance framework for the Company and its significant subsidiaries. It governs the structure, operating procedures and supervisory bodies, as well as the responsibilities of the Board of Directors and its Committees. It includes provisions for the Internal Control System, risk management, compliance, as well as the Sustainability Development Policy, which is incorporated into the Regulation as a special chapter. The scope of the Regulation encompasses all activities of the Company and its significant subsidiaries, without exception and applies to all organizational levels. The responsibility for its implementation and supervision lies with the Board of Directors, as expressly defined in the relevant provisions. The Regulation is based exclusively on the applicable Greek regulatory framework (L.4548/2018, L.4706/2020, L.4449/2017) and the Greek Corporate Governance Code, without additional references to external standards. In its formulation, the interests of key stakeholders are taken into account, as reflected in the provisions on transparency, accountability, shareholders protection and reliable financial and non-financial reporting. A summary of the Regulation is published on the Company’s official website, ensuring access for all affected stakeholders. Audit Committee Regulation of Operations The Regulation of Operations of the Audit Committee defines the framework of organization, operation and responsibilities of the Committee, in full compliance with the applicable Greek regulatory framework (L.4449/2017, L.4706/2020) and the Greek Corporate Governance Code. Its content reflects the main objectives of the Committee, which include the monitoring of financial information, the supervision of the Internal Control System, the risk management process and regulatory compliance, as well as the supervision of the mandatory audit of financial statements, including non-financial sustainability information. The exercise of the Committee’s responsibilities is carried out through regular meetings, the maintenance of minutes and the submission of reports to the Board of Directors, while the Committee continuously assesses the adequacy and effectiveness of the Internal Control System. The scope of the Regulation covers all activities of the Company without exceptions and is binding on all Committee members appointed by the General Meeting. The Board of Directors is as the highest supervisory body for the implementation of the Regulation, approving the relevant reports and ensuring the proper operation of the Committee. In its establishment, the interests of key stakeholders, in particular shareholders and investors, are taken into account, while the Regulation is published on the Company’s official website to ensure accessibility and transparency. Remuneration & Nomination Committee Regulation of Operations The Remuneration & Nomination Committee Regulation of Operations determines the framework of organization, operation and responsibilities of the Committee, in compliance with the provisions of L. 4706/2020 and L.4548/2018, as well as with the Greek Corporate Governance Code. The purpose of the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 181 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Committee is to support the Board of Directors in the preparation and review of the Remuneration Policy and the Remuneration Report, as well as to submit documented recommendations for the nomination of suitable candidates for members of the Board of Directors, in accordance with the Suitability Policy. The scope of the Regulation covers all members of the Committee, who are non-executive members of the Board of Directors, with the majority and the Chairman being independent members, as provided for by the applicable regulatory framework. The Regulation defines the composition, term of office, frequency of meetings, decision-making procedures and responsibilities of the Committee in matters of remuneration, selection and succession of members of the Board of Directors. The Committee submits its recommendations to the Board of Directors, which has the final responsibility for approving policies and decisions related to remuneration and the nomination of candidate members. The Committee's Regulation of Operations is available on the Company's official website. Code of Ethics and Ethical Conduct The Code constitutes the fundamental framework for the Company's business conduct and applies exclusively to it, covering all organizational levels without exception. It defines the principles of integrity, professionalism, compliance with the applicable legislative framework, avoidance of conflicts of interest, protection of corporate assets and confidentiality, while providing for an explicit obligation to report violations through the established procedures. The responsibility for implementation and monitoring lies with the Management, which ensures that non-compliance results in the foreseen disciplinary consequences. The Code does not refer to international standards or external initiatives, it is based exclusively on the Greek regulatory framework and takes into account the interests of key stakeholders, such as employees, customers and partners, in the context of responsible and ethical operation. The text of the Code is publicly available on the Company's official website and is communicated to all personnel, ensuring full access and transparency to all those affected or required to comply with the foreseen principles. Conflict of Interest Policy and Procedure The Conflict of Interest Policy and Procedure is included into the Company’s Regulation of Operations and establishes the framework for the prevention, identification and management of situations in which personal, financial or other interests may influence the objective and impartial performance of duties. The Policy is binding on all management bodies and executives of the Company and also applies to transactions with related parties, in accordance with the applicable legislative framework (L.4548/2018, L.4706/2020). The content of the Policy provides that the members of the Board of Directors and the Company’s executives are required to disclose any actual or potential interest that may conflict with the interests of the Company and to abstain from decision-making processes, where a potential conflict exists. The obligation of disclosure and abstention is expressly set out in the Regulation of Operations and constitutes a prerequisite for ensuring transparency and integrity. The Board of Directors is responsible for overseeing the Policy, ensuring that all relevant parties comply with the disclosure and abstention procedures. The implementation of the Policy is supported by the regulatory compliance and internal st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 182 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY audit functions, which monitor adherence to the relevant procedures within the framework of their duties. The summary of the Policy is incorporated into the summary of the Company’s Regulation of Operations, which is available on the Company’s official website. Policy and Procedure for Periodic Evaluation of the Internal Control System (ICS) The Policy and Procedure for Periodic Evaluation of the Internal Control System describes the framework through which the Company ensures the systematic, documented and effective evaluation of the Internal Control System (ICS), in accordance with the requirements of article 14 of Law 4706/2020 and the relevant Guidelines of the Hellenic Capital Market Commission. The content of the Policy covers the main objectives of the evaluation, which include the control of the operational adequacy of the ICS, the assessment of the risk management framework, the effectiveness of internal controls and the assurance of the reliability of financial and non-financial information. The Policy provides that it is systematically monitored and reviewed by the Internal Audit Unit, based on the annual audit plan approved by the Audit Committee, while a periodic evaluation is also conducted by an independent evaluator every three years, in accordance with regulatory requirements. Its scope covers all functions, procedures and organizational units of the Company, as well as the entire Risk Management System, without any exceptions. The responsibility for the implementation and monitoring of the Policy lies with the Board of Directors, while the Audit Committee oversees the process and evaluates its results, as defined in the Regulation of Operations. The Policy is based exclusively on the applicable Greek regulatory framework (L.4706/2020, L.4449/2017 and the relevant Guidelines of the Hellenic Capital Market Commission), without adopting additional external standards beyond the mandatory regulatory requirements. Its formulation takes into account the interests of shareholders and other stakeholders, given that the effectiveness of the Internal Control System (ICS) directly affects the quality and reliability of the Company’s disclosed corporate information. The summary of the Policy is incorporated into the summary of the Company’s Regulation of Operations, which is available on the Company’s official website, ensuring access for all affected parties. Training Policy for the Board of Directors Members and Executives The Training Policy for the Board of Directors Members and Executives is explicitly described in the Company’s Regulation of Operations and concerns the introductory and ongoing training of Board of Directors members and senior executives regarding their duties, the applicable regulatory framework and the Company’s corporate policies. The Policy aims to ensure the adequacy of knowledge regarding the strategy, business plans and budget, corporate governance, the Internal Control System, risk management and the principles of Sustainable Development, as provided for by the relevant provisions of the Regulation and the requirements of L.4706/2020. Its scope covers all members of the Board of Directors and certain executives of the Company, without exceptions and the responsibility for implementation and supervision lies with the Board of Directors. The Policy is not based on international standards beyond the mandatory Greek legislative framework and in its formulation the needs of stakeholders are taken into st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 183 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY account, in accordance with the provisions of the Regulation regarding operational organization and ongoing training. The summary of the Policy is made available to all affected stakeholders through the publication of the summary of the Company’s Regulation of Operations on the Company’s official website. Sustainable Development Policy The Sustainable Development Policy, as explicitly described in the Company’s Regulation of Operations, constitutes the primary framework through which the Company integrates the principles of sustainable development into its operations. The Company’s Regulation of Operations provide that the Policy is based on five thematic pillars: Corporate Governance, Market, Human Resources, Environment and Local Community, which reflect the Group’s basic guidelines for responsible business operation. The content of the Policy addresses the Company’s general commitments for each pillar, while the implementation and monitoring of the relevant actions are documented through publicly available information. The Policy is approved by the Board of Directors and communicated to all Company personnel. The Company’s Regulation of Operations do not impose additional external commitments to international standards or third-party initiatives beyond the applicable Greek legislative and regulatory framework. The Policy is made available to all stakeholders through the publication of its summary on the Company’s official website, ensuring access, understanding and alignment of employees and other recipients with the Company’s sustainable operations principles. Board of Directors Members Assessment Policy and Procedure The Board of Directors Members Evaluation Policy and Procedure, as explicitly described, is included in the Annex to the Regulation of Operations and is not published separately. Its content defines the principles and procedure for ensuring the fit and proper status of Board of Directors members, the assessment of their collective and individual adequacy, as well as the responsibility of the Remuneration and Nominations Committee for monitoring and recommending the results. The Policy applies to all members of the Company’s Board of Directors, the Chief Executive Officer, as well as their Deputies (one or more) and the members of the Board’s of Directors specialized Committees and it is explicitly provided that the Board of Directors is the highest organizational level responsible for its implementation. The summary of the Policy is incorporated into the summary of the Company’s Regulation of Operations, which is published on the Company’s official website. Board of Directors Members and Chief Executive Officer Succession Policy and Procedure The Board of Directors Members and Chief Executive Officer Succession Policy and Procedure has been established to ensure continuity, operational effectiveness and the collective suitability of the Company’s administrative bodies, as explicitly provided in the Annex of the Regulation of Operations. Its content aims to maintain smooth administrative functioning, prevent management gaps, protect corporate governance, as well as ensure uninterrupted operational continuity and implementation of the Company’s strategy. The Policy applies to all members of the Board of Directors and the Chief Executive Officer, without exceptions. The responsibility for its implementation lies with the Board of Directors, in st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 184 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY accordance with the provisions of the Regulation of Operations. The Policy is not derived from third-party standards, but is based exclusively on the applicable legislative framework and the principles of corporate governance adopted by the Company. Stakeholders access is ensured through the integration of the summary of the Policy into the summary of the Regulation of Operations. Whistleblowing Policy and Procedure The Whistleblowing Policy and Procedure defines the framework through which all members of the Board of Directors and its Committees, individuals exercising managerial and/or administrative duties in the other Companies of the Group, as well as the Company’s shareholders, employees and suppliers and service providers to the Company and the other Group Companies, along with those working under their supervision and guidance, can safely and confidentially report violations of the applicable legislative framework, the Operating Regulations, the Code of Ethics and Ethical Conduct and the Company’s internal policies, as explicitly provided in the official text of the Policy. Its content defines the objectives of the mechanism, namely the timely and effective detection of violations, the protection of whistleblowers from retaliation and the enhancement of integrity, transparency and responsible business conduct within the Company. The Policy includes a distinct Reporting Mechanism, the available communication channels, the responsibilities of Whistleblowing Officer, as well as a detailed procedure for the receipt, recording, assessment and investigation of reports. It is explicitly provided that, in the event that the report concerns a person involved in the investigation process, that individual must abstain and be replaced by another, in order to ensure the impartiality and objectivity of the procedure. The scope of the Policy covers the Company and the Group, without exceptions and applies to all members of the Board of Directors, executives, employees, external partners and any third party interacting with the Company, as explicitly stated in the Policy text. Maintaining confidentiality, protecting personal data and prohibiting retaliation are fundamental commitments of the Policy. The Policy is explicitly based on: • Directive (EU) 2019/1937 of the European Parliament and of the Council on the protection of persons reporting breaches of Union law • Law 4990/2022, through which the Directive was incorporated into Greek law The responsibility for the implementation of the Policy is assigned to Whistleblowing Officer who is responsible for receiving, recording, evaluating and monitoring the progress of reports, as well as informing the relevant bodies, where required. The review of the proper functioning of the mechanism and compliance with legal requirements is conducted through the Regulatory Compliance Officer. The Policy is available to affected stakeholders, as it is published on the Company’s official website, as explicitly provided in the document. Diversity Policy The Group’s Diversity Policy defines the principles of equal treatment, equal representation and non- discrimination, as explicitly stated in the Policy text, covering the prohibition of any discrimination based st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 185 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY on gender, age, race, disability, religion, nationality, sexual orientation, marital status, or any other protected characteristic. The Policy sets a general objective of ensuring a working environment that promotes inclusion and respect, while recognizing that diversity enhances the functioning and decision- making within the Company. The content of the Policy is explicitly linked to the management of related risks and impacts, as it provides procedures for safeguarding equal treatment and a framework for addressing violations, as described in the sections on non-discrimination and workplace conduct. The scope covers all administrative, management and supervisory bodies of the Company and specifically: (a) all members of the Company’s Board of Directors (executive, non-executive, independent non-executive), (b) the Chief Executive Officers of the Company, as well as their Deputies (one or more), (c) other members of Board Committees and/or joint committees established within the corporate governance framework and (d) Senior and Top Executive Management Executives, as defined in the Policy, since this Policy explicitly refers to ensuring equal representation in positions of responsibility and within the Management. The responsibility for implementing the Policy lies with the Management and the relevant Human Resources executives, as stated in the provision regarding the maintenance and strengthening of a non-discrimination culture. The Policy is based on the applicable national and European regulatory framework on equal treatment and non-discrimination, to which it makes systematic reference. The Policy is made available to all stakeholders through its publication on the Company’s official website, ensuring full and uninterrupted access for every affected party. Risk Management Policy and Procedure The Risk Management Policy and Procedure defines the framework through which FLEXOPACK identifies, assesses, manages and monitors the risks associated with its business activity, as explicitly described in the relevant document. The Policy defines the fundamental principles and procedures of the Risk Management System, which is structured around four pillars: risk identification, assessment, response and monitoring and reporting. The content of the Policy provides procedures for the annual identification and assessment of risks, mapping of inherent and residual risk, preparation of a Risk Profile and definition of an Action Plan. Monitoring of implementation is conducted through risk indicators and semi-annual reports, in accordance with the provisions set out in the Policy and Procedure. The scope covers the Company and may extend to its subsidiaries, without any exceptions. The overall responsibility for overseeing the risk management framework rests with the Board of Directors, while the Audit Committee has a coordinating and supervisory role regarding its implementation. The Risk Management Unit is responsible for the operational support of the framework, the collection and evaluation of information and the coordination of the Risk Owners. The Head of Risk Management reports functionally to the Audit Committee and administratively to the Chief Executive Officer. The role of the Internal Audit Unit is defined as independent and objective, with responsibility for assessing the adequacy and effectiveness of the risk management process. The Policy does not include reference to external standards or mandatory legislation, nor does it provide for a consultation process with stakeholders during its definition. Its availability is intended for the competent bodies within the Company and any amendment are approved st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 186 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY by the Board of Directors. The summary of the Policy is incorporated into the summary of the Company’s Operating Regulations, which is published on the Company’s official website. Suitability Policy for the Members of the Board of Directors The Suitability Policy for the Members of the Board of Directors, which was approved by the Ordinary General Meeting on 25.06.2021 and was published separately on the Company’s official website, establishes the framework through which FLEXOPACK ensures that members of the Board of Directors possess the required qualifications, skills, experience and integrity, in accordance with the provisions of Law 4706/2020 and the guidelines of the Hellenic Capital Market Commission. The content of the Policy explicitly sets out the criteria for individual suitability, which include at least: • Professional competence and knowledge relevant to the Company’s activities. • Integrity and reputation, including a check for any involvement in cases of financial crime, fraud or violations of corporate legislation. • Independence of judgment and the ability to make objective decisions. • Sufficient availability of time, as explicitly defined in the Policy. • Financial and business experience, as required by the role. At the same time, the Policy provides for collective suitability criteria, such as: • adequate diversity of knowledge and skills, • expertise in accounting, auditing, corporate governance and sustainable development, • sufficient experience of at least one member in financial matters. The Policy also sets out the procedures: • initial and periodic evaluation of members, • review of suitability in the event of a material change, • documentation of the results and submission of recommendation to the Board of Directors. The scope covers exclusively all members of the Board of Directors, regardless of their position and applies at every stage of selection, renewal or succession. The responsibility for implementation and monitoring lies with the Board of Directors, with the Remuneration and Nominations Committee being responsible for assessing suitability and submitting related decisions. The Policy is implemented in accordance with the applicable Greek regulatory framework and the Greek Corporate Governance Code and does not refer to third-party standards. The interests of shareholders and other stakeholders are taken into account through the assurance of transparency, meritocracy and the effective operation of the corporate bodies. The Policy has been published separately on the Company’s official website, ensuring full access for all stakeholders. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 187 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Hellenic Corporate Governance Code (HCGC) In full compliance with article 17 para 1 of L.4706/2020, the Company’s Board of Directors, by its decision dated 16.07.2021, officially adopted and implements the principles, best practices and self-regulatory recommendations of the new Hellenic Corporate Governance Code (HCGC), which was issued by the Hellenic Corporate Governance Council (HCGC) in June 2021 and replaced the previous 2013 Code. The Company declares that it is subject to the HCGC, with the deviations and exceptions presented in detail in para 2.2 of the “Corporate Governance Statement”, in the Board of Directors’ Management Report and in Section G’ of Chapter 2 of the Company’s Annual Financial Report. The adoption of the Code constitutes an integral part of the Company’s corporate governance framework and enhances transparency, accountability and compliance with applicable regulatory requirements. Supplier Relationship Management FLEXOPACK Group is active in the production of flexible plastic packaging materials primarily targeting the food industry. The nature of the business requires strict control over raw materials and suppliers, given that compliance with food safety standards, regulatory requirements for food-contact materials and quality systems is a critical factor for business continuity. In this context, supplier relationship management focuses primarily on ensuring quality, traceability and regulatory compliance. Suppliers are categorized into 40 expenditure categories, while the percentage of domestic partners is the majority, which enhances operational flexibility and contributes to the management of supply chain risks. At present, it should be noted that there is no standalone, formal Policy for the prevention of late payments to suppliers, including Small and Medium-Sized Enterprises (SMEs). The payment framework is determined by the agreed contractual terms with each supplier and is implemented through internal procedures, without a dedicated policy beyond the contractual obligations. The selection and re-evaluation of suppliers are carried out based on standardized Selection Criteria and Re-Evaluation Criteria, which include qualitative and operational factors such as price, product quality, reliability and consistency of delivery, financial stability, the supplier’s reputation and position within the industry, willingness to collaborate, conduct and relevant quality, hygiene and sustainability certifications, warranty policies, production capabilities, technical competence, compliance with procedures and geographical location. The re-evaluation also includes additional indicators such as the number and causes of complaints per year, the quality and timeliness of certifications, delivery consistency and the effectiveness of technical support. It is noted that a continuous risk assessment process is applied to the supply chain, taking into account, among other factors, suppliers’ operational performance, the quality and consistency of deliveries, availability levels and overall market trends. The main risks are evaluated based on their likelihood of occurrence and potential impact on the Company’s operations and include, for example, delivery delays, production interruptions, cost increases and issues of quality compliance. When risks are identified, st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 188 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY mitigation measures are activated in accordance with internal protocols and business continuity plans, implemented in coordination with the Procurement function. In the context of its BRCGS Packaging Materials and ISO 9001 certifications, FLEXOPACK implements enhanced technical and regulatory requirements for all procured raw materials. For each new material, the Company requires the submission of an official Declaration of Compliance for Food Contact, as well as complete technical and regulatory documentation, as provided under European legislation. This documentation includes: • compliance with Regulations (EU) 10/2011, 1935/2004 and 2023/2006, • overall and specific migration test results, • lists of monomers and additives with specific migration limits, • list of “dual use” additives, • confirmation of compliance with the requirements of the U.S. FDA 21 CFR framework, • compliance with Regulation (EU) 2025/40 on packaging and packaging waste. In addition, explicit confirmation is required regarding the absence of PFAS, mineral oils of the MOAH/MOSH type, Bisphenol A, allergenic substances and substances of very high concern (SVHC), as well as the submission of the corresponding technical datasheets and safety data sheets. The relevant procedure explicitly states that materials not complying with these requirements are not accepted for use in production. Simultaneously, FLEXOPACK maintains an extensive portfolio of certifications and external assessments, such as ISCC Plus for sustainable and circular raw materials, ISO 50001 for energy management and BRCGS for packaging material safety. In addition, it participates in international assessment platforms such as SEDEX/SMETA (4-pillar) and EcoVadis, which evaluate labor practices, human rights, environmental management, corporate integrity and responsible procurement. Although these certifications and assessments are primarily applied to the Company itself, they also establish the framework of requirements and technical standards that are extended to its suppliers. Furthermore, within the Risk Register, supply chain-related risks are primarily identified in the areas of environmental and human rights issues. However, a comprehensive framework for monitoring suppliers’ labor standards has not yet been developed, in the form of standardized social compliance controls across the supply chain. Nonetheless, supplier performance is systematically monitored through existing re- evaluation criteria and compliance requirements with food safety and quality management standards, which constitute a non-negotiable element of FLEXOPACK’s operations. 8 Prevention and Detection of Corruption and Bribery 8 Within the framework of the Double Materiality Analysis, topic G1-1: Business conduct and corporate culture was identified as material for the Group. Consequently, related disclosures are presented in accordance with the mandatory requirements of the European Sustainability Reporting Standards (ESRS). Other topics within the G1 pillar were not deemed material for reporting purposes. Nevertheless, the Group chooses to disclose them on a voluntary basis, aiming to provide a more comprehensive view of the corporate governance framework, business conduct and the policies and practices applied, thereby enhancing transparency and stakeholders understanding. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 189 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY FLEXOPACK maintains high standards of integrity and responsible business conduct, as explicitly set out in the Code of Ethics and Ethical Conduct and in the Whistleblowing Policy and Procedure. The Company applies a zero-tolerance policy toward any form of active or passive bribery, a practice explicitly reflected in the obligations of its employees and associates. According to the Code, each employee is required to perform their duties in a manner that does not seek personal gain and does not use their position for personal gain. The offering or acceptance of any item of value, including cash, benefits, gifts, preferential treatment or business transactions, is explicitly prohibited, in order to prevent any undue influence on business decisions. This prohibition is also explicitly included in the Whistleblowing Policy and Procedure, which applies to the Group as a whole and specifies that reportable violations include, among others, acts of fraud or corruption and any form of offering or accepting a bribe. The Whistleblowing Policy and Procedure establishes a clear and protected framework for reporting violations. Reports are investigated by the Whistleblowing Officer with full impartiality and objectivity. In cases where a report involves a person participating in the investigation process, the Policy explicitly requires that the individual must abstain and be replaced by another, ensuring the independence, impartiality and reliability of the process. At the same time, the Group and the Company implement measures to protect against retaliation, as provided under national law (L.4990/2022) and EU legislation (Directive (EU) 2019/1937. In the event of retaliation in the work environment, the affected person reports the incident to the Human Resources Department, which immediately initiates an investigation and keeps the individual informed of the progress, with the aim of restoring a normal working environment. The process respects the presumption of innocence for both the reporting and the reported parties, ensuring the protection of all involved and maintaining necessary objectivity and impartiality. In this context, any of the aforementioned actions where deemed to constitute retaliatory conduct in response to any report or complaint, shall be considered null and void and has no legal effect. In any case, reporters benefit from the measures and protections provided under the applicable regulatory framework (for example, articles 18 to 22 of L.4990/2022). It is emphasized that personal data and any information that directly or indirectly identifies the reporting person are not disclosed to anyone other than the authorized personnel of the Company responsible for receiving or monitoring the reports, unless prior consent is given by the whistleblower. For this purpose, the Company implements appropriate technical and organizational measures, such as the use of pseudonyms during the monitoring of the report and communication with the competent authorities. The findings of the investigations are communicated to the relevant organizational units and where required, to the Board of Directors. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 190 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 9 Incidents of corruption or bribery The Company has not identified, through the Double Materiality assessment, any risks related to business integrity issues such as corruption and/or bribery. Consequently, there is no specific action plan beyond the provisions of the Code of Ethics and Ethical Conduct and the Whistleblowing Policy. During the reporting period, no convictions or fines for violations of laws related to the prevention of corruption and bribery have been recorded. Political influence and lobbying activities 10 Within the framework of the double materiality assessment, FLEXOPACK’s political influence and lobbying activities were not identified as a material topic for reporting purposes and therefore, they are presented in a summarized manner in accordance with the requirements of Regulation 2023/2772, which introduces the European Sustainability Reporting Standards (ESRS). FLEXOPACK does not make financial or in-kind political contributions to parties, candidates or political organizations. This practice is fully aligned with the applicable Greek regulatory framework, which prohibits anonymous companies from financing political parties and electoral lists (e.g., Presidential Decree 26/2012 on the electoral procedure). During the reporting period, no sponsorships, donations, or other similar payments were made. At the same time, the Company participates exclusively in collective European technical initiatives within the industry, with the aim of exchanging know-how and supporting the development of common positions on sustainable packaging issues. In particular, FLEXOPACK is a member of CEFLEX (Circular Economy for Flexible Packaging), a recognized European platform included in the EU Transparency Register. This participation relates exclusively to technical matters, such as the design of recyclable flexible packaging, material upgrading and the strengthening of circular economic practices and is not associated with political or electoral activities. FLEXOPACK does not participate in procedures of direct political influence towards public authorities or political figures, nor does it carry out individual interventions. The supervision of the relevant participations and activities rests with the Board of Directors, which is informed, where appropriate, of significant developments related to European industry initiatives. Furthermore, no member of the Board of Directors or senior executive has held a position in public 9 Within the framework of the Double Materiality Analysis, topic G1-1: Business conduct and corporate culture was identified as material for the Group. Consequently, related disclosures are presented in accordance with the mandatory requirements of the European Sustainability Reporting Standards (ESRS). Other topics within the G1 pillar were not deemed material for reporting purposes. Nevertheless, the Group chooses to disclose them on a voluntary basis, aiming to provide a more comprehensive view of the corporate governance framework, business conduct and the policies and practices applied, thereby enhancing transparency and stakeholders understanding. 10 Within the framework of the Double Materiality Analysis, topic G1-1: Business conduct and corporate culture was identified as material for the Group. Consequently, related disclosures are presented in accordance with the mandatory requirements of the European Sustainability Reporting Standards (ESRS). Other topics within the G1 pillar were not deemed material for reporting purposes. Nevertheless, the Group chooses to disclose them on a voluntary basis, aiming to provide a more comprehensive view of the corporate governance framework, business conduct and the policies and practices applied, thereby enhancing transparency and stakeholders understanding. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 191 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY administration or regulatory authorities within the two years prior to their appointment, in accordance with the relevant requirements of the corporate governance framework. Payment Practices Within the framework of the double materiality assessment, the management of commercial payment terms and in particular the timely settlement of suppliers was not identified as a material sustainability issue. Therefore, the issue is disclosed in this section in accordance with the requirements of the applicable legislative framework for the disclosure of issues omitted due to non-materiality. Despite its non-material classification, the Company systematically monitors its payment practices, adhering to the agreed terms with its suppliers. During the reporting period, the average time for the payment of invoices from the start date of the contractual or statutory payment term amounted to 70 days. The Company’s standard payment terms, by main supplier category, are at least 60 days, while approximately 80% of total payments are made in accordance with the aforementioned agreed terms. During the same period, there were no pending judicial or other legal proceedings relating to delays in payments to suppliers. The payment process is governed by the Company’s internal policies and procedures and is implemented based on defined approval levels and agreed payment terms with suppliers. Payments are executed according to a predetermined schedule, in coordination among the relevant organizational units, ensuring compliance with contractual terms and the current operational framework. The Company does not maintain a separate policy on timely payments or a policy supporting SMEs, beyond the contractual procedures applied in the course of its day-to-day operations. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 192 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Independent Auditor’s Limited Assurance Report on the Sustainability Report of FLEXOPACK S.A. To the shareholders of the Company “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” We have conducted a limited assurance engagement on the consolidated Sustainability Statement of “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” (hereinafter the “Company” and/or “Group”), included in the section “Sustainability Report” of the consolidated Board of Directors’ Report (hereinafter the “Sustainability Report”), for the period from 01.01.2025 to 31.12.2025. Limited assurance conclusion Based on the procedures we have performed, as described below in the paragraph “Scope of Work Performed”, as well as the evidence obtained, nothing has come to our attention that causes us to believe that: • the Sustainability Report is not prepared, in all material respects, in accordance with article 154 of Law 4548/2018 as amended and in effect by Law 5164/2024, which incorporated article 29(a) of EU Directive 2013/34/EU into the Greek legislation; • the Sustainability Report does not comply with the European Sustainability Reporting Standards (hereinafter “ESRS”), in accordance with Regulation (EU) 2023/2772 of the Commission of 31 July 2023 and Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022; • the process carried out by the Group for the identification and assessment of material impacts, risks and opportunities (hereinafter the "Process"), as set out the Note to the Sustainability Report, does not comply with "Impact, Risk, and Opportunity Management" of ESRS 2 "General Disclosures"; • the disclosures included in the section “Disclosures in accordance with Article 8 of the Taxonomy Regulation” of the Sustainability Report are not in compliance with Article 8 of Regulation (EU) 2020/852. Basis for the conclusion st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 193 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The limited assurance engagement was conducted in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised) “Assurance Engagements Other than Audits or Reviews of Historical Financial Information” (hereinafter “ISAE 3000”). The procedures in a limited assurance engagement vary in nature and timing from and are less in extent than for a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Our responsibilities are further described in the “Auditor’s Responsibilities” section. Professional Ethics and Quality Management We are independent from the Company throughout this work and have complied with the requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants (IAS Code), the ethics and independence requirements of Law 4449/2017 and EU Regulation 537/2014. Our auditing firm applies the International Standard on Quality Management (ISQM) 1 “Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services engagements”, and consequently maintains a comprehensive quality management system, which includes documented policies and procedures regarding compliance with ethical requirements, professional standards, and applicable legal and regulatory requirements. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Responsibilities of the Company’s Management for the Sustainability Report The Company’s Management is responsible for designing and implementing an appropriate Process to identify the information reported in the Sustainability Statement in accordance with the ESRS and for disclosing this Process in section “Basis for Preparation” of the Sustainability Report. More specifically, this responsibility includes: • Understanding the context in which the Company and Group activities and business relationships take place and developing an understanding of its affected stakeholders; • Identifying the actual and potential impacts (both negative and positive) related to sustainability matters, as well as risks and opportunities that affect, or could reasonably be expected to affect, the Company’s and Group’s financial position, financial performance, cash flows, access to finance or cost of capital over the short-, medium-, or long-term; • Assessing the materiality of the identified impacts, risks and opportunities related to sustainability matters by selecting and applying appropriate thresholds; and • Making assumptions that are reasonable in the circumstances. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 194 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Company’s and the Group’s Management is further responsible for the preparation of the Sustainability Report, in accordance with article 154 of Law 4548/2018 as amended and in effect by Law 5164/2024, which incorporated article 29(a) of EU Directive 2013/34/EU into the Greek legislation. In this context, the Company’s and the Group’s Management is responsible for: • Ensuring compliance of the Sustainability Report with the ESRS; • Preparing the disclosures in section “Disclosures in accordance with the Article 8 of the Taxonomy Regulation” of the Sustainability Report in compliance with Article 8 of Regulation (EU) 2020/852; • Designing and implementing such internal controls that management determines are necessary to enable the preparation of the Sustainability Report that is free from material misstatement, whether due to fraud or error; and • Selecting and implementing appropriate reporting methods and making assumptions and estimates about individual sustainability disclosures within the Sustainability Report that are reasonable in the circumstances. The Company’s Audit Committee is responsible for supervising the drafting process of the Company’s Sustainability Report. Inherent limitations in preparing the Sustainability Report The data used for the preparation of the Sustainability Report include, in certain cases, Management’s estimates and assumptions, as well as information derived from third-party providers or industry standards. As stated in the Note “Disclosures in relation to specific circumstances [BP-2]” of the Sustainability Report, for the fiscal year 2025, the Group did not use quantitative data regarding upstream and/or downstream value chain activities derived from indirect sources. Wherever possible, directly measured or verifiable data were used; consequently, the relevant disclosures regarding the use of indirect value chain data sources are not applicable for the current reporting period. The Company's Management has identified the hypotheses and assumptions used for the measurement of the relevant sustainability indicators and relies on direct measurements, operational data, and accepted industry standards, in order to ensure the accuracy and consistency of the reported information. Based on current circumstances and the nature of the elements disclosed, Management estimates that there are no significant sources of measurement uncertainty in the sustainability data included in the Sustainability Report. In cases where uncertainties arise, these are appropriately disclosed within the Sustainability Report. In disclosing forward-looking information in accordance with ESRS, the Company’s Management is required to prepare the forward-looking information on the basis of disclosed assumptions, about events that may occur in the future and possible future actions by the Company and the Group. Therefore, actual future results may differ from those reported in the Sustainability Report. As disclosed in the Note “Resilience Analysis’ in the Sustainability Report, the information incorporated in the relevant disclosures is based, inter alia, on climate-related scenario analyses. Such scenarios are st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 195 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY subject to inherent uncertainties with respect to the likelihood, timing, and potential impact of future climate-related physical and transition risks. Our work covered the items listed in the “Scope of Work Performed” section to obtain limited assurance based on the procedures included in the Program, as this is defined in this section. Our work does not constitute an audit or review of historical financial information, in accordance with applicable International Standards on Auditing or International Standards on Review Engagements, and therefore we do not express any assurance other than those listed in the "Scope of Work Performed" section. Auditor’s responsibilities This limited assurance report has been drawn up based on the provisions of Article 154C of Law 4548/2018 and Article 32A of Law 4449/2017. Our responsibility is to plan and perform the assurance engagement to obtain limited assurance about whether the Sustainability Report is free from material misstatement, whether due to fraud or error, and to issue a limited assurance report that includes our conclusion. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence decisions of users taken on the basis of the Sustainability Report as a whole. As part of a limited assurance engagement in accordance with ISAE 3000 (Revised), we exercise professional judgement and maintain professional skepticism throughout the engagement. Our responsibilities in respect of the Sustainability Report, in relation to the Process, include: • Carrying out risk assessment procedures, including an understanding of the relevant internal controls, to identify risks related to whether the Process, followed by the Company and the Group to determine the information referred to in the Sustainability Report does not cover the applicable requirements of the ESRS, but not for the purpose of providing a conclusion regarding the effectiveness of the internal controls on the Process and • Designing and carrying out procedures to assess whether the Process for identifying the information referred to in the Sustainability Report is consistent with the description of the Process as disclosed in section “Impact, Risk and Opportunity Management [ESRS 2 IRO-1] and “Description of the material impacts of risks and opportunities identified in the materiality assessment" in the Report. Moreover, we are responsible for: • Performing risk assessment procedures, including an understanding of the relevant internal control mechanisms, to identify those disclosures that are likely to be materially misstated, whether due to fraud or error, but not for the purpose of providing a conclusion on the effectiveness of the Company’s and Group's internal control mechanisms. • Designing and carrying out procedures related to those disclosures of the consolidated Sustainability Report, in which a material error is likely to occur. The risk of not detecting a material misstatement arising from fraud is higher than that arising from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the circumvention of internal controls. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 196 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Scope of Work Performed Our work includes performing procedures and obtaining assurance evidence for the purpose of deriving a limited assurance conclusion and covers only the limited assurance procedures provided for in the limited assurance program issued by ELTE's decision 22.01.2025, as it was formed for the purpose of issuing a limited assurance report on the Company’s and Group's Sustainability Report. Our procedures were designed to obtain a limited level of assurance on which to base our conclusion and do not provide all of the evidence that would be required to provide a reasonable level of assurance. Athens, April 28, 2026 The Certified Public Accountant Eleftherios Koutsopoulos Registry Number SOEL 44651 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 197 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHAPTER 3 : Independent Auditor’s Report Independent Auditor’s Report To the Shareholders of “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” Report on the Audit of the Separate and Consolidated Financial Statements Opinion We have audited the accompanying separate and consolidated financial statements of “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” (the “Company”), which comprise the separate and consolidated statement of financial position as at December 31, 2025, the separate and consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, as well as the notes to the financial statements that include significant accounting policy information. In our opinion, the accompanying separate and consolidated financial statements present fairly, in all material respects, the financial position of “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” and its subsidiaries (the “Group”) as at December 31, 2025, their financial performance and cash flows for the year then ended, in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs), as incorporated into the Greek Legislation. Our responsibilities under those standards are further described in the “Auditor’s responsibilities for the audit of the separate and consolidated financial statements” section of our report. We are independent of the Company and its consolidated subsidiaries, during our entire assignment, in accordance with the International Ethics Standards Board for Accountants International Code of Ethics for Professional Accountants as incorporated in the Greek Legislation applicable to audits of financial statements of public-interest entities, and the ethical requirements relevant to the audit of the separate and consolidated financial statements in Greece and we have fulfilled our ethical responsibilities in accordance with current legislation requirements and the aforementioned Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 198 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Key audit matters Key audit matters are the matters that, in our professional judgement, were of most significance in our audit of the separate and consolidated financial statements of the current year. These matters, as well as the related risks of significant misstatement, were addressed in the context of our audit of the separate and consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matters How our audit addressed the key audit matter Inventory valuation At December 31, 2025, the Group holds inventories of value Our audit approach was based on the audit risk and amounting to € 61,77 mil. (the Company: € 28,27 mil). includes, among other things, performing the following procedures: Inventory items are measured at a lower of cost and net realizable value as referred to in the Group’s accounting • We examined the internal safeguards relating to policies. Net realizable value is the estimated selling price less the circuit for monitoring the warehouse, cost any related selling expenses. accounting, products, inventory and end-of-year inventory value measurement. The cost of finished products is determined applying the • We monitored the Monitoring of the conduct of weighted cost method and comprises raw materials, direct labour costs and indirect costs. inventory count and sample recounts in the warehouses. The Management takes appropriate care of unusable, • We performed sample confirmation of the correct obsolete and very slow-moving inventories if they exceed the calculation of the weighted average cost valuation scheduled level. Write-downs from book value to net method. realizable value and losses in inventories are expensed in the period to which the write-down or loss corresponds. • We evaluated management's estimates of real estate and slow moving inventory by sampling We considered the area of the inventory valuation to be one historical sales data. of the key audit matters, primarily, since inventories constitute the Company’s significant asset, and secondly, • We compared, through sampling , the sales prices because of the estimates required for both - measurement of with the cost of goods sold to identify the the value of inventories and calculation of the production inventory sold at a negative margin and evaluated cost. the degree of consideration given in valuing inventory at the lower of cost and net realizable The measurement of the value of inventories is based on value. management's estimates which take into account, among other things, the movement of inventories during the We assessed the adequacy of the disclosures in the financial financial year, their shelf life and the possibility of liquidation statements against the requirements of IFRS in relation to of slow-moving inventories. this matter. The Company's disclosures on the accounting policies adopted for inventory valuation are included in Notes 2.2, 3.8 and 6.7 to the financial statements. Other information Management is responsible for the other information. The other information is included in the Management Report of the Board of Directors, for which reference is made in the “Report on other Legal and Regulatory Requirements” and the Representations of the Members of the Board of Directors, but does not include the separate and consolidated financial statements and the auditor’s report thereon. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 199 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Our opinion on the separate and consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the separate and consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the separate and consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the management and those charged with governance for the separate and consolidated financial statements Management is responsible for the preparation and fair presentation of the separate and consolidated financial statements in accordance with the IFRSs as adopted by the European Union and for such internal control as management determines is necessary to enable the preparation of the separate and consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the separate and consolidated financial statements, management is responsible for assessing the Company’s and Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless there is an intention to liquidate the Company and the Group or to cease operations, or there is no realistic alternative but to do so. The Audit Committee (artic. 44 Law 4449/2017) of the Company is responsible for overseeing the Company’s and Group’s financial reporting process. Auditor’s responsibilities for the audit of the separate and consolidated financial statements Our objectives are to obtain reasonable assurance about whether the separate and consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs, as incorporated into the Greek Law, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these separate and consolidated financial statements. As part of an audit in accordance with ISAs, as incorporated into the Greek Law, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the separate and consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s and Group’s internal control. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 200 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s and Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the separate and consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company and the Group to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the separate and consolidated financial statements, including the disclosures, and whether the separate and consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Design and conduct our audit of the Group in order to obtain sufficient and appropriate audit evidence about the financial information of the entities or business units within the Group as a basis to form audit opinion on the separate and consolidated financial statements. We are responsible for the direction, supervision and review of the audit procedures performed for the Group audit purposes. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the separate and consolidated financial statements of the periods under audit and are therefore the key audit matters. Report on Other Legal and Regulatory Requirements 1.Board of Directors’ Report Taking into consideration that Management is responsible for the preparation of the Board of Directors’ Report and the Corporate Governance Statement included in this report, according to the provisions of paragraph 1, cases aa', ab' and b', of Article 154C of Law 4548/2018, which do not include the sustainability report and for which we have issued a related limited assurance report dated 28 April 2026 in accordance with International Standard on Assurance Engagements 3000 (Revised), we note the following: a. The Board of Directors’ Report includes the corporate governance statement that provides the information required by Article 152 of Law 4548/2018. b. In our opinion, the Board of Directors’ Report has been prepared in accordance with the legal requirements of articles 150 and 153 of Law 4548/2018 with the exception of the requirement to st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 201 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY submit a sustainability report under paragraph 5A of Article 150 of the same law and the content of the report is consistent with the accompanying financial statements for the year ended December 31, 2025. c. Based on the knowledge we obtained during our audit of “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” and its environment, we have not identified any material misstatements in the Board of Directors’ Report. 2.Complementary Report to the Audit Committee Our audit opinion on the accompanying separate and consolidated financial statements is consistent with the Complementary Report to the Company’s Audit Committee in accordance with Article 11 of the European Union (EU) Regulation 537/2014. 3.Provision of non-audit services We have not provided to the Company and its subsidiaries any prohibited non-audit services referred to in article 5 of Regulation (EU) 537/2014. Authorized non-audit services provided by us to the Company and its subsidiaries during the year ended as at December 31st, 2025 are disclosed in Note 6.28 to the accompanying separate and consolidated financial statements. 4.Auditor’s Appointment We were appointed for the first time as Certified Public Accountants Auditors of the Company based on the decision of the Annual General Shareholders’ Meeting dated 26/06/2020. Since then, our appointment has been continuously renewed for a total period of 6 years based on the decisions of the Annual General Shareholders’ Meetings. 5.Bylaws (Internal Regulations) The Company has Internal Regulations in accordance with the provisions of Article 14 of Law 4706/2020. 6.Assurance Report on European Single Electronic Format Subject Matter We have undertaken a reasonable assurance engagement to review the digital records of FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (hereinafter “the Company and/or the Group), prepared in accordance with the European Single Electronic Format (ESEF), which comprise the separate and consolidated financial statements of the Company and the Group for the year ended December 31, 2025, in XHTML, as well as the provided XBRL “213800SD9V875QXDRR32-2025-12-31-el” with the appropriate mark-up, on the aforementioned consolidated financial statements including other st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 202 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY explanatory information (Notes to financial statements) (hereinafter (the "Subject Matter") in order to verify that it was prepared in accordance with the requirements set out in the Applicable Criteria section. Applicable Criteria The Applicable Criteria for the European Single Electronic Format (ESEF) are prepared in accordance with the Commission Delegated Regulation (EU) 2018/815 as amended by the Commission Delegated Regulation (EU) 2020/1989 (hereinafter the ESEF Regulation) and the European Commission Interpretative Communication 2020/C379/01 of November 10, 2020, in conformance with Law 3556/2007 and the relevant announcements of the Hellenic Capital Market Commission and the Athens Stock Exchange (ESEF Regulatory Framework). In summary, this framework includes, inter alia, the following requirements: All annual financial reports shall be prepared in XHTML format. For the consolidated financial statements in accordance with IFRS, financial information included in the Statements of Comprehensive Income, Financial Position, Changes in Equity and Cash Flows, as well as the financial information included in other explanatory information shall be marked-up with XBRL (XBRL ‘tags’ and “‘block tag”’), in accordance with the effective ESEF Taxonomy. ESEF technical specifications, including the relevant taxonomy, are set out in the ESEF Regulatory Technical Standards. Responsibilities of management and those charged with governance Management is responsible for the preparation and submission of the separate and consolidated financial statements of the Company and the Group for the year ended December 31, 2025, in accordance with the Applicable Criteria, and for such internal control as management determines is necessary to enable the preparation of digital records that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibilities Our responsibility is to issue this Report in respect of the assessment of the Subject Matter, based on our assurance engagement, as described below in the section "Scope of the Engagement”. We conducted our work in accordance with the International Standard on Assurance Engagements 3000 “Assurance Engagements other than Audits or Reviews of Historical Financial Information” (hereinafter ISAE 3000”). ISAE 3000 requires that we plan and perform our work to obtain reasonable assurance to evaluate the Subject Matter in accordance with the Applicable Criteria. As part of the procedures performed, we assess the risk of material misstatement of information related to the Subject Matter. We consider that the evidence we have obtained is sufficient and appropriate and supports the conclusion reached in this assurance report. Professional ethics and quality management We are independent of the Company and the Group during our entire assignment and we have complied with the requirements of the International Ethics Standards Board for Accountants Code of Ethics for st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 203 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Professional Accountants (IESBA Code) the ethical and independence requirements of Law 4449/2017 and Regulation (EU) 537/2014. Our auditing firm applies the International Standard on Quality Management (ISQM) 1 “Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements” and accordingly, operates a comprehensive system of quality management including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. Scope of engagement The assurance procedures we performed covers, in a limited way, the items included in the BoD Resolution 214/4/11-02-2022 of the Hellenic Accounting and Auditing Standards Oversight Board (HAASOB) and the "Guidelines in relation to the work and assurance report of the Statutory Auditors on the European Single Electronic Reporting Form (ESEF) of the issuers with securities listed on a regulated market in Greece", as issued by the Institute of Certified Public Accountants of Greece (SOEL) on 14/02/2022, so as to obtain reasonable assurance that the financial statements of the Company prepared by the Management comply in all material respects with the Applicable Criteria. Inherent limitations Our work covered the items listed in the "Scope of Engagement" section to obtain reasonable assurance based on the procedures described. In this context, the work we performed could not provide absolute assurance that all matters that could be considered material weaknesses would be disclosed. Conclusion Based on the procedures performed and the evidence obtained, we express the conclusion that the separate and consolidated financial statements of the Company and the Group for the year ended December 31, 2025, in XHTML format, as well as the provided XBRL file “213800SD9V875QXDRR32-2025-12-31-el” with the appropriate mark-up on the above consolidated financial statements, including the Notes, have been prepared, in all material respects, in accordance with the Applicable Criteria. Athens, April 28, 2026 The Certified Public Accountant Eleftherios Koutsopoulos Registry Number SOEL 44651 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 204 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHAPTER 4 : Annual Financial Statements Annual Separate and Consolidated Financial Statements st As of 31 December 2025 st st (January 1 2025 – December 31 2025) According to the International Financial Reporting Standards (IFRS) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 205 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Statement of Financial Position GROUP COMPANY ASSETS Note 31/12/2025 31/12/2024 31/12/2025 31/12/2024 Non-current assets Tangible Assets 6.1 87,625 86,955 47,255 49,133 Right-of-use Assets 6.14 908 1,140 591 726 Goodwill 6.2 252 252 0 0 Intangible Assets 6.3 1,749 1,814 1,749 1,814 Investments in subsidiary companies 6.4 0 0 32,214 31,914 Investments in associate companies 6.5 9,910 8,320 2,199 2,199 Deferred Tax Receivables 6.12-6.35 13 428 0 0 Other Long-term Receivables 6.6 666 692 645 686 Total non-current assets 101,123 99,601 84,654 86,472 Current assets Inventories 6.7 61,774 54,942 28,269 25,477 Trade Receivables 6.8 21,753 24,051 46,300 43,458 Other Receivables 6.9 6,516 6,953 4,459 4,993 Cash and cash equivalents 6.10 30,043 38,416 21,314 30,889 Total current assets 120,086 124,362 100,341 104,816 Total Assets 221,209 223,963 184,995 191,288 EQUITY & LIABILITIES Share capital 6.11.1 6,450 6,409 6,450 6,409 Share premium 6.11.1 3,866 3,683 3,866 3,683 Capital Reserves 6.11.2 25,304 26,158 25,385 24,796 Retained Earnings 6.11.3 103,891 94,904 83,484 80,933 Total Shareholders' Funds corresponding to the shareholders of the Company 139,511 131,154 119,184 115,821 LIABILITIES Long-term liabilities Deferred tax liabilities 6.12 1,090 1,153 824 865 Provision for employee benefits 6.13 829 763 829 763 Long-term bank liabilities 6.15 37,295 43,055 34,138 38,829 Other long-term liabilities 6.15.1 603 2,123 150 748 Liabilities from Leases 6.14 520 628 332 405 Other provisions 6.16 596 620 238 238 Total Long-term Liabilities 40,933 48,342 36,511 41,849 Short-term liabilities Suppliers and related liabilities 6.17 28,426 31,205 21,085 23,221 Liabilities from Leases 6.14 414 541 280 346 Liabilities from income tax 6.18 3,605 4,611 1,544 3,904 Short-term bank liabilities 6.15 8,319 8,110 6,391 6,148 Total Short-term Liabilities 40,765 44,467 29,299 33,618 Total Liabilities 81,698 92,809 65,811 75,467 Total Equity & Liabilities 221,209 223,963 184,995 191,288 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 206 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Statement of Income GROUP COMPANY Continuing Operations Note 1/1- 31/12/2025 1/1- 31/12/2024 1/1- 31/12/2025 1/1- 31/12/2024 Turnover 6.19 163,768 156,593 117,973 119,085 Cost of Sales 6.20 (118,190) (117,256) (93,624) (91,310) Gross Profit 45,578 39,338 24,349 27,775 Other operating income 6.22 722 288 734 236 Administrative expenses 6.20 (8,586) (7,713) (6,282) (5,829) Research & Development Expenses 6.20 (1,689) (1,779) (1,564) (1,674) Distribution expenses 6.20 (17,146) (16,442) (7,399) (7,696) Other operating expenses 6.22 (692) (187) (152) (66) Operating Results 18,187 13,505 9,687 12,746 Financial income 6.23 652 741 652 711 Financial expenses 6.23 (1,928) (1,986) (1,649) (1,681) Other Financial Results 6.24 (2,802) 783 (2,288) 939 Proportion of associate companies' Result 6.5 1,266 1,020 0 0 Earnings before taxes 15,375 14,063 6,402 12,715 Income tax 6.25 (4,159) (3,388) (1,622) (2,941) Earnings after taxes 11,217 10,675 4,780 9,774 Allocated to : -Shareholders of the parent 11,217 10,675 4,780 9,774 Basic Earnings per share (Euro per share) 6.30 0.9516 0.9067 0.4056 0.8302 Adjusted (Diluted) Earnings per share (Euro per share) 6.30 0.9493 0.8992 0.4046 0.8233 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 207 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Statement of Comprehensive Income GROUP COMPANY Continuing Operations Note 1/1- 31/12/2025 1/1- 31/12/2024 1/1- 31/12/2025 1/1- 31/12/2024 Earnings after taxes 11,217 10,675 4,780 9,774 Other comprehensive income Amounts which may be transferred into the results in subsequent periods Foreign exchange differences from consolidation of foreign subsidiaries (1,443) 582 0 0 Amounts which will not be transferred into the results in subsequent periods Actuarial profit-(losses) in personnel benefit plan (26) (37) (26) (37) Corresponding income tax 6 8 6 8 Other comprehensive income after taxes (1,463) 553 (20) (29) Total comprehensive income after taxes 9,753 11,227 4,760 9,745 Allocated to : -Shareholders of the parent 9,753 11,227 4,760 9,745 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 208 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Consolidated Statement of Changes in Equity Allocated to the shareholders of the parent company GROUP Note Share capital Share premium Reserves FX differences from consolidation Retained earnings Total Balance as at 1/1/2024 6,409 3,683 24,037 667 86,589 121,385 Earnings after taxes 0 0 0 0 10,675 10,675 Other comprehensive income after taxes 0 0 0 582 (29) 553 Distributed dividends 0 0 0 0 (1,766) (1,766) Formation of ordinary reserves 0 0 415 0 (415) 0 Tax free reserves, Article 48, Law 4172/2013 0 0 150 0 (150) 0 Share capital increase 0 0 0 0 0 0 Exercise of stock options 0 0 0 0 0 0 Stock options 0 0 307 0 0 307 Balance as at 31/12/2024 6,409 3,683 24,909 1,249 94,904 131,154 Balance as at 1/1/2025 6,409 3,683 24,909 1,249 94,904 131,154 Earnings after taxes 0 0 0 0 11,217 11,217 Other comprehensive income after taxes 0 0 0 (1,443) (20) (1,463) Distributed dividends 6.31 0 0 0 0 (1,943) (1,943) Formation of ordinary reserves 0 0 489 0 (489) 0 Tax free reserves, Article 48, Law 4172/2013 6.11.2 0 0 150 0 (150) 0 Share capital increase 6.11.1 40 183 0 0 0 223 Exercise of stock options 6.34 0 0 (372) 0 372 0 Stock options 0 0 323 0 0 323 Balance as at 31/12/2025 6,450 3,866 25,498 (194) 103,891 139,511 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 209 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Statement of Changes in Parent Company’s Equity COMPANY Note Share capital Share premium Reserves Retained earnings Total Balance as at 1/1/2024 6,409 3,683 23,924 73,519 107,535 Earnings after taxes 0 0 0 9,774 9,774 Other comprehensive income after taxes 0 0 0 (29) (29) Distributed dividends 0 0 0 (1,766) (1,766) Formation of ordinary reserves 0 0 415 (415) 0 Tax free reserves, Article 48, Law 4172/2013 0 0 150 (150) 0 Share capital increase 0 0 0 0 0 Exercise of stock options 0 0 0 0 0 Stock options 0 0 307 0 307 Balance as at 31/12/2024 6,409 3,683 24,796 80,933 115,821 Balance as at 1/1/2025 6,409 3,683 24,796 80,933 115,821 Earnings after taxes 0 0 0 4,780 4,780 Other comprehensive income after taxes 0 0 0 (20) (20) Distributed dividends 6.31 0 0 0 (1,943) (1,943) Formation of ordinary reserves 0 0 489 (489) 0 Tax free reserves, Article 48, Law 4172/2013 6.11.2 0 0 150 (150) 0 Share capital increase 6.11.1 40 183 0 0 223 Exercise of stock options 6.34 0 0 (372) 372 0 Stock options 0 0 323 0 323 Balance as at 31/12/2025 6,450 3,866 25,385 83,484 119,184 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 210 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Statement of Cash Flows GROUP COMPANY Indirect method Note 1/1- 31/12/2025 1/1- 31/12/2024 1/1- 31/12/2025 1/1- 31/12/2024 Cash flows from operating activities Earnings before taxes 15,375 14,063 6,402 12,715 Adjustments on Earnings for: Depreciation of tangible assets 6.1 6,727 6,150 4,277 4,282 Amortization of intangible assets 6.3 275 333 275 333 Amortization of right-of-use assets 6.14 672 669 360 351 Provisions 362 501 363 395 Impairment 6.7-6.8 (101) 48 0 0 Foreign exchange differences 6.24 2,661 (222) 2,148 (378) Profit/(Loss) from the sale of tangible assets (7) (17) (0) (1) (Earnings)/Losses with regard to fair value of other financial assets via the results 140 (561) 140 (561) Interest income 6.23 (652) (741) (652) (711) Interest and related expenses 6.23 1,931 1,993 1,649 1,681 Share of results in associate companies 6.5 (1,266) (1,020) 0 0 Total adjustments on Earnings for Cash Flows 10,741 7,134 8,560 5,391 26,116 21,197 14,962 18,106 Working capital changes (Increase) / decrease of inventories (8,707) (8,731) (2,792) (4,184) (Increase) / decrease of receivables 55 220 (4,522) (10,589) Increase / (decrease) of liabilities (1,990) 1,194 (2,395) 1,891 (10,642) (7,317) (9,710) (12,883) Cash flows from operating activities 15,474 13,880 5,252 5,223 minus: Income tax paid (3,633) (3,204) (2,976) (1,754) Net cash flows from operating activities 11,841 10,676 2,276 3,469 Cash flows from investment activities Acquisition of subsidiaries, associates and other investments (314) 0 0 0 Share capital increase of subsidiary 6.4 0 0 (300) (1,500) Purchases of tangible fixed assets (10,262) (20,716) (4,075) (5,165) Purchases of intangible assets (210) (205) (210) (205) Receipts from sale of tangible and intangible assets 269 212 262 23 Interest received 6.23 502 741 502 711 Dividend receivables 6.23 150 0 150 0 Net cash flows from investment activities (9,865) (19,968) (3,671) (6,136) Cash flows from financing activities Proceeds from share capital increase 6.11.1 223 0 223 0 Receipts from issued/collected loans 6.15-6.33 1,925 28,900 1,700 28,000 Payment of loans 6.33 (7,476) (16,872) (6,148) (15,075) Interest and financial expenses paid 6.23 (1,886) (1,917) (1,622) (1,642) Dividends payable 6.31 (1,943) (1,766) (1,943) (1,766) Payments for Lease Liabilities (720) (732) (391) (379) Net Cash flows from financing activities (9,876) 7,613 (8,180) 9,138 Net increase / (decrease) in cash and cash equivalents (7,900) (1,679) (9,575) 6,471 Cash and cash equivalents at the beginning of the period 38,416 39,955 30,889 24,418 Effect from foreign exchange differences (473) 140 0 0 Cash and cash equivalents at the end of the period 30,043 38,416 21,314 30,889 The accompanying notes constitute an inseparable part of the financial statements. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 211 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 1. General Information on the Company and Group The Group operates in the sector of producing flexible plastic packaging items mainly for the food industry but also for other advanced special applications. The Company “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” (hereafter mentioned as “the Company” or “FLEXOPACK”) is specifically active in the production of flexible plastic packaging materials that broadly appeal to many sectors, the most important of which is the food packaging sector. The Company has developed advanced know-how in the production of multiple layer packing films, holding the leading position in the Greek market as the competition comes from a limited number of companies that are active abroad. The Company was initially established as a General Partnership in 1979 in Koropi Attica. In 1998 it is converted from a General Partnership to a Société Anonyme, its current form, under the corporate name “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY”, according to L. 1297/1972 and C.L. 2190/1920 (Gov. Gazette 11/5.1.1989, S.A. and L.T.D. issue). The company’s base (constitutive and administrative) is located at the Municipality of Koropi Attica, at the location Tzima (Postal Code 194 00, tel.: + 30 210 6680000) and is registered in the General Commercial Registry with GEMI number 582101000. The duration of the Company is indefinite. The Company’s building facilities are located at the Tzima position in Koropi Attica, in two self-owned plots with a total area of 29,432 sq. m. The total useful area of the building facilities amounts to 25,700 sq.m.. The Company within the year 2020 proceeded to the purchase of three land plots which are adjacent to its existing facilities in Tzima Location of the Municipality of Kropia, with a total area of 14,160 sq.m., in order to proceed in the future with the construction of an industrial building to expand its production facilities. After the above purchases, the total area of land plots of the company amount to 43,592 sq.m.. From September 1995, the Company operates and is a holder of the ISO 9001 quality assurance certificate for research, development, production, distribution and technical support of its products. The aforementioned certificate has been granted to the Company from the company Βureau Veritas. In April 2003 the Company was certified with the new hygiene standard, the British Retail Consortium (BRC). This standard – with pan European recognition – introduces very high hygiene, products security and quality demands. In August 2022, the Company was certified with the ISO 50001:2018 energy management system. By this manner, the Company aims at the adoption and implementation of the required procedures that will lead to optimal energy utilization and performance. The Company’s shares are listed and traded on the Athens Exchange from April 1996 (OASIS Code: ΦΛΕΞΟ). st The Annual Consolidated and Separate Financial Statements of 31 December 2025 and of the fiscal year ended on that date, were approved for release by a decision of the Board of Directors on 28 April 2026, while they are subject to the final approval of the Ordinary General Meeting of Shareholders of FLEXOPACK SA. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 212 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 2. Basis for the preparation of the financial statements st The consolidated and separate financial statements of FLEXOPACK PLASTICS SA of December 31 2025 covering the period from January 1st up to December 31^st2025 have been prepared in accordance with the International Financial Reporting Standards (IFRS), as such have been adopted by the European Union. Also, the financial statements have been prepared based on a) the historic cost principle apart from the Provision for personnel indemnities, derivative financial instruments and stock options where the valuation was made at fair and b) the going concern principle. The consolidated Financial statements of the Company include the Financial statements of the parent Company FLEXOPACK PLASTICS SA, as well as those of its subsidiaries mentioned in the following section 3.1.1 Group Structure and methods of companies’ consolidation. The Financial statements are expressed in thousand euro. It is noted that any differences in summations of the accompanying financial statements and analysis are due to rounding. Wherever necessary, comparative figures have been reclassified in order to reconcile with any changes in the presentation of the current fiscal year's figures. (Note 6.36) The accounting principles, based on which the accompanying financial statements have been prepared and which the Group applies systematically, are consistent with those applied in the previous financial year. 2.1 Adoption of New and Revised International Standards New Standards, Interpretations, Revisions and Amendments to existing Standards that are effective and have been adopted by the European Union The following new Standards, Interpretations and amendments of IFRSs have been issued by the International Accounting Standards Board (IASB), are adopted by the European Union, and their application is mandatory from or after 01/01/2025. Amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability” (effective for annual periods starting on or after 01/01/2025) In August 2023, the International Accounting Standards Board (IASB) issued amendments to IAS 21. The Effects of Changes in Foreign Exchange Rates that require entities to provide more useful information in their financial statements when a currency cannot be exchanged into another currency. The amendments introduce a definition of currency exchangeability and the process by which an entity should assess this exchangeability. In addition, the amendments provide guidance on how an entity should estimate a spot exchange rate in cases where a currency is not exchangeable and require additional disclosures in cases where an entity has estimated a spot exchange rate due to a lack of exchangeability. The amendments to IAS 21 are effective for accounting periods on or after 1 January 2025. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have been adopted st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 213 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY by the European Union with effective date of 01/01/2025. The amendments have no impact on the consolidated Financial Statements. New Standards, Interpretations, Revisions and Amendments to existing Standards that have not been applied yet or have not been adopted by the European Union The following new Standards, Interpretations and amendments of IFRSs have been issued by the International Accounting Standards Board (IASB), but their application has not started yet or they have not been adopted by the European Union. IFRS 9 & IFRS 7 “Amendments to the Classification and Measurement of Financial Instruments” (effective for annual periods starting on or after 01/01/2026) In May 2024, the International Accounting Standards Board (IASB) issued amendments to the Classification and Measurement of Financial Instruments which amended IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures”. Specifically, the new amendments clarify when a financial liability should be derecognized when it is settled by electronic payment. Also, the amendments provide additional guidance for assessing contractual cash flow characteristics to financial assets with features related to ESG-linked features (environmental, social, and governance). IASB amended disclosure requirements relating to investments in equity instruments designated at fair value through other comprehensive income and added disclosure requirements for financial instruments with contingent features that do not relate directly to basic lending risks and costs. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have been adopted by the European Union with effective date on 01/01/2026. Amendments to IFRS 9 and IFRS 7 “Contracts Referencing Nature-dependent Electricity” (effective for annual periods starting on or after 01/01/2026) On 18 December 2024 the International Accounting Standards Board (IASB) issued amendments to IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures” to help companies better report the financial effects of nature-dependent electricity contracts, which are often structured as power purchase agreements (PPAs). Nature-dependent electricity contracts help companies to secure their electricity supply from sources such as wind and solar power. The amount of electricity generated under these contracts can vary based on uncontrollable factors such as weather conditions. The amendments allow companies to better reflect these contracts in the financial statements, by a) clarifying the application of the ‘own-use’ requirements, b) permitting hedge accounting if these contracts are used as hedging instruments and c) adding new disclosure requirements to enable investors to understand the effect of these contracts on a company’s financial performance and cash flows. The amendments are effective for accounting periods on or after 1 January 2026, with early application permitted. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have been adopted by the European Union with effective date on 01/01/2026. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 214 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Annual Improvements to IFRS Standards-Volume 11 (effective for annual periods starting on or after 01/01/2026) In July 2024, the IASB issued the Annual Improvements to IFRS Accounting Standards-Volume 11 addressing minor amendments to the following Standards: IFRS 1 ‘First-time Adoption of International Financial Reporting Standards’, IFRS 7 ‘Financial Instruments: Disclosures’, IFRS 9 ‘Financial Instruments’, IFRS 10 ‘Consolidated Financial Statements’, and IAS 7 ‘Statement of Cash Flows’. The amendments are effective for accounting periods on or after 1 January 2026. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have been adopted by the European Union with effective date on 01/01/2026. IFRS 18 “Presentation and Disclosure in Financial Statements” (effective for annual periods starting on or after 01/01/2027) In April 2024 the International Accounting Standards Board (IASB) issued a new standard, IFRS 18, which replaces IAS 1 ‘Presentation of Financial Statements’. The objective of the Standard is to improve how information is communicated in an entity’s financial statements, particularly in the statement of profit or loss and in its notes to the financial statements. Specifically, the Standard will improve the quality of financial reporting due to a) the requirement of defined subtotals in the statement of profit or loss, b) the requirement of the disclosure about management-defined performance measures and c) the new principles for aggregation and disaggregation of information. The Group will examine the impact of the above on its Financial Statements. IFRS 19 “Subsidiaries without Public Accountability: Disclosures” (effective for annual periods starting on or after 01/01/2027) In May 2024 the International Accounting Standards Board issued a new standard, IFRS 19 “Subsidiaries without Public Accountability: Disclosures”. The new standard allows eligible entities to elect to apply IFRS 19 reduced disclosure requirements instead of the disclosure requirements set out in other IFRS. IFRS 19 works alongside other IFRS, with eligible subsidiaries applying the measurement, recognition and presentation requirements set out in other IFRS and the reduced disclosures outlined in IFRS 19. This simplifies the preparation of IFRS financial statements for the subsidiaries that are in-scope of this standard while maintaining at the same time the usefulness of those financial statements for their users. IFRS 19 is effective from annual reporting periods beginning on or after 1 January 2027, with early adoption permitted. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union. Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures (effective for annual periods starting on or after 01/01/2027) IFRS 19 Subsidiaries without Public Accountability: Disclosures was developed based on the disclosure requirements in other IFRS Accounting Standards as at 28 February 2021. At the time of its issuance, IFRS 19 did not include reduced disclosure requirements introduced or amended after that date. In August 2025, the IASB amended IFRS 19 to incorporate reduced disclosure requirements for new and amended st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 215 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY IFRS Accounting Standards issued between February 2021 and May 2024. IFRS 19 will continue to be updated when new or amended IFRS Accounting Standards are issued. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union. Amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates”: Translation into the Presentation Currency of a Hyperinflationary Economy (effective for annual periods beginning on or after 01/01/2027) In November 2025, the International Accounting Standards Board (IASB) issued amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates” to clarify how entities should translate financial statements from a non-hyperinflationary operating currency to the presentation currency of a hyperinflationary economy. Under the amendments, all financial statement amounts (assets, liabilities, equity, income and expenses, including comparative amounts) should be translated at the closing exchange rate at the date of the most recent statement of financial position. Previously, assets and liabilities were translated at the closing exchange rate, while income and expenses were translated at the exchange rates of the transaction dates. In addition, when an entity applies IAS 29 “Financial Reporting in Hyperinflationary Economies” for a foreign operation whose operating currency is not hyperinflationary, the comparative amounts for that foreign operation are restated using a general price index instead of the closing exchange rate. The amendments also introduce additional disclosure requirements, including disclosures about the application of the new translation requirements, the conditions according to which the presentation currency ceases to be hyperinflationary, and the provision of summary financial information for the affected foreign operations. The Group will consider the impact of all of the above on its Financial Statements, although none is expected. The above has not been adopted by the European Union. 2.2 Significant accounting judgments, estimations and assumptions The preparation of financial statements according to IFRS requires management to make decisions, perform estimations and use assumptions that affect the amounts presented in the financial statements, the assets, liabilities, as well as the disclosure of contingent assets and liabilities during the preparation date of the financial statements and the published income and expenses amounts for the reporting period. The actual results may differ from such estimations. Estimations and judgments by the Management are continuously evaluated and are based on empirical data and other factors, such as expectations for future events considered probable under specific conditions. Specific amounts which are included or affect the financial statements, and the relevant disclosures, must be estimated. During the estimations, assumptions must be created as regards to the values or conditions that cannot be known with certainty during the preparation period of the financial statements. An important accounting estimation is considered as one that is important for the depiction of the company’s financial position and results and demands the most difficult, subjective or complicated judgments by management, often as a result of the need to create estimations regarding the effect of assumptions which are uncertain. The Group evaluates such estimations on a constant basis, based on the results of the past and based on experience, meetings with specialists, trends and other methods that are considered st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 216 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY appropriate under the specific circumstances. The significant accounting judgments, estimations and assumptions that refer to data, the evolution of which could affect the financial statements’ accounts, are the following. Estimated impairment of the value of investments in subsidiaries and associates The Group, with the exception of goodwill which is being tested for impairment on annual basis, performs the relevant impairment audit of its investments’ value when events or conditions increase the probability of such impairment. The recovered amounts of the cash flow generating units have been estimated according to the calculations of the value in use. For the calculation of the value in use, the estimated future cash flows are discounted into present value with the use of a discount factor. The determination of the future flows is performed after in-depth analysis and estimates by the management with regard to the level of future profitability as well as the assessment of the existing conditions in the market. The basic assumptions which are being utilized are related to the following factors: Discount rate, levels of sales in the next 5-year period, gross profit margin and growth rate after the 5-year period. The above calculations require the use of estimates. Useful life of tangible fixed assets Fixed assets are being depreciated along their estimated economic life. The Management makes certain estimations regarding the useful life of depreciated fixed assets. Provisions for impairment of trade receivables The Group makes provisions for doubtful receivables in relation to certain customers when there is evidence or when there are certain elements which indicate that the cash collection with regard to a particular claim is not likely to occur. The Management of the Group proceeds with a periodical reassessment of the adequacy of the provision regarding the doubtful receivables in relation to its credit policy and according to the data of the Group’s Legal Department. These data derive from the processing of historical information and from recent developments concerning cases under examination. Estimates of expected credit losses on trade receivables The provision is based on a table that calculates the expected credit losses throughout the lifetime of the Group's receivables. This table is based on past evidence but it is adjusted to reflect expectations for the future financial conditions of customers as well as of the economic environment. At each balance sheet date, the historical rates are updated and estimates of future financial conditions are reviewed and analyzed. The correlation between historical data, future financial conditions and expected credit losses involves the performance of significant estimates. The amount of expected credit losses depends to a large extent on changes in conditions and forecasts of the future economic environment. In addition, past evidence as well as forecasts made for the future economic conditions may not lead to conclusions indicative of the actual amount of customer defaults in the future. Income taxes of tax un-audited financial years The provision for income tax requires judgment and is calculated by estimating the taxes that will be paid to st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 217 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY the tax authorities. There are many transactions and calculations which render the final determination of the tax uncertain. The Company recognizes liabilities from expected tax audits, based on estimates of whether or not additional taxes will be imposed. If the final outcome of the audit is different from the initially recognized, then the difference will affect the income tax of the period. Recovery of deferred tax receivables A deferred tax receivable is recognized for unutilized tax losses to the extent that there will be sufficient taxable earnings in future in order to be offset with these tax losses. For the determination of the amount of the deferred tax receivable which may be recognized there is the requirement of judgments and estimations that must be made by the Group’s Management. These are based on the future taxable earnings in combination with the tax policies that will be followed in the future. Obsolescence of inventories Appropriate provisions are being performed for obsolete and useless inventories whenever it is deemed appropriate and necessary. The reductions of the inventory value at the net liquidation value and the other losses from the inventories are recorded in the statement of results during the period when they appear. Issues related to climate change The Group considers issues related to climate change in its accounting estimates and assumptions. Although the Group considers that its business model and services will continue to be sustainable after the transition to a low-emission economy, climate-related issues might increase uncertainty in estimates and assumptions across various items of the financial statements (such as concerning the estimation of the economic life of non-financial assets and the impairment of tangible assets), etc. 3. Material accounting principles The accounting principles on the basis of which the attached Financial Statements have been prepared and which the Group deems material are listed below. 3.1 Consolidation Subsidiaries All companies that are managed or controlled, directly or indirectly, by another company (parent) either through the holding of majority voting rights in the undertaking or, in the case where there is no majority shareholding, through agreement of the Company with the other shareholders in the undertaking. That is to say that subsidiaries are companies in which control is exercised by the parent. Subsidiaries are consolidated completely (full consolidation) with the purchase method from the date that control over them is acquired and cease to be consolidated from the date that this control no longer exists. The acquisition cost of a subsidiary is the fair value of the assets given as consideration, the shares issued and the liabilities undertaken on the date of the acquisition plus any costs directly associated with the transaction. The acquisition cost over and above the fair value of the individual assets acquired is booked as st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 218 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY goodwill. If the total cost of the acquisition is lower than the fair value of the individual assets acquired, the difference is immediately booked directly in the results. Inter-company transactions, balances and unrealized profits from transactions between Group companies are written-off. Unrealized losses are also eliminated except if the transaction provides indication of impairment of the transferred asset. The participations in subsidiaries, are measured at acquisition cost minus any impairment losses in the Company’s financial statements. The accounting principles of subsidiaries have been adjusted when deemed necessary in order to ensure consistency with the accounting principles adopted by the Group. The preparation date of the financial statements of subsidiaries coincides with that of the parent Company. Non-controlling interests represents the percentage of profit or loss and equity that don’t correspond to the Group and are presented separately in the consolidated income statements as well as in a separate line in equity in the consolidated statement of Financial Position. Associate companies Associates are companies on which the Group can exercise significant influence but not control. The assumptions used by the group imply that a holding of between 20% and 50% of a company’s voting rights suggests significant influence on the company. In the Financial statements of the Company, investments in associates are measured at acquisition cost minus impairment losses, while in the consolidated financial statements associates are consolidated with the equity method. The Group’s share in the profit or losses of associate companies after the acquisition is recognized in the results, while the share of changes in reserves after the acquisition is recognized in reserves. When the Group’s share in the losses of an associate is equal or larger than its participation in the associate, including any other doubtful debts, the Group does not recognize any further losses, except if it has covered liabilities or made payments on behalf of the associate company. Unrealized profits from transactions between the Group and its associates are eliminated according to the percentage of the Group’s holding in the associates. The accounting principles of the associates have been amended so as to conform to those adopted by the Group. 3.1.1 Structure of the Group and consolidation method of companies The Group’s companies with the respective addresses, and percentages by which the Group participates in their share capital, as well as the respective consolidation method in the consolidated financial statements, are presented below. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 219 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Subsidiaries - Fully Consolidated (Full Consolidation Method)

Name	Domicile	Activity	% Participation 31/12/2025	% Participation 31/12/2024	Type of Participation	Relationship that dictated the consolidation	Year of Acquisition - Establishm ent
FLEXOPACK SA	Koropi - Attica	Production - Flexible plastic packaging	Parent	Parent
FLEXOPACK POLSKA Sp. Zo.o	Malbork Poland	Production - Flexible plastic packaging	100	100	Direct	The participation percentage	2007
FLEXOPACK TRADE AND SERVICES DOO BEOGRAD	Belgrade Serbia	Trading - Flexible plastic packaging	100	100	Direct	The participation percentage	2010
FLEXOPACK INTERNATIONAL LIMITED	Larnaca Cyprus	Holding company	100	100	Direct	The participation percentage	2014
FLEXOPACK PTY LTD	Brisbane Australia	Trading - Manufacturing Flexible plastic packaging	100	100	Indirect	The participation percentage	2014
FLEXOPACK ΝΖ LIMITED	Auckland New Zealand	Trading - Flexible plastic packaging	100	100	Indirect	The participation percentage	2016
FLEXOPACK TRADE AND SERVICES UK LIMITED	Norwich England	Trading - Flexible plastic packaging	100	100	Indirect	The participation percentage	2014
FLEXOPACK PROPERTIES PTY LTD	Brisbane Australia	Property portfolio	100	100	Indirect	The participation percentage	2017
FLEXOPACK FRANCE LIMITED	Lyon France	Trading - Flexible plastic packaging	100	100	Indirect	The participation percentage	2018
FLEXOPACK USA, Inc	Delaware-USA	Trading - Flexible plastic packaging	100	100	Indirect	The participation percentage	2020
FLEXOPACK IRELAND LIMITED	Dublin-Ireland	Trading - Flexible plastic packaging	100	100	Indirect	The participation percentage	2021
FLEXOPACK SPAIN SL	Madrit - Spain	Trading - Flexible plastic packaging	100	-	Indirect	The participation percentage	2025

Subsidiaries "FLEXOPACK PTY LTD", "FLEXOPACK PROPERTIES PTY LTD", "FLEXOPACK TRADE AND SERVICES UK LIMITED", "FLEXOPACK FRANCE", "FLEXOPACK USA Inc.", "FLEXOPACK IRELAND LIMITED" and "FLEXOPACK SPAIN SL" are fully controlled from the Cypriot subsidiary “FLEXOPACK INTERNATIONAL LIMITED” which is fully owned (100%) by the parent company "FLEXOPACK PLASTICS SA". Associate Companies via Equity Consolidation Method

Name	Domicile	Activity	% Participation 31/12/2025	% Participation 31/12/2024	Type of Participation	Year of Acquisition - Establishment
VLACHOU BROS SA	Koropi - Attica	Production - Flexible plastic packaging	47.71	47.71	Direct	2001
ΙΝΟVA PLASTICS & IRON SA	Thiva	Production - Rigid plastic packaging	50.00	50.00	Direct	2001
PROGRESSIVE PLASTICS LIMITED	New Zealand	Production - Flexible plastic packaging	34.00	-	Indirect	2025

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 220 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The subsidiary company "FLEXOPACK NZ LIMITED", which is fully controlled by "FLEXOPACK PTY LTD", participates in the company under the name "Progressive Plastics Limited", which is based in New Zealand and activates in the production of plastic packaging materials. 3.2 Operation and presentation currency and foreign currency translation Euro is the Group’s and Company’s presentation and operation currency. Foreign exchange transactions are translated to euro based on the exchange rates in effect at the transaction dates. At the date when the financial statements are prepared, receivables and liabilities in foreign currency are translated in order to reflect the foreign exchange rates at the balance sheet date. Profit and losses deriving from transactions in foreign currencies as well as from the valuation of foreign currency units at the end of the year are included in the income statement, with the exclusion of transactions that fulfill the conditions of cash flow hedging, which are depicted in the statement of comprehensive income. The operating currency of the foreign subsidiaries is also the official currency of the country which each company operates in. For foreign subsidiaries which do not operate in the euro area, the conversion of their financial statements will be as follows. Assets and liabilities are translated with the exchange rates in effect during the date of the statement of Financial Position. Equity is translated with the exchange rates in effect during the dates when such resulted. Income and expenses are translated with the average exchange rate during the period. The resulting foreign exchange differences from the above translation are registered in the statement of comprehensive income until the sale, write-off of a subsidiary, when such are transferred to the results for the year. 3.3 Tangible fixed assets Tangible fixed assets are reported in the financial statements at acquisition cost, less accumulated depreciations and any accumulated impairment losses. The acquisition cost includes all the directly attributable expenses for the acquisition of the assets. Subsequent expenditure is added to the carrying value of the assets or is booked as a separate asset only if it is probable that future economic benefits will flow to the Group and their cost can be accurately measured. The cost of repairs and maintenance is booked in the results when such are realized. Tangible assets under construction include fixed assets under construction and are presented at cost. Tangible assets under construction are not depreciated until the asset is completed and ready for its intended productive operation. Land is not depreciated. Depreciation of other tangible fixed assets is calculated using the straight line method over their useful lives, as follows:

• Buildings: 25-50 years

• Mechanical equipment: 8-15 years

• Vehicles: 5-10 years

• Other equipment: 3-10 years

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 221 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Upon sale of tangible fixed assets, any difference between the proceeds and the carrying value are booked as profit or loss in the results. 3.4 Goodwill Goodwill is the difference between acquisition cost and the net assets that were acquired during the acquisition date of the subsidiary company. The resulting acquisition expenses are accounted for in expenses. The Company during the acquisition date recognizes the goodwill that resulted from the acquisition, presenting such as an asset at cost. Following initial recognition, goodwill is valued at acquisition cost less the cumulative losses due to impairment. Goodwill is not amortized however it is reviewed annually for any impairment, or even more frequently if there are events that indicate loss. Impairment losses related to goodwill cannot be reversed in subsequent periods. In the case where the fair value of equity during the acquisition date of a company is larger than the price paid for its acquisition then a negative goodwill (income) is recorded directly as income in the income statement. 3.5 Intangible assets Intangible assets are presented in the financial statements at acquisition cost minus accumulated amortization and any accumulated impairment losses. Amortization is calculated with the straight line method through the duration of their useful economic life. Intangible assets comprise know-how rights, patents, cost for the development of new products and software licenses. a) Know-how rights concern the purchase of a patent right and of all the applications of the patent of the patent right group based on the “multiple layer heat-shrinkable packing film”, with all the rights and obligations stemming thereof. The initial recognition of the intangible asset has been done at cost (contractual consideration for purchase) which is reduced on an annual basis through amortization. The useful life of the intangible asset has been estimated by the Management at 20 years. It is noted that this right may become the object of a trade in the future. b) Cost for the development of patents related to various products such as multiple-layer packing film, which are exported to various countries and amortized based on their useful life as this is estimated by Management at 20 years. The initial recognition is made at acquisition cost which is reduced annually through amortization. c) Expenses related directly to research, which includes the cost of raw materials used. The cost of in-house research of products is recognized as an intangible asset. Until the completion of the research, assets are subject to impairment reviews. Amortization begins with the completion of the asset and is calculated based on the straight line method. The useful life of the above intangibles is estimated by Management at 10 years. The expenses related to research activities are recognized as expenses during the period. Expenses realized during the research phase of a new product are recognized as intangible assets if the following are met: • the technical viability of the under development product for internal use or sale may be proven. • the intangible asset will create potential future benefits from the internal use or sale. • there are adequate and available technical, economic and other resources for the completion of its development and st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 222 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY • the value of intangible asset may be reliably estimated. d) Software: Software licenses are valued at acquisition cost less amortization. Amortization is effected using the straight line method throughout the useful life of these assets which ranges from 1 to 10 years. 3.6 Impairment of Assets The Group examines at each date of the annual financial statements whether and to what extent there are indications that the value of an asset may be impaired. Apart from goodwill and intangible assets with an indefinite economic life, which are reviewed for impairment annually, the carrying values of other assets are subject to an impairment review when events or changing conditions imply that their carrying value may not be recoverable. The impairment loss of an asset is recorded as an expense in the income statement when the net book value of the asset is higher than its recoverable value. The recoverable value is defined as the highest between the fair value less the cost of sale and the value in use of the asset. Fair value less the cost of sale is the amount that can be received from the sale of an asset in the context of a bilateral agreement where both parties have full knowledge and proceed on their own will, after the deduction of any additional direct cost for the sale of the asset. Value in use is the present value of the estimated future cash flows expected to be generated as result of the asset’s constant use and sale at the end of its useful life. For the purposes of determining the impairment, assets are grouped at the lowest possible level for which separate cash flows can be determined. 3.7 Trade receivables and other receivables The trade and other receivables are initially recognized at fair value and in a later stage are valued at their net cost, after the deduction of any impairment losses. The impairment losses are recognized whenever there is objective evidence that the Group is not in position to collect the entire amounts which are due according to the contractual terms. The amount of impairment is the difference between the book value of the receivables and the present value of the estimated future cash flows. Regarding the provision for expected credit losses, the Group applies the simplified approach of IFRS 9 by measuring the loss provision at an amount equal to the expected lifetime credit losses for all trade receivables and other receivables from customer contracts. The amount of the provision is recorded as an expense in the statement of results. 3.8 Inventories Inventories include raw and auxiliary materials, packaging items, consumables, spare parts, finished and semi-finished products and merchandise as well as purchases of inventory under collection. The cost of inventories includes all the purchasing and manufacturing expenses as well as the expenses that were realized in order to render the inventory at its current position and condition. The cost of inventories does not include financial expenses. At the balance sheet date, inventories are valued at the lower of acquisition cost and net realizable value. Net realizable value is the estimated sales price during the normal course of business of the company less any relevant sales expenses. The cost of inventories is defined by the weighted average method. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 223 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY With regard to obsolete and scrap inventory, relevant provisions are formed and the corresponding losses are recorded in the statement of income during the period they arise. 3.9 Cash & cash equivalents Cash and cash equivalents include cash in the bank and in hand as well as short term time deposits. Cash & cash equivalents have negligible market risk. 3.10 Suppliers and related liabilities The trade liabilities are initially recognized at fair value and in later stage are being valued according to the net cost method via the utilization of the effective interest rate. 3.11 Financial Assets and Financial Liabilities Initial recognition and subsequent measurement of financial assets In accordance with IFRS 9, the following two items are used as the basis for the classification of financial assets. (a) the concept of an entity's business model for the management of financial assets as determined by key management personnel (in accordance with the definitions in IAS 24); and (b) the characteristics of the contractual cash flows of the financial asset. Each financial asset is classified into one of three categories: (a) at amortized cost, when it is withheld for the purpose of collecting conventional cash flows on specific dates consisting of the repayment of capital and interest. (b) at fair value through other comprehensive income, when it is withheld for the purpose of collecting conventional cash flows or for the purpose of selling it. (c) at fair value through profit or loss, provided that it does not fall into any of the above two categories. Financial assets recognized at amortized cost are subsequently measured using the effective interest method and are tested for impairment. Profits and losses are recognized in profit or loss when the asset ceases to be recognized, modified or impaired. Financial assets of the Group and the Company that are valued at amortized cost include customer receivables and other receivables. Impairment of financial assets The Group and the Company assess, at each reporting date, whether the value of a financial asset or a group of financial assets has been impaired as follows: A provision for impairment against expected credit losses for all financial assets that are not measured at fair value through profit or loss is recognized. Expected credit losses are based on the difference between all contractual cash flows payable under the contract and all cash flows that the Group or the Company expects to receive, discounted at the approximate original effective interest rate. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 224 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY For corporate receivables and other receivables, the Group and the Company apply the simplified approach for calculating the expected credit losses, i.e. at each reporting date, measure the provision for a financial instrument for an amount equal to the expected credit loss, throughout their life without monitoring the changes in credit risk. Derecognition of financial assets A financial asset (or part of a financial asset or part of a group of similar financial assets) is derecognized when: - the rights to the inflow of cash resources have expired -The Group or the Company retains the right to receive cash flows from that asset but has also undertaken to pay them to third parties in full without undue delay in the form of a transfer agreement; -The Group or the Company has transferred the right to receive cash flows from that asset while either (a) it has transferred substantially all the risks and rewards thereof or (b) has not transferred substantially all the risks and rewards , but has passed the control of that item. Initial recognition and subsequent measurement of financial liabilities Financial liabilities may be classified into two categories: (a) Financial liabilities measured at fair value through profit or loss, and (b) Financial liabilities measured at amortized cost. They are initially measured at their fair value less the cost of trade, in the case of loans and payables. Financial liabilities of the Group and the Company consist of bank loans, liabilities to suppliers and related liabilities and subsequently from initial recognition are measured at amortized cost using the effective interest method. Derecognition of financial liabilities A financial liability is derecognized when the commitment resulting from the obligation is canceled or expires. When an existing Financial Liability is replaced by another by the same Lender but under substantially different terms or the terms of an existing liability are substantially amended, such exchange or amendment is treated as a derecognition of the original liability and recognition of a new liability. The difference in the respective book values is recognized in the income statement. Offsetting of financial receivables and liabilities Financial assets and liabilities are offset and the net amount is reflected in the statement of Financial Position only when the Group or the Company legally holds that right and intends to offset them on a net basis with each other or to claim the asset and settle the obligation at the same time. The statutory right should not depend on future events and should be capable of being executed in the normal course of business and in the event of default, insolvency or bankruptcy of the company or the counterparty. 3.12 Financial Derivatives The financial derivatives are initially recorded at fair value during the transaction date and subsequently are valued at fair value. Changes in fair value are recorded in the results unless hedge accounting is applied. The fair value of financial derivatives is defined by the price of such in an active market, or by using valuation techniques in cases where there is no active market for such instruments. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 225 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Derivatives are classified as financial assets when their fair value is positive and as financial liabilities when their fair value is negative. The gains or losses resulting from changes in the fair value of derivatives are accounted for directly in the statement of results, except for the effective part of the cash flow hedging, which is recognized in the statement of other comprehensive income and then it is transferred to the results of the year when the prospective transaction is finally recognized in the statement of results. For the purposes of hedge accounting, the hedging actions are classified as follows: • Hedging of fair value, when the risk is adjusted to changes in the fair value of an asset or liability or an unrecognized corporate commitment. • Cash flow hedging when the risk of cash flow variability is adjusted in relation to a recognized asset or liability, or in relation to an extremely probable transaction. • Hedging for net investment in foreign subsidiaries. During the initial recognition of the transaction, the Group shall record in detail the relationship between the hedging and the hedged item, as well as the purpose and the risk management strategy that is served through the agreement of the hedging. The documentation includes the determination of the hedging and the hedged item or transaction, the nature of the risk that is being hedged and the way in which the company will evaluate the effectiveness of the changes at fair value of the hedging instrument for the offset of the risk due to changes in the fair value of the hedged item, meaning the cash flows relating to the hedged risk. These compensations are expected to be extremely effective in achieving offsetting changes in fair value or cash flows and are constantly being assessed to determine their effectiveness throughout the years for which they have been set. The fair value of a derivative as a hedging instrument is recorded either as a non-current asset or as a long-term liability, when the remainder of the period until maturity is greater than 12 months, or as an asset or short-term liability if the remainder of the period until maturity is less than 12 months. 3.13 Share capital The share capital depicts the nominal value of the common shares issued and outstanding. The price paid above nominal value per share is recorded in the account “Share Premium” in Equity. Direct expenses paid for the issuance of new shares or rights are recorded in equity as a deduction from the amounts of the issue. 3.14 Loans Loans are initially recognized at cost, namely at the fair value of the amount received, less any possible direct costs for the realization of the transaction. Subsequently, loans are valued at net book cost based on the effective interest rate method. The borrowing cost is recognized in the results of the period when such is realized. Borrowing cost that is directly linked to the purchase or construction of an asset, which requires a significant period in order to render such ready for use, is capitalized as part of the asset’s acquisition cost. From the beginning of the fixed asset’s production operation and after, the loan’s interest are charged in the results. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 226 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Loan liabilities are classified as short-term except for the cases where the Group has the right to postpone the payment of the liability for at least 12 months after the date of the annual financial statements. 3.15 Income tax (Current and deferred) The period’s charge for income tax consists of the current tax and the deferred taxes, i.e. the tax charges or tax credits that are associated with economic benefits accruing in the period but which have been or will be assessed by the tax authorities in different periods. The income expense stands for the sum of the currently payable tax and the deferred tax, plus any additional tax from previous years’ tax audit. The tax burden of the current year is based on the year’s taxable profit. The taxable profit differs from the net accounting profit appearing in the results since it excludes income or expenses which are taxed or which are tax deductible in other years and since also it excludes items which are never being taxed or being tax deductible. The tax is calculated according to the effective tax rates or those which have been enforced at the date of the Statement of the Financial Position. Deferred income tax is determined according to the liability method which results from the temporary differences between the book value and the tax base of assets and liabilities. Deferred tax assets and liabilities are valued based on the tax rates that are expected to be in effect during the period in which the asset or liability will be settled, taking into consideration the tax rates (and tax laws) that have been put into effect or are essentially in effect up during the date of the annual financial statements. Deferred tax assets are recognized to the extent that there will be a future tax profit to be set against the temporary difference that creates the deferred tax asset. The Group proceeds with offsetting entries between tax receivables and tax liabilities whenever there is a legally applicable right for such action as well as whenever the deferred tax receivables and tax liabilities concern taxable income imposed by the same tax authority. 3.16 Employee benefits Short-term benefits Short-term employee benefits (except post-employment benefits) monetary and in kind are recognized as an expense when they accrue. Any unpaid amount is booked as a liability, while in the case where the amount paid exceeds the amount of services rendered, the company recognizes the excess amount as an asset (prepaid expense) only to the extent that the prepayment will lead to a reduction of future payments or to reimbursement. Post-employment Benefits According to Law 2112/20, the Company pays to employees a compensation as a lump sum due to retirement or dismissal. The level of the paid indemnity depends on the years of service, the level of remuneration and whether it is due to retirement or dismissal. In Greece, the indemnity payable in the case of retirement equals with 40% of the indemnity that would be payable in case of dismissal. The relevant liability for employee indemnities recorded in the annual financial statements is the present value of the commitment for the defined benefit less the changes deriving from the non-recognized st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 227 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY actuarial profit and loss and the service cost. The commitment for the defined benefit is calculated by an independent actuarial officer with the use of the projected unit credit method. The liability is defined by taking into consideration several parameters such as age, service years, salary and specific obligations for paid benefits. The provisions corresponding to the current financial year are recorded in the statement of comprehensive income. 3.17 Provisions for contingent claims-liabilities Provisions constitute liabilities of uncertain time frame or amount. Provisions are recognized when the Group has present obligations (legal or constructive) as a result of past events, their settlement through an outflow of resources is probable and the exact amount of the obligation can be reliably estimated. Provisions are reviewed at the end of each reporting period so that they may reflect the present value of the outflow that is expected to be required for the settlement of the obligation. The provisions may differ from the possible liabilities which unlike the forecasts are not certain to be verified in the future nor can their amount be reliably measured. Contingent liabilities are not recognized in the financial statements but are disclosed, except if the probability that there will be an outflow of resources is very small. 3.18 Recognition of income Income includes the fair value of goods and services sold, net of Value Added Tax, discounts and returns. Inter-company income within the Group is eliminated completely. The new IFRS 15 establishes a five-step model to measure revenue arising from contracts with customers as follows: 1. Determination of the contract (s) with the customer. 2. Determination of implementation obligations. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations of the contract. 5. Recognition of income when the Company fulfills an obligation to execute. In accordance with IFRS 15, revenue is recognized when the customer acquires control of the goods or services by specifying the time that the control is transferred either at a given point in time or over time (usually in the provision of services). The Group will recognize revenue in a way that reflects the transfer of the goods or services to customers to the amount it expects to be entitled to in exchange for those goods or services. Revenue from the service is recognized at the level of the completion of the services provided at the date of the balance sheet of the total number of the services rendered and the demand is reliably secured. Interest income is recognized on a time proportion basis using the effective interest rate. The Group’s main revenues derive from the sale of flexible plastic packaging materials to industrial customers (mainly in the food sector) in Greece and worldwide. The sale obligation is generally satisfied at a specific point in time, when control of the products is transferred to the customer, which as a rule st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 228 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY coincides with the time of shipment or receipt of the goods in accordance with the delivery terms (Incoterms) of each contract. 3.19 Leases The Group recognizes right-of-use assets and lease liabilities for operating leases relating to the lease of means of transport, mainly passenger cars and buildings at the beginning of the lease. The assets with the right of use are registered separately in the statement of Financial Position on the line "Right-of-use fixed assets". The right of use is initially valued at the cost, which includes the amount of the initial recognition of the lease liability, any lease payments made at the beginning or before the start of the lease minus any lease incentives received, any initial direct costs and the estimation of the liability for any costs of restoring the right to use an asset. After the initial recognition, the right of use is valued at the cost of acquisition reduced by any cumulative depreciation and impairment losses and adjusted in the event of a reassessment of the lease liability. The right of use is amortized by the method of straight line amortization method until the end of the lease period, unless the contract provides for the transfer of ownership of the underlying asset to the Company at the end of the lease period. In this case, the right of use is amortized during the economic life of the underlying asset. In addition, the right of use is checked for impairment damages, if any, and is adjusted in cases where there is an adjustment of the lease liability. The lease liability at initial recognition consists of the present value of future residual rent payments. The Company uses the implied lease rate to discount future leases and, where this cannot be determined, uses the lender's differential lending rate. The differential lending interest rate of the lessee is the interest rate at which the lessee would be charged if he borrowed the necessary funds to purchase an asset of similar value to the asset with the right to use, for a similar period of time, with similar financial security and in a similar economic environment. Lease payments incorporated in the valuation of lease liability include the following: - fixed payments, - variable payments depending on an indicator or an interest rate, - amounts expected to be paid on the basis of residual value guarantees, - the price of the exercise of the purchase right that the Company considers that it will also exercise as well as penalties for termination of the lease, if the determination of the duration of the lease has taken into account the exercise of the right of termination or denouncement by the Company. After the start date of the lease period, the lease liability decreases with the payment of the lease, increases with the financial and economic expense and is measured constantly for any reassessments or modifications of the lease. A revaluation is made when there is a change in future lease payments that may result from a change in an index or if there is a change in the Company's estimate of the amount expected to be paid for a residual value guarantee, a change in the lease and a change in the estimate of the right to purchase the underlying asset, if any. When the lease liability is adjusted, a corresponding adjustment is made to the book value of the right-of-use or is recorded in the results when the book value of the right-of-use is reduced to zero. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 229 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY According to the accounting policy selected by the Group, the right to use is recognized in a distinct line in the Balance Sheet entitled "Right-of-use fixed assets" and the liability to lease is recognized in the "Lease liabilities" in the categories of Long-Term and Short-Term Liabilities respectively. The Group has selected to use the exception provided by IFRS 16 and not to recognize the right to use and the lease liability for leases not exceeding 12 months or for leases in which the underlying asset is of low value (less than 5,000 Euros when it is new). 3.20 Dividend distribution The distribution of dividends to shareholders of the parent Company is recognized as a liability in the financial statements at the date on which the distribution is authorized by the Annual General Shareholders Meeting. 3.21 Earnings per Share Basic earnings per share are calculated by dividing the year’s net earnings corresponding to the common shareholders with the weighted average number of shares outstanding during the same year. Adjusted (diluted) earnings per share are calculated by adjusting the weighted average number of common shares outstanding, with the effects of all potential securities convertible into ordinary shares. Stock options (Note 6.30) are the only category of potential securities convertible into common shares of the Company. For the purposes of calculating diluted earnings per share, the exercise of stock options is taken for granted. The existing weighted number of shares outstanding is added to the difference between the number of common shares deemed to have been issued in the exercise of the stock options and the number of common shares that would have been issued at fair value. The number of common shares that would have been issued at fair value is calculated by dividing the hypothetical receipts from the stock options by the average market price of the common shares during the reporting period. 4. Segment reporting The Group is active in the production of flexible plastic (films) packaging materials mainly aimed at the food industry. Given that the conditions for application of IFRS 8 “Operating Segments” are not met, and specifically the condition (b) and (c) of paragraph 5 of the Standard are not met, the Group’s activities are presented as one segment. The above conditions define that an operating segment constitutes part of the company: a) for which operating results are reviewed regularly by the “Chief Operating Decision Maker”, which corresponds to the parent company’s Board of Directors for the Group, in order to make decisions regarding the allocation of resources and to assess its effectiveness and b) for which separate Financial information is available. The geographical allocation of the Group’s sales and assets is presented in the following table. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 230 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

GROUP
1/1-31/12/2025	GREECE	EUROPE	OTHER COUNTRIES	Intra-Group Write-offs	TOTAL
Income from external customers	14,625	68,599	80,544	0	163,768
Total Assets	184,995	74,940	54,074	(92,800)	221,209
Purchases of Fixed Assets	2,872	3,227	2,358	0	8,456

1/1-31/12/2024	GREECE	EUROPE	OTHER COUNTRIES	Intra-Group Write-offs	TOTAL
Income from external customers	15,643	67,207	73,743	0	156,593
Total Assets	191,288	73,263	48,798	(89,387)	223,963
Purchases of Fixed Assets	5,370	4,108	12,577	0	22,054

5. Risk Management Given its strong export activities and particularly its high extrovert strategy for many years now, the Group tends to operate within an intense competitive international environment. The Group’s general activities are associated with multidimensional financial and other risks, including exchange rate risk, interest rate risk, credit and liquidity risk. The basic risk management policies that the Group applies during the performance of its business activity are timely, duly and diligently determined via the most suitable and appropriate measures taken by its Management, in collaboration with the recommendation and assistance of the Company's Audit Committee. The overall risk management plan of the Group focuses on the fluctuations of the financial markets and aims to mitigate and also minimize the potential adverse effects of these fluctuations on the financial performance and results of the Group as a whole. The Group’s financial assets and financial liabilities mainly consist of cash & cash equivalents, trade receivables, loans and other receivables, bank loans, lease liabilities as well as liabilities towards suppliers and related liabilities. The Board of Directors is responsible, and carries out the duty, for the effective and continuous monitoring of the Group’s exposure to business risks and in this context it acts with the aim of ensuring stability while at the same time facilitating the uninterrupted continuation of operations along with the further development and strengthening of the Company. The Management is responsible for the appropriate and effective implementation of the Business Risk Management System across the entire spectrum of the daily life of the Company and the Group in general. In particular, the Management is responsible for the systematic identification and proper evaluation of risks that affect business activities and in addition, oversees the formulation and timely implementation of the respective risk management plans. It regularly evaluates, along with the assistance of the audit Committee, the effectiveness and the need to adjust risk management plans in order to achieve optimal management. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 231 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Ι. The usual financial risks to which the Group is exposed are as follows: Α. Exchange rate risk The Group operates on a global level and realizes transactions in foreign currency, mainly: (a) in U.S. dollar (U.S.D.), (b) in Polish zloty (PLN), (c) in Australian dollar (AUD) and (d) in British Pound (GBP). The Group’s exposure to foreign exchange risk mainly emerges from existing or expected cash flows in foreign currency (exports-imports), as well as from investments in foreign countries under a different currency other than Euro whose equity is exposed to exchange rate risk during the translation of their financial statements for consolidation purposes. The foreign exchange risk that emanates from transactions in foreign currency according to the above is effectively hedged with the use of placements in foreign exchange futures. On 31/12/2025 the Group had forward contracts in place denominated in foreign currency (EUR/USD) (Note 6.32). The Group, in view of the developments taking place with regard to the imposition of extensive tariffs and the ongoing trade war on a global scale along with the uncertainty emerging due to the above conditions, highly affecting the foreign exchange market, constantly and systematically monitors the particular risk factor. The particular risk is considered to be existing and real, as well as capable of creating an impact on the Group's results during the fiscal year 2026. A relevant analysis is presented in the note 5A of the annual Financial Statements, with regard to the breadth of the above effect. The invoiced sales in foreign currency of the Group during the financial year 2025 represent 58.08% of total sales, while during the financial year 2024 they had accounted for 55.84%, as depicted in the table below.

Sales in Foreign Currency	2025	2024
	%	%
US Dollar (USD)	23.73	20.24
Polish Zloty (PLN)	2.42	2.79
Australian Dollar (AUD)	16.23	19.06
Great Britain Pound (GBP)	15.01	13.03
Other Currencies	0.69	0.71
Total	58.08	55.84

The following table presents the exposure of the Group to exchange rate risk on 31/12/2025 and more specifically the effect on the earnings before taxes and the equity of the Group in case of a 5% change in the exchange rates compared to the exchange rate of 31/12/2025, keeping all other variables constant. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 232 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY More specifically, the presented changes concern the exchange rates EUR/USD, EUR/PLN, EUR/AUD and EUR/GBP. Sensitivity Analysis for Foreign Exchange Changes

GROUP	Foreign Currency	Increase / (decrease) of foreign currency against €	Effect on earnings before taxes	Effect on equity
Amounts for 2025	USD	5.00%	121	641
		-5.00%	-121	-641
	PLN	5.00%	403	1,604
		-5.00%	-403	-1,604
	AUD	5.00%	1,135	947
		-5.00%	-1,135	-947
	GBP	5.00%	356	380
		-5.00%	-356	-380
Amounts for 2024	USD	5.00%	294	578
		-5.00%	-294	-578
	PLN	5.00%	470	1,565
		-5.00%	-470	-1,565
	AUD	5.00%	892	919
		-5.00%	-892	-919
	GBP	5.00%	291	303
		-5.00%	-291	-303

Β. Cash flow risk due to changes in interest rates The Group's bank debt is of long-term nature and is mainly denominated in Euro currency, linked to Euribor interest rates plus a margin. The higher interest rates has a negative impact on the Group's performance, financial results and cash flows as expected. The Group borrows at a floating interest rate and in order to hedge the respective interest rate risk, it utilizes interest rate swaps. In this context, the Group exchanges each time the difference between amounts corresponding to the agreed fixed interest rate and amounts corresponding to the Euribor related floating nominal interest rate Note 6.32). Within this framework and based on the above mentioned measures applied by the Company and broadly by the Group, the interest rate risk is currently considered relatively controllable. The Management continuously evaluates the market conditions in order to promptly take any additional and appropriate measures. Sensitivity Analysis of Group’s Loans against Changes in Interest Rates st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 233 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Interest on received bank loans

GROUP	Interest rate change	Effect on earnings before taxes	Effect on equity
Amounts for 2025	1%	-456	-356
	-1%	456	356
Amounts for 2024	1%	-512	-399
	-1%	512	399

C. Credit risk Credit risk is the possibility that a counterparty will cause financial loss to the Group and the Company, due to the non-appropriate fulfilment, the breach or even the violation of its contractual obligations. The maximum credit risk to which the Group and the Company are exposed, at the date of preparation of the annual Financial Statements, is the book value of their financial assets. At the preparation date of the present Report, the Group does not face any significant credit risk. Trade receivables stem from a wide client base, both from Greece and mainly from abroad. The Group’s turnover mainly consists of transactions with reliable, financially wealthy and creditworthy firms and companies in general, with most of which it sustains a long-term collaboration and relation of mutual trust in the majority of cases. It is worth mentioning that the Group has established and applies systematically but also timely the proper credit control procedures that aim at minimizing the cases of bad debt. The Credit Control Department defines credit limits per customer and specific sales and cash collection terms are applied, while possible security is requested when deemed necessary. To the greatest possible extent, the Group continuously and systematically monitors the performance and financial position of its customers in order to be pro- active and to evaluate the need to take specific and required measures per customer, according to the characteristics and difficulties of the market environment where each customer performs trading and business activities. No doubtful debtors exist that have not been covered by provisions for doubtful receivables. It is also noted that the particular risk, although existent mainly due to the repercussions of the ongoing international uncertainty and instability as a result of the war conflicts occurring across the globe, is considered for the time being as relatively limited and controllable according to the historic evidence and data possessed by the Group and in the context of the precautionary measures that have been taken as well as the procedures that have been established. It is noted that the potential credit risk exists in cash and cash equivalents as well. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 234 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The particular risk may arise from a possible inability of the collaborating financial institution to meet its obligations towards the Group. For this purpose, the Group applies the proper and required procedures that limit its exposure to credit risk in relation to each financial institution which the Group collaborates with. st On December 31 2025, the maturity of trade receivables was as follows:

Trade receivables	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Up to 3 months	21,037	22,966	19,868	28,408
Between 3 and 6 months	647	1,026	11,449	9,359
Between 6 months and 1 year	43	56	11,999	5,663
Over 1 year	26	3	2,984	29
Total	21,754	24,051	46,300	43,458
Non overdue and non-impaired	19,272	19,669	16,075	21,333
Overdue and non-impaired	2,481	4,382	30,225	22,125
Total	21,754	24,051	46,300	43,458

From the overdue and non-impaired receivables of the Company amounting to 30,225 thousand Euros of the above table, the amount of 29,460 thousand Euros concerned receivables of the parent company from subsidiaries. D. Liquidity risk In general, the monitoring of liquidity risk is focused on systematic monitoring and effectively managing cash inflows and outflows on a constant basis, in order for the Group to be able to smoothly and consistently meet its cash liabilities. Liquidity risk is maintained at low levels by holding and ensuring adequate cash balances, while it should also be noted that there are adequate unused credit lines with financial institutions in order to face any possible and temporary shortage in cash. Such case however, despite the especially unpredictable circumstances and conditions particularly seen in the domestic economy over the past years (such as debt crisis, health crisis and energy crisis among others), has not yet appeared. Taking into consideration, however, both the concerns regarding the aggravation of conditions in the global economy and market due to the geopolitical and economic instability that had followed as a result of the ongoing war conflicts, the significant appreciation of energy prices, raw materials and food items, the probability of this risk affecting the Group's cash position, however to a controllable and manageable extent, cannot be ruled out. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 235 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The table below summarizes the maturity dates of the financial liabilities on 31 December 2025, based on the payments arising from the relevant contracts, at undiscounted prices. Financial Liabilities

GROUP 31/12/2025	up to 6 months	6 to 12 months	2 to 5 years	> 5 years	Total
Bank Debt	4,590	3,730	31,712	5,582	45,614
Other long-term liabilities	263	113	227	0	603
Lease liabilities	207	207	520	0	934
Suppliers and related liabilities	28,426	0	0	0	28,426
Liabilities from income taxes	2,989	616	0	0	3,605
Total	36,475	4,666	32,459	5,582	79,182

GROUP 31/12/2024	up to 6 months	6 to 12 months	2 to 5 years	> 5 years	Total
Bank Debt	4,501	3,608	32,162	10,893	51,165
Other long-term liabilities	0	0	2,123	0	2,123
Lease liabilities	282	282	604	0	1,169
Suppliers and related liabilities	31,205	0	0	0	31,205
Liabilities from income taxes	585	4,026	0	0	4,611
Total	36,574	7,917	34,889	10,893	90,273

ΙΙ. Other risks to which the Group is exposed Α. Risk arising from competition of foreign and domestic firms The competition in the international market where the Group and the Company activate is becoming constantly stronger. The Group based on the fully staffed, properly and well trained, specialized and fully equipped Research and Development Department that it owns, on the implementation of its investment plan in order to further enhance production capacity, and on the long-term presence in the sector it possesses, has already managed to differentiate its products from the current competition and to present qualitative diversified solutions. The high quality standards of the Group’s produced products, the strong recognition, and especially the brand name of the Group and the Company further contribute towards this direction. At the same time, it must be noted that the high cost of "entrance" into the specific market, in terms of investments required in high-tech mechanical equipment and subsequently in research and development costs, constitutes a factor that quells to a significant extent the above risk. In view of the above parameters, the particular risk due to the stronger competition seen in the international environment, which the Company and the broader Group activates in, is being assessed as real as at the time of the preparation of this Report, and therefore it may affect to a certain extent the performance and the broader results of the Group during the current financial year 2026. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 236 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Β. Risk of reduced demand due to consumption slowdown The Group is active in an intensive and competitive global environment. Its highly specialized know-how in conjunction with the research, development and creation of new innovative products and strong infrastructure in production equipment, assist the Group to remain competitive as well as expand or achieve its further penetration in new markets. The products of the Group are used mainly in food packaging which, since food is of first need, are usually affected the least from consumption slowdown, however they may be affected subsequently by external factors that may prevail in the markets in which the Group is active. Such external factors that may harm demand for the Group’s products include the probability of illnesses in meat products, the change in food and nutrition patterns, climate changes, a slowdown of the global economy etc. Given the fact that at the time of preparation of the present financial report, there is weak consumer demand on global scale but also on the level of European Union due to the intense inflationary pressures as well as the conditions of economic pressure (tariff war, increased energy prices, rising raw material prices, increased transportation costs that are inevitably passed on to the supply chain, high interest rates, etc.), without any signs of reversal or even de-escalation, the particular risk is assessed as significant and therefore it might affect the Group's financial performance and financial results during the financial year of 2026. C. Risk related to the cost of production (a) risk of increasing raw material prices The Group is exposed to continuous price volatility of raw materials that it acquires internationally. This volatility may result from abrupt changes in oil production prices, other chemical products or other reasons. The Group based on its experience and strong know how takes all necessary and appropriate measures to ensure the adequacy of raw materials to the greatest possible extent. In order to reduce this risk, the Group’s inventory and commercial policy on per case basis is adjusted accordingly in order to diversify and transfer part of this risk, to the extent that this is possible and according to the current conditions present each time as regards to competition. Following the above, and in the view of the ongoing volatile and uncertain environment of the global economy, this risk in case of inability to substantially transfer the increase in the cost of raw material prices to the price of final products, is assessed as particularly significant and may adversely affect the Group's broader financial results during the year 2026. b) Risk of rising electricity prices. Electricity consumption is an important cost factor in relation to the Group's production activity. To address this risk and mitigate its negative consequences, the Group invests systematically in equipment with low electricity consumption. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 237 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY However, at the present time and based on the prevailing instability and volatility, the particular risk due to the constantly rising energy prices that have been observed in the last three years, especially as a consequence of the military conflicts and the subsequent disruptions in the energy market, but also due to the disruptions observed in the South East European energy market, is being assessed by the Company's Management as particularly important. In this context this type of risk might significantly affect the financial results and performance of the broader Group during the fiscal year 2026. D. Risks related to work safety Work safety for the Group’s employees is a top priority and necessary condition when attempting to operate its production facilities with normality. A plan that focuses on establishing a safety culture throughout all the Group’s activities and operations, as well as on targeting the constant training and education of the Company’s entire personnel is applied on a continuous and constant basis. Moreover, broad educational programs are applied to systematically and fully train and educate employees on workplace safety and hygiene issues. The application of such programs is continuously reviewed by the Company’s relevant Department with the assistance of specialized professionals - Security Technicians with whom the Company collaborates on a permanent basis. Ε. Environmental risks Protection of the environment and sustainable development are fundamental principles for the Group. For this reason, the Group takes strict measures in the areas where it operates, which in several cases extend further than those imposed by law. The Group invests in best available techniques for protecting the environment, it closely and systematically monitors upcoming changes in environmental law, thoroughly examines and takes appropriate measures to comply with the applicable legislative and regulatory framework, operates its production units in a completely environmentally friendly manner and it ensures to take the necessary measures in advance so as to avoid any risk of not complying with the current legislative and regulatory framework. F. Risks related to climate change Climate change is a global environmental issue with implications that significantly affect human health, working conditions and safety at work. The optimal response to the risk of climate change comprises a fundamental commitment of the Group, which in addition to its legal obligation also considers this issue as a moral obligation to contribute actively and substantially to the efforts of both the international community and our country to combat climate change-related risks. The Group recognizes both the risks associated with the phenomenon of climate change, and its obligations in relation to the need for continuous improvement of its environmental performance. The mitigation of the effects of climate change affects inevitably and determines significantly the business strategy of the Group through the adoption and implementation of measures to reduce its environmental footprint and the systematic effort to use environmentally friendly sources of energy. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 238 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group monitors and records on a systematic basis the environmental impact of its business activities and takes measures to reduce its environmental footprint. FLEXOPACK aims at the continuous reduction of carbon emissions which are mainly due to the consumption of electricity which is the main source of energy of the Company. The Group's vision is to continue to be one of the most important Greek companies with a strong international presence and with a parallel contribution to sustainable development. The desire of the Group is to enhance its long-term value through the production of technologically advanced products that meet the most demanding international standards along with quality, safety and sustainable development standards. In this context, the Group promotes and implements the familiar Sustainable Development Policy, which focuses especially on the following areas: - Demonstration of preparedness for emergencies, -application of emergency prevention, detection and management procedures, -design and construction of facilities aiming at the greatest possible energy savings, -frequent maintenance and constant renewal and upgrade of the used mechanical equipment, in order to leave a low energy footprint, -continuous information, training and awareness raising of personnel on climate change issues, -integration into the system of recycling and alternative packaging management, in order to prevent the generation of packaging waste and the reuse, recycling and effective utilization of all materials, -selection of recyclable, if possible, raw materials with the lowest possible energy footprint, -application of technologies for reduction of direct and indirect emissions of greenhouse gases from energy consumption, -monitoring of the policy followed by the Group suppliers regarding the implementation of procedures for dealing with climate change and the use of renewable energy sources along with the provision of relevant recommendations and suggestions, where necessary, -building relationships of trust with the local communities in which the Group develops its business activities; continuous care to minimize the inconveniences caused. G. Risk related to current developments in Ukraine Τhe war in Ukraine, created geopolitical instability and unsustainable repercussions on the global economy, due to the large increases in energy prices, raw materials, industrial metals and other consumer goods. It is noted that the Group has no significant business exposure to the countries involved in the war conflict and therefore no material impact (direct or indirect) exists on its business activities in relation to the above developments. The Group's sales to Russia and Ukraine in 2025 amounted to a cumulative level of 0.08% of the consolidated turnover, compared to 0.12% in the previous year 2024, and therefore there was no material corresponding impact (direct or indirect) on the Group's business activities, results, financial position and performance. At the present time, it is very uncertain and precarious for the Group to proceed with any prediction regarding the impact of the ongoing war conflict in the region of Ukraine as well as its subsequent side effects. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 239 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Η. Risk from the imposition of tariffs on products exported to the US market. The impact of the tariff policy adopted and implemented by the USA has negatively affected the Company and the Group. As a result, the latter takes actions in order to pass on a portion of the tariffs to end customers. The recent US-EU agreement provides for the imposition of a total of 15% tariffs on exports from the EU to the USA. The additional implied burden for the Group settles at 10% as Flexopack's exports to America were already subject to tariffs accounting for approximately 5%. I. Personal data security risk The sector in which the Company and the Group activate is directly linked to a significant volume of personal data (such as of employees, producers, partners, customers), which is processed (always in accordance with the provisions of the General Data Protection Regulation and the generally applicable legislative framework). Therefore and by definition, the Group is inevitably exposed to the risk of non- compliance with the General Data Protection Regulation as well as the generally applicable legislative framework. The risk in this case is based on the fact that any failure to adequately address data protection and/or privacy issues, even in cases deemed to be unfounded, or to comply with applicable laws, regulations and data protection policies may lead to additional costs and liabilities for the Company and the Group, generate a liability against the competent authorities, as well as damage the Group’s reputation and negatively affect its business activity. The Management of the Company and the Group, in order to limit the above-mentioned risk, constantly develops and applies all required policies and procedures, always in accordance with the current legislative and regulatory framework, supervises in constant collaboration with specialized consultants and its legal team the implementation of such policies, designs new security systems and infrastructures, and finally evaluates the effectiveness and compliance with the regulatory framework for personal data protection. J. Legal and Regulatory Compliance Risk The Group, in view of the strong extroversion it systematically promotes and has already developed, operates in countries with diverse legal and regulatory frameworks that are subject to constant changes. As it is self-evident from the above condition, the Group is regularly exposed to the risk of non-compliance with the applicable legal and regulatory framework on the business, labor, social and product level. In addition, it is noted that in view of the strong shift that has taken place in recent years for the environmental protection, the Group is exposed to the risk of non-compliance with its obligations arising from environmental legislation and more specifically with the terms of the environmental licenses concerning production facilities. In the event of violation of the applicable regulations, the competent authorities may impose administrative fines or sanctions, as well as revoke or refuse to renew licenses and approvals. In order to avoid risks and penalties from non-compliance or inadequate compliance with the applicable laws and regulations, the Group’s Management, in collaboration with the Director of the Regulatory Compliance Unit, ensures that the relevant individuals-executives are informed in a timely and regular manner about the obligations arising from the implementation of legislation and about the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 240 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY importance of faithful and timely compliance with the above obligations. Furthermore, the Regulatory Compliance Officer carries out relevant audits to verify compliance with the respective obligations. Κ. Risk associated with the broader macroeconomic environment The activity of the Company and the Group is reasonably affected by the dynamics of macroeconomic factors in both the domestic and international markets, which may significantly affect the financial results of the Company. In particular, global developments such as the increase in tariffs, charges and fees imposed on imported products and the consequent price increases, all kinds of monetary and fiscal policies as well as all kinds of macroeconomic factors in general (such as inflation, GDP, etc.) in an international environment may exert macroeconomic pressures on all those transacting with the Company, indirectly affecting its financial results. In any case, the Company's Management systematically and closely monitors this risk in order to be able each time to take the necessary measures and address any emerging crises or mitigate any negative impacts. L. Capital Management The Group’s objectives in relation to capital management are the smooth operation of its business activities, ensuring financing for its investment plans and the optimal allocation of capital in order to decrease the cost of capital. For the purpose of capital management, the Group monitors the following ratio: “Net debt to Total Employed Capital” Net debt is calculated as total short-term and long-term interest-bearing debt minus total cash & cash equivalents. Total employed capital is calculated as total net debt plus total equity. st For financial years ended on December 31 2025 and 2024 respectively, the above financial ratio evolved as follows.

	Group		Company
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Long-term debt obligations	37,295	43,055	34,138	38,829
Short-term bebt obligations	8,319	8,110	6,391	6,148
Total bank debt	45,614	51,165	40,529	44,977
Liabilities for Leases	934	1,169	612	751
Total Bank Debt	46,548	52,334	41,141	45,728
Minus : Cash and cash equivalents	30,043	38,416	21,314	30,889
Net Bank Debt (1)	16,505	13,918	19,827	14,839
Total Equity (2)	139,510	131,154	119,184	115,821
Total Employed Capital (1)+(2)	156,015	145,072	139,011	130,660
Net Bank Debt / Total Employed Capital	10.6%	9.6%	14.3%	11.4%

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 241 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group may affect its capital structure via the repayment of existing debt or the collection of new debt, via the share capital increase or capital return towards the shareholders, and also via the distribution or the non-distribution of dividends or through other money distributions. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 242 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6. Notes on the Financial Statements st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 243 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.1 Tangible fixed assets The Group’s tangible fixed assets are analyzed as follows.

GROUP
Tangible fixed assets	Plots	Buildings	Mechanical equipment	Vehicles, furniture and Other equipment	Assets under construction	Total
Acquisition Cost as at January 1st 2024	9,837	25,273	87,131	5,184	11,654	139,078
minus: Accumulated Depreciations	0	(9,196)	(54,712)	(3,776)	0	(67,684)
Book value as at January 1st 2024	9,837	16,077	32,419	1,408	11,654	71,394
Additions	1,996	1,135	2,183	288	16,247	21,849
FX differences of acquisition cost	(35)	60	40	(9)	(12)	45
Transfers	0	6,626	1,704	235	(8,565)	0
Sales - Reductions	0	0	(247)	(1)	0	(248)
Depreciations of the current period	0	(924)	(4,882)	(345)	0	(6,151)
FX differences of depreciations	0	(23)	27	9	0	13
Depreciations of sold, written-off goods	0	0	51	1	0	52
Acquisition Cost as at December 31st 2024	11,798	33,095	90,811	5,697	19,323	160,724
minus: Accumulated Depreciations	0	(10,142)	(59,516)	(4,111)	0	(73,769)
Book value as at December 31st 2024	11,798	22,952	31,295	1,587	19,323	86,955
Additions	86	935	2,332	868	4,026	8,246
FX differences of acquisition cost	(274)	148	(43)	(21)	(479)	(669)
Transfers	0	7,581	7,117	291	(14,989)	0
Sales - Reductions	0	0	(289)	(25)	0	(314)
Depreciations of the current period	0	(1,403)	(4,926)	(397)	0	(6,727)
FX differences of depreciations	0	(20)	82	20	0	82
Depreciations of sold, written-off goods	0	0	27	25	0	52
Acquisition Cost as at December 31st 2025	11,609	41,759	99,927	6,810	7,881	167,987
minus: Accumulated Depreciations	0	(11,566)	(64,333)	(4,463)	0	(80,362)
Book value as at December 31st 2025	11,609	30,193	35,594	2,347	7,881	87,625

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 244 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Additions to property, plant and equipment mainly arise from: a) FLEXOPACK by an amount of 2.872 million Euros that mainly concerns the purchase of mechanical equipment. b) FLEXOPACK POLSKA by an amount of 3.226 million Euros that mainly concerns the purchase of mechanical equipment. c) FLEXOPACK PTY LTD of 1.565 million Euros and mainly concern the purchase of mechanical equipment. d) FLEXOPACK PROPERTIES of 790 million Euros and mainly concern the construction of a new industrial building in Australia. The Company’s tangible fixed assets are analyzed as follows.

COMPANY
Tangible fixed assets	Plots	Buildings	Mechanical equipment	Vehicles, furniture and Other equipment	Assets under construction	Total
Acquisition Cost as at January 1st 2024	8,538	20,866	70,625	4,275	2,599	106,903
minus: Accumulated Depreciations	0	(7,399)	(48,136)	(3,095)	0	(58,630)
Book value as at January 1st 2024	8,538	13,467	22,488	1,179	2,599	48,273
Additions	8	91	1,895	195	2,975	5,165
Transfers	0	0	787	30	(817)	0
Sales - Reductions	0	0	(24)	(1)	0	(25)
Depreciations of the current period	0	(699)	(3,317)	(266)	0	(4,282)
Depreciations of sold, written-off goods	0	0	2	1	0	2
Acquisition Cost as at December 31st 2024	8,546	20,957	73,282	4,499	4,758	112,043
minus: Accumulated Depreciations	0	(8,097)	(51,451)	(3,361)	0	(62,910)
Book value as at December 31st 2024	8,546	12,860	21,831	1,138	4,758	49,133
Additions	86	70	1,176	297	1,033	2,662
Transfers	0	198	4,484	0	(4,682)	0
Sales - Reductions	0	0	(289)	(10)	0	(299)
Depreciations of the current period	0	(700)	(3,317)	(261)	0	(4,277)
Depreciations of sold, written-off goods	0	0	27	10	0	37
Acquisition Cost as at December 31st 2025	8,633	21,225	78,653	4,786	1,109	114,405
minus: Accumulated Depreciations	0	(8,797)	(54,741)	(3,612)	0	(67,150)
Book value as at December 31st 2025	8,633	12,428	23,913	1,174	1,109	47,255

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 245 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.2 Goodwill

Gross book value at December 31st 2023	252
Cumulative impairment loss	0
Net book value at December 31st 2023	252
Gross book value at December 31st 2024	252
Cumulative impairment loss	0
Net book value at December 31st 2024	252
Gross book value at December 31st 2025	252
Cumulative impairment loss	0
Net book value at December 31st 2025	252

The amount of goodwill refers to the acquisition of the Polish company FLEXOPACK POLSKA Sp. z.o.o. Impairment Review of Goodwill For purposes of reviewing goodwill for possible impairment on 31/12/2025, the aforementioned subsidiary constitutes an individual cash flow generating unit. As regards to goodwill recognized from the acquisition of FLEXOPACK POLAND Sp. z.o.o., the recoverable amount of such was calculated based on the “value in use”, discounting its future cash flows. The definition of the subsidiary’s future cash flows took place by well-founded estimations of management for the level of the subsidiary’s future profitability and by evaluating current market conditions. The basic assumptions regarding the estimation of the subsidiary’s value, are as follows: Discount rate (WACC) 9.70% Average growth of turnover in the next five years 4.20% Growth rate after five-years 1.0% According to the impairment review on 31/12/2025 no impairment losses emerged from the above goodwill. Furthermore, no losses emerge in the following cases: a) if the above discount rate (WACC) increases by 10%, with the other variables being constant. b) if the above average rate of turnover increase for the next five years is reduced by 30%, with the other variables being constant. 6.3 Intangible assets The Group’s and Company’s intangible assets are analyzed as follows: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 246 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

Intangible Assets	GROUP			COMPANY
	Software	Other intangibles	Total	Software	Other intangibles	Total
Acquisition Cost as at January 1st 2024	2,110	3,853	5,963	2,109	3,853	5,962
minus: Accumulated Amortization	(1,833)	(2,189)	(4,021)	(1,832)	(2,189)	(4,020)
Book value as at January 1st 2024	277	1,664	1,942	277	1,664	1,942
Additions	6	199	205	6	199	205
Amortization during the period	(123)	(210)	(333)	(123)	(210)	(333)
Acquisition Cost as at December 31st 2024	2,116	4,052	6,168	2,115	4,052	6,167
minus: Accumulated Amortization	(1,955)	(2,399)	(4,354)	(1,954)	(2,399)	(4,353)
Book value as at December 31st 2024	161	1,653	1,814	161	1,653	1,814
Additions	11	199	210	11	199	210
Amortization during the period	(56)	(219)	(275)	(56)	(219)	(275)
Acquisition Cost as at December 31st 2025	2,128	4,250	6,378	2,127	4,250	6,377
minus: Accumulated Amortization	(2,011)	(2,617)	(4,629)	(2,010)	(2,617)	(4,628)
Book value as at December 31st 2025	116	1,633	1,749	116	1,633	1,749

Other intangible assets include know-how use rights, costs incurred for the development of trading names and mainly costs for the establishment of patents on different applications of multiple layer packing films abroad. The additions to Other intangible assets amounting to 199 thousand Euros, concern the cost of developing trademarks and mainly costs incurred for patenting different applications of multi-layer packaging films abroad. 6.4 Participations in Subsidiaries In the parent financial statements, investments in subsidiaries are valued at acquisition cost. The movement of investments is analyzed as follows.

	COMPANY
	31/12/2025	31/12/2024
Opening balance	31,914	30,414
Share capital increase in FLEXOPACK INTERNATIONAL LIMITED	300	1,500
Closing balance	32,214	31,914

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 247 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Condensed financial information on subsidiary companies

COMPANY		31/12/2025	31/12/2024
	Country	Acquisition Cost
Direct participation
FLEXOPACK POLSKA Sp. Zo.o	Poland	13,144	13,144
FLEXOPACK TRADE AND SERVICES DOO BEOGRAD	Serbia	70	70
FLEXOPACK INTERNATIONAL LIMITED	Cyprus	19,000	18,700
		32,214	31,914
Indirect participation
FLEXOPACK PTY LTD	Australia	4,638	4,638
FLEXOPACK TRADE AND SERVICES UK LIMITED	England	200	200
FLEXOPACK ΝΖ LIMITED	New Zealand	641	641
FLEXOPACK PROPERTIES PTY LTD	Australia	1,978	1,978
FLEXOPACK FRANCE	France	1,600	1400
FLEXOPACK USA, INC.	USA	153	153
FLEXOPACK IRELAND LTD	Ireland	100	100
FLEXOPACK SPAIN	Denmark	200	0

The above subsidiary companies are fully controlled by the Cypriot subsidiary company FLEXOPACK INTERNATIONAL LIMITED which is fully owned (100%) by the parent company FLEXOPACK PLASTICS AEBE. Management performs an assessment at each reporting date to determine whether there are any indications of impairment of investments in subsidiaries, taking into account, among other factors, profitability, prospects and any adverse changes in the business or regulatory environment of each subsidiary. No events or indications were identified that would suggest that the carrying amounts of the subsidiaries may no longer be recoverable; consequently, no impairment test was performed, with the exception of the subsidiary FLEXOPACK PTY LTD, for which an impairment test was carried out as at 31 December 2025 and no impairment losses were identified. The determination of the future cash flows of FLEXOPACK PTY LTD was based on thorough management estimates regarding the level of the subsidiary’s future profitability, as well as an assessment of prevailing market conditions. The key assumptions used in estimating the value of the subsidiary are as follows: • Discount rate (WACC): 8.23% • Average revenue growth rate over the next five years: 9.4% • Terminal growth rate after the five-year period: 1.0% st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 248 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Based on the impairment test performed as at 31 December 2025, the recoverable amount of the investment in FLEXOPACK PTY LTD exceeds its carrying amount; therefore, no impairment loss was required to be recognized. Furthermore, no impairment losses would arise in the following scenarios: a) if the above discount rate (WACC) were to increase by 10%, with all other variables remaining constant; b) if the above average revenue growth rate for the next five years were to decrease by 20%, with all other variables remaining constant. 6.5 Participations in associate companies Participations of the Company in associate (related) companies are analyzed as follows.

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
INOVA SA	4,505	3,902	1,199	1,199
VLACHOS BROS S.A.	5,134	4,418	1,000	1,000
PROGRESSIVE PLASTICS LIMITED	271	0	0	0
	9,910	8,320	2,199	2,199

The movement of investments in associate companies is as follows: Condensed financial information on associate companies:

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Opening balance	8,320	7,300	2,199	2,199
Proportion in profit/loss (after taxes)	1,354	1,245	0	0
Other	96	(36)	0	0
Acquisition of 34% of Progressive Plastics
Limited by Flexopack NZ Limited	323	0	0	0
Dividends	(183)	(188)	0	0
Closing balance	9,910	8,320	2,199	2,199

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 249 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

	Domicile	Acquisition Cost	Assets	Liabilities	Income	Earnings (losses) before taxes	Earnings (losses) after taxes
YEAR 2025
INOVA SA	Greece	1,199	16,675	7,665	11,401	1,968	1,505
VLACHOS BROS S.A. PROGRESSIVE PLASTICS	Greece	1,000	28,372	17,611	27,557	1,714	1,371
LIMITED	New Zealand	323	916	313	1,521	(151)	(151)
YEAR 2024
INOVA SA	Greece	1,199	13,799	5,995	10,543	1,945	1,483
VLACHOS BROS S.A.	Greece	1,000	28,527	19,267	26,554	1,372	1,055

6.6 Other long-term receivables The Group’s and Company’s other long-term receivables are analyzed as follows:

Other Long-term Receivables	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Given Guarantees	53	48	47	48
Participation in the company CIRCULATE AB	77	77	77	77
Interest Rate SWAPS	522	561	522	561
Other Long-term Receivables	14	6	0	0
Total	666	692	645	686

6.7 Inventories The inventories of the Group and the Company are analyzed as follows:

	GROUP		COMPANY
Inventories	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Raw Materials	25,217	19,169	18,304	15,553
Consumables	338	324	176	177
Spare parts & packaging items	2,137	1,989	1,361	1,286
Products & other inventory	34,446	33,826	8,715	8,747
Total	62,138	55,308	28,555	25,763
Provisions for impairment	(365)	(366)	(286)	(286)
Total	61,774	54,942	28,269	25,477

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 250 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.8 Trade receivables The Group’s and Company’s customers and other trade receivables are analyzed as follows:

Trade receivables	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Customers (open account)	20,008	22,014	5,877	8,009
Receivables from associates	1,873	1,610	40,227	34,593
Checks Receivable	283	942	283	942
Impairment provisions	(168)	(266)	0	0
Provision for credit risk	(244)	(249)	(87)	(87)
Total	21,753	24,051	46,300	43,458

As of 31 December 2025, the maturity of trade receivables was as follows:

Trade receivables	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Up to 3 months	21,037	22,966	19,868	28,408
3 - 6 months	647	1,026	11,449	9,359
6 months - 1 year	43	56	11,999	5,663
Over 1 year	26	3	2,984	29
Total	21,754	24,051	46,300	43,458
Non overdue and non impaired	19,272	19,669	16,075	21,333
Overdue and non impaired	2,481	4,382	30,225	22,125
Total	21,754	24,051	46,300	43,458

From the overdue and non-impaired receivables of the Company amounting to 30,225 thousand Euros of the above table, the amount of 29,460 thousand Euros concerned receivables of the parent company from subsidiaries. The Group considers an “event of default” when the third party debtor is in arrears for more than ninety (90) days or is unlikely to repay its obligations to the Group due to financial difficulties. With regard to the Company’s subsidiaries, the parent Company estimates an expected credit loss for its subsidiaries, provided that the receivables coming from the subsidiaries exceed three hundred and sixty- five (365) days. Expected credit losses were calculated according to the table below while the provision remained the same with the one recorded on 31/12/2024. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 251 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

GROUP	Days of delay with regard to trade receivables
31/12/2025	Non overdue	<30 days	31-60 days	61-90 days	90-365 days	>365 days	Total
Total amount of trade receivables	19,339	2,310	200	53	69	26	21,997
Expected credit loss	76	62	8	3	21	26	195
31/12/2024
Total amount of trade receivables	19,102	3,731	227	240	56	3	23,358
Expected credit loss	103	101	9	16	17	3	249

COMPANY	Days of delay with regard to trade receivables
31/12/2025	Non overdue	<30 days	31-60 days	61-90 days	90-365 days	>365 days	Total
Total amount of trade receivables	16,133	4,863	4,183	3,272	17,925	11	46,387
Expected credit loss	26	19	3	0	4	11	64
31/12/2024
Total amount of trade receivables	20,420	8,112	3,703	2,448	7,917	2	42,603
Expected credit loss	34	45	1	4	3	2	89

6.9 Other receivables The Group’s and Company’s other receivables are analyzed as follows:

	GROUP		COMPANY
Other receivables	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Advance payment for income tax	2,210	3,606	1,327	2,368
Receivables from the Greek State for V.A.T.	1,842	853	1,365	723
Discounts on purchases under settlement	1,133	1,210	961	1,012
Deferred expenses	1,189	1,097	700	708
Income receivable for the year	10	53	10	53
Prepayments and loans to employees	72	59	69	56
Sundry Debtors	59	75	28	73
Total	6,516	6,953	4,459	4,993

6.10 Cash & cash equivalents Cash and cash equivalents refer to the Group’s and Company’s cash in hand and to short-term bank deposits and term deposits held at call with banks. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 252 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group’s and Company’s cash and cash equivalents are as follows:

	GROUP		COMPANY
Cash and cash equivalents	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Cash in hand and at banks	30,043	38,416	21,314	30,889
Total	30,043	38,416	21,314	30,889

6.11 Equity 6.11.1 Share Capital and Share Premium

	Share Capital	Share premium	Total	Number of shares	Treasury shares
31/12/2025	6,450	3,866	10,315	11,943.624	96.450
31/12/2024	6,409	3,683	10,092	11,869.224	96.450

As result of the exercise of stock options by the beneficiaries of the Stock Option Plan, which was established pursuant to the relevant decision of the Board of Directors dated 10/07/2023, following the authorization granted by the Annual Ordinary General Meeting of shareholders on 16 June 2023, the share capital of the Company increased by the amount of 40,176.00 Euros with the payment in cash and the issuance of 74,400 new common, registered shares with a nominal value of 0.54 Euros per share and an offering price of 3.00 Euros per share. The difference between the offering price of the new shares and the nominal value, of 183,024.00 Euros, was transferred to a special share premium reserve account. Following the above share capital increase, the Company's share capital currently amounts to 6,449,556.96 Euros, divided into 11,943,624 common registered shares, with a nominal value of 0.54 Euros per share. Of the above shares, 11,847,174 shares carry voting rights, since the remaining 96,450 are treasury shares, the voting rights of which are suspended in accordance with the provisions of article 50 paragraph 1 of Law 4548/2018, as in force. (Note 6.11.2) The Company's share premium reserve arose from the issuance of shares that were subscribed at a value greater than their nominal value. 6.11.2 Reserves The Group’s and Company’s reserves are analyzed as follows: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 253 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

Reserves	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Statutory reserve	5,947	5,458	5,947	5,458
Specially taxed reserves	12,196	12,196	12,196	12,196
Statutory reserve	5,137	5,137	5,137	5,137
Specially taxed reserves
Tax-exempt reserves of L. 1828/89	876	876	876	876
Tax-exempt reserves of L. 3220/2004	321	321	321	321
Tax-exempt reserves of L. 3908/2011	308	308	308	308
Tax-exempt reserves of L. 4172/2013	558	408	558	408
Reserves from specially taxed income	33	33	33	33
Other reserves	156	156	43	43
Total other reserves	2,253	2,103	2,140	1,990
Stock options	351	400	351	400
Treasury shares	-386	-386	-386	-386
Reserve from FX differences	-194	1,249	0	0
Grand total	25,304	26,158	25,385	24,796

Statutory reserve: According to Greek corporate law, companies are obliged to create 5% of the period’s earnings as an statutory reserve until such reaches one third of the paid up share capital. During the Company’s life the statutory reserve cannot be distributed. Special taxed reserves: Special taxed reserves of the Parent Company were created to cover its own participation in the context of implementing investment plans, according to the provisions of several development laws. Tax-free reserves of development law grants: They arose from the transfer of the grants received by the Company from the profit carried forward to the capital reserves. The Group’s Management does not intend to capitalize or distribute the above reserves and thus has not recognized a relevant deferred tax liability. Other reserves Other reserves include tax-exempt reserves and reserves taxed under special provision and are analyzed as follows. -Tax-exempt reserves according to L. 1828/89, L. 3220/2004 and L. 3908/2011 Such reserves have been created according to the provisions of tax law and are capitalized, with the payment of income tax. -Tax-exempt reserves or reserves taxed according to special laws st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 254 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Such reserves concern interest income that was either not taxed or on which tax has been withheld at the source. According to Greek tax law, these reserves are exempt from income tax, with the condition that they will not be distributed to shareholders. The Company does not intend to distribute the above reserves and thus it has not recognized a deferred tax liability for the income tax that will be rendered payable in case of distribution. - Special reserve article 48, Law 4172/2013 It concerns a special reserve formed from dividends received from associate companies that is exempt from income taxation based on the provisions of article 48 of Law 4172/2013. Stock options. Share distribution program in the form of stock option plan, in accordance with the provisions of article 113 of law 4548/2018. (Note 6.34) Treasury shares The Management of the Company pursuant to the decisions of the Annual Ordinary General Meeting of th th Shareholders of June 26 , 2020 and the Board of Directors of July 13 , 2020, proceeded on 22.07.2020, via an over-the-counter (OTC) transaction, with the purchase of 96,450 treasury shares with an average purchase price of 4.00 Euros per share, and a total transaction value of 385,800 Euros. After the aforementioned purchase, the Company holds as of today 96,450 treasury shares, which correspond to a percentage of 0.82% of the total shares of the Company. Reserve for foreign exchange differences: This reserve is used to register foreign exchange differences from the translation of financial statements of foreign subsidiaries. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 255 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The movement of the Group’s and Company’s reserves is as follows:

GROUP	Statutory reserve	Treasury shares	Specially taxed reserves	Other reserves	Stock options	FX differences from consolidation	Total
Balance as at December 31st 2023	5,043	(386)	17,334	1,953	94	667	24,705
Formation of statutory reserves	415	0	0	0	0	0	415
Formation of tax free reserve Law 4172/2013	0	0	0	150	0	0	150
Exercise of stock options	0	0	0	0	0	0	0
Stock options	0	0	0	0	307	0	307
FX differences due to consolidation of subsidiaries abroad	0	0	0	0	0	582	582
Balance as at December 31st 2024	5,458	(386)	17,334	2,103	400	1,249	26,158
Formation of statutory reserves	489	0	0	0	0	0	489
Formation of tax free reserve Law 4172/2013	0	0	0	150	0	0	150
Exercise of stock options	0	0	0	0	(372)	0	(372)
Stock options	0	0	0	0	323	0	323
FX differences due to consolidation of subsidiaries abroad	0	0	0	0	0	(1,443)	(1,443)
Balance as at December 31st 2025	5,947	(386)	17,334	2,253	351	(194)	25,304

COMPANY	Statutory reserve	Treasury shares	Specially taxed reserves	Other reserves	Stock options	Total
Balance as at December 31st 2023	5,043	(386)	17,334	1,840	94	23,925
Formation of statutory reserves	415	0	0	0	0	415
Formation of tax free reserve Law 4172/2013	0	0	0	150	0	150
Exercise of stock options	0	0	0	0	0	0
Stock options	0	0	0	0	307	307
Balance as at December 31st 2024	5,458	(386)	17,334	1,990	400	24,796
Formation of statutory reserves	489	0	0	0	0	489
Formation of tax free reserve Law 4172/2013	0	0	0	150	0	150
Exercise of stock options	0	0	0	0	(372)	(372)
Stock options	0	0	0	0	323	323
Balance as at December 31st 2025	5,947	(386)	17,334	2,140	351	25,385

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 256 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.11.3 Retained earnings

Retained earnings
	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Balance as at January 1st	94,904	86,589	80,933	73,519
Net Results for the period	11,217	10,675	4,780	9,774
Revaluation of earnings-(losses) from defined benefit plans	(20)	(29)	(20)	(29)
Distributed dividends	(1,943)	(1,766)	(1,943)	(1,766)
Transfers to reserves	(639)	(565)	(639)	(565)
Exercise of stock options	372	0	372	0
Balance as at December 31st	103,891	94,904	83,484	80,933

6.12 Deferred tax assets and liabilities The calculation of deferred tax assets and liabilities is conducted at the individual Group company level and to the extent where receivables and liabilities arise, such are offset between each other (at the level of each individual company). The deferred tax assets and liabilities are offset when there is an applicable legal right to offset current tax assets against current tax liabilities and when the deferred income taxes refer to the same tax authority. The Group’s and the Company’s deferred tax assets and liabilities result from the following items:

GROUP	Deferred tax liabilities/assets Statement of Financial Position		Deferred tax Income statement
	31/12/2025	31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Deferred tax assets
Provisions	0	91	(91)	28
Tax loss of subsidiaries	0	161	(161)	161
Expected credit loss (IFRS 9)	18	30	(12)	13
Other	0	0	0	(2)
Tangible assets	0	147	(147)	72
	18	428	(410)	272
Deferred tax liabilities
Tangible assets	(4)	0	(4)	0
	(4)	(0)	(4)	0
Net deferred tax liabilities	13	428
Net charge of deferred tax on the results			(415)	272
Deferred tax recognized in the results			(415)	272
Deferred tax recognized in the other comprehensive income			0	0
Total			(415)	272

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 257 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

GROUP	Deferred tax liabilities/assets Statement of Financial Position		Deferred tax Income statement
	31/12/2025	31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Deferred tax assets
Provision for staff indemnities	182	168	15	28
Provisions	155	155	(1)	11
Expected credit loss (IFRS 9)	30	30	0	5
Foreign exchange differences	193	154	39	20
Stock options	77	88	(11)	67
Other	5	7	(1)	1
	643	602	41	132
Deferred tax liabilities
Intangible assets	(113)	(105)	(8)	0
Tangible assets	(1,528)	(1,526)	(2)	(23)
Valuation of derivatives	(93)	(123)	31	(123)
	(1,734)	(1,755)	21	(146)
Net deferred tax liabilities	(1,090)	(1,153)
Net charge of deferred tax on the results			62	(15)
Deferred tax recognized in the results			56	(23)
Deferred tax recognized in the other comprehensive income			6	8
Total			62	(15)

Deferred tax assets, arising from unutilized tax losses to be offset in future years, are recognized only if it is probable that they will be offset against future taxable earnings. As of 31/12/2025, the Group did not recognize any deferred tax assets for unutilized tax losses.

COMPANY	Deferred tax liabilities/assets Statement of Financial Position		Deferred tax Income statement
	31/12/2025	31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Deferred tax assets
Provision for staff indemnities	182	168	15	28
Provisions	68	78	(10)	3
Expected credit loss (IFRS 9)	19	19	0	0
Foreign exchange differences	193	154	39	20
Stock options	77	88	(11)	67
Other	5	0	5	0
	544	507	38	117
Deferred tax liabilities
Intangible assets	(113)	(105)	(8)	0
Tangible assets	(1,162)	(1,143)	(19)	18
Valuation of derivatives	(93)	(123)	31	(123)
	(1,368)	(1,372)	4	(105)
Net deferred tax liabilities	(824)	(865)
Net charge of deferred tax on the results			42	12
Deferred tax recognized in the results			36	4
Deferred tax recognized in the other comprehensive income			6	8
Total			42	12

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 258 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.13 Provision for staff indemnities due to retirement The Group and Company recognize the liability for staff retirement indemnities as the present value of the legal commitment for the payment of staff retirement lump sum. The actuarial valuation of the liabilities has been carried out on the basis of the current legislation, as it derives from L.2112 / 1920 and L.3026 / 1954 and as they were amended by L.4093 / 2012, L.4336 / 2015 and L.4194 / 2013. The Company has not activated any special benefits program for employees other than those arising from the above legislation, which is committed to benefits in cases of retirement for all employees. The valuation of the liabilities is being performed in order to capture the following: a) The obligation of the company, when an employee has provided a service in exchange for benefits to be paid in the future and b) The expense of the financial period, when the company consumes the financial benefits arising from the service provided by an employee in exchange for the payment of benefits. Based on the current legislation (L.2112 / 1920, L.4093 / 2012, L.4336 / 2015 and L.3026 / 1954, L.4194 / 2013) the benefit received by the employees concerns exclusively and only the amount of one-time compensation and is given in case of normal retirement. The amount of the benefit depends on the years of service and the amount of the salary. In the event of exit due to retirement, the amount of compensation to be paid is equal to 40% of the pensionable salary and varies depending on the years of service of each employee. The relevant liability was calculated after an actuarial study on 31/12/2025 and was analyzed as follows: Employee benefits due to retirement from service

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Opening Balance	763	637	763	637
Charges - (credits) to results	40	89	40	89
Charges - (credits) in the statement of comprehensive income	26	37	26	37
Balance at End	829	763	829	763

The main actuarial assumptions used are the following:

	31/12/2025	31/12/2024
Discount Rate	2.78%	2.78%
Expected future salary increase	2.50%	2.50%
Inflation	2.00%	2.00%

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 259 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

	31/12/2025	31/12/2024
Changes in the balance sheet liability
Net Liability to be recorded in the balance sheet at the beginning of the year	763	637
Contributions payable by Employer	-	-
Expenditure to be entered in the income statement	172	114
Benefits paid within the current year by the Employer	(132)	(26)
Amount entered in the OCI	26	37
Personnel transportation costs	-	-
Net Liability to be recorded in the balance sheet at the end of the year	829	763
Changes in the present value of the liability
Present value of the liability at the beginning of the year	763	637
Interest expense	21	19
Current service cost	84	70
Employee contributions	-	-
Prior service cost	-	-
Cost (result) of Settlements / Curtailments / Special Cases (e.g. Consolidations, Splits, Terminations)	67	25
Benefits paid within the current year	(132)	(26)
Expenses	-	-
Actuarial (profit) loss on liability	26	37
Present value of the liability at the end of the year	829	763

Amounts recorded in the Balance Sheet and Income Statement and related analysis
	31/12/2025	31/12/2024
Balance sheet for the year
Present value of the obligation at the end of the year	829	763
Actual value of the plan's assets at the end of the year	-	-
Net Liability to be recorded in the balance sheet at the end of the year	829	763
Income Statement at the end of the year
Current service cost	84	70
Interest expense	21	19
Expected return on the plan's assets	-	-
Prior service cost	-	-
Cost (result) of Settlements / Curtailments / Special Cases (e.g. Consolidations, Splits, Terminations)	67	25
Expenditure to be entered in the income statement	172	114
Other Comprehensive Income (OCI)
Amount entered in the OCI	26	37
Actuarial (profit) loss on liability due to financial assumptions	(1)	6
Actuarial (profit) loss on liability due to demographic assumptions	0	0
Actuarial (profit) loss on liability due to evidence	27	31
Cumulative amount entered in the OCI	142	116

Sensitivity Analysis The use of a discount rate higher by 0.5% would result in the actuarial liability being lower by 2% while the exact reverse assumption, i.e. the use of a discount rate lower by 0.5% would result in the actuarial liability being higher by 2%. The corresponding sensitivity tests for the expected salary increase, i.e. the use of an expected salary increase higher by 0.5% would result in the actuarial liability being higher by 2% while the exact reverse st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 260 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY assumption, i.e. the use of an expected salary increase lower by 0.5% would result in the actuarial liability being lower by 2%. 6.14 Leases – Right of Use Assets The right of use assets of the Group and the Company are analyzed as follows:

Right-of-use assets	GROUP			COMPANY
	Buildings	Transport Means	Total	Buildings	Transport Means	Total
Balance as at 1 January 2024	488	616	1,105	218	410	628
Additions	0	705	705	0	448	448
Forex differences	(8)	4	(5)	0	0	0
Depreciation for the year	(306)	(364)	(669)	(105)	(246)	(351)
Forex differences of depreciation	4	(1)	4	0	0	0
Book value as at 31 December 2024	179	961	1,140	113	612	726

Balance as at 1 January 2025	179	961	1,140	113	612	726
Additions	110	337	447	0	226	226
Forex differences	(3)	(5)	(8)	0	0	0
Depreciation for the year	(277)	(395)	(672)	(105)	(256)	(360)
Forex differences of depreciation	1	0	1	0	0	0
Book value as at 31 December 2025	9	899	908	9	582	591

The liabilities from leases at the Group and the Company level are analyzed as follows:

Lease Liabilities	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Short-term Leasing Liabilities	413	541	280	346
Long-term Leasing Liabilities	520	628	332	405
Total Lease Liabilities	934	1,169	612	751
Leasing liabilities are payable as follows:
Within the year	445	579	299	370
Within the second year	331	351	208	238
From 3 up to 5 years	212	306	138	184
After 5 years	0	0	0	0
Less: Discounting	(55)	(67)	(33)	(41)
Total Lease Liabilities	934	1,169	612	751

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 261 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.15 Long-term and short-term loans The common bond loans of the Company as well as the long-term bank loans of its subsidiary company "FLEXOPACK POLSKA Sp. Zo.o.", are denominated in Euros except for the amount of 2.0 million which is denominated in US dollars (USD) The Group's long-term bank debt is based on floating 3-6-month Euribor rates and on fixed spreads. The Group's short-term bank debt of 859 thousand Euro is based on floating Wibor plus a spread due to borrowings denominated in the currency of Polish Zloty (PLN). The amounts of the long-term loans which are payable within a year starting from the balance sheet date are recorded as short-term liabilities, whereas the amounts payable at a later stage, are recorded as long- term ones. The Group does not possess any loans value at fair. The book values of the Group’s loans are estimated to approach their fair value and therefore the discount which would be used for the determination of the fair value is almost equivalent to the interest rates charged to the Group. Long-term and short-term liabilities from the Group’s and Company’s loans are analyzed as follows:

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Long-term debt
Common bond loans	40,529	44,977	40,529	44,977
Long-term Bank Debt	4,226	5,295	0	0
	44,755	50,272	40,529	44,977
Minus part of bond loans payable in the next period	6,390	6,148	6,390	6,148
Minus part of long-term bank debt payable in the next period	1,069	1,069	0	0
Total long-term debt	37,295	43,055	34,138	38,829
Short-term debt
Bank debt	859	853	0	0
Factoring	0	40	0	0
Short-term portion of bond loans	6,390	6,148	6,390	6,148
Short-term portion of long-term bank debt	1,069	1,069	0	0
Total short-term debt	8,319	8,110	6,390	6,148
Total debt	45,614	51,165	40,529	44,977

Maturities of long-term debt	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Up to 1 year	7,460	7,217	6,390	6,148
2 - 5 years	31,712	32,162	28,730	28,810
Over 5 years	5,583	10,893	5,408	10,019
Total	44,755	50,272	40,529	44,977
Weighted average interest rate charged on the results	3.69%	4.55%	3.66%	4.91%

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 262 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The common bond loans of the Company as well as the long-term bank loans of its subsidiary company "FLEXOPACK POLSKA Sp. Zo.o", are as follows. A. On June 9, 2022, the Company signed a Contract for the Coverage of a Common Bond Loan via a private placement, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as applicable, with a total nominal value of 9,000,000 Euros and a duration of seven (7) years. The loan was covered by the Limited Liability Banking Company under the name "ALPHA BANK SOCIETE ANONYME". "ALPHA BANK SOCIETE ANONYME" was appointed as Payment Agent and Representative of the Bondholders. The proceeds from the above Common Bond Loan were used by the Company as follows: (a) an amount of 3,214,000 Euros for the repayment/refinancing of the Company's existing loan to Alpha Bank SA and (b) an amount of 5,786,000 Euros for the financing of working capital. B. On November 24, 2022, the Company signed a Contract for the Coverage of a Common Bond Loan, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as applicable, with a total nominal value of twelve million nine hundred and thirteen thousand and two hundred and two Euros (€ 12,913,202). The above loan was covered in its entirety on November 29, 2022 as follows: (a) on the one hand, with funds from the Recovery and Resilience Fund (RRF), by the amount of eight million seventy thousand seven hundred and fifty one Euros (€ 8,070,751), and (b) on the other hand, via "Eurobank Societe Anonyme" by the amount of four million eight hundred forty two thousand and four hundred fifty one Euros (€ 4,842,451). "Eurobank Societe Anonyme" was appointed Paying Agent and Representative of the Bondholders. The proceeds from the above Common Bond Loan were utilized by the Company to cover its needs along an envisaged investment plan. The Company was the implementing body of an eligible Investment Plan amounting to sixteen million one hundred forty one thousand and five hundred and three euros (€16,141,503), which falls under the Eligible Action "Extroversion" and aims at the capacity increase of the existing production unit of flexible plastic materials (films), located in Koropi (Tzima location), County of Attiki, Greece. The duration of the loan has been set at 15 years and the interest rate of the Recovery and Resilience Fund (RRF) loan has been arranged at 2.49%, fixed for the entire duration of the loan. C. The Company, following the decision of its Board of Directors dated 24/10/2024, signed on 13/11/2024 a Contract for the Coverage of a Common Bond Loan through private placement, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as in force, with a total nominal value of twenty million Euros (€20,000,000). The loan will be covered in its entirety by "National Bank of Greece", which was also appointed Payment Agent and Representative of the Bondholders. The proceeds from the above Common Bond Loan were used by the Company as follows: (a) for the full repayment of previous Common Bond Loans amounting 10,500,000 Euros, both of which were covered by "National Bank of Greece", and (b) for an amount of 9,500,000 Euros for the Company’s capital needs in terms of long-term working capital. The latter would allow for the Company to serve its business objectives and in particular its investment plan. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 263 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY D. The Company, following the decision of its Board of Directors dated 16/12/2024, signed on 19/12/2024 a Contract for the Coverage of a Common Bond Loan through private placement, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as in force, with a total nominal value of eight million Euros (€8,000,000). The loan was covered in its entirety by "EUROBANK SA", which was also appointed Payment Agent and Representative of the Bondholders. The proceeds from the above Common Bond Loan were used by the Company as follows: (a) an amount of 892,890 Euros for the refinancing of an equal debt amount from a previous Common Bond Loan that had been covered by "EUROBANK ERGASIAS SA" and (b) for the coverage of the Company's working capital needs by an amount of 7,107,110 Euros. E. On 29/12/2025, the Company signed a Common Bond Loan Coverage Agreement, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as in effect, with a total nominal value of two million US Dollars (USD 2,000,000). The loan will be covered in its entirety by "National Bank of Greece", which was also appointed Payment Agent and Representative of the Bondholders. The proceeds from the above Common Bond Loan will be used by the Company to cover its long-term working capital needs, in order to serve its corporate objectives. The aforementioned common bond loans have been granted from the banks without any guarantee and the Company has the right to proceed with an early repayment of the above loans without any penalty or other cost. The terms of the above bond loans include the obligation to preserve specific financial ratios such as (a) Net debt to EBITDA, (b) Total debt to EBITDA, (c) Bank debt to EBITDA, (d) earnings before interest, taxes, depreciation and amortization (EBITDA) to net interest plus principal of loans, (e) total liabilities to total equity. The subsidiary company "FLEXOPACK POLSKA Sp. Zo.o" entered into a long-term loan agreement for an amount of 2.682 million Euros with a banking institution based in Poland, with the aim of repaying the existing long-term loan to another bank and repaying the short-term loan towards the Company that the subsidiary had received for the implementation of its investment plan. Also the subsidiary company "FLEXOPACK POLSKA Sp. Zo.o", in November 2022, entered into an agreement concerning a long-term loan of 5.070 million Euros with a banking institution based in Poland. The above loan was utilized by the subsidiary company in order to finance its investment plan with the aim of increasing its production capacity. The loan was gradually disbursed until the end of 2023. On 31/12/2025 the balance of the above loans accounted for 4.226 million Euros. The Company has provided a guarantee to a credit institution based in Poland in favor of its subsidiary "FLEXOPACK POLSKA Sp. Zo.o." for the amount of 6.138 million Euros, to ensure the repayment of the above loans. Their terms include the obligation to maintain certain levels regarding the following financial ratios. (a) Bank Debt to EBITDA, (b) Total equity to total assets, (c) EBITDA minus income tax to principal and interest payments. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 264 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY It is noted that there are no defaults on the Group's bond loans, including the terms/covenants of the loan agreements, in accordance with the provisions of paragraphs 18-19 of IFRS 7. 6.15.1 Other long-term liabilities

	GROUP		COMPANY
Other long-term liabilities	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Suppliers of fixed assets	603	2,123	150	748
	603	2,123	150	748

6.16 Other provisions

	GROUP	COMPANY
January 1st 2024	515	238
Additional provisions for the year	104	0
December 31st 2024	620	238
Additional provisions for the year	13	0
Non utlized provisions that have been reversed	-36	0
December 31st 2025	597	238
Analysis of provisions
Provision for other taxes	235	235
Provision for leave not utilized	308	0
Other provisions	54	4
Total	597	238
Analysis of additional provisions for the year
Provision for leave not utilized	9	0
Other provisions	-33	0
Total	-23	0

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 265 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.17 Suppliers and other liabilities The Group’s and Company’s balances for the suppliers’ and other related liabilities accounts are analyzed as follows:

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Suppliers	21,747	24,405	15,513	17,798
Liabilities to associates	892	715	2,356	2,104
Customer prepayments	233	416	147	406
Sundry creditors	101	89	59	55
Dividend payable	79	189	79	189
Payable employee remuneration	798	765	639	606
Accrued expenses	1,438	1,703	688	885
Derivative financial instruments	101	0	101	0
Purchases under settlement	276	16	276	16
Social Security Funds	805	759	591	597
Other taxes, other than income tax	1,957	2,148	636	565
Total	28,426	31,205	21,085	23,221

6.18 Liabilities from income tax

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Income Tax	3,798	3,637	1,657	2,945
Difference of income tax prepayment	(1,123)	754	(1,041)	738
Balance of income tax for previous year	930	220	928	220
	3,605	4,611	1,544	3,904

The tax for the financial year 2025 is paid in a maximum of eight (8) equal monthly instalments, the first of which is paid until the last working day of the month following the deadline for submission of the tax declaration. The remaining seven (7) instalments must also be paid by the last working day of the seven (7) following months, which cannot extend beyond the subject tax year .st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 266 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.19 Turnover The Group’s and Company’s turnover is analyzed as follows:

	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Income from sale of merchandise	21,192	18,774	15,817	16,997
Income from sale of products	138,893	133,708	96,244	97,034
Income from sale of other inventories	904	872	477	492
Income from provision of services	2,779	3,238	5,436	4,562
	163,768	156,593	117,973	119,085

6.20 Analysis of Expenses per category The analysis of the Group’s expenses per category is as follows:

GROUP	1/1-31/12/2025					1/1-31/12/2024
Expense per Category	Cost of Goods Sold	Distri- bution Expenses	R&D Expenses	Admin- istrative Expenses	Total	Cost of Goods Sold	Distri- bution Expenses	R&D Expenses	Admin- istrative Expenses	Total
Remuneration & other employee benefits	16,898	4,126	373	5,055	26,452	15,489	3,422	348	4,826	24,085
Third party fees & expenses	1,003	1,715	9	1,492	4,220	881	1,530	12	1,346	3,769
Third party benefits (energy, insurance, maintenance etc.)	12,632	1,648	44	524	14,846	11,776	1,522	35	419	13,752
Taxes - Duties	52	17	1	421	490	53	9	1	199	263
Various expenses (transport, export expenses, etc.)	2,043	9,273	330	752	12,397	2,018	9,631	330	567	12,546
Depreciations of fixed assets	6,461	103	78	84	6,727	5,935	87	67	61	6,150
Amortization of intangible assets	20	32	191	32	275	57	39	186	51	333
Amortization of rights-of-use	243	227	13	189	672	302	193	10	164	669
Provision for staff indemnity	0	4	0	36	40	0	9	0	80	89
Cost of inventories recognized as an expense	78,867	0	651	0	79,517	80,898	0	789	0	81,687
Total	118,216	17,146	1,689	8,586	145,637	117,408	16,442	1,779	7,713	143,342
Own-production of assets	(28)	0	0	0	(28)	(152)	0	0	0	(152)
Total	118,188	17,146	1,689	8,586	145,609	117,256	16,442	1,779	7,713	143,190

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 267 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The analysis of the Company’s expenses per category is as follows:

COMPANY	1/1-31/12/2025					1/1-31/12/2024
Expense per Category	Cost of Goods Sold	Distri- bution Expenses	R&D Expenses	Admin- istrative Expenses	Total	Cost of Goods Sold	Distri- bution Expenses	R&D Expenses	Admin- istrative Expenses	Total
Remuneration & other employee benefits	11,383	1,152	373	4,279	17,187	10,424	1,035	348	4,118	15,924
Third party fees & expenses	449	512	9	471	1,441	502	502	12	451	1,467
Third party benefits (energy, insurance, maintenance etc.)	9,373	330	44	400	10,147	8,762	296	35	326	9,419
Taxes - Duties	51	8	1	50	110	53	7	1	42	103
Various expenses (transport, export expenses, etc.)	1,007	5,150	329	794	7,280	1,042	5,600	330	564	7,536
Depreciations of fixed assets	4,047	77	78	75	4,277	4,087	73	67	55	4,282
Amortization of intangible assets	20	32	191	32	275	57	39	186	51	333
Amortization of rights-of-use	69	134	13	145	360	63	135	10	142	351
Provision for staff indemnity	0	4	0	36	40	0	9	0	80	89
Cost of inventories recognized as an expense	67,252	0	526	0	67,778	66,473	0	684	0	67,158
Total	93,651	7,399	1,564	6,282	108,896	91,463	7,696	1,674	5,829	106,661
Own-production of assets	(28)	0	0	0	(28)	(152)	0	0	0	(152)
Total	93,623	7,399	1,564	6,282	108,868	91,311	7,696	1,674	5,829	106,509

6.21 Employee Benefits The Group’s and Company’s employee benefits are analyzed as follows:

	GROUP		COMPANY
Employee benefits	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Wages and daily wages and benefits	18,529	16,563	10,978	9,920
Social security expenses	3,325	3,114	2,425	2,343
End of service indemnities	132	31	132	31
Other employee benefits	2,080	1,907	1,270	1,163
Stock options	94	94	94	94
Total	24,159	21,708	14,898	13,552

Employed staff as at 31/12/25: Group 589 individuals. Company 391 individuals. Employed staff as at 31/12/24: Group 563 individuals. Company 385 individuals. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 268 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY


GROUP		COMPANY
Benefits towards Management	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Remuneration of Board of Directors	2,217	2,217	2,214	2,213
Benefits in kind	241	230	241	230
Earnings distribution from year 2024	450	450	450	450
Stock options	229	212	229	212
Total	3,137	3,109	3,133	3,106
Fees and benefits of executive BoD members	2,521	2,515	2,518	2,511
Fees and benefits of non-executive BoD members	616	594	616	594
Total	3,137	3,109	3,133	3,106

6.22 Other Operating Income and Expenses The Group’s and Company’s other operating income and expenses are analyzed as follows:

	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Other operating income
Income from provision of services to affiliated companies	0	0	158	135
Income from previous years	0	6	0	6
Various indemnities	443	156	443	77
Profit from sale of fixed assets	20	23	20	1
Other income	259	103	114	17
Total	722	288	734	236
Other operating expenses
Provisions for expected credit losses	0	48	0	0
Australia factory relocation costs	469	0	0	0
Losses from sale and/or write-off of assets	19	6	19	0
Expenses from previous years	96	25	96	25
Other expenses	108	108	36	41
Total	692	187	152	66

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 269 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 6.23 Financial Income and Expenses The Group’s and Company’s financial income and expenses are analyzed as follows:

	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Financial income
Dividends receivable	150	150	150	150
Interest receivable	329	328	328	301
Income from interest rate Swaps	164	259	164	259
Other financial income	10	3	10	0
Total	652	741	652	711

Financial expenses
Interest and expenses of bank loans	1,796	1,787	1,552	1,590
Interest expenses from Leases (IFRS 16)	44	69	27	39
Other financial expenses	88	131	70	53
Total	1,928	1,987	1,649	1,681

6.24 Other Financial Results The Group’s and Company’s financial results are analyzed as follows:

	GROUP		COMPANY
Other Financial Results	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Foreign exchange differences from valuation of receivables and liabilities in foreign currency profit / (losses)	(2,658)	222	(2,145)	378
Profit / (Losses) from valuation of foreign exchange future contracts	(101)	0	(101)	0
Profit / (Losses) from risk hedging	(42)	561	(42)	561
Total	(2,802)	783	(2,288)	939

Other financial results recorded losses of 2.802 million Euros, of which 2.658 million Euros were due to exchange rate differences resulting mainly from the depreciation of the US dollar (USD) and the Australian Dollar (AUD) against the Euro. The basic foreign exchange rates as of 31/12/2025 are the following: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 270 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

Exchange rates versus Euro (currency units per 1 Euro)	31/12/2025	31/12/2024
US dollar (USD)	1.1750	1.0389
Polish zloty (PLN)	4.2210	4.2750
Australian dollar (AUD)	1.7581	1.6772
Pound sterling (GBP)	0.87260	0.82918

6.25 Income Tax The income tax for the year 2025 has been calculated according to a tax rate of 22%. The corresponding rate for the year 2024 amounted to the same level, i.e. 22%. It is noted that the effective final tax rate differs from the nominal. There are several factors influencing the effective tax rate, the most important of which is the non-tax deduction of certain expenses, the differences in depreciation rates between the useful lives of the fixed assets and the rates set in the income tax and the possibility of tax-free rebates and tax- reserves. The income tax of the Group and the Company is analyzed as follows:

Income Tax	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Income Tax	3,800	3,637	1,657	2,945
Deferred tax (Note 6.12)	358	(249)	(36)	(4)
Total income tax	4,159	3,388	1,622	2,941

Following, an analysis and reconciliation of the nominal and effective tax rate is presented. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 271 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Earnings before taxes (IFRS)	15,375	14,063	6,402	12,715
Tax Rate of Company	22%	22%	22%	22%
Income tax based on effective tax rate	3,383	3,094	1,408	2,797
Tax corresponding to:
Tax free income	(33)	(33)	(33)	(33)
Subsidiaries' loss for which no deferred tax was recognized	1,008	195	0	0
Write-off of previously recognized tax receivable	351	0	0	0
Proportion of Results by associate companies	(279)	(224)	0	0
Non deductible expenses	324	175	246	176
Results of subsidiaries taxed with a different tax rate	73	(17)	0	0
Elimination of intra-company profit	(359)	439	0	0
Tax exemption	(351)	(240)	0	0
Other taxes and tax differences from previous years	41	0	0	0
Tax expense in the income statement	4,159	3,388	1,622	2,941
Weighted tax rate	27.05%	24.09%	25.33%	23.13%

6.26 Contingent Receivables - Liabilities Contingent liabilities are not recognized in the financial statements but are disclosed, unless the probability of outflow of resources that incorporate financial benefits is minimal. 6.26.1 Information regarding assumed liabilities

Contingent Liabilities	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024
Letters of bank guarantees for the account of subsidiaries	4,617	6,203	4,617	6,203
Letters of guarantees to local authorities for the account of subsidiaries	1,607	1,760	1,607	1,760
	6,223	7,963	6,223	7,963

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 272 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY There are no litigious claims or differences under dispute of the Company or its subsidiaries as well as decisions by courts or arbitration bodies that could have a significant impact on the Company’s and Group’s financial position or operation. 6.26.2 Tax un-audited financial years

FLEXOPACK S.A.	2020-2025
FLEXOPACK POLSKA Sp. Zo.o	2020-2025
FLEXOPACK TRADE AND SERVICES DOO BEOGRAD	2020-2025
FLEXOPACK INTERNATIONAL LIMITED-CYPRUS	2020-2025
FLEXOPACK PTY LTD	2020-2025
FLEXOPACK PROPERTIES PTY LTD	2020-2025
FLEXOPACK ΝΖ LIMITED	2020-2025
FLEXOPACK TRADE AND SERVICES UK LIMITED	2020-2025
FLEXOPACK FRANCE	2020-2025
FLEXOPACK USA, INC.	2020-2025
FLEXOPACK IRELAND	2021-2025
FLEXOPACK SPAIN	2025-2025
INOVA S.A.	2020-2025
VLACHOS BROS S.A.	2020-2025

The right of the Greek State to impose any tax with regard to the fiscal years up to 2019 including, has been waived until 31/12/2025, with the exception of special or extraordinary provisions which may provide for a longer waiving period and under the respective conditions which these provisions stipulate. Tax compliance report With the article 82 §5 of Law 2238/94, beginning from year 2011, and in a later stage with the article 65A of Law 4174/2013, effective from year 2014, the Certified Auditors and the auditing firms performing mandatory audits in societe anonyme companies are obliged to issue a Tax Compliance Report with regard to the application of tax provisions in tax objects. The particular report is submitted to the audited company and via electronic means to the Ministry of Finance. For the years 2011 – 2024, the Company as well as the associate companies INOVA S.A. PLASTICS AND IRON and VLACHOU BROS S.A. received a relevant Report, without any reservation with regard to the tax objects which were audited. With the article 56 of Law 4410/3.8.2016 for the years from 1.1.2016, the issuance of a Tax Compliance Report is no longer mandatory (only optional). The Company's tax obligations for the tax years beginning from 2020 and up to 2025 have not become final and irrevocable, since no tax audit has been carried out. For the fiscal year 2025, the Company and its associate companies have been placed under the above mentioned tax audit of the Certified Auditors Accountants and from the relevant Tax Compliance Report st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 273 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY which is expected to be granted, it is anticipated that no additional as well as material tax burdens will emerge. According to the Ministerial Decision (POL) 1006/05.01.2016, the companies for which a tax certificate “without reservation” has been issued, are not being excluded from the obligation concerning an ordinary tax audit from the pertinent tax authorities. As a result, the tax authorities may proceed with their own tax audit and impose any penalties and additional taxes. 6.26.3 Information regarding contingent receivables There are no contingent receivables that are of significance to report in the Company’s and Group’s financial statements. 6.27 Current liens There are no encumbrances on the fixed assets of the parent company. On the fixed assets of the Group there is a lien written for a banking institution based in Poland amounting to 10.605 million Euros on the production facilities of the subsidiary company "FLEXOPACK POLSKA Sp. Zo.o", which has been registered as collateral for the repayment of long-term loans granted to this subsidiary. 6.28 Auditors’ fees The total fees of the legal auditors of the Company and the Group are the following:

	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Audit Fees	265	210	102	51
	265	210	102	51

The permitted non-audit services provided to the Company and its subsidiaries during the period under consideration amounted to 1,750 Euro. 6.29 Transactions with related parties The company’s transactions with related parties, according to IAS 24, are as follows. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 274 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

1/1/-31/12/2025
COMPANY	Sales of goods and services	Purchases of goods and services	Receivables	Liabilities
Subsidiaries
FLEXOPACK POLSKA Sp. Zo.o	7,880	6,918	6,127	1,355
FLEXOPACK TRADE AND SERVICES DOO BEOGRAD	249	0	66	0
FLEXOPACK PTY LTD- AUSTRALIA	18,852	0	21,757	0
FLEXOPACK TRADE AND SERVICES UK LIMITED	14,422	0	6,118	0
FLEXOPACK IRELAND	850	0	581	0
FLEXOPACK SPAIN	0	0	0	0
FLEXOPACK FRANCE	1,639	0	106	0
FLEXOPACK USA	21,177	0	3,356	0
FLEXOPACK ΝΖ LIMITED	446	0	243	0
	65,516	6,918	38,354	1,355
Related/Associate Companies
ΙΝΟVA SA	171	260	16	148
VLAHOU BROS SA	4,363	2,052	1,857	853
OTHER RELATED PARTIES	0	217	0	0
	4,534	2,529	1,873	1,000
Grand Total	70,051	9,448	40,227	2,356

Benefits towards management and executives

	1/1/- 31/12/2025	1/1/- 31/12/2024
Transactions and fees of senior executives and members of the management	4,021	4,041
Receivables from senior executives and management	26	28
Liabilities towards senior executives and management	112	122

Notes: It is also noted: 1. No other transactions related to the Company parties exist according to the provisions of the International Accounting Standard 24 apart from the above mentioned. 2. No loans or any other credit facilitations, except for current transactions, have been granted to the Board members or other senior executives of the Company and their families. 3. It is specifically noted for purposes of completeness that with regard to the natural persons - members of the Board of Directors and executives of the Company, the above remuneration includes also fees granted of 450 thousand Euros from the profit of the financial year 2024 paid to the members of the Board of Directors (excluding the independent non-executive members) st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 275 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY 4. There were no changes in the transactions between the Company and its related parties that could have a material impact on the Company's financial position and performance for the period 1/1/2025- 31/12/2025. 5. The Company has provided a guarantee to a credit institution based in Poland in favor of its subsidiary company "FLEXOPACK POLSKA Sp. Zo.o" amounting to 4.617 million Euros to ensure the repayment of loans that have been granted to the subsidiary company. 6. The Company has provided a guarantee for good execution to Lebanon County, Pennsylvania, USA, in favor of its subsidiary, “FLEXOPACK USA INC.” which is based in the United States, for the amount of 1,882,904 US Dollars (USD). 7. The subsidiary company “FLEXOPACK INTERNATIONAL LIMITED” has granted 2 loans with duration of 20 years and for a total amount of sixteen million (16,000,000) Australian Dollars (AUD) to its subsidiary “FLEXOPACK PROPERTIES PTY LTD” based in Brisbane, Australia, in order for the latter to proceed with this financing in the construction of a new industrial building in Australia. The construction of the new industrial building in Yatala area of Queensland, Australia was completed in early 2025 and "FLEXOPACK PROPERTIES PTY LTD" proceeded with a ten-year lease of the building toward the company "FLEXOPACK PTY LTD". 8. The transactions described above have been carried out under normal market conditions and do not contain any exceptional, favorable or special features, which would make necessary additional analysis per related party. 9. There is no separate transaction that is assessed as significant, within the meaning of Circular number 45/2011 of the Hellenic Capital Market Commission. 10. The Company's transactions and outstanding balances with subsidiaries have been eliminated from the consolidated financial statements. The company's transactions with related parties within the framework of IAS 24 in the previous year 2024 are as follows. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 276 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

1/1/-31/12/2024
COMPANY	Sales of goods and services	Purchases of goods and services	Receivables	Liabilities
Subsidiaries
FLEXOPACK POLSKA Sp. Zo.o	7,228	8,489	5,982	1,389
FLEXOPACK TRADE AND SERVICES DOO BEOGRAD	335	0	104	0
FLEXOPACK PTY LTD- AUSTRALIA	22,249	2	13,969	0
FLEXOPACK TRADE AND SERVICES UK LIMITED	14,150	0	5,689	0
FLEXOPACK IRELAND	749	0	445	0
	0	0	0	0
FLEXOPACK FRANCE	1,552	0	171	0
FLEXOPACK USA	17,258	0	6,560	0
FLEXOPACK ΝΖ LIMITED	266	0	63	0
	63,787	8,492	32,983	1,389
Related/Associate Companies
ΙΝΟVA SA	167	1	6	0
VLAHOU BROS SA	4,049	1,216	1,604	700
OTHER RELATED PARTIES	0	272	0	15
	4,215	1,490	1,610	715
Grand Total	68,002	9,981	34,593	2,104

Benefits towards management and executives

	1/1/- 31/12/2024	1/1/- 31/12/2023
Transactions and fees of senior executives and members of the management	4,041	3,669
Receivables from senior executives and management	28	0
Liabilities towards senior executives and management	122	124

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 277 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Company's transactions with related parties

	GROUP		COMPANY
	1/1/- 31/12/2025	1/1/- 31/12/2024	1/1/- 31/12/2025	1/1/- 31/12/2024
Sales of goods and services
To subsidiaries	0	0	65,516	63,787
To associates	4,384	4,065	4,384	4,065
	4,384	4,065	69,901	67,852
Purchases of goods and services
From subsidiaries	0	0	6,918	8,492
From associates	2,312	1,217	2,312	1,217
From other related parties	217	272	217	272
	2,529	1,490	9,448	9,981
Receivables
From subsidiaries	0	0	38,354	32,983
From associates	1,873	1,610	1,873	1,610
	1,873	1,610	40,227	34,593
Liabilities
To subsidiaries	0	0	1,355	1,389
To associates	1,000	700	1,000	700
To other related parties	0	15	0	15
	1,000	715	2,356	2,104
Income from dividends
From subsidiaries	0	0	0	0
From associates	150	150	150	150
	150	150	150	150

6.30 Earnings per share Earnings per share are analyzed as follows:

Earnings per share	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Earnings after taxes corresponding to shareholders of the parent (1)	11,217	10,675	4,780	9,774
Weighted number of shares outstanding (2)	11,786.635	11,772.774	11,786.635	11,772.774
Basic earnings per share (Euro per share) (1)/(2)	0.9516	0.9067	0.4056	0.8302

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 278 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Company's share capital consists of 11,943,624 common fully paid-up shares. The Company currently holds 96,450 treasury shares, which correspond to 0.81% of the total shares of the Company (Note 6.11.2).

Adjusted (diluted) earnings per share	GROUP		COMPANY
	1/1- 31/12/2025	1/1- 31/12/2024	1/1- 31/12/2025	1/1- 31/12/2024
Earnings after taxes corresponding to shareholders of the parent (1)	11,217	10,675	4,780	9,774
Weighted average number of shares outstanding	11,786.635	11,772.774	11,786.635	11,772.774
Number of stock options	28.481	99.175	28.481	99.175
Weighted average number of shares for the calculation of adjusted earnings per share (2)	11,815.116	11,871.949	11,815.116	11,871.949
Adjusted (diluted) earnings per share (Euro per share) (1)/(2)	0.9493	0.8992	0.4046	0.8233

Adjusted (diluted) earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding, with the effects of all potential securities convertible into ordinary shares. The stock option plan (Note 6.34) is the only category of potential securities convertible into common shares that the Company currently possesses. For the purposes of calculating diluted earnings per share, the exercise of options is taken for granted. To the existing weighted number of shares outstanding, the difference between the number of ordinary shares deemed to have been issued in the exercise of the rights and the number of ordinary shares that would have been issued at fair value is added. The number of ordinary shares that would have been issued at fair value is calculated by dividing the hypothetical cash proceeds from the stock options by the average market price of the ordinary shares during the reporting period. 6.31 Dividends th The Annual Ordinary General Meeting of the Company's Shareholders, on 20 of June 2025, approved the distribution (payment) towards the shareholders of a dividend amounting to 1,942,507.71 Euros (gross amount), from the earnings of the year 2024, i.e. an amount of 0.165 Euros per share (gross amount). Following the dividend tax of 5% that was withheld, the amount of dividend paid settled at 0.15675 Euros per share. The Company’s Board of Directors taking into account the results of the year 2025, the broader capital needs of the Company, as well as the wider financial environment which the Company operates in, intends to st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 279 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY propose to the Annual General Meeting of Shareholders the distribution of a dividend amounting to 2,073,255.45 Euros (gross amount) or 0.175 Euros per Company share. As the distribution of the dividend requires the approval of the general meeting of shareholders, no relevant obligation has been recognized in the financial statements for the year 2025. 6.32 Fair value measurement The Group and the Company use the following hierarchy to identify and disclose fair values of financial assets using the following valuation method: Level 1: fair values are determined by reference to published active money market transactions. Level 2: fair values are determined using measurement techniques for which all parameters that have a material impact on the fair value of the asset are supported by observable market prices (directly or indirectly). Level 3: fair values are determined using measurement techniques for which the parameters that have a significant impact on the fair value recorded are not supported by observable market prices. The table below shows the hierarchy of the fair value of the assets and liabilities of the Group and the Company.

	GROUP		COMPANY
	31/12/2025	31/12/2024	31/12/2025	31/12/2024	Fair Value Hierarchy
Other long-term liabilities
Interest Rate Swaps (Note 6.6)	522	561	522	561	Level 3
Trade and Other Current Liabilities
Gains/(losses) from valuation of forward foreign exchange transactions (Note 6.17)	101	0	101	0	Level 2
Capital reserves
Stock options	351	400	351	400	Level 3

On 31/12/2025, the Group had forward foreign exchange contracts in force with maturity dates until 31/12/2027 in order to hedge risks associated with the EUR/USD exchange rate. The fair value of the contracts (receivable) was valued on 31/12/2025 at a loss of 101 thousand euros and was recorded in the income statement under the account “Other Financial Results”. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 280 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY The Group borrows at a floating interest rate and in order to hedge the respective interest rate risk, it utilizes interest rate swaps. In this context, the Group exchanges each time the difference between amounts corresponding to the agreed fixed interest rate and amounts corresponding to the Euribor related floating nominal interest rate. From the valuation of the above contracts, on 31/12/2025, a loss of 42 thousand Euros arose and was recorded as a debit to the Other financial results. The fair value of the granted stock options was estimated according to the Black Scholes model and amounted to 351 thousand Euros on 31/12/2025. The fair value of the Group's financial assets and financial liabilities, which consist of cash, receivables from customers, loans and other receivables, liabilities to suppliers and related liabilities do not differ significantly from their book values, mainly due to their short-term nature. The Group's bank loans have a floating interest rate and therefore their fair values do not differ significantly from their book values. 6.33 Reconciliation of cash flows from financing activities Based on the amended IAS 7, the reconciliation of debt liabilities between the statement of Financial Position and the financing activities of the statement of cash flows is presented below:

THE GROUP	31.12.2024	1/1/- 31/12/2025			31.12.2025
	Statement of financial position	Collections Cash flow statement	Payments Cash flow statement	Transfers	Statement of financial position
Long-term debt liabilities	43,055	1,700	-7,217	-243	37,295
Short-term liabilities	8,110	225	-259	243	8,319
	51,165	1,925	-7,476	0	45,614

THE COMPANY	31.12.2024	1/1/- 31/12/2025			31.12.2025
	Statement of financial position	Collections Cash flow statement	Payments Cash flow statement	Transfers	Statement of financial position
Long-term debt liabilities	38,829	1,700	-6,148	-243	34,138
Short-term liabilities	6,148	0	0	243	6,391
	44,977	1,700	-6,148	0	40,529

st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 281 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY

THE GROUP	31.12.2023	1/1/- 31/12/2024			31.12.2024
	Statement of financial position	Collections Cash flow statement	Payments Cash flow statement	Transfers	Statement of financial position
Long-term debt liabilities	32,259	28,227	-16,237	-1,194	43,055
Short-term liabilities	6,879	673	-635	1,194	8,110
	39,137	28,900	-16,872	0	51,165

THE COMPANY	31.12.2023	1/1/- 31/12/2024			31.12.2024
	Statement of financial position	Collections Cash flow statement	Payments Cash flow statement	Transfers	Statement of financial position
Long-term debt liabilities	27,191	28,000	-15,075	-1,287	38,829
Short-term liabilities	4,861	0	0	1,287	6,148
	32,052	28,000	-15,075	0	44,977

6.34 Exercise of stock options (Stock Option Plan) and subsequent increase of the Company's share capital In accordance with the terms of the Stock Option Plan, which was established pursuant to the decision of the Board of Directors on 10/07/2023, and in execution of the decision of the Annual Ordinary General Meeting of the Company's shareholders dated 16/06/2023, the Company's executives, as determined by the relevant decision of the Board of Directors on 14/07/2023, were invited to submit, by 30/09/2025, a declaration of intent to exercise stock options corresponding to 74,400 new common, registered shares of the Company. Specifically:

	Stock Option Plan
Number of stock options to be exercised	75,400
Number of stock options exercised	74,400
Exercise price	3.00€
Exercise period	30.06.2025-30.09.2025
Payment deadline	30.09.2025 - 20.10.2025

The cash payment of the purchase price for the above shares was completed on time and amounted to 223,200.00 Euros. On 24/10/2025, the Minutes of the Board of Directors dated 22/10/2025 were registered in the General Commercial Registry (G.E.M.I.) with Registration Number 5610134 via the Companies Directorate of the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 282 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Ministry of Development and Investments as being the competent Supervisory Authority. The Minutes of the Board of Directors concerned the share capital increase of the Company by an amount of 40,176.00 Euros via the payment in cash and through the issuance of 74,400 new common, registered shares with a nominal value of 0.54 Euros and an issue price of 3.00 Euros per share. The difference between the offering price of the new shares and their nominal value, of 183,024 Euros, was transferred to a special Share Premium reserve account. On 31/10/2025, the Minutes of the Board of Directors dated 29/10/2025 were registered in the General Commercial Registry (G.E.M.I.) with Registration Number 5616614 via the Companies Directorate of the Ministry of Development and Investments as being the competent Supervisory Authority. The Minutes of the Board of Directors concerned the certification of the cash collection of the amount in relation to the above share capital increase, in accordance with the provisions of articles 20 and 113 of Law 4548/2018. Consequently, following the above corporate action, the share capital of the Company amounted to 6,449,556.96 Euros, divided into 11,943,624 common, registered shares with a nominal value of 0.54 Euros per share. The Corporate Actions Committee of the Athens Exchange, Greece, during its meeting held on November 11, 2025, approved the listing for trading of the above 74,400 new common, registered shares of the Company. On November 14, 2025, the trading of the above 74,400 new shares commenced on the Athens Exchange, Greece. 6.35 Establishment of Plan for the distribution of shares to the members of the Company's Board of Directors, managers and other executives, in the form of stock options th The Board of Directors of the Company, during its meeting on October 30 , 2025 and following the th authorization provided by the Annual Ordinary General Meeting of shareholders on June 16 , 2023, proceeded to establish a new plan for distribution of shares to the members of the Board of Directors, the managers and top executives of the Company, in the form of stock options (rights) to acquire shares. The above are in accordance with the current regulatory framework and specifically with the provisions of article 113 of Law 4548/2018. The maximum number of shares that can be granted under the above stock option plan is 82,200 shares. The plan consists of granting stock options to the participants, in order for the latter to acquire shares of the Company through their participation in a share capital increase at a fixed offering price, set at three (3.00) Euros per stock option. st November 1 , 2027 was set as the maturity date of the rights. The exercise of stock options and the deposit that must be made by the beneficiary of these rights will take place from 01.11.2027 to 21.11.2027. The Company will notify in time the beneficiaries of the corresponding bank account of the Company. In order to exercise the rights, a prior written notification of the beneficiary's intention to exercise the st relevant right is required by March 1 , 2027, i.e. three (3) months before the above maturity date. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 283 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY In accordance with the article 113, paragraph 3 of Law 4548/2018 after the exercise of stock options by the participants, the Board of Directors will issue and distribute the shares to the beneficiaries and will take a respective decision in relation to the Company's share capital increase by an amount equivalent to the value emerging from the rights that have been exercised. The Board of Directors will also take a relevant decision with regard to the certification of payment of the Company's share capital increase. th The above decision was registered in the General Electronic Commercial Registry (GEMI) on November 4 , 2025 with no. 3306748. By the decision of the Company's Board of Directors dated 03/11/2025, the beneficiaries were defined in accordance with the specific provisions of the Plan and stock options were granted for entire number of shares that may be authorized under the aforementioned Plan, namely for 82,200 shares of the Company. The evolution of exercise of the Stock Option Plan of the Company, according to the allocation program that the Company has established and is implementing, is depicted in the following Table.

Stock Option Plan					Initial balance	During the period			Ending balance
Period of the plan	Granting date	Maturity date	Exercise period	Exercise price	Options at beginning of year	Options granted	Options matured	Options cancelled	Options subject to performanc e	Options granted but not matured	Options subject to retention
10.07.2023- 30.09.2025	14.07.2023	30.09.2025	30.9.2025- 20.10.2025	3 EUROS	75,400	-	74,400	1,000	-	-	-
12.06.2024- 30.06.2026	20.06.2024	30.06.2026	30.06.2026- 20.07.2026	3 EUROS	83,400	-	-		-	83,400	-
30.10.2025- 01.11.2027	03.11.2025	01.11.2027	01.11.2027- 21.11.2027	3 EUROS	-	82,200	-		-	82,200	-
Total					158,800	82,200	74,400	1,000	-	165,600	-

6.36 Reclassification of Items The following items of the previous fiscal year 2024 of the Group's statement of financial position were reclassified as follows. Deferred tax assets (Amount 428 thousand Euros from 0 Euro) Deferred tax liabilities (Amount 1,153 thousand Euros from 725 thousand Euros) The reclassification had no effect on the equity or the results of either the Group or the Company. 6.37 Events after the reporting date of the financial statements There were no significant events that took place after the end of fiscal year 2025 and until the date of preparation of this Report that should be disclosed and reported herein, with the exception of the following: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 284 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY Recent war conflict developments in IRAN region This war conflict is part of a broader context of geopolitical tensions in Middle East, which have been escalating in recent years, raising strong concerns in the international community in view of the impact on supply chain, the prices of raw materials, energy, but especially of the impact on international stability and cooperation. The intense escalation of events took place within the first quarter of fiscal year 2026, through a direct exchange of military fire in the countries involved in the war conflict. The above events further intensified the existing unrest and uncertainty, especially when taking into consideration the fact that Middle East is a key hub for the production and transfer of fossil fuels. Therefore any disruption of supply may generate increased volatility in international energy prices, transport costs and supply chains. These factors, as it is self-evident, may significantly affect the operating costs and overall economic activity of the Group at an international level, without this kind of impact being easily identifiable and measureable. It is noted that the Group's turnover for the fiscal year 2025, which concerned the countries either involved in or affected by the war, accounted for less than 1.5% of the total consolidated turnover and mainly concerned sales to Israel. It is worth mentioning that sales to Israel continue to be realized until the date of approval of the financial statements. Despite the fact that the percentage of the above geographical markets into the Group's total turnover remains minimal, the intensity and potential duration of such a conflict might create a significant negative impact on the smooth operation of the supply chain, raw material prices and energy costs. Currently such an impact cannot be accurately estimated due to the existing volatility. The Management is particularly cautious regarding the overall negative impact on the Group's prospects for the fiscal year 2026, in view of the high degree of uncertainty with regard to the duration and intensity of the crisis, as well as its secondary effect on both the Greek economy as well as the economies of other countries which the Group activates in. Consequently, the likelihood that the Group's overall performance and course may be negatively affected, mainly through unfavorable movements in production cost and demand, cannot be ruled out. Koropi, 28/4/2026 THE CHAIRMAN THE CHIEF EXECUTIVE THE CHIEF FINANCIAL OF THE BOARD OFFICER OFFICER GEORGIOS S. STAMATIOS S. ZOIS P. GINOSATIS GINOSATIS ZAVERDINOS ID NO./ΑΕ 153990 ID NO./S.500301 ID NO./AZ 032773 REG. NO. 007899724 st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 285 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY CHAPTER 5: Online availability of financial information In accordance with the provisions of Decision 12A/889/31.08.2020 of the Board of Directors of the Hellenic Capital Market Commission, it is hereby notified that the Annual Financial Statements of the Group and the Company, the Audit Report of the Statutory Auditor and the Management Report of the Board of Directors of the Company as well as the annual financial statements and the audit certificates of the Statutory Auditor of the companies included in the consolidated financial statements have been uploaded on the internet at www.flexopack.com . st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 286 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY APPENDIX A: Report of the Audit Committee for the year 2025 Report of the Activities of the Audit Committee of the Societe Anonyme “FLEXOPACK PLASTICS SA” for the year 2025 To the Ordinary General Meeting of Shareholders of the Company of the year 2026 Koropi, 27-04-2026 Introduction Dear Shareholders, In our capacity as members of the Audit Committee of the Company under the name “FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY” (hereinafter the "Company"), we submit the report of the activities of the Audit Committee for the year 2025. The report was prepared in accordance with the provisions of article 44 of Law 4449/2017, as in force and presents in a concise form the manner by which the Committee has fulfilled its responsibilities. The Audit Committee was elected by the Ordinary General Meeting of Shareholders of 25.06.2021, constitutes an independent joint committee and consists of three (3) members, of which one (1) member comes from the independent non-executive members of the Board of Directors and two (2) members are third parties, non-members of the Board of Directors. The Audit Committee during the year 2025 consisted of the following members: (a) Mr. Dimitris Panagotas, Chairman of the Audit Committee (non-member of the Board of Directors - third party), (b) Ms. Aliki Benroubi, Member of the Audit Committee (independent non-executive Member of the Board of Directors), (c) Mr. Nikolaos Vlachos, Member of the Audit Committee (non-member of the Board of Directors - third party). During the fiscal year 2025, the Committee convened sixteen (16) times and discussed all issues related to its responsibilities, in the presence of all of its members and decisions were taken unanimously. Top executives and the external Certified Auditor - Accountant of the Company participated in those meetings wherever it was deemed appropriate. The Committee operated in full compliance with the applicable legislative and regulatory framework as well as with its operating regulations approved by the Board of Directors. Purpose and responsibilities The primary purpose of the Audit Committee remains to support the Board of Directors in ensuring the integrity of financial information provided, monitoring the internal control system and supervising the st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 287 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY mandatory audit of the Company's separate and consolidated financial statements. Particular emphasis was placed in 2025 on the implementation of the sustainability reporting framework (Corporate Sustainability Reporting Directive - CSRD) and the relevant standards (European Sustainability Reporting Standards - ESRS), in accordance with the provisions of Law 5164/2024. Within its remit, the Audit Committee: (a) Informs the Board of Directors of the audited entity about the outcome of the statutory audit and depending on the case about the outcome deriving from the submission of the Sustainability Reports. The Committee also explains how the statutory audit and the verified submission of the Sustainability Reports contributed to the integrity of the financial information and what the role of the Audit Committee was along that process; (b) Monitors the financial reporting process and, where applicable, the sustainability reporting process, including the electronic reporting procedure as provided by the article 154B of Law 4548/2018, and the procedure carried out by the Company in order to specify and verify the information submitted in accordance with the sustainability reporting standards under article 154A of Law 4548/2018. The Committee also submits recommendations or proposals to ensure the integrity of the process; (c) Monitors the mandatory audit of the annual and consolidated financial statements, ensuring the submission of the annual and consolidated sustainability report and, in particular, the related performance, taking into account any findings and conclusions of the competent authority in accordance with paragraph 6 of Article 26 of Regulation (EU) No. 537/2014; (d) Reviews and monitors on a constant basis the independence of statutory auditors or audit firms and in particular the appropriateness of the provision of non-audit services to the audited entity; (e) Is responsible for the selection process of certified public accountants or audit firms and proposes the statutory auditors or audit firms to be appointed; (f) Monitors the effectiveness of the internal control, quality assurance and risk management systems of the Company and, where appropriate, of its Internal Control Department, regarding the financial information of the audited entity. Moreover, it deals with the submission of sustainability reports of the Company, including the relevant electronic reporting procedure that is provided by the article 154B of Law 4548/2018, without violating the independence of this entity. Activities of the Audit Committee The issues the Committee dealt with during the year 2025 as well as during the year 2026 (until the preparation date of the present Financial Report) by area of field of interest were the following: A. Mandatory external audit - Financial information procedure In the field of external control and financial information procedure, the Committee has taken the following steps: st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 288 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (a) Was informed by the Chief Financial Officer of the financial statements of the Company and the Group for the year ended 31 December 2024 and of the principal matters concerning the Financial Management in the preparation of the financial statements; (b) Was informed of the accounting principles and policies applicable to the preparation of the financial statements, as well as of the consolidation basis and measurement methods used for the assets and liabilities contained in the financial statements; (c) Reviewed the financial statements of the Company and the Group for the year 2024 (01.01.2024- 31.12.2024) before their approval by the Board of Directors and evaluated these financial statements in terms of their accuracy and completeness; (d) Ascertained the reconciliation of the financial statements with the legally binding content and framework of their preparation and proposed their approval; (e) Briefed the Board of Directors on the issues arising from the statutory audit, the contribution of the statutory audit to the quality and integrity of financial information and the role of the Audit Committee in this procedure; (f) Verified the compliance with the rules of disclosure of the financial statements, as well as the possibility of an immediate, permanent and free-of-charge access to this information; (g) Was briefed by the Certified Public Accountant on the most important issues of the audit for the year 2024, the risks that were assessed as the most important ones and on the available options to deal with those risks, and was informed about the final draft of the Audit Report for the year ended 31 December 2024, (h) Received knowledge about the supplementary report of the Certified Public Accountants provided for in Article 11 of European Union (EU) Regulation 537/2014 on the financial statements of the Company and the Group; (i) Submitted a proposal to the Annual Ordinary General Meeting of the Company's Shareholders for the re- election of the Audit Company under the name "Grant Thornton Societe Anonyme SA" for the performance of the statutory audits of the annual and semi-annual financial statements for the year 2025, (j) Was informed by the Certified Public Accountant regarding the procedure and methodology to be followed during the audit of the semi-annual and annual financial statements for the year 2025, with the planning and schedule of the audit, as well as for the particular procedures to be followed, (k) Confirmed the impartiality, objectivity, independence and integrity of the external auditors in accordance with the Code of Professional Ethics of the International Federation of Accountants, Regulation (EU) 537/2014 and Law 4449/2017, as well as the non-provision of any external directive, guidance or recommendation by the Management of the Company, (l) Was informed by the Certified Public Accountant about the audit approach of the review of the interim financial statements of the first half of the year 2025 and acquired knowledge with regard to the important issues of the audit review, (m) reviewed the financial statements of the Company and the Group for the first half of 2024 and evaluated their accuracy and completeness, (n) supervised the correct and timely disclosure to the investment community of corporate announcements related to financial and non-financial information, (o) reviewed all services provided by the Audit Company and approved the provision of authorized non-audit services by the auditing company "Grant Thornton Societe Anonyme of Certified Auditors and Business Consultants". st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 289 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (p) monitored the process of preparation of the Sustainability Report, including the electronic submission of the Report in accordance with the article 154B of Law 4548/2018 as well as the procedure carried out by the Company in order to specify and verify the information submitted in accordance with the sustainability reporting standards under article 154A of Law 4548/2018. The Committee also submitted recommendations or proposals to ensure the integrity of the process. (q) was informed about the outcome of the submission of the Sustainability Report and provided the required clarifications and explanations regarding its contribution to the preparation process of the Sustainability Report as well as regarding its respective role. (r) monitored the mandatory audit in relation to the submission of the consolidated sustainability report and in particular the respective performance, taking into consideration the findings and conclusions of the competent authority in accordance with paragraph 6 of article 26 of Regulation (EU) No. 537/2014. (s) was informed by the Chief Financial Officer about the financial statements of the Company and the Group for the fiscal year ended December 31, 2025 and about the main issues that concerned the Finance Department during their preparation, (t) reviewed the annual financial statements of the Company and the Group for fiscal year 2025, prior to their approval by the Board of Directors, ascertaining their alignment with the mandatory content by law and recommended their approval, (u) was informed by the Certified Auditor on the most important issues of the audit of the fiscal year 2025, the risks assessed as most significant and was informed of the final draft of the Audit Report as well as the Supplementary Report of the Certified Auditors (based on article 11 of EU Regulation 537/2014) for the fiscal year ended 31 December 2025, (v) informed the Board of Directors on the issues arising from the performance of the mandatory audit of the fiscal year 2025 and explained the contribution of audit towards the integrity of financial information and the role of the Audit Committee in this process. B. Internal control system procedures In the context of monitoring the effective operation of the Company's internal control system and the proper operation of the Internal Control Unit, the Committee: (a) Examined and evaluated the effectiveness and adequacy of the Internal Control Unit's procedures regarding the Company's financial information, without affecting by any manner its independence; (b) Monitored the effectiveness of internal control systems through the work of the Internal Control Unit and the work of the Certified Public Accountant; (c) Confirmed the exclusive employment, personal and functional independence and objectivity in the performance of duties of the Head of Internal Audit Unit as well as the possession of the appropriate knowledge, professional experience and absence of any incompatibility. (d) Reviewed the management of the Company's main risks by evaluating the methods used by the Company to identify and monitor the risks, as well as the treatment of the main ones and their proper disclosure; (e) Was informed of the annual audit plan of the Internal Control Unit before its implementation, proceeded with a review and respective assessment, and then approved it accordingly; (f) Was informed of and evaluated the work of the Internal Control Unit and was informed of the reports of the Head of the Internal Control Unit; (g) Inspected the proper functioning of the Internal Control Unit in accordance with professional standards and the applicable legal and regulatory framework in general; st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 290 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY (h) Held meetings with the Internal Controller for the discussion of pertinent issues and contributed to the resolution of such issues that emerged during the audit process, in order to ensure the smooth operation of all individual Departments and Divisions of the Company; (i) Confirmed that the Internal Control Unit had a constant and unhindered access to all the data and records of the Company, which are necessary for the performance of its duties, as well as to all the Departments of the Company, (j) Examined the Rules of Operation of the Internal Control Unit of the Company and its compliance with the requirements of the applicable regulatory framework. (k) was informed by the regulatory compliance officer about the findings, proposals and recommendations in the framework of the conducted regulatory compliance audit and approved the annual work plan for 2025, (l) was informed about the 2024 risk management report and approved the annual action plan of the risk management unit for 2025. (m) was informed of the risk management report for the fiscal year 2025 and approved the annual action plan of the risk management unit for the fiscal year 2026. C. Other works (a) Monitored the Company's nature of activity in order to ensure the protection of the environment, the health and safety of employees, the local community and the public. (b) approved the content of the information that was provided to the shareholders during the Annual Ordinary General Meeting of 20 June 2025 regarding Company's business activities for the financial year 2024. (c) Monitored and reviewed the assessment process of the Internal Control System of the Company and its significant subsidiaries, Flexopack Polska Sp. Z.o.o. and Flexopack Pty Ltd, in accordance with the provisions of article 14 of Law 4706/2020, Decision 1/891/30.09.2020 and 2/917/17.06.2021 of the Board of Directors of the Hellenic Capital Market Commission for the period 1 January 2025 to 31 December 2025 and submitted a relevant recommendation to the BoD. The above assessment was carried out by an independent evaluator and according to the relevant conclusion included in the final assessment report, the evaluator did not identify any weaknesses that could be considered as material weaknesses in the Internal Control System (ICS) of the Company and the significant subsidiaries, in accordance with the Regulatory Framework. (d) Monitored and reviewed the process of evaluating the implementation as well as the effectiveness of the Company's Corporate Governance System with a reporting date of 31.12.2025 and reported the results of its work to the Board of Directors. Based on the respective evaluation, no material weaknesses were identified in the Corporate Governance System, in accordance with the requirements arising from the applicable criteria. Sustainable development policy followed by the Group The sustainable development policy that governs the Group incorporates ESG (Environment, Society, Corporate Governance) criteria into its business model and is based on the following pillars: - Planning and construction of facilities that aim at maximum energy savings, as well as at optimizing the management of raw materials and natural resources. - Frequent maintenance and continuous renewal and upgrading of the mechanical equipment used, in order to ensure operation with the lowest possible energy footprint. st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 291 Amounts in thousands euro

FLEXOPACK SOCIÉTÉ ANONYME COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY - Implementation of technologies and targeted actions to reduce direct and indirect greenhouse gas emissions (Scope 1 & 2), aligned with the Company's strategic goal to reduce emissions by 30% by the year 2030. - Promotion of the principles of the circular economy through the selection of recyclable and recycled (wherever feasible and safe) raw materials, the minimization of waste and through the more efficient integration into the recycling and alternative packaging management system. - The implementation of strict procedures for the prevention, detection and management of emergencies, as well as systematic assessment of climate and operational risks (resilience analysis). - Continuous provision of information, training and awareness-building towards the personnel on issues about climate change, environmental protection, occupational health and safety, as well as business ethics. - Systematic monitoring and evaluation of the Group's suppliers, with regard to their adherence to quality standards, the implementation of procedures to address climate change, the use of clean energy sources and with regard to the general regulatory compliance. - building relationships of trust with the local communities in which the Group develops its business activities along with continuous effort to minimize the obstruction caused and ensure the social license to operate. In conclusion, the members of the Audit Committee consider that they have fulfilled their duties and obligations, as set out in the updated Rules of Proceedings of the Audit Committee, as well as that they have assisted the Board of Directors in exercising its duties. Yours sincerely, The members of the Audit Committee The Audit Committee Dimitrios Panagotas Aliki Benroubi Nikolaos Vlachos Chairman Member Member st st Annual Financial Report of financial year 2025 (January 1 – December 31 2025) 292 Amounts in thousands euro