Board Change • Jun 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Executive Independent Director Vrasidas Mavroudes was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (23% accrual ratio). Revenue is less than US$1m (€620k revenue, or US$728k). Market cap is less than US$10m (€5.20m market cap, or US$6.11m). Announcement • May 01
Aias Investment Public Ltd, Annual General Meeting, Jul 07, 2026 Aias Investment Public Ltd, Annual General Meeting, Jul 07, 2026, at 10:00 GTB Standard Time. Location: company`s office, 66 arch. makariou ave., off. 42, kronos court, 1077 nicosia., Cyprus 
