Ellaktor’s new profile is focused on real estate

The illustration of Ellaktor—which has disposed of each its concern lines but existent estate—is reflected successful the company’s 2025 fiscal results.

Ellaktor’s halfway enactment is present focused connected existent property improvement and spot arsenic well arsenic hospitality management. Revenue from this conception roseate to 18 cardinal euros, compared to 3.7 cardinal euros successful 2024, chiefly driven by the publication of Alimos Marina and Athens Properties and its subsidiaries.

Overall, the Group’s turnover amounted to 89.2 cardinal euros.

Net nett aft tax reached 152.1 cardinal euros (versus 57.4 cardinal successful 2024), including superior gains of 187.3 cardinal from completed transactions. EBITDA (earnings earlier interest, taxes, depreciation and amortization) recorded a nonaccomplishment of 11.6 million, compared to profits of 170 cardinal successful 2024.

Cash and currency equivalents from continuing operations stood astatine 306.2 million, compared to 293.2 million, while total equity amounted to 486.4 cardinal euros. Total consolidated borrowings (excluding lease liabilities) were reduced to 25.7 cardinal from 426.8 million.

Commenting connected the results, absorption noted that advancement continued during the erstwhile fiscal year connected the improvement of the New Alimos Marina. The institution is presently awaiting the issuance of gathering permits, which will people the commencement of the operation signifier and the gradual rollout of the marina’s caller infrastructure and facilities.

In addition, the renovation of the edifice located connected Kifisias Avenue successful Marousi, Attica, has been completed. The lease has been undertaken by the recently established Reds Hospitality, a wholly owned subsidiary of Reds (itself a subsidiary of Ellaktor), for a 25-year term with an enactment to widen for an further 10 years. The afloat upgraded edifice has been successful cognition since March 2026.

It was highlighted that the cognition of the caller edifice unit, successful operation with luxury serviced apartments crossed 8 standalone properties successful cardinal Athens, is expected to further strengthen Ellaktor’s beingness successful the hospitality assemblage and support the execution of its concern strategy.

Moreover, arsenic portion of its strategy to reenforce its Real Estate Development and Hospitality segment, Ellaktor established Landmark Holdings in January 2026 with archetypal superior of 46 cardinal euros. During the year, the institution acquired from Prodea Investments a landmark bureau gathering connected Vasilissis Sofias Avenue successful Athens for 44 million.