Profit & EBITDA Surge in 2025 for AKTOR Group – Outperforming targets with strong growth

Year of holistic transformation with performance exceeding commitments and strengthening future prospects

• Revenue of €1.4 billion, up 11%, driven by growth in Construction and expansion into PPP/Concessions and Facility Management • €207 million pro forma adjusted EBITDA, up from €87 million in 2024 • Strong backlog, with €1 billion in new projects • LNG sales agreements expected to generate significant revenue from 2030 onwards • Transformation into a diversified Holdings Group with strong growth momentum

Paiania, April 30, 2026. AKTOR Group delivered strong financial performance in 2025, not only confirming but exceeding the estimates presented by Management in October 2024, as reflected in the 2025 Financial Statements announced today on Euronext Athens.

In a landmark year in its history, AKTOR Group carried out significant acquisitions, expanding its portfolio across nearly all business sectors and implementing notable investments. At the same time, it completed a dynamic, complex, and holistic corporate transformation, leading to the creation of a diversified Holdings Group with a new organizational structure and operating model, enhancing vertical integration, corporate governance, and growth potential.

Consistency between words and actions

Commenting on the 2025 financial statements, Chairman and CEO of AKTOR Group, Mr. Alexandros Exarchou, stated: “2025 was the year we accelerated our effort to make AKTOR Group larger and stronger, consistently and decisively delivering on everything we promised 18 months ago and achieving performance that exceeds our commitments. We implemented a dynamic corporate transformation, fully leveraged market opportunities both domestically and internationally, with a steady focus on further strengthening our Group. Today, AKTOR Group is a diversified business organization delivering impressive results while securing its future prospects.”

Mr. Exarchou added:“We now have the healthiest—and one of the largest—concessions portfolios in Greece, which we continue to expand with projects that offer even greater long-term security. Through next-generation projects, we achieved strong net profitability in Construction. In energy, in line with our strategy, we built a strong RES portfolio that will gradually position us as a key player in the energy market in Greece and the wider region.

We identified favorable international conditions early and entered the LNG sector, where we are investing strategically. With the trust of our shareholders and the investment community, we raised €340 million in 2025, enabling us to further strengthen the Group with confidence. Our market capitalization, now exceeding €2.2 billion, reflects this effort, confirming both the consistency of our strategy and the prospects recognized by the investment community.

At AKTOR Group, we remain committed to consistency between words and actions: We commit. We deliver. We secure the future. And we continue working hard, together with our 7,000 employees, to create value for our shareholders and society.”

Key Financial Performance

Sixfold revenue growth since 2022, with strong private sector contribution and international presence In 2025, the Group recorded strong performance, with revenue increasing from €1.255 billion to €1.395 billion (+11%), driven by Construction growth and expanded footprint in Facility Management and PPP/Concessions, with private sector and PPP revenues accounting for 45% of total turnover. International activities contributed approximately 25% of total revenue. Group revenue is now six times higher than in 2022, the year Winex Investments entered the company’s share capital.

Adjusted pro forma EBITDA up 137%

In 2025, pro forma adjusted EBITDA (including acquired companies on a full-year basis) rose significantly to €207 million, from €87 million in 2024 (+137%).

Excluding one-off extraordinary expenses that will not recur, recurring pre-tax profits reached €41 million, compared to near break-even in 2024 and losses in previous years. Gross profit amounted to €182 million (+47% vs. 2024), while net profit exceeded €15 million, compared to €3.7 million in the previous year (+309%).

Healthy capital structure

Equity reached approximately €400 million, cash and cash equivalents €324 million, and adjusted net debt stood at €144 million, reflecting a solid capital structure.

The increase in total net debt to €861 million is mainly attributed to debt transferred from acquisitions completed in 2025. It is noted that this debt is serviced by the cash flows of the acquired companies, has maturities beyond 2030, and is largely non-recourse to the parent company.

Strong backlog with €1 billion in new projects

Despite the completion of several projects, the backlog increased to €4.7 billion (from €4.6 billion in 2024), supported by the signing of nearly €1 billion in new contracts during 2025.

Record market capitalization

AKTOR Group’s market capitalization has reached €2.2 billion, approximately 10 times higher than in 2022.

Key highlights by business segment

Construction: a turnaround success story

The Construction segment generated €1.289 billion, accounting for 91% of total revenue, achieving a strong turnaround with profitability of €34 million, compared to losses of €9 million in 2024. Adjusted EBITDA reached €141 million, up 70% from €83 million.

Building a strong PPP/Concessions portfolio

In 2025, AKTOR Group completed the acquisition of AKTOR Concessions, significantly strengthening its market presence. The Group now holds one of the largest and healthiest PPP and concessions portfolios in Greece, participating in 16 projects, including the major BOAK concession project (budget €2 billion), and numerous upcoming tenders.

Strategic RES acquisitions shaping a strong energy portfolio

Since 2025, AKTOR Group has executed a series of acquisitions to strengthen its RES portfolio. By the end of 2026, it will operate 420 MW of solar projects and 100 MW of battery storage, expected to contribute approximately €33.7 million in annual EBITDA. Additionally, it holds a 145 MW wind portfolio, expected to generate around €25 million annually, alongside a development pipeline exceeding 1.3 GW, supporting investments of over €1 billion by 2028–2029.

First long-term LNG agreements

In 2025, AKTOR Group entered the LNG sector, signing a 20-year agreement with ALBGAZ (Albania) for the supply of 1 BCM of natural gas annually, with estimated revenue of €6 billion over the contract term. It also signed a 20-year agreement with ALUMINIJ INDUSTRIES (Bosnia & Herzegovina) for 0.5 BCM annually (€3 billion estimated revenue), along with MoUs with companies in Bulgaria, Ukraine, and Romania. Total EBITDA from these agreements is expected to reach approximately €90 million annually by 2030.

Strong growth in Facility Management

The Facility Management segment significantly improved its performance in 2025, posting profits of €7 million compared to losses of लगभग €1 million in 2024. AKTOR Group acquired 55% of Oceanic Group companies, strengthening its market position, while maintaining strong activity in the Middle East with a backlog of €265 million.

Source: pagenews.gr