The BIOKARPET Group reported an increase in profitability and key financial indicators in 2025, a development attributed primarily to the strong performance of the metallurgy sector through its subsidiary EXALCO S.A.
As stated in a related announcement, the improvement in both profitability and profit margin at EXALCO S.A. is due to increased revenue, reduced operating expenses resulting from economies of scale arising from the modernization and consolidation of production activities in Koulouri, Larissa, as well as lower distribution expenses and financial costs.
More specifically, consolidated revenue in 2025 reached €213.15 million, marking a 3.73% increase compared to 2024, while consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at €15.71 million, marking an increase of 11.63% compared to 2024.
Net profits amounted to €3.27 million, up from €0.3 million in 2024.
The metallurgy sector saw a 5% increase in revenue, from €195.65 million in 2024 to €205.09 million in 2025, as well as a significant improvement in profitability, with pre-tax profits of €2.72 million compared to €0.46 million in 2024. Management estimates that performance will gradually improve as staff continue to be trained and adapt to the changes brought about by the modernization of the production process.
During 2025, EXALCO S.A. Aluminum Industry made significant investments that further strengthen its commercial presence. Specifically, the purchase of the property housing the company’s branch in Sindos, Thessaloniki, was completed during the year, reinforcing the Group’s permanent presence in Northern Greece. At the same time, three new modern showrooms were established in strategic markets across the country—in Athens, Patras, and Thessaloniki—with the aim of showcasing and promoting the company’s new innovative products and strengthening its commercial activity.
The textile sector saw a 17% decline in revenue, from €7.25 million in 2024 to €6.00 million in 2025, but an improvement in financial results, with pre-tax profits of €0.79 million compared to pre-tax losses of €-0.07 million in 2024.
The energy sector also saw a 20% decline in revenue, from €2.29 million in 2024 to €1.84 million in 2025, while pre-tax profits remained nearly unchanged, from €0.64 million to €0.61 million in 2025, marking a 5% decrease. In 2025, electricity sold from renewable sources decreased by 23% compared to 2024, while energy generated from RES also decreased by 11%. These declines are attributed to constraints in the electricity transmission and distribution grid, which cannot handle larger volumes, resulting in production curtailments regardless of demand. Furthermore, the lack of adequate storage systems, such as batteries, prevents the utilization of surplus energy, inevitably leading to a reduction in production when supply exceeds demand.
Finally, the IT sector saw a 26% decline in revenue, while pre-tax profits stood at €0.03 million in 2025 compared to €0.05 million in 2024.
The Group’s strategic investments continued in 2025, with the completion of major projects in the metallurgy sector. For example, the automated overhead crane in the electrochrome baths became fully operational in mid-October 2025, further improving the production process. In the energy sector, investments were completed, such as the installation of a 100 kW net metering photovoltaic station at the plant in Koulouri, Larissa, as well as two photovoltaic parks with a total capacity of 12 MW. The Group currently operates solar farms with a total capacity of 35 MW and has secured, by the end of 2025, 45% of its total annual natural gas consumption for 2026 at a low price.
For 2026, the Greek economy is expected to maintain its growth momentum, with investments—particularly through the Recovery Fund—and tourism as key pillars. However, geopolitical developments in the Middle East pose a significant external risk, affecting energy costs, supply chains, and the availability of raw materials. Despite these challenges, the Group has secured sufficient raw material supplies through strategic partnerships and effective inventory management, ensuring the uninterrupted operation of the production process for the entirety of 2026. The Group’s Management remains committed to its strategic objectives, guided by the interests of employees, shareholders, and the local community.
Outlook for 2026
The new global reality, characterized by increased geopolitical instability due to developments in the Middle East and a particularly volatile economic environment, is shaping complex interactions among powerful nations and leading to the formation of new economic alliances. Amid this context of challenges and changes, the Management of the BIOKARPET Group remains steadfastly committed to its vision and principles, pursuing sustainable growth and continuous cost reduction through the systematic adoption of new technologies.
The outlook for 2026 is positive, as the first quarter has already shown an improvement in results compared to the same period in 2025. Specifically, orders received by the subsidiary EXALCO increased by 18% in international markets and by 39% in the domestic market. Management estimates that 2026 will be a year of strong financial performance for the Group.
Meanwhile, in April 2026, 4 MW of photovoltaic power plants for BIOKARPET and 8 MW for the subsidiary EXALCO became operational under intra-group PPA agreements. These investments are expected to contribute significantly to reducing energy costs, as well as to limiting the Group’s carbon footprint.
Finally, plans are underway to install a new, state-of-the-art automated packaging machine, with completion scheduled for August 2026. This investment is expected to boost production efficiency, reduce packaging time and costs, and improve product quality, further enhancing the company’s competitiveness and growth momentum.