The JUMBO Group concluded the 2025 fiscal year with record sales of €1.23 billion and net profits of €320 million, while simultaneously increasing cash distributions to shareholders for 2026 by approximately +20% compared to 2025. The Group’s overall financial figures confirm the stability and resilience of the business model in place.
Key Financial Figures for 2025
In 2025, the Group’s sales increased by +7.22% compared to 2024, reaching €1,232.90 million. The gross profit margin stood at 54.72%, down from 55.61% in 2024, a decrease of 0.89 bps due to increased sales related to external partners (franchises) on a year-over-year (YoY) basis, which yield a lower profit margin.
The Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €436.40 million, representing an increase of +5.47% on a comparable basis, while net profit stood at €320.10 million, up by +3.56%.
The Group continues to operate without bank debt, maintaining high liquidity. As of December 31, 2025, cash and cash equivalents exceeded the total amount of loan obligations and lease liabilities by €473.21 million, compared to €372.51 million as of December 31, 2024.
Outlook for 2026
In an environment of heightened geopolitical and macroeconomic challenges, JUMBO remains committed to its strategy, maintaining a strong balance sheet, high liquidity, and disciplined growth, creating value for shareholders and ensuring its long-term sustainability. For 2026, management expects sales to grow by 5% and net profits to range between €310–320 million.
Distributions to Shareholders
In the first quarter of 2026, JUMBO paid an extraordinary cash distribution of €63.50 million, or €0.50 gross per share. Management will propose to the General Meeting of Shareholders a dividend distribution of €94.06 million, or €0.70 (gross) per share. Upon approval of the proposal, total cash distributions will amount to €157.56 million for 2026, up from €131.5 million in 2025, an increase of approximately 20%.
Reinvestment in the Jumbo model
Jumbo systematically directs its available capital toward strengthening its own business model. The Group invests in the acquisition of leased stores where this is deemed commercially and financially viable. In 2025, it proceeded with the acquisition of three stores in Greece.
The JUMBO Group currently operates 89 stores, of which 53 are in Greece, 6 in Cyprus, 10 in Bulgaria, and 20 in Romania. The strategic goal is to establish itself as a strong regional player in Southeast Europe, with an average rate of adding approximately two new hypermarkets per year. A strong balance sheet, zero bank debt, and high liquidity are key pillars.
In Greece, at least four new hyper-stores are planned over the next three years; in Cyprus, two new stores are planned in the medium term; in Bulgaria, one new hyper-store within two years, while in Romania, a new store is planned in Baia Mare by 2026, with the goal of doubling the network over the next decade.
E-commerce and digital presence
The Group operates online stores in Greece, Cyprus, Bulgaria, and Romania and is consistently investing in improving the user experience by leveraging existing infrastructure. At the same time, the Group is exploring the expansion of its digital presence into new markets, with the goal of launching an online store in Turkey by the end of 2026.
Investments in Infrastructure and Logistics
Strengthening infrastructure is a key element of the strategy. In this context, Jumbo has agreed to purchase a Giga distribution center (60,000 sq. m.) in Romania to optimize supply to the country.
At the same time, it is moving forward with the development of two additional distribution centers: in Thessaloniki, to be completed in 2027 and serving Northern Greece and Bulgaria, and in Oinofyta, with a completion timeline of 2–3 years and serving Greece and international operations. These investments enhance capacity, improve point-of-sale efficiency, and create the necessary infrastructure to support the Group’s regional growth, with the total amount expected to exceed €95 million over the next three years.
External partnerships and international presence
Through partnerships, the Group has a presence with 45 stores bearing the JUMBO brand in seven countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel). Fox Group, which holds the exclusive Jumbo franchise agreement in Israel and Canada, plans to expand its network in Israel by 3–4 stores in 2026, while the first Jumbo store in Canada is expected to open in Toronto in early 2027, barring any delays.
Management is continuously evaluating business proposals for potential partnerships outside the Eurozone, while it is in discussions with the Balfin Group to expand the franchise agreement to more countries.