Galaxidi Marine Farms achieved a dramatic improvement in its financial performance last year. The group’s revenue reached €110.17 million, up from €84.32 million in 2024, marking an increase of over 30%.
EBITDA soared to €28.38 million, up from €8.75 million a year earlier, while net profit after tax reached €18.12 million, compared to just €1.92 million. These results take on greater significance when the nature of the industry is considered.
Fish farming is characterized by high operating costs, exposure to international feed prices, energy pressures, and intense competition from other Mediterranean markets, primarily Turkey. Within this environment, Galaxidi’s performance indicates that the company has managed to capitalize on improved market conditions, increased production, and strong demand.
A key factor is the company’s outward orientation. Nearly 90% of the company’s finished product is exported, with key markets including Spain, Italy, France, Switzerland, the United Kingdom, Germany, Austria, and the United States.
The group operates eight floating fish farms in Phocis, one in Boeotia, and one in Spain, two fish hatcheries, as well as modern packaging facilities. Total production capacity reaches 16,380 tons of fish per year, while fry production can reach 47 million fry annually.
The company has entered into a partnership with LEMOND CO for fry pre-fattening services, which are expected to improve fish survival rates, reduce rearing costs, and increase production capacity.
Galaxidi Marine Farms, with cash and cash equivalents of €3.93 million (up from €1.84 million), is controlled by the IRIDA Group. At the same time, the group is expanding its international presence through its Spanish subsidiary Acuicultura del Delta, in which it holds a 100% stake.