The launch of the new hydroponic tomato cultivation facility drove Wonderplant’s revenue to record levels, but increased financial expenses weighed on net earnings.
The company, one of the largest producers of hydroponic tomatoes in Drama, was founded by a group of entrepreneurs consisting of Spyros Theodoropoulos, Makris, Nendos, and Folias, increased its sales by 29% last year to €56.2 million, as the new 100-acre greenhouse in Drama became operational.
The new facility includes packing houses, storage areas, and a 9.6 MW cogeneration plant. As a result, Wonderplant’s production base has expanded to 305 acres of high-tech greenhouses, up from 200 acres previously, strengthening its market position.
EBITDA stood at €11.4 million, marking a 5.4% increase. However, financial expenses rose to €4.8 million from €1.5 million. As a result, pre-tax profits fell to €1.18 million, down from over €6 million in 2024.
Furthermore, as part of its growth strategy, the company has initiated new investments for the construction of new greenhouse facilities in the Ptolemaida region. As noted in the financial statements, on March 9, the Special Service of the Managing Authority of the Just Transition Program (JTP) announced its decision regarding the inclusion of the project “Development of a state-of-the-art hydroponic tomato greenhouse” into the “Just Development Transition 2021-2027” Program and the Priority "Strengthening and Promoting Entrepreneurship," under which support is provided through a grant.
Elsewhere, it is noted that the company has already taken the initial steps, while the start of the construction phase is expected within the 2026 fiscal year.
Beyond production, Wonderplant continues to invest significant resources in research and development. Collaboration with universities in Greece and participation in the European ECONUTRI program are part of a strategy aimed at improving productivity and reducing the consumption of natural resources at a time when sustainability requirements are increasing across the European agri-food chain.