The Cosmos Group plans to make investments ranging from 10 to 50 million euros, depending on market conditions, over the five-year period from 2026 to 2030, as revealed by the group’s Chairman and CEO, Dimitris Dafnis, during a meeting with journalists yesterday.
The key pillars of the investment plan include the expansion of facilities in Athens, Thessaloniki, and Cyprus; the expansion of data centers; the upgrade of the NOC and SOC; the development of AI Data Center infrastructure; as well as the continuous training and specialization of the workforce.
The company has purchased an additional 700-square-meter office space in Metamorfosi, Attica, increasing its owned facilities to 4,000 square meters. It will house its software, AI development, and Consulting and Professional Services operations there.
The Group’s trajectory from 2020 to 2025
It should be noted that from 2020 to 2025, the group, which now has 330 employees, has made investments exceeding 10 million euros. In fact, Mr. Dafnis described 2025 as the best year the group has ever had, and as he noted, it is clear that 2026 will also be positively impacted.
To prove the point, in 2025 the Cosmos Group recorded a turnover of €91 million. EBITDA stood at €8 million, while pre-tax profits reached €4.2 million.
The group completed 15 new major projects, and there is a project backlog of €120 million, which is expected to be completed over the next four years. It is worth noting that since 2020, sales have increased by 128%, while pre-tax profits have increased tenfold.
Similarly, the parent company Cosmos Business Systems reported revenue of €81.8 million, EBITDA of €7.3 million, and pre-tax profits of €4 million. Sales increased by 135% (2020 = €34.8 million), pre-tax profits by 1,000% (2020 = €0.380 million), and EBITDA by 248% (2020 = €2.1 million).
Targets for 2030
Based on the business plan, the Group has set a target for 2030 of a turnover of approximately €128 million, an increase of about 30% compared to 2025, and EBITDA of approximately €12 million, an increase of about 50% compared to 2025, provided there are no significant internal or external disruptions in Greece and Cyprus that would adversely affect the business environment.
The Group’s growth strategy is also based on undertaking new high-value-added projects in the public and private sectors, as, as noted during the press conference, market needs are now shifting from the simple installation of systems toward the provision of integrated operational services.
The focus is on cloud, cybersecurity, Artificial Intelligence, data, infrastructure, and software projects, as well as managed services, SOC/NOC, and business continuity services.
Particular emphasis is placed on Artificial Intelligence, cybersecurity/operational security, and software. Moreover, as Mr. Dafnis emphasized, the plan is for the company to become 100% AI-driven.
Furthermore, according to Mr. Dafnis, defense projects have already been announced, while projects from the Superfund are also expected to be announced, which will play a very important role. At the same time, there are projects such as ID cards, in which the Group intends to participate.
New solutions and partnerships
In terms of products and partnerships, recent developments include the expansion of Cosmos’ collaboration with NVIDIA, for which it is the official representative in Greece and Cyprus, in the field of Artificial Intelligence Data Center infrastructure with specialized vertical applications.
At the same time, the company has joined Apple’s official Business Partners network, expanding its capabilities to support large organizations, businesses, educational institutions, and professional groups through Apple’s ecosystem of products and services.
The group is also proceeding with the organized marketing of the new Archium, Talent, and CoreAI, as well as NOC services, with the aim of generating recurring revenue, increasing value added per customer, and differentiating itself from the traditional System Integration model.
At the same time, the sector of Defense, Security, Civil Protection, Coast Guard, and Border Security is one of the critical sectors in which the Group is already active in Greece and Cyprus. Moreover, for the Cosmos Group, Greece and Cyprus constitute a unified technological space, with shared needs, challenges, and significant growth prospects in the Eastern Mediterranean region.
According to the Group’s management, with a horizon of 2030, priorities include sustainable growth in sales and profits, further strengthening the backlog, increasing recurring revenue from managed services, as well as financing a new investment cycle through equity, bank loans, partnerships, and/or raising capital from the markets.
“As we prepare the company for the next 15 years, our vision is to transform the organization into a comprehensive IT consulting firm for businesses and organizations,” stated Mr. Dafnis.
Digital Transformation and Structural Weaknesses
Finally, the Chairman and CEO of Cosmos Group made an extensive reference to the Recovery Fund’s investment period, noting that, despite the significant boost it gave to the country’s digital transformation, it simultaneously highlighted a series of structural weaknesses.
He argued, among other things, that the suffocating deadlines, delays in approvals and deliveries, the difficulty of adapting specifications to rapid technological developments, the underestimation of operating costs after project completion, the absence of clear maintenance mechanisms, and significant increases in equipment costs, all created pressure on both the government and the companies responsible for their implementation.