Kefalonia Fish Farms S.A., owned by the Geroulanos–Barazi family and the Spanish Profand Group, which holds a majority stake, achieved an impressive increase in its financial figures last year.
Revenue reached €79.578 million, compared to €68.499 million in 2024, marking a 16.2% increase. The rise is attributed to both higher selling prices and an increase in the quantities sold. A total of 8.763 million kilograms of fish were sold, compared to 7.655 million kilograms in 2024, of which 79.34% were from the company’s own production and the remaining 20.66% from partner units.
Gross profit amounted to €21.40 million, up 79.6%, while the gross profit margin improved to 26.9% from 17.4%. EBITDA reached €12.187 million, representing a 175% increase, while pre-tax profits soared to €8.905 million from just €1.492 million in 2024, marking a 496.5% rise. Similarly, net profit after taxes exceeded €7.149 million, compared to €832,181.
During the fiscal year, the absorption of the subsidiaries Fthiotida Fish Farms S.A. and Amfitriti Fish Farms IKE was completed. Investments for the fiscal year amounted to €1.27 million, primarily in mechanical equipment, vessels, production facilities, and information systems.
For the current fiscal year, and despite the challenges posed by inflation, rising raw material costs, and international geopolitical developments, the company believes that its strong capital base and recent investments create the conditions for continued growth. At the same time, key priorities include cost-reduction initiatives, primarily in maintenance, transportation, and packaging materials, as well as more efficient use of fish feed.