The well-known northern Greek chain Terkenlis closed out 2025 with increased sales, stronger profitability, and an improved capital base. Revenue reached 19.02 million euros, compared to 18.05 million euros in 2024, marking a 5.4% increase.
Management describes the business performance as satisfactory, noting that growth came from both retail and wholesale operations, while exports to Cyprus and other European Union countries continued.
The greatest improvement was recorded on the bottom line. Net income after taxes increased by 17.2% to 636 thousand euros, compared to 543 thousand euros in 2024. Pre-tax profits amounted to 846 thousand euros, while EBITDA reached 1.26 million euros. Meanwhile, the gross margin improved to 31.8% of sales, compared to 28.6% in 2024.
The balance sheet highlights an increase in investments in real estate and equipment. Tangible fixed assets rose to 3.75 million euros from 3.36 million euros in 2024, with a significant increase in the value of real estate. The company maintains its production facilities in the Nea Raidestou Industrial Zone in Thessaloniki.
At the same time, Terkenlis maintains a presence in key commercial locations across the country, with stores on Ermou, Tsimiski, Aristotelous, and Sofouli streets in Thessaloniki, at Mediterranean Cosmos, and in Halandri. As for the proposed dividend, the recommendation is for 1 million euros.