The Galaxias supermarket chain may not have kept pace with the growth recorded by the organized retail sector last year, it did maintain its sales above the 500 million euro mark. However, pressure on profit margins was clearly reflected in the financial results for the fiscal year.Revenue declined marginally by 1.07%, to 508.8 million euros, from 514.3 million euros in 2024. Pre-tax profits fell by 55.9% to 3.49 million euros, while net profits after taxes stood at 2.51 million euros, down from 5.95 million euros a year earlier. Similarly, EBITDA fell to 11.9 million euros, compared to 16.5 million euros in 2024.
Management attributes the decline primarily to higher operating costs—particularly labor costs—following the adjustment of the minimum wage, as well as to ongoing pressure from intense competition in the supermarket sector. Despite these pressures, gross profit rose by 1.7% to 112.6 million euros.
The chain continues to stand out for a characteristic that is rare in the industry: it continues to grow without bank loans, financing its investments with equity capital, made investments exceeding 15 million euros, primarily for new stores, expanding its network to 177 points of sale from 175.
At the same time, management reiterates that the strategic priority for the next three years is the further expansion of the network, the creation of new logistics facilities, and the enhancement of IT systems.
Despite the decline in profits, the board of directors proposes a dividend distribution of 4.01 million euros, or 1 euro per share, utilizing 2 million euros from retained earnings from previous fiscal years.