With a quorum of just over 53%, the Annual General Assembly of the shareholders of E. Pairis S.A. was held at the company's offices in Aspropyrgos.
At the General Assembly, all items on the agenda were approved, including the annual corporate and consolidated financial statements for fiscal year 2025, the reports of the Board of Directors and the Certified Auditor, as well as the corporate governance statement.
Fiscal year 2025 without dividend
One of the main items approved was the non-distribution of a dividend for fiscal year 2025. According to the draft resolutions, the proposal was based on the fact that there are no net profits available for distribution.
The assembly also approved the overall management of the Board of Directors for fiscal year 2025, as well as the release of the certified auditors from any liability for compensation for the statutory audit of the same fiscal year.
At the same time, the fees and compensation paid to the members of the Board of Directors for 2025 were approved, as was the pre-approval of the corresponding remuneration for fiscal year 2026.
For the regular and tax audit of fiscal year 2026, the election of Grant Thornton was approved. The matters of the assembly also included the report on the activities of the Audit Committee, the remuneration report for fiscal year 2025, and the report of the independent non-executive members of the Board of Directors.
The financial results
On the financial side, the Pairis group posted in 2025 a decrease in turnover of 8.31%, to 11.201 million euros, from 12.215 million euros in 2024.
Gross profit amounted to 2.331 million euros, compared with 2.547 million euros in the previous fiscal year, down by 8.5%, following the course of sales and affected by the increased cost of raw materials and energy.
Despite the decrease in turnover and gross profit, final profitability strengthened. Profit before tax amounted to 588.188 thousand euros, compared with 461.561 thousand euros in 2024, up by approximately 27%. Net results after taxes came to 428.766 thousand euros, from 346.597 thousand euros, recording an increase of approximately 24%.
The improvement in the bottom line is linked to the reduction in financial costs, due to the easing of interest rates and the reduction of borrowing. Finally, EBITDA amounted to 1.599 million euros, compared with 1.685 million euros in 2024, down by approximately 5%.