With a quorum of just over 53%, the Annual General Meeting of shareholders of E. Paires S.A. was held at the company’s offices in Aspropyrgos.
All items on the agenda were approved at the General Meeting, including the annual corporate and consolidated financial statements for fiscal year 2025, the reports of the Board of Directors and the Certified Public Accountant, as well as the corporate governance statement.
No Dividend for Fiscal Year 2025
One of the key items approved was the decision not to distribute 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 meeting also approved the Board of Directors’ overall management for fiscal year 2025, as well as the discharge of the certified public accountants from any liability for damages arising from the mandatory audit of that 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 preliminary approval of the corresponding fees for the 2026 fiscal year.
Grant Thornton was appointed to conduct the regular and tax audits for the 2026 fiscal year. Other items on the meeting’s agenda included the Audit Committee’s report on its activities, the compensation report for fiscal year 2025, and the report by the independent non-executive members of the Board of Directors.
Financial Results
On the financial front, the Païris Group reported an 8.31% decline in revenue in 2025, to 11.201 million euros, from 12.215 million euros in 2024.
Gross profit stood at 2.331 million euros, compared to 2.547 million euros in the previous fiscal year, down 8.5%, following the trend in sales and affected by increased costs of raw materials and energy.
Despite the decline in revenue and gross profit, net profitability improved. Earnings before taxes amounted to 588,188 thousand euros, compared to 461,561 thousand euros in 2024, an increase of approximately 27%. Net income after taxes came in at 428,766 thousand euros, up from 346,597 thousand euros, marking an increase of approximately 24%.
The improvement in net income is linked to lower financing costs, due to falling interest rates and reduced borrowing. Finally, EBITDA amounted to 1.599 million euros, compared to 1.685 million euros in 2024, a decrease of approximately 5%.