In 2025, the Ellaktor Group consistently continued its strategic transformation, completing divestments from capital-intensive activities and significantly strengthening its financial position, as emphasized by CEO Efthymios Bouloutas at Ellaktor’s annual general meeting.
As he noted, the Group currently has a strong capital structure, with no bank debt, limited exposure to external risks, and increased flexibility to capitalize on new opportunities. At the same time, it focuses on real estate development and management, as well as on activities related to hospitality and tourism—sectors in which Greece possesses strong competitive advantages and significant growth prospects.
Key Events of 2025
- Completion of the sale of HELECTOR to Motor Oil in January 2025 for a consideration of €113.8 million,
- 2nd Capital Return to Shareholders: Payment of €296 million to shareholders (€0.85 per share) in March 2025.
- Sale of AKTOR CONCESSIONS: Completion of the transfer of 100% of the company to AKTOR SPECIAL PROJECTS PPP CONCESSIONS SINGLE-MEMBER S.A. The enterprise value was set at €374.3 million, while the final purchase price amounted to €194.6 million.
- Sale of real estate properties in Crete (Gournes) and Attica (Kampas): Agreement with DIMAND for the sale of properties in Attica (Kampas) and Crete (Gournes). Completion of the transfer of a plot of land in Crete (Gournes) for a price of €40.1 million (September 2025)
- Interim dividend for fiscal year 2025: Payment of €174 million to shareholders (€0.50 per share) in December 2025.
Significant operational developments in 2026 as a natural continuation of the Group’s transformation
- Sale of real estate in Attica (Kampas): Completion of the transaction with DIMAND for the properties in Attica (Kampas) for a consideration of €45.8 million (February 2026)
- Acquisition of a leased office building from PRODEA at 15 Vas. Sofias Ave. in central Athens (8,546.88 sq. m.) for €44.0 million (March 2026)
- Grand opening of The Fiction Athens: Launch of a 5-star hotel in one of the most important business and commercial hubs in Marousi (March 2026)
- Completion of the sale, through a competitive bidding process conducted by the Superfund, of the ETHNOS building (Benaki Building) to house the “Athena” Research Center for €19 million
In the area of Sustainable Development in 2025, the Group
- Was included for the second time on the national list of “The 50 Most Sustainable Companies in Greece” for 2025 by the QualityNet Foundation
- Achieved an Overall A Score on the Synesgy platform for the second consecutive year, ranking among companies with top performance in environmental, social, and governance (ESG) issues.
- It reported that 19.9% of its revenue-based activities were aligned with the Taxonomy
- It received a “B” rating from the Carbon Disclosure Project (CDP) for its climate change disclosures for the third consecutive year
- At the same time, the ELLAKTOR Group’s short-term targets for reducing greenhouse gas emissions were validated by the Science Based Targets initiative (SBTi)
Group Financial Results for 2025
- The Group’s revenue in 2025 amounted to €89.2 million, of which €18.6 million came from continuing operations, compared to
- The Group’s EBITDA amounted to a loss of €11.6 million.
- Net income after taxes amounted to €152.1 million (compared to €57.4 million in 2024), including capital gains from completed transactions totaling €187.3 million.
The Group’s strong cash position and capital structure, with:
- Net cash position amounting to €280.5 million
- And total equity at €486 million / €1.40 per share
As the CEO of the listed company emphasized, “the ELLAKTOR Group is entering a new phase of growth, disciplinedly leveraging its available capital and adopting a flexible strategy tailored to current market conditions.
The focus is on real estate, hospitality, and tourism—sectors with strong growth prospects and attractive returns.
Leveraging its experience and expertise, the Group is concentrating on activities with greater resilience and predictability, while projects such as the redevelopment of Alimos Marina and investments in luxury hotels reflect the new strategic direction.
These investments leverage Greece’s competitive advantages as an international tourist destination and focus on products with high added value and stable demand.
With a view to sustainable development, the Group is building a diversified portfolio of activities that strengthens long-term profitability and creates lasting value for the economy, society, its employees, and its shareholders,” emphasized Mr. Bouloutas.