Maintaining the high performance recorded in 2024, the “Electra Hotels S.A.” group concluded the 2025 fiscal year by increasing its revenue and maintaining strong operating profitability.
The group, which owns a portfolio of five hotels in Athens, Thessaloniki, and Rhodes, reported consolidated revenue of 73.3 million euros in 2025, compared to 71 million euros in 2024, marking a 3.3% increase. The increase was primarily driven by room revenue, which totaled 53.07 million euros, compared to 51.20 million euros the previous year.
Earnings before taxes amounted to 18.1 million euros, while net income after taxes reached 14.07 million euros, compared to 18.68 million euros in 2024. In terms of operating profitability, EBITDA reached 23.5 million euros, resulting in an EBITDA margin of approximately 32% of the group’s revenue.
According to the management report, the performance in 2025 reflects the continuation of the high returns achieved in the previous fiscal year, which was a landmark year for tourism, particularly in Athens. Increased demand for Greece as a destination contributed to maintaining high occupancy rates for a longer period and to an improvement in the average room rate.
During the 2025 fiscal year, the group made significant investments totaling approximately 10 million euros. As noted in the financial statements, the increase in non-current assets is primarily attributable to investments made during the fiscal year, which largely involved the renovation of the Electra Rhythm hotel in Athens.
On the balance sheet, the group’s total assets amounted to 85.3 million euros as of December 31, 2025, compared to 81.85 million euros in 2024, marking an increase of 4.21%. Equity stood at 51.28 million euros, up 4.57% from the previous fiscal year.
The Group’s financial position remained strong, as cash and cash equivalents at the end of the fiscal year amounted to approximately 22 million euros. Long-term liabilities totaled 19.05 million euros, and the company notes that this change is related to its loan obligations.
Management points out that city hotels in Athens and Thessaloniki posted particularly positive results during the fiscal year, while overall demand in Greece continued to support the hotel sector.
At the group level, no specific forecast for the 2026 financial results has been disclosed. However, for the Electra Palace Rhodes, management forecasts revenue of approximately 13.3 million euros, up 6% compared to 2025, based on the booking rate and contracts with travel agents.
Specifically regarding the hotel in Rhodes, which operates seasonally, management reports that despite the fact that the war in the Middle East began in late February 2026 and travelers have become more cautious about planning their trips, the booking rate for the Rhodes hotel has not been affected at all, and cancellations from specific destinations are very few. He also notes that the results for the two-month period of April–May 2026 have improved compared to the same period in 2025.
“During the first five months of 2026, revenue has marginally exceeded budgeted levels, while bookings continue to show stronger momentum than in 2025, while maintaining the average rate at the high levels of the previous year,” the report notes.
The group’s portfolio includes three hotels in Athens, one in Thessaloniki—where another is in the works—and a seasonal hotel in Rhodes.
Total capacity is approximately 930 rooms, with four of the five hotels classified as 5-star and one as 4-star. Of the five properties, two are company-owned, and the remaining three are operated under long-term lease agreements.