Artificial Intelligence is emerging as a key growth driver for Qualco, according to the presentation given by the group’s management at yesterday’s Annual General Meeting of Shareholders, while the company continues to strengthen its international presence.
The group’s chairman, Orestis Tsakalotos, described the first half of 2026 as a period of disciplined execution and targeted expansion across the entire group. He noted that despite market turbulence and geopolitical upheavals on a global scale, the group is reaffirming its annual forecasts—its guidance—for revenue and profitability for the 2026 fiscal year.
It should be noted that management has communicated mid-term guidance for revenue growth of approximately 13–17% (mid-teens) and adjusted EBITDA of approximately 20%.
Specifically, the Qualco Group’s revenue in 2025 stood at 216 million euros, marking a 17% increase year-over-year.
At the same time, according to the group’s announcement, adjusted EBITDA for fiscal year 2025 stood at €43 million and increased by 12% year-over-year, confirming the organization’s confidence in maintaining strong profitability, in line with the IPO’s medium-term guidance for an EBITDA margin of approximately 20% within two years of the IPO. Furthermore, the group estimates that, as a result of adopting TN, its operational efficiency will accelerate earnings growth and widen profit margins.
Adjusted Net Income for fiscal year 2025, excluding stock awards and one-time expenses incurred in 2025, amounted to €17 million, up 6% year-over-year, demonstrating resilience and management’s focus on delivering long-term returns to shareholders, in line with the strategic growth vision.
New markets, new customers, and expansion into Asia
During the Annual General Meeting, Mr. Tsakalotos emphasized that the group continues to expand into new markets, new products, and new platforms, further strengthening our position with leading institutional clients throughout Europe and the Middle East.
“We are investing decisively in the technological foundations that we believe will define the next decade of value creation for the Qualco Group. Our algorithms and deep technology are positioning the group for the era of Artificial Intelligence, where our 25-year competitive advantage becomes even more valuable as AI spreads at such a rapid pace.
For us, Artificial Intelligence is not a future aspiration; it is a present reality grounded in 25 years of proprietary data, tailored job roles, live products already operating in the international market, and institutional partnerships across Europe,” he said.
In turn, Qualco CEO Miltiadis Georgantzis analyzed the latest developments in the group’s software and technology pillar, which, he said, got off to a strong start in 2026, maintaining the commercial momentum it had in 2025.
“In the first half of the year, we managed to secure seven new clients internationally, four of whom are in the Middle East despite the instability in the region. We have begun our expansion into Asia. We have found business partners in both Cambodia and Indonesia, which we consider to be highly promising markets,” he explained.
The Group’s Next Focus: Artificial Intelligence
However, Mr. Georgantzis noted that the most significant development is the group’s progress in the field of Artificial Intelligence. As he said, the company has already launched the ML Studio platform, which helps organizations process data and perform machine learning-based analyses with exceptional speed and productivity.
He also revealed that in the second quarter, they will launch Agentic AI Studio, a similar platform that allows our customers to automatically create AI agents and integrate digital assistants into their production process.
Furthermore, as he noted, the company launched the new Agenly requirements management platform, which leverages artificial intelligence. It is currently available on a pilot basis to a limited group of users, while its commercial release is expected to begin in September.
At the same time, Mr. Georgantzis revealed that approximately 50% of the group’s software development teams have already adopted AI practices, and this percentage is expected to reach 90% by the end of the year.
The group’s management then presented developments regarding Quento, which is the group’s new division in the ICT services sector. As Quento’s CEO, Nikos Psimogiannis, noted, during its first year of operation, the company recorded strong growth, established an international presence, and significantly expanded the group’s technological capabilities.
At the same time, it was already profitable from its first year of operation, achieving an EBITDA margin of nearly 20%, significantly higher than the market average. Furthermore, during the first half of 2026, it secured new contracts worth over 30 million euros, which, combined with its 2025 performance, confirm its dynamic growth trajectory.
Referring to the key milestones of the first year, Mr. Psimogiannis noted that three major acquisitions were completed, a unified business model was established with a presence in Greece, Belgium, Luxembourg, and Romania, while the company is implementing projects in a total of 11 European countries. At the same time, the group’s capabilities were significantly strengthened in areas including Artificial Intelligence, data, and cybersecurity.
Dynamic growth in receivables management and portfolios
On the other hand, regarding Qualco Intelligence Finance’s performance, the group’s management highlighted strong results in the first half of 2026 in the areas of international expansion, securitization, and AI-driven digital transformation.
“The progress made in the first half of 2026 confirms Qualco Intelligence Finance’s trajectory toward a comprehensive ecosystem for receivables management and securitization. Our broader geographic presence and increasing technological diversification are what matter most to us,” said George Kazos, President and CEO of Qualco Intelligent Finance and Deputy CEO of the Qualco Group.
Finally, regarding the portfolio management sector, Quant’s management stated that during the first half of 2026, total assets under management rose to 21 billion, reinforcing the company’s position as the leading independent asset manager in the Greek market. At the same time, it noted that four new retail portfolios, totaling 3.35 billion, were added during the same period.
“We are in an excellent market position to achieve the 2026 results to which we are committed, and I believe the most important factor is the progress we are making with artificial intelligence, which is a key driver of growth.
Its integration into the operations of all group companies—something we are actively pursuing—will yield significant results for the company’s profitability starting in 2027. “I believe we will exceed even the expectations we had set for ourselves,” concluded Mr. Georgantzis.