Palamidis L. Sons D. Teloni & Co. S.A., known by the Kosmikon brand, one of Greece’s oldest companies specializing in the production and sale of confectionery products.The company’s revenue amounted to 11.73 million euros, up 5.5% from 11.13 million euros. The increase in sales boosted gross profit, which rose to 6.01 million euros from 5.74 million euros in 2024. However, the rise in administrative expenses—and particularly in distribution costs—absorbed a large portion of the increase, resulting in pre-tax profits falling to 2.1 million euros from 2.2 million euros, while net profit fell to 1.63 million euros from 1.71 million euros.
Despite the slight decline in net income, management proposes distributing a dividend of 1,493,970.73 euros from the year’s profits. After the distribution, retained earnings will amount to 7,967.54 euros.
Despite the pressure on earnings, the company continues to have a strong capital base. Equity stood at 4.48 million euros, while cash and cash equivalents exceeded 2.23 million euros at the end of 2025. At the same time, management notes that the company has no bank debt.