In an environment of increased volatility, with raw material prices and energy costs continuing to create pressures on the food sector, MINERVA maintains its momentum, focusing on improving operational efficiency, strengthening its portfolio, and implementing its investment plan.
As the company states in a relevant update, during the 2025 financial year, the absorption of Mediterranean Foods A.E., was completed, while at the same time the company proceeded with the acquisition of the olive oil and seed oil trademarks Altis, Elanthi, Flora and Sol from Flora Food. These moves reflect MINERVA's strategic choice to further strengthen its footprint in the food sector and expand its portfolio with strong and recognized brands.
In terms of financial figures, MINERVA's turnover amounted in 2025 to 69.26 million euros, recording a decrease of 6.8% compared to the previous fiscal year, affected by the lower prices that prevailed in the olive oil market overall.
Despite the decrease in turnover, the company maintained strong export activity, with sales outside Greece amounting to 9.35 million euros, representing 13.5% of total turnover.
The gross profit margin stood at 21.9%, compared to 22.9% in 2024, while earnings before taxes, interest and depreciation (EBITDA) amounted to 7.62 million euros, compared to 7.71 million euros in the previous fiscal year. Despite the marginal decline in EBITDA in absolute terms, the EBITDA/sales ratio strengthened to 11%, from 10.4% in 2024.
There was a positive development in pre-tax results, which amounted to 1.82 million euros, compared to 1.51 million euros in 2024, recording a significant improvement.
As the company states, strengthening its production base remains at the center of its strategy. MINERVA continues to invest in the modernization of its facilities, aiming to improve production efficiency and reduce energy costs.
MINERVA's factory in Schimatari, Boeotia is the company's main production center in the categories of oils, vinegar, margarine, butter and mayonnaise. As part of the integration of the new activities, the production of the olive oil and seed oil brands acquired during 2025 was also transferred to Schimatari. The concentration of production and the utilization of existing infrastructure are part of the strategy to optimize production costs and achieve greater economies of scale.
The factory in Gastouni is the main production and packaging unit mainly for tomato products, as well as ketchup and mustard. The tomatoes used in the production process are 100% of Greek origin, and come from producers in the prefecture of Ilia. Through multidimensional support to Greek tomato producers, MINERVA contributes to the prosperity of the foundations of the supply chain and the economic development of local communities. Producers receive agricultural supplies, guidance and training in pioneering practices, in order to meet the modern demands of the market.