The dairy industry KRI-KRI published its financial statements for the first half of 2026, recording strong sales growth and a significant increase in profitability, as a result of the dynamic course of Greek yogurt in international markets and the strengthening of its production activity.
Turnover amounted to €203.90 million compared to €161.90 million in 2025 (up +25.9%).
The key profitability figures are as follows:
• Operating profits (EBITDA) amounted to €42.89 million compared to €26.10 million in 2025.
• Profit before tax amounted to €39.14 million, compared to €23.01 million in 2025.
• Finally, net profits after tax amounted to €36.17 million, compared to €19.45 million in 2025.
It is noted that in the current period the income tax item appears reduced by €5.67 million from the recognition of the right to the benefit of the tax exemption following receipt of investment completion certifications under Law 4399/2016 (2025: €1.43 million).
The yogurt segment continued to be the Company’s main growth driver. Total yogurt sales increased by 35.3% in value and by 28.6% in volume. Strong performance in foreign markets continues, with yogurt exports recording an increase of +46.8% in value. The continuously increasing demand for authentic Greek yogurt in European markets further strengthens the category’s prospects, creating significant growth opportunities for the Company. KRI-KRI is effectively capitalizing on this momentum.
Indicatively, yogurt sales increased by +67% in the United Kingdom and +31% in Italy, which are the main foreign markets. In the Greek market, yogurt sales exceeded €43 million, recording an increase of 9.6%. At the same time, the overall market continued to grow, recording an increase of 11.3% in value and 8.6% in volume [Circana data (formerly IRI), Jan.-Jun. 2026].
The trend of consumers shifting to private label yogurts continues, mainly due to their large price difference compared to branded yogurts. Within such a highly competitive environment, KRI-KRI maintained second place in the Greek yogurt market, with a 12.9% value share from 13.7% in 2025 [Circana data (formerly IRI), by value, Jan.-Jun. 2026], confirming the enduring strength of its brand and consumers’ trust in its products.
In the ice cream segment, KRI-KRI maintained its position in a market that continued to be affected by adverse consumption conditions. The size of the domestic market declined, showing a decrease of -4.3% in volume and -1.5% in value [Circana data (formerly IRI), Jan.-Jun. 2026]. KRI-KRI’s sales followed the market trend, showing a slight decrease of -1.8%. In the remainder of the season, ice cream sales followed a similar course and change compared to the corresponding period of 2025.
Regarding investment activity, the company has prepared and is implementing investment plans aimed at increasing production capacity, as well as the technological upgrading of the yogurt and ice cream factories. In the first half, investments in fixed mechanical equipment and buildings exceeded €8 million. For the whole of fiscal year 2026, total investments of between €26-30 million are expected to be implemented.
For the remainder of the fiscal year, Management estimates that the strong growth momentum in sales will continue. Based on the current picture, total sales are expected to reach €400 million, supported mainly by the continued growth of yogurt exports. However, the disruption caused in international markets by geopolitical developments in the Middle East appears to have greater duration and intensity than initially estimated. This situation has led to increased pressure on the cost of key raw materials, packaging materials, energy and transport, affecting the company’s overall cost base. Under the present conditions, and provided there is no substantial easing of the above pressures during the last quarter of the year, Management considers it likely that operating profits before interest and taxes (EBIT) for the full year will come in slightly lower than the initial target of €60 million, in the region of €57-58 million. Despite these temporary pressures, the company continues to expect another year of strong growth and high profitability.
KRI-KRI’s growth trajectory is directly reflected in the strengthening of employment and the regional economy. During the first half of 2026, the average number of employees amounted to 833, recording an increase of more than 10%. The continuous creation of new jobs, combined with the extensive investment program being implemented by the company, underscores KRI-KRI’s strategy for sustainable growth with a positive economic and social impact.