ELTON Group increased its market shares and served the needs of large industries in all sectors as well as small and medium-sized enterprises, which constitute a clientele of long-standing and excellent cooperation, according to a relevant announcement.
The Group in the first half of 2026 achieved a 5.5% increase in sales, a 35.2% increase in operating profitability (EBITDA) and a 74.4% increase in total profitability (pre-tax)
Financial results and Indicators:
The Company's sales amounted to 47.84 million euros (an increase of 1.6% compared to the first half of 2025) and the Group's to 94.92 million euros (an increase of 5.5% compared to the first half of 2025). The quantities/volumes traded in the first half of 2026 compared to the corresponding period of 2025 showed an increase of 10.3% at Company level and an increase of 8.5% at Group level.
Timely inventory stocking with immediate coverage of customer needs combined with the optimal management of raw material purchases, both from international houses and from European suppliers, resulted in an increase in the gross profit margin during the first half of 2026 for the Company and the Group. More specifically, the gross profit margin amounted to 16.8% for the Company and 17.6% for the Group (14.8% and 15.5% respectively in the first half of 2025).
ELTON Group monitors deviations in administrative and selling operating expenses as a percentage ratio to the sales of each period, while also aiming at the rationalization of expenses and cost synergies, where possible.
The increase in sales, the strengthening of the gross profit margin, the reduction in financial cost as well as the decreasing change in the impact on the Group's results from the application of International Accounting Standard (IAS29) in the Turkish subsidiary, resulted in improved pre-tax results:
At Company level for the first half of 2026 pre-tax results (EBT) amounted to 2.2 million euros (or 4.6% of total sales) compared to the first half of 2025 when they amounted to 1.6 million euros (or 3.4% of total sales) and at Group level pre-tax results (EBT) amounted to 4.0 million euros (or 4.2% of total sales) compared to the first half of 2025 when they amounted to 2.3 million euros (or 2.5% of total sales)
As regards the Statement of Financial Position (Balance Sheet) on 30/06/2026, both the Company and the Group show particularly strengthened working capital, more specifically the Company at 190.05% and the Group at 213.9% (Current assets to short-term liabilities). This ratio shows ELTON's ability to cover its short-term liabilities with current assets.
The Group and the Company during the first half of 2026 proceeded to reduce borrowed capital. On 30/06/2026 the net debt of the Group and the Company (total borrowings minus cash and cash equivalents) amounts to 15.4 million euros and 14.09 million euros versus 16.7 million euros and 15.9 million euros respectively on 31/12/2025.
Investments
In December 2024 the Company acquired 100% of the corporate shares of the company “N.LEKOS CHEMICALS SA”. The company “N.LEKOS CHEMICALS SA” was founded in 2000 and operates successfully in the Greek market of production and distribution of raw materials and chemical raw materials in the food industry sector. Specifically, it produces and markets special blends and food ingredients that constitute raw materials for the dairy, meat and bakery industries. This acquisition will further strengthen the Group's commercial activities both in Greece and abroad in the countries where the Group has a presence. The company's products are complementary to the Group's product range. During 2025 the Group harmonized procedures as well as control and monitoring systems of the acquired subsidiary. Within 2026 the full merger through absorption of the subsidiary by the parent company is expected to be completed.
The goal for the coming years is the expansion of sales of value-added products in the other countries where the Group operates.
In addition, ELTON Group is investing in the full installation of a modern ERP system that will contribute to the modernization of processes and synergies at Group level. Already from 1 January 2024 the new ERP has been installed in a secure Cloud environment at the parent Company and from 1 January 2025 the new ERP has been installed at the Group's largest subsidiary, ELTON Romania. During 2025 the implementation of the new ERP was completed also in the subsidiaries in Serbia and Turkey. Within 2026 the absorption of the subsidiary company “N.LEKOS SA” will be completed and its accounting and financial monitoring will be carried out through the unified ERP system.
In a macroeconomic environment where geopolitical problems due to the war in the Middle East and Ukraine, the energy crisis, and problems in the global supply chain prevail, ELTON Group acts in a coordinated manner and always with due caution in its business moves, relying on the same values but with a modern Management model.
After 45 years of successful course and presence, ELTON Group aims for 2026 to be yet another successful and profitable year.