Strengthening its capital structure is being considered by EYDAP as it proceeds with accelerating its investment project.According to comments by the CEO of EYDAP, Haris Sachinis, in a conference call yesterday on the occasion of the presentation of the company’s financial results for the first half, EYDAP’s annual investments will be strengthened to €200 - 250 million so that the company can meet its new enhanced role.
In the first half of 2026, investments amounted to approximately €43 million, Mr. Sachinis said, stressing that 6 years ago the corresponding figure did not exceed €10-15 million.
It is also noted that the company’s total investment program was increased to €2.8 billion from €2.5 billion.
The additional €300 million concerns the new upgrade plans for the Psyttaleia Wastewater Treatment Center (KELPS), while the timetable extends beyond 2035.
“As regards our sources of financing, we are utilizing own funds, as well as approximately €1 billion from European grants. At the same time, we have a credit line of approximately €250 million from the European Investment Bank, which we have not yet activated,” he added.
Expansion plans
Regarding the expansion of EYDAP into 43 new areas and the absorption of the water supply entities, the plans are moving forward, while the relevant planning has already been broadened with the addition of 19 more areas, as Euro2day.gr wrote.
“We are in the process of selecting an accounting firm, which will help us assess the assets associated with the upcoming mergers. For this reason, we have not yet completed our analysis of the optimal capital structure” the CEO explained.
It is emphasized that with the expansion of EYDAP into the new areas, its customer base is estimated to increase by 20%.
Within the framework of the reform, EYDAP is also being assigned, for the first time, responsibility for irrigation in the areas, in order to ensure integrated water management and achieve economies of scale that will be beneficial for all users.
EYDAP’s turnover for the first half increased by 17.3%, EBITDA amounted to €42.6 million and the company returned to profitability, while also recording positive operating cash flows.