In less than a year, two transactions gave a measure of the value that Skroutz has acquired.
In July 2025, the company paid 20 million euros to repurchase the 5% held by Southbridge, a price that corresponded at the time to a valuation of the entire company at 400 million euros.
A few months later, in May 2026, the deal for the acquisition of the majority stake by Blackstone raised the bar, with the total value of the business placed, according to Reuters, at 635 million euros, including debt.
The two figures are not comparable. The 400 million euros arise from the price paid by Skroutz for Southbridge's 5% and reflect the implied value of its shares, while the 635 million euros for the transaction with Blackstone also include borrowing. However, these two figures reflect how the company's valuation has evolved in less than a year, while the 2025 results partly explain this valuation.
Last year consolidated sales increased 20% to 157.2 million euros, while at parent-company level, turnover amounted to 153.5 million euros from 128.2 million euros.
Operating profitability moved even faster. Consolidated operating results strengthened by 43%, to 11.43 million euros, pre-tax profits increased to 8.81 million euros and the group's net profits reached 5.83 million euros, compared with 5.08 million euros in 2024.
At the end of 2025 the group's total debt obligations amounted to approximately 63.5 million euros, compared with 38.7 million euros at the end of 2024. Long-term liabilities stood at 27.22 million euros, from 25.63 million euros, while short-term liabilities increased to 36.25 million euros, from 13.09 million euros.
The Skroutz entering the Blackstone era is different from the company that started as a price comparison engine. In recent years it has expanded its model into payments, storage and fulfilment and into last-mile delivery, which recently suffered a cyberattack.
This vertical integration also requires investments. SLM Technologies, a subsidiary in the logistics sector, had raised by the end of 2025 6.63 million euros through financing from the Greek State with resources from the Recovery Fund and a systemic bank. The financing is part of a 9 million euro investment plan for expansion and modernization of capacity, new mechanical equipment and automation of processes.
Last year the group established in Cyprus Skroutz Delivery Services Limited, as a 100% subsidiary of Skroutz Distribution Services.