The consolidated turnover of Space Hellas in the first half of 2026 amounted to € 77.9 million, compared to € 72.0 million in 2025, showing an increase of 8.21%.
Gross profits increased and amounted to € 17.1 million compared to € 16.7 million in the first half of 2025, while EBITDA remained at €9.3 million, the same as in the corresponding period of 2025.
Consolidated profit before tax amounted to € 2.6 million in the first half of 2026 compared to € 2.2 million in the first half of 2025 and profit after tax amounted to € 1.7 million in the first half of 2026, compared to € 1.5 million in the corresponding period of 2025, showing an increase of 13.4%.
For the parent company, turnover closed at € 67.5 million in the first half of 2026, compared to € 56.8 million in 2025, showing an increase of 18.9%, while EBITDA amounted to € 7.3 million compared to € 6.7 million in the same period of 2025, corresponding to an increase of 9.9%.
The profit before tax of the parent company for the first half of 2026 amounted to € 3.2 million compared to € 2.1 million in 2025 and the corresponding results after tax amounted to € 2.8 million compared to € 1.9 million, showing increases of 50% and 44% respectively.
Cash flows from operating activities were negative by € 4.5 million.
During the period under review, and especially in its last two months, significant billings were carried out mainly concerning complex Group projects, which significantly increased receivables and affected operating cash flows.
This picture is expected to reverse in the second half, as the collection of the relevant receivables takes place and operating cash inflows are strengthened.
Cash flows from investing activities amounted to € -3.8 million. and cash flows from financing activities amounted to € 4 million. For the end of the year, the Group's management steadily aims for an increase in both operating profitability and profitability after tax, while simultaneously reducing total borrowing.
The Executive Chairman of the Space Hellas Group, Mr. Spyros Manolopoulos, stated: “The Group's Management continues to focus on the effective implementation of the existing project portfolio, the optimization of productivity, and the expansion of its presence in high value-added sectors, such as cybersecurity, artificial intelligence, telecommunications, digital infrastructure, software applications, defense and security, as well as on leveraging the results of Research and Development activities. The Space Hellas Group has the required know-how, organizational structure, customer base, and financial adequacy to capitalize on the opportunities emerging in the sectors in which it operates and to maintain its strong position.»