The Cosmos Group has moved into the next phase of development, as it is expected to exceed 100 million euros in turnover for the first time in 2026. At the same time, the Group has proceeded with its relocation to new privately owned facilities in Metamorfosi, while raising the bar even higher with a horizon to 2030.
More specifically, based on the figures presented during the press conference, which took place at the Group’s new offices, consolidated sales amounted to 74.8 million euros in the nine-month period of 2026, increased by 62% compared to the corresponding period of 2025. For the full year, the Group forecasts a sales target of 105 million euros, up from 92 million euros in 2025, EBITDA of 9 million euros and pre-tax profits of 6 million euros.
As noted by the CFO of the Cosmos group, Konstantinos Pantelis, the company currently has the largest backlog since its establishment, amounting to approximately 120 million euros for the next two years, while over a four- to five-year horizon it reaches 160-170 million euros. These figures are also supported by the shift to recurrent business, with services billed on an annual basis for the coming years.
The group’s growth trajectory is also reflected in the expansion of its infrastructure. The new investment, amounting to 5 million euros, in a neighboring building to the headquarters, raises the total area of privately owned offices to 4,600 sq.m. At the same time, the company announced the continuation of its investment plan in the next period, with investments of more than 10 million euros in infrastructure in Greece and Cyprus.
The investment in Artificial Intelligence
As part of the new investment planning, the acquisition of 100% of NovelCosmos AI and its full integration into Cosmos Consulting was also announced. In addition, the Group is planning its further development in the field of Artificial Intelligence, both through Cosmos Consulting’s software products —Talent, Archium and Core AI— and through expansion into AI Data Centers, Cybersecurity and Managed Services.
NovelCosmos AI is evolving into the Group’s specialized AI technology core, under the software arm of Cosmos Consulting, possessing expertise in AI models, semantic technologies, document intelligence and intelligent agents. The goal, in combination with Cosmos Consulting, is the development of integrated enterprise AI solutions, tailored to the real operational needs of customers.
At the same time, the new facilities in Metamorfosi operate as a unified Technology & Services Hub, where Cosmos Consulting, NovelCosmos AI and the NOC are brought together, with the aim of strengthening collaboration between Software, AI, Cybersecurity and Managed Services.
During the press conference, particular emphasis was placed on the Group’s strategy for leveraging the partnership with NVIDIA, of which Cosmos is a Preferred Partner in Greece and Cyprus, as well as on the construction of an AI Data Center in Thessaloniki to support private and enterprise AI environments, using NVIDIA’s vertical technologies.
“We, together with NVIDIA, undertake the design and sale of the AI stack, which includes not only the processors, but also the embedded software and applications,” explained the Chairman and CEO of the Cosmos Group, Dimitris Dafnis (photo).
Among the advantages of the partnership with NVIDIA, Mr. Dafnis included the ability to maintain stable prices, at a time when price increases in technological equipment have overturned budgets and are creating significant pressure on companies participating in tenders.
“NVIDIA can guarantee prices for eight months. Therefore, we have a very good opportunity, both as a country and as a company, so that the systems we will offer in the coming period can keep prices stable, at least for this period,” he stressed.
Growth targets through 2030
For 2027, the Group’s management expects stabilization of financial figures, without significant further increase. “We consider 2027 to be a year of stabilization. The 2026 figures, both in turnover and profitability, will remain at the same levels in 2027 as well, without any very large increase being expected,” noted Mr. Pantelis.
However, as Mr. Pantelis explained, the existing pipeline, combined with the group’s shift into new sectors, recurrent business and services instead of traditional “box moving,” creates the conditions for turnover to remain at high levels in the coming years, based on the figures of 2026 and 2027, and for profitability to be strengthened from 2028 to 2030.
With a horizon to 2030, the Group maintains the target of sales of 126.4 million euros, EBITDA of 13 million euros and pre-tax profits of 8.1 million euros, having, according to Mr. Pantelis, adopted fairly conservative forecasts. Based on the scenario of stabilization of figures in 2027, the plan provides for an average annual growth rate of approximately 6.4% in the period 2028-2030.
Institutional proposals for the ICT market
A separate section was devoted to Cosmos’s institutional proposals for the Information and Communication Technologies (ICT) market. Among other things, the Group proposed the creation of “ICT Diavgeia” for the timely publication of projects, the establishment of an ICT Consultants Registry and an ICT Contractors Registry, more open technical specifications, as well as the certification of Cybersecurity and SOC service providers.
“Cosmos is moving into a new phase of development with a horizon to 2030. We are investing in infrastructure, Artificial Intelligence, Cybersecurity and Managed Services, creating a unified ecosystem that covers the entire life cycle of a technological investment by our customers. At the same time, we believe that the next day of the ICT market needs more strategic planning, institutional safeguarding, transparency, meaningful competition, certification and accountability,” concluded Mr. Dafnis.