The Mart is focusing on strengthening its infrastructure and supply chain, aiming to create the conditions for a larger share in the Greek wholesale market. Central to its plan is the new distribution center in Tavros, while investments for this year are expected to reach 25 million euros, up from 14 million euros last year.
The new logistics complex was developed on a 25.3-acre plot and features facilities of 21,000 sq.m., of which 7,000 sq.m. are dedicated to maintenance and freezing areas. Its construction was completed in the summer, with operations set to begin in the first months of 2027.
This investment activity follows a year in which The Mart increased its sales, albeit modestly. According to the management report for 2025, turnover reached 450.44 million euros, marking a 1.3% increase. Gross profit rose to 92.62 million euros from 88.05 million euros, with the gross margin improving to 20.56% from 19.79%.
This improvement, however, was not reflected to the same extent on the bottom line. Pre-tax profits fell to 8 million euros from 8.25 million euros and net profits to 6.14 million euros, compared to 6.20 million euros in 2024. In contrast, EBITDA increased to 21.1 million euros from 20.76 million euros. Management attributes the slight decrease in pre-tax profits to increased depreciation, while also noting the burden from higher payroll costs.
Alongside investments in storage infrastructure, the company continues to expand its network. In September 2025, the new store in Kalamata began operations, bringing the total number of stores to 14, with a total area exceeding 100,000 sq.m. During the same period, the renewal of refrigeration facilities was completed, while the installation of photovoltaic systems continued, aiming to reduce energy costs.
This growth is also accompanied by increased financing needs. At the end of 2025, The Mart's total assets had reached 273.48 million euros, up from 250.02 million euros, while equity increased to 47.03 million euros. Bond loans, together with their short-term portion, amounted to 107.5 million euros in book value. During 2025, the company signed two new bond financings totaling 60 million euros, from which it had drawn 22.6 million euros by the end of 2025. At the same time, it utilized existing loan agreements, including financings with the participation of the Recovery Fund.
Of particular interest, however, is management's estimate for this year. Despite the expected increase in sales and market share, The Mart forecasts a decline in profitability, mainly due to enhanced benefits for employees.
At the end of 2025, its staff numbered 1,790 people, up from 1,703 in 2024, while total expenditure on salaries and employer contributions approached 40 million euros. The company notes that it maintains a remuneration policy higher than the statutory minimum levels for new hires, with increases linked to inflation.