CPI Group returned to profitability in the financial year ended June 30, 2026. The results confirm the benefits of the corporate transformation implemented in the previous financial year, according to an announcement.
The Group reported a 3% increase in revenue for the financial year ended June 30, 2026, to €19.37m from €18.8m in the corresponding period last year. Gross profit rose at four times the pace, increasing 12.5% to €3.79m. The gross margin improved by 1.7 percentage points to 19.6%, thanks to a better sales mix and cost rationalisation.
Earnings before tax, financial and investment results, and depreciation (EBITDA) increased several-fold to €869,000, from €118,000 in the previous financial year. The improvement was due to higher gross profit and the absence this year of the staff reorganisation costs that weighed on the previous year's results.
Profit before tax came to €224,000, compared with a loss of €610,000, while net profit after tax was €192,000, compared with a loss of €459,000 in the previous financial year. The Group's equity rose by 6.9% to €2.77m.
Commenting on the results, CPI Chief Executive Aris Papathanos said: «Last year, we committed to returning the company to profitability within the financial year through its transformation, and this year's results confirm that. With only a modest increase in sales, we increased EBITDA several-fold and moved from losses to profits. This shows that the improvement is structural and stems from the way we now operate. We are not stopping here: we will continue to improve our organisation, develop new partnerships, such as the recent expansion of our partnership with AXIS Communications in Cyprus, and offer new services. IP Surveillance & Video Analytics solutions and services such as Device as a Service (DaaS) are growing rapidly, and we believe they will become key pillars of our growth in the coming years».