Kolios ended 2025 with sales up 17%, net profit close to €8 million and investment of more than €14 million. Behind the performance of the Kilkis-based dairy company lies another significant development: the gradual easing of long-running legal claims linked to bankrupt AGNO.
Last year, consolidated revenue reached €167.96 million, up from €143.42 million in 2024. Net profit rose to €7.9 million from €5.66 million, while EBITDA came to about €18.5 million.
The company, which says it holds the leading position in Greek exports of PDO feta, continued to invest in its production infrastructure. Payments for tangible and intangible assets reached €14.4 million, compared with €11.24 million in 2024. Meanwhile, the group’s total borrowings rose to €47.1 million from €41.6 million.
The most interesting detail in the notes, however, concerns AGNO. Employees and livestock farmers of the bankrupt subsidiary had brought claims against Kolios, seeking a total of €18.39 million in unpaid wages and amounts owed from transactions with AGNO.
Final rulings dismissing employee claims totalling €15.49 million had been issued. Of the 13 appeals on points of law filed with the Supreme Court, 11 had already been definitively dismissed, while two rulings were still pending when the financial statements were prepared.
There was also a significant development in the livestock farmers’ case. A claim for €2.89 million was linked to criminal proceedings against Nikolaos Kolios, which, according to the financial report, resulted in a final acquittal. On 27 February 2026, the livestock farmers withdrew the statement of claim in that case, which is now deemed never to have been brought.
Kolios also says it intends to recover up to €480,000 paid to AGNO employees under interim first-instance rulings. Rulings have already been issued for the recovery of €89,000 of that amount.
On the corporate front, Kolios says that Kolios Cyprus Dairy Ltd, which has no commercial activity, is in the process of being sold. This follows the acquisition, at the end of 2024, of a 70% stake in NN & Sons GP for €2.14 million. The company is engaged in milk collection and processing, and the trading of agricultural and livestock products.