The supermarket chain Galaxias may not have followed the rise recorded by organized retail last year, but it maintained its sales above the 500 million euro milestone. However, the pressure on profit margins was clearly reflected in the year's results.Turnover declined marginally by 1.07%, to 508.8 million euros, from 514.3 million euros in 2024. Pre-tax profits fell by 55.9%, to 3.49 million euros, while net profits after tax amounted to 2.51 million euros, from 5.95 million euros a year earlier. Accordingly, EBITDA was reduced to 11.9 million euros, compared with 16.5 million euros in 2024.
Management attributes the deterioration mainly to the increase in operating costs and especially labor costs, following the adjustment of the minimum wage, as well as to the continuing pressure exerted by intense competition in the supermarket sector. Despite the pressures, gross profit increased by 1.7%, to 112.6 million euros.
The chain, which continues to stand out for a characteristic that is rare in the sector, namely that it continues to grow without bank borrowing, financing its investments from its own funds, made investments of more than 15 million euros, mainly for new stores, increasing its network to 177 points of sale, from 175.
At the same time, management reiterates that a strategic priority for the next three years is the further development of the network, the creation of new logistics facilities and the strengthening of computerization.
Despite the reduction in profits, the board of directors proposes the distribution of a dividend of 4.01 million euros or 1 euro per share, also making use of 2 million euros from retained earnings of previous years.