Maintaining the high performance recorded in 2024, the “Electra Hotels S.A.” group completed the 2025 fiscal year, strengthening its turnover and maintaining strong operating profitability.
The group, which has a portfolio of five hotels in Athens, Thessaloniki and Rhodes, posted consolidated turnover of 73.3 million euros in 2025, compared to 71 million euros in 2024, recording an increase of 3.3%. The increase came mainly from room revenues, which amounted to 53.07 million euros, compared to 51.20 million euros the previous year.
Pre-tax profits amounted to 18.1 million euros, while net profits after taxes reached 14.07 million euros, compared to 18.68 million euros in 2024. At the level of operating profitability, EBITDA amounted to 23.5 million euros, forming an EBITDA margin of approximately 32% of the group’s revenues.
According to the management report, the course of 2025 reflects the maintenance of the high returns achieved in the previous fiscal year, which had been a landmark year for tourist traffic, particularly in Athens. The increased demand for the Greek destination contributed to maintaining high occupancy rates for a longer period of time and to improving the average room rate.
During the 2025 fiscal year, the group proceeded with significant investments, amounting to around 10 million euros. As stated in the financial statements, the increase in non-current assets is mainly linked to the fiscal year’s investments, which largely concerned the renovation of the Electra Rhythm hotel in Athens.
At the balance sheet level, the group’s total assets amounted on 31 December 2025 to 85.3 million euros, compared to 81.85 million euros in 2024, marking an increase of 4.21%. Equity amounted to 51.28 million euros, increased by 4.57% compared to the previous fiscal year.
The group’s financial position remained strong, as cash and cash equivalents at the end of the fiscal year amounted to approximately 22 million euros. Long-term liabilities amounted to 19.05 million euros, while the company notes that their change is linked to loan obligations.
Management points out that the city hotels in Athens and Thessaloniki showed particularly positive results during the fiscal year, while overall demand for Greece continued to support the hotel sector.
At group level, no specific forecast is disclosed for the financial figures of 2026. However, for Electra Palace Rhodes, management forecasts revenues of approximately 13.3 million euros, increased by 6% compared to 2025, based on the pace of bookings and contracts with tour operators.
Especially for the hotel in Rhodes, which operates seasonally, management states that despite the fact that since the end of February 2026, when the war in the Middle East began, travelers have been more cautious regarding the planning of their travel plans, the booking pace for the Rhodes hotel has not been affected at all and cancellations of bookings from specific destinations are very few. It also states that the results of the two-month period April - May 2026 are improved compared to the same period in 2025.
“During the first five months of 2026, revenues have marginally exceeded budget levels, while bookings continue to show greater momentum than in 2025, while at the same time maintaining the average rate at the high levels of the previous year”, it is characteristically noted.
The group’s portfolio includes three hotels in Athens, one in Thessaloniki, where it has another one in the works, and one seasonal operation in Rhodes.
The total capacity approaches 930 rooms, while four of the five hotels belong to the 5-star category and one to the 4-star category. Of the five units, two are owner-operated and the remaining three operate through long-term lease agreements.