Increase in sales, but a slight decline in profitability was recorded in 2025 by Palamidis L. Sons of D. Telonis and Co. S.A., known by the trademark Kosmikon, one of the most historic Greek businesses in the production and trade of confectionery products.The company's turnover amounted to 11.73 million euros, increased by 5.5% compared with 11.13 million euros. The increase in sales strengthened the gross result, which amounted to 6.01 million euros from 5.74 million euros in 2024. However, the rise in administrative expenses and especially selling expenses absorbed a large part of the increase, resulting in profit before tax declining to 2.1 million euros from 2.2 million euros, while net profits fell to 1.63 million euros from 1.71 million euros.
Despite the slight decrease in the bottom line, the management proposes the distribution of a dividend amounting to 1,493,970.73 euros from the profits of the year. After the distribution, the remaining retained earnings amount to 7,967.54 euros.
Despite the pressure on results, the company continues to have a strong capital base. Equity amounted to 4.48 million euros, while cash and cash equivalents exceeded 2.23 million euros at the end of 2025. At the same time, the management points out that the company does not maintain bank borrowing.