Ellaktor (ELLAKTOR) H1 2025 earnings summary

Executive summary

• H1 2025 results reflect major corporate transactions, including the sale of HELECTOR and the expiration of the Attiki Odos concession contract.

• Revenue dropped 74.3% year-over-year to €49.6m, with only €8.9m from continuing operations.

• Net loss after tax was €29.9m, compared to a €46.8m profit in H1 2024.

• Clear distinction made between continuing and discontinued operations for transparency.

Financial highlights

• EBITDA loss of €13.0m, with continuing operations at a €28.1m loss, versus €99.6m profit in H1 2024.

• Results before tax showed a €25.5m loss, with €32.7m from continuing operations.

• Group cash and cash equivalents (continuing operations) at €262.1m as of 30.06.2025, down from €293.2m at year-end 2024.

• Equity attributable to parent shareholders fell to €425.2m from €757.3m, mainly due to a €296m capital return in March 2025.

• Total loans (excluding leases) dropped to €35.8m from €426.8m at year-end 2024.

Outlook and guidance

• Emphasis on sustainable development, digital innovation, and environmental protection.

• Focus on real estate and hospitality expansion, with new projects and acquisitions underway.