Significant 44% Increase in Parent Company Profitability

Space Hellas' consolidated turnover for the first half of 2026 reached €77.9 million, compared to €72.0 million in H1 2025, representing an increase of 8.21%. Gross profit rose to €17.1 million from €16.7 million in the first half of 2025, while EBITDA was maintained at €9.3 million, matching the performance of the corresponding period in 2025.

Consolidated earnings before tax reached €2.6 million in the first half of 2026 compared to €2.2 million in H1 2025, while profit after tax stood at €1.7 million in H1 2026 versus €1.5 million in the corresponding period of 2025, representing an increase of 13.4%.

For the parent company, turnover closed at €67.5 million in the first half of 2026, compared to €56.8 million in 2025, representing an 18.9% increase. Meanwhile, EBITDA reached €7.3 million compared to €6.7 million in the same period of 2025, reflecting a 9.9% rise.

The parent company's pre-tax profit for the first half of 2026 reached €3.2 million compared to €2.1 million in 2025, while earnings after tax stood at €2.8 million versus €1.9 million, representing an increase of 50% and 44% respectively.

Cash flows from operating activities were negative at -€4.5 million. During the period under review, and particularly during its final two months, significant billings were executed primarily relating to complex Group projects; this substantially increased receivables and impacted operating cash flows. This trend is expected to reverse during the second half of the year as collections on these receivables are realized, boosting operating cash inflows. Cash flows from investing activities stood at -€3.8 million, while cash flows from financing activities totaled €4.0 million.

For the year-end, Group management steadily targets growth in both operating profitability and net profit after tax, alongside a concurrent reduction in total debt.

Mr. Spyros Manolopoulos, Executive Chairman of Space Hellas Group, stated: “Group Management remains focused on the effective execution of our current project portfolio, optimizing productivity, and expanding our footprint in high value-added sectors—such as cybersecurity, artificial intelligence, telecommunications, digital infrastructure, software applications, defense, and security—as well as commercializing the outputs of our Research and Development activities. Space Hellas Group possesses the necessary expertise, organizational structure, client base, and financial strength to capitalize on emerging opportunities across its operational markets and preserve its market-leading position.”

About Space Hellas:
Space Hellas is a leading Digital Integrator and value-added Service Provider with an international presence in ICT & Security. Operating in the high-tech sector since 1985, Space Hellas drives digital transformation for modern enterprises and organizations. www.space.gr