Mar 5 β€’ 08:48 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Lamda on track for strong profitability

The financial figures for Lamda Development in 2025 show a decline in sales but significant growth in net profits, reflecting the ongoing progress of The Ellinikon urban development project.

In 2025, Lamda Development's financial results were largely influenced by the continued progress of the extensive urban project at The Ellinikon. The company reported consolidated sales of 567 million euros, marking a decline of 15% from 2024, primarily due to reduced revenues from land sales within their development portfolio. This decrease is indicative of the challenges faced in sales, even as the company advances its significant projects.

Operating profit, measured by EBITDA, also saw a substantial decrease of 52%, falling to 82 million euros from 171 million euros the previous year. Conversely, net profits after taxes and minority interests exhibited notable growth, reaching 91 million eurosβ€”an impressive increase of 96% compared to the 46 million reported in 2024. The divergence between operational profits and net profits reflects a strategic shift in financial management and investment focuses amidst the ongoing developments at The Ellinikon.

Additionally, Lamda Development has shown a strengthened financial position with increased liquidity and a broadened investment portfolio. The financing activities for The Ellinikon led to heightened borrowing and liabilities; however, the company's cash reserves improved, with cash and cash equivalents totaling 803.9 million euros by the end of 2025, up from 678.9 million the previous year. After considering restricted funds, the free cash stood at 750.4 million euros, signifying a solid foundation that may facilitate further investments and support the company’s strategic growth objectives.

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