The progress of the large urban development in The Ellinikon continued to determine the financial figures of Lamda Development in 2025.
The Group’s consolidated sales amounted to 567 million euros in 2025, down 15% compared to 2024 (665 million), mainly due to lower revenues from land sales.
Operating profit EBITDA reached 82 million euros, down 52% compared to 171 million euros in the previous year.
Net profits after taxes and minority interests amounted to 91 million, up 96% compared to 46 million in 2024.
According to its financial position data, Lamda recorded an increase in liquidity and a further expansion of the investment portfolio, while the financing of The Ellinikon was accompanied by an increase in borrowing and liabilities.
Cash and cash equivalents stood at 803.9 million at the end of 2025, compared to 678.9 million. After deducting restricted amounts, free cash and cash equivalents stood at 750.4 million euros, up from 642.2 million a year earlier.
The investment portfolio increased to 3.589 billion from 3.291 billion, while the total investment portfolio increased to 3.787 billion from 3.481 billion. As a result of the investment expansion, total assets stood at 5.016 billion from 4.435 billion and equity increased to 1.319 billion from 1.246 billion.
Total debt rose to 2.066 billion euros from 1.754 billion, while adjusted total debt increased to 2.749 billion, compared to 2.432 billion euros. Total liabilities amounted to 3.697 billion, from 3.189 billion euros.
Adjusted net total debt to total investment portfolio amounted to 51.4%, compared to 50.4% in 2024, while the gearing ratio amounted to 61%, from 58.5%.
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