Space Hellas is focusing on new technology projects in defense, artificial intelligence, and cybersecurity.
According to the Executive Chairman of the Space Hellas Group, Spyros D. Manolopoulos, “the IT and telecommunications market in 2026–2027, following the completion of funding from the Recovery and Resilience Facility, is expected to be supported by a new cycle of European funding aimed at financing research and development in European technologies, with a particular emphasis on artificial intelligence, cybersecurity, and defense.”
He added that “Space Hellas is implementing major projects related to the country’s critical infrastructure, with execution timelines extending beyond 2026, leveraging synergies with other group companies such as SingularLogic, Mobics, Web-IQ, and AgroApps. The integration of SenseOne into the R&D and Applications Division of Space Hellas in 2026 creates new momentum for the development and promotion of integrated IoT solutions, utilizing emerging technologies such as edge computing, telematics, and the integration of artificial intelligence tools.”
2025 Performance Review
In 2025, the company reported a significant increase in profitability despite a marginal decline in revenue and stable EBITDA year-on-year. Consolidated turnover for the listed company amounted to 152.9 million euros, compared to 155.2 million in 2024, marking a slight decrease of 1.5%. According to the company, the notable increase in profits reflects the achievement of its target to maintain operating profitability (EBITDA) while reducing debt and, consequently, financial expenses.
Group borrowings decreased by 11% to 73.3 million euros, while company-level debt declined by 10% to 66.6 million. For the parent company, revenue fell to 125.8 million in 2025 from 134.2 million in 2024, while EBITDA remained broadly stable at 13.6 million in 2025 compared to 13.7 million the previous year.
Pre-tax profits for the parent company rose to 3.9 million euros in 2025, up from 3.0 million in 2024, while net profits after tax reached 3.2 million, compared to 2.7 million in 2024, representing increases of 28.6% and 17%, respectively. Operating cash flows were positive at 11.1 million euros and were primarily used to reduce debt, as reflected in negative cash flows from financing activities of 12.8 million euros. Investing activities recorded negative cash flows of 9.3 million euros.
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