Evropi Holdings Societe Anonyme (EVR) H1 2025 earnings summary

Executive summary

• Completed strategic shift into insurance via acquisitions of 100% of three insurance and brokerage companies in H1 2025, marking a new business direction and significant portfolio transformation.

• H1 2025 results reflect both continuing and discontinued operations, with prior year comparatives not fully aligned due to the carve-out of the commercial segment in June 2024.

Financial highlights

• Consolidated revenue reached €10.26m, down 6.57% year-over-year; gross profit at €4.93m, down 10.83%.

• Consolidated EBITDA surged 175% to €3.55m; EBIT at €3.45m versus a €0.26m loss last year.

• Net profit after tax and minority interests rose 61.1% to €2.12m.

• Parent company revenue fell to €3.18m due to the commercial segment carve-out; net profit at €0.18m versus a €0.05m loss last year.

• Cash and equivalents at €12.96m as of June 30, 2025.

Outlook and guidance

• Greek GDP growth forecast at 2.2% for 2025, slightly declining in subsequent years.

• Insurance sector expected to maintain double-digit growth, with the group targeting further organic and inorganic expansion, including entry into Romania.

• Real estate strategy focuses on divesting non-income-producing assets and maximizing rental income from retained properties.