At the highest levels of its history, the economic sizes are formed Avax In the first half of 2025, as the construction company recorded a record record of € 467.5 million, up 61% in the first half of 2025.
The AVAX Group also announced, 74% increased profits and EBITDA greater by 29% compared to 2024.
According to the official announcement of first semester results:
- 62% increase in turnover – stood at EUR 467.5 million, compared to 289.1 million in 2024 and 192.2 million in 2023
- 74% rise to net profits – to EUR 28.5 million in 2025, compared to EUR 16.4 million in 2024
- EBITDA increased by 29% in the first half of 2025, to EUR 70.1 million, compared to EUR 54.2 million in the corresponding period of the previous year
- Unchanged net lending & bank leasing, reduced by 49% by 2020
- Improvement of net lending / eBitda index at 1.96x on 30.06.2025 from 2.25x on 31.12.2024
- Balance of projects of 2.76 billion euros (September 2025)
- Current Business Value Stock Exchange / EBITDA 5.0x
The 1st Semester Economic results reflect the Group’s strategy to continue its growth course. In detail, according to the financial statements for the first half of 2025, the group’s consolidated turnover increased by 61.7%to 467.5 million, compared to EUR 289.1 million last year. EBITDA profits amounted to EUR 70.1 million in the first half of 2025 versus € 54.2 million in 2024.
Net profit after the Group’s tax amounted to € 28.5 million, compared to € 16.4 million in the corresponding period last year.
The Group’s net bank lending remained unchanged, rising to EUR 237.8 million from € 237.5 million in 2024. The leverage (net lending / eBitda) decreased further, reaching 1.96 based on the EBITDA of the last 12 months. The improvement of the index is due to the continued strengthening of EBITDA and the maintenance of net lending to low levels, despite increased turnover.
Attractive stock market valuation
According to EBITDA data and net lending of the group, Avax’s stock has a particularly attractive 5x valuation based on the business value index/EBITDA (EV/EBITDA), compared to similar companies in Greece (average 12x), as well as abroad.
Strong Portfolio of Participation
The Avax Group has a quality portfolio of participation in concessions and PPPs of significant value, valued at 422.4 million at the end of the first half of 2025. The backlog of the signed projects, in the current period, amounts to € 2.76 billion reduced by 2024. The backlog is equal to public and private projects and PPPs, while foreign projects represent 15% of the total.