Commentary on Annual Financial Statements for Financial Year 2024
Press Release
Commentary on Annual Financial Statements for Financial Year 2024
Athens, April 30, 2025
ILYDA IT INTEGRATED APPLICATIONS S.A., in accordance with its obligations to inform the investing public, announces a summary commentary on the key figures and developments for the fiscal year 2024, pursuant to Article 4 of Law 3556/2007 and Article 25 of the Athens Stock Exchange Regulation.
Key Financial Figures 2024
|
Financial Metric |
2024 (amounts in €) |
2023 (amounts in €) |
Change (%)
|
|
Turnover |
7,118,198 |
4,107,661 |
+73.31% |
|
Gross Profit |
4,970,031 |
2,375,442 |
+109.26% |
|
EBITDA |
5,210,369 |
1,824,857 |
+185.63% |
|
Earnings Before Tax |
4,124,725 |
1,184,636 |
+248.31% |
|
Net Profit After Tax |
3,820,398 |
1,147,424 |
+233.04% |
|
Cash Reserves |
2,632,420 |
2,152,945 |
+22.30% |
|
Loans |
0 |
867,995 |
- |
|
Trade Receivables |
1,812,236 |
1,261,989 |
+43.69% |
|
Other Receivables-Liabilities |
2,079,207 |
-68,970 |
2,010,237 |
|
Equity |
11,656,669 |
7,807,076 |
+49.30% |
Commentary on Financial Performance
The Company achieved spectacular growth across all key financial figures in 2024, with turnover increasing by 73.3% and net profits more than tripling.
This growth is attributed to:
- The successful execution of significant projects in both the public and private sectors.
- The launch of its new activity as a Peppol e-Invoicing Provider.
- The commercial utilization of innovative new solutions in the niche markets in which the Company operates.
- Effective cost management and enhanced productivity.
Key Events of 2024
- Completion of the stock option plan for executives and Board members.
- Reorganization of the Audit Committee and establishment of a new stock option program.
- Listing of new shares on the Athens Stock Exchange through the exercise of stock options and the distribution of free shares.
Outlook for 2025
ILYDA remains committed to its strategy of technological innovation, expansion of its activities, and broadening of its client base.
The Company will focus on:
- The promotion of new software products.
- The optimization of organizational and operational structures.
- The leveraging of European and government support programs.
For more information, please visit the Company’s website: www.ilyda.com