PRESS RELEASE: Performance Technologies published the interim financial statements for the first half of 2025 (Correct Repetition)
Athens, 15.09.2025: Performance Technologies has published the interim financial statements for the first half of 2025 along with the Board of Directors’ Management Report, marking the eighth consecutive year of growth.
The positive results reflect the management’s decisions to invest in highly skilled human capital and in the continuous development of innovative competencies in dynamically evolving cutting-edge technologies. At the same time, they reinforce the Group’s reliable position in the market, enabling it to increase its share of wallet among existing clients and pursue new growth opportunities.
In more detail, changes in the key financial figures are presented below:
As indicated by the results of the first half of 2025 and the capital structure, the Group continues to respond both to the needs arising from the digital transformation of the economy and the investments being made in modern IT projects, as well as to the projects it is competing for and expected to commence in the near future.
- Key projects undertaken by the Group in the first half of 2025 include (indicatively): Supply of the Central High-Performance Computing Infrastructure for the National Technical University of Athens, Digital transformation of the Athens Water Supply and Sewerage Company (“EYDAP”) in cooperation with HPE via the HPE GreenLake platform, Implementation for Hellenic Telecommunications Organization S.A. (“OTE”) of an innovative Private Cloud infrastructure based on the HPE GreenLake platform, Health Monitoring for the e-Government Center for Social Security Services (“IDIKA”), Cryptocurrency Investigation System for the Hellenic Police, Nine additional large managed services contracts with major clients, totaling 6.5 million euros.
- The upward trend of the Public Sector division continued in the first half of 2025, with a project backlog amounting to 6.3 million euros and the outlook to reach 11.5 million euros in the near future. Of particular importance is the successful completion of the European project TRACY, which received commendations from the European Commission, as well as participation in the NEXUS project for transportation security.
- The Group increased its workforce by 56 employees, employing 22% more staff compared to the same period of the previous year. Hiring mainly focused on strengthening teams engaged in cloud computing, IT service management, big data analytics and observability services, digitalization of business workflows, and cybersecurity - with a key milestone being the creation of a new Business Unit for Enterprise Content Management Solutions.
- Candidate selection, especially of young professionals, is facilitated by initiatives undertaken by the Company, such as organizing training programs for young scientists and IT engineers (“Performance Academies”), and by maintaining strong ties with universities.
The outlook for the nine months of 2025 already shows a significant increase in revenues and gross profits compared to the same period in 2024, and we expect further growth for the remainder of the year.
We believe we possess an excellent level of human capital that supports our operations and growth prospects, leading to increasing levels of profitability. We aim to establish ourselves as the most trusted partner for businesses and their first choice for digital transformation and information security.
Our future growth is based both on organic strengthening - through significant investments in new departments, such as the Enterprise Content Management Solutions Division, and the further reinforcement of existing ones, such as the Business Solutions units and the Enterprise Infrastructure & Security Monitoring Center - as well as on potential mergers and acquisitions.
We thank our shareholders for their trust and support and fully expect to continue the positive momentum of recent years.