Performance Technologies Publishes Its Annual Financial Statements for financial year 2025
Athens, 2 April 2026: For the eighth consecutive year, Performance Technologies achieved record-high financial performance and organic growth, as evidenced by the publication of its annual financial statements for financial year (FY) 2025 and the Board of Directors’ Management Report.
With revenue exceeding 89 million euros and net profit after tax increased by 44% compared to the previous year, the Group continues to strategically focus on the transition to recurring service models (Managed Services/XaaS), the adoption of cloud, data and AI technologies, and the strengthening of cybersecurity solutions.
The key financial figures are summarized as follows:
Group | Company | |||||
| Amounts in thousand euros | 2025 | 2024 | Change | 2025 | 2024 | Change |
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| Revenue | 89,448 | 74,167 | 20,60% | 83,056 | 67,154 | 23,68% |
| Cost of sales | -59,940 | -50,946 | 17,65% | -57,153 | -46,313 | 23,41% |
| Gross profit | 29,508 | 23,221 | 27,08% | 25,903 | 20,841 | 24,29% |
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| EBITDA (adjusted) | 12,774 | 9,317 | 37,11% | 10,676 | 8,251 | 29,40% |
| EBIT | 10,064 | 7,286 | 38,12% | 8,102 | 6,298 | 28,65% |
| Earnings before tax - EBT | 9,649 | 6,946 | 38,91% | 7,749 | 6,047 | 28,14% |
| Earnings after tax - EAT | 7,275 | 5,047 | 44,16% | 5,712 | 4,317 | 32,29% |
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| Current assets | 66,039 | 53,332 | 23,83% | 60,018 | 48,059 | 24,88% |
| Total assets | 73,252 | 59,048 | 24,06% | 66,956 | 53,697 | 24,69% |
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| Cash and cash equivalents | 17,638 | 14,962 | 17,89% | 14,289 | 12,393 | 15,30% |
| Net debt | -11,584 | -11,500 | 0,73% | -8,235 | -8,972 | -8,21% |
| Total equity | 35,571 | 28,805 | 23,49% | 30,804 | 25,563 | 20,50% |
The most significant changes in the Group’s results for 2025 compared to 2024 are summarized as follows:
- Group revenue for FY 2025 amounted to 89,448 thousand euros, compared to 74,167 thousand euros in the previous year. The 20.6% increase reflects the Group’s business strategy across all areas of activity, both in Greece and internationally, as well as the development of new reliable products with a strong focus on innovation and cutting-edge technology.
- Group adjusted EBITDA reached 12,774 thousand euros, compared to 9,317 thousand euros in the previous year, representing an increase of 37.1%.
- Group net earnings after tax amounted to 7,275 thousand euros, compared to 5,047 thousand euros in the previous year, marking an increase of 44.16%, despite the impact of stock award programs amounting to 1,453 thousand euros.
Other key highlights for 2025 include:
- Further expansion of the customer base and revenue diversification: the number of customers contributing 80% of revenue increased to 24 in 2025 (from 9 in 2021). In 2025, 90 new customers were added, while nearly 30% of customers invoiced in 2025 had not been invoiced in 2024.
- Geographical expansion: revenue from Cyprus reached 3.5 million euros in 2025 (from 1.4 million euros in 2022), confirming the strengthening of the Group’s presence through Performance Technologies (Cyprus) Ltd.
- Strengthening of recurring revenue streams: through Managed Services/XaaS implementations and projects, typically based on multi-year contracts of 36 to 60 months.
- Continued and enhanced activity in the Public Sector: the Company undertook projects of high strategic importance with public sector entities, including the Independent Authority for Public Revenue (IAPR), the Hellenic Police’s Directorate for Combating Special Violent Crimes and the Cyber Crime Division, IDIKA, the implementation of Health Monitoring in consortium with NOVA-ICT, EYDAP, the National Technical University of Athens, the Institute of Robotics of the “Athena” Research Center, among others.
Performance Technologies enters 2026 with strong prospects, prioritizing the expansion of its customer base, the further growth of managed services and XaaS sales, investments in human capital and expertise, and the development of solutions in high-demand areas such as cloud, data & AI, business process automation, observability solutions, and cybersecurity. In addition, the Company aims to expand into new vertical markets, explore acquisition and strategic partnership opportunities (M&A), and further deepen relationships with customers and partners.
We believe that we have a highly skilled workforce that supports our operations and growth prospects and contributes to the continued strengthening of our profitability. Our goal is to establish ourselves as a trusted partner of choice for businesses in their digital transformation journey, offering comprehensive solutions, including in information security. Investments in people, technology, and services are expected to further enhance our competitiveness, enabling effective growth management and the maintenance of healthy and sustainable profitability.
We would like to thank our shareholders for their trust and continued support and express our confidence in the continuation of the positive trajectory of recent years.
Detailed FY 2025 financial statements are available in Greek here, while the English version will be published in the coming days.