Increase in Revenue and Profitability of the “EUROCONSULTANTS S.A.” Group While Maintaining an Exceptionally High EBITDA Margin. Impressive Growth in Backlog and Proposal for a Gross Dividend Distribution of €0.04 per Share to Shareholders for Fiscal Year 2024.

In more detail:

- The turnover of the “EUROCONSULTANTS S.A.” Group in 2024 amounted to €5.66 million, compared to €5.07 million in the corresponding period last year, marking an increase of 11.64%. At the Company level, turnover for 2024 reached €5.58 million compared to €4.75 million in the same period last year, up by 17.47%.

- The gross profit of the “EUROCONSULTANTS S.A.” Group for 2024 reached €2.578 million, compared to €2.308 million for the corresponding period last year, an increase of 11.70%. Over the same period, the Company’s gross profit for 2024 amounted to €2.493 million, compared to €2.190 million last year, up by 13.84%.

- The Group’s profit before tax for 2024 amounted to €2.596 million, compared to €2.455 million in the previous year, an increase of 5.74%. The Company’s profit before tax for 2024 stood at €2.558 million, compared to €2.284 million in the previous year, up by 12.00%.

- The Group’s profit after tax for 2024 was €2.040 million, compared to €2.093 million in the same period last year. During the same period, the Company reported after-tax profits of €2.002 million for 2024, compared to €1.921 million in the previous year.

- Total liabilities (long-term, short-term, and lease obligations) of the Group decreased by €169 thousand, amounting to €875 thousand compared to €1.044 million as of 31/12/2023. At the same time, the Group’s financial costs for 2024 decreased to €80 thousand from €161 thousand in 2023.

- The Group’s EBITDA amounted to €2.745 million, while the Company’s EBITDA reached €2.666 million, representing a 5.7% increase compared to 2023, remaining at very high levels exceeding 48%.

- Based on current data, the Company’s project backlog stands at €14 million, compared to €3 million as of 31.12.2023. The current backlog is more than double the turnover of 2024, with a project execution horizon extending to the first half of 2027. It is also noted that the Company is actively pursuing new projects, with strong prospects of being awarded additional contracts that significantly exceed the current backlog.

- Regarding the development strategy for continued organic growth, the Company continues to enhance its technological and innovation footprint and diversify its service portfolio. It aims to secure projects in the fields of Health, Cybersecurity, Defense and Civil Protection, and SME support, while simultaneously strengthening its presence in energy efficiency projects and strategic planning and transformation services for institutions and businesses.

- Finally, it is announced that in accordance with the decisions of the Annual General Meeting held on 9.6.2023 and the terms of the published Stock Option Plan, approved by the Board of Directors on 27.9.2023, the Board has today decided to allocate 250,000 stock options under the program's second year and grant the related certificates to the beneficiaries.

Commenting on the Group’s performance, Mr. Paris Kokorotsikos, Chairman and CEO of the Company, stated:

“The positive results of 2024 validate both the trust of our Shareholders and the efforts of the Management and employees of “EUROCONSULTANTS S.A.”. These results stem from the commencement of new projects undertaken by the Company and indicate the trend for the coming periods, clearly demonstrating that the Company’s growth is taking on a more permanent character, shaping a continued and upgraded development momentum. Beyond maintaining the Group’s positive momentum and impressively high EBITDA margin, high cash reserves, and reduced financial costs, it is particularly important that the efforts of the Management and employees have yielded the tangible result of a significant increase in new signed contracts compared to 31.12.2023. This performance, which is expected to improve further in the near future, provides the assurance for the continuation and further expansion of the Group’s upward cycle in the years to come. Therefore—despite the already impressive growth figures—the Group has effectively 'locked in' a very high estimated EBITDA margin for the period 2025–2026, without yet factoring in the impact of new projects that will be secured. In addition to the increase in organic profitability from ongoing operations, a strategic priority for Management is to enhance the sources of operating profitability through the transformation and diversification of the Group’s activities, with a strong emphasis—based on the Group’s already significant specialization and know-how—on further deepening and expanding in the field of high value-added services in innovation and technology. The Company’s Management remains committed to implementing its strategic plan to maximize shareholder value”.

For any further information, please contact: IRDepartment@euroconsultants.com.gr