TREK Development expects 2026 revenue to top €6m

The first half of 2026 was a productive period for TREK Development, both in terms of its operational and development activities, across all three of its business areas: Project Development Services (Advisory), Critical Infrastructures and Technology.New contracts

In Project Development Services, TREK Development signed a significant Framework Agreement to provide technical support and other services to the European Investment Bank (EIB), with the services being provided to the Greek Government and other public-interest bodies. TREK is expected to generate approximately €4.5 million in revenue from the agreement over the next three years.

The company was also awarded an additional implementation contract with the Ministry of Infrastructure to support the development and maturation of construction projects across Greece, with TREK’s share of the fees amounting to approximately €1.5 million over the next 18 months.

At the same time, the listed company is strengthening its position in the construction sector, particularly in the field of Critical Infrastructures, through the award and signing of contracts for energy-saving projects in public buildings, including schools, hospitals, sports facilities and port infrastructure.

Meanwhile, the company is bidding for construction projects worth around €18 million, with potential contract awards expected in 2027.

In the Technology sector, TREK is focusing on securing digital transformation and Smart Cities projects, while also exploring acquisitions of companies operating in the Defence and Civil Protection sectors, including dual-purpose businesses.

TREK is also strengthening its position in the specialised Agri-food consulting sector, primarily in the private sector, through the acquisition of a 51.43% stake in TERRA Advisory, with an additional option to acquire a further 30%.

TERRA Advisory has a significant client portfolio in the sector and specialised expertise in the development, monitoring and financing of projects and services across the primary sector, including the production, distribution, promotion and marketing of agri-food products.

2026 outlook

For the full year 2026, the company’s management forecasts turnover of more than €6 million for TREK’s parent company, representing an increase of approximately 70% compared with 2025, and pre-tax profit of close to €2 million, up around 20% year on year.

At group level, management expects an additional €1 million in turnover and a further €0.3 million in pre-tax profit from the consolidation of its subsidiary TERRA Advisory.

Institutional investors hold a 35% stake in the company’s share capital.

Regarding its H1 2026 results, the listed company’s management noted that, due to the nature of TREK’s business, the period’s revenue was temporarily lower at €1,725,201, compared with €1,903,493 in 2025, while pre-tax profit stood at €618,676.

On August 5, 2026, TREK’s invoicing and collections added a further €916,149 in revenue, while additional pre-tax net profit of €499,000 was added to the results.

As a result, the figures for the period shortly after the end of the first half stood at €2.64 million in turnover, up 38% from 2025, and €1.11 million in pre-tax profit, an increase of 17.5% year on year.

The slight delay in invoicing and payment for the additional work was attributed to bureaucracy in the public sector and the wider public sector.

It should also be noted that during the first half, the company incurred non-recurring expenses related to fees for accountants, consultants and other services associated with its listing on EURONEXT, as well as the partial payment for its first acquisition, TERRA Advisory.

During the same period, TREK also invested in its organic growth by recruiting additional specialised staff and investing in support systems, primarily in the area of specialised construction projects.

Commenting on the H1 financial results, TREK Development Chairman and CEO Dinos Papapolyzos said the company’s strategy remains unchanged and is focused on further developing its operations across its three core business areas.

He also said: “I want to assure our shareholders that we will achieve even higher rates of profitability in 2026. We are not a company that focuses exclusively on the results of each quarter (Q), nor are we a company that will pursue acquisitions at any cost simply to create temporary excitement. In 2026, we will make aggressive but systematic use of our resources, achieving maximum leverage and exceeding expectations even further.”

Προτιμώμενη πηγή στην Google

Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το site στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.