Ellaktor
Ellaktor (ELLAKTOR) closed at €1.230 on 26/10/2026, +0.00% on the day. Market cap €425.8m, P/E 2.7, dividend yield 4.10% (44.99% with a one-off).
Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €425.8m
- Enterprise valueDec 2025est.
- €193.6m
- Shares outstandingOct 2026
- 346.2m
- Revenue12 months to Jun 2026
- €91.7m
- Employees
- 2,260
- Free floatest.
- 14.1%
- Traded a day, 3-month average
- €202.5k
Valuation
12 months to Jun 2026- P/EFY2025
- 2.7×
- P/B
- 0.97×
- EV/Salesest.
- 2.1×
- EV/EBITDAest.
- 35.9×
- P/FCFFY2025
- —
- Dividend yield
- 45.0%
a holding company's consolidated figures
a holding company's consolidated figures
a holding company's consolidated figures
a holding company's consolidated figures
not meaningful here
a holding company's consolidated figures
Margins
12 months to Jun 2026- Gross
- 21.5%
- EBITDA
- 5.9%
- Operating (EBIT)
- −6.2%
- Pre-tax
- −14.3%
- NetFY2025
- 170.5%
- Free cash flowFY2025
- −43.3%
Net margin = the shareholders' profit ÷ group revenue.
Returns
12 months to Jun 2026- ROEFY2025
- 25.4%
- ROCE
- −1.2%
- ROICest.
- −0.8%
- ROAFY2025
- 24.6%
- ROE, 5-year averageFY2021–25
- 22.5%
- Tax rateFY2024
- 34.6%
Financial health
Dec 2025- Cash
- €176.3m
- Net debt
- −€280.5m
- Net debt ÷ EBITDA
- −51.9×
- Debt ÷ equity
- 19.4%
- Interest coverFY2025
- −3.5×
leases included
Growth
- Revenue, last yearFY2025
- −74.8%
- Revenue, last halfH1 2026
- +28.1%
- EPS, last yearFY2025
- +401.4%
- Revenue, 3 yearsFY2022–25, a year
- −55.9%
- Revenue, 5 yearsFY2020–25, a year
- −36.9%
Dividends
FY2025- Yield, last 12 months
- 45.0%
- Per share
- €0.500
- Payout
- 110.9%
- Covered by free cash flow
- −0.22×
- Years paid, last fiveFY2021–25
- 1
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +16.0%
- 3 years, a year
- +23.9%
- 5 years, a year
- +19.8%
- 10 years, a year
- +11.8%
- Volatility, 1 year
- 34.6%
- Beta to the General Index
- 0.56×
- Deepest fall, 1 year / 5 years
- −23.0% / −33.3%
- 52-week range
- €1.136–€1.902
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
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Valuation
3 companies| Metric | ELLAKTOR | Peer median | Peer range |
|---|---|---|---|
| P/E | 2.7 | — | |
| P/B | 0.97 | 0.68 | 0.48 0.77 |
| P/S | 4.6 | 4.4 | 3.4 8.0 |
| EV/EBITDA | 35.9 | — | |
| Dividend yield | 4.1% | 0.0% | 0.0% 5.6% |
| Payout ratio | 110.9% | 50.0% | 0.0% 100.0% |
| Gross margin | 21.5% | 23.4% | 18.9% 37.0% |
| Operating margin | −6.2% | 4.9% | -22.7% 88.3% |
| Net margin | 170.5% | 19.8% | 18.0% 44.2% |
| ROE | 25.4% | 4.0% | 2.1% 4.3% |
| Revenue growth (last full year) | −74.8% | 6.6% | 5.1% 3,378.3% |
| Net debt | −€280.5m | −€44.7m | -€44.9m €350k |
Peers: Holding companies
Not compared: AKTR (construction)
The company
AI-draftedELLAKTOR is an Athens-listed holding company focused on Alimos Marina, serviced apartments, a hotel and property in Athens. H1 2026 revenue was €11.4m, the group net loss €13.5m, real-estate segment EBITDA €5.1m, and issuer-defined net cash of €252.1m, including liquid assets but excluding leases and the unpaid Chalandri sale receivable. Reggeborgh Invest controls 59.6%.
- A holding company earning mainly from Alimos Marina and Athens property; at 30 June 2026 it had €279.5m of cash and liquid assets against €27.4m of borrowings and €66.9m of lease liabilities.13
- Controlled by Reggeborgh Invest with 59.594%, followed by Atlasinvest with 14.83% and Motor Oil with 10.41%.10,2,8
- No longer a construction company: AKTOR S.A. was sold to INTRAKAT in November 2023.6
- Not a motorway concessionaire: AKTOR CONCESSIONS was sold to the listed AKTOR group in September 2025, and the Attiki Odos concession ended in October 2024.4
- No longer in waste management or Greek renewable power: HELECTOR and Anemos RES were sold to Motor Oil group companies.4,5
- Sep 2026The H1 report showed €11.4m of continuing revenue, group EBITDA −€11.1m, a €13.5m net loss and €454.2m of equity.13
- Jun 2026The AGM approved FY2025 dividends of €191.5m in total and elected a new nine-member board with a term to 2031.1,11
- May 2026Motor Oil sold 11.99% to Reggeborgh over the counter and kept 10.41%; in June Reggeborgh transferred 5.03% over the counter, falling to 59.59%, as Atlasinvest acquired the same number of shares, rising to 14.83%.8,9,10,2
- May 2026Building permits for Alimos Marina were issued, moving the project into pre-construction.13
- Mar 2026Subsidiary Landmark Holdings bought a leased 8,547 sq m office building at 15 Vasilissis Sofias from Prodea for €44.0m of own funds.4
- Sep 2025The sale of AKTOR CONCESSIONS to the AKTOR group closed at an enterprise value of €374.3m and a €189.0m group gain; the Attiki Odos stakes stayed with ELLAKTOR.4
- Building permits for the Alimos Marina redevelopment were issued in May 2026; management still targets a 2026 construction start.13
- The company held 3,587,826 own shares (1.03%) on 7 August 2026, under a buyback programme running to 10 July 2027.12,4
- The Alimos Marina concession runs to 31 December 2060; in 2025 the marina brought in €13.8m of the €18.6m of continuing-operations revenue.7,3
- Capital returns in 2024–2025 totalled €470m, and FY2025 dividends €191.5m.4,1
- FY2025 net profit of €152.1m includes €187.3m of disposal gains; continuing operations had EBITDA of −€46.0m.3
- 1.AGM decisions, 30.06.2026ELLAKTOR S.A. · 30/06/2026official
- 2.Voting-rights notice, Atlasinvest above 10%ELLAKTOR S.A. · 08/06/2026official
- 3.FY2025 results press releaseELLAKTOR S.A. · 17/04/2026official
- 4.Annual Financial Report 2025ELLAKTOR S.A. · 16/04/2026official
- 5.Annual Financial Report 2024ELLAKTOR S.A. · 24/04/2025official
- 6.Annual Financial Report 2023ELLAKTOR S.A. · 17/04/2024official
- 7.Annual Financial Report 2022ELLAKTOR S.A. · 05/04/2023official
- 8.Voting-rights notice, Motor Oil at 10.41%ELLAKTOR S.A. · 18/05/2026official
- 9.Voting-rights notice, Reggeborgh at 64.626%ELLAKTOR S.A. · 18/05/2026official
- 10.Voting-rights notice, Reggeborgh at 59.594%ELLAKTOR S.A. · 08/06/2026official
- 11.Constitution of the new boardELLAKTOR S.A. · 30/06/2026official
- 12.Share buyback 03.08–07.08.2026ELLAKTOR S.A. · 10/08/2026official
- 13.H1 2026 reviewed interim financial reportELLAKTOR S.A. via Euronext Athens · 22/09/2026official