TREK Development S.A. Listing on the Alternative Market (EN.A.) of the Athens Stock Exchange

TREK Development, founded in 1995, will be listed on the Alternative Market of the Athens Stock Exchange on Monday, 17 November 2025.

With a 30-year , the Company aims to achieve even greater growth through its presence on the Athens Stock Exchange.

The Company’s activity is structured in two main sectors:

1) Infrastructure Project Development for medium and large-scale public interest projects:
1a. Project Development & Funding
1b. Technical Assistance to public authorities in Greece and the EU
1c. Engineering Management of technical projects

2) Construction Works in the sectors of Energy – Climate – Water, implementing advanced technological systems such as Smart Cities, Smart Water, and Smart Energy Efficiency.

The Company operates in a specialised niche market, focusing on the development of projects from concept stage through full implementation, with primary reference areas in smart energy, water management, and Smart City applications.

TREK is defined as a special purpose construction and infrastructure development company (Infrastructure Project Developer), with clear differentiation and strong technological added value.

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Key Financial & Operational Figures (2024)

• Turnover: €3 million
• Profit Before Tax (PBT, IFRS): €757,000
• Total Debt: €0
• Tax audited through 2024 (tax compliance certificate issued)
• Dividend payout ratio over the last three years: >50% of profits

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Listing Details

• Capital Raised (Private Placement): €1,911,000 (17.4% of total share capital)
• Investor Composition: 74% Institutional & High Net Worth Investors (5 institutional/HNW investors)
• Listing Share Price: €1.40

Based on 2024 figures, the listing valuation corresponds to:

• EV/EBITDA: 7.0x
• Cash Position: €2.15 million
• Debt: €0
• Ticker: TREK

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Use of Funds (2025–2027)

Total funds: €1,911,000 (IPO) + €2,700,000 (existing liquidity & retained earnings)

• 30% – Organic Growth:
  • Strengthening human capital
  • Expansion of the Munich (Germany) subsidiary
• 70% – Inorganic Growth:
  • Acquisitions of specialised companies aligned with TREK’s business focus in Greece and the EU