The management of the listed company stated during the General Meeting that it is evaluating two or three acquisitions within 2026. For the current year, the company targets an increase in turnover of 25%-30% and earnings growth of 15%-25%.
The management of TREK Development referred to its intention to proceed with two or three acquisitions within 2026 during yesterday’s Annual General Meeting of shareholders.
Specifically, TREK Development aims for these acquisitions to focus, on one hand, on the professional services sector and, on the other, on the construction-energy front. The listed company is already in an advanced stage of negotiations with a business operating in the former field.
Furthermore, the management of TREK Development (Chairman Konstantinos Papapolyzos and Vice-Chair Melina Lazaropoulou), answering relevant shareholder questions, noted among other things:
· Contractual Backlog: The company has a backlog of signed contracts nearing €8 million (these projects are scheduled for implementation primarily during the 2026-2027 period, with a final portion remaining for 2028). Including projects close to being awarded, this amount approaches €18.5 million.
· Annual Targets: The target for this year is a turnover increase of 25%-30% compared to last year and a profit increase of 15%-25%, respectively. These targets do not include the performance of subsidiary companies that may be acquired through M&A activity.
· EU Funding & RRF: There is no correlation between TREK Development’s operations and Recovery Fund (RRF) projects. The listed company has not undertaken any such projects; instead, it secures projects directly from the European Union.
· Future Outlook: Consequently, there is no risk of a downturn due to the expiration of the Recovery Fund. On the contrary, EU funds allocated for project categories pursued by the company appear set to increase further in the future (with a clear programmatic focus on energy-environment from 2028 onwards).
· Sector Expertise: TREK Development’s emphasis on energy, environment, and infrastructure is long-standing, having started well before these concepts became “trends.”
· Shareholding Structure: Major shareholders hold approximately 75% of the company, with the remaining percentage controlled by domestic institutional portfolios (18%-20%) and private investors (5%-6%). The two main shareholders would not object to reducing their stakes to further broaden the free float (the stock’s free float and liquidity are at satisfactory levels for the Alternative Market’s standards).
· Strategic Goal: The medium-term objective (next two years) is the migration of TREK Development’s shares from the Alternative to the Main Market of Euronext Athens.
· Shareholder Returns: Within the framework of yesterday’s AGM, the distribution of a €500,000 dividend (payable April 28) was approved, as well as a share buyback program for up to 1% of the total shares.
Last year, the listed company reported an increase in turnover from €2.957 million to €3.718 million and net profit from €581,000 to €1.31 million. As of December 31, 2025, its equity stood at €4.6 million, maintaining a negative net debt (positive net cash position of €3.726 million).
