TREK Development is preparing an aggressive acquisition strategy in Greece and abroad in 2026, having already laid the foundations during the previous financial year for the implementation of its long-term objectives.
As Konstantinos Papapolyzos, Chairman of the Board of Directors & Chief Executive Officer of the company, tells “N”, “not only did we more than double our net profitability (+117.63%), but we also exceeded our own respective forecasts, a particularly important achievement that reflects our DNA. Most importantly, the company’s significant cash reserves amount to €4.2 million, with the potential to be leveraged—either through a share capital increase or through a bond issue—to reach €10 million, providing the company with the ability to move forward dynamically with acquisitions in Greece as well as across Europe. Aggressively but systematically, in 2026 we will utilize our resources, achieving maximum leverage and further meeting expectations.”
The Greek listed company already has four companies in its sights that could complement and further develop the two core activities of TREK Development: project development and Project Development Services. The first sector concerns the maturation of Public Interest Infrastructure projects, with a focus on vertical markets such as Energy Efficiency and the Upgrade of the Public Building Stock, Digital Transformation and “Smart” Water, mainly in water supply through smart water meters and in water recycling and reuse (desalination) through the use of technological tools. It should be noted that in this sector the company has so far been awarded projects (as provisional contractor) worth approximately €8 million. In 2025, 60% of the company’s revenue came from the Construction Sector and 40% from Project Development Services. In 2026, this ratio is estimated to reach 70% – 30%. According to Mr. Papapolyzos, “we have been listed on the Athens Stock Exchange for only 3.5 months, we recorded the second-best performance in terms of our share price performance in 2025 among all listed companies on the Athens Stock Exchange (Main and Alternative Markets), and to date I believe we are meeting the expectations of our new shareholders who trusted us, whether they are the five ‘major’ institutional investors who took positions in TREK, or individual investors.”
Within this framework, the company’s Board of Directors intends to propose to the Annual General Meeting on March 31, 2026 the distribution of a dividend of €500,000, representing 38.13% of the net profits for the year. The five major institutional investors participating in the company’s share capital are prominent names in the business world, with experience, expertise, business stature and an international outlook. Specifically, these are Quest Holdings and Mr. Theodoros Fessas personally, Lyktos Group of M. Sallas’ interests, Alpha Trust, 3K and Optima Bank.
In 2025, TREK Development recorded an increase in sales of 28.69% compared to 2024, reaching 3.8 million euros. Earnings before interest, financial, investment results and depreciation (EBITDA) increased by 110.97% to 1.7 million euros. Profit before tax amounted to 1.6 million euros compared to 756,677.00 euros in 2024. The company’s total debt of any kind and weight (short-term and long-term) on 31.12.2025 was zero.
