AVAX Group maintains €2.6B project backlog

Specifically, according to an announcement by the AVAX Group, the following were recorded:

• Revenue increased by 17% to €208.4 million, compared with €177.7 million in the same period of 2025.
• EBITDA amounted to €26.7 million, up 2% from €26.2 million in 2025.
• Net profit after tax stood at €10.6 million, compared with €11.9 million in the previous year.
• The backlog of projects reached €2.6 billion (June 2026).

The Group’s consolidated turnover in the first quarter of 2026 increased by 17.3% to €208.4 million, compared with €177.7 million in the corresponding period of the previous year, as a result of significant progress across all projects undertaken by the Group in Greece and Romania.

Following the efficient execution of major contracts that have now entered a mature phase, the Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to €26.7 million in Q1 2026, compared with €26.2 million in the previous year, while the construction segment EBITDA margin (10.7%) remained broadly in line with full-year 2025 levels (10.8%).

Net profit after tax amounted to €10.6 million, compared with €11.9 million in 2025.

“The Group maintains a high-quality portfolio of concessions and public-private partnership (PPP) investments of significant value, with a fair value valuation of €401.7 million, compared with €397.7 million at the end of the previous year. The backlog of signed and pending construction contracts remained unchanged at €2.6 billion, compared with the end of 2025, following the signing of new contracts worth €0.2 billion during the period,” the announcement stated.

Finally, the leverage ratio (net debt / last twelve months EBITDA) remained at low levels, standing at 2.0x as of 31.03.2026, compared with 1.7x at the end of 2025.