Orilina Properties sees revenue surge as Elliniko developments advance

The company demonstrated significant improvement in profitability, driven both by the consistent performance of its income-generating real estate portfolio and the recognition of gains from the sale of three out of twenty residences in the Marina Residences by Kengo Kuma project.

Strong Growth in Core Financial Metrics
At the level of key financial indicators, the company recorded substantial growth compared to 2024. Revenue reached €14.925 million, up from €5.928 million in the previous year, representing an increase of 151.8%.

Net profit after tax rose to €10.718 million, compared to €6.799 million in 2024, reflecting a 57.6% increase. Adjusted operating profit (EBITDA) also strengthened to €4.925 million, up from €3.307 million, marking a growth of 48.9%.

Improved Valuation Metrics and Low Leverage
Adjusted net asset value per share (Adjusted NAV per share) stood at €1.251, while adjusted earnings per share reached €0.07. Notably, the ratio of net debt to property value was -9.4%, highlighting very low leverage and a robust capital position.

Progress at The Ellinikon
Significant advancement has also been made in the Group’s developments at The Ellinikon, where the Marina Residences by Kengo Kuma residential project continues to attract strong buyer interest. According to the company, sales and reservations now account for 65% of total units, confirming the momentum of the premium residential complex. In January 2026, the general contractor agreement for project completion was signed, with construction works already underway.

Advancements at Agios Kosmas Marina
The Private Club property at Agios Kosmas Marina is also progressing, with ongoing construction works. The development is expected to include dining and leisure spaces, an entertainment center, and outdoor areas for sports and recreation, further strengthening the company’s investment footprint in the wider Ellinikon area.

Positive Outlook for 2026
The strong financial results and the progress of strategic projects reinforce Orilina Properties’ outlook for 2026, with the market focusing on the continued maturation of Ellinikon developments and the gradual conversion of investments into recurring revenue.