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Hellenic Duty Free Shops posts record 2025 turnover and profit, proposes €65 million dividend
Hellenic Duty Free Shops, a subsidiary of the Avolta Group, reported a record €539 million turnover for the 2025 financial year, an 11.1% increase over 2024. Sales outside the group reached €525.7 million, up 11% year‑on‑year. Operating profit (EBIT) rose 17.5% to €79 million, pre‑tax profit grew 22.2% to €67.6 million, and net profit after tax climbed 21.6% to €51.8 million. Adjusted EBITDA was €97.8 million, 6.7% higher than the prior year.
The company’s main revenue driver remained airport operations, with sales of €368.6 million, a 9.9% rise, while port sales increased 17.8% to €24.7 million. Investments of €3.6 million were completed in 2024 on airports, ports and border stations, and a further €5 million is planned for 2026. The board proposes a €65 million dividend to the parent company from 2025 earnings.
Tourism continued to boost performance, with international arrivals up 5.9% to 31 million and airport passenger traffic reaching a historic 83.3 million, a 4.9% increase. However, the extension allowing tax‑free sales at land borders with Albania, North Macedonia and Turkey ends on 31 December 2025; from 1 January 2026 all such sales will be taxed, which is expected to affect future profitability.
Entities
Avolta Group · Greek airports · Greek tourism sector · Hellenic Duty Free Shops
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Tax‑free sales at land borders will end on 31 December 2025, and from 1 January 2026 all such sales will be taxed. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] Adjusted EBITDA in 2025 was €97.8 million, up 6.7% from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] Pre‑tax profit in 2025 was €67.6 million, up 22.2% from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] Net profit after tax in 2025 was €51.8 million, up 21.6% from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] The board proposes a €65 million dividend to the parent company from 2025 earnings. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] EBIT in 2025 was €79 million, a 17.5% increase from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] Hellenic Duty Free Shops' 2025 turnover was €539 million, an 11.1% increase from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr
- [● 3 SOURCES] Sales outside the group in 2025 reached €525.7 million, up 11% from 2024. www.ot.gr · www.naftemporiki.gr · www.tovima.gr