The net profitability of mid-cap companies on the Athens Stock Exchange moved into cautiously positive territory during the first half of 2026. The 20 listed companies comprising the FTSE Mid Cap index reported cumulative post-tax profits of €301.7 million, marking a 13% increase compared to the €266.5 million recorded in the same period of 2025.
The Gap with Blue Chips
Despite the growth, the overall performance is described as mixed, as the financial results of blue-chip stocks showed significantly higher momentum, widening the gap between the two tiers. Out of the 20 companies, ten reported increased profits, five saw a decline, and five closed the semester with losses.
Leaders and Laggards
ADMIE Holdings led the group with €45 million in profits, while Kri Kri saw its earnings expand to €36.4 million, driven by production investments and a strong international presence. Other notable gainers included Trade Estates, Dimand, Quest, and Euronext Athens.
Operational Challenges
Conversely, horizontal pressures from energy costs, logistics, and raw materials impacted the profitability of firms such as Piraeus Port (OLP), Autohellas, and Sarantis. Furthermore, five companies reported losses:
- Intralot: A negative result of €14.2 million, influenced by corporate transformation costs.
- Ellaktor: Losses of €11.3 million due to limited operating income while awaiting major investments like the Alimos Marina.
- Intracom Holdings: Swung to an €8 million loss due to extraordinary factors.
- Qualco and Fourlis: Also reported negative results for the period.
