Gek Terna S.A.

Gek Terna S.A.

38.52
EUR
+0.08
(+0.21%)
Apr 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.1
9.95
9.9
11.74
12.15
14.3
11.79
9.2
11.89
41.08
34.54
32.85
38.51
- -
Basic EPS, GAAP
-1.01
-0.66
-0.15
0.35
0.72
0.05
0.24
0.13
0.52
1.42
1.57
8.27
1.39
- -
Free Cash Flow per Basic Share
1.03
1.69
0.82
1.51
0.08
0.98
0.47
2
1.15
-0.12
2.38
-29.12
-7.78
- -
Dividend per Share
- -
- -
- -
0.06
0.07
0.04
0.01
- -
- -
- -
- -
- -
0.41
- -
Book Value per Share
4.79
3.92
3.49
3.91
4.98
4.95
5.1
5.32
6.2
8.89
10.11
17.53
19.55
19.55
Tangible Book Value per Share
3.42
2.66
2.42
2.98
-3.59
-3.25
-2.69
-2.36
-1.18
1.24
2.73
-21.39
-29.69
-29.59
Basic Weighted Avg Shares
85
93
98
99
98
98
98
97
96
96
94
99
100
101
Sales/Revenue/Turnover
603
924
972
1,163
1,186
1,403
1,156
892
1,144
3,938
3,252
3,250
3,855
- -
Operating Margin (%)
4.66
3.44
8.67
15.75
17.01
12.79
14.6
11.75
14.95
11.35
7.75
6.73
8.1
- -
Depreciation Expense
57
73
77
77
74
112
123
99
107
134
95
123
232
- -
Net Income, GAAP
-86
-61
-14
34
70
4
23
13
50
137
148
818
139
- -
Effective Tax Rate (%)
- -
- -
122.6
51.06
38.23
41.07
28.38
24.55
10.58
27.1
33.28
66.68
25.32
- -
Profit Margin (%)
-14.26
-6.63
-1.49
2.94
5.89
0.32
2.03
1.43
4.37
3.47
4.54
25.18
3.61
- -
Working Capital
325
234
307
422
234
329
397
998
1,349
1,696
1,715
1,633
1,719
1,669
LT Debt
523
476
511
844
1,272
1,574
1,802
2,214
2,410
2,720
2,814
4,461
5,672
5,687
Total Equity
640
566
562
599
768
729
767
827
871
1,191
1,277
1,772
2,048
2,033
Return on Invested Capital (%)
- -
- -
-1.26
5.42
6.02
4.18
4.28
2.46
6.32
7.98
3.44
0.91
3.02
- -
Return on Capital (%)
- -
- -
-2.65
3.15
4.03
1.39
2.45
1.03
4.43
4.2
4.03
15.08
4.05
- -
Return on Common Equity (%)
-20.62
-15.15
-4.05
9.33
16
0.92
4.78
2.52
8.95
18.76
16.45
60.62
7.44
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
ST Debt
347
423
442
LT Borrowings
1,636
4,402
5,602
LT Finance Leases
57
59
85
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
100
101
Market Capitalization
- -
- -
- -

Working Capital

EUR

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
Total Current Assets
4,566
3,361
3,680
Cash, Cash Equivalents & STI
1,148
1,549
1,744
Accounts Receivable, Net
467
648
616
Inventories
56
45
40
Total Current Liabilities
2,789
1,728
2,012
Payables & Accruals
- -
- -
- -
ST Debt
347
423
442
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.63%
20.73%
15.55%
Free Cash Flow
-229.98%
-744.97%
-72.97%
Net Income, GAAP
89.78%
169%
-83.01%
Sales/Revenue/Turnover
27.31%
54.73%
18.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3,250
2025
- -
- -
- -
- -
3,855
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
8.27
2025
- -
- -
- -
- -
1.39
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.41
2026
- -
- -
- -
- -
- -

Company Description

CEO
Georgios Theodoros Peristeris
Full Time Employees
6,149
Sector
Industrial services
Industry
Engineering & construction
Address
85, Mesogeion Avenue Athens GH Greece 115 26
IPO Date
Aug 28, 1969
Business
GEK TERNA Holdings, Real Estate, Construction S.A. is a leading Greek infrastructure group primarily engaged in construction, energy, and concessions across Greece, Central and Southeastern Europe, the USA, North Africa, and the Middle East. The company manufactures and provides services in construction contracting; infrastructure concessions including motorways, water and wastewater treatment, and social infrastructure projects; renewable energy production and electricity generation; waste management; and e-ticketing systems. Its activities encompass the development, procurement, and operation of energy projects including natural gas and renewable energy sources. Founded in 1999 and headquartered in Athens, Greece, GEK TERNA operates through various subsidiaries, including the former renewable energy arm Terna Energy, which held the largest and most diversified renewable portfolio in Greece and projects in Bulgaria and Poland. In a major strategic development in 2024, GEK TERNA sold a 70% stake in Terna Energy to Masdar, the UAE’s clean energy leader, in a €3.2 billion transaction—the largest ever energy deal on the Athens Stock Exchange—while retaining and consolidating non-core assets such as waste management, e-ticketing, and construction within its group. In 2025, GEK TERNA entered a strategic partnership and merger in the electricity supply sector with Motor Oil, creating a vertically integrated structure aimed at expanding market presence and addressing energy transition challenges, supported by considerable investments. More recently, GEK TERNA launched a significant capital return initiative by commencing an equity buyback program for up to 10% of its issued share capital and secured a €500 million bond issuance co-invested by the European Bank for Reconstruction and Development (EBRD). Proceeds from this bond finance renewable energy, battery storage, social infrastructure, and water projects across Greece, Romania, Albania, and Kosovo, further supporting GEK TERNA’s commitment to sustainable infrastructure and environmental standards. The company’s portfolio also includes long-term concession contracts for large-scale public-private partnership (PPP) projects including irrigation, multi-storey car parks, and motorways, underscored by investments exceeding €60 million in 2023-24 to boost growth in construction and infrastructure segments. GEK TERNA’s recent financial performance reflects robust growth with adjusted EBITDA significantly increasing year-over-year, driven by higher concession revenues and operational efficiencies. The company targets continued expansion in core sectors leveraging strategic partnerships, capital market activities, and a diversified portfolio encompassing construction, energy, infrastructure concessions, and environmental services across multiple geographies. This comprehensive strategic repositioning and ongoing capital investments position GEK TERNA as a dominant player in the infrastructure and energy sectors within Greece and the broader European region, with expanding footprint and enhanced capabilities following its 2024-25 transformative transactions and alliances.