The Hellenic Exchanges – Athens Stock Exchange S.A. (ATHEXGroup) reported strong financial results for the first half of 2025. According to the company’s announcement, revenue reached €34 million, up from €26.8 million during the same period in 2024. At the same time, operating expenses increased by 12.5%, totaling €14.4 million compared to €12.8 million in the first half of 2024. The company also achieved a 41.4% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), which amounted to €18.1 million versus €12.8 million a year earlier. As a result, the EBITDA margin rose to 55.6%, up from 50.0% in the corresponding period of 2024. Consolidated net profit after tax also rose significantly, increasing by 43.6% year-over-year to €13.5 million, compared to €9.4 million in the first half of 2024.
The market environment also showed robust performance. The General Index of the Athens Stock Exchange closed the first half of 2025 with a gain of 33.0% compared to the same period in 2024, while the Alternative Market Index increased by 24.8% during the same timeframe. Total capital raised in the period reached €592 million, of which €369 million came from share capital increases (SCIs) and €223 million from initial public offerings (IPOs). The Average Daily Value of Transactions stood at €197.7 million, marking a 37.5% increase compared to €143.8 million in the first half of 2024. Similarly, the Average Market Capitalization rose by 19.2%, reaching €116.3 billion from €97.6 billion in the same period last year.
Foreign investor participation in the total market capitalization of the Athens Exchange climbed to a historic high of 68.8% in the first half of 2025, up from 65.1% a year earlier. Meanwhile, trading volume in the Derivatives Market grew by 22.6%, with an average of 51,600 contracts traded daily, compared to 42,100 in the first half of 2024.
