fourlis revenue — fourlis revenue — Fourlis Group has achieved a remarkable revenue surge to €430.7 million for the first nine months of 2025, fuelled by the expansion of its IKEA and Intersport networks across Greece, Cyprus, and Romania.
Fourlis revenue: Strong Financial Performance
The consolidated financial results released by Fourlis highlight a significant increase in both sales and profitability compared to the previous year. Revenue rose from €390 million in 2024 to €430.7 million in 2025, while gross profit increased to €200.7 million, up from €180.2 million.
EBITDA and Net Profit Growth
Fourlis reported an earnings before interest, taxes, depreciation, and amortisation (EBITDA) of €53.7 million for the period, an increase from €50 million last year, marking a margin of 12.5%. Earnings before interest and taxes (EBIT) also saw a considerable rise to €30.6 million, compared to €21.9 million in 2024. Furthermore, net profit nearly doubled, reaching €13 million, up from €7.5 million, reflecting a robust operational performance and enhanced contributions from associates.
IKEA Remains Key Revenue Source
The IKEA division continues to be the largest contributor to Fourlis’s revenue. Sales in this segment amounted to €170.4 million, reflecting a year-on-year increase of 5.1%. Gross profit from IKEA rose to €73.4 million, with segment EBIT climbing to €12 million, up from €8.2 million the previous year, driven by new store openings and stable customer demand.
Intersport’s Significant Contribution
The sports retail division, comprising Intersport and Foot Locker, demonstrated a remarkable growth trajectory as well. Sales rose to €157.7 million, compared to €130.7 million in 2024. The EBITDA for this division increased significantly to €14.3 million, up from €8.1 million, while EBIT reached €4.3 million, compared to €2.3 million last year.
Expansion of Health and Wellness Segment
The Holland & Barrett health and wellness segment also experienced growth, with revenue climbing to €24 million from €19.3 million in the previous year. Gross profit increased to €17.2 million, and EBITDA stood at €1.5 million, indicating a strong market presence.
Investment Activity and Future Plans
Fourlis has maintained a high level of investment activity during this period. Total capital expenditure reached €106.6 million, which included €63.8 million for property through Trade Estates, €27.6 million for digital transformation projects, and €10.1 million for store expansions across its IKEA, Intersport, and Foot Locker brands.
Although the bulk of these activities are focused on Greece and Romania, Cyprus remains a vital part of Fourlis’s regional strategy. The company operates an IKEA store in Nicosia, a Pick-Up & Order Point in Limassol, and an e-commerce platform, alongside Intersport and Foot Locker outlets. This expanding footprint comes at a time when over 1,500 Greek-affiliated companies are operating in Cyprus, drawn by its favourable tax environment and stable political conditions.
Resilience Amid Cybersecurity Challenges
Last year, Fourlis faced challenges due to a ransomware cyberattack that disrupted online services, including its Cyprus e-commerce platform. However, the company confirmed that no personal data was compromised, and operations were gradually restored. Despite this setback, Fourlis has remained optimistic about its growth outlook for 2025.
Analysts’ Perspectives on Future Growth
Industry analysts have noted that Greek retailers are increasingly establishing a foothold in the Cypriot market, reshaping the retail landscape in sectors such as home furnishings, sportswear, and mass-market consumer goods. Fourlis anticipates stable growth for the remainder of 2025, bolstered by ongoing network expansion, resilient consumer demand, and continuous investment in logistics and digital systems.
Positive Outlook for the Remainder of 2025
Fourlis reported an EBITDA-adjusted figure of €57.5 million for the nine-month period, indicating improved operational performance. With a focus on enhancing its market presence and leveraging its diverse portfolio, the group is well-positioned for sustained growth moving forward.
