Westnet: Strong Growth Trajectory in 2025
Westnet, an Olympia Group company, delivered particularly strong financial performance in 2025, confirming the effectiveness of the initiatives implemented the previous year.
The company’s sales increased by 13% to €140.9 million, while gross profit rose significantly by 31%, reaching €14.6 million, compared with €11.2 million in 2024. At the same time, Westnet reduced its operating expenses by 4%, substantially improving its overall operational efficiency.
As a result, the company achieved a full turnaround in operating profitability (EBITDA), moving from a €1.4 million loss in 2024 to a €3.2 million profit in 2025. The €4.6 million improvement provides clear evidence that the structural and strategic changes implemented have delivered the expected results, creating a strong foundation for the company’s future growth.
A similarly positive trend was recorded in profit before tax, with losses narrowing significantly to €1.3 million in 2025, compared with €5.5 million in 2024, representing an improvement of €4.2 million in just one year.
These results reaffirm Westnet’s strategic direction and its commitment to creating sustainable value for its customers, partners and shareholders, while further strengthening its position in the Greek technology and distribution market for home appliances, cooling and heating solutions, and consumer batteries.
At the same time, the company is implementing an ambitious digital transformation programme, investing in advanced technologies, process automation and sophisticated data analytics tools, with the aim of continuously improving customer service and further enhancing operational efficiency. This growth trajectory is accompanied by ongoing investment in its people, as recognised by Westnet’s official certification as a Best Place to Work in 2025, reaffirming the company’s commitment to fostering a modern, inclusive and high-performing workplace.
In 2026, Westnet is focusing on new higher-margin product categories, further expanding its own brands and entering new distribution channels through strategic partnerships.
All of the above are already showing positive results in the first half of 2026, with the company recording growth in both sales and profitability at significantly higher rates than in 2025. This performance is creating the conditions and positive outlook for Westnet to return to profitability on a full-year basis.
