Westnet: Delivers Strong Growth in 2025
Westnet, a member of Olympia Group, delivered particularly strong financial results in 2025, confirming the effectiveness of the initiatives implemented during the previous year.
The company’s sales increased by 13%, reaching €140.9 million, while gross profit rose significantly by 31%, from €11.2 million in 2024 to €14.6 million in 2025. At the same time, Westnet reduced its operating expenses by 4%, substantially improving its operational efficiency.
As a result, the company achieved a full turnaround in operating profitability (EBITDA), moving from a loss of €1.4 million in 2024 to a profit of €3.2 million in 2025. This overall improvement of €4.6 million clearly demonstrates that the structural and strategic changes implemented delivered the expected results, laying strong foundations for the company’s future growth.
The company’s profit before tax also showed a similarly positive trend, with losses narrowing significantly to €1.3 million in 2025, compared with €5.5 million in 2024—an improvement of €4.2 million within 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 market for technology, home appliance, heating and cooling products, and consumer battery distribution.
At the same time, the company is implementing an ambitious digital transformation programme, investing in modern technologies, process automation and advanced data analytics tools. The aim is to continuously improve customer service and further enhance operational efficiency.
This growth trajectory is accompanied by continued investment in its people—a commitment that was officially recognised in 2025 through Westnet’s certification as a Best Place to Work. This distinction confirms the company’s dedication to creating a modern, inclusive and high-performing workplace.
In 2026, Westnet is focusing on new product categories with higher profit margins, the further development of its own brands and its expansion into new distribution channels through strategic partnerships.
These initiatives are already delivering results in the first half of 2026, with the company achieving growth in both sales and profitability at rates significantly higher than in 2025. This momentum is creating favourable conditions and strong expectations for Westnet’s return to full-year profitability.
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