Lamda Development reported first-half results: Lamda Development stock fell 4.71 percent

Published on 10/08/2026 at 15:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue was EUR 265.00 million, EBITDA EUR 22.00 million. Lamda Development stock costs EUR 5.87 on October 8, 2026 versus EUR 7.76.

Lamda Development, GRS245213004, Illustration mit AI erstellt.

Lamda Development (GRS245213004) reported first-half 2026 revenue of EUR 265.00 million on September 17, 2026, while its stock was trading at EUR 5.87 at Lang & Schwarz on October 8, 2026 at 3:06 p.m. CEST, down 4.71 percent versus the prior close of EUR 6.16. Investing.com reported that the results showed strong operating assets but pressure from The Ellinikon construction phase.

What do the first-half figures mean?

The group reported EBITDA of EUR 22.00 million and a net loss of EUR 41.00 million for the first half of 2026, compared with net income of EUR 127.90 million in the same period of 2025, according to Investing.com.

The contrast is operational rather than uniform. Adjusted operating mall EBITDA reached EUR 50.00 million, up 5.00 percent year over year, while Flisvos Marina EBITDA rose 10.00 percent to EUR 9.30 million in the first half, the company said in the earnings presentation carried by Yahoo Finance.

Three milestones in twelve months

On December 31, 2025, LAMDA Development reported total assets of EUR 5.00 billion on its investor-relations page, which also identifies the company as listed on the Athens Exchange. In July 2026, it completed two Ellinikon land sales totaling EUR 41.50 million, with an expected accounting profit before tax of EUR 31.00 million, according to Capital.gr.

On September 17, 2026, the first-half presentation put residential revenue at EUR 164.00 million, a 30.00 percent increase from the first half of 2025. Cumulative cash proceeds from Ellinikon property sales and long-term leases exceeded EUR 1.80 billion by the end of August 2026, according to Yahoo Finance.

What comes next for Ellinikon?

The next project milestones are completion of Riviera Galleria in the first quarter of 2027 and its opening in the second half of 2027. Residential deliveries are scheduled to begin in the first quarter of 2027, while the company is also targeting completion of the Agios Kosmas Marina redevelopment in the second quarter of 2027, according to Yahoo Finance.

Stock remains near its yearly low

The Lang & Schwarz quote placed Lamda Development stock at EUR 5.87 on October 8, 2026 at 3:06 p.m. CEST, down 4.71 percent versus the prior close of EUR 6.16. The primary Athens listing was quoted at EUR 5.95 at 3:54 p.m. EEST on October 8, 2026, while its 52-week range was EUR 5.85 to EUR 7.76; the Lang & Schwarz price was 24.36 percent below that high.

The further course of trading is shown by the continuously updated real-time quote of Lamda Development stock.