Space Hellas, GRS402003008

Space Hellas lifts first-half revenue: what it means for Space Hellas stock

Published on 10/13/2026 at 00:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit rose to EUR 1.70 million from EUR 1.50 million. For Space Hellas stock, operating cash flow was minus EUR 4.50 million.

Key points in brief

Space Hellas reported higher first-half 2026 revenue and net profit on September 30, 2026.
Operating cash flow was negative at EUR 4.50 million during the first half of 2026.
The last Lang & Schwarz price was EUR 8.27 on October 12, 2026.
A EUR 5.00 million bond announced on October 1, 2026 is intended to fund working capital.

Space Hellas, GRS402003008, Illustration mit AI erstellt.

Space Hellas (ISIN GRS402003008) lifted first-half 2026 revenue to EUR 77.90 million from EUR 72.00 million in the comparable period, while operating cash flow was minus EUR 4.50 million. The figures were published by Space Hellas on September 30, 2026.

Revenue and profit moved higher

The technology company generated EUR 17.10 million in gross profit during the first half of 2026, compared with EUR 16.70 million in the first half of 2025. Earnings before interest, taxes, depreciation and amortization remained at EUR 9.30 million, matching the prior-year period, according to Space Hellas.

Consolidated profit after tax reached EUR 1.70 million, up from EUR 1.50 million in the first half of 2025. At the parent-company level, revenue rose to EUR 67.50 million from EUR 56.80 million, while earnings before interest, taxes, depreciation and amortization increased to EUR 7.30 million from EUR 6.70 million, the company reported on September 30, 2026.

What does the cash flow mean?

Operating cash flow fell to minus EUR 4.50 million in the first half of 2026, even as revenue and profit increased. Space Hellas attributed the pressure to invoicing on complex projects that increased receivables before collections were received.

The company also recorded minus EUR 3.80 million in investing cash flow and EUR 4.00 million in financing cash flow during the first half. Management said collections in the second half should strengthen operating cash inflows, while its year-end objective includes higher operating and after-tax profit together with lower overall borrowing.

Bond adds working-capital funding

On October 1, 2026, Space Hellas announced a EUR 5.00 million five-year bond for working-capital needs. OT reported that Alpha Bank would act as lender, payment administrator and bondholders representative.

The financing matters because the first-half cash flow deficit came alongside higher receivables. The combination of stronger earnings, delayed collections and a new five-year liability leaves cash conversion and debt reduction as the key operating measures for the second half.

Last quoted price stays at EUR 8.27

The last available Lang & Schwarz quote stood at EUR 8.27 on October 12, 2026 at 11:00 p.m. CEST. Space Hellas is listed on the Athens Exchange under ticker SPACE.AT, with the quotation currency EUR and an Information Technology classification.

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