The Cosmos Group’s strategy for the next five years, with a horizon of 2030, was presented by the Group’s Chairman and CEO, Mr. Dimitris Dafnis, during a period in which the ICT market in Greece and Cyprus is entering a new phase of maturity, at the customary comprehensive press conference he held.
Following a period of rapid growth in the IT market, resource absorption, major digital projects, and the RRF, the Group is now focusing on sustainability, return on investment, operational support for systems, and measurable value for customers, citizens, and the economy.
The central message of the presentation is clear: the era of absorption is coming to an end, and the era of results is beginning. For the Cosmos Group, the future of digital transformation is determined not only by how many projects are implemented, but by who can complete, maintain, upgrade, and protect them, measure their performance, and ensure their full lifecycle. In this environment, the Group aims to further solidify its position as one of the largest and most reliable system integrators in Greece and Cyprus, with the capacity to undertake complex, large-scale projects.
The Numbers for 2020–2025
The Cosmos Group is starting the new strategy from a particularly strong position. In 2025, the Cosmos Group reported revenue of €91 million, EBITDA of €8 million, pre-tax profits of €4.2 million, a workforce of 330 professionals, a project backlog of €120 million, and 15 new major projects. Sales growth since 2020 reached 128% (2020 = €40 million), and pre-tax profits increased tenfold (2020 = €400k).
Similarly, the parent company, Cosmos Business Systems, reported revenue of €81.8 million, EBITDA of €7.3 million, and pre-tax profits of €4 million, confirming the strengthening of the company’s profitability and financial position, with individual metrics showing increases of 135% in sales (2020 = €34.8 million), 1,000% in pre-tax profit (2020 = €0.380 million), and 248% in EBITDA (2020 = €2.1 million).
Investments 2026–2030
Over the five-year period 2026–2030, the Group plans to make investments that, depending on market conditions, could range from €10 million to €50 million. The key areas include strengthening the ownership and operational capabilities of facilities in Athens, Thessaloniki, and Cyprus; the expansion of data centers; the upgrade of the NOC and SOC; the development of AI Data Center infrastructure; and the ongoing training and specialization of its workforce.
The company has already purchased an additional 700 square meters of office space in Metamorfosi, Attica, increasing its owned facilities to 4,000 square meters. This space will house its software and AI development operations, as well as its Consulting and Professional Services divisions.
Forecasts for 2026–2030
Based on the business plan, the Group has set a target for 2030 of revenue in the range of €128 million, compared to €91 million in 2025—an increase of approximately 30%— EBITDA of approximately €12 million, compared to €8 million in 2025—an increase of approximately 50%—provided there are no major internal or external disruptions in Greece and Cyprus that would adversely affect the business environment.
The growth strategy is also based on undertaking new, high-value-added projects in both the public and private sectors.
Market needs are now shifting from the simple installation of systems to integrated operations: projects in cloud, cybersecurity, AI, data, infrastructure, software, managed services, SOC/NOC, and business continuity.
Particular emphasis is placed on artificial intelligence, cybersecurity/operational security, and software—three areas that are radically transforming how organizations and businesses operate.
New Products and Partnerships
Cosmos announced the expansion of its partnership with NVIDIA, for which it is the official representative in Greece and Cyprus, in the field of artificial intelligence data center infrastructure with vertical specializations, as well as its official inclusion in Apple’s Business Partners network, leveraging Apple’s ecosystem of products, devices, and services to support large organizations, businesses, educational institutions, and professional groups.
The Group is also proceeding with the organized marketing of the new Archium, Talent, and CoreAI, as well as its NOC services, with the aim of generating recurring revenue, increasing value added per customer, and diversifying away from the traditional system integration model.
At the same time, the sector of Defense, Security, Civil Protection, Coast Guard, and Border Security is one of the critical sectors in which the group is already active in Greece and Cyprus
Greece – Cyprus
For the Cosmos Group, Greece and Cyprus constitute a single technological space, with shared needs, shared challenges, and significant opportunities in the Eastern Mediterranean. With a presence in Athens, Thessaloniki, and Cyprus, the Group has the geographic reach, teams, infrastructure, and experience to support large organizations, banks, public entities, telecommunications providers, and businesses in projects of strategic importance.
Financing the Group’s Growth
With an eye toward 2030, the Cosmos Group prioritizes sustainable growth in sales and profits, further strengthening its backlog, increasing recurring revenue from managed services, and financing a new investment cycle through equity, bank loans and partnerships, and/or raising capital through the capital markets.
The ambition is clear: for the Group to become a benchmark for digital transformation, cybersecurity, artificial intelligence, and critical infrastructure in Greece and Cyprus. Achieving these goals will cement the Cosmos Group’s position as one of the largest and strongest technology integrators in Greece and Cyprus.
Regulatory Developments and Progress in the Implementation of the RRF
Mr. Dafnis also provided a detailed account of the Recovery and Resilience Fund’s investment phase, which is nearing completion.
The implementation of RRF projects and major public tenders highlighted the country’s momentum in digital transformation, but at the same time revealed structural weaknesses that must be addressed immediately so that the next period will be more mature, more productive, and more effective.
Tight deadlines, photographic specifications, the often fragmented approach of stakeholders, delays in approvals and deliveries, the difficulty of updating specifications in an environment of rapid technological change, the underestimation of post-go-live operating costs, as well as the absence of clear mechanisms for maintenance, upgrades, cybersecurity, SLAs, and measurable KPIs—have created pressure on both the government and the companies responsible for implementing critical projects, as has the rapid and unexpected increase in computer prices, which in some cases has reached 200%.
The Role of Industry Associations – Registers of IT Contractors – Establishment of a Register of Cybersecurity Companies
During this transition, the sector’s collective bodies, such as SEPE, SETPE, and the respective professional associations, must play a more active institutional role as a bridge between the government and the market: gathering evidence-based data, promptly identifying distortions in either competition or the market, proposing mutually acceptable solutions, contribute to the formulation of modern tendering rules and support a new framework for digital projects based on transparency, technical competence, sustainability, and real value for the economy and citizens.
To contribute to the establishment of rules for the inclusion of companies in the Registers of ICT Consultants and Contractors, as well as corresponding state certification and oversight of companies providing Cybersecurity and SOC Services, in order to prevent incidents ranging from simple fraud to espionage.
During the interview, Mr. Dimitris Dafnis, Chairman of the Group, stated:
“The challenge for the coming period is not simply to carry out more projects, but to demonstrate that investments in technology generate value, security, and sustainability. The Cosmos Group is entering 2030 with the ambition to be a benchmark for Greece and Cyprus, with strong teams, infrastructure, innovation, profitability, and a sense of responsibility toward the market, our customers, our people, and society. After all, as our motto for this year states: “We don’t follow—we lead!”
