Space Hellas, GRS402003008

Space Hellas issues EUR 5.00 million bond: what it means for Space Hellas stock

Published on 10/18/2026 at 13:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 77.90 million in the first half of 2026, up 8.21 percent. Space Hellas stock posted EUR 1.70 million net profit.

Financing meets stronger first-half results

Space Hellas announced a EUR 5.00 million bond on October 1, 2026.
First-half 2026 revenue reached EUR 77.90 million, up 8.21 percent.
Operating cash flow was negative by EUR 4.50 million in the first half of 2026.

Space Hellas, GRS402003008, Illustration mit AI erstellt.

Space Hellas announced a EUR 5.00 million bond on October 1, 2026, giving Space Hellas stock a fresh financing event after stronger first-half operating figures. According to OT, the five-year loan is intended to support working capital.

Revenue grows while cash lags

Space Hellas reported consolidated revenue of EUR 77.90 million for the first half of 2026, compared with EUR 72.00 million in the first half of 2025, an increase of 8.21 percent. The figures came from the half-year results published on September 30, 2026, as reported by Euro2day.

Net profit rose to EUR 1.70 million from EUR 1.50 million, while EBITDA remained at EUR 9.30 million against EUR 9.30 million a year earlier. The result is a quantified improvement in earnings, but the unchanged EBITDA shows that higher revenue did not yet translate into a larger operating result.

Three dated company milestones

On April 28, 2026, Space Hellas reported 2025 consolidated turnover of EUR 152.90 million through its investor-relations news page. On September 30, 2026, it reported first-half revenue of EUR 77.90 million and net profit of EUR 1.70 million through the same company publication channel. On October 1, 2026, the company announced the EUR 5.00 million bond, according to OT.

What does the bond mean for cash flow?

The financing matters because operating cash flow was negative by EUR 4.50 million in the first half of 2026, despite the increase in sales and profit. Euro2day attributed the pressure to invoicing for complex projects and higher receivables before customer collections were completed. Management expects operating inflows to improve as those receivables are collected in the second half of 2026, while also targeting lower total borrowing by year-end.

Dates and market setting

The key dated milestones are September 30, 2026 for the half-year results and October 1, 2026 for the bond announcement. Space Hellas is listed on the Athens Exchange under ticker SPACE.AT, according to Global Banking and Finance.

Cash conversion is the next test

The central investor question is whether the reported revenue and profit can convert into cash. The EUR 4.50 million operating outflow gives that question a measurable starting point, while the EUR 5.00 million bond provides additional working capital for project execution. The further course of trading is shown by the continuously updated real-time quote of Space Hellas stock.