Quest Group Reports Strong Financial Growth in Q1 2025

The Quest Group has announced impressive financial results for the first quarter of 2025. Consolidated revenues reached €328 million, EBITDA profits amounted to €21.2 million, and after-tax profits stood at €10 million. Compared to the same period in 2024, sales increased by 8.2%, operational profitability (EBITDA) rose by 13.7%, pre-tax profits (EBT) grew by 18.7%, and net profits (EAT) climbed by 16%. Notably, these figures include contributions from Benroubi, which was integrated into the group on February 1, 2025. Benroubi contributed €3.5 million to sales, €0.6 million to EBITDA, €0.5 million to EBT, and €0.4 million to EAT. The group’s net debt position improved significantly, reaching -€23.2 million (equivalent to €23.2 million in cash reserves), compared to €82.1 million in cash reserves as of December 31, 2024. This change is attributed to increased working capital needs and the impact of acquiring 70% of Benroubi for approximately €27 million. Sector-wise, commercial activities saw a 7.8% rise in sales and a 50% increase in pre-tax profits due to the inclusion of Benroubi’s results and a recovering air conditioning market. IT services experienced a 15.8% increase in sales and a 13.2% rise in pre-tax profits, driven by strong demand for digital transformation projects in both public and private sectors. Courier services maintained steady sales with a slight increase in pre-tax profits (+5.6%) due to improved productivity. Energy production revenues slightly declined (-9.7%) due to adverse weather conditions, but pre-tax profits remained stable thanks to reduced borrowing costs. The parent company, Quest Holdings, reported revenues of €442,000, reducing its pre-tax losses from €212,000 to €46,000.