ELKO Group Audited Annual Report, 2025
ELKO Group closed 2025 with strong 10% revenue growth and higher profitability, driven mainly by the small domestic appliance segment and strengthened by a late year surge in PC components amid anticipated memory shortages.
January – December 2025 highlights
- Revenue USD 1259 million (EUR 1114 million), an increase of 10.17% year-on-year
- Gross profitability 7.8%, a marginal improvement year on year
- Gross profit USD 98.2 million (EUR 86.9 million), an increase of 10.7% year-on-year
- Net profit USD 14.3 million (EUR 12.7 million), an increase of 1.3% year-on-year
Akciju Sabiedrība ELKO Grupa consolidated turnover during the 12 months of 2025 reached USD 1259 million (EUR 1114 million), a 10.17% increase over the corresponding period in 2024.
Growth was primarily driven by the small domestic appliance (SDA) segment, where strong partnerships with fast-expanding vendors and ELKO’s brand acceleration capabilities delivered exceptional topline contribution. The PC components segment also posted a robust performance in the final quarter, supported by increased demand ahead of anticipated global memory shortages fueled by accelerating AI infrastructure build-out.
ELKO’s gross profit reached USD 98.2 million (EUR 86.9 million), representing a 10.7% year-on-year increase. This improvement reflects the company’s continued strategic shift toward higher-margin categories and its strengthened value proposition for both vendors and customers.
A significant event after the reporting period – on January 2, 2026, strengthening Nordic presence, Akciju Sabiedrība ELKO Grupa has completed the acquisition of 60% of the shares in Bat.Power Oy, a Finland-based consumer electronics importer and wholesale distributor. The transaction has been executed through ELKO Group’s subsidiary, Gandalf Distribution AB.