Blonde Fur
Akis Petregiki's new business venture begins to take shape in the Spata. Next to Smart Park, work on the hub that is to house the production of television and digital content, as well as activities related to hosting events.
What is built in Spata
Akis Petretzikis investment project Hub for the creation of a permanent studio installation of original television shows in Spata has joined the "Business 360°" regime of Development Law 4887/2022.
The total eligible and assisted budget is EUR 2 million, while the aid reaches EUR 560,000 and is granted entirely in the form of a tax exemption. The investment project also provides for the creation of 14.5 Annual Labour Units.
The building permits give a wider picture of the facilities developed at the Glass – Agios Dimitrios – Pyrgos Business Park. Beyond the building connected to television production, a two-story restaurant building and audience meeting area, with a basement and chapel, has been licensed. At an earlier stage of the emptying process this building was described as a venue for events and audience meeting.
Chapter 901,000 euros for Hub
Akis Petretzikis Hub was founded in March 2023 and belongs entirely to Akis Petregikis Monoface Ltd. It started with a capital of 530,000 euros, while in February 2026 a new increase of 371,000 euros was decided to cover financial needs. After the increase, its capital amounted to 901,000 euros.
At the same time, the object of the company was expanded. Its purpose includes, inter alia, activities around television, film, and online productions, the organization of events and weddings, catering, photography and video-visiting events, as well as the exploitation of real estate.
At present, however, Hub has limited activity. In 2025, it had revenues of just 4,000 euros and marginal damage of 387 euros.
Sales growth, steady profits
As regards the financial performance of Akis Petregikis Monoface Ltd, it closed in 2025 with a significant increase in sales, but without a corresponding increase in profits. In particular, the turnover increased by 17.1%, to 4.6m euros, while net profits remained substantially stable, to 1.68m euros from 1.71m euros. Thus, the net profit margin was limited to 36.5%, from 43.5% in 2024.
More sales with fewer employees
The increase in turnover was achieved with less staff. The average number of workers fell to 21 out of 25 in 2024, while employee benefits were limited to 532.3 thousand euros from 568.1 thousand euros.
At the same time the other costs and losses increased by 51.5%, to EUR 1,81 million from EUR 1,19 million in 2024, a development in which the administration yields the decline in profitability. Financial statements do not provide any further analysis of this category.
Almost EUR 4 million in the fund
At the same time, the company's cash resources reached EUR 4 million. At the end of 2025 it amounted to 3.92m euros, from 2.75m euros a year earlier, increased by about 42%.
The value of fixed assets was increased. The tangible assets reached 2,53m euros, from 1.65m euros in 2024, with the company making new investments in buildings, technical projects and equipment in use.
At the end of 2025 the company received a €78,054 loan through TEPTIX III, with a final maturity in 2034.
Within the year a dividend of EUR 105.270 was also paid, while in 2024 the company had not made any dividend distribution.
Photo by @akispetretzikisofficialpage
