Cosmos Health's (COSM) CosmoFarm Achieves Record Revenue

Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ: COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that its healthcare distribution business, operated through its wholly owned subsidiary, CosmoFarm S.A. ("CosmoFarm"), has achieved record sales.

In the first ten months of 2024, CosmoFarm achieved record revenue of approximately $43 million, representing an 8.62% increase over the same period last year and contributing to a 21% rise in gross profit.

Since its acquisition in Q4 2018, CosmoFarm has experienced substantial growth under Cosmos Health's ownership. Key drivers of this growth include investments in advanced robotic systems, such as ROWA and SCHAEFER's A-frame, for automated procurement, inventory management, and order processing; expanded sales and marketing initiatives; and strategic bolt-on acquisitions of distribution networks.

The picture below illustrates CosmoFarm's owned 29,000-square-foot headquarters and distribution facility in Athens.

Greg Siokas, CEO of Cosmos Health, stated: "We are delighted to report record revenue at CosmoFarm, set to exceed $52 million on an annualized basis. Since acquiring CosmoFarm, we have transformed it into a leading pharmaceutical wholesaler in Greece, now serving over 1,500 pharmacies and delivering excellence in the distribution of pharmaceuticals, OTC medications, and related products."

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