Cosmos Health's CosmoFarm Reaches Record Annualized Revenue Above $60 Million, Up 4.3x Under Cosmos Health Ownership, as Robotics and AI Build Capacity to Support Over $100 Million in Annualized Revenue
Key Highlights
- ➤Q2 2026 revenue exceeded $15 million, implying annualized revenue above $60 million
- ➤CosmoFarm annualized revenue exceeded $60 million, approximately 4.3 times fiscal 2017 sales
- ➤2026 letter of intent targets network generating approximately $11.5 million annual gross revenue
- ➤Robotics and AI capacity could support additional revenue of $40 million or more annually
- ➤Cosmos Health (COSM) targets 2029 revenue of $200.6 million and adjusted EBITDA of $44.2 million
Expert Statements
Greg Siokas, CEO of Cosmos Health
“When we acquired CosmoFarm, it supplied around 100 pharmacies a day. Today it supplies around 360 a day, within a network of more than 1,500, and operates at more than four times the revenue. We got here by winning pharmacies one by one and by acquiring the right regional networks in a market that is still highly fragmented, and the letter of intent we signed this year would be our largest acquisition yet.”
Greg Siokas, CEO of Cosmos Health
“What excites me most is the economics. Every pharmacy we add to an established route makes the whole network more profitable, and the robotics and AI we are deploying give us room to operate above $100 million in annualized revenue on infrastructure that is already in place or under way. CosmoFarm is our largest revenue contributor, the direct channel to market for our own higher-margin brands, and a cornerstone of our 2029 targets. We are just getting started.”
CHICAGO, IL / ACCESS Newswire / September 29, 2026 / Cosmos Health Inc. ("Cosmos Health" or the "Company") (NASDAQ:COSM), a diversified, vertically integrated global healthcare group, today provided an update on its wholly owned pharmaceutical distribution subsidiary, CosmoFarm S.A. ("CosmoFarm"), which delivered record revenue of over $15 million in the second quarter of 2026, representing an annualized revenue run-rate of over $60 million. (link) A Leading Pharmaceutical Distribution Platform
CosmoFarm is a fully licensed pharmaceutical wholesaler supplying pharmacies from its own distribution center in Peristeri, western Athens. Authorized by the National Organization for Medicines under Good Distribution Practices, it has built more than three decades of uninterrupted presence in the sector.
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