Cosmos Health Inc

cosmosholdingsinc.com

What Do They Do?

Distributes pharmaceuticals and other healthcare products to pharmacies, hospitals, clinics and wholesale distributors.

How Do They Make Money?

The company sells wholesale medicines and its own branded nutraceutical and pharmaceutical products; sales are counted at a single point when it issues the invoice.

revenue

Segment	Share	How money arrives
Other	0.0%
Wholesale Sold outright	91%	Sold outright
Pharma manufacturing	2.6%
Nutraceuticals and Pharmaceuticals Sold outright	6.5%	Sold outright

Who Are Their Customers?

The subsidiaries sell directly to pharmacies and a limited number of large wholesale drug distributors; distributors then supply other wholesalers, hospitals, pharmacies and government agencies across the EU.

Do Revenues Turn Into Profits?

No. It lost $19.1M in FY2025.

Operating income, FY2025

−26% of revenue

▲ +7% (Loss) vs FY2024 (−$15.5M, −29%)

Net income, FY2025

−29% of revenue

▲ +18% (Loss) vs FY2024 (−$16.2M, −30%)

Free cash flow, FY2025

−13% of revenue

▲ +5% (Loss) vs FY2024 (−$8.1M, −15%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +29%; vs $14.7M in Q2 FY2025
Net income: ▲ +115% (Loss); vs −$2.8M in Q2 FY2025

Growing. Revenue grew 16% in 4 years, from $56.2M in FY2021 to $65.3M in FY2025, about 4% a year.

Broader healthcare activities The earlier description centers on pharmaceutical distribution and the company's own nutraceutical line; the current description also includes pharmaceutical manufacturing, medicine research and drug repurposing, and telehealth.

Revenue over time

Other Wholesale Pharma manufacturing Nutraceuticals and Pharmaceuticals

$100M$50M$0

FY2023 FY2024 FY2025

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