The Growth Fund achieved a significant organic value creation for the Greek economy of €700 million over the period 2022-2024, with a 14% increase in revenues, while for the same period it received €317 million in dividends and returned €186 million to the state. 

The CEO of the HGrowthfund, Grigoris D. Dimitriadis, said, "For the three-year period 2022-2024, our strategic decision was to transform Growthfund from a distanced shareholder into a reforming national investment fund, actively participating in our subsidiaries. We further strengthened the governance of our subsidiaries, improved their performance in partnership with our management teams, and laid the foundation for our transformation into the country's sovereign wealth fund (SWF). Priorities for 2025 include the transformation of the Growth Fund through the absorption of the SWF and the HFSF, while at the same time completing the creation of the new Investment Fund, through which additional private investment is expected to be mobilised, aligned with national strategic priorities."

In the year 2023, despite the reorganizations due to the transfer of the water companies (EYDAP-EYATH) to the Greek state, Growthfund's net profits amounted to €154.1 million, while in the last one and a half years (1.1.2023-30.6.2024) Growthfund made a profit of €213.7 million, which exceeds the total profits from its inception until 2022. In fact, it achieved the second-best return on its assets among eight major sovereign wealth funds. 

At the same time, it completed a number of non-financial targets at a discretionary level, including a 15% reduction in its carbon emissions index, a 27% increase in its citizen confidence index, a 25% increase in technology penetration, and launched employee engagement and customer satisfaction metrics. 

The success is also recognised internationally, as Growthfund bid for and won the hosting of the annual meeting of the International Forum of National Investment Funds (IFSWF) in 2026, when the heads of the largest SWFs—over 50—with a combined value of over $8 trillion will come to Athens in the autumn of 2026. The 2025 session will be hosted in Abu Dhabi and co-organised by the Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company. 

As an illustration, the progress of some subsidiaries in which the management of the Super Fund has made a change of management: 

The ADIA recorded a 23% increase in active leases, matured 770 new properties, completed 99 Tenders and is implementing a new philosophy in strategic properties (Vouliagmeni Beach, Palataki, Taekwondo, etc.). When the company was taken over by the State Treasury, it was loss-making but has now entered a path of profitability. Annual revenues are expected to approach €60m in 2024 (+59% compared to 2015), while equity is expected to exceed €1.1bn, up from €280.7m when it joined the Hypermarket. 

Under new management, Hellenic Post has started its recovery by focusing on three pillars: reducing operating costs, strengthening commercial activities and real estate development. In 2024, they achieved an €8m reduction in OPEX and a 5x EBITDA reduction compared to 2022. Within the year, a total of 21.2 million parcels will be handled (+11% growth vs. 2022). 

Athens Public Transport (OASA Group) continues to perform its social role as, despite a significant increase in energy costs, the ticket price is down from €1.40 in 2014—ten years later—to €1.2. The reorganisation of the group has started to bear fruit. Athens Public Transport has regained the public's trust by recording a 70% increase in boardings (2021-2024). The complete renewal of the fleet has been initiated by the Ministry of Infrastructure & Transport, with the cooperation of the OASA Group. New services have been added, such as the Tap 'n Pay system for contactless transactions, and major interventions are being made to better serve the disabled. 

The HRADF realised revenues of €5.2 billion by utilising assets for the privatisation program. Very important was the creation of the Strategic Procurement Facility (PPF), designed and staffed by Growthfund. The unit manages projects worth €8 billion and has helped to successfully conduct a number of tenders for the benefit of the public sector. 

GAIAOSE is generating its highest revenues since its inception, having exceeded €20m/year in the last 3 years. The company's net position since joining the Ypertaemios Group has tripled and reached €234 million in 2023 compared to €75 million. Its prospects are positive, while the new management, through a structured plan, focuses on railway real estate and the creation of logistics centres that will change the country's freight capabilities.

Along with the financial improvement, a strong focus has been given to strategic projects. In the three-year period 2022-2024, the Hyperfund completed the concession of Kalamata Airport and "unlocked" the TIF Redevelopment project in cooperation with the company's management and stakeholders with the aim of starting the tender process immediately. At AEDIK, preparations for the development of real estate have begun; feasibility studies for the creation of a single national market are progressing at OkaA and KATH, while preparations are underway for the entry of a strategic investor in Hellenic Salt Works. 

In the Strategic Plan 2025-2027, which is currently being approved by the Ministry of Economy and Finance, Growthfund's core mission remains to maximise the value and social footprint of its portfolio. In practice, it includes: 

• Athens Public Transport to be the preferred means of transport for Athenians, providing modern services with a renewed fleet.
• The ELTA has evolved into a modern courier organisation and a key pole of support for the small and medium-sized economy.
• The EBRD has completed the work of recording 36 000 registrations, valuing 6 000 properties, and maturing 1 000 properties.
• The TIF has started the implementation of the redevelopment plan.
• The GAIAOSE has launched the shopping Centres at the former Gonou Camp and at Thriasio.
  Also, complete the attraction of a strategic investor for Hellenic Salt Flats and launch the development plan for Kalamata airport.
• Finally, the New Investment Fund should have proceeded to the completion of the first investments, having generated direct & indirect investments with multiple effects on the Greek economy and new jobs.