Profits down, dividends maintained: Cyprus cement industry year-end results

The Cyprus Cement Company has released its financial results for 2025, recording a slight decrease in profit amid tax changes.

The group's net profit amounted to €5.9 million compared to €6.1 million in 2024. The main reason for the decrease was the recognition of a deferred tax liability of €2.3 million. This is related to the increase in the corporate tax rate in Cyprus from 12.5% to 15%, which came into effect on January 1, 2026.

At the same time, the company's operational indicators demonstrate resilience. A significant contribution to the results was made by the associated structure — Vassiliko Cement Works Public Company Limited, whose share of profit grew to €8.9 million compared to €6.5 million a year earlier.

Separately, an increase in the company's own profit is noted — up to €6.1 million compared to €5.6 million in 2024. This is primarily due to an increase in dividend income from the associated company.

Despite the decrease in the group's total profit, the company continues to adhere to a stable dividend policy. In 2025, dividends totaling €5 million have already been paid to shareholders: €2.9 million in the summer and €2.1 million in November.

The Board of Directors has also proposed to approve an additional dividend distribution of €2.9 million (€0.02105 per share) based on the 2024–2025 results. The final decision will be made at the Annual General Meeting of shareholders.

Experts note that despite the pressure from tax changes, the company maintains financial stability and continues to generate income for investors.