Nicosia, Cyprus. Demetra Holdings Plc reported a sharp decline in profitability for the year ended December 31, 2025, with net profit after tax of €10.66 million for the group and €10.72 million for the company. The group’s profit fell from €132.46 million in 2024 to €10.66 million in 2025.
Profit decline and prior-year one-offs
The group’s profit for 2025 was €10.66 million, or 5.33 cents per share, down from €132.46 million, or 66.23 cents per share, in 2024. The decline was attributed to the inclusion in 2024 results of €40.32 million in profit contribution from Demetra’s stake in Hellenic Bank, recorded up to June 30, 2024, before Hellenic Bank was acquired by Eurobank.
Equity securities gains and Hellenic Bank reclassification
The 2024 results also included €93.61 million in gains from equity securities on the Cyprus Stock Exchange. These gains included €92.53 million related to shares in Hellenic Bank, which were reclassified on July 1, 2024 from investments in associates to financial assets at fair value through profit or loss.
Disposal of Hellenic Bank investment
The investment in Hellenic Bank was sold on February 10, 2025, with no additional gain recognised in 2025, as the total profit had already been recorded in previous years.
Net asset value and income components
Net asset value per share on a consolidated basis increased to 255.43 cents at the end of 2025 from 249.92 cents at the end of 2024, a 2.2 per cent increase. The group’s holdings in equity securities generated €5.41 million in profit in 2025, compared with €93.61 million in 2024.
Dividend income rose by 8.5 per cent to €0.99 million from €0.91 million in 2024. Interest income increased to €6.88 million from €0.25 million in 2024, driven by returns on bank deposits and cash equivalents following the disposal of the Hellenic Bank investment.
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