Nicosia, Cyprus. Kythreotis Holdings said its results for the first half of 2026 are expected to be significantly lower than in the same period of 2025, citing poor weather conditions and higher fuel costs. The company said unusually rainy weather reduced revenue in the first months of the year, while international energy prices increased operating costs.
First-half outlook
In an announcement, the construction material producer said the weaker performance was mainly due to a decline in revenue during the opening months of 2026. It attributed this to unusually rainy weather conditions that affected activity.
The group also said higher fuel costs, linked to international energy prices, had an adverse effect on its performance.
Comparison with previous year
The warning follows a stronger first half in 2025, when Kythreotis reported higher profit supported by increased income from its ready-mix concrete operations.
Dividend approval and trading dates
At the company’s annual general meeting on June 25, 2026, shareholders approved the payment of a dividend of €0.027 per share, equal to 15.9 per cent of the nominal value of the share, following a proposal by the board of directors.
The proposed record date was set for July 10, 2026. The company said the record will include transactions carried out until the end of the trading session on July 8, 2026.
Kythreotis shares will trade cum-dividend until July 8, while from the start of trading on July 9 they will trade ex-dividend.
Beneficiaries will also include investors who receive shares through off-floor transactions finalised and entered in the dematerialised securities system by the proposed record date.
The proposed dividend payment date was set for July 22, 2026, while the exact date for posting the dividend will be announced later.
Annual general meeting attendance
The annual general meeting was attended by seven shareholders in person and 10 by proxy, representing 84.86 per cent of the company’s issued shares.
