Nicosia, Cyprus. Leptos Calypso Hotels Public Limited reported higher revenues and operating profits in 2025 and reduced its borrowing, according to its annual financial report. The group described its performance for the year as particularly satisfactory.
Revenue and operating profit
The group’s revenues rose by €4.7 million, while company revenues increased by €4.15 million. Operating profit climbed by 54 per cent at group level and 81 per cent at company level.
The report said the improvement was mainly driven by the group’s successful commercial policy and the continued upgrade of services across its hotel units.
Borrowing and capital structure
The group reduced its borrowing by €6.36 million, bringing total debt down to €46.79 million from €53.16 million a year earlier. The ratio of borrowing to total capital employed fell from 40 per cent to 32 per cent.
Leptos Calypso Hotels said that while the financial position, development and performance of both the group and the company are considered satisfactory, management continues to take steps to further improve results.
Earnings and profits
Earnings before interest, tax, depreciation and amortisation rose by 29 per cent to €10.94 million, compared with €8.48 million in 2024. The figure does not include the share of profit from Rosethorn Limited and Orchord Corporation Ltd, which are presented using the equity method.
Profit before tax increased to €6.66 million for the group, from €2.97 million in 2024. For the company, profit before tax rose to €5.3 million, compared with €1.7 million the previous year.
Profit after tax increased to €5.46 million at group level, up from €3.25 million in 2024. At company level, profit after tax rose to €4.47 million, compared with €2.32 million a year earlier.
Operating environment
The group said Cyprus’ economy and particularly the tourism sector continue to be affected by the war in Ukraine, as well as recent developments in the Middle East, Israel and Iran.
Tourism from Russia and Ukraine remained almost non-existent because of the lack of flights. The wars in Ukraine, Israel and Iran have also affected energy prices, disrupted supply chains and contributed to inflationary pressures, higher raw material prices and increased borrowing costs.
What do you consider the most important factor behind the group’s improved results in 2025?
