Nicosia, Cyprus. Logicom Public Ltd said it expects a slight decrease in turnover in the first quarter of 2026 compared with the same period in 2025, citing deteriorating business conditions linked to conflict in the Gulf region.
Turnover outlook and drivers
The company said the anticipated decline is primarily attributed to the war conflict between the United States, Israel and Iran in the Gulf region, which it said has negatively affected the broader business environment.
Operating profit and profitability expectations
Despite the expected reduction in revenue, Logicom said operating profit from ordinary activities is projected to remain at approximately the same levels as in the previous year. It added that profitability excluding the results of Demetra Holdings Plc is also expected to remain broadly unchanged.
Uncertainty over post-tax profitability
The company said it cannot provide a safe estimate for final profitability after taxation at this stage due to a lack of available information on the expected results of Demetra Holdings Plc, which it said remains a controlled entity.
Next steps
Logicom said further announcements will be made once the required information becomes available, to provide greater clarity on overall financial performance.
What indicators will you watch in Logicom’s next update to assess its post-tax profitability outlook?
