Nicosia, Cyprus. Lordos Hotels (Holdings) Public Ltd said its results for the first half of 2026 are expected to be lower than in the same period last year, citing lower occupancy rates at its hotel units amid geopolitical tensions in the Middle East affecting Cyprus’ tourism sector.
First-half outlook
The listed hotel group said the weaker performance reflects pressure on parts of the industry as regional instability weighs on travel demand.
“The results for the first half of 2026 are expected to be lower compared to those for the same period last year,” the company said, citing “lower occupancy rates at the group’s hotel units as a result of geopolitical tensions in the Middle East and their impact on Cyprus’s tourism sector.”
Comparison with 2025
The update follows a stronger performance in 2025, when Lordos Hotels benefited from higher occupancy levels and increased revenue per room across its properties.
Dividend approval and trading dates
At the company’s annual general meeting held on Wednesday, June 24, shareholders approved the payment of a dividend of €0.04 per share, in line with the board of directors’ proposal.
The dividend corresponds to 11.76 per cent of the nominal value of the share.
According to the company, the proposed record date is Monday, July 6, and will include transactions finalised by the end of the trading session on Thursday, July 2.
The company’s shares will trade cum dividend until July 2 and ex-dividend from Friday, July 3.
Eligible beneficiaries will also include investors whose off-floor transactions are finalised and entered in the Dematerialised Securities System by the proposed record date.
The proposed dividend payment date has been set for Wednesday, July 15, although the exact date will be confirmed in a separate announcement.
