Nicosia, Cyprus. The Mall of Engomi (ME) Plc reported strong profitability for the year ended December 31, 2025, citing increased consumer activity, higher footfall and improved financial performance.
Profit and revenue performance
The Mall of Engomi recorded profit after tax of €5.96 million, up from €1.13 million in 2024, driven largely by fair value gains on investment property and higher revenues. Revenue increased to €4.51 million from €4.04 million, while operating profit rose to €7.85 million from €2.60 million in 2024.
Fair value gains and balance sheet
The operating result included a fair value gain on investment property of €4.82 million, compared with €0.23 million a year earlier. Total assets stood at €51.13 million at the end of 2025, up from €45.34 million in 2024, while net assets increased to €27.96 million from €22.00 million.
Operational developments and consumer trends
The company said its financial position, development and performance are considered satisfactory. It expanded its offering during 2025 by introducing additional food operators and entertainment options to enhance the tenant mix.
Tenant turnover increased by 15 per cent, indicating strong market conditions and higher consumer spending in the surrounding area. Foot traffic rose by 15 per cent, which the company linked to targeted marketing initiatives and new tenants.
Vacancy management
The company said limiting vacancies will remain critical to maximising the mall’s potential.
How do you think higher footfall and tenant turnover could affect the mall’s performance in 2026?