Nicosia, Cyprus. Vassilico Cement Works Public Company Ltd reported higher profit and revenue for 2025, citing stronger domestic demand and improved production efficiency.
Profit and revenue performance
Net profit reached €35.52 million for the group and €34.99 million for the company. The group recorded revenues of €152.75 million, while the company posted revenues of €152.66 million, an 11 per cent increase year-on-year.
Drivers of growth and profitability
The company said revenue growth was primarily driven by higher domestic sales volumes, supported by stronger activity in Cyprus’ construction sector. Gross profit rose to €50.30 million for the group and €50.21 million for the company, compared with €42.49 million in 2024.
Efficiency measures and cost management
The company attributed the gross profit increase to gains in production efficiency and disciplined cost management, including enhanced electricity efficiency and increased use of alternative fuels. It said these initiatives contributed to lower unit production costs and supported the group’s environmental strategy.
Market conditions and outlook factors
Executive Chairman Antonis Antoniou said domestic demand remained strong throughout the year, underpinned by sustained construction activity across Cyprus. He said the group focused on the local market and operated with optimum production volumes, while exports were managed on a targeted basis, and added that macroeconomic conditions in Cyprus remained supportive during the year. Antoniou said 2025 included improved activity in the local construction sector, while regulatory developments for environmental targets at European level and ongoing geopolitical uncertainty continued to shape industry conditions.
What factors do you think will most affect Cyprus’ cement industry performance in the coming year?
