Agros Development Company Proodos expects lower first-half operating profit

Agros, Cyprus. Agros Development Company Proodos Public Ltd said this week it expects a significant divergence in its financial performance for the first half of 2026 compared with the same period in 2025. Based on unaudited financial data, the company anticipates a reduction in operating profit before interest, taxes, depreciation and amortisation.

Higher expenses at Rodon Hotel

The company said the main reason for the expected decline is an increase in operating and administrative expenses related to the Rodon Hotel, the firm’s principal asset.

Cost pressures in the first half

The company identified several factors behind the higher costs in the first half of 2026, including a provision for a thirteenth-month salary, higher energy costs, and increased spending on maintenance and repairs compared with the same period in 2025.