Cyprus Cement first-half profit rises to €5.4 million
A higher contribution from associate Vassiliko Cement Works lifted Cyprus Cement’s profit in the first half of 2026.
Nicosia, Cyprus. Cyprus Cement Public Company reported a net profit of €5.4 million for the six months to June 30, up from €4.64 million a year earlier. The increase was driven mainly by a higher share of profit from associate Vassiliko Cement Works.
First-half results
Cyprus Cement’s share of profit from Vassiliko Cement Works rose to €5.9 million from €4.9 million in the corresponding period of 2025. Basic earnings per share increased to 3.94 cents from 3.38 cents, while the company’s income rose to €207,000 from €193,000.
The company’s board approved the interim condensed consolidated financial statements for the first half of 2026 on September 28. The board meeting had been announced at the end of August.
Outlook
Cyprus Cement is primarily involved in land development and exploitation and strategic investments, rather than operating solely as a cement producer. Its investment in Vassiliko remains a major contributor to group earnings.
The company said market uncertainties could cause its full-year results to fluctuate, making the outcome for 2026 difficult to predict. In 2025, it reported a full-year net profit of €5.94 million, including an €8.99 million share of profit from Vassiliko.
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