Demetra Holdings reports lower first-half net profit for 2026
Demetra Holdings’ first-half net profit fell to €6.87 million as losses on equity investments offset stronger rental income and lower finance costs.
Nicosia, Cyprus. Demetra Holdings reported net profit after tax of €6.87 million for the first half of 2026, down from €10.22 million in the corresponding period of 2025. The result was affected by losses on equity investments, despite higher rental income and lower finance costs.
Interim results
The company’s board approved the interim condensed consolidated financial statements for the six months ended June 30, 2026, at a meeting earlier this week.
Net profit amounted to 3.45 cents per share, compared with 5.11 cents per share in the first half of 2025.
The company said the result was significantly affected by the recognition of €6.05 million in negative goodwill arising from the acquisition of a subsidiary during the period. Negative goodwill is recognised when the value of net assets acquired exceeds the purchase consideration paid for a business.
Assets and investments
Net asset value per share stood at 259.30 cents on June 30, 2026, up from 255.43 cents at the end of 2025, an increase of 1.5 per cent.
Demetra’s holdings in equity securities generated a loss of €2.18 million during the first half of the year, compared with a profit of €7.96 million in the same period of 2025.
Dividend income increased to €15,677 from €940 a year earlier.
Income from interest and property
Interest income fell by 4.6 per cent to €3.16 million, from €3.31 million in the first half of 2025, mainly because of lower interest rates during 2026.
The group’s real estate activities recorded stronger results, with net rental income rising by 31.2 per cent to €1.59 million, compared with €1.21 million in the corresponding period of 2025.
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