GAP Vassilopoulos reports 81.1% rise in first-half profit
GAP Vassilopoulos Public Ltd reported shareholder-attributable profit of €1.49 million for the first half of 2025, while revenue rose 1.61% to €35.89 million.
Nicosia, Cyprus. GAP Vassilopoulos Public Ltd reported an 81.1 per cent increase in profit attributable to shareholders in the first half of 2025, despite modest revenue growth, according to its interim management report.
Profit attributable to shareholders rose to €1.49 million in the six months ended June 30, 2025, from €821,746 in the corresponding period of 2024.
Financial results
Revenue increased by 1.61 per cent year on year to €35.89 million, compared with €35.32 million in the first half of 2024.
Earnings before interest, taxation, depreciation and amortisation rose by 20.5 per cent to €2.99 million, from €2.48 million.
Results after depreciation of fixed assets and leases, which are not cash outflows, increased to €2.32 million from €1.80 million.
Gross profit rose to €11.13 million from €11.10 million, while the gross profit margin remained unchanged at 31 per cent.
Report approval and operations
The company’s board approved the results at a meeting on September 14, 2026. The results had not been audited by the company’s external auditors.
GAP Vassilopoulos and its subsidiaries provide tourism, hotel, logistics, transport, money transfer and insurance services. The group said its main activities had not changed from those during the year ended December 31, 2024.
Management said its objectives include steady growth, strengthening overseas operations and maintaining and reinforcing the group’s leading position in its main business areas.
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