The Mall of Cyprus first-half profit rises 25.5% in 2026
Higher income from commercial space and lower finance costs lifted first-half profit to €5.96 million, while the company’s cash position strengthened.
Nicosia, Cyprus. The Mall of Cyprus (MC) Plc reported a 25.5 per cent rise in profit after tax to €5.96 million in the first half of 2026, from €4.75m a year earlier. Higher income from commercial space and lower finance costs supported the increase, while its cash position also strengthened.
Commercial space income
According to unaudited interim financial statements for the six months ended June 30, 2026, filed through the Cyprus Stock Exchange’s official disclosure system, revenue from rights for the use of space and other income rose by almost 8 per cent to €10.39m, from €9.63m in the corresponding period of 2025.
The increase was driven mainly by income from the mall’s commercial spaces. Minimum licence fees rose to €7.75m from €7.34m, and additional licence fees increased to €185,118 from €151,837. Licence fees linked to common-area contributions rose to €711,979 from €700,806, while turnover-related licence fees increased to €173,486 from €152,951.
Overall licence-fee income reached €8.28m, up from €7.82m a year earlier. Income from recharged utilities and other recoveries rose to €2.11m from €1.81m. Other operating income, including advertising, car parking and electricity income, increased to €720,982 from €453,481.
Costs and operating profit
Operating profit rose by around 17 per cent to €8.68m, from €7.42m. Administration and other operating expenses increased to €2.75m from €2.58m, with property management, maintenance and utility costs accounting for around €2.25m of the total.
Net finance costs fell to €2.17m from €2.24m a year earlier.
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