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Cyprus Stock Exchange Extends Suspension Amid Financial Disclosure Concerns

Regulatory Oversight and Enforcement

The Cyprus Stock Exchange (CSE) has announced the extension of the trading suspension for Toxotis Investments Public Ltd, A. Tsokkos Hotels Public Ltd, and Dome Investments Public Company Ltd. The decision, taken by the Cyprus Securities and Exchange Commission (CySEC), reinforces its commitment to market integrity and investor protection.

Compliance Imperatives and Deadlines

CySEC has mandated that trading in the shares of the aforementioned companies on the CSE remains suspended from October 2, 2025, until the firms fulfill their financial reporting obligations, with a firm deadline set for November 28, 2025. Failure to comply by this date will result in a continued suspension until the required disclosures, particularly the outstanding financial information, are published.

Missed Financial Reporting Obligations

Toxotis Investments Public Ltd, for instance, has yet to publish its annual financial report for the fiscal year ended December 31, 2023, as well as its interim report for the period ending June 30, 2024, and its annual report for the year ending December 31, 2024. Similarly, both A. Tsokkos Hotels Public Ltd and Dome Investments Public Company Ltd have not provided the necessary annual reports for 2024.

Implications for Market Integrity

The suspension underscores the critical role of regulatory bodies like CySEC in enforcing transparency and accountability. This action serves as a stark reminder to listed companies of the importance of timely and comprehensive financial disclosures in preserving investor trust and sustaining market confidence.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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