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Cyprus Road Freight Transport Sees Incremental Growth in Q1 2025

The latest figures released by the statistical service reveal that Cyprus experienced a modest 0.2 percent increase in the total weight of goods transported by road during the first quarter of 2025 compared to the same period in 2024.

Domestic Freight Activity

Analysis of the data indicates that road freight transport within Cyprus has maintained steady momentum. The statistical survey, designed to collect detailed data on the carriage of goods by road, focuses exclusively on vehicles registered in Cyprus at the Department of Road Transport. The survey employs a rigorous sampling method based on load capacity and transport type, ensuring that the findings accurately reflect the national landscape.

Robust International Performance

In contrast to the overall domestic activity, freight movement from and to Cyprus recorded a significant surge of 6.4 percent over the similar quarter in the previous year. This marked increase underscores the evolving dynamics of international trade and logistics in the region, highlighting an expanding role for Cyprus in connecting regional and global markets.

Methodological Rigor

The comprehensive survey covers all 52 weeks of the year, capturing fluctuations in both domestic and international freight flows. The dataset is segmented into nine distinct strata based on vehicle load capacity (exceeding 3 tonnes) and the type of operation—whether hire, reward, or own account. Such methodical stratification ensures that policymakers, investors, and industry stakeholders receive an in-depth view of current economic activity and transport demand.

These insights are crucial for strategic planning in infrastructure development and logistics optimization, and they provide a clear indicator of evolving market trends in Cyprus’s freight transport sector.

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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