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Demetra Holdings Plc Posts €132.5 Million Profit in 2024 Amid Strategic Execution and Economic Resilience

by THEFUTURE.TEAM

June 25, 2025

Robust Financial Results and Strategic Leadership

At its annual general meeting on June 24, Demetra Holdings Plc announced a profit of €132.5 million for 2024. Acting chairman Nearchos Ioannou acknowledged the unwavering support of shareholders, emphasizing that the company’s strong performance reflects years of disciplined execution and a strategic focus that has established it as the largest listed investment company on the regulated Cyprus Stock Exchange.

Steady Growth in a Volatile Global Environment

Ioannou detailed how Demetra maintained its upward momentum despite the ongoing global economic and geopolitical uncertainties. Focusing on the domestic economy, he noted that Cyprus posted one of the highest growth rates in the eurozone at 3.4 percent, driven primarily by a renaissance in tourism, vigorous domestic consumption, and expansive growth in the services and technology sectors.

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Macroeconomic Trends and Future Outlook

Highlighting other key economic indicators, Ioannou pointed out that inflation moderated to 2.2 percent and unemployment fell to 4.6 percent by the fourth quarter. A fiscal surplus of 4.3 percent also contributed to a reduction in public debt to 65 percent of GDP. Looking ahead, he forecast stable growth of around 3 percent in 2025, with inflation remaining near 2.2 percent. Strength in net exports, especially within the services sector, along with accelerated investment activity fueled by EU Recovery and Resilience funds, underpin the optimistic outlook.

Risks and Strategic Responses

Despite the positive trends, Ioannou cautioned against emerging challenges. Warnings from OECD and IMF regarding global growth deceleration and risks of an overheated domestic economy were acknowledged. Concerns about public spending pressures and elevated non-performing loans within credit-acquiring institutions also persist, potentially constraining domestic capital mobilisation. Additionally, the high concentration in the banking sector poses competitive challenges that require attention.

Investment Milestones and Future Development

Reviewing the company’s financial journey, Ioannou recounted the successful exit from a long-standing investment in Hellenic Bank—a decision that, over 12 years, yielded a compounded annual return of 19.7 percent. Although the profits reported in 2024 do not include realised gains, the sale of Hellenic Bank shares in February 2025 further bolstered the company’s financial profile. With net assets rising by 35.9 percent to €499.8 million, Demetra now stands on a robust footing to navigate its next phase of growth.

Maintaining Commitment to Long-Term Value Creation

In closing, Ioannou reaffirmed Demetra’s commitment to building long-term value. He stressed the necessity for adaptability, flexibility, and transparency in the face of ongoing global challenges, including geopolitical tensions, trade disruptions, and energy price volatility. As Demetra continues to refine its forward-planning and investment strategy, the company remains determined to support both consumer and business interests, underpinning its strategic vision for the future.

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Apple Surpasses Nvidia As Investors Reassess The True Cost Of The AI Boom

Apple Reclaims Title As World’s Most Valuable Company

Apple has overtaken Nvidia to become the world’s most valuable publicly traded company again, highlighting a shift in investor sentiment as markets reassess the costs and returns of the artificial intelligence boom.

Apple Regains The Top Spot

Apple (AAPL) ended Monday with a market capitalization of $4.95 trillion, surpassing Nvidia (NVDA), whose valuation fell 5% to $4.77 trillion. It was the first time since April 2025 that Apple closed a trading session ahead of the AI chipmaker.

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The move comes ahead of Apple’s quarterly earnings report on Thursday, which investors will closely watch for updates on the company’s AI strategy and broader business performance.

Investors Reassess AI Spending

Nvidia’s decline reflects a broader pullback in AI-related semiconductor stocks as investors increasingly scrutinize the returns on heavy infrastructure spending. The company had held the top valuation since June 2025, when it overtook Microsoft, and briefly surpassed a $5 trillion market capitalization in October.

At the same time, investor interest has broadened beyond graphics processing units to other parts of the AI supply chain, including memory and storage technologies that support expanding data center capacity. Companies such as Micron Technology (MU), SK Hynix and Sandisk (SNDK) have benefited from that shift as demand for AI-related memory and storage infrastructure continues to grow.

Apple’s Capital Strategy Draws Attention

Apple shares have gained 24% so far this year, compared with a 4% increase for Nvidia.

Investors have viewed Apple’s more measured AI spending strategy favorably. Rather than investing heavily in its own AI infrastructure, the company has relied more extensively on leased computing capacity, limiting capital expenditure while continuing to expand its AI capabilities.

The contrast comes as markets increasingly focus on how quickly large AI investments can generate sustainable financial returns.

Earnings In Focus

Apple’s earnings report could also provide an update on the impact of the global memory chip shortage, which has emerged as a growing challenge for hardware manufacturers.

The company raised prices for some Mac and iPad models in June, becoming one of the first major consumer technology companies to publicly reflect higher memory component costs.

Investors will be watching whether Apple can sustain its recent market outperformance as AI-related infrastructure costs continue to rise and supply constraints persist.