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Enhancing Accountability And Gender Parity In The Energy Sector

Strong Leadership And Clear Vision

Josie Christodoulou called on energy sector leaders to strengthen accountability and decision-making processes during EGYPES 2026. Speaking in Cairo, she said women’s participation in decision-making remains a factor in governance and sector performance.

Driving Innovation Through Empowered Teams

During the session “The Power Of Accountability And Action Centred Leadership,” part of the Leadership and Development stream, Christodoulou outlined the role of accountability, clear decision-making, and timely execution in organisational performance. She said increased female representation in leadership positions can support decision-making and contribute to responses to energy and climate challenges.

Addressing Gender Disparities In The Sector

Christodoulou referred to the continued underrepresentation of women in the energy sector, including in senior roles, and noted that pay differences remain an issue. She called for measures aimed at improving participation and representation across the industry.

Industry Leaders And Collaborative Dialogues

The session also featured Hany Esmat and Mavis Anagboso, who discussed leadership practices and workforce development in the energy sector. Their participation reflected broader industry engagement with governance and organisational challenges.

EGYPES 2026: A Nexus For Energy Transformation

The event took place from March 30 to April 1 at the Egypt International Exhibition Center in Cairo and brought together more than 2,200 delegates and 350 speakers. The programme included 94 sessions, two roundtables, and two specialised conferences focused on regional energy developments.

Strategic Engagements And Future Directions

On the sidelines, Christodoulou held meetings with Poly Ioannou, Amal Amar, and Marwa Allam El Din. Discussions focused on gender representation, cooperation, and regional initiatives, including the EmpowerMed Women network of the East Mediterranean Gas Forum.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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