Keo Plc Reports €8.8M Profit For 2025 As Results Ease From 2024

by THEFUTURE.TEAM

April 29, 2026

Strong Financial Performance Amid A Changing Landscape

Keo Plc reported an operating profit of €8.8 million for the year ended December 31, 2025, according to audited results approved on April 29. The figure compares with €9.3 million in 2024. The difference reflects the absence of a non-recurring sales agreement that contributed to profit in the previous year.

Dividend Declaration And Profit Stability

The board approved an interim dividend of €3,796,000, corresponding to €0.09 per fully paid ordinary share. Despite the year-on-year change in profit, management indicated that the group’s financial position and operating performance remain stable.

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Operational Focus And Market Resilience

Turnover declined by 1.1% compared with 2024, also reflecting the absence of a one-off product sale recorded in the prior year. At the same time, the company maintained its position in the domestic market while operating in a competitive environment within the beverage sector.

Diversified Business Portfolio

Core activities include beer production, wine production, juice manufacturing, and bottling of natural mineral water for domestic and export markets. In parallel, the group is involved in the import and distribution of spirits and canned products, alongside investments in real estate and listed securities.

Governance And Strategic Outlook

Listed on the alternative market of the Cyprus Stock Exchange, the company applies elements of the Corporate Governance Code on a voluntary basis. No changes were reported in share capital, and no restrictions apply to shareholder voting rights. Management indicated that no significant changes are planned for the group’s activities in the upcoming period.

Looking Forward: Annual General Meeting

The board has invited shareholders to the annual general meeting scheduled for June 25, 2026, at 11:00 AM at the company’s registered office in Limassol. This meeting will serve as a platform to review past performance and outline strategic initiatives for the future.

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Cyprus And Greece Outline Joint Tourism Plans For Summer 2026

by THEFUTURE.TEAM

May 1, 2026

Strategic Partnership Enhances Tourism Prospects

The Cyprus Tourism Authority (EOT Cyprus) presented proposals for summer 2026 focused on strengthening tourism cooperation between Cyprus and Greece, with joint efforts aimed at attracting visitors from long-haul markets.

Greece: The Top Destination For Cypriot Travelers

At an event on April 28, Athena Spakouri, Director of EOT Cyprus, said Greece is expected to remain the main travel destination for Cypriot residents, with plans extending beyond established locations to include lesser-known regions. This approach reflects a broader effort to diversify travel options while maintaining strong demand between the two countries.

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Complementary Destinations, Unified Vision

Building on this, Spakouri noted that Cyprus and Greece offer complementary tourism experiences rather than competing directly. Joint programmes are therefore being positioned to attract visitors from markets such as the United States and China, while tourism activity continues to be assessed in the context of broader geopolitical developments.

Robust Air And Sea Connectivity

Supporting this cooperation, Konstantinos Kollias said around 600,000 Cypriots travelled to Greece in 2025. Frequent flights, short travel times, and ferry connections between Limassol and Piraeus continue to facilitate movement between the two countries and sustain travel flows.

Diverse Tourism Offerings for a New Era

Konstantinos Kollias highlighted that Greece’s tourism portfolio spans from traditional seaside holidays to sectors such as cultural, religious, gastronomic, agritourism, ecotourism, spa, conference, and medical tourism.

This range reflects the expansion of tourism offerings across different segments and travel preferences. In parallel, Joseph Iosif referred to Greece as a “second homeland” for Cypriot travellers, pointing to longstanding cultural and travel links between the two countries.

Innovative Programs And Strengthened Connections

Building on this approach, the EOT strategy includes initiatives focused on gastronomic routes, cultural trails, thematic and religious tourism, as well as curated city breaks in destinations such as Athens and Thessaloniki. These programmes were presented at the event alongside references to historical, cultural, and religious connections between Cyprus and Greece, including remarks from Bishop Gregorios of Mesaoria.

Boosting Air Connectivity And Island Accessibility

At the same time, airlines including Aegean Airlines, Sky Express, and Cyprus Airways outlined plans to expand connections between Cyprus and Greece, with a focus on increasing access to island destinations. The event also brought together stakeholders from the Deputy Ministry of Tourism, Hermes Airports, tour operators, and ACTAA, reflecting coordination across different parts of the tourism sector.

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