Breaking news

Keo Plc’s H1 2025 Results: Profit Levels Adjust Amid Consistent Operations

Stable Business Model Underpins Performance

Cypriot beverage giant Keo Plc reported a net profit of €3.23 million in the first half of 2025, a slight decline from €3.529 million recorded during the same period in 2024. The company continues to focus on its core operations—vinification, beer and juice production, and the bottling of natural mineral water—which are distributed both domestically and internationally.

Revenue Contraction Driven by Export Volatility

The group’s turnover decreased to €33.395 million from €35.468 million year-over-year, reflecting a 5.84% decline. This reduction was primarily attributed to a non-recurring export agreement that bolstered revenues in the previous period. Gross profit experienced a modest dip as well, though the gross profit margin improved marginally from 33.4% in 2024 to 33.9% in 2025.

Operational Adjustments and Fiscal Outcomes

Operating profit fell to €2.925 million, down from €3.487 million, mirroring the decrease in turnover. Profit before tax also dropped to €3.644 million from €4.108 million, while taxation expenses were streamlined to €414,000 from €579,000. Despite these figures, Keo Plc confirmed that there were no significant changes in its overall risk profile, as outlined in the 2024 annual report.

Commitment to Transparent Financial Reporting

The interim consolidated financial statements for H1 2025 were prepared in accordance with International Accounting Standard 34 and the Securities and Stock Exchange Laws. It is important to note that these statements have not been audited by the company’s external auditors, reflecting their preliminary nature during this transitional reporting period.

Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

Aretilaw firm
Uol
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter