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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.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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