Lordos Hotels Achieves Remarkable Financial Turnaround In First Half 2025

by THEFUTURE.TEAM

September 25, 2025

Emerging From Losses

Lordos Hotels has delivered a significant financial turnaround in the first half of 2025, reporting a net profit of €605,800 compared to a loss of €236,800 in the same period last year. This shift underscores a robust recovery strategy and renewed investor confidence.

Impressive Earnings For Shareholders

Profits attributable to shareholders soared to €438,300 from €73,900 in the counterpart period of 2024, reflecting strategic operational improvements and enhanced management oversight during challenging market conditions.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Revenue and Profit Growth

Group revenues experienced an impressive 39% increase, reaching €10.9 million from €7.8 million. The resurgence was bolstered by the reopening of the Lordos Beach Hotel, which had undergone extensive renovations earlier in the year. Furthermore, gross profit climbed by 58% to €4.7 million, underlining the organization’s effective cost management and operational efficiency.

Operational and Financial Efficiency

Despite a 35% rise in administrative expenses to €3.5 million, the company mitigated cost pressures through a slight reduction in financial expenses, which decreased by 1.1% to €261,400. These metrics provide a clear picture of the company’s disciplined approach to balancing growth with cost control.

Optimistic Outlook

Buoyed by current data and favorable market forecasts, Lordos Hotels anticipates that its financial performance for the full year 2025 will surpass that of 2024. The positive trajectory marks a critical inflection point for the hospitality group as it positions itself for further success in a competitive sector.

The Future Forbes Realty Global Properties

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

Breaking news