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Petrolina Profit Rises To €8.3M In 2025, Dividend Proposed

Robust Financial Performance

Petrolina (Holdings) Public Limited reported consolidated profit after tax of €8,300,087 for the year ended December 31, 2025, compared with €2,725,272 in 2024, indicating a higher level of profitability year on year. At the same time, profit before tax reached €8,726,827, up from €3,070,903 in the previous year, according to the consolidated management report.

Dividend Policy And Shareholder Returns

Following this performance, the board proposed a final dividend of 2.0 cents per share, corresponding to a 5.88% payout, in addition to interim dividends of 1.0 cents and 1.2 cents paid in November and December 2025. Approval of the dividend remains subject to the upcoming annual general meeting.

Strategic Expansion And Market Diversification

Operations include 95 service stations in Cyprus and 223 in Greece through the subsidiary Silk Oil, indicating the group’s presence across both markets. Expansion continued with the acquisition of ExxonMobil Cyprus Limited on January 30, 2026, which was subsequently renamed eWise Cyprus Ltd and allows Petrolina to supply Esso-branded products in Cyprus.

Commitment To Innovation And Renewable Energy

Alongside its core operations, the company is expanding into renewable energy through the rollout of electric vehicle charging stations under the “pcharge” brand. Infrastructure developments include a new station in Frenaros, upgrades to point-of-sale systems, and the relocation of fuel storage and LPG facilities to Vassiliko.

Managing Geopolitical And Market Challenges

External conditions continue to affect operations, particularly developments in the Middle East and disruptions in energy supply routes such as the Strait of Hormuz. In response, sourcing has shifted toward Greek refineries and partners in the Eastern Mediterranean, while trade measures introduced in 2025 have increased costs related to imports, financing, and inventory.

Looking Ahead

The results combine higher profitability with continued expansion across operations and infrastructure. At the same time, sourcing adjustments and cost pressures reflect current conditions in energy markets and international trade.

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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