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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.

Clive Owen Films Scorpion In Cyprus In One Of The Island’s Biggest Productions

Cyprus Secures Another High-Profile Production

Oscar-nominated British actor Clive Owen is filming Scorpion in Cyprus, a new action thriller from Copper Island that is understood to have one of the highest daily production budgets ever recorded for a film shoot on the island.

Filming began in Cyprus on July 6 and is scheduled to conclude later this month in Bulgaria. The production marks another high-profile international project to choose Cyprus as a filming location.

A Cast Built For International Sales

Alongside Owen, the film stars Alex Pettyfer (Magic Mike, The Butler, The Ministry of Ungentlemanly Warfare) and Reda Elazouar (Sex Education, The Family Plan). The cast also includes Ronan Summers, Jake Ryan, Mark Rhino Smith, Joey Ansah, Alex Cooke and Luke Bouchier.

The screenplay is by Richard Hughes and Bennett Fisher. Copper Island’s Matt Murphy, David Mansfield and Luke Bouchier are producing, while WestEnd Films is handling international sales. The company is expected to present the first footage at the Toronto International Film Festival in September.

A Survival Thriller

Scorpion follows Jason, a rookie police officer assigned to an elite special operations unit made up of Afghanistan war veterans. After arriving at an isolated farmhouse, the team is cut off from the outside world and given an ultimatum: every 30 minutes one member will die unless someone reveals the truth about a covert military operation carried out years earlier.

Cyprus’ Role In The Production

The production credited the Cyprus Film Commission for its support, with Copper Island founder Matt Murphy thanking both the commission and the local crew.

Owen also praised the experience of filming in Cyprus, describing the local crew as highly professional and highlighting the island’s diverse filming locations.

Copper Island Expands Its International Portfolio

Limassol-based Copper Island has worked on several international productions, including The Leader, which premiered at Tribeca, as well as Gus Van Sant’s Dead Man’s Wire and Ron Howard’s Eden.

The company is also supporting Cypriot productions, including Apart by Stelana Kliridou and The Well by Marios Piperides, which is completing post-production in Limassol.

Matt Murphy is also serving as executive producer of the upcoming Anxious People, starring Angelina Jolie.

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