Growth amid expenses: K. Kythreotis Holdings increased profit in 2025
K. Kythreotis Holdings recorded a 16.6% increase in profit for 2025, despite a notable rise in expenses. The group's net profit reached €2.2 million, increasing by €308.5 thousand compared to 2024.
The main driver of growth was an increase in revenue, which grew by 12.1% — from €22.1 million to €24.8 million. The positive dynamic was ensured by higher sales in the ready-mixed concrete and mining segments. Gross profit also grew significantly — by 20.8%, reaching €4.3 million, thanks to economies of scale and increased sales volumes.
An additional contribution to the final result was made by the revaluation of investment property at fair value, which allowed for a substantial increase in other income. However, financial performance was accompanied by rising costs: administrative expenses increased by 46.6% due to fines, and selling expenses nearly doubled, mainly due to asset impairment.
Despite pressure from expenses, the company managed to maintain a positive dynamic, which was also supported by a decrease in financial costs.
You may also be interested in:
- Ecofin in Brussels: EU strengthens fight against tax violations and discusses economic security
- Cyprus budget surplus declines in first quarter of 2026 amid rising spending
- Cypriot scientist Kyriacos Athanasiou elected to prestigious American Academy
- The fate of the energy bridge in question: The European Investment Bank's decision will determine the project's future

