Vassilico Cement Works reports 2025 financial results

Vassilico Cement Works Public Company Ltd announced its 2025 financial results, showing significant growth. The group reported a net profit of €35.52 million, while the company reached €34.99 million. Group revenue rose to €152.75 million, marking an 11% year-on-year increase. The Board of Directors has proposed a dividend of €16.5 million for the annual general meeting. Gross profit grew to €50.30 million for the group and €50.21 million for the company, compared to €42.49 million in 2024. Executive Chairman Antonis Antoniou attributed the performance to strong domestic demand in the Cypriot construction sector and improved production efficiency. The company noted that increased use of alternative fuels and enhanced electricity efficiency were key factors in reducing unit production costs. These measures are part of the group's ongoing environmental strategy to meet European regulatory requirements.