Vassilico Cement Reports €35.5 Million Profit Amid Construction Growth in Cyprus
Vassilico Cement achieved a net profit of €35.5 million in 2025, driven by a revenue increase of €152.75 million, reflecting an 11% year-on-year growth. The company's performance was bolstered by heightened domestic sales, particularly in the construction sector, and effective cost management strategies.
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In 2025, Vassilico Cement reported a net profit of €35.5 million, with total revenues of €152.75 million, an 11% increase from the previous year. The group's gross profit rose to €50.30 million, attributed to enhanced production efficiency and disciplined cost management, including improvements in electricity efficiency and the use of alternative fuels.
Domestic demand in Cyprus remained strong, supported by ongoing construction activities, while the company managed exports selectively. Looking forward, Vassilico remains focused on the impact of global energy market trends and evolving European climate policies, particularly regarding carbon pricing and the Carbon Border Adjustment Mechanism.
Additionally, the expansion of its photovoltaic park to 16MW aims to mitigate energy cost volatility, although challenges with power curtailments persist. The group continues to prioritize investments in alternative fuels and operational efficiency.
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