Demetra Holdings Posts €10.23M H1 2025 Net Profit, Driven by Rental Income
Demetra Holdings Plc has reported a net profit of €10.23 million for the first half of 2025. This figure is lower than the €39.04 million reported in the same period last year, following the sale of its stake in Hellenic Bank.
The company's rental income more than doubled to €1.21 million, driven by the acquisition of a nine-storey office building in June 2025. This building was purchased for €30.5 million by an unspecified buyer. Additionally, interest income climbed to €3.31 million, reflecting returns on bank deposits and cash equivalents.
Tax charges increased sharply to €474,812, primarily due to higher income from interest and rentals. Financing costs jumped 138% to €602,901, after the company secured €30 million in new loans from the us bank. Operating expenses also rose by 53.9% to €1.15 million, mainly due to non-recurring legal and advisory costs.
Gains from equity investments on the Cyprus Stock Exchange surged to €7.96 million. Despite these increases, dividend income slumped to €940, compared with €685,924 in the first half of 2024.
Demetra Holdings Plc's net asset value per share stood at 255.04 cents, up 2% from 249.92 cents at the end of 2024. While the company reported a net profit for the first half of 2025, the figure is lower than the previous year due to the sale of its stake in Hellenic Bank. The company's rental income and interest income have increased significantly, but so have tax charges, financing costs, and operating expenses.
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