The Board of Directors of The Cyprus Cement Public Company Ltd, at its meeting held on 29 April 2026, resolved as follows:
(a) Approval of Financial Statements
The Board of Directors approved the Annual Report and Financial Statements of the Company for the year ended 31 December 2025.
The Group’s net profit for the year ended 31 December 2025 amounted to €5.944 thousand, compared to €6.148 thousand in 2024. The share of profit from the associate company, Vasiliko Cement Works Public Company Limited, increased to €8.988 thousand, compared to €6.548 thousand in 2024.
The decrease in the Group’s profitability is attributed to the recognition of a deferred tax charge of €2.306 thousand, which arose from the remeasurement of deferred tax liabilities following a change in the income tax rate from 12.50% to 15%, effective from 1 January 2026.
The Annual Report and Financial Statements are attached in electronic format, in accordance with the European Single Electronic Format (“ESEF”).
The Annual Report and Financial Statements will also be available:
- At the Company’s Registered Office, at 197 Makarios III Avenue, 3030 Limassol.
- On the Group’s website: www.galatariotisgroup.com, under the section “Investor Relations/Announcements”.
(b) Proposal for Dividend Distribution
The Board of Directors has resolved to submit a proposal to the Annual General Meeting of Shareholders for the approval of a dividend distribution amounting to €2.887.500, which corresponds to €0,02105 per share, out of profits of the years 2024 and 2025. The dividend per share is calculated after considering the own shares acquired from the Company’s share buyback program.
Subject to approval by the Annual General Meeting, the dividend will be paid to shareholders registered in the records of the Cyprus Stock Exchange (CSE) on 1st July 2026 (Record Date).
Important dates:
- Last Cum Date (last trading day with dividend entitlement): 29 June 2026.
- Ex-dividend Date: 30 June 2026
- Investors who will hold shares through an off-exchange transfer will also be entitled to the dividend, provided that the transfer is completed by the record date (1 July 2026).
- Dividend Payment Date: by Monday, 27 July 2026.
(c) Convening of Annual General Meeting
It has been decided that the Annual General Meeting of the Company’s Shareholders, for the approval of the Annual Report and Financial Statements for the year 2025, will be held on Thursday, 18 June 2026, at 11:30 a.m., at the Parklane, a Luxury Collection Resort & Spa, in Limassol.
(d) Convening of Extraordinary General Meeting
It has been decided that an Extraordinary General Meeting of the Company’s shareholders will be convened at the Parklane, a Luxury Collection Resort & Spa, in Limassol, on Thursday, 18 June 2026, immediately following the conclusion of the Annual General Meeting, to consider and, if deemed appropriate, approve the following Special Resolution:
«SPECIAL RESOLUTION
- That the Board of Directors of the Company is authorised to acquire shares of the Company within a period of 12 months from the date of passing this resolution at the Extraordinary General Meeting.
- That the maximum number of shares that will be acquired at any time cannot exceed 10% of the issued share capital or 25% of the average of the value of transactions that were executed at the CSE during the last thirty days prior to the purchase of such shares whichever is the smaller.
- That the shares acquired will be held for a period of 24 months or less at the discretion of the Board of Directors.
- That the purchase price of fully paid shares cannot exceed 5% of the average purchase price of the shares during the last five working days before the execution of such purchase of shares and will be paid out of realised and not distributed profits of the Company.
- That the Secretary of the Company is authorised to take all necessary steps for the implementation of the above resolutions of the Company».
C.C.C. Secretarial Ltd
Secretary
Limassol, 30th April 2026
Attachment: