May 2026
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Largest Public Companies in Cyprus
Benchmark revenue and EBITDA valuation multiples for public comps like
Bank of Cyprus, Premier Energy, ASBIS, Vassilico Cement Works and Demetra Holdings.
 | Bank of Cyprus Holdings PLC along with its subsidiary companies involve the provision of banking, financial, and insurance services and the management and disposal of property predominately acquired in exchange for debt. The Group’s activities are mainly concentrated in Cyprus. | $10 | +49% | $4B | $4B | 3.4x | — | ||
| Premier Energy PLC is a vertically integrated energy and power infrastructure company that provides a suite of services to renewable energy producers, including forecasting, balancing, dispatching of the electricity generated by owned and managed renewable production plants. Its focus is on renewable energy, natural gas distribution, and electricity provision, It is a driving force in the energy sector across Romania and Moldova. | $12 | +177% | $2B | $2B | 0.9x | 8.8x | ||
| Asbisc Enterprises PLC engaged in the activity of the Group and the Company continues to be the trading and distribution of computer hardware and software. The company operates in four principal geographical areas - The former Soviet Union, Central Eastern Europe, Western Europe, and the Middle East and Africa. | $19 | +203% | $1B | $1B | 0.3x | 9.7x | ||
| Vassilico Cement Works PCL is a company that produces clinker and cement, which are then sold in both local and international markets. The company is responsible for managing requests related to the extraction of raw materials, which are exclusively used for cement production. The majority of the company's revenue comes from the sale of cement products in the domestic market. | $6 | +22% | $422M | $382M | 2.1x | 5.6x | ||
| Demetra Holdings PLC operates in three main business sectors: participations in equity securities and other transferable securities and financial assets, development and management of real estate, and participation in other projects. The group operates in the following geographical segments: Cyprus, Eurozone Member States, Romania and Bulgaria. | $2 | -5% | $354M | ($144M) | (7.7x) | (10.0x) | ||
| Logicom Public Ltd is engaged in the distribution of technology products and services. In addition, it is also involved in the provision of integrated information technology networking, telecom, and business software solutions, and the execution of infrastructure projects in the areas of water, power, and gas. The company operates through two segments namely the Distribution segment and the Services segment. The Distribution segment includes the distribution of its technology products in the European, United Arab Emirates, and Saudi Arabia markets. The Services segment operates in the provision of solutions and services for networks and telecommunications, and software to customers in Cyprus and abroad. | $4 | -24% | $260M | ($148M) | (0.1x) | (1.9x) | ||
| KEFI Gold and Copper PLC is an exploration and development company with a focus on gold and copper. Its principal activities include the exploration of mineral deposits of precious base metals and other minerals that are capable of commercial exploitation, including topographical, geological, geochemical, and geophysical studies and exploratory drilling. It focuses on the Arabian-Nubian Shield and operates through the Mineral Exploration and Corporate segments. It has operations in Saudi Arabia, Ethiopia, Cyprus, Turkey, and Bulgaria. Its projects include the Tulu Kapi project, Jibal Qutman EL, and Hawiah EL. | $0 | +107% | $215M | $214M | — | (56.9x) | ||
| Petrolina (Holdings) Public Ltd is an oil company engaged in importing and marketing petroleum, gas, and lubricants. The company is engaged in the import and trading of light petroleum products, import and trading of heavy petroleum products, the import and trading of motor oils and lubricants, and the refueling of aircraft. | $1 | +21% | $122M | $350M | 0.5x | 10.6x | ||
| Atlantic Insurance Co Public Ltd is an insurance company based in Cyprus. The company's operating segment includes general Insurance and Financial Services. It generates maximum revenue in the form of Premiums from the Insurance segment. The company offers undertaking of insurance business of the classes such as Motor, Household, Fire and Special Perils, Burglary, Medical, Personal Accident, Health Insurance, Travel, and Marine Cargo and other Property Damage, General Liability, Credit and Guarantees and miscellaneous, general business, the possession of land with the intention of its division into plots and their disposal and the provision of financial consultancy and brokerage services. | $3 | +5% | $113M | $111M | 2.8x | — | ||
| KEO PLC is engaged in Wine making and Brewing business. The company markets a wide variety of alcoholic and non-alcoholic products locally and in over thirty countries worldwide. It operates six trading divisions: Beer, Wines, Spirits, Water, Juices & Soft drinks and Canned Food. | $3 | +2% | $113M | $110M | 1.3x | 5.3x | ||
| Pandora Investments Public Ltd is engaged in the development, sale and resale of real estate, investments in real estate and securities, provision of medical services, and provision of educational services. | $0 | +179% | $111M | $131M | 1.4x | 15.4x | ||
| S.D. Standard ETC PLC is a Cyprus-based company. The principal activity of the Company is to operate as an investment entity with a special focus on energy, transport, and commodities segments. The Company invests directly or indirectly in companies, securities, commodities, and/or assets. The objective of the company is to generate medium to long-term capital growth. | $0 | +4% | $105M | ($19M) | — | (4.5x) | ||
| Phoenix Vega Mezz PLC is engaged in holding and managing mezzanine and junior securitization notes. | $0 | -28% | $77M | $68M | 4.8x | (6.2x) | ||
| Cairo Mezz PLC is engaged in holding and managing mezzanine and junior notes issued due to the securitization of non-performing loans. | $0 | -49% | $73M | $73M | — | (0.7x) | ||
| K+G Complex is a real estate company. Its activities include development and sale of residential units and development and sale of land located in the Amathus area of Limassol. The company's segments are development and sale of land, and holding of investments. Majority of the revenue is derived from the sale of immovable property in Cyprus. | $0 | +37% | $62M | $62M | — | (226.6x) | ||
| Louis PLC is a Cyprus-based company engaged in the tourism industry in the Southeastern Mediterranean. It mainly focuses on the hotel sector in both Cyprus and Greece. It covers a range of services for inbound/outbound tourism, ownership, and management of hotel and catering units and sea tourism, as well as ground handling services at the International Airports of Larnaca and Paphos. The company's objective is to further develop and update the quality of the services that it offers to its clients. | $0 | +47% | $59M | $436M | 2.7x | 8.0x | ||
| Alkis h. Hadjikyriakos (Frou Frou Biscuits) Public Ltd is engaged in the production and distribution of biscuits, the production and distribution of breakfast cereals, the production and distribution of potato chips and other types of snacks, the production and distribution of rusks and toast, the production and distribution of desserts and sweets, the import and distribution of food and other household products. | $1 | +0% | $51M | $38M | 1.3x | 4.2x | ||
| Lordos Hotel Or operates in the hotel services sector. The company owns and manages the luxurious, five-star seaside hotel Golden Bay Beach Hotel in the Pyla area of Larnaca. | $1 | +52% | $51M | $60M | 2.1x | 7.1x | ||
| Constantinou Bros Hotels Ltd is engaged in the ownership and management of the hotels in Paphos and the purchase, sale and development of real estate. Its hotel properties include Athena Beach Hotel, Athena Royal Beach Hotel, Tui Sensimar Pioneer Beach Hotel, and Asimina Suites Hotel. | $0 | +53% | $47M | $105M | 1.4x | 4.7x | ||
| Petrolia SE is engaged in the sale and rental of energy service equipment to the energy industry. The company operates in two business divisions: Energy and Energy Service. The Energy division focuses on exploration for and production of oil and gas. The Energy Service division is focused on well services for oil and gas drilling, mainly through the Independent Oil Tools AS Group. Well services are also provided for thermo and salt drilling. The group owns one landrig, drills and performs workover on land wells as a drilling contractor with this rig and hired in rigs whenever drilling contracts are secured. Geographically, it operates in Norway, Europe outside Norway, and Asia and Australia. | $1 | +63% | $39M | $32M | 0.5x | 2.2x | ||
| Black Oak Investments Plc is a dynamic holding company specializing in strategic acquisitions and management of diverse businesses. Its focus on long-term growth and prudent asset management. | $17 | +1% | $38M | $28M | 6.1x | (22.6x) | ||
| Agroton Public Ltd is a company engaged in the production of diversified agriculture products, focusing on grain growing, livestock farming, and food processing. The company is organized into three segments: Livestock, offering livestock farming producing meat, pork, beef, and milk; Plant Breeding segment that derives majority revenue focuses on plants such as sunflowers, rape, and wheat; Vegetable oil and protein meal, engaged in processing of own sunflower seeds into sunflower oil and protein meal using outsourced production facilities. The company operates mainly in Ukraine. | $1 | +5% | $31M | $8M | 6.1x | (27.5x) | ||
| Cyprus Trading Corporation PLC is a holding company. It owns and controls a number of companies, each specializing in a specific industry. The company's five main business sectors include Distribution and Logistics, Retail, Automotive & Engineering, Property development & management, and Infrastructure. | $0 | -10% | $25M | $138M | 0.4x | 8.4x | ||
| ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments. The company's main source of income is dividend received from investments. | $0 | +22% | $20M | $19M | — | 22.4x | ||
| Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under three reportable segments namely (i) the dry bulk segment (ii) the containership segment and (iii) the asset management segment. It generates maximum revenue from the Dry bulk segment. | $2 | -8% | $20M | ($2M) | (0.0x) | (0.0x) | ||
| Lordos United Public Ltd is engaged in the production of plastics, distribution of hygiene products, food products, vinegar and related food products. The company is also engaged in property developments in Cyprus and abroad. | $0 | +30% | $12M | $29M | 0.9x | 7.4x | ||
| Agroliga Group PLC is an agricultural company. The principal activities of the company are the production of vegetable oils, cereals, meat, dairy breeding herd, and the sale of crops. The main products of the group of companies include sunflower, sunflower oil, wheat and barley grain, corn, rape, buckwheat, and milk. | $6 | -14% | $10M | $27M | 0.6x | 4.2x | ||
| Robin Energy Ltd operates a tanker vessel that engages in the transportation of refined petroleum products using its Handysize product tanker. | $1 | -91% | $8M | $7M | 0.7x | 3.3x | ||
| Dekel Agri-Vision PLC is engaged through its subsidiaries in developing and cultivating palm oil plantations in Cote d'Ivoire to produce and market Crude Palm Oil (CPO), as well as constructing a Raw Cashew Nut (RCN) processing plant, which is currently in the initial production phase. The firm has two reportable segments, Crude Palm Oil and Raw Cashew Nut. The majority of the revenue is derived from the Crude Palm Oil segment. | $0 | -63% | $7M | $44M | 1.3x | 14.4x | ||
| Ermes Department Stores PLC is engaged in operation of department stores. It sells fashion, cosmetics, toys, home goods and other goods and services for all ages and the family. | $0 | -29% | $3M | $28M | 0.6x | (24.3x) | ||
| Median | $1 | +5% | $61M | $61M | 1.3x | 4.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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