Agros Development Company Proodos Public Ltd has announced an expected decline in its operating profit for the first half of 2026 compared to the same period in 2025. The company attributed this expected downturn to higher operating and administrative expenses, particularly related to its main asset, the Rodon Hotel.

Key cost pressures include provisions for a thirteenth-month salary, increased energy prices, and greater spending on maintenance and repairs. These factors have contributed to reduced profitability before interest, taxes, depreciation, and amortisation during the January to June period.

The company provided these insights based on unaudited financial data for the first half of 2026, indicating a significant deviation in financial performance relative to last year.