**Beverage Company Keo Schedules Meeting to Approve Financial Results**
Keo plc, a prominent beverage company based in Cyprus, has announced that its board of directors will meet on September 22, 2026, at 9:30 AM to review and approve the un-audited interim condensed consolidated financial statements for the six-month period ending June 30, 2026. This meeting is a key step in the company’s financial reporting process and follows a series of recent developments regarding its dividend distribution and future expansion plans.
On August 25, 2026, Keo confirmed the successful completion of its interim dividend payment to shareholders, which had been delayed due to technical issues with calculation software. The company had previously alerted investors on August 7, 2026, about potential delays in the distribution timeline. Despite these challenges, management assured shareholders that the payments would be finalized by August 25, 2026, which they successfully achieved.
The interim dividend, amounting to €1.69 million, was approved by shareholders during the annual general meeting held on July 8, 2026. The dividend allocation was set at four cents per fully paid share, funded from profits retained in the revenue reserve from 2024. This payout was applicable to investors listed on the Cyprus Stock Exchange (CSE) register as of July 20, 2026, including those who acquired shares through off-market transfers by that date. The ex-dividend trading date was established as July 17, 2026.
In addition to the dividend announcement, Keo plc is advancing its plans for a new beverage factory in Kato Polemidia, Limassol. The project, which has a proposed budget of €25 million, received a positive outcome from the environmental authority on August 27, 2026, as it cleared its environmental screening. The authority determined that a full environmental assessment was unnecessary, provided that certain conditions are met, indicating that the anticipated environmental impacts can be effectively managed.
Once all remaining permits are secured, construction of the factory is expected to commence, with an estimated duration of approximately 24 months. The development will create jobs for up to 50 individuals during the construction phase. The factory will be built on a 62,335-square-metre plot, with 44,000 square metres designated for the facility itself and 9,612 square metres allocated for green space.
The three-level factory is designed to include various operational areas: a basement spanning 9,810 square metres for storage and wine aging, a 22,840-square-metre ground floor dedicated to production, processing, bottling, and packaging, and 992 square metres of office space on the first floor. Once operational, the facility will be capable of packaging juices, filtering wines, distilling spirits, aging Commandaria, and serving as a storage and distribution center, with an estimated maximum output of 4,975 tonnes annually.
The new factory will complement Keo’s existing winery located in Mallia, which is expected to supply between 1,000 and 2,500 tonnes of wine annually for final processing at the new site. The design of the facility also incorporates an underground wastewater treatment plant with a daily capacity of 50 cubic metres, along with a 600kW rooftop photovoltaic system intended to cover approximately 40 percent of the factory’s annual electricity needs.
As Keo plc prepares for its upcoming board meeting, the company continues to navigate its financial obligations and expansion strategies, positioning itself for future growth in the competitive beverage market.