**Lordos Hotels Maintains Dividend Payout Despite Challenging First Half of 2026**
**Nicosia, Cyprus** – Lordos Hotels (Holdings) Public Ltd has announced that it anticipates a decline in its financial results for the first half of 2026 compared to the same period in the previous year. The hotel group attributes this expected downturn to ongoing geopolitical tensions in the Middle East, which have adversely impacted Cyprus's tourism sector and consequently, occupancy rates at its properties.
In a statement released by the company, it was noted that the weaker performance is a direct result of lower occupancy levels across its hotel units. The statement emphasized that the regional instability has placed significant pressure on travel demand, affecting the overall performance of the tourism industry in Cyprus. "The results for the first half of 2026 are expected to be lower compared to those for the same period last year," the company stated.
This outlook follows a more robust performance in 2025, when Lordos Hotels experienced increased occupancy rates and revenue per room. The hotel group had benefited from a resurgence in travel demand, which has since been hampered by the current geopolitical climate.
Despite the anticipated challenges, Lordos Hotels has decided to maintain its commitment to shareholders by approving a dividend payout during its annual general meeting held on June 24. Shareholders voted in favor of a dividend of €0.04 per share, aligning with the board of directors' proposal. This dividend represents 11.76 percent of the nominal value of the share.
The company has set the record date for the dividend as Monday, July 6, which will include transactions completed by the end of the trading session on Thursday, July 2. Consequently, shares will trade cum dividend until July 2 and will shift to ex-dividend status starting Friday, July 3. Additionally, investors whose off-floor transactions are finalized and recorded in the Dematerialised Securities System by the record date will also be eligible for the dividend.
The proposed payment date for the dividend is scheduled for Wednesday, July 15, though the company has indicated that a confirmation of this date will be provided in a subsequent announcement.
As the tourism sector continues to navigate through these turbulent times, Lordos Hotels remains steadfast in its approach to shareholder returns, demonstrating resilience in the face of external challenges. The company's ability to maintain dividend payouts amidst a forecasted decline in performance highlights its commitment to its investors, even as it adapts to the changing landscape of the tourism industry in Cyprus.
With the ongoing geopolitical issues, stakeholders will be closely monitoring the situation as the year progresses, assessing the potential impacts on travel demand and occupancy rates in the months ahead.