Rodon Hotel owner sees higher losses as energy and staff costs rise

The Agros Development Company ( Proodos ), owner of the Rodon Hotel in Agros , reported a wider first-half loss of €173,843 this week, with the company expecting weaker financial results for the remainder of 2026 as the hotel faces lower revenue and higher costs. The loss attributable to shareholders increased from €39,922 in the first half of 2025 to €173,843 in the six months to June 30, 2026. The company said the deterioration was mainly linked to higher operating and administrative expenses associated with the Rodon Hotel , including a provision for a 13th salary, higher energy costs and increased maintenance and repair expenses. Despite the weaker profitability, income remained broadly unchanged , falling marginally to €1,508,971 from €1,509,785 in the corresponding period of 2025. The decline amounted to just €814, or 0. 05 per cent, the financial report showed.

The Agros Development Company operates in the hotel sector and property development, with the Rodon Hotel described by the company as its main asset. The loss per share increased to 4. 84 cents in the first half of 2026, compared with 1. 11 cents in the same period of 2025. The company’s issued share capital stood at €6. 14 million at June 30, divided into 3,590,215 ordinary shares with a nominal value of €1. 71 each. The company said there was no income, profit or loss from non-recurring activities or activities outside its main operations during either the first half of 2026 or the corresponding period of 2025. Rodon outlook weighs on 2026 The Agros Development Company expects its financial performance in the second half of 2026 to be lower than in the corresponding period last year. The company said the main reason was expected weaker revenue and higher costs at the Rodon Hotel, with the additional costs…