cyta revenues — cyta revenues — Cyta’s revenues climbed to €442 million in 2025, demonstrating robust profitability and a strong commitment to digital infrastructure. The state-owned telecommunications provider presented its 2026 budget to the House finance and budget committee on Monday, emphasising significant investments aimed at enhancing network resilience and expanding next-generation technologies.
Cyta revenues: Commitment to Digital Infrastructure
The 2026 budget outlines a clear strategy to position Cyta as a fundamental pillar of Cyprus’ digital economy. Cyta’s chair, Maria Tsiakka, described the budget as “a budget of responsibility and continuity” during her address to the committee. She highlighted that the financial plan is anchored on solid results and a strategic investment blueprint that aims to deliver substantial benefits to citizens, businesses, and the broader Cypriot economy.
Financial Performance in 2025
In 2025, Cyta experienced an increase in total revenues, rising from €415 million in 2024 to €442 million. Tsiakka indicated that the pre-tax profit is anticipated to reach €85 million for the same year, underscoring the organisation’s stable financial trajectory. Over the past 25 years, Cyta has contributed over €1.29 billion to the public purse, which includes €925 million in dividends and €373 million in taxes.
Advancements in Network Technology
The budget also places substantial emphasis on investments in next-generation networks. Notably, Cyprus achieved full nationwide 5G coverage, positioning the nation as a leader in the European Union regarding the Digital Decade coverage indicator. Tsiakka reported that fibre coverage was completed in urban and main rural areas by 2025, with plans to extend this service to remote regions expected to be finalised in the first half of 2026.
International Connectivity Initiatives
Cyta’s commitment to enhancing international connectivity was evident with the successful completion of the BlueMed subsea cable branching in 2025. Furthermore, ongoing expansion projects in the southeastern Mediterranean are underway, which will bolster the island’s connectivity. Tsiakka also highlighted a multi-year agreement with a European satellite provider that enhances Cyprus’ network resilience, offering new broadband satellite access through Cyta’s gateway stations.
Investments in Data Infrastructure
Data hosting infrastructure represents another critical aspect of Cyta’s development strategy. In 2025, the acquisition of the advanced Simplex LCA1 data centre in Larnaca marked a significant step forward. Future investments of approximately €20 million are planned for developing data centres, alongside an additional €20 million earmarked for energy upgrades across the organisation’s infrastructure. There are also discussions about creating a large-scale green data centre in collaboration with photovoltaic parks, expected to be operational within one to two years.
Focus on Cybersecurity and Compliance
Cybersecurity is a core priority for Cyta, with the organisation adhering to the ISO 27001 international standard and the NIS2 regulatory framework. Tsiakka emphasised that these measures are vital for enhancing data protection and operational security, stating, “Every investment is made carefully, with numbers and data, to ensure long-term returns.” This approach demonstrates Cyta’s commitment to maintaining high standards of security in an increasingly digital world.
Human Resources and Employment Status
As of now, Cyta employs approximately 1,960 staff members, having added 60 new employees in 2025. Tsiakka noted that 62.5 per cent of the workforce is under public law status, while 37.5 per cent are employed under private law. The pension fund has seen a €35 million increase in contributions, attributed to early retirement schemes from previous years, with expectations to eliminate the existing deficit within four to five years.
Ongoing Discussions About Staffing Regulations
The discussion also touched on provisions allowing for the dismissal of permanent staff due to redundancy in Cyta’s regulations. Tsiakka stated that these regulations are set to be reviewed by the finance ministry. Cyta’s finance director confirmed that the organisation has formally submitted its position advocating for the removal of this provision, which aligns with the sentiments expressed by employees.
Political Perspectives and Future Directions
Members of parliament expressed the necessity of honouring commitments regarding the redundancy provision. Savia Orphanidou and Christiana Erotokritou stressed that the provision, which is not implemented in practice, should be reconsidered by the Ministry of Finance. Alekos Tryfonidis commended Cyta’s management and staff for their excellent financial results and the organisation’s technological leadership in Europe, reiterating opposition to any form of privatisation.
Looking Ahead: The 2026 Budget
In a parallel press release, Cyta announced the submission of its 2026 budget, which focuses on development and energy perspectives. This budget aims to support critical digital infrastructure and translate into tangible benefits for the populace and the economy. Cyta reiterated its commitment to continuing investments in 5G, fibre networks, international cables, and data centres, reinforcing Cyprus’ standing on the European digital landscape.
The organisation also highlighted the importance of establishing a legal framework that would enable Cyta to engage in the energy sector, seeking institutional equality to operate under the same conditions as private providers and other public organisations. This approach aims to enhance competition and expand access to green energy for citizens currently lacking alternatives.
