Deloitte Cyprus has published its 14th Transparency Report for the financial year covering the period from June 1, 2024, to May 31, 2025. The report provides a comprehensive account of the firm’s activities, outlining governance matters and reaffirming its unwavering commitment to audit quality, ethics, and transparency. It also highlights Deloitte’s role in building trust and transparency in the Cypriot market, supporting its clients, empowering its people, and creating a positive impact on society, while emphasizing the firm’s dedication to its core values and how these values are reflected in its day-to-day operations.

In his introductory message, Pieris Markou, CEO of Deloitte Cyprus, stated: “In today’s demanding economic environment, transparency is the foundation of trust and guides our actions through uncertainty. With our commitment to lead with transparency and integrity, we continue to create meaningful impact with the goal of shaping a better future for all. Our focus on accountability, proactive strategy, and providing valuable tools and insights to clients, partners, and society reflects the culture of transparency we foster within our organization. This philosophy encourages innovation and collaboration, strengthens trust, and delivers exceptional value to our stakeholders.”

In a constantly evolving world, FY2025 marked another year of resilience, innovation, and sustainable growth for Deloitte Cyprus. Despite ongoing geopolitical and economic uncertainties, the firm continued to make a tangible impact by supporting Cyprus’ economic and social progress.

Remaining committed to digital transformation, Deloitte adopted strategies that enhanced agility, adaptability, innovation, and technological advancement, while maintaining professionalism and delivering high-quality, value-driven services.

For the financial year ending May 31, 2025, Deloitte’s Cyprus network achieved record gross revenues of €58.8 million, a 5.2% increase compared to the previous year, contributing €15.9 million to state revenues.

“This success reflects the outstanding dedication of our people, who thrive and excel in a workplace built on equality, fairness, and inclusion,” noted Markou.

The report emphasizes Deloitte’s focus on ESG principles (Environmental, Social, and Governance) as key drivers of business sustainability and competitiveness, while stressing the growing importance of corporate sustainability reporting.

Acknowledging the transformative role of digitalization, Artificial Intelligence (AI), and Generative AI (GenAI), Deloitte has embraced these technologies to better meet clients’ evolving needs and enhance experiences for both clients and employees.

At the same time, Deloitte continues to prioritize addressing major societal challenges by promoting a fair and sustainable future. Guided by its global WorldImpact program, the firm invested nearly €600,000 in community initiatives during the year, supporting educational and environmental projects, diversity and inclusion programs, and collaborations with organizations sharing the same values of corporate responsibility and sustainability.

Deloitte’s priorities align with national and global objectives in innovation, digitalization, and the green economy. The firm underscores the need for continuous improvement in accounting and auditing standards, greater transparency, adoption of advanced technologies, and active participation in institutional and economic development.

With a strong sense of responsibility, Deloitte pledges to continue leading by example in the professional services sector, recognizing its critical role in driving both business excellence and social progress.