Press Release
Deloitte Cyprus has published its 14th Transparency Report covering the period from 1 June 2024 to 31 May 2025. The report provides a comprehensive overview of the firm’s performance, governance, and unwavering commitment to audit quality, ethics, and transparency, and highlights Deloitte’s role in fostering trust and confidence in the Cyprus market, in supporting clients, empowering its people, and making a positive societal impact, at the same time emphasising the firm’s steadfast dedication to its values and how these are reflected in meaningful everyday practice.
As Pieris Markou, CEO of Deloitte Cyprus states in his introductory message “In today’s challenging economic environment, transparency is the foundation of trust and our guide through uncertainty. By leading with openness and integrity, we continue to make an impact that matters - to make better futures for all. Our focus on accountability, proactive strategies, and providing valuable insights to our clients, our team, and society underscores the culture of transparency we cultivate within our organisation. This ethos drives openness, innovation, and collaboration, fostering trust and delivering outstanding value to our stakeholders.”
Seizing opportunities amid global and local dynamics
The financial year ending 31 May 2025 represented another year of resilience, innovation and sustainable growth for Deloitte Cyprus in a changing world. Despite the challenging ongoing geopolitical and economic uncertainties and obstacles, the firm continued to make a meaningful impact, supporting the positive economic and social progress of Cyprus. Whilst continuing to drive transformation, embracing flexibility, adaptability, innovation and technological advances, Deloitte continued to improve its quality and consistently delivered services of the highest value and professionalism.
Deloitte Cyprus continued to show growth and achieved record gross revenues of €58.8 million, representing a 5.2% increase from the previous financial year, contributing a total of €15.9 million to state revenues. “Such success reflects the exceptional dedication of our people, who have thrived in a workplace grounded in equity, fairness, and inclusivity”, as Mr. Markou highlighted.
Embracing innovation whilst leading with a purpose to continue making an impact across society
The report stresses the importance Deloitte places on adopting ESG principles for business sustainability and competitiveness, and the need for sustainability reporting for organisations. Recognising the important role of digitalisation, AI and Generative Artificial Intelligence (GenAI), it embraced such technologies, and it continues to innovate through technology to meet evolving client needs, enhancing the experience for both clients and people.
At the same time, the firm continues to address pressing societal challenges and promote a sustainable and equitable future. Guided by Deloitte’s global WorldImpact programme, the firm channelled almost €600,000 back into society during the financial year, supporting ambitious educational and environmental programmes, diversity and inclusion (DEI) initiatives and partnered with organisations that share its corporate responsibility and sustainability values to address societal challenges.
Deloitte’s priorities align with public goals for innovation, digitalisation, green economy, and sector focus, and emphasises the need for continuous enhancement of accounting and auditing standards, transparency, technological adoption, and active engagement in institutional and economic development. With a strong sense of responsibility, Deloitte will continue to strive to lead by example within the professional services sector and acknowledges its vital role both in the sector but also in societal advancement.
Dive into Deloitte Cyprus’s Transparency Report at https://www.deloitte.com/cy/en/atr-2025
