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Blue Island PLC

ISIN: CY0004941411 | Ticker: BLUE | LEI: 2138003DUDZ8R67LEO26
Country: Cyprus

About Blue Island PLC

Company Description

The core of business of the company is the fish farming and trading of the Mediterranean species Sea Bass and Sea Bream and the trading of fresh fish from open sea fishing.

The company was established in 1993 (under the name Blue Island Fish Farming Ltd) as a mariculture unit. A turning point for the company has been its conversion in 1999 into a Public Company and its listing in the Cyprus Stock Exchange. This development contributed to the growth of the company both in the field of mariculture and in the field of fresh fish trading.

Today the company distinguishes itself in the Cyprus market in the fields of mariculture and fish trading, in addition to its size and its modern organizational structure and infrastructure. Both the structure and the infrastructure of the company are continuously developing, with a view to offering a reliable and complete service to its clients, both in Cyprus and abroad.

Year founded


Served area



10 Polyfimou Street, Strovolos Industrial Area, 2033 Strovolos – Cyprus

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 21,923,324.00 21,948,239.00
Noncurrent Assets N/A 9,143,266.00 9,383,376.00
Property Plant And Equipment N/A 8,408,657.00 8,713,529.00
Goodwill N/A 663,117.00 656,493.00
Noncurrent Biological Assets N/A 42,926.00 0.00
Deferred Tax Assets N/A 28,566.00 13,354.00
Current Assets N/A 12,780,058.00 12,564,863.00
Inventories N/A 1,249,456.00 1,292,149.00
Trade And Other Current Receivables N/A 1,502,511.00 1,726,444.00
Current Tax Assets Current N/A 41,124.00 101,313.00
Current Biological Assets N/A 9,288,058.00 8,114,145.00
Cash and cash equivalents N/A 698,909.00 1,330,812.00
Equity And Liabilities N/A 21,923,324.00 21,948,239.00
Equity 16,138,496.00 16,047,910.00 16,440,361.00
Issued Capital N/A 2,624,430.00 2,624,430.00
Share Premium N/A 6,761,580.00 6,761,580.00
Capital Reserve N/A 6,661,900.00 7,054,351.00
Liabilities N/A 5,875,414.00 5,507,878.00
Noncurrent Liabilities N/A 2,185,674.00 1,925,551.00
Noncurrent Government Grants N/A 374,394.00 364,692.00
Deferred Tax Liabilities N/A 780,319.00 741,437.00
Longterm Borrowings N/A 168,912.00 122,296.00
Current Liabilities N/A 3,689,740.00 3,582,327.00
Trade And Other Current Payables N/A 2,689,781.00 3,056,536.00
Current Government Grants N/A 64,445.00 70,763.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 717,925.00 243,490.00
Line item in (eur) 01.01.2020/
Revenue 22,568,554.00 27,295,538.00
Other Income 580,896.00 93,130.00
Amortisation Expense 7,002.00 6,625.00
Profit Loss From Operating Activities 438,549.00 926,472.00
Finance Income 53,030.00 525.00
Finance Costs 96,537.00 71,450.00
Profit Loss Before Tax 395,042.00 855,547.00
Income Tax Expense Continuing Operations 155,889.00 72,528.00
Profit Loss From Continuing Operations 239,153.00 783,019.00
Profit (loss) 239,153.00 783,019.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) 239,153.00 783,019.00
Adjustments For Income Tax Expense 98,758.00 0.00
Adjustments For Decrease Increase In Inventories 452,523.00 42,693.00
Adjustments For Increase Decrease In Trade Account Payable 741,648.00 440,988.00
Cash Flows From Used In Operations 2,590,499.00 3,359,921.00
Cash Flows From Used In Operating Activities 2,547,264.00 3,222,975.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 9,850.00 7,600.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 1,092,692.00 1,373,823.00
Proceeds From Sales Of Intangible Assets Classified As Investing Activities N/A 1.00
Interest Received Classified As Investing Activities 52,417.00 0.00
Cash Flows From Used In Investing Activities 1,030,425.00 1,366,222.00
Repayments Of Borrowings Classified As Financing Activities 62,269.00 57,704.00
Payments Of Lease Liabilities Classified As Financing Activities 155,977.00 159,886.00
Dividends Paid Classified As Financing Activities 185,254.00 339,632.00
Interest Paid Classified As Financing Activities 78,851.00 48,707.00
Other Inflows Outflows Of Cash Classified As Financing Activities 152,557.00 144,485.00
Cash Flows From Used In Financing Activities 634,908.00 750,414.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 881,931.00 1,106,339.00
Cash and cash equivalents 698,909.00 1,330,812.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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