Annual Review 2026

€82.8m Revenues

€26.4m Total contribution to government revenues including income tax, special contribution for defence, PAYE, VAT, GHS and social insurance contributions.

*9.09 Likelihood to recommend PwC to peers and colleagues

(Out of a maximum score of 10)

*4.58 Satisfaction average

(Out of a maximum score of 5)

73% Net promoter score

Figures based on an online Client Relationship Survey carried out in May 2026

Overview

More than 1,000 People
327 Qualified accountants
830 University graduates

Excellence Awards

3 ACA outstanding performance awards
10 Pancyprian awards at the ACCA professional examinations

Progression

As of 1 July 2026:
10 New Directors and
186 Promotions and role enhancements to all other grades

Talent Attraction

202 New recruits, including:
112 New university graduates

Professional Qualifications

46 newly qualified accountants

Mobility

28 Outbound international assignments and
9 Inbound international assignments in PwC Network firms around the world

Diverse Perspectives

32 Nationalities

People Survey

74% People Engagement Index

€661,362 towards our Youth Entrepreneurship, Education & Culture and Offering our Hearts & Minds initiatives

3,560 hours of volunteering

Learn more

CEO Message

In my first months as CEO of PwC Cyprus, I am pleased to share our FY26 Annual Review. The year brought both challenges and important milestones, demonstrating the resilience of our people, the trust of our clients and our ability to adapt in a changing environment.

I would also like to thank Philippos Soseilos for his leadership and contribution to PwC Cyprus. As we begin this new chapter, we remain committed to the highest standards of quality, integrity and professionalism.

As we look ahead, we do so with confidence. Our strong foundations, talented people and clear strategic direction position us well for the future. We continue to evolve how we communicate our purpose and deliver value, while remaining true to who we are as PwC.

Our Services in FY26

We are committed in creating distinctive outcomes to our local and international clients, public and private companies as well as private equity funds by bringing together multi-skilled solutions, innovation, cutting edge technology and expertise to meet the increasingly complex business needs, across a wide range of industries.

FY26: A Year in Review

Our Deals team is dedicated in the value creation for enterprises and helps organisations identify and execute successful transactions that involve mergers, acquisitions, disposals and restructurings. During FY26 we have acted as lead financial advisors on important, high-profile transactions and we have successfully completed, on behalf of our clients, the disposal of companies in the technology, retail, insurance and other sectors, whilst we have advised our clients in executing the acquisition of important businesses or assets including NPL portfolios, lead retail companies, hospitals, photovoltaic parks etc. Whether working with our local and international clients or supporting our Global network, we have prepared business plans and carried out valuations and due diligence exercises for companies operating both in Cyprus and abroad. In doing so, we have been involved in numerous transactions and other corporate finance projects across key sectors of the economy including banking and insurance, real estate, healthcare, energy, retail, as well as hospitality and leisure.

Our Firm's purpose is to build trust in society and solve important problems. Building trust is the foundation for everything we do in assurance; and our vision is to be the pre-eminent assurance firm leading in quality, growth, and operational excellence, ultimately being the number one brand of choice.

FY26 Performance Review

We are proud of the progress achieved across Assurance in FY26. During the year, we:

maintained our leading market position;
won new work;
accelerated technology-enabled delivery;
attracted and retained high-quality talent; and
built a strong pipeline for future growth.

The true value of our service line lies in its ability to unlock doors to growth. By expertly managing the heavy lifting of compliance, we free our clients' resources to focus on what truly matters: innovation, market expansion, and strategic initiatives. We take pride in being a trusted partner in growth, transforming compliance from a constraint into a competitive advantage.

FY26: A Year in Review

In FY26, we continued to invest in optimising our processes and procedures, enhancing automation, and upskilling and reskilling our people to meet the demands of an ever-evolving regulatory environment. As compliance requirements grew more complex, our unwavering focus remained on safeguarding our clients’ reputations through impeccable service delivery.

We enhanced our collaboration with global teams on priority multinational accounts. This not only helps our clients, but it gives the opportunity to our people to work in diverse teams across the globe helping them to grow and develop. Our talented professionals have made Cyprus a centre of excellence for the PwC network. In addition, insights from these global experiences are now being transferred to our local clients helping them to always stay ahead of global developments.

PwC Cyprus remains the leading provider of Tax and Legal (T&L) services in the local market, recognized for the breadth of expertise, depth of knowledge, and excellence in client service.

We continue to offer a comprehensive range of tax and legal advisory services, supporting our clients across corporate, private, and international matters with insight, compliance, and value-driven solutions.

Our practice delivers end-to-end support in key areas including Corporate Tax Advisory, Indirect Tax, Entity Governance and Compliance, Global Support Services, Private Clients and Family Office services, as well as Legal advisory services provided by the independent PwC Network Legal Practice in Cyprus. Our specialised teams are well equipped to address the evolving demands of

a complex regulatory environment, always focused on adding substantive value and ensuring clients’ adherence to taxation, legal, and compliance obligations.

Clients and Markets:
Creating Value in a Changing World

The Year in Review

This past year reinforced a fundamental truth: organisations navigating today’s complex business environment increasingly need trusted advisers who combine deep local expertise with a global perspective.

As technological innovation, regulatory change, economic uncertainty and shifting stakeholder expectations continue to reshape markets, PwC Cyprus has remained steadfast in its commitment to helping clients make confident decisions and achieve sustainable, long-term success.

Digital Transformation

FY26 marked another step forward in PwC Cyprus’ transformation agenda.

We continued to strengthen the capabilities, platforms, and behaviours that support more connected, agile and future-ready ways of working. Our focus wasn’t only on using new technology, but on using it to simplify work, strengthen collaboration and build a more resilient and responsive organisation.

Building on the progress we made in FY25, including the successful rollout of Microsoft 365 and wider use of digital tools across the Firm, we focused in FY26 on making these capabilities part of day-to-day work.

Risk & Quality

The quality of our work is at the heart of our organisation and we invest significant and increasing resources in its continuous enhancement across all of our businesses.

Our investment spans a wide range of areas, including technical, ethical and behavioural training, enhanced methodologies, additional resources in key areas, and new approaches to delivering our work. These initiatives reflect our shared commitment to understanding the factors that drive quality and identifying opportunities for continuous improvement. We are also making significant investments in new technology to strengthen the capabilities and effectiveness of all our services.

People

Our people bring the PwC brand to life every day.

In FY26, we strengthened our foundations so our firm and our people can step with confidence into the next era together and succeed as change speeds up. By deepening human connections, putting advanced technology directly in our people's hands, and keeping a clear focus on skills, we showed what it means to grow here and go further in your career and impact.

This year we concentrated on putting our new global People Value Proposition (PVP) into practice. It sets out our clear commitment that when people join PwC, they will grow here and go further.

Annual Review 2026

Key Performance Indicators