DCI Advisors (LSE:DCI) has spent 2026 turning property holdings in Cyprus into cash. The latest step came on 26 October 2026, when the company announced a binding agreement to sell land at Peyia in Paphos for a price above its carrying value, following a series of disposals and Escrow releases earlier in the year.

The Peyia land sale

The Peyia land is held through a subsidiary, DCI Holdings Four Limited. The agreed price is 2.8 million euros plus VAT, against a carrying valuation of 2.511 million euros at 30 June 2026, which puts the price roughly 289,000 euros above book value. A deposit of 800,000 euros plus VAT has already been received under the binding sale agreement, and completion is expected within four months, subject to tax clearances and other conditions.

Earlier disposals in 2026

The Peyia deal is the latest in a run of asset realisations. On 23 June 2026 LSE:DCI announced that the sale of the Apollo land plots had completed. On 22 July it reported the release of 2.9 million euros from escrow in Cyprus, linked to settling liabilities arising from the earlier sale of its interests in Aristo Developers. On 6 August it announced completion of the sale of Venus Rock Estates, for which it received 3.5 million euros in full settlement of Class A Preferred Shares in DCI Holdings Two Limited.

Tax and remaining holdings

The August announcement noted that LSE:DCI had paid roughly 1.78 million euros in Cyprus Capital Gains Tax plus interest, and that it was considering an appeal. It also said DCI still holds an indirect 10.68% interest in Aristo Developers, the sale of which, for 6.15 million euros, was awaiting tax clearance in Cyprus. Tax clearance has therefore been a recurring gating item for cash receipts, and investors will want to see it resolved before the cash can be put to work or distributed. The buyer of the Peyia land was not named in the announcement.

Governance

The board has seen some changes. On 3 July 2026 LSE:DCI published a review of directors independence, and on 13 August it announced a directorate change.

What the company is

DCI Advisors is an AIM-quoted Investment company focused on real estate, with its Assets concentrated in Cyprus, and its activity this year has been dominated by selling those assets rather than acquiring new ones. Its AIM shares are a small constituent of the FTSE AIM All Share Index, where listed property vehicles are often valued by reference to net asset value and to the pace at which that value can be converted into cash.

Financial and Dividend picture

The pending cash receipts, including the Peyia deposit and the Aristo-related consideration, are the main items bearing on liquidity.

Key risks

The main risks are timing and tax. Completion of the Peyia sale depends on tax clearances, the Aristo sale is likewise conditional, and a capital gains tax payment is under possible appeal. Cyprus property values, buyer financing and currency could also affect the pace and size of realisations.

What to watch next

Shareholders will look for completion of the Peyia sale within the four-month window, tax clearance for the Aristo transaction, clarity on how cash is to be used or returned, and the outcome of any appeal over the capital gains tax paid.