“BMIT Technologies Acquires Majority Stake in 56Bit to Boost Cloud Services…”

BMIT Technologies plc has officially completed the acquisition of a 51% shareholding in 56Bit Limited, a move aimed at strengthening its Amazon Web Services (AWS) and broader cloud capabilities. The acquisition was first announced in March 2025.

While BMIT now holds a majority stake, 56Bit will continue to operate as an independent and autonomous company, retaining its existing management team and leadership. BMIT’s involvement will primarily be at the board level, ensuring strategic alignment while preserving 56Bit’s operational independence.

BMIT emphasized that this acquisition creates “valuable synergies” at a group level, building on shared expertise and aiming to leverage their combined strengths to offer increased value to customers. The agreement also includes an option for BMIT to increase its shareholding in 56Bit over the next five years, contingent on specific performance milestones.

MedservRegis has approved a €1.5 million dividend payment.

MedservRegis, a leading integrated logistics specialist for the energy and mining sectors, has approved a final gross dividend totaling €1.5 million. This translates to €0.014758 per share and will be paid by June 30, 2025.

This payment builds on the €1 million dividend (€0.0098389 per share) already distributed in February 2024 for FY2024, bringing the total gross dividend for the period to €0.024597 per share.

The company’s resumption of dividend payments in February 2024 marked its first since 2015, following a period of financial challenges. These struggles included sustained losses, a significant merger, and a broader industry slowdown exacerbated by the COVID-19 pandemic. The last dividend before this hiatus was a record €2 million in 2015.

The ability to resume profit distributions followed a strategic move to reduce the company’s share premium account, which helped offset accumulated losses.

Trident Estates’ Pre-Tax Profit Triples in FY2025 Driven by Strong Trident Park Performance

Trident Estates plc has reported robust financial results for the year ended January 31, 2025, with pre-tax profit (excluding fair value movements) soaring to €2.4 million, more than tripling the €710,000 reported in the previous year. This significant increase underscores the company’s strong operational performance. Including fair value movements, total pre-tax profit reached €4.4 million, benefiting from a €2 million fair value gain on Trident House following a favorable court ruling.

The group’s revenues climbed 31% to €5.5 million (from €4.2 million), with operating profits rising to €3.7 million (from €2.2 million). This growth was largely propelled by new rental income streams and improved agreements across its property portfolio.

Trident Park, the company’s flagship office campus, was a major contributor, generating €4 million of the total revenue. The campus achieved an impressive 83% physical occupancy by year-end, rising to 86% at the time of the annual report’s publication. This is notable given Malta’s oversupplied office market, as Trident Estates successfully maintained competitive rental rates.

Dividend Declared: For the first time, the board has proposed a net dividend of €500,000 (€0.0119 per share), reflecting the team’s resilience after years of substantial capital expenditure.

Mariner Finance Expects 8.5% EBITDA Boost in 2025 Driven by Container Handling and Property Growth

Mariner Finance, the financial arm of Latvia-based SIA Baltic Container Terminal (BCT), is forecasting an 8.5% increase in its EBITDA to €11.07 million for fiscal year 2025. This positive outlook follows a strong performance in 2024 and is largely attributed to anticipated growth in container handling and related services income, as well as stronger property rental income from the Merkela Building. The company also expects a slight easing of operating expenses.

For FY2025, Mariner Finance projects overall group revenue to increase by 3.55% to €20.75 million.

Operations and Competitive Landscape:

SIA Baltic Container Terminal (BCT): BCT operates Riga Free Port No. 48, providing comprehensive terminal logistics from quay-side operations to rail services. It stands as the only specialized container terminal in the Freeport of Riga, handling the majority of containerized cargo and outperforming local competitors like RCT and RUT in technology and infrastructure. Geopolitical developments, including sanctions on Russia and Belarus, have reduced competition from terminals in neighboring countries, with current competition mainly focused on Central Asian and some Belarusian cargo not subject to sanctions.

Merkela Building: Mariner Finance also owns and leases the Merkela Building in Riga, offering approximately 2,480 square meters of rentable space. McDonald’s Latvia leases 25% of the building under a long-term agreement expiring in 2038, while the remaining space is rented to accommodation sector tenants. Rental income is expected to rise in FY2025 due to increased occupancy, following a slight dip in FY2024.

Grand Harbour Marina plc projects a €1 million decrease in pre-tax profit for the 2025 financial year.

Grand Harbour Marina plc (GHM), which operates the Grand Harbour Marina in Vittoriosa, is forecasting a pre-tax profit of €2.8 million for fiscal year 2025, a drop from €3.8 million in FY2024. This anticipated decline is primarily due to the absence of budgeted long-term superyacht berth sales, which are considered non-recurring revenue.

Despite this temporary setback from one-off sales, GHM expects its core profitability to improve by 1.6% from other revenue streams. This growth is attributed to lower operating expenses, higher net finance costs, and an increased contribution from its investment in IC Çeşme Marina in Turkey, which is also managed by GHM’s parent company, Camper & Nicholsons Marina Investments Limited (CNMIL).

Malta Company Announcements:

Plaza Centres plc

Subject to shareholder approval at the Annual General Meeting on Wednesday, June 18, 2025, the Directors recommend a final net dividend of €0.0137 per share. This dividend will be distributed to all shareholders on record as of the close of trading on May 15, 2025.

BMIT Technologies plc

BMIT’s Annual General Meeting is scheduled for Wednesday, June 18, 2025. The Directors of BMIT are recommending a net dividend of €4.0 million.

Shareholders will receive a net dividend of €0.0189 per share. Shareholders as of the close of trading on Thursday, May 15, 2025, have the flexibility to receive their dividend either in cash or in new ordinary shares, valued at an attribution price of €0.319 per share.

GO plc

If approved by shareholders at the Annual General Meeting on June 19, the Directors are proposing a final net dividend of €0.08 per share, a significant jump from last year’s €0.05. This final dividend will be distributed on June 24, 2025, to those holding shares by the close of trading on May 16, 2025.

Grand Harbour Marina plc

On June 20, 2025, shareholders as of the close of trading on June 11, 2025 will receive gross interim dividend of €0.039775 per share.

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