“Malta International Airport Commences Significant Share Buyback Programme…”

Malta International Airport plc (MIA), the operator of Malta’s sole international airport, has officially commenced a strategic share buyback programme, a move that signals strong confidence in the company’s intrinsic value. The programme began last week, with the company repurchasing an initial 3,381 shares at prices ranging from €5.95 to €6 per share.

At this pivotal AGM, shareholders overwhelmingly approved a mandate for the company to conduct share buybacks amounting to a substantial €1.353 million shares. The approved price range for these repurchases is set between a minimum of €3 and a maximum of €7.38 per share, providing the company with considerable flexibility within the market. Furthermore, the directors have been explicitly authorized to cancel any shares acquired through this programme, with a corresponding reduction in the company’s issued share capital. This comprehensive authorization has been granted for a specific period, commencing from June 1, 2025, and extending until the date of the next annual general meeting.

To ensure complete transparency and keep all stakeholders informed, Malta International Airport plc has committed to disclosing all executed transactions under the programme. These disclosures, detailing both individual and aggregated transactions, will be made through a weekly company announcement, providing timely updates to the market. This information will also be readily accessible on the company’s official website, reinforcing MIA’s commitment to good corporate governance.

Bank of Valletta – Series 2 Tranche 1 – Oversubscribed

Bank of Valletta (BOV) Series 2 Tranche 1 bond issue was oversubscribed, with the public’s response resulting in the bonds being fully subscribed within days of their launch. The successful bond issue highlights confidence in BOV and its ability to deliver sustainable growth. The oversubscription allowed BOV to increase the issue size to €150 million, including the over-allotment option. 

Izola Bank to Redeem €12 Million Unsecured Bonds This Month

Izola Bank has announced it will redeem its €12 million, 4.5% unsecured bonds later this month. These bonds, originally issued in May 2015, were set to mature by June 30, 2025.

Bondholders can expect to redeem their investments at the close of business on June 13, 2025, after which trading of these bonds will be suspended.

Izola Bank extended its gratitude to all bondholders and financial intermediaries for their continued trust and support.

MaltaPost Achieves Substantial Profit Growth in First Half of Fiscal Year 2025

MaltaPost p.l.c. has announced a robust financial performance for the first six months ending March 2025, reporting a significant 28 per cent increase in profit before tax. This growth saw profits rise to €3.2 million, a substantial improvement from the €2.5 million recorded during the corresponding period in the previous fiscal year.

The positive profit trajectory was underpinned by a healthy increase in total revenue, which grew from €20.9 million to €21.5 million. Concurrently, the national mail company demonstrated effective cost management, with total expenditure contained at €18.6 million, a slight decrease from €18.8 million in the prior year. These figures, according to the latest financial reports, underscore MaltaPost’s disciplined approach to its operations.

A key indicator of the company’s enhanced efficiency is the notable improvement in its cost-to-income ratio, which improved to 86% from 90% in 2024. This improvement directly reflects MaltaPost’s strategic focus on optimizing its operational processes and resource utilization.

Central Business Centres Projects 13.5% Revenue Growth in 2025

Central Business Centres plc (CBC), a property investment company, forecasts a 13.5% revenue increase in 2025, reaching €2.72 million, driven by strong performance from its St. Julian’s and Żebbuġ business centers.

Key financial projections include stable liabilities, a decrease in current assets, and a projected slowdown in investment spending after significant activity in 2024. Operational highlights include the recent opening of the LIDL Malta supermarket at the Żebbuġ site and ongoing refurbishment of a Valletta property. CBC also plans to repay two maturing bonds in 2025 while securing €5.6 million in new borrowing.

Malta Company Announcements:

GO plc

GO’s board is proposed a final net dividend of €0.08 per share for 2024.

This final dividend, if approved by shareholders at the June 19, 2025 Annual General Meeting, will be paid on June 24, 2025, to shareholders on record as of May 16, 2025.

PG plc

PG plc’s Board of Directors will meet on Wednesday, June 25, 2025, to discuss declaring an interim dividend. This announcement was made on May 28, 2025.

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