“VBL Group Reports Strong Half-Year Performance and Declares Final Dividend…”

Valletta-based real estate developer VBL Group has announced the distribution of a final net dividend of €220,000, equivalent to €0.0008829 per ordinary share, as disclosed in its half-yearly financial statements.

The Group delivered a solid financial performance during the reporting period, generating revenues of €2.13 million, marking a 25% increase over the €1.7 millionreported in the corresponding period of the previous year.

EBITDA experienced a significant uplift, reaching €784,394, up from €310,794—an increase of 152%. Profit before tax rose to €119,836, representing a 72% growth compared to €69,706recorded in the same period last year.

VBL Group remains focused on the full spectrum of real estate operations—ranging from property acquisition and integrated development to asset management, operations, and eventual disposal—within its core market of Valletta.

Since its establishment over a decade ago, the Group has grown into one of the largest and most active investors in Valletta’s immovable property sector, reinforcing its strategic vision for urban regeneration and sustainable development in the capital.

MMH Finance Affirms Bond Interest Commitment, Delays Financial Reports Until December

MMH Finance, the financing arm of Mediterranean Maritime Hub (MMH Holdings Ltd), has confirmed that it will meet its bond interest payments this year on its €15 million bond issue, due to mature on 14 October 2026.

At the same time, the company announced a further delay in the release of its audited financial statements for 2024. Both these accounts, as well as the interim financial statements for the six months ending 30 June 2025, are now expected to be published by 18 December 2025.

This marks a significant extension from the original deadline of 30 April 2025. The group had already postponed publication of its 2024 results—first to 30 June, and then to 25 August.

In September 2024, MMH disclosed that it would need alternative financing to redeem the €15 million bond upon maturity. In its latest update, the company stated it is still “in discussions with a prospective investor group,” which is currently conducting due diligence on the business.

If MMH fails to repay its bondholders, Malta would face its first major corporate bond default.

MMH, which holds a 65-year lease over the former Marsa Shipbuilding site granted by the Maltese Government in 2016, has been seeking strategic investors since early 2023. At that time, it signed a letter of intent with Virtu Holdings, the operator of Virtu Ferries, and a subsidiary of Francis Busuttil & Sons, one of Malta’s leading food distributors. That agreement eventually collapsed, and by September 2024 the company admitted it would require “alternative financing” to redeem the bond.

Talks with the Government to negotiate a “balanced” termination of the concession were also unsuccessful, raising concerns that bondholders might not be repaid.

However, the risk now appears to have eased, with reports suggesting that a group of major investors—including players in shipping, fisheries, construction, and logistics—is preparing to step in.

Central Business Centres plc Extends Redemption Date of €3.25m Notes

Central Business Centres plc (CBC) has obtained noteholder approval to extend the maturity of its €3.25 million Zero Coupon Unsecured Callable Notes.

During a meeting held on Thursday, investors agreed to push back both the redemption and callable dates to 28 February 2026. The issue had originally been scheduled for repayment on 31 August 2025, following its launch last year under an Offering Document dated 13 August 2024.

The extension provides CBC with additional time to strengthen its balance sheet. The company explained that it is in the process of securing longer-term financing to fund recent property purchases, restructure existing debt, and complete a promise-of-sale agreement signed in July for another commercial property.

Established in 2014, CBC specialises in commercial real estate, generating rental income from a portfolio valued at around €75 million. Its assets include six properties: the Savoy Arcade in Valletta, a Żebbuġ site occupied by Lidl, and business centres located in Gudja, St Julian’s, Valletta, Żebbuġ, and Mrieħel.

Looking ahead, CBC also faces the redemption of another issue — the 5.25% Unsecured Notes 2025 S2T — which falls due in December 2025.

Malta Company Announcements:

GO plc

The Board of Directors has announced a net interim dividend of €0.07 per share. The dividend will be paid on Tuesday, 2 September 2025, to shareholders listed on the company’s register at the close of trading on Wednesday, 13 August 2025.

Bank of Valletta plc

The Board has approved an interim net dividend of €35.7 million, equivalent to €0.0556 per share. The dividend will be disbursed on Tuesday, 2 September 2025, to shareholders recorded as of close of trading on Wednesday, 13 August 2025.

Trident Estates plc

Trident Estates plc has scheduled a Board of Directors meeting for Wednesday, 10 September 2025, to review and approve the interim financial results for the six-month period ending 31 July 2025.

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