“GO plc Posts €20.7 Million Profit Amid Key Network Milestones…”

GO plc reported a record profit of €20.7 million for the financial year ending 31 December 2025, marking a 31.8% increase compared to the previous year. The growth was driven by higher revenues and ongoing operational efficiencies. Revenue rose 3.9% to €254.4 million, while EBITDA reached €92 million, a 1.5% increase, moderated by infrastructure investments and inflationary pressures.

The Board declared a final net dividend of €0.09 per share, up from €0.08 in 2024, bringing the total dividend for 2025 to €0.16 per share, compared to €0.13 in 2024. The final dividend will be paid on 2 June 2026 to shareholders registered as of 17 April 2026.

Key milestones in 2025 included the full deployment of True Fibre across Malta, the launch of 10G internet, and the introduction of Voice over WiFi (VoWiFi), enhancing connectivity across the islands. Celebrating its 50th anniversary, GO continues to expand through subsidiaries such as BMIT Technologies, AQS, Klikk, and Cablenet in Cyprus, diversifying beyond its original telecom operations.

Group CEO Nikhil Patil emphasized that strong customer-focused investments and shareholder returns are aligned, noting the company’s robust foundation as it enters its next chapter.

Multitude Bank Reports Strong 2025 Performance with €22.8 Million Profit

Multitude Bank plc delivered a post-tax profit of €22.8 million for 2025, up from €17.5 million the previous year, driven by growth in fee income and lower credit losses. While net interest income declined slightly, overall revenues rose, supported by both consumer and corporate lending across multiple European markets.

The bank invested in technology and marketing, leading to a moderate increase in operating expenses, yet profit before tax climbed to €23.6 million. Total assets grew 28% to €1.3 billion, with loans to customers expanding to €672.2 million and deposits rising to €1.03 billion, mainly from clients in Germany and Sweden. Investments focused on secured instruments, including SME loan-backed portfolios and bonds.

Liquidity and capital remained strong, with a Liquidity Coverage Ratio of 686% and capital ratios comfortably above regulatory requirements. Multitude Bank continues to emphasize a cautious, collateral-backed investment strategy while expanding its lending footprint across Europe.

CF Estates Finance Notes Fully Redeemed

CF Estates Finance plc has concluded a €4.9 million bond programme following the repayment of its notes at final maturity.

The bonds, which attracted full investor demand when they were launched in 2024, have now been redeemed in full. Investors received €100 per note, reflecting the maximum redemption value provided for under the terms of the issue.

Unlike traditional bond structures, the notes were sold at an issue price of €89.80 and carried no periodic interest payments. Investor returns were instead built into a variable redemption framework, with higher amounts payable the longer the notes were held.

Those who retained the bonds through to the final redemption phase, which closed on 20 March 2026, received the highest possible return, realising the full value uplift embedded in the structure.

The capital raised through the issuance was deployed for general corporate purposes and advanced to CF Estates Ltd, which acted as guarantor. The bonds were supported by security in the form of a pledge over all issued shares of the guarantor company, offering an additional safeguard for noteholders.

CF Estates Finance plc functions as the funding arm of the CF Estates group, which is active in the real estate and hospitality sectors. At the time the bonds were issued, property developer Joseph Portelli was the group’s largest shareholder and an executive director, holding a 30 per cent stake. The remaining shareholding was held by other investors, each with a 17.5 per cent interest. Mr Portelli exited the group towards the end of 2025.

Catena Media Reports 2025 Results Amid Organisational Restructuring

Catena Media, headquartered in Malta, posted revenue of €46.6 million from continuing operations in 2025, a 6% decline from €49.6 million in 2024, reflecting a year of organisational transition and operational challenges.

Adjusted EBITDA increased to €9.9 million, up from €5.4 million, with the margin improving to 21% from 11%. The company attributed the improvement to cost-saving measures, a leaner operational model, and stronger execution in the second half of the year.

Significant restructuring included the elimination of over 50 roles (approximately 25% of headcount) and the removal of one management layer, generating annual cost savings of €4.5–5 million. By year-end, total employees numbered 151, down from 173, and a North American hub was established in Miami to enhance collaboration and operational efficiency.

Performance strengthened in H2, with Q4 revenue rising 53% year-on-year to €15.6 million and adjusted EBITDA reaching €4.7 million, reflecting a 30% margin. North America remained the company’s primary market, accounting for 98% of Q4 revenue. Strategic initiatives included the launch of the MRKTPLAYS subaffiliation platform to diversify revenue and reduce reliance on organic search.

The year also included setbacks, notably a €16.5 million impairment of North American sports and Asia-Pacific casino assets. Earnings per share improved to a loss of €0.10, compared with a loss of €0.58 in 2024. Catena Media deferred interest on its H01 hybrid securities while repaying senior unsecured bonds, creating financial flexibility for strategic investments.

Looking ahead, the company aims for double-digit organic growth in both revenue and adjusted EBITDA in 2026.

Malta Company Announcements:

Grand Harbour Marina plc

On 23 March 2026, Grand Harbour Marina plc announced that its Board of Directors will convene on Monday, 30 March 2026, to consider and approve the financial statements for the year ended 31 December 2025.

Plaza Centres plc

Plaza Centres plc announced on 9 March 2026 that its Extraordinary General Meeting has been postponed to Tuesday, 14 April 2026, following delays in obtaining the necessary regulatory approvals.

Shareholders registered at the close of trading on 11 March 2026 will be issued an explanatory circular and will be eligible to attend and vote at the rescheduled meeting.

‘Disclaimer: The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Timberland Finance has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. All investments carry risks. Your investments may go up as they may go down, including the possible loss of capital. Past performance is not indicative of future results. Timberland Finance does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website. This website is owned and operated by Timberland Invest Ltd. Timberland Invest Ltd. is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act. ’