Mizzi Organisation’s 2024 Annual Report shows a rise in pre-tax profit to €8.6 million (from €8.2 million in 2023), reflecting its diverse operations across retail, automotive, and beverages. Gross profit slightly increased to €63.8 million, but operating profit declined to €11.5 million before property valuation gains and impairment. The group benefited from a €1.4 million […]

MedservRegis plc announced a post-tax profit of €2.09 million for 2024, a significant 62 per cent increase from the €1.29 million in 2023, driven by stronger revenues in Malta, the United Arab Emirates and Iraq. While adjusted EBITDA reached €16.1 million, it was slightly lower than the previous year’s €17.5 million. The integrated logistics specialist […]

RS2 is being considered a leading contender for the acquisition. Global payments processor and technology provider RS2 has officially confirmed its selection to submit a bid for HSBC Malta, a notable step forward in the sale of one of the nation’s largest banks. This news follows initial reporting by the Times of Malta.   In […]

MaltaPost plc has announced a significant pre-tax profit of €4.7 million for 2024, representing a substantial 106% increase compared to the previous year. The national postal service, part of the Lombard Bank Group, described the financial year ending September 30th, 2024, as a successful period where most planned targets were met. Recognizing the dynamic nature […]

MeDirect Bank’s 2024 financial results reflect a strategic shift away from international corporate lending (ICL), resulting in a €5 million pre-tax loss. This was primarily due to increased expected credit losses of €19.3 million, up significantly from €0.9 million in 2023, as a result of realised losses and deterioration within the ICL portfolio. Despite the […]

Bank of Valletta (BOV) announced record-breaking financial results for 2024, achieving a pre-tax profit of €302.4 million, a 20.2% increase from the previous year. This significant growth, attributed to strategic revenue expansion and effective cost management, was presented by BOV’s Chairperson, Dr. Gordon Cordina, CEO Kenneth Farrugia, and CFO Kevin Cardona. A major highlight of […]

APS Bank plc has reported substantial growth in its balance sheet for the year ending December 31, 2024, with total assets reaching €4.2 billion, an increase of €500 million. This expansion was primarily driven by a €314.7 million rise in net loans and advances to customers, alongside a significant increase in customer deposits, which grew […]

BMIT achieved record revenues of €33.6 million in 2024, a 17.2% increase. BMIT achieved record revenues of €33.6 million in 2024, a 17.2% increase (€4.9 million) driven by the full-year contribution from mobile network towers acquired from GO and growth in data center services. However, operating costs rose by 18.9% to €24.6 million, impacting profitability. […]

Driven by upcoming openings, projects, and a commitment to operational efficiency, the Group is poised for significant growth in 2025. Bortex Group Finance plc announced its financial results for the year ending October 31, 2024, reporting a turnover of €23.9 million, EBITDA of €5.2 million, and a profit before tax of €2.1 million. The company’s […]

The IHI Board of Directors has announced the issuance of €35 million in 5.30% unsecured bonds, maturing on April 1, 2035. These bonds will be issued at par (€100 per bond) and redeemed at their nominal value on the maturity date. Priority for Existing Bondholders: Holders of the 5.75% IHI Unsecured Bonds 2025 (ISIN: MT0000111295) […]

Hili Ventures Limited has announced its intention to launch a conditional voluntary public takeover bid to acquire all issued shares of Hili Properties plc. In response, Hili Properties has requested the Malta Financial Services Authority (MFSA) and the Malta Stock Exchange (MSE) to immediately suspend trading of its shares, promising to keep the market informed […]

Malta-based Multitude Bank plc has boosted its ownership in Lea Bank AB to 20.9%. Malta-based Multitude Bank plc has boosted its ownership in Lea Bank AB to 20.9%, solidifying its position as the largest shareholder and strengthening its strategic hold in the Nordic consumer finance market. Multitude AG and Bank CEO, Antti Kumpulainen, stated that […]