“Bank of Valletta and Malta International Airport Post Strong H1 2025 Results, Announce Record Interim Dividends and Share Buybacks”

Bank of Valletta Reports – H1 2025

Bank of Valletta has declared a record interim net dividend of €35.7 million (€0.0556 per share) in its half-year results for the period ended 30th June 2025. Shareholders on the register as of 18th August 2025 will receive the dividend on 2nd September 2025.

The dividend announcement is complemented by a proposed share buy-back programme of €7.8 million, aimed at repurchasing over three million shares. Subject to shareholder approval at the AGM, the programme will run for up to 18 months, supporting liquidity and share tradability.

BOV reported a profit before tax of €135.1 million for H1 2025, in line with internal expectations despite a decline from €148.2 million in H1 2024. Net interest income rose to €188.7 million, while fee and commission income increased to €39.9 million. Operating income totalled €244 million, up 4.6% year-on-year.

Costs rose by 23%, reflecting ongoing investment in digital infrastructure and workforce expansion as part of the Bank’s 2024–2026 strategy. Total assets grew by 5.4% to €15.9 billion.

The Bank has revised its full-year 2025 profit guidance upward to €215–€250 million, supported by resilient core income and continued portfolio growth.

Chairman Gordon Cordina confirmed that dividend distributions are expected to remain strong, balancing shareholder returns with capital requirements and long-term investment goals.

Additionally, BOV’s €150 million bond issuance in May was fully subscribed within days, underscoring strong investor confidence.

Malta International Airport –H1 2025

Malta International Airport (MIA) has announced a net interim dividend of €0.06 per share, to be paid out by 12th September 2025, following a robust performance in the first six months of the year. The airport group’s interim financial results, submitted to the Malta Stock Exchange, reflect contributions from its subsidiaries: Airport Parking Limited, Sky Parks Development Limited, and Sky Parks Business Centre Limited.

For the January–June 2025 period, MIA recorded total revenue of €71.9 million – an 11.6% increase (€7.4 million) over the same timeframe in 2024. This growth was largely attributed to a notable 11.7% rise in passenger traffic, which reached a new high of 4.5 million travellers in the first half of the year.

Aviation-related operations generated €49.2 million, or 68.4% of total revenue, marking an 11.1% year-on-year improvement. Meanwhile, the retail and property segment brought in €22.4 million (31.2% of revenue), up 11.7% from the previous year. Other minor revenue streams accounted for €319,570 (0.4%).

Non-aviation activity also played a significant role, registering a 12% year-on-year increase. Aircraft movements rose by 12% to 31,436, and seat capacity expanded by 587,716 seats – also a 12% jump. Despite these increases, the seat load factor remained unchanged at 84%, matching 2024 figures.

The first quarter, often a slower period, also showed promising signs of momentum. February was particularly strong, with an 18% year-on-year surge in passenger numbers.

Operational growth was further boosted by the addition of three new airlines – SAS, Volotea, and LOT Polish Airlines – starting service at MIA in H1. Qatar Airways followed in July, launching direct flights between Malta and Doha.

The group’s net profit rose to €24.5 million, representing a 10.7% improvement compared to the first half of 2024. Capital investment during the period increased to €34.4 million, up from €28.2 million a year earlier. A significant portion of this was directed towards completing a new VIP terminal, which opened in June. Additionally, excavation for the upcoming Sky Parks Business Centre 2 is nearly complete, with construction set to begin by late Q3. This new project will also feature a hotel expected to be finished by 2027.

In line with ongoing shareholder return initiatives, MIA repurchased 17,692 shares in June at an average price of €5.95 per share – continuing a pattern seen in previous months.

Malta Company Announcements:

Fimbank plc

On 25 July 2025, FIMBank plc announced that its Board of Directors is scheduled to convene on Thursday, 28 August 2025, to review and consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

APS Bank plc

The Board declared a net interim dividend of €1.8 million equivalent to €0.00472 per share. This cash dividend will be payable to all shareholders on the register as at the close of trading on 28 August 2025.

Subject to regulatory approval, payment is scheduled for 19 September 2025.

Plaza Centres plc

The Board of Directors declared an interim net dividend of €0.0098 per share. The dividend will be payable to shareholders on the register as at the close of trading on Tuesday, 12 August 2025. The dividend is scheduled for payment on Thursday, 28 August 2025.

MedservRegis plc

On 27 June 2025, MedservRegis plc announced that its Board of Directors is scheduled to meet on Friday, 29 August 2025, to review and consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

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