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BMIT Technologies plc – Full-Year Results

Jonathan Falzon

March 10, 2026

Market News
10 March, 2026
6 min read
Market News
10 March, 2026
6 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

Financial Performance

On 10 March 2026, BMIT Technologies plc published its Annual Report and Financial Statements for the year ended 31 December 2025.

Revenues increased by 8.7% (or €2.9 million) to a record €36.5 million. Turnover from the ‘Data Centre & Managed IT Services’ and ‘Hardware and License Sales’ segment rose by 9.2% to €32.3 million, driven by strong growth in cloud services, professional services and hardware & license sales, which offset a slight decline in traditional datacentre revenues. Meanwhile, revenue from the ‘Mobile Network Towers & Property Holdings’ segment increased by 6.6% to €4.3 million, supported by the addition of 13 new mobile tower sites during the year, bringing the total number of managed sites to 299 by the end of the year.

Operating costs increased by 15.2% to €28.3 million amid higher expenses across all categories. Consequently, operating profit (EBIT) fell by 9.2% to €8.2 million compared to €9.0 million in the previous year and the EBIT margin dropped to 22.4% from 26.9% in the previous year. Excluding depreciation and amortisation charges of €3.8 million, EBITDA fell by 5.6% to €12.0 million and the EBITDA margin decreased to 32.9% compared to 37.8% in 2024.

Net finance costs increased by 13.1% to €2.0 million (2024: €1.8 million), reflecting additional interest paid on the €20 million loan to part-fund the investment in Malta Properties Company plc.

BMIT also recorded share of profits of €0.17 million from its associates MPC and EBO.

Overall, BMIT reported a pre-tax profit of €6.3 million which is 12.4% lower than the previous corresponding figure of €7.2 million. After accounting for a tax charge of €2.9 million and minimal profits attributable to non-controlling interest, the net profit attributable to shareholders amounted to €3.4 million (-17.7%), which translates into a return on average total equity of 27% (2024: 35%).

The Statement of Financial Position as at 31 December 2025 shows that total assets rose by 28.7% (or €21.5 million) to €96.4 million mainly driven by the acquisition of the 49% stake in Malta Properties Company plc for a total consideration of €25.3 million. Likewise, total liabilities rose by 28.7% (or €21.4 million) mainly reflecting the new €20 million loan that part-financed the MPC acquisition. BMIT’s total debt rose by 37.5% to €68.6 million consisting of bank borrowings amounting to €67.0 million and lease liabilities of €1.55 million. Meanwhile, total equity remained relatively unchanged at €12.8 million.

Dividend

The Directors of BMIT are recommending the payment of a net dividend of €4.0 million, which is unchanged in absolute terms from last year, and corresponds to a payout ratio of 115% (2024: 96%). The net dividend per share amounts to €0.0183 which is 3.3% lower than the previous year, reflecting the impact of the additional outstanding shares due to the scrip issue in July 2025.

The dividend will be payable to all shareholders as at close of trading on Wednesday 15 April 2026, who will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.27 per share, subject to shareholder approval at the upcoming Annual General Meeting scheduled for Tuesday 19 May 2026.

Strategic Investments

In May 2025, BMIT acquired a 51% stake in 56Bit Ltd, which is an AWS Advanced Tier Services Partner, in order to strengthen its cloud and managed services capabilities. The minority shareholders of 56Bit Ltd were also granted written put options enabling them to sell their remaining shares to BMIT in two tranches of 29% in 2027 and 20% in 2029.

In October 2025, the Group acquired a 49% shareholding in Malta Properties Company plc for a total consideration of €25.3 million. MPC is a commercial property company listed on the Malta Stock Exchange.

Outlook

The CEO stated that business was positioned well for the period ahead, with three key priorities for 2026, namely the disciplined deployment of AI solutions, regional expansion beyond Malta, and the continued leveraging of the foundations built through the investments of recent years namely the mobile towers, MPC and 56Bit.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 10 March 2026, BMIT Technologies plc published its Annual Report and Financial Statements for the year ended 31 December 2025.

Revenues increased by 8.7% (or €2.9 million) to a record €36.5 million. Turnover from the ‘Data Centre & Managed IT Services’ and ‘Hardware and License Sales’ segment rose by 9.2% to €32.3 million, driven by strong growth in cloud services, professional services and hardware & license sales, which offset a slight decline in traditional datacentre revenues. Meanwhile, revenue from the ‘Mobile Network Towers & Property Holdings’ segment increased by 6.6% to €4.3 million, supported by the addition of 13 new mobile tower sites during the year, bringing the total number of managed sites to 299 by the end of the year.

Operating costs increased by 15.2% to €28.3 million amid higher expenses across all categories. Consequently, operating profit (EBIT) fell by 9.2% to €8.2 million compared to €9.0 million in the previous year and the EBIT margin dropped to 22.4% from 26.9% in the previous year. Excluding depreciation and amortisation charges of €3.8 million, EBITDA fell by 5.6% to €12.0 million and the EBITDA margin decreased to 32.9% compared to 37.8% in 2024.

Net finance costs increased by 13.1% to €2.0 million (2024: €1.8 million), reflecting additional interest paid on the €20 million loan to part-fund the investment in Malta Properties Company plc.

BMIT also recorded share of profits of €0.17 million from its associates MPC and EBO.

Overall, BMIT reported a pre-tax profit of €6.3 million which is 12.4% lower than the previous corresponding figure of €7.2 million. After accounting for a tax charge of €2.9 million and minimal profits attributable to non-controlling interest, the net profit attributable to shareholders amounted to €3.4 million (-17.7%), which translates into a return on average total equity of 27% (2024: 35%).

The Statement of Financial Position as at 31 December 2025 shows that total assets rose by 28.7% (or €21.5 million) to €96.4 million mainly driven by the acquisition of the 49% stake in Malta Properties Company plc for a total consideration of €25.3 million. Likewise, total liabilities rose by 28.7% (or €21.4 million) mainly reflecting the new €20 million loan that part-financed the MPC acquisition. BMIT’s total debt rose by 37.5% to €68.6 million consisting of bank borrowings amounting to €67.0 million and lease liabilities of €1.55 million. Meanwhile, total equity remained relatively unchanged at €12.8 million.

Dividend

The Directors of BMIT are recommending the payment of a net dividend of €4.0 million, which is unchanged in absolute terms from last year, and corresponds to a payout ratio of 115% (2024: 96%). The net dividend per share amounts to €0.0183 which is 3.3% lower than the previous year, reflecting the impact of the additional outstanding shares due to the scrip issue in July 2025.

The dividend will be payable to all shareholders as at close of trading on Wednesday 15 April 2026, who will have the option to receive the dividend either in cash or in new ordinary shares at an attribution price of €0.27 per share, subject to shareholder approval at the upcoming Annual General Meeting scheduled for Tuesday 19 May 2026.

Strategic Investments

In May 2025, BMIT acquired a 51% stake in 56Bit Ltd, which is an AWS Advanced Tier Services Partner, in order to strengthen its cloud and managed services capabilities. The minority shareholders of 56Bit Ltd were also granted written put options enabling them to sell their remaining shares to BMIT in two tranches of 29% in 2027 and 20% in 2029.

In October 2025, the Group acquired a 49% shareholding in Malta Properties Company plc for a total consideration of €25.3 million. MPC is a commercial property company listed on the Malta Stock Exchange.

Outlook

The CEO stated that business was positioned well for the period ahead, with three key priorities for 2026, namely the disciplined deployment of AI solutions, regional expansion beyond Malta, and the continued leveraging of the foundations built through the investments of recent years namely the mobile towers, MPC and 56Bit.