Malta International Airport plc - Quarterly Update & April Traffic Results

On 13 May 2025, Malta International Airport plc published the financial results for the first three months of 2025. MIA also announced the traffic results for April.

Financial Performance: January to March 2025

Revenues during the first three months of 2025 amounted to €29.2 million, which is 13.7% higher than the comparable figure of €25.7 million in 2024.

Operating costs excluding depreciation increased by 13.0% to €12.3 million. MIA explained that this reflected the airport’s busier operations and the company’s strategic focus on talent development.

Since income increased at a faster pace than costs, EBITDA surged by 14.1% to €16.9 million compared to €14.9 million in the same period last year.

The profit before tax increased by 15.5% to €13.1 million compared to €11.3 million in the first quarter of 2024.

Overall, MIA generated a net profit of €8.5 million in the first quarter of the year compared to €7.3 million in the comparable period in 2024.

In terms of financial position as at 31 March 2025, when compared to 31 December 2024, total assets increased by 5.1% (or €18.8 million) to €389 million, which includes cash and other short-term investments totalling €70.8 million. Meanwhile, the airport operator remained free from any borrowings and the equity position strengthened by 4.0% (or €8.5 million) to €221 million.

MIA explained that capital expenditure for the quarter amounted to €15.8 million, principally related to ongoing major infrastructural projects, including Apron 8 South, SkyParks Business Centre II, and the VIP Terminal.

April 2025 Traffic Results

Malta International Airport plc stated that passenger movements in April 2025 amounted to a record 896,769, which is 15.8% above the comparable figure of 774,562 registered last year. This was the first time that passenger movements surpassed the 800,000 level in the month of April.

The seat load factor for April 2025 increased by 2.2 percentage points to 86.0% despite that the seat capacity rose by 12.8% when compared to last year.

MIA stated that for the first time since February 2022, the United Kingdom was the most popular destination, with a market share of 21.2%. This was closely followed by Italy, which captured 21.1% market share. The other key markets were Germany (7.9%), Poland (7.2%) and France (7.0%). MIA noted that Poland registered the highest year-on-year growth at 51.0%, due in part to LOT Polish extending its winter route to Warsaw into the summer season for the first time, and the launch of a new route to Rzeszów, operated by Ryanair.

The passenger movements during the four-month period ended April 2025 amounted to 2.69 million, representing an increase of 14.6% over the corresponding period last year.

MIA stated that when considering the airport’s traffic performance in the first four months of the year and the developments secured for the upcoming summer season, which will see over 100 routes in operation, the company remains confident that it can deliver its forecast of hosting 9.3 million passengers by the end of 2025.