Malita Investments plc - Update on Strategic Review and Works Suspension

On 4 December 2025, Malita Investments plc announced that following a strategic review of its position on the Affordable Housing Project, it has exercised its contractual right to suspend works on the Qrendi, Cospicua and Ħal-Farruġ sites, being the only remaining open sites.

The Company has explored various options with relevant stakeholders to determine the most appropriate path forward for completing the Affordable Housing Project. However, none of these options have materialized. As such, the Board has now determined that the most appropriate course of action to complete the project at the above mentioned sites is to secure the necessary funding from its banks. In this respect, Malita is currently in active discussions with its banks to secure the required funding to enable works to resume and complete the housing projects at the three remaining sites.