MaltaPost plc - Full-Year Results

On 18 December 2025, MaltaPost plc published its Annual Report and Financial Statements for the financial year ended 30 September 2025.

Revenues increased by 6.3% to €42.7 million reflecting the 7.3% increase in local revenues to €21.3 million as well as the 5.2% increase in international cross-border postal sales to €21.4 million. Postal revenues remained the predominant source of income at 85% of total group revenues, with the rest of the income emanating from document management, insurance commissions, and philatelic sales.

Operating costs excluding depreciation increased by 2.7% to €34.3 million, as the decrease in foreign direct mail costs was outweighed by the rise in employee costs. As a result, MaltaPost registered a record EBITDA of €8.65 million compared to €7.0 million in the previous year.

Depreciation and amortisation expenses remained relatively unchanged at €2.46 million. Consequently, operating profit amounted to €6.19 million compared to the €4.53 million figure in the previous financial year, which translates into a higher EBIT margin of 14.5% compared to 11.3% in FY2023/24.

MaltaPost also reported a share of profit of €0.19 million (FY2023/24: €0.06 million) from its life insurance associate IVALIFE Insurance Limited, in which MaltaPost has a 25% stake.

MaltaPost’s pre-tax profit surged by 36.8% to €6.40 million (FY2023/24: €4.68 million). After accounting for a tax charge of €2.28 million and profits to non-controlling interests of €0.10 million, the net profit attributable to MaltaPost’s shareholders amounted to a record €4.02 million compared to €2.90 million in the previous financial year, which translates into a return on shareholders’ funds of 11.9% (FY2023/24: 9.5%).

The Statement of Financial Position as at 30 September 2025, when compared to the corresponding figures as at 30 September 2024, shows that total assets increased by 10.2% (or €5.4 million) to €58.1 million, which include cash and deposits with financial institutions totalling €10.3 million and financial investments of €2.0 million.  Total liabilities rose by 16.4% (or €3.2 million) to €22.6 million, which include lease liabilities of €4.2 million as the company remained free from any borrowings. Overall, shareholders’ funds increased by 6.3% (or €2.1 million) to €34.8 million.

Dividend

The Directors declared an unchanged final net dividend of €0.024 per share, resulting in a payout ratio of 48% compared to 67% last year. The dividend will be paid on 18 March 2026 to all shareholders as at close of trading on 16 January 2026 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 19 February 2026.

Recent developments

In his commentary, the Chairman of MaltaPost noted that as e-commerce accelerated, the shift from letter mail to parcels continued alongside greater automation and digitalisation. Moreover, despite a challenging global environment shaped by economic pressures, US tariffs, technological advances and evolving consumer behaviour, MaltaPost made solid progress and delivered a resilient, positive performance. He further noted that the year marked the first full financial year under the Automated Tariff Revision Mechanism for USO services. However, no USO tariffs were revised and domestic entry-level rates remained the second lowest in Europe, and MaltaPost continued to bear the cost of subsidising single-piece local mail.

Outlook

The CEO of MaltaPost stated that the Group will remain focused on sustainable growth, service excellence, and continued digital and operational transformation. While remaining cautious amid global uncertainties, MaltaPost will strengthen last-mile delivery, expand its regional logistics network, refine its insurance strategy and pursue innovation to support fair working conditions and deliver value to shareholders.