BMIT Technologies plc - Full-Year Results

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.