Hili Properties plc - Full-Year Results

On 27 April 2026, Hili Properties plc published its Annual Report and Financial Statements for the year ended 31 December 2025.

Total revenue, inclusive of other operating income remained unchanged at €17 million as the Group reported a stable performance across its portfolio of commercial properties in Estonia, Latvia, Lithuania, Malta and Romania.

On the expenditure side, operating costs decreased by 8.9% to €3.60 million (2024: €3.95 million) amid lower administrative expenses. Consequently, the operating profit (EBIT) increased by 2.6% to €13.4 million from €13.1 million in the previous year. The EBIT margin climbed to 78.9% (2024: 76.8%).

The financial performance was positively impacted by a net fair value increase on property assets of €2.81 million (2024: net decrease of €0.42 million).

Meanwhile, net finance costs increased by 10.9% to €7.25 million from €6.54 million in the previous year reflecting higher processing fees.

The profit before tax rose by 46.6% to €8.99 million. After accounting for a tax charge of €2.38 million, the net profit attributable to shareholders amounted to €6.60 million, which translates into a return on average equity of 5.4% (2024: 3.68%).

The Statement of Financial Position as of 31 December 2025 shows that total assets decreased by 1.1% (or €2.7 million) to €250.2 million, largely composed of investment property, including assets held for sale, totalling €236 million.

Meanwhile, total liabilities decreased by 7.1% (or €9.4 million) to €123.3 million.  Shareholders’ funds increased by 5.6% (or €6.7 million) to €126.9 million, which translates into a net asset value of €0.317 (2024: €0.300) per share.

Dividend

The Directors are recommending the payment of a final net dividend of €0.0052 per share on 29 May 2026 to all shareholders as at the close of trading on Wednesday 6 May 2026.

Outlook

The Board of Hili Properties expects steady demand across its key markets and will continue to focus on operational efficiency, selective acquisitions, and sustainable initiatives. While macroeconomic and geopolitical factors may present challenges, the Directors believe that the Group is well-positioned to manage risks and support long-term growth.

On 16 April 2026, the company submitted an application to the MFSA for the discontinuation of listing of all the company’s shares from the Official List of the Malta Stock Exchange.