MIA generates record net profit at interim level

The MSE Equity Price Index rose by 1.01% to a fresh three-month high of 3,897.482 points as the gains in HSBC and IHI outweighed the declines in APS, BMIT, Computime and FIMBank. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.11 million. Download today’s Equity Market Summary.

Malta International Airport plc held the €5.95 level on a single deal of 1,443 shares. Today, MIA published its interim results covering the six-month period ended 30 June 2025. Revenue rose by 11.1% to €71.9 million primarily driven by an 11.7% rise in traffic with total passenger movements reaching 4.5 million in the first half of the year as well as a strong performance in the non-aviation sector. Meanwhile, operating costs rose by 12.2% to €33.8 million resulting in an 11.0% increase in operating profit to €38.2 million. The Group’s net profit for the first half of 2025 amounted to a record interim level of €24.5 million, translating to an increase of 10.7% over the same period in 2024. The Board of Directors declared a net interim dividend of €0.06 per share, which is unchanged from the previous year. The dividend is payable by no later than Friday 12 September 2025 to all shareholders as at close of trading on Tuesday 19 August 2025.

The airport operator also upgraded its forecasts for this year from the ones given last January. For 2025, MIA now expects:

• Passenger movements of 9.7 million compared to the January forecast of 9.3 million.
• Revenue of €151 million compared to the January forecast of €147 million.
• EBITDA of €93 million compared to the January forecast of €91 million.
• Net profit of €49 million compared to the January forecast of €48 million.
• Capital investments forecast was unchanged at €70 million.

Bank of Valletta plc also traded flat at the €1.94 level as 36,139 shares changed hands. The board recently declared a net interim dividend of €0.0556 per share, payable on 2 September 2025 to shareholders as at close of trading on 13 August 2025.

Trident Estates plc closed unchanged at the €1.00 level on muted activity.

Hili Properties plc remained unchanged at the €0.24 level on two trades totalling 44,800 shares.

Meanwhile, BMIT Technologies plc slumped by 4.0% to the €0.29 level across four trades totalling 14,300 shares. Today BMIT published its interim results for the six-month period ended 30 June 2025. Revenue increased by 9.6% to €18.3 million, whilst operating costs rose by 17.9% to €14.0 million, resulting in a 10.9% decline in operating profit to €4.31 million. EBITDA fell by 5.4% to €6.25 million, with the EBITDA margin narrowing to 34.1% from 39.5% a year earlier. Net profit attributable to shareholders declined by 14.1% to €1.90 million, translating into an annualised return on average equity of 34.5% compared to 45.4% in the prior period. Total equity decreased by 11.5% to €11.3 million. The company also highlighted its recent acquisition of 56Bit and its potential purchase of a stake in Malta Properties Company plc.

Computime Holdings plc slumped by 8.0% to the €0.46 level on one trade of 2,000 shares.

APS Bank plc shed 1.0% to the €0.52 level over eight deals amounting to 25,309 shares. The board recently declared a net interim dividend of €0.00472 per share which will be paid on 19 September 2025, subject to regulatory approval, to all shareholders as at close of trading on 28 August 2025. The Bank indicated that it plans to undertake a rights issue in the last quarter of this calendar year.

Also in the banking sector, FIMBank plc declined by 2.8% to the USD0.14 level over three trades totalling 26,516 shares.

On the other hand, HSBC Bank Malta plc surged by 6.9% to a four-month high of €1.55 across three deals amounting to 896 shares. The Board of Directors recently declared an unchanged net interim dividend of €0.065 per share. The dividend is payable on 23 September 2025 to all shareholders as at close of trading on 18 August 2025.

International Hotel Investments plc rose by 7.0% to the €0.46 level on two deals amounting to 4,100 shares.

The RF MGS Index gained 0.40% to reach a one‑month high of 913.738 points. Data released today showed that producer prices in the euro area rebounded by 0.8% month‑over‑month in June for the first time in four months largely driven by higher energy costs. In fact, excluding energy, producer prices fell by 0.1%. The strongest monthly increases in industrial producer prices were recorded in Spain (+3.1%), Italy (+2.2%), and Portugal (+1.7%).

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.