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MIA reports double-digit growth in Q1 profits

cyber

May 13, 2025

Daily Market Highlights
13 May, 2025
5 min read
Daily Market Highlights
13 May, 2025
5 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

The MSE Equity Price Index rose by 0.17% to 3,830.311 points as the gain in BOV outweighed the declines in GO, Harvest, and MPC. Meanwhile, two equities closed unchanged as today’s trading activity was muted at around €75,000. Download today’s Equity Market Summary. 

Malta International Airport plc closed unchanged at the €5.75 level on two deals totalling 1,950 shares. Today, MIA published the financial results for the first three months of 2025 and announced the traffic results for April. Revenues increased by 13.7% to €29.2 million while EBITDA surged by 14.1% to €16.9 million. Overall, MIA generated a net profit of €8.5 million in the first quarter of the year compared to €7.3 million in the comparable period in 2024. MIA stated that passenger movements in April 2025 amounted to a record 896,769, which is 15.8% above last year’s comparable figure. The seat load factor for April 2025 increased by 2.2 percentage points to 86.0% despite that the seat capacity rose by 12.8% when compared to last year. The passenger movements during the four-month period ended April 2025 amounted to 2.69 million, representing an increase of 14.6% over the corresponding period last year. MIA is holding its Annual General Meeting tomorrow.

Hili Properties plc closed unchanged at the €0.24 level across three deals totalling 18,000 shares.

Bank of Valletta plc increased by 1.0% to the €2.00 level across seven deals totalling 26,050 shares.

On the other hand, GO plc shed 0.7% to the €2.68 level on a single deal of 1,490 shares. GO shareholders as at the close of trading on 16 May 2025 are entitled to a final net dividend of €0.08 per share subject to shareholders’ approval at the upcoming AGM scheduled for 19 June 2025.

Malta Properties Company plc fell by 5.2% to the €0.33 level on two trades totalling 10,000 shares.

Harvest Technologies plc decreased by 1.6% to the €0.90 level over trivial volumes.

The RF MGS Index fell for the third consecutive session as it dropped by 0.19% to a fresh one-month low of 910.818 points. Sovereign bond yields in the euro area and the US moved higher following the pause on the recent harsh tariffs between the US and China. Furthermore, data released today showed that inflation in the US during April stood at 2.3%, the lowest level since February 2021 and less than the 2.4% which was forecasted. The cost of energy declined at a faster rate while food and transport costs registered a slower rate of growth.

 

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.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

MIA reports double-digit growth in Q1 profits

The MSE Equity Price Index rose by 0.17% to 3,830.311 points as the gain in BOV outweighed the declines in GO, Harvest, and MPC. Meanwhile, two equities closed unchanged as today’s trading activity was muted at around €75,000. Download today’s Equity Market Summary. 

Malta International Airport plc closed unchanged at the €5.75 level on two deals totalling 1,950 shares. Today, MIA published the financial results for the first three months of 2025 and announced the traffic results for April. Revenues increased by 13.7% to €29.2 million while EBITDA surged by 14.1% to €16.9 million. Overall, MIA generated a net profit of €8.5 million in the first quarter of the year compared to €7.3 million in the comparable period in 2024. MIA stated that passenger movements in April 2025 amounted to a record 896,769, which is 15.8% above last year’s comparable figure. The seat load factor for April 2025 increased by 2.2 percentage points to 86.0% despite that the seat capacity rose by 12.8% when compared to last year. The passenger movements during the four-month period ended April 2025 amounted to 2.69 million, representing an increase of 14.6% over the corresponding period last year. MIA is holding its Annual General Meeting tomorrow.

Hili Properties plc closed unchanged at the €0.24 level across three deals totalling 18,000 shares.

Bank of Valletta plc increased by 1.0% to the €2.00 level across seven deals totalling 26,050 shares.

On the other hand, GO plc shed 0.7% to the €2.68 level on a single deal of 1,490 shares. GO shareholders as at the close of trading on 16 May 2025 are entitled to a final net dividend of €0.08 per share subject to shareholders’ approval at the upcoming AGM scheduled for 19 June 2025.

Malta Properties Company plc fell by 5.2% to the €0.33 level on two trades totalling 10,000 shares.

Harvest Technologies plc decreased by 1.6% to the €0.90 level over trivial volumes.

The RF MGS Index fell for the third consecutive session as it dropped by 0.19% to a fresh one-month low of 910.818 points. Sovereign bond yields in the euro area and the US moved higher following the pause on the recent harsh tariffs between the US and China. Furthermore, data released today showed that inflation in the US during April stood at 2.3%, the lowest level since February 2021 and less than the 2.4% which was forecasted. The cost of energy declined at a faster rate while food and transport costs registered a slower rate of growth.

 

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.