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.