BMIT Technologies plc reported higher revenue for the first six months of 2026, although profitability declined as the company continued investing in its managed services and digital infrastructure operations.

Group revenue increased by 10.3 per cent to €20.2 million during the first half of 2026, up from €18.3 million in the corresponding period last year. The company attributed the growth primarily to continued expansion in its Data Centre & Managed IT Services segment, including cloud, managed and professional services, together with a stable contribution from its Mobile Network Towers & Property Holdings business.

Despite the higher revenue, EBITDA declined to €5.8 million from €6.3 million a year earlier, while operating profit fell to €3.8 million from €4.3 million. Profit before tax decreased to €3.1 million from €3.4 million, with profit after tax amounting to €1.7 million, compared to €1.9 million in the first half of 2025.

The company said profitability was affected by changes in its revenue mix, higher direct costs associated with cloud and managed services, and increased finance costs following strategic investments completed during 2025.

Operating costs, excluding depreciation and amortisation, rose to €14.4 million from €12.1 million, reflecting higher activity levels, the full-period contribution from 56Bit Limited and ongoing investment in the group's service platform.

As at 30th June 2026, BMIT's total assets stood at €99.3 million, up from €96.4 million at the end of 2025. Total liabilities increased to €86.4 million from €83.5 million, while total equity edged up to €12.9 million from €12.8 million.

During the period, the group also recognised €0.6 million as its share of profit from associate investments.

Looking ahead, BMIT said it remains focused on expanding its cloud, cyber resilience and managed services capabilities while continuing to invest in its core business. The group also expects to begin works on its new office facilities in Żejtun during the second half of the year and said it is pursuing opportunities to establish a presence in a new market.

The company declared a net dividend of €0.018 per share in respect of the 2025 financial year, amounting to €4 million, which was paid in June through either cash or a scrip dividend option for shareholders.