BMIT Technologies plc has reported a 9.6 per cent year-on-year increase in revenue for the first half of 2025, reaching €18.3 million compared to €16.7 million in the same period last year.

This growth was primarily driven by rising demand for cloud and managed services, which contributed €16.2 million in revenue.

The Group’s EBITDA for the period stood at €6.3 million, slightly lower than the €6.6 million reported in H1 2024. Profit before tax amounted to €3.4 million, down from €3.9 million the previous year, while profit after tax totalled €1.9 million, compared to €2.2 million in the same period of 2024. The decline was attributed to increased operating costs and strategic investments.

Strategic investment and expansion

A key milestone for the Group was its acquisition of a 51 per cent stake in 56Bit Limited in May 2025. 56Bit is an AWS Advanced Tier Services Partner specialising in cloud solutions, DevOps, and managed services. The transaction strengthens BMIT’s multi-cloud capabilities and its position as a leading hybrid IT provider in Malta.

BMIT also announced plans to acquire 49 per cent of Malta Properties Company plc (MPC), a move expected to expand its presence in the digital infrastructure space. MPC owns and manages a portfolio of commercial properties across Malta, many of which support critical telecommunications and tech infrastructure.

Tower expansion and revenue diversification

The Group continued expanding its mobile tower operations, commissioning six new sites in H1 2025. This brought the total number of managed sites to 292. Revenue from the tower segment reached €2.1 million, representing 11.5 per cent of overall Group revenue.

Despite increased revenues, operating costs rose to €12.1 million, up from €10.1 million a year earlier, due to higher cloud service delivery costs, payroll growth, and consultancy fees linked to recent investments.

Financial position and outlook

Total assets increased to €77.8 million, largely due to a rise in cash balances which reached €10 million by end-June. Meanwhile, liabilities grew to €66.5 million, driven by deferred consideration for the 56Bit acquisition and a €1.7 million dividend payable.

Equity declined slightly to €11.3 million, impacted by the recognition of a €2 million reserve linked to put options available to minority shareholders in 56Bit.

Looking ahead, BMIT signalled continued investment in hybrid IT, cyber resilience, and cloud infrastructure. It is also exploring expansion beyond Malta and assessing the use of AI and machine learning to enhance automation and service delivery.

A net dividend of €0.019 per share was declared for the 2024 financial year, with a scrip option offered to shareholders. New shares were issued in July 2025 as part of this dividend distribution.