Hili Properties plc has fully redeemed its €37 million 4.5 per cent Unsecured Bonds 2025 upon maturity on 16th October 2025

The board expressed its appreciation to all bondholders for their “confidence and support throughout the term,” as well as to authorised financial intermediaries for their collaboration.

The redemption comes on the back of a solid performance for the first half of 2025.

According to its interim financial statements published last month, Hili Properties’ profit before tax rose to €2.78 million, up from €2.55 million a year earlier. Operating profit increased to €6.3 million compared to €5.9 million in the same period of 2024, while EBITDA improved to €6.36 million from €5.93 million.

Group revenues climbed to €7.9 million from €7.6 million, supported by the full operation of its diversified commercial real estate portfolio spanning Malta, Estonia, Latvia, Lithuania, and Romania – including office buildings, shopping centres, restaurants, and healthcare facilities.

Net assets stood at €1.22 million as at June 2025, up from €1.2 million the previous year.

At company level, however, Hili Properties registered a pre-tax loss of €1.76 million, compared to a loss of €836,630 in the first half of 2024. This was mainly attributed to higher finance costs following the acquisition of Băneasa SRL in Romania. Total assets amounted to €90 million, slightly down from €92 million at year-end 2024.

Looking ahead, the group said it remains focused on strengthening its financial position amid elevated interest rates and geopolitical uncertainty. The repayment of the €37 million bond – which the company had been preparing for through refinancing and liquidity management initiatives – reinforces its financial resilience going forward.