Hili Properties plc delivered a solid performance in the first half of 2025, with profit before tax rising by around €230,000 to €2.78 million, up from €2.55 million a year earlier.
The group owns and manages a diversified portfolio of commercial real estate across Malta, Estonia, Latvia, Lithuania and Romania, including office buildings, shopping centres, restaurants and healthcare facilities.
According to its interim financial statements, operating profit rose to €6.3 million, up from €5.9 million a year earlier.
Group revenues also increased to €7.9 million from €7.6 million, supported by the full operation of its assets. EBITDA improved accordingly, climbing to €6.36 million from €5.93 million.
Net assets grew slightly to €1.22 million as at June 2025, compared with €1.2 million in the same period last year.
At company level, however, Hili Properties registered a pre-tax loss of €1.76 million, following a loss of €836,630 in the first half of 2024. This was mainly attributed to higher finance costs linked to the acquisition of Băneasa SRL in Romania. Total assets stood at €90 million, marginally lower than the €92 million reported at year-end 2024.
Looking ahead, the group said it remains focused on strengthening its financial position despite ongoing macroeconomic challenges, including elevated interest rates and geopolitical uncertainty.
As part of this strategy, Hili Properties is refinancing debt and managing liquidity in preparation for the repayment of its €37 million bond maturing in October 2025.
