K.A. Holdings Limited, a Malta-based property development company led by Kurt Abela, reported a net profit of €1.93 million for the year ended 31 December 2025.

The result marks an increase from €1.21 million in the previous year.

The group’s improved profitability was supported by higher rental income, fair value gains on investment properties, and continued strong occupancy across its commercial portfolio.

Operating profit rose to €2.21 million, up from €1.94 million in 2024, reflecting stable income streams from its investment properties, primarily located in Mrieħel and Swieqi.

Rental income reached €2.15 million during the year, compared to €1.94 million in 2024, driven by high occupancy levels at its Centris office buildings, which maintained occupancy rates of between 95% and 100%.

A key contributor to the group’s bottom line was an €819,957 fair value gain on investment properties, following a revaluation exercise carried out at year-end.

Profit before tax more than doubled to €2.58 million, while tax expenses increased to €647,210, resulting in the final net profit figure of €1.93 million.

The group’s total equity also strengthened, reaching €24.7 million by the end of 2025, up from €22.8 million a year earlier.

During the year, K.A. Holdings continued to expand its property portfolio, acquiring a site in St Julian’s intended for development into a three-star hotel, with demolition and excavation works already underway by year-end.

Despite the positive performance, the company flagged risks related to Malta’s competitive and potentially overheating property market, noting that increased supply of office space could place downward pressure on rental prices.

No dividend has been proposed for the year, with profits retained within the business to support future growth and investment.