Main Street Complex reported a loss before tax of €40,593 for the first half of 2026, following a 61 per cent decrease in revenue compared with the corresponding period last year.

In its published financial statements, the company said the loss was primarily attributable to the expiration of most tenants’ leases in March 2026 and the commencement of the complex’s renovation and refurbishment programme in April.

As a result of the ongoing works, operating expenses decreased by €16,108 compared with the previous period, falling to €54,723 from €70,831 in 2025. Total administrative expenses and other costs remained broadly in line with those reported for the corresponding period.

The renovation works, estimated to cost around €880,000, are being financed through the company’s accumulated cash balances, which stood at €174,332 at the end of the period, together with bank credit facilities made available to the company.

The Board of Directors did not recommend the payment of a dividend in respect of the year ended 31st December 2025.

At the company’s Annual General Meeting, held on 22nd June 2026, the company said its focus during the current year remained on completing the refurbishment works at the complex. The board remains confident that the refurbishment, together with the opening of Little Greens in November 2026, will help attract new tenants to the remaining lettable spaces.