Malta International Airport plc kickstarted a share buyback programme last week, buying back 3,381 shares at prices ranging from €5.95 to €6 per share.

The listed company was authorised to initiate the programme during its latest AGM on 14th May, where shareholders gave their approval for buybacks amounting to €1.353 million shares at a minimum of €3 and a maximum of €7.38 per share.

The directors are also authorised to cancel any shares bought, with the share capital of the company being reduced accordingly.

The authorisation has been granted for a period commencing on the 1st of June 2025 until the next annual general meeting.

The buyback programme commenced on Monday 2nd June 2025. Rizzo Farrugia & Co. (Stockbrokers) Ltd is the executing entity of the share buyback programme on the Malta Stock Exchange.

All transactions executed under the programme (detailed and aggregated) will be disclosed through a weekly company announcement and will also be accessible on the Company’s website.

Shareholders often support share buyback programmes because they can increase earnings per share by reducing the number of outstanding shares, signal management’s confidence in the company’s value, and provide a tax-efficient way to return capital compared to dividends. Buybacks can also improve financial ratios like return on equity and offset dilution from employee stock options. 

Faced with low returns from investment in the Malta Stock Exchange, investors have been clamouring for companies to initiate similar programmes. Just a few days ago, BOV shareholders authorised the bank to conduct its own share buyback programme. 

About Malta International Airport

Malta International Airport welcomed 8.96 million passengers in 2024, registering growth of almost 15 per cent over the previous year. A flight schedule that connected the Maltese Islands to 109 destinations was in part the driver of this result.

The company continued to invest in the airport campus throughout the year, with one of the most significant achievements being the inauguration of four new aircraft parking stands as part of the Apron 8 South project. New CT scanners at the Security Screening Area and the addition of a new baggage reclaim belt were two other noteworthy investments for 2024 that have contributed to an improved airport experience.

The year 2024 was significant in terms of achievements related to sustainability. The company published its first Net Zero Carbon Plan and satisfied all criteria to be able to progress to Level 3 of the Airport Carbon Accreditation programme. It also kick-started works on a new €4 million photovoltaic farm in the last quarter of the year.

Malta International Airport plc is a public company listed on the Malta Stock Exchange, with its shareholders being the Malta Mediterranean Link Consortium (40 per cent), with Flughafen Wien AG owning a 96 per cent share, the Government of Malta (20 per cent), the general public (29.9 per cent), and VIE Malta Limited (10.1 per cent).