Malta International Airport plc (MIA) held its 33rd Annual General Meeting on Wednesday, marking what Chairman Nikolaus Gretzmacher described as a “remarkable year” for the company, with strong traffic growth and record profits.

The AGM, which was attended by the board of directors, senior management, and shareholders, highlighted several achievements for the year, including the inauguration of four new aircraft parking stands, improved baggage handling systems, and sustainability milestones such as the launch of a Net Zero Carbon Plan and progress to Level three in the Airport Carbon Accreditation programme.

Addressing shareholders, Chief Executive Officer Alan Borg noted that growth was particularly strong in the off-peak months, reinforcing MIA’s efforts to improve year-round connectivity and diversify travel flows. He also announced that €24.4 million had been returned to shareholders, the highest dividend payout on record.

Looking ahead, Mr Borg said the company is entering a new phase of development with a €345 million investment plan over the next five years. At its centre is the “eastward expansion” – a major infrastructure project for which preparations are currently underway.

“Our commitment remains focused on the long-term success of the airport and the Maltese Islands. The Eastward Expansion will be transformative, and we are making steady progress toward its official launch,” Mr Borg stated.

The AGM also saw the approval of several resolutions, including a final dividend of €0.2769231 per share (gross), the reappointment of auditors, and a share repurchase authorisation.

The composition of the Board of Directors was also confirmed, with both Mr Borg and CFO Karl Dandler continuing in their executive roles.