Malta Properties recorded a profit after tax of €1.03 million during the first six months of 2026, more than doubling the €500,944 reported during the same period in the previous year.

In its published financial statements, the company said the strong increase in profit reflected higher rental income from new leases secured this year. Profit rose to €1.03 million from €500,944.

Rental income increased by 29 per cent to €2.9 million, as several of the group's properties that became vacant at the end of 2024 were renovated during the early months of 2025 and subsequently leased to new tenants.

Additions during the first half of this year amounted to €0.9 million, increasing the group's property portfolio value to €94.8 million. The increase mainly relates to renovation works carried out at Marsa Central Building and The Exchange at Spencer Hill, Marsa.

As of 30th June 2026, the Group's cash and cash equivalents, including deposits, amounted to €1.77 million, down from €4.6 million. According to the financial statements, the decrease was mainly due to internal funds being used for the renovation of various properties.

In an official statement, the company said that during the first half of 2026 it focused on completing renovation works across its portfolio, facilitating the move-in of new tenants into the refurbished spaces, and negotiating further lease agreements to secure the group's remaining vacant areas.

The company also progressed preparation works for the addition of a new floor at Marsa Central Building and continued to assess new acquisition opportunities to expand its portfolio.