Plaza Centres plc, whose principal activity is to lease, manage and market the Plaza Shopping and Commercial Centres in Sliema, has recommended an interim net dividend payment of €250,000, equivalent to €0.0098 per share.
The announcement was made as part of the company’s half-yearly financial statements for the six-month period ended 30th June 2025. Shareholders on the register as of 14th August 2025 will be eligible to receive the dividend, which is scheduled for payment on 28th August 2025.
During the reporting period, Plaza Centres recorded a 1.7 per cent increase in revenue, rising from €1.57 million to €1.6 million compared to the same period last year. EBITDA also saw a modest increase of 1.79 per cent, reaching €1.12 million from €1.1 million. Profit after tax rose significantly by 19.4 per cent, climbing from €580,426 to €693,178.
The group noted that it had disposed of certain bond investments and acquired new debt and equity securities as part of its ongoing portfolio management strategy. The financial impact of these moves is reflected in the current results.
Occupancy levels remained stable at 96 per cent, unchanged from the first half of 2024.
Looking ahead, the group expects the second half of the year to deliver a similar performance, while maintaining a cautious outlook due to ongoing economic uncertainty and geopolitical instability.
In the group's latest developments, Virgata Group, which focuses on commercial real estate, have acquired a 5.95 per cent stake in Plaza Centres plc.
Virgata Group invests family capital, predominantly in European commercial real estate and related opportunities. The private investment firm is registered in Luxembourg but have a flagship building, the Van Nellefabriek, in Rotterdam, the Netherlands.
In a separate announcement to the Malta Stock Exchange, Plaza Centres also revealed plans to repurchase €1 million worth of its 3.9 per cent unsecured bonds, which mature in 2026. The bond buyback program will remain open until 31st October 2025, with the company offering a maximum price of €0.984 per bond.
Established in 1993, The Plaza Shopping Centre features four floors dedicated to retail, dining, training and entertainment, along with five additional floors of office space.
