Plaza Centres plc registered a profit before tax of €750,467 during the first six months of the year.

This was slightly less than the €930,721 it generated in the first six months of 2025.

In the first half of this year, it generated revenue of €1.5 million, while its EBITDA amounted to €965,662. The company’s total assets are worth €37.9 million.

During the past six months, The Plaza more often made headlines for its corporate affairs than its operations. Last year, Virgata HQ Limited, a subsidiary of the Luxembourg-based private investment firm Virgata Group S.à r.l., increased its stake in Plaza Centres to 37.615 per cent. The new major shareholder wanted to shake things up at The Plaza. In May, the Virgata Group secured a victory at the company, when shareholders approved extraordinary resolutions put forward during an Extraordinary General Meeting. This paved the way for significant governance and capital structure changes at the Sliema commercial centre.

The company, in its half-yearly financial statements, said that The Plaza continues to benefit from its strategic Sliema location.

The company said that it remains focused on optimising its tenant mix and is “actively engaging with prospective tenants across a range of retail and commercial sectors, and continues to focus on curating a high-quality tenant mix that reflects evolving consumer preferences and market trends.”

It added that it has entered into a promise of sale agreement to acquire a childcare property in Sliema, “which the Board considers consistent with its strategy of strengthening and diversifying the property portfolio.”

The company said that its 3.9 per cent unsecured bonds 2026, with a nominal value of €4.9 million, are due for redemption on 22nd September. “The board will refinance the bond prior to the redemption date, and continues to actively monitor the company’s liquidity position in this regard.

The company also said that, following approval at an extraordinary general meeting in May, it is proceeding with a share buy-back programme of up to 2.4 million shares at a price between €0.75 and €0.95 per share.

The directors have also resolved to declare an interim net dividend to shareholders of €250,000, equivalent to €0.0098 per share. The cut-off date for eligibility to dividends shall be 19th August 2026 and only shareholders on the register of members on that date shall be eligible to receive the dividend, which will be paid on 2nd September 2026.