Stivala Group, a major player in Malta’s property and hospitality sectors, has registered a profit before tax of €4.19 million for the first six months of 2025, a 5 per cent increase from the €3.99 million achieved in the comparable period last year.

These results were released in the Group’s unaudited condensed interim financial statements for the six-month period ended 30th June 2025.

The group, which is primarily active in property letting, development, and hospitality, has attributed this steady growth to a robust Maltese economy and the strategic progression of its significant capital projects.

The interim report highlights the resilient economic environment in Malta, which continues to grow robustly, "bolstered by strong exports and resilient domestic demand."

A key driver has been the tourism sector, which has bounced back to well above pre-pandemic levels, supplemented by a sustained inflow of workers further boosting domestic consumption. This aligns with projections of 4.1 per cent GDP growth for 2025.

Against this favourable backdrop, the Stivala Group maintained its focus on expanding its property portfolio through continued capital investment.

A significant portion of the report is dedicated to the group's ongoing developments, which are set to substantially enhance its future revenue streams:

• Novotel Malta Sliema: The finalisation of this project, the Group's first 4-star hotel, is ongoing and is scheduled for completion and operation in Q3 2025.

• Mövenpick Hotel Sliema: In a major strategic move, the Group commenced the full demolition and reconstruction of the Sliema Hotel in Q1 of this year. It will be transformed into a 4-star Superior property under the global Mövenpick brand (part of the Accor Hotel Group) and is predicted to be operational in Q1 2027.

• ST Charlie's Business Centre, Msida: The Group is broadening its commercial real estate footprint through the redevelopment of the former Charlie's Guesthouse. This property is being transformed into a modern business centre, contributing to the urban renewal of the Msida seafront. Completion is targeted for Q4 2025, with commercial operations expected to commence in Q1 2026.

These initiatives form part of the Group's long-term investment strategy aimed at enhancing asset value and diversifying its portfolio.

The Group's financial position strengthened further during the period. Total assets expanded to €515 million (30th June 2025), up from €510 million at the end of 2024. Equity attributable to shareholders also saw a healthy rise to €95.98 million, up from €93.60 million.