Trident Estates plc has posted strong financial results for the year ended 31st January 2025, with revenues rising by 31 per cent to €5.5 million, up from €4.2 million the previous year.

The group’s operating profits climbed to €3.7 million, a significant increase from €2.2 million, driven largely by new rental income streams and improved agreements across its portfolio. Profit before taxation soared to €4.4 million, boosted by a €2 million fair value gain on Trident House following a favourable final Court of Appeal decision on a "long-standing court case involving a squatter who claimed ownership," and strong market interest.

Even when excluding fair value movements, the group’s profit before tax stood at €2.4 million –⁠ more than three times the €710,000 reported the prior year –⁠ underscoring the company’s solid operational performance.

Trident Park, the group’s flagship office campus, accounted for €4 million of total revenue, with physical occupancy reaching 83 per cent by year-end and 86 per cent at the time of the annual report’s publication. This is considered a notable achievement given Malta’s currently oversupplied office market, as the group succeeded in maintaining competitive rental rates.

Commenting on the results, Chief Executive Officer Charles Xuereb highlighted the resilience and adaptability of the team, noting that the board has, for the first time, declared a modest dividend following years of substantial capital expenditure. The proposed net dividend amounts to €500,000, or €0.0119 per share.

The group’s financial position remains robust, with shareholder equity increasing to €64 million and borrowings rising only marginally to €28.3 million. Trident Estates has €1.9 million in undrawn bank facilities to support ongoing works at Trident Park and general working capital requirements.

Looking ahead, the group is studying future investment opportunities across its wider portfolio, including the Sliema Point Battery (Fortizza) and the Trident House site in Qormi. Management is evaluating development options and considering how to best enhance shareholder value in a challenging real estate market.

The board expressed optimism for the coming year, citing the group’s reputation for premium green office spaces and its ability to attract high-quality tenants despite broader market pressures.