Valletta-based real estate developer VBL Group is recommending the distribution of a final net dividend of €220,000, equivalent to €0.0008829 per ordinary share.

This dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will be paid to all shareholders on the company’s register as of 1st July 2025.

The announcement comes on the back of a strong financial performance for the group. In 2024, revenues reached €4.07 million, up from €3.25 million in 2023, a 25 per cent increase driven by the execution of real estate development and regeneration projects.

Net profit after tax also saw strong growth, rising to €2.48 million in 2024, while total assets expanded to €95.4 million.

In 2024 the group’s EBITDA surged by 45 per cent, from €2.57 million in 2023 to €3.72 million.  

The company noted that its operating revenue has shown a steady recovery and expansion since the pandemic, with the 2024 performance – a 25 per cent increase up to €4.06 million from 2023's €3.25 million – significantly supported by its ongoing regeneration activities and favourable market conditions.

VBL Group is involved in the property ownership and full process of real estate acquisitions, integrated real estate development, property management, operations, utilisation and disposal of properties, with the main market of operation being Valletta.

Since it was established over 10 years ago, VBL Group has become one of the largest and most active investors in immovable property in Valletta.