The Board of Directors of Malta International Airport plc held a meeting on the 22nd of February 2023, during which they approved the Group’s financial results for the year ended on 31st December 2022 and discussed other matters.

FINANCIAL RESULTS 2022

Malta International Airport plc is pleased to announce that the Group’s net profit, exclusive of a tax credit used by the Company in 2022, amounted to €26.9 million compared to a net profit of €7.0 million reported in 2021. With the €12 million tax credit awarded to the Company for the losses suffered due to the COVID-19 pandemic, the Group’s net profit reached €38.9 million.

The total revenue generated in 2022 amounted to €88 million, with the aviation segment contributing 66.3 per cent of this total and the non-aviation segment contributing 33.7 per cent. The aviation segment grew by 110 per cent over the previous year on the back of a strong recovery of 80 per cent of pre-pandemic passenger numbers, while the non-aviation segment registered a more modest increase of 51.3 per cent.

Additionally, the Group’s robust financial health was reflected through an increase of 128 per cent in the Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA) which reached €54.9 million together with an improvement of 11.6 percentage points in the EBITDA margin, which stood at 62.4 per cent.

The Group’s approved financial statements can be viewed at this link.

PROPOSAL FOR THE PAYMENT OF A DIVIDEND

 Having considered the Group’s solid financial performance for 2022, the Board of Directors is recommending the payment of a final net dividend of €0.12 per share (Gross EUR 0.1846) on all shares settled as at close of business on the 10th of April 2023, which dividend shall not be paid later than the 26th of May 2023.

OTHER MATTERS

The Board of Directors also scheduled the Annual General Meeting of the Company for Wednesday, the 10th of May, 2023. Shareholders on the register of members at the Central Securities Depository as at close of business on the 10th of April 2023 shall be eligible to receive notice, attend and vote at the Annual General Meeting.