The Board of Directors of Malta International Airport plc held a meeting on the 28th of February 2024, during which they approved the Group’s financial results for the year ended on 31st December 2023 and discussed other matters.

FINANCIAL RESULTS 2023

Resilient demand for air travel led Malta International Airport to close 2023 with a record 7.8 million passenger movements, as traffic volumes increased by 33.4% over 2022.

Following the attainment of these positive results, Malta International Airport plc is pleased to announce that the Group’s total revenue generated in 2023 amounted to €120.2 million, with the aviation segment contributing 68.5 per cent of this total and the non-aviation segment contributing 31.3 per cent.

The Group’s Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA) increased by 37 per cent over 2022 to reach €75.2 million. The EBITDA margin also registered a slight improvement to stand at 62.6 per cent.

Additionally, the Group’s net profit for the year amounted to €40.3 million compared to a net profit of €38.9 million, inclusive of a tax credit of €12 million, reported in 2022.

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 2023, 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 15th of April 2024, which dividend shall not be paid later than the 31st of May 2024.

OTHER MATTERS

The Board of Directors also scheduled the Annual General Meeting of the Company for Wednesday, the 15th of May, 2024. Shareholders on the register of members at the Central Securities Depository as at close of business on the 15th of April 2024 shall be eligible to receive notice, attend and vote at the Annual General Meeting.

The Company would also like to announce that Mr. Gayle Lynn Callus is no longer holding the position as Head of Retail, Property, Marketing & Communications but will continue to assist the Chief Executive Officer, Mr. Alan Borg, as necessary, focusing primarily on the airport’s marketing and communications functions. The Retail & Property segment will fall under the direct responsibility of the Chief Executive Officer in the interim.