MIH first-half profit before tax rises 17% to €11.7 million

Revenue increases to €17.4 million

Mediterranean Investments Holding plc reported revenue of approximately €17.4 million for the six months ended 30 June 2026, up around 4.2% from the same period last year.

Profit before tax increased by approximately 17% to €11.7 million, while profit after tax reached around €9.91 million, compared with €8.08 million in the first half of 2025.

Lower costs support stronger results

Operating costs fell to approximately €2.9 million from €4.1 million, contributing to the improved performance.

MIH also recorded lower finance costs following the redemption of an €11 million 6% unlisted bond in late 2025. This reduced financing expenses during the first half of 2026 by around €330,000.

Occupancy at Palm City edged up to 65.5%, from 64.7% a year earlier.

Total assets increased to approximately €322.8 million, while working capital improved to a positive €4.7 million, compared with a negative €0.9 million previously.

Shareholding structure changes

MIH also saw changes to its ownership structure during June.

Corinthia Palace Hotel Company Limited increased its stake in the company to 75%, while International Hotel Investments plc acquired the remaining 25% following the transfer of shares previously held by KNI Holdings.

The stronger profitability, lower financing costs and changes in ownership provide investors with an updated view of MIH’s financial and corporate position during the first half of 2026.

Disclaimer: Interim reports may reflect only the issuing company and may not include the financial performance of its group companies.