Trident Estates reports higher interim profit as Trident Park occupancy reaches 92%

Trident Estates plc reported improved financial results for the six months ended 31 July 2026, as higher occupancy at Trident Park supported revenue and profitability.

Revenue increased to €2.99 million from €2.82 million in the same period last year, while profit before tax rose to €1.41 million from €1.13 million. Profit after tax reached €858,000, compared with €712,000 a year earlier.

Finance costs also declined to €527,000 from €669,000. The company attributed the reduction partly to improved bank financing terms and interest earned on deposits linked to the promise-of-sale agreement for Trident House.

Trident Park remains key contributor

Occupancy at Trident Park reached 92%, with only two floors remaining vacant. The company continues to consider enquiries from prospective tenants while also assessing longer-term development opportunities within the wider Trident Park site.

Elsewhere, restoration works at the historic Fortizza in Sliema began in September following the appointment of AX Construction Limited. Trident Estates is also reviewing proposals from potential operators ahead of the expiry of the current lease.

The group is meanwhile evaluating options for its property in Wilga Street, Paceville, after occupants were evacuated in August due to concerns over the building’s structural condition. Discussions with the authorities and other property owners remain ongoing, with demolition and redevelopment among the possibilities being considered.

No interim dividend has been proposed.

Source: Trident Estates plc