APS Bank plc has announced strong financial results for the year ended 31 December 2025, thanks to a solid operating performance, robust business expansion and all-round growth. The Board of Directors approved the Group Annual Report and Audited Financial Statements during its meeting on 12 March 2026.
The Group delivered a pre-tax profit of €26.5 million (2024: €23.8 million), with the Bank posting €26.9 million pre-tax (2024: €22.5 million), driven by higher revenues and transaction volumes, and reduced cost of funding. Net interest income rose by 20% to €78.7 million, supported by increased credit and treasury activity, improved yields, and a strategic shift from fixed-term to overnight deposits that lead to wider net interest margins.
Operating income rose by 8% to €89.3 million, while net impairment losses dropped to €0.7 million, reflecting strong asset quality and disciplined underwriting with the NPL ratio closing the year at an all-time low of 1.4%. Operating costs increased due to continued investment in human resources, multiple technology projects, advisory overheads and regulatory costs, with the cost-to-income ratio closing at 70.7%.
The Bank’s financial position also strengthened, with total assets and customer deposits now exceeding €4.6 billion and €4.1 billion, respectively. Total equity increased to €355 million, boosted by the successful 2025 Rights Issue and retained earnings. Capital ratios improved markedly, with the CET1 ratio of 17.6% and Capital Adequacy Ratio of 23.2%. The Board is declaring a final net dividend of €7.4 million, bringing the total net dividend for the financial year to a highest ever distribution of €9.2 million.
APS Bank CEO Marcel Cassar commented: “We are proud to announce a standout performance marked by double‑digit growth over 2024 and a strong rebound in banking income in 4Q2025 – one of our best quarters on record for both operating and profit results. We strengthened margins, expanded retail and commercial lending, and increased revenues across every business line. Last year we promised an uplift in profitability, we are now delivering that consistently and aim for more – despite a volatile geopolitical and economic environment. With strong liquidity, capital and asset quality, we are exceptionally well positioned for the next phase of growth and confident in delivering even higher returns for our shareholders.”
Full details are available in the Company Announcement: apsbank.com.mt/company-announcements.
