VBL Plc Logo


ISIN: MT0002550102 | Ticker: VBL | LEI: 485100EOK8ED6FMU4R55
Country: Malta

About VBL Plc

Company Description

The VBL Group is today the largest private owner of real estate in Valletta with a diversified portfolio of residential, hospitality, commercial and office space.

As the dominant player in Valletta’s real estate market, VBL Group combines a comprehensive knowledge of the local market with an innovative business model integrating property acquisition, development and management. Using economies of scale to minimise expenditure whilst maintaining cash-flows from selling, renting and managing properties, VBL has seen consistent growth since its founding in 2012. With a strong development and acquisition pipeline, VBL Group’s goal is to become the largest operator of real estate in the City of Valletta.

With a strong track record since inception, VBL’s continued profitability demonstrates the success of its unique development concept and is a testament to its highly professional and integrated team. VBL Plc is the principal company of the VBL Group of companies.

Year founded


Served area



54, Marsamxett Road, VLT 1853 Valletta – Malta

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 56,747,303.00 64,869,823.00
Noncurrent Assets N/A 54,590,603.00 61,340,252.00
Property Plant And Equipment N/A 911,315.00 877,644.00
Investment Property N/A 53,659,412.00 59,991,129.00
Intangible Assets Other Than Goodwill N/A 114.00 152,879.00
Investments In Subsidiaries Joint Ventures And Associates N/A 1,200.00 1,200.00
Noncurrent Receivables N/A 0.00 107,470.00
Deferred Tax Assets N/A 18,562.00 209,930.00
Current Assets N/A 2,156,700.00 3,529,571.00
Trade And Other Current Receivables N/A 445,017.00 1,581,779.00
Cash and cash equivalents 350,698.00 1,711,683.00 1,947,792.00
Equity And Liabilities N/A 56,747,303.00 64,869,823.00
Equity 47,651,520.00 47,151,768.00 56,430,370.00
Issued Capital N/A 46,000,000.00 48,894,243.00
Retained Earnings N/A 751,600.00 6,427,779.00
Share Premium N/A 802.00 731,733.00
Other Reserves N/A 1,218.00 1,218.00
Liabilities N/A 9,595,535.00 8,439,453.00
Noncurrent Liabilities N/A 9,266,268.00 5,533,281.00
Noncurrent Payables N/A 388,719.00 346,176.00
Deferred Tax Liabilities N/A 3,577,549.00 3,889,901.00
Longterm Borrowings N/A 5,300,000.00 1,297,204.00
Current Liabilities N/A 329,267.00 2,906,172.00
Trade And Other Current Payables N/A 329,267.00 577,473.00
Line item in (eur) 01.01.2020/
Revenue 549,380.00 1,063,113.00
Revenue From Interest 1,553.00 3,299.00
Depreciation And Amortisation Expense 280,729.00 300,894.00
Profit Loss From Operating Activities -92,420.00 -125,421.00
Finance Costs 113,319.00 138,286.00
Profit Loss Before Tax -414,038.00 6,081,803.00
Income Tax Expense Continuing Operations 52,034.00 290,626.00
Profit (loss) -362,004.00 5,791,177.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Profit (loss) N/A -362,004.00 5,791,177.00
Adjustments For Depreciation And Amortisation Expense N/A 280,729.00 300,894.00
Cash Flows From Used In Operating Activities N/A -222,597.00 -919,475.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 66,517.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 19,481.00 43,864.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 0.00 150,000.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities N/A 0.00 104,171.00
Interest Received Classified As Investing Activities N/A 1,553.00 0.00
Cash Flows From Used In Investing Activities N/A -547,523.00 -339,182.00
Proceeds From Borrowings Classified As Financing Activities N/A 2,402,000.00 140,903.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 24,869.00 31,555.00
Dividends Paid Classified As Financing Activities N/A 150,000.00 150,000.00
Interest Paid Classified As Financing Activities N/A 88,450.00 80,790.00
Income Taxes Paid Refund Classified As Financing Activities N/A 7,576.00 0.00
Cash Flows From Used In Financing Activities N/A 2,131,105.00 1,494,766.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 1,360,985.00 236,109.00
Cash and cash equivalents 350,698.00 1,711,683.00 1,947,792.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information






Real Estate

Industry Group

Real Estate Management & Development


Real Estate Management & Development


Diversified Real Estate Activities

Listed Stock Exchange

Malta Stock Exchange

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