Portelli’s Mercury Towers still in the red as losses surge to €14.5 million

Mercury Towers, one of Malta’s most ambitious property developments, is still heavily loss-making despite years of construction, repeated bond issues and substantial public hype around the project’s completion. Recently published audited accounts for 2025 show that the Mercury Towers group registered a net loss of €14.5 million during the year, following another €12.7 million loss … Continued

By Ivan Camilleri