Malta Income Statement (P&L) Template
A free, auto-calculating income statement template for Maltese businesses, aligned to GAPSME terminology.
- Accounting standard
- GAPSME
- Financial year
- Company-chosen accounting reference period; the calendar year (1 Jan–31 Dec) is common
- Currency
- EUR (€)
- Filed with
- Malta Business Registry (MBR)
| 2026 | 2025 | |
|---|---|---|
| Revenue | €850,000 | €850,000 |
| Cost of sales | €510,000 | €510,000 |
| Gross profit | €340,000 | €340,000 |
| Administrative expenses | €180,000 | €180,000 |
| Other operating expenses | €45,000 | €45,000 |
| Operating profit | €115,000 | €115,000 |
| Interest payable and similar charges | €12,000 | €12,000 |
| Profit before tax | €103,000 | €103,000 |
| Tax on profit | €28,000 | €28,000 |
| Profit for the financial year | €75,000 | €75,000 |
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How to Fill In a Malta Income Statement Template
An income statement, also called a profit and loss account, shows how much a business earned and spent over a period, ending in a profit or loss for the year. It’s the single most-requested statement when applying for finance, reporting to shareholders or simply understanding whether the business made money.
Maltese companies preparing accounts under GAPSME use standard terms like revenue and administrative expenses, and this template follows that convention throughout.
What is an income statement?
An income statement is a financial statement that reports a company’s revenue, the costs incurred earning it, and the resulting profit or loss for a defined accounting period, usually a financial year. It sits alongside the balance sheet and cash flow statement as one of the three primary statements in a set of Maltese accounts.
What to include
- Revenue — income earned from the company’s ordinary activities during the period.
- Cost of sales — direct costs of the goods or services sold, deducted from revenue.
- Gross profit — revenue less cost of sales, showing the trading margin before overheads.
- Administrative expenses — general overheads such as staff, premises and admin costs.
- Other operating expenses — additional operating costs not classed as administrative expenses.
- Operating profit — gross profit less administrative and other operating expenses.
- Interest payable and similar charges — finance costs such as loan interest, deducted from operating profit.
- Profit before tax — operating profit less interest payable, the figure on which tax is charged.
- Tax on profit — the tax charge for the period.
- Profit for the financial year — the final total after tax, carried through to the balance sheet.
Step-by-step guide
- Gather revenue figures for the period from your sales records or accounting system.
- Enter the direct cost of sales to calculate gross profit.
- List administrative expenses such as salaries, rent and utilities.
- Add any other operating expenses not already captured under administrative expenses.
- Subtotal to operating profit, then deduct interest payable and similar charges to reach profit before tax.
- Apply the applicable tax charge to reach profit for the financial year.
- Compare the current period against the prior period column to spot trends or unusual movements.
- Cross-check the final profit figure against the movement in retained earnings on the balance sheet.
Malta-specific rules
The income statement (profit and loss account) is one of the primary statements every Maltese company must prepare as part of its annual accounts, whether under GAPSME or, for public-interest entities and large companies, EU-adopted IFRS. The statement is denominated in euro and forms part of the pack delivered to the Malta Business Registry within 10 months and 42 days of the financial year-end.
GAPSME allows smaller companies to present a simplified version of the profit and loss account with reduced disclosure compared to full IFRS, which is one reason most Maltese SMEs default to it rather than electing IFRS.