PwC Malta Annual Review 2024

Leading with integrity and innovation

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    Introduction by our Territory Senior Partner, David Valenzia

    "The geopolitical environment and economic volatility that everybody has faced has created challenges for us as well. Disruptive technologies, such as AI, created opportunities but also an element of uncertainty. The expectations of the market has continued to evolve, and the need for us to demonstrate that we have a quality offering has never been more important."

    Year in Review

    Revenue

    as at 30 June 2024

    €66.4M

    Diversity

    female staff complement

    57%

    Our People

    total number of employees

    697

    Training

    firmwide training hours during the year

    90,000

    Impact on Society

    cash contributions and hours dedicated to professional bodies and philanthropic activities

    €643K

    Environmental Impact

    reduction in Scope 1 and Scope 2 emissions compared to our FY19 baseline

    14%

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    Supporting our clients

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    Enriching our people

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    Doing the right thing

    Case Studies

    Read our featured stories

    This is how our human-led, tech-powered approach has made a difference to our clients, stakeholders, and people this year.

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    Protecting our planet

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    Leveraging technology



    What happened in FY24?
    1. The year was filled with numerous activities and initiatives, including collaborations, CSR efforts, diversity programs and social events. Discover what our firm has been engaged in by exploring our timeline.

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    2. PwC Malta released the results of its annual CEO Confidence Tracker Survey marking the highest level of CEOs (38%) who reported a drop in the level of business when compared to the previous quarter, since 2021.

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    3. PwC Malta signed a sponsorship agreement with MCAST to support Malta's Female Representation at the first Global Robotics Challenge. This with the scope of encouraging female talent in the IT space whilst supporting and promoting gender diversity and inclusion in the industry.

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    4. PwC Malta ran its Giving Back initiative encouraging its staff members to dedicate a workday to volunteering with one or more NGOs from a pre-approved list.

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    5. PwC Malta launched its second edition of its Governance Survey assessing the pulse of the Boards of Maltese equity issuers, by looking into the position of the Chair.

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    6. PwC Malta announced the appointment of 3 new Partners: Michael Formosa, Chris Mifsud Bonnici and Andrew Schembri, supporting the leadership of its Assurance, Tax and Advisory functions respectively.

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    7. PwC Malta endorsed The Wales Malta Initiative. This led to the organisation of Wales Week Malta; celebrating business, culture, education and sport.

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    8. PwC Malta and The University of Malta signed a 5-year-long Memorandum of Understanding with the scope of strengthening higher education programmes for the next generation of talent.

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    9. PwC Malta, alongside Camilleri Preziosi and Trident Trust, held the Malta Fund Management Conference 2024 at The Hub, PwC Malta, Qormi.

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    10. PwC Malta was a Diamond Sponsor of the Malta Stock Exchange’s GRC Summit 2024, in an effort to emphasise the firm’s commitment to trust, transparency and compliance.

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    11. PwC Malta launched its Economic Outlook results for 2024 highlighting a slowdown of global growth in FY24 when compared to the previous year, with a marginal pick-up projected in FY25.

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    12. PwC Malta ran its Giving Back initiative encouraging its staff members to dedicate a workday volunteering with one or more NGOs from a pre-approved list.

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    13. PwC Digital Services organised its second edition of Tech Week, focusing on the transformative power of Artificial Intelligence and the critical role of trust in this rapidly evolving landscape.

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    14. PwC Malta hosted its biennial Tax Conference themed Shaping Tomorrow's Tax Realities, bringing together industry leaders, policymakers, and tax professionals to explore critical tax challenges impacting businesses today and in the future.

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    Assurance

    In today's dynamic global landscape, industries face significant macroeconomic challenges. At PwC Malta, we uphold our commitment to independence and high-quality audit work through robust policies, systems, and processes. Our focus on transparency, investment in technology, and dedication to our people ensures we deliver exceptional outcomes for our clients and stakeholders.

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    Tax

    Although several significant challenges to the global economy naturally impacted our business, FY24 also yielded its successes. During this year, we built new capabilities and reached out to clients with solutions to their new regulatory obligations in the tax and legal space, particularly in relation to Pillar II and transfer pricing.

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    Advisory

    Businesses are striving to put their strategic plans into action for the upcoming years. Our Deals, Consulting, and Risk and Regulation business units, which make up our Advisory practice, have continued over the past twelve months to assist our clients in addressing these and many other challenges that they constantly face.

    Discover

    PwC Global Annual Review 2024

    Contact us

    David Valenzia

    David Valenzia

    Territory Senior Partner, PwC Malta

    Tel: +356 2564 6892

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