Momentum files first audited accounts with clean bill of health, and zero debt

Momentum has submitted its first audited financial statements to the Electoral Commission, covering the year ended 31 December 2025. The accounts were independently audited by a Certified Public Accountant, approved by the Executive Committee on 10 April 2026, and received a clean audit opinion in accordance with International Standards on Auditing.

Momentum closed 2025 with a surplus of €4,531, total funds of €4,531 in its first year, and zero debt. The party’s revenue of €6,916 came entirely from membership fees and small individual donations from the general public. The party has no corporate donations, and no hidden benefactors. Momentum is free from business interests seeking to purchase political outcomes.

We publish these accounts not simply because the law requires it, but because transparency is the foundation of everything we stand for. If a political party cannot manage its own finances honestly and openly, it has no business asking voters to trust it with the country’s.

Party Treasurer and election candidate, Carmel Axiak, said: “These are our first accounts as a party, and they are exactly what you would expect from people doing things the right way. Clean books, zero debt, no strings attached, and every euro accounted for. Every one of us in the Party leadership does this voluntarily because we believe Malta deserves a political party that is not beholden to anyone. That is the kind of politics Momentum is building.” 

The contrast with Malta’s two established parties could not be starker. The Nationalist Party’s latest filing revealed €11.7 million in liabilities and an accumulated deficit of nearly €10 million. The Labour Party reported €7.2 million in liabilities and a deficit of over €1 million for 2024 alone. Both parties rely on bank borrowing. Both have media subsidiaries whose accounts remain hidden from public scrutiny. And both continue to benefit from a system in which a lot of political donations go unattributed.

Momentum is proof that politics does not need to run on debt, favours and opaque financing. A party can be lean, honest, and accountable from day one. We are calling on all political parties to publish their accounts promptly every year, including the accounts of their subsidiary companies, and to support full, enforceable transparency in political financing.

Malta deserves better than a choice between two indebted, financially opaque parties that are bankrolled by the same interests. Momentum is the ‘Bidla ta’ Vera’.

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