LifeStar Holding plc – Full-Year Results

Jonathan Falzon

May 2, 2025

Market News
2 May, 2025
2 min read
Market News
2 May, 2025
2 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 30 April 2025, LifeStar Holding plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024.  The financial statements for 2023 were restated to correct for a prior period error in accordance with IAS 8.

The Group’s largely reflect the performance of its largest subsidiary LifeStar Insurance plc.

The financial statements of LifeStar Holding provide a segmental analysis which shows that investment and advisory services generated an operating loss of €0.15 million, the business of insurance segment registered an operating loss of €0.54 million, agency services generated an operating profit of €0.38 million, and property services registered an operating loss of €0.58 million. After accounting for eliminations of €0.42 million and other expenses of €0.45 million, LifeStar Holding registered a pre-tax loss of €0.91 million (2023: loss of €0.04 million). After accounting for a tax credit of €0.31 million and a loss attributable to non-controlling interest of €0.16 million, LifeStar Holding reported a loss attributable to shareholders of €0.44 million (2023: loss of €0.24 million).

In terms of financial position, the total assets as at the end of 2024 amounted to €152 million whilst total liabilities totalled €136 million. Meanwhile, shareholders’ funds amounted to €9.78 million, which translates into a net asset value of €0.406 per share.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 30 April 2025, LifeStar Holding plc published its Annual Report and Financial Statements for the financial year ended 31 December 2024.  The financial statements for 2023 were restated to correct for a prior period error in accordance with IAS 8.

The Group’s largely reflect the performance of its largest subsidiary LifeStar Insurance plc.

The financial statements of LifeStar Holding provide a segmental analysis which shows that investment and advisory services generated an operating loss of €0.15 million, the business of insurance segment registered an operating loss of €0.54 million, agency services generated an operating profit of €0.38 million, and property services registered an operating loss of €0.58 million. After accounting for eliminations of €0.42 million and other expenses of €0.45 million, LifeStar Holding registered a pre-tax loss of €0.91 million (2023: loss of €0.04 million). After accounting for a tax credit of €0.31 million and a loss attributable to non-controlling interest of €0.16 million, LifeStar Holding reported a loss attributable to shareholders of €0.44 million (2023: loss of €0.24 million).

In terms of financial position, the total assets as at the end of 2024 amounted to €152 million whilst total liabilities totalled €136 million. Meanwhile, shareholders’ funds amounted to €9.78 million, which translates into a net asset value of €0.406 per share.