Santumas Shareholdings plc – Full-Year Results

Jonathan Falzon

September 1, 2025

Market News
1 September, 2025
3 min read
Market News
1 September, 2025
3 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.

Financial Performance

On 29 August 2025, Santumas Shareholdings plc published its Annual Report and Financial Statements for the financial year ended 30 April 2025.

Investment income almost doubled to €0.75 million (FY2023/24: €0.42 million) driven by the higher income from property contractual rights as well as the higher dividend income.

The financial performance also was positively impacted by fair value gains of financial assets totalling €0.78 million compared to €0.74 million in the previous financial year. Furthermore, the company also recognised gains in fair value of investment properties of €0.23 million, which however was slightly lower than the fair value gains of  €0.31 million recognised the 2023/24 financial year.

On the expenditure side, administrative expenses decreased by 3.5% to €0.16 million.

Overall, profit before tax surged by 23.3% to €1.59 million compared to €1.29 million in the previous financial year. After accounting for a tax charge of €0.21 million, Santumas Shareholdings posted a net profit of €1.38 million (FY2023/24: €1.12 million).

The Statement of Financial Position as at 30 April 2025 shows that total assets increased  by 10.5% (or €1.44 million) to €15.1 million largely reflecting the increase in the value of financial assets and investment properties. Total liabilities increased minimally to €0.95 million. Total equity increased by 11.0% (or €1.40 million) to €14.2 million, which translates into a net asset value per share of €1.938 (30 April 2024: €1.746).

Annual General Meeting

Santumas Shareholdings plc will be holding the Annual General Meeting on Friday 31 October 2025.

Outlook

In their commentary, the Directors explained that the company remains dependent on the performance of the local economy. In this context, Board believes that the positive economic growth over the past year allows for a degree of cautious optimism for the months ahead. The Directors noted that the company remains well capitalised with healthy cash holdings and no material debt.

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 29 August 2025, Santumas Shareholdings plc published its Annual Report and Financial Statements for the financial year ended 30 April 2025.

Investment income almost doubled to €0.75 million (FY2023/24: €0.42 million) driven by the higher income from property contractual rights as well as the higher dividend income.

The financial performance also was positively impacted by fair value gains of financial assets totalling €0.78 million compared to €0.74 million in the previous financial year. Furthermore, the company also recognised gains in fair value of investment properties of €0.23 million, which however was slightly lower than the fair value gains of  €0.31 million recognised the 2023/24 financial year.

On the expenditure side, administrative expenses decreased by 3.5% to €0.16 million.

Overall, profit before tax surged by 23.3% to €1.59 million compared to €1.29 million in the previous financial year. After accounting for a tax charge of €0.21 million, Santumas Shareholdings posted a net profit of €1.38 million (FY2023/24: €1.12 million).

The Statement of Financial Position as at 30 April 2025 shows that total assets increased  by 10.5% (or €1.44 million) to €15.1 million largely reflecting the increase in the value of financial assets and investment properties. Total liabilities increased minimally to €0.95 million. Total equity increased by 11.0% (or €1.40 million) to €14.2 million, which translates into a net asset value per share of €1.938 (30 April 2024: €1.746).

Annual General Meeting

Santumas Shareholdings plc will be holding the Annual General Meeting on Friday 31 October 2025.

Outlook

In their commentary, the Directors explained that the company remains dependent on the performance of the local economy. In this context, Board believes that the positive economic growth over the past year allows for a degree of cautious optimism for the months ahead. The Directors noted that the company remains well capitalised with healthy cash holdings and no material debt.