LifeStar Holding plc – Interim Results
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 28 August 2026, LifeStar Holding plc published its interim condensed consolidated financial statements covering the six-month period ended 30 June 2026.
The insurance service result improved to €1.23 million (H1 2025: €0.11 million), reflecting a 45% increase in insurance revenue to €5.06 million and a lower net expense from reinsurance contracts held of €0.47 million (H1 2025: €0.91 million), which were partly offset by a 36% rise in insurance service expenses to €3.37 million. In contrast, the net financial result amounted to a charge of €0.53 million compared to an income of €0.90 million in the first half of 2025, mainly driven by higher movements in investment contract liabilities.
The Group also registered a 53% increase in commissions and fees receivable to €1.46 million (H1 2025: €0.96 million) while other income more than doubled to €1.01 million (H1 2025: €0.40 million).
Meanwhile, administrative and other expenses increased by 5.5% to €2.94 million compared to €2.79 million in the same period last year.
Overall, the Group registered a pre-tax profit of €0.22 million compared to a pre-tax loss of €0.42 million in the first half of 2025. After accounting for a tax charge of €0.16 million, the profit for the period amounted to €65,421 (H1 2025: loss of €460,020), of which a profit of €7,023 was attributable to the shareholders of the company (H1 2025: loss of €268,668).
In terms of financial position, total assets increased by 11.4% (or €18.1 million) to €176.7 million (31 December 2025: €158.6 million) whilst total liabilities rose by 12.8% (or €18.4 million) to €161.7 million (31 December 2025: €143.3 million). Shareholders’ funds eased by 0.6% to €9.14 million (31 December 2025: €9.19 million), as the acquisition of an additional interest in LifeStar Insurance plc during the period outweighed the profit attributable to shareholders, translating into a net asset value of €0.379 per share (31 December 2025: €0.381).
Outlook
Looking ahead to the remainder of the year, LifeStar Holding explained that its priorities are focused on continuing to grow the business across its existing markets of Malta, Italy and San Marino, while exploring opportunities for expansion into new markets within the EU. The Group also remains committed to investing in its people, and to preparing the organisation for the introduction of the revised Solvency II framework in January 2027.
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.