MedservRegis six-month revenue surges 41% to €63 million
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.
The MSE Equity Price Index climbed by 0.85% to a 6-year high of 4,274.8 points as the gains in APS, BOV, MPC, GO, and IHI outweighed the decline in AX Real Estate. Six other equities closed unchanged, with total trading value amounting to €0.71 million. Download today’s Equity Market Summary.
Today, MedservRegis plc published its half-yearly report for the six months ended 30 June 2026. Revenue rose by 40.8% to €63.0 million from €44.7 million a year earlier, as the Integrated Logistics Support Services segment generated €47.1 million against €27.9 million, principally from offshore projects in Malta and Libya, while Oil Country Tubular Goods revenue was broadly unchanged on a constant currency basis. Adjusted EBITDA increased by 14% to €12.4 million and operating profit rose by 18% to €7.3 million, lifting profit before tax by 26.8% to €5.4 million. The profit for the period attributable to shareholders amounted to €3.1 million. The Board is scheduled to meet on 29 September 2026 to consider the declaration of an interim dividend.
Harvest Technology plc also reported its interim results today. Revenue increased by 15.0% to €8.4 million and the Group swung to an operating profit of €0.34 million from a loss of €0.09 million a year earlier, with the profit for the period amounting to €0.22 million against a loss of €0.06 million. Harvest shareholders as at the close of trading on Tuesday 1 September 2026 will be entitled to a net interim dividend of €0.01 per share, which is expected to be paid on or around Friday 18 September 2026. Harvest anticipates further revenue growth in the second half of the year, although it noted that profit before tax is expected to come under pressure.
APS Bank plc was today’s most actively traded equity as it advanced by 2.6% to €0.59 across 456,589 shares having a market value of €0.26 million.
Bank of Valletta plc added 0.9% to a fresh multi-year high of €2.25, although the 73,003 shares that traded changed hands at a volume-weighted average price of €2.22.
Malta Properties Company plc gained 1.0% to €0.42 across 239,089 shares.
GO plc closed 0.8% higher at €2.58, although most of the 26,650 shares that traded exchanged hands at €2.50 (-2.3%).
International Hotel Investments plc climbed 6.1% to €0.61, although the bulk of the 16,442 shares that traded exchanged hands at €0.58 (+0.8%).
Meanwhile, Malita Investments plc traded flat at the €0.38 level across 146,286 shares.
HSBC Bank Malta plc traded flat at the €1.46 level across 17,370 shares, while Malta International Airport plc held the €6.60 level on 2,173 shares.
BMIT Technologies plc (€0.268) and MaltaPost plc (€0.48) each traded flat on a single trade.
Likewise, VBL plc held the €0.22 level on a single trade of 2,000 shares.
In contrast, AX Real Estate plc was the session’s only negative performer as it shed 3.7% to €0.52 across 5,000 shares. Shareholders as at the close of today’s trading will receive a net interim dividend of €0.018 per share on Tuesday 15 September 2026.
The RF MGS Index fell by 0.17% to 892.0 points. Euro area lending data published this morning showed bank credit to companies growing by 4.4% in July, ahead of market expectations of 3.8%. Later in the day, the European Central Bank published the minutes of July’s monetary policy meeting, in which policymakers saw a further rate increase as likely unless the inflation outlook improves significantly, having held the deposit facility rate at 2.25%. The Governing Council takes its next policy decision on 10 September.
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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.