Mapfre profits dip amid significant events in H1
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 fell by 0.22% to 4,127.0 points as declines in APS, Lombard, PG, and GHM outweighed the increase in BOV. Meanwhile, four other equities closed unchanged as today’s trading activity on the main market amounted to €0.1 million. Download today’s Equity Market Summary.
Mapfre Malta plc traded flat at the €1.42 level across four trades amounting to 6,000 shares. Today, Mapfre published its interim financial statements covering the six-month period ended 30 June 2026. Net insurance and investment results amounted to €15.4 million compared to €16.7 million in the first half of 2025. The company explained that its non-life business registered satisfactory growth from already improving levels of June 2025. Although above expectations, the insurance service result is lower than the same period in 2025 due to significant events, such as the impact of Storm Harry and the Firework Factory Explosion. The Group generated pre-tax profits of €13.2 million, which is 7.4% lower than the €14.2 million figure registered in the corresponding period last year. After accounting for a tax charge of €4.0 million and non-controlling interests of €2.67 million, the net profit for the period attributable to shareholders amounted to €6.49 million (H1 2025: €6.97 million) which translates to an annualised return on average shareholders’ funds of 12.1% (H1 2025: 14.8%). The equity attributable to shareholders at 30 June 2026 stood at €107.4 million, which translates into a net asset value per share of €1.167. In their commentary, the Directors explained that the published results are strong and successfully exceed their established targets and remain cautiously optimistic regarding the performance in the final six months of the year.
AX Real Estate plc (75,000 shares), BMIT Technologies plc (15,350 shares), and Simonds Farsons Cisk plc (26 shares) closed unchanged at the €0.49, €0.26 and €5.70 levels respectively.
APS Bank plc was the worst performer for the second consecutive session as it shed 3.5% to the €0.55 level over three trades totalling 8,273 shares. APS is scheduled to publish its interim results on Thursday 30 July.
Lombard Bank Malta plc fell by 2.7% to €0.71 over a single deal of 1,501 shares. Yesterday, Lombard announced that its Directors will be meeting on Wednesday 26 August 2026 to consider the approval of the interim financial statements for the half year ended 30 June 2026.
PG plc dropped by 2.4% to the €1.60 level as 935 shares changed hands.
Grand Harbour Marina plc edged 1.6% lower to the €0.925 level over a single deal of 2,300 shares. GHM will hold its Annual General Meeting on Thursday 30 July.
Bank of Valletta plc advanced by 0.5% to recapture the €2.15 level as 20,570 shares changed hands across nine trades. BOV is scheduled to publish its interim results tomorrow.
Today, Malta Properties Company plc announced that its Board of Directors will be meeting on Friday 31 July 2026 to consider the approval of the interim financial statements for the half year ended 30 June 2026.
The RF MGS Index moved higher for the third consecutive session as it edged up by 0.08% to 891.2 points reflecting lower bond yields across the euro area sovereign bond market. Brent oil price slipped below USD87 per barrel as the US and Iran held talks towards ending the conflict in the Middle East. Likewise, the US 10-year Treasury yield eased for a third consecutive session to the 4.6% level.
This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited 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 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.