Hili Properties applies for delisting

The MSE Equity Price Index fell by 0.6% to 3,974.2 points as the declines in Mapfre, GO, Plaza, and the ordinary shares of RS2 outweighed a gain in Harvest. Meanwhile, ten other equities closed unchanged as today’s trading activity on the main market amounted to €0.3 million. Download today’s Equity Market Summary.

Hili Properties plc traded flat at the €0.27 level as 340,200 shares changed hands across fifteen trades. Today, Hili Properties announced that the Extraordinary General Meeting held on 15 April 2026 approved the discontinuation of listing of all of the company’s shares from the Official List of the MSE and authorised the Board of Directors to take all the necessary steps to conclude this process. Following the EGM, the company submitted the application for the discontinuation of listing of all of the company’s shares to the MFSA. The company also issued a circular to provide further details to its shareholders.

Bank of Valletta plc closed unchanged at the €2.08 level across 23 trades amounting to 38,890 shares.

Also in the banking sector, APS Bank plc closed unchanged the €0.52 level as 58,904 shares changed hands. Yesterday, APS published the agenda for the upcoming Annual General Meeting which is scheduled to be held on 6 May 2026. One of the resolutions relates to a share buyback in which the company is seeking authorisation to repurchase up to 5,000,000 shares at a price ranging from a minimum purchase price of €0.45 per share and a maximum of €0.75 per share. The authorisation will remain valid until the earlier of the end of the company’s annual general meeting to be held in 2027 and 30 June 2027, subject to regulatory approvals.

Malta International Airport plc closed unchanged at the €6.20 level across seven deals totalling 10,717 shares. Yesterday, MIA released their traffic results for March 2026. Passenger movements reached a new record for March and amounted to 815,947, which is 12.5% higher than the previous record registered in March 2025. MIA shareholders as at the close of today’s trading will be entitled to a final net dividend per share of €0.13, subject to approval at the upcoming Annual General Meeting scheduled for Wednesday 20 May 2026.

Malta Properties Company plc closed unchanged at the €0.38 level after recovering from an intraday low of €0.35 (-8%) as 20,400 shares changed hands. Today, MPC traded for the first time without the entitlement to a final net dividend of €0.015 per share.

Similarly, PG plc (880 shares) and International Hotel Investments plc (3,500 shares) closed unchanged at the €1.68 and €0.50 levels respectively.

FIMBank plc (10,337 shares), HSBC Bank Malta plc (5,000 shares) and Quinco Holdings plc (788 shares) traded flat at the USD0.15, €1.44 and €0.90 levels respectively.

GO plc moved 4.6% lower to the €2.50 level as 2,833 shares changed hands across six trades. Today, GO traded for the first time without the entitlement to a final net dividend of €0.09 per share.

Plaza Centres plc fell by 1.1% to the €0.87 level across two deals totalling 1,600 shares. Today, Plaza announced that it will hold an EGM on Thursday 14 May 2026 for shareholders to consider the two resolutions that were supported by more than 75% of the shares represented at the EGM held on 14 April 2026, but obtained less votes in favour than 65% of the total issued share capital of the company. These resolutions propose a reduction in the number of board members and a share buyback. Shareholders as at close of trading on 10 April 2026 will be entitled to attend and vote at the EGM.

Mapfre Middlesea plc declined by 11.9% to the €1.40 level across two trades amounting to 770 shares.

The ordinary shares of RS2 plc edged 0.6% lower to the €0.312 level albeit over trivial volumes.

Harvest Technologies plc closed the session 17.9% higher at €1.12, although the weighted average price for the day across eight trades amounting to 39,950 shares was €0.90 (-5.3%).

Today, Computime Holdings plc released their full-year results for 2025. Revenue surged by 12.9% to €21.3 million (2024: €18.9 million), with all three business divisions registering double-digit growth in income. Computime reported an operating profit of €3.13 million which is 21% more than the €2.58 million figure registered in 2024. This translates into an operating margin of 14.7% (2024: 13.7%). The net profit amounted to €2.64 million, exceeding the 2024 IPO projections.

The Directors of Computime are recommending the payment of a final net dividend of €0.0177 per share. The final net dividend is payable on or around 19 June 2026 to all shareholders as at the close of trading on Monday 8 June 2026, subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 10 June 2026. Coupled with the net interim dividend of €0.0107 per share paid in October 2025, the total net dividend attributable to the 2025 financial year amounts to €0.0284 per share and translates into a payout ratio of 67%.

Today, LifeStar Insurance plc released their 2025 full-year results. The insurance service result increased marginally to €2.11 million (2024: €2.08 million). Meanwhile, the net insurance financial result decreased to €0.92 million (2024: €1.22 million). Furthermore, commission and fees receivable amounted to €2.11 million compared to €1.76 million in the previous year. The financial performance was adversely impacted by higher administrative expenses totalling €7.48 million compared to €6.98 million in 2024. After accounting for other income of €0.80 million and minimal finance costs, LifeStar Insurance registered a pre-tax loss of €1.63 million (2024: pre-tax loss of €0.93 million) and a net loss of €1.16 million (2024: net loss of €0.63 million). Total equity fell by 2.9% (or €0.7 million) to €23.6 million, which translates into a net asset value per share of €0.365 (31 December 2024: €0.376).

The RF MGS Index remained virtually unchanged at 895.67 points. The eurozone inflation rate was revised higher to 2.6% in March, its highest level since July 2024, up from the preliminary estimate of 2.5% and accelerating from 1.9% in February. The increase was largely driven by energy prices, which rose by 5.1%. Meanwhile, minutes from the ECB March meeting indicated that policymakers acknowledge that the ongoing conflict in the Middle East has increased uncertainty and inflation risks but emphasized that the ECB remains well positioned to navigate these challenges.

Today, the Treasury Department established the prices for the two new Malta Government Stocks for an aggregate nominal amount of €300 million subject to an over-allotment option of up to a further €200 million as follows:

(i) 3.80% MGS 2036 (III) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.7998% per annum; and

(ii) 4.10% MGS 2041 (II) at 100.00% for every €100 nominal giving a yield-to-maturity of 4.0997% per annum.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €499,900 (nominal) per application. Subscriptions for the General Public open on Monday 20 April 2026 and close at 14:30 hrs on Wednesday 22 April 2026 at 14:30 hrs – or earlier at the discretion of the Accountant General.

 

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.