Farsons expects 8% growth in operating profit

The MSE Equity Price Index rose by 0.08% to 3,798.704 points as the gains in BMIT and Lombard outweighed the decline in Malta Properties. Meanwhile, three equities closed unchanged as today’s trading activity in local equities amounted to €0.13 million. Download today’s Equity Market Summary.

Today, Simonds Farsons Cisk plc published an updated Financial Analysis Summary in which the company explained that the spin-off of its food business into a separately listed company – Quinco Holdings plc – is expected to be implemented by October 2025. As such, the projected financial performance of Farsons for the financial year ending in January 2026 incorporates the continuing operations of the beverage segment. Meanwhile, the discontinued operations (food segment) in the 8 months prior to the spin-off are expected to generate a net profit of €1.1 million. Revenues from the beverage business are expected to increase by 6.1% to €108 million, supported by record tourist numbers and general population growth that is expected to boost consumption. Operating profit is anticipated to surge by 8.2% to €16.9 million.

Lombard Bank Malta plc advanced by 2.8% to the €0.74 level on two deals amounting to 5,000 shares. Yesterday, Lombard announced that its Board of Directors is scheduled to meet on Wednesday 27 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

BMIT Technologies plc moved 3.4% higher to the €0.30 level across nine deals totalling 151,670 shares. Most trades took place at the previous closing price of €0.29.

On the other hand, Malta Properties Company plc slumped by 4.4% to the €0.35 level on a single trade 17,478 shares. Today, MPC announced that its Board of Directors is scheduled to meet on Wednesday 6 August 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025.

Bank of Valletta plc closed unchanged at the €1.87 level over five deals amounting to 36,350 shares. On Monday, BOV announced that it had received regulatory approval for its share buyback program for up to 3,060,000 shares at a price ranging from €1.55 per share to a maximum of €2.55 per share, as adjusted for the bonus issue. Furthermore, BOV announced that its Board of Directors is scheduled to meet on Thursday 31 July 2025 to consider the approval of the interim financial statements for the six-month period ended 30 June 2025. The Directors will also consider the declaration of an interim dividend.

Also in the banking sector, APS Bank plc held the €0.54 level on one deal of 9,200 shares. APS will publish its interim results on Thursday 31 July.

AX Real Estate plc traded flat at the €0.33 level as 15,000 shares changed hands.

The RF MGS Index fell by 0.03% to a one-week low of 911.819 points amid improved investor economic sentiment following news that the US had successfully reached a trade agreement with Japan to reduce tariffs from 25% to 15%. This lead to a rebound in sovereign bond yields across the euro area and the US since the agreement is also seen as a stepping stone towards further tariff reductions, particularly with the EU.

 

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.