GO posts record operating profit, increases dividend by 23%

The MSE Equity Price Index increased by 1.4% to 3,966.4 points as gains in six equities outweighed declines in GO, Plaza and MIDI. Meanwhile, six other equities closed unchanged as today’s trading activity on the main market amounted to €0.1 million. Download today’s Equity Market Summary.

GO plc fell by 0.8% to the €2.54 level as 500 shares changed hands. Today, GO published its 2025 results. Group revenue increased by 3.9% to a record €254.4 million reflecting growth across the Group’s core segments. EBITDA increased by 1.5% to €92.0 million and operating profit increased by 7.6% to a record of €37.9 million. Overall, GO reported a pre-tax profit of €28.8 million (7%) and a net profit attributable to GO’s shareholders of €20.1 million (39%). This translates into earnings per share of €0.20 and a return on average equity of 25%. The Directors of GO are recommending the payment of a final net dividend of €0.09 per share, compared to last year’s final dividend of €0.08. Coupled with the interim net dividend of €0.07 (2024: €0.05) per share paid in September 2025, the total net dividend for financial year 2025 amounts to €0.16 per share, which is 23.1% higher than the previous year.

Plaza Centres plc fell by 1.1% to the €0.87 level across nine deals amounting to 27,050 shares.

MIDI plc edged 3.6% lower to the €0.27 level over a single deal of 13,000 shares.

Bank of Valletta plc increased by 1.9% to the €2.10 level across seven trades amounting to 15,690 shares. BOV will publish its 2025 results tomorrow.

Also in the banking sector, HSBC Bank Malta plc rebounded by 3.6% to the €1.45 level over a single deal of 8,024 shares.

Lombard Bank plc gained 2.9% to the €0.72 level as 26,414 shares changed hands across seven trades.

Quinco Holdings plc climbed 5.6% higher to the €0.95 level as 14,455 shares changed hands across six trades. Today, Quinco announced that its Board of Directors is scheduled to meet on Friday 24 April 2026 to consider the approval of the financial statements for the year ending 31 December 2025. The Directors will also consider the declaration of a final dividend.

International Hotel Investments plc rose by 6.3% to the €0.436 level over lacklustre trading.

The ordinary shares of RS2 plc moved 10.3% higher to the €0.32 level albeit over trivial volumes.

Mapfre Middlesea plc traded flat at the €1.55 level across 1,000 shares. Yesterday, Mapfre Middlesea published its 2025 results in which net profit attributable to shareholders amounted to €14.9 million (2024: €12.5 million), which translates into a return on average shareholders’ funds of 14.7% (2024: 13.6%). Shareholders’ funds increased by 11.1% (or €10.6 million) to €107.0 million, which translates into a net asset value per share of €1.163. The Directors are recommending a final net dividend of €6.0 million, equivalent to €0.065217 per share, which is 25.0% higher than the dividend paid out last year. This is payable on 26 May 2026 to all shareholders as at the close of trading on Friday 8 May 2026, subject to shareholders’ approval at the upcoming Annual General Meeting scheduled to be held on 30 April 2026.

Simonds Farsons Cisk plc (€5.45) and Trident Estates plc (€1.09) closed unchanged as 4,700 and 5,336 shares changed hands respectively.

Similarly, Malta International Airport plc (4,675 shares), M&Z plc (35,474 shares), and traded flat at the €6.10 and €0.58 levels respectively.

Main Street Complex plc held the €0.21 level on a single deal of 5,000 shares. Today, Main Street Complex announced that it has been actively engaged in negotiations with existing and potential prospective tenants with respect to the period following the end of March 2026, when the term of a significant number of existing leases is set to elapse. Aside from the previously announced new tenant, Little Greens, the company is looking to conclude discussions with other prospective tenants during the period in which the Main Street Complex will be undergoing major works, which are expected to commence in early April 2026.

The RF MGS Index rose 0.07% to 893.6 points as the yield curve flattened due to a small increase in short-term yields and a drop in long-term yields amid easing inflation expectations from lower oil prices. In fact, WTI crude oil futures slipped to USD 87 per barrel following reports that the United States had sent Iran a 15-point proposal through Pakistan aimed at ending the conflict. Meanwhile, in Germany, business sentiment fell to its lowest level since February last year, driven by a sharp deterioration in future expectations amid the ongoing effects of the Middle East war.

 

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.