RS2 registers growth in processing and merchant solutions

The MSE Equity Price Index fell by 0.07% to 3,898.484 points as the declines in AX Real Estate, Convenience, Harvest, and HSBC outweighed the gains in BMIT, Malta Properties Company and the preference shares of RS2. Meanwhile, four other equities closed unchanged as today’s trading activity was muted at just under €80,000. Download today’s Equity Market Summary.

The preference shares of RS2 plc closed the session 16.7% higher at the €0.35 level on two deals totalling 2,300 shares, albeit most shares exchanged hands at the previous closing price of €0.30. Today, RS2 plc published an Interim Directors’ Statement. The company explained that the focus of the Group remains on its Managed Services (Processing Solutions) business and Acquiring (Merchant Solutions) business and provided key business highlights of these segments. With regards to processing solutions, the Group registered further growth in the managed services business in terms of transaction processing, which contributes towards recurring revenue. In the first three quarters of the year, the Group reported a 16% increase in revenue from transaction processing compared with the same period last year. With respect to merchant solutions, the business in Germany continued on its growth trajectory with acquiring revenues generated by this business lines recorded growth of 131% in the first nine months of 2025 when compared with the same period last year. RS2 also noted that in the US the pipeline remains strong with the RS2 brand gaining continued recognition in the market. Meanwhile, the Directors concluded with a caution on expectations for the current financial year, since while recurring revenue continues to generate significant growth, new opportunities continue to have an impact on overall revenue and profitability in the short term.

Malta Properties Company plc moved 0.6% higher to the €0.33 level over trivial volumes.

BMIT Technologies plc rose by 7.4% to the €0.29 level on muted activity.

On the other hand, Harvest Technology plc slumped by 4.6% to the €0.62 level over five trades totalling 1,250 shares.

HSBC Bank Malta plc moved 0.7% lower to the €1.41 level across two deals amounting to 5,053 shares.

AX Real Estate plc shed 0.6% to the €0.348 level on lacklustre volumes.

The Convenience Shop (Holdings) plc fell by 10% to the €0.90 level over three deals totalling 5,153 shares, partially recovering from an intraday low of €0.75 (-25%).

Meanwhile, APS Bank plc held the €0.525 level on a single deal of 2,000 shares.

Also in the banking sector, Bank of Valletta plc closed unchanged at the €1.90 level across six trades amounting to 25,000 shares.

Malta International Airport plc traded flat at the €5.85 level as 2,420 shares changed hands.

Computime Holdings plc remained unchanged at the €0.45 level on two deals amounting to 9,000 shares.

The RF MGS Index declined for the fourth consecutive session as it fell by 0.26% to an almost three-month low of 905.617 points. Today, the ECB published the minutes for the most recent monetary policy meeting held in October. At the time, the ECB noted that risk sentiment was positive, supported by an improving macroeconomic outlook in both the euro area and the US. In this respect, both economies continued to show resilience despite trade tensions and geopolitical headwinds. Moreover, euro area growth expectations for 2025 were revised upwards and were well above levels prevailing prior to the initial announcement of higher US tariffs, while projections for 2026 and 2027 were broadly in line with pre-tariff expectations. Meanwhile, medium-term inflation expectations remained close to 2%. The resilient economy and inflation outlook reinforced the policymakers’ view that the ECB’s interest rates are appropriately calibrated and thus were maintained unchanged.

 

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.