Mapfre Middlesea posts double-digit growth in H1 profits

The MSE Equity Price Index rose by 0.35% to 3,805.387 points as the gains in BOV, HSBC, and Computime outweighed the decline in BMIT. Meanwhile, Malta International Airport plc traded flat at the €5.95 level as 3,360 shares changed hands. Download today’s Equity Market Summary.

Today, Mapfre Middlesea published its interim financial statements covering the six-month period ended 30 June 2025. Net insurance and investment results amounted to €16.7 million compared to €14.1 million in the first half of 2024. The company explained that its non-life business saw further improvement from the previous year. Furthermore, technical performance improved from all lines of business apart from health. The Group generated pre-tax profits of €14.2 million, which is 16.9% higher than the €12.2 million figure registered in the corresponding period last year.  After accounting for a tax charge of €4.42 million and non-controlling interests of €2.85 million, the net profit for the period attributable to shareholders amounted to €6.97 million (H1 2024: €6.03 million) which translates to an annualised return on average shareholders’ funds of 14.8% (H1 2024: 14.3%).

HSBC Bank Malta plc climbed by 2.2% to the 1.40 level across 7,288 shares. HSBC will publish its interim results on Wednesday 30 July.

Also in the banking sector, Bank of Valletta plc moved 0.5% higher to the €1.88 level over three deals amounting to 47,817 shares. BOV will publish its interim results on Thursday 31 July.

Computime Holdings plc gained 2.0% to the €0.50 level albeit over trivial volumes. Computime is expected to publish its interim results on Tuesday 12 August.

On the other hand, BMIT Technologies plc slumped by 3.3% to the €0.29 level over three deals amounting to 20,902 shares. BMIT will publish its interim results on Tuesday 5 August.

The RF MGS Index recovered most of last Friday’s losses as it rose by 0.39% to 909.477 points following the trade deal between the US and EU. A 15% tariff will be imposed on EU exports to the US, significantly lower than the initially proposed 30%. In return, the EU agreed not to impose reciprocal tariffs and committed to invest USD600 billion in the US. Furthermore, several sectors including semiconductor equipment, generic drugs, aircraft parts, and agricultural products will benefit from zero-for-zero tariffs, and ongoing negotiations aim to expand tariff-free treatment to additional industries. Meanwhile, steel and aluminium tariffs remain at 50%, although these may eventually be replaced by quotas following further talks.­­­

 

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.