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Medserv revenue exceeds forecasts, surpasses €100m

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April 28, 2026

Daily Market Highlights
28 April, 2026
10 min read
Daily Market Highlights
28 April, 2026
10 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

The MSE Equity Price Index fell by 0.58% to 3,942.3 points as the declines in Malita, AX Real Estate, BMIT, MIA, GO, Harvest and Mapfre Middlesea outweighed the gains in Santumas and MaltaPost. Meanwhile, eight other equities closed unchanged as today’s total trading activity amounted to €0.28 million. Download today’s Equity Market Summary.

MedservRegis plc traded flat at the €0.65 level across three trades amounting to 5,521 shares. Following the close of trading, MedservRegis published its 2025 annual report. Revenue surged to €104.6 million compared to €70 million in 2024 and ahead of the latest forecast of €84 million published at the time of the October 2025 bond issue. The company explained that the improved performance was principally driven by higher‑than‑anticipated activity at the Maltese shore base in support of offshore drilling operations in Libya and the commencement of the Misurata supply‑base management contract in the fourth quarter of 2025. EBITDA climbed to €22 million from €16.1 million in the previous year and the net profit to shareholders amounted to €5.18 million compared to €1.87 million in 2024.

The Directors of MedservRegis are recommending the payment of a final net dividend of €0.014758 per share to all shareholders as at the close of trading on Wednesday 13 May 2026 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 27 May 2026. The final net dividend is expected to be paid on 31 July 2026.

Simonds Farsons Cisk plc closed unchanged at the €5.75 level across three deals totalling 2,410 shares.

Lombard Bank Malta plc held the €0.74 level over two deals totalling 5,493 shares. Last Friday, Lombard published its 2025 results. Overall, the net profit attributable to shareholders of Lombard amounted to €15.4 million which translates into a return on average equity of 7.1%. In 2025 shareholders’ funds increased by 6.8% (or €14 million) to €223.7 million, which translates into a net asset value per share of €1.447. The Directors of Lombard are recommending a final net dividend per share of €0.0222 in line with that of the previous year. The Dividend is payable on 9 July 2026 to all shareholders as at Thursday 21 May 2026, subject to approval during the upcoming Annual General Meeting scheduled to be held on 24 June 2026.

APS Bank plc closed unchanged at the €0.53 level across seven deals totalling 17,044 shares.

Also in the banking sector, Bank of Valletta plc traded flat at the €2.08 level as 42,740 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.42 level on a single trade amounting to 790 shares.

Grand Harbour Marina plc held the €0.90 level on muted activity. Yesterday, GHM declared a gross interim dividend of €0.0195 per share. The dividend is payable on 22 June 2026 to shareholders as at close of trading on 11 June 2026.

Hili Properties plc remained unchanged at the €0.27 level across 15 deals totalling 356,400 shares. Today, Hili Properties plc published its Annual Report and Financial Statements for the year ended 31 December 2025. Total revenue, inclusive of other operating income remained unchanged at €17 million as the Group reported a stable performance across its portfolio of commercial properties in Estonia, Latvia, Lithuania, Malta and Romania. The net profit attributable to shareholders amounted to €6.60 million, which translates into a return on average equity of 5.4% (2024: 3.68%). Shareholders’ funds increased by 5.6% (or €6.7 million) to €126.9 million, which translates into a net asset value of €0.317 (2024: €0.300) per share. The Directors are recommending the payment of a final net dividend of €0.0052 per share on 29 May 2026 to all shareholders as at the close of trading on Wednesday 6 May 2026.

Malita Investments plc slumped by 12.8% to the €0.34 level across four deals amounting to 19,425 shares.

AX Real Estate plc fell by 5.8% to the €0.452 level over two trades totalling 7,800 shares.

BMIT Technologies plc declined by 6.7% to the €0.252 level on a single deal amounting to 1,400 shares.

Malta International Airport plc retreated 1.6% to the €6.05 level across three trades totalling 587 shares.

GO plc slipped by 0.8% to the €2.50 level on a single deal amounting to 180 shares.

Harvest Technologies plc shed 1.0% to the €0.95 level on a single trade of 10,000 shares.

Mapfre Middlesea plc declined 0.6% to the €1.57 level on muted activity.

On the other hand, Santumas Shareholdings plc surged by 8.9% to the €1.10 level on a single deal amounting to 1,300 shares.

MaltaPost plc edged 0.9% higher to the €0.44 level across three trades totalling 81,000 shares.

Today, Trident Estates plc announced that its Board of Directors is scheduled to meet on Thursday 28 May 2026 to consider the approval of the financial results for the year ended 31 January 2026. The Directors will also consider the declaration of a final dividend.

Also today, MIDI plc held an Extraordinary General Meeting which approved the deed of partial rescission of the emphyteutical concession over Manoel Island and Fort Tigné.

Yesterday, Plaza Centres plc published its 2025 results. Revenue decreased by 2.7% to €3.16 million while operating profit fell by 1.8% to €1.62 million. Overall, shareholders’ funds rose by 1.5% (or €0.42 million) to €28.2 million, which translates into a net asset value of €1.107 per share. The Directors are recommending the payment of a final net dividend of €0.0137 per share, to all shareholders as at close of trading on 14 May 2026, subject to shareholders’ approval at the upcoming Annual General Meeting scheduled to be held on Wednesday 17 June 2026. Coupled with the net interim dividend of €0.0098 per share paid out in August 2025, the total net dividend for the year amounts to €0.0235 per share, unchanged from the previous year, and translates into a payout ratio of 54%.

The RF MGS Index dropped by a further 0.20% to 891.244 points as euro area sovereign bond yields increased further, with the German 10-year bund yield hovering near a month high of 3.06%. Meanwhile, WTI crude oil futures hovered close to the USD100 per barrel level as supply constraints continue to dominate the energy markets.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

Varied movements across several equities The MSE Equity Price Index remained little unchanged at 3,933.1 points as gains in MPC, BOV, Trident and the preference shares of RS2 were outweighed by declines in seven equities. Meanwhile, another seven equities closed unchanged as today’s trading activity on the main market amounted to €0.5 million. APS Bank plc closed unchanged at the €0.51 level across two trades amounting to 4,185 shares. GO plc closed unchanged unchanged at the €2.52 level as 931 shares changed hands across three trades. Simonds Farsons Cisk plc closed at the €5.45 level across two deals amounting to 700 shares, although the weighted average price of the day was €5.13 (-5.9%). Hili Properties plc (38,000 shares), Malta International Airport plc (1,820 shares) and M&Z plc (7,250 shares) all traded flat at €0.27, €6.00, and €0.58 respectively. Plaza Centres plc closed unchanged at the €0.90 level over lacklustre trading. Malta Properties Company plc increased by 12.5% to the €0.45 level across three trades amounting to 50,000 shares, albeit the majority of shares exchanged hands at the previous closing price of €0.40. Tomorrow, MPC is scheduled to release its 2025 full-year results. Today’s most actively traded equity, Bank of Valletta plc rose by 1% to the €2.12 level as 136,176 shares changed hands, although most trades took place at the previous closing price of €2.10. The preference shares of RS2 plc gained 1.7% to the €0.60 level, although the majority of shares changed hands at the €0.32 level (-45.8%). Trident Estates plc moved 1% higher to the €1.01 level over lacklustre trading. Harvest Technology plc dropped by 15.3% to the €1.00 level as 150,000 shares changed hands across five trades. Quinco Holdings plc fell by 5.3% to the €0.90 level across two deals totalling 5,419 shares. Malita Investments plc shed 5.1% to the €0.37 level as 8,000 shares changed hands. Main Street Complex plc (-4.5% to €0.21) and the ordinary shares of RS2 plc (-5.9% €0.32) both fell to €0.21 and €0.32 respectively, albeit over trivial volumes. MaltaPost plc (-1.4% to €0.424) and PG plc (-1.2% to €1.63) were today’s other negative performers. The RF MGS Index fell by 0.11% to 905.7 points as sovereign bond yields extended their upward trend. ECB policymakers cautioned that a prolonged conflict in the Middle East could push up inflation and hinder eurozone growth. Meanwhile, ongoing energy supply disruptions continued to push oil prices higher, reaching USD78 per barrel, their highest level since January 2025.   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. Download today’s Equity Market Summary.