The MSE Equity Price Index rose by 0.08% to 3,918.028 points as gains in AX Real Estate, Grand Harbour Marina and Quinco outweighed declines in PG and Hili. Meanwhile, seven other equities closed unchanged as today’s total value traded amounted to €0.13 million.
AX Real Estate plc extended yesterday’s gains by a further 11.1% to the €0.50 level over five deals totalling 11,750 shares. On Friday evening, AX Real Estate published its results for the year ended 31 October 2025. Revenue increased by 11.5% to €21.6 million primarily driven by the hospitality segment, where all hotels exceeded expectations, outperforming their projected revenue and operating profits. Excluding the fair value movements of investment property, the Group’s operating profit increased by 12.7% to €20.8 million. The financial performance was also positively impacted by an upward movement on the fair value of investment property of €13.5 million, in contrast to the €0.7 million decline in fair value recognised in the previous financial year. The revaluation emanated from the Qawra properties following the outstanding performance of the AX ODYCY Hotel and Lido since its reopening. AX Real Estate reported a net profit of €21.8 million compared to €7.6 million in the previous financial year. Total equity increased by 10.6% (or €14.6 million) to €151.7 million which translates into a net asset value per share of €0.553. The Directors declared their intention to distribute a gross final dividend per share of €0.02586 (net: €0.02198), which will be proposed in the upcoming Annual General Meeting scheduled for Friday 24 April 2026. Coupled with the net interim dividend of €0.0152 per share paid on 15 September 2025, the total net dividend per share attributable to the financial year 2024/25 amounts to €0.037181, which is more than double the dividends paid for financial year 2023/24. The directors will also propose a share buyback programme of €1 million at the upcoming AGM.
Grand Harbour Marina plc gained 1.1% to the €0.89 level across four deals amounting to 5,200 shares.
Quinco Holdings plc moved 1.1% higher to the €0.95 level as 20,000 shares changed hands across four trades.
Malta International Airport plc closed unchanged at the €6.00 level across two deals totalling 4,000 shares. The 2025 annual financial statements will be published tomorrow.
GO plc traded flat at the €2.52 level as 7,000 shares changed hands.
GO’s IT services & digital infrastructure subsidiary BMIT Technologies plc stayed at the €0.282 level across six deals totalling 31,500 shares. Yesterday, BMIT announced that its Board of Directors is scheduled to meet on Tuesday 10 March 2026 to consider the approval of the financial statements for the year ended 31 December 2025. The Board will also consider the declaration of a final dividend.
MedservRegis plc traded flat at the €0.70 level across two deals amounting to 3,270 shares.
APS Bank Malta plc held the €0.50 level as 5,700 shares changed hands across two trades. Yesterday, APS Bank announced that its Board of Directors is scheduled to meet on Thursday 12 March 2026 to consider the approval of the financial statements for the financial year ended 31 December 2025. The Directors will also consider the declaration of a dividend, subject to regulatory approval.
Also in the banking sector, Bank of Valletta plc (€2.06) and Lombard Bank plc (€0.70) closed unchanged.
Today’s most actively traded equity, Hili Properties plc, shed 0.7% to the €0.27 level across six deals totalling 129,700 shares.
PG plc lost 0.6% to the €1.64 level as 2,000 shares changed hands.
The RF MGS Index increased by 0.08% to 911.9 points as eurozone government bond yields traded marginally lower. In fact, the German Bund yield fell to 2.7%, its lowest level since late November. Meanwhile, trade tensions remain elevated as US President Donald Trump implemented a new 10% global tariff, while White House officials are preparing a formal order that could raise the tariff rate to 15%.
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.
