The MSE Equity Price Index fell by 0.63% to a three-week low of 3,944.0 points as the declines in BMIT, BOV, FIMBank, Grand Harbour Marina, MIDI and Farsons outweighed the gains in GO and the ordinary shares of RS2. Meanwhile, three equities closed unchanged as today’s trading activity amounted was muted at around €80,000.
Today, MedservRegis plc published an interim report providing an overview of the company’s performance during the first three months of 2026 compared to the same period last year. Revenue increased by 30.4% to €28.3 million compared to €21.7 million in Q1 2025, reflecting the surge in income from the Integrated Logistics Support Services (ILSS) segment of 58.6% to €20.3 million which was primarily driven by sustained growth in offshore activity in Libya. Meanwhile, revenue from Oil Country Tubular Goods (OCTG) declined by 10.2% to €7.9 million from €8.8 million in Q1 2025, in line with management expectations. Revenue from the Photovoltaic Farm remained unchanged at €0.1 million. EBITDA increased by 12.2% to €5.5 million compared to €4.9 million in the first three months of 2025. This marked the fourth consecutive quarter with EBITDA in excess of €5 million.
Bank of Valletta plc declined by 0.5% to the €2.02 level across three trades totalling 5,250 shares. Today, BOV announced that following the publication of a Base Prospectus for a €650 million Euro Medium Term Note Programme, the bank published the Term Sheet for an issue of €300 million 4.467% Fixed Rate Reset Callable Senior Preferred Notes due 28 May 2032. The Notes are expected to be rated BBB by Fitch Ratings. The order book peaked at approximately €0.8 billion (2.6x oversubscription) and closed at around €0.6 billion (2.0x oversubscription), highlighting robust appetite for the Bank’s credit and the strength of investor confidence in its business model. The Bank will, subject to regulatory approval, have the right to call the Notes in whole, but not in part, on 28 May 2031. If not called, interest on the Notes will be reset at a margin of 150 basis points plus the one-year euro mid-swap rate on 28 May 2031.
FIMBank plc plummeted by 15.6% to USD0.135 on a single deal of 788 shares.
MIDI plc fell by 11.5% to the €0.23 level on a single deal of 15,000 shares.
Simonds Farsons Cisk plc shed 5.6% to the €5.85 level across three trades totalling 565 shares. Farsons is expected to publish the annual result for the year ended 31 January 2026 next week.
BMIT Technologies plc slipped by 2.3% to the €0.254 level over trivial volumes.
Grand Harbour Marina plc eased by 1.0% to the €1.00 level on muted activity. Today, GHM published an updated Financial Analysis Summary which included the forecasts for 2026. Revenues are expected to increase by 5.7% to €5.45 million from €5.16 million last year. The increase in berthing revenue reflects the higher contractual annual tariffs and an increase in electricity recharges, which outweighed the fact that occupancy levels for 2026 are anticipated to be marginally lower than those achieved in 2025. EBITDA is forecasted to increase by 8.0% to €2.31 million compared to €2.14 million last year. GHM’s share of profits from its investment in the Turkish marina IC Çeşme is expected to amount to €1.92 million compared to €2.01 million last year against a backdrop of continued macroeconomic uncertainties in Turkey.
The ordinary shares of RS2 plc rose by 3.6% to the €0.29 level on a single trade of 1,145 shares.
GO plc advanced by 1.6% to the €2.48 level across two trades totalling 255 shares. Yesterday, GO published an updated Financial Analysis Summary. The forecasted financial performance of the company on a stand-alone basis showed that revenue is expected to increase by 1.0% to €138.5 million and EBITDA is anticipated to increase by 3.0% to €45.3 million. GO’s subsidiary Cablenet Communication Systems plc also published an FAS which showed that in 2026, revenue is anticipated to grow by 8.0% to a record of €75.2 million and EBITDA is expected to rebound by 12.4% to €21.5 million.
Meanwhile, APS Bank plc closed unchanged at the €0.565 level across four trades totalling 10,250 shares. Today, the Malta Stock Exchange announced that 3,153,579 new APS Bank plc ordinary shares were admitted to the Official List of the Malta Stock Exchange following the recent scrip dividend issue at an attribution price of €0.50 per share, representing a take-up of 21.3%. Following this scrip dividend, the total number of shares in issue increased to 488,795,665 shares.
Malta International Airport plc held the €6.10 level across seven trades totalling 8,616 shares.
MaltaPost plc closed unchanged at the €0.44 level on a single deal of 13,878 shares.
The RF MGS Index rose by 0.1% to 891.626 points as sovereign bond yields edged lower as inflationary figures other than energy prices remain subdued. In this respect, negotiated wages in the euro area rose by 2.5% year-on-year in Q1 2026 compared to 2.9% in the previous quarter. Data indicated that the recent surge in euro area inflation, which recently reached its highest since September 2023 has been driven by the spike in energy prices rather than broader domestic price pressures.
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.
