AX Real Estate reports record profit at interim level

The MSE Equity Price Index fell by 0.04% to 4,130.4 points as the declines in IHI, LifeStar Holding and HSBC outweighed the gains in APS and BOV. Meanwhile, nine equities closed unchanged as today’s total trading activity amounted to €0.33 million.

AX Real Estate plc held the €0.49 level on minimal trading. Today, AX Real Estate published its interim financial results covering the six-month period ended 30 April 2026. Revenue increased by 7.7% to €7.7 million from €7.1 million last year, primarily driven by the rent generated by the Verdala Wellness Hotel (which opened in August 2025) as well as higher variable rent from the other hotels reflecting improved operational performance. Operating profit increased by 7.6% to €7.2 million compared to €6.7 million in the corresponding period last year. After accounting for a tax charge of €0.74 million, AX Real Estate reported a net profit of €3.19 million compared to €2.86 million in the corresponding period last year. Total equity stood at €148 million (31 October 2025: €152 million) which translates into a net asset value per share of €0.539 (31 October 2025: €0.553).

Hili Properties plc traded flat at the €0.27 level across thirteen deals amounting to 330,898 shares.

Harvest Technologies plc remained unchanged at the €1.00 level as 3,300 shares changed hands.

Lombard Bank Malta plc held the €0.72 level on low volumes.

Malta International Airport plc closed unchanged at the €6.20 level on a single trade of 1,812 shares.

Malita Investments plc closed unchanged at the €0.414 level across two deals amounting to 3,000 shares.

MaltaPost plc and PG plc both closed unchanged at the €0.50 and €1.65 levels respectively with minimal trading.

Santumas Shareholdings plc closed unchanged at the €1.10 level across six trades totalling 131,770 shares.

Meanwhile, APS Bank plc advanced by 0.9% to the €0.57 level across nine trades totalling 40,670 shares.

Bank of Valletta plc rose by 0.5% to the €2.13 level across five deals amounting to 15,250 shares.

On the other hand, International Hotel Investments plc declined by 1.7% to the €0.58 level on muted activity.

HSBC Bank Malta plc fell by 0.7% to the €1.42 level across three deals amounting to 13,000 shares.

LifeStar Holdings plc fell to the €0.45 level over trivial volumes.

The RF MGS Index moved higher for a fourth consecutive session, climbing to a three-month high of 901.551 points, as inflationary concerns continued to ease. In this respect, crude oil prices extended their decline to reach the lowest levels since late February, as shipping activity through the Strait of Hormuz continues to accelerate reinforcing confidence that a near-term closure of the strait is unlikely.

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.

Total
0
Shares
Previous Article
Central Bank of Malta

Business conditions remain above their long-term average – Central Bank of Malta

Related Posts