The MSE Equity Price Index increased by 0.06% to 3,968.907 points as the gains in GO and PG outweighed the declines in Computime, HSBC, Farsons and Santumas. Meanwhile, three other equities closed unchanged as today’s trading activity on the main market amounted to €0.30 million.
Bank of Valletta plc closed unchanged at the €2.10 level across eight deals amounting to 23,626 shares. Today BOV published its 2025 results, net interest income increased by 0.4% (or €1.5 million) to €387 million. In aggregate, BOV’s total operating income increased by 2.3% (or €11 million) to €497 million. Overall, BOV reported a profit before tax of €260.4 million (2024: €302.4 million). After accounting for a tax charge of €88.7 million, the net profit amounted to €171.7 million which translates into a return on average equity of 11.8%. Total equity expanded by 6.3% to €1.50 billion which translates into a net asset value of €2.33 per share. The Board is recommending a final net dividend of €0.0659 per share, payable on 12 June 2026 to shareholders as at close of trading on 7 May 2026, subject to AGM approval on 10 June 2026. Together with the €0.0556 interim dividend paid in H1 2025, the total ordinary net dividend for FY2025 is €0.1215 per share (payout ratio: 45.4%). The Board also approved a one-time special net dividend of €0.0105 per share, reflecting 2025 profits above the Bank’s €250 million PBT guidance ceiling. In total, FY2025 net dividends amount to €0.132 per share. The Board of Directors has approved the initiation of the process for the issuance of a €300 million Senior Preferred note in international capital markets, subject to regulatory approval. The Bank anticipates that its return on average equity will be in a double-digit range over the upcoming period. BOV expects that in 2026 its profit before tax will range between €210 million and €250 million reflecting sustained commercial performance alongside the strategic investment cycle.
Also among large companies by market value, Malta International Airport plc closed unchanged at the €6.10 level over five deals amounting to 8,124 shares.
M&Z plc traded flat at the €0.58 level as 57,198 shares changed hands.
GO plc increased by 0.8% to the €2.56 level over seventeen deals totalling 54,558 shares. Yesterday, GO published its 2025 results. Group revenue increased by 3.9% to a record €254.4 million reflecting growth across the Group’s core segments. EBITDA increased by 1.5% to €92.0 million and operating profit increased by 7.6% to a record of €37.9 million. Overall, GO reported a pre-tax profit of €28.8 million (7%) and a net profit attributable to GO’s shareholders of €20.1 million (39%). This translates into earnings per share of €0.20 and a return on average equity of 25%. The Directors of GO are recommending the payment of a final net dividend of €0.09 per share, compared to last year’s final dividend of €0.08. Coupled with the interim net dividend of €0.07 (2024: €0.05) per share paid in September 2025, the total net dividend for financial year 2025 amounts to €0.16 per share, which is 23.1% higher than the previous year.
PG plc rose by 5.0% to the €1.69 level on two deals totalling 750 shares.
On the other hand, Computime Holdings plc shed 2.2% to the €0.45 level on two trades amounting to 6,600 shares.
HSBC Bank Malta plc declined by 0.7% to the €1.44 level over trivial volumes.
Simonds Farsons Cisk plc moved 0.9% lower to the €5.40 level on a single deal of 2,800 shares.
Santumas Shareholdings plc slumped by 18.5% to the €1.01 level over three trades amounting to 6,024 shares, although the majority of trading happened around the €1.15 level.
Today, FIMBank plc published its 2025 results. Net interest income fell by 11.2% to USD45.8 million. Meanwhile, FIMBank reported a loss of USD3.7 million from its non-interest activities (2024 restated: loss of USD0.18 million). After accounting for a tax expense of USD3.8 million, the loss from continuing operations amounted to USD1.6 million (2024 restated: USD3.7 million). The Group recorded a profit from discontinued operations of USD1.7 million. Profit attributable to shareholders amounted to USD0.18 million. Shareholders’ funds advanced by 0.3% to USD183.8 million, which translates into a net asset value per share of USD0.3519 (31 December 2024: USD0.3505).
The RF MGS Index declined by 0.33% to 890.65 points. According to the latest OECD Economic Outlook, global inflation projections for 2026 are expected to be higher than previously projected due to the rising energy prices driven by the Middle East conflict. Headline inflation across G20 advanced economies is now expected to reach 4.0% in 2026, 1.2 percentage points higher than previously estimated, before easing to 2.7% in 2027. Core inflation, which excludes food and energy costs, is forecast to decline from 2.6% to 2.3% over the same period. Global GDP is expected to grow by 2.9% in 2026 and rise to 3% in 2027.
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.
