“Farsons Delivers Robust Interim Results and €49.1 Million Shareholder Return Through Spin-Off…”

Simonds Farsons Cisk plc has reported a strong set of half-year results, marked by a landmark €49.1 million return to shareholders following the spin-off and listing of its Food business under Quinco Holdings plc.

The shareholder payout comprises a €46.8 million dividend-in-kind through the distribution of Quinco Holdings shares, together with an interim cash dividend of €2.34 million, or €0.65 per share. The move represents the culmination of a three-year restructuring programme designed to streamline the Group’s operations by separating its Food and Beverage segments. It follows the precedent set in 2018 with the creation and listing of Trident Estates plc.

Solid performance across business lines

Farsons’ Beverage division delivered a 6.5% increase in turnover to €54.8 million, while profit before tax rose by 11% to €9 million. The Food business, now reported as discontinued operations, also registered growth, with turnover rising by 6.2% and profitability improving by 2.5%.

Chairman Louis A. Farrugia described the period as a “milestone year” for the Group, citing strong performance across all operations as well as the commissioning of a €20 million purpose-built logistics centre, a project that will play a pivotal role in supporting Quinco’s future growth ambitions.

Strategic focus on international growth

Farsons also continued to advance its international strategy, strengthening its footprint in Ghana and Australia while expanding export revenues for its flagship Cisk and Kinnie brands.

Chief Executive Officer Norman Aquilina emphasised the importance of innovation and resilience in driving performance. “These results underscore our ability to adapt to market challenges, invest in our brands, and create long-term value. Our focus remains firmly on delivering sustainable growth through international expansion and ongoing brand investment,” he said.

A transformative year

With the successful completion of the Quinco spin-off, strong interim financial performance, and continued momentum in its internationalisation strategy, Farsons has positioned itself for the next phase of growth. Management signalled confidence that the Group’s restructured operations and sharpened strategic focus will deliver sustainable value for shareholders in the years ahead.

PG Group Announces Major Retail Investment within db Group’s City Centre Project

PG Group has announced plans for a new shopping mall within db Group’s redevelopment of the former Institute of Tourism Studies (ITS) site overlooking St George’s Bay, on the border of St Julian’s and Pembroke.

The project, targeted for completion in 2026, will be anchored by a PAVI-PAMA supermarket and complemented by a curated mix of retail outlets, catering establishments, and structured parking facilities designed to maximise footfall and customer convenience.

The development is being undertaken through DB Gauci Shopping Mall Limited (DBG), a wholly owned subsidiary of PG plc. In November 2024, DBG entered into a preliminary agreement with DB San Gorg Property Limited, granting the site on a sub-emphyteusis basis, subject to final contract and conditions precedent. Both parties have since confirmed their intent to finalise the deed.

This investment represents a significant step in PG Group’s long-term strategy to strengthen and diversify its portfolio of income-generating retail destinations across Malta. The addition of this project is expected to enhance recurring revenue streams, increase asset backing, and further consolidate the Group’s market leadership in large-scale retail complexes.

PG Group, which operates the flagship PAVI (Qormi) and PAMA (Mosta) centres and manages leading international fashion franchises including Zara, stated it will continue to update shareholders as milestones are achieved in the project’s execution.

MedservRegis plc Sets Out Growth Strategy and Plans for 2026 Bond Maturity

MedservRegis plc outlined its strategy to build sustainable growth while proactively addressing the €30 million bond maturity due in February 2026.

Executive Chairman David O’Connor said the Group is focused on converting the positive momentum of 2025 into long-term value creation. He noted that the 2021 merger between Medserv and Regis significantly strengthened the Group’s balance sheet, broadened its client offering, and expanded its international reach.

On the bond maturity, Mr O’Connor confirmed that refinancing plans are well advanced. Measures include regulatory approval to repurchase up to €4 million of the outstanding bonds and an exchange offer of up to €25 million. Operational cash flow is expected to contribute, while selective asset optimisation remains a contingency.

“Our priorities are clear,” said Mr O’Connor. “We will continue to strengthen profitability, maintain a prudent approach to dividends, reduce debt, and invest in systems and growth.”

Earlier this month, MedservRegis announced a four-year, multi-million-dollar contract to operate a marine logistics base in Suriname from mid-2026. The project will be delivered using existing resources, without significant additional capital expenditure.

The company said that recent results, new contracts, and its strategic initiatives underscore its commitment to building predictability and resilience in an industry that remains inherently cyclical.

Malta Company Announcements:

Harvest Technology plc

The Board of Directors of Harvest Technology plc has announced a net interim dividend of €0.015 per share. The dividend will be distributed on 19 September 2025 to shareholders registered as of the close of trading on 28 August 2025.

Trident Estates plc

Trident Estates plc has announced that its Board of Directors will convene on Wednesday, 10 September 2025, to consider the approval of the company’s financial statements for the six-month period ended 31 July 2025.

The announcement was made on 11 August 2025 and forms part of the company’s regular financial reporting obligations.

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