International Hotel Investments (IHI) – Strong Revenue Growth and Strategic Asset Sales Drive Performance

International Hotel Investments (IHI) reported a strong revenue increase of €28.6million, bringing the total to €335.3 million. The growth was primarily driven by improved performance across its global Corinthia Hotels portfolio.

Key Financial & Strategic Highlights:

• Asset Management: The group is actively reducing debt by selling stakes in key properties. This included selling 72% of its Lisbon hotel (valued at €150 million) and exploring the sale of its Prague investments by 2027.

• Profitability: Net profit rose to €20.8 million, while EBITDA remained stable at €61.9 million. The stable EBITDA reflects a balance between strong hotel earnings and the high costs of opening new luxury sites.

• Expansion: IHI is growing its footprint with the OASIS project in Malta, new management contracts in Italy and China, and increasing its stake in Mediterranean Investments Holding plc.

• Financial Health: Total assets now exceed €1.9 billion. Proceeds from property sales are being used to clear COVID-era “bridging debt” and support shareholder dividends.

Management expects further growth in 2026 as new properties move past their initial opening phases and start contributing to the bottom line.

Lombard Bank Group Announces Strong 2025 Financial Results

Lombard Bank Group reported a strong 2025, with pre-tax profit rising 22% to €23.8 million. The results were driven by growth in lending and a standout performance from MaltaPost, which saw its own profits jump by 37%.

The Key Takeaways:

• Lending & Deposits: Customer loans grew to €929 million. While deposits rose by 8% to €1.2 billion, higher interest rates paid to customers caused a slight 4% dip in net interest income.
• Efficiency: The bank managed costs tightly. Despite rising staff wages, the cost-to-income ratio improved to 52.4%.
• MaltaPost: The subsidiary thrived on e-commerce and parcel growth, contributing €6.4 million to the Group’s bottom line.
• Financial Health: The Group remains very stable, with high capital and liquidity ratios and a recommended dividend of 3.42% per share.
• Strategic Concerns: Chairman Michael Bonello remains concerned about the lack of regulatory “simplification” for smaller banks and the continued delay of the NDSF selling its 49% stake in the bank.

The bank is investing in its future through a core banking system upgrade and a new wealth management platform.

Quinco Holdings plc – FY2025 Results

Quinco Holdings plc has reported its inaugural set of financial statements following its spin-off from Simonds Farsons Cisk plc, reflecting a transitional first reporting period post-restructuring.

Financial Performance (8 May – 31 Dec 2025)

• Revenue: €13.32m
• Profit before tax: €1.30m
• Operating income: €1.37m
• Total assets: €72.15m

Group Overview

Quinco operates as a newly established holding and strategic management platform, overseeing:

• Quintano Foods Limited (distribution and FMCG import operations)
• Food Chain Limited (QSR operations including Burger King, KFC, Pizza Hut Malta)

The group functions as a centralised structure for logistics, shared services, and strategic coordination across subsidiaries.

The group is currently in a high-capital deployment phase, with over €21m invested in a new head office and logistics centre in Handaq.

Management views the project as a long-term strategic asset aimed at:

• Expanding operational capacity
• Centralising logistics and administration
• Improving scalability and efficiency

Relocation is expected in summer 2026.

No dividend has been declared for the period. Management is prioritising:

• reinvestment into infrastructure
• operational scaling
• long-term growth positioning

Future distributions will be reassessed based on earnings trajectory, cash generation, and capital requirements.

Malta Company Announcements:

Simonds Farsons Cisk plc

The Board of Directors of Simonds Farsons Cisk p.l.c. shall be meeting on 27th May 2026 to:

1. Consider and approve the audited Financial Results for the year ended 31st January 2026

2. Consider the declaration or otherwise of a final dividend to be recommended to the forthcoming Annual General Meeting.

Grand Harbour Marina plc

The Board of Directors of the Company resolved to distribute a gross dividend of €390,000 equivalent to €0.0195 (gross) per ordinary share.

This dividend will be paid on 22 June 2026 to the ordinary shareholders who are on the Company’s Register of Members as maintained at the Central Securities Depository at the Malta Stock Exchange as at the close of business on 15 June 2026.

‘Disclaimer: The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Timberland Finance has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. All investments carry risks. Your investments may go up as they may go down, including the possible loss of capital. Past performance is not indicative of future results. Timberland Finance does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website. This website is owned and operated by Timberland Invest Ltd. Timberland Invest Ltd. is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act. ’