“IZI Finance Reports Strong FY2025 Results, Delivering Record Growth…”

IZI Finance plc has announced the audited financial results of IZI Group for the year ended 30 June 2025, highlighting another year of record performance and reinforcing its position as Malta’s leading gaming operator.

The Group, which operates the National Lottery, Dragonara Casino, and a growing suite of iGaming products, achieved notable growth across all key financial measures.

Turnover rose to €920 million (+15.6%), Gross Gaming Revenue reached €93.7 million (+8.4%), and EBITDA grew to €28.9 million (+24.6%). Net Profit Before Tax increased sharply to €7.1 million, a 175% year-on-year rise.

IZI contributed €37 million in concession fees and gaming taxes, equal to almost 40% of its GGR, further supporting national funds and social initiatives.

With continued investment in digital transformation, responsible gaming, and operational excellence, IZI Group is positioning itself for further growth in both the Maltese and international gaming markets.

Qawra Palace plc Posts Solid €4.3m Profit Despite Valuation Headwinds

Qawra Palace plc closed its financial year ended 31 March 2025 with a net profit of €4.3 million, compared to €5.3 million in the previous year, according to its latest Financial Analysis Summary.

The decline in profitability was mainly driven by lower fair value gains on the company’s investment property – the Qawra Palace Hotel – as well as higher deferred tax charges. The revaluation of the hotel generated an uplift of €5.4 million in FY25, compared to €4.7 million in FY24, while the company also recognised a €503,000 impairment reversal on intra-group loans.

Revenue and Operating Performance
Rental income from operating company Mallard Co. Ltd (MCL) remained stable at €2.45 million. EBITDA rose slightly to €2.34 million, while finance income declined to €280,000 due to reduced outstanding loans. After €1.3 million in finance costs, profit before tax increased to €6.96 million (FY24: €6.23 million).

Balance Sheet and Gearing
The company maintains a robust, equity-heavy balance sheet. Total assets increased to €98.5 million, with investment property accounting for €94.4 million. Shareholders’ equity rose to €63.2 million, representing nearly two-thirds of total assets, while net debt to equity improved to 37.9 per cent.

Cash Flow
Free cash flow decreased to €666,000 from €10.0 million in FY24, reflecting the absence of one-off trustee fund releases. Management expects a recovery in FY26, projecting free cash flow above €4 million.

Outlook
For FY26, net profit is forecast at €535,000 due to the absence of fair value gains on the hotel property. Nevertheless, retained earnings are expected to grow, with shareholders’ equity projected to exceed €64 million.

MedservRegis plc declares €1m interim dividend

MedservRegis plc has confirmed that its Board of Directors has approved an interim dividend of €1 million, equivalent to €0.0098 per share.

The dividend will apply to all shares recorded as of the close of business on 31 October 2025 and will be paid no later than 28 November 2025, the company stated.

This distribution reflects profits generated during the first half of the current financial year, supported by the Group’s ongoing growth. The Board emphasised that, while mindful of the cash requirements for continued expansion, the company’s distributable reserves remain sufficient to cover the dividend throughout 2025.

This announcement follows MedservRegis’ resumption of dividend payments in 2024, marking the first since 2015. For FY2024, the company declared a total gross dividend of around €2.5 million, which included a €1 million interim dividend in February 2024 and a €1.5 million final dividend in June 2025.

MedservRegis is an integrated logistics provider serving the energy (oil and gas) and mining sectors. The company operates under the brands Medserv in the Mediterranean, METS in the Middle East, and Regis in sub-Saharan Africa. Established in 2021 through the merger of Medserv Group and Regis Holdings Limited, MedservRegis has developed strong strategic positions across Africa, the Mediterranean, and the Middle East.

BOV Announces Plans for €325 Million Euro Medium-Term Bond Programme

Bank of Valletta (BOV) plc has revealed its plans to establish an Unsecured Euro Medium-Term Bond Programme valued at up to €325 million, subject to approval from the Malta Financial Services Authority (MFSA).

The bank’s Board of Directors has approved the drafting of a base prospectus for the programme and submitted it to the MFSA for listing eligibility. The initiative is designed to help BOV meet its Minimum Requirement for Own Funds and Eligible Liabilities (MREL), a key regulatory framework under the EU’s banking resolution directive.

Following regulatory clearance, BOV intends to issue the first series and tranche of bonds, targeting up to €125 million. These bonds are expected to carry a 5% interest rate with maturities between 2030 and 2035.

The programme will provide BOV with long-term financing via the bond market, while offering investors the opportunity to participate in the bank’s growth strategy.

Further information, including the publication of the base prospectus and final terms, will be made available once regulatory approval is secured.

Malta Company Announcements:

Simonds Farsons Cisk plc

The Board of Directors has approved the distribution of a net interim dividend of €0.065 per share, representing an 8.3% increase compared to last year’s interim dividend.

The dividend will be payable on Thursday, 16 October 2025, to all shareholders on the register as at the close of trading on Friday, 26 September 2025.

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