New Bond – 5.5%ACS FINANCE P.L.C. Secured Bonds 2034

ACS Finance p.l.c. is a company registered under the laws of Malta (C115289) forming part of the Audentia Capital Group. The company ultimately holds 36% of the economic rights arising from a government-funded public concession granted by the Catalonia, region, Spain, for the ordinary maintenance of the 15 stations on Line 9 Sud of the Barcelona Metro.

Their main activity is the management of alternative assets through investment funds regulated under the European Alternative Funds Directive (EU 61/2011), AIFMD.

The Group manages over 100 investment vehicles and operates across Malta, Luxembourg, Ireland, and Spain.

The bonds will be issued in fully registered and dematerialised form, governed by Maltese law, and listed on the Malta Stock Exchange.

• Issuer: ACS Finance p.l.c.
• Instrument Type: Fixed-Rate Bond
• Currency: Euro (€)
• Amount: €29,000,000
• Coupon Rate: 5.50% fixed per annum
• Nominal Value: €100 per bond
• Coupon Payment Frequency: Semi-annual
• Duration / Maturity: 8 years and 3 months
• Rating: BBB (Ethfinance)
• Listing: Malta Stock Exchange
• Security: Senior secured, ranking pari passu

Use of Proceeds: Net proceeds from the €29 million bond issue will be used by ACS Finance plc to acquire economic rights relating to the ordinary maintenance of 15 stations on Barcelona Metro Line 9.

These rights are expected to generate approximately €88 million in cash flows until 2041 and will be pledged as security for the bonds.

Timberland Invest Ltd is currently accepting applications. If you are interested please contactus by tomorrow 05^th June 2026 on 20908100, and our team will be happy to assist you.

Hili Ventures Posts Strong 2025 Results with €69.6 Million Profit Before Tax

Malta-based Hili Ventures reported a strong financial performance for the year ended 31 December 2025, achieving a profit before tax of €69.6 million and generating revenue of €1.17 billion, representing a 7.6% increase over the previous year. Total assets exceeded €1.2 billion, while shareholders’ equity approached €300 million, reflecting continued investment activity and a disciplined approach to balance sheet management.

The group reached several important milestones across its portfolio during the year:

• Premier Capital opened its 200th restaurant, marked by a new outlet in Mrieħel.
• iSpot expanded to 51 stores, becoming the largest Apple Premium Reseller operating within a single European market.
• Hili Ventures acquired a stake in Bank of Valletta as part of its ongoing investment strategy.

Chairman Archie Bethel attributed the results to the resilience of the group’s operations, the strength of its leadership teams, and the contribution of more than 12,500 employees across its businesses.

Looking ahead to 2026, the group plans to continue its expansion:

• Premier Capital intends to open 15 additional restaurants across its six markets.
• iSpot plans to add three new stores in Poland.
• Hili Ventures will place greater emphasis on its role as a capital allocation platform, focusing on long-term value creation across its portfolio.

Founded in Malta, Hili Ventures operates across Europe and North Africa in sectors including food service, retail, real estate, hospitality, shipping, engineering, and technology. The group partners with global brands such as Apple, McDonald’s, Microsoft, and Konecranes, employing approximately 13,000 people.

MIDI Finalises T15 Building Sale as €50 Million Bond Maturity Nears

MIDI plc has finalised the sale of the T15 Building at Tigné Point to The 540 Hub Ltd for €5.5 million, with the proceeds intended to support the redemption of the company’s €50 million bond due in July 2026.

The transaction relates to the remaining term of the temporary emphyteutical rights attached to the site, which forms part of the wider Tigné Point concession granted to MIDI by the Government in 2000. The building, currently under construction, is approved for office use and will provide approximately 1,400 square metres of commercial space, together with retail and food-and-beverage outlets at ground level.

The sale comes as MIDI continues to address its financial obligations amid uncertainty surrounding the future of the Manoel Island project.

MIDI has long maintained that delays to the Manoel Island development—arising from permitting processes, archaeological discoveries and legal challenges—effectively extended its contractual completion deadlines. However, following the Government’s decision in 2025 to back plans for Manoel Island to become a national park, the company concluded that pursuing the project through litigation was not a realistic option.

In communications with shareholders, MIDI said its decision was driven by practical and financial considerations rather than any weakness in its legal position. With its bond repayment deadline approaching, the company argued that lengthy court proceedings would not have provided a timely solution.

While describing the compensation package agreed with the Government as unsatisfactory, MIDI stated that it accepted the arrangement given the lack of viable alternatives.

Mariner Finance Expects Higher Revenues and Profits in 2026 Outlook

Mariner Finance plc, part of the Hili Group, expects continued growth in 2026, with revenue projected to rise 4.9% to €22.4 million, driven mainly by stronger performance at its Baltic Container Terminal (BCT) in Riga.

BCT remains the group’s core asset and is expected to benefit from a 2.8% increase in container volumes to 365,057 TEUs, alongside higher revenue from container services. Profitability is also forecast to improve, with EBITDA expected to reach €11.6 million and operating profit rising to €9 million.

Overall, profit after tax is projected to increase by 3% to €5.73 million, despite higher financing costs linked to ongoing investment activity. The company plans to invest €4.3 million in infrastructure in 2026, while cash flow is expected to strengthen further.

Mariner Finance also owns the Merkela Building in Riga, which is expected to deliver higher rental income as occupancy improves.

The outlook is supported by modest economic growth in Latvia, with GDP forecast to rise by 1.4% in 2026.

MaltaPost Interim Profit Rises to €3.58 Million in First Half of 2026

MaltaPost Group reported a profit before tax of €3.58 million for the six months ended 31 March 2026, up from €3.18 million in the same period of 2025, according to its unaudited interim financial statements.

Revenue increased to €23.97 million from €21.53 million, supported mainly by solid performance in parcel and logistics services. However, total expenditure also rose to €20.48 million from €18.57 million. Despite this, the group improved its cost-to-income ratio slightly to 85.4%, compared with 86.3% a year earlier.

The company said it continued to operate in a challenging environment marked by supply chain disruptions, geopolitical uncertainty and volatile fuel prices, all of which continue to affect the postal and logistics sector. It added that higher operating costs were partly offset by efficiency measures, including route optimisation.

MaltaPost noted the ongoing decline in traditional letter mail volumes, while e-commerce and parcel services remain key drivers of revenue and operational activity.

The AGM held on 19 February 2026 approved a final gross dividend of €0.0358 per share, paid in cash.

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