“PG Group Approves €4.5 Million Interim Dividend Amidst Strong Financial Performance…”

PG Group, a diversified company with holdings including the Pavi Shopping Complex in Qormi, Pama Shopping Village in Mosta, and the local franchises for Zara and Zara Home, has announced the approval of a net interim dividend of €4.5 million.

The Board of Directors of PG plc has declared a net dividend of €0.0416667 per ordinary share (gross: €0.0641026). This decision underscores the company’s robust performance and its dedication to providing shareholder value. The dividend will be disbursed to all shareholders registered on the company’s members’ register as of July 11, 2025.

This announcement follows a period of sustained positive financial results for the PG Group. The company previously reported a 5.5% increase in profit before tax, reaching €18.7 million in its most recent end-of-year results. Furthermore, its annual report for the year ended April 30, 2024, showed a significant 13.9% rise in total turnover, reaching €198 million. The positive trend has continued into the current financial year, with first-quarter revenues increasing by 23% compared to the same period last year.

New MGS Issues – 3.4% MGS 2035 (IV) & 3.8% MGS 2040 (II)

The Government of Malta will be launching a new Combined Issue of Malta Government Stocks as detailed hereunder:

1. 3.40% Malta Government Stock 2035 (IV) (Offered to both Retail and Wholesale Investors by Auction); and
2. 3.80% Malta Government Stock 2040 (II) (Offered to both Retail and Wholesale Investors by Auction).

For an aggregated nominal amount of €250 million subject to an over-allotment option of up to a further €150 million.

Applications for retail investors open on Monday, 14th July 2025 and close on Wednesday, 16th July 2025 at 14.30.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €499,900 (nominal) per application.

Interest on each Stock is payable half yearly.

The fixed prices will be published on Thursday 10th July 2025 after close of business of the secondary market of the Malta Stock Exchange. 

Simonds Farsons Cisk plc Approves Corporate Restructuring and Spin-Off of Food Business

Simonds Farsons Cisk plc shareholders, at their Annual General Meeting approved a significant corporate restructuring initiative. This strategic move will spin off the company’s food business into a new, separate entity, Quinco Holdings plc, which is slated for an independent listing on the Malta Stock Exchange.

Chairman Louis A. Farrugia characterized the past year as one of “strategic importance,” emphasizing the Board’s decision to proceed with the spin-off of Quintano Foods Limited and Food Chain Limited. As part of this reorganization, shareholders will receive shares in Quinco Holdings through a dividend in kind. Mr. Farrugia expressed confidence that “this reorganisation will allow each business to pursue focused growth under distinct leadership,” drawing parallels to the successful Trident Estates spin-off in 2018.

In a press release, the company highlighted ongoing expansion within its Burger King and KFC networks, alongside the rationalization of Pizza Hut outlets. Significant progress has also been made on a major logistics center in Ħandaq, with completion anticipated in 2026.

The origins of Farsons’ food business date back to 1956 when Anthony Miceli-Farrugia, as Managing Director of L. Farrugia & Sons Ltd (Farsons), spearheaded the company’s diversification into catering. This led to the establishment of Express Catering Company Limited, which operated the ‘Wimpy’ restaurant chain and developed the well-known ‘il-Fortizza’ restaurant.

VBL Group Proposes Final Dividend Following Strong Financial Year

VBL Group, a leading Valletta-based real estate developer, has recommended a final net dividend of €220,000, equivalent to €0.0008829 per ordinary share. This proposed dividend is contingent on shareholder approval at the forthcoming Annual General Meeting and will be paid to shareholders on the company’s register as of July 1, 2025.

The recommendation is supported by the group’s robust financial results for 2024. Revenues increased by 25% to €4.07 million (from €3.25 million in 2023), primarily driven by real estate development and regeneration initiatives. Net profit after tax also experienced significant growth, reaching €2.48 million, while total assets expanded to €95.4 million. Furthermore, the group’s EBITDA saw a substantial 45% increase, rising from €2.57 million in 2023 to €3.72 million. VBL Group, established over a decade ago, is recognized as one of Valletta’s most active investors in immovable property.

Malta Company Announcements:

MedservRegis plc

MedservRegis plc announced on June 27, 2025, that its Board of Directors is scheduled to convene on Friday, August 29, 2025. The purpose of this meeting is to consider and approve the interim financial statements for the six-month period ending June 30, 2025.

Lombard Bank Malta plc

The Board of Directors of Lombard recommended a final net dividend per share of €0.0221. This recommendation is extended to all shareholders on record at the close of trading on May 22, 2025.

This proposed dividend, which is double that of the previous year, is subject to both regulatory approval and the endorsement of shareholders at the upcoming Annual General Meeting scheduled for June 25, 2025. The net dividend represents a payout ratio of 30.2%, an increase from 18.1% in 2023. If approved, the dividend will be disbursed on July 10, 2025.

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