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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

MAS

MSP · A2X Markets · Consolidated statements

On this page
Company details
Legal name
MAS P.L.C.
Listing
MSP on the A2X Markets, active · ISIN VGG5884M1041 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 30 Jun 2025 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2025: final status not established

    Short-form announcement published by MAS P.L.C., stated to be the responsibility of the Directors, with the typeset names of the CEO and CFO dated 27 August 2025 and released 29 August 2025 (PDF p1). No auditor's report on the announcement is printed; it states that the Annual Financial Statements were audited by PricewaterhouseCoopers (Malta), who expressed an unmodified audit opinion thereon.

    Source: SHORT-FORM ANNOUNCEMENT: AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2025 (dated 2025-08-27)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'This short-form announcement is the responsibility of the Directors and is only a summary of the information contained in the consolidated audited annual financial statements ("Annual Financial Statements") released on SENS on Friday, 29 August 2025' (p1) No auditor's report on the summary is printed; the summary states (p1): 'This short-form announcement is the responsibility of the Directors and is only a summary of the information contained in the consolidated audited annual financial statements ("Annual Financial Statements") released on SENS on Friday, 29 August 2025 ... The Annual Financial Statements have been audited by the Company's auditors, PricewaterhouseCoopers (Malta), who expressed an unmodified audit opinion thereon.' Condensed consolidated statement of financial position (subtotals only: non-current and current assets, equity, non-current and current liabilities) and condensed consolidated statement of profit or loss, with a Financial performance table (NAV per share, EPS, headline earnings and HEPS) and non-IFRS distributable-earnings and tangible-NAV tables (PDF p1). No cash-flow statement, no other comprehensive income, no statement of changes in equity.

    Source: SHORT-FORM ANNOUNCEMENT: AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2025 (dated 2025-08-27)

  • Revenue

    EUR 102 million

    101,865 EUR thousands · p1

    +6.3% vs 2024

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    EUR 125 million

    124,967 EUR thousands · p1

    +1.4% vs 2024

  • Total assets

    EUR 1.85 billion

    1,851,653 EUR thousands · p1

    +12.7% vs 2024

  • Total equity

    EUR 1.21 billion

    1,212,059 EUR thousands · p1

    +11.5% vs 2024

  • Cash from operations

    Not reported in this filing

Large amounts are rounded for reading (EUR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in EUR thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Jun 2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY to 30 Jun 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 30 Jun 2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'This short-form announcement is the responsibility of the Directors and is only a summary of the information contained in the consolidated audited annual financial statements ("Annual Financial Statements") released on SENS on Friday, 29 August 2025' (p1) No auditor's report on the summary is printed; the summary states (p1): 'This short-form announcement is the responsibility of the Directors and is only a summary of the information contained in the consolidated audited annual financial statements ("Annual Financial Statements") released on SENS on Friday, 29 August 2025 ... The Annual Financial Statements have been audited by the Company's auditors, PricewaterhouseCoopers (Malta), who expressed an unmodified audit opinion thereon.' Condensed consolidated statement of financial position (subtotals only: non-current and current assets, equity, non-current and current liabilities) and condensed consolidated statement of profit or loss, with a Financial performance table (NAV per share, EPS, headline earnings and HEPS) and non-IFRS distributable-earnings and tangible-NAV tables (PDF p1). No cash-flow statement, no other comprehensive income, no statement of changes in equity.

Income statement

Income statement, EUR thousands. Columns: FY to 30 Jun 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Jun 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Jun 2025Published summary of audited statements (summary)reported for the yearFY to 30 Jun 2024Published summary of audited statements (summary)comparative in FY to 30 Jun 2025 filingsource limitations
Headline earnings (€ thousand)1 52,170 51,593
Rental income2 76,172 72,237
Service charge income and other recoveries3 25,693 23,557
Gross revenue 101,865 95,794
Impairment of receivables (59) (427)
Service charge and other property operating expenses4 (30,703) (28,247)
Net rental income5 71,103 67,120
Corporate expenses6 (7,204)7 (7,143)
Other income 740 7,694
Investment expenses8 (2,100) (1,414)
Fair value adjustments9 53,190 55,237
Loss on disposal of subsidiary10 (3,289) –11
Foreign currency exchange differences (36) (53)
Share of profit from equity-accounted investee, net of tax 18,451 7,68612
Reversal of impairment of share-based payment prepayments13 39 184
Profit before finance income/(costs)14 130,894 129,311
Finance income 38,823 31,571
Finance costs (28,536) (25,325)
Profit before tax 141,181 135,557
Current tax15 (4,226) (3,402)
Deferred tax16 (11,769) (10,981)
Profit from continuing operations17 125,186 121,174
(Loss)/profit from discontinued operations, net of tax18 (219) 2,009
Profit for the year 124,967 123,183
  1. Printed “(7, 20 4)”; read as (7,204). p1: The text layer spaces the 2025 cell's digits by kerning ('(7, 20 4)'); the page image prints (7,204).
  2. Printed “–”, read as nil: subtotal_arithmetic: is.native.co_0dzyaatt0nd3.profit_before_net_finance.
  3. Printed “7,6 8 6”; read as 7,686. p1: The text layer spaces the 2024 cell's digits by kerning ('7,6 8 6'); the page image prints 7,686.
Notes and alternative reported figures (15)
  1. “Headline earnings (€ thousand)” is an issuer-specific line, not mapped to a shared definition: JSE headline earnings (Financial performance table).
  2. “Rental income” is an issuer-specific line, not mapped to a shared definition: Component of gross revenue.
  3. “Service charge income and other recoveries” is an issuer-specific line, not mapped to a shared definition: Component of gross revenue.
  4. “Service charge and other property operating expenses” is an issuer-specific line, not mapped to a shared definition: Deducted in arriving at net rental income.
  5. “Net rental income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: gross revenue less impairment of receivables and property operating expenses.
  6. “Corporate expenses”: mapping to a shared definition is uncertain. Printed 'Corporate expenses'.
  7. “Investment expenses” is an issuer-specific line, not mapped to a shared definition: Within profit before finance income/(costs).
  8. “Fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Fair value adjustments (mainly investment property, per the commentary).
  9. “Loss on disposal of subsidiary” is an issuer-specific line, not mapped to a shared definition: 2024 printed '–'.
  10. “Reversal of impairment of share-based payment prepayments” is an issuer-specific line, not mapped to a shared definition: Within profit before finance income/(costs).
  11. “Profit before finance income/(costs)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal before finance income and finance costs.
  12. “Current tax” is an issuer-specific line, not mapped to a shared definition: Tax charge printed in two lines (current and deferred).
  13. “Deferred tax” is an issuer-specific line, not mapped to a shared definition: Tax charge printed in two lines (current and deferred).
  14. “Profit from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  15. “(Loss)/profit from discontinued operations, net of tax” is an issuer-specific line, not mapped to a shared definition: Discontinued operations.

Balance sheet

Balance sheet, EUR thousands. Columns: FY to 30 Jun 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Jun 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Jun 2025Published summary of audited statements (summary)reported for the yearFY to 30 Jun 2024Published summary of audited statements (summary)comparative in FY to 30 Jun 2025 filingsource limitations
Non-current assets 1,522,517 1,543,847
Current assets 329,136 99,263
Total assets 1,851,653 1,643,110
Equity attributable to owners of the Group 1,212,059 1,086,655
Total equity 1,212,059 1,086,655
Non-current liabilities 389,459 519,904
Current liabilities 250,135 36,551
Total liabilities 639,594 556,455
Total shareholder equity and liabilities 1,851,653 1,643,110

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Jun 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Jun 2025Published summary of audited statements (summary)reported for the yearFY to 30 Jun 2024Published summary of audited statements (summary)comparative in FY to 30 Jun 2025 filingsource limitations
Earnings / (loss) per share (per share)41 0.19792 0.18883
Profit / (loss) attributable to shareholders (EUR thousands)5 124,967 123,183
  1. Printed as 19.79 eurocents; value converted to EUR at 100 eurocents = 1 EUR.
  2. Printed as 18.88 eurocents; value converted to EUR at 100 eurocents = 1 EUR.
Notes and alternative reported figures (3)
  1. “IFRS Earnings per share (eurocents)”: mapping to a shared definition is uncertain. Printed 'IFRS Earnings per share (eurocents)'; basic or diluted not stated.
  2. Earnings / (loss) per share: printed as “IFRS Earnings per share (eurocents)”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the Group”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • SHORT-FORM ANNOUNCEMENT: AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2025

    Year ended 30 June 2025 · Published summary of audited statements (summary) · final status not established

    Audit: PricewaterhouseCoopers (Malta) (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Short-form announcement published by MAS P.L.C., stated to be the responsibility of the Directors, with the typeset names of the CEO and CFO dated 27 August 2025 and released 29 August 2025 (PDF p1). No auditor's report on the announcement is printed; it states that the Annual Financial Statements were audited by PricewaterhouseCoopers (Malta), who expressed an unmodified audit opinion thereon.

    Document date
    27 Aug 2025
    Published
    29 Aug 2025
    Auditor's report
    date not found in this document
    Board approval
    date not recorded
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2025, FY to 30 Jun 2024
    Basis
    consolidated statements · EUR thousands (printed “All amounts in € thousand unless otherwise stated.”)
    • Consolidated (Group) figures. The FY2026 document transcribed in fin-r4-w02 (mas_fy2026) is the Company's separate statements only, so FY2025 here and FY2026 there are on different bases.
    • Per-share figures are printed in eurocents: IFRS EPS 19.79 (2024: 18.88), HEPS 8.26 (2024: 7.91), NAV per share 176.2 (2024: 157.9) (PDF p1). The announcement does not show the EPS share denominator; EPS is kept as printed (profit for the year divided by the printed weighted average shares does not give 19.79).
    • No auditor's report on the summary is printed; the summary states (p1): 'This short-form announcement is the responsibility of the Directors and is only a summary of the information contained in the consolidated audited annual financial statements ("Annual Financial Statements") released on SENS on Friday, 29 August 2025 ... The Annual Financial Statements have been audited by the Company's auditors, PricewaterhouseCoopers (Malta), who expressed an unmodified audit opinion thereon.'
    • Condensed consolidated statement of financial position (subtotals only: non-current and current assets, equity, non-current and current liabilities) and condensed consolidated statement of profit or loss, with a Financial performance table (NAV per share, EPS, headline earnings and HEPS) and non-IFRS distributable-earnings and tangible-NAV tables (PDF p1). No cash-flow statement, no other comprehensive income, no statement of changes in equity.
    Technical details
    File
    1 pages, with a text layer
    SHA-256
    f9aaae267fd6bc6e44c9979d848be2b576d210bff83afef0d6fde13c9dca3254
    Entity as printed
    MAS P.L.C. (MAS, the Company or the Group); Registered in Malta, Registration number: C99355
    Issuer copy
    retrieved 2026-10-08T18:47:14Z

Data notes

  • Corporate expenses — Printed '(7, 20 4)'; read as '(7,204)'. The text layer spaces the 2025 cell's digits by kerning ('(7, 20 4)'); the page image prints (7,204). (SHORT-FORM ANNOUNCEMENT: AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2025, p1)
  • Share of profit from equity-accounted investee, net of tax — Printed '7,6 8 6'; read as '7,686'. The text layer spaces the 2024 cell's digits by kerning ('7,6 8 6'); the page image prints 7,686. (SHORT-FORM ANNOUNCEMENT: AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2025, p1)

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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