MedservRegis plc, an integrated logistics specialist primarily servicing the energy (oil and gas) and mining sectors, said that its Malta-based operations delivered record results, registering a 150 per cent growth over the same period last year.

According to the company’s interim report for Q3 2025, this success was driven by “multiple offshore drilling and construction campaigns for ENI, Mellitah Oil & Gas, and Saipem.”

In the first nine months of 2025, the group recorded a significant 37 percent increase in revenues, reaching €68.8 million, up from €50.2 million during the same period in 2024.

This growth was largely attributed to the Integrated Logistics Support Services (ILSS) segment, which doubled its revenues year-on-year to €43.8 million, supported by strong activity not only in Malta but also in Cyprus. Cyprus also reported solid performance, buoyed by ongoing operations with ExxonMobil.

The company’s Oil Country Tubular Goods (OCTG) segment also demonstrated steady progress, driven primarily by operations in Iraq and Oman, while the broader Middle East region continued to contribute solidly to overall performance.

MedservRegis reported a group EBITDA of €16.4 million for the first nine months of 2025, up from €12.6 million in the same period last year. The company said this increase was mainly due to better efficiency and stronger profit margins in key markets. For the third quarter alone, EBITDA reached €5.6 million, a level the group expects to maintain or even improve in the months ahead.

The outlook for the rest of 2025 and into 2026 remains positive, with activity in Malta and Libya expected to grow further following the launch of the new Misurata base and ongoing offshore drilling projects in Libya. In Cyprus, work is underway to prepare for a major multi-well drilling programme scheduled for 2026, showing continued strength in the Eastern Mediterranean.

At the same time, MedservRegis is reinforcing its position in the Middle East through long-term contracts in Oman, Iraq, and the UAE. The company is also exploring new growth opportunities in Sub-Saharan Africa and the Americas, expanding its global reach.

The group’s logistics base in Suriname is expected to commence operations in the second half of 2026 under a long-term contract, with additional opportunities emerging in Namibia.

Despite “geopolitical risks persist in several of the Group’s operating regions, it remains confident in its diversified geographic base, strong order book, and disciplined operational execution,” the statement read.

Bond issuance extended

Meanwhile on Friday, the group announced an extension to its ongoing bond offer, giving investors more time to take part in the company’s €25 million bond issue. The new unsecured bonds, which will mature between 2031 and 2036, are being issued in both euro and US dollars.

The funds raised will be used to replace two existing bond issues from 2015 – the 5.75 per cent US dollar bonds and the 4.5 per cent euro bonds – up to a combined total of €25 million.

Existing bondholders, as of 16th October 2025, were given the chance to exchange their current bonds for the new ones of the same currency and value. Any remaining bonds not taken up through this exchange are being offered to the wider market through financial intermediaries.

MedservRegis said it decided to extend the subscription period until 1pm on 20th November 2025, due to a busy period in Malta’s financial markets, with several companies currently offering new investments at the same time. This extension applies to both the exchange offer for existing bondholders and the intermediaries’ offer for new investors.

The company also updated its bond issue timetable to reflect the new dates for the offer’s closing, the announcement of results, and the bonds’ listing on the Malta Stock Exchange.

MedservRegis said the bond issue is part of its ongoing plan to strengthen its financial structure, manage funding more efficiently, and support future growth.