Premier Capital plc – Updated Financial Analysis Summary

Jonathan Falzon

June 25, 2025

Market News
25 June, 2025
3 min read
Market News
25 June, 2025
3 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 24 June 2025, Premier Capital plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Premier Capital in 2025:

  • Revenue is expected to increase by 8.5% to a record of €775 million reflecting growth in revenue across all six markets, most notably in Romania (+10.2% to €445 million). During the year, Premier Capital expects to operate 10 additional stores for a total of 203 restaurants with the majority (115) located in Romania.
  • Operating expenses are expected to increase at a faster pace than revenues due to increases in food and labour costs. Consequently, EBITDA is expected to contract marginally by 0.6% to €102.5 million, and the EBITDA margin is anticipated to fall to 13.2% compared to 14.4% in 2024.
  • Net finance costs are forecasted to surge by 32.4% to €10.3 million from €7.80 million in 2024, reflecting the Group’s additional borrowings as well as additional lease interest from new restaurants which will be inaugurated in 2025. Moreover, lower levels of finance income from the Group’s investment portfolio are forecasted. As a result, the interest cover is expected to move lower to 9.9 times from 13.2 times in the previous year.
  • Total debt is forecasted to increase by 8.0% (or €21 million) to €285 million, which is composed of around €110 million in borrowings and €175 million in lease liabilities.
  • When considering the expected cash balance of about €25 million by the end of 2025, the net debt-to-EBITDA multiple is forecasted to amount to 2.5 times (31 December 2024: 2.2 times).

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 24 June 2025, Premier Capital plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Premier Capital in 2025:

  • Revenue is expected to increase by 8.5% to a record of €775 million reflecting growth in revenue across all six markets, most notably in Romania (+10.2% to €445 million). During the year, Premier Capital expects to operate 10 additional stores for a total of 203 restaurants with the majority (115) located in Romania.
  • Operating expenses are expected to increase at a faster pace than revenues due to increases in food and labour costs. Consequently, EBITDA is expected to contract marginally by 0.6% to €102.5 million, and the EBITDA margin is anticipated to fall to 13.2% compared to 14.4% in 2024.
  • Net finance costs are forecasted to surge by 32.4% to €10.3 million from €7.80 million in 2024, reflecting the Group’s additional borrowings as well as additional lease interest from new restaurants which will be inaugurated in 2025. Moreover, lower levels of finance income from the Group’s investment portfolio are forecasted. As a result, the interest cover is expected to move lower to 9.9 times from 13.2 times in the previous year.
  • Total debt is forecasted to increase by 8.0% (or €21 million) to €285 million, which is composed of around €110 million in borrowings and €175 million in lease liabilities.
  • When considering the expected cash balance of about €25 million by the end of 2025, the net debt-to-EBITDA multiple is forecasted to amount to 2.5 times (31 December 2024: 2.2 times).