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Shoreline Mall plc – Updated Financial Analysis Summary

cyber

December 17, 2025

17 December, 2025
3 min read
17 December, 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 17 December 2025, Shoreline Mall plc published an updated Financial Analysis Summary, which included forecasts for the current financial year ending 30 June 2026 and projections the following year ending 30 June 2027. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc:

  • In FY2025/26, revenue is expected to rise to €7.8 million from €3.0 million in the previous year, reflecting the income of €4.3 million from the sale of luxury residences as well as a 18.5% increase in rental income to €3.53 million.
  •  In FY2026/27, revenue is projected to increase to €12.0 million consisting of €4.2 million from the operations of the mall (+19.0%) and €7.7 million from the sale of residential units.
  • EBITDA is expected to amount to €2.2 million in FY2025/26 and €4.2 million in FY2026/27.
  • Net finance costs are forecasted to remain stable at €1.7 million in FY2025/26 and then rise by 7.1% to €1.9 million in the following year. The interest cover is expected at 1.3 times this year and 2.3 times in the following year.
  • In terms of financial position as at 30 June 2026, Shoreline Mall plc is expecting total assets of €77.4 million, total debt of €55.5 million and an equity position of €19.6 million. These translate into a gearing ratio of 73.9% and a debt-to-asset ratio of 0.72 times.
  • As at 30 June 2027, the company is projecting total assets of €75.2 million, total debt of €49.8 million and an equity position of €23.2 million. These translate into a gearing ratio of 68.2% and a debt-to-asset ratio of 0.66 times.
  • Shoreline explained that it is a defendant included in an arbitration case but at this stage it is not feasible to determine the likely outcome of the case. Accordingly, it is not feasible to quantify a contingent liability, and no provision has been recognised.

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 17 December 2025, Shoreline Mall plc published an updated Financial Analysis Summary, which included forecasts for the current financial year ending 30 June 2026 and projections the following year ending 30 June 2027. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc:

  • In FY2025/26, revenue is expected to rise to €7.8 million from €3.0 million in the previous year, reflecting the income of €4.3 million from the sale of luxury residences as well as a 18.5% increase in rental income to €3.53 million.
  •  In FY2026/27, revenue is projected to increase to €12.0 million consisting of €4.2 million from the operations of the mall (+19.0%) and €7.7 million from the sale of residential units.
  • EBITDA is expected to amount to €2.2 million in FY2025/26 and €4.2 million in FY2026/27.
  • Net finance costs are forecasted to remain stable at €1.7 million in FY2025/26 and then rise by 7.1% to €1.9 million in the following year. The interest cover is expected at 1.3 times this year and 2.3 times in the following year.
  • In terms of financial position as at 30 June 2026, Shoreline Mall plc is expecting total assets of €77.4 million, total debt of €55.5 million and an equity position of €19.6 million. These translate into a gearing ratio of 73.9% and a debt-to-asset ratio of 0.72 times.
  • As at 30 June 2027, the company is projecting total assets of €75.2 million, total debt of €49.8 million and an equity position of €23.2 million. These translate into a gearing ratio of 68.2% and a debt-to-asset ratio of 0.66 times.
  • Shoreline explained that it is a defendant included in an arbitration case but at this stage it is not feasible to determine the likely outcome of the case. Accordingly, it is not feasible to quantify a contingent liability, and no provision has been recognised.