Shoreline Mall plc - Updated Financial Analysis Summary

On 20 December 2024, Shoreline Mall plc published an updated Financial Analysis Summary, including forecasts for the current financial year ending 30 June 2025 and projections the following year ending 30 June 2026. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc:

• In FY2024/25, revenue is expected to fall to €6.2 million from €10.3 million, reflecting the absence of the one-off sale of carpark spaces amounting to €9.4 million in the previous year. This year’s revenue consists of €3.6 million from the operations of the shopping mall and €2.6 million from the sale of residential units. In FY2025/26, revenue is projected to increase to €11.1 million consisting of €4.6 million from the operations of the mall (+26.1%) and €6.6 million from the sale of residential units.
• Shoreline Mall plc is expecting EBITDA of €1.9 million in FY2024/25, €4.5 million in FY2025/26.
• Net finance costs are forecasted to remain stable at €1.73 million annually during the projected period.
• In terms of financial position as at 30 June 2025, Shoreline Mall plc is expecting total assets of €79.6 million, total debt of €57.1 million and an equity position of €20.4 million. These translate into a gearing ratio of 73.7% and a debt-to-asset ratio of 0.72 times.
• As at 30 June 2026, the company is projecting total assets of €80.9 million, total debt of €54.8 million and an equity position of €23.9 million. These translate into a gearing ratio of 69.6% and a debt-to-asset ratio of 0.68 times.