CPHCL Finance plc - Updated Financial Analysis Summary

On 30 June 2025, CPHCL Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of CPHCL Company Limited (the Guarantor) for 2025:

• Revenues are expected to increase by 12.1% to a record of €391 million (2024: €349 million) driven by the full-year income from the Corinthia Grand Hotel Astoria Brussels and The Surrey Corinthia Hotel New York, which opened towards the end of 2024 and management income from two hotels in Beverly Hills and Corinthia Grand Hotel Du Boulevard Bucharest, which opened in the beginning of 2025.
• EBITDA is forecasted to rise by 10.8% to €69.4 million (2024: €62.7 million). As a result, the EBITDA margin is set to remain practically unchanged at about 18%.
• The Group is expecting €6.9 million as a share of profit from equity accounted investments, largely reflecting the performance of Mediterranean Investments Holding plc.
• Net finance costs are expected to decrease by 3.0% to €45.0 million. Consequently, the interest cover is anticipated to improve slightly to 1.54 times compared to 1.35 times in 2024.
• The Group anticipates other gains of €14.1 million reflecting the impact of the proposed sale of a significant portion of IHI’s Corinthia Hotel Lisbon and the sale of 75% shareholding in Malta Fairs and Conventions Centre Limited (MFCC).
• Total debt is projected to decline by 1.3% (or €11 million) to €822 million. The gearing ratio (calculated as total debt divided by total debt plus equity) is anticipated to improve marginally to 45%.
• After accounting for expected cash balances totalling €169 million as at the end of 2025, the Group’s net debt is projected at €653 million. Consequently, the net debt to EBITDA multiple is set to improve to 9.4 times compared to 11.3 times last December.