Eden Finance plc - Updated Financial Analysis Summary

On 24 June 2025, Eden Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Eden Leisure Group Limited (the Guarantor) in 2025:

• Revenues are expected to surge by 25.1% to a record of €57.0 million from €45.6 million last year, driven by higher income from both the hospitality segment (+22.8% to €40.0 million) and the entertainment and leisure segment (+31% to €17.0 million). The performance of the hospitality division is expected to be boosted by the start of the operations of Voco Malta as well as stronger underlying dynamics of the conference business. On the other hand, the entertainment and leisure segment will benefit mostly from the twelve-month contribution of The Eden.
• EBITDA is also forecasted to rise by 34.3% to €12.3 million (FY2024: €9.8 million). In the context of a sharper growth in revenue than operating expenses, the EBITDA margin is anticipated to improve to 23.1% compared to 21.5% last year. Notably, the hospitality and leisure segments are projected to have segmental EBITDA margins of 25.6% and 7.1% respectively.
• Net finance costs are anticipated to be 37.5% higher at €2.96 million compared to €2.15 million last year. Consequently, the interest cover is expected to remain practically unchanged at 4.5 times.
• Total debt and net debt are expected to remain practically unchanged at €72.3 million and €68.2 million respectively. The gearing ratio (calculated as total debt divided by total debt plus equity) is anticipated to fall to 28.5% compared to 29.9% as at the end of 2024.
• The net debt-to-EBITDA multiple is expected to strengthen to 5.2 times compared to 6.9 times as at the end of 2024.