Hili Properties plc - Updated Financial Analysis Summary

On 25 June 2025, Hili Properties plc published an updated Financial Analysis Summary. The following are the main highlights of the company’s expected financial performance and position in 2025:

• Revenues are expected to fall by 1.7% to €15.6 million, as the reduced projected income from property sales in Latvia will be offset by growth in other countries.
• Also driven by an expected increase in net operating expenses, EBITDA is anticipated to ease by 5.6% to €12.4 million.
• Finance costs are projected to drop by 3.3% to €6.32 million on the back of lower anticipated outstanding debt. Consequently, the interest cover is anticipated to stay unchanged at 2.0 times.
• Total debt is forecasted to fall by 42.6% to €61.6 million from €107 million as at 31 December 2024. As a result, the gearing ratio (calculated as total debt divided by total debt plus equity) is anticipated to decrease to 33.0% compared to 47.2% as at the end of 2024. Considering a projected cash balance of €2.87 million, practically unchanged from 31 December 2024, the net debt-to-EBITDA multiple is forecasted to fall to 4.5 times compared to 7.7 times in 2024.
• Total assets are estimated to decline by 10.7% to €226 million primarily attributable to the forecasted sale of property. The debt to asset ratio is anticipated to be 0.27 times compared to 0.42 times in the previous year.