Premier Capital plc - Updated Financial Analysis Summary

On 24 June 2025, Premier Capital plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of Premier Capital in 2025:

• Revenue is expected to increase by 8.5% to a record of €775 million reflecting growth in revenue across all six markets, most notably in Romania (+10.2% to €445 million). During the year, Premier Capital expects to operate 10 additional stores for a total of 203 restaurants with the majority (115) located in Romania.
• Operating expenses are expected to increase at a faster pace than revenues due to increases in food and labour costs. Consequently, EBITDA is expected to contract marginally by 0.6% to €102.5 million, and the EBITDA margin is anticipated to fall to 13.2% compared to 14.4% in 2024.
• Net finance costs are forecasted to surge by 32.4% to €10.3 million from €7.80 million in 2024, reflecting the Group’s additional borrowings as well as additional lease interest from new restaurants which will be inaugurated in 2025. Moreover, lower levels of finance income from the Group’s investment portfolio are forecasted. As a result, the interest cover is expected to move lower to 9.9 times from 13.2 times in the previous year.
• Total debt is forecasted to increase by 8.0% (or €21 million) to €285 million, which is composed of around €110 million in borrowings and €175 million in lease liabilities.
• When considering the expected cash balance of about €25 million by the end of 2025, the net debt-to-EBITDA multiple is forecasted to amount to 2.5 times (31 December 2024: 2.2 times).