Shoreline Mall plc - Updated Financial Analysis Summary

On 17 December 2025, Shoreline Mall plc published an updated Financial Analysis Summary, which included forecasts for the current financial year ending 30 June 2026 and projections the following year ending 30 June 2027. The following are the main highlights of the expected financial performance and position of Shoreline Mall plc:

• In FY2025/26, revenue is expected to rise to €7.8 million from €3.0 million in the previous year, reflecting the income of €4.3 million from the sale of luxury residences as well as a 18.5% increase in rental income to €3.53 million.
•  In FY2026/27, revenue is projected to increase to €12.0 million consisting of €4.2 million from the operations of the mall (+19.0%) and €7.7 million from the sale of residential units.
• EBITDA is expected to amount to €2.2 million in FY2025/26 and €4.2 million in FY2026/27.
• Net finance costs are forecasted to remain stable at €1.7 million in FY2025/26 and then rise by 7.1% to €1.9 million in the following year. The interest cover is expected at 1.3 times this year and 2.3 times in the following year.
• In terms of financial position as at 30 June 2026, Shoreline Mall plc is expecting total assets of €77.4 million, total debt of €55.5 million and an equity position of €19.6 million. These translate into a gearing ratio of 73.9% and a debt-to-asset ratio of 0.72 times.
• As at 30 June 2027, the company is projecting total assets of €75.2 million, total debt of €49.8 million and an equity position of €23.2 million. These translate into a gearing ratio of 68.2% and a debt-to-asset ratio of 0.66 times.
• Shoreline explained that it is a defendant included in an arbitration case but at this stage it is not feasible to determine the likely outcome of the case. Accordingly, it is not feasible to quantify a contingent liability, and no provision has been recognised.