Juel Group reports record 2025 results with revenue nearing €24 million

Juel Group delivered a record financial performance in 2025, with revenue rising to €23.98 million from €6.6 million the previous year, driven by the first full year of operations at Hyatt Centric Malta and strong property development activity.

According to the Group’s latest Financial Analysis Summary, Hyatt Centric Malta generated €8.76 million in revenue during its first full year of trading following its opening in November 2024, while property development contributed €15.21 million. The 170-room hotel in Swieqi operates under a 25-year franchise agreement with Hyatt International and is Malta’s only Hyatt Centric-branded property.

EBITDA increased to €6.45 million from €1.89 million in 2024, while total comprehensive income reached €4.8 million.

The Group also completed its strategic exit from the rental property market, shifting its focus entirely to hospitality and property development. It continues to progress several residential projects and holds investments in ACMUS plc and Gap Group Investments (II) Limited.

Looking ahead, Juel expects revenue to moderate to around €20 million in 2026 as property sales normalise, while hotel revenue is forecast to exceed €9 million. The Group also plans to dispose of most of its remaining residential inventory and acquire two new development sites for 37 residential units.

Juel forecasts ending 2026 with cash balances of approximately €5.7 million while maintaining a stable equity base to support its ongoing investment strategy.

MMH strengthens bond repayment plans with €1.8 million escrow deposit

Mediterranean Maritime Hub (MMH) has made further progress towards redeeming its €15 million bond due in October after placing €1.8 million into an escrow account as part of a transaction expected to be completed in September.

The funds represent an initial payment linked to a wider deal that is intended to finance the bond redemption, providing greater reassurance to investors following uncertainty over the company’s refinancing plans.

The update marks a significant improvement from last year, when MMH disclosed that negotiations with a prospective investor had failed, prompting it to pursue an alternative investment proposal from local investors. The company had previously warned that fresh financing would be required to meet its bond obligations, raising concerns over its repayment plans.

Alongside the escrow announcement, MMH reported a return to profitability in its latest financial statements, signalling an improvement in its financial performance after a difficult period that also saw delays in financial reporting.

MMH operates the former Marsa Shipbuilding site under a 65-year Government concession and has been seeking strategic investment to support its long-term development. With the transaction expected to close before the bond matures, the company appears to be on track to meet its repayment commitments.

Shoreline secures overwhelming support for €14 million bond extension

Shoreline Mall plc has received strong backing from its bondholders after they voted to approve a two-year extension to the repayment of its €14 million bond issue. More than 95% of those who participated in the vote supported the proposal.

The decision was taken during a bondholders’ meeting held on 30 June, where the required quorum was reached and the amendments to the terms of the company’s 4% Secured Bonds 2026 were formally approved.

Under the revised terms, the bonds will now mature on 1 August 2028 instead of 1 August 2026. However, Shoreline retains the right to redeem the bonds earlier, either partially or in full, provided bondholders receive 30 days’ notice.

To compensate investors for the extended repayment period, the annual interest rate will rise from 4% to 6.5% from the end of July 2026. Bondholders will also receive a one-off payment equal to 0.25% of the nominal value of their investment together with the next interest payment due in August.

The restructuring package also strengthens investor protection. Shoreline Residence Ltd and its parent company, Shoreline Holdings Ltd, have agreed to indemnify Shoreline Mall plc against claims linked to the ongoing legal proceedings initiated by contractor Koray Global Malta Ltd. In addition, the company has committed not to repay related-party loans or provide financing to other group companies until the bonds have been fully redeemed.

Ahead of the vote, director Ryan Otto said the company continues to explore several funding options, including financial support from its ultimate parent company, Jade Property Investments Ltd, with the various alternatives being pursued in order of preference.

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