“New Bond Issues: IZI Finance plc and MM Triton Malta Finance plc…”

IZI Finance p.l.c. and MM Triton Malta Finance plc have both launched new bond issues, scheduled for listing on the Malta Stock Exchange on 13 April 2026.

MM Triton Malta Finance plc – €45 Million 5.50% Secured Bonds

On 28 February 2026, MM Triton Malta Finance plc, the financing arm of MM Triton Holdco Limited, published a Prospectus for a €45 million secured bond issue, maturing on 2nd April 203.

Bonds carry a 5.50% coupon, are issued at par (€100), and have a minimum subscription of €2,000. Interest is paid annually on 2^nd April, starting in 2027.

Proceeds (~€43.9 million net) will partially fund the acquisition of the Marlow (€26.8 million) and Reading (€17.1 million) hotels.

The issuance forms part of Millemont Capital Partners’ strategy to expand its UK hospitality portfolio, focusing on acquiring, repositioning, and actively managing hotels with an emphasis on sustainability and value creation.

Offer Period: The offer period closes on 24th March 2026 (may close earlier at the Issuer’s discretion)

IZI Finance p.l.c. Launches €30 Million 5.50% Bonds

IZI Finance p.l.c., the financing arm of IZIGROUP, has launched a €30 million unsecured bond issue, maturing on 2^nd April 2036, to be listed on the Malta Stock Exchange on 13 April 2026.

Bonds carry a 5.50% coupon, are issued at par (€100), and have a minimum subscription of €2,000.

Interest is paid annually on 2 April, starting in 2027.

Proceeds (~€29.5 million net) will fund international expansion bids (€23 million), refinance an existing Bank of Valletta facility (€4 million), and support general corporate purposes (€2.5 million).

The bond distribution is split between Placement Agreements (€15 million), existing 2029 bondholders (€7.5 million), and an Intermediaries’ Offer (€7.5 million).

IZIGROUP’s strong growth continues, with FY2025 interim results showing turnover of €561 million (+25% YoY) and EBITDA of €18 million (+35% YoY), supporting its strategy for international market expansion.

Offer Period: 3 March – 24th March 2026 (may close earlier at the Issuer’s discretion)

Timberland Invest Ltd is currently accepting applications. If you are interested in participating in these bond issues, please contact us at 20908100, and our team will be happy to assist you.

Bortex Group Posts Higher Profits as Hospitality Expansion Drives Growth

Bortex Group reported a stronger financial performance for the year ended 31 October 2025, with pre-tax profit rising to €3.1 million (from €2.1 million) on turnover of €27.9 million. Adjusted EBITDA reached €5.4 million.

Growth was led by the hospitality division, which added €2.2 million in revenue year-on-year. This was driven by improved results at existing hotels, contributions from newly opened properties, and 1926 Gourmet, operator of the Michelin-starred Le GV at 1926 Le Soleil.

In 2025, the Group expanded its 1926 hotel portfolio with two openings:

• 1926 La Galerie in Valletta generated €147,153 in its first six months, with high occupancy (84.9%) and strong ADR.
• 1926 Les Bains in Sliema delivered €397,181 in revenue in its first three months despite a short trading period.

Established hotels also improved, with 1926 Le Soleil posting €6.7 million in revenue and significantly higher occupancy, while 1926 Le Parisot in Valletta recorded modest revenue growth.

Outside hospitality, Bortex’s manufacturing, retail, and property management businesses grew on the back of stronger retail sales, a larger Valletta store, and a new Polo Ralph Lauren outlet. While overall retail, corporate, and schoolwear sales increased, private label activity declined slightly.

Bortex plans international expansion with two new outlets in Poznań, including a second Gagliardi store and its first Polo Ralph Lauren mono-brand store in Poland, building on its expanded presence in Warsaw. Locally, the Group is also planning six new mono-brand stores at St George’s Mall, part of a development by db Group.

Company Announcements:

Bank of Valletta plc

The Board of Directors of Bank of Valletta p.l.c. is scheduled to meet on Thursday 26 March 2026 to:

1. consider and approve the Group’s and the Bank’s audited Annual Report and Financial Statements for Financial Year ended 31 December 2025; and

1.  ii) consider the declaration of a dividend to be recommended to the Bank’s Annual General Meeting.

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