db Group reports turnover of almost €100 million and record profit as it opens bond issue to public investors

db Group, one of Malta’s leading hospitality and property groups, has announced record financial results for the year ending March 2025, with turnover rising by 11.8 per cent to €99.2 million – the highest in the Group’s history.

The Group also achieved a 15.03 per cent increase in EBITDA to €35.79 million, and a rise in net profit from operations to €18.6 million, reflecting strong performance across its portfolio and a continued focus on operational efficiency.

The encouraging results come as the Group moves forward on its international growth plans, following the successful opening of Aki London – which has already earned early acclaim from the city’s competitive hospitality scene – and a major upcoming investment in the United Arab Emirates.

In the UAE, db Group is partnering with RAK Hospitality Holding to develop the Hard Rock Hotel & Residences Ras Al Khaimah, located in the first Middle Eastern destination licensed to host a casino. The luxury mixed-use development, opening in 2028, will feature around 300 hotel rooms and 400 branded residences along Marjan Beach.

Meanwhile, in Malta, construction of the Hard Rock Hotel Malta, St George’s Mall, and ORA Residences is progressing on schedule, with strong demand for its luxury apartments.

Group CEO Robert Debono said: “Our results confirm the resilience and scalability of our business model. Even as we expand abroad, we are delivering stronger returns at home – a clear sign that our growth is both profitable and sustainable. This gives us confidence to pursue bold new projects while continuing to deliver consistent value to our investors.”

€60 million bond programme

In light of its strong performance, db Group has launched a €60 million bond programme over the next 12 months to further strengthen its cash position for upcoming investments.

The first issue – €33 million, which opened on 7th October and is currently available – will be followed by a €27 million issue in 2026. The bonds carry a 5.2 per cent coupon and mature in 2031.

The bonds are guaranteed by SD Holdings.

The Group’s Net Asset Value increased by 15 per cent to €241 million, with total assets rising to €591 million, positioning db Group among Malta’s most financially stable enterprises, with a diversified portfolio spanning hospitality, real estate, and leisure.

Investor information

The Base Prospectus and Final Terms are available on www.dbgroupmalta.com/investors. Copies can also be obtained from authorised financial intermediaries listed in Annex II of the Final Terms.

This advert has been issued by SD Finance p.l.c.. Prior to investing in bonds issued by the company, prospective investors are urged to consult their financial advisors and read the base prospectus and final terms before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the bonds. The value of the investment can go up or down and past performance is not necessarily indicative of future performance. The approval of the base prospectus by the Malta Financial Services Authority and, or the admission of the bonds to trading on a regulated market should not be understood as an endorsement of the bonds offered.

About db Group

Founded in 1984, db Group has grown from a single guesthouse into one of Malta’s leading business groups, active across tourism, hospitality, property, and leisure. Its portfolio includes Seabank Resort & Spa, San Antonio Hotel & Spa, LOA, AKI, and all local outlets of Hard Rock Café, Starbucks, and GROM.

The Group also operates a range of acclaimed venues including Melior Boutique Hotel, Colette Brasserie, Manta, Veràni, Amami, Tora, Nine Lives, and Blu Beach Club. With trusted global partners like Hard Rock International and Starbucks, db Group continues to expand its footprint internationally while upholding its values of excellence, innovation, and sustainability.

This advert has been approved by M.Z. Investment Services Limited of 63, MZ House, St Rita Street Rabat RBT1523 Malta.