On 27 June 2025, GAP Group p.l.c. (the “Group” or "GAP") announced the publication of an updated Financial Analysis Summary. The report outlines the financial performance of the Group for the period from FY2022 to FY2024, and also provides projections for the financial year ending 31 December 2025.
For FY2025, GAP is forecasting a contraction in revenue to €25.20 million compared to €48.18 million in FY2024. EBITDA is also expected to decrease to €9.32 million from €17.70 million a year earlier, whilst net profit is projected to decline to €7.61 million from €14.35 million in FY2024.
Total assets are forecast to decline to €69.62 million from €85.04 million as at the end of FY2024. Total equity is projected to increase to €58.12 million from €50.72 million a year earlier. Meanwhile, total debt is expected to fall sharply to €8.01 million from €28.18 million in FY2024, whilst net debt is forecast to decrease to €1.67 million compared to €18.43 million in the previous year.
The Group’s debt metrics are anticipated to strengthen considerably in FY2025. The net debt-to-EBITDA multiple is forecast to ease markedly to 0.18 times from 1.04 times in FY2024. Net gearing is projected to improve to 2.79%, compared to 26.65% a year earlier, whilst the debt-to-assets ratio is expected to contract to 0.11 times from 0.33 times in the previous year.
Download:
Financial Analysis Summary dated 27 June 2025
Important Information:
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M.Z. Investment Services Limited of 63, MZ House, St Rita Street, Rabat RBT 1523, Malta, is regulated by the Malta Financial Services Authority and licensed to conduct investment services business in terms of the Investment Services Act (Cap. 370 of the Laws of Malta).