On 30 June 2025, International Hotel Investments p.l.c. (the “Company” or “IHI”) announced the publication of an updated Financial Analysis Summary. The report outlines the Company's financial performance for the period from FY2022 to FY2024, and also provides projections for the financial year ending 31 December 2025.

For FY2025, IHI is forecasting a notable increase in revenue to €345.61 million compared to €306.79 million in FY2024. EBITDA is projected to rise substantially to €68.40 million from €62.38 million in the prior year, as the Company expects improved operational contributions across its hospitality and real estate portfolio. Profit for the year is forecast to rebound to €1.31 million, reversing the net loss of €1.25 million incurred in FY2024.

Total assets are projected to decline slightly to €1.92 billion from €1.94 billion, whilst total equity is expected to increase to €941.15 million from €910.38 million. Total debt is forecast to reduce from €768.73 million to €752.06 million, with net debt expected to decrease significantly from just under €697 million to €597.43 million.

The net debt-to-EBITDA multiple is projected to decline to 8.73 times from 11.17 times in FY2024, whilst the interest cover is forecast to improve to 1.65 times, up from 1.46 times in the prior year. Net gearing is anticipated to ease to 38.83% from 43.36%, and the debt-to-assets ratio is projected to reduce marginally from 0.40 times to 0.39 times.

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Financial Analysis Summary dated 30 June 2025