On 2 June 2025, Mariner Finance p.l.c. (the “Company” or “Mariner”) announced the publication of an updated Financial Analysis Summary. The report outlines the financial performance of Mariner for the period from FY2022 to FY2024, and also provides projections for the financial year ending 31 December 2025.

For FY2025, the Company is forecasting a modest increase in revenue to €20.75 million, up from €20.04 million in FY2024. EBITDA is projected to rise to €11.07 million from €10.20 million. Profit for the year is expected to amount to €5.63 million, broadly in line with the €5.60 million recorded in the prior year.

Total assets are forecast to increase slightly to €127.81 million from €126.62 million in FY2024. Total equity is projected to remain broadly stable at €65.84 million compared to €65.81 million as at the end of FY2024. Total debt is expected to rise marginally to €57.30 million from €56.60 million, while net debt is forecast to increase slightly from €55.86 million to €56.54 million.

The net debt-to-EBITDA multiple is expected to improve to 5.11 times compared to 5.48 times in FY2024. The interest cover is forecast to increase to 4.36 times, up from 4 times in the previous financial year. Net gearing is expected to edge higher to 46.20% from 45.91%, whilst the debt-to-assets ratio is projected to remain unchanged at 0.45 times.

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Financial Analysis Summary dated 2 June 2025