On 27 June 2025, The Ona p.l.c. (the “Group” or “The Ona”) announced the publication of an updated Financial Analysis Summary. The report outlines the Group's financial performance for the period from FY2022 to FY2024, and also provides projections for the financial year ending 31 December 2025.

For FY2025, The Ona is forecasting a strong rebound in profitability, with revenue expected to increase markedly to €11.51 million from €7.72 million in FY2024. EBITDA is projected to rise to €3.34 million compared to €2.11 million a year earlier, whilst the Group is forecasting a return to profitability with net profit of €1.06 million following a net loss of €0.81 million incurred in FY2024.

Total assets are expected to decline marginally to €36.99 million from €38.93 million as at the end of FY2024. Nonetheless, total equity is projected to increase to €9.02 million, up from €7.96 million. Total debt is forecast to remain broadly stable at €26.60 million, whilst net debt is expected to decline to €24.51 million from €26.81 million in FY2024.

The Group’s net gearing is forecast to improve slightly to 73.09% compared to 77.11% a year earlier. Similarly, the net debt-to-EBITDA multiple is expected to strengthen to 7.33 times from 12.72 times in FY2024, reflecting both lower net debt and stronger operating performance. The interest cover is projected to trend higher to 3.72 times, up from 2.35 times in FY2024. The Group’s debt-to-assets ratio is expected to weaken slightly to 0.72 times compared to 0.69 times as at the end of FY2024.

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Financial Analysis Summary dated 27 June 2025