FINANCIAL TARGETS

Financial targets for 2030

Sunborn International Plc aims for a turnover of €85.7 million and €31.6 million of EBITDA by 2030.

This revenue target is based on the opening of two planned new Evolution Series yacht hotels, which will be located in Royal Victoria Dock, London and Coal Harbour, Vancouver, as well as the current Gibraltar yacht hotel and a new yacht hotel in Seville, which will be a refit of the current London vessel. The first full year of four-hotel operations is expected in 2030, with new Evolution Series hotels targeting individual EBITDA margins of 40%.

The total investment required to execute the development programme is approximately €210 million. The investments are intended to be primarily financed through state-guaranteed export credit financing, with the remainder funded through equity. Sunborn International sees its ability to combine asset-backed export credit and equity to achieve a competitive cost of capital as a strategic cornerstone in generating long-term shareholder value.

Sunborn International Plc's full-year revenue in 2025 was €26.7 million and full-year EBITDA was €7.4 million (28% margin).