FINANCIAL TARGETS

Financial targets for 2028

Sunborn International Plc aims for a turnover of €60 million and an operational EBITDA of €24 million by 2028.

This revenue target is based on the current yacht hotels and two planned new Evolution series yacht hotels, one of which would be located in London by the end of 2026 and the other in Vancouver by 2027. Sunborn International Plc sees the key drivers of operational EBITDA as new technologically advanced and energy efficient yacht hotels and the improved performance of the Sunborn Gibraltar yacht hotel. The investments required to expand the business are expected to be approximately €160 million by the end of 2028, and the investments are intended to be mainly financed through export financing. Sunborn International Holding Ltd's pro forma revenue in 2024 was €25.1 million and pro forma operational EBITDA was €5.5 million.