The Bortex Group reported a €3.1 million pre-tax profit for the financial year that ended in 31st October 2025, up from €2.1 million the previous year.
It also reported a total turnover of €27.9 million and an adjusted EBITDA of €5.4 million.
Bortex’s financial results were strengthened by an overall €2.2 million increase in revenue from its hospitality segment compared to the previous year.
This growth comprised €0.7 million from its existing hotels, €0.6 million from its two new hotels, and €0.9 million from 1926 Gourmet, the company that operates Le GV, the Michelin-starred restaurant at 1926 Le Soleil.
The Le GV restaurant/ Photo: Le GV
In 2025, the Bortex Group expanded its 1926 collection of hotels by launching two new establishments in Valletta and Sliema.
1926 La Galerie, a new five-suite boutique hotel in Old Theatre Street, Valletta generated €147,153 during its first six months of operation. The hotel achieved an average occupancy of 84.86 per cent and an average daily rate (ADR) of €221.81.
1926 Les Bains, a luxury hotel in Sliema that offers suites with indoor pools and saunas, only opened in August but early results look positive.
It generated revenue of €397,181 from August to October, achieving a 71.07 per cent occupancy rate and a €221.11 ADR.
Meanwhile, 1926 Le Soleil (Sliema) generated a total revenue of €6.7 million, up from €0.6 million over the previous year. Average occupancy rose from 79.95 per cent to 88.11 per cent, while its ADR dipped slightly from €139.26 to €138.81.
1926 Le Parisot (Valletta) generated revenue of €434,810, slightly up from €411,305 the previous year. Occupancy rose from 83.80 per cent to 88.77 per cent, while ADR decreased from €216.96 to €213.07.
Bortex said its manufacturing, retail and property management segment also delivered a strong performance in financial year 2025, mainly driven by higher retail sales from existing stores, the relocation of the Valletta Bortex store to large premises, and the opening of a new Polo Ralph Lauren outlet in the capital.
While sales of retail, corporate and school wear all increased, private label sales experienced a slight decline.
Looking ahead, the Group plans to expand its international presence this year by opening two new stores in Poznań, Poland next year – a second Gagliardi store and the Group’s first ever Polo Ralph Lauren mono-brand store in the country.
This follows the 2025 expansion of its Gagliardi store in Warsaw to accommodate additional brands and enhance the overall customer experience.
Locally, Bortex plans to open six additional mono-brand stores within the new St George’s Mall, which will form part of the db Group’s ongoing project in St George’s Bay.
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