SD Holdings Limited, the holding company of db Group, reported a post-tax profit of €17.4 million for the financial year ending 31st March, marking a decrease of more than €1.2 million compared with the previous financial year.

Despite the decline in net profit, the group's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose significantly, increasing by 86 per cent year-on-year to €66.7 million.

Total revenue reached €111.3 million, representing a 12 per cent increase over the previous financial year.

The hospitality division which includes Seabank Hotel, db San Antonio and Xemxija Bay Hotel also continued to perform strongly, with hotel occupancy reaching 87 per cent, slightly higher than in 2025 and exceeding pre-pandemic levels.

Meanwhile, the food and beverage division experienced better turnover reaching €44.2 million. The group represents Hard Rock and Starbucks in Malta and operates a number of establishments such as Loa, Amami and Aki.

The group's total assets were valued at €750 million, while cash reserves stood at €98.5 million at the end of the reporting period.

The financial results were published as the group's controversial St George's Bay project approaches completion. The project has been the subject of a long-running campaign by activists, residents and local councils since it was announced. It was initially approved at a special meeting of the Planning Board held at Ħamrun’s Liceo amid heavy police presence.

Several retail outlets have already opened within the shopping mall, while the Hard Rock Café welcomed its first customers earlier this month.

In order to support the ongoing projects, the group launched a new €60 million unsecured bond issuance programme which is due in February 2031 with these bonds having an interest of 5.2 per cent.

According to the company's financial statements, published earlier this week, SD Holdings also declared a net dividend of €4.8 million. The owners of SD Holdings are group founder Silvio Debono and his family.