Hudson Malta plc, part of the Malta-based segment of international brand Hudson Holdings Limited, is projecting a 4.9 per cent increase in revenue, despite no major changes planned for its retail outlet network.

Hudson Group is involved in the retail and distribution of sportswear and fashionwear in Malta and internationally, primarily in Italy, Cyprus, Morocco, Algeria and Nigeria. It represents a number of international brands locally, including NIKE, Intersport, Ted Baker, Converse, Crocs, Kiabi and Mango, among others.

Retail sales are expected to increase to €53.83 million, an increase of 8.5 per cent from 2024's €49.62 million.

While the company expects stable performance in its core operations, wholesale and other income is forecast to decline slightly, falling by €1.07 million to €13.45 million from €14.52 million.

According to the company's financial analysis summary, cost of sales is also set to rise, albeit more modestly than in previous periods, increasing by 3.2 per cent from €42.44 million to €43.8 million. As a result, gross profit is projected to grow from €21.7 million to €23.48 million – an 8.2 per cent increase.

Operating costs, however, are forecast to rise significantly, climbing 10.5 per cent from €13.51 million to €14.93 million.

Despite these rising costs, Hudson Malta expects profit after tax to reach €0.75 million in 2025, marking a significant 38.9 per cent increase compared to €0.54 million in 2024.

Two years ago, the group opened 29 retail stores across six countries, mainly in Morocco and Malta, as it continued its retail expansion programme. As at the end of 2023, it had 93 stores in six countries, including six new outlets in St Julian’s Mercury Towers.