Juel Group delivered a landmark financial performance in 2025, with revenue climbing to almost €24 million, driven by the first full year of operations at Hyatt Centric Malta and a strong contribution from its property development business.

According to the company's latest Financial Analysis Summary, total revenue rose to €23.98 million during the year, up from €6.6 million in 2024. The increase was largely attributable to Hyatt Centric Malta, which generated €8.76 million in revenue during its first full year of trading after opening in November 2024, alongside €15.21 million from property development activities.

The hotel, located in Swieqi, features 170 rooms as well as a restaurant, spa and indoor and outdoor pool facilities. It operates under a 25-year franchise agreement with Hyatt International and is currently the only Hyatt Centric-branded hotel in Malta.

The group reported EBITDA of €6.45 million, compared with €1.89 million a year earlier, reflecting the significant expansion in both its hospitality and real estate operations. Total comprehensive income for the year amounted to €4.8 million.

Juel said the 2025 results also reflect its strategic decision to exit the rental property business and focus exclusively on hospitality and property development. During the year, investment properties were transferred to inventory and placed on the market for sale, while the Group continued progressing several residential developments.

Beyond Hyatt Centric Malta, Juel is active across a number of residential projects through its subsidiaries and also holds interests in ACMUS plc, a joint venture with The Ona plc focused on real estate development, and Gap Group Investments (II) Limited, the parent company of Gap Group plc.

Looking ahead, the group expects revenue to moderate to around €20 million in 2026 as property sales normalise following the strong 2025 performance. Hotel revenue, however, is forecast to increase to just over €9 million, reflecting continued growth in the hospitality business, while the company expects to dispose of most of its remaining residential inventory and acquire two new development sites earmarked for 37 residential units and underlying garages.

Juel forecasts ending 2026 with cash balances of approximately €5.7 million, while maintaining a stable equity base as it continues investing in both its hotel and property development operations.