IZI Finance plc has announced that its offer of €30 million in unsecured bonds has been fully subscribed, leading the company to close the offer period earlier than originally planned.

In a company announcement issued on Monday, the firm confirmed that the €30 million 5.5 per cent unsecured bonds maturing in 2036, with a nominal value of €100 per bond and issued at par, attracted sufficient investor demand to fill the entire allocation.

As a result, the company exercised its right to close the offer period early, with subscriptions ending on 16th March (today). The results of the bond issue are expected to be announced through a further company announcement by no later than 25th March 2026.

The net proceeds from the bonds are expected to support the group’s next stage of growth, with a particular focus on international expansion. Around €4 million will be directed towards partially refinancing existing bank facilities, a move intended to optimise the group’s capital structure and improve financial flexibility.

The majority of the remaining funds, about €23 million, will be used to strengthen the group’s capacity to pursue and execute strategic opportunities in international markets, in line with its broader internationalisation plans. €2.5 million will be allocated to general corporate purposes, including working capital and operational needs.

Since its first listing in March 2022, IZI Finance plc, through its subsidiaries, has continued to strengthen the group’s financial position, reporting significant growth across its revenue-generating business units.

In its interim results for the six-month period between July and December 2025, the group reported turnover of €561 million, representing a 25 per cent increase year-on-year. Gaming revenues reached €53.9 million during the same period, up €8.6 million compared to the previous year, reflecting growth of 19 per cent.

Profitability also improved, with the group reporting EBITDA of €18 million, an increase of 35 per cent compared to the same period a year earlier. Based on current projections, the Group expects to surpass the €1 billion turnover milestone and exceed €100 million in gross gaming revenues for the first time during the 2026 financial year.

The group’s performance is supported by investments in innovation, digital transformation and operational efficiency across its core divisions, which include the National Lottery of Malta, the Dragonara Casino, and its iGaming operations.