All Round Entertainment Ind. Limited, owned by Luke Chetcuti, son of the late Hugo Chetcuti, has released its financial results for the year ended December 2024.
The company reported a pre-tax profit of €2.75 million, driven by a 17 per cent increase in sales and a 13 per cent reduction in administrative expenses. This resulted in a net profit of €2.11 million, up from €1.35 million in 2023. Total assets rose to €40.15 million, compared to €33.47 million at the end of 2023.
All Round Entertainment primarily generates revenue through leasing its investment properties to both third parties and related companies. By the end of 2024, the value of these investment properties reached €63.4 million.
In December 2024, the company acquired patents, trademarks, and other intellectual property rights from related parties H Operations Ltd and HH Operating Limited, for €1.46 million and €5.74 million respectively, signaling an expansion of its intellectual property portfolio.
Ownership of All Round Entertainment was fully held by Lifetime Limited.
However, in July 2025, as part of a group reorganisation, Lifetime Limited transferred its shares to HH Finance plc. Prior to this transfer, most properties previously under Lifetime Limited’s name were also reassigned. These properties serve as security for bong issue that raised €24 million.
Despite these changes, Lifetime Limited remains the ultimate parent company, with Luke Chetcuti continuing as the ultimate controlling party.
The company disclosed involvement in two legal proceedings with judgments issued during the year, which it plans to appeal, recognising a potential liability of €460,583.
Additionally, there are two pending court cases relating to damages and compensation claims for land use filed by third parties. These have not been quantified and were therefore excluded from the financial statements.
In 2024 it was reported that All Round Entertainment had backed out of buying a prime property in Sliema and consequently ordered to lose its €1 million deposit and pay an extra €200,000 in damages. The company had agreed to buy three buildings on Tower Road in March 2018 for €4.45 million from SMS Group Limited. They paid a €1.04 million deposit, which the contract said would go to the seller if the buyer failed to complete the purchase without a valid legal reason.
Luke Chetcuti, now at the helm of the family business, took over after the murder of his father, 52-year-old Hugo Chetcuti, who was fatally stabbed outside one of his Paceville establishments in July 2018.
