db Group Reports Record Year Of Growth As It Gears Up For International Expansion

The Group reported a record-breaking turnover of €88.7 million for the financial year 2024, reflecting a 25% increase.

Malta’s DB Group has reported its highest-ever turnover in 2024, with a record-breaking turnover of €88.7 million reflecting a 25% increase It also registered an impressive 21% rise in EBITDA to €36.8 million, with total assets amounting to €474 million.

The company has successfully diversified operations and is now embarking on an international expansion programme. The Group’s Chairman and Managing Director, Silvio Debono, emphasized the dual focus of strengthening local operations while exploring new avenues for a future abroad. The upcoming launch of the acclaimed AKI restaurant at London’s One Cavendish Square in 2025 is a significant international development. DB Group’s London-based global investment arm, SDH Capital, is also identifying new opportunities to expand its hospitality operations globally. The Group has expanded its Starbucks franchise across Malta and partnered with world-renowned brands like GROM and EL&N London.

The DB Group’s transformational year in FY24 has been marked by record-breaking financial performance, strategic international growth, and continued innovation. The Group remains focused on consolidating local market footprints, expanding internationally, and diversifying into new sectors, all underpinned by its commitment to excellence.

IZI Group reports record financial results, marking a year of exceptional growth

IZI Finance plc has announced the audited financial results of the group for the financial year 2024, highlighting a year of remarkable financial performance and strategic success across all its business activities.

The group, which is the principal land-based gaming operator in Malta operating the National Lottery and the Dragonara Casino among other activities, has achieved significant milestones, including a 23% increase in turnover.

IZI Group founder and group CEO Johann Schembri said he was very positive about the achievements of the past year and the future outlook of the group.

“FY2024 has been a landmark year for IZI Group. Our customer-centric strategy, coupled with an unwavering focus on innovation, has enabled us to deliver exceptional results. By closely adapting to local market trends and the needs of our diverse customer base, we have consistently added value across all gaming product verticals,” he said.

“We remain dedicated to our core values of innovation, responsibility, and sustainability, confident that this foundation will support further growth in the years to come. Our sights are now set on the international replication of our local success story setting out the next milestone we will be aspiring for.”

IZI Group is now planning to pursue and integrate international business development opportunities within its core strategy. 

Malta Company Announcements:

GO p.l.c

The Board of Directors further approved the payment of an interim dividend of €0.05 net of taxation per share.

The payment of this Net Dividend amounts to the total sum of €5.1 million. The interim dividend will be paid on Friday 30 August 2024 to all shareholders who appear on the shareholders’ register of Friday 16 August 2024.

Loqus Holdings p.l.c

The Board of Directors announces that it is scheduled to meet on the 28th October 2024 to consider and, if thought fit, approve the Company’s financial statements for the financial year ended 30th June 2024. 

Listing of Malta Government Stocks

Malta Government Stock issues:

• 2.8% Malta Government Stock 2030 (iii) r ISIN MT00000013962 and
• 3.25% Malta Government Stock 2034 (iv) r ISIN MT0000013996

were admitted to the Official List of the Malta Stock Exchange plc with effect from Friday 18th October 2024 and started trading on Monday, 21^st October 2024.

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