Sunborn London Oyj: HALF YEAR REPORT FOR JANUARY - JUNE 2026
14.8.2026 12:00:21 EEST | Sunborn London Oyj | Half Year financial report
This is a summary of the 1 Jan - 30 Jun 2026 half year financial report. The complete report is attached to this release and is also available at www.sbih.group/bond-investors
| EUR thousand | 1 Jan - 30 Jun 2026 | 1 Jan - 30 Jun 2025 | 1 Jan - 31 Dec 2025 |
|
Rental income |
1 863 |
1 760 |
3 555 |
|
EBITDA |
1 722 |
1 642 |
3 290 |
|
Operating profit |
1 297 |
888 |
2 441 |
|
Investment property (Yacht hotel) |
29 277 |
29 763 |
29 668 |
|
Total Equity |
25 096 |
25 315 |
24 043 |
|
Borrowings |
22 525 |
23 470 |
23 122 |
Financial summary 1 January – 30 June 2026
Rental Income for the reporting period was 1.863 MEUR (1.760 MEUR). Rental income in EUR was slightly affected by exchange rate fluctuations. Operating costs were in line with the previous year.
During H1 2026, the company made a repayment of EUR 0.600 million, and the outstanding nominal value of bond on 30 June 2026 was EUR 22.525 million.
Book value of the yacht hotel as of 30 June 2026 approximates the fair value of the yacht hotel based on income approach using discounted cash flow analyses. The fair value of the Yacht hotel is 49.9 MEUR based on the latest valuation report dated 2025.
Notable events during and after the end of the reporting period
The maturity of Sunborn London Oyj senior secured bond is extended until 5 February 2027 and the Company is preparing for the refinancing of its bond during 2026.
Estimated future development
Management believes the property will continue successful operations and Sunborn London Oyj’s financial performance and debt service capacity to remain stable.
Sunborn London Oyj
Board of Directors
For additional information, please contact:
Hans Niemi, CEO, tel. +358 2 44 54 513, hans.niemi@sunborn.com
Distribution:
Nasdaq
www.sbih.group/bond-investors
Disclosure regulation
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Sunborn London Oyj in any jurisdiction.
About Sunborn London Oyj
Sunborn London is part of Sunborn International Group, based in Finland. Sunborn International is a pioneer in innovative floating accommodation concepts. With over decades of experience, Sunborn designs, develops, and operates unique floating hotels and yachts around the world, including destinations in London and Gibraltar. The company combines sustainability and modern quality, offering unforgettable experiences by the water. Sunborn is headquartered in Finland and is a leading player in its field in the international market.