Central Business Centres reports €660,865 first-half profit and sets terms for €16.75 million bond tranche

Revenue and operating profit increase

Central Business Centres plc reported first-half revenue of €1.61 million, up from €1.42 million in the corresponding period of 2025.

Operating profit rose to approximately €1.30 million, from €1.20 million, despite administrative expenses increasing to €305,787.

The Company also recognised a €2.59 million fair-value gain on investment property, which contributed significantly to the period’s result.

Finance costs increased to €966,224 from €820,763, while finance income amounted to €21,983. Profit before tax reached €3.03 million, compared with €393,802 a year earlier.

After a tax charge of €2.37 million, profit after tax stood at €660,865, up from €365,254. Earnings per share increased to 2.64 cents, from 1.46 cents.

Final terms published for second bond tranche

Separately, Central Business Centres has published the final terms for the second tranche of its €30 million bond issuance programme.

The new tranche consists of up to €16.75 million in 5.9% unsecured callable bonds, redeemable between 2031 and 2036.

The programme was established under a base prospectus dated 23 October 2025. Its first tranche, issued in 2025, comprised €13.25 million in 5.7% bonds callable between 2030 and 2035.

Exchange option for existing bondholders

Holders of the Company’s existing 2017 bonds who appear on the register as at 3 September 2026 may exchange their securities for an equivalent nominal amount of the new bonds, subject to the terms of the offer.

The final trading date for the existing bonds was set for 1 September, after which trading will be suspended while the exchange process is carried out.

If the second tranche is fully subscribed, it will bring the total amount issued under the programme to the planned €30 million.

Disclaimer: Interim reports may reflect only the issuing company and may not include the financial performance of its group companies.