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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Sunborn International
Sunborn International (SBI) investor relations material
Sunborn International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Completed a transformative share exchange in April 2025, making yacht hotels in London and Gibraltar core assets.
Listed on Nasdaq First North in April 2025, strengthening equity and balance sheet.
Net sales for May–December 2025 reached EUR 19.1 million, with EBITDA at EUR 6.3 million (33% margin).
Operational performance remained resilient despite cost pressures and macroeconomic uncertainty.
Financial highlights
H2 2025 net sales: EUR 14.1 million (vs. EUR 0.16 million in H2 2024); full period net sales: EUR 19.1 million.
EBITDA for May–December 2025: EUR 6.3 million (vs. EUR -0.56 million prior year).
Adjusted EBITA (excluding goodwill amortization): EUR 4.6 million.
Result for the period: EUR -4.0 million, impacted by non-cash goodwill amortization and EUR 1.9 million unrealized FX loss.
Equity ratio improved to 45.8%; net gearing at 71.4%.
Outlook and guidance
Stable operational footing in London and Gibraltar expected for 2026.
Revenue and EBITDA growth targeted, with ongoing renovations and new project development.
London: Q1 2026 occupancy pacing at 75%, with strong event pipeline for the year.
Gibraltar: January 2026 up 12% YoY, but corporate demand moderated by gaming tax changes.
Targeting EUR 70 million revenue and EUR 28–30 million EBITDA by 2028, subject to project timelines.
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Next Sunborn International earnings date
Q1 202630 Apr, 2026
Sunborn International
Next Sunborn International earnings date
Q1 202630 Apr, 2026
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