Business
Shareholder Update
DCI Advisors Ltd reported significant progress in 2025, marked by successful asset sales totaling over €45 million, with a cash component close to €33 million. These sales represent nearly 40% of the total realized transaction value since December 2016. The sale of its stake in Aristo Developers for €31.1 million included €12.8 million in residential land. A land sale at Apollo Heights was agreed for €7.5 million. Approximately €11 million, including €1.2 million in 2025, has been invested in the Kilada Country Club project since 2023, along with a further €1.9 million to repay a loan. Shareholder loans received totaled approximately €7.2 million, with outstanding loans at €4.9 million at the end of 2024. Total deleveraging in 2025 amounted to €4.4 million. The company's equity remained relatively stable at €108 million at the end of 2024. Disclaimer*
About this update from Dci Advisors Limited
[{"type":"text","content":"\n\nDCI Advisors Ltd\n(the \"Company\" or \"DCI\")\nShareholder Update\n25th September 2025\nCompany update\nThe Directors of your Company are proud to report significant progress in 2025 across the Company's complex portfolio. As a specialised Company holding a range of illiquid, largely undeveloped land assets in remote locations, the Company has faced a number of legacy challenges, which were inherited by the current Board. Over the past year, key asset sales have been completed with in some cases final steps pending, strategic restructuring is nearing finalisation, and the Company is now well-positioned for the future - bringing the return of capital to shareholders significantly closer.\n \nSuccessful Asset Sales Mark Milestones in our Realisation Strategy\nThe total transaction value agreed this year is more than €45 million - the highest annual result DCI has achieved since implementing its realisation strategy in December 2016. The cash element for these transactions adds up to close to €33 million. The remainder relates to payment in kind as part of the Aristo Developers sale. Up until the end of August these transactions resulted in a cash inflow of close to €11m of which €3.2m was paid on an escrow account. More details on this are discussed later in this update. This figure of over €45 million represents nearly 40% of the total realised transaction value since its realisation strategy was implemented. Since their appointment to the Board just over four years ago, the two executive directors have, including the sale of One&Only at Kea Island (OOKI), overseen €63.6 million in transactions. The majority of the €17.9 million in OOKI proceeds were used to repay a loan facility and outstanding liabilities. The 2025 transactions position DCI to make its first shareholder distribution since the Company's inception nearly 20 years ago - subject to the release of the final cash payments to the Company. Any such distribution will depend on the obligations regarding continued deleveraging, the settlement of outstanding tax liabilities, and the ongoing development at Kilada.\n \nAristo Developers Ltd\nThe Company announced in February 2025 the sale of its entire stake in Aristo Developers for €31.1 million, which also included selling DCI's remaining stake in the Venus Rock development land site. T...