Hong Kong · Delayed Price · Currency is HKD The Hongkong and Shanghai Hotels Earnings Call Transcripts
Fiscal Year 2025
-
Returned to profitability with 11% revenue growth and 43% EBITDA increase, driven by strong hotel and commercial property performance. Vision 2035 targets operational excellence, selective expansion, and brand innovation amid evolving luxury hospitality trends.
-
Operational and financial results for H1 2025 exceeded expectations, with 13% revenue growth and a 63% increase in operating EBITDA (excluding London residence sales). The group remains cautiously optimistic for H2, despite geopolitical and market challenges.
Fiscal Year 2024
-
Revenue rose 27% to HKD 10.3B, driven by London residence sales, but a net loss of HKD 943M was reported due to depreciation, financing, and revaluation losses. Outlook is cautiously optimistic for 2025, with strong starts in Hong Kong and Japan and stabilization focus in Europe.
-
Revenue surged 89% to HKD 4.6B, driven by London residence sales, but high depreciation and interest from new hotels led to a net loss of HKD 448M. London and Istanbul are ramping up, while Hong Kong remains weak; liquidity and credit rating remain strong.