[SINGAPORE] Hotel group Shangri-La Asia on Thursday (Aug 28) posted a net profit of US$57.9 million for the six months ended Jun 30, 2025, down 38.7 per cent from US$94.5 million a year earlier.
This translated to a basic earnings per share (EPS) of US$0.0163 for H1 2025, against a basic EPS of US$0.02661 for H1 2024.
Revenue climbed marginally by 0.7 per cent to US$1.06 billion, from US$1.05 billion previously. This was driven by higher revenue from the group’s investment properties, but offset partially by lower revenue from its hotel properties segment.
Contributions from investment properties rose 13.9 per cent year on year to US$68 million in H1 2025, from US$59.7 million. This was driven by continued improvements of the group’s investment properties in Mongolia and Sri Lanka, as well as increased contributions from the newly opened Shangri-La Centre in Fuzhou.
The lower contributions from hotel properties came amid revenue declines in mainland China and Singapore, but were offset partially by top-line growth in Hong Kong, Japan and France.
In H1 2025, Shangri-La Asia launched its luxury hotel brand, Shangri-La Signatures, to capture a more affluent customer segment.
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The group expects upcoming openings to strengthen its portfolio. These include Shangri-La Kunming in Q4 2025, as well as Traders and Shangri-La Hongqiao in H2 2025.
The board declared an interim dividend of HK$0.05 per ordinary share – unchanged from a year earlier – to be paid on Oct 10.
Shangri-La Asia noted that H1 2025 presented “continued market headwinds” that placed pressure on its revenue and earnings.
“As we navigate through market uncertainties, we continue to prioritise enhancing guest experiences, maintaining financial discipline and building new capabilities that position us for sustainable growth,” it added.
The counter ended Thursday 2.6 per cent or HK$0.13 lower at HK$4.86.
