​Shangri-La Group Releases 2025 Interim Results

Shangri-La Asia Limited has reported the financial results of the Company and its subsidiaries (“Group”), and associates for the six months ended 30 June 2025. Highlights of the report include:

• Consolidated revenue of the Group was USD1,056.1 million, an increase of 0.7% compared to USD1,049.1 million for the same period last year.

• Consolidated Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) was USD252 million, remaining flat compared to the same period last year.

• Consolidated EBITDA margin was 23.8%, a decrease of 0.3 percentage points compared to 24.1% for the same period last year.

• Profit attributable to owners of the Company before non-operating items was USD50.9 million, a decrease of 13.9% compared to USD59.1 million for the same period last year.

• Operating Cash Flow was USD60 million, remaining flat compared to the same period last year.

• Interim dividend of HK5 cents declared.

Commenting on the interim results, Shangri-La Group's Chairman and Chief Executive Officer, Hui Kuok, said, "Our performance shows our resilience despite the uncertainties in the global economy. Our solid and diversified asset base allows us to weather the challenges and our dynamic team across our core markets drove our business performance through innovation and operational efficiencies. In launching our latest brand Shangri-La Signatures in Hangzhou we demonstrate our strong belief in Chinese consumers and our focus on growing new customers.

We look forward to the launch of Shangri-La and Traders Hongqiao Airport in Shanghai. This is a strategic location in Shanghai at the transport hub linking Hongqiao airport, the high-speed rail terminal and the city’s subway network. Hongqiao is also a high-tech economic zone of Shanghai and very close to the National Exhibition and Convention Centre. These two hotels are our first airport hotels. Not only do they offer choice to those who seek competitive hotel rates as well as those who seek a more luxurious stay, but they allow us to drive investment and operating efficiencies. The two hotels combined will bring over 600 rooms to this location, which shows our commitment to expanding in key locations in China.”

Shangri-La Group's Chief Financial Officer, Chua Chee Wui, said, "Our proactive approach to debt management and strategic refinancing has reduced our Net Debt by USD224 million year-over-year despite facing temporary headwinds from adverse FX impacts in the first half of 2025. Our strong financial position provides ample resources to address upcoming refinancing needs over the next 24 months and position the Group for continued growth opportunities."

The Group continues its capital management efforts through effective treasury management, diversifying funding options by tapping the capital market in both SGD and RMB bonds. The SGD bond and Panda bond issuances in the second quarter of the year achieved record low coupon rates. As a result, we have reduced our gross interest rate to 3.98% from 4.45% last year, maintaining it below the Fed funds rate for the third consecutive year.

As of 30 June 2025, the Group continued to maintain a healthy balance sheet with cash and bank balances of USD2,669 million and total committed undrawn facilities of USD730 million..... Continue Reading here​

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