Shangri-La Group Releases 2025 Full Year Results

Shangri-La Asia Limited reported the financial results of the Company and its subsidiaries, and associates for the year ended 31 December 2025.

Financial Performance
- Revenue: USD 2.23 billion (+2.2% year-on-year)
- EBITDA: USD 520.9 million (+3.4%)
- Profit attributable to owners (before non-operating items): USD 122.8 million (+6.0%)
- Operating cash flow: USD 394 million (+0.3%)
- Free cash flow: USD 313 million (+14.8%)
- Dividend: HK 15 cents per share (≈ USD 70 million total payout)

Strategic Highlights
- Launch of Shangri-La Signatures with The Silk Lakehouse, Hangzhou, entering the ultra-luxury segment.
- Opened Shangri-La Hongqiao Airport and Traders Hongqiao Airport in Shanghai — their first airport properties, introducing a refreshed Traders brand for the upper midscale market.
- Secured new dual-brand hotel management agreements (HMAs) in Wuxi and expanded pipeline, reinforcing an asset-light growth strategy.

Leadership Commentary
- CEO Hui Kuok emphasized resilience from intra-Asia travel demand and disciplined cost management.
- Focus remains on quality of revenue, operating efficiency, and guest experience consistency.
- Financial discipline includes active treasury management, diversified funding, and maintaining borrowing costs below Fed funds rate.
- Acknowledged geopolitical volatility in the Middle East as a near-term risk to travel demand.

Balance Sheet Strength
- Cash and bank balances: USD 2.53 billion
- Undrawn committed facilities: USD 759 million