Shangri-La Asia reports lower net profit by 38.7% YoY in H1 2025
Shangri-La Asia reported a 38.7% decline in net profit for H1 2025, totaling $74.31 million, down from $121.29 million a year prior. Despite a 0.7% increase in consolidated revenue to $1.36 billion, lower contributions from hotel properties in Singapore and mainland China impacted profits. Singapore's hotel occupancy rose to 77%, but revenue per available room fell by 4%. The group declared an interim dividend of 5 Hong Kong cents per share, payable on 10 October 2025.
The decline was mainly driven by lower revenue in Singapore and mainland China.
Shangri-La Asia has reported a net profit of $74.31m (US$57.9 million) for the first half of 2025, down 38.7% from $121.29m (US$94.5m) recorded during the same period a year ago.
The group’s consolidated revenue increased by 0.7% year-on-year (YoY) to $1.36b (US$1.06b) in H1 2025. According to its bourse filing, this was driven by higher revenue from the group’s investment properties, but offset partially by lower revenue from its hotel properties segment on a YoY basis.
The group said 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, compared with the same period in 2024.
For its Singapore operations, occupancy was 77% for H1 2025, an increase of 1 percentage point compared to the 76% occupancy recorded for the same period in 2024.
Revenue per available room (RevPAR) was $246 (US$192) for the six months ended 30 June 2025, a decrease of 4% YoY.
The group said that their hotels in Singapore faced intensified competition with market supply continuing to increase. Total revenue from Singapore hotel properties for the H1 2025 also decreased by 5.7%.
The group has declared an interim dividend of 5 Hong Kong cents per ordinary share for 2025, payable on 10 October 2025 with a record date of 29 September.
$1 = US$0.78
