Shangri-La Group Announces 2026 Interim Results

Shangri-La Asia Limited (HKSE stock code: 00069; SGX stock code: S07) today reported the financial results of the Company and its subsidiaries (“Group”), and associates for the six months ended 30 June 2026.

Financial Highlights

1. Consolidated revenue of the Group increased by 6.4% to USD1.12 billion
2. Consolidated earnings before interest, tax, depreciation, amortisation and non-operating items (“EBITDA”) increased by 15.1% to USD289.5 million
3. Consolidated EBITDA margin improved by 1.9 percentage points to 25.8%
4. Profit attributable to owners of the Company before non-operating items increased by 74.7% to USD88.9 million
5. Operating cash flow increased by 126.7% to USD135.8 million
6. Free cash flow increased by 199.2% to USD107.1 million
7. An interim dividend of HK 5 cents per ordinary share was declared

Shangri-La reported a solid first-half performance in 2026, supported by steady revenue growth, margin expansion and continued cash flow generation. The results reflect disciplined execution across the portfolio, early benefits from operating efficiency initiatives and resilient demand in the Group’s key markets, despite external uncertainties.

Ms Hui Kuok, Chairman and Group Chief Executive Officer of Shangri-La Group said, “We continued to make good progress in the first half, both operationally and strategically. We are strengthening our portfolio, building brand relevance and pursuing growth with financial discipline.”

During the period, the Group continued to advance its brand and portfolio strategy in line with its vision of becoming the best-loved hospitality group. In April 2026, Shangri-La Kunming opened, completing the second phase of the Group’s first dual-brand development following the opening of JEN Kunming by Shangri-La in April 2024.

The Group also continued to see encouraging market response to its newer properties and refreshed brand propositions, including The Silk Lakehouse, Shangri-La Hangzhou under Shangri-La Signatures, as well as Shangri-La Hongqiao Airport and Traders Hongqiao Airport, Shanghai. This positive reception from guests and prospective hotel management agreement partners has supported the Group’s asset-light growth strategy and contributed to new management opportunities.

In the first half of 2026, Shangri-La signed two new hotel management agreements under the refreshed Traders brand in China, further strengthening its presence in the domestic mass-market travel segment and supporting its medium-term growth ambitions.

The Group remained focused on financial discipline during the period. It began to see early benefits from operating efficiency initiatives implemented across the business and further improved its funding profile while reducing borrowing costs through successful Panda bond issuances in April and June 2026.

Ms Kuok added, “We remain focused on strengthening our brands, improving operating efficiency and maintaining prudent financial discipline. These priorities will continue to support the Group’s resilience and long-term growth.”

While the Group remains cautiously optimistic about the second half of 2026, it noted that ongoing conflicts in the Middle East and extreme weather conditions in China may continue to create near-term uncertainty and volatility. Nevertheless, the Group said that these factors do not alter its long-term strategic direction.

As at 30 June 2026, the Group maintained a healthy balance sheet, with cash and bank balances of USD2,727 million and total committed undrawn facilities of USD1,031 million.

For further details, please refer to the results announcement at https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0827/2026082700608.pdf.