Super Hi International Holding Ltd.(HDL) - 2024 Q3 - Quarterly Report

Financial Performance - Revenue for Q3 2024 was US$198.6 million, reflecting a 14.6$173.3 million in Q3 2023[6] - Income from operations was US$14.9 million, a 52.0$9.8 million in the same period last year, with an operating margin of 7.5% compared to 5.7% in Q3 2023[10] - Profit for the period was US$37.7 million, compared to a loss of US$1.4 million in Q3 2023, driven by increased revenue and operational efficiency[11] - Revenue from Haidilao restaurant operations was US$190.9 million, a 14.5$166.7 million in Q3 2023[11] - Profit before tax surged to USD 41,220,000 compared to USD 358,000 in the same period last year, marking a significant improvement[22] - Total comprehensive income for the period was USD 24,070,000, compared to USD 1,617,000 in Q3 2023, reflecting a strong turnaround[22] - Basic and diluted earnings per share improved to USD 0.06 from a loss of USD 0.00 in the previous year[22] Operational Metrics - Total guest visits reached over 7.4 million, up 4.2% from 7.1 million in Q3 2023[6] - Same-store sales growth was 5.6%[6] - The total number of Haidilao restaurants as of September 30, 2024, was 121, with a net increase of 6 since December 31, 2023[6] - Average spending per guest increased to US$25.8, up from US$23.7 in the same period of 2023[14] Cost and Expenses - Raw materials and consumables used were US$65.5 million, a 9.9$59.6 million in Q3 2023, but as a percentage of revenue, it decreased to 33.0%[8] - Staff costs were US$65.8 million, a 15.2$57.1 million in Q3 2023, accounting for 33.1% of revenue[9] Cash Flow and Liquidity - Net cash from operating activities rose to USD 40,699,000, a 104.0% increase from USD 19,911,000 in Q3 2023[25] - Current assets increased to USD 310,559,000, up from USD 218,962,000 at the end of 2023, indicating improved liquidity[23] - Net current assets rose significantly to USD 183,513,000 from USD 90,391,000, showcasing enhanced financial health[23] - Cash and cash equivalents at the end of the period reached USD 215,162,000, a substantial increase from USD 75,271,000 in Q3 2023[25] Equity and Liabilities - The company reported a total equity of USD 360,907,000, up from USD 272,121,000 at the end of 2023, reflecting strong growth in shareholder value[24] - Non-current liabilities increased to USD 178,481,000, up from USD 176,191,000, primarily due to higher deferred tax liabilities[24]