香格里拉(亚洲)(00069) - 2025 - 中期业绩

Financial Highlights The company reported unaudited H1 2025 interim results, with consolidated profit attributable to owners decreasing by 38.7% to US$57.9 million, and consolidated revenue slightly increasing by 0.7% - The Board declared an interim dividend of HK5 cents per ordinary share for 2025, consistent with 2024, to be paid on October 10, 2025[4] - Consolidated revenue increased by 0.7% to US$1,056.1 million, primarily driven by increased investment property income offsetting reduced hotel property income[6] - Attributable profit before interest, tax, depreciation, amortization, and non-operating items decreased by 3.1% to US$369.5 million, mainly due to a reduction in attributable revenue[6] - Total consolidated profit attributable to owners decreased by 38.7% to US$57.9 million, primarily due to a significant year-on-year reduction in net non-operating item gains, including lower fair value gains on investment properties and fair value losses on financial instruments[7] Key Financial Performance Summary for H1 2025 | Indicator | 2025 (million USD) | 2024 (million USD) | Change % | | :--- | :--- | :--- | :--- | | Consolidated Revenue | 1,056.1 | 1,049.1 | 0.7% | | Attributable Revenue | 1,262.5 | 1,272.1 | -0.8% | | Profit before interest, tax, depreciation, amortization, and non-operating items (Company and subsidiaries) | 251.5 | 252.3 | -0.3% | | Attributable profit before interest, tax, depreciation, amortization, and non-operating items | 369.5 | 381.5 | -3.1% | | Consolidated profit attributable to owners (operating items) | 50.9 | 59.1 | -13.9% | | Consolidated profit attributable to owners (non-operating items) | 7.0 | 35.4 | -80.2% | | Total consolidated profit attributable to owners | 57.9 | 94.5 | -38.7% | | Earnings per share (US cents per share) | 1.630 | 2.661 | -38.7% | Net Asset Value Summary | Indicator | June 30, 2025 (million USD) | December 31, 2024 (million USD) | Change % | | :--- | :--- | :--- | :--- | | Net assets attributable to owners of the company | 5,256.1 | 5,183.5 | 1.4% | | Net assets per share attributable to owners (USD) | 1.48 | 1.46 | 1.4% | Condensed Consolidated Interim Financial Statements This section presents the condensed consolidated interim financial statements for H1 2025, offering an overview of the Group's financial position, performance, and equity changes Condensed Consolidated Interim Statement of Financial Position As of June 30, 2025, total assets reached US$14.399 billion, growing 6.67% from year-end 2024, driven by increases in non-current assets and cash Condensed Consolidated Interim Statement of Financial Position (Summary) | Item | June 30, 2025 (thousand USD) | December 31, 2024 (thousand USD) | | :--- | :--- | :--- | | Assets | | | | Total non-current assets | 11,251,475 | 11,063,119 | | Total current assets | 3,147,700 | 2,435,340 | | Total Assets | 14,399,175 | 13,498,459 | | Equity | | | | Share capital and reserves attributable to owners of the company | 5,256,120 | 5,183,526 | | Non-controlling interests | 263,351 | 253,644 | | Total Equity | 5,519,471 | 5,437,170 | | Liabilities | | | | Total non-current liabilities | 6,952,713 | 6,366,699 | | Total current liabilities | 1,926,991 | 1,694,590 | | Total Liabilities | 8,879,704 | 8,061,289 | | Total Equity and Liabilities | 14,399,175 | 13,498,459 | Condensed Consolidated Interim Statement of Profit or Loss For H1 2025, consolidated revenue was US$1.056 billion, operating profit grew 19.0% to US$161.8 million, but profit for the period declined 40.9% to US$63.769 million Condensed Consolidated Interim Statement of Profit or Loss (Summary) | Indicator | 2025 (thousand USD) | 2024 (thousand USD) | Change % | | :--- | :--- | :--- | :--- | | Revenue | 1,056,063 | 1,049,113 | 0.7% | | Gross Profit | 589,820 | 581,498 | 1.4% | | Operating Profit | 161,769 | 135,980 | 19.0% | | Finance costs - net (interest expense) | (149,212) | (150,536) | 0.9% | | Finance costs - net (foreign exchange (loss)/gain) | (6,889) | 17,371 | N/A | | Share of profits from associates | 99,057 | 153,449 | -35.4% | | Profit for the period | 63,769 | 107,890 | -40.9% | | Profit attributable to owners of the company | 57,914 | 94,482 | -38.7% | | Basic earnings per share (US cents per share) | 1.630 | 2.661 | -38.7% | Condensed Consolidated Interim Statement of Comprehensive Income For H1 2025, profit for the period was US$63.769 million, with total comprehensive income significantly increasing to US$132.7 million due to positive currency translation differences - In H1 2025, currency translation differences (subsidiaries and associates) shifted from a loss in H1 2024 to a gain, significantly boosting total comprehensive income[11] Condensed Consolidated Interim Statement of Comprehensive Income (Summary) | Indicator | 2025 (thousand USD) | 2024 (thousand USD) | | :--- | :--- | :--- | | Profit for the period | 63,769 | 107,890 | | Other comprehensive income/(loss) | 68,929 | (93,147) | | Total comprehensive income for the period | 132,698 | 14,743 | | Total comprehensive income attributable to owners of the company | 118,917 | 9,733 | | Total comprehensive income attributable to non-controlling interests | 13,781 | 5,010 | Condensed Consolidated Interim Statement of Changes in Equity As of June 30, 2025, total equity attributable to owners increased to US$5.2561 billion, driven by profit and other comprehensive income, with share award scheme activities also impacting equity - As of June 30, 2025, total equity attributable to owners of the company was US$5,256,120 thousand, an increase from US$5,183,526 thousand as of January 1, 2025[12] - Total comprehensive income for the period was US$132,698 thousand, of which US$118,917 thousand was attributable to owners of the company[12] - Shares purchased for the share award scheme resulted in a US$5,607 thousand reduction in equity, while shares vested under the scheme had no net impact[12] Notes to the Condensed Consolidated Interim Financial Statements This section provides detailed notes to the condensed consolidated interim financial statements, offering comprehensive context and explanations for the Group's financial data General Information Shangri-La Asia Limited primarily develops, owns, and operates hotel and investment properties, provides hotel management services, and is listed on the HKEX and SGX - The Group's principal activities include the development, ownership, and operation of hotel properties, hotel management services, and the development, ownership, and operation of investment properties and properties for sale[14] - The company is primarily listed on the Main Board of the Hong Kong Stock Exchange and secondarily listed on the Singapore Exchange[15] [Basis of Preparation and Significant Accounting Policies](index=10&type=section&id=Basis%2