SUPER HI Posts 12.1% Revenue Growth in H1 2026; Operating Margin Rises to 5.0% Amid FX-Driven Profit Squeeze

SUPER HI INTERNATIONAL HOLDING LTD. announced unaudited interim results for the six months ended 30 June 2026. Group revenue rose 12.1% year on year to US$444.75 million, driven mainly by its core Haidilao restaurant operations.

Income from operations nearly doubled to US$22.05 million, lifting the operating margin to 5.0% from 3.0% a year earlier. However, a net foreign-exchange loss of US$8.63 million—versus a US$23.76 million gain in the prior-year period—compressed bottom-line performance. Profit before tax fell 66.0% to US$11.78 million, and net profit dropped to US$2.12 million from US$28.27 million.

SEGMENT PERFORMANCE • Haidilao restaurants contributed US$402.00 million in revenue, up 6.5% year on year, accounting for 90.4% of total turnover. • Delivery revenue surged 92.2% to US$14.82 million. • “Others” revenue—including hot-pot condiments, secondary brands and retail products—grew 143.5% to US$27.93 million.

OPERATING METRICS • Restaurant network expanded by three outlets to 129 locations across 14 countries. • Total guest visits increased 4.5% to 16.2 million. • Overall average table turnover held steady at 3.9 times per day; average spending per guest rose to US$24.80 from US$24.20. • Restaurant-level operating margin improved to 10.7%, up 4.3 percentage points. • Same-store sales advanced 1.7%, with the average same-store turnover rate inching up to 4.0 times per day.

EXPENSE TRENDS Raw materials and consumables rose 12.3% to US$151.31 million, stable at 34.0% of revenue. Staff costs increased 8.1% to US$151.64 million but eased to 34.1% of revenue (H1 2025: 35.3%). Depreciation and amortisation grew 5.0% to US$41.69 million, while other expenses expanded 12.8% to US$45.94 million, reflecting higher marketing and outsourcing costs.

BALANCE SHEET AND CASH FLOW SUPER HI ended June 2026 with US$266.40 million in bank balances and cash, including US$118.70 million in time deposits. The group reported net current assets of US$204.58 million and remained debt-free. Capital expenditure reached US$35.60 million, mainly for new restaurant openings and refurbishments. Inventory days edged down to 43.0 from 43.9.

OUTLOOK AND STRATEGIC PRIORITIES Management reiterated its focus on enhancing existing restaurant performance, disciplined global expansion, digitalisation, and the continuation of its multi-brand “Pomegranate Plan.” No interim dividend was declared for the period.

The interim report will be available on the websites of the Hong Kong Stock Exchange and the company.