Singha Estate Public Company Limited’s hospitality management arm S Hotels and Resorts Public Company Limited announced the results of its financial performance for Q2-2025, reporting a net profit increased over 100 percent to THB 24 million.
This landmark announcement marks the first time that the company has reported a positive net profit for the second quarter, since this quarter falls during the low season for the company’s key hotel assets in Thailand and the Maldives and coincides with the transition period into the peak travel season for its hotels in Fiji and the United Kingdom.
Furthermore, the first half of 2025 saw a net profit of THB 200 million, another all-time high; as a result, the Board of Directors Meeting approved the interim dividend payment of THB 0.015 per share with ex-dividend date set to 26 August 2025, record date on 27 August 2025, and expected payment date of 10 September 2025.
S Hotels and Resorts chief executive Michael Marshall stated that the company achieved revenue from its hospitality business and other related services for the second quarter of 2025 in total THB 2,401 million-at the same level as the previous year, although there were impacts from Thai Baht appreciation and hotel closure for renovation and rebranding in UK.
Performance in the second quarter
However, hotels in Thailand continued to deliver outstanding performance, with revenue increasing by 24 percent compared to the same period last year, particularly from SAii Laguna Phuket that achieved impressive results despite the low season.
During the second quarter of 2025, SAii Laguna Phuket reported Average Daily Rate (ADR) at THB 6,800 per night.
This increase of approximately 34 percent led to a significant improvement in Revenue per Available Room (RevPAR), which increased by more than double.
In addition, Mount Royal Hotel Edinburgh by The Unlimited Collection marked improvement since its first peak season following a brand enhancement, with RevPAR lifted around ten percent YoY.
Aligned with the company asset rotation strategy, during the second quarter, SHR successfully completed its divestment in a subsidiary of a joint venture of three hotels in the UK: Mercure Sheffield Parkway, Holiday Inn Darlington North, and Holiday Inn Dumfries with total sale proceeds of approximately GBP 12.5 million.
The proceeds are used to repay debt and provide dividends and capital returns to shareholders.
Furthermore, the company has successfully refinanced its loan facility in the United Kingdom, achieving an interest rate reduction of two to three percent a year.
This refinancing will help reduce financial burden, enhance competitiveness, and increase the company’s capacity for future investments.
Revenues during the period
For the first half of 2025, SHR reported revenue from its hospitality business and other related services in total THB 5,023 million, slightly lower than the previous year by approximately four percent.
Earnings before Interest Taxes Depreciation and Amortization reported at THB 1,324 million, reflecting an increase of approximately two percent YoY thanks to effective cost control.
Furthermore, with a downward trend in interest rates, and the company’s ability to refinance high-cost debt with lower-cost loans, interest expenses have decreased significantly compared to the same period last year,
The result is net profit for the first half of 2025 to nearly quadruple YoY, reaching THB 200 million, reflecting a strong growth momentum.
For the second half of the year, the company anticipates continued growth in performance, driven mainly by its properties in Thailand, which can further enhance room rates, and hotels in the Maldives, which will grow in line with the tourism sector.
Marshall declared: “In addition to continuous efficient management, the company enrolled four hotels in Thailand under the SAii Hotels & Resorts and Santiburi brands into the GHA DISCOVERY loyalty programme in July 2025, operating under the name SAii DISCOVERY. This programme is part of the Global Hotel Alliance (GHA), which has over 30 million members worldwide.”
He added that the 2024 performance reflects SHR’s commitment to stable and sustainable growth. We are pleased to reward our shareholders’ trust with this year’s dividend payment.
Marshall concluded by saying: “Looking ahead to 2025, we will continue to enhance our assets and elevate SAii Hotels & Resorts on the global stage, reinforcing our leadership in sustainable luxury tourism.”
