Super Hi International Holding (9658) Q1 2025 earnings summary

Executive summary

• Achieved 5.4% year-over-year revenue growth in Q1 2025, reaching $197.8 million, driven by network expansion and increased guest visits.

• Net profit rose to $11.9 million, up 45% from $8.2 million in Q1 2024, reversing a prior-year loss mainly due to reduced foreign exchange losses.

• Total guest visits increased 6.8% year-over-year to 7.8 million, with a same-store table turnover rate of 4.0 times per day.

• Opened 4 new restaurants and closed 3 underperforming ones, ending with 123 locations across 14 countries.

• Focused on customer-centric initiatives, rational pricing, and workforce cohesion to drive long-term loyalty.

Financial highlights

• Haidilao restaurant operations revenue grew 4.5% year-over-year to $188.4 million.

• Delivery business revenue surged 37.9% year-over-year to $4.0 million; other income up 22.7% to $5.4 million.

• Operating income reached $12.4 million, with an operating margin of 4.1%, down from 6.6% year-over-year.

• Cash and cash equivalents at quarter-end were $204.9 million.

• Net cash from operating activities was $19.7 million, while net cash used in investing and financing activities totaled $70.4 million.

Outlook and guidance

• Focus on product innovation, brand marketing, and enhancing restaurant design and operational excellence.

• Continued expansion of restaurant network, especially in Southeast Asia and North America.

• Will diversify offerings and expand market share through the "Pomegranate Plan."

• Emphasis on enhancing customer value perception and loyalty.