Meliá Hotels International (MEL) investor relations material

Executive summary

• Strong leisure travel demand and robust operational performance in main markets, especially Spain, Southern Europe, and the Caribbean, despite geopolitical uncertainty and security challenges in Mexico.

• Ceased operations in Cuba, resulting in a €79M impairment and classification as discontinued operations, significantly impacting reported net profit.

• Diversification, destination quality, and brand strength contributed to resilience and future growth.

Financial highlights

• Consolidated revenues for H1 2026 reached €1,047.4M, up 7.1% year-over-year excluding capital gains; EBITDA rose 2.5% to €244.8M, and EBIT increased 3.1% to €125.0M.

• Group net profit was €4.1M, but net profit attributable to the parent was -€7.5M due to Cuba impairments.

• Operating expenses increased 7.4% due to perimeter changes and higher lease expenses.

• RevPAR for H1 was €93.5 (+11.7%), and occupancy rose to 62.9% (+2.9pp).

• Net debt stood at €2,149.2M, down €51.7M from FY2025.

Outlook and guidance

• Strong booking momentum and supportive demand trends expected to drive a positive summer season, with double-digit growth in bookings.

• Full-year guidance reaffirmed: high single-digit RevPAR growth (constant currency), 200 bps operational margin improvement, and at least €565M EBITDA for 2026.

• Plan to sign at least 40 new hotels in 2026.