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Millennium & Copthorne Hotels New Zealand (MCK) investor relations material
Millennium & Copthorne Hotels New Zealand H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a 5-year high in total revenue, driven by strong hotel momentum and strategic execution of the Revive to Thrive strategy.
Celebrated 40 years of continuous operations in New Zealand and 30 years of the MHR brand.
Positioned to capitalize on the rebound in tourism and property sectors.
Financial highlights
Total revenue reached $186.7m, up 6.0% year-over-year, the highest in five years.
NZ hotel revenue grew 19.5% to $130.9m, with average occupancy up 3% to 70%.
Group profit before tax declined 29.8% to $33.0m, and EPS fell 25.6% to 12.78c.
Dividend maintained at 3c per share.
Book value of property assets at $752.2m; market value estimated at $1.1b.
Outlook and guidance
Expect continued global and domestic economic recovery to drive hotel demand in 2026.
Priorities include increasing room utilization, ongoing refurbishments, growing loyalty program, and advancing development pipeline.
Property market recovery anticipated to be gradual but optimistic.
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