Super Hi International Holding (9658) investor relations material

Executive summary

• Total revenue for Q1 2026 reached USD 226 million, up 14.2% year-over-year, driven by improved operational performance and network expansion.

• Operating profit rose 70.7% year-over-year to USD 14.0 million, with margin improving to 6.2%.

• Net profit was USD 4.0 million, impacted by a USD 11.7 million net foreign exchange loss.

• Customer traffic exceeded 8.1 million visits, with same-store sales up 4% year-over-year.

• Membership base reached 9.05 million, with 92.5% of table turns from members.

Financial highlights

• Haidilao restaurant revenue was USD 204.2 million, 90.4% of total, up 8.4% year-over-year.

• Delivery business revenue rose 82.5% to USD 7.3 million; other businesses grew 166.7% to USD 14.4 million.

• Gross margin was 66.1%, up 0.1 percentage point year-over-year.

• Employee costs were USD 76.7 million (34% of revenue), down as a percentage year-over-year.

• Operating cash flow was USD 24.24 million, up 23.1% year-over-year.

Outlook and guidance

• Store expansion will balance stability and quality, with a double-digit pipeline of reserved stores.

• Management expects continued stable performance and resilience, focusing on customer experience and operational efficiency.

• Gross margin impact from rising oil and raw material costs is considered controllable due to supply chain flexibility.

• Strategic advancement of the "Pomegranate Plan" with 10 brands and 18 restaurants in operation.