Hotel Grand Central (H18) H1 2026 earnings summary

Executive summary

• H1 revenue rose to $74.734m from $68.821m, while profit after tax increased to $11.200m from $3.429m, supported by stronger hotel revenue and a $3.492m foreign exchange gain.

• Total comprehensive income was $30.317m, including $7.912m fair value gains on equity investments and $11.205m foreign currency translation gains.

Financial highlights

• Hotel revenue was $69.198m versus $63.149m; rental income was $5.536m versus $5.672m.

• Operating profit increased to $8.547m from $6.099m; profit before tax was $14.831m versus $7.133m.

• Net profit after tax was $11.200m versus $3.429m; EPS was 1.51 cents versus 0.46 cents.

• Operating cash flow was $18.971m versus $19.443m; cash and cash equivalents at period-end were $262.041m versus $226.010m.

Outlook and guidance

• For H2 2026, focus is on improving hotel operating revenue and reviewing operating costs.

• No dividend was declared or recommended for the current period; cash is being conserved for future investments and working capital.