Shangri-La Asia (69) Q3 2026 earnings summary

Executive summary

• 9M 2026 consolidated net profit attributable to owners rose 46.65% YoY to Baht 302.12m; Q3 fell 21.77% YoY to Baht 68.13m, mainly as subsidiary losses increased with foreign-exchange losses on related-party loans.

Financial highlights

• Q3 consolidated revenue was Baht 503.14m vs Baht 467.16m YoY; operating profit was Baht 74.32m vs Baht 87.94m, and net profit was Baht 68.13m vs Baht 87.08m.

• 9M consolidated revenue was Baht 1,561.33m vs Baht 1,491.98m YoY; operating profit was Baht 334.75m vs Baht 235.09m, and net profit was Baht 302.12m vs Baht 206.01m.

• 9M consolidated profit before tax rose to Baht 387.83m from Baht 288.43m; management cited improved subsidiary results and lower associate losses, partly offset by higher tax expense.

Segment performance

• Q3 Bangkok hotel revenue increased to Baht 396.65m from Baht 320.15m; pre-tax profit rose to Baht 106.70m from Baht 63.15m.

• Q3 Chiang Mai hotel revenue declined to Baht 102.06m from Baht 107.24m and pre-tax profit to Baht 0.58m from Baht 4.79m; catering revenue lacked several major group and corporate events held a year earlier.

• 9M Bangkok hotel revenue rose to Baht 1,242.51m from Baht 1,189.92m; pre-tax profit increased to Baht 372.22m from Baht 367.73m.

• 9M Chiang Mai hotel revenue rose to Baht 301.56m from Baht 286.36m, with pre-tax profit improving to Baht 7.73m from a Baht 0.84m loss.