Super Hi International Holding (9658) Q4 2025 earnings summary

Executive summary

• Revenue grew 8.0% year-over-year to $840.8 million in 2025, with Q4 revenue up 10.2% to $230 million; guest visits increased 7.0% for the year and 3.8% in Q4.

• Net profit for 2025 was $36.3 million, up 69.6% from 2024; Q4 net profit was $4.5 million, reversing a prior year loss.

• Restaurant network expanded to 126 locations across 14 countries, with overseas memberships surpassing 8.5 million.

• Strategic focus included employee and customer benefits, digital transformation, and operational improvements.

• The Pomegranate Plan, new business formats, and product innovation contributed to revenue diversification and growth.

Financial highlights

• Full-year revenue reached $840.8 million, up 8.0% year-over-year; Q4 revenue was $230 million, up 10.2% year-over-year and 7.5% sequentially.

• Operating profit for 2025 was $37.4 million (margin 4.4%); Q4 operating profit was $13.0 million (margin 5.7%).

• Takeout/delivery revenue grew 68.1% for the year to $19 million and 94.3% in Q4; other business revenue rose 61.4% for the year and 109.3% in Q4.

• Q4 after-tax net profit was $4.47 million; capital reserve/cash and equivalents at year-end were $271.99 million.

• Restaurant level operating margin for 2025 was 8.7%, down from 10.1% in 2024.

Outlook and guidance

• 2026 strategy will shift from expansion to optimization, focusing on efficiency, employee/customer benefits, and prudent, bottom-up growth, especially in East Asia.

• Continued emphasis on digital transformation, localized product innovation, and empowering front-line teams.

• Expense ratio structure and supply chain efficiency expected to improve in 2026.