S Hotels and Resorts Achieving Record-Breaking Net Profit in Q2 for the First Time, Delivering 1H25 New All-Time High Result. Ready to Announce First-Ever Interim Dividend of THB 0.015 per Share.

Bangkok, Thailand – S Hotels and Resorts Public Company Limited (SET: SHR), a leading international hotel and resort management company under Singha Estate Public Company Limited (SET: S) announced the financial performance for 2025’s second quarter of 2025, reporting a net profit increased over 100% to THB 24 million.

This landmark announcement marks the first time that the company has reported a positive net profit for the second quarter, since this quarter falls during the low season for the company’s key hotel assets in Thailand and the Maldives and coincides with the transition period into the peak travel season for its hotels in Fiji and the United Kingdom. Furthermore, the first half of 2025 saw a net profit of THB 200 million, another all-time high. As a result, the Board of Directors Meeting approved the interim dividend payment of THB 0.015 per share with Ex-Dividend Date 26 August 2025, The Record Date 27 August 2025 and expected Payment Date of 10 September 2025.

Mr. Michael Marshall, Chief Executive Officer, stated that the company achieved revenue from its hospitality business and other related services for the second quarter of 2025 in total THB 2,401 million-at the same level as the previous year, although there were impacts from Thai Baht appreciation and hotel closure for renovation and rebranding in UK. However, hotels in Thailand continued to deliver outstanding performance, with revenue increasing by 24% compared to the same period last year, particularly from SAii Laguna Phuket that achieved impressive results despite the low season. During the second quarter of 2025, SAii Laguna Phuket reported Average Daily Rate (ADR) at THB 6,800 per night. This increase of approximately 34% led to a significant improvement in Revenue per Available Room (RevPAR), which increased by more than double. In addition, Mount Royal Hotel Edinburgh by The Unlimited Collection marked improvement since its first peak season following a brand enhancement, with RevPAR lifted around 10% YoY.

Aligned with the company asset rotation strategy, during the second quarter, SHR successfully completed its divestment in a subsidiary of a joint venture of 3 hotels in the UK which are Mercure Sheffield Parkway, Holiday Inn Darlington North and Holiday Inn Dumfries, total sale proceeds approximately GBP 12.5 million. The proceeds are used to repay debt and provide dividends and capital returns to shareholders.

Furthermore, the company has successfully refinanced its loan facility in the United Kingdom, achieving an interest rate reduction of up to 2-3% per year. This refinancing will help reduce financial burden, enhance competitiveness, and increase the company’s capacity for future investments.

For the first half performances of 2025, SHR reported revenue from hospitality business and other related services in total THB 5,023 million slightly lower than the previous year approximately 4%. Earnings before Interest Taxes Depreciation and Amortization reported at THB 1,324 million – an increase of approximately 2% YoY thanks to effective cost control. Furthermore, with a downward trend in interest rates, and the company’s ability to refinance high-cost debt with lower-cost loans, interest expenses have decreased significantly compared to the same period last year, The result is net profit for the first half of 2025 to nearly quadruple YoY, reaching THB 200 million, reflecting a strong growth momentum.

For the second half of the year, the company anticipates continued growth in performance, driven mainly by its properties in Thailand, which can further enhance room rates, and hotels in the Maldives, which will grow in line with the tourism sector.

“In addition to continuous efficient management, the company enrolled four hotels in Thailand under the SAii Hotels & Resorts and Santiburi brands into the GHA DISCOVERY loyalty programme in July 2025, operating under the name SAii DISCOVERY. This programme is part of the Global Hotel Alliance (GHA), which has over 30 million members worldwide.

“The 2024 performance reflects SHR’s commitment to stable and sustainable growth. We are pleased to reward our shareholders’ trust with this year’s dividend payment. Looking ahead to 2025, we will continue to enhance our assets and elevate SAii Hotels & Resorts on the global stage, reinforcing our leadership in sustainable luxury tourism,” Mr. Marshall concluded.

About S Hotels and Resorts Public Company Limited

S Hotels and Resorts Public Company Limited, the hospitality arm of Singha Estate Public Company Limited, is a fast-growing, Thai-inspired company with an extensive international portfolio and world-class standards. Specialising in the management and investment of high-quality hotels and resorts in desirable destinations across the globe, S Hotels & Resorts has created a collection of its own distinctive lifestyle brands, whilst also partnering with the hospitality industry’s leading names. The company aims to set new standards for leisure and lifestyle through diversified business platforms and to enhance value for all its stakeholders based upon a philosophy of sustainable development and delivering benefits to local communities. To learn more, please visit www.shotelsresorts.com or follow us on Facebook, Instagram, Youtube, or LinkedIn. 

About Singha Estate:

Singha Estate PLC. (SET: S) is an international real estate developer and investment company. Singha Estate builds
a well-balanced, sustainable business growth by diversifying its portfolio across residential, commercial, hospitality, and industrial estate and infrastructure projects. Through strong partnerships in Thailand and abroad, the company enriches people’s lives and ensures environmentally and socially responsible business operations with a vision of the “Entrusted and Value Enricher” to drive sustainable growth and deliver value to all stakeholders.

For more information, visit https://investor.singhaestate.co.th/en/home.

For more information and high-resolution images, contact:

Lalita Somboonsuk (Ta)

Corporate Marketing Communications Manager

S Hotels & Resorts | Singha Estate PCL

Tel: +66 (0) 2058-9888 ext. 320

E-mail: lalita.s@shotelsresorts.com

Website: www.shotelsresorts.com