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Millennium & Copthorne Hotels New Zealand (MCK) investor relations material
Millennium & Copthorne Hotels New Zealand H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic execution and the Revive and Thrive strategy supported resilience amid economic headwinds, focusing on long-term property improvement and tourism sector recovery.
Returned to profitability with net profit of $8.5m for the six months ended 30 June 2025, compared to a $10.2m loss in the same period last year.
Revenue declined 7.1% year-over-year to $79.3m, mainly due to lower residential land development sales.
Basic and diluted EPS improved to 4.20c from -7.42c year-over-year; excluding a one-off deferred tax adjustment, EPS was 7.94c.
Financial highlights
Total revenue for HY25 was $79.3m, down 7.1% from $85.3m in HY24; NZ hotel revenue rose to $64.1m.
Profit before tax fell 47.3% year-over-year to $11.3m; operating profit decreased 39.6% to $12.0m.
Gross profit fell to $42.7m from $46.8m year-over-year, with gross margin at 53.8%.
Book value increased to $787.3m from $762.3m at FY24.
Total comprehensive income for the period was $6.2m, up from a loss of $9.3m year-over-year.
Outlook and guidance
Economic recovery is expected to drive demand, though timing and pace remain uncertain; regional demand varies.
Priorities include increasing room capacity, ongoing refurbishments, and optimising residential section sales.
Continued investment in upgrades and loyalty program growth are planned.
No explicit forward guidance provided, but focus remains on hotel operations and property development.
- TimeTickerHeadlineOpen
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Next Millennium & Copthorne Hotels New Zealand earnings date
Next Millennium & Copthorne Hotels New Zealand earnings date
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