Arena Hospitality Group (ARNT) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw stable performance with total revenue of EUR 15.4 million, matching the prior year, despite later Easter holidays impacting Croatian leisure operations.

• City hotels and winter resort in Austria drove business, with investments in property upgrades supporting improved guest value and performance.

• Liquidity remains strong with EUR 24.3 million in cash and short-term deposits as of March 31, 2025.

Financial highlights

• Total consolidated revenue: EUR 15.4 million (flat year-over-year); RevPAR up 15.1% to EUR 60.4.

• Group EBITDA loss improved to EUR 4.7 million from EUR 4.8 million year-over-year.

• Net loss after tax: EUR 10.4 million, improved from EUR 11.9 million loss in Q1 2024.

• Cash and short-term deposits: EUR 24.3 million at quarter-end.

Outlook and guidance

• Trading post-Q1 is in line with expectations; Croatian properties to reopen for summer, with upgraded campsites targeting higher returns.

• Germany expected to see further occupancy growth due to increased travel and events; CEE focus on summer reopening and operational performance.

• Continued investment in portfolio upgrades and exploration of new growth opportunities in Croatia and CEE.