Arena Hospitality Group (ARNT) Q3 2025 earnings summary

Executive summary

• Consolidated revenue reached a record EUR 128.7 million for the first nine months of 2025, up 2.6% year-over-year, driven by strong RevPAR growth and sustained demand across city and leisure properties.

• Group EBITDA increased 4.1% to EUR 41.0 million, supported by strong summer performance in Croatia and continued CEE growth, with strict cost discipline across all regions.

• Recent property upgrades and investments enhanced guest satisfaction and performance, with newly developed and renovated properties expected to drive future growth.

• The Group maintains a robust liquidity position with EUR 46.5 million in cash and short-term deposits as of 30 September 2025.

• A new share buyback programme was launched in September 2025 to enhance shareholder value and share liquidity.

Financial highlights

• Total consolidated revenue: EUR 128.7 million (+2.6% YoY); accommodation revenue: EUR 108.1 million (+3.0% YoY).

• EBITDA: EUR 41.0 million (+4.1% YoY); profit before tax: EUR 26.2 million (+31.7% YoY).

• Occupancy: 52.7% (+296 bps YoY); average daily rate: EUR 114.8 (+2.3% YoY); RevPAR: EUR 60.5 (+8.4% YoY).

• EPS: EUR 4.16 (vs. EUR 3.05 in 2024).

• Cash and short-term deposits: EUR 46.5 million.

Outlook and guidance

• Trading post-September 2025 is in line with expectations across all regions.

• Q4 is expected to be strong in Germany and Hungary, while Croatian leisure operations enter maintenance after peak season.

• Positive outlook for European tourism resilience; focus remains on liquidity preservation and portfolio enhancement.

• Actively evaluating high-growth opportunities in Croatia and CEE markets.