Hotel Shilla (008770) Q1 2026 earnings summary

Executive summary

• Revenue grew 8.4% year-over-year in 1Q 2026, reaching 1,053.5bn KRW, with operating profit turning positive at 20.4bn KRW after a loss in the prior year.

• Both travel retail and hotel & leisure segments contributed to the turnaround, with significant profit recovery.

Financial highlights

• Consolidated revenue: 1,053.5bn KRW, up 8.4% YoY; operating profit: 20.4bn KRW, compared to a loss of -2.5bn KRW in 1Q25.

• Travel retail revenue: 884.6bn KRW (+7.0% YoY); operating profit: 12.2bn KRW (turned positive YoY).

• Hotel & leisure revenue: 168.9bn KRW (+16.7% YoY); operating profit: 8.2bn KRW (+228.0% YoY).

• EBITDA margin improved to 5.1% in 1Q26 from 3.8% in 2025.

Outlook and guidance

• Travel retail segment will focus on profitability recovery amid changing market conditions.

• Hotel & leisure segment aims to maintain strong performance by flexibly responding to customer demand.