Hotel Shilla (008770) Q4 2025 earnings summary

Executive summary

• Revenue for 4Q 2025 rose 10.3% year-over-year to 1,045.4bn KRW, with operating losses narrowing to -4.1bn KRW from a larger loss in the prior year.

• Travel Retail and Hotel & Leisure segments both contributed to revenue growth, with improved profitability in Hotel & Leisure.

Financial highlights

• 4Q 2025 revenue: 1,045.4bn KRW, up 10.3% YoY; operating profit: -4.1bn KRW, a narrowed loss margin.

• Travel Retail revenue increased 10.5% YoY to 854.9bn KRW; Hotel & Leisure revenue up 9.3% YoY to 190.5bn KRW.

• Hotel & Leisure operating profit rose 3.1% YoY to 16.5bn KRW.

Outlook and guidance

• Focus on profitability recovery in Travel Retail amid changing market conditions.

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