Langham Hospitality Investments Ltd. · HKEX:1270
Langham Hospitality Investments — FY2025 Earnings Presentation
14 slides from Langham Hospitality Investments's earnings presentation, Jan 11, 2026
Slide 1: 2025 Annual Results
2025 ANNUAL RESULTS Dated: 11 January 2026 Stock code: 1270
Slide 2: Contents
CONTENTS Highlights Hotel Operating Performance Revenue Breakdown by Hotel 2025 Financial Information Outlook 2
Slide 3: Highlights
HIGHLIGHTS Hotel Portfolio: ➢ Our combined Hotel portfolio (the "Hotels") sustained a high occupancy level of 91.0%, broadly in line with last year’s performance, while average room rate ("ADR") pushed up 2.0% year on year to HK$1,610 per night combining to post a 2.1% increase in revenue per availa
Slide 4: Highlights (Con't)
HIGHLIGHTS (CON’T) Trust Group (con't): ➢ The Group’s profit attributable to Holders of Share Stapled Units ("SSU(s)") came in at HK$54.2 million. After adjusting for non-cash items, total distributable income rose by 21.9% year on year to HK$137.8 million. ➢ Given the Hotels’ stable operating perfo
Slide 5: Hotels Operating Performance for Annual 2025
HOTELS OPERATING PERFORMANCE FOR ANNUAL 2025 Average Room Average Daily RevPAR Occupancy Rate Rooms Available (in HK$) (in HK$) 2025 2024 2025 2024 2025 2024 2025 2024 The Langham, Hong Kong 498 498 88.6% 89.3% 1,996 1,957 1,768 1,748 Cordis, Hong Kong 669 667 91.9% 92.6% 1,657 1,619 1,523 1,500 Eat
Slide 6: Revenue Breakdown by Hotel
REVENUE BREAKDOWN BY HOTEL The Langham, Cordis, In HK$ million Hong Kong Hong Kong Eaton HK Total Rooms 321.4 371.9 179.0 872.3 Food & Beverage 202.9 271.2 190.7 664.8 Others 4.2 15.5 18.5 38.2 Total Revenue 528.5 658.6 388.2 1,575.3 The Langham, Cordis, Year-on-year change Hong Kong Hong Kong Eaton
Slide 7: 2025 Financial Information
2025 FINANCIAL INFORMATION 7
Slide 8: Net Property Income
NET PROPERTY INCOME in HK$ million 2025 2024 Change Fixed rental income 225.0 225.0 - Variable rental income 254.6 254.5 - Rental income from retail shops 1.7 1.7 - Total rental income before service fees 481.3 481.2 - Service fees expenses (79.4) (79.4) - Total rental income for the Trust Group aft
Slide 9: Profit Attributable to Holders of Share Staple Units
PROFIT ATTRIBUTABLE TO HOLDERS OF SHARE STAPLE UNITS in HK$ million 2025 2024 Change Net property income 380.3 381.0 -0.2% Interest and other income 6.7 5.4 24.1% (Decrease) increase in fair value of investment properties (hotel portfolio) (26.6) 186.5 n.m. Change in fair value of derivative financi
Slide 10: Distributable Income
DISTRIBUTABLE INCOME in HK$ million 2025 2024 Change Profit attributable to Holders of Share Stapled Units 54.2 231.7 -76.6% Adjustments: Decrease (increase) in fair value of investment properties 26.6 (186.5) n.m. Change in fair value of derivative financial instruments 16.2 (9.3) n.m. Fair value c
Slide 11: Finance Costs
FINANCE COSTS in HK$ million 2025 2024 Change Breakdown of finance costs Interest expense on bank borrowings (220.1) (318.1) -30.8% Net interest on interest rate swaps (23.0) 6.3 n.m. Underwriting/loan extension fee amortisation (13.6) (9.6) 41.7% Others borrowing costs (1.4) (0.8) 75.0% Total finan
Slide 12: Financial Position
FINANCIAL POSITION in HK$ million 31 Dec 2025 30 Jun 2025 31 Dec 2024 Gross value of hotel portfolio 15,895.0 15,764.0 15,895.0 Total gross assets 16,303.6 16,087.4 16,238.3 Total outstanding borrowings 6,201.6 6,201.6 6,204.6 Gearing ratio 38.0% 38.5% 38.2% Net asset value per Share Stapled Unit HK
Slide 13: Outlook
OUTLOOK ➢ Hong Kong’s economy is expected to advance steadily in 2026, supported by strong financial markets, the services sector. ➢ Overnight arrivals to Hong Kong increased 5.7% in 2025, and we expect growth to continue supported by new event infrastructure including the Kai Tak Stadium and govern
Slide 14: Thank You
THANK YOU For enquires from investors or Holders of Share Stapled Units, please email to enquiry@langhamhospitality.com 14
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