$SPHIF

SUPER HI INTERNATIONAL HOLDING LTD.

CIK:0001995306|SEC Filings

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Revenue	$ 840,755	$ 778,308	$ 686,362
Other income	9,495	7,523	6,695
Raw materials and consumables used	(282,818)	(257,723)	(234,715)
Staff costs	(285,355)	(259,293)	(226,033)
Rentals and related expenses	(24,235)	(20,136)	(17,161)
Utilities expenses	(28,986)	(28,358)	(26,054)
Depreciation and amortization	(82,651)	(80,972)	(78,557)
Traveling and communication expenses	(7,996)	(6,449)	(5,756)
Listing expenses		(2,460)	(1,745)
Other expenses	(87,095)	(70,735)	(62,682)
Other gains (losses) - net	9,840	(17,924)	1,177
Finance costs	(11,447)	(8,538)	(8,424)
Profit before tax	49,507	33,243	33,107
Income tax expense	(13,169)	(11,844)	(7,850)
Profit for the year	36,338	21,399	25,257
Item that may be reclassified subsequently to profit or loss:
Exchange differences arising on translation of foreign operations	(6,355)	12,028	4,627
Total comprehensive income for the year	29,983	33,427	29,884
Profit (Loss) for the year attributable to:
Owners of the Company	36,429	21,801	25,653
Non-controlling interests	(91)	(402)	(396)
Total comprehensive income (expense) attributable to:
Owners of the Company	30,074	33,829	30,280
Non-controlling interests	$ (91)	$ (402)	$ (396)
Earnings per share
Basic (USD) (in dollars per share)	$ 0.06	$ 0.04	$ 0.05
Diluted (USD) (in dollars per share)	$ 0.06	$ 0.04	$ 0.05

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Profit before tax	$ 49,507,000	$ 33,243,000	$ 33,107,000
Adjustments for:
Finance costs	11,447,000	8,538,000	8,424,000
Interest income	(7,665,000)	(5,074,000)	(1,846,000)
Depreciation of property, plant and equipment	43,642,000	43,939,000	42,742,000
Depreciation of right-of-use assets	38,902,000	36,910,000	35,709,000
Amortization of intangible assets	107,000	123,000	106,000
Impairment loss, net of reversal - property, plant and equipment	1,236,000	2,308,000	(3,728,000)
Impairment loss, net of reversal - right-of-use assets	766,000	(2,355,000)	(3,916,000)
Impairment loss, net of reversal - goodwill			1,122,000
Impairment loss, net of reversal - intangible assets			1,600,000
Loss on disposal of property, plant and equipment and provision for early termination of leases	3,014,000	2,290,000	2,388,000
Net (gain) loss on lease termination	71,000	(1,476,000)	(2,161,000)
Loss on lease modification			366,000
Net gain arising on financial assets at fair value through profit or loss	(1,711,000)	(3,100,000)	(1,552,000)
Loss on disposal of a subsidiary (Note 37)			605,000
Other rental concessions			(596,000)
Net foreign exchange loss (gain)	(13,885,000)	20,501,000	7,378,000
Operating cash flows before movements in working capital	125,431,000	135,847,000	119,748,000
Increase in inventories	(4,954,000)	(1,759,000)	(3,778,000)
Increase in trade and other receivables and prepayments	(152,000)	(1,103,000)	(7,529,000)
Decrease (Increase) in rental and other deposits	(854,000)		19,000
Increase (Decrease) in trade payables	4,378,000	(3,687,000)	2,065,000
Increase in other payables	3,212,000	287,000	5,771,000
Increase in contract liabilities	516,000	1,245,000	7,187,000
Decrease in provisions	(688,000)		(150,000)
Increase in amounts due to related parties	779,000	487,000	66,000
Cash generated from operations	127,668,000	131,317,000	123,399,000
Income taxes paid, net of refunds	(13,020,000)	(11,621,000)	(9,354,000)
Net cash from operating activities	114,648,000	119,696,000	114,045,000
Investing activities
Interest received from bank deposits	5,336,000	4,052,000	1,370,000
Purchase of financial assets at fair value through profit or loss	(373,921,000)	(233,236,000)	(97,250,000)
Redemption of financial assets at fair value through profit or loss	375,632,000	236,336,000	98,816,000
Purchase of property, plant and equipment	(53,157,000)	(34,742,000)	(32,801,000)
Proceeds on disposals of property, plant and equipment	142,000	134,000	1,790,000
Purchase of intangible assets	(135,000)		(173,000)
Payments for rental deposits	(4,215,000)	(2,027,000)	(1,949,000)
Refund of rental deposits	209,000	1,867,000	446,000
Proceeds from disposal of a subsidiary (Note 37)			17,389,000
Withdrawal of pledged bank deposits	200,000		587,000
Placement of time deposits with original maturity over three months	(127,400,000)
Net cash used in investing activities	(177,309,000)	(27,616,000)	(11,775,000)
Financing activities
Repayments of bank borrowings			(562,000)
Repayments of lease liabilities	(51,035,000)	(43,536,000)	(43,425,000)
Proceeds from issue of share of the Company		56,113,000
Capital injection from non-controlling interests			200,000
Net cash (used in) from financing activities	(51,035,000)	12,577,000	(43,787,000)
Net increase (decrease) in cash and cash equivalents	(113,696,000)	104,657,000	58,483,000
Cash and cash equivalents at beginning of the year	254,719,000	152,908,000	93,878,000
Effect of foreign exchange rate changes	3,567,000	(2,846,000)	547,000
Cash and cash equivalents at end of the year	144,590,000	254,719,000	152,908,000
Bank balances and cash (Note 19)	271,990,000	254,719,000	$ 152,908,000
Less: time deposits with original maturity over three months	$ (127,400,000)	$ 0

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Non-current assets
Property, plant and equipment	$ 160,301,000	$ 151,901,000
Right-of-use assets	204,180,000	185,514,000
Intangible assets	311,000	278,000
Deferred tax assets	4,725,000	3,799,000
Other receivables	1,961,000	1,961,000
Prepayment	325,000	373,000
Rental and other deposits	20,709,000	17,372,000
Non-current assets	392,512,000	361,198,000
Current assets
Inventories	37,519,000	31,521,000
Trade and other receivables and prepayments	35,652,000	30,754,000
Rental and other deposits	5,417,000	3,378,000
Pledged bank deposits	2,793,000	2,855,000
Bank balances and cash	271,990,000	254,719,000
Current assets	353,371,000	323,227,000
Current liabilities
Trade payables	36,337,000	30,711,000
Other payables	42,980,000	38,100,000
Amounts due to related parties	2,177,000	1,329,000
Tax payables	7,031,000	5,411,000
Lease liabilities	45,662,000	41,407,000
Contract liabilities	10,658,000	9,669,000
Provisions	1,987,000	1,941,000
Current liabilities	146,832,000	128,568,000
Net current assets	206,539,000	194,659,000
Non-current liabilities
Deferred tax liabilities	6,184,000	7,504,000
Lease liabilities	183,139,000	171,219,000
Contract liabilities	2,905,000	2,980,000
Provisions	15,179,000	12,493,000
Non-current liabilities	207,407,000	194,196,000
Net assets	391,644,000	361,661,000
Capital and reserves
Share capital of the Company	3,000	3,000
Share premium	550,593,000	550,593,000
Reserves	(160,494,000)	(190,568,000)
Equity attributable to owners of the Company	390,102,000	360,028,000
Non-controlling interests	1,542,000	1,633,000
Total equity	$ 391,644,000	$ 361,661,000