Super Hi International Q1 Revenue Climbs 14.2% to $225.9M, Operating Profit Up 70.7%
Super Hi International posted Q1 revenue of $225.9M, up 14.2% year over year, and operating profit of $14.0M, a 70.7% increase with margin expanding to 6.2%. Net profit declined to $4.1M from $11.9M due to $11.7M in foreign exchange losses, while delivery revenue grew 82.5% and other segments rose 166.7%.
1. Q1 Financial Performance
Super Hi International delivered first-quarter revenue of $225.9 million, up 14.2% from $197.8 million a year earlier. Adjusted operating profit surged 70.7% to $14.0 million, boosting operating margin to 6.2%, while net profit declined to $4.1 million from $11.9 million due to $11.7 million in foreign exchange losses.
2. Operating Efficiency Improvements
Higher table turnover and streamlined operations across the restaurant network drove improved efficiency. The company achieved an average table turnover rate of 4.0 times per day, contributing to margin expansion from 4.1% to 6.2%.
3. Segment Revenue Breakdown
Haidilao restaurant operations generated $204.2 million in revenue, up 8.4%, while delivery revenue soared 82.5% to $7.3 million. Secondary businesses, including condiment products and branded concepts, recorded $14.4 million in sales, marking a 166.7% jump.
4. International Expansion
As of March 31, Super Hi operated 127 restaurants across 14 countries, adding one new Southeast Asia location during the quarter as part of its ongoing global growth strategy.