Super Hi Q4 Revenue Rises 10.2% to US$230M as Margin Narrows to 5.7%
Super Hi International reported Q4 2025 revenue of US$230.0 million, up 10.2% year-over-year, and opened three new Haidilao restaurants, bringing the year-end total to 126. Full-year 2025 revenue rose 8.0% to US$840.8 million while operating margin fell to 4.4%, down from 6.8% in 2024.
1. Q4 2025 Financial Highlights
In the fourth quarter, Super Hi International generated US$230.0 million in revenue, a 10.2% increase from US$208.8 million a year earlier. The company opened three new Haidilao locations and closed three (two conversions), ending the period with 126 restaurants, achieved a 4.0 times daily table turnover rate and served 8.3 million guests.
2. Full-Year 2025 Performance
Full-year revenue reached US$840.8 million, up 8.0% from US$778.3 million in 2024, with same-store sales rising 2.9% to US$675.6 million. Total guest visits grew 7.0% to 32.0 million and overall table turnover averaged 3.9 times per day, while operating income fell to US$37.4 million from US$53.3 million.
3. Margin Compression and Strategic Investments
Operating margin contracted to 5.7% in Q4 (versus 8.4%) and to 4.4% for the full year (versus 6.8%) due to increased spending on employee incentives, enhanced in-store experiences and expansion of the Pomegranate Plan, which incubates secondary brands and diversifies revenue streams.
4. Outlook and Growth Strategy
Management plans to strengthen its global integrated restaurant platform by expanding its overseas footprint, enhancing value propositions, and leveraging the Pomegranate Plan’s sub-brand incubations to drive sustainable long-term growth across new markets.