The Hongkong and Shanghai Hotels, Limited (HKSHY) Q4 2025 Earnings Call Transcript

Aiden Fung
General Manager of Corporate Finance & Investor Relations

Good afternoon, ladies and gentlemen. Welcome to the Hong Kong and Shanghai Hotels’ 2025 Annual Results Presentation. My name is Aiden, General Manager, Corporate Finance and Investor Relations for the company. The result announcements were posted on the stock exchange website earlier this afternoon. Our presentation will begin with 2025 annual results, followed by an overview of our strategic review vision and finally, a Q&A session. [Operator Instructions] Today, we are pleased to welcome the following speakers: Mr. Benjamin Vuchot, Chief Executive Officer; Mr. Keith Robertson, Chief Financial Officer; Mr. Gareth Roberts, Chief Operating Officer. We would now like to invite our CEO, Mr. Benjamin Vuchot, to begin the presentation.

Benjamin Julien Arthur Vuchot
CEO, Member of Management Board & Executive Director

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We achieved a material strengthening in financial performance compared with the prior year and this reflects the enduring quality of our assets, the strength of the Peninsula brand and disciplined execution across the organization. Importantly, this performance translated into a return to profitability, a clear demonstration of operating leverage and cost discipline throughout the business. But 2025 was not only about delivering results. It was also about taking a hard look at where we stand and where we need to go. Over the past year, we undertook a comprehensive strategic review, a deliberate fact-based assessment of our position, the evolving