According to the Zhitong Finance App, Grand Hotel (00045) announced its 2026 interim results. The group achieved operating revenue of HK$3,534 million, an increase of 8% over the previous year; profit attributable to shareholders was HK$23 million, with a loss of HK$289 million in the same period last year; and a profit of HK$0.01 per share.
The Group turned a loss into a profit in the first half of 2026. Profit attributable to shareholders reached HK$23 million, while a loss of HK$289 million was recorded in the first half of 2025. Comprehensive income and operating profit before comprehensive interest, taxes, depreciation and amortization all increased by 20%, mainly due to improved hotel business performance in Greater China and the US, continued improvement in operating performance of two new European hotel properties, plus prudent pricing strategies and strict cost control. As for commercial properties and Peak Tram, retail and other business segments, it also continues to provide the Group with balanced development and steady recovery capabilities.
Entering the second half of the year, business development saw more momentum. Clear strategic policies helped the Group respond flexibly to the challenges of unstable geopolitical situations, fluctuating exchange rates, and uneven demand for luxury travel. We will continue to strategically invest in assets, talent, and guest experience, and to create a new definition of luxury for future generations, with the Peninsula Hotel's enduring reputation as an example of luxury, and maintaining the fine traditions passed down through history.