Shangri-La Hotel Public Company Limited (SHPCL, 73.61% owned by Shangri-La Asia Ltd.; SET ticker: SHANG) reported a sharp earnings recovery for the three months and six months ended 30 June 2026.

Financial Highlights • Q2-26 (three months):  – Consolidated revenue dipped 8.2% year on year (YoY) to THB 368.91 million.  – Total expenses fell 22.4% YoY to THB 344.77 million, helped by lower exchange losses (nil vs THB 80.88 million) and reduced operating costs.  – Operating profit swung to THB 24.14 million from a THB 42.81 million loss.  – Net profit attributable to shareholders reached THB 32.41 million (EPS THB 0.25), versus a THB 40.89 million loss (EPS -THB 0.31) a year earlier.

• H1-26 (six months):  – Revenue was broadly stable at THB 1.06 billion (-0.09% YoY).  – Expenses contracted 12.5% to THB 800.25 million, reflecting the absence of prior-year exchange losses and tighter cost control.  – Operating profit rose 77.0% YoY to THB 260.43 million.  – Net profit attributable to shareholders increased 96.8% YoY to THB 233.99 million (EPS THB 1.80).

Segment Performance – Bangkok hotel revenue fell 15.1% YoY in Q2 to THB 279.26 million amid softer tourist arrivals and weaker MICE demand, reducing pre-tax profit by THB 53.60 million. – Chiang Mai hotel revenue rose 15.3% YoY to THB 75.10 million, narrowing its pre-tax loss by THB 6.61 million thanks to higher occupancy and catering demand. – Group results benefited from a THB 5.71 million exchange gain (vs zero last year) and a reduction in share of losses from Myanmar associates to THB 3.75 million from THB 7.15 million.

Balance Sheet and Liquidity As of 30 June 2026, total assets edged up 0.9% from end-2025 to THB 8.33 billion. Key movements: • Cash and cash equivalents shrank by THB 836.56 million to THB 146.31 million, while fixed deposits (classified as short-term investments) increased by THB 999.03 million to THB 4.58 billion, reflecting a shift into longer-term deposits amid lower overnight yields. • Total liabilities fell 22.1% to THB 586.78 million, improving the equity ratio to 92.9%. • Shareholders’ equity rose 3.1% to THB 7.74 billion, supported by retained earnings and a THB 107.07 million foreign-currency translation gain, partly offset by a THB 39.16 million mark-to-market loss on Shangri-La Asia shares.

Cash Flow H1 operating cash inflow amounted to THB 139.39 million, down 28.4% YoY, while investing outflows widened to THB 990.26 million due to higher fixed-deposit placements and ongoing capital expenditure of THB 29.66 million. The company paid a final dividend of THB 65.00 million (THB 0.50 per share) in April.

Capital Commitments & Guarantees Capital commitments stood at THB 94.00 million for hotel renovations and equipment purchases. Bank guarantees outstanding totaled THB 10.00 million, mainly for electricity usage.

Outlook Considerations Management cites continued geopolitical headwinds affecting Bangkok tourist arrivals but notes stronger MICE demand in Chiang Mai. Cost discipline, lower foreign-exchange volatility, and reduced associate losses underpinned the first-half earnings surge.

Shangri-La Asia Limited (HKEX: 0069), the parent company, remains unaffected in its consolidated statements as this announcement pertains to the Thai subsidiary SHANG’s interim performance.