Grand Plaza Hotel Corporation reported a net loss after tax of about 43.3 million Philippine pesos for the six months ended Jun, 30 2026, widening from a 27.6 million Philippine peso loss a year earlier, according to its latest SEC Form 17-Q filing.

Total revenue for the period declined 1.6 % year on year to 197.8 million Philippine pesos, with food-and-beverage sales down 7.6 % to 63.1 million Philippine pesos and room revenue steady at 126.1 million Philippine pesos. Other operated departments and rental income contributed 8.5 million Philippine pesos, up 35.6 % from the prior-year period.

Operating expenses increased 9.6 % to 232.6 million Philippine pesos, driven mainly by higher payroll, utilities and depreciation charges following room renovations. Earnings before interest, tax, depreciation and amortisation registered a negative 24.4 million Philippine pesos versus a negative 12.5 million Philippine pesos in the first half of 2025.

At the balance-sheet date, cash and short-term notes stood at 270.6 million Philippine pesos, down 26.3 % year on year. The current ratio eased to 1.80 from 2.01, while the debt-to-equity ratio rose to 0.51 from 0.59, reflecting higher liabilities.

Management attributed the softer performance to reduced occupancy, renovation-related room closures and weaker demand in the wake of the Middle East crisis. No dividends were declared during the period, and the company reported no material subsequent events or changes in contingent liabilities.