TRIP.COM Group (09961.HK) announced on Thursday, February 26, that its annual profit attributable to shareholders for the full year 2025 reached 33.294 billion yuan, representing a year-on-year increase of 95.08%. Basic earnings per share stood at 50.62 yuan. The significant profit growth was primarily driven by investment gains of 19.9 billion yuan, which surged 17-fold compared to the previous year. For the full year 2025, adjusted EBITDA amounted to 18.888 billion yuan, an increase of 10.65% year-on-year. Total revenue for 2025 reached 62.51 billion yuan, rising 17.11% compared to the prior year. In the fourth quarter alone, profit attributable to shareholders was 4.281 billion yuan, up 98.47% year-on-year. Basic earnings per share were 6.53 yuan. Quarterly revenue totaled 15.429 billion yuan, increasing 20.84%, while adjusted EBITDA was 3.415 billion yuan, a rise of 14.6% compared to the same period last year. The company stated that in January of this year, it received an investigation notice from the State Administration for Market Regulation, which initiated a probe pursuant to China's Anti-Monopoly Law. The investigation is currently ongoing, and the company is fully cooperating with the regulator. TRIP.COM Group will continue to actively communicate with regulatory authorities on compliance matters. At present, the company cannot predict the status or outcome of the investigation and will provide further updates upon its conclusion. Business operations remain normal. Additionally, TRIP.COM announced a series of board changes: Fan Min has resigned from his positions as Director and President, and Ji Qi has also stepped down as a Director. The company has appointed Wu Yihong and Xiao Yang as new Independent Directors. Furthermore, Li Jipei has been appointed as a member of the Board's Remuneration Committee. These changes took effect on February 25. "Travel is not merely an industry; it is a key economic infrastructure that promotes connectivity, accelerates mobility, and enables shared growth," said James Liang, Executive Chairman of TRIP.COM Group's Board. "Inbound tourism is a crucial force for broadening opportunities and fostering local community development. Guided by a user-centric, trust-based methodology, we are continuously expanding our efforts. Through sustained investment in inbound tourism, social responsibility, and AI innovation, we are laying a solid foundation for sustainable long-term development." "The travel market demonstrated strong resilience in 2025," said Jane Sun, CEO of TRIP.COM Group. "Inbound tourism remains a key growth driver for economic development, creating employment opportunities for young talent and industry partners. We are deepening collaboration with local partners to jointly explore new markets and solidify long-term value, propelling this positive momentum. Under the guidance of our 'Globalization, High-Quality' strategy, we continue to work closely with merchants, destinations, and communities to build a vibrant, sustainable tourism ecosystem characterized by shared success."