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6-K 1 tm2532161d1_6k.htm FORM 6-K

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2025

 

Commission File Number: 001-42101

 

 

SUPER HI INTERNATIONAL HOLDING LTD.

 

1 Paya Lebar Link, #09-04

PLQ 1 Paya Lebar Quarter

Singapore 408533

+65 6378 1921

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x                 Form 40-F ¨

 

 

 

 


 

Exhibit Index

 

Exhibit No.   Description
     
Exhibit 99.1   Press Release— Super Hi Reports Unaudited Financial Results for the Third Quarter of 2025

 

 


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SUPER HI INTERNATIONAL HOLDING LTD.
   
  By: /s/ Ping Shu
  Name: Ping Shu
  Title: Director and Chairman

 

Date: November 26, 2025

 

 

 

EX-99.1 2 tm2532161d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

 

 

Super Hi Reports Unaudited Financial Results for the Third Quarter of 2025

 

SINGAPORE, November 26, 2025 (GLOBE NEWSWIRE) -- Super Hi International Holding Ltd. (NASDAQ: HDL and HKEX: 9658) (“Super Hi” or the “Company”), a leading Chinese cuisine restaurant brand operating Haidilao hot pot restaurants in the international market, today announced its unaudited financial results for the third quarter ended September 30, 2025.

 

Third Quarter 2025 Highlights

 

· Revenue was US$214.0 million, representing an increase of 7.8% from US$198.6 million in the same period of 2024.

 

· In the third quarter of 2025, the Company opened two new Haidilao restaurants, closed one Haidilao restaurant due to lease expiration, and converted one Haidilao restaurant to a secondary branded restaurant as a strategic adjustment. As of the end of the third quarter of 2025, the Company had opened 10 new Haidilao restaurants this year, maintaining a total of 126 Haidilao restaurants in operation, unchanged from the previous quarter.

 

· Overall average table turnover rate1 was 3.9 times per day, compared to 3.8 times per day in the same period of 2024; overall average same-store table turnover rate2 was 4.0 times per day, compared to 3.9 times per day in the same period of 2024.

 

· Had over 8.1 million total guest visits, representing an increase of 9.5% from 7.4 million in the same period of 2024.

 

· Same-store sales3 were US$182.2 million, representing an increase of 2.3% from US$178.1 million in the same period of 2024.

 

· Income from operation4 was US$12.6 million, compared to US$14.9 million in the same period of 2024, representing a year-over-year decrease of 15.4%; compared to the previous quarter, income from operation has increased by US$8.9 million, representing a sequential growth of 240.5%.

 

· Income from operation margin5 was 5.9%, compared to 7.5% in the same period of 2024, representing a decline of 1.6 percentage points; Income from operation margin has increased by 4.0 percentage points compared to the previous quarter.

 

 

1 Calculated by dividing the total tables served for the period by the product of total Haidilao restaurant operation days for the period and average table count during the period.

2 Calculated by dividing the total tables served for the period by the product of total Haidilao restaurant operation days for the period and average table count at the Company’s same stores during the period.

3 Refers to the gross revenue of Haidilao restaurant operation at the same stores for the periods indicated.

4 Calculated by excluding interest income, finance costs, unrealized foreign exchange differences arising from remeasurement of balances which are not denominated in functional currency, net gain arising on financial assets at fair value through profit or loss and income tax expense from profit (loss) for the period.

5 Calculated by dividing income from operation4 by total revenue.

 

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Ms. Yang Lijuan, CEO & Executive Director of Super Hi, commented, “During the third quarter of 2025, Haidilao restaurants achieved an improvement of 0.1 times per day for both overall average table turnover rate1 and overall average same-store table turnover rate2, compared to the same period last year. Revenue for Haidilao restaurants grew by 5.1% compared to the same period last year, with same-store sales3 rising by 2.3%. Overall company revenue increased by 7.8% year-over-year. Meanwhile, as we continue to implement refined management practices, consistently strive to balance rewarding customers and employees with improving operational efficiency, the Company’s income from operation margin5 reached 5.9% during this quarter, representing an improvement of 4.0 percentage points improvement from the previous quarter. The Company’s income from operation4 increased by US$8.9 million compared to the previous quarter, representing a 240.5% quarter-over-quarter growth. Relative to the second quarter of 2025, the variances between income from operation4 and income from operation margin5 compared to the same quarter in prior year narrowed. We will continue to enhance our management capabilities, strengthening our digital and intelligent middle platform, which will empower frontline store management and the advancement of the “Pomegranate Plan”, while actively expanding our business and exploring new opportunities globally.”

 

Third Quarter 2025 Financial Results

 

Revenue was US$214.0 million, representing an increase of 7.8% from US$198.6 million in the same period of 2024.

 

· Revenue from Haidilao restaurant operations was US$200.7 million, representing an increase of 5.1% from US$190.9 million in the same period of 2024. The increase was mainly driven by (i) ongoing business expansion and increased brand influence; and (ii) continuous efforts to increase guest visits and table turnover rates.

 

· Revenue from delivery business was US$4.4 million, representing an increase of 69.2% from US$2.6 million in the same period of 2024, primarily due to (i) the continuous optimization of delivery products and services based on market demand; and (ii) strategic marketing collaborations with local food delivery platforms.

 

· Revenue from other business was US$8.9 million, representing an increase of 74.5% from US$5.1 million in the same period of 2024, driven by (i) the increasing popularity of hot pot condiment products among local customers and retailers; and (ii) the incubation of secondary branded restaurants under the Pomegranate Plan through strategic exploration of diverse business forms.

 

Raw materials and consumables used were US$71.2 million, representing an increase of 8.7% from US$65.5 million in the same period of 2024, primarily driven by the increase in food ingredient costs resulting from business expansion and revenue growth. In the third quarter of 2025, raw materials and consumables used as a percentage of revenue increased to 33.3% from 33.0% in the same period of 2024.

 

Staff costs were US$71.0 million, representing an increase of 7.9% from US$65.8 million in the same period of 2024. The increase was primarily due to (i) a rise in the number of employees, reflecting the expansion of restaurant network compared to the prior year, and (ii) higher guest visits and an improved table turnover rate. As a percentage of revenue, staff costs were 33.2% in the third quarter of 2025, compared to 33.1% in the same period of 2024.

 

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Income from operation4 was US$12.6 million, representing a decrease of 15.4% from US$14.9 million in the same period of 2024. Income from operation margin5 was 5.9%, compared to 7.5% in the same period of 2024. This decrease in income from operation margin5 was mainly attributable to (i) the continued investment in customer and employee benefit initiatives, which partially offsets the increase in revenue; (ii) increased outsourcing service fees resulting from the business and restaurant network expansion; (iii) increased short-term lease payments aligned with the warehouse leasing expansion; and (iv) increased investments for business expansion, particularly secondary brand development.

 

Profit for the period was US$3.6 million, compared to US$37.7 million in the same period of 2024. In addition to the aforementioned decrease in income from operation4, this change was mainly due to an increase in net foreign exchange loss of US$31.7 million in the third quarter of 2025 as compared with the same period of 2024, primarily attributable to foreign exchange fluctuations, particularly the revaluation of local currencies against the U.S. dollar.

 

Basic and diluted net profit per share were both US$0.01 compared to a basic and diluted net profit per share of US$0.06 in the same period of 2024.

 

Operational Highlights

 

Haidilao Restaurant Performance

 

The following table summarizes key performance indicators of Haidilao’s restaurants for the quarters indicated.

 

    As of/For the Three Months Ended September 30,  
    2025     2024  
Number of restaurants                
Southeast Asia     74       73  
East Asia     20       18  
North America     20       20  
Others(1)     12       10  
Total     126       121  
                 
Total guest visits (million)                
Southeast Asia     5.3       5.2  
East Asia     1.2       0.8  
North America     1.0       0.9  
Others(1)     0.6       0.5  
Total     8.1       7.4  
                 
Average table turnover rate(2) (times per day)                
Southeast Asia     3.7       3.6  
East Asia     4.9       4.3  
North America     4.0       3.9  
Others(1)     3.7       3.8  
Overall     3.9       3.8  
                 
Average spending per guest(3) (US$)                
Southeast Asia     19.1       20.4  
East Asia     28.9       29.2  
North America     39.1       43.5  
Others(1)     39.4       43.0  
Overall     24.6       25.8  
                 
Average daily revenue per restaurant(4) (US$ in thousands)                
Southeast Asia     15.5       15.7  
East Asia     20.3       17.7  
North America     22.1       21.5  
Others(1)     22.9       24.3  
Overall     18.0       17.7  

 

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Notes:

 

(1) Others include Australia, the United Kingdom, and the United Arab Emirates.

 

(2) Calculated by dividing total number of tables served for the period by the product of total Haidilao restaurant operation days for the period and average table count during the period in the same geographic regions.

 

(3) Calculated by dividing gross revenue of Haidilao restaurant operation for the period by total guests served for the periods in the same geographic region.

 

(4) Calculated by dividing the revenue of Haidilao restaurant operation for the period by the total Haidilao restaurant operation days of the periods in the same geographic region.

 

Same-Store Sales

 

The following table sets forth details of the Company’s same-store sales for the quarters indicated.

 

    As of/For the Three Months Ended September 30,  
    2025     2024  
Number of same stores(1)                
Southeast Asia     64        
East Asia     14        
North America     19        
Others(5)     10        
Total     107        
                 
Same store sales(2) (US$ in thousands)                
Southeast Asia     94,634       96,007  
East Asia     26,661       22,578  
North America     38,286       37,095  
Others(5)     22,597       22,449  
Total     182,178       178,129  
                 
Average same store sales per day(3) (US$ in thousands)                
Southeast Asia     16.1       16.3  
East Asia     20.7       17.6  
North America     21.9       21.2  
Others(5)     24.6       24.4  
Overall     18.5       18.1  
                 
Average same store table turnover rate(4) (times/day)                
Southeast Asia     3.8       3.8  
East Asia     5.1       4.3  
North America     3.9       3.9  
Others(5)     3.8       3.8  
Overall     4.0       3.9  

 

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Notes:

 

(1) Includes restaurants that commenced operations prior to the beginning of the periods under comparison and opened for more than 75 days in the third quarter of 2025 and 2024, respectively.

 

(2) Refers to the aggregate gross revenue from Haidilao restaurant operation at the Company’s same stores for the period indicated.

 

(3) Calculated by dividing the gross revenue from Haidilao restaurant operation for the period by the total Haidilao restaurant operation days at the Company’s same stores for the period.

 

(4) Calculated by dividing the total tables served for the period by the product of total Haidilao restaurant operation days for the period and average table count at the Company’s same stores during the period.

 

(5) Others include Australia, the United Kingdom, and the United Arab Emirates.

 

About Super Hi

 

Super Hi operates Haidilao hot pot restaurants in the international market. Haidilao is a leading Chinese cuisine restaurant brand. With roots in Sichuan from 1994, Haidilao has become one of the most popular and largest Chinese cuisine brands in the world. With over 31 years of brand history, Haidilao is well-loved by guests for its unique dining experience — warm and attentive service, great ambiance and delicious food, standing out among global restaurant chains, which has made Haidilao restaurants into a worldwide cultural phenomenon. Haidilao has been ranked as one of the world’s most valuable restaurant brands for six consecutive years since 2019, earning the title of “World’s Strongest Restaurant Brand” for 2024 (Brand Finance). As of September 30, 2025, Super Hi had 126 self-operated Haidilao restaurants in 14 countries across four continents.

 

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Forward-Looking Statements

 

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “likely to” and similar statements. Super Hi may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “SEHK”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Super Hi’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Super Hi’s operations and business prospects; future developments, trends and conditions in the industry and markets in which Super Hi operates; Super Hi’s strategies, plans, objectives and goals and Super Hi’s ability to successfully implement these strategies, plans, objectives and goals; Super Hi’s ability to maintain an effective food safety and quality control system; Super Hi’s ability to continue to maintain its leadership position in the industry and markets in which Super Hi operates; Super Hi’s dividend policy; Super Hi’s capital expenditure plans; Super Hi’s expansion plans; Super Hi’s future debt levels and capital needs; Super Hi’s expectations regarding the effectiveness of its marketing initiatives and the relationship with third-party partners; Super Hi’s ability to recruit and retain qualified personnel; relevant government policies and regulations relating to Super Hi’s industry; Super Hi’s ability to protect its systems and infrastructures from cyber-attacks; general economic and business conditions globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Super Hi’s filings with the SEC and the announcements and filings on the website of the SEHK. All information provided in this press release is as of the date of this press release, and Super Hi does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Contacts 

Investor Relations

Email: superhi_ir@superhi-inc.com 

Phone: +1 (212) 574-7992

 

Public Relations

Email: media.hq@superhi-inc.com

 

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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

 

    For the three months ended September 30,  
    2025     2024  
    USD’000     USD’000  
Revenue     214,048       198,616  
Other income     2,565       2,081  
Raw materials and consumables used     (71,210 )     (65,460 )
Staff costs     (71,048 )     (65,833 )
Rentals and related expenses     (6,123 )     (5,366 )
Utilities expenses     (7,783 )     (7,494 )
Depreciation and amortization     (21,400 )     (20,378 )
Travelling and communication expenses     (1,875 )     (1,515 )
Other expenses     (21,839 )     (17,118 )
Other (losses) gains - net     (6,163 )     25,851  
Finance costs     (2,869 )     (2,164 )
Profit before tax     6,303       41,220  
Income tax expense     (2,710 )     (3,564 )
Profit for the period     3,593       37,656  
                 
Other comprehensive income                
Item that may be reclassified subsequently to profit or loss:                
Exchange differences arising on translation of foreign operations     3,539       (13,586 )
Total comprehensive income for the period     7,132       24,070  
                 
Profit for the period attributable to:                
Owners of the Company     3,609       37,724  
Non-controlling interests     (16 )     (68 )
      3,593       37,656  
                 
Total comprehensive income attributable to:                
Owners of the Company     7,148       24,138  
Non-controlling interests     (16 )     (68 )
      7,132       24,070  
                 
Earnings per share                
Basic and diluted (USD)     0.01       0.06  

 

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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

    As at September 30,     As at December 31,  
    2025     2024  
    USD’000     USD’000  
Non-current Assets                
Property, plant and equipment     154,653       151,901  
Right-of-use assets     197,107       185,514  
Intangible assets     259       278  
Deferred tax assets     4,819       3,799  
Other receivables     1,961       1,961  
Prepayment     228       373  
Rental and other deposits     19,858       17,372  
      378,885       361,198  
                 
Current Assets                
Inventories     34,484       31,521  
Trade and other receivables and prepayments     31,099       30,754  
Financial assets at fair value through profit or loss     49,521       -  
Rental and other deposits     5,078       3,378  
Pledged bank deposits     2,762       2,855  
Bank balances and cash     217,771       254,719  
      340,715       323,227  
                 
Current Liabilities                
Trade payables     33,556       30,711  
Other payables     41,353       38,100  
Amounts due to related parties     1,111       1,329  
Tax payables     3,297       5,411  
Lease liabilities     42,521       41,407  
Contract liabilities     10,390       9,669  
Provisions     2,408       1,941  
      134,636       128,568  
                 
Net Current Assets     206,079       194,659  

 

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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

    As at September 30,     As at December 31,  
    2025     2024  
    USD’000     USD’000  
Non-current Liabilities                
Deferred tax liabilities     7,490       7,504  
Lease liabilities     178,956       171,219  
Contract liabilities     2,893       2,980  
Provisions     13,586       12,493  
      202,925       194,196  
                 
Net Assets     382,039       361,661  
                 
Capital and Reserves                
Share capital     3       3  
Shares held under share award scheme     *       *  
Share premium     550,593       550,593  
Reserves     (170,093 )     (190,568 )
                 
Equity attributable to owners of the Company     380,503       360,028  
Non-controlling interests     1,536       1,633  
Total Equity     382,039       361,661  

 

* Less than USD 1,000

 

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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 

    For the three months ended September 30,  
    2025     2024  
    USD’000     USD’000  
Net cash from operating activities     34,142       40,699  
Net cash (used in) from investing activities     (62,517 )     41,311  
Net cash used in financing activities     (13,189 )     (11,440 )
                 
Net (decrease) increase in cash and cash equivalents     (41,564 )     70,570  
Cash and cash equivalents at beginning of the period     258,471       140,659  
Effect of foreign exchange rate changes     864       3,933  
                 
Cash and cash equivalents at end of the period     217,771       215,162  

 

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