The PPHE Hotel Group Limited Board has approved the payment of an interim dividend of 17 pence per ordinary share, for the period ended 30 June 2025, to all shareholders who are on the register at 19 September 2025. The interim dividend is to be paid on 17 October 2025.
Other financial highlights include:
Total revenue increased 4.7% to £199.9 million, benefiting from the recently opened, new and refurbished properties. Like-for-like total revenue marginally increased, up 1.3%, at £193.3 million.
Reported RevPAR was up 1.4% at £109.3, driven by improved occupancy, alongside softer average room rates. Like-for-like RevPAR was up 1.1%.
Margins, though supported by occupancy, are still affected by the changes in room rates and cost inflation. The Group's efficiency initiatives have largely countered government-led wage and social security cost increases. For example, initial expectations for wage cost inflation were for c.7% but, due to these efforts, the final outturn was limited to less than 3%.
Reported EBITDA was 5.7% lower at £45.5 million due to new hotel opening losses, normalising room rates, higher salary costs and increased social security costs, largely offset by ongoing efficiency initiatives. Like-for-like EBITDA was 4.9% lower.
Adjusted EPRA earnings per share of 119 pence for the last 12 months (LTM) ended 30 June 2025 were down by 4.8% versus the 12 months ended 31 December 2024 of 125 pence.
EPRA NRV per share on 30 June 2025 increased by 2.0% to £28.07 (31 December 2024: £27.51), this increase is largely due to foreign exchange results and transactions with minority shareholders. Annual external valuations will be performed in December 2025.
