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 2026.
Other financial highlights include:
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Total revenue increased by 4.7% to £209.3 million, benefiting from a strong performance from theGroup's UK properties, maturing of recently opened properties, and a favourable Euro to Sterling exchange rate. Like-for-like, total revenue increased by 5.5%. |
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RevPAR* was up 3.9% at £113.5, driven by a 4.2% increase in average room rate to £157.3 and stable occupancy. Like-for-like RevPAR* was up 3.1% and average room rate* was up 3.2%. |
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EBITDA increased by 6.3% to £48.4 million, which reflected revenue growth and a focus on costs, partially offset by higher business rate costs in the UK. EBITDA margin was 40 bps higher at 23.1%. Like-for-like, EBITDA* grew by 8.0% and EBITDA margin* was 23.5%. |
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Adjusted EPRA earnings per share of 125 pence for the last 12 months (LTM)* ended 30 June 2026 was in line with the 125 pence reported for the 12 months ended 31 December 2025. |
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EPRA NRV per share as at 30 June 2026 decreased by 1.4% to £26.97 (31 December 2025: £27.35), this decrease is largely due to foreign exchange results and dividend distribution in the first half year. Annual external valuations will be performed in December 2026. |
