SHR Holds 2026 Annual General Meeting of Shareholders, Approves 2025 Dividend of THB 0.07 per Share Following Record-Breaking Profit; Moves Forward with Strategy for Sustainable Portfolio Growth

S Hotels and Resorts Public Company Limited (SET: SHR), an international hospitality management company under Singha Estate Public Company Limited (SET: S), held its 2026 Annual General Meeting of Shareholders on 24 April 2026 to report the company’s 2025 operating performance and approve a dividend payment from the 2025 results.

The meeting was led by Dr. Chayanin Theppakham, Chairman of the Board; Mr. Boriwat Pinpradab, Chairman of the Executive Committee; and Mr. Michael David Marshall, Chief Executive Officer, together with members of the Board of Directors.

Following the meeting, Mr. Michael David Marshall, Chief Executive Officer of S Hotels and Resorts, revealed that 2025 marked a year of significant achievements for the company, driven by improved operational efficiency, enhanced profitability, and a continued reduction in financial expenses.

“As a result of these efforts, the company reported its highest normalized profit on record at THB 615 million, nearly three times higher than the previous year,” said Mr. Marshall.

Given this strong performance, the shareholders’ meeting approved a dividend payment of THB 0.07 per share, representing a total payout of THB 251,554,800, equivalent to 46.67% of the company’s net profit according to its standalone financial statements after legal reserves. This is in line with SHR’s dividend policy.

Previously, the company had already paid an interim dividend of THB 0.015 per share on 10 September 2025. The remaining THB 0.055 per share will be distributed to shareholders, with the Record Date set for 12 March 2026, and the dividend payment scheduled for 11 May 2026.

Looking ahead to 2026, SHR will continue driving its business strategy by focusing on portfolio enhancement and asset rotation, prioritizing investments in high-quality assets rather than expanding purely through volume.

As part of this strategy, the company plans to renovate two hotels in the United Kingdom, located in Manchester and Glasgow, to elevate service standards under the lyf brand by The Ascott Limited.

At the same time, SHR will focus on Asset Enhancement initiatives, upgrading existing properties to strengthen their competitiveness while increasing both Average Daily Rate (ADR) and occupancy rates.

The company also remains committed to enhancing guest experiences across its portfolio through the development of food and beverage offerings, spa services, and curated guest activities, while further strengthening the unique identity of its flagship brand, SAii Hotels & Resorts.

In addition, SHR aims to expand its capabilities in the MICE sector (Meetings, Incentives, Conferences, and Exhibitions) by offering comprehensive event facilities and services, creating additional revenue streams beyond room sales.

Sustainability continues to be a key priority for the group, with ongoing efforts to elevate environmental and operational standards across its properties. Several hotels and resorts within the portfolio are working toward or have already received EIC Certification, reinforcing SHR’s commitment to responsible and sustainable hospitality.

“Our strong performance in 2025 reaffirms our strategic direction toward sustainable growth,” Mr. Marshall added. “We are particularly pleased that the dividend declared for 2025 represents more than double the previous year’s payout, marking the highest dividend distribution since the company began paying dividends.”

“For 2026, SHR will continue to maintain high operational standards while accelerating growth across our portfolio. At the same time, we remain committed to conducting business with transparency, strong governance, and responsibility toward all stakeholders,” he concluded.