Super Hi revenue climbs 14.2% on surging hot pot delivery and demand

Super Hi International Holding (NASDAQ:HDL) reported its unaudited financial results for the first quarter ended March 31, 2026, delivering double-digit top-line growth and a strong rebound in localized restaurant metrics, which were offset below the operating line by widening foreign exchange headwinds.

The Singapore-based company, which operates Haidilao hot pot dining locations outside of Mainland China, Hong Kong, Macau, and Taiwan, generated total net revenues of $225.9 million.

The figure marks a 14.2% increase compared to the $197.8 million recorded in the first quarter of 2025, beating consensus expectations on the back of resilient consumer volume.

Top-line performance was lifted by cross-segment operational momentum.

Core Haidilao restaurant operations rose 8.4% year-over-year to $204.2 million, driven by an overall average table turnover rate of 4 times per day.

Concurrently, the company’s international delivery infrastructure experienced an 82.5% revenue jump to $7.3 million, while secondary branded dining formats and condiment product sales advanced 166.7% to $14.4 million.

Same-store sales for the quarter climbed 4% to $183.5 million.

Operational efficiency tracking showed substantial positive momentum.

Super Hi’s income from operations surged 70.7% year-over-year to $14 million, up from $8.2 million in the opening quarter of 2025.

This progression enabled an expansion in the consolidated operating margin, which expanded by 2.1 percentage points to land at 6.2%.

Despite the improved conversion on restaurant floors, the group's final consolidated net profit dropped to $4.1 million, compared to $11.9 million in the matching prior-year window.

Diluted earnings per share settled at $0.01, down from $0.02 last year.

Management attributed the bottom-line compression directly to an $11.7 million year-over-year increase in net foreign exchange losses, caused by widespread local currency depreciation across key Southeast Asian and international markets against a strengthening U.S. dollar.

Meanwhile, Super Hi continued its targeted physical development cadence, opening one new location in Southeast Asia during the quarter to bring its global operating footprint to 127 total restaurants across 14 countries.

Elsewhere, the company recorded approximately 8.1 million guest visits during the three-month period, representing a 3.8% volume increase over the first quarter of 2025, which helped cushion input cost inflation across international supply lines.