Super Hi Q2 Revenue Up 10% but Swings to Net Loss on FX Hit
HDL sits 16% above its 52-week low of $12.
Summary
Super Hi reported Q2 2026 revenue of US$218.8 million, up 10% year over year, with operating income more than doubling to US$8.1 million. However, a US$20.6 million increase in net foreign exchange losses pushed the company to a US$1.9 million net loss for the quarter.
Key Events · Earnings and Guidance · HDL
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Q2 Revenue Up 10% to US$218.8M
Revenue rose 10.0% year over year to US$218.8 million, driven by 4.6% growth in Haidilao restaurant operations and a 105.4% jump in delivery revenue.
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Operating Income More Than Doubles
Income from operation reached US$8.1 million, up 118.9% from US$3.7 million a year earlier, with operating margin expanding to 3.7% from 1.9%.
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FX Losses Flip Bottom Line to Net Loss
Net loss was US$1.9 million versus a US$16.4 million profit in Q2 2025, driven by a US$20.6 million increase in net foreign exchange losses from local currency depreciation against the US dollar.
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H1 Restaurant-Level Margin Nearly Doubles
For the first half of 2026, restaurant level operating margin improved to 10.7% from 6.4% a year earlier, while H1 revenue grew 12.1% to US$444.8 million.
Analysis · HDL · Trade & Services
Super Hi delivered solid top-line growth and a sharp improvement in operating margins, but a US$20.6 million swing in foreign exchange losses turned a year-ago profit into a small net loss. The operating story is healthy — restaurant-level margin nearly doubled to 10.7% in the first half — but the bottom line is hostage to currency moves the company does not hedge. With US$266 million in cash and no bank borrowings, the balance sheet remains strong.
How filings like this one have moved
In the 30 days to Aug 26, 2026, 29.6% of the 2932 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HDL was trading at $13.95 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $825.4M. The 52-week trading range was $12.00 to $23.62. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.