InterContinental Hotels Group PLC

Latest Results (11.11.2025):

InterContinental Hotels Group PLC has delivered strong performance in its latest Half Year Results for the six months ended 30 June 2025. The report highlights robust growth in key financial metrics with operating profit from reportable segments up by 13% and adjusted EPS increasing by 19%, while revenue improvements and record new room openings underline significant progress across the business.

Financial Performance

The company reported revenue from reportable segments at $1,175m (up 6% year-on-year) with operating profit reaching $604m (up 13%) and adjusted EPS at 242.5¢ (up 19%). IFRS-based results also showed notable gains with total revenue growing to $2,519m, operating profit rising by 19% to $623m, and basic EPS increasing by 41%.

Operational and Revenue Growth

IHG experienced a modest increase in Global RevPAR (+1.8%), with significant performance differences across regions, record room openings (31.4k rooms across 207 hotels), and a net system growth of +5.4% year-on-year. The growth in its global pipeline further reinforces the company’s expansion efforts with over 338k rooms signed, representing 34% of the current system size.

Cash Flow and Capital Management

The report noted robust operating cash flow of $312m and adjusted free cash flow of $302m, despite an increase in net debt by $579m, driven by shareholder returns, acquisition spend, and foreign exchange impacts. The trailing 12-month adjusted EBITDA also rose by 10% year-on-year, maintaining a healthy net debt-to-EBITDA ratio.

Shareholder Returns

IHG reiterated its commitment to delivering value to shareholders with an interim dividend increase to 58.6¢ (up 10%) and a $900m share buyback programme, which was 47% completed by the end of June 2025. The company is on track to return over $1.1bn to shareholders through dividends and repurchases over the full year.