Full Year 2025 Melia Hotels International SA Earnings Call Transcript
Key Points
- Consolidated revenues increased by 3.2%, driven by RevPar and available rooms growth in owned and leased properties.
- EBITDA excluding capital gains increased by 2.1%, marking the third consecutive year of operational improvement.
- Net financial results improved by EUR24 million year-on-year, benefiting from lower financial debt and reduced interest rates.
- Free cash flow generation exceeded EUR200 million before dividends and working capital, reinforcing the balance sheet.
- The company signed a new EUR800 million syndicated loan to optimize its debt structure and maturity profile without increasing leverage.
- Operating expenses increased by 2.6% due to the incorporation of new hotels under the owned and leased structure.
- Lease expenses rose by EUR14.2 million, impacting reported EBITDA margins.
- The impact of exchange rate differences negatively affected financial results.
- Cuba operations continue to face challenges related to energy availability and supply chain constraints.
- Recent developments in Mexico have resulted in greater short-term uncertainty in the operating environment.
Good evening, everyone, and welcome to Meliá fourth quarter and full year 2025 webcast. I am Stéphane Baos, Head of Investor Relations. Before we begin, we would like to remind you that our presentation will include forward looking statements. Actual results could differ from those indicated in our forward-looking statements and forward-looking statements made today speak only to our expectations as of today.
Unless otherwise stated, our RevPar, Occupancy, Average Daily Rates and P&L comments refer to year-over-year change for the comparable period. For the purposes of this presentation, our President and Chief Executive Officer, Gabriel Escarrer, together with our Chief Operating Officer, andré Gerondeau, will walk you through the key highlights and main topics. You can find our earnings release on our Investor Relations website at meliahotelsinternational.com. We will now see a short reel with the main KPIs, followed by the presentation.
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