Staff Writer
City Lodge Hotels expects adjusted headline earnings per share (HEPS) for the financial year ended 30 June 2026 to increase by as much as 24%, reflecting a stronger underlying operating performance compared with the previous financial year. The group owns the 147-room Town Lodge Windhoek.
In a voluntary trading statement issued on Monday, the South African hotel group said adjusted HEPS is expected to range between 39.1 cents and 42.9 cents for FY2026, compared with 34.6 cents in FY2025.
This represents an estimated increase of between 13% and 24%.
The group said its FY2026 financial results were underpinned by strong performance compared with the year ended 30 June 2025.
Basic diluted earnings per share (EPS), however, is expected to range between 36.3 cents and 39.8 cents, compared with 38.3 cents previously.
This represents a variance of between a 5% decline and a 4% increase.
Diluted HEPS is expected to come in between 32.3 cents and 35.4 cents, compared with 33.1 cents in FY2025, representing a variance of between a 3% decline and a 7% increase.
City Lodge said basic EPS and HEPS are not expected to vary by more than the 20% threshold that would ordinarily require a trading statement under the JSE Listings Requirements.
However, adjusted HEPS, which the group uses as a measure of earnings generated from its day-to-day operations, may exceed the 20% variance threshold.
The adjusted measure excludes certain items in addition to those already excluded under the SAICA Headline Earnings Circular 1/2023.
These adjustments include the reversal of unrealised foreign exchange gains or losses and exceptional items that are outside the normal day-to-day operations of the business.
The company cautioned that the financial information contained in the announcement is the responsibility of its board and has not been reviewed or reported on by its auditors.
City Lodge Hotels said its financial results are expected to be published on or about 10 September 2026.
