{"id":1599,"date":"2025-02-14T15:31:54","date_gmt":"2025-02-14T08:31:54","guid":{"rendered":"https:\/\/bizuget.com\/en\/?p=1599"},"modified":"2025-02-17T10:58:40","modified_gmt":"2025-02-17T03:58:40","slug":"mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025","status":"publish","type":"post","link":"https:\/\/bizuget.com\/en\/marketing\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\/","title":{"rendered":"MINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0Minor International Public Company Limited (MINT)<\/span> has delivered its strongest financial performance to date, with net profit surging 43% year-on-year to THB 7,750 million in 2024. This outstanding result reflects exceptional operational execution, sustained global travel demand<\/span> and improved financial position<\/span>.<\/span><\/p>\n

\"\"<\/p>\n

\u00a0 \u00a0 \u00a0MINT\u2019s Group CEO, Dillip Rajakarier<\/strong><\/span>\u00a0 C<\/span>ontinued strength in the hospitality sector<\/span> was<\/span> driven by <\/span>RevPar<\/span>growth and market expansion, alongside robust restaurant performance supported by brand innovation and <\/span>growing <\/span>customer <\/span>traffics<\/span>. The Company also successfully enhanced operating leverage, benefitting from its growing asset-light business model, while demonstrating financial discipline through debt reduction.<\/span><\/p>\n

\u00a0 \u00a0 \u00a0Closing the year on a high note, MINT delivered a 269% year-on-year increase in 4Q24 net profit to THB 3,632 million, positioning itself for another year of strong growth and strategic investments in 2025.<\/span><\/p>\n

Hospitality<\/span>: Strong <\/span>RevPar<\/span> Growth & Market Expansion Propel Performance<\/span><\/strong><\/p>\n

MINT\u2019s hotel business continued its strong momentum, benefitting from sustained global travel recovery and successful strategic execution across key markets:<\/span><\/p>\n

\u00a0 \u00a0 \u2022 <\/span>Europe & Americas: <\/span>RevPar<\/span> grew 9% year-on-year, led by a 6% increase in ADR, supported by pricing discipline and steady regional travel. Spain was the strongest performer, followed by Central Europe, Benelux, and Italy.<\/span><\/div>\n
<\/div>\n
\u00a0 \u00a0 \u2022 <\/span>Thailand: <\/span>RevPar<\/span> surged 17% year-on-year, fueled by increased international arrivals, expanded airline routes, and targeted sales strategies attracting high-value travelers from the US, Europe, and Asia.<\/span><\/div>\n

 <\/p>\n

\n

\u00a0 \u00a0 \u00a0MINT\u2019s strategic expansion continued, with the addition of 30 new hotels with over 3,000 rooms in 2024, primarily under an asset-light model, strengthening its footprint in key gateway cities across Asia, the Middle East, Europe, and Oceania. Landmark openings included NH Collection Helsinki Grand Hansa in Finland<\/strong><\/span>,<\/span> Anantara Stanley & Livingstone Victoria Falls Hotel in Zimbabwe<\/span> and <\/span>Anantara Jewel Bagh Jaipur Hotel in Rajasthan, India<\/span>, <\/span>reinforcing MINT\u2019s leadership in high-growth and emerging markets.<\/span><\/strong><\/p>\n<\/blockquote>\n

Restaurants: Innovation & Franchising Drive Growth<\/span><\/strong><\/p>\n

\u00a0 \u00a0 \u00a0Minor Food achieved another year of strong growth, with<\/span> Thailand total system sales increasing 8% and<\/span> Singapore posting 12% system sales growth, driven by same-store<\/span>–<\/span>sales <\/span>and store network <\/span>expansion.<\/span><\/p>\n

\u00a0 \u00a0 \u00a0The Company\u2019s focus on innovation and consumer-driven concepts led to the successful launch of new brands and formats<\/span> such as <\/span>Steak & More (Thailand)<\/span> for<\/span> accessible premium dining options<\/span> and <\/span>BatterCatch<\/span> (Singapore)<\/span>,<\/span> a<\/span> modernized fish & chips concept appealing to urban consumers.<\/span><\/p>\n

\u00a0 \u00a0 Meanwhile, Minor Food accelerates its asset-light expansion through franchising success of its owned acquired global IPs, including Benihana, Sizzler and GAGA, with an opening in Paris for Benihana, multiple openings in Japan and Vietnam for Sizzler, and across Thailand for GAGA. <\/span><\/p>\n

Strengthened Financial Position Supports Growth Acceleration<\/span><\/strong><\/p>\n

\u00a0 \u00a0 \u00a0MINT\u2019s commitment to financial discipline enabled a significant reduction in leverage, achieving key targets:<\/span><\/p>\n

\u2022 <\/span>Net interest-bearing debt to equity improved from 1.0x in 2023 to 0.8x in 2024<\/span><\/div>\n
\u2022 <\/span>Net interest-bearing debt to EBITDA decreased from 4.9x to 4.3x<\/span><\/div>\n

This debt reduction <\/span>of THB 10 billion in 2024 <\/span>enhances financial flexibility, reducing interest costs and providing the capacity to fund high-return growth initiatives.<\/span><\/p>\n

Looking Ahead: 2025 and Beyond<\/span> \u2013 A Clear Path for Value Creation<\/span><\/strong><\/p>\n

\u00a0 \u00a0 \u00a0MINT is poised for another strong year in 2025, leveraging<\/span>c<\/span>ontinued global tourism momentum, with Thailand set to benefit from heightened visibility due to The White Lotus Season 3.<\/span>Additionally, MINT is preparing for <\/span>s<\/span>trategic hotel launches in Singapore, Japan and Saudi Arabia, expanding presence in key high-growth markets<\/span> as well as r<\/span>estaurant growth via brand innovation, format diversification and expanded franchising.<\/span><\/p>\n

As part of its ambitious 2024\u20132027 strategic roadmap, MINT is targeting:<\/span><\/strong><\/p>\n

\u2022 <\/span>Annual revenue CAGR of 6-8%<\/span><\/div>\n
\u2022 <\/span>Core net profit growth of 15-20%<\/span><\/div>\n
\u2022 <\/span>Core ROIC of over 12%<\/span><\/div>\n
\u2022 <\/span>Global portfolio expansion to 850 hotels and 4,000 restaurants by 2027<\/span><\/div>\n

\n","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 \u00a0Minor International Public Company Limited (MINT) has delivered its strongest financial performance to date, with net profit surging 43% year-on-year to THB 7,750 million in 2024. This outstanding result reflects exceptional operational execution, sustained global travel demand and improved financial position. \u00a0 \u00a0 \u00a0MINT\u2019s Group CEO, Dillip Rajakarier\u00a0 Continued strength in the hospitality sector was driven by RevPargrowth and market expansion, alongside robust restaurant performance supported by brand innovation and growing customer traffics. The Company also successfully enhanced operating leverage, benefitting from its growing asset-light business model, while demonstrating financial discipline through debt reduction. \u00a0 \u00a0 \u00a0Closing the year on a high note, MINT delivered a 269% year-on-year increase in 4Q24 net profit to THB 3,632 million, positioning itself for another year of strong growth and strategic investments in 2025. Hospitality: Strong RevPar Growth & Market Expansion Propel Performance MINT\u2019s hotel business continued its strong momentum, benefitting from sustained global travel recovery and successful strategic execution across key markets: \u00a0 \u00a0 \u2022 Europe & Americas: RevPar grew 9% year-on-year, led by a 6% increase in ADR, supported by pricing discipline and steady regional travel. Spain was the strongest performer, followed by Central Europe, Benelux, and Italy. \u00a0 \u00a0 \u2022 Thailand: RevPar surged 17% year-on-year, fueled by increased international arrivals, expanded airline routes, and targeted sales strategies attracting high-value travelers from the US, Europe, and Asia.   \u00a0 \u00a0 \u00a0MINT\u2019s strategic expansion continued, with the addition of 30 new hotels with over 3,000 rooms in 2024, primarily under an asset-light model, strengthening its footprint in key gateway cities across Asia, the Middle East, Europe, and Oceania. Landmark openings included NH Collection Helsinki Grand Hansa in Finland, Anantara Stanley & Livingstone Victoria Falls Hotel in Zimbabwe and Anantara Jewel Bagh Jaipur Hotel in Rajasthan, India, reinforcing MINT\u2019s leadership in high-growth and emerging markets. Restaurants: Innovation & Franchising Drive Growth \u00a0 \u00a0 \u00a0Minor Food achieved another year of strong growth, with Thailand total system sales increasing 8% and Singapore posting 12% system sales growth, driven by same-store–sales and store network expansion. \u00a0 \u00a0 \u00a0The Company\u2019s focus on innovation and consumer-driven concepts led to the successful launch of new brands and formats such as Steak & More (Thailand) for accessible premium dining options and BatterCatch (Singapore), a modernized fish & chips concept appealing to urban consumers. \u00a0 \u00a0 Meanwhile, Minor Food accelerates its asset-light expansion through franchising success of its owned acquired global IPs, including Benihana, Sizzler and GAGA, with an opening in Paris for Benihana, multiple openings in Japan and Vietnam for Sizzler, and across Thailand for GAGA. Strengthened Financial Position Supports Growth Acceleration \u00a0 \u00a0 \u00a0MINT\u2019s commitment to financial discipline enabled a significant reduction in leverage, achieving key targets: \u2022 Net interest-bearing debt to equity improved from 1.0x in 2023 to 0.8x in 2024 \u2022 Net interest-bearing debt to EBITDA decreased from 4.9x to 4.3x This debt reduction of THB 10 billion in 2024 enhances financial flexibility, reducing interest costs and providing the capacity to fund high-return growth initiatives. Looking Ahead: 2025 and Beyond \u2013 A Clear Path for Value Creation \u00a0 \u00a0 \u00a0MINT is poised for another strong year in 2025, leveragingcontinued global tourism momentum, with Thailand set to benefit from heightened visibility due to The White Lotus Season 3.Additionally, MINT is preparing for strategic hotel launches in Singapore, Japan and Saudi Arabia, expanding presence in key high-growth markets as well as restaurant growth via brand innovation, format diversification and expanded franchising. As part of its ambitious 2024\u20132027 strategic roadmap, MINT is targeting: \u2022 Annual revenue CAGR of 6-8% \u2022 Core net profit growth of 15-20% \u2022 Core ROIC of over 12% \u2022 Global portfolio expansion to 850 hotels and 4,000 restaurants by 2027<\/p>\n","protected":false},"author":1,"featured_media":1600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing"],"yoast_head":"\nMINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025 - Bizuget.com l EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bizuget.com\/en\/marketing\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025\" \/>\n<meta property=\"og:description\" content=\"\u00a0 \u00a0 \u00a0Minor International Public Company Limited (MINT) has delivered its strongest financial performance to date, with net profit surging 43% year-on-year to THB 7,750 million in 2024. This outstanding result reflects exceptional operational execution, sustained global travel demand and improved financial position. \u00a0 \u00a0 \u00a0MINT\u2019s Group CEO, Dillip Rajakarier\u00a0 Continued strength in the hospitality sector was driven by RevPargrowth and market expansion, alongside robust restaurant performance supported by brand innovation and growing customer traffics. The Company also successfully enhanced operating leverage, benefitting from its growing asset-light business model, while demonstrating financial discipline through debt reduction. \u00a0 \u00a0 \u00a0Closing the year on a high note, MINT delivered a 269% year-on-year increase in 4Q24 net profit to THB 3,632 million, positioning itself for another year of strong growth and strategic investments in 2025. Hospitality: Strong RevPar Growth & Market Expansion Propel Performance MINT\u2019s hotel business continued its strong momentum, benefitting from sustained global travel recovery and successful strategic execution across key markets: \u00a0 \u00a0 \u2022 Europe & Americas: RevPar grew 9% year-on-year, led by a 6% increase in ADR, supported by pricing discipline and steady regional travel. Spain was the strongest performer, followed by Central Europe, Benelux, and Italy. \u00a0 \u00a0 \u2022 Thailand: RevPar surged 17% year-on-year, fueled by increased international arrivals, expanded airline routes, and targeted sales strategies attracting high-value travelers from the US, Europe, and Asia.   \u00a0 \u00a0 \u00a0MINT\u2019s strategic expansion continued, with the addition of 30 new hotels with over 3,000 rooms in 2024, primarily under an asset-light model, strengthening its footprint in key gateway cities across Asia, the Middle East, Europe, and Oceania. Landmark openings included NH Collection Helsinki Grand Hansa in Finland, Anantara Stanley & Livingstone Victoria Falls Hotel in Zimbabwe and Anantara Jewel Bagh Jaipur Hotel in Rajasthan, India, reinforcing MINT\u2019s leadership in high-growth and emerging markets. Restaurants: Innovation & Franchising Drive Growth \u00a0 \u00a0 \u00a0Minor Food achieved another year of strong growth, with Thailand total system sales increasing 8% and Singapore posting 12% system sales growth, driven by same-store–sales and store network expansion. \u00a0 \u00a0 \u00a0The Company\u2019s focus on innovation and consumer-driven concepts led to the successful launch of new brands and formats such as Steak & More (Thailand) for accessible premium dining options and BatterCatch (Singapore), a modernized fish & chips concept appealing to urban consumers. \u00a0 \u00a0 Meanwhile, Minor Food accelerates its asset-light expansion through franchising success of its owned acquired global IPs, including Benihana, Sizzler and GAGA, with an opening in Paris for Benihana, multiple openings in Japan and Vietnam for Sizzler, and across Thailand for GAGA. Strengthened Financial Position Supports Growth Acceleration \u00a0 \u00a0 \u00a0MINT\u2019s commitment to financial discipline enabled a significant reduction in leverage, achieving key targets: \u2022 Net interest-bearing debt to equity improved from 1.0x in 2023 to 0.8x in 2024 \u2022 Net interest-bearing debt to EBITDA decreased from 4.9x to 4.3x This debt reduction of THB 10 billion in 2024 enhances financial flexibility, reducing interest costs and providing the capacity to fund high-return growth initiatives. Looking Ahead: 2025 and Beyond \u2013 A Clear Path for Value Creation \u00a0 \u00a0 \u00a0MINT is poised for another strong year in 2025, leveragingcontinued global tourism momentum, with Thailand set to benefit from heightened visibility due to The White Lotus Season 3.Additionally, MINT is preparing for strategic hotel launches in Singapore, Japan and Saudi Arabia, expanding presence in key high-growth markets as well as restaurant growth via brand innovation, format diversification and expanded franchising. As part of its ambitious 2024\u20132027 strategic roadmap, MINT is targeting: \u2022 Annual revenue CAGR of 6-8% \u2022 Core net profit growth of 15-20% \u2022 Core ROIC of over 12% \u2022 Global portfolio expansion to 850 hotels and 4,000 restaurants by 2027\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bizuget.com\/en\/marketing\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Bizuget.com l EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-14T08:31:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-17T03:58:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bizuget.com\/en\/wp-content\/uploads\/2025\/02\/IMG_2835-e1739764678305.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/#\\\/schema\\\/person\\\/fb06f3285f23e5ba62448a4743745f2d\"},\"headline\":\"MINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025\",\"datePublished\":\"2025-02-14T08:31:54+00:00\",\"dateModified\":\"2025-02-17T03:58:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/\"},\"wordCount\":589,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bizuget.com\\\/en\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/IMG_2835-e1739764678305.jpeg\",\"articleSection\":[\"Marketing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/\",\"url\":\"https:\\\/\\\/bizuget.com\\\/en\\\/marketing\\\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\\\/\",\"name\":\"MINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025 - 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Bizuget.com l EN","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bizuget.com\/en\/marketing\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\/","og_locale":"en_US","og_type":"article","og_title":"MINT Achieves the Strongest Year with Record 43% Profit Growth, Strengthened Financial Position for Accelerated Expansion in 2025","og_description":"\u00a0 \u00a0 \u00a0Minor International Public Company Limited (MINT) has delivered its strongest financial performance to date, with net profit surging 43% year-on-year to THB 7,750 million in 2024. This outstanding result reflects exceptional operational execution, sustained global travel demand and improved financial position. \u00a0 \u00a0 \u00a0MINT\u2019s Group CEO, Dillip Rajakarier\u00a0 Continued strength in the hospitality sector was driven by RevPargrowth and market expansion, alongside robust restaurant performance supported by brand innovation and growing customer traffics. The Company also successfully enhanced operating leverage, benefitting from its growing asset-light business model, while demonstrating financial discipline through debt reduction. \u00a0 \u00a0 \u00a0Closing the year on a high note, MINT delivered a 269% year-on-year increase in 4Q24 net profit to THB 3,632 million, positioning itself for another year of strong growth and strategic investments in 2025. Hospitality: Strong RevPar Growth & Market Expansion Propel Performance MINT\u2019s hotel business continued its strong momentum, benefitting from sustained global travel recovery and successful strategic execution across key markets: \u00a0 \u00a0 \u2022 Europe & Americas: RevPar grew 9% year-on-year, led by a 6% increase in ADR, supported by pricing discipline and steady regional travel. Spain was the strongest performer, followed by Central Europe, Benelux, and Italy. \u00a0 \u00a0 \u2022 Thailand: RevPar surged 17% year-on-year, fueled by increased international arrivals, expanded airline routes, and targeted sales strategies attracting high-value travelers from the US, Europe, and Asia.   \u00a0 \u00a0 \u00a0MINT\u2019s strategic expansion continued, with the addition of 30 new hotels with over 3,000 rooms in 2024, primarily under an asset-light model, strengthening its footprint in key gateway cities across Asia, the Middle East, Europe, and Oceania. Landmark openings included NH Collection Helsinki Grand Hansa in Finland, Anantara Stanley & Livingstone Victoria Falls Hotel in Zimbabwe and Anantara Jewel Bagh Jaipur Hotel in Rajasthan, India, reinforcing MINT\u2019s leadership in high-growth and emerging markets. Restaurants: Innovation & Franchising Drive Growth \u00a0 \u00a0 \u00a0Minor Food achieved another year of strong growth, with Thailand total system sales increasing 8% and Singapore posting 12% system sales growth, driven by same-store–sales and store network expansion. \u00a0 \u00a0 \u00a0The Company\u2019s focus on innovation and consumer-driven concepts led to the successful launch of new brands and formats such as Steak & More (Thailand) for accessible premium dining options and BatterCatch (Singapore), a modernized fish & chips concept appealing to urban consumers. \u00a0 \u00a0 Meanwhile, Minor Food accelerates its asset-light expansion through franchising success of its owned acquired global IPs, including Benihana, Sizzler and GAGA, with an opening in Paris for Benihana, multiple openings in Japan and Vietnam for Sizzler, and across Thailand for GAGA. Strengthened Financial Position Supports Growth Acceleration \u00a0 \u00a0 \u00a0MINT\u2019s commitment to financial discipline enabled a significant reduction in leverage, achieving key targets: \u2022 Net interest-bearing debt to equity improved from 1.0x in 2023 to 0.8x in 2024 \u2022 Net interest-bearing debt to EBITDA decreased from 4.9x to 4.3x This debt reduction of THB 10 billion in 2024 enhances financial flexibility, reducing interest costs and providing the capacity to fund high-return growth initiatives. Looking Ahead: 2025 and Beyond \u2013 A Clear Path for Value Creation \u00a0 \u00a0 \u00a0MINT is poised for another strong year in 2025, leveragingcontinued global tourism momentum, with Thailand set to benefit from heightened visibility due to The White Lotus Season 3.Additionally, MINT is preparing for strategic hotel launches in Singapore, Japan and Saudi Arabia, expanding presence in key high-growth markets as well as restaurant growth via brand innovation, format diversification and expanded franchising. As part of its ambitious 2024\u20132027 strategic roadmap, MINT is targeting: \u2022 Annual revenue CAGR of 6-8% \u2022 Core net profit growth of 15-20% \u2022 Core ROIC of over 12% \u2022 Global portfolio expansion to 850 hotels and 4,000 restaurants by 2027","og_url":"https:\/\/bizuget.com\/en\/marketing\/mint-achieves-the-strongest-year-with-record-43-profit-growth-strengthened-financial-position-for-accelerated-expansion-in-2025\/","og_site_name":"Bizuget.com l EN","article_published_time":"2025-02-14T08:31:54+00:00","article_modified_time":"2025-02-17T03:58:40+00:00","og_image":[{"width":450,"height":194,"url":"https:\/\/bizuget.com\/en\/wp-content\/uploads\/2025\/02\/IMG_2835-e1739764678305.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 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href=\"https:\/\/bizuget.com\/en\/category\/marketing\/\" rel=\"category tag\">Marketing<\/a>","rttpg_excerpt":"\u00a0 \u00a0 \u00a0Minor International Public Company Limited (MINT) has delivered its strongest financial performance to date, with net profit surging 43% year-on-year to THB 7,750 million in 2024. This outstanding result reflects exceptional operational execution, sustained global travel demand and improved financial position. \u00a0 \u00a0 \u00a0MINT\u2019s Group CEO, Dillip Rajakarier\u00a0 Continued strength in the hospitality…","_links":{"self":[{"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/posts\/1599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/comments?post=1599"}],"version-history":[{"count":1,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/posts\/1599\/revisions"}],"predecessor-version":[{"id":1602,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/posts\/1599\/revisions\/1602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/media\/1600"}],"wp:attachment":[{"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/media?parent=1599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/categories?post=1599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizuget.com\/en\/wp-json\/wp\/v2\/tags?post=1599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}