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Minor Profit Soars 21%, Accelerating Business Expansion with Asset-Light Model

Minor Profit Soars 21%, Accelerating Business Expansion with Asset-Light Model

Thansettakij•Economy•1d ago

Reader Briefing

Minor Corporation reported a 21% profit increase for the full year 2025, driven by strong performance across its hotel and food divisions and a strategic shift towards an asset-light model.

  • •Minor Corporation's profit increased by 21% to 9,700 million baht for the full year 2025.
  • •The company is accelerating its expansion through an asset-light model, focusing on management contracts and franchising.
  • •Minor Hotels saw a 32% increase in operating profit in Q4 2025, driven by strong performance in Europe, Thailand, and the Maldives.
  • •Minor Food reported a 6% increase in operating profit in Q4 2025, with significant improvements in Australia and China.
  • •The company aims for continued growth in 2026, with a focus on financial strength and strategic expansion.

Overview

  • •For the full year 2025, profit reached 9,700 million baht, a 21% increase year-on-year.
  • •The company's performance was boosted by strong global travel demand and disciplined operations.
  • •As of the end of 2025, the net debt-to-equity ratio improved to 0.86 times from 0.90 times.
  • •Minor Hotels' operating profit in Q4 2025 increased by 32% compared to the previous year.
  • •Minor Hotels' net profit for the full year 2025 increased by 32%.
  • •Minor Food's operating profit in Q4 2025 increased by 6% compared to the previous year.
  • •Minor Food's net profit for the full year 2025 increased by 5%.
  • •Dilip Rajakaria, MINT Group CEO, stated that they enter 2026 with clear growth, a stronger financial position, and accelerated momentum for the Asset-Light expansion strategy.

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Source: Thansettakij (Original)

Key Quotes

Dilip Rajakaria
"The 2025 performance reflects MINT's diverse global business platform strength and our ability to transform revenue momentum into higher quality profit. We enter 2026 with clear growth, a stronger financial position, and accelerated momentum for the Asset-Light expansion strategy."
ผลการดำเนินงานในปี 2025 สะท้อนถึงความแข็งแกร่งของแพลตฟอร์มธุรกิจระดับโลกที่มีความหลากหลายของ MINT และความสามารถของเราในการแปลงโมเมนตัมของรายได้ให้เป็นกำไรที่มีคุณภาพสูงขึ้น เราก้าวเข้าสู่ปี 2026 ด้วยความชัดเจนของการเติบโต ฐานะการเงินที่แข็งแกร่งขึ้น และแรงส่งที่เร่งตัวของกลยุทธ์การขยายธุรกิจแบบ Asset-Light
Dilip Rajakaria
"For Minor Hotels, we anticipate another record-breaking year for signing hotel management contracts and Master Agreements for multiple hotel expansions, alongside continuous growth in branded residences."
สำหรับไมเนอร์ โฮเทลส์ เราคาดว่าจะมีอีกหนึ่งปีที่สร้างสถิติใหม่ของการลงนามสัญญาบริหารโรงแรมและสัญญา Master Agreement สำหรับการขยายโรงแรมในหลายโครงการ ควบคู่กับการเติบโตอย่างต่อเนื่องของธุรกิจที่พักอาศัยภายใต้แบรนด์โรงแรม
Dilip Rajakaria
"For Minor Food, we see significant expansion opportunities in Southeast Asia and India, driven by strong brands and high franchise demand."
ขณะที่ไมเนอร์ ฟู้ด เรายังเห็นโอกาสการขยายธุรกิจอย่างมีนัยสำคัญในเอเชียตะวันออกเฉียงใต้และอินเดีย จากแบรนด์ที่ขยายตัวได้ดีและความต้องการแฟรนไชส์ที่สูง

Key Entities

Organization

Minor(ไมเนอร์)ℹ️
The company that reported a 21% profit increase and is accelerating its business expansion with an asset-light model.
MINTℹ️
Abbreviation used to refer to Minor Corporation in the article, highlighting its global business platform and asset-light strategy.
Minor Hotels(ไมเนอร์ โฮเทลส์)ℹ️
The hotel division of Minor Corporation, which reported a 32% increase in operating profit in Q4 2025 and is focusing on asset-light expansion.
Minor Food(ไมเนอร์ ฟู้ด)ℹ️
The food division of Minor Corporation, which reported a 6% increase in operating profit in Q4 2025 and is seeking expansion in Southeast Asia and India.
Colbert Collection
A brand launched in the UK as part of Minor Hotels' strategic expansion.
GAGA
A brand under Minor Food that is driving customer numbers and same-store sales through product innovation.
Burger Kingℹ️
A brand under Minor Food driving customer numbers and same-store sales through product innovation.
Bonchonℹ️
A brand under Minor Food that is driving customer numbers and same-store sales through product innovation and a key franchise partner.
Sizzler Thailand
A brand under Minor Food that introduced a healthy buffet and expanded salad bar in Bangkok.
Dairy Queenℹ️
A brand under Minor Food that opened new outlets in Thailand and Indonesia.
Poulet
A brand introduced by Minor Food into the Indonesian market.
Sanook Kitchen
A brand under which Minor Food is expanding into India.
Scoop Wonder
A brand under which Minor Food is expanding into India.

Person

Dilip Rajakaria(นายดิลลิป ราชากาเรีย)ℹ️
CEO of MINT Group, who provided insights into the company's performance and future strategies.

Place

Europe(ยุโรป)ℹ️
A key region contributing to the strong performance of Minor Hotels.
Thailand(ประเทศไทย)ℹ️
A key market contributing to the strong performance of Minor Hotels and a focus for expansion for Minor Food.
Maldives(มัลดีฟส์)ℹ️
A significant destination contributing to the strong performance of Minor Hotels.
Australia(ออสเตรเลีย)ℹ️
A country where Minor Food reported significant operational improvements.
China(จีน)ℹ️
A country where Minor Food reported significant operational improvements and is a target for expansion.
Kiara Reserve Phuket
A branded residence project with sales already exceeding 50%, expected to be fully delivered in 2026.

Policy

Asset-Light
The business model Minor Corporation is accelerating for business expansion, focusing on management contracts and franchising.

Product

Branded Residences
A growing segment for Minor Hotels, contributing to high-profit margins and recurring fee income.