LIPTOVSKÝ MIKULÁŠ (31 July 2025) – Tatry mountain resorts, a.s. (“TMR”, the “Company”) today announced its financial results for the first six months of the 2024/2025 financial year, as of 30 April 2025. The Group’s consolidated revenues for this period increased by 2.1% to EUR 129.5 million. Operating profit before depreciation (EBITDA) slightly decreased by 0.7% to EUR 47.1 million, and net profit reached EUR 17.5 million.
Key performance indicators in individual segments showed growth compared to the previous half-year, which reflected in higher revenues.
„ We consider the 2024/25 winter season to have been successful. Despite facing challenges such as limited natural snowfall and fluctuating weather conditions, we achieved growth compared to the first half of the previous fiscal year. This positive performance was driven by the strength of our snowmaking infrastructure and thorough pre-season preparations. Notably, operations at our largest resort, Jasná, began as early as late November, with the ski season spanning an impressive 142 days. We also recorded strong revenue growth in our international mountain resorts in the Czech Republic, Poland, and Austria. On the contrary, the amusement park segment underperformed, primarily due to a lower visitor turnout, with Legendia falling short of expectations. In the Hotels segment, we successfully increased both the average room rate and occupancy levels, primarily through bundled packages that included ski passes and water park access. Ancillary services further contributed to overall performance, with restaurant revenues rising by 14.3% and the Sports Services and Retail segment reporting a 13.8% increase in sales. Total consolidated revenues for the Group reached EUR 129.5 million, representing a 2,1% year-over-year increase. Operating profit (EBITDA) declined slightly by 0.7% to EUR 47.1 million“commented Igor Rattaj, Chairman of the Board of Directors and CEO of TMR.
During the observed six-month period, the TMR Group (Tatry mountain resorts, a.s., and its subsidiaries) achieved consolidated total revenues of EUR 129.5 mil., representing a 2.1% year-on-year growth.
The largest segment, Mountain resorts, generated revenues of EUR 61.528 mil., a year-on-year increase of 1.3%. Revenues in the Leisure parks decreased to EUR 9.815 mil. The Golf segment achieved revenues of EUR 290 ths. Revenues from the Dining facilities increased to EUR 18.194 mil. Sport services & Stores, correlated somewhat with the performance of Mountain Resorts, recorded an increase in revenues, totaling EUR 5.334 mil. The Hotels segment recorded a revenue increase to EUR 34.421 mil. In the Real Estate segment during the observed six-month period TMR reported revenues of EUR 0.150 mil.
The number of skier days in Mountain Resorts was 1.0% higher year-on-year and reached the level of 2.148 mil. (1.993) skier days. Leisure Parks saw a 5.4% decrease in attendance during the observed period, with a total of 672 ths. visitors in the first half of the financial year (711). Legendia experienced a year-on-year decline in attendance due to unfavorable weather. For water parks Tatralandia and Bešeňová, attendance decreased by 4.1% year-on-year, reaching 580 ths. visitors (605). The decline was primarily attributable to the fact that, in the previous year, guests more frequently opted for water parks due to unfavorable weather conditions in the mountains.
The average occupancy of the hotel portfolio rises by 2.0 percentage points to 60.9%. Average daily rate (ADR) increased from EUR 124.5 to EUR 140.75
The EBITDA indicator slightly decreased by 0.7% year-on-year, reaching EUR 47.1 mil. The operating profitability, expressed as EBITDA margin, declined by 1.0 percentage points to 36.3%. The net profit reached EUR 17.5 mil., and the Earnings per Share (EPS) were reported at EUR 1.339.
By the end of the 2024/25 fiscal year, the Board of Directors presented a financial plan with annual consolidated revenues of EUR 218.0 mil. Earnings before interest, taxes, depreciation and amortization (EBITDA) are planned for EUR 60.2 mil. The results for the remainder of the fiscal year will depend mainly on the summer season in the mountain resorts, leisure parks, TMR hotels, and ancillary services.
Detailed results are available at https://tmr.sk/en/investor-relations/shares/financial-results
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The company Tatry mountain resorts, a.s. (TMR) is a leading entity in the field of tourism in Central and Eastern Europe, which owns or leases and operates attractive mountain resorts, amusement parks, golf resort, restaurants, sports services, shops, and hotels. In the Low Tatras in Slovakia, TMR owns and operates the Jasná Nízke Tatry resort and the hotel’s Grand Jasná, Hotel Tri Studničky, Chalets Jasná Collection, Hotel Srdiečko, Hotel Pošta, Night at Mt. Chopok, Hotel SKI, Hotel Liptov and Hotel Ostredok. TMR is also the owner of the water parks Tatralandia and Bešeňová. These are the largest water parks operating year-round, offering accommodation in bungalows and apartments in Holiday Village Tatralandia and in the hotels Bešeňová, Galeria Thermal Bešeňová, and Hotel Akvamarín Bešeňová. In the High Tatras, TMR owns and operates the Vysoké Tatry resort with mountain locations Tatranská Lomnica, Starý Smokovec, and Štrbské Pleso. In the Slovak High Tatras, TMR also owns the hotels Grandhotel Praha Tatranská Lomnica, Grandhotel Starý Smokovec, Hotel FIS Štrbské Pleso, Horec Apartments Tatranská Lomnica and Night at Mt. Lomnickom štít. In Austria, the Group owns and operates the alpine resort on the Mölltaler Gletscher glacier and its sister resorts Ankogel Mallnitz and Muttereralm Innsbruck. In the Czech Republic, TMR also holds a minority stake in Melida, a.s., which leases and operates the Špindlerův Mlýn resort. TMR also leases and operates the Czech ski area Ještěd, Golf & Ski Resort Ostravice, and leases the Kaskáda Golf Resort Brno, where it oversees the operation of the hotel, restaurant, and congress center. In Poland, TMR owns and operates the mountain resort Szczyrk Mountain Resort and Legendia – Silesian Amusement Park (Śląskie Wesołe Miasteczko). In the real estate projects, the Group primarily focuses on the development, construction, and sale of apartments and commercial spaces and the leasing of hotels in TMR resorts. By the end of the 2024 fiscal year, approximately EUR 485 mil., has been reinvested in the development and modernization of TMR resorts. TMR shares are traded on three European stock exchanges in Bratislava, Prague, and Warsaw.