INTERCONTINENTAL HOTELS GROUP PLC /NEW/
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Feb 26, 2026
Use the contents to explore the available documents and sections.
IHG$178.75+1.8%Stored close · as of Nov 6, 2026
Contents
Group statement of changes in equity
| Equity share capital | Capital redemption reserve | Shares held by employee share trusts | Other reserves | Fair value reserve | Cash flow hedge reserves | Currency translation reserve | Retained earnings | IHG share- holders’ equity | Non-controlling interest | Total equity | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | |
| At 1 January 2025 | 137 | 16 | (63) | (2,862) | 25 | 28 | 373 | 34 | (2,312) | 4 | (2,308) |
| Profit for the year | – | – | – | – | – | – | – | 758 | 758 | 1 | 759 |
| Other comprehensive loss | |||||||||||
| Items that may be subsequently reclassified to profit or loss: | |||||||||||
| Gains on cash flow hedges | – | – | – | – | – | 140 | – | – | 140 | – | 140 |
| Gains on net investment hedges | – | – | – | – | – | – | 35 | – | 35 | – | 35 |
| Costs of hedging | – | – | – | – | – | 4 | – | – | 4 | – | 4 |
| Hedging gains reclassified to financial expenses | – | – | – | – | – | (187) | 1 | – | (186) | – | (186) |
| Exchange losses on retranslation of foreign operations | – | – | – | – | (1) | 1 | (91) | – | (91) | – | (91) |
| – | – | – | – | (1) | (42) | (55) | – | (98) | – | (98) | |
| Items that will not be reclassified to profit or loss: | |||||||||||
| Losses on equity instruments classified as fair value through other comprehensive income | – | – | – | – | (1) | – | – | – | (1) | – | (1) |
| – | – | – | – | (1) | – | – | – | (1) | – | (1) | |
| Total other comprehensive loss for the year | – | – | – | – | (2) | (42) | (55) | – | (99) | – | (99) |
| Total comprehensive income for the year | – | – | – | – | (2) | (42) | (55) | 758 | 659 | 1 | 660 |
| Repurchase of shares, including taxes and transaction costs | (2) | 2 | – | – | – | – | – | (882) | (882) | – | (882) |
| Purchase of own shares by employee share trusts | – | – | (15) | – | – | – | – | – | (15) | – | (15) |
| Transfer of treasury shares to employee share trusts | – | – | (34) | – | – | – | – | 34 | – | – | – |
| Release of own shares by employee share trusts | – | – | 55 | – | – | – | – | (55) | – | – | – |
| Equity-settled share-based cost (note 27) | – | – | – | – | – | – | – | 67 | 67 | – | 67 |
| Tax related to share schemes | – | – | – | – | – | – | – | 9 | 9 | – | 9 |
| Equity dividends paid (note 9) | – | – | – | – | – | – | – | (270) | (270) | – | (270) |
| Exchange and other adjustments | 10 | 1 | (2) | (9) | – | – | – | 3 | 3 | – | 3 |
| At 31 December 2025 | 145 | 19 | (59) | (2,871) | 23 | (14) | 318 | (302) | (2,741) | 5 | (2,736) |
| + | Accounting policies and notes on pages 183 to 240 form an integral part of these Group Financial Statements. |
|---|
| Strategic Report | Governance | Group Financial Statements | Parent Company Financial Statements | Additional Information |
| Equity share capital | Capital redemption reserve | Shares held by employee share trusts | Other reserves | Fair value reserve | Cash flow hedge reserves | Currency translation reserve | Retained earnings | IHG share- holders’ equity | Non-controlling interest | Total equity | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | |
| At 1 January 2024 | 141 | 14 | (35) | (2,863) | 23 | (2) | 376 | 396 | (1,950) | 4 | (1,946) |
| Profit for the year | – | – | – | – | – | – | – | 628 | 628 | – | 628 |
| Other comprehensive income | |||||||||||
| Items that may be subsequently reclassified to profit or loss: | |||||||||||
| Losses on cash flow hedges | – | – | – | – | – | (124) | – | – | (124) | – | (124) |
| Losses on net investment hedges | – | – | – | – | – | – | (7) | – | (7) | – | (7) |
| Costs of hedging | – | – | – | – | – | (11) | – | – | (11) | – | (11) |
| Hedging losses reclassified to financial expenses | – | – | – | – | – | 165 | – | – | 165 | – | 165 |
| Exchange gains on retranslation of foreign operations | – | – | – | – | – | – | 4 | – | 4 | – | 4 |
| – | – | – | – | – | 30 | (3) | – | 27 | – | 27 | |
| Items that will not be reclassified to profit or loss: | |||||||||||
| Gains on equity instruments classified as fair value through other comprehensive income | – | – | – | – | 2 | – | – | – | 2 | – | 2 |
| Remeasurement gains on defined benefit plans | – | – | – | – | – | – | – | 4 | 4 | – | 4 |
| – | – | – | – | 2 | – | – | 4 | 6 | – | 6 | |
| Total other comprehensive income for the year | – | – | – | – | 2 | 30 | (3) | 4 | 33 | – | 33 |
| Total comprehensive income for the year | – | – | – | – | 2 | 30 | (3) | 632 | 661 | – | 661 |
| Repurchase of shares, including taxes and transaction costs | (2) | 2 | – | – | – | – | – | (812) | (812) | – | (812) |
| Purchase of own shares by employee share trusts | – | – | (27) | – | – | – | – | – | (27) | – | (27) |
| Transfer of treasury shares to employee share trusts | – | – | (33) | – | – | – | – | 33 | – | – | – |
| Release of own shares by employee share trusts | – | – | 31 | – | – | – | – | (31) | – | – | – |
| Equity-settled share-based cost (note 27) | – | – | – | – | – | – | – | 60 | 60 | – | 60 |
| Tax related to share schemes | – | – | – | – | – | – | – | 15 | 15 | – | 15 |
| Equity dividends paid (note 9) | – | – | – | – | – | – | – | (259) | (259) | – | (259) |
| Exchange adjustments | (2) | – | 1 | 1 | – | – | – | – | – | – | – |
| At 31 December 2024 | 137 | 16 | (63) | (2,862) | 25 | 28 | 373 | 34 | (2,312) | 4 | (2,308) |
| + | Accounting policies and notes on pages 183 to 240 form an integral part of these Group Financial Statements. |
|---|
Group statement of changes in equity continued
| Equity share capital | Capital redemption reserve | Shares held by employee share trusts | Other reserves | Fair value reserve | Cash flow hedge reserves | Currency translation reserve | Retained earnings | IHG share- holders’ equity | Non-controlling interest | Totalequity | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | $m | |
| At 1 January 2023 | 137 | 10 | (37) | (2,856) | 26 | — | 498 | 607 | (1,615) | 7 | (1,608) |
| Profit for the year | – | – | – | – | – | – | – | 750 | 750 | – | 750 |
| Other comprehensive loss | |||||||||||
| Items that may be subsequently reclassified to profit or loss: | |||||||||||
| Losses on cash flow hedges | – | – | – | – | – | (30) | – | – | (30) | – | (30) |
| Gains on net investment hedges | – | – | – | – | – | – | 15 | – | 15 | – | 15 |
| Costs of hedging | – | – | – | – | – | – | – | – | – | – | – |
| Hedging losses reclassified to financial expenses | – | – | – | – | – | 28 | – | – | 28 | – | 28 |
| Exchange losses on retranslation of foreign operations | – | – | – | – | – | – | (137) | – | (137) | – | (137) |
| – | – | – | – | – | (2) | (122) | – | (124) | – | (124) | |
| Items that will not be reclassified to profit or loss: | |||||||||||
| Losses on equity instruments classified as fair value through other comprehensive income | – | – | – | – | (3) | – | – | – | (3) | – | (3) |
| Remeasurement losses on defined benefit plans | – | – | – | – | – | – | – | (2) | (2) | – | (2) |
| – | – | – | – | (3) | – | – | (2) | (5) | – | (5) | |
| Total other comprehensive loss for the year | – | – | – | – | (3) | (2) | (122) | (2) | (129) | – | (129) |
| Total comprehensive income for the year | – | – | – | – | (3) | (2) | (122) | 748 | 621 | – | 621 |
| Repurchase of shares, including taxes and transaction costs | (3) | 3 | – | – | – | – | – | (765) | (765) | – | (765) |
| Purchase of own shares by employee share trusts | – | – | (8) | – | – | – | – | – | (8) | – | (8) |
| Transfer of treasury shares to employee share trusts | – | – | (21) | – | – | – | – | 21 | – | – | – |
| Release of own shares by employee share trusts | – | – | 32 | – | – | – | – | (32) | – | – | – |
| Equity-settled share-based cost (note 27) | – | – | – | – | – | – | – | 51 | 51 | – | 51 |
| Tax related to share schemes | – | – | – | – | – | – | – | 11 | 11 | – | 11 |
| Equity dividends paid (note 9) | – | – | – | – | – | – | – | (245) | (245) | (3) | (248) |
| Exchange adjustments | 7 | 1 | (1) | (7) | – | – | – | – | – | – | – |
| At 31 December 2023 | 141 | 14 | (35) | (2,863) | 23 | (2) | 376 | 396 | (1,950) | 4 | (1,946) |
| + | Accounting policies and notes on pages 183 to 240 form an integral part of these Group Financial Statements. |
|---|
| Strategic Report | Governance | Group Financial Statements | Parent Company Financial Statements | Additional Information |
Group statement of financial position
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.