Ghion Hotel has reported a net profit of 47.6 million birr for the fiscal year ending June 30, 2025, demonstrating resilience in Ethiopia’s hospitality sector despite mounting operational expenses.
According to birrmetrics.com , the state-owned landmark hotel achieved the positive earnings performance as improved revenue streams helped cushion the impact of rising utility, staffing and maintenance costs during the review period.
Annual revenue rose to 256.46 million birr, up 15.9 percent from 221.26 million birr the previous year, according to an independent audit by Getachew Wakjira Chartered Certified Accountant. The auditor issued an unqualified opinion, confirming that the financial statements fairly represent the enterprise’s financial position as of June 30, 2025.
The hotel faced higher operating expenses during the period. Cost of sales increased to 49.87 million birr from 35.71 million birr, while general and administrative expenses surged to 146.83 million birr from 111.39 million birr. Profit tax for the year was calculated at 24.39 million birr. Despite these pressures, gross profit remained robust at 206.59 million birr.
Founded on a property originally built as a private residence by Emperor Haile Selassie for Prince Sahle Selassie and converted to a hotel in 1951, Ghion Hotel has grown into one of Ethiopia’s best‑known hospitality institutions, balancing heritage charm with commercial operations.
The enterprise’s balance sheet shows a solid asset base valued at 1.506 billion birr, with land rights accounting for 997.44 million birr and property, plant and equipment at 375.41 million birr. Cash and equivalents rose to 66.32 million birr from 46.10 million birr, total equity stood at 1.349 billion birr, and total liabilities declined slightly to 156.93 million birr from 164.77 million birr in the prior year.
