Crieff Hydro has reported a 6% growth in revenue in its annual accounts.
The figures for the year to February 2014 showed an increase in revenues from £17,713,775 to £18,845,916.
Profits rose 4.8% to £663,615.
It recently opened food outlet Piccolo and purchased all remaining shares of Peebles Hydro Limited, parent firm of Peebles Hydro and The Park Hotel.