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Results

Six months ended 30th June Note 2026
HK$M
2025
HK$M
Change
in %
Revenue 9,413 8,723 8%
Profit/(Loss) attributable to the Company’s shareholders  
Underlying (a), (b) 4,900 4,420 11%
Recurring underlying (a), (b) 4,661 3,420 36%
Reported 3,631 (1,202) N/A
Cash generated from operations 6,456 6,103 6%
Net cash inflow before financing 4,166 6,683 -38%

HK$

HK$
Earnings/(Loss) per share  
Underlying (c) 0.85 0.76 12%
Recurring underlying (c) 0.81 0.59 37%
Reported (c) 0.63 (0.21) N/A
Dividend per share  
First interim 0.37 0.35 6%

Financial Position

Financial Position Note 30th June
2026
HK$M
31st December
2025
HK$M
Change
in %
Total equity (including non-controlling interests) 272,975 271,342 1%
Net debt 40,268 39,540 2%
Gearing ratio (a) 14.8% 14.6% 0.2%pt.

HK$

HK$
Equity attributable to the Company’s shareholders per share (a), (d) 47.08 46.80 1%
(a) Refer to glossary on page 71 for definition.
(b) A reconciliation between reported profit/(loss) and underlying profit attributable to the Company’s shareholders is provided on page 9.
(c) Refer to note 11 to the financial statements for the weighted average number of shares.
(d) Refer to note 25 to the financial statements for the number of shares at the period end.

Underlying profit / (loss) by segment

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