Jardine Cycle & Carriage (Jardine C&C) saw its stock plummet 3.07% during intraday trading, as the company reported disappointing first-half results. The significant drop in share price reflects investors' concerns over the company's financial performance falling short of expectations.

According to the company's filing with the Singapore Exchange, Jardine C&C's attributable profit for the first half of 2025 declined by 23% to $371 million, down from $483 million in the same period last year. Earnings per share also fell by 23% to $0.94, compared to $1.22 in the previous year. While revenue showed a slight increase of 1% year-over-year, reaching $10.8 billion, it fell below analyst estimates of SG$11.3 billion.

Despite the overall decline in profitability, Jardine C&C reported an underlying profit of US$529 million, up 6% year-on-year. The company also declared an interim dividend of $0.28 per share. However, these positive aspects were overshadowed by the significant drop in attributable profit, leading to the sharp decline in stock price as investors reassessed the company's near-term prospects.