COSCO SHIP PORT (01199) Reports Interim Results with Profit Attributable to Equity Holders Rising 30.6% YoY to Approximately US$182 Million, Interim Dividend of 15.1 HK Cents Per Share

Stock News
2025/08/28

COSCO SHIP PORT (01199) announced its interim results for 2025, with revenue increasing 13.6% year-on-year to US$806 million and gross profit rising 10.3% to US$219 million. Profit attributable to equity holders of the company surged 30.6% year-on-year to approximately US$182 million, with basic earnings per share of 4.82 US cents and an interim dividend of 15.1 HK cents per share.

Among the key contributors, Piraeus Container Terminal achieved revenue of approximately US$178 million, up 27.9% year-on-year, driven by increased throughput and storage income as well as rate improvements. CSP Spain-related companies generated revenue of approximately US$178 million, up 13.1% year-on-year due to increased throughput. Guangzhou Nansha Seaport Terminal recorded revenue of approximately US$100 million, up 10.6% year-on-year, benefiting from higher throughput and storage income. CSP Zeebrugge Terminal NV achieved revenue of US$26.719 million, up 32.0% year-on-year due to increased throughput.

Additionally, COSCO SHIPPING Ports Chancay PERU S.A. (CSP Chancay Terminal) began trial operations in November 2024 and commenced full operations in the first half of 2025, generating revenue of US$22.211 million in the first half of 2025 (compared to nil in the same period of 2024).

Total throughput increased 6.4% year-on-year to 74,295,971 TEU, with controlling terminals' total throughput rising 3.6% to 16,482,018 TEU and non-controlling terminals' total throughput growing 7.2% to 57,813,953 TEU. Equity throughput increased 3.8% year-on-year to 22,879,575 TEU, comprising controlling terminals' equity throughput of 9,691,543 TEU (up 0.4%) and non-controlling terminals' equity throughput of 13,188,032 TEU (up 6.4%).

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