CKH Holdings (00001) announced its interim results for 2025. Under the IFRS 16 basis, total revenue reached HK$240.663 billion, representing a year-on-year increase of 3.45%. Reported profit attributable to ordinary shareholders was HK$852 million, down 91.65% compared to the same period last year. Underlying profit attributable to ordinary shareholders stood at HK$11.321 billion, up 10.94% year-on-year. The company proposes to distribute an interim dividend of HK$0.71 per share.

In terms of operations, the Group achieved a solid 11% year-on-year growth in underlying profit net of finance costs to HK$11.362 billion for the first half of 2025, calculated on a pre-IFRS 16 basis. This growth was driven by underlying EBITDA and EBIT increasing by 7% and 9% respectively in reporting currency terms compared to the first half of 2024. The improvement was primarily attributable to strong growth in the ports division, improved performance in the retail division, increased contributions from the infrastructure division, and solid performance from both CK Hutchison Group Telecom (CKHGT) and treasury operations, as well as gains from the disposal of certain non-core assets of HUTCHMED.

The first half performance was negatively impacted by lower commodity prices and extensive maintenance and turnaround activities that reduced Cenovus Energy's contribution to growth.

On a pre-IFRS 16 basis, the Group recognized a one-time non-cash loss and related impact of HK$10.922 billion in connection with the UK consolidation. After accounting for this loss, the Group achieved a reported profit attributable to ordinary shareholders of HK$440 million for the six months ended June 30, 2025. The Group also received net cash proceeds of approximately £1.3 billion from the consolidation.