CTF Services (00659) Announces Annual Results with Shareholders' Profit Rising 3.73% to HK$2.162 Billion, Final Dividend of HK$0.35 Per Share

Stock News
09/24

CTF Services (00659) announced its annual results for the year ended June 30, 2025, reporting revenue of approximately HK$24.285 billion, representing a year-on-year decrease of 8.09%. Profit attributable to company shareholders increased 3.73% year-on-year to HK$2.162 billion, with basic and diluted earnings per share of HK$0.54. The company proposed a final ordinary dividend of HK$0.35 per share.

For fiscal year 2025, Hong Kong operations accounted for 58% of the Group's attributable operating profit (fiscal year 2024: 59%), while Mainland China contributed 40% (fiscal year 2024: 39%). Adjusted EBITDA, a non-HKFRS measure reflecting the Group's operating profitability, increased 1% year-on-year to HK$7.3158 billion.

Basic earnings per share for fiscal year 2025 was HK$0.54, representing a slight year-on-year decline of 3%, primarily due to a one-time gain of HK$102.7 million recognized in equity in fiscal year 2024 from the redemption of 2019 perpetual capital securities. Excluding this one-time gain, basic earnings per share grew approximately 2% year-on-year, reflecting the Group's stable underlying performance.

As of June 30, 2025, the Group's net debt remained at a healthy level of approximately HK$14.7 billion (June 30, 2024: approximately HK$15.1 billion), representing a slight year-on-year decrease of 3%. The Group's net debt ratio (calculated as net debt divided by total equity) remained at an optimal level of 37% (June 30, 2024: 35%), mainly due to the Group's full redemption of perpetual capital securities with a principal amount of US$268.2 million during fiscal year 2025. This reflects the Group's ability to maintain financial flexibility to support future growth and strategic initiatives while prudently managing and controlling leverage.

Additionally, to thank shareholders for their strong support and create long-term value for shareholders, the company proposed to issue bonus shares on the basis of one bonus share for every ten shares held.

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