Jardine Matheson Holdings Limited on Nov, 21 2025 released its interim management statement for the third quarter of 2025, stating that overall portfolio performance was in line with first-half expectations and that full-year profit guidance is unchanged. Lincoln Pan will assume the role of Chief Executive Officer on Dec, 01 2025, succeeding John Witt.

Astra recorded flat revenue and a small drop in underlying profit versus the prior-year period. In Oct, 2025 Astra and its affiliate United Tractors each began share buy-back programmes of up to 162 million Singapore dollars. Astra also agreed to buy 83.7 % of Mega Manunggal Property and purchased gold miner Arafura Surya Alam for about 729 million Singapore dollars to increase exposure to infrastructure and non-coal mining.

Hongkong Land’s underlying profit fell from the same quarter in 2024, mainly on weaker Hong Kong office income and pre-opening costs for projects in mainland China. During the quarter it sold MCL Land for net proceeds of roughly 887 million Singapore dollars, reaching 50 % of its four-year, 4 billion-Singapore-dollar capital-recycling target. The company completed a 270 million Singapore dollar share buy-back and allocated a further 203 million Singapore dollars to the programme in Sep, 2025.

DFI Retail Group reported a 48 % jump in underlying profit, driven by lower financing costs and stronger contributions from associates after divesting Yonghui and Robinsons Retail. Net cash stood at about 875 million Singapore dollars on Sep, 30 2025, versus net debt of 632 million Singapore dollars at end-2024. A special dividend of approximately 810 million Singapore dollars was paid in Oct, 2025.

Jardine Pacific produced higher underlying net profit year-on-year, while Mandarin Oriental achieved slightly higher net profit as RevPAR grew in most regions. Mandarin Oriental signed three new management agreements and will open its Vienna hotel in the fourth quarter. In Oct, 2025, 13 floors of One Causeway Bay were sold to Alibaba; Jardine Matheson simultaneously offered to acquire the remaining 12 % stake in Mandarin Oriental, aiming for full ownership in early 2026.

At the group level, Jardine Matheson had parent-level net debt of about 34 million Singapore dollars at Oct, 31 2025. A share buy-back programme announced on Nov, 03 2025 is set to return up to 338 million Singapore dollars to shareholders before the end of 2026.

Management said the group’s strong balance sheet and defined strategies leave it well positioned for medium- and long-term growth.