FIRST PACIFIC Reports 22.9% Decline in Interim Profit Attributable to Shareholders, Reaching $301.5 Million

Stock News
Aug 27

FIRST PACIFIC (00142) has announced its interim results for the six months ended June 30, 2026, revealing a turnover of $5.3163 billion, marking a 5.7% increase year-on-year. However, profit attributable to owners of the parent company saw a decline of 22.9%, totaling $301.5 million, with basic earnings per share of 7.09 US cents. An interim dividend of 13 HK cents per share has been proposed.

During the first half of 2026, the core operating companies of FIRST PACIFIC demonstrated strong financial resilience. Nevertheless, the average depreciation of the Philippine peso by 5.6% and the Indonesian rupiah by 4.9% compared to the same period last year led to a decrease in results when valued in US dollars; at constant exchange rates, recurring profit increased by 3%.

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