Hong Kong · Delayed Price · Currency is HKD COSCO SHIPPING Ports Earnings Call Transcripts
Fiscal Year 2026
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Throughput, revenue, and profit all saw robust year-on-year growth, driven by operational efficiency, cost control, and expansion in both China and overseas markets. The company maintained a strong balance sheet, stable dividend policy, and advanced digital and ESG initiatives.
Fiscal Year 2025
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Record throughput and revenue growth in 2025, with strong expansion in emerging markets and robust digital and green initiatives. Overseas terminal profits surged 22.9%, and the company maintained a stable 40% dividend payout. Net debt-to-equity ratio remained low at 25.1%.
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Double-digit growth in throughput and profits was achieved in H1 2025, with revenue up 13.6% and net profit up 30.6% year-on-year. Overseas terminals drove strong profit growth, while cost control and smart port initiatives enhanced margins. Outlook remains positive despite global uncertainties.
Fiscal Year 2024
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Steady growth in 2024 with throughput up 6.1% and revenue up 3.3% year-on-year, despite global uncertainties. Focus remains on emerging markets, digital and green transformation, and optimizing global terminal portfolio. CapEx for 2025 is set at $967 million.
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Equity throughput rose 6.3% and total throughput 8.2% year-on-year in H1 2024, with strong growth in China and overseas terminals. Profit attributable to equity holders declined 7.4%, but net finance costs fell 2.4% amid high interest rates.