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 in H1 2026, driven by strong performance in both China and overseas terminals, effective cost control, and expansion into emerging markets. The company maintained a low net debt-to-equity ratio and improved its ESG ratings.
Fiscal Year 2025
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Record throughput and revenue growth in 2025 were driven by strong domestic and overseas performance, with significant advances in digitalization and green initiatives. The company maintains a stable dividend policy and targets further expansion in emerging markets while managing geopolitical risks.
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Double-digit growth in throughput and profits was achieved in H1 2025, with net profit up 30.6% and strong performance in both domestic and overseas terminals. Management maintains a positive long-term outlook, focusing on digitalization, green initiatives, and global expansion despite ongoing geopolitical and trade risks.
Fiscal Year 2024
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Steady growth in 2024 with throughput up 6.1% and revenue up 3.3%, despite global uncertainties. Focus remains on emerging markets, digitalization, and green initiatives, with 2025 CapEx planned at $967 million and continued progress toward carbon neutrality by 2050.
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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 select overseas terminals. Revenue and gross profit increased, while net finance costs fell despite high rates. Strategic investments and digital transformation continue to drive future growth.