Hong Kong · Delayed Price · Currency is HKD Swire Properties Earnings Call Transcripts
Fiscal Year 2026
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Underlying profit rose 11% to HKD 4.9 billion, driven by strong residential and retail performance in Hong Kong and the Chinese mainland. The company maintained high occupancy, robust sales growth, and increased its interim dividend by 6%, while progressing on its HKD 100 billion investment plan.
Fiscal Year 2025
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Underlying profit rose 27% to HKD 8.62 billion, driven by asset disposals and resilient retail and office portfolios. Dividend increased 5% for the ninth consecutive year, with strong progress on the HKD 100 billion investment plan and robust sustainability achievements.
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Underlying profit rose 15% to HKD 4.42 billion, driven by Miami asset disposals, while recurring profit fell 4% due to Hong Kong office softness. Retail and Chinese mainland segments showed resilience, with strong liquidity, stable gearing, and continued dividend growth.
Fiscal Year 2024
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Recurring underlying profit fell 11% to HKD 6.5 billion, mainly due to lower Hong Kong office rental income and higher finance charges, while the dividend per share rose 5%. The company committed 67% of its HKD 100 billion investment plan, maintained strong occupancy, and advanced capital recycling and sustainability initiatives.
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Underlying profit for H1 2024 declined 1% to HKD 3.9 billion, with resilient performance in Chinese mainland retail and strong balance sheet metrics. A HKD 1.5 billion share buyback and 3% dividend increase were announced, while the investment pipeline remains robust despite market headwinds.