Singapore · Delayed Price · Currency is SGD Jardine Cycle & Carriage Earnings Call Transcripts
Fiscal Year 2026
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Underlying profit fell 11% year-on-year to $473 million, with portfolio optimization releasing $334 million and a special dividend of $0.73 per share proposed. Indonesian operations face macroeconomic headwinds, while Vietnam and Singapore segments show mixed performance.
Fiscal Year 2025
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Underlying profit rose 1% to $1.11 billion in 2025, with strong TSR and improved balance sheet despite revenue decline. Indonesia faced headwinds, but Vietnam and Singapore delivered growth, and major acquisitions and divestments supported capital management.
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Underlying profit for H1 2025 rose 6% year-over-year to $529 million, with strong contributions from Vietnam and Singapore offsetting weaker results in Indonesia. Interim dividend was maintained at $0.28 per share, and the group continued to strengthen its balance sheet and pursue strategic investments.
Fiscal Year 2024
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Underlying profit for 2024 was $1.1 billion, down 5% year-over-year, with resilient performance despite FX headwinds. Portfolio reorganization, debt reduction, and capital recycling supported growth, while ESG progress and strong segment results in Indonesia and Vietnam were highlighted.
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Underlying profit for H1 2024 fell 14% year-over-year to SGD 500 million, mainly due to FX impacts and lower earnings, but interim dividend was maintained. Indonesia and Vietnam segments saw declines, while new EV initiatives and portfolio restructuring were highlighted.