Singapore · Delayed Price · Currency is SGD · Price in USD Jardine Matheson Holdings Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 performance with 9% adjusted profit growth, robust cash flow, and increased dividends. Portfolio simplification, capital recycling, and the I-MED acquisition support long-term TSR goals, while guidance remains cautious due to Indonesia's uncertainty.
Fiscal Year 2025
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Strong 2025 results with 11% underlying net profit growth, $4.8B capital recycled, and five-year TSR up to 8.8%. Dividend per share increased to $2.35, and the parent company moved to a net cash position, supporting future investments.
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Underlying net profit rose 45% to $798 million, with strong performances across most portfolio companies and significant progress in portfolio simplification and capital recycling. Full-year results are expected to be in line with last year, with a focus on deleveraging and strategic reviews continuing.
Fiscal Year 2024
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Sharpened investment focus and portfolio simplification drove resilient 2024 results, with underlying profit down 11% due to property impairments but stable core business performance. Capital allocation prioritizes organic growth, balance sheet strength, and selective M&A, with stable 2025 outlook.
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Underlying profit and EPS fell by a third year-over-year, mainly due to impairments in Hongkong Land and weaker results at Astra and Zhongsheng. DFI delivered strong profit growth, while the group maintained a stable interim dividend and strong liquidity.