Core Insights - The company reported a revenue of HKD 20.359 billion for the first half of 2025, representing a year-on-year growth of 6.6% [1] - Shareholders' profit attributable to the company was HKD 4.348 billion, showing a slight increase of 0.9% year-on-year [1] - Basic earnings per share were HKD 1.73, with an interim dividend proposed at HKD 0.73 per share [1] Financial Performance - The company demonstrated robust performance despite geopolitical and economic uncertainties, including political volatility, complex interest rate outlooks, trade barriers, and inflation pressures [1] - As of June 30, 2025, the company held cash reserves of HKD 4.7 billion, with a net debt to total capital ratio maintained at a solid level of 10.6% [1] - When considering the net debt in the infrastructure investment portfolio, the ratio stands at a low industry level of 48.7% [1] Sustainable Development Initiatives - The company is expanding sustainable development projects in the UK and Australia, including smart grid solutions, electric vehicle charging infrastructure, and systems compatible with renewable energy [2] - Clean hydrogen and biomethane projects in the gas distribution network are progressing well in the UK and Australia [2] - The Canadian Power's Okanagan wind power project, UK Renewables Energy wind farms, UK Power Networks Services, and solar business in Australia are also advancing positively, along with the gas generator units of Hong Kong Electric [2]

[Performance Summary](index=1&type=section&id=2025%20Interim%20Results) This section provides an overview of the Group's financial performance and dividend policy for the first half of 2025 [Overall Performance](index=1&type=section&id=Overall%20Performance) CK Infrastructure recorded solid performance in the first half of 2025, with profit attributable to shareholders at HKD 4.348 billion, a 1% year-on-year increase, maintaining robust financial strength despite geopolitical and economic uncertainties Key Financial Data for H1 2025 | Indicator | Amount | YoY Change | | :--- | :--- | :--- | | Profit Attributable to Shareholders | HKD 4.348 billion | +1% | - The Group's performance remained robust despite market uncertainties including volatile political situations, complex interest rate outlooks, trade barriers, and inflationary pressures[3](index=3&type=chunk) [Dividend Growth](index=1&type=section&id=Dividend%20Growth) The Board declared an interim dividend of HKD 0.73 per share for 2025, a 1.4% increase from the prior year, reflecting the company's stable shareholder return policy 2025 Interim Dividend | Item | Amount/Date | | :--- | :--- | | Interim Dividend | HKD 0.73 per share | | YoY Growth | +1.4% | | Register Closing Date | September 11, 2025 | | Payment Date | September 24, 2025 | [Business Review](index=1&type=section&id=Business%20Review) This section details the performance of the Group's various infrastructure operations across different geographical segments [Power Assets](index=1&type=section&id=Power%20Assets) Power Assets contributed HKD 1.095 billion in profit to the Group, a 1% year-on-year increase, with its international operations and HK Electric maintaining stable performance Power Assets Profit Contribution | Item | Amount | YoY Change | | :--- | :--- | :--- | | Profit Contribution | HKD 1.095 billion | +1% | [UK Operations](index=2&type=section&id=UK%20Operations) UK operations' profit contribution increased by 19% year-on-year to HKD 2.223 billion, driven by enhanced contributions from Northumbrian Water, three gas distribution networks, and UK Power Networks UK Operations Profit Contribution | Item | Amount | YoY Change (HKD) | YoY Change (Local Currency) | | :--- | :--- | :--- | :--- | | Profit Contribution | HKD 2.223 billion | +19% | +17% | - Draft determinations for the new regulatory period for NGN and WWU gas networks propose increased returns[7](index=7&type=chunk) - NWG's profit growth benefited from inflation-linked capital value increases, with the company seeking a redetermination from the CMA on new regulatory terms[8](index=8&type=chunk) [Australia Infrastructure Operations](index=3&type=section&id=Australia%20Infrastructure%20Operations) Australia operations' profit contribution decreased by 8% year-on-year to HKD 793 million, impacted by a weak exchange rate, expiry of high-margin contracts, and declining market electricity prices Australia Operations Profit Contribution | Item | Amount | YoY Change (HKD) | YoY Change (Local Currency) | | :--- | :--- | :--- | :--- | | Profit Contribution | HKD 793 million | -8% | -5% | - SA Power Networks (SAPN) commenced a new regulatory period on July 1, 2025, with increased allowed returns and asset base growth[10](index=10&type=chunk) [Continental Europe Infrastructure Operations](index=3&type=section&id=Continental%20Europe%20Infrastructure%20Operations) Continental Europe operations' profit contribution grew 3% year-on-year to HKD 432 million, driven by strong ista performance and progress in Dutch Enviro Energy's waste-to-energy facility reconstruction Continental Europe Operations Profit Contribution | Item | Amount | YoY Change (HKD) | YoY Change (Local Currency) | | :--- | :--- | :--- | :--- | | Profit Contribution | HKD 432 million | +3% | Largely Similar | - The first phase of Dutch Enviro Energy's waste-to-energy facility reconstruction is complete, with power generation expected to resume early next year[13](index=13&type=chunk) [Canada Infrastructure Operations](index=4&type=section&id=Canada%20Infrastructure%20Operations) Canada operations' profit contribution declined 9% year-on-year to HKD 275 million, primarily due to reduced power generation and prices from Canadian Power, despite strong growth from Reliance Home Comfort Canada Operations Profit Contribution | Item | Amount | YoY Change (HKD) | YoY Change (Local Currency) | | :--- | :--- | :--- | :--- | | Profit Contribution | HKD 275 million | -9% | -5% | [New Zealand and Hong Kong/Mainland China Operations](index=4&type=section&id=New%20Zealand%20and%20Hong%20Kong%2FMainland%20China%20Operations) New Zealand operations contributed HKD 80 million in profit, consistent with the prior year, while Hong Kong and Mainland China operations saw a slight 2% increase to HKD 98 million New Zealand, Hong Kong, and Mainland China Operations Profit Contribution | Region | Profit Contribution (HKD) | YoY Change | | :--- | :--- | :--- | | New Zealand | 80 million | Similar | | Hong Kong and Mainland China | 98 million | +2% | [Financial Position and Outlook](index=5&type=section&id=Financial%20Position%20and%20Outlook) This section outlines the Group's financial strength, ongoing sustainable development initiatives, post-balance sheet events, and future strategic outlook [Continued Strong Financial Position](index=5&type=section&id=Continued%20Strong%20Financial%20Position) The Group maintains a robust financial position with HKD 4.7 billion in cash and a stable net debt to total capital ratio of 10.6%, retaining an 'A/Stable' credit rating from S&P Financial Position (June 30, 2025) | Indicator | Value | | :--- | :--- | | Cash Holdings | HKD 4.7 billion | | Net Debt to Total Capital Ratio | 10.6% | | Pro-forma Net Debt to Total Capital Ratio | 48.7% | | S&P Credit Rating | A/Stable | [Sustainable Development Projects](index=5&type=section&id=Sustainable%20Development%20Projects) The Group is actively advancing sustainable development projects in its UK and Australian distribution networks, including smart grids, EV charging, and clean hydrogen/biomethane initiatives, aligning with global decarbonization trends - The Group is advancing sustainable development projects in the UK and Australia, including smart grids, EV charging infrastructure, and clean hydrogen/biomethane initiatives[19](index=19&type=chunk) [Post Balance Sheet Events](index=5&type=section&id=Post%20Balance%20Sheet%20Events) In July 2025, the Group's joint venture signed an agreement to dispose of the UK Rails project, which is expected to significantly reduce the Group's net debt to total capital ratio upon completion - The Group signed an agreement in July 2025 to dispose of the UK Rails project, which is expected to significantly reduce the Group's gearing ratio upon completion[20](index=20&type=chunk) [Outlook](index=6&type=section&id=Outlook) Chairman Mr. Victor Li noted that despite challenging macro conditions, infrastructure modernization and decarbonization present growth opportunities, positioning CK Infrastructure to pursue acquisitions while balancing stability and growth - The company demonstrates strength through its strong recurring income and predictable cash flows amidst global economic uncertainties[21](index=21&type=chunk) - Tightening public finances, rising cost of capital, and infrastructure modernization demands create competitive advantages for financially strong players[21](index=21&type=chunk) - The Group will continue to collaborate with strategic partners like CK Asset and Power Assets to pursue acquisition opportunities, maintaining prudence without a 'must-win' mentality[21](index=21&type=chunk) [Financial Overview and Corporate Governance](index=7&type=section&id=Financial%20Overview%20and%20Corporate%20Governance) This section details the Group's financial resources, treasury management, gearing ratio, and commitment to corporate governance and employee management [Financial Resources, Treasury Arrangements, and Gearing Ratio](index=7&type=section&id=Financial%20Resources%2C%20Treasury%20Arrangements%2C%20and%20Gearing%20Ratio) As of June 30, 2025, the Group held HKD 4.721 billion in cash and deposits and HKD 20.706 billion in total loans, with the net debt to total capital ratio rising to 10.6% due to hedging derivative cash movements Financial Resources Summary (June 30, 2025) | Indicator | Amount (HKD) | | :--- | :--- | | Total Cash and Deposits | HKD 4.721 billion | | Total Loans | HKD 20.706 billion | | Net Debt | HKD 15.985 billion | | Net Debt to Total Capital Ratio | 10.6% | - The Group uses derivatives to hedge currency and interest rate risks, with a total notional amount of **HKD 58.199 billion** for such instruments at period-end[24](index=24&type=chunk) [Employees and Corporate Governance](index=8&type=section&id=Employees%20and%20Corporate%20Governance) As of period-end, the Group employed 2,277 staff with HKD 510 million in employee expenses, maintaining high corporate governance standards and complying with all provisions of the Corporate Governance Code - The Group, excluding associates, employed **2,277 staff** with related expenses of **HKD 510 million**[27](index=27&type=chunk) - The company complied with the Corporate Governance Code under Hong Kong Listing Rules during the reporting period, with established Audit, Remuneration, Nomination, and Sustainability Committees[29](index=29&type=chunk)[30](index=30&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) [Consolidated Financial Statements](index=12&type=section&id=Consolidated%20Financial%20Statements) This section presents the Group's consolidated financial statements, including the income statement, statement of financial position, and segment information [Consolidated Income Statement](index=12&type=section&id=Consolidated%20Income%20Statement) For the six months ended June 30, 2025, the Group's revenue was HKD 20.359 billion, up 6.6% year-on-year, with profit for the period at HKD 4.565 billion and profit attributable to shareholders at HKD 4.348 billion Consolidated Income Statement Summary (Six Months Ended June 30) | Indicator (HKD millions) | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 20,359 | 19,090 | +6.6% | | Profit Before Tax | 4,619 | 4,577 | +0.9% | | Profit for the Period | 4,565 | 4,524 | +0.9% | | Profit Attributable to Company Shareholders | 4,348 | 4,311 | +0.9% | | Earnings Per Share (HKD) | 1.73 | 1.71 | +1.2% | [Consolidated Statement of Financial Position](index=13&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets were HKD 164.622 billion, total liabilities HKD 29.387 billion, and net assets HKD 135.235 billion, with equity attributable to company shareholders at HKD 125.271 billion Consolidated Statement of Financial Position Summary (HKD millions) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Non-Current Assets | 159,050 | 148,365 | | Total Current Assets | 5,572 | 9,472 | | Net Assets | 135,235 | 131,243 | | Equity Attributable to Company Shareholders | 125,271 | 121,280 | [Segment Information](index=16&type=section&id=Segment%20Information) Geographically, the UK was the largest profit contributor at HKD 2.223 billion, up 19%, while Power Assets contributed HKD 1.095 billion, with Australia and Canada declining and Continental Europe, Hong Kong, and Mainland China growing Segment Profit Attributable to Company Shareholders (HKD millions) | Segment | 2025 H1 | 2024 H1 | YoY Change | | :--- | :--- | :--- | :--- | | Power Assets | 1,095 | 1,082 | +1.2% | | UK | 2,223 | 1,865 | +19.2% | | Australia | 793 | 864 | -8.2% | | Continental Europe | 432 | 419 | +3.1% | | Hong Kong and Mainland China | 98 | 96 | +2.1% | | Canada | 275 | 301 | -8.6% | | New Zealand | 80 | 80 | 0.0% |

CK Infrastructure Holdings Limited INTERIM RESULTS 2025 13 AUGUST 2025 CK Infrastructure Holdings Limited Contents Highlights Financial Review and Financial Management International Businesses Updates Sustainability Updates Appendices ▪ Regulated Businesses Updates ▪ M&A Outlooks Key Messages | ▪ Solid Financial | Profit contributions from operations +6% y-o-y | | --- | --- | | ▪ Performance in 1H25 | Profit attributable to shareholders was +1% y-o-y to | | | HK$4.3 billion in 1H25 | | Sustainable Dividend ...

Group 1 - The core viewpoint of the news is that the China Securities Hong Kong 100 Public Utilities Index has shown a slight increase over various time frames, indicating stability in the public utilities sector [1] - The China Securities Hong Kong 100 Public Utilities Index reported a 1.90% increase over the past month, a 1.11% increase over the past three months, and a 1.17% increase year-to-date [1] - The index is based on a sample of securities classified according to the China Securities industry classification standards, with a base date of December 31, 2004, and a base point of 1000.0 [1] Group 2 - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - Within the holdings of the index, thermal power accounts for 61.89% and gas accounts for 38.11% [1] - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: CK Infrastructure Holdings Limited 長江基建集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01038 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 1 HKD | | 4,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 4,000,000,000 | HKD | | 1 HKD ...

格隆汇7月31日丨长江基建集团(01038.HK)宣布，公司将于2025年8月13日（星期三）于香港举行董事会 会议，以（其中包括）批准刊发公司及其附属公司截至2025年6月30日止六个月的中期业绩，以及考虑 派发中期股息。 ...

董事會召開日期 CK Infrastructure Holdings Limited 長江基建集團有限公司（「本公司」）之董事會（「董事 會」）謹此宣佈，本公司將於二零二五年八月十三日（星期三）於香港舉行董事會會議， 以（其中包括）批准刊發本公司及其附屬公司截至二零二五年六月三十日止六個月之 中期業績，以及考慮派發中期股息。 承董事會命 CK Infrastructure Holdings Limited 長江基建集團有限公司 公司秘書 楊逸芝 二零二五年七月三十一日 於本文件日期，本公司之執行董事為李澤鉅先生（主席）、甘慶林先生（集團董事總經理）、 葉德銓先生（副主席）、霍建寧先生（副主席）、陸法蘭先生、甄達安先生（副董事 總經理）、陳來順先生（財務總監）及陳建華小姐；非執行董事為張英潮先生（獨立非執 行董事）、郭李綺華女士（獨立非執行董事）、孫潘秀美女士（獨立非執行董事）、藍鴻震 先生（獨立非執行董事）、 Paul Joseph Tighe 先生（獨立非執行董事）、李王佩玲女士及 麥理思先生；及替任董事為文嘉強先生（為葉德銓先生之替任董事）及楊逸芝女士（為 甘慶林先生之替任董事）。 香港交易及結算所有限公 ...

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong 100 Utilities Index, which has shown an increase of 4.62% over the past month, 3.60% over the past three months, and 2.49% year-to-date [1] - The index is classified according to the China Securities industry classification standards, with a base date of December 31, 2004, and a base point of 1000.0 [1] - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with thermal power accounting for 61.92% and gas accounting for 38.08% of the holdings [1] Group 2 - The index sample is adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Adjustments to the index occur in response to changes in the parent index, special events affecting industry classification, or the delisting of sample companies [2]

Group 1 - The core viewpoint of the news is that the China Hong Kong 300 Infrastructure Index has shown positive performance, with a 4.41% increase over the past month, a 7.48% increase over the past three months, and a 7.41% increase year-to-date [1] - The index is composed of selected securities from the China Hong Kong 300 Index, focusing on various industry themes such as banking, transportation, resources, infrastructure, logistics, and leisure [1] - The index was established on December 31, 2004, with a base point of 1000.0 [1] Group 2 - The top ten weighted holdings in the China Hong Kong 300 Infrastructure Index include China Mobile (34.26%), CLP Holdings (8.4%), Cheung Kong (7.42%), China Telecom (5.2%), Hong Kong and China Gas (4.89%), Power Assets Holdings (4.71%), China Unicom (3.61%), ENN Energy (3.12%), China Resources Power (2.52%), and CK Infrastructure Holdings (2.41%) [1] - The index's holdings are entirely composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - In terms of industry composition, telecommunications services account for 52.05%, utilities for 40.92%, construction and decoration for 4.75%, and transportation for 2.28% [1] Group 3 - The index sample is adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December each year [2] - Weight factors are adjusted in accordance with the sample adjustments, which are fixed until the next scheduled adjustment unless a special circumstance arises [2] - Companies that are delisted or undergo mergers, acquisitions, or spin-offs are handled according to the calculation and maintenance guidelines [2]

Core Viewpoint - The company expresses cautious optimism regarding its business outlook, supported by a total shareholder return of approximately 28% since the beginning of 2024, indicating strong investor support for its stable operations [1] Group 1: Business Performance - The company has consistently increased its dividends annually since its listing in 1996, demonstrating a commitment to creating stable and sustainable value for shareholders [1] - The majority of the company's investment portfolio consists of regulated projects, which provide resilient earnings and cash flow [1] Group 2: Acquisitions and Financial Position - The company completed several acquisitions last year, including projects in Northern Ireland and the UK, which were deemed successful [2] - As of the end of 2024, the company holds approximately 8 billion HKD in cash, with a healthy net debt to net total capital ratio of 7.8%, positioning it well for future growth and acquisition opportunities [1][2] Group 3: Regulatory Environment and Market Conditions - The company’s operations are primarily in regulated sectors, which are relatively stable and less affected by tariffs [2] - The company is preparing for regulatory resets for nine of its regulated businesses in 2025 or 2026, with recent resets showing improved allowed profits and return rates due to inflation and rising capital expenditure [2] Group 4: Future Listing and Financial Discipline - The company is set to officially list on the London Stock Exchange on August 19, 2024, which is expected to enhance financing channels for future acquisitions [2] - The company emphasizes strict financial prudence and discipline in its acquisition strategy, avoiding a "must-win" mentality [2]