2025 INTERIM RESULTS | ANALYSTS BRIEFING 7TH AUGUST 2025 DISCLAIMER This presentation has been prepared by Swire Properties Limited (the "Company", together with its subsidiaries, the "Group") solely for information purposes and the information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the accuracy, fairness, completeness, reasonableness or correctness of the information or opinions presented h ...

Core Viewpoint - Swire Properties (01972) reported a strong performance for the first half of 2025, with significant revenue and profit growth, leading to a positive market reaction with a nearly 3% increase in stock price [1] Financial Performance - The company reported a revenue of HKD 8.723 billion, representing a year-on-year increase of 20% [1] - Shareholder's basic profit reached HKD 4.42 billion, up 15% year-on-year [1] - Basic earnings per share were HKD 0.76, with an interim dividend of HKD 0.35 per share, reflecting a 3% increase [1] Key Drivers - The profit increase was primarily driven by the sale of interests in Brickell City Centre mall, parking spaces, and several shared facilities, as well as profits from adjacent land [1] - Citigroup's report indicated that the recurring basic profit decreased by 4% to HKD 3.42 billion, achieving 55% of the bank's full-year forecast for the company [1] Dividend Policy - The interim dividend payout ratio based on basic profit stands at 52%, aligning with the company's target of single-digit growth in dividends [1] - The company did not announce any new share buyback plans during the period, which may lead to initial negative reactions in the stock price [1]

花旗发布研报称，太古地产上半年基本溢利增加15%至44.2亿元，经常性基本溢利减少4%至34.2亿元， 达到该行对公司全年预测的55%，胜于预期。期内，派中期息35港仙，同比增长3%，达到其股息录中 个位数升幅的目标，意味着以基础利润的派息比率为52%。报告提到，上半年太古地产并未宣布新的回 购计划，预计股价或会初步作出负面反应。 消息面上，太古地产午间发布2025年中期业绩，集团收入87.23亿港元，同比增长20%；股东应占基本 溢利44.2亿港元，同比增长15%；每股基本盈利0.76港元；第一次中期息每股0.35港元。公告指出， 2025年上半年基本溢利增加15%至44.2亿港元，主要反映出售Brickell City Centre商场、车位、若干共用 设施的权益，以及Brickell City Centre商场毗邻土地所得溢利。 智通财经APP获悉，太古地产(01972)涨近3%，截至发稿，涨2.72%，报21.16港元，成交额4355.73万港 元。 ...

Group 1 - The core viewpoint of the article highlights that Swire Properties (01972) reported a 20% year-on-year increase in revenue for the first half of 2025, amounting to HKD 8.723 billion, and a 15% increase in net profit attributable to shareholders, reaching HKD 4.42 billion [1][1][1] - The company declared an interim dividend of HKD 0.35 per share, representing a 3% increase compared to the previous year, with a payout ratio of 52% based on underlying profits [1][1][1] - Citigroup's report indicates that Swire Properties' recurring net profit decreased by 4% to HKD 3.42 billion, achieving 55% of the bank's full-year forecast, which is better than expected [1][1][1] Group 2 - The increase in basic profit is attributed to the sale of interests in Brickell City Centre mall, parking spaces, and certain common facilities, as well as profits from adjacent land [1][1][1] - The stock price of Swire Properties rose nearly 3% to HKD 21.16, with a trading volume of HKD 43.5573 million at the time of reporting [1][1][1] - The report mentions that no new share buyback plan was announced during the period, which may lead to an initial negative reaction in the stock price [1][1][1]

8月7日，太古地产发布2025年中期业绩。期内，企业实现收入87.23亿港元，同比增长20%；公司股东 应占基本溢利44.2亿港元，同比增长15%；股东应占呈报亏损12.02亿港元，上年同期盈利17.96亿港 元。 ...

Core Viewpoint - Citigroup's research report indicates that Swire Properties (1972.HK) reported a 15% increase in basic profit to HKD 4.42 billion for the first half of the year, while recurring basic profit decreased by 4% to HKD 3.42 billion, achieving 55% of the bank's annual forecast, which is better than expected [1] Financial Performance - Basic profit increased by 15% to HKD 4.42 billion [1] - Recurring basic profit decreased by 4% to HKD 3.42 billion [1] - The interim dividend declared was HKD 0.35, representing a 3% year-on-year growth, aligning with the company's target of single-digit growth in dividends [1] - The payout ratio based on basic profit stands at 52% [1] Market Expectations - The report notes that Swire Properties did not announce any new buyback plans during the period, which may lead to an initial negative reaction in the stock price [1] - The market is expected to focus on Swire Properties' latest rental outlook, commercial property pipeline, and financial management during the upcoming earnings briefing [1] - Citigroup has set a target price of HKD 22.2 for Swire Properties, maintaining a "Buy" rating [1]

2025年上半年基本溢利增加15%至44.2亿港元，主要反映出售Brickell City Centre商场、车位、若干共用 设施的权益，以及Brickell City Centre商场毗邻土地所得溢利。股东应占经常性基本溢利减少4%至34.2 亿港元，主要反映香港办公楼租金收入下降，以及准备在未来数年推出多项住宅买卖项目所涉及的销售 和市场推广开支增加。 本文源自：财华网 【财华社讯】太古地产(01972.HK)公布，截至2025年6月30日止六个月，收入约87.23亿港元，同比增长 20%；股东应占呈报亏损12.02亿港元，上年同期则为溢利17.96亿港元；每股呈报亏损0.21港元；派第 一次中期息每股0.35港元。 ...

智通财经APP讯，太古地产(01972)发布公告，龙雁仪女士表明拟于2026年5月退任公司常务董事兼首席 财务官。 施世华先生现任公司的关联公司香港飞机工程有限公司集团财务董事，将于龙雁仪女士退任时接任公司 首席财务官。上述退任及委任将于公司另行宣布的日期生效。 该信息由智通财经网提供 ...

施世华先生现任公司的关联公司香港飞机工程有限公司集团财务董事，将于龙雁仪女士退任时接任公司 首席财务官。上述退任及委任将于公司另行宣布的日期生效。 太古地产(01972)发布公告，龙雁仪女士表明拟于2026年5月退任公司常务董事兼首席财务官。 ...

太古地产公布2025年上半年的业绩。公司收益同比增长20%至87.23亿港元，但股东应占呈报亏损为 12.02亿港元，公司拟派发每股0.35港元的中期股息。 （文章来源：证券时报网） 公司基本溢利增加15%至44.2亿港元，这主要得益于出售Brickell City Centre的部分权益和土地所得的利 润。然而，股东应占经常性基本溢利同比减少4%，至34.2亿港元，原因是香港办公楼租金收入下降， 以及为未来住宅项目增加的销售和市场推广开支。 2025年上半年，投资物业的公平值出现46.8亿港元的亏损，而去年同期为8.79亿港元的收益。 ...