Financial Highlights High-Level Performance Overview H1 2025 saw significant growth in revenue, gross profit, profit attributable to equity holders, and basic EPS Key Financial Indicators for the Six Months Ended June 30, 2025 (USD thousand) | Indicator | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | Growth Rate (%) | | :--- | :--- | :--- | :--- | | Revenue | 641,400 | 540,500 | 18.7% | | Gross Profit | 127,100 | 47,100 | 170.1% | | Profit Attributable to Equity Holders of the Company | 188,700 | 58,600 | 222.0% | | Basic Earnings Per Share (USD) | 0.113 | 0.042 | 169.0% | Consolidated Financial Statements Consolidated Statement of Profit or Loss and Other Comprehensive Income The Group achieved significant year-on-year growth in H1 2025 revenue, gross profit, profit, and basic EPS Consolidated Statement of Profit or Loss and Other Comprehensive Income Summary (USD thousand) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | 641,427 | 540,491 | | Cost of Sales | (514,316) | (493,429) | | Gross Profit | 127,111 | 47,062 | | Operating Profit | 189,651 | 59,036 | | Profit Before Tax | 189,093 | 58,843 | | Profit for the Period | 188,818 | 59,045 | | Profit Attributable to Equity Holders of the Company | 188,690 | 58,607 | | Basic Earnings Per Share (USD) | 0.113 | 0.042 | - Total comprehensive income for the period was USD 188.584 million, primarily contributed by profit for the period, with a negative foreign currency translation difference of USD 0.234 million for overseas operations5 Consolidated Statement of Financial Position As of June 30, 2025, the Group's financial position showed growth in assets, cash, and net assets, with increased current liabilities Consolidated Statement of Financial Position Summary (USD thousand) | Indicator | As of June 30, 2025 | As of December 31, 2024 | | :--- | :--- | :--- | | Total Non-Current Assets | 1,779,858 | 1,737,481 | | Total Current Assets | 733,396 | 584,186 | | Cash and Cash Equivalents | 585,801 | 422,134 | | Total Current Liabilities | 408,826 | 231,102 | | Trade and Other Payables | 348,390 | 181,494 | | Net Assets | 1,980,324 | 1,975,182 | | Total Equity Attributable to Equity Holders of the Company | 1,980,134 | 1,974,708 | Notes to the Financial Statements Basis of Preparation and Changes in Accounting Policies This interim financial report, prepared under HKAS 34, was authorized for issue on August 25, 2025, with no significant impact from HKAS 21 (amended) due to the absence of non-convertible foreign currency transactions - This interim financial report is prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants and was authorized for issue by the Board of Directors on August 25, 20258 - The Group applied HKAS 21 (amended) "The Effects of Changes in Foreign Exchange Rates – Lack of Exchangeability", but it had no significant impact on this interim financial report due to the absence of relevant transactions10 Revenue and Segment Reporting The Group's primary business is container shipping, with H1 2025 revenue predominantly from this service, disclosed by geographical region as a single segment - The Group's principal business is the provision of container shipping and related services, with all revenue recognized over time11 Revenue from Contracts with Customers by Major Service Line (USD thousand) | Service Line | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Provision of Container Shipping Services | 585,615 | 505,880 | | Other Container Shipping Related Services | 55,812 | 34,611 | | Total Revenue | 641,427 | 540,491 | - The Group has identified only one reportable segment, primarily related to the provision of container shipping and related services12 Revenue Information by Geographical Region (USD thousand) | Region | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Mainland China | 278,256 | 240,225 | | Philippines | 69,651 | 59,007 | | Japan | 55,314 | 49,590 | | Taiwan | 42,176 | 40,004 | | Hong Kong SAR | 23,826 | 36,265 | | Other Countries or Regions | 61,195 | 13,780 | | Total Revenue | 641,427 | 540,491 | Other Income and Net Gains/Losses Other income significantly increased to USD 68.576 million for H1 2025, driven by higher charter hire income, while net other income/(loss) turned into a gain, primarily due to net foreign exchange gains Components of Other Income (USD thousand) | Item | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Charter Hire Income – Vessels | 58,916 | 14,178 | | Bank Interest Income | 8,278 | 13,371 | | Container Rental Income | 1,382 | 1,579 | | Total Other Income | 68,576 | 29,128 | Components of Other Income / (Losses) Net (USD thousand) | Item | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Foreign Exchange Gains / (Losses) | 12,179 | (1,569) | | Gain on Disposal of Property, Plant and Equipment | 1 | 14 | | Others | 156 | 339 | | Total Other Income / (Losses) Net | 12,336 | (1,216) | Components of Profit Before Tax Profit before tax is calculated after deducting finance costs, staff costs, and other items, with increased depreciation for property, plant and equipment, and decreased depreciation for right-of-use assets and bunker fuel costs Summary of Deductions from Profit Before Tax (USD thousand) | Item | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Finance Costs (Interest on Lease Liabilities) | 1,261
德翔海运(02510) - 2025 - 中期业绩