2025-10-20 10:11Dividend and Shareholder Returns - The company reported a proposed final dividend of HKD 2.90 per share, pending approval at the annual general meeting[8]. - Proposed final dividend for 2025 is HKD 2.90, up from HKD 2.70 in 2024, leading to a total dividend of HKD 3.50, a 9% increase[38]. - The board proposed a final dividend of HKD 2.90 per share, up from HKD 2.70 per share in the previous fiscal year, resulting in a total annual dividend of HKD 3.50 per share, compared to HKD 3.20 per share last year[48]. - The interim dividend declared on March 25, 2025, was HKD 0.60 per share, totaling HKD 197,431,000, an increase from HKD 0.50 per share and HKD 162,289,000 in 2024[200]. Financial Performance - Revenue for 2025 reached HKD 27,001 million, a 5% increase from HKD 25,786 million in 2024[38]. - Profit attributable to shareholders for 2025 was HKD 4,031 million, reflecting a 13% growth compared to HKD 3,581 million in 2024[38]. - Earnings per share for 2025 increased to HKD 12.39, up 13% from HKD 11.01 in 2024[38]. - Total equity for 2025 was HKD 86,736 million, a 12% increase from HKD 77,509 million in 2024[40]. - The company reported a total asset value of HKD 146,559,729 million for 2025, an increase from HKD 135,487,981 million in 2024[45]. - The company’s total liabilities for 2025 were HKD 59,824,099 million, up from HKD 56,434,539 million in 2024[45]. - The group recorded a profit attributable to shareholders of HKD 4.0307 billion, an increase of 13% compared to HKD 3.5809 billion last year[47]. - The group's revenue increased by 9% to 24.4 billion HKD, driven by a 1.2 billion HKD increase in the hotel and leisure segment and an 800 million HKD increase from property development and investment due to strong sales performance in Singapore residential projects[106]. Investment and Development - The company aims to achieve sustainable long-term returns for shareholders through its investment holding and management strategies[12]. - The group operates in key markets including Hong Kong, mainland China, Singapore, Malaysia, the UK, continental Europe, and Australasia[12]. - The company’s real estate investments include notable properties such as Guoco Tower and Guoco Midtown in Singapore, and Damansara City in Malaysia[15]. - The group’s self-operated investments focus on attractive risk-adjusted returns through global capital market investments[13]. - The group is involved in property development and investment through its subsidiaries, with a significant presence in Malaysia, Singapore, and China[23]. - The group anticipates a challenging global economic environment due to geopolitical tensions and trade restrictions, but remains prepared to seize new investment opportunities[62]. - The group has established a climate risk and opportunity assessment for its subsidiaries to enhance climate information disclosure[60]. - The group's property development revenue increased by 3% to SGD 1.563 billion (approximately HKD 9.286 billion) due to the majority of sales from Singapore residential projects[76]. - The group's overall revenue from property investment rose by 22% to SGD 281.1 million (approximately HKD 1.670 billion), primarily driven by increased rental income from Guoco Tower and Guoco Midtown[77]. Risk Management and Governance - The company has a strong risk management and monitoring system to support its investment operations[13]. - The group emphasizes the importance of maintaining a robust governance structure with experienced board members overseeing its operations[26][30]. - The board is committed to high standards of corporate governance and has adopted a governance code effective until June 30, 2025[118]. - The board is responsible for overseeing environmental, social, and governance (ESG) matters and ensuring appropriate risk management systems are in place[126]. - The company has established a risk management framework to continuously identify and assess risks, including environmental, social, and governance risks[179]. - The audit committee reviewed the effectiveness of risk management and internal control systems, including significant environmental, social, and governance risks[172]. Employee and Board Diversity - The company has approximately 10,900 employees as of June 30, 2025, with a gender ratio of approximately 56% male and 44% female, indicating a balanced gender diversity[166]. - The company adopted a board diversity policy, considering various factors such as gender, age, and professional experience when selecting board candidates[162]. - The board has achieved a gender diversity goal with the appointment of at least one female director, resulting in a female representation of 16.7% as of June 30, 2025[163]. - The employee diversity policy will take effect from July 1, 2025, emphasizing the commitment to diversity and inclusion across all employee levels[166]. Technology and Innovation - The group is committed to leveraging technology and innovation to improve service delivery and operational efficiency[19]. - The company integrates digital technology into its business strategy to drive development and enhance competitiveness[124]. - The group emphasizes the importance of innovation and continuous improvement in its operations to adapt to changing environments[123]. Communication and Transparency - The company encourages two-way communication with institutional and private investors, providing comprehensive information through interim and annual reports[183]. - The company has a shareholder communication policy that ensures timely access to important information for shareholders[185]. - The company has implemented procedures for handling and disclosing inside information, ensuring confidentiality before public disclosure[181].