Financial Performance - The company generated EBITDA of US$121.5 million, underlying profit of US$21.9 million, and net profit of US$25.6 million in 1H 2025[9] - Core business contributed US$50.7 million before overheads in 1H 2025[9] - An interim dividend of HK1.6 cents per share was declared, amounting to US$10.4 million, representing 50% of net profit for the period (excluding vessel disposal gains)[8] - Revenue decreased from US$1,281.5 million in 1H 2024 to US$1,018.7 million in 1H 2025[38] - The company repurchased and cancelled 93 million shares at an average price of HK$1.76 for a total consideration of US$21 million under the 2025 share buyback programme[13] Liquidity and Balance Sheet - The company had net cash of US$66.4 million and available committed liquidity of US$549.9 million as of June 30, 2025[9] - A new US$250 million 7-year revolving credit facility was announced in July 2025, further increasing available committed liquidity[9, 45] - Total borrowings decreased from US$262.3 million as of December 31, 2024, to US$229.1 million as of June 30, 2025[45] Fleet and Operations - Handysize spot market rates in 1H25 averaged US$8,690, up 21% year-over-year[15] - Supramax spot market rates in 1H25 averaged US$8,750, up 34% year-over-year[15] - Handysize TCE was US$11,010 per day, down 7% year-over-year, while Supramax TCE was US$12,230 per day, down 11% year-over-year[22] - The company outperformed the average Handysize index by US$2,320 or 27% per day and the average Supramax index by US$3,480 or 40% per day in 1H 2025[25, 29]

Financial Performance Highlights - Swire Pacific's underlying profit decreased by 2% to HK$5476 million in 1H2025, compared to HK$5576 million in 1H2024 [24, 34] - Recurring underlying profit decreased slightly by 1% to HK$4712 million in 1H2025 from HK$4762 million in 1H2024 [24, 34] - Ordinary dividend per 'A' share increased by 4% to HK$130 [24, 31, 34] - Revenue increased by 16% to HK$45774 million in 1H2025 from HK$39563 million in 1H2024 [34] Business Segment Performance - Property division's underlying profit increased by 15% to HK$4406 million [56] - Beverages division's attributable profit decreased by 9% to HK$803 million [89] - Aviation division (Cathay group) attributable profit increased by 1% to HK$1642 million [38, 98] - HAECO group recurring profit increased significantly by 40% to HK$561 million [30, 98, 118] Property Investment and Development - 67% committed in HK$100 billion investment plan [22, 58] - Completed the sale of interests in Brickell City Centre retail and parking spaces, as well as the adjacent sites, in Miami, USA [22] - Chinese Mainland portfolio contributed 42% attributable gross rental income in 1H2025 [71, 73] Beverages - Swire Coca-Cola - Revenue increased by 25% to HK$22188 million [89] - EBITDA margin remained almost flat at 128% [89, 91] - Inaugurated a new US$136 million flagship plant in Tay Ninh, Vietnam [78] Aviation - Cathay Pacific and HAECO - Cathay group reported a group profit of HK$43 billion [101] - HAECO group achieved a 40% growth in recurring profit [30, 98, 118]

Financial Performance - The company's underlying profit increased by 15% to HK$4,420 million in 1H 2025, compared to HK$3,857 million in 1H 2024[10, 109] - Recurring underlying profit decreased by 4% to HK$3,420 million in 1H 2025, compared to HK$3,570 million in 1H 2024[10, 109] - The first interim dividend per share increased by 3% to HK$0.35, compared to HK$0.34 in 1H 2024[10, 162] - Investment properties valuation decreased by 1% to HK$269,418 million as of June 2025, compared to December 2024[34, 122] Capital Recycling and Investment - The company successfully drove double-digit growth in underlying profit through capital recycling[11] - The company plans to invest HK$100 billion, with 67% already committed[11, 26] - Cumulative disposal proceeds reached HK$57.7 billion[22] Portfolio Performance - Chinese Mainland portfolio contributed 42% of attributable gross rental income in 1H 2025[41, 43] - Hong Kong office portfolio occupancy was 91%[34] - Hong Kong retail portfolio maintained 100% occupancy[36] Sustainability - The company is the only one to reach the Top 1% S&P CSA Score in the Real Estate Management and Development Industry, in both the Global and China editions of the S&P Sustainability Yearbook 2025[138] - The company achieved a 29% reduction of absolute GHG emissions (Scope 1 and 2) against the 2019 baseline year[143]

Financial Performance - Sales increased by 7.1% from $7,312 million in H1 2024 to $7,833 million in H1 2025[13, 15] - Gross profit margin improved by 34 basis points, from 39.9% in H1 2024 to 40.3% in H1 2025[13, 15] - EBIT increased by 13.3% from $626 million in H1 2024 to $709 million in H1 2025[13] - Net profit increased by 14.2% from $550 million in H1 2024 to $628 million in H1 2025[13, 15] - EPS increased by 14.1% from 30.12 US cents in H1 2024 to 34.37 US cents in H1 2025[13] - Dividend increased by 15.7% from 108.00 HK cents in H1 2024 to 125.00 HK cents in H1 2025[13] Financial Position - Net current assets increased by 10.6% from $2,787 million in 2024 to $3,082 million in 2025[16] - Total debts decreased by 17.8% from $1,802 million in H1 2024 to $1,482 million in H1 2025[23] - Cash balance increased by 31.1% from $1,227 million in H1 2024 to $1,608 million in H1 2025[23] Strategic Focus - The company is focused on profitable sales growth, global manufacturing diversity, and disruptive innovation through technology solutions[36, 37, 42] - The company is expanding into new businesses and verticals, targeting an $80B+ global opportunity in the DIY user strategy[56, 63] - The company is expanding into new businesses and verticals, targeting a $160B+ global opportunity in core trades[124, 131]

Financial Performance - The company's revenue increased by 10.6% year-over-year, reaching RMB 17,087 million in 1H25, compared to RMB 15,449 million in 1H24[8] - Gross profit increased by 12.2% year-over-year, amounting to RMB 5,865 million in 1H25, up from RMB 5,228 million in 1H24[8] - Operating profit saw a significant increase of 33.7% year-over-year, reaching RMB 1,649 million in 1H25, compared to RMB 1,233 million in 1H24[8] - Net profit increased by 33.2% year-over-year, reaching RMB 1,287 million in 1H25, compared to RMB 966 million in 1H24[8] - Earnings per share (EPS) increased by 33.2% year-over-year, reaching RMB 29.79 cents in 1H25, compared to RMB 22.36 cents in 1H24[8] Segment Performance - Beverages revenue increased from RMB 9,258 million in 1H24 to RMB 10,024 million in 1H25[10] - Food revenue increased from RMB 4,947 million in 1H24 to RMB 5,382 million in 1H25[10] - Others revenue increased from RMB 478 million in 1H24 to RMB 916 million in 1H25[10] - Strategic Alliance OEM within "Others Revenue" experienced a growth rate of 159.5% in 1H25[15] Balance Sheet Highlights - Cash and cash equivalents increased to RMB 10,673 million, representing 46% of total assets, compared to RMB 9,175 million, representing 42% of total assets in the previous year[21] - Total assets increased to RMB 23,120 million from RMB 21,649 million[21]

Financial Performance - Operating earnings before fair value movements decreased by 8% to HK$5,227 million compared to HK$5,683 million in 1H2024[20, 85] - Total earnings decreased by 5% to HK$5,624 million compared to HK$5,951 million in 1H2024[20, 85] - Interim dividend remained stable at HK$0.63 per share, with a total 1H2025 dividend of HK$1.26 per share and a dividend yield of 48%[20] - Capital investment reached HK$8,213 million, a 21% increase from HK$6,809 million in 1H2024[25] Business Unit Performance - Hong Kong energy and related activities saw a 6% increase in operating earnings, reaching HK$4,568 million[27] - Chinese Mainland operating earnings decreased by 12% to HK$870 million due to lower market prices and curtailments[27] - EnergyAustralia experienced a significant 73% decrease in operating earnings to HK$167 million due to retail margin compression and the end of coal price caps[27] - Apraava Energy's operating earnings decreased by 61% to HK$79 million, impacted by one-offs from the KMTL transmission asset[27] Financial Structure and Liquidity - Net debt increased to HK$624 billion, resulting in a net debt to total capital ratio of 350%[53] - The company maintains a strong liquidity position with HK$266 billion in undrawn bank facilities and HK$30 billion in bank balances[53] Strategic Growth Plan - CLP aims to achieve approximately 6GW of renewable energy capacity in the Chinese Mainland by 2029[70] - Apraava Energy targets approximately 8GW of non-carbon investments by 2029[72] - EnergyAustralia aims for approximately 16GW of flexible capacity by 2030[75] Hong Kong Market - Local electricity sales decreased by 17% due to high base effect from temperature in 1H24[31] - The company is supporting customers and communities with over HK$200 million from the CLP Community Energy Saving Fund[31]

Financial Performance - Consolidated revenue increased by 7% year-over-year to $2426 million[21] - Consolidated EBITDA increased by 6% year-over-year to $771 million[21] - HKT revenue increased by 4% year-over-year to $2221 million, with EBITDA up by 3% to $818 million[20] - OTT revenue increased by 10% year-over-year to $153 million, with EBITDA up significantly by 51% to $44 million[20] - Free TV & Related revenue was $44 million, with EBITDA at $6 million[20] OTT Business (Viu) - Viu maintained its position as the No 1 Asian OTT platform in GSEA with 138 million paid subscribers[17] - Viu's subscription and advertising revenues grew by 27% and 29% year-over-year respectively[42] - Viu's EBITDA margin expanded by 8 percentage points year-over-year to 29%[42] HKT Business - Mobile services revenue grew by 5% year-over-year[92] - Local data revenue grew by 11% year-over-year[92] - Broadband revenue grew by 3% year-over-year[92] Cost Efficiency and Capex - Operating expenses decreased by 5% year-over-year[110] - Capex to revenue ratio improved to 58%[115] Dividend - 2025 Interim Dividend per share is 977 HK cents[28]

Financial Performance - Revenue increased by 1.5% YoY, reaching €620 million in H1'25 compared to €611 million in H1'24 [8, 39] - Adjusted EBITDA grew by 2.5% YoY, reaching €99 million in H1'25 compared to €97 million in H1'24 [8, 41] - Adjusted EBITDA margin increased by 20 bps to 16.0% in H1'25 from 15.8% in H1'24 [8, 41] - Net backlog decreased by 3.2% YoY, from €786 million in H1'24 to €761 million in H1'25 [8, 25] Order Intake - Overall order intake decreased by 9.2% YoY, from €514 million in H1'24 to €467 million in H1'25 [28] - Composite Yachts order intake decreased by 32.7% YoY [32] - Made-to-measure Yachts order intake decreased by 0.4% YoY [32] - Super Yachts order intake decreased by 7.2% YoY [32] Geographical Performance - Order intake in Europe increased by 3.8 million YoY [32] - Order intake in AMAS decreased by 21.9% YoY [35] - Order intake in APAC increased by 82.9% YoY [35] Revenue Breakdown - Revenue from Made-to-measure Yachts increased by 8.6% YoY, from €233.1 million in H1'24 to €253.1 million in H1'25 [39] - Revenue from Super Yachts increased by 26.5% YoY, from €82.5 million in H1'24 to €104.4 million in H1'25 [39]

Financial Performance - Total revenue increased by 4% year-over-year to $2,221 million[9], with revenue excluding mobile product sales also up by 4% year-over-year to $2,091 million[9,128] - Total EBITDA increased by 3% year-over-year to $818 million[9,128] - Adjusted Funds Flow increased by 3% year-over-year to $328 million[9,128] - Profit attributable to holders of share stapled units increased by 4% year-over-year to $265 million[128] Business Segments - Enterprise revenue increased by 11% year-over-year[9] - Broadband revenue increased by 3% year-over-year[9] - Mobile services revenue increased by 5% year-over-year to $537 million[9,135] - Local TSS revenue grew by 5% year-over-year[133] - Mainland China business achieved a remarkable growth of 13% year-over-year[97] Mobile Business - Post-paid customer base increased by 1% year-over-year to 3.478 million[41,135] - 5G customer base grew by 21% year-over-year to 1.894 million, representing 54% of the total post-paid base[45,135] - Consumer outbound roaming revenue in H1'25 grew by 11% year-over-year and reached 141% of pre-pandemic levels[43] Broadband and Pay TV - Consumer broadband net adds increased by 3% year-over-year[48] - Uptake of 2.5G service accelerated, with 141% year-over-year growth[48,132] - Now OTT customer base grew by 17% year-over-year[55,133]

Financial Performance - Revenue increased by 9.9% year-over-year, from $57298 thousand in 2024 to $62943 thousand in 2025[52] - Net profit increased by 13.4% year-over-year, from $19103 thousand in 2024 to $21665 thousand in 2025[52] - Software Licenses revenue saw a significant increase of 33.8% year-over-year, driven by strong growth of software subscriptions[53] - Recurring revenue increased by 12.5% year-over-year, from $15732 thousand in 2024 to $17698 thousand in 2025, accounting for 28.1% of total sales[58, 62] Business Growth and Partnerships - The number of Authorized Peplink & Starlink Solution Providers (ASPs) increased by 33%[22, 23] - The company is collaborating with Starlink, providing access to Starlink's product suite and user base[16] - The company entered into an agreement with Iridium to cross-promote solutions, opening opportunities for technical collaboration and cross-selling[21] Market Trends and Product Development - The company is focusing on edge computing, evolving routers into "intelligent edge nodes" for data processing[32, 33] - The company is developing new FWA-centric products and subscriptions to capitalize on the growing Fixed Wireless Access market[37, 38] Ecosystem and Verticals - The number of devices under subscription increased by 17.7% year-over-year[50] - The subscription take-up rate increased to 36.5% as of June 30, 2025, compared to 34.1% in December 2024[50, 62] - Top verticals by number of deals won include Enterprise (25%), Public Services (18%), and Maritime (10%)[45]