CK Infrastructure Holdings (1038) investor relations material

Executive summary

• Profit attributable to shareholders rose 1% year-over-year to HK$4,348 million in H1 2025, reflecting steady performance amid global uncertainties.

• Interim dividend per share increased by 1.4% to HK$0.73, continuing a long record of sustainable dividend growth.

• Strong financial position with cash on hand of HK$4,721 million and net debt to net total capital ratio at 10.6%.

• International businesses, especially in the UK, delivered strong performances, with notable growth in water, gas, and power networks.

• Ongoing focus on organic growth, disciplined acquisitions, and leveraging recurring income and strategic partnerships.

Financial highlights

• Turnover for H1 2025 was HK$20,359 million, up from HK$19,090 million in H1 2024.

• Profit attributable to shareholders reached HK$4,348 million, a 1% increase year-over-year.

• Earnings per share rose to HK$1.73 from HK$1.71 year-over-year.

• Interim dividend declared at HK$0.73 per share, up from HK$0.72.

• Cash and bank deposits totaled HK$4,721 million as of June 30, 2025.

Outlook and guidance

• Regulated businesses anticipate solid asset base growth, with multiple regulatory resets in the UK and Australia between 2025-26.

• M&A opportunities remain robust, with a favorable buyer's market and a strong pipeline for quality acquisitions.

• The group remains committed to disciplined investment, long-term value creation, and leveraging strategic partnerships.

• Proceeds from the divestment of UK Rails are expected to further strengthen the balance sheet.

• Resilience expected despite ongoing global geopolitical and economic challenges.