COSCO SHIPPING Ports (1199) investor relations material

Executive summary

• Total throughput reached 80.2 million TEUs in H1 2026, up 7.9% year-on-year, with both China and overseas terminals contributing to growth.

• Revenue rose 12.3% year-on-year to US$905.3 million, EBITDA increased 20.6% to US$536.4 million, and profit attributable to equity holders surged 28.5% to US$233.7 million.

• Operational quality and efficiency improved through asset optimization, expansion into emerging markets, and enhanced port-shipping synergies.

• Maintained operational resilience despite global shipping market pressures and route restructuring.

• Interim dividend declared at HK18.5 cents per share, up from HK15.1 cents YoY.

Financial highlights

• Equity throughput rose 7% year-on-year to 24.5 million TEUs.

• Gross profit increased 9.3% year-on-year to US$239.5 million; gross profit margin at 26.5% (down 0.7 pps YoY).

• Basic EPS was US5.90 cents, up 22.4% YoY.

• Net cash from operating activities was US$275.0 million (down from US$299.3 million YoY).

• Interim dividend per share reached US2.360 cents (up from US1.928 cents YoY).

Outlook and guidance

• Global economic growth forecasts have been downgraded; trade policy and energy price volatility pose risks.

• Global port throughput growth forecasted at 3% for the year, with regional growth rates: Asia 4.8%, Europe 4.1%, North America 3.7%, Latin America 3.5%, Southern Asia 4.5%.

• Focus on strengthening global terminal network, investing in emerging markets, and enhancing supply chain resilience.

• Continued emphasis on green, low-carbon development and digital transformation.

• Long-term strategy includes globalization, capacity expansion, and sustainable development.