CTF Services (659) investor relations material

Executive summary

• Achieved a stable financial year with 3% AOP growth to HK$4,591M and 11% increase in profit attributable to shareholders to HK$2,393M, led by Financial Services becoming the largest AOP contributor and supported by strategic acquisitions and disciplined capital recycling.

• Logistics and construction segments expanded through selective acquisitions and maintained resilient performance despite market headwinds.

• Maintained a progressive dividend policy for the 24th consecutive year, with total ordinary dividends up 6% year-on-year to HK$2.8 billion and a proposed 1-for-10 bonus share issue.

Financial highlights

• Attributable operating profit (AOP) up 3% year-on-year to HK$4,591M; profit attributable to shareholders rose 11% to HK$2,393M.

• Adjusted EBITDA increased 1% year-on-year to HK$7,395M; basic EPS rose 8% to HK$0.53.

• Net debt balance decreased by 20% to HK$11.7 billion; net gearing ratio improved to 28% from 37%.

• Total available liquidity stood at HK$31.3 billion, with cash and bank balances of HK$20.8 billion and undrawn banking facilities of HK$10.5 billion.

• Final dividend proposed at HK$0.33 per share, with total ordinary dividends up 6% to HK$2.8 billion.

Outlook and guidance

• Continued expansion in financial services, especially insurance and wealth management, leveraging digital platforms and partnerships.

• Logistics to pursue disciplined acquisitions in key hubs and invest in digital infrastructure and rail freight growth.

• Construction segment expected to benefit from government projects, especially in the Northern Metropolis and public-sector pipeline.

• Facilities Management to focus on operational efficiency, expansion of clinics, and capitalize on tourism and mega-event demand.

• Continued focus on portfolio optimization, capital recycling, and disciplined investment to drive sustainable growth.