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CTF Services Limited (659) investor relations material
CTF Services Limited H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 7% year-on-year growth in Attributable Operating Profit (AOP) to HK$4,466.2 million, with profit attributable to shareholders up 4% to HK$2,162.0 million, supported by portfolio optimization, strategic acquisitions in financial services, and divestment of non-core businesses.
Maintained a healthy financial position with total available liquidity of HK$29.8 billion and net debt of HK$14.7 billion as of 30 June 2025.
Rebranded insurance as Financial Services, expanded CTF Life's offshore insurance hub, and rebranded logistics as CTF Logistics.
Issued convertible bonds and bonus shares to enhance public float and liquidity, and maintained a progressive dividend policy with 22 consecutive years of payments.
Announced a 1-for-10 bonus issue of shares and implemented a scrip dividend scheme to enhance shareholder value.
Financial highlights
Attributable Operating Profit (AOP) up 7% year-on-year to HK$4,466.2 million; up 9% year-on-year to HK$4,505 million excluding Free Duty and Wai Kee.
Adjusted EBITDA rose 1% to HK$7,316 million; profit attributable to shareholders up 4% to HK$2,162 million.
Total dividend for the year was HK$0.95 per share, including a HK$0.30 special dividend.
Cash on hand stood at HK$20.2 billion, with total available liquidity close to HK$29.8 billion.
Return on equity improved to 6%.
Outlook and guidance
Focus on expanding Financial Services and Logistics segments for sustainable growth and cash flow, leveraging new acquisitions and digital solutions.
No major expansion in toll roads; priority is optimizing existing assets amid industry volatility and competition.
Construction to benefit from increased government projects, technological innovation, and market share gains.
Logistics segment targets undervalued assets in prime locations, aiming for strong cash flow and high occupancy.
Facilities Management to expand healthcare and event offerings, leveraging government incentives.
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