COSCO SHIPPING Ports (1199) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue rose 13.0% YoY to US$484.3M, while profit attributable to equity holders edged up 0.1% to US$82.6M.

• 3Q26 total throughput grew 8.4% YoY to 42.3M TEU; equity throughput increased 8.1% to 12.9M TEU.

• 9M26 revenue rose 12.6% YoY to US$1,389.7M and attributable profit increased 19.7% to US$316.3M.

Financial highlights

• 3Q26 gross profit increased 19.3% YoY to US$128.1M; operating profit rose to US$81.0M from US$62.0M.

• 9M26 gross profit grew 12.6% YoY to US$367.6M; operating profit increased to US$289.8M from US$198.9M.

• Subsidiary gross profit margin was 26.5%, up 0.1 percentage points YoY.

Outlook and guidance

• 2026 goal: equity throughput growth at least in line with industry averages.

• Priorities include expanding global capacity, optimizing resources and hub operations, strengthening route connectivity, and pursuing revenue growth and cost reduction.

• Strategic priorities include digitalization, terminal automation and AI, clean energy, green-fuel supply chains, and port-shipping synergies.