GUANGDONG INVESTMENT (270) Q3 2026 earnings summary

Executive summary

• 9M 2026 continuing-operations revenue rose 10.0% YoY to HK$15,711m; profit before tax rose 7.1% to HK$6,683m, supported mainly by water resources growth.

• Profit attributable to owners increased 6.8% from continuing operations to HK$4,362m; including discontinued operations, it increased 7.3% to HK$4,362m.

Financial highlights

• Revenue from continuing operations was HK$15,710.9m versus HK$14,281.0m in 9M 2025; profit before tax was HK$6,682.6m versus HK$6,241.1m.

• Total assets rose 7.1% from 31 Dec 2025 to HK$108,957.1m; equity attributable to owners rose 7.9% to HK$46,296.0m.

• Net finance costs from continuing operations fell to HK$201m from HK$263m; investment-property fair-value movement was a HK$19m loss versus a HK$1m gain.

• Net exchange gain from continuing operations was HK$44m versus a HK$23m loss; RMB appreciation against HK$ was 4.8% YoY.

Outlook and guidance

• Strategy prioritises stable core-business growth, higher-value water-resource activities, precision management, asset-portfolio optimisation and selective investment and M&A.

• Management cited opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area development plan and aims to improve profit growth and overall value.