SITC International Holdings Company (1308) H1 2025 earnings summary

Executive summary

• Revenue for 1H2025 rose 28.0% year-over-year to US$1,664.5 million, driven by higher shipping volumes and increased freight rates.

• Net profit surged 79.5% year-over-year to US$633.4 million, with basic EPS at US$0.24 versus US$0.13 last year.

• Gross profit margin improved to 40.2% from 31.0% in 1H2024.

• Container shipping volume increased 7.3% to 1,829,665 TEUs, and average freight rate rose 22.8% to US$776.4/TEU.

• Interim dividend declared at HK$1.30 (US$0.17) per share, up from HK$0.72 (US$0.09) per share in the prior period.

Financial highlights

• Gross profit increased 66.3% to US$669.4 million, with gross margin improving to 40.2% from 31.0% year-over-year.

• Operating cash flow for the period was US$708.98 million, up from US$394.32 million in 2024.

• Other income and gains rose to US$37.8 million, mainly from vessel disposals.

• Administrative expenses increased 6.2% year-over-year.

• Cash and cash equivalents stood at US$799.0 million as of 30 June 2025.

Outlook and guidance

• Plans to continue expanding the Asian service network, increase voyage frequency, and invest in new vessels and logistics projects.

• Focus on efficiency, service, and decision-making optimization through AI and digitalization.

• Commitment to green transition and sustainable fuels.

• Management confident in sustainable development amid evolving regional trade and vessel supply-demand dynamics.