CTF Services (00659) Announces Interim Results with 15% Profit Growth

Bulletin Express02-26

CTF Services (00659) reported for the six months ended 31 December 2025 that profit attributable to shareholders rose 15.00% year-on-year to HK$1.33 billion, while Attributable Operating Profit grew 3.00% year-on-year to HK$2.28 billion. Revenue stood at HK$12.83 billion. The company attributed these results mainly to solid performance in Financial Services and the turnaround of Gleneagles Hospital Hong Kong.

The company’s financial position remained robust, with total available liquidity at HK$31.00 billion, comprising HK$20.90 billion in cash and bank balances and HK$10.10 billion in unused committed facilities. Net debt declined 6.00% to HK$13.80 billion, and net gearing dropped to 34.00%. Debt due within one year was reduced to HK$6.80 billion.

CTF Services declared an interim dividend of HK$0.28 per share, amounting to HK$1.27 billion in total. Management highlighted the steady growth in the Financial Services segment, driven by life insurance operations, as well as continued investment in logistics properties in key Chinese Mainland markets. The company also reported successful funding initiatives, including a HK$2.22 billion 0.75% exchangeable bond issuance, aimed at enhancing liquidity and supporting future investments.

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