CHINA MER PORT (00144) announced its financial results for the year ended December 31, 2025. The group's revenue reached HKD 13.354 billion, an increase of 12.8% compared to the previous year, primarily driven by growth in business volume. However, this revenue growth was offset by several factors: a decrease of HKD 1.445 billion in profits from jointly controlled entities, a net decrease of HKD 531 million in the fair value changes of financial assets measured at fair value through profit or loss, and a net increase of HKD 605 million in expected credit loss provisions. Consequently, profit attributable to the company's equity holders and recurring profit were HKD 6.457 billion and HKD 6.511 billion, respectively, representing year-on-year decreases of 18.5% and 13.8%. Basic earnings per share were HKD 1.538, and the board has recommended a final dividend of HKD 0.489 per share.
As of December 31, 2025, the group's total assets stood at HKD 177.534 billion, a 4.8% increase from the beginning of the year. Total liabilities rose by 5.1%, from HKD 48.042 billion on December 31, 2024, to HKD 50.496 billion on December 31, 2025. Net assets attributable to the company's equity holders were HKD 110.403 billion, marking a 6.3% increase from the start of the year.
Throughout the year, the group adhered to a general principle of seeking progress while maintaining stability, focusing on its goal of becoming a "world-class comprehensive port service provider." It dedicated efforts to reform, innovation, and development, resulting in an overall operational trend characterized by "steady progress and quality improvement."
The group strengthened the foundation of its home port development and concentrated on reinforcing its core advantages. The container throughput of the Shenzhen Western Port Area exceeded 15 million TEUs for the year, setting a new record and maintaining its leading position in foreign trade market share within the Guangdong-Hong Kong-Macao Greater Bay Area. In Sri Lanka, CICT continued to solidify its local market position, with profitability steadily improving. HIPG significantly enhanced its container business capabilities, achieving a leap in throughput and setting a record high in roll-on/roll-off business volume. Operational indicators showed steady improvement, marking a phased achievement in building a world-class port.
Overseas expansion progressed steadily, with existing projects delivering strong performance. The group signed a share purchase agreement for the Vast project in Brazil to expand its presence in Latin America. Several overseas projects achieved record-high container throughput. In Brazil, TCP broke through capacity bottlenecks by refining its efficiency, handling over 1.66 million TEUs. In Togo, LCT became the first terminal in Africa to regularly handle 24,000-TEU container vessels, further consolidating its status as a transshipment hub in West Africa, with container throughput growing 17.9% year-on-year. In Turkey, Kumport secured long-term service contracts, leading to a 22.8% year-on-year increase in container throughput. These results fully demonstrate the synergistic advantages of the group's global layout and its high-level international operational management capabilities.
Comments