JC&C reported FY 2025 revenue of USD 21.4 billion (-4%), with underlying profit attributable to shareholders of USD 1.1 billion (+1%) and profit attributable to shareholders of USD 998.0 million (+5%). Underlying earnings per share were 281 US cents (+1%) and earnings per share were 252 US cents (+5%). The board proposed a final dividend of 85 US cents per share, taking the FY 2025 total dividend to 113 US cents (+1%). By geography, Indonesia contributed USD 945.0 million (-8%) to underlying profit, including Astra at USD 927.0 million (-7%) and Tunas Ridean at USD 18.0 million (-46%). Vietnam contributed USD 129.0 million (+25%), including THACO at USD 55.0 million (+39%), REE at USD 41.0 million (+39%) and Vinamilk dividend income of USD 33.0 million (-3%). Regional Interests contributed USD 56.0 million (+1%), with Cycle & Carriage contribution rising to USD 48.0 million (+49%). JC&C said it reduced corporate net debt and increased balance sheet flexibility, supported by the December divestment of a 4.6% stake in Vinamilk for USD 228.0 million, followed by a further 3.5% divestment in February 2026 for USD 188.0 million. It also lifted its REE stake to 41.7% (from 41.4% at end-2024) for USD 4.0 million. Astra highlighted a partnership in used cars where Toyota invested USD 120.0 million for a 40% stake in Astra Digital Mobil, Astra’s acquisition of an 83.7% stake in Mega Manunggal Property (increased to 91.4% in December), and higher stakes in Halodoc (to 31.3%) and Hermina (to 20.2%), with total healthcare investment of around USD 550.0 million to date. United Tractors completed the acquisition of Arafura Surya Alam for USD 540.0 million in February 2026, and Astra and United Tractors each completed Rp2 trillion share buyback programmes, with Astra completing a further tranche valued at Rp685.0 billion in February 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jardine Cycle & Carriage Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: TQWZAVIBD2MXUMOG) on February 27, 2026, and is solely responsible for the information contained therein.
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