Sun Hung Kai & Co. Limited · HKEX:86
Sun Hung Kai & — Q2 2026 Earnings Presentation
17 slides from Sun Hung Kai &'s earnings presentation, Aug 20, 2026
Slide 1: 2026 Interim Results
2026 Interim Results August 2026
Slide 2: Key Figures at a Glance
KEY FIGURES AT A GLANCE HK$2,495m HK$1,309m HK$688m Total Income EBIT Attributable Profit -10.9%^ -9.3%^ -22.4%^ HK$29,192m HK$16,881m HK$12,349m Total AUM* Investment Assets Gross Loan Balance (equivalent to US$3,723m) (equivalent to US$2,153m) (Consumer Finance) (equivalent to US$1,575m) +17.7%# +
Slide 3: Key Messages
KEY MESSAGES Group profitability remained resilient Total AUM* stands at US$3.7bn Proven investment track record, and aligned with our Alternative with 17.7% growth, proving the underpinned by a resilient balance Investment Platform strategy, noting a flywheel effect of our expansion sheet driving e
Slide 4: Investment Management
INVESTMENT MANAGEMENT Growth in Special Situations & Structured Credit to create downside protected returns Private Equity Hedge Funds External Funds Direct/Co-investments Special Situations and (HK$ ’m) 5,709 (HK$ ’m) (HK$ ’m) Structured Credit 5,397 11.2% Hedge Real Funds Estate 4,022 3,985 14.7%
Slide 5: Investment Management
INVESTMENT MANAGEMENT Portfolios well diversified by Geography and Sector By Geography By Sector Others Healthcare 2.3% Global (Diversified) 8.3% 9.3% Others 0.2% Financials Real Estate 22.3% Europe 10.8% 15.0% Asia 33.2% Consumer 11.1% TMT 23.7% North America 34.2% Australia 8.1% Diversified 21.5%
Slide 6: Investment Management - Private Equity
INVESTMENT MANAGEMENT - PRIVATE EQUITY Successful public listing of HK$1.7bn of the Private Equity portfolio provides liquidity flexibility 15.8% HK$128m HK$ Net IRR since Inception Profit before Tax 9,694m Total Assets (of which, ~HK$1.7bn is already publicly listed) 0.87x 2.1% DPI since Inception
Slide 7: Alternative Solutions
ALTERNATIVE SOLUTIONS SHK Capital Partners leverages on SHK & Co. to connect LPs and GPs in a manner that creates mutual benefits HK$29,192m HK$21m HK$1m Total AUM* Fee Income Loss before Tax +17.7%# +24.7%^ Improved by 82.0%^ Our Partnerships ^ Compared with 1H 2025 ; # Compared with 31 Dec 2025 *
Slide 8: Alternative Solutions
ALTERNATIVE SOLUTIONS Growing AUM and Fee Income at high CAGR Beginning Net Fund Solutions AUM (US$ ’m) AUM Cashflow Market Ending AUM (SHKCP & External) Ownership- Fund Partnerships 2,459 139 136 2,734 US$849m adjusted US$140m Fund Solutions 582 229 38 849 (SHKCP & External) Ownership-adjusted 121
Slide 9: Activating Our Strategic Partnerships
ACTIVIATING OUR STRATEGIC PARTNERSHIPS Strategic partnerships and disciplined origination compound into investment returns and recurring income Back the best GPs/Funds — capital, governance, distribution 1 SUPPLY SIDE DEMAND SIDE Family Offices & GPs & Funds GPs/Funds PRODUCE Institutional Investors
Slide 10: Credit Business - Consumer Finance
CREDIT BUSINESS - CONSUMER FINANCE Prudent underwriting drives steady growth and improved returns 28.1% 6.6% HK$ Return on Loan Charge-off Ratio 12,349m -30bps^ -30bps^ Gross Loan Balance +4.6%# HK$565m HK$607m Profit before Tax Adjusted Profit before Tax* +50.7%^ +43.8%^ ^ Compared with 1H 2025 ; #
Slide 11: Credit Business - Consumer Finance
CREDIT BUSINESS - CONSUMER FINANCE Optimising cost base and increasing Credit Card transaction volume (HK$ ’m) Income and Cost to Income % (HK$ ’m) Adjusted Attributable Profit 2,000 350 31.9% 30.6% 31.0% 300 1,500 1,706 312 1,573 1,610 250 1,000 200 219 205 150 500 100 50 - 2024 Interim 2025 Interi
Slide 12: Credit Business - Mortgage
CREDIT BUSINESS - MORTGAGE Actively managing our existing portfolio and growing the new mortgage servicing platform HK$1,492m HK$3m 3.5% Servicing Portfolios Loan Servicing Income Net Impairment Losses Ratio +40.7%# +81.3%^ -160bps^ HK$1,009m HK$26m 10.4% Direct Lending -18.2%# Profit before Tax Ret
Slide 13: Financial Performance Review
FINANCIAL PERFORMANCE REVIEW Robust balance sheet with strong and stable shareholder return (HK$ ’m) Profit Attributable to Owners of the Company (HK$ ’m) Total Income and Cost to Income Ratio 1,000 4,000 32.0% 31.0% 31.8% 900 3,500 800 887 3,000 700 2,500 2,800 600 688 2,000 2,495 500 1,500 1,952 4
Slide 14: Allocating Capital to Maximise Long-Term Shareholder Value
ALLOCATING CAPITAL TO MAXIMISE LONG-TERM SHAREHOLDER VALUE Committed to disciplined asset growth leading to strong EBIT and shareholder returns (HK$ ‘m) Track Record of Capital Return (HK$ ‘m) EBIT 1,400.0 5,000 60.0% 1,200.0 4,000 50.0% 1,000.0 40.0% 800.0 3,000 30.0% 600.0 2,000 400.0 20.0% 1,000
Slide 15: Outlook
OUTLOOK Macro backdrop: Dynamic conditions driven by geopolitical shifts, interest rate trends, and AI disruption Capital Discipline: Disciplined capital allocation and proactive risk management maintain resilience across market cycles Cross-Segment Synergy: Deeper collaboration across Investment Ma
Slide 16: Important Notes
IMPORTANT NOTES “Total AUM” in this Presentation refers to the total value of the following: • Assets managed by SHKCP’s fund partners, with which seeding arrangements have been entered. • Assets managed by SHKCP, as well as assets under advisory and dealing/distribution services provided by SHKCP.
Slide 17: Contact Us - Investor Relations
CONTACT US INVESTOR RELATIONS +852 3748 2888 investor.relations@shkco.com Follow us www.shkco.com 40/F Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.