First Pacific Co Ord (FPAFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day everyone, thank you for joining us on my briefing to discuss First Pacific 2026, 26 months financial and operating results. The results presentation as usual is available on the First Pacific website, www.firstpacific.com, under the Investor Relations Session presentation page. This last week's results briefing is being recorded and the report will be available on First Pacific website this evening. in the investor relations session. If there's any participant from the media, please note that this session is open for investors and analysts only. If you would like to raise questions, please contact us when the briefing is finished. Today we have with us our CFO, Mr. Joseph Ng, Associate Director, John Ryan, and other senior executives from the head office in Hong Kong. Over to you, John, for the presentation, please. Thank you much, Sarah. Okay, folks, we're looking at the presentation we posted on our website at lunchtime. And let's begin with a new page three, which lists some of the highlights of the first half results of First Pacific and its operating companies. Our recurring profit, while it was down a little bit from 2025 first half, it was the second highest ever. And that's notwithstanding Icarupia and Fevo. More on that a little bit later. Thanks to the sterling work of our finance and treasury people, Standard & Poor's have upgraded our credit rating to BBB with a stable outlook. Sorry, BBB. And we've got a stable distribution to shareholders with a yield at around 5.4%. And of the five analysts you covered first specifically, they've all got buy or outperform recommendations. Indofood continued its run of record highs with For-profit up 7% to a record high. For the full year, it's Food Division ICBP sees sales going up as much as 7% for the full y...