Mtr Corp Ltd U/Adr (MTCPY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings everyone, members of the press. I am Linda Choi, Corporate Affairs and Branding Director of MCRC. Welcome to the Annual Results 2025 Press Briefing. First of all, let me introduce the corporate representatives on stage. Seated in the middle is Ms. Jenny Yeung, the CEO. Next to her on the right are Mr. David Tang, Managing Director, Property and International Business and also Mr. Wilson Kwong, Hong Kong Transport Services Director and on the left are Mr. Michael Fitzgerald, FD and Mr. Carl Deflin, Capital Works Director and also Mr. Sammy Wong, Chinese Mainland Business Director. We'll be using Chinese in the main today Ms Jenny Yeung will be talking about the 2025 four year results and after that Michael will go through the financials and then Ms Jenny Yeung will come back and share the company's outlook and future developments and she will also be speaking in English in summary and today we have simultaneous interpretation in Chinese and also in English after that we will have a Q&A session Jenny please Thank you Linda Ladies and gentlemen of the media, good afternoon to you. Welcome to the annual results 2025 for MTRC and this year marks my first announcement of my corporation's results as CEO. I would like to thank the board for entrusting me with this important responsibility and will continue to work with our teams to grow MTR's business Create opportunities and optimize value. I will first present the corporation's 2025 performance and share our 2026 outlook. 2025 was a year full of challenges yet with progress. Recurrent business profit for the year exceeded HK$5.6 billion, representing a year-on-year decline due to factors including changes in travel patterns among the public and overall economic environment. With the dedicated efforts of the team,...