Swire Pacific Ltd A (SWRAF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, welcome to slide Pacific 2026 interim results analyst briefing. Today at the briefing are Mr. Guy Bradley, chairman of slide Pacific, Mr. Martin Murray, finance director of five Pacific and Miss Karen, so chief executive officer of fire Coca Cola. Before we take a detailed look at our results, we'd love to show you a short video highlighting five Pacific key developments and achievements in the first half of 2026. Please enjoy the video. So So May we now invite Guy, Martin and Karen to take us through the details of the results. Thank you. Good evening everybody and thank you for joining us. I will just kick off with a couple of strategic highlights here. The two points I'd like to emphasise are basically that the first half recurring underlying profit is the highest underlying profit that we've reported. and that's driven basically by consumer sentiment in all of our divisions improving and that's a very good trend to see. The second highlight of course is that we haven't stopped investing and the levels of investments that we have across all our businesses are indeed record levels of capital for the group. So two very good Highlights for the half year. If I look at the specific details across the three main divisions in property, we continue to execute against the $100 billion plan. We've currently got seven projects in the Chinese mainland under development, which is more than we've ever had in our history, and two of which will open in phases, at least start to open later this year in Sanya and in Beijing at Taiku Place. on the trading side also it's worth highlighting that we've got we're doing a lot more of that and we've got very good projects going on in Miami and Bangkok what the slide doesn't say is that we've also got ...