Swire Pacific Ltd A (SWRAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to Swire Pacific 2025 Annual Results Analyst Briefing. Joining us at the briefing today are Mr. Guy Bradley, Chairman of Swire Pacific, Mr. Martin Murray, Finance Director of Swire Pacific, and Ms. Karen Tso, Chief Executive Officer of Swire Coca-Cola. Before we take a detailed look at our annual results for 2025, we'd like to show you a short video highlighting Swire Pacific's key developments and achievements of the year. Enjoy the video. May we now invite Guy, Martin and Karen to take us through the details of the annual results of 2025. Good evening, everybody, and thank you for joining us. Let's get straight in and I'll start with the strategic highlights. I think you can see that we've basically been delivering across the business on our growth strategy in each of the different core businesses under the Swan Pacific name. On property, we've We've got a very healthy pipeline of new projects on the way. We continue to do effective capital recycling of non-core assets. Importantly for us, we're continuing to invest in the Greater Bay Area, which is a stated objective of the property team. And we were very pleased last year to launch our first residential project successfully, I would say, in Shanghai in the Chinese mainland. So property is very much on strategy and continuing to deliver good growth. Beverages, it's been a tough year in 2025 in terms of the environment. But I think you can see the resilience of the beverage business for us. We continue to invest through the cycle here. And that investment has been in new plants, new equipment in both the Chinese mainland and in Vietnam so far. And we continue to... to try to integrate the new Southeast Asian franchises that we've successfully acquired over the last few ...