REG - Jardine Matheson Hdg - Interim Management Statement

About this update from Pt Astra International Tbk

RNS Number : 5435I Jardine Matheson Hldgs Ltd 21 November 2025 21 November 2025For immediate releaseThe following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom. Jardine Matheson Holdings Limited Interim Management Statement 21 November 2025 - Jardine Matheson Holdings Limited (the 'Company') today publishes its Interim Management Statement for the third quarter of 2025.The performance of the Company's portfolio in the third quarter was in line with expectations at the half-year. Profit guidance for the full-year remains unchanged.As previously announced, Lincoln Pan has joined the Company and will become CEO on 1 December 2025 succeeding John Witt.Astra reported flat revenue and a modest decrease in underlying profit for the third quarter compared to the same period last year. There was stronger performance from Astra's financial services, motorcycle and infrastructure businesses offset in part by lower contributions from coal mining.In October, Astra and United Tractors both announced share buyback programmes of up to US$120 million each. Additionally, Astra progressed several strategic developments in the period, including the acquisition of an 83.7% stake in Mega Manunggal Property, Indonesia's largest industrial and logistics property developer, and the purchase of Arafura Surya Alam, a gold mining company in North Sulawesi, for US$540 million, furthering Astra's strategy to increase exposure to infrastructure and non-coal mining.Hongkong Land's underlying profit in the quarter was lower than the third quarter of 2024, primarily due to reduced contributions from the Hong Kong office portfolio and pre-opening costs in respect of the group's Prime Properties Investment pipeline in China. For the full financial year, Hongkong Land's outlook on underlying results remains unchanged, with performance, excluding provisions, expected to be lower than the prior year.Hongkong Land made further progress towards its target of recycling at least US$4 billion of capital by the end of 2027, by selling the Singapore and Malaysia residential developer MCL Land for total net proceeds (including cash distributions before completion) of US$657 million. Hongkong Land has now achieved 50% of its end of 2027 target.Hongkong Land's US$200 million share buyback programme announced in April h...

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