REG - Jardine Matheson Hdg - JC&C 2025 Half-Year Results

About this update from Jardine Cycle & Carriage Limited

RNS Number : 2221T Jardine Matheson Hldgs Ltd 30 July 2025 To: Business Editor 30 July 2025 For immediate releaseJardine Cycle & Carriage Limited2025 Half-Year Financial Statements and Dividend AnnouncementThe following announcement was issued today by the Company's 85%-owned subsidiary, Jardine Cycle & Carriage Limited.For further information, please contact:Jardine Matheson LimitedJoey Ho (65) 9765 0717Brunswick Group LimitedBen Fry (65) 9017 988630th July 2025 JARDINE CYCLE & CARRIAGE LIMITED2025 HALF-YEAR FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENTHighlights• Underlying profit 6% higher at US$529 million• Interim dividend per share of US¢28, unchanged from 2024"For the first half of 2025, we reported a 6% increase in underlying profit. The Group benefitted from foreign exchange gains and lower financing costs at the JC&C corporate level. Total contributions from businesses were 8% lower, resulting primarily from lower profits in the Indonesia businesses, partially offset by improvements in Vietnam and Singapore, reflecting the Group's continued efforts to build portfolio resilience.In the near term, the macroeconomic environment remains challenging. While the performance of JC&C's businesses in Indonesia and Singapore is expected to remain stable, our Vietnamese businesses are expected to build on the country's economic momentum for the rest of the year. Looking further ahead, we remain focused on our longer-term objective of building a portfolio with strong growth and total shareholder returns."Ben Birks, Group Managing DirectorGroup ResultsSix months ended 30th June2025US$m2024US$m+/-%2025S$mRevenue10,80210,713114,240Underlying profit attributable toshareholders *5295006697Non-trading items^(158)(17) nm(208)Profit attributable to shareholders371483-23489US¢US¢S¢Underlying earnings per share *1341276176Earnings per share94122-23124Interim dividend per share2828 -37At 30.6.2025US$At 31.12.2024US$At 30.6.2025S$Net asset value per share21.121.0 126.9The exchange rate of US$1=S$1.27 (31st December 2024: US$1=S$1.36) was used for translating assets and liabilities at the balance sheet date, and US$1=S$1.32 (30th June 2024: US$1=S$1.35) was used for translating the results for the period. The financial results for the six months ended 30th June 2025 and 30th June 2024 have been prepared in accordance with International Financial Reporting Standards and ...

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