REG - Jardine Matheson Hdg - JC&C Interim Management Statement

About this update from Jardine Cycle & Carriage Limited

RNS Number : 8823G Jardine Matheson Hldgs Ltd 10 November 2025 To: Business Editor 10 November 2025 For immediate releaseJardine Cycle & Carriage Limited Interim Management Statement The following announcement was issued today by the Company's 85%-owned subsidiary, Jardine Cycle & Carriage Limited.For further information, please contact:Jardine MathesonJoey Ho (65) 9765 0717Brunswick GroupBen Fry (65) 9017 988610 November 2025JARDINE CYCLE & CARRIAGE LIMITEDINTERIM MANAGEMENT STATEMENT Jardine Cycle & Carriage ("JC&C" or "the Group") today issues its Interim Management Statement for the third quarter of 2025.In the first nine months of 2025, improvements were made in several of our non-Astra businesses, in addition to favourable translation gains on corporate loans. Despite the lower contribution from Astra year-to-date, JC&C expects the full-year underlying profit to be broadly similar to the previous year, reflecting the overall resilience of our portfolio.IndonesiaAstra reported a decrease in underlying profit in the first nine months of 2025, excluding fair value adjustments from its equity investments. The weaker Indonesian Rupiah also impacted Astra's contribution to JC&C. Astra's financial services, agribusiness, and infrastructure businesses saw increased contributions, while the heavy equipment and mining businesses reported lower earnings, and overall automotive performance was stable.· The automotive & mobility businesses reported lower new car sales, with market share moderating to 53%. However, Astra's motorcycle market share remained stable at 77%, and the automotive & mobility businesses continued to record improvements in its used car and component manufacturing businesses.· Financial services posted higher earnings mainly due to larger loan portfolios, reflecting sustained growth in multipurpose financing.· Heavy equipment and mining profit was down as heavy rainfall alongside reduced stripping ratios impacted coal mining contracting volumes, while a decline in coal prices led to a decrease in mining revenues. These were partly offset by higher gold prices and sales volumes.· Agribusiness earnings improved due to higher crude palm oil selling prices and higher sales volumes of crude palm oil and its derivatives. · The infrastructure division's earnings growth was supported by increased tariffs and higher traffic volume.· Astra continued t...

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