Swire Pacific (stock code 00019) announced interim results for the six months ending June, reporting shareholder profit of HK$6.769 billion, representing a 7.31-fold year-on-year increase. The surge was driven by residential sales profits and strong performance from the Cathay Pacific Group during the first half. The Hong Kong-listed conglomerate declared an A-share first interim dividend of HK$1.5 per share and B-share dividend of HK$0.3 per share, marking a dividend increase exceeding 15%.
Swire Pacific Reports HK$6.769 Billion Interim Profit
Swire Pacific's shareholder attributable profit reached HK$6.769 billion for the six months ending June, up 7.31 times year-on-year. A-share earnings per share stood at HK$5.02, while B-share earnings per share reached HK$1.00. Basic underlying profit attributable to shareholders totaled HK$7.843 billion, up 43.22% year-on-year, primarily driven by residential sales profits and the Cathay Pacific Group's strong first-half performance. Recurring underlying profit reached HK$6.962 billion, up 47.75% year-on-year. Revenue for the period totaled HK$49.446 billion, representing an 8.02% year-on-year increase.
Swire Properties Deploys 70% of HK$100 Billion Investment Plan
Swire Properties has deployed nearly 70% of the HK$100 billion investment plan announced in March 2022, which provides a clear framework for its long-term growth. The company continues to invest in its flagship development projects in Hong Kong. Regarding Taikoo Place, Swire Properties recently successfully acquired a prime land parcel, which will support the area's continued expansion and enhancement, demonstrating the company's long-term commitment to Hong Kong.
Chairman Bradley Comments on Market Conditions and Hong Kong 5-Year Plan
Swire Pacific Chairman Guy Bradley stated that in Hong Kong, existing tenants' gradual expansion and pursuit of quality office space have increased leasing demand. The recovery in inbound tourism is expected to benefit Hong Kong's retail market. In mainland China, the retail sector is gradually improving. The group's business performance during the first half of 2026 has been satisfactory. Consumer sentiment continues to recover, and as this trend persists, the business environment is expected to further improve during the remainder of the year. The group believes its strategy of long-term investment in core markets is the right direction. Swire is also encouraged by Hong Kong's first 5-year plan, which will provide clear strategic direction for Hong Kong's future economic and social development.
FAQ
What interim dividend did Swire Pacific declare for the six months ending June?
Swire Pacific declared an A-share first interim dividend of HK$1.5 per share and a B-share dividend of HK$0.3 per share, representing a dividend increase exceeding 15%.
How much of Swire Properties' HK$100 billion investment plan has been deployed?
Swire Properties has deployed nearly 70% of the HK$100 billion investment plan announced in March 2022, with continued investment in flagship development projects in Hong Kong including Taikoo Place.
