MTR Corporation (00066) announces annual performance, with a net profit attributable to shareholders of HK$14.677 billion, a decrease of 6.9% year-on-year, with a final dividend of HK$0.89 per share.

MTR Corporation (00066) announced its audited financial results for the year ended December 31, 2025. The group achieved total revenue of HK$55.465 billion, a decrease of 7.6% compared to the previous year; net profit attributable to company shareholders was HK$14.677 billion, a decrease of 6.9% year-on-year; earnings per share were HK$2.36, with a proposed final dividend of HK$0.89 per share. The primary mission of MTR is to provide safe, efficient, accessible, and affordable low-carbon railway collective transportation services. In 2025, MTR's trains achieved an on-time performance rate of 99.9% in terms of scheduled services and passenger journeys, demonstrating the company's commitment to world-class performance. In March 2025, we announced that the fare adjustment mechanism for the 2025/2026 financial year will be maintained at the calculated adjustment rate of +1.45%, which will be implemented in the 2026/2027 financial year. The originally planned adjustment rate of +1.91% for the 2025/2026 financial year will also be postponed to the 2026/2027 financial year. Throughout the year, we continued to uphold the development direction of "Carrying Towards the Future", utilizing the latest technology and innovative solutions to enhance customer experience and railway operations. Key projects include continuing to advance the automatic fare collection system update plan to improve payment convenience, and enhancing the functionality and personalization settings of the MTR Mobile app. We are also honored to participate in the government's "Low-Altitude Economy Regulatory Sandbox" program, using drones to assist in key railway asset intelligent inspections, promoting the application of innovative technology and improving asset maintenance efficiency. In March 2026, the new signaling system will be launched on the Tsuen Wan Line, marking a significant milestone in the signaling system replacement project. Mainland China and international business are key growth pillars for MTR. With the launch of passenger services on the Beijing Subway Line 17 intermediate section and the Shenzhen Metro Line 13 Phase 1 North section in December 2025, both lines have been fully opened. We are pleased to announce that MTR expanded its station commercial business in Chengdu, Zhengzhou, Xi'an, and Guangzhou in 2025, and continued to explore similar development opportunities in other major markets. In Australia, the Metro Trains West consortium, jointly formed by MTR and the subsidiary of CRRC Corporation Limited, successfully secured the train supply, operation, and maintenance contract for the Sydney Metro West Line project in December 2025. In November, the new Melbourne Metro Tunnel, in which MTR is involved, opened. The tunnel, stretching 9 kilometers through the heart of Melbourne's central business district, provides fast and convenient railway services to the local area. Looking back on the year, net profit attributable to company shareholders was HK$14.677 billion, equivalent to earnings per share of HK$2.36. Due to the increase in depreciation of Hong Kong operations, one-time impairment adjustments for certain deferred rent reductions, and a decrease in contributions from mainland China operations, the net profit attributable to shareholders from regular operations was HK$5.653 billion. Benefiting from the results of property development projects carried out earlier in the period, property development profit increased to HK$11.084 billion in 2025. Under the "Railway plus Property" development model, most of the property development profits will be used to construct and maintain future and existing Hong Kong railway projects. Therefore, the net profit attributable to basic operations for shareholders was HK$16.737 billion.