CKH Holdings (00001) announced its annual performance, with a net profit attributable to shareholders of HK$11.841 billion, a decrease of 31% compared to the previous year.

CKH Holdings (00001) released its financial results for the year ending December 31, 2025. The group reported a total IFRS16-adjusted revenue of HK$507.297 billion, a 6% increase year-on-year. Reported EBITDA totaled HK$129.105 billion, a 3% increase year-on-year. Net profit after tax was HK$19.233 billion, a 19% decrease year-on-year. Reported profit attributable to ordinary shareholders was HK$11.841 billion, a 31% decrease year-on-year. The group plans to distribute a final dividend of HK$1.602 per share. The announcement stated that during the year, the group continued to actively enhance shareholder value through various major transactions, resulting in certain one-time non-cash accounting impacts on the reported profits. In 2025, the group completed the merger of its UK telecommunications business with Vodafone UK (UK Merger), recognizing a one-time non-cash loss and related impact of HK$10.922 billion pre-IFRS 16. This is in addition to a one-time non-cash impairment and other provisions of HK$3.74 billion recognized in 2024 for its telecommunications business in Vietnam. On February 26, 2026, the group announced that the Cheung Kong Group (CKI Holdings Limited, POWER ASSETS Limited, and Cheung Kong Infrastructure Holdings Limited) had sold its 100% stake in UK Power Networks to Engie S.A. After the completion of the transaction, the sale is expected to bring significant cash flow and net profit attributable to the group in 2026. Excluding the above one-time losses and pre-IFRS 16 adjustments, the group recorded a basic net profit of HK$22.258 billion, a 7% increase compared to 2024. Basic EBITDA and EBIT increased by 9% year-on-year in reported currency, mainly due to significant growth in the port sector, ideal performance of CK Hutchison Group Telecom (CKHGT) (including recording certain service income), increased contribution from Cenovus Energy, gains from the sale of non-core assets by the group's listed associate companies, and favorable foreign exchange movements.