CKI HOLDINGS: INTERIM REPORT 2025

The Changjiang Infrastructure Group recorded a robust performance in the first half of 2025, despite the market being clouded by uncertainties stemming from fluctuating political situations, complex interest rate outlooks, trade barriers, and inflationary pressures. The group reported a profit attributable to shareholders of HKD 4.348 billion, reflecting a 1% increase compared to the same period last year. The board of directors declared an interim dividend of HKD 0.73 per share, up 1.4% year-on-year. The performance of the group’s businesses varied. The UK operations contributed HKD 2.223 billion, representing a 19% year-on-year growth, primarily benefiting from increased contributions from Northumbrian Water, three gas distribution networks, and UK Power Networks. The Australian operations contributed HKD 793 million, a decrease of 8% compared to the previous...Show More

The Changjiang Infrastructure Group recorded a robust performance in the first half of 2025, despite the market being clouded by uncertainties stemming from fluctuating political situations, complex interest rate outlooks, trade barriers, and inflationary pressures. The group reported a profit attributable to shareholders of HKD 4.348 billion, reflecting a 1% increase compared to the same period last year. The board of directors declared an interim dividend of HKD 0.73 per share, up 1.4% year-on-year. The performance of the group’s businesses varied. The UK operations contributed HKD 2.223 billion, representing a 19% year-on-year growth, primarily benefiting from increased contributions from Northumbrian Water, three gas distribution networks, and UK Power Networks. The Australian operations contributed HKD 793 million, a decrease of 8% compared to the previous year, mainly due to a weaker exchange rate and the expiration of several profitable contracts with Energy Developments. Power Assets Holdings provided a profit contribution of HKD 1.095 billion to the group, an increase of 1% from the same period last year. Looking ahead, the group’s financial strength remains robust, holding cash of HKD 4.7 billion as of June 30, 2025, with a net debt to net total capital ratio maintained at a solid level of 10.6%. The group will continue to prudently seek acquisition opportunities while actively promoting internal growth of existing businesses. An agreement has been signed in July 2025 for the sale of the UK Rails project, which is expected to significantly reduce the group’s debt ratio upon completion of the transaction.