CHINA MER PORT reported solid interim results for the six months ended 30 June 2026, driven by broad-based growth across its ports and logistics portfolio.

Revenue and Earnings • Group revenue advanced 13.0% year-on-year to HK$7.30 billion, supported by container throughput growth, improved cargo mix and tariff adjustments. • Profit attributable to equity holders increased 6.9% to HK$3.83 billion; recurrent profit (excluding non-recurring items) rose 8.6% to HK$3.96 billion. • EBITDA expanded 11.5% to HK$4.61 billion, while net finance costs fell 9.7% to HK$0.57 billion.

Segment Performance • Ports operation contributed HK$6.83 billion of revenue, up 13.2%, and HK$4.38 billion of EBITDA, up 11.5%. • Bonded logistics revenue increased 11.9% to HK$0.37 billion with EBITDA up 14.7% to HK$0.17 billion. • Other operations delivered HK$0.10 billion of revenue and HK$0.06 billion of EBITDA.

Operational Highlights • Group container throughput grew 4.5% to 78.21 million TEU; mainland China, Hong Kong and Taiwan terminals handled 58.52 million TEU (+5.2%), while overseas volume reached 19.69 million TEU (+2.5%). • Bulk cargo throughput edged up 1.7% to 267 million tonnes. • Key mainland drivers included Shanghai (SIPG +6.4%), Qingdao (QQCTU +8.7%) and West Shenzhen (+5.3%). Overseas growth was led by Hambantota in Sri Lanka (+80.6%) and Kumport in Turkey (+14.6%).

Cash Flow and Balance Sheet • Operating cash inflow rose 15.0% to HK$4.07 billion; capex stood at HK$0.69 billion. • Total assets reached HK$185.87 billion (+4.7% since December 2025). • Net interest-bearing debt and lease liabilities declined 11.7% to HK$21.68 billion; net gearing improved to 16.2%. • Undrawn credit facilities amounted to HK$29.34 billion, underpinning liquidity.

Dividend • The board declared an interim cash dividend of HK$0.25 per share (unchanged year-on-year), totalling approximately HK$1.05 billion, payable on or around 18 November 2026 to shareholders on record as of 5 October 2026.

Strategic and ESG Progress • The group advanced construction at Dachan Bay Phase II and accelerated overseas projects in Sri Lanka, Brazil, Indonesia and Africa. • Digital initiatives included a new version of the CTOS system and deployment of smart-yard solutions in Shenzhen. • MSCI raised the company’s ESG rating to “A”, reflecting improvements in environmental disclosure and governance.

Outlook Management expects global trade growth to moderate amid geopolitical uncertainties but will continue to pursue lean management, digitalisation and green initiatives while expanding its international terminal network to support long-term growth.