Jardine Matheson swings to $1.41b net profit in 2025

This reverses a previous net loss of $594m (US$468m).

Jardine Matheson Holdings Limited (JMH) reported a net profit attributable to shareholders of $1.41b (US$1.11b) for the year ended 31 December 2025, reversing a $594m (US$468m) loss in 2024.

The improved performance was attributed to sustainable growth in underlying earnings and active capital recycling, said Jardine’s Executive Chairman Ben Keswick.

However, revenue went down from $45.44b (US$35.78b) to $43.46b (US$34.22b) on the back of portfolio restructuring and divestments, as the group recycled capital and exited certain businesses.

These included the disposal of the Singapore Food business, the sale of stakes in Yonghui and Robinsons Retail, and the sale of some property and investment assets.

Mass-market consumption in Hong Kong remained soft due to deflationary pressure on wages and spending, affecting restaurant and consumer businesses in the group’s portfolio.

In Indonesia, Astra, one of Jardine Matheson’s largest contributors, faced weakness in four-wheeler automotive sales amid softer economic conditions, the group added.

JMH declared a full-year dividend of $2.98 (US$2.35) per share, up from $2.86 (US$2.25) per share in 2024.

Its board also proposed a final dividend of $2.22 (US$1.75) per share, payable on 13 May 2026, subject to shareholder approval at the annual general meeting scheduled for 7 May 2026.

($1 = US$0.79)

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