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Five Year Financial Summary


Audited Consolidated Statement of Profit or Loss and Other Comprehensive Income

Year ended 31 December (HK$ million) 2025 2024 2023 2022 2021
Revenue 26,642 25,995 24,937 29,170 32,511
Operating EBITDA 3,989 3,401 3,074 3,011 5,419
Depreciation and amortisation (1,513) (1,463) (1,384) (1,428) (1,550)
Operating EBIT 2,476 1,938 1,690 1,583 3,869
Finance cost (215) (326) (278) (124) (75)
Profit before taxation 2,260 1,612 1,412 1,459 3,794
Income tax expense (319) (255) (258) (142) (542)
Profit for the year 1,941 1,358 1,154 1,317 3,252
Basic EPS (HK cents) 45.20 30.56 24.39 27.46 71.87
Interim dividend per share (HK cents) 6.60 6.20 2.50 6.50 15.00
Proposed final dividend per share (HK cents) 9.30 4.50 6.10 3.30 11.00
Total dividends (HK cents) 15.90 10.70 8.60 9.80 26.00
Payout ratio 35.18% 35.00% 35.30% 35.70% 36.10%

Five Year Financial Summary


Audited Consolidated Statement of Financial Position

HK$ million As at 31/12/2025 As at 31/12/2024 As at 31/12/2023 As at 31/12/2022 As at 31/12/2021
Non-current assets 44,720 42,797 40,956 37,405 37,451
Current assets 12,968 12,553 13,141 12,921 15,003
Current liabilities (11,350) (12,583) (11,436) (12,293) (12,190)
Net current assets (liabilities) 1,618 (30) 1,705 628 2,813
Non-current liabilities (15,887) (14,754) (13,894) (9,426) (6,861)
Share capital (107) (107) (108) (108) (108)
Reserves (30,329) (27,897) (27,009) (26,634) (30,964)
Perpetual capital securities 0 - (1,641) (1,857) (2,323)
Non-controlling interests (15) (9) (9) (8) (8)
Net debts (19,064) (20,461) (17,776) (14,529) (12,152)