First Pacific Co ( (FPAFF) ) has released its Q2 earnings. Here is a breakdown of the information First Pacific Co presented to its investors.
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First Pacific Co, a Bermuda-incorporated company, operates primarily in the consumer food products, telecommunications, infrastructure, and natural resources sectors across various regions including Indonesia, the Philippines, and Singapore.
In its latest unaudited interim results for the first half of 2025, First Pacific Co reported a significant increase in profit contribution from operations, which rose by 8.2% to US$423.2 million. The recurring profit also saw a notable increase of 10.7%, reaching US$375.4 million, while turnover slightly increased by 0.7% to US$5,027.8 million.
Key financial highlights include a 40.8% increase in profit attributable to owners of the parent, which amounted to US$391.2 million. The company also reported foreign exchange and derivative gains of US$10.4 million, a reversal from the losses incurred in the previous period. Additionally, the basic earnings per share grew by 40.1% to U.S. 9.19 cents.
The company declared an interim distribution of HK13.00 cents per ordinary share, reflecting an 8% increase from the previous year. Despite a slight increase in consolidated net debt, the gearing ratio improved, indicating better financial leverage.
Looking ahead, First Pacific Co remains optimistic about its operational and financial performance, supported by the robust growth prospects of its investee companies in fast-growing economies. The management is confident in maintaining strong growth momentum, despite global economic uncertainties.