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Swire Pacific Lifts Dividends as Underlying Profit Rises Despite Property Valuation Hit

Story Highlights
  • Swire Pacific grew 2025 revenue and underlying profit, but reported earnings dropped on weaker property valuations.
  • Stronger cash generation, lower net debt, and higher dividends reflect confidence despite softer return on equity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Swire Pacific Lifts Dividends as Underlying Profit Rises Despite Property Valuation Hit

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Swire Pacific ( (HK:0019) ).

Swire Pacific reported a 10% rise in revenue to HK$90.47 billion for 2025, with underlying profit attributable to shareholders up 9% to HK$11.37 billion and recurring underlying profit up 5%. However, reported profit fell 32% to HK$2.94 billion, largely due to a negative change in the fair value of investment properties amounting to HK$6.07 billion, which continued to weigh on headline earnings.

Operating profit increased 5% to HK$4.45 billion, and cash generated from operations surged 35% to HK$17.02 billion, helping swing net cash flow before financing from an outflow to an inflow of HK$13.48 billion. The board raised dividends per ‘A’ share by 13% to HK$3.80 as net debt fell 8% and the gearing ratio improved to 20.6%, signalling confidence in the group’s balance sheet strength despite softer return on equity and lower reported earnings.

Earnings per ‘A’ share on an underlying basis climbed 13%, even as basic reported earnings per ‘A’ share declined 29%, highlighting the divergence between core operating performance and property valuation movements. Equity attributable to shareholders per ‘A’ share rose 3% to HK$192.45, indicating gradual growth in book value and offering reassurance to long‑term investors focused on asset backing and dividend growth.

The most recent analyst rating on (HK:0019) stock is a Hold with a HK$77.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.

More about Swire Pacific

Swire Pacific Limited is a Hong Kong‑incorporated conglomerate with interests spanning property, aviation, beverages, and other trading and industrial activities. Listed on the Stock Exchange of Hong Kong under stock codes 00019 and 00087, it plays a significant role in the city’s corporate landscape and is closely watched by regional and international investors.

Average Trading Volume: 1,453,404

Technical Sentiment Signal: Buy

Current Market Cap: HK$100.6B

See more data about 0019 stock on TipRanks’ Stock Analysis page.

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