CK Hutchison Holdings Ltd (HK:0001)
:0001
Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.63Last Year’s EPS
2.96Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture on an underlying basis: revenue, underlying net earnings, underlying EBITDA and operating cash flows improved, net debt and cost of debt fell, and liquidity remained strong. Divisional performances were broadly solid (ports, retail, infrastructure, associated investments), and management completed value-accretive corporate actions (UK telecom merger proceeds, disposals). Key near-term negatives include reported earnings impact from large non‑cash one-offs, substantial weakness in Health & Beauty China, legal uncertainty in Panama and short-term cash/EBIT pressure from the UK telecom integration. Overall the positives and balance-sheet improvements materially outweigh the lowlights, though a few concentrated risks (China retail performance, Panama, telecom integration) warrant monitoring.Company Guidance
Revenue Growth (2025)
Group revenue rose 6% year-on-year in 2025, of which ~2% was FX-driven and c.4% was underlying growth, representing about HKD 19 billion of incremental revenue.
Underlying Net Earnings and EPS Focus
Underlying net earnings increased 7% (about HKD 1.5 billion) year-on-year; management linked dividends to underlying performance rather than reported results.
Strong Underlying EBITDA Performance
Underlying EBITDA reached HKD 115.7 billion (reported HKD 104.8 billion). Underlying EBITDA increased by ~9% (HKD 9.4 billion), with ~7% underlying growth and ~2% attributable to favourable FX.
Robust Cash Generation and Liquidity
Operating free cash flow improved to HKD 40.5 billion (up 4% year-on-year). Underlying free cash flow was HKD 26.3 billion (up 29% excluding merger proceeds); including cash proceeds from the VodafoneThree merger, free cash flow was HKD 41.2 billion (up 102%). Cash and liquid assets were strong at HKD 151 billion.
Balance Sheet Improvement and Cost of Debt
Net debt reduced to approx. HKD 113 billion (down ~HKD 16 billion vs 2024). Consolidated total net debt to net total capital improved to 13.9% from 16.2%. Average cost of debt fell from 3.6% to 3.3%; gross debt HKD 263 billion with average maturity 4.8 years.
Ports Division: Revenue and Throughput Growth
Ports revenue reached HKD 48.9 billion (up 8% YoY). Throughput increased 3% to 90.1 million TEUs. Ports EBITDA rose 8% (7% in local currency) to HKD 17.4 billion, driven by Europe, the Americas and higher storage income.
Retail (A.S. Watson): Scale, Revenue and EBITDA Gains
Retail revenue grew 10% to HKD 209.3 billion. The store network expanded net ~239 stores (988 opened, 749 closed) to 17,114 (2% growth). Retail EBITDA rose 11% to HKD 18.2 billion (5% in local currencies); underlying retail EBITDA up 5% to HKD 17.3 billion.
Infrastructure (CKI) Steady Performance and De-risking
CKI delivered well-distributed growth; reported contribution to group EBITDA up 6% YoY (5% in local currencies). Disposal of UKPN and other transactions improved group liquidity and crystallized value while CKI maintains modest gearing and asset-level gearing near ~50%.
Telecom: Merger Progress and Proceeds
Free/Vodafone U.K. merger completed May 2025; group received ~GBP 1.3 billion net proceeds. Free Group Europe underlying EBITDA grew 6% in local currency; the U.K. merged entity delivered EBITDA growth (19% YoY) and the integration is on track to target GBP 700 million of synergies by year five.
Associated Investments Delivered Material Value
Cenovus (16.4% stake) appreciated materially (share price from CAD15 to ~CAD32 since April 2024), roughly doubling the value of the holding (from under CAD 5 billion to just over CAD 10 billion). TPG Australia realized AUD 4.7 billion net proceeds and returned AUD 3 billion to shareholders and repaid AUD 2.7 billion debt; Indosat (IOH) staged a recovery and HUTCHMED showed encouraging progress.
Sustainability and Green Spending
Group recorded elevated green spending of about USD 1.9 billion in 2025, completed TCFD-aligned scenario work and adopted SBTi-validated targets and several net-zero opportunities (renewables, electrification, efficiency, supply chain decarbonization).
HK:0001 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:0001 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | HK$60.95 | HK$59.95 | -1.64% |
Aug 14, 2025 | HK$51.49 | HK$51.30 | -0.38% |
Mar 20, 2025 | HK$43.66 | HK$42.75 | -2.07% |
Aug 15, 2024 | HK$38.72 | HK$38.30 | -1.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CK Hutchison Holdings Ltd (HK:0001) report earnings?
CK Hutchison Holdings Ltd (HK:0001) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is CK Hutchison Holdings Ltd (HK:0001) earnings time?
CK Hutchison Holdings Ltd (HK:0001) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of CK Hutchison Holdings Ltd stock?
The P/E ratio of CK Hutchison Holdings is N/A.
What is HK:0001 EPS forecast?
HK:0001 EPS forecast for the fiscal quarter 2026 (Q2) is 3.63.