Jardine Matheson 2025 underlying profit up 11% at US$1.7 billion

Jardine Matheson reports an 11% rise in underlying profit to US$1.7 billion for FY2025, driven by strong retail contributions. Read more at straitstimes.com.

SINGAPORE - Hong Kong-based conglomerate Jardine Matheson Holdings on March 10 reported an 11 per cent increase in underlying profit to US$1.7 billion for the financial year ended Dec 31, 2025.

This was up from US$1.5 billion for FY2024, and came as full-year revenue fell 4 per cent year on year to US$34.2 billion, from US$35.8 billion previously.

Jardine Matheson attributed the improved performance to “a stable contribution from (the group’s Indonesian arm) Astra, much-improved contributions from DFI Retail and Jardine Pacific, and substantially lower net corporate costs” at the group level.

It noted that while Astra’s profit contribution declined 3 per cent to US$787 million amid “softer domestic economic conditions”, this was offset by a 35 per cent surge in contribution from DFI Retail to US$209 million, driven by “improved margins and proactive portfolio actions”.

The group’s net profit – comprising its underlying business performance and non-trading items – for the year came in at US$1.1 billion, reversing from a net loss of US$468 million for FY2024.

Earnings per share stood at US$3.78 for FY2025, compared with a loss per share of US$1.61 a year earlier. On an underlying basis, earnings per share rose to US$5.72 from US$5.24.