Guoco Group (53) H2 2026 earnings summary

Executive summary

• Profit attributable to equity shareholders fell 20% year-over-year to HK$3,214 million, with EPS at HK$9.88, reflecting mixed segment performance and significant impairment provisions.

• Revenue declined 10% to HK$22.0 billion, mainly due to lower property development revenue in Singapore, partially offset by growth in hospitality and leisure.

• Final dividend proposed at HK$2.90 per share, total dividend for the year at HK$3.60 per share, up 3% year-over-year.

Financial highlights

• Turnover decreased 15% to HK$22,955 million; revenue down 10% to HK$22,022 million year-over-year.

• Profit attributable to equity shareholders dropped 20% to HK$3,214 million; EPS down 20% to HK$9.88.

• Equity per share rose 3% to HK$215.38.

• Net debt stood at HK$5.6 billion; equity-debt ratio at 93:7.

Outlook and guidance

• Ongoing geopolitical tensions, commodity price volatility, and macroeconomic uncertainty expected to drive continued market volatility.

• Focus remains on strategic execution, capital discipline, and leveraging a diversified portfolio to enhance resilience.