CKI posts steady profit growth, boosts dividend amid global uncertainty

CK Infrastructure Holdings Limited (CKI) reported a profit attributable to shareholders of HK$4,348 million for the first half of 2025, a 1% increase year-on-year. This performance contributed to an interim dividend of HK$0.73 per share, representing a 1.4% growth over the previous year. Earnings per share stood at HK$1.73. The company maintained a strong financial position with cash on hand of HK$4.7 billion and a net debt to net total capital ratio of 10.6%.

The UK infrastructure portfolio saw a significant profit contribution of HK$2,223 million, up 19%, driven by Northumbrian Water, gas distribution networks, and UK Power Networks. Conversely, the Australian infrastructure portfolio's profit contribution decreased by 8% to HK$793 million, primarily due to a weakening foreign exchange and lower contributions from Energy Developments. Continental Europe and New Zealand portfolios reported steady results, while the Canadian portfolio saw a 9% decrease in profit contribution.

A subsequent event in July 2025 involves the agreement to divest UK Rails, a joint venture, which is expected to significantly reduce the net debt to net total capital ratio upon completion. The company remains focused on organic growth and strategic acquisitions while navigating geopolitical tensions and economic uncertainty.