China Merchants Port reports Q3 performance, board actions on equity plan, subsidiary loan

China Merchants Port Group reported a slight increase in operating income for the third quarter of 2025, reaching CNY 4.29 bn, a 2.44% rise from the previous year. Net profit attributable to shareholders decreased marginally by 0.78% to CNY 1.18 bn. For the nine months ending September 30, 2025, operating income grew by 4.89% to CNY 12.76 bn, with net profit attributable to shareholders up 1.89% to CNY 3.81 bn.

The board of directors approved the cancellation of 13,500 unexercised stock options from the first phase of its equity incentive plan, belonging to one participant who no longer meets eligibility criteria. This action, approved on October 29, 2025, aligns with the company's equity incentive management regulations.

Additionally, the company’s board approved a related-party transaction to provide financial assistance of $19.6 m to its associate, Terminal Link SAS (TL), at an annual interest rate of 8.25% for a term of 10 years. This loan, intended to support TL's Kingston Freeport Terminal expansion project, will be matched proportionally by TL's other major shareholder, CMA CGM SA. This resolution will be presented for shareholder approval at the second extraordinary general meeting of 2025 on November 17, 2025.