Jardine Matheson has reported earnings of US$1.1 billion for its FY2025, a turnaround from losses of US$468 million incurred in the preceding year.
Revenue in the same period was down 4% to US$34.2 billion.
Underlying profit attributable to shareholders, which the company says is a "key measure" to describe its core business performance, increased by 11% to US$1.68 billion.
In line with the stronger bottom line, Jardine Matheson plans to pay a full dividend of US$2.35 per share, a slight increase of 4%.
In the past couple of years, various Jardine group companies, especially Hongkong Land, has embarked on an active capital recycling plan, other key units such as DFI Retail Group has divested non core, under performing units, and even Jardine Cycle & Carriage, which is its holding company for its southeast Asian interests, is poised for a more shareholder-focused direction as well.
In FY2025, Jardine as a whole recycled US$4.8 billion in capital and re-invested US$2.8 billion. Meanwhile, its free cash flow improved by 7% to US$933 million.
See also: Hongkong Land's underlying profit for FY2025 down 8%; earnings reach US$1.26 bil
"Jardines delivered an improved performance in 2025, driven by sustainable growth in underlying earnings and active capital recycling which resulted in an improved five-year total shareholders' return of 8.8% per year," says executive chairman Ben Keswick.
"Our efforts to strengthen management teams and boards across our portfolio, including at Jardine Matheson, has seen clearer strategies with sustainable earnings improvement across the portfolio," he adds.
Lincoln Pan, the newly appointed CEO, says the company's focus this year is to continue to recycle capital from lower-yielding assets and assets it does not control, and to redeploy this capital toward opportunities with returns above its hurdle rate to enhance and expand its core businesses.
See also: DFI Retail reports underlying profit of US$270 mil for FY2025, up 35% y-o-y
"2026 will be an extremely busy and productive year ahead," says Pan.
Jardine Matheson shares surged by 7.68% on March 10 to close at US$78.40.
