Hutchison Port Holdings Trust

Name: Hutchison Port Holdings Trust financial statements and ratios
Creator: Annalist

NS8U · SGX · Industrials, port operations · Singapore · IFRS · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 5 February 2026. Snapshot FY2025_4fc13b5b.

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Overview

Revenue, fiscal year

+2.6% year on year

Operating profit, fiscal year

+8.1% year on year

Net income, fiscal year

n/a

Diluted EPS, fiscal year

n/a

Operating margin, fiscal year

+2.1pp year on year

Return on invested capital, fiscal year

n/a

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was HK$11.9 billion, 2.6% higher than in the previous fiscal year.
Weakenedin FY2025 · stated since FY20242.6% from 8.8% in FY2024
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 WeakenedRevenue for the fiscal year ended 31 December 2025 was HK$11.9 billion, 2.6% higher than in the previous fiscal year.Recorded from FY2025_4fc13b5b · data update
2. FY2024 NewRevenue for the fiscal year ended 31 December 2024 was HK$11.6 billion, 8.8% higher than in the previous fiscal year.Reconstructed · data update
3. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
4. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was HK$10.6 billion, 12.6% lower than in the previous fiscal year.Reconstructed · initial
The operating margin for fiscal 2025 was 39.9%, 2.1 percentage points higher than a year earlier.
Weakenedin FY2025 · stated since FY2024
Rule: Operating margin against a year earlier · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 WeakenedThe operating margin for fiscal 2025 was 39.9%, 2.1 percentage points higher than a year earlier.Recorded from FY2025_4fc13b5b · data update
2. FY2024 NewThe operating margin for fiscal 2024 was 37.8%, 6.6 percentage points higher than a year earlier.Reconstructed · data update
3. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
4. FY2023 NewThe operating margin for fiscal 2023 was 31.2%, 4.0 percentage points lower than a year earlier.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents5 documents, latest Annual report for the year to 31 December 2025List

DownloadsExcel workbook · JSON

SnapshotFY2025_4fc13b5b

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, Hong Kong dollars

Operating Profit

By fiscal year, Hong Kong dollars

Margins

By fiscal year, per cent

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes0thresholds crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

These ratios have no value for the figures of this company.

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

These ratios have no value for the figures of this company.

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityAccruals and the cash backing of reported earnings.

Accruals and the cash backing of reported earnings.

These ratios have no value for the figures of this company.

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresPublished distress and misstatement models, with their original coefficients and thresholds.

Published distress and misstatement models, with their original coefficients and thresholds.

These ratios have no value for the figures of this company.

Source Documents

Documents of this snapshot, latest first. A report that states no date of publication carries the date on which its board approved the statements.

Document	Date	Id	SHA-256
Annual report for the year to 31 December 2025	5 Feb 2026, the date on which the board approved the statements	AR:hph-trust-2025-12-31	5a5cc9b9ee07
Annual report for the year to 31 December 2024	7 Feb 2025, the date on which the board approved the statements	AR:hph-trust-2024-12-31	bfe0f499ba40
Annual report for the year to 31 December 2023	7 Feb 2024, the date on which the board approved the statements	AR:hph-trust-2023-12-31	1ffcb9ab7322
Annual report for the year to 31 December 2022	7 Feb 2023, the date on which the board approved the statements	AR:hph-trust-2022-12-31	4172139b4521
Annual report for the year to 31 December 2021	9 Feb 2022, the date on which the board approved the statements	AR:hph-trust-2021-12-31	7e64c39a248c

Checks

251251 checks, all passed

Statement arithmetic160 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Fiscal calendar11 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity6 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Agreement between annual reports72 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	120
Confirmed by other figures	71.7%, 86 values
Confirmed by a second document	60.0%, 72 values
Derived from reported figures	10.0%, 12 values
Values withheld	0
Restated figures tracked	0
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Hutchison Port Holdings Trust, snapshot hph-trust/FY2025_4fc13b5b (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_4fc13b5b · dataset SHA-256 4fc13b5b56126eaaa900494b56ebf9c7f5004be088137f659f759fd389104759 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json