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Jardine Cycle & Carriage
Financial highlights
- Underlying net profit up 1% to US$1,110m
- Excluding Astra, underlying net profit up 68% to US$183m
2025 |
2024 |
Change (%) |
|
|---|---|---|---|
5Y TSR (%) |
16.4% |
3.5% |
12.9ppts |
Underlying net profit (US$m) |
1,110 |
1,102 |
+1% |
Underlying net profit (excluding Astra) (US$m) |
183 |
109 |
+68% |
Contribution to JMH underlying net profit (excluding Astra) (US$m) |
155 |
99 |
+56% |
Dividend paid to JMH parent (US$m) |
376 |
376 |
– |
Net debt (excluding Astra) (US$m) |
(584) |
(835) |
-30% |
Figures above are on a 100% Jardine Cycle & Carriage basis
Including Astra, Jardine Cycle & Carriage (JC&C)’s contribution to JMH’s underlying net profit increased by 4% to US$942 million. Excluding Astra, JC&C contributed US$155 million to JMH’s underlying net profit, up 56% due to a higher contribution from the Vietnam businesses, foreign exchange gains and lower financing costs at the JC&C corporate level improved JC&C’s overall profitability.
In December 2025, JC&C divested 4.6% of its shares in Vinamilk for US$228 million, reducing its shareholding to 6.0%. On 26 February 2026, JC&C sold a further 3.5% interest in Vinamilk for approximately US$188 million. JC&C’s parent company net debt finished the year US$239 million lower at US$577 million.
Value creation
Total shareholder return (%)
Underlying EPS (US¢)
DPS (US¢)
