CK Infrastructure profit inches up in 2025 before UK disposals

CK Infrastructure Holdings Ltd on Wednesday said it increased revenue and profit in its last full-year results that include contributions from UK Power Networks Holdings Ltd, set to be sold to by July.

The Hong Kong-based infrastructure investor is 75.7% owned by industrial conglomerate CK Hutchison Holdings Ltd.

Last month, CK Infrastructure, together with Power Assets Holdings Ltd and CK Asset Holdings Ltd, agreed to sell UK Power Networks to Paris-based electricity and gas provider Engie SA. The partners had held 40%, 40% and 20% of UK Power Networks, respectively. CK Hutchison said CK Infrastructure would receive £4.22 billion for its share, or HK$44.30 billion.

CK Infrastructure expects to book a gain of HK14.5 billion, about £1.38 billion, from the disposal, the companies said last month.

CK Infrastructure has a market capitalisation of HK$163.40 billion. Its shares were up 0.3% to 610.00 pence late Wednesday morning in London.

The company also said it completed the divestment of Eversholt UK Rails Ltd in January, after the reporting period.

Pretax profit for 2025 was HK$8.84 billion, or £844.6 million, up 2.0% from HK$8.67 billion in 2024.

This was on revenue of HK$41.68 billion, up 6.9% from HK$38.99 billion.

Net assets by 5.0% to HK$137.85 billion, or £13.17 billion, as of December 31f rom HK$131.24 billion a year previous.

However, the company said attributable pretax profit contributions from Hong Kong and mainland China almost halved. It was down 48% to HK$68 million in 2025 from HK$133 million in 2024, as CK Infrastructure noted the cement business faced weak volumes in China and decreasing prices in Hong Kong.

That is in contrast to a 58% growth to HK$961 million from HK$607 million in attributable profit contribution coming from continental Europe, due to a mix of tax windfalls in Germany, accretive acquisitions, and a waste plant coming back online.

The attributable contributions from Australia, Canada, and the UK all changed by less than one percent, while New Zealand’s grew by 8.1% to HK$200 million from HK$185 million, due to strong performances by a group waste management firm and a utility company.

The company raised its final dividend to HK$1.88 per share from HK$1.86 a year before, bringing the total dividend for 2025 to HK$2.61, or £0.25, up 1.2% from 2024’s HK$2.58.

In his outlook for 2026, Chair Victor TK Li said there are opportunities for growth and expansion despite macroeconomic challenges.

‘Many of the group’s businesses are growing organically and are actively expanding their portfolios. This is especially evident in the unregulated arms of our regulated businesses as well as in companies which have large numbers of contracted businesses’, he said.

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