CK Infrastructure "stronger than ever" after "outstanding" first half

CK Infrastructure Holdings Ltd on Wednesday reported a surge in profit, mainly due to joint venture sale proceeds, for its first half.

The Hong Kong-based infrastructure investor, which is 75.7% owned by industrial conglomerate CK Hutchison Holdings Ltd, reported pretax profit of HKD21.53 billion, or £2.03 billion, for the first six months of 2026. This was up from HKD4.62 billion the year before. Earnings per share, meanwhile, multiplied to HKD8.43 from HKD1.73.

Chair Victor Li noted that the "outstanding interim performance aptly marks the 30th anniversary milestone" since CKI's listing in mid-1996.

Turnover for the period was HKD19.63 billion, down 3.6% from HKD20.36 billion.

CKI noted that during the period, it booked a HKD11.21 billion gain on the disposal of its interests in the UK Power Networks Holdings Ltd joint venture, alongside CK Asset Holdings Ltd and Power Assets Holdings Ltd.

Also, its share of results of associates increased to HKD5.71 billion from HKD1.38 billion, and its share of results of joint ventures increased to HKD4.94 billion from HKD3.03 billion.

The firm declared a 75 Hong Kong cents per share interim dividend, up 2.7% on-year from 73 cents.

CKI also reported net cash totalling HKD33.9 billion as at June 30, with Li saying that its "financial position is stronger than ever" and it "has ample capacity to pursue large scale capital intensive projects."

Also looking ahead, Li noted that global market volatility "is expected to persist in the foreseeable future," but claimed that "CKI is well-positioned to capitalise on upcoming opportunities in the market".

"The group's strong financial position, good track record in operations, and value creation capabilities give us a good edge in studying new investment opportunities," he continued. "We will also continue to leverage on our successful partnerships with other member companies of the CK Group, including CK Asset and Power Assets, who also possess ample cash on hand, to invest in mutually attractive new projects...Organic growth plans for the group's businesses are also in place."

CK Infrastructure shares were 0.9% lower at 576.00 pence on Wednesday morning in London.

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