Hutchison Port Holdings Trust (HPH Trust) announced a distribution per unit (DPU) of 11.5 HK cents (1.9 cents) for FY2025, 5.7% lower than the FY2024 DPU of 12.2 cents, mainly due to the increase in statutory reserve set aside for Yantian in 025.
Revenue rose by 2.6% y-o-y to HK$11.86 billion. Combined container throughput for HIT, COSCO-HIT and ACT (collectively known as HPHT Kwai Tsing) fell by 6.4% y-o-y mainly due to lower empty and transshipment cargoes.
HIT refers to Terminals 4, 6, 7 as well as two berths in Terminal 9, at Kwai Tsing, Hong Kong. COSCO-HIT refers to Terminal 8 East, while ACT refers to Terminal 8 West. Both are also located at Kwai Tsing, Hong Kong.
During the year, container throughput of Yantian International Container Terminals (YICT) increased by 7.1% y-o-y mainly driven by the increase in the laden exports, inbound empty and transshipment cargoes.
Average revenue per twenty-foot equivalent unit (TEU) for Hong Kong was comparable while average revenue per TEU in Mainland China was “slightly below” y-o-y, mainly due to a higher portion of transshipment cargoes.
Other operating income rose by 13.3% y-o-y to HK$68.5 million. This was mainly attributed to exchange gains from the revaluation of YICT’s RMB-denominated financial assets in 2025.
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Other operating expenses fell by 13.7% y-o-y to HK$486.7 million mainly from the debts recovered in 2025. The lower expenses were also due to last year’s bad debt provision and higher exchange loss largely arising from revaluation of YICT’s RMB-denominated financial assets in 2024.
As such, total operating profit rose by 8.1% y-o-y to HK$4.73 billion.
HPH Trust reported HK$79.4 million in share of net losses from its associate companies, improving by 9.2% y-o-y, mainly due to better performance of Huizhou International Container Terminal.
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Share of net losses of joint ventures fell by 0.9% y-o-y to HK$43.7 million.
Net profit rose by 12.9% y-o-y to HK$2.45 billion.
During the year, HPH Trust received HK$415.3 million as cash compensation for the future disposal of assets classified as held for sale.
Dividends received from associated companies ad joint ventures stood at HK$31.3 million, HK$26.8 million above last year’s, due to higher dividends from associated companies in Mainland China.
Looking ahead, HPH Trust says it will monitor developments in evolving trade patterns and identify new services and opportunities with its shipping line customers. The company is expecting a “complex landscape” ahead amid shifting trade and tariff policies and rising geopolitical tensions.
As at Dec 31, 2025, HPH Trust’s cash and cash equivalents stood at HK$8.68 billion. The trust’s net asset value (NAV) attributable to unitholders per unit stood at 2.86.
Units in HPH Trust closed 0.5 US cents lower or 2.27% down at 21.5 US cents. Its SG counter closed flat at 28 cents on Feb 5.
