In its interim statement for 3QFY2025, Jardine Matheson Holdings says that the company’s portfolio in the third quarter was in line with expectations at the half year, with profit guidance for the full year remaining unchanged.
Astra, the group’s Indonesian company, reported flat revenue and a “modest” decrease in underlying profit for 3QFY2025. There was stronger performance from Astra’s financial services, motorcycle and infrastructure businesses offset in part by lower contributions from coal mining.
In October, Astra and United Tractors announced share buyback programmes of up to US$120 million ($156.98 million) each. In October, Astra and United Tractors both announced share buyback programmes of up to US$120 million each.
Hongkong Land’s underlying profit in the quarter was lower y-o-y due to reduced contributions from the Hong Kong office portfolio and pre-opening costs of the group’s China property investments.
Hongkong Land recycled at least US$4 billion of capital by the end of 2027, by selling the Singapore and Malaysia residential developer MCL Land for total net proceeds of US$657 million.
DFI Retail Group reported a 48% y-o-y increase in underlying profit for the 3QFY2025, supported by lower financing costs and higher underlying profit from associates, following the divestment of Yonghui and Robinsons Retail.
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DFI Retail had US$648 million net cash as at Sept 30, and declared a special dividend of US¢44.30 per share in July 2025, which was paid in October 2025.
Jardine Pacific reported higher underlying net profit in the third quarter compared to the same period last year.
Meanwhile, Mandarin Oriental (MO) saw slightly higher net profit in the third quarter compared to the prior year, benefiting from increased Revenue per Available Room (RevPAR) in all regions except Southeast Asia, with particularly robust growth in the Middle East and America.
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For MO, three new hotel and residences management agreements were announced in the third quarter — in Dubai, Seoul and Xian, China – while in the fourth quarter MO’s European portfolio will increase to 18 hotels with the opening of Mandarin Oriental, Vienna.
In October 2025, MO announced the sale of 13 floors of its newly completed Grade A commercial building, One Causeway Bay, to Alibaba Group. At the same time, the company and MO jointly announced an offer for the company to acquire the remaining 12% of MO's shares it does not already own. If these transactions are completed as planned, MO is expected to become fully-owned by the company in the first quarter of 2026.
JMH announced a share buyback programme on Nov 3, which intends to return US$250 million to Jardine Matheson shareholders before the end of 2026.
Shares in Jardine Matheson closed US$1.10 lower or 1.74% down at US$62.15 on Nov 21.
