CK Hutchison Holdings’ reported earnings, under the Pre-IFRS 16 Basis, skyrocketed about 60 times due to the one-off extraordinary gain of HK$17.7 billion ($2.26 billion) from the disposal of interests in UK Rails and UK Power Networks.

The company on Thursday announced that its reported earnings in the first half of this year amounted to HK$26.7 billion, compared to the HK$440 million in the same period of 2025. Excluding one-off items and UK Telecom impact, the underlying profit attributable to ordinary shareholders rose six percent to HK$12.5 billion.

Total revenue in the period increased six percent to HK$255.3 billion.

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The port-to-telecom conglomerate founded by tycoon Li Ka-shing announced an interim dividend per share of HK$0.7455, a year-on-year increase of five percent.

Regarding the performance of different segments, the EBITDA for ports and related services increased four percent year-on-year. Excluding the impact from loss of contribution from Panama, EBITDA rose 10 percent year-on-year. The retail business’ EBITDA also hiked nine percent.

However, the EBITDA of infrastructure and CK Hutchison Group Telecom decreased three and five percent, respectively. The decrease of CK Hutchison Group Telecom’s EBITDA was primarily due to non-recurring treasury gains in the first half of last year and lower underlying EBITDA contribution from 3 Group Europe.

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EBITDA  —earnings before interest, taxes, depreciation, and amortization — measures a company’s operating performance by excluding financing costs, taxes, and certain non-cash expenses such as amortization and depreciation. EBITDA reflects a company’s ability to generate earnings from its business operations alone.

“The global environment was exceptionally turbulent and uncertain. The operating environment for the rest of 2026 is expected to remain challenging for the group’s businesses,” CK Hutchison Chairman Victor Li Tzar-kuoi said in the company announcement on Thursday.

Li added that geopolitical tensions, most notably the US–Iran war and repeated disruptions to shipping in the Strait of Hormuz, triggered significant volatility in commodity prices, renewed inflationary pressures, and weaker growth forecasts globally.