Key Takeaways
- • Profit attributable to owners surged 321.8% to HK$1,593 million in 2025, driven by strong investment performance across the alternative investment platform, with earnings per share rising to 81.4 HK cents from 19.3 HK cents year-over-year.
- • Total income increased 28.4% to HK$5,474 million, while EBIT grew 50.1% to HK$2,672 million, reflecting broad-based operational strength across core business segments.
- • Assets under management expanded 57% to US$3.2 billion through the Alternative Solutions platform (formerly Funds Management), demonstrating significant traction despite a challenging 2025 fundraising environment.
- • Investment Management business delivered enhanced returns across a diversified portfolio, while the Credit business remained resilient and contributed solid performance amid economic headwinds.
- • Total dividend per share increased 3.8% to 27.0 HK cents, with a second interim dividend of 15.0 HK cents (up 7.1%), signaling confidence in sustained earnings momentum and shareholder returns.
Summary
Sun Hung Kai & Co. Limited (Stock Code: 86.HK) announced robust 2025 annual results marked by a significant recovery in profitability and operational performance. Profit attributable to owners of the Company jumped to HK$1,593 million, representing a 321.8% increase from HK$378 million in 2024. This substantial uplift was underpinned by strong investment performance across the Group's alternative investment platform, with basic earnings per share climbing correspondingly to 81.4 HK cents from 19.3 HK cents in the prior year.
Revenue growth was broad-based, with total income rising 28.4% to HK$5,474 million compared to HK$4,262 million in 2024. Earnings before interest and tax (EBIT) expanded even more sharply, increasing 50.1% to HK$2,672 million, indicating improved operational leverage and margin expansion across the business. The company's core alternative investment platform delivered the primary driver of performance, with the Investment Management business posting enhanced returns across its diverse portfolio holdings.
The Alternative Solutions platform (formerly known as Funds Management) was a notable standout, achieving 57% growth in total assets under management to reach US$3.2 billion during what the company characterized as a challenging fundraising environment in 2025. This growth trajectory underscores strong investor demand and successful capital deployment in the alternatives space. The Credit business maintained its role as a solid contributor, demonstrating resilience and navigating the difficult macroeconomic backdrop successfully. Book value per share increased 5.6% to HK$11.4, reflecting accretive earnings generation and balance sheet strength.
The company returned increased capital to shareholders, raising the total dividend per share by 3.8% to 27.0 HK cents, comprising a second interim dividend of 15.0 HK cents (up 7.1% from the prior year). This dividend increase reflects management's confidence in the sustainability of improved earnings and the Group's financial position heading into 2026.
Revenue growth was broad-based, with total income rising 28.4% to HK$5,474 million compared to HK$4,262 million in 2024. Earnings before interest and tax (EBIT) expanded even more sharply, increasing 50.1% to HK$2,672 million, indicating improved operational leverage and margin expansion across the business. The company's core alternative investment platform delivered the primary driver of performance, with the Investment Management business posting enhanced returns across its diverse portfolio holdings.
The Alternative Solutions platform (formerly known as Funds Management) was a notable standout, achieving 57% growth in total assets under management to reach US$3.2 billion during what the company characterized as a challenging fundraising environment in 2025. This growth trajectory underscores strong investor demand and successful capital deployment in the alternatives space. The Credit business maintained its role as a solid contributor, demonstrating resilience and navigating the difficult macroeconomic backdrop successfully. Book value per share increased 5.6% to HK$11.4, reflecting accretive earnings generation and balance sheet strength.
The company returned increased capital to shareholders, raising the total dividend per share by 3.8% to 27.0 HK cents, comprising a second interim dividend of 15.0 HK cents (up 7.1% from the prior year). This dividend increase reflects management's confidence in the sustainability of improved earnings and the Group's financial position heading into 2026.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.