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Financial & Operating Highlights

Profit and Loss 2025
US$m
2024
US$m
2023
US$m
2022
US$m
2021
US$m
Revenue* 8,868.9  8,868.9 9,169.9 9,174.2 9,188.2
Profit/(loss) attributable to shareholders 234.7  (244.5) 32.2 (114.6) 102.9
Underlying profit attributable to shareholders 270.3  200.6 154.7 28.8 104.6
  US¢ US¢ US¢ US¢ US¢
Underlying earnings per share 20.05 14.91 11.49 2.14 7.73
Earnings/(loss) per share 17.41 (18.17) 2.39 (8.51) 7.61
Ordinary dividend per share 14.00 10.50 8.00 3.00 9.50
Special dividend per share 44.30 - - - -


*Figure in 2021 has been restated to include revenue from other sources.

2026 Half-Year Results

  • Underlying profit from continuing businesses1 grew 44% to US$117 million
  • Reported profit was US$118 million, compared to a US$38 million loss in the prior year period
  • Like-for-like (LFL) subsidiary sales growth from continuing businesses2 improved to 3%
  • Health & Beauty sustained strong LFL sales; Convenience and Home Furnishings returned to growth
  • E-commerce and DFIQ Media contributed to approximately 35% of sales growth
  • Return on capital employed improved to 12%, up from 9% as of December 2025
  • Interim dividend of US¢6.20 per share, up 77% year-on-year. Maintain full-year dividend payout of 70%
  • Raised full-year organic revenue3 growth guidance to be between 3.0% and 4.0%, and underlying profit to be between US$285 million and US$305 million
  • Announced 100% interest acquisition of Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong
Results (unaudited)
Six months ended 30 June

 
    2026
US$m
2025
US$m
Change
%
Revenue 4,139 4,387 -6
Underlying profit attributable to shareholders*
117 105 +11
Profit/(loss) attributable to shareholders
118 (38) n/a
  US¢ US¢ %
Underlying earnings per share* 8.69 7.79 +12
Earnings/(loss) per share 8.76 (2.79) n/a
Interim dividend per share 6.20 3.50 +77
Special dividend per share - 44.30 n/a

* The Group uses ‘underlying profit’ in its internal financial reporting to distinguish between ongoing business performance and non-trading items, as more fully described in note 8 to the condensed financial statements. Management considers this to be a key measure which provides additional information to enhance understanding of the Group’s underlying business performance.

1 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail

2 Excluding impacts of divestment of Singapore Food business and closure of Mannings China

3 Excluding Singapore Food and Mannings China

 

Store Network 2025 2024 Net Change
Health and Beauty 1,533  1,524 +9
Convenience 3,527  3,436 +91
Food 443  429 +14
Home Furnishings 26  26 -
Restaurants 2,051  2,023 +28
  7,580  7,438 +142

Note: Including 2,051 associates and joint ventures stores in 2025 (2024: 2,023), on a comparable and continuing basis.

Financial Results

2026
Half Year Results
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