Jardine Cycle & Carriage Limited (JC&C) has reported a 6% increase in underlying profit, reaching $529 million for the first half of 2025. The company attributes this growth to foreign exchange gains and reduced financing costs at the corporate level. Despite an 8% decline in total business contributions, primarily due to lower profits in its Indonesian operations, improvements in Vietnam and Singapore have bolstered the Group’s portfolio resilience.
The Group’s Managing Director, Ben Birks, noted, “Whilst the macroeconomic environment remains challenging, our Vietnamese businesses are expected to build on the country’s economic momentum for the rest of the year.” He emphasised the Group’s focus on long-term growth and shareholder returns.
JC&C’s Indonesian businesses contributed $466 million, a 9% decrease, whilst Vietnam’s contribution rose by 17% to $36 million. The Group’s profit attributable to shareholders was $371 million, down from $483 million in the same period last year, largely due to unrealised fair value losses on non-current investments.
The Board has declared an interim dividend of US¢28 per share, unchanged from 2024. Looking ahead, JC&C is reviewing its business strategies with portfolio companies to enhance future growth, with updates expected by the first half of 2026. Meanwhile, Astra, a key subsidiary, is advancing its strategic initiatives in automotive, renewable energy, and logistics infrastructure.
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