CK Hutchison H1 2026 CKHGT underlying profit up 7% to RMB32.77 billion; Europe 3 Group EBIT down 30%
CK Hutchison reported H1 2026 results: attributable profit surged 30.46 times to RMB26.801 billion, with interim dividend up 5% to RMB0.7455. Excluding UK telecom, underlying profit rose 6.72% to RMB12.581 billion. Total revenue increased 6.12% to RMB255.392 billion, and EBITDA grew 63.01% to RMB92.888 billion. CKHGT underlying profit rose 7% to RMB32.774 billion, but underlying EBIT fell 37% to RMB1.787 billion. Europe 3 Group's underlying EBIT declined 30% to RMB1.56 billion, with revenue down 1% in local currency.
CK Hutchison announced its 2026 interim results, with profit attributable to shareholders of RMB26.801 billion, up 30.46 times year-on-year, and earnings per share of RMB7. The interim dividend is RMB0.7455 per share, up 5% year-on-year. Underlying profit excluding the UK telecommunications business was RMB12.581 billion, up 6.72% year-on-year. Total revenue was RMB255.392 billion, up 6.12% year-on-year. Total EBITDA was RMB92.888 billion, up 63.01% year-on-year, and EBIT was RMB55.177 billion, up 1.38 times year-on-year.
For CKHGT, underlying profit for the first half of 2026 was RMB32.774 billion, up 7% year-on-year. Underlying EBITDA was RMB10.19 billion, down 5% year-on-year, and underlying EBIT was RMB1.787 billion, down 37% year-on-year. The decline was mainly due to a non-recurring gain of approximately RMB700 million from bond repurchases recognised in the first half of 2025, as well as lower contributions from Europe 3 Group.
Europe 3 Group's underlying profit for the first half was RMB29.04 billion, down 1% year-on-year in local currency, mainly due to the loss of wholesale business in Italy, partially offset by an increase in customer numbers. Underlying EBITDA was RMB9.352 billion, down 5% year-on-year, mainly due to Wind Tre's loss of wholesale business, partially offset by improved customer service gross margin and cost control. EBITDA improved in all countries except Austria. Underlying EBIT was RMB1.56 billion, down 30% year-on-year.
Looking ahead to the second half of 2026, Europe 3 Group will focus on reducing costs to improve profitability. Over the next five years, it will implement measures including developing and adopting industry-leading technologies, artificial intelligence tools and agents to enhance productivity and reduce costs. On the operational front, it will strive to expand total customer numbers and broaden its new product and service portfolio to maintain stable business performance.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is neutral for Telecom Operators, with intensity 30/100 and 60% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.