CK Hutchison Posts HK$852 Million Profit in H1 2025 as $22.8 Billion Ports Sale Backed by BlackRock Faces Regulatory Approvals

CK Hutchison Holdings reported a first-half profit of HK$852 million for 2025, a sharp decline from HK$10.2 billion in the same period last year, representing a drop of more than 90%. Despite this, the conglomerate's underlying profit rose by 11% in the first half. The company is navigating geopolitical challenges and is actively pursuing the sale of its global ports business, a transaction valued at approximately $22.8 billion. The sale, backed by a BlackRock consortium and involving a new Chinese investor, remains politically sensitive and requires approvals from multiple authorities, including China, the US, the UK, and the EU. CK Hutchison has indicated that the deal is unlikely to be completed within 2025 but expressed optimism about its eventual success. An update on the port asset sale is expected to be provided to investors soon. Meanwhile, Victor Li, a key figure in the company, has reportedly skipped recent briefings related to the sale.