Hong Kong group with interests in property, beverages, aviation and other businesses, including stakes in Swire Properties and Cathay Pacific.
Profile & Fundamentals
Swire Pacific: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Swire Pacific Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Swire Pacific Limited engages in the property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, Taiwan, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office towers, shopping malls, hotels, retail space, star hotels, and serviced apartments, as well as residential projects; and trading portfolio consists of residential properties. It also owns and manages hotels in Hong Kong and Mainland China, as well as owns interests in the Mandarin Oriental hotel in the United States. The company's Aviation division provides flight catering, and passenger and ramp handling services; and owns and operates a cargo terminal at Hong Kong International Airport, as well as offers aircraft maintenance and modification services. Its Beverages division owns rights to manufacture, market, and distribute beverages to consumers. The company's Trading & Industrial division markets, retails, and distributes footwear, apparel, and accessories through its retail outlets; sells passenger cars, commercial vehicles, motorcycles, and scooters; operates a chain of bakeries; packages and sells sugar products under the Taikoo Sugar brand; and offers waste management, business consultancy, and financial services, as well as engages in property trading and investment activities. Swire Pacific Limited was founded in 1816 and is based in Central, Hong Kong. Swire Pacific Limited operates as a subsidiary of John Swire & Sons (H.K.) Limited.
Company profile record
Swire Pacific A
Common Stock · Real Estate · Diversified Real Estate Activities
Company
- Company / asset
- Swire Pacific A
- Security type
- Common Stock
- Sector
- Real Estate
- Industry
- Diversified Real Estate Activities
- HQ
- 🇭🇰 Hong Kong
- Head office
- One Pacific Place, Central, Hong Kong
Leadership & scale
- Full-time employees
- 92K
- Fiscal year end
- December
- IPO date
- 1959-04-14
Fundamentals snapshot
- Market Cap
- HKD 136.6B
- P/E
- 13.5x
- Revenue (Q2 26)
- HKD 49.4B
- Profit (Q2 26)
- HKD 6.8B
- Dividend Yield
- 4.0%
- Revenue (FY 25)
- HKD 90.5B
- Shares in public float
- 593.5M
- Insider ownership
- 56.86%
Reporting & identifiers
- Symbol
- 0019.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- HKD
- Balance Sheet Currency
- HKD
- Cash Flow Currency
- HKD
- EPS Currency
- HKD
- Contract Type
- SPOT
- ISIN
- HK0019000162
- Asset ID
- equity_2f9839c1-1f8d-58e7-930a-6c3079436d92
Ownership
Shares Outstanding
Latest: 1.4B | Max: 1.6B | Min: 1.3B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
43.48%
593.5M latest reported shares
Insider Ownership
56.86%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,503,813,300 |
| 2018-01-01 | 1,502,478,500 |
| 2019-01-01 | 1,554,830,400 |
| 2020-01-01 | 1,554,830,400 |
| 2021-01-01 | 1,501,580,000 |
| 2022-01-01 | 1,490,056,000 |
| 2023-01-01 | 1,444,556,000 |
| 2024-01-01 | 1,396,035,000 |
| 2025-01-01 | 1,348,640,000 |
| 2026-01-01 | 1,365,107,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent earnings show a striking difference between headline accounting results and underlying cash generation. While reported statutory profits fluctuated due to non-cash property revaluation adjustments, recurring operational profit in the first half of 2026 surged over forty percent. This strong recovery was driven by rebounding international aviation earnings, profitable residential sales, and steady regional soft-drink sales. This operational strength demonstrates that the group's core businesses are generating substantial real cash. Cash flow from operations easily covers interest payments and capital commitments, allowing the board to increase the interim dividend by fifteen percent. The underlying business is expanding its cash-generation capability despite a challenging commercial real estate market.
Recent earnings show a striking difference between headline accounting results and underlying cash generation. While reported statutory profits fluctuated due to non-cash property revaluation adjustments, recurring operational profit in the first half of 2026 surged over forty percent. This strong recovery was driven by rebounding international aviation earnings, profitable residential sales, and steady regional soft-drink sales. This operational strength demonstrates that the group's core businesses are generating substantial real cash. Cash flow from operations easily covers interest payments and capital commitments, allowing the board to increase the interim dividend by fifteen percent. The underlying business is expanding its cash-generation capability despite a challenging commercial real estate market.
Revenue, Net Income, and Free Cash Flow
Latest: HKD 90.5B | Max: HKD 94.8B | Min: HKD -11.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 12x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability trends reflect stability in consumer businesses alongside a recovery in transportation. Gross profit margins have remained exceptionally steady near thirty-seven percent, demonstrating that the beverage business and premier retail properties can pass along cost increases. Meanwhile, operating margins rebounded sharply from cyclical lows as passenger airline traffic normalized. While high aviation fuel expenses and lower office rents create quarterly friction, the group's core operational profitability is expanding. Cost-efficiency programs in aircraft maintenance and packaging automation are protecting operating spreads. As new luxury retail centers open and airline operations stabilize, normalized operating margins are expected to trend higher sustainably.
Profitability trends reflect stability in consumer businesses alongside a recovery in transportation. Gross profit margins have remained exceptionally steady near thirty-seven percent, demonstrating that the beverage business and premier retail properties can pass along cost increases. Meanwhile, operating margins rebounded sharply from cyclical lows as passenger airline traffic normalized. While high aviation fuel expenses and lower office rents create quarterly friction, the group's core operational profitability is expanding. Cost-efficiency programs in aircraft maintenance and packaging automation are protecting operating spreads. As new luxury retail centers open and airline operations stabilize, normalized operating margins are expected to trend higher sustainably.
Profitability Margins
Latest: 37.3% | Max: 44.7% | Min: -14.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
37.3%
Gross profit / revenue
Operating Margin
4.9%
Operating income / revenue
Net Margin
3.2%
Net income / revenue
FCF Margin
9.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 8,050,193,548.39 | 1,244,387,096.77 | 1,235,354,838.71 |
| 2017-12-31 | 10,280,281,690.14 | 3,338,028,169.01 | 1,500,640,204.87 |
| 2018-12-31 | 10,805,363,984.67 | 3,017,752,234.99 | 1,431,289,910.6 |
| 2019-12-31 | 10,995,121,951.22 | 1,156,225,930.68 | 773,170,731.71 |
| 2020-12-31 | 10,110,451,612.9 | -1,419,225,806.45 | 1,091,354,838.71 |
| 2021-12-31 | 11,641,282,051.28 | 656,410,256.41 | 954,871,794.87 |
| 2022-12-31 | 11,673,367,477.59 | 537,131,882.2 | 605,377,720.87 |
| 2023-12-31 | 12,141,229,193.34 | 3,694,366,197.18 | 808,962,868.12 |
| 2024-12-31 | 10,549,420,849.42 | 556,113,256.11 | 778,249,678.25 |
| 2025-12-31 | 11,628,149,100.26 | 377,634,961.44 | 1,151,156,812.34 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 11.65 | Trailing four quarters |
| 2024-12-31 | 2.96 | Trailing four quarters |
| 2022-12-31 | 24.4 | Annual net income |
| 2021-12-31 | 13.01 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 35.26 | 24.66 | 15.46 | 15.35 |
| 2017-12-31 | 35.25 | 44.67 | 32.47 | 14.6 |
| 2018-12-31 | 36.48 | 36.51 | 27.93 | 13.25 |
| 2019-12-31 | 37.15 | 16.1 | 10.52 | 7.03 |
| 2020-12-31 | 38.92 | 9.71 | -14.04 | 10.79 |
| 2021-12-31 | 38.85 | 13.33 | 5.64 | 8.2 |
| 2022-12-31 | 37.5 | 12.97 | 4.6 | 5.19 |
| 2023-12-31 | 37.07 | 32.29 | 30.43 | 6.66 |
| 2024-12-31 | 37.16 | 5.17 | 5.27 | 7.38 |
| 2025-12-31 | 37.29 | 4.92 | 3.25 | 9.9 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-06.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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