ANNUAL REPORT 2025 159 NOTES TO THE FINANCIAL STATEMENTS 8 Distributions 2025 2024 HK$’000 HK$’000 For the period from 1 July 2023 to 31 December 2023 Distribution of 7.70 HK cents per unit – 670,754 For the period from 1 January 2024 to 30 June 2024 Distribution of 5.00 HK cents per unit – 435,556 For the period from 1 July 2024 to 31 December 2024 Distribution of 7.20 HK cents per unit 627,199 – For the period from 1 January 2025 to 30 June 2025 Distribution of 5.00 HK cents per unit 435,555 – 1,062,754 1,106,310 On 5 February 2026, the Board of Directors of the Trustee-Manager approved the distribution of 6.50 HK cents per unit for the fi nancial result from 1 July 2025 to 31 December 2025 (2024: 7.20 HK cents per unit) amounting to HK$566.2 million (2024: HK$627.2 million) and payable on 27 March 2026. This distribution is not refl ected in these fi nancial statements and will be recognised in equity in the fi nancial year ending 31 December 2026. 9 Earnings per unit The calculation of earnings per unit is based on profi t attributable to unitholders of HPH Trust of HK$748,266,000 for the year ended 31 December 2025 (2024: HK$649,975,000) and on 8,711,101,022 units in issue (2024: 8,711,101,022 units in issue). Diluted earnings per unit is the same as the basic earnings per unit for the years ended 31 December 2025 and 2024. 10 Fixed assets Group Properties Container handling equipment Barges Other fi xed assets Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 2025 Opening net book amount 13,205,743 5,354,202 808 358,877 18,919,630 Additions 44,210 77,681 – 937 122,828 Transfer from projects under development (Note 11) 82,664 226,765 – 58,376 367,805 Depreciation (577,944) (548,580) (8) (53,899) (1,180,431) Disposals – (668) – (207) (875) Currency translation diff erences 75,707 17,029 – 3,939 96,675 Closing net book amount 12,830,380 5,126,429 800 368,023 18,325,632 At 31 December 2025 Cost 21,334,198 14,673,398 9,484 1,152,636 37,169,716 Accumulated depreciation (8,503,818) (9,546,969) (8,684) (784,613) (18,844,084) Net book amount 12,830,380 5,126,429 800 368,023 18,325,632
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