Wharf (1997.HK) earnings: next date, last results and guidance
When is Wharf's next earnings date, and what were its last results?
Last results
- SalesHK$6.34billion−1 %
Wharf's own figures for the half-year to June 2026. Growth is on a year earlier.
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Executive summary + 8 chapters · 18,021 words · 111 sources
Wharf guidance: what does it expect for the year to December 2026?
Management raised the payout ratio from 65% to 90% from 2026 and expects a 38% increase in base dividends. It targets HK$20 billion of consolidated net debt and 11% gearing by year-end 2026. It has kept the broader balance-sheet direction: operating cash covered distributions in each year from 2021 through 2025, and debt fell. No routine profit forecast is provided.
Consolidated net debt
20,000Year to Dec 2026 · given Aug 6, 2026
Gearing
11.0%Year to Dec 2026 · given Aug 6, 2026
Distribution ratio
90.0%2026 onwards · given Aug 6, 2026
Increase in base dividends
38.0%2026 onwards · given Aug 6, 2026
Guidance is management's forecast of what it expects to report, usually a range.
What do Wharf’s last eight reported periods show?
Revenue fell to HK$6.3 billion from HK$6.4 billion in the first half of 2025, and NPI fell to HK$4.4 billion from HK$4.5 billion. Yet underlying net profit rose 6% to HK$3.3 billion because finance costs fell to HK$535 million and the effective borrowing rate fell to 3.5%.
What should investors watch in Wharf’s next release?
First, compare actual net debt and gearing with management’s targets, then compare recurring Hong Kong property and hotel earnings with dividends paid. Confirm how much Wheelock Place cash reached debt repayment, and whether the reported Scotts Square sale completed. Asset sales strengthen the balance sheet, but the properties sold no longer produce rent.
Questions about Wharf (1997.HK) earnings
Are Wharf's latest earnings out?
Yes. Wharf has reported the half-year to June 2026.
Is Wharf expected to beat earnings?
Our report makes no call on that. Management's guidance: Consolidated net debt, Year to Dec 2026: 20,000.
Where could Wharf stock be by 2029?
Our report's forecast is HK$30.34 a share by November 2029, from the HK$31.10 close of November 3, 2026. Wharf stock forecast →
More on Wharf (1997.HK)
Wharf and its rivals
Wharf's own filings
This page gives the results. The report gives the reasons.
The full report: an executive summary and 8 chapters, 18,021 words, 55 tables. Its first page opens here, no account needed.
How it is made: AI reads Wharf's filings, writes the report, checks the numbers against them and cites each source, 111 in this one. How we work · Corrections
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Information only, not investment advice. The next results date is an expectation until Wharf confirms it. Prices are those of the date shown.