Jardine Matheson lifts 2026 underlying earnings guidance to US$5.50-US$5.65 per share
Jardine Matheson raised its 2026 underlying EPS guidance to US$5.50-US$5.65 from US$5.33, implying 3%-6% growth versus adjusted 2025 EPS. The update follows its full buyout of Gammon Construction for GBP 250 million in cash.
1. Higher earnings outlook
Jardine Matheson raised its 2026 underlying EPS guidance to US$5.50-US$5.65, up from US$5.33. The new range implies 3%-6% growth versus 2025 EPS adjusted for disposals and reclassifications, and reflects solid portfolio performance through the first three quarters of 2026.
2. Gammon buyout
The guidance update follows Jardine Matheson's full buyout of Gammon Construction. The GBP 250 million cash consideration was paid in three equal tranches, and the transaction is expected to be modestly accretive from year one, supporting underlying net profit.
