Financial Highlights Six months ended 30th June 2024 2023 Note HK$M HK$M Change Results Revenue 7,279 7,297 0% Profit attributable to the Company’s shareholders Underlying (a), (b) 3,857 3,901 -1% Recurring underlying (a), (b) 3,570 3,892 -8% Reported 1,796 2,223 -19% Cash generated from operations 3,701 4,221 -12% Net cash inflow/(outflow) before financing 1,284 (3,387) N/A HK$ HK$ Earnings per share Underlying (c), (d) 0.66 0.67 -1% Recurring underlying (c), (d) 0.61 0.67 -8% Reported (c), (d) 0.31 0.38 -19% Dividend per share First interim 0.34 0.33 +3% 30th June 31st December 2024 2023 HK$M HK$M Change Financial Position Total equity (including non-controlling interests) 284,155 288,149 -1% Net debt 37,796 36,679 +3% Gearing ratio (a) 13.3% 12.7% +0.6%pt. HK$ HK$ Equity attributable to the Company’s shareholders per share (a) 48.05 48.73 -1% Notes: (a) Refer to glossary on page 79 for definition. (b) A reconciliation between reported profit and underlying profit attributable to the Company’s shareholders is provided on page 18. (c) Refer to note 11 to the financial statements for the weighted average number of shares. (d) The percentage change is the same as the corresponding percentage change in profit attributable to the Company’s shareholders. Six months ended 30th June 2024 2023 HK$M HK$M Underlying profit/(losses) by segment Property investment 3,693 3,939 Property trading (61) (37) Hotels (62) (10) Recurring underlying profit 3,570 3,892 Divestment 287 9 Underlying profit 3,857 3,901 8 Swire Properties Limited Interim Report 2024