Annual Report 2025

219 2025 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 10 Earnings per share (a) Reported earnings per share The calculations of basic and diluted earnings per share are based on the profit attributable to equity shareholders of the Company of $398,022,000 (2024: $187,282,000) and the weighted average number of ordinary shares in issue during the year, calculated as follows: 2025 2024 Issued ordinary shares at 1 January 508,901,425 494,343,118 Effect of shares issued in respect of scrip dividend 10,456,606 7,438,261 Effect of shares issued in respect of share options 34,826 – Weighted average number of ordinary shares at 31 December 519,392,857 501,781,379 Diluted earnings per share were the same as the basic earnings per share as there were no dilutive potential ordinary shares during the year. Share options were excluded from the diluted weighted average number of ordinary shares calculation because their effect would have been anti-dilutive. (b) Underlying earnings per share For the purpose of assessing the underlying performance of the Group, basic and diluted underlying earnings per share are additionally calculated based on the underlying profit attributable to equity shareholders of the Company of HK$539,849,000 (2024: HK$265,482,000), which excluded the effect of the change in fair value of investment properties and investment property under development. A reconciliation of profit is as follows: 2025 2024 $’000 $’000 Profit attributable to equity shareholders as shown in the consolidated statement of profit or loss 398,022 187,282 Change in fair value of investment properties and investment property under development 141,827 78,200 Underlying profit attributable to equity shareholders 539,849 265,482 11 Dividends (a) Dividends paid/payable to equity shareholders of the Company attributable to the year 2025 2024 Per share Total Per share Total $ $’000 $ $’000 Interim dividend declared and paid 0.30 157,775 – – Final dividend proposed after the end of the reporting period 0.50 267,343 0.50 254,451 0.80 425,118 0.50 254,451 The final dividend proposed after the end of the reporting period has not been recognised as a liability at the end of the reporting period. The interim dividend with a scrip dividend alternative in respect of the six months ended 30 June 2025 was paid on 21 October 2025, of which $87,911,000 was settled by the issuance of 8,340,690 shares at an issue price of $10.54 per share under the scrip dividend scheme.