MTR says it will earmark ‘much of the profit’ for asset replacement and maintenance, as well as the development of new railway projects
2-MIN READ2-MIN ListenEric JiangPublished: 4:57pm, 13 Aug 2026Updated: 5:14pm, 13 Aug 2026Net profit at Hong Kong rail operator the MTR Corporation more than doubled to HK$15.87 billion (US$2 billion) in the first half of 2026, from HK$7.70 billion a year earlier, as strong gains from property development offset largely flat performance in its rail and commercial operations.
The partly privatised corporation reported a 120.7 per cent year-on-year increase in property-development profit to HK$12.23 billion, driven mainly by projects at Tai Wai Station and The Southside “Package 5” in Wong Chuk Hang.
The MTR said it would earmark “much of the profit” for asset replacement and maintenance, as well as the development of new railway projects.
Despite the bumper profit, the interim dividend remained unchanged at 42 HK cents.
Profit from recurring operations, including rail and station-commercial businesses, edged up 1.3 per cent year on year to HK$3.43 billion in the first half, driven by higher contributions from mainland China and overseas markets.
Revenue fell 4.1 per cent year on year to HK$26.23 billion during the six months.
Revenue from transport operations in Hong Kong accounted for nearly half of total revenue, rising slightly to HK$11.85 billion in the first half from HK$11.50 billion in the same period a year earlier.
