Hong Kong’s MTR Corp net profit falls 6.9% amid weaker mainland China revenue
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Hong Kong’s MTR Corp net profit falls 6.9% amid weaker mainland China revenue
Profit drops to HK$14.68 billion with rail giant citing lower mainland and overseas project contributions
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Lam Ka-sing
Published: 5:27pm, 12 Mar 2026Updated: 10:17pm, 12 Mar 2026
The net profit of Hong Kong’s MTR Corporation dropped by 6.9 per cent to HK$14.68 billion (US$1.88 billion) last year, from HK$15.77 billion in 2024, as higher depreciation costs and weaker revenue from the rail giant’s mainland China operations weighed on earnings.
The company recorded a property development profit of HK$11.08 billion last year, up from HK$10.27 billion in 2024, with income generated from projects including The Southside, Lohas Park and Ho Man Tin station.
But the MTR Corp warned on Thursday that a substantial portion of its earnings would be allocated to asset maintenance, upgrades, replacements and the expansion of the city’s extensive rail network, which it said posed “considerable financial challenges”.
“While the macroeconomic situation remains challenging – particularly in relation to consumer behaviour and spending – the improving economic landscape and property sector