Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share
It also acquired 50% of Gammon Construction, making it the sole owner.
Jardine Matheson has raised its 2026 earnings guidance to a range of US$5.50 to US$5.65 per share, reflecting stronger-than-expected portfolio performance. This represents a 3% to 6% increase over its 2025 EPS of US$5.33, when adjusted for disposals and reclassifications. The company also announced the acquisition of a 50% stake in Gammon Construction from Balfour Beatty for £250 million (S$423.2 million), which is expected to be "modestly accretive" from its first year.
The acquisition includes all future dividend entitlements and cash on the balance sheet, and is intended to enhance growth and scale for Jardine Engineering & Infrastructure (JE&I).
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- Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share businesstimes.com.sg
