MTR Corp Ltd

00066: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MTR Earnings: Improved Sentiment Supports Property Development Profit; High Capex Remains a Drag

Kathy Chan

Mar 13, 2026

MTR's 2025 underlying profit declined 4%, mainly due to the loss of contribution from the UK Elizabeth line and South Western Railway since May 2025. This was partly offset by an 8% increase in property development profit as Hong Kong residential transactions picked up on improved sentiment.

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MTR Corp Ltd

MTR Earnings: Improved Sentiment Supports Property Development Profit; High Capex Remains a Drag

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