Jardine C&C reports lower contributions from most businesses in Q1

Currency depreciation contributed to the downturn.

Jardine Cycle & Carriage (Jardine C&C) reported lower contributions from most of its businesses in Q1 2025.

In Indonesia, Astra recorded a decrease in underlying profit, with lower earnings from its automotive and mobility, as well as heavy equipment and mining businesses. Its contribution to Jardine C&C was further affected by the weaker Indonesian Rupiah.

In Vietnam, THACO reported an increase in automotive sales volume. However, its contribution to Jardine C&C was also impacted by the weaker Vietnamese Dong.

Meanwhile, in Singapore, Cycle & Carriage achieved higher sales volumes of new and used cars. In Malaysia, the business continued to transition smoothly to the agency model.

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Jardine Cycle & Carriage

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