Jardine Matheson said on Oct, 13 2026 that it now expects 2026 underlying earnings of between about 7.5 and 7.7 Singapore dollars per share, up from a prior forecast of roughly 7.2 Singapore dollars per share. The revised range represents growth of 3%–6% versus 2025 earnings per share, adjusted for disposals and reclassifications.\n\nThe group also announced the acquisition of the remaining 50% stake in Gammon Construction from Balfour Beatty for about 425 million Singapore dollars. The consideration will be settled in three equal cash tranches paid on Oct, 13 2026, Dec, 31 2027 and Dec, 29 2028. The price is not subject to post-closing adjustments, and Jardine Matheson will receive all future dividend entitlements and existing cash on Gammon’s balance sheet.\n\nFollowing completion, Jardine Matheson becomes the sole owner of Gammon Construction. The deal is expected to be modestly earnings-accretive from its first year and will be integrated into Jardine Engineering & Infrastructure, the company’s new platform led by Kevin O’Brien.\n\nManagement will host an investor and analyst call on Oct, 15 2026 at 6:00 p.m. Hong Kong time to discuss the upgraded guidance and the transaction. Jardine Matheson plans to release its regular interim update on Nov, 20 2026.