New World Development reported H1 FY2026 (six months ended 31 December 2025) revenue of HKD 8.4 billion (-50.0%), gross profit of HKD 5.0 billion (-25.0%) and core operating profit of HKD 3.6 billion (-18.0%). Loss attributable to shareholders was HKD 3.7 billion, driven mainly by one-off losses including an investment property revaluation deficit of HKD 1.1 billion, development property impairment of HKD 2.1 billion and other impairments of HKD 611.0 million; the loss narrowed by 44.0%. Basic and diluted loss per share was HKD 1.48. As of 31 December 2025, total assets were HKD 418.1 billion, cash and bank balances (including restricted bank balances) were HKD 21.5 billion, undrawn bank facilities were HKD 15.9 billion, consolidated net debt was HKD 122.7 billion and net gearing was 59.7%. Total attributable contracted sales from property development projects and asset disposals were HKD 13.8 billion, including HKD 10.3 billion in Hong Kong and RMB 3.2 billion in the Chinese Mainland; CAPEX was HKD 3.5 billion (-29.0%). The group completed a debt exchange on 5 December 2025 covering perpetual securities and guaranteed notes totalling about HKD 20.0 billion, and the board resolved not to declare an interim dividend for the financial year ending 30 June 2026. Business highlights included strong sales at Hong Kong residential launches such as Deep Water Pavilia (H1 gross contracted sales about HKD 5.8 billion) and full sell-through on first launch days for House Muse and Austin Bohemian, while K11 MUSEA reported 98% occupancy with mall sales up about 7.0%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New World Development Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260227-12031753), on February 27, 2026, and is solely responsible for the information contained therein.