Melbourne Enterprises Limited reported a net profit of HK$20.08 million for the six months ended 31 March 2026, a sharp turnaround from the HK$141.51 million loss recorded a year earlier. The improvement was driven primarily by a reduction in investment property fair-value loss to HK$23.60 million (2025: HK$192.32 million).

Revenue edged down 0.5% year on year to HK$81.52 million, reflecting largely stable rental and management fee income from the group’s two Central District assets: Melbourne Plaza and Kimley Commercial Building. These properties achieved occupancy rates of 91.0% and 76.0%, respectively.

Excluding valuation movements, underlying operating profit from rental operations fell 14.0% to HK$51.22 million, while gross profit slipped to HK$57.74 million (2025: HK$62.51 million) as operating costs rose to HK$23.79 million.

The board declared an interim dividend of HK$1.6 per share, with a record date of 2 July 2026 and payment scheduled for 13 July 2026. This follows a HK$1.6 per share final dividend (total HK$40.00 million) distributed earlier in the period.

Melbourne Enterprises maintained a solid balance sheet, ending March with cash and cash equivalents of HK$271.29 million (30 September 2025: HK$233.65 million) and no bank borrowings or overdrafts. Net assets stood at HK$6.36 billion.

No material acquisitions or disposals were undertaken during the period. The group continues to participate in the Foshan Country Club project in Mainland China, where the golf course is operational and property development is ongoing.

Corporate governance remained compliant with Appendix C1 of the Listing Rules. Following the appointment of an additional independent non-executive director in December 2025, the company has re-met the Listing Rules’ requirements for board and committee composition.