KOWLOON DEV (00034) announced its annual results for the period ending December 31, 2025. The group recorded revenue of HK$4.953 billion, representing a decrease of 8.1% compared to the previous year. Profit attributable to equity holders was HK$131 million, an increase of 12.89% year-on-year. Earnings per share stood at HK$0.10, and the board has proposed a final dividend of HK$0.14 per share.

Moving into 2026, the group continues to fully advance the superstructure works for the Clear Water Bay Road development project in Ngau Chi Wan. This project, with a gross floor area exceeding 2,000,000 square feet, is substantial in scale and represents the group's most strategically significant core development focus. The project boasts a superior location with direct access to the MTR Choi Hung Station and will be connected to the Choi Hung East Station of the East Kowloon Smart Green Collective Transport System, which received government approval for construction in August 2025. Upon completion, this development is set to become a central transport hub at the convergence of two rail lines in East Kowloon, attracting significant passenger transfer traffic. This positions the project not only as a landmark new supply in the district but also to benefit directly from the business opportunities arising from the enhanced transport network. The project is currently planned for completion in phases, with the first phase targeted for completion in the first half of 2027.